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Side-by-side financial comparison of BARFRESH FOOD GROUP INC. (BRFH) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.
SWK Holdings Corp is the larger business by last-quarter revenue ($8.7M vs $5.4M, roughly 1.6× BARFRESH FOOD GROUP INC.). On growth, BARFRESH FOOD GROUP INC. posted the faster year-over-year revenue change (94.5% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $426.0K). Over the past eight quarters, BARFRESH FOOD GROUP INC.'s revenue compounded faster (38.4% CAGR vs -12.5%).
Barfresh Food Group Inc. is a specialized food and beverage firm that develops, manufactures, and distributes frozen ready-to-blend smoothies, frappes, and related beverage products. Its core client base includes quick service restaurants, K-12 schools, healthcare facilities, and hospitality operators across North America, delivering portion-controlled, easy-to-prepare solutions that cut down on front-of-house preparation work for food service partners.
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
BRFH vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4M | $8.7M |
| Net Profit | $-763.0K | $-19.4M |
| Gross Margin | 2.9% | — |
| Operating Margin | -28.9% | 9.9% |
| Net Margin | -14.1% | — |
| Revenue YoY | 94.5% | -29.7% |
| Net Profit YoY | 10.4% | -430.2% |
| EPS (diluted) | $-0.04 | $-1.59 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.4M | $8.7M | ||
| Q3 25 | $4.2M | $10.9M | ||
| Q2 25 | $1.6M | $10.1M | ||
| Q1 25 | $2.9M | $11.8M | ||
| Q4 24 | $2.8M | $12.4M | ||
| Q3 24 | $3.6M | $10.4M | ||
| Q2 24 | $1.5M | $10.8M | ||
| Q1 24 | $2.8M | $11.4M |
| Q4 25 | $-763.0K | $-19.4M | ||
| Q3 25 | $-290.0K | $8.8M | ||
| Q2 25 | $-880.0K | $3.5M | ||
| Q1 25 | $-761.0K | $4.5M | ||
| Q4 24 | $-852.0K | $5.9M | ||
| Q3 24 | $-513.0K | $3.5M | ||
| Q2 24 | $-1.0M | $3.7M | ||
| Q1 24 | $-449.0K | $468.0K |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 36.7% | — | ||
| Q2 25 | 31.1% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 26.2% | — | ||
| Q3 24 | 34.6% | — | ||
| Q2 24 | 34.8% | — | ||
| Q1 24 | 41.4% | — |
| Q4 25 | -28.9% | 9.9% | ||
| Q3 25 | -6.1% | 61.3% | ||
| Q2 25 | -53.4% | 46.1% | ||
| Q1 25 | -25.2% | 68.6% | ||
| Q4 24 | -29.5% | 44.7% | ||
| Q3 24 | -13.7% | 39.2% | ||
| Q2 24 | -68.6% | 8.3% | ||
| Q1 24 | -15.8% | 9.5% |
| Q4 25 | -14.1% | — | ||
| Q3 25 | -6.9% | 80.7% | ||
| Q2 25 | -54.2% | 35.2% | ||
| Q1 25 | -26.0% | 38.4% | ||
| Q4 24 | -30.6% | 47.5% | ||
| Q3 24 | -14.1% | 33.3% | ||
| Q2 24 | -69.1% | 33.9% | ||
| Q1 24 | -15.9% | 4.1% |
| Q4 25 | $-0.04 | $-1.59 | ||
| Q3 25 | $-0.02 | $0.72 | ||
| Q2 25 | $-0.06 | $0.29 | ||
| Q1 25 | $-0.05 | $0.37 | ||
| Q4 24 | $-0.06 | $0.47 | ||
| Q3 24 | $-0.03 | $0.28 | ||
| Q2 24 | $-0.07 | $0.30 | ||
| Q1 24 | $-0.03 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $42.8M |
| Total DebtLower is stronger | $766.0K | $33.0M |
| Stockholders' EquityBook value | $1.3M | $235.1M |
| Total Assets | $12.8M | $272.4M |
| Debt / EquityLower = less leverage | 0.58× | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $42.8M | ||
| Q3 25 | — | $10.2M | ||
| Q2 25 | — | $8.0M | ||
| Q1 25 | — | $29.8M | ||
| Q4 24 | — | $5.9M | ||
| Q3 24 | — | $17.2M | ||
| Q2 24 | — | $5.5M | ||
| Q1 24 | $1.2M | $5.5M |
| Q4 25 | $766.0K | $33.0M | ||
| Q3 25 | $596.0K | $33.0M | ||
| Q2 25 | $176.0K | $33.0M | ||
| Q1 25 | $200.0K | $33.0M | ||
| Q4 24 | $223.0K | $33.0M | ||
| Q3 24 | $246.0K | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | — | $33.0M |
| Q4 25 | $1.3M | $235.1M | ||
| Q3 25 | $1.9M | $254.2M | ||
| Q2 25 | $2.0M | $246.5M | ||
| Q1 25 | $2.8M | $292.7M | ||
| Q4 24 | $578.0K | $288.7M | ||
| Q3 24 | $1.4M | $283.4M | ||
| Q2 24 | $1.7M | $282.8M | ||
| Q1 24 | $2.5M | $279.9M |
| Q4 25 | $12.8M | $272.4M | ||
| Q3 25 | $6.8M | $289.4M | ||
| Q2 25 | $3.8M | $285.7M | ||
| Q1 25 | $5.3M | $331.3M | ||
| Q4 24 | $3.3M | $332.2M | ||
| Q3 24 | $3.8M | $321.3M | ||
| Q2 24 | $3.3M | $321.0M | ||
| Q1 24 | $4.7M | $322.0M |
| Q4 25 | 0.58× | 0.14× | ||
| Q3 25 | 0.31× | 0.13× | ||
| Q2 25 | 0.09× | 0.13× | ||
| Q1 25 | 0.07× | 0.11× | ||
| Q4 24 | 0.39× | 0.11× | ||
| Q3 24 | 0.18× | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $507.0K | $27.3M |
| Free Cash FlowOCF − Capex | $426.0K | $26.8M |
| FCF MarginFCF / Revenue | 7.9% | 308.1% |
| Capex IntensityCapex / Revenue | 1.5% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.9M | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $507.0K | $27.3M | ||
| Q3 25 | $-598.0K | $906.0K | ||
| Q2 25 | $-1.1M | $7.8M | ||
| Q1 25 | $-506.0K | $8.3M | ||
| Q4 24 | $-685.0K | $23.0M | ||
| Q3 24 | $5.0K | $6.3M | ||
| Q2 24 | $-780.0K | $5.4M | ||
| Q1 24 | $-769.0K | $4.4M |
| Q4 25 | $426.0K | $26.8M | ||
| Q3 25 | $-650.0K | $557.0K | ||
| Q2 25 | $-1.1M | $7.7M | ||
| Q1 25 | $-534.0K | $8.2M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $-52.0K | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | — |
| Q4 25 | 7.9% | 308.1% | ||
| Q3 25 | -15.4% | 5.1% | ||
| Q2 25 | -69.8% | 77.0% | ||
| Q1 25 | -18.2% | 69.1% | ||
| Q4 24 | — | 185.3% | ||
| Q3 24 | -1.4% | 60.4% | ||
| Q2 24 | — | 49.7% | ||
| Q1 24 | — | — |
| Q4 25 | 1.5% | 5.9% | ||
| Q3 25 | 1.2% | 3.2% | ||
| Q2 25 | 4.1% | 0.6% | ||
| Q1 25 | 1.0% | 0.8% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 1.6% | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 9.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRFH
| Raw And Processed Milk | $2.7M | 51% |
| Other | $2.7M | 49% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
