vs
Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and ClearSign Technologies Corp (CLIR). Click either name above to swap in a different company.
Borealis Foods Inc. is the larger business by last-quarter revenue ($7.1M vs $3.7M, roughly 1.9× ClearSign Technologies Corp). ClearSign Technologies Corp runs the higher net margin — -8.5% vs -53.2%, a 44.8% gap on every dollar of revenue. On growth, ClearSign Technologies Corp posted the faster year-over-year revenue change (522.2% vs -12.0%). Over the past eight quarters, ClearSign Technologies Corp's revenue compounded faster (82.5% CAGR vs -2.4%).
Borealis Foods Inc is a food technology enterprise specializing in developing and producing high-quality plant-based protein products including plant-based meat alternatives. It mainly serves retail and food service customers across North America and Europe, focusing on delivering affordable, nutritious sustainable food options matching the taste of conventional animal-derived meat.
ClearSign Technologies Corporation (ClearSign) is a United States-based company that develops emission-control technology.
BRLS vs CLIR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $3.7M |
| Net Profit | $-3.8M | $-311.0K |
| Gross Margin | 14.6% | 21.9% |
| Operating Margin | -27.1% | -22.5% |
| Net Margin | -53.2% | -8.5% |
| Revenue YoY | -12.0% | 522.2% |
| Net Profit YoY | 21.8% | 73.3% |
| EPS (diluted) | $-0.18 | $-0.06 |
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 | — | $3.7M | ||
| Q3 25 | $7.1M | $1.0M | ||
| Q2 25 | $7.2M | $133.0K | ||
| Q1 25 | $6.8M | $401.0K | ||
| Q4 24 | $6.8M | $590.0K | ||
| Q3 24 | $8.1M | $1.9M | ||
| Q2 24 | $5.5M | $45.0K | ||
| Q1 24 | $7.9M | $1.1M |
| Q4 25 | — | $-311.0K | ||
| Q3 25 | $-3.8M | $-1.4M | ||
| Q2 25 | $-4.6M | $-1.7M | ||
| Q1 25 | $-4.2M | $-2.1M | ||
| Q4 24 | $-5.8M | $-1.2M | ||
| Q3 24 | $-4.8M | $-1.2M | ||
| Q2 24 | $-6.3M | $-1.9M | ||
| Q1 24 | $-8.4M | $-1.1M |
| Q4 25 | — | 21.9% | ||
| Q3 25 | 14.6% | 35.8% | ||
| Q2 25 | 7.2% | 41.4% | ||
| Q1 25 | 13.1% | 48.9% | ||
| Q4 24 | 3.7% | 14.9% | ||
| Q3 24 | 15.8% | 29.6% | ||
| Q2 24 | 7.7% | 93.3% | ||
| Q1 24 | 3.1% | 39.7% |
| Q4 25 | — | -22.5% | ||
| Q3 25 | -27.1% | -170.1% | ||
| Q2 25 | -46.7% | -1382.0% | ||
| Q1 25 | -42.6% | -562.8% | ||
| Q4 24 | -68.4% | -282.4% | ||
| Q3 24 | -44.8% | -77.1% | ||
| Q2 24 | -94.8% | -4748.9% | ||
| Q1 24 | -88.3% | -113.6% |
| Q4 25 | — | -8.5% | ||
| Q3 25 | -53.2% | -138.9% | ||
| Q2 25 | -64.0% | -1263.2% | ||
| Q1 25 | -61.2% | -517.7% | ||
| Q4 24 | -85.3% | -197.3% | ||
| Q3 24 | -59.8% | -62.1% | ||
| Q2 24 | -115.0% | -4160.0% | ||
| Q1 24 | -106.8% | -100.5% |
| Q4 25 | — | $-0.06 | ||
| Q3 25 | $-0.18 | $-0.26 | ||
| Q2 25 | $0.21 | $-0.30 | ||
| Q1 25 | $-0.20 | $-0.37 | ||
| Q4 24 | $-0.82 | $-0.18 | ||
| Q3 24 | $-0.23 | $-0.20 | ||
| Q2 24 | $0.29 | $-0.40 | ||
| Q1 24 | $-0.49 | $-0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $9.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.9M | $9.5M |
| Total Assets | $56.3M | $12.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $9.2M | ||
| Q3 25 | — | $10.5M | ||
| Q2 25 | — | $12.3M | ||
| Q1 25 | — | $12.9M | ||
| Q4 24 | — | $14.0M | ||
| Q3 24 | — | $14.5M | ||
| Q2 24 | — | $16.0M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | — | $9.5M | ||
| Q3 25 | $-12.9M | $9.1M | ||
| Q2 25 | $-9.2M | $10.4M | ||
| Q1 25 | $-4.8M | $12.0M | ||
| Q4 24 | $-695.9K | $13.8M | ||
| Q3 24 | $5.1M | $14.8M | ||
| Q2 24 | $9.9M | $15.9M | ||
| Q1 24 | $16.2M | $4.5M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | $56.3M | $12.7M | ||
| Q2 25 | $57.3M | $14.2M | ||
| Q1 25 | $58.4M | $14.5M | ||
| Q4 24 | $60.0M | $16.3M | ||
| Q3 24 | $61.9M | $17.1M | ||
| Q2 24 | $63.6M | $17.8M | ||
| Q1 24 | $70.3M | $6.6M |
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 | $-190.6K | $-1.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.3M | ||
| Q3 25 | $-190.6K | $-1.8M | ||
| Q2 25 | $-2.2M | $-511.0K | ||
| Q1 25 | $-1.4M | $-1.1M | ||
| Q4 24 | $-819.4K | $-415.0K | ||
| Q3 24 | $-3.3M | $-1.4M | ||
| Q2 24 | $-4.2M | $-1.5M | ||
| Q1 24 | $-6.8M | $-1.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.4M | $-1.1M | ||
| Q4 24 | $-951.6K | — | ||
| Q3 24 | $-3.7M | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-7.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -20.3% | -278.1% | ||
| Q4 24 | -14.1% | — | ||
| Q3 24 | -46.1% | — | ||
| Q2 24 | -86.7% | — | ||
| Q1 24 | -92.7% | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.6% | 0.0% | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 7.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
