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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and CITIUS ONCOLOGY, INC. (CTOR). Click either name above to swap in a different company.

Borealis Foods Inc. is the larger business by last-quarter revenue ($7.1M vs $3.9M, roughly 1.8× CITIUS ONCOLOGY, INC.). Borealis Foods Inc. runs the higher net margin — -53.2% vs -140.3%, a 87.1% gap on every dollar of revenue.

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.

Citius Oncology, Inc. is a late-stage biopharmaceutical company focused on developing innovative targeted therapies for cancer patients. Its core pipeline covers treatments addressing unmet medical needs in hematologic malignancies and solid tumors, primarily serving North American and global oncology care markets.

BRLS vs CTOR — Head-to-Head

Bigger by revenue
BRLS
BRLS
1.8× larger
BRLS
$7.1M
$3.9M
CTOR
Higher net margin
BRLS
BRLS
87.1% more per $
BRLS
-53.2%
-140.3%
CTOR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BRLS
BRLS
CTOR
CTOR
Revenue
$7.1M
$3.9M
Net Profit
$-3.8M
$-5.5M
Gross Margin
14.6%
80.0%
Operating Margin
-27.1%
-133.2%
Net Margin
-53.2%
-140.3%
Revenue YoY
-12.0%
Net Profit YoY
21.8%
16.9%
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.

Revenue
BRLS
BRLS
CTOR
CTOR
Q4 25
$3.9M
Q3 25
$7.1M
Q2 25
$7.2M
Q1 25
$6.8M
Q4 24
$6.8M
Q3 24
$8.1M
Q2 24
$5.5M
Q1 24
$7.9M
Net Profit
BRLS
BRLS
CTOR
CTOR
Q4 25
$-5.5M
Q3 25
$-3.8M
Q2 25
$-4.6M
Q1 25
$-4.2M
Q4 24
$-5.8M
Q3 24
$-4.8M
Q2 24
$-6.3M
Q1 24
$-8.4M
Gross Margin
BRLS
BRLS
CTOR
CTOR
Q4 25
80.0%
Q3 25
14.6%
Q2 25
7.2%
Q1 25
13.1%
Q4 24
3.7%
Q3 24
15.8%
Q2 24
7.7%
Q1 24
3.1%
Operating Margin
BRLS
BRLS
CTOR
CTOR
Q4 25
-133.2%
Q3 25
-27.1%
Q2 25
-46.7%
Q1 25
-42.6%
Q4 24
-68.4%
Q3 24
-44.8%
Q2 24
-94.8%
Q1 24
-88.3%
Net Margin
BRLS
BRLS
CTOR
CTOR
Q4 25
-140.3%
Q3 25
-53.2%
Q2 25
-64.0%
Q1 25
-61.2%
Q4 24
-85.3%
Q3 24
-59.8%
Q2 24
-115.0%
Q1 24
-106.8%
EPS (diluted)
BRLS
BRLS
CTOR
CTOR
Q4 25
$-0.06
Q3 25
$-0.18
Q2 25
$0.21
Q1 25
$-0.20
Q4 24
$-0.82
Q3 24
$-0.23
Q2 24
$0.29
Q1 24
$-0.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRLS
BRLS
CTOR
CTOR
Cash + ST InvestmentsLiquidity on hand
$7.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-12.9M
$58.4M
Total Assets
$56.3M
$110.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRLS
BRLS
CTOR
CTOR
Q4 25
$7.3M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BRLS
BRLS
CTOR
CTOR
Q4 25
$58.4M
Q3 25
$-12.9M
Q2 25
$-9.2M
Q1 25
$-4.8M
Q4 24
$-695.9K
Q3 24
$5.1M
Q2 24
$9.9M
Q1 24
$16.2M
Total Assets
BRLS
BRLS
CTOR
CTOR
Q4 25
$110.0M
Q3 25
$56.3M
Q2 25
$57.3M
Q1 25
$58.4M
Q4 24
$60.0M
Q3 24
$61.9M
Q2 24
$63.6M
Q1 24
$70.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRLS
BRLS
CTOR
CTOR
Operating Cash FlowLast quarter
$-190.6K
$-7.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRLS
BRLS
CTOR
CTOR
Q4 25
$-7.4M
Q3 25
$-190.6K
Q2 25
$-2.2M
Q1 25
$-1.4M
Q4 24
$-819.4K
Q3 24
$-3.3M
Q2 24
$-4.2M
Q1 24
$-6.8M
Free Cash Flow
BRLS
BRLS
CTOR
CTOR
Q4 25
Q3 25
Q2 25
Q1 25
$-1.4M
Q4 24
$-951.6K
Q3 24
$-3.7M
Q2 24
$-4.7M
Q1 24
$-7.3M
FCF Margin
BRLS
BRLS
CTOR
CTOR
Q4 25
Q3 25
Q2 25
Q1 25
-20.3%
Q4 24
-14.1%
Q3 24
-46.1%
Q2 24
-86.7%
Q1 24
-92.7%
Capex Intensity
BRLS
BRLS
CTOR
CTOR
Q4 25
Q3 25
Q2 25
Q1 25
0.2%
Q4 24
2.0%
Q3 24
5.6%
Q2 24
9.4%
Q1 24
7.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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