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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and Dogness (International) Corp (DOGZ). Click either name above to swap in a different company.

Dogness (International) Corp is the larger business by last-quarter revenue ($7.7M vs $7.1M, roughly 1.1× Borealis Foods Inc.). Borealis Foods Inc. runs the higher net margin — -53.2% vs -67.1%, a 13.9% 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.

Dogness (International) Corp is a pet product manufacturer focused on designing, producing and selling a broad portfolio of pet care goods, including smart pet feeders, automatic waterers, leashes, collars and grooming tools. Its core markets cover North America, Europe and China, serving both retail consumers and B2B partners in the global pet industry.

BRLS vs DOGZ — Head-to-Head

Bigger by revenue
DOGZ
DOGZ
1.1× larger
DOGZ
$7.7M
$7.1M
BRLS
Higher net margin
BRLS
BRLS
13.9% more per $
BRLS
-53.2%
-67.1%
DOGZ

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
BRLS
BRLS
DOGZ
DOGZ
Revenue
$7.1M
$7.7M
Net Profit
$-3.8M
$-5.2M
Gross Margin
14.6%
11.2%
Operating Margin
-27.1%
-70.8%
Net Margin
-53.2%
-67.1%
Revenue YoY
-12.0%
Net Profit YoY
21.8%
EPS (diluted)
$-0.18
$-0.29

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
DOGZ
DOGZ
Q4 25
$7.7M
Q3 25
$7.1M
Q2 25
$7.2M
$6.7M
Q1 25
$6.8M
Q4 24
$6.8M
Q3 24
$8.1M
Q2 24
$5.5M
Q1 24
$7.9M
Net Profit
BRLS
BRLS
DOGZ
DOGZ
Q4 25
$-5.2M
Q3 25
$-3.8M
Q2 25
$-4.6M
$-3.2M
Q1 25
$-4.2M
Q4 24
$-5.8M
Q3 24
$-4.8M
Q2 24
$-6.3M
Q1 24
$-8.4M
Gross Margin
BRLS
BRLS
DOGZ
DOGZ
Q4 25
11.2%
Q3 25
14.6%
Q2 25
7.2%
19.6%
Q1 25
13.1%
Q4 24
3.7%
Q3 24
15.8%
Q2 24
7.7%
Q1 24
3.1%
Operating Margin
BRLS
BRLS
DOGZ
DOGZ
Q4 25
-70.8%
Q3 25
-27.1%
Q2 25
-46.7%
-53.6%
Q1 25
-42.6%
Q4 24
-68.4%
Q3 24
-44.8%
Q2 24
-94.8%
Q1 24
-88.3%
Net Margin
BRLS
BRLS
DOGZ
DOGZ
Q4 25
-67.1%
Q3 25
-53.2%
Q2 25
-64.0%
-47.9%
Q1 25
-61.2%
Q4 24
-85.3%
Q3 24
-59.8%
Q2 24
-115.0%
Q1 24
-106.8%
EPS (diluted)
BRLS
BRLS
DOGZ
DOGZ
Q4 25
$-0.29
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
DOGZ
DOGZ
Cash + ST InvestmentsLiquidity on hand
$6.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-12.9M
$95.1M
Total Assets
$56.3M
$114.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRLS
BRLS
DOGZ
DOGZ
Q4 25
$6.6M
Q3 25
Q2 25
$12.8M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BRLS
BRLS
DOGZ
DOGZ
Q4 25
$95.1M
Q3 25
$-12.9M
Q2 25
$-9.2M
$97.8M
Q1 25
$-4.8M
Q4 24
$-695.9K
Q3 24
$5.1M
Q2 24
$9.9M
Q1 24
$16.2M
Total Assets
BRLS
BRLS
DOGZ
DOGZ
Q4 25
$114.5M
Q3 25
$56.3M
Q2 25
$57.3M
$116.8M
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
DOGZ
DOGZ
Operating Cash FlowLast quarter
$-190.6K
$-1.6M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-77.8%
Capex IntensityCapex / Revenue
56.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRLS
BRLS
DOGZ
DOGZ
Q4 25
$-1.6M
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
DOGZ
DOGZ
Q4 25
$-6.0M
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
DOGZ
DOGZ
Q4 25
-77.8%
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
DOGZ
DOGZ
Q4 25
56.9%
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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