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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and GSI TECHNOLOGY INC (GSIT). Click either name above to swap in a different company.
Borealis Foods Inc. is the larger business by last-quarter revenue ($7.1M vs $6.1M, roughly 1.2× GSI TECHNOLOGY INC). GSI TECHNOLOGY INC runs the higher net margin — -49.7% vs -53.2%, a 3.5% gap on every dollar of revenue. On growth, GSI TECHNOLOGY INC posted the faster year-over-year revenue change (12.2% vs -12.0%). Over the past eight quarters, GSI TECHNOLOGY INC's revenue compounded faster (8.6% 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.
Triad GSI is an American voting machine vendor based in Xenia, Ohio. Their main products are election-related computer hardware and software for counting ballots, as well as voter registration.
BRLS vs GSIT — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $6.1M |
| Net Profit | $-3.8M | $-3.0M |
| Gross Margin | 14.6% | 52.7% |
| Operating Margin | -27.1% | -113.7% |
| Net Margin | -53.2% | -49.7% |
| Revenue YoY | -12.0% | 12.2% |
| Net Profit YoY | 21.8% | 25.0% |
| EPS (diluted) | $-0.18 | $-0.09 |
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 | — | $6.1M | ||
| Q3 25 | $7.1M | $6.4M | ||
| Q2 25 | $7.2M | $6.3M | ||
| Q1 25 | $6.8M | $5.9M | ||
| Q4 24 | $6.8M | $5.4M | ||
| Q3 24 | $8.1M | $4.5M | ||
| Q2 24 | $5.5M | $4.7M | ||
| Q1 24 | $7.9M | $5.2M |
| Q4 25 | — | $-3.0M | ||
| Q3 25 | $-3.8M | $-3.2M | ||
| Q2 25 | $-4.6M | $-2.2M | ||
| Q1 25 | $-4.2M | $-2.2M | ||
| Q4 24 | $-5.8M | $-4.0M | ||
| Q3 24 | $-4.8M | $-5.5M | ||
| Q2 24 | $-6.3M | $1.1M | ||
| Q1 24 | $-8.4M | $-4.3M |
| Q4 25 | — | 52.7% | ||
| Q3 25 | 14.6% | 54.8% | ||
| Q2 25 | 7.2% | 58.1% | ||
| Q1 25 | 13.1% | 56.1% | ||
| Q4 24 | 3.7% | 54.0% | ||
| Q3 24 | 15.8% | 38.6% | ||
| Q2 24 | 7.7% | 46.3% | ||
| Q1 24 | 3.1% | 51.6% |
| Q4 25 | — | -113.7% | ||
| Q3 25 | -27.1% | -49.5% | ||
| Q2 25 | -46.7% | -34.6% | ||
| Q1 25 | -42.6% | -38.7% | ||
| Q4 24 | -68.4% | -74.9% | ||
| Q3 24 | -44.8% | -122.7% | ||
| Q2 24 | -94.8% | 23.1% | ||
| Q1 24 | -88.3% | -87.6% |
| Q4 25 | — | -49.7% | ||
| Q3 25 | -53.2% | -49.4% | ||
| Q2 25 | -64.0% | -35.3% | ||
| Q1 25 | -61.2% | -37.9% | ||
| Q4 24 | -85.3% | -74.4% | ||
| Q3 24 | -59.8% | -120.0% | ||
| Q2 24 | -115.0% | 23.1% | ||
| Q1 24 | -106.8% | -83.9% |
| Q4 25 | — | $-0.09 | ||
| Q3 25 | $-0.18 | $-0.11 | ||
| Q2 25 | $0.21 | $-0.08 | ||
| Q1 25 | $-0.20 | $-0.09 | ||
| Q4 24 | $-0.82 | $-0.16 | ||
| Q3 24 | $-0.23 | $-0.21 | ||
| Q2 24 | $0.29 | $0.04 | ||
| Q1 24 | $-0.49 | $-0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $70.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.9M | $83.6M |
| Total Assets | $56.3M | $98.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $70.7M | ||
| Q3 25 | — | $25.3M | ||
| Q2 25 | — | $22.7M | ||
| Q1 25 | — | $13.4M | ||
| Q4 24 | — | $15.1M | ||
| Q3 24 | — | $18.4M | ||
| Q2 24 | — | $21.8M | ||
| Q1 24 | — | $14.4M |
| Q4 25 | — | $83.6M | ||
| Q3 25 | $-12.9M | $38.6M | ||
| Q2 25 | $-9.2M | $37.4M | ||
| Q1 25 | $-4.8M | $28.2M | ||
| Q4 24 | $-695.9K | $29.9M | ||
| Q3 24 | $5.1M | $33.3M | ||
| Q2 24 | $9.9M | $38.0M | ||
| Q1 24 | $16.2M | $36.0M |
| Q4 25 | — | $98.5M | ||
| Q3 25 | $56.3M | $52.0M | ||
| Q2 25 | $57.3M | $50.5M | ||
| Q1 25 | $58.4M | $43.3M | ||
| Q4 24 | $60.0M | $44.1M | ||
| Q3 24 | $61.9M | $47.4M | ||
| Q2 24 | $63.6M | $52.3M | ||
| Q1 24 | $70.3M | $42.5M |
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 | $-7.9M |
| Free Cash FlowOCF − Capex | — | $-8.2M |
| FCF MarginFCF / Revenue | — | -134.4% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-12.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-7.9M | ||
| Q3 25 | $-190.6K | $-887.0K | ||
| Q2 25 | $-2.2M | $-1.7M | ||
| Q1 25 | $-1.4M | $-1.7M | ||
| Q4 24 | $-819.4K | $-3.6M | ||
| Q3 24 | $-3.3M | $-3.5M | ||
| Q2 24 | $-4.2M | $-4.3M | ||
| Q1 24 | $-6.8M | $-7.1M |
| Q4 25 | — | $-8.2M | ||
| Q3 25 | — | $-906.0K | ||
| Q2 25 | — | $-1.7M | ||
| Q1 25 | $-1.4M | $-1.7M | ||
| Q4 24 | $-951.6K | $-3.6M | ||
| Q3 24 | $-3.7M | $-3.5M | ||
| Q2 24 | $-4.7M | $-4.3M | ||
| Q1 24 | $-7.3M | $-7.2M |
| Q4 25 | — | -134.4% | ||
| Q3 25 | — | -14.1% | ||
| Q2 25 | — | -27.6% | ||
| Q1 25 | -20.3% | -28.3% | ||
| Q4 24 | -14.1% | -66.1% | ||
| Q3 24 | -46.1% | -76.6% | ||
| Q2 24 | -86.7% | -92.0% | ||
| Q1 24 | -92.7% | -139.0% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 0.2% | 0.1% | ||
| Q4 24 | 2.0% | 0.1% | ||
| Q3 24 | 5.6% | 0.1% | ||
| Q2 24 | 9.4% | 0.7% | ||
| Q1 24 | 7.0% | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -3.96× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRLS
Segment breakdown not available.
GSIT
| Distribution | $5.6M | 92% |
| Other | $459.0K | 8% |
