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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and Marygold Companies, Inc. (MGLD). Click either name above to swap in a different company.
Marygold Companies, Inc. is the larger business by last-quarter revenue ($7.6M vs $7.1M, roughly 1.1× Borealis Foods Inc.). Marygold Companies, Inc. runs the higher net margin — -7.5% vs -53.2%, a 45.7% gap on every dollar of revenue. On growth, Marygold Companies, Inc. posted the faster year-over-year revenue change (-4.5% vs -12.0%). Over the past eight quarters, Marygold Companies, Inc.'s revenue compounded faster (-1.5% 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.
Marygold Companies, Inc. is a U.S.-headquartered diversified holding company that operates across three core segments: financial services, specialty manufacturing, and consumer goods. It primarily caters to North American markets, driving long-term value growth via strategic investment in, and operational optimization of, its portfolio of subsidiary entities.
BRLS vs MGLD — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $7.6M |
| Net Profit | $-3.8M | $-576.0K |
| Gross Margin | 14.6% | 74.0% |
| Operating Margin | -27.1% | -8.3% |
| Net Margin | -53.2% | -7.5% |
| Revenue YoY | -12.0% | -4.5% |
| Net Profit YoY | 21.8% | 67.0% |
| EPS (diluted) | $-0.18 | $-0.01 |
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 | — | $7.6M | ||
| Q3 25 | $7.1M | $7.0M | ||
| Q2 25 | $7.2M | $7.2M | ||
| Q1 25 | $6.8M | $7.0M | ||
| Q4 24 | $6.8M | $8.0M | ||
| Q3 24 | $8.1M | $7.9M | ||
| Q2 24 | $5.5M | $8.3M | ||
| Q1 24 | $7.9M | $7.9M |
| Q4 25 | — | $-576.0K | ||
| Q3 25 | $-3.8M | $-356.0K | ||
| Q2 25 | $-4.6M | $-1.5M | ||
| Q1 25 | $-4.2M | $-1.0M | ||
| Q4 24 | $-5.8M | $-1.7M | ||
| Q3 24 | $-4.8M | $-1.6M | ||
| Q2 24 | $-6.3M | $-1.9M | ||
| Q1 24 | $-8.4M | $-529.0K |
| Q4 25 | — | 74.0% | ||
| Q3 25 | 14.6% | 77.0% | ||
| Q2 25 | 7.2% | 67.8% | ||
| Q1 25 | 13.1% | 75.0% | ||
| Q4 24 | 3.7% | 74.1% | ||
| Q3 24 | 15.8% | 73.1% | ||
| Q2 24 | 7.7% | 72.5% | ||
| Q1 24 | 3.1% | 70.5% |
| Q4 25 | — | -8.3% | ||
| Q3 25 | -27.1% | -18.2% | ||
| Q2 25 | -46.7% | -16.5% | ||
| Q1 25 | -42.6% | -21.4% | ||
| Q4 24 | -68.4% | -22.8% | ||
| Q3 24 | -44.8% | -27.4% | ||
| Q2 24 | -94.8% | -33.3% | ||
| Q1 24 | -88.3% | -18.7% |
| Q4 25 | — | -7.5% | ||
| Q3 25 | -53.2% | -5.1% | ||
| Q2 25 | -64.0% | -20.4% | ||
| Q1 25 | -61.2% | -14.4% | ||
| Q4 24 | -85.3% | -21.8% | ||
| Q3 24 | -59.8% | -20.1% | ||
| Q2 24 | -115.0% | -22.5% | ||
| Q1 24 | -106.8% | -6.7% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | $-0.18 | $-0.01 | ||
| Q2 25 | $0.21 | $-0.04 | ||
| Q1 25 | $-0.20 | $-0.02 | ||
| Q4 24 | $-0.82 | $-0.04 | ||
| Q3 24 | $-0.23 | $-0.04 | ||
| Q2 24 | $0.29 | $-0.05 | ||
| Q1 24 | $-0.49 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $11.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.9M | $22.7M |
| Total Assets | $56.3M | $27.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $12.5M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $15.0M | ||
| Q1 24 | — | $16.1M |
| Q4 25 | — | $22.7M | ||
| Q3 25 | $-12.9M | $22.9M | ||
| Q2 25 | $-9.2M | $23.0M | ||
| Q1 25 | $-4.8M | $24.3M | ||
| Q4 24 | $-695.9K | $23.4M | ||
| Q3 24 | $5.1M | $25.5M | ||
| Q2 24 | $9.9M | $26.6M | ||
| Q1 24 | $16.2M | $28.4M |
| Q4 25 | — | $27.8M | ||
| Q3 25 | $56.3M | $28.4M | ||
| Q2 25 | $57.3M | $30.4M | ||
| Q1 25 | $58.4M | $33.5M | ||
| Q4 24 | $60.0M | $33.0M | ||
| Q3 24 | $61.9M | $35.9M | ||
| Q2 24 | $63.6M | $32.9M | ||
| Q1 24 | $70.3M | $33.7M |
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 | $-908.0K |
| 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 | — | $-908.0K | ||
| Q3 25 | $-190.6K | $-533.0K | ||
| Q2 25 | $-2.2M | $-3.3M | ||
| Q1 25 | $-1.4M | $-1.2M | ||
| Q4 24 | $-819.4K | $-770.0K | ||
| Q3 24 | $-3.3M | $-893.0K | ||
| Q2 24 | $-4.2M | $-1.9M | ||
| Q1 24 | $-6.8M | $-658.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $-562.0K | ||
| Q2 25 | — | $-3.4M | ||
| Q1 25 | $-1.4M | — | ||
| Q4 24 | $-951.6K | $-776.0K | ||
| Q3 24 | $-3.7M | $-940.0K | ||
| Q2 24 | $-4.7M | $-2.0M | ||
| Q1 24 | $-7.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -8.1% | ||
| Q2 25 | — | -46.8% | ||
| Q1 25 | -20.3% | — | ||
| Q4 24 | -14.1% | -9.7% | ||
| Q3 24 | -46.1% | -11.9% | ||
| Q2 24 | -86.7% | -23.8% | ||
| Q1 24 | -92.7% | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 2.0% | 0.1% | ||
| Q3 24 | 5.6% | 0.6% | ||
| Q2 24 | 9.4% | 0.7% | ||
| Q1 24 | 7.0% | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRLS
Segment breakdown not available.
MGLD
| Fund Management Related Party | $4.6M | 60% |
| Food Products | $1.7M | 22% |
| Beauty Products | $1.2M | 15% |
| Other | $268.0K | 4% |
