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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and Navitas Semiconductor Corp (NVTS). Click either name above to swap in a different company.
Navitas Semiconductor Corp is the larger business by last-quarter revenue ($7.3M vs $7.1M, roughly 1.0× Borealis Foods Inc.). Borealis Foods Inc. runs the higher net margin — -53.2% vs -436.1%, a 382.8% gap on every dollar of revenue. On growth, Borealis Foods Inc. posted the faster year-over-year revenue change (-12.0% vs -59.4%). Over the past eight quarters, Borealis Foods Inc.'s revenue compounded faster (-2.4% CAGR vs -43.9%).
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.
Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.
BRLS vs NVTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $7.3M |
| Net Profit | $-3.8M | $-31.8M |
| Gross Margin | 14.6% | 38.1% |
| Operating Margin | -27.1% | -567.3% |
| Net Margin | -53.2% | -436.1% |
| Revenue YoY | -12.0% | -59.4% |
| Net Profit YoY | 21.8% | 20.2% |
| EPS (diluted) | $-0.18 | $-0.14 |
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 | — | $7.3M | ||
| Q3 25 | $7.1M | $10.1M | ||
| Q2 25 | $7.2M | $14.5M | ||
| Q1 25 | $6.8M | $14.0M | ||
| Q4 24 | $6.8M | $18.0M | ||
| Q3 24 | $8.1M | $21.7M | ||
| Q2 24 | $5.5M | $20.5M | ||
| Q1 24 | $7.9M | $23.2M |
| Q4 25 | — | $-31.8M | ||
| Q3 25 | $-3.8M | $-19.2M | ||
| Q2 25 | $-4.6M | $-49.1M | ||
| Q1 25 | $-4.2M | $-16.8M | ||
| Q4 24 | $-5.8M | $-39.9M | ||
| Q3 24 | $-4.8M | $-18.7M | ||
| Q2 24 | $-6.3M | $-22.3M | ||
| Q1 24 | $-8.4M | $-3.7M |
| Q4 25 | — | 38.1% | ||
| Q3 25 | 14.6% | 37.9% | ||
| Q2 25 | 7.2% | 16.1% | ||
| Q1 25 | 13.1% | 37.9% | ||
| Q4 24 | 3.7% | 12.4% | ||
| Q3 24 | 15.8% | 39.7% | ||
| Q2 24 | 7.7% | 39.0% | ||
| Q1 24 | 3.1% | 41.1% |
| Q4 25 | — | -567.3% | ||
| Q3 25 | -27.1% | -192.0% | ||
| Q2 25 | -46.7% | -149.4% | ||
| Q1 25 | -42.6% | -180.5% | ||
| Q4 24 | -68.4% | -216.9% | ||
| Q3 24 | -44.8% | -133.6% | ||
| Q2 24 | -94.8% | -152.1% | ||
| Q1 24 | -88.3% | -136.2% |
| Q4 25 | — | -436.1% | ||
| Q3 25 | -53.2% | -190.2% | ||
| Q2 25 | -64.0% | -338.7% | ||
| Q1 25 | -61.2% | -120.1% | ||
| Q4 24 | -85.3% | -221.7% | ||
| Q3 24 | -59.8% | -86.4% | ||
| Q2 24 | -115.0% | -109.1% | ||
| Q1 24 | -106.8% | -15.9% |
| Q4 25 | — | $-0.14 | ||
| Q3 25 | $-0.18 | $-0.09 | ||
| Q2 25 | $0.21 | $-0.25 | ||
| Q1 25 | $-0.20 | $-0.09 | ||
| Q4 24 | $-0.82 | $-0.22 | ||
| Q3 24 | $-0.23 | $-0.10 | ||
| Q2 24 | $0.29 | $-0.12 | ||
| Q1 24 | $-0.49 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $236.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.9M | $443.7M |
| Total Assets | $56.3M | $500.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $236.9M | ||
| Q3 25 | — | $150.6M | ||
| Q2 25 | — | $161.2M | ||
| Q1 25 | — | $75.1M | ||
| Q4 24 | — | $86.7M | ||
| Q3 24 | — | $98.3M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $128.9M |
| Q4 25 | — | $443.7M | ||
| Q3 25 | $-12.9M | $371.0M | ||
| Q2 25 | $-9.2M | $388.9M | ||
| Q1 25 | $-4.8M | $341.8M | ||
| Q4 24 | $-695.9K | $348.0M | ||
| Q3 24 | $5.1M | $380.8M | ||
| Q2 24 | $9.9M | $388.1M | ||
| Q1 24 | $16.2M | $397.9M |
| Q4 25 | — | $500.5M | ||
| Q3 25 | $56.3M | $430.2M | ||
| Q2 25 | $57.3M | $449.4M | ||
| Q1 25 | $58.4M | $370.8M | ||
| Q4 24 | $60.0M | $390.0M | ||
| Q3 24 | $61.9M | $419.4M | ||
| Q2 24 | $63.6M | $439.1M | ||
| Q1 24 | $70.3M | $467.9M |
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 | $-8.1M |
| Free Cash FlowOCF − Capex | — | $-8.2M |
| FCF MarginFCF / Revenue | — | -111.8% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-44.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-8.1M | ||
| Q3 25 | $-190.6K | $-10.0M | ||
| Q2 25 | $-2.2M | $-11.2M | ||
| Q1 25 | $-1.4M | $-13.5M | ||
| Q4 24 | $-819.4K | $-10.2M | ||
| Q3 24 | $-3.3M | $-13.7M | ||
| Q2 24 | $-4.2M | $-15.1M | ||
| Q1 24 | $-6.8M | $-19.8M |
| Q4 25 | — | $-8.2M | ||
| Q3 25 | — | $-10.7M | ||
| Q2 25 | — | $-11.9M | ||
| Q1 25 | $-1.4M | $-13.6M | ||
| Q4 24 | $-951.6K | $-10.8M | ||
| Q3 24 | $-3.7M | $-14.3M | ||
| Q2 24 | $-4.7M | $-17.9M | ||
| Q1 24 | $-7.3M | $-22.7M |
| Q4 25 | — | -111.8% | ||
| Q3 25 | — | -106.1% | ||
| Q2 25 | — | -82.2% | ||
| Q1 25 | -20.3% | -96.8% | ||
| Q4 24 | -14.1% | -59.8% | ||
| Q3 24 | -46.1% | -65.9% | ||
| Q2 24 | -86.7% | -87.3% | ||
| Q1 24 | -92.7% | -97.9% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | 0.2% | 0.3% | ||
| Q4 24 | 2.0% | 3.1% | ||
| Q3 24 | 5.6% | 2.6% | ||
| Q2 24 | 9.4% | 13.4% | ||
| Q1 24 | 7.0% | 12.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
