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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and Eightco Holdings Inc. (ORBS). Click either name above to swap in a different company.
Eightco Holdings Inc. is the larger business by last-quarter revenue ($10.2M vs $7.1M, roughly 1.4× Borealis Foods Inc.). Borealis Foods Inc. runs the higher net margin — -53.2% vs -2281.6%, a 2228.4% gap on every dollar of revenue. On growth, Borealis Foods Inc. posted the faster year-over-year revenue change (-12.0% vs -49.9%). Over the past eight quarters, Eightco Holdings Inc.'s revenue compounded faster (13.1% 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.
BRLS vs ORBS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $10.2M |
| Net Profit | $-3.8M | $-232.5M |
| Gross Margin | 14.6% | -13.0% |
| Operating Margin | -27.1% | -475.0% |
| Net Margin | -53.2% | -2281.6% |
| Revenue YoY | -12.0% | -49.9% |
| Net Profit YoY | 21.8% | -9183.3% |
| EPS (diluted) | $-0.18 | $-2.34 |
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 | — | $10.2M | ||
| Q3 25 | $7.1M | $5.3M | ||
| Q2 25 | $7.2M | $7.6M | ||
| Q1 25 | $6.8M | $9.9M | ||
| Q4 24 | $6.8M | $20.3M | ||
| Q3 24 | $8.1M | $6.1M | ||
| Q2 24 | $5.5M | $5.3M | ||
| Q1 24 | $7.9M | $8.0M |
| Q4 25 | — | $-232.5M | ||
| Q3 25 | $-3.8M | $-25.8M | ||
| Q2 25 | $-4.6M | $-1.2M | ||
| Q1 25 | $-4.2M | $-2.5M | ||
| Q4 24 | $-5.8M | $-2.5M | ||
| Q3 24 | $-4.8M | $-3.2M | ||
| Q2 24 | $-6.3M | $4.4M | ||
| Q1 24 | $-8.4M | $1.9M |
| Q4 25 | — | -13.0% | ||
| Q3 25 | 14.6% | -3.7% | ||
| Q2 25 | 7.2% | 16.4% | ||
| Q1 25 | 13.1% | 8.2% | ||
| Q4 24 | 3.7% | 8.2% | ||
| Q3 24 | 15.8% | 26.5% | ||
| Q2 24 | 7.7% | 25.1% | ||
| Q1 24 | 3.1% | 17.5% |
| Q4 25 | — | -475.0% | ||
| Q3 25 | -27.1% | -116.9% | ||
| Q2 25 | -46.7% | -15.9% | ||
| Q1 25 | -42.6% | -14.3% | ||
| Q4 24 | -68.4% | -11.9% | ||
| Q3 24 | -44.8% | -29.1% | ||
| Q2 24 | -94.8% | -16.4% | ||
| Q1 24 | -88.3% | -39.6% |
| Q4 25 | — | -2281.6% | ||
| Q3 25 | -53.2% | -487.6% | ||
| Q2 25 | -64.0% | -15.4% | ||
| Q1 25 | -61.2% | -25.7% | ||
| Q4 24 | -85.3% | -12.3% | ||
| Q3 24 | -59.8% | -52.5% | ||
| Q2 24 | -115.0% | 84.2% | ||
| Q1 24 | -106.8% | 24.4% |
| Q4 25 | — | $-2.34 | ||
| Q3 25 | $-0.18 | $-0.58 | ||
| Q2 25 | $0.21 | $-0.38 | ||
| Q1 25 | $-0.20 | $-0.84 | ||
| Q4 24 | $-0.82 | $-1.44 | ||
| Q3 24 | $-0.23 | $-1.77 | ||
| Q2 24 | $0.29 | $2.15 | ||
| Q1 24 | $-0.49 | $1.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $58.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.9M | $232.6M |
| Total Assets | $56.3M | $250.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $23.7M | ||
| Q2 25 | — | $696.3K | ||
| Q1 25 | — | $434.4K | ||
| Q4 24 | — | $239.2K | ||
| Q3 24 | — | $2.4M | ||
| Q2 24 | — | $363.1K | ||
| Q1 24 | — | $808.8K |
| Q4 25 | — | $232.6M | ||
| Q3 25 | $-12.9M | $339.2M | ||
| Q2 25 | $-9.2M | $8.9M | ||
| Q1 25 | $-4.8M | $9.7M | ||
| Q4 24 | $-695.9K | $11.9M | ||
| Q3 24 | $5.1M | $13.0M | ||
| Q2 24 | $9.9M | $13.8M | ||
| Q1 24 | $16.2M | $3.9M |
| Q4 25 | — | $250.2M | ||
| Q3 25 | $56.3M | $355.5M | ||
| Q2 25 | $57.3M | $48.7M | ||
| Q1 25 | $58.4M | $47.6M | ||
| Q4 24 | $60.0M | $50.8M | ||
| Q3 24 | $61.9M | $49.2M | ||
| Q2 24 | $63.6M | $48.4M | ||
| Q1 24 | $70.3M | $50.2M |
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 | $-11.0M |
| Free Cash FlowOCF − Capex | — | $-11.0M |
| FCF MarginFCF / Revenue | — | -107.7% |
| 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 | — | $-11.0M | ||
| Q3 25 | $-190.6K | $-1.6M | ||
| Q2 25 | $-2.2M | $-659.2K | ||
| Q1 25 | $-1.4M | $999.8K | ||
| Q4 24 | $-819.4K | $-6.6M | ||
| Q3 24 | $-3.3M | $77.7K | ||
| Q2 24 | $-4.2M | $-440.3K | ||
| Q1 24 | $-6.8M | $-723.3K |
| Q4 25 | — | $-11.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-661.3K | ||
| Q1 25 | $-1.4M | $999.7K | ||
| Q4 24 | $-951.6K | $-6.6M | ||
| Q3 24 | $-3.7M | $73.0K | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-7.3M | — |
| Q4 25 | — | -107.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -8.7% | ||
| Q1 25 | -20.3% | 10.1% | ||
| Q4 24 | -14.1% | -32.7% | ||
| Q3 24 | -46.1% | 1.2% | ||
| Q2 24 | -86.7% | — | ||
| Q1 24 | -92.7% | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 2.0% | 0.0% | ||
| Q3 24 | 5.6% | 0.1% | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 7.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.10× | ||
| Q1 24 | — | -0.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
