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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and Satellogic Inc. (SATL). Click either name above to swap in a different company.
Borealis Foods Inc. is the larger business by last-quarter revenue ($7.1M vs $6.2M, roughly 1.1× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs -53.2%, a 541.2% 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.
Satellogic Inc. is an American company specializing in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte.
BRLS vs SATL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $6.2M |
| Net Profit | $-3.8M | $30.5M |
| Gross Margin | 14.6% | — |
| Operating Margin | -27.1% | -114.2% |
| Net Margin | -53.2% | 488.0% |
| Revenue YoY | -12.0% | — |
| Net Profit YoY | 21.8% | — |
| EPS (diluted) | $-0.18 | $0.24 |
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 | — | $6.2M | ||
| Q3 25 | $7.1M | $3.6M | ||
| Q2 25 | $7.2M | $4.4M | ||
| Q1 25 | $6.8M | $3.4M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $8.1M | — | ||
| Q2 24 | $5.5M | $3.5M | ||
| Q1 24 | $7.9M | — |
| Q4 25 | — | $30.5M | ||
| Q3 25 | $-3.8M | $4.0M | ||
| Q2 25 | $-4.6M | $-6.7M | ||
| Q1 25 | $-4.2M | $-32.6M | ||
| Q4 24 | $-5.8M | — | ||
| Q3 24 | $-4.8M | — | ||
| Q2 24 | $-6.3M | $-18.1M | ||
| Q1 24 | $-8.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 13.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 15.8% | — | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | — | -114.2% | ||
| Q3 25 | -27.1% | -222.5% | ||
| Q2 25 | -46.7% | -141.6% | ||
| Q1 25 | -42.6% | -280.9% | ||
| Q4 24 | -68.4% | — | ||
| Q3 24 | -44.8% | — | ||
| Q2 24 | -94.8% | -419.2% | ||
| Q1 24 | -88.3% | — |
| Q4 25 | — | 488.0% | ||
| Q3 25 | -53.2% | 109.2% | ||
| Q2 25 | -64.0% | -149.8% | ||
| Q1 25 | -61.2% | -961.9% | ||
| Q4 24 | -85.3% | — | ||
| Q3 24 | -59.8% | — | ||
| Q2 24 | -115.0% | -517.0% | ||
| Q1 24 | -106.8% | — |
| Q4 25 | — | $0.24 | ||
| Q3 25 | $-0.18 | $-0.02 | ||
| Q2 25 | $0.21 | $-0.06 | ||
| Q1 25 | $-0.20 | $-0.34 | ||
| Q4 24 | $-0.82 | — | ||
| Q3 24 | $-0.23 | — | ||
| Q2 24 | $0.29 | $-0.20 | ||
| Q1 24 | $-0.49 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $94.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.9M | $60.5M |
| Total Assets | $56.3M | $151.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $94.4M | ||
| Q3 25 | — | $28.3M | ||
| Q2 25 | — | $32.6M | ||
| Q1 25 | — | $17.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $25.6M | ||
| Q1 24 | — | — |
| Q4 25 | — | $60.5M | ||
| Q3 25 | $-12.9M | $-56.9M | ||
| Q2 25 | $-9.2M | $-68.1M | ||
| Q1 25 | $-4.8M | $-83.1M | ||
| Q4 24 | $-695.9K | — | ||
| Q3 24 | $5.1M | — | ||
| Q2 24 | $9.9M | $19.1M | ||
| Q1 24 | $16.2M | — |
| Q4 25 | — | $151.3M | ||
| Q3 25 | $56.3M | $70.9M | ||
| Q2 25 | $57.3M | $73.8M | ||
| Q1 25 | $58.4M | $61.4M | ||
| Q4 24 | $60.0M | — | ||
| Q3 24 | $61.9M | — | ||
| Q2 24 | $63.6M | $76.6M | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-190.6K | $-9.5M |
| Free Cash FlowOCF − Capex | — | $-12.8M |
| FCF MarginFCF / Revenue | — | -204.9% |
| Capex IntensityCapex / Revenue | — | 53.6% |
| Cash ConversionOCF / Net Profit | — | -0.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-9.5M | ||
| Q3 25 | $-190.6K | $-8.4M | ||
| Q2 25 | $-2.2M | $-4.3M | ||
| Q1 25 | $-1.4M | $-4.7M | ||
| Q4 24 | $-819.4K | — | ||
| Q3 24 | $-3.3M | — | ||
| Q2 24 | $-4.2M | — | ||
| Q1 24 | $-6.8M | — |
| Q4 25 | — | $-12.8M | ||
| Q3 25 | — | $-9.7M | ||
| Q2 25 | — | $-5.1M | ||
| Q1 25 | $-1.4M | $-6.6M | ||
| Q4 24 | $-951.6K | — | ||
| Q3 24 | $-3.7M | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-7.3M | — |
| Q4 25 | — | -204.9% | ||
| Q3 25 | — | -267.2% | ||
| Q2 25 | — | -115.3% | ||
| Q1 25 | -20.3% | -195.9% | ||
| Q4 24 | -14.1% | — | ||
| Q3 24 | -46.1% | — | ||
| Q2 24 | -86.7% | — | ||
| Q1 24 | -92.7% | — |
| Q4 25 | — | 53.6% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | 0.2% | 56.5% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 7.0% | — |
| Q4 25 | — | -0.31× | ||
| Q3 25 | — | -2.11× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRLS
Segment breakdown not available.
SATL
| Transferred At Point In Time | $5.7M | 91% |
| Other | $547.0K | 9% |
