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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and Zepp Health Corp (ZEPP). Click either name above to swap in a different company.

Zepp Health Corp is the larger business by last-quarter revenue ($10.5M vs $7.1M, roughly 1.5× Borealis Foods Inc.). Zepp Health Corp runs the higher net margin — -2.1% vs -53.2%, a 51.1% gap on every dollar of revenue. Over the past eight quarters, Borealis Foods Inc.'s revenue compounded faster (-2.4% CAGR vs -7.9%).

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.

Zepp Health Corp is a global digital health and smart wearable technology company. It develops and sells fitness trackers, smartwatches, and AI-powered health monitoring tools, serving individual consumers, sports teams, and healthcare providers across Asia, North America, and Europe, with core focus on wellness tracking and remote health management solutions.

BRLS vs ZEPP — Head-to-Head

Bigger by revenue
ZEPP
ZEPP
1.5× larger
ZEPP
$10.5M
$7.1M
BRLS
Higher net margin
ZEPP
ZEPP
51.1% more per $
ZEPP
-2.1%
-53.2%
BRLS
Faster 2-yr revenue CAGR
BRLS
BRLS
Annualised
BRLS
-2.4%
-7.9%
ZEPP

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BRLS
BRLS
ZEPP
ZEPP
Revenue
$7.1M
$10.5M
Net Profit
$-3.8M
$-223.0K
Gross Margin
14.6%
38.2%
Operating Margin
-27.1%
-1.2%
Net Margin
-53.2%
-2.1%
Revenue YoY
-12.0%
Net Profit YoY
21.8%
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.

Revenue
BRLS
BRLS
ZEPP
ZEPP
Q3 25
$7.1M
$10.5M
Q2 25
$7.2M
$8.2M
Q1 25
$6.8M
$5.3M
Q4 24
$6.8M
Q3 24
$8.1M
$5.9M
Q2 24
$5.5M
$5.6M
Q1 24
$7.9M
$5.5M
Q4 23
$7.5M
Net Profit
BRLS
BRLS
ZEPP
ZEPP
Q3 25
$-3.8M
$-223.0K
Q2 25
$-4.6M
$-1.1M
Q1 25
$-4.2M
$-2.7M
Q4 24
$-5.8M
Q3 24
$-4.8M
$-1.8M
Q2 24
$-6.3M
$-1.5M
Q1 24
$-8.4M
$-2.0M
Q4 23
$-6.7M
Gross Margin
BRLS
BRLS
ZEPP
ZEPP
Q3 25
14.6%
38.2%
Q2 25
7.2%
36.2%
Q1 25
13.1%
37.3%
Q4 24
3.7%
Q3 24
15.8%
40.6%
Q2 24
7.7%
40.3%
Q1 24
3.1%
36.8%
Q4 23
7.5%
Operating Margin
BRLS
BRLS
ZEPP
ZEPP
Q3 25
-27.1%
-1.2%
Q2 25
-46.7%
-10.3%
Q1 25
-42.6%
-47.7%
Q4 24
-68.4%
Q3 24
-44.8%
-29.5%
Q2 24
-94.8%
-24.3%
Q1 24
-88.3%
-39.6%
Q4 23
-60.5%
Net Margin
BRLS
BRLS
ZEPP
ZEPP
Q3 25
-53.2%
-2.1%
Q2 25
-64.0%
-13.0%
Q1 25
-61.2%
-51.2%
Q4 24
-85.3%
Q3 24
-59.8%
-31.2%
Q2 24
-115.0%
-26.7%
Q1 24
-106.8%
-36.8%
Q4 23
-89.3%
EPS (diluted)
BRLS
BRLS
ZEPP
ZEPP
Q3 25
$-0.18
$-0.01
Q2 25
$0.21
$-0.07
Q1 25
$-0.20
$-0.17
Q4 24
$-0.82
Q3 24
$-0.23
$-0.01
Q2 24
$0.29
$-0.01
Q1 24
$-0.49
$-0.01
Q4 23
$-0.63

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRLS
BRLS
ZEPP
ZEPP
Cash + ST InvestmentsLiquidity on hand
$8.7M
Total DebtLower is stronger
$9.6M
Stockholders' EquityBook value
$-12.9M
$31.2M
Total Assets
$56.3M
$80.9M
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRLS
BRLS
ZEPP
ZEPP
Q3 25
$8.7M
Q2 25
$7.8M
Q1 25
$10.7M
Q4 24
Q3 24
$16.4M
Q2 24
$17.0M
Q1 24
$17.9M
Q4 23
Total Debt
BRLS
BRLS
ZEPP
ZEPP
Q3 25
$9.6M
Q2 25
$9.7M
Q1 25
$9.6M
Q4 24
Q3 24
$5.7M
Q2 24
$7.3M
Q1 24
$11.2M
Q4 23
Stockholders' Equity
BRLS
BRLS
ZEPP
ZEPP
Q3 25
$-12.9M
$31.2M
Q2 25
$-9.2M
$31.1M
Q1 25
$-4.8M
Q4 24
$-695.9K
Q3 24
$5.1M
Q2 24
$9.9M
$44.6M
Q1 24
$16.2M
Q4 23
$-21.3M
Total Assets
BRLS
BRLS
ZEPP
ZEPP
Q3 25
$56.3M
$80.9M
Q2 25
$57.3M
$75.8M
Q1 25
$58.4M
$71.6M
Q4 24
$60.0M
Q3 24
$61.9M
$81.3M
Q2 24
$63.6M
$79.7M
Q1 24
$70.3M
$80.5M
Q4 23
$65.8M
Debt / Equity
BRLS
BRLS
ZEPP
ZEPP
Q3 25
0.31×
Q2 25
0.31×
Q1 25
Q4 24
Q3 24
Q2 24
0.16×
Q1 24
Q4 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRLS
BRLS
ZEPP
ZEPP
Operating Cash FlowLast quarter
$-190.6K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRLS
BRLS
ZEPP
ZEPP
Q3 25
$-190.6K
Q2 25
$-2.2M
Q1 25
$-1.4M
Q4 24
$-819.4K
Q3 24
$-3.3M
Q2 24
$-4.2M
Q1 24
$-6.8M
Q4 23
$-1.9M
Free Cash Flow
BRLS
BRLS
ZEPP
ZEPP
Q3 25
Q2 25
Q1 25
$-1.4M
Q4 24
$-951.6K
Q3 24
$-3.7M
Q2 24
$-4.7M
Q1 24
$-7.3M
Q4 23
$-2.9M
FCF Margin
BRLS
BRLS
ZEPP
ZEPP
Q3 25
Q2 25
Q1 25
-20.3%
Q4 24
-14.1%
Q3 24
-46.1%
Q2 24
-86.7%
Q1 24
-92.7%
Q4 23
-38.9%
Capex Intensity
BRLS
BRLS
ZEPP
ZEPP
Q3 25
Q2 25
Q1 25
0.2%
Q4 24
2.0%
Q3 24
5.6%
Q2 24
9.4%
Q1 24
7.0%
Q4 23
12.7%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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