vs
Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and zSpace, Inc. (ZSPC). Click either name above to swap in a different company.
Borealis Foods Inc. is the larger business by last-quarter revenue ($7.1M vs $4.8M, roughly 1.5× zSpace, Inc.). Borealis Foods Inc. runs the higher net margin — -53.2% vs -150.3%, a 97.1% 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.
zSpace, Inc. is an American technology firm based in San Jose, California that delivers virtual and augmented reality experiences in STEM, CTE, and career readiness programs from a computer. zSpace mostly provides AR/VR technology to the education market, allowing teachers and learners to interact with simulated objects in virtual environments.
BRLS vs ZSPC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $4.8M |
| Net Profit | $-3.8M | $-7.3M |
| Gross Margin | 14.6% | 49.1% |
| Operating Margin | -27.1% | -116.2% |
| Net Margin | -53.2% | -150.3% |
| Revenue YoY | -12.0% | — |
| Net Profit YoY | 21.8% | — |
| EPS (diluted) | $-0.18 | $-0.22 |
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 | — | $4.8M | ||
| Q3 25 | $7.1M | $8.8M | ||
| Q2 25 | $7.2M | $7.5M | ||
| Q1 25 | $6.8M | $6.8M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $8.1M | — | ||
| Q2 24 | $5.5M | — | ||
| Q1 24 | $7.9M | — |
| Q4 25 | — | $-7.3M | ||
| Q3 25 | $-3.8M | $-6.2M | ||
| Q2 25 | $-4.6M | $-6.1M | ||
| Q1 25 | $-4.2M | $-5.8M | ||
| Q4 24 | $-5.8M | — | ||
| Q3 24 | $-4.8M | — | ||
| Q2 24 | $-6.3M | — | ||
| Q1 24 | $-8.4M | — |
| Q4 25 | — | 49.1% | ||
| Q3 25 | 14.6% | 51.2% | ||
| Q2 25 | 7.2% | 42.6% | ||
| Q1 25 | 13.1% | 47.4% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 15.8% | — | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | — | -116.2% | ||
| Q3 25 | -27.1% | -54.5% | ||
| Q2 25 | -46.7% | -84.9% | ||
| Q1 25 | -42.6% | -79.7% | ||
| Q4 24 | -68.4% | — | ||
| Q3 24 | -44.8% | — | ||
| Q2 24 | -94.8% | — | ||
| Q1 24 | -88.3% | — |
| Q4 25 | — | -150.3% | ||
| Q3 25 | -53.2% | -70.2% | ||
| Q2 25 | -64.0% | -81.8% | ||
| Q1 25 | -61.2% | -86.3% | ||
| Q4 24 | -85.3% | — | ||
| Q3 24 | -59.8% | — | ||
| Q2 24 | -115.0% | — | ||
| Q1 24 | -106.8% | — |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | $-0.18 | $-0.26 | ||
| Q2 25 | $0.21 | $-0.27 | ||
| Q1 25 | $-0.20 | $-0.26 | ||
| Q4 24 | $-0.82 | — | ||
| Q3 24 | $-0.23 | — | ||
| Q2 24 | $0.29 | — | ||
| 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 | — | — |
| Total DebtLower is stronger | — | $17.7M |
| Stockholders' EquityBook value | $-12.9M | $-22.5M |
| Total Assets | $56.3M | $7.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $17.7M | ||
| Q3 25 | — | $18.7M | ||
| Q2 25 | — | $18.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $-12.9M | $-19.7M | ||
| Q2 25 | $-9.2M | $-22.3M | ||
| Q1 25 | $-4.8M | $-19.6M | ||
| Q4 24 | $-695.9K | — | ||
| Q3 24 | $5.1M | — | ||
| Q2 24 | $9.9M | — | ||
| Q1 24 | $16.2M | — |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $56.3M | $13.5M | ||
| Q2 25 | $57.3M | $12.1M | ||
| Q1 25 | $58.4M | $9.8M | ||
| Q4 24 | $60.0M | — | ||
| Q3 24 | $61.9M | — | ||
| Q2 24 | $63.6M | — | ||
| 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 | $-3.9M |
| 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.
| Q4 25 | — | $-3.9M | ||
| Q3 25 | $-190.6K | $-2.5M | ||
| Q2 25 | $-2.2M | $-6.9M | ||
| Q1 25 | $-1.4M | $-4.6M | ||
| Q4 24 | $-819.4K | — | ||
| Q3 24 | $-3.3M | — | ||
| Q2 24 | $-4.2M | — | ||
| Q1 24 | $-6.8M | — |
| Q4 25 | — | — | ||
| 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 25 | — | — | ||
| 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 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 7.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRLS
Segment breakdown not available.
ZSPC
| Transferred At Point In Time | $4.6M | 94% |
| Other | $287.0K | 6% |
