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Side-by-side financial comparison of BIT ORIGIN Ltd (BTOG) and ClearSign Technologies Corp (CLIR). Click either name above to swap in a different company.

ClearSign Technologies Corp is the larger business by last-quarter revenue ($3.7M vs $2.9M, roughly 1.3× BIT ORIGIN Ltd). ClearSign Technologies Corp runs the higher net margin — -8.5% vs -244.4%, a 235.9% gap on every dollar of revenue.

Origin Systems, Inc. was an American video game developer based in Austin, Texas. It was founded on March 3, 1983, by Richard Garriott and his brother Robert. Origin is best known for their groundbreaking work in multiple genres of video games, such as the Ultima and Wing Commander series. The company was purchased by Electronic Arts in 1992.

ClearSign Technologies Corporation (ClearSign) is a United States-based company that develops emission-control technology.

BTOG vs CLIR — Head-to-Head

Bigger by revenue
CLIR
CLIR
1.3× larger
CLIR
$3.7M
$2.9M
BTOG
Higher net margin
CLIR
CLIR
235.9% more per $
CLIR
-8.5%
-244.4%
BTOG

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
BTOG
BTOG
CLIR
CLIR
Revenue
$2.9M
$3.7M
Net Profit
$-7.1M
$-311.0K
Gross Margin
21.9%
Operating Margin
-233.8%
-22.5%
Net Margin
-244.4%
-8.5%
Revenue YoY
522.2%
Net Profit YoY
73.3%
EPS (diluted)
$-1.99
$-0.06

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
BTOG
BTOG
CLIR
CLIR
Q4 25
$3.7M
Q3 25
$1.0M
Q2 25
$133.0K
Q1 25
$401.0K
Q4 24
$590.0K
Q3 24
$1.9M
Q2 24
$45.0K
Q1 24
$1.1M
Net Profit
BTOG
BTOG
CLIR
CLIR
Q4 25
$-311.0K
Q3 25
$-1.4M
Q2 25
$-1.7M
Q1 25
$-2.1M
Q4 24
$-1.2M
Q3 24
$-1.2M
Q2 24
$-1.9M
Q1 24
$-1.1M
Gross Margin
BTOG
BTOG
CLIR
CLIR
Q4 25
21.9%
Q3 25
35.8%
Q2 25
41.4%
Q1 25
48.9%
Q4 24
14.9%
Q3 24
29.6%
Q2 24
93.3%
Q1 24
39.7%
Operating Margin
BTOG
BTOG
CLIR
CLIR
Q4 25
-22.5%
Q3 25
-170.1%
Q2 25
-1382.0%
Q1 25
-562.8%
Q4 24
-282.4%
Q3 24
-77.1%
Q2 24
-4748.9%
Q1 24
-113.6%
Net Margin
BTOG
BTOG
CLIR
CLIR
Q4 25
-8.5%
Q3 25
-138.9%
Q2 25
-1263.2%
Q1 25
-517.7%
Q4 24
-197.3%
Q3 24
-62.1%
Q2 24
-4160.0%
Q1 24
-100.5%
EPS (diluted)
BTOG
BTOG
CLIR
CLIR
Q4 25
$-0.06
Q3 25
$-0.26
Q2 25
$-0.30
Q1 25
$-0.37
Q4 24
$-0.18
Q3 24
$-0.20
Q2 24
$-0.40
Q1 24
$-0.30

Balance Sheet & Financial Strength

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

Metric
BTOG
BTOG
CLIR
CLIR
Cash + ST InvestmentsLiquidity on hand
$6.9M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.0M
$9.5M
Total Assets
$13.5M
$12.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTOG
BTOG
CLIR
CLIR
Q4 25
$9.2M
Q3 25
$10.5M
Q2 25
$12.3M
Q1 25
$12.9M
Q4 24
$14.0M
Q3 24
$14.5M
Q2 24
$16.0M
Q1 24
$4.6M
Stockholders' Equity
BTOG
BTOG
CLIR
CLIR
Q4 25
$9.5M
Q3 25
$9.1M
Q2 25
$10.4M
Q1 25
$12.0M
Q4 24
$13.8M
Q3 24
$14.8M
Q2 24
$15.9M
Q1 24
$4.5M
Total Assets
BTOG
BTOG
CLIR
CLIR
Q4 25
$12.2M
Q3 25
$12.7M
Q2 25
$14.2M
Q1 25
$14.5M
Q4 24
$16.3M
Q3 24
$17.1M
Q2 24
$17.8M
Q1 24
$6.6M

Cash Flow & Capital Efficiency

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

Metric
BTOG
BTOG
CLIR
CLIR
Operating Cash FlowLast quarter
$-4.6M
$-1.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTOG
BTOG
CLIR
CLIR
Q4 25
$-1.3M
Q3 25
$-1.8M
Q2 25
$-511.0K
Q1 25
$-1.1M
Q4 24
$-415.0K
Q3 24
$-1.4M
Q2 24
$-1.5M
Q1 24
$-1.0M
Free Cash Flow
BTOG
BTOG
CLIR
CLIR
Q4 25
Q3 25
Q2 25
Q1 25
$-1.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BTOG
BTOG
CLIR
CLIR
Q4 25
Q3 25
Q2 25
Q1 25
-278.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BTOG
BTOG
CLIR
CLIR
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24

Financial Flow Comparison

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

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