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Side-by-side financial comparison of BIT ORIGIN Ltd (BTOG) and INNSUITES HOSPITALITY TRUST (IHT). Click either name above to swap in a different company.

BIT ORIGIN Ltd is the larger business by last-quarter revenue ($2.9M vs $1.8M, roughly 1.6× INNSUITES HOSPITALITY TRUST). INNSUITES HOSPITALITY TRUST runs the higher net margin — -19.8% vs -244.4%, a 224.6% 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.

InnSuites Hospitality Trust, based in Phoenix, Arizona, is a real estate investment trust that invests in lodging. While it is formed as a real estate investment trust, it is not classified as a real estate investment trust for tax purposes. The company owns interests in two hotels, operates three hotels, provides management for three hotels, and licenses its InnSuites trademark for five hotels. The company's hotel ownership interests are a 51.01% interest in the Best Western InnSuites Tucson...

BTOG vs IHT — Head-to-Head

Bigger by revenue
BTOG
BTOG
1.6× larger
BTOG
$2.9M
$1.8M
IHT
Higher net margin
IHT
IHT
224.6% more per $
IHT
-19.8%
-244.4%
BTOG

Income Statement — Q2 FY2024 vs Q3 FY2026

Metric
BTOG
BTOG
IHT
IHT
Revenue
$2.9M
$1.8M
Net Profit
$-7.1M
$-356.9K
Gross Margin
Operating Margin
-233.8%
-10.0%
Net Margin
-244.4%
-19.8%
Revenue YoY
-1.1%
Net Profit YoY
-29.1%
EPS (diluted)
$-1.99
$-0.04

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
IHT
IHT
Q4 25
$1.8M
Q3 25
$1.8M
Q2 25
$2.2M
Q1 25
$1.6M
Q4 24
$1.8M
Q3 24
$1.8M
Q2 24
$7.5M
Q1 24
$1.7M
Net Profit
BTOG
BTOG
IHT
IHT
Q4 25
$-356.9K
Q3 25
$-391.2K
Q2 25
$-121.0K
Q1 25
$-595.2K
Q4 24
$-276.4K
Q3 24
$-370.9K
Q2 24
$-148.6K
Q1 24
$-113.0K
Operating Margin
BTOG
BTOG
IHT
IHT
Q4 25
-10.0%
Q3 25
-13.3%
Q2 25
10.1%
Q1 25
-30.9%
Q4 24
-7.1%
Q3 24
-15.5%
Q2 24
2.4%
Q1 24
-35.3%
Net Margin
BTOG
BTOG
IHT
IHT
Q4 25
-19.8%
Q3 25
-21.7%
Q2 25
-5.5%
Q1 25
-36.4%
Q4 24
-15.1%
Q3 24
-20.2%
Q2 24
-2.0%
Q1 24
-6.5%
EPS (diluted)
BTOG
BTOG
IHT
IHT
Q4 25
$-0.04
Q3 25
$-0.04
Q2 25
$-0.01
Q1 25
$-0.07
Q4 24
$-0.03
Q3 24
$-0.04
Q2 24
$-0.02
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
BTOG
BTOG
IHT
IHT
Cash + ST InvestmentsLiquidity on hand
$6.9M
Total DebtLower is stronger
$11.3M
Stockholders' EquityBook value
$9.0M
$3.6M
Total Assets
$13.5M
$13.9M
Debt / EquityLower = less leverage
3.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTOG
BTOG
IHT
IHT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.3M
Total Debt
BTOG
BTOG
IHT
IHT
Q4 25
$11.3M
Q3 25
$11.2M
Q2 25
$10.5M
Q1 25
$10.7M
Q4 24
$10.3M
Q3 24
$10.0M
Q2 24
$9.7M
Q1 24
$9.7M
Stockholders' Equity
BTOG
BTOG
IHT
IHT
Q4 25
$3.6M
Q3 25
$4.0M
Q2 25
$4.4M
Q1 25
$4.6M
Q4 24
$5.2M
Q3 24
$5.5M
Q2 24
$6.0M
Q1 24
$6.2M
Total Assets
BTOG
BTOG
IHT
IHT
Q4 25
$13.9M
Q3 25
$14.2M
Q2 25
$14.0M
Q1 25
$14.2M
Q4 24
$15.0M
Q3 24
$15.1M
Q2 24
$15.3M
Q1 24
$15.7M
Debt / Equity
BTOG
BTOG
IHT
IHT
Q4 25
3.12×
Q3 25
2.82×
Q2 25
2.37×
Q1 25
2.34×
Q4 24
1.98×
Q3 24
1.81×
Q2 24
1.61×
Q1 24
1.58×

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
IHT
IHT
Operating Cash FlowLast quarter
$-4.6M
$-145.1K
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
BTOG
BTOG
IHT
IHT
Q4 25
$-145.1K
Q3 25
$-153.0K
Q2 25
$279.8K
Q1 25
$-1.1M
Q4 24
$-146.7K
Q3 24
$-44.6K
Q2 24
$-459.4K
Q1 24
$1.4M

Financial Flow Comparison

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

Revenue Breakdown by Segment

BTOG
BTOG

Segment breakdown not available.

IHT
IHT

Room$1.7M96%
Other$74.1K4%

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