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

BIT ORIGIN Ltd is the larger business by last-quarter revenue ($2.9M vs $2.9M, roughly 1.0× KOSS CORP). KOSS CORP 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.

Koss Corporation is a company in Milwaukee, Wisconsin, US that manufactures headphones. The company created the first high-fidelity stereo headphones in 1958.

BTOG vs KOSS — Head-to-Head

Bigger by revenue
BTOG
BTOG
1.0× larger
BTOG
$2.9M
$2.9M
KOSS
Higher net margin
KOSS
KOSS
224.6% more per $
KOSS
-19.8%
-244.4%
BTOG

Income Statement — Q2 FY2024 vs Q2 FY2026

Metric
BTOG
BTOG
KOSS
KOSS
Revenue
$2.9M
$2.9M
Net Profit
$-7.1M
$-565.4K
Gross Margin
29.0%
Operating Margin
-233.8%
-35.5%
Net Margin
-244.4%
-19.8%
Revenue YoY
-19.6%
Net Profit YoY
-700.6%
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
KOSS
KOSS
Q4 25
$2.9M
Q3 25
$4.1M
Q2 25
$3.1M
Q1 25
$2.8M
Q4 24
$3.6M
Q3 24
$3.2M
Q2 24
$2.9M
Q1 24
$2.6M
Net Profit
BTOG
BTOG
KOSS
KOSS
Q4 25
$-565.4K
Q3 25
$243.7K
Q2 25
$-232.7K
Q1 25
$-316.7K
Q4 24
$94.1K
Q3 24
$-419.5K
Q2 24
$-110.4K
Q1 24
$-313.8K
Gross Margin
BTOG
BTOG
KOSS
KOSS
Q4 25
29.0%
Q3 25
40.0%
Q2 25
36.0%
Q1 25
39.0%
Q4 24
39.5%
Q3 24
36.6%
Q2 24
40.4%
Q1 24
31.9%
Operating Margin
BTOG
BTOG
KOSS
KOSS
Q4 25
-35.5%
Q3 25
-1.1%
Q2 25
-14.2%
Q1 25
-18.7%
Q4 24
-4.0%
Q3 24
-19.9%
Q2 24
-11.0%
Q1 24
-23.1%
Net Margin
BTOG
BTOG
KOSS
KOSS
Q4 25
-19.8%
Q3 25
6.0%
Q2 25
-7.5%
Q1 25
-11.4%
Q4 24
2.6%
Q3 24
-13.1%
Q2 24
-3.8%
Q1 24
-11.9%
EPS (diluted)
BTOG
BTOG
KOSS
KOSS
Q4 25
$-0.06
Q3 25
$0.03
Q2 25
$-0.02
Q1 25
$-0.03
Q4 24
$0.01
Q3 24
$-0.05
Q2 24
$-0.01
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
BTOG
BTOG
KOSS
KOSS
Cash + ST InvestmentsLiquidity on hand
$6.9M
$15.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.0M
$30.3M
Total Assets
$13.5M
$36.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTOG
BTOG
KOSS
KOSS
Q4 25
$15.5M
Q3 25
$16.5M
Q2 25
$15.7M
Q1 25
$13.0M
Q4 24
$9.7M
Q3 24
$11.9M
Q2 24
$14.9M
Q1 24
$9.9M
Stockholders' Equity
BTOG
BTOG
KOSS
KOSS
Q4 25
$30.3M
Q3 25
$30.9M
Q2 25
$30.6M
Q1 25
$30.7M
Q4 24
$31.0M
Q3 24
$30.8M
Q2 24
$31.1M
Q1 24
$31.1M
Total Assets
BTOG
BTOG
KOSS
KOSS
Q4 25
$36.8M
Q3 25
$37.7M
Q2 25
$37.2M
Q1 25
$37.3M
Q4 24
$37.4M
Q3 24
$38.1M
Q2 24
$37.2M
Q1 24
$37.6M

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
KOSS
KOSS
Operating Cash FlowLast quarter
$-4.6M
$-760.8K
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-37.5%
Capex IntensityCapex / Revenue
10.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-546.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTOG
BTOG
KOSS
KOSS
Q4 25
$-760.8K
Q3 25
$762.6K
Q2 25
$-534.9K
Q1 25
$370.4K
Q4 24
$-252.0K
Q3 24
$201.6K
Q2 24
$-174.0K
Q1 24
$328.6K
Free Cash Flow
BTOG
BTOG
KOSS
KOSS
Q4 25
$-1.1M
Q3 25
$761.5K
Q2 25
$-541.8K
Q1 25
$306.2K
Q4 24
$-314.3K
Q3 24
$-155.6K
Q2 24
$-174.8K
Q1 24
$269.3K
FCF Margin
BTOG
BTOG
KOSS
KOSS
Q4 25
-37.5%
Q3 25
18.7%
Q2 25
-17.6%
Q1 25
11.0%
Q4 24
-8.8%
Q3 24
-4.9%
Q2 24
-6.0%
Q1 24
10.2%
Capex Intensity
BTOG
BTOG
KOSS
KOSS
Q4 25
10.9%
Q3 25
0.0%
Q2 25
0.2%
Q1 25
2.3%
Q4 24
1.8%
Q3 24
11.2%
Q2 24
0.0%
Q1 24
2.3%
Cash Conversion
BTOG
BTOG
KOSS
KOSS
Q4 25
Q3 25
3.13×
Q2 25
Q1 25
Q4 24
-2.68×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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