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

MediWound Ltd. is the larger business by last-quarter revenue ($5.7M vs $2.9M, roughly 2.0× BIT ORIGIN Ltd). MediWound Ltd. runs the higher net margin — -233.3% vs -244.4%, a 11.0% 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.

MediWound Ltd. is a biopharmaceutical company specializing in the research, development, production and commercialization of innovative products for burn care, chronic wound treatment and soft tissue repair. It operates mainly across North America, Europe and Asia, serving hospitals, healthcare providers and patients in the wound care segment.

BTOG vs MDWD — Head-to-Head

Bigger by revenue
MDWD
MDWD
2.0× larger
MDWD
$5.7M
$2.9M
BTOG
Higher net margin
MDWD
MDWD
11.0% more per $
MDWD
-233.3%
-244.4%
BTOG

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
BTOG
BTOG
MDWD
MDWD
Revenue
$2.9M
$5.7M
Net Profit
$-7.1M
$-13.3M
Gross Margin
23.5%
Operating Margin
-233.8%
-100.1%
Net Margin
-244.4%
-233.3%
Revenue YoY
12.7%
Net Profit YoY
-111.2%
EPS (diluted)
$-1.99
$-1.23

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
MDWD
MDWD
Q2 25
$5.7M
Q2 24
$5.1M
Q4 23
$2.9M
Q2 23
$4.8M
Q2 22
$4.7M
Net Profit
BTOG
BTOG
MDWD
MDWD
Q2 25
$-13.3M
Q2 24
$-6.3M
Q4 23
$-7.1M
Q2 23
$916.0K
Q2 22
$-4.4M
Gross Margin
BTOG
BTOG
MDWD
MDWD
Q2 25
23.5%
Q2 24
8.8%
Q4 23
Q2 23
23.8%
Q2 22
23.8%
Operating Margin
BTOG
BTOG
MDWD
MDWD
Q2 25
-100.1%
Q2 24
-88.6%
Q4 23
-233.8%
Q2 23
-84.0%
Q2 22
-78.7%
Net Margin
BTOG
BTOG
MDWD
MDWD
Q2 25
-233.3%
Q2 24
-124.5%
Q4 23
-244.4%
Q2 23
19.2%
Q2 22
-93.3%
EPS (diluted)
BTOG
BTOG
MDWD
MDWD
Q2 25
$-1.23
Q2 24
$-0.68
Q4 23
$-1.99
Q2 23
$0.10
Q2 22
$-0.92

Balance Sheet & Financial Strength

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

Metric
BTOG
BTOG
MDWD
MDWD
Cash + ST InvestmentsLiquidity on hand
$6.9M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.0M
$20.1M
Total Assets
$13.5M
$67.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTOG
BTOG
MDWD
MDWD
Q2 25
$1.1M
Q2 24
$3.8M
Q4 23
$6.9M
Q2 23
$19.2M
Q2 22
$7.7M
Stockholders' Equity
BTOG
BTOG
MDWD
MDWD
Q2 25
$20.1M
Q2 24
$17.9M
Q4 23
$9.0M
Q2 23
$34.9M
Q2 22
$-2.2M
Total Assets
BTOG
BTOG
MDWD
MDWD
Q2 25
$67.0M
Q2 24
$57.3M
Q4 23
$13.5M
Q2 23
$64.4M
Q2 22
$21.1M

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
MDWD
MDWD
Operating Cash FlowLast quarter
$-4.6M
$-5.8M
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
MDWD
MDWD
Q2 25
$-5.8M
Q2 24
$-3.6M
Q4 23
$-4.6M
Q2 23
$-5.3M
Q2 22
$-5.3M
Cash Conversion
BTOG
BTOG
MDWD
MDWD
Q2 25
Q2 24
Q4 23
Q2 23
-5.73×
Q2 22

Financial Flow Comparison

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

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