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

BIT ORIGIN Ltd is the larger business by last-quarter revenue ($2.9M vs $2.6M, roughly 1.1× Moolec Science SA). Moolec Science SA runs the higher net margin — -91.8% vs -244.4%, a 152.5% 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.

Moolec Science SA is a global agricultural biotechnology and food technology company specializing in molecular farming. It uses engineered crop platforms to produce sustainable, cost-competitive animal-derived proteins for use in alternative meat, dairy products and food ingredients, serving food manufacturers, agribusinesses and consumer goods brands across North America, Europe and Latin America.

BTOG vs MLEC — Head-to-Head

Bigger by revenue
BTOG
BTOG
1.1× larger
BTOG
$2.9M
$2.6M
MLEC
Higher net margin
MLEC
MLEC
152.5% more per $
MLEC
-91.8%
-244.4%
BTOG

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
BTOG
BTOG
MLEC
MLEC
Revenue
$2.9M
$2.6M
Net Profit
$-7.1M
$-2.4M
Gross Margin
-25.5%
Operating Margin
-233.8%
-77.9%
Net Margin
-244.4%
-91.8%
Revenue YoY
Net Profit YoY
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
MLEC
MLEC
Q4 24
$2.6M
Q4 23
$2.9M
Q3 23
$1.7M
Net Profit
BTOG
BTOG
MLEC
MLEC
Q4 24
$-2.4M
Q4 23
$-7.1M
Q3 23
$-1.6M
Gross Margin
BTOG
BTOG
MLEC
MLEC
Q4 24
-25.5%
Q4 23
Q3 23
12.7%
Operating Margin
BTOG
BTOG
MLEC
MLEC
Q4 24
-77.9%
Q4 23
-233.8%
Q3 23
-130.3%
Net Margin
BTOG
BTOG
MLEC
MLEC
Q4 24
-91.8%
Q4 23
-244.4%
Q3 23
-91.4%
EPS (diluted)
BTOG
BTOG
MLEC
MLEC
Q4 24
$-0.06
Q4 23
$-1.99
Q3 23
$-0.04

Balance Sheet & Financial Strength

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

Metric
BTOG
BTOG
MLEC
MLEC
Cash + ST InvestmentsLiquidity on hand
$6.9M
$1.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.0M
$2.8M
Total Assets
$13.5M
$31.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTOG
BTOG
MLEC
MLEC
Q4 24
$1.9M
Q4 23
$6.9M
Q3 23
$853.6K
Stockholders' Equity
BTOG
BTOG
MLEC
MLEC
Q4 24
$2.8M
Q4 23
$9.0M
Q3 23
$8.9M
Total Assets
BTOG
BTOG
MLEC
MLEC
Q4 24
$31.4M
Q4 23
$13.5M
Q3 23
$22.5M

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
MLEC
MLEC
Operating Cash FlowLast quarter
$-4.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTOG
BTOG
MLEC
MLEC
Q4 24
Q4 23
$-4.6M
Q3 23
$-1.7M
Free Cash Flow
BTOG
BTOG
MLEC
MLEC
Q4 24
Q4 23
Q3 23
$-1.8M
FCF Margin
BTOG
BTOG
MLEC
MLEC
Q4 24
Q4 23
Q3 23
-106.2%
Capex Intensity
BTOG
BTOG
MLEC
MLEC
Q4 24
4.4%
Q4 23
Q3 23
6.0%

Financial Flow Comparison

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

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