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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
CBAK Energy Technology, Inc. is the larger business by last-quarter revenue ($58.8M vs $51.6M, roughly 1.1× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -12.5%, a 79.9% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 32.8%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $16.1M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -0.0%).
CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
CBAT vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $51.6M |
| Net Profit | $-7.4M | $34.8M |
| Gross Margin | 7.3% | — |
| Operating Margin | -13.6% | 97.0% |
| Net Margin | -12.5% | 67.3% |
| Revenue YoY | 131.8% | 32.8% |
| Net Profit YoY | -63.6% | 67.0% |
| EPS (diluted) | $-0.08 | $0.90 |
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.
| Q4 25 | $58.8M | $51.6M | ||
| Q3 25 | $60.9M | $49.1M | ||
| Q2 25 | $40.5M | $47.6M | ||
| Q1 25 | $34.9M | $37.5M | ||
| Q4 24 | $25.4M | $38.9M | ||
| Q3 24 | $44.6M | $35.1M | ||
| Q2 24 | $47.8M | $32.4M | ||
| Q1 24 | $58.8M | $29.5M |
| Q4 25 | $-7.4M | $34.8M | ||
| Q3 25 | $2.7M | $25.4M | ||
| Q2 25 | $-3.1M | $26.0M | ||
| Q1 25 | $-1.6M | $18.9M | ||
| Q4 24 | $-4.5M | $20.8M | ||
| Q3 24 | $17.6K | $15.8M | ||
| Q2 24 | $6.4M | $14.8M | ||
| Q1 24 | $9.8M | $17.3M |
| Q4 25 | 7.3% | — | ||
| Q3 25 | 8.0% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | 26.6% | — | ||
| Q1 24 | 31.9% | — |
| Q4 25 | -13.6% | 97.0% | ||
| Q3 25 | -6.6% | 72.1% | ||
| Q2 25 | -8.7% | 71.3% | ||
| Q1 25 | -8.2% | 71.7% | ||
| Q4 24 | -26.0% | 82.5% | ||
| Q3 24 | -1.9% | 60.6% | ||
| Q2 24 | 12.4% | 61.3% | ||
| Q1 24 | 17.4% | 78.8% |
| Q4 25 | -12.5% | 67.3% | ||
| Q3 25 | 4.4% | 51.7% | ||
| Q2 25 | -7.6% | 54.6% | ||
| Q1 25 | -4.5% | 50.4% | ||
| Q4 24 | -17.8% | 53.5% | ||
| Q3 24 | 0.0% | 45.1% | ||
| Q2 24 | 13.5% | 45.6% | ||
| Q1 24 | 16.7% | 58.5% |
| Q4 25 | $-0.08 | $0.90 | ||
| Q3 25 | $0.03 | $0.65 | ||
| Q2 25 | $-0.03 | $0.69 | ||
| Q1 25 | $-0.02 | $0.51 | ||
| Q4 24 | $-0.05 | $0.56 | ||
| Q3 24 | $0.00 | $0.44 | ||
| Q2 24 | $0.07 | $0.42 | ||
| Q1 24 | $0.11 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.3M | $92.1M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $112.7M | $672.5M |
| Total Assets | $426.2M | $7.4B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $92.1M | ||
| Q3 25 | $10.5M | $99.0M | ||
| Q2 25 | $45.7M | $79.6M | ||
| Q1 25 | $9.6M | $51.7M | ||
| Q4 24 | $11.0M | $49.9M | ||
| Q3 24 | $24.2M | $44.1M | ||
| Q2 24 | $44.1M | $47.4M | ||
| Q1 24 | $23.8M | $34.8M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $112.7M | $672.5M | ||
| Q3 25 | $121.4M | $634.3M | ||
| Q2 25 | $118.2M | $597.9M | ||
| Q1 25 | $120.8M | $563.2M | ||
| Q4 24 | $121.7M | $516.9M | ||
| Q3 24 | $131.2M | $484.6M | ||
| Q2 24 | $126.6M | $471.3M | ||
| Q1 24 | $120.9M | $452.9M |
| Q4 25 | $426.2M | $7.4B | ||
| Q3 25 | $363.9M | $7.0B | ||
| Q2 25 | $333.1M | $6.5B | ||
| Q1 25 | $311.5M | $6.0B | ||
| Q4 24 | $302.2M | $5.5B | ||
| Q3 24 | $293.5M | $5.2B | ||
| Q2 24 | $279.6M | $4.9B | ||
| Q1 24 | $286.5M | $4.6B |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.8M | $18.2M |
| Free Cash FlowOCF − Capex | $16.1M | $17.9M |
| FCF MarginFCF / Revenue | 27.3% | 34.6% |
| Capex IntensityCapex / Revenue | 23.4% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $18.2M | ||
| Q3 25 | $14.6M | $11.5M | ||
| Q2 25 | $13.8M | $7.7M | ||
| Q1 25 | $-9.6M | $3.5M | ||
| Q4 24 | $9.6M | $37.8M | ||
| Q3 24 | $19.7M | $-17.6M | ||
| Q2 24 | $2.9M | $11.5M | ||
| Q1 24 | $7.4M | $10.6M |
| Q4 25 | $16.1M | $17.9M | ||
| Q3 25 | $6.0M | $11.4M | ||
| Q2 25 | $4.1M | $7.6M | ||
| Q1 25 | $-22.3M | $3.5M | ||
| Q4 24 | $3.9M | $37.5M | ||
| Q3 24 | $16.5M | $-17.6M | ||
| Q2 24 | $2.5M | $11.4M | ||
| Q1 24 | $-454.0K | $10.5M |
| Q4 25 | 27.3% | 34.6% | ||
| Q3 25 | 9.9% | 23.2% | ||
| Q2 25 | 10.2% | 15.9% | ||
| Q1 25 | -63.9% | 9.2% | ||
| Q4 24 | 15.5% | 96.4% | ||
| Q3 24 | 37.1% | -50.3% | ||
| Q2 24 | 5.2% | 35.1% | ||
| Q1 24 | -0.8% | 35.8% |
| Q4 25 | 23.4% | 0.5% | ||
| Q3 25 | 14.1% | 0.1% | ||
| Q2 25 | 23.8% | 0.2% | ||
| Q1 25 | 36.3% | 0.2% | ||
| Q4 24 | 22.5% | 0.7% | ||
| Q3 24 | 7.0% | 0.2% | ||
| Q2 24 | 0.9% | 0.3% | ||
| Q1 24 | 13.4% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | 5.51× | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 1115.72× | -1.11× | ||
| Q2 24 | 0.46× | 0.78× | ||
| Q1 24 | 0.76× | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
