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Side-by-side financial comparison of Clean Energy Technologies, Inc. (CETY) and FATE THERAPEUTICS INC (FATE). Click either name above to swap in a different company.

FATE THERAPEUTICS INC is the larger business by last-quarter revenue ($1.4M vs $773.6K, roughly 1.8× Clean Energy Technologies, Inc.). On growth, Clean Energy Technologies, Inc. posted the faster year-over-year revenue change (228.9% vs -26.4%). Over the past eight quarters, Clean Energy Technologies, Inc.'s revenue compounded faster (18.4% CAGR vs -15.7%).

Bloom Energy is an American public company that designs and manufactures solid oxide fuel cells (SOFCs) which independently produce electricity onsite for power generation in data centers, manufacturing, and other commercial sectors. Founded in 2001 and headquartered in San Jose, California; its fuel cell technology generates electricity through a chemical conversion process, which differs from most other power sources reliant on combustion, and can use natural gas, biogas or hydrogen as fuel...

Insys Therapeutics was an American specialty pharmaceutical company based in Chandler, Arizona in 1990. Its main product was Subsys, a sublingual liquid form of the drug fentanyl. Fentanyl is an extremely fast-acting and powerful opioid used to relieve breakthrough pain in cancer patients, and prescription of fentanyl in the US for such pain usually requires documented failure of more conservative therapies.

CETY vs FATE — Head-to-Head

Bigger by revenue
FATE
FATE
1.8× larger
FATE
$1.4M
$773.6K
CETY
Growing faster (revenue YoY)
CETY
CETY
+255.3% gap
CETY
228.9%
-26.4%
FATE
Faster 2-yr revenue CAGR
CETY
CETY
Annualised
CETY
18.4%
-15.7%
FATE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CETY
CETY
FATE
FATE
Revenue
$773.6K
$1.4M
Net Profit
$-2.1M
Gross Margin
23.7%
Operating Margin
-172.6%
Net Margin
-271.8%
Revenue YoY
228.9%
-26.4%
Net Profit YoY
-61.8%
37.9%
EPS (diluted)
$-0.47

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
CETY
CETY
FATE
FATE
Q4 25
$1.4M
Q3 25
$773.6K
$1.7M
Q2 25
$1.9M
Q1 25
$791.9K
$1.6M
Q4 24
$480.3K
$1.9M
Q3 24
$3.1M
Q2 24
$6.8M
Q1 24
$1.5M
$1.9M
Net Profit
CETY
CETY
FATE
FATE
Q4 25
Q3 25
$-2.1M
$-32.3M
Q2 25
$-34.1M
Q1 25
$-331.2K
$-37.6M
Q4 24
$-865.6K
Q3 24
$-47.7M
Q2 24
$-38.4M
Q1 24
$-1.4M
$-48.0M
Gross Margin
CETY
CETY
FATE
FATE
Q4 25
Q3 25
23.7%
Q2 25
Q1 25
92.0%
Q4 24
42.7%
Q3 24
Q2 24
Q1 24
16.7%
Operating Margin
CETY
CETY
FATE
FATE
Q4 25
Q3 25
-172.6%
-1995.1%
Q2 25
-1938.5%
Q1 25
-12.1%
-2534.1%
Q4 24
-116.3%
Q3 24
-1703.9%
Q2 24
-665.7%
Q1 24
-54.3%
-2652.9%
Net Margin
CETY
CETY
FATE
FATE
Q4 25
Q3 25
-271.8%
-1852.4%
Q2 25
-1786.6%
Q1 25
-41.8%
-2309.5%
Q4 24
-180.2%
Q3 24
-1551.0%
Q2 24
-567.4%
Q1 24
-93.8%
-2493.7%
EPS (diluted)
CETY
CETY
FATE
FATE
Q4 25
Q3 25
$-0.47
$-0.27
Q2 25
$-0.29
Q1 25
$-0.01
$-0.32
Q4 24
$0.40
Q3 24
$-0.40
Q2 24
$-0.33
Q1 24
$-0.04
$-0.47

Balance Sheet & Financial Strength

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

Metric
CETY
CETY
FATE
FATE
Cash + ST InvestmentsLiquidity on hand
$234.9K
$203.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.1M
$207.2M
Total Assets
$14.8M
$318.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CETY
CETY
FATE
FATE
Q4 25
$203.7M
Q3 25
$234.9K
$215.4M
Q2 25
$222.8M
Q1 25
$240.4M
Q4 24
$62.1K
$279.1M
Q3 24
$296.9M
Q2 24
$304.9M
Q1 24
$121.3M
Stockholders' Equity
CETY
CETY
FATE
FATE
Q4 25
$207.2M
Q3 25
$7.1M
$234.1M
Q2 25
$261.4M
Q1 25
$3.0M
$288.4M
Q4 24
$2.9M
$318.7M
Q3 24
$362.3M
Q2 24
$397.0M
Q1 24
$4.4M
$426.1M
Total Assets
CETY
CETY
FATE
FATE
Q4 25
$318.9M
Q3 25
$14.8M
$343.7M
Q2 25
$371.6M
Q1 25
$10.1M
$398.7M
Q4 24
$9.5M
$440.7M
Q3 24
$495.0M
Q2 24
$528.8M
Q1 24
$9.0M
$569.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CETY
CETY
FATE
FATE
Operating Cash FlowLast quarter
$-4.7M
$-106.1M
Free Cash FlowOCF − Capex
$-112.0M
FCF MarginFCF / Revenue
-8183.9%
Capex IntensityCapex / Revenue
434.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-199.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CETY
CETY
FATE
FATE
Q4 25
$-106.1M
Q3 25
$-4.7M
$-24.4M
Q2 25
$-24.6M
Q1 25
$-776.0K
$-33.8M
Q4 24
$-772.3K
$-122.9M
Q3 24
$-29.4M
Q2 24
$-32.3M
Q1 24
$-871.6K
$-33.4M
Free Cash Flow
CETY
CETY
FATE
FATE
Q4 25
$-112.0M
Q3 25
$-26.6M
Q2 25
$-25.9M
Q1 25
$-35.0M
Q4 24
$-123.6M
Q3 24
$-29.9M
Q2 24
$-32.4M
Q1 24
$-33.4M
FCF Margin
CETY
CETY
FATE
FATE
Q4 25
-8183.9%
Q3 25
-1526.5%
Q2 25
-1360.7%
Q1 25
-2148.9%
Q4 24
-6645.4%
Q3 24
-973.1%
Q2 24
-477.8%
Q1 24
-1736.9%
Capex Intensity
CETY
CETY
FATE
FATE
Q4 25
434.8%
Q3 25
126.5%
Q2 25
71.4%
Q1 25
73.4%
Q4 24
39.2%
Q3 24
16.1%
Q2 24
0.8%
Q1 24
4.5%

Financial Flow Comparison

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

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