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Side-by-side financial comparison of Clipper Realty Inc. (CLPR) and Xtant Medical Holdings, Inc. (XTNT). Click either name above to swap in a different company.

Clipper Realty Inc. is the larger business by last-quarter revenue ($37.1M vs $32.4M, roughly 1.1× Xtant Medical Holdings, Inc.). Xtant Medical Holdings, Inc. runs the higher net margin — 0.2% vs -30.4%, a 30.6% gap on every dollar of revenue. On growth, Xtant Medical Holdings, Inc. posted the faster year-over-year revenue change (2.7% vs -2.6%). Over the past eight quarters, Xtant Medical Holdings, Inc.'s revenue compounded faster (7.7% CAGR vs 1.8%).

Clipper Equity LLC is a partnership led by David Bistricer and Sam Levinson. The firm owns more than 60 buildings, with thousands of residential units, in New York and New Jersey. The partnership are known for their attempted purchase of the Starrett City housing complex in Brooklyn, New York, for $1.3 billion on February 8, 2007, in one of the largest real estate transactions in history. New York's Mayor Michael Bloomberg expressed concerns over the new landlord's history of building violati...

Xtant Medical Holdings, Inc. is a global medical technology company that develops, manufactures and markets orthobiologic products, neurosurgery devices, and regenerative medicine solutions for orthopedic and neurological care providers. It serves patients and medical institutions across North America, Europe and the Asia-Pacific, with core segments covering spinal surgery supplies and bone regeneration products.

CLPR vs XTNT — Head-to-Head

Bigger by revenue
CLPR
CLPR
1.1× larger
CLPR
$37.1M
$32.4M
XTNT
Growing faster (revenue YoY)
XTNT
XTNT
+5.2% gap
XTNT
2.7%
-2.6%
CLPR
Higher net margin
XTNT
XTNT
30.6% more per $
XTNT
0.2%
-30.4%
CLPR
Faster 2-yr revenue CAGR
XTNT
XTNT
Annualised
XTNT
7.7%
1.8%
CLPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLPR
CLPR
XTNT
XTNT
Revenue
$37.1M
$32.4M
Net Profit
$-11.3M
$57.0K
Gross Margin
-5.2%
54.9%
Operating Margin
21.8%
-2.9%
Net Margin
-30.4%
0.2%
Revenue YoY
-2.6%
2.7%
Net Profit YoY
-938.6%
101.8%
EPS (diluted)
$0.00

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
CLPR
CLPR
XTNT
XTNT
Q4 25
$37.1M
$32.4M
Q3 25
$37.7M
$33.3M
Q2 25
$39.0M
$35.4M
Q1 25
$39.4M
$32.9M
Q4 24
$38.0M
$31.5M
Q3 24
$37.6M
$27.9M
Q2 24
$37.3M
$29.9M
Q1 24
$35.8M
$27.9M
Net Profit
CLPR
CLPR
XTNT
XTNT
Q4 25
$-11.3M
$57.0K
Q3 25
$-4.6M
$1.3M
Q2 25
$-1.4M
$3.5M
Q1 25
$-35.1M
$58.0K
Q4 24
$-1.1M
$-3.2M
Q3 24
$-1.1M
$-5.0M
Q2 24
$-1.7M
$-3.9M
Q1 24
$-2.7M
$-4.4M
Gross Margin
CLPR
CLPR
XTNT
XTNT
Q4 25
-5.2%
54.9%
Q3 25
23.6%
66.1%
Q2 25
27.8%
68.6%
Q1 25
-34.5%
61.5%
Q4 24
28.8%
50.9%
Q3 24
28.6%
58.4%
Q2 24
26.8%
62.1%
Q1 24
25.4%
62.1%
Operating Margin
CLPR
CLPR
XTNT
XTNT
Q4 25
21.8%
-2.9%
Q3 25
23.6%
7.6%
Q2 25
27.7%
13.1%
Q1 25
-59.9%
3.2%
Q4 24
28.1%
-6.0%
Q3 24
28.6%
-13.5%
Q2 24
26.8%
-9.8%
Q1 24
25.4%
-12.4%
Net Margin
CLPR
CLPR
XTNT
XTNT
Q4 25
-30.4%
0.2%
Q3 25
-12.2%
3.9%
Q2 25
-3.5%
10.0%
Q1 25
-89.1%
0.2%
Q4 24
-2.9%
-10.0%
Q3 24
-2.9%
-18.0%
Q2 24
-4.7%
-12.9%
Q1 24
-7.5%
-15.8%
EPS (diluted)
CLPR
CLPR
XTNT
XTNT
Q4 25
$0.00
Q3 25
$0.01
Q2 25
$0.02
Q1 25
$0.00
Q4 24
$-0.02
Q3 24
$-0.04
Q2 24
$-0.03
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
CLPR
CLPR
XTNT
XTNT
Cash + ST InvestmentsLiquidity on hand
$30.8M
$17.1M
Total DebtLower is stronger
$11.0M
Stockholders' EquityBook value
$-30.7M
$51.0M
Total Assets
$1.2B
$94.1M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLPR
CLPR
XTNT
XTNT
Q4 25
$30.8M
$17.1M
Q3 25
$26.1M
$10.4M
Q2 25
$32.0M
$6.9M
Q1 25
$21.3M
$5.0M
Q4 24
$19.9M
$6.2M
Q3 24
$18.6M
$6.6M
Q2 24
$20.3M
$5.4M
Q1 24
$21.9M
$4.5M
Total Debt
CLPR
CLPR
XTNT
XTNT
Q4 25
$11.0M
Q3 25
$17.4M
Q2 25
$22.3M
Q1 25
$1.3B
$22.2M
Q4 24
$1.3B
$22.0M
Q3 24
$1.3B
$19.1M
Q2 24
$1.2B
$21.8M
Q1 24
$1.2B
$16.8M
Stockholders' Equity
CLPR
CLPR
XTNT
XTNT
Q4 25
$-30.7M
$51.0M
Q3 25
$-25.0M
$50.4M
Q2 25
$-21.9M
$48.5M
Q1 25
$-20.1M
$43.9M
Q4 24
$-5.4M
$43.0M
Q3 24
$-3.6M
$45.7M
Q2 24
$-1.8M
$45.0M
Q1 24
$279.0K
$47.7M
Total Assets
CLPR
CLPR
XTNT
XTNT
Q4 25
$1.2B
$94.1M
Q3 25
$1.2B
$106.3M
Q2 25
$1.2B
$103.5M
Q1 25
$1.3B
$95.8M
Q4 24
$1.3B
$93.8M
Q3 24
$1.3B
$98.9M
Q2 24
$1.3B
$95.6M
Q1 24
$1.3B
$93.9M
Debt / Equity
CLPR
CLPR
XTNT
XTNT
Q4 25
0.22×
Q3 25
0.35×
Q2 25
0.46×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
0.42×
Q2 24
0.48×
Q1 24
4396.73×
0.35×

Cash Flow & Capital Efficiency

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

Metric
CLPR
CLPR
XTNT
XTNT
Operating Cash FlowLast quarter
$22.6M
$5.4M
Free Cash FlowOCF − Capex
$5.0M
FCF MarginFCF / Revenue
15.4%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
94.39×
TTM Free Cash FlowTrailing 4 quarters
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLPR
CLPR
XTNT
XTNT
Q4 25
$22.6M
$5.4M
Q3 25
$1.4M
$4.6M
Q2 25
$8.4M
$1.3M
Q1 25
$6.7M
$1.3M
Q4 24
$31.9M
$665.0K
Q3 24
$6.3M
$-1.7M
Q2 24
$8.8M
$-5.1M
Q1 24
$6.3M
$-5.8M
Free Cash Flow
CLPR
CLPR
XTNT
XTNT
Q4 25
$5.0M
Q3 25
$4.2M
Q2 25
$910.0K
Q1 25
$-4.6M
$87.0K
Q4 24
$-37.9M
$-7.0K
Q3 24
$-3.8M
Q2 24
$-5.7M
Q1 24
$-14.7M
$-6.5M
FCF Margin
CLPR
CLPR
XTNT
XTNT
Q4 25
15.4%
Q3 25
12.6%
Q2 25
2.6%
Q1 25
-11.7%
0.3%
Q4 24
-99.5%
-0.0%
Q3 24
-13.7%
Q2 24
-18.9%
Q1 24
-41.1%
-23.4%
Capex Intensity
CLPR
CLPR
XTNT
XTNT
Q4 25
1.2%
Q3 25
1.3%
Q2 25
1.0%
Q1 25
28.6%
3.6%
Q4 24
183.3%
2.1%
Q3 24
7.5%
Q2 24
1.9%
Q1 24
58.6%
2.8%
Cash Conversion
CLPR
CLPR
XTNT
XTNT
Q4 25
94.39×
Q3 25
3.53×
Q2 25
0.36×
Q1 25
22.03×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLPR
CLPR

Residential Segment$30.8M83%
Commercial Real Estate$6.2M17%

XTNT
XTNT

Orthobiologics$18.3M57%
Spinal Implant$9.4M29%
License Revenue$4.6M14%

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