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Side-by-side financial comparison of ENERGY FOCUS, INC (EFOI) 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 $975.0K, roughly 1.4× ENERGY FOCUS, INC). On growth, ENERGY FOCUS, INC posted the faster year-over-year revenue change (-23.7% vs -26.4%). Over the past eight quarters, ENERGY FOCUS, INC's revenue compounded faster (8.2% CAGR vs -15.7%).

NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation. NRG serves over 7 million retail cust...

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.

EFOI vs FATE — Head-to-Head

Bigger by revenue
FATE
FATE
1.4× larger
FATE
$1.4M
$975.0K
EFOI
Growing faster (revenue YoY)
EFOI
EFOI
+2.7% gap
EFOI
-23.7%
-26.4%
FATE
Faster 2-yr revenue CAGR
EFOI
EFOI
Annualised
EFOI
8.2%
-15.7%
FATE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFOI
EFOI
FATE
FATE
Revenue
$975.0K
$1.4M
Net Profit
$-356.0K
Gross Margin
18.9%
Operating Margin
-36.6%
Net Margin
-36.5%
Revenue YoY
-23.7%
-26.4%
Net Profit YoY
-21.1%
37.9%
EPS (diluted)

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
EFOI
EFOI
FATE
FATE
Q4 25
$975.0K
$1.4M
Q3 25
$826.0K
$1.7M
Q2 25
$1.1M
$1.9M
Q1 25
$616.0K
$1.6M
Q4 24
$1.3M
$1.9M
Q3 24
$1.2M
$3.1M
Q2 24
$1.6M
$6.8M
Q1 24
$833.0K
$1.9M
Net Profit
EFOI
EFOI
FATE
FATE
Q4 25
$-356.0K
Q3 25
$-172.0K
$-32.3M
Q2 25
$-231.0K
$-34.1M
Q1 25
$-268.0K
$-37.6M
Q4 24
$-294.0K
Q3 24
$-316.0K
$-47.7M
Q2 24
$-554.0K
$-38.4M
Q1 24
$-418.0K
$-48.0M
Gross Margin
EFOI
EFOI
FATE
FATE
Q4 25
18.9%
Q3 25
17.8%
Q2 25
12.9%
Q1 25
31.5%
Q4 24
20.7%
Q3 24
15.7%
Q2 24
8.1%
Q1 24
14.4%
Operating Margin
EFOI
EFOI
FATE
FATE
Q4 25
-36.6%
Q3 25
-21.2%
-1995.1%
Q2 25
-19.6%
-1938.5%
Q1 25
-43.5%
-2534.1%
Q4 24
-22.5%
Q3 24
-33.3%
-1703.9%
Q2 24
-35.9%
-665.7%
Q1 24
-71.9%
-2652.9%
Net Margin
EFOI
EFOI
FATE
FATE
Q4 25
-36.5%
Q3 25
-20.8%
-1852.4%
Q2 25
-20.2%
-1786.6%
Q1 25
-43.5%
-2309.5%
Q4 24
-23.0%
Q3 24
-26.4%
-1551.0%
Q2 24
-35.7%
-567.4%
Q1 24
-50.2%
-2493.7%
EPS (diluted)
EFOI
EFOI
FATE
FATE
Q4 25
Q3 25
$-0.03
$-0.27
Q2 25
$-0.04
$-0.29
Q1 25
$-0.32
Q4 24
Q3 24
$-0.06
$-0.40
Q2 24
$-0.12
$-0.33
Q1 24
$-0.47

Balance Sheet & Financial Strength

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

Metric
EFOI
EFOI
FATE
FATE
Cash + ST InvestmentsLiquidity on hand
$1.1M
$203.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1M
$207.2M
Total Assets
$5.1M
$318.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFOI
EFOI
FATE
FATE
Q4 25
$1.1M
$203.7M
Q3 25
$897.0K
$215.4M
Q2 25
$499.0K
$222.8M
Q1 25
$488.0K
$240.4M
Q4 24
$565.0K
$279.1M
Q3 24
$819.0K
$296.9M
Q2 24
$1.1M
$304.9M
Q1 24
$972.0K
$121.3M
Stockholders' Equity
EFOI
EFOI
FATE
FATE
Q4 25
$4.1M
$207.2M
Q3 25
$3.1M
$234.1M
Q2 25
$2.8M
$261.4M
Q1 25
$2.8M
$288.4M
Q4 24
$2.9M
$318.7M
Q3 24
$3.2M
$362.3M
Q2 24
$3.5M
$397.0M
Q1 24
$3.2M
$426.1M
Total Assets
EFOI
EFOI
FATE
FATE
Q4 25
$5.1M
$318.9M
Q3 25
$5.2M
$343.7M
Q2 25
$4.8M
$371.6M
Q1 25
$5.4M
$398.7M
Q4 24
$5.6M
$440.7M
Q3 24
$6.4M
$495.0M
Q2 24
$7.1M
$528.8M
Q1 24
$7.4M
$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
EFOI
EFOI
FATE
FATE
Operating Cash FlowLast quarter
$-862.0K
$-106.1M
Free Cash FlowOCF − Capex
$-112.0M
FCF MarginFCF / Revenue
-8183.9%
Capex IntensityCapex / Revenue
0.0%
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
EFOI
EFOI
FATE
FATE
Q4 25
$-862.0K
$-106.1M
Q3 25
$-55.0K
$-24.4M
Q2 25
$-215.0K
$-24.6M
Q1 25
$-272.0K
$-33.8M
Q4 24
$-254.0K
$-122.9M
Q3 24
$-267.0K
$-29.4M
Q2 24
$-718.0K
$-32.3M
Q1 24
$-58.0K
$-33.4M
Free Cash Flow
EFOI
EFOI
FATE
FATE
Q4 25
$-112.0M
Q3 25
$-104.0K
$-26.6M
Q2 25
$-25.9M
Q1 25
$-277.0K
$-35.0M
Q4 24
$-123.6M
Q3 24
$-286.0K
$-29.9M
Q2 24
$-32.4M
Q1 24
$-33.4M
FCF Margin
EFOI
EFOI
FATE
FATE
Q4 25
-8183.9%
Q3 25
-12.6%
-1526.5%
Q2 25
-1360.7%
Q1 25
-45.0%
-2148.9%
Q4 24
-6645.4%
Q3 24
-23.9%
-973.1%
Q2 24
-477.8%
Q1 24
-1736.9%
Capex Intensity
EFOI
EFOI
FATE
FATE
Q4 25
0.0%
434.8%
Q3 25
5.9%
126.5%
Q2 25
0.0%
71.4%
Q1 25
0.8%
73.4%
Q4 24
0.0%
39.2%
Q3 24
1.6%
16.1%
Q2 24
0.0%
0.8%
Q1 24
0.0%
4.5%

Financial Flow Comparison

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

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