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Side-by-side financial comparison of ETHZilla Corp (ETHZ) and Token Cat Ltd (TC). Click either name above to swap in a different company.
ETHZilla Corp is the larger business by last-quarter revenue ($4.1M vs $2.8M, roughly 1.5× Token Cat Ltd). Token Cat Ltd runs the higher net margin — -3.4% vs -5273.3%, a 5269.9% gap on every dollar of revenue.
ETHZ vs TC — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $2.8M |
| Net Profit | $-216.7M | $-93.0K |
| Gross Margin | — | 79.0% |
| Operating Margin | -5364.6% | -206.9% |
| Net Margin | -5273.3% | -3.4% |
| Revenue YoY | — | -37.9% |
| Net Profit YoY | -25803.8% | 98.3% |
| EPS (diluted) | $-16.80 | — |
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.
| Q3 25 | $4.1M | — | ||
| Q2 25 | — | $2.8M | ||
| Q3 24 | $0 | — | ||
| Q2 24 | — | $4.4M | ||
| Q3 23 | $0 | — | ||
| Q2 23 | — | $12.7M | ||
| Q3 22 | $-1.5K | — | ||
| Q2 22 | — | $13.3M |
| Q3 25 | $-216.7M | — | ||
| Q2 25 | — | $-93.0K | ||
| Q3 24 | $-836.7K | — | ||
| Q2 24 | — | $-5.6M | ||
| Q3 23 | $-10.3M | — | ||
| Q2 23 | — | $-4.2M | ||
| Q3 22 | $-21.5M | — | ||
| Q2 22 | — | $-8.4M |
| Q3 25 | — | — | ||
| Q2 25 | — | 79.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 69.2% | ||
| Q3 23 | — | — | ||
| Q2 23 | — | 63.4% | ||
| Q3 22 | — | — | ||
| Q2 22 | — | 81.0% |
| Q3 25 | -5364.6% | — | ||
| Q2 25 | — | -206.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -146.9% | ||
| Q3 23 | — | — | ||
| Q2 23 | — | -59.9% | ||
| Q3 22 | 264007.3% | — | ||
| Q2 22 | — | -49.6% |
| Q3 25 | -5273.3% | — | ||
| Q2 25 | — | -3.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -125.9% | ||
| Q3 23 | — | — | ||
| Q2 23 | — | -33.3% | ||
| Q3 22 | 1398891.8% | — | ||
| Q2 22 | — | -62.9% |
| Q3 25 | $-16.80 | — | ||
| Q2 25 | — | — | ||
| Q3 24 | $-5.43 | — | ||
| Q2 24 | — | — | ||
| Q3 23 | $-24.53 | — | ||
| Q2 23 | — | — | ||
| Q3 22 | $-10.97 | — | ||
| Q2 22 | — | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $62.1M | $150.0K |
| Total DebtLower is stronger | — | $1.4M |
| Stockholders' EquityBook value | $445.1M | $4.6M |
| Total Assets | $1.0B | $28.4M |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $62.1M | — | ||
| Q2 25 | — | $150.0K | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $689.0K | ||
| Q3 23 | — | — | ||
| Q2 23 | — | $3.0M | ||
| Q3 22 | — | — | ||
| Q2 22 | — | $4.8M |
| Q3 25 | — | — | ||
| Q2 25 | — | $1.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.8M | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | $445.1M | — | ||
| Q2 25 | — | $4.6M | ||
| Q3 24 | $3.7M | — | ||
| Q2 24 | — | $-787.0K | ||
| Q3 23 | $-149.3K | — | ||
| Q2 23 | — | $9.1M | ||
| Q3 22 | $26.1M | — | ||
| Q2 22 | — | $21.4M |
| Q3 25 | $1.0B | — | ||
| Q2 25 | — | $28.4M | ||
| Q3 24 | $10.5M | — | ||
| Q2 24 | — | $12.5M | ||
| Q3 23 | $5.0M | — | ||
| Q2 23 | — | $25.1M | ||
| Q3 22 | $34.3M | — | ||
| Q2 22 | — | $40.6M |
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — |
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 | $-16.4M | $-23.7M |
| Free Cash FlowOCF − Capex | $-259.9M | — |
| FCF MarginFCF / Revenue | -6323.7% | — |
| Capex IntensityCapex / Revenue | 5923.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-16.4M | — | ||
| Q2 25 | — | $-23.7M | ||
| Q3 24 | $-239.9K | — | ||
| Q2 24 | — | $-1.5M | ||
| Q3 23 | $-1.8M | — | ||
| Q2 23 | — | $-7.2M | ||
| Q3 22 | $-3.6M | — | ||
| Q2 22 | — | $-8.3M |
| Q3 25 | $-259.9M | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-1.5M | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | $-8.3M |
| Q3 25 | -6323.7% | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -34.4% | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | -62.2% |
| Q3 25 | 5923.8% | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.0% | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q3 22 | — | — | ||
| Q2 22 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
