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Side-by-side financial comparison of First Foundation Inc. (FFWM) and Inspired Entertainment, Inc. (INSE). Click either name above to swap in a different company.

Inspired Entertainment, Inc. is the larger business by last-quarter revenue ($77.2M vs $48.4M, roughly 1.6× First Foundation Inc.). Inspired Entertainment, Inc. runs the higher net margin — -9.3% vs -97.9%, a 88.5% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -6.8%). Inspired Entertainment, Inc. produced more free cash flow last quarter ($-9.9M vs $-35.2M). Over the past eight quarters, Inspired Entertainment, Inc.'s revenue compounded faster (11.3% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

Alchemy Copyrights, LLC, doing business as Concord, is an independent American entertainment company. It develops, manages and acquires sound recordings, music publishing rights, theatrical performance rights, and narrative content for film and television. Concord is majority owned by the State of Michigan Retirement System.

FFWM vs INSE — Head-to-Head

Bigger by revenue
INSE
INSE
1.6× larger
INSE
$77.2M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+428.4% gap
FFWM
421.7%
-6.8%
INSE
Higher net margin
INSE
INSE
88.5% more per $
INSE
-9.3%
-97.9%
FFWM
More free cash flow
INSE
INSE
$25.3M more FCF
INSE
$-9.9M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
INSE
INSE
Annualised
INSE
11.3%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
INSE
INSE
Revenue
$48.4M
$77.2M
Net Profit
$-8.0M
$-7.2M
Gross Margin
Operating Margin
-97.5%
14.6%
Net Margin
-97.9%
-9.3%
Revenue YoY
421.7%
-6.8%
Net Profit YoY
43.0%
-110.7%
EPS (diluted)
$-0.09
$-0.24

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
FFWM
FFWM
INSE
INSE
Q4 25
$48.4M
$77.2M
Q3 25
$63.6M
$86.2M
Q2 25
$51.4M
$80.3M
Q1 25
$71.4M
$60.4M
Q4 24
$9.3M
$82.8M
Q3 24
$9.2M
$77.2M
Q2 24
$57.5M
$74.8M
Q1 24
$51.1M
$62.3M
Net Profit
FFWM
FFWM
INSE
INSE
Q4 25
$-8.0M
$-7.2M
Q3 25
$-146.3M
$-1.9M
Q2 25
$-7.7M
$-7.8M
Q1 25
$6.9M
$-100.0K
Q4 24
$-14.1M
$67.0M
Q3 24
$-82.2M
$2.8M
Q2 24
$3.1M
$1.4M
Q1 24
$793.0K
$-6.4M
Gross Margin
FFWM
FFWM
INSE
INSE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
74.5%
Operating Margin
FFWM
FFWM
INSE
INSE
Q4 25
-97.5%
14.6%
Q3 25
-92.7%
11.3%
Q2 25
-21.1%
9.8%
Q1 25
8.8%
2.6%
Q4 24
-247.7%
15.6%
Q3 24
-1276.7%
14.5%
Q2 24
4.6%
11.6%
Q1 24
-0.2%
-3.4%
Net Margin
FFWM
FFWM
INSE
INSE
Q4 25
-97.9%
-9.3%
Q3 25
-230.1%
-2.2%
Q2 25
-15.0%
-9.7%
Q1 25
9.7%
-0.2%
Q4 24
-152.2%
80.9%
Q3 24
-896.9%
3.6%
Q2 24
5.4%
1.9%
Q1 24
1.6%
-10.3%
EPS (diluted)
FFWM
FFWM
INSE
INSE
Q4 25
$-0.09
$-0.24
Q3 25
$-1.78
$-0.07
Q2 25
$-0.09
$-0.27
Q1 25
$0.08
$0.00
Q4 24
$-0.24
$2.29
Q3 24
$-1.23
$0.10
Q2 24
$0.05
$0.05
Q1 24
$0.01
$-0.22

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
INSE
INSE
Cash + ST InvestmentsLiquidity on hand
$1.6B
Total DebtLower is stronger
$363.2M
Stockholders' EquityBook value
$912.6M
$-16.2M
Total Assets
$11.9B
$439.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
INSE
INSE
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.4B
Q1 24
$1.6B
Total Debt
FFWM
FFWM
INSE
INSE
Q4 25
$363.2M
Q3 25
Q2 25
Q1 25
Q4 24
$313.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FFWM
FFWM
INSE
INSE
Q4 25
$912.6M
$-16.2M
Q3 25
$917.9M
$-9.0M
Q2 25
$1.1B
$-9.5M
Q1 25
$1.1B
$-2.2M
Q4 24
$1.1B
$-3.3M
Q3 24
$1.1B
$-78.2M
Q2 24
$933.2M
$-77.1M
Q1 24
$928.7M
$-80.3M
Total Assets
FFWM
FFWM
INSE
INSE
Q4 25
$11.9B
$439.9M
Q3 25
$11.9B
$485.8M
Q2 25
$11.6B
$486.8M
Q1 25
$12.6B
$458.9M
Q4 24
$12.6B
$438.4M
Q3 24
$13.4B
$388.6M
Q2 24
$13.7B
$326.6M
Q1 24
$13.6B
$331.1M

Cash Flow & Capital Efficiency

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

Metric
FFWM
FFWM
INSE
INSE
Operating Cash FlowLast quarter
$-31.9M
$1.2M
Free Cash FlowOCF − Capex
$-35.2M
$-9.9M
FCF MarginFCF / Revenue
-72.8%
-12.8%
Capex IntensityCapex / Revenue
6.9%
14.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
INSE
INSE
Q4 25
$-31.9M
$1.2M
Q3 25
$9.2M
$10.1M
Q2 25
$-16.3M
$15.2M
Q1 25
$-552.0K
$25.5M
Q4 24
$-8.7M
$6.9M
Q3 24
$14.2M
$21.2M
Q2 24
$-9.1M
$-2.4M
Q1 24
$7.2M
$6.0M
Free Cash Flow
FFWM
FFWM
INSE
INSE
Q4 25
$-35.2M
$-9.9M
Q3 25
$8.6M
$4.3M
Q2 25
$-16.7M
$5.6M
Q1 25
$-2.5M
$16.3M
Q4 24
$-11.4M
$1.6M
Q3 24
$13.4M
$16.8M
Q2 24
$-9.4M
$-5.3M
Q1 24
$5.9M
$1.6M
FCF Margin
FFWM
FFWM
INSE
INSE
Q4 25
-72.8%
-12.8%
Q3 25
13.5%
5.0%
Q2 25
-32.4%
7.0%
Q1 25
-3.5%
27.0%
Q4 24
-123.5%
1.9%
Q3 24
146.2%
21.8%
Q2 24
-16.3%
-7.1%
Q1 24
11.6%
2.6%
Capex Intensity
FFWM
FFWM
INSE
INSE
Q4 25
6.9%
14.4%
Q3 25
1.0%
6.7%
Q2 25
0.8%
12.0%
Q1 25
2.8%
15.2%
Q4 24
29.4%
6.4%
Q3 24
9.0%
5.7%
Q2 24
0.4%
3.9%
Q1 24
2.5%
7.1%
Cash Conversion
FFWM
FFWM
INSE
INSE
Q4 25
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
0.10×
Q3 24
7.57×
Q2 24
-2.96×
-1.71×
Q1 24
9.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

INSE
INSE

Gaming$36.3M47%
Interactive$17.8M23%
Leisure$13.7M18%
Product Sales$8.8M11%

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