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Side-by-side financial comparison of Primis Financial Corp. (FRST) 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 $45.6M, roughly 1.7× Primis Financial Corp.). Primis Financial Corp. runs the higher net margin — 16.0% vs -9.3%, a 25.4% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs 11.3%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

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.

FRST vs INSE — Head-to-Head

Bigger by revenue
INSE
INSE
1.7× larger
INSE
$77.2M
$45.6M
FRST
Higher net margin
FRST
FRST
25.4% more per $
FRST
16.0%
-9.3%
INSE
Faster 2-yr revenue CAGR
FRST
FRST
Annualised
FRST
13.0%
11.3%
INSE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRST
FRST
INSE
INSE
Revenue
$45.6M
$77.2M
Net Profit
$7.3M
$-7.2M
Gross Margin
Operating Margin
14.6%
Net Margin
16.0%
-9.3%
Revenue YoY
-6.8%
Net Profit YoY
200.0%
-110.7%
EPS (diluted)
$0.30
$-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
FRST
FRST
INSE
INSE
Q1 26
$45.6M
Q4 25
$80.9M
$77.2M
Q3 25
$41.0M
$86.2M
Q2 25
$43.2M
$80.3M
Q1 25
$58.7M
$60.4M
Q4 24
$38.8M
$82.8M
Q3 24
$37.3M
$77.2M
Q2 24
$35.7M
$74.8M
Net Profit
FRST
FRST
INSE
INSE
Q1 26
$7.3M
Q4 25
$29.5M
$-7.2M
Q3 25
$6.8M
$-1.9M
Q2 25
$2.4M
$-7.8M
Q1 25
$22.6M
$-100.0K
Q4 24
$-26.2M
$67.0M
Q3 24
$1.2M
$2.8M
Q2 24
$3.4M
$1.4M
Operating Margin
FRST
FRST
INSE
INSE
Q1 26
Q4 25
44.8%
14.6%
Q3 25
21.3%
11.3%
Q2 25
6.9%
9.8%
Q1 25
41.9%
2.6%
Q4 24
-123.0%
15.6%
Q3 24
-3.1%
14.5%
Q2 24
7.8%
11.6%
Net Margin
FRST
FRST
INSE
INSE
Q1 26
16.0%
Q4 25
36.5%
-9.3%
Q3 25
16.7%
-2.2%
Q2 25
5.6%
-9.7%
Q1 25
38.6%
-0.2%
Q4 24
-100.3%
80.9%
Q3 24
3.3%
3.6%
Q2 24
9.6%
1.9%
EPS (diluted)
FRST
FRST
INSE
INSE
Q1 26
$0.30
Q4 25
$1.19
$-0.24
Q3 25
$0.28
$-0.07
Q2 25
$0.10
$-0.27
Q1 25
$0.92
$0.00
Q4 24
$-0.95
$2.29
Q3 24
$0.05
$0.10
Q2 24
$0.14
$0.05

Balance Sheet & Financial Strength

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

Metric
FRST
FRST
INSE
INSE
Cash + ST InvestmentsLiquidity on hand
$159.9M
Total DebtLower is stronger
$363.2M
Stockholders' EquityBook value
$427.2M
$-16.2M
Total Assets
$4.3B
$439.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
INSE
INSE
Q1 26
$159.9M
Q4 25
$143.6M
Q3 25
$63.9M
Q2 25
$94.1M
Q1 25
$57.0M
Q4 24
$64.5M
Q3 24
$77.3M
Q2 24
$66.6M
Total Debt
FRST
FRST
INSE
INSE
Q1 26
Q4 25
$363.2M
Q3 25
Q2 25
Q1 25
Q4 24
$313.2M
Q3 24
Q2 24
Stockholders' Equity
FRST
FRST
INSE
INSE
Q1 26
$427.2M
Q4 25
$422.9M
$-16.2M
Q3 25
$382.2M
$-9.0M
Q2 25
$376.4M
$-9.5M
Q1 25
$375.6M
$-2.2M
Q4 24
$351.8M
$-3.3M
Q3 24
$381.0M
$-78.2M
Q2 24
$376.0M
$-77.1M
Total Assets
FRST
FRST
INSE
INSE
Q1 26
$4.3B
Q4 25
$4.0B
$439.9M
Q3 25
$4.0B
$485.8M
Q2 25
$3.9B
$486.8M
Q1 25
$3.7B
$458.9M
Q4 24
$3.7B
$438.4M
Q3 24
$4.0B
$388.6M
Q2 24
$4.0B
$326.6M

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRST
FRST
INSE
INSE
Q1 26
Q4 25
$10.8M
$1.2M
Q3 25
$-11.4M
$10.1M
Q2 25
$-41.0M
$15.2M
Q1 25
$34.4M
$25.5M
Q4 24
$19.5M
$6.9M
Q3 24
$6.1M
$21.2M
Q2 24
$52.3M
$-2.4M
Free Cash Flow
FRST
FRST
INSE
INSE
Q1 26
Q4 25
$9.0M
$-9.9M
Q3 25
$4.3M
Q2 25
$5.6M
Q1 25
$16.3M
Q4 24
$18.3M
$1.6M
Q3 24
$16.8M
Q2 24
$-5.3M
FCF Margin
FRST
FRST
INSE
INSE
Q1 26
Q4 25
11.2%
-12.8%
Q3 25
5.0%
Q2 25
7.0%
Q1 25
27.0%
Q4 24
47.3%
1.9%
Q3 24
21.8%
Q2 24
-7.1%
Capex Intensity
FRST
FRST
INSE
INSE
Q1 26
Q4 25
2.1%
14.4%
Q3 25
6.7%
Q2 25
12.0%
Q1 25
15.2%
Q4 24
3.1%
6.4%
Q3 24
0.0%
5.7%
Q2 24
0.0%
3.9%
Cash Conversion
FRST
FRST
INSE
INSE
Q1 26
Q4 25
0.36×
Q3 25
-1.67×
Q2 25
-16.82×
Q1 25
1.52×
Q4 24
0.10×
Q3 24
4.93×
7.57×
Q2 24
15.21×
-1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

INSE
INSE

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

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