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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and Veris Residential, Inc. (VRE). Click either name above to swap in a different company.

GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $70.1M, roughly 1.4× Veris Residential, Inc.). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -20.0%, a 14.8% gap on every dollar of revenue.

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.

GCL vs VRE — Head-to-Head

Bigger by revenue
GCL
GCL
1.4× larger
GCL
$98.7M
$70.1M
VRE
Higher net margin
GCL
GCL
14.8% more per $
GCL
-5.2%
-20.0%
VRE

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GCL
GCL
VRE
VRE
Revenue
$98.7M
$70.1M
Net Profit
$-5.1M
$-14.0M
Gross Margin
11.0%
95.9%
Operating Margin
-6.7%
-22.2%
Net Margin
-5.2%
-20.0%
Revenue YoY
3.5%
Net Profit YoY
-30.9%
EPS (diluted)
$-0.04
$-0.15

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
GCL
GCL
VRE
VRE
Q1 26
$70.1M
Q4 25
$71.3M
Q3 25
$98.7M
$73.4M
Q2 25
$142.1M
$75.9M
Q1 25
$67.8M
Q4 24
$68.1M
Q3 24
$36.1M
$68.2M
Q2 24
$67.5M
Net Profit
GCL
GCL
VRE
VRE
Q1 26
$-14.0M
Q4 25
$-203.0K
Q3 25
$-5.1M
$75.2M
Q2 25
$5.6M
$10.9M
Q1 25
$-10.7M
Q4 24
$-12.4M
Q3 24
$-1.9M
$-9.7M
Q2 24
$2.9M
Gross Margin
GCL
GCL
VRE
VRE
Q1 26
95.9%
Q4 25
97.2%
Q3 25
11.0%
96.8%
Q2 25
15.0%
97.2%
Q1 25
95.9%
Q4 24
97.1%
Q3 24
16.2%
96.9%
Q2 24
97.3%
Operating Margin
GCL
GCL
VRE
VRE
Q1 26
-22.2%
Q4 25
-0.9%
Q3 25
-6.7%
Q2 25
2.3%
15.8%
Q1 25
-20.4%
Q4 24
-21.9%
Q3 24
-5.6%
-16.2%
Q2 24
2.2%
Net Margin
GCL
GCL
VRE
VRE
Q1 26
-20.0%
Q4 25
-0.3%
Q3 25
-5.2%
102.4%
Q2 25
3.9%
14.4%
Q1 25
-15.8%
Q4 24
-18.3%
Q3 24
-5.2%
-14.2%
Q2 24
4.3%
EPS (diluted)
GCL
GCL
VRE
VRE
Q1 26
$-0.15
Q4 25
$0.00
Q3 25
$-0.04
$0.80
Q2 25
$0.05
$0.12
Q1 25
$-0.12
Q4 24
$-0.14
Q3 24
$-0.10
Q2 24
$0.03

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
VRE
VRE
Cash + ST InvestmentsLiquidity on hand
$16.6M
$9.4M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$33.1M
$1.1B
Total Assets
$159.9M
$2.7B
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
VRE
VRE
Q1 26
$9.4M
Q4 25
$14.1M
Q3 25
$16.6M
$8.8M
Q2 25
$18.2M
$11.4M
Q1 25
$7.6M
Q4 24
$7.3M
Q3 24
$2.7M
$12.8M
Q2 24
$18.4M
Total Debt
GCL
GCL
VRE
VRE
Q1 26
Q4 25
$1.4B
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Stockholders' Equity
GCL
GCL
VRE
VRE
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$33.1M
$1.2B
Q2 25
$35.9M
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$15.9M
$1.1B
Q2 24
$1.1B
Total Assets
GCL
GCL
VRE
VRE
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
$159.9M
$2.8B
Q2 25
$101.6M
$3.1B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$49.6M
$3.0B
Q2 24
$3.0B
Debt / Equity
GCL
GCL
VRE
VRE
Q1 26
Q4 25
1.18×
Q3 25
1.57×
Q2 25
0.33×
Q1 25
Q4 24
1.52×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
GCL
GCL
VRE
VRE
Operating Cash FlowLast quarter
$-4.8M
$14.0M
Free Cash FlowOCF − Capex
$-5.2M
FCF MarginFCF / Revenue
-5.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
VRE
VRE
Q1 26
$14.0M
Q4 25
$76.0M
Q3 25
$-4.8M
$13.5M
Q2 25
$-10.3M
$23.8M
Q1 25
$13.2M
Q4 24
$52.3M
Q3 24
$6.1M
$13.9M
Q2 24
$10.8M
Free Cash Flow
GCL
GCL
VRE
VRE
Q1 26
Q4 25
Q3 25
$-5.2M
Q2 25
$-10.5M
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
GCL
GCL
VRE
VRE
Q1 26
Q4 25
Q3 25
-5.3%
Q2 25
-7.4%
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
GCL
GCL
VRE
VRE
Q1 26
Q4 25
Q3 25
0.4%
Q2 25
0.1%
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
GCL
GCL
VRE
VRE
Q1 26
Q4 25
Q3 25
0.18×
Q2 25
-1.84×
2.18×
Q1 25
Q4 24
Q3 24
Q2 24
3.71×

Financial Flow Comparison

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

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