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Side-by-side financial comparison of Ispire Technology Inc. (ISPR) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $20.3M, roughly 2.0× Ispire Technology Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -32.5%, a 37.6% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs -51.5%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs -17.8%).

Ispire Technology Inc. is a global tech firm specializing in R&D, manufacturing and sales of advanced vaporization hardware and supporting consumables. It serves nicotine and legal cannabis consumer markets, operates two core segments of hardware and branded cannabis products, covers North America, Europe and Asia-Pacific, delivering compliant innovative vapor solutions for B2B partners and end users.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

ISPR vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
2.0× larger
STRW
$40.1M
$20.3M
ISPR
Growing faster (revenue YoY)
STRW
STRW
+83.0% gap
STRW
31.5%
-51.5%
ISPR
Higher net margin
STRW
STRW
37.6% more per $
STRW
5.0%
-32.5%
ISPR
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
-17.8%
ISPR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ISPR
ISPR
STRW
STRW
Revenue
$20.3M
$40.1M
Net Profit
$-6.6M
$2.0M
Gross Margin
17.1%
Operating Margin
-33.9%
52.4%
Net Margin
-32.5%
5.0%
Revenue YoY
-51.5%
31.5%
Net Profit YoY
17.4%
37.6%
EPS (diluted)
$-0.12
$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
ISPR
ISPR
STRW
STRW
Q4 25
$20.3M
$40.1M
Q3 25
$30.4M
$39.7M
Q2 25
$20.1M
$37.9M
Q1 25
$26.2M
$37.3M
Q4 24
$41.8M
$30.5M
Q3 24
$39.3M
$29.5M
Q2 24
$37.3M
$29.3M
Q1 24
$30.0M
$27.8M
Net Profit
ISPR
ISPR
STRW
STRW
Q4 25
$-6.6M
$2.0M
Q3 25
$-3.3M
$2.0M
Q2 25
$-14.8M
$2.0M
Q1 25
$-10.9M
$1.6M
Q4 24
$-8.0M
$1.5M
Q3 24
$-5.6M
$944.0K
Q2 24
$-3.5M
$938.0K
Q1 24
$-5.9M
$746.0K
Gross Margin
ISPR
ISPR
STRW
STRW
Q4 25
17.1%
Q3 25
17.0%
Q2 25
12.3%
Q1 25
18.2%
Q4 24
18.5%
Q3 24
19.5%
Q2 24
28.3%
Q1 24
20.4%
Operating Margin
ISPR
ISPR
STRW
STRW
Q4 25
-33.9%
52.4%
Q3 25
-8.9%
56.6%
Q2 25
-72.7%
54.5%
Q1 25
-40.4%
54.1%
Q4 24
-17.6%
51.5%
Q3 24
-13.4%
54.4%
Q2 24
-9.2%
52.3%
Q1 24
-18.8%
51.3%
Net Margin
ISPR
ISPR
STRW
STRW
Q4 25
-32.5%
5.0%
Q3 25
-10.7%
5.1%
Q2 25
-73.4%
5.2%
Q1 25
-41.5%
4.2%
Q4 24
-19.1%
4.8%
Q3 24
-14.2%
3.2%
Q2 24
-9.4%
3.2%
Q1 24
-19.7%
2.7%
EPS (diluted)
ISPR
ISPR
STRW
STRW
Q4 25
$-0.12
$0.15
Q3 25
$-0.06
$0.16
Q2 25
$-0.26
$0.16
Q1 25
$-0.19
$0.13
Q4 24
$-0.14
$0.17
Q3 24
$-0.10
$0.14
Q2 24
$-0.07
$0.14
Q1 24
$-0.11
$0.12

Balance Sheet & Financial Strength

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

Metric
ISPR
ISPR
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$17.6M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$-7.7M
$12.1M
Total Assets
$84.4M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ISPR
ISPR
STRW
STRW
Q4 25
$17.6M
$31.8M
Q3 25
$22.7M
$19.8M
Q2 25
$24.4M
$96.3M
Q1 25
$23.5M
$42.3M
Q4 24
$34.4M
$48.4M
Q3 24
$37.7M
$29.3M
Q2 24
$35.1M
$16.1M
Q1 24
$39.5M
$15.1M
Total Debt
ISPR
ISPR
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
ISPR
ISPR
STRW
STRW
Q4 25
$-7.7M
$12.1M
Q3 25
$-1.8M
$14.2M
Q2 25
$604.7K
$15.5M
Q1 25
$14.8M
$19.6M
Q4 24
$24.2M
$18.2M
Q3 24
$30.7M
$12.6M
Q2 24
$34.5M
$7.4M
Q1 24
$35.9M
$7.5M
Total Assets
ISPR
ISPR
STRW
STRW
Q4 25
$84.4M
$885.2M
Q3 25
$96.4M
$880.6M
Q2 25
$102.2M
$897.3M
Q1 25
$115.7M
$834.8M
Q4 24
$132.0M
$787.6M
Q3 24
$129.0M
$661.5M
Q2 24
$122.6M
$635.9M
Q1 24
$108.0M
$634.9M
Debt / Equity
ISPR
ISPR
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

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

Metric
ISPR
ISPR
STRW
STRW
Operating Cash FlowLast quarter
$-4.0M
$90.0M
Free Cash FlowOCF − Capex
$-4.0M
FCF MarginFCF / Revenue
-19.9%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$-14.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ISPR
ISPR
STRW
STRW
Q4 25
$-4.0M
$90.0M
Q3 25
$-1.2M
$20.7M
Q2 25
$4.7M
$29.8M
Q1 25
$-12.5M
$19.0M
Q4 24
$-3.2M
$59.3M
Q3 24
$3.6M
$11.8M
Q2 24
$-1.4M
$20.6M
Q1 24
$3.4M
$2.1M
Free Cash Flow
ISPR
ISPR
STRW
STRW
Q4 25
$-4.0M
Q3 25
$-1.2M
Q2 25
$3.7M
Q1 25
$-12.7M
Q4 24
$-3.2M
Q3 24
$3.3M
Q2 24
$-2.2M
Q1 24
$3.3M
FCF Margin
ISPR
ISPR
STRW
STRW
Q4 25
-19.9%
Q3 25
-3.9%
Q2 25
18.6%
Q1 25
-48.4%
Q4 24
-7.7%
Q3 24
8.5%
Q2 24
-5.9%
Q1 24
10.9%
Capex Intensity
ISPR
ISPR
STRW
STRW
Q4 25
0.3%
Q3 25
0.0%
Q2 25
4.8%
Q1 25
0.7%
Q4 24
0.1%
Q3 24
0.7%
Q2 24
2.0%
Q1 24
0.3%
Cash Conversion
ISPR
ISPR
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

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