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Side-by-side financial comparison of Eightco Holdings Inc. (ORBS) and TH International Ltd (THCH). Click either name above to swap in a different company.

Eightco Holdings Inc. is the larger business by last-quarter revenue ($10.2M vs $6.6M, roughly 1.5× TH International Ltd). TH International Ltd runs the higher net margin — -41.2% vs -2281.6%, a 2240.4% gap on every dollar of revenue.

TH International Ltd is the exclusive operator of the Tim Hortons coffee brand in mainland China. It offers freshly brewed coffee, artisanal baked goods, light meals and branded peripheral products, operating physical offline stores and third-party delivery channels, targeting young urban consumers across tier 1, tier 2 and tier 3 cities in China.

ORBS vs THCH — Head-to-Head

Bigger by revenue
ORBS
ORBS
1.5× larger
ORBS
$10.2M
$6.6M
THCH
Higher net margin
THCH
THCH
2240.4% more per $
THCH
-41.2%
-2281.6%
ORBS

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
ORBS
ORBS
THCH
THCH
Revenue
$10.2M
$6.6M
Net Profit
$-232.5M
$-2.7M
Gross Margin
-13.0%
Operating Margin
-475.0%
-37.3%
Net Margin
-2281.6%
-41.2%
Revenue YoY
-49.9%
Net Profit YoY
-9183.3%
EPS (diluted)
$-2.34

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
ORBS
ORBS
THCH
THCH
Q4 25
$10.2M
Q3 25
$5.3M
Q2 25
$7.6M
Q1 25
$9.9M
Q4 24
$20.3M
Q3 24
$6.1M
Q2 24
$5.3M
Q1 24
$8.0M
$6.6M
Net Profit
ORBS
ORBS
THCH
THCH
Q4 25
$-232.5M
Q3 25
$-25.8M
Q2 25
$-1.2M
Q1 25
$-2.5M
Q4 24
$-2.5M
Q3 24
$-3.2M
Q2 24
$4.4M
Q1 24
$1.9M
$-2.7M
Gross Margin
ORBS
ORBS
THCH
THCH
Q4 25
-13.0%
Q3 25
-3.7%
Q2 25
16.4%
Q1 25
8.2%
Q4 24
8.2%
Q3 24
26.5%
Q2 24
25.1%
Q1 24
17.5%
Operating Margin
ORBS
ORBS
THCH
THCH
Q4 25
-475.0%
Q3 25
-116.9%
Q2 25
-15.9%
Q1 25
-14.3%
Q4 24
-11.9%
Q3 24
-29.1%
Q2 24
-16.4%
Q1 24
-39.6%
-37.3%
Net Margin
ORBS
ORBS
THCH
THCH
Q4 25
-2281.6%
Q3 25
-487.6%
Q2 25
-15.4%
Q1 25
-25.7%
Q4 24
-12.3%
Q3 24
-52.5%
Q2 24
84.2%
Q1 24
24.4%
-41.2%
EPS (diluted)
ORBS
ORBS
THCH
THCH
Q4 25
$-2.34
Q3 25
$-0.58
Q2 25
$-0.38
Q1 25
$-0.84
Q4 24
$-1.44
Q3 24
$-1.77
Q2 24
$2.15
Q1 24
$1.42

Balance Sheet & Financial Strength

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

Metric
ORBS
ORBS
THCH
THCH
Cash + ST InvestmentsLiquidity on hand
$58.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$232.6M
Total Assets
$250.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORBS
ORBS
THCH
THCH
Q4 25
$58.5M
Q3 25
$23.7M
Q2 25
$696.3K
Q1 25
$434.4K
Q4 24
$239.2K
Q3 24
$2.4M
Q2 24
$363.1K
Q1 24
$808.8K
Stockholders' Equity
ORBS
ORBS
THCH
THCH
Q4 25
$232.6M
Q3 25
$339.2M
Q2 25
$8.9M
Q1 25
$9.7M
Q4 24
$11.9M
Q3 24
$13.0M
Q2 24
$13.8M
Q1 24
$3.9M
Total Assets
ORBS
ORBS
THCH
THCH
Q4 25
$250.2M
Q3 25
$355.5M
Q2 25
$48.7M
Q1 25
$47.6M
Q4 24
$50.8M
Q3 24
$49.2M
Q2 24
$48.4M
Q1 24
$50.2M

Cash Flow & Capital Efficiency

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

Metric
ORBS
ORBS
THCH
THCH
Operating Cash FlowLast quarter
$-11.0M
$-511
Free Cash FlowOCF − Capex
$-11.0M
FCF MarginFCF / Revenue
-107.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORBS
ORBS
THCH
THCH
Q4 25
$-11.0M
Q3 25
$-1.6M
Q2 25
$-659.2K
Q1 25
$999.8K
Q4 24
$-6.6M
Q3 24
$77.7K
Q2 24
$-440.3K
Q1 24
$-723.3K
$-511
Free Cash Flow
ORBS
ORBS
THCH
THCH
Q4 25
$-11.0M
Q3 25
Q2 25
$-661.3K
Q1 25
$999.7K
Q4 24
$-6.6M
Q3 24
$73.0K
Q2 24
Q1 24
FCF Margin
ORBS
ORBS
THCH
THCH
Q4 25
-107.7%
Q3 25
Q2 25
-8.7%
Q1 25
10.1%
Q4 24
-32.7%
Q3 24
1.2%
Q2 24
Q1 24
Capex Intensity
ORBS
ORBS
THCH
THCH
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
ORBS
ORBS
THCH
THCH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-0.10×
Q1 24
-0.37×

Financial Flow Comparison

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

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