vs
Side-by-side financial comparison of Belpointe PREP, LLC (OZ) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
Solid Power, Inc. is the larger business by last-quarter revenue ($3.6M vs $3.1M, roughly 1.2× Belpointe PREP, LLC). On growth, Belpointe PREP, LLC posted the faster year-over-year revenue change (180.1% vs -18.6%). Over the past eight quarters, Belpointe PREP, LLC's revenue compounded faster (201.5% CAGR vs -21.9%).
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
OZ vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1M | $3.6M |
| Net Profit | $-11.7M | — |
| Gross Margin | — | — |
| Operating Margin | — | -730.1% |
| Net Margin | -380.8% | — |
| Revenue YoY | 180.1% | -18.6% |
| Net Profit YoY | -41.8% | — |
| EPS (diluted) | $-3.10 | $-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.
| Q4 25 | $3.1M | $3.6M | ||
| Q3 25 | $2.4M | $3.7M | ||
| Q2 25 | $2.0M | $6.5M | ||
| Q1 25 | $1.7M | $6.0M | ||
| Q4 24 | $1.1M | $4.5M | ||
| Q3 24 | $860.0K | $4.7M | ||
| Q2 24 | $384.0K | $5.1M | ||
| Q1 24 | $337.0K | $6.0M |
| Q4 25 | $-11.7M | — | ||
| Q3 25 | $-12.1M | $-25.9M | ||
| Q2 25 | $-7.6M | $-25.3M | ||
| Q1 25 | $-8.6M | $-15.2M | ||
| Q4 24 | $-8.2M | — | ||
| Q3 24 | $-6.9M | $-22.4M | ||
| Q2 24 | $-4.7M | $-22.3M | ||
| Q1 24 | $-4.0M | $-21.2M |
| Q4 25 | — | -730.1% | ||
| Q3 25 | — | -654.4% | ||
| Q2 25 | — | -398.9% | ||
| Q1 25 | — | -399.4% | ||
| Q4 24 | — | -561.1% | ||
| Q3 24 | — | -593.2% | ||
| Q2 24 | — | -530.8% | ||
| Q1 24 | — | -433.1% |
| Q4 25 | -380.8% | — | ||
| Q3 25 | -509.3% | -693.1% | ||
| Q2 25 | -381.0% | -390.7% | ||
| Q1 25 | -495.6% | -251.8% | ||
| Q4 24 | -752.0% | — | ||
| Q3 24 | -805.6% | -482.0% | ||
| Q2 24 | -1229.2% | -438.9% | ||
| Q1 24 | -1181.3% | -356.2% |
| Q4 25 | $-3.10 | $-0.15 | ||
| Q3 25 | $-3.21 | $-0.14 | ||
| Q2 25 | $-2.06 | $-0.14 | ||
| Q1 25 | $-2.35 | $-0.08 | ||
| Q4 24 | $-2.26 | $-0.16 | ||
| Q3 24 | $-1.90 | $-0.13 | ||
| Q2 24 | $-1.30 | $-0.13 | ||
| Q1 24 | $-1.10 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.3M | $250.8M |
| Total DebtLower is stronger | $260.6M | — |
| Stockholders' EquityBook value | — | $415.7M |
| Total Assets | $564.2M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $250.8M | ||
| Q3 25 | $29.6M | $251.2M | ||
| Q2 25 | $25.0M | $230.9M | ||
| Q1 25 | $23.0M | $240.9M | ||
| Q4 24 | $24.7M | $118.2M | ||
| Q3 24 | $24.0M | $132.0M | ||
| Q2 24 | $24.7M | $140.5M | ||
| Q1 24 | $29.2M | $146.6M |
| Q4 25 | $260.6M | — | ||
| Q3 25 | $251.4M | — | ||
| Q2 25 | $228.4M | — | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $177.0M | — | ||
| Q3 24 | $144.1M | — | ||
| Q2 24 | $119.9M | — | ||
| Q1 24 | $86.9M | — |
| Q4 25 | — | $415.7M | ||
| Q3 25 | — | $381.2M | ||
| Q2 25 | — | $370.6M | ||
| Q1 25 | — | $397.1M | ||
| Q4 24 | — | $410.3M | ||
| Q3 24 | — | $439.4M | ||
| Q2 24 | — | $456.8M | ||
| Q1 24 | — | $479.4M |
| Q4 25 | $564.2M | $455.1M | ||
| Q3 25 | $570.8M | $416.1M | ||
| Q2 25 | $556.8M | $398.0M | ||
| Q1 25 | $537.4M | $419.4M | ||
| Q4 24 | $517.6M | $448.3M | ||
| Q3 24 | $495.7M | $470.9M | ||
| Q2 24 | $476.2M | $492.6M | ||
| Q1 24 | $450.9M | $516.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-25.2M | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-23.0M |
| FCF MarginFCF / Revenue | — | -633.0% |
| Capex IntensityCapex / Revenue | — | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-25.2M | $-18.4M | ||
| Q3 25 | $-6.0M | $-14.3M | ||
| Q2 25 | $-2.4M | $-14.4M | ||
| Q1 25 | $-6.6M | $-26.3M | ||
| Q4 24 | $-13.7M | $-13.9M | ||
| Q3 24 | $-3.3M | $-9.9M | ||
| Q2 24 | $1.2M | $-11.1M | ||
| Q1 24 | $-6.6M | $-29.1M |
| Q4 25 | — | $-23.0M | ||
| Q3 25 | — | $-14.8M | ||
| Q2 25 | — | $-17.1M | ||
| Q1 25 | — | $-28.6M | ||
| Q4 24 | — | $-18.6M | ||
| Q3 24 | — | $-12.6M | ||
| Q2 24 | — | $-15.5M | ||
| Q1 24 | — | $-33.1M |
| Q4 25 | — | -633.0% | ||
| Q3 25 | — | -397.6% | ||
| Q2 25 | — | -264.2% | ||
| Q1 25 | — | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | — | -271.5% | ||
| Q2 24 | — | -305.8% | ||
| Q1 24 | — | -556.3% |
| Q4 25 | — | 126.5% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 41.5% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | — | 59.7% | ||
| Q2 24 | — | 86.8% | ||
| Q1 24 | — | 68.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
