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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and SOLESENCE, INC. (SLSN). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $12.5M, roughly 1.8× SOLESENCE, INC.). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -0.7%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs 12.5%).

ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.

ADCT vs SLSN — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.8× larger
ADCT
$23.1M
$12.5M
SLSN
Growing faster (revenue YoY)
ADCT
ADCT
+37.0% gap
ADCT
36.4%
-0.7%
SLSN
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
12.5%
SLSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
SLSN
SLSN
Revenue
$23.1M
$12.5M
Net Profit
$163.0K
Gross Margin
27.5%
Operating Margin
-77.7%
1.5%
Net Margin
1.3%
Revenue YoY
36.4%
-0.7%
Net Profit YoY
129.2%
EPS (diluted)
$0.04
$0.00

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
ADCT
ADCT
SLSN
SLSN
Q4 25
$23.1M
$12.5M
Q3 25
$15.8M
$14.6M
Q2 25
$18.1M
$20.4M
Q1 25
$17.4M
$14.6M
Q4 24
$16.9M
$12.6M
Q3 24
$18.0M
$16.9M
Q2 24
$17.0M
$13.0M
Q1 24
$17.8M
$9.9M
Net Profit
ADCT
ADCT
SLSN
SLSN
Q4 25
$163.0K
Q3 25
$-41.0M
$-1.1M
Q2 25
$-56.6M
$2.7M
Q1 25
$-38.6M
$80.0K
Q4 24
$-559.0K
Q3 24
$-44.0M
$3.0M
Q2 24
$-36.5M
$856.0K
Q1 24
$-46.6M
$893.0K
Gross Margin
ADCT
ADCT
SLSN
SLSN
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
ADCT
ADCT
SLSN
SLSN
Q4 25
-77.7%
1.5%
Q3 25
-196.6%
-5.4%
Q2 25
-244.1%
9.4%
Q1 25
-163.5%
1.8%
Q4 24
-191.8%
-1.8%
Q3 24
-197.4%
19.0%
Q2 24
-170.5%
8.0%
Q1 24
-188.3%
11.3%
Net Margin
ADCT
ADCT
SLSN
SLSN
Q4 25
1.3%
Q3 25
-260.1%
-7.7%
Q2 25
-313.2%
13.1%
Q1 25
-221.8%
0.5%
Q4 24
-4.4%
Q3 24
-244.1%
18.1%
Q2 24
-214.6%
6.6%
Q1 24
-261.1%
9.0%
EPS (diluted)
ADCT
ADCT
SLSN
SLSN
Q4 25
$0.04
$0.00
Q3 25
$-0.30
$-0.02
Q2 25
$-0.50
$0.04
Q1 25
$-0.36
$0.00
Q4 24
$-0.26
$0.00
Q3 24
$-0.42
$0.04
Q2 24
$-0.38
$0.01
Q1 24
$-0.56
$0.02

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$261.3M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$17.6M
Total Assets
$323.1M
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
SLSN
SLSN
Q4 25
$261.3M
$1.3M
Q3 25
$234.7M
$429.0K
Q2 25
$264.6M
$4.1M
Q1 25
$194.7M
$1.8M
Q4 24
$250.9M
$1.4M
Q3 24
$274.3M
$2.9M
Q2 24
$300.1M
$2.4M
Q1 24
$234.3M
$2.0M
Stockholders' Equity
ADCT
ADCT
SLSN
SLSN
Q4 25
$-185.8M
$17.6M
Q3 25
$-238.2M
$17.2M
Q2 25
$-199.2M
$18.2M
Q1 25
$-238.2M
$15.2M
Q4 24
$-202.6M
$14.9M
Q3 24
$-171.9M
$15.2M
Q2 24
$-131.7M
$11.9M
Q1 24
$-194.4M
$5.0M
Total Assets
ADCT
ADCT
SLSN
SLSN
Q4 25
$323.1M
$50.1M
Q3 25
$289.8M
$54.0M
Q2 25
$321.6M
$60.0M
Q1 25
$272.5M
$57.0M
Q4 24
$322.0M
$50.0M
Q3 24
$349.1M
$48.0M
Q2 24
$371.8M
$40.8M
Q1 24
$308.0M
$38.5M

Cash Flow & Capital Efficiency

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

Metric
ADCT
ADCT
SLSN
SLSN
Operating Cash FlowLast quarter
$-31.1M
$1.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
SLSN
SLSN
Q4 25
$-31.1M
$1.8M
Q3 25
$-29.6M
$-2.5M
Q2 25
$-24.1M
$-654.0K
Q1 25
$-56.3M
$-7.2M
Q4 24
$-21.9M
$2.2M
Q3 24
$-25.0M
$4.2M
Q2 24
$-32.8M
$-565.0K
Q1 24
$-44.1M
$-3.9M
Free Cash Flow
ADCT
ADCT
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
$-56.6M
Q4 24
$-21.9M
$-404.0K
Q3 24
$-25.3M
$2.8M
Q2 24
$-32.9M
$-1.0M
Q1 24
$-44.6M
$-3.9M
FCF Margin
ADCT
ADCT
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
-325.2%
Q4 24
-129.8%
-3.2%
Q3 24
-140.2%
16.6%
Q2 24
-193.0%
-8.0%
Q1 24
-250.0%
-39.9%
Capex Intensity
ADCT
ADCT
SLSN
SLSN
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.5%
Q4 24
0.5%
20.6%
Q3 24
1.2%
8.3%
Q2 24
0.2%
3.7%
Q1 24
3.0%
0.9%
Cash Conversion
ADCT
ADCT
SLSN
SLSN
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
Q3 24
1.38×
Q2 24
-0.66×
Q1 24
-4.32×

Financial Flow Comparison

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

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