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Side-by-side financial comparison of Arcturus Therapeutics Holdings Inc. (ARCT) and Solana Co (HSDT). Click either name above to swap in a different company.

Arcturus Therapeutics Holdings Inc. is the larger business by last-quarter revenue ($7.2M vs $5.2M, roughly 1.4× Solana Co). On growth, Solana Co posted the faster year-over-year revenue change (2725.9% vs -68.4%). Over the past eight quarters, Solana Co's revenue compounded faster (522.3% CAGR vs -56.5%).

Arcturus Therapeutics Holdings Inc. is an American RNA medicines biotechnology company focused on the discovery, development and commercialization of therapeutics for rare diseases and infectious diseases. Arcturus has developed proprietary lipid nanoparticle RNA therapeutics for nucleic acid medicines including small interfering RNA (siRNA), messenger RNA (mRNA), gene editing RNA, DNA, antisense oligonucleotides, and microRNA.

Solana is a Mexican cottage manufacturer of sports, racing, and kids' automobiles based in Mexico City. The family run company has operated since 1936, with a total production of fewer than fifty cars; the majority of them one-offs. The family is heavily involved in motor sports; the most prominent member was Moisés Solana, who raced family-built cars and later in Formula One.

ARCT vs HSDT — Head-to-Head

Bigger by revenue
ARCT
ARCT
1.4× larger
ARCT
$7.2M
$5.2M
HSDT
Growing faster (revenue YoY)
HSDT
HSDT
+2794.3% gap
HSDT
2725.9%
-68.4%
ARCT
Faster 2-yr revenue CAGR
HSDT
HSDT
Annualised
HSDT
522.3%
-56.5%
ARCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARCT
ARCT
HSDT
HSDT
Revenue
$7.2M
$5.2M
Net Profit
$325.6M
Gross Margin
96.6%
Operating Margin
-3845.8%
Net Margin
6227.1%
Revenue YoY
-68.4%
2725.9%
Net Profit YoY
3.1%
8388.0%
EPS (diluted)
$111.28

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
ARCT
ARCT
HSDT
HSDT
Q4 25
$7.2M
$5.2M
Q3 25
$17.2M
$697.0K
Q2 25
$28.3M
$43.0K
Q1 25
$29.4M
$49.0K
Q4 24
$22.8M
$185.0K
Q3 24
$41.7M
$51.0K
Q2 24
$49.9M
$182.0K
Q1 24
$38.0M
$135.0K
Net Profit
ARCT
ARCT
HSDT
HSDT
Q4 25
$325.6M
Q3 25
$-13.4M
$-352.8M
Q2 25
$-9.2M
$-9.8M
Q1 25
$-14.1M
$-3.8M
Q4 24
$-30.0M
Q3 24
$-6.9M
$-3.7M
Q2 24
$-17.2M
$-1.6M
Q1 24
$-26.8M
$-2.5M
Gross Margin
ARCT
ARCT
HSDT
HSDT
Q4 25
96.6%
Q3 25
85.2%
Q2 25
Q1 25
Q4 24
16.8%
Q3 24
Q2 24
35.2%
Q1 24
8.9%
Operating Margin
ARCT
ARCT
HSDT
HSDT
Q4 25
-3845.8%
Q3 25
-96.3%
-5086.1%
Q2 25
-41.0%
-7725.6%
Q1 25
-57.3%
-8185.7%
Q4 24
-146.7%
Q3 24
-25.8%
-7980.4%
Q2 24
-42.4%
-1796.7%
Q1 24
-80.0%
-2530.4%
Net Margin
ARCT
ARCT
HSDT
HSDT
Q4 25
6227.1%
Q3 25
-78.4%
-50612.3%
Q2 25
-32.4%
-22867.4%
Q1 25
-47.9%
-7832.7%
Q4 24
-131.8%
Q3 24
-16.6%
-7227.5%
Q2 24
-34.5%
-885.7%
Q1 24
-70.5%
-1863.7%
EPS (diluted)
ARCT
ARCT
HSDT
HSDT
Q4 25
$111.28
Q3 25
$-0.49
$-32.89
Q2 25
$-0.34
$-79.73
Q1 25
$-0.52
$-0.51
Q4 24
$-1.10
Q3 24
$-0.26
$-744.35
Q2 24
$-0.64
$-485.30
Q1 24
$-1.00
$-3.08

Balance Sheet & Financial Strength

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

Metric
ARCT
ARCT
HSDT
HSDT
Cash + ST InvestmentsLiquidity on hand
$230.9M
$7.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$214.0M
$300.9M
Total Assets
$271.1M
$303.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARCT
ARCT
HSDT
HSDT
Q4 25
$230.9M
$7.3M
Q3 25
$180.4M
$124.1M
Q2 25
$196.5M
$6.1M
Q1 25
$216.9M
$1.1M
Q4 24
$237.0M
$1.1M
Q3 24
$237.2M
$3.5M
Q2 24
$260.3M
$6.4M
Q1 24
$288.4M
$3.6M
Stockholders' Equity
ARCT
ARCT
HSDT
HSDT
Q4 25
$214.0M
$300.9M
Q3 25
$224.6M
$-152.4M
Q2 25
$231.1M
$6.0M
Q1 25
$233.8M
$1.3M
Q4 24
$241.0M
$1.1M
Q3 24
$261.9M
$3.8M
Q2 24
$258.6M
$6.3M
Q1 24
$264.0M
$2.0M
Total Assets
ARCT
ARCT
HSDT
HSDT
Q4 25
$271.1M
$303.9M
Q3 25
$282.3M
$475.9M
Q2 25
$309.3M
$7.9M
Q1 25
$331.8M
$3.5M
Q4 24
$344.1M
$3.5M
Q3 24
$370.7M
$5.6M
Q2 24
$388.6M
$8.8M
Q1 24
$418.8M
$5.8M

Cash Flow & Capital Efficiency

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

Metric
ARCT
ARCT
HSDT
HSDT
Operating Cash FlowLast quarter
$-74.3M
$-16.5M
Free Cash FlowOCF − Capex
$-74.5M
FCF MarginFCF / Revenue
-1035.2%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
-0.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARCT
ARCT
HSDT
HSDT
Q4 25
$-74.3M
$-16.5M
Q3 25
$-17.2M
$-4.0M
Q2 25
$-5.8M
$-2.8M
Q1 25
$-35.1M
$-3.5M
Q4 24
$-284.0K
$-11.0M
Q3 24
$-23.8M
$-2.8M
Q2 24
$-30.1M
$-2.9M
Q1 24
$-5.6M
$-3.0M
Free Cash Flow
ARCT
ARCT
HSDT
HSDT
Q4 25
$-74.5M
Q3 25
$-17.3M
Q2 25
Q1 25
$-35.3M
Q4 24
$-11.0M
Q3 24
$-23.8M
Q2 24
$-30.5M
Q1 24
$-5.8M
$-3.0M
FCF Margin
ARCT
ARCT
HSDT
HSDT
Q4 25
-1035.2%
Q3 25
-101.1%
Q2 25
Q1 25
-120.1%
Q4 24
-5970.8%
Q3 24
-57.2%
Q2 24
-61.1%
Q1 24
-15.3%
-2226.7%
Capex Intensity
ARCT
ARCT
HSDT
HSDT
Q4 25
3.2%
Q3 25
1.1%
Q2 25
0.0%
Q1 25
0.5%
Q4 24
0.0%
2.7%
Q3 24
0.2%
0.0%
Q2 24
0.7%
0.0%
Q1 24
0.6%
3.7%
Cash Conversion
ARCT
ARCT
HSDT
HSDT
Q4 25
-0.05×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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