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

SOLAI Ltd is the larger business by last-quarter revenue ($11.0M vs $7.2M, roughly 1.5× Arcturus Therapeutics Holdings Inc.). On growth, SOLAI Ltd posted the faster year-over-year revenue change (-43.1% vs -68.4%). SOLAI Ltd produced more free cash flow last quarter ($-17.0M vs $-74.5M).

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.

ARCT vs SLAI — Head-to-Head

Bigger by revenue
SLAI
SLAI
1.5× larger
SLAI
$11.0M
$7.2M
ARCT
Growing faster (revenue YoY)
SLAI
SLAI
+25.3% gap
SLAI
-43.1%
-68.4%
ARCT
More free cash flow
SLAI
SLAI
$57.5M more FCF
SLAI
$-17.0M
$-74.5M
ARCT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ARCT
ARCT
SLAI
SLAI
Revenue
$7.2M
$11.0M
Net Profit
$-13.9M
Gross Margin
0.1%
Operating Margin
-126.2%
Net Margin
-126.2%
Revenue YoY
-68.4%
-43.1%
Net Profit YoY
3.1%
-173.4%
EPS (diluted)
$-0.01

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
SLAI
SLAI
Q4 25
$7.2M
Q3 25
$17.2M
Q2 25
$28.3M
$11.0M
Q1 25
$29.4M
Q4 24
$22.8M
Q3 24
$41.7M
Q2 24
$49.9M
$19.4M
Q1 24
$38.0M
Net Profit
ARCT
ARCT
SLAI
SLAI
Q4 25
Q3 25
$-13.4M
Q2 25
$-9.2M
$-13.9M
Q1 25
$-14.1M
Q4 24
$-30.0M
Q3 24
$-6.9M
Q2 24
$-17.2M
$18.9M
Q1 24
$-26.8M
Gross Margin
ARCT
ARCT
SLAI
SLAI
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
Q4 24
Q3 24
Q2 24
52.4%
Q1 24
Operating Margin
ARCT
ARCT
SLAI
SLAI
Q4 25
Q3 25
-96.3%
Q2 25
-41.0%
-126.2%
Q1 25
-57.3%
Q4 24
-146.7%
Q3 24
-25.8%
Q2 24
-42.4%
-2.6%
Q1 24
-80.0%
Net Margin
ARCT
ARCT
SLAI
SLAI
Q4 25
Q3 25
-78.4%
Q2 25
-32.4%
-126.2%
Q1 25
-47.9%
Q4 24
-131.8%
Q3 24
-16.6%
Q2 24
-34.5%
97.9%
Q1 24
-70.5%
EPS (diluted)
ARCT
ARCT
SLAI
SLAI
Q4 25
Q3 25
$-0.49
Q2 25
$-0.34
$-0.01
Q1 25
$-0.52
Q4 24
$-1.10
Q3 24
$-0.26
Q2 24
$-0.64
$0.02
Q1 24
$-1.00

Balance Sheet & Financial Strength

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

Metric
ARCT
ARCT
SLAI
SLAI
Cash + ST InvestmentsLiquidity on hand
$230.9M
$1.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$214.0M
$43.8M
Total Assets
$271.1M
$69.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARCT
ARCT
SLAI
SLAI
Q4 25
$230.9M
Q3 25
$180.4M
Q2 25
$196.5M
$1.2M
Q1 25
$216.9M
Q4 24
$237.0M
Q3 24
$237.2M
Q2 24
$260.3M
$2.3M
Q1 24
$288.4M
Stockholders' Equity
ARCT
ARCT
SLAI
SLAI
Q4 25
$214.0M
Q3 25
$224.6M
Q2 25
$231.1M
$43.8M
Q1 25
$233.8M
Q4 24
$241.0M
Q3 24
$261.9M
Q2 24
$258.6M
$45.9M
Q1 24
$264.0M
Total Assets
ARCT
ARCT
SLAI
SLAI
Q4 25
$271.1M
Q3 25
$282.3M
Q2 25
$309.3M
$69.1M
Q1 25
$331.8M
Q4 24
$344.1M
Q3 24
$370.7M
Q2 24
$388.6M
$63.3M
Q1 24
$418.8M

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
SLAI
SLAI
Operating Cash FlowLast quarter
$-74.3M
$-17.0M
Free Cash FlowOCF − Capex
$-74.5M
$-17.0M
FCF MarginFCF / Revenue
-1035.2%
-154.2%
Capex IntensityCapex / Revenue
3.2%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARCT
ARCT
SLAI
SLAI
Q4 25
$-74.3M
Q3 25
$-17.2M
Q2 25
$-5.8M
$-17.0M
Q1 25
$-35.1M
Q4 24
$-284.0K
Q3 24
$-23.8M
Q2 24
$-30.1M
$-12.1M
Q1 24
$-5.6M
Free Cash Flow
ARCT
ARCT
SLAI
SLAI
Q4 25
$-74.5M
Q3 25
$-17.3M
Q2 25
$-17.0M
Q1 25
$-35.3M
Q4 24
Q3 24
$-23.8M
Q2 24
$-30.5M
Q1 24
$-5.8M
FCF Margin
ARCT
ARCT
SLAI
SLAI
Q4 25
-1035.2%
Q3 25
-101.1%
Q2 25
-154.2%
Q1 25
-120.1%
Q4 24
Q3 24
-57.2%
Q2 24
-61.1%
Q1 24
-15.3%
Capex Intensity
ARCT
ARCT
SLAI
SLAI
Q4 25
3.2%
Q3 25
1.1%
Q2 25
0.0%
0.0%
Q1 25
0.5%
Q4 24
0.0%
Q3 24
0.2%
Q2 24
0.7%
Q1 24
0.6%
Cash Conversion
ARCT
ARCT
SLAI
SLAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-0.64×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARCT
ARCT

Segment breakdown not available.

SLAI
SLAI

Data center$6.5M59%
Cryptocurrency mining$4.6M41%

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