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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

SOLENO THERAPEUTICS INC is the larger business by last-quarter revenue ($66.0M vs $50.4M, roughly 1.3× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 39.4%, a 380.8% gap on every dollar of revenue.

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

ARR vs SLNO — Head-to-Head

Bigger by revenue
SLNO
SLNO
1.3× larger
SLNO
$66.0M
$50.4M
ARR
Higher net margin
ARR
ARR
380.8% more per $
ARR
420.2%
39.4%
SLNO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ARR
ARR
SLNO
SLNO
Revenue
$50.4M
$66.0M
Net Profit
$211.7M
$26.0M
Gross Margin
98.3%
Operating Margin
33.5%
Net Margin
420.2%
39.4%
Revenue YoY
297.9%
Net Profit YoY
555.9%
134.0%
EPS (diluted)
$2.43
$0.47

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
ARR
ARR
SLNO
SLNO
Q4 25
$50.4M
Q3 25
$38.5M
$66.0M
Q2 25
$33.1M
$32.7M
Q1 25
$36.3M
Q4 24
$12.7M
Q2 24
$7.0M
Q1 23
$12.2M
Q4 22
$11.6M
Net Profit
ARR
ARR
SLNO
SLNO
Q4 25
$211.7M
Q3 25
$159.3M
$26.0M
Q2 25
$-75.6M
$-4.7M
Q1 25
$27.3M
Q4 24
$-46.4M
Q2 24
$-48.4M
Q1 23
$-31.4M
Q4 22
Gross Margin
ARR
ARR
SLNO
SLNO
Q4 25
Q3 25
98.3%
Q2 25
97.9%
Q1 25
Q4 24
Q2 24
Q1 23
Q4 22
Operating Margin
ARR
ARR
SLNO
SLNO
Q4 25
Q3 25
33.5%
Q2 25
-20.0%
Q1 25
Q4 24
Q2 24
Q1 23
Q4 22
Net Margin
ARR
ARR
SLNO
SLNO
Q4 25
420.2%
Q3 25
413.5%
39.4%
Q2 25
-228.4%
-14.4%
Q1 25
75.2%
Q4 24
-366.8%
Q2 24
-693.8%
Q1 23
-256.8%
Q4 22
EPS (diluted)
ARR
ARR
SLNO
SLNO
Q4 25
$2.43
Q3 25
$1.49
$0.47
Q2 25
$-0.94
$-0.09
Q1 25
$0.32
Q4 24
$-0.91
Q2 24
$-1.05
Q1 23
$-0.95
Q4 22

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$63.3M
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$494.8M
Total Assets
$21.0B
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
SLNO
SLNO
Q4 25
$63.3M
Q3 25
$44.2M
$498.9M
Q2 25
$141.2M
$286.8M
Q1 25
$49.1M
Q4 24
$68.0M
Q2 24
$126.6M
Q1 23
Q4 22
$87.3M
Stockholders' Equity
ARR
ARR
SLNO
SLNO
Q4 25
$2.3B
Q3 25
$2.1B
$494.8M
Q2 25
$1.7B
$240.1M
Q1 25
$1.7B
Q4 24
$1.4B
Q2 24
$1.2B
Q1 23
$1.2B
Q4 22
$1.1B
Total Assets
ARR
ARR
SLNO
SLNO
Q4 25
$21.0B
Q3 25
$19.4B
$599.9M
Q2 25
$16.2B
$332.3M
Q1 25
$15.5B
Q4 24
$13.5B
Q2 24
$10.1B
Q1 23
$13.2B
Q4 22
$9.4B

Cash Flow & Capital Efficiency

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

Metric
ARR
ARR
SLNO
SLNO
Operating Cash FlowLast quarter
$124.2M
$43.5M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.59×
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
SLNO
SLNO
Q4 25
$124.2M
Q3 25
$-37.8M
$43.5M
Q2 25
$25.0M
$-12.6M
Q1 25
$101.5M
Q4 24
$261.5M
Q2 24
$27.1M
Q1 23
$54.2M
Q4 22
$124.1M
Free Cash Flow
ARR
ARR
SLNO
SLNO
Q4 25
Q3 25
$43.5M
Q2 25
$-12.6M
Q1 25
Q4 24
Q2 24
Q1 23
Q4 22
FCF Margin
ARR
ARR
SLNO
SLNO
Q4 25
Q3 25
65.8%
Q2 25
-38.6%
Q1 25
Q4 24
Q2 24
Q1 23
Q4 22
Capex Intensity
ARR
ARR
SLNO
SLNO
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
Q4 24
Q2 24
Q1 23
Q4 22
Cash Conversion
ARR
ARR
SLNO
SLNO
Q4 25
0.59×
Q3 25
-0.24×
1.67×
Q2 25
Q1 25
3.71×
Q4 24
Q2 24
Q1 23
Q4 22

Financial Flow Comparison

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

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