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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

Ategrity Specialty Insurance Co Holdings is the larger business by last-quarter revenue ($116.1M vs $66.0M, roughly 1.8× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs 19.5%, a 19.9% gap on every dollar of revenue.

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

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.

ASIC vs SLNO — Head-to-Head

Bigger by revenue
ASIC
ASIC
1.8× larger
ASIC
$116.1M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
19.9% more per $
SLNO
39.4%
19.5%
ASIC

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ASIC
ASIC
SLNO
SLNO
Revenue
$116.1M
$66.0M
Net Profit
$22.7M
$26.0M
Gross Margin
98.3%
Operating Margin
25.6%
33.5%
Net Margin
19.5%
39.4%
Revenue YoY
Net Profit YoY
134.0%
EPS (diluted)
$0.45
$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
ASIC
ASIC
SLNO
SLNO
Q3 25
$116.1M
$66.0M
Q2 25
$101.8M
$32.7M
Net Profit
ASIC
ASIC
SLNO
SLNO
Q3 25
$22.7M
$26.0M
Q2 25
$17.6M
$-4.7M
Gross Margin
ASIC
ASIC
SLNO
SLNO
Q3 25
98.3%
Q2 25
97.9%
Operating Margin
ASIC
ASIC
SLNO
SLNO
Q3 25
25.6%
33.5%
Q2 25
21.9%
-20.0%
Net Margin
ASIC
ASIC
SLNO
SLNO
Q3 25
19.5%
39.4%
Q2 25
17.3%
-14.4%
EPS (diluted)
ASIC
ASIC
SLNO
SLNO
Q3 25
$0.45
$0.47
Q2 25
$0.39
$-0.09

Balance Sheet & Financial Strength

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

Metric
ASIC
ASIC
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$34.3M
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$588.6M
$494.8M
Total Assets
$1.4B
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
SLNO
SLNO
Q3 25
$34.3M
$498.9M
Q2 25
$23.5M
$286.8M
Stockholders' Equity
ASIC
ASIC
SLNO
SLNO
Q3 25
$588.6M
$494.8M
Q2 25
$559.7M
$240.1M
Total Assets
ASIC
ASIC
SLNO
SLNO
Q3 25
$1.4B
$599.9M
Q2 25
$1.4B
$332.3M

Cash Flow & Capital Efficiency

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

Metric
ASIC
ASIC
SLNO
SLNO
Operating Cash FlowLast quarter
$41.1M
$43.5M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.81×
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
SLNO
SLNO
Q3 25
$41.1M
$43.5M
Q2 25
$50.8M
$-12.6M
Free Cash Flow
ASIC
ASIC
SLNO
SLNO
Q3 25
$43.5M
Q2 25
$-12.6M
FCF Margin
ASIC
ASIC
SLNO
SLNO
Q3 25
65.8%
Q2 25
-38.6%
Capex Intensity
ASIC
ASIC
SLNO
SLNO
Q3 25
0.0%
Q2 25
0.0%
Cash Conversion
ASIC
ASIC
SLNO
SLNO
Q3 25
1.81×
1.67×
Q2 25
2.88×

Financial Flow Comparison

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

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