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Side-by-side financial comparison of Biofrontera Inc. (BFRI) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $17.1M, roughly 1.0× Biofrontera Inc.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 33.0%, a 34.3% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 36.2%).

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

BFRI vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.0× larger
SLGL
$17.3M
$17.1M
BFRI
Growing faster (revenue YoY)
SLGL
SLGL
+181.5% gap
SLGL
217.7%
36.2%
BFRI
Higher net margin
SLGL
SLGL
34.3% more per $
SLGL
67.3%
33.0%
BFRI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BFRI
BFRI
SLGL
SLGL
Revenue
$17.1M
$17.3M
Net Profit
$5.6M
$11.6M
Gross Margin
Operating Margin
26.6%
65.1%
Net Margin
33.0%
67.3%
Revenue YoY
36.2%
217.7%
Net Profit YoY
504.0%
487.6%
EPS (diluted)
$0.62
$4.17

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
BFRI
BFRI
SLGL
SLGL
Q4 25
$17.1M
Q3 25
$7.0M
Q2 25
$9.0M
$17.3M
Q1 25
$8.6M
Q4 24
$12.6M
Q3 24
$9.0M
Q2 24
$7.8M
$5.4M
Q1 24
$7.9M
Net Profit
BFRI
BFRI
SLGL
SLGL
Q4 25
$5.6M
Q3 25
$-6.6M
Q2 25
$-5.3M
$11.6M
Q1 25
$-4.2M
Q4 24
$-1.4M
Q3 24
$-5.7M
Q2 24
$-257.0K
$2.0M
Q1 24
$-10.4M
Operating Margin
BFRI
BFRI
SLGL
SLGL
Q4 25
26.6%
Q3 25
-89.8%
Q2 25
-56.2%
65.1%
Q1 25
-52.9%
Q4 24
-13.6%
Q3 24
-55.0%
Q2 24
-64.7%
29.9%
Q1 24
-69.1%
Net Margin
BFRI
BFRI
SLGL
SLGL
Q4 25
33.0%
Q3 25
-95.1%
Q2 25
-59.0%
67.3%
Q1 25
-48.9%
Q4 24
-11.1%
Q3 24
-62.9%
Q2 24
-3.3%
36.4%
Q1 24
-131.9%
EPS (diluted)
BFRI
BFRI
SLGL
SLGL
Q4 25
$0.62
Q3 25
$-0.62
Q2 25
$-0.57
$4.17
Q1 25
$-0.47
Q4 24
$0.69
Q3 24
$-0.98
Q2 24
$-0.05
$0.71
Q1 24
$-2.88

Balance Sheet & Financial Strength

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

Metric
BFRI
BFRI
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$6.4M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.5M
$31.9M
Total Assets
$28.6M
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFRI
BFRI
SLGL
SLGL
Q4 25
$6.4M
Q3 25
$3.4M
Q2 25
$7.2M
$24.3M
Q1 25
$1.8M
Q4 24
$5.9M
Q3 24
$2.9M
Q2 24
$4.4M
$26.5M
Q1 24
$3.8M
Stockholders' Equity
BFRI
BFRI
SLGL
SLGL
Q4 25
$10.5M
Q3 25
$-2.6M
Q2 25
$-4.7M
$31.9M
Q1 25
$500.0K
Q4 24
$4.4M
Q3 24
$5.5M
Q2 24
$10.9M
$34.9M
Q1 24
$-5.4M
Total Assets
BFRI
BFRI
SLGL
SLGL
Q4 25
$28.6M
Q3 25
$15.4M
Q2 25
$20.1M
$39.3M
Q1 25
$16.6M
Q4 24
$22.1M
Q3 24
$18.5M
Q2 24
$21.6M
$42.0M
Q1 24
$24.6M

Cash Flow & Capital Efficiency

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

Metric
BFRI
BFRI
SLGL
SLGL
Operating Cash FlowLast quarter
$-2.4M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-13.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$-13.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFRI
BFRI
SLGL
SLGL
Q4 25
$-2.4M
Q3 25
$-3.8M
Q2 25
$-3.0M
Q1 25
$-4.1M
Q4 24
$-1.0M
Q3 24
$-1.2M
Q2 24
$-4.7M
Q1 24
$-3.3M
Free Cash Flow
BFRI
BFRI
SLGL
SLGL
Q4 25
$-2.4M
Q3 25
$-3.8M
Q2 25
$-3.0M
Q1 25
$-4.1M
Q4 24
$-1.0M
Q3 24
Q2 24
$-4.8M
Q1 24
$-3.4M
FCF Margin
BFRI
BFRI
SLGL
SLGL
Q4 25
-13.9%
Q3 25
-54.7%
Q2 25
-33.7%
Q1 25
-48.0%
Q4 24
-8.1%
Q3 24
Q2 24
-60.8%
Q1 24
-42.7%
Capex Intensity
BFRI
BFRI
SLGL
SLGL
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.6%
Q1 24
0.7%
Cash Conversion
BFRI
BFRI
SLGL
SLGL
Q4 25
-0.42×
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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