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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
Bluerock Homes Trust, Inc. is the larger business by last-quarter revenue ($18.9M vs $13.2M, roughly 1.4× TriSalus Life Sciences, Inc.). Bluerock Homes Trust, Inc. runs the higher net margin — -50.1% vs -73.9%, a 23.7% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 35.9%). Bluerock Homes Trust, Inc. produced more free cash flow last quarter ($10.4M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 30.1%).
Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
BHM vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $13.2M |
| Net Profit | $-9.5M | $-9.8M |
| Gross Margin | — | 86.7% |
| Operating Margin | -48.8% | -24.8% |
| Net Margin | -50.1% | -73.9% |
| Revenue YoY | 35.9% | 59.8% |
| Net Profit YoY | -29.9% | 3.5% |
| EPS (diluted) | $-0.75 | $-0.22 |
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.
| Q4 25 | $18.9M | $13.2M | ||
| Q3 25 | $16.6M | $11.6M | ||
| Q2 25 | $16.8M | $11.2M | ||
| Q1 25 | $16.4M | $9.2M | ||
| Q4 24 | $13.9M | $8.3M | ||
| Q3 24 | $12.7M | $7.3M | ||
| Q2 24 | $12.5M | $7.4M | ||
| Q1 24 | $11.2M | $6.5M |
| Q4 25 | $-9.5M | $-9.8M | ||
| Q3 25 | $-10.0M | $-10.8M | ||
| Q2 25 | $-5.8M | $-8.3M | ||
| Q1 25 | $-7.3M | $-10.4M | ||
| Q4 24 | $-7.3M | $-10.1M | ||
| Q3 24 | $3.5M | $-2.4M | ||
| Q2 24 | $-5.2M | $-4.3M | ||
| Q1 24 | $-3.2M | $-13.2M |
| Q4 25 | — | 86.7% | ||
| Q3 25 | — | 83.5% | ||
| Q2 25 | — | 83.9% | ||
| Q1 25 | — | 83.7% | ||
| Q4 24 | — | 85.3% | ||
| Q3 24 | — | 86.3% | ||
| Q2 24 | — | 87.6% | ||
| Q1 24 | — | 85.0% |
| Q4 25 | -48.8% | -24.8% | ||
| Q3 25 | -57.6% | -77.9% | ||
| Q2 25 | -30.9% | -65.4% | ||
| Q1 25 | -42.6% | -79.9% | ||
| Q4 24 | -52.8% | -91.8% | ||
| Q3 24 | 27.9% | -118.9% | ||
| Q2 24 | -41.3% | -111.0% | ||
| Q1 24 | -28.4% | -180.8% |
| Q4 25 | -50.1% | -73.9% | ||
| Q3 25 | -60.0% | -93.5% | ||
| Q2 25 | -34.7% | -73.9% | ||
| Q1 25 | -44.7% | -113.2% | ||
| Q4 24 | -52.8% | -122.4% | ||
| Q3 24 | 27.9% | -32.6% | ||
| Q2 24 | -41.3% | -58.8% | ||
| Q1 24 | -28.4% | -204.5% |
| Q4 25 | $-0.75 | $-0.22 | ||
| Q3 25 | $-0.94 | $-0.96 | ||
| Q2 25 | $-0.66 | $-0.27 | ||
| Q1 25 | $-0.67 | $-0.39 | ||
| Q4 24 | $-0.65 | $-0.38 | ||
| Q3 24 | $0.24 | $-0.12 | ||
| Q2 24 | $-0.42 | $-0.21 | ||
| Q1 24 | $-0.27 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $169.6M | $20.4M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $128.7M | $-33.9M |
| Total Assets | $1.2B | $35.3M |
| Debt / EquityLower = less leverage | 3.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $169.6M | $20.4M | ||
| Q3 25 | $2.1M | $22.7M | ||
| Q2 25 | $4.2M | $26.5M | ||
| Q1 25 | $3.0M | $13.0M | ||
| Q4 24 | $115.2M | $8.5M | ||
| Q3 24 | $155.1M | $11.3M | ||
| Q2 24 | $116.0M | $16.5M | ||
| Q1 24 | $92.3M | $4.0M |
| Q4 25 | $428.4M | — | ||
| Q3 25 | $415.9M | — | ||
| Q2 25 | $338.6M | — | ||
| Q1 25 | $336.5M | — | ||
| Q4 24 | $373.8M | — | ||
| Q3 24 | $122.5M | — | ||
| Q2 24 | $119.7M | — | ||
| Q1 24 | $120.2M | — |
| Q4 25 | $128.7M | $-33.9M | ||
| Q3 25 | $131.7M | $-26.7M | ||
| Q2 25 | $135.3M | $-19.4M | ||
| Q1 25 | $137.1M | $-34.4M | ||
| Q4 24 | $139.1M | $-25.9M | ||
| Q3 24 | $142.9M | $-20.4M | ||
| Q2 24 | $142.5M | $-25.3M | ||
| Q1 24 | $144.5M | $-36.0M |
| Q4 25 | $1.2B | $35.3M | ||
| Q3 25 | $222.1M | $36.5M | ||
| Q2 25 | $220.3M | $41.3M | ||
| Q1 25 | $186.2M | $28.6M | ||
| Q4 24 | $967.0M | $24.0M | ||
| Q3 24 | $800.8M | $27.5M | ||
| Q2 24 | $756.2M | $32.4M | ||
| Q1 24 | $727.4M | $17.9M |
| Q4 25 | 3.33× | — | ||
| Q3 25 | 3.16× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 2.45× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.83× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.8M | $-2.5M |
| Free Cash FlowOCF − Capex | $10.4M | $-2.5M |
| FCF MarginFCF / Revenue | 55.0% | -19.1% |
| Capex IntensityCapex / Revenue | 91.8% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.0M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.8M | $-2.5M | ||
| Q3 25 | $13.4M | $-3.7M | ||
| Q2 25 | $13.9M | $-7.3M | ||
| Q1 25 | $951.0K | $-4.5M | ||
| Q4 24 | $9.1M | $-5.7M | ||
| Q3 24 | $1.7M | $-10.8M | ||
| Q2 24 | $1.3M | $-13.4M | ||
| Q1 24 | $1.1M | $-10.9M |
| Q4 25 | $10.4M | $-2.5M | ||
| Q3 25 | $8.7M | $-3.9M | ||
| Q2 25 | $8.8M | $-7.4M | ||
| Q1 25 | $-2.9M | $-5.3M | ||
| Q4 24 | $-253.0K | $-5.8M | ||
| Q3 24 | $-601.0K | $-11.0M | ||
| Q2 24 | $-654.0K | $-13.5M | ||
| Q1 24 | $-630.0K | $-10.9M |
| Q4 25 | 55.0% | -19.1% | ||
| Q3 25 | 52.4% | -33.9% | ||
| Q2 25 | 52.2% | -66.1% | ||
| Q1 25 | -17.6% | -57.3% | ||
| Q4 24 | -1.8% | -69.7% | ||
| Q3 24 | -4.7% | -149.9% | ||
| Q2 24 | -5.2% | -183.1% | ||
| Q1 24 | -5.6% | -169.3% |
| Q4 25 | 91.8% | 0.3% | ||
| Q3 25 | 28.5% | 1.9% | ||
| Q2 25 | 30.3% | 0.8% | ||
| Q1 25 | 23.4% | 8.2% | ||
| Q4 24 | 66.9% | 0.6% | ||
| Q3 24 | 18.0% | 2.3% | ||
| Q2 24 | 15.3% | 0.8% | ||
| Q1 24 | 15.5% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
TLSI
Segment breakdown not available.
