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Side-by-side financial comparison of Black Rock Coffee Bar, Inc. (BRCB) 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 $51.5M, roughly 1.3× Black Rock Coffee Bar, Inc.). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs -1.4%, a 40.8% gap on every dollar of revenue. SOLENO THERAPEUTICS INC produced more free cash flow last quarter ($43.5M vs $-25.8M).

Black Rock Coffee Bar, Inc. is a U.S.-based specialty coffee retail chain that offers handcrafted premium coffee beverages, energy drinks, baked goods, and light snacks. It operates in-store and drive-thru locations primarily across western U.S. states, prioritizing high-quality customizable products and community-focused consumer experiences.

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.

BRCB vs SLNO — Head-to-Head

Bigger by revenue
SLNO
SLNO
1.3× larger
SLNO
$66.0M
$51.5M
BRCB
Higher net margin
SLNO
SLNO
40.8% more per $
SLNO
39.4%
-1.4%
BRCB
More free cash flow
SLNO
SLNO
$69.3M more FCF
SLNO
$43.5M
$-25.8M
BRCB

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BRCB
BRCB
SLNO
SLNO
Revenue
$51.5M
$66.0M
Net Profit
$-712.0K
$26.0M
Gross Margin
98.3%
Operating Margin
-12.4%
33.5%
Net Margin
-1.4%
39.4%
Revenue YoY
Net Profit YoY
134.0%
EPS (diluted)
$-0.05
$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
BRCB
BRCB
SLNO
SLNO
Q3 25
$51.5M
$66.0M
Q2 25
$32.7M
Net Profit
BRCB
BRCB
SLNO
SLNO
Q3 25
$-712.0K
$26.0M
Q2 25
$-4.7M
Gross Margin
BRCB
BRCB
SLNO
SLNO
Q3 25
98.3%
Q2 25
97.9%
Operating Margin
BRCB
BRCB
SLNO
SLNO
Q3 25
-12.4%
33.5%
Q2 25
-20.0%
Net Margin
BRCB
BRCB
SLNO
SLNO
Q3 25
-1.4%
39.4%
Q2 25
-14.4%
EPS (diluted)
BRCB
BRCB
SLNO
SLNO
Q3 25
$-0.05
$0.47
Q2 25
$-0.09

Balance Sheet & Financial Strength

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

Metric
BRCB
BRCB
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$32.6M
$498.9M
Total DebtLower is stronger
$20.0M
Stockholders' EquityBook value
$43.0M
$494.8M
Total Assets
$323.2M
$599.9M
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRCB
BRCB
SLNO
SLNO
Q3 25
$32.6M
$498.9M
Q2 25
$286.8M
Total Debt
BRCB
BRCB
SLNO
SLNO
Q3 25
$20.0M
Q2 25
Stockholders' Equity
BRCB
BRCB
SLNO
SLNO
Q3 25
$43.0M
$494.8M
Q2 25
$240.1M
Total Assets
BRCB
BRCB
SLNO
SLNO
Q3 25
$323.2M
$599.9M
Q2 25
$332.3M
Debt / Equity
BRCB
BRCB
SLNO
SLNO
Q3 25
0.46×
Q2 25

Cash Flow & Capital Efficiency

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

Metric
BRCB
BRCB
SLNO
SLNO
Operating Cash FlowLast quarter
$-2.9M
$43.5M
Free Cash FlowOCF − Capex
$-25.8M
$43.5M
FCF MarginFCF / Revenue
-50.2%
65.8%
Capex IntensityCapex / Revenue
44.5%
0.0%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRCB
BRCB
SLNO
SLNO
Q3 25
$-2.9M
$43.5M
Q2 25
$-12.6M
Free Cash Flow
BRCB
BRCB
SLNO
SLNO
Q3 25
$-25.8M
$43.5M
Q2 25
$-12.6M
FCF Margin
BRCB
BRCB
SLNO
SLNO
Q3 25
-50.2%
65.8%
Q2 25
-38.6%
Capex Intensity
BRCB
BRCB
SLNO
SLNO
Q3 25
44.5%
0.0%
Q2 25
0.0%
Cash Conversion
BRCB
BRCB
SLNO
SLNO
Q3 25
1.67×
Q2 25

Financial Flow Comparison

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

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