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Side-by-side financial comparison of Webull Corp (BULL) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

Webull Corp is the larger business by last-quarter revenue ($131.5M vs $66.0M, roughly 2.0× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs -21.5%, a 60.9% gap on every dollar of revenue. Webull Corp produced more free cash flow last quarter ($271.7M vs $43.5M).

Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.

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.

BULL vs SLNO — Head-to-Head

Bigger by revenue
BULL
BULL
2.0× larger
BULL
$131.5M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
60.9% more per $
SLNO
39.4%
-21.5%
BULL
More free cash flow
BULL
BULL
$228.2M more FCF
BULL
$271.7M
$43.5M
SLNO

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
BULL
BULL
SLNO
SLNO
Revenue
$131.5M
$66.0M
Net Profit
$-28.3M
$26.0M
Gross Margin
98.3%
Operating Margin
-16.3%
33.5%
Net Margin
-21.5%
39.4%
Revenue YoY
46.3%
Net Profit YoY
-144.3%
134.0%
EPS (diluted)
$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
BULL
BULL
SLNO
SLNO
Q3 25
$66.0M
Q2 25
$131.5M
$32.7M
Q2 24
$89.9M
Net Profit
BULL
BULL
SLNO
SLNO
Q3 25
$26.0M
Q2 25
$-28.3M
$-4.7M
Q2 24
$-11.6M
Gross Margin
BULL
BULL
SLNO
SLNO
Q3 25
98.3%
Q2 25
97.9%
Q2 24
Operating Margin
BULL
BULL
SLNO
SLNO
Q3 25
33.5%
Q2 25
-16.3%
-20.0%
Q2 24
-11.4%
Net Margin
BULL
BULL
SLNO
SLNO
Q3 25
39.4%
Q2 25
-21.5%
-14.4%
Q2 24
-12.9%
EPS (diluted)
BULL
BULL
SLNO
SLNO
Q3 25
$0.47
Q2 25
$-0.09
Q2 24

Balance Sheet & Financial Strength

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

Metric
BULL
BULL
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$476.7M
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$751.6M
$494.8M
Total Assets
$2.6B
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BULL
BULL
SLNO
SLNO
Q3 25
$498.9M
Q2 25
$476.7M
$286.8M
Q2 24
Stockholders' Equity
BULL
BULL
SLNO
SLNO
Q3 25
$494.8M
Q2 25
$751.6M
$240.1M
Q2 24
$-2.9B
Total Assets
BULL
BULL
SLNO
SLNO
Q3 25
$599.9M
Q2 25
$2.6B
$332.3M
Q2 24

Cash Flow & Capital Efficiency

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

Metric
BULL
BULL
SLNO
SLNO
Operating Cash FlowLast quarter
$272.1M
$43.5M
Free Cash FlowOCF − Capex
$271.7M
$43.5M
FCF MarginFCF / Revenue
206.6%
65.8%
Capex IntensityCapex / Revenue
0.3%
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
BULL
BULL
SLNO
SLNO
Q3 25
$43.5M
Q2 25
$272.1M
$-12.6M
Q2 24
Free Cash Flow
BULL
BULL
SLNO
SLNO
Q3 25
$43.5M
Q2 25
$271.7M
$-12.6M
Q2 24
FCF Margin
BULL
BULL
SLNO
SLNO
Q3 25
65.8%
Q2 25
206.6%
-38.6%
Q2 24
Capex Intensity
BULL
BULL
SLNO
SLNO
Q3 25
0.0%
Q2 25
0.3%
0.0%
Q2 24
Cash Conversion
BULL
BULL
SLNO
SLNO
Q3 25
1.67×
Q2 25
Q2 24

Financial Flow Comparison

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

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