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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

Cheer Holding, Inc. is the larger business by last-quarter revenue ($71.0M vs $66.0M, roughly 1.1× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs 10.9%, a 28.5% gap on every dollar of revenue.

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

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.

CHR vs SLNO — Head-to-Head

Bigger by revenue
CHR
CHR
1.1× larger
CHR
$71.0M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
28.5% more per $
SLNO
39.4%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
CHR
CHR
SLNO
SLNO
Revenue
$71.0M
$66.0M
Net Profit
$7.8M
$26.0M
Gross Margin
70.7%
98.3%
Operating Margin
11.7%
33.5%
Net Margin
10.9%
39.4%
Revenue YoY
-0.1%
Net Profit YoY
-37.5%
134.0%
EPS (diluted)
$0.67
$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
CHR
CHR
SLNO
SLNO
Q3 25
$66.0M
Q2 25
$71.0M
$32.7M
Q2 24
$71.1M
Net Profit
CHR
CHR
SLNO
SLNO
Q3 25
$26.0M
Q2 25
$7.8M
$-4.7M
Q2 24
$12.4M
Gross Margin
CHR
CHR
SLNO
SLNO
Q3 25
98.3%
Q2 25
70.7%
97.9%
Q2 24
73.4%
Operating Margin
CHR
CHR
SLNO
SLNO
Q3 25
33.5%
Q2 25
11.7%
-20.0%
Q2 24
16.4%
Net Margin
CHR
CHR
SLNO
SLNO
Q3 25
39.4%
Q2 25
10.9%
-14.4%
Q2 24
17.5%
EPS (diluted)
CHR
CHR
SLNO
SLNO
Q3 25
$0.47
Q2 25
$0.67
$-0.09
Q2 24
$1.23

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$494.8M
Total Assets
$362.7M
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
SLNO
SLNO
Q3 25
$498.9M
Q2 25
$286.8M
Q2 24
$186.1M
Stockholders' Equity
CHR
CHR
SLNO
SLNO
Q3 25
$494.8M
Q2 25
$322.1M
$240.1M
Q2 24
$286.1M
Total Assets
CHR
CHR
SLNO
SLNO
Q3 25
$599.9M
Q2 25
$362.7M
$332.3M
Q2 24
$333.2M

Cash Flow & Capital Efficiency

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

Metric
CHR
CHR
SLNO
SLNO
Operating Cash FlowLast quarter
$3.9M
$43.5M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.51×
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
SLNO
SLNO
Q3 25
$43.5M
Q2 25
$3.9M
$-12.6M
Q2 24
$-6.7M
Free Cash Flow
CHR
CHR
SLNO
SLNO
Q3 25
$43.5M
Q2 25
$-12.6M
Q2 24
FCF Margin
CHR
CHR
SLNO
SLNO
Q3 25
65.8%
Q2 25
-38.6%
Q2 24
Capex Intensity
CHR
CHR
SLNO
SLNO
Q3 25
0.0%
Q2 25
0.0%
Q2 24
Cash Conversion
CHR
CHR
SLNO
SLNO
Q3 25
1.67×
Q2 25
0.51×
Q2 24
-0.54×

Financial Flow Comparison

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

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