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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $7.3M, roughly 1.8× Coda Octopus Group, Inc.). Coda Octopus Group, Inc. runs the higher net margin — 14.1% vs -73.9%, a 88.0% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 43.8%). Coda Octopus Group, Inc. produced more free cash flow last quarter ($2.5M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 27.7%).
CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...
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.
CODA vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.3M | $13.2M |
| Net Profit | $1.0M | $-9.8M |
| Gross Margin | 67.6% | 86.7% |
| Operating Margin | 19.3% | -24.8% |
| Net Margin | 14.1% | -73.9% |
| Revenue YoY | 43.8% | 59.8% |
| Net Profit YoY | 214.3% | 3.5% |
| EPS (diluted) | $0.10 | $-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 | $7.3M | $13.2M | ||
| Q3 25 | $7.1M | $11.6M | ||
| Q2 25 | $7.0M | $11.2M | ||
| Q1 25 | $5.2M | $9.2M | ||
| Q4 24 | $5.1M | $8.3M | ||
| Q3 24 | $5.5M | $7.3M | ||
| Q2 24 | $5.3M | $7.4M | ||
| Q1 24 | $4.5M | $6.5M |
| Q4 25 | $1.0M | $-9.8M | ||
| Q3 25 | $1.3M | $-10.8M | ||
| Q2 25 | $908.8K | $-8.3M | ||
| Q1 25 | $913.0K | $-10.4M | ||
| Q4 24 | $326.2K | $-10.1M | ||
| Q3 24 | $1.3M | $-2.4M | ||
| Q2 24 | $1.4M | $-4.3M | ||
| Q1 24 | $629.9K | $-13.2M |
| Q4 25 | 67.6% | 86.7% | ||
| Q3 25 | 68.3% | 83.5% | ||
| Q2 25 | 64.1% | 83.9% | ||
| Q1 25 | 65.8% | 83.7% | ||
| Q4 24 | 65.3% | 85.3% | ||
| Q3 24 | 73.9% | 86.3% | ||
| Q2 24 | 70.2% | 87.6% | ||
| Q1 24 | 69.2% | 85.0% |
| Q4 25 | 19.3% | -24.8% | ||
| Q3 25 | 19.5% | -77.9% | ||
| Q2 25 | 15.5% | -65.4% | ||
| Q1 25 | 12.7% | -79.9% | ||
| Q4 24 | 5.7% | -91.8% | ||
| Q3 24 | 25.4% | -118.9% | ||
| Q2 24 | 25.4% | -111.0% | ||
| Q1 24 | 12.4% | -180.8% |
| Q4 25 | 14.1% | -73.9% | ||
| Q3 25 | 18.2% | -93.5% | ||
| Q2 25 | 13.0% | -73.9% | ||
| Q1 25 | 17.5% | -113.2% | ||
| Q4 24 | 6.5% | -122.4% | ||
| Q3 24 | 23.3% | -32.6% | ||
| Q2 24 | 26.6% | -58.8% | ||
| Q1 24 | 14.1% | -204.5% |
| Q4 25 | $0.10 | $-0.22 | ||
| Q3 25 | $0.11 | $-0.96 | ||
| Q2 25 | $0.08 | $-0.27 | ||
| Q1 25 | $0.08 | $-0.39 | ||
| Q4 24 | $0.02 | $-0.38 | ||
| Q3 24 | $0.11 | $-0.12 | ||
| Q2 24 | $0.13 | $-0.21 | ||
| Q1 24 | $0.06 | $-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 | $28.7M | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.1M | $-33.9M |
| Total Assets | $64.5M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.7M | $20.4M | ||
| Q3 25 | $26.2M | $22.7M | ||
| Q2 25 | $24.5M | $26.5M | ||
| Q1 25 | $22.5M | $13.0M | ||
| Q4 24 | $22.5M | $8.5M | ||
| Q3 24 | $25.2M | $11.3M | ||
| Q2 24 | $23.7M | $16.5M | ||
| Q1 24 | $25.0M | $4.0M |
| Q4 25 | $58.1M | $-33.9M | ||
| Q3 25 | $57.3M | $-26.7M | ||
| Q2 25 | $55.9M | $-19.4M | ||
| Q1 25 | $53.1M | $-34.4M | ||
| Q4 24 | $53.1M | $-25.9M | ||
| Q3 24 | $52.8M | $-20.4M | ||
| Q2 24 | $51.1M | $-25.3M | ||
| Q1 24 | $50.1M | $-36.0M |
| Q4 25 | $64.5M | $35.3M | ||
| Q3 25 | $61.9M | $36.5M | ||
| Q2 25 | $60.6M | $41.3M | ||
| Q1 25 | $56.9M | $28.6M | ||
| Q4 24 | $57.5M | $24.0M | ||
| Q3 24 | $55.9M | $27.5M | ||
| Q2 24 | $54.0M | $32.4M | ||
| Q1 24 | $53.0M | $17.9M |
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 | $2.9M | $-2.5M |
| Free Cash FlowOCF − Capex | $2.5M | $-2.5M |
| FCF MarginFCF / Revenue | 34.9% | -19.1% |
| Capex IntensityCapex / Revenue | 5.0% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.0M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $-2.5M | ||
| Q3 25 | $2.2M | $-3.7M | ||
| Q2 25 | $1.5M | $-7.3M | ||
| Q1 25 | $641.5K | $-4.5M | ||
| Q4 24 | $2.0M | $-5.7M | ||
| Q3 24 | $1.7M | $-10.8M | ||
| Q2 24 | $-955.8K | $-13.4M | ||
| Q1 24 | $-298.0K | $-10.9M |
| Q4 25 | $2.5M | $-2.5M | ||
| Q3 25 | $1.6M | $-3.9M | ||
| Q2 25 | $1.4M | $-7.4M | ||
| Q1 25 | $513.4K | $-5.3M | ||
| Q4 24 | $1.9M | $-5.8M | ||
| Q3 24 | $1.5M | $-11.0M | ||
| Q2 24 | $-1.1M | $-13.5M | ||
| Q1 24 | $-433.6K | $-10.9M |
| Q4 25 | 34.9% | -19.1% | ||
| Q3 25 | 22.6% | -33.9% | ||
| Q2 25 | 19.9% | -66.1% | ||
| Q1 25 | 9.9% | -57.3% | ||
| Q4 24 | 38.5% | -69.7% | ||
| Q3 24 | 28.2% | -149.9% | ||
| Q2 24 | -20.9% | -183.1% | ||
| Q1 24 | -9.7% | -169.3% |
| Q4 25 | 5.0% | 0.3% | ||
| Q3 25 | 8.6% | 1.9% | ||
| Q2 25 | 1.0% | 0.8% | ||
| Q1 25 | 2.5% | 8.2% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | 3.0% | 2.3% | ||
| Q2 24 | 2.9% | 0.8% | ||
| Q1 24 | 3.0% | 1.0% |
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 6.11× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -0.68× | — | ||
| Q1 24 | -0.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CODA
| Segment Reporting | $3.1M | 42% |
| Transferred At Point In Time | $1.8M | 24% |
| Precision Acoustics Limited | $1.3M | 18% |
| Other | $1.1M | 15% |
TLSI
Segment breakdown not available.
