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Side-by-side financial comparison of Coya Therapeutics, Inc. (COYA) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.

Coya Therapeutics, Inc. is the larger business by last-quarter revenue ($4.0M vs $3.6M, roughly 1.1× Solid Power, Inc.). On growth, Coya Therapeutics, Inc. posted the faster year-over-year revenue change (202768.8% vs -18.6%).

Coya Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing innovative regulatory T cell (Treg)-based therapies to address unmet medical needs for patients with neurodegenerative, autoimmune, and inflammatory diseases. Its core pipeline includes lead candidates targeting conditions like amyotrophic lateral sclerosis, with primary planned commercial markets across North America and the European Union.

Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.

COYA vs SLDP — Head-to-Head

Bigger by revenue
COYA
COYA
1.1× larger
COYA
$4.0M
$3.6M
SLDP
Growing faster (revenue YoY)
COYA
COYA
+202787.4% gap
COYA
202768.8%
-18.6%
SLDP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COYA
COYA
SLDP
SLDP
Revenue
$4.0M
$3.6M
Net Profit
Gross Margin
Operating Margin
-730.1%
Net Margin
Revenue YoY
202768.8%
-18.6%
Net Profit YoY
-95.8%
EPS (diluted)
$-0.15

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
COYA
COYA
SLDP
SLDP
Q4 25
$4.0M
$3.6M
Q3 25
$3.6M
$3.7M
Q2 25
$6.5M
Q1 25
$6.0M
Q4 24
$4.5M
Q3 24
$0
$4.7M
Q2 24
$3.4M
$5.1M
Q1 24
$6.0M
Net Profit
COYA
COYA
SLDP
SLDP
Q4 25
Q3 25
$-2.1M
$-25.9M
Q2 25
$-25.3M
Q1 25
$-15.2M
Q4 24
Q3 24
$-4.0M
$-22.4M
Q2 24
$-2.9M
$-22.3M
Q1 24
$-21.2M
Operating Margin
COYA
COYA
SLDP
SLDP
Q4 25
-730.1%
Q3 25
-68.3%
-654.4%
Q2 25
-398.9%
Q1 25
-399.4%
Q4 24
-561.1%
Q3 24
-593.2%
Q2 24
-94.5%
-530.8%
Q1 24
-433.1%
Net Margin
COYA
COYA
SLDP
SLDP
Q4 25
Q3 25
-59.4%
-693.1%
Q2 25
-390.7%
Q1 25
-251.8%
Q4 24
Q3 24
-482.0%
Q2 24
-84.4%
-438.9%
Q1 24
-356.2%
EPS (diluted)
COYA
COYA
SLDP
SLDP
Q4 25
$-0.15
Q3 25
$-0.13
$-0.14
Q2 25
$-0.14
Q1 25
$-0.08
Q4 24
$-0.16
Q3 24
$-0.26
$-0.13
Q2 24
$-0.19
$-0.13
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
COYA
COYA
SLDP
SLDP
Cash + ST InvestmentsLiquidity on hand
$46.8M
$250.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$43.0M
$415.7M
Total Assets
$50.0M
$455.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COYA
COYA
SLDP
SLDP
Q4 25
$46.8M
$250.8M
Q3 25
$28.1M
$251.2M
Q2 25
$230.9M
Q1 25
$240.9M
Q4 24
$118.2M
Q3 24
$31.1M
$132.0M
Q2 24
$36.6M
$140.5M
Q1 24
$146.6M
Stockholders' Equity
COYA
COYA
SLDP
SLDP
Q4 25
$43.0M
$415.7M
Q3 25
$27.3M
$381.2M
Q2 25
$370.6M
Q1 25
$397.1M
Q4 24
$410.3M
Q3 24
$32.0M
$439.4M
Q2 24
$35.3M
$456.8M
Q1 24
$479.4M
Total Assets
COYA
COYA
SLDP
SLDP
Q4 25
$50.0M
$455.1M
Q3 25
$32.0M
$416.1M
Q2 25
$398.0M
Q1 25
$419.4M
Q4 24
$448.3M
Q3 24
$35.6M
$470.9M
Q2 24
$39.9M
$492.6M
Q1 24
$516.2M

Cash Flow & Capital Efficiency

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

Metric
COYA
COYA
SLDP
SLDP
Operating Cash FlowLast quarter
$-10.7M
$-18.4M
Free Cash FlowOCF − Capex
$-23.0M
FCF MarginFCF / Revenue
-633.0%
Capex IntensityCapex / Revenue
126.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-83.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COYA
COYA
SLDP
SLDP
Q4 25
$-10.7M
$-18.4M
Q3 25
$-1.1M
$-14.3M
Q2 25
$-14.4M
Q1 25
$-26.3M
Q4 24
$-13.9M
Q3 24
$-5.5M
$-9.9M
Q2 24
$-4.6M
$-11.1M
Q1 24
$-29.1M
Free Cash Flow
COYA
COYA
SLDP
SLDP
Q4 25
$-23.0M
Q3 25
$-14.8M
Q2 25
$-17.1M
Q1 25
$-28.6M
Q4 24
$-18.6M
Q3 24
$-12.6M
Q2 24
$-15.5M
Q1 24
$-33.1M
FCF Margin
COYA
COYA
SLDP
SLDP
Q4 25
-633.0%
Q3 25
-397.6%
Q2 25
-264.2%
Q1 25
-476.1%
Q4 24
-416.5%
Q3 24
-271.5%
Q2 24
-305.8%
Q1 24
-556.3%
Capex Intensity
COYA
COYA
SLDP
SLDP
Q4 25
126.5%
Q3 25
15.3%
Q2 25
41.5%
Q1 25
39.1%
Q4 24
105.5%
Q3 24
59.7%
Q2 24
86.8%
Q1 24
68.1%

Financial Flow Comparison

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

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