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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Taysha Gene Therapies, Inc. (TSHA). Click either name above to swap in a different company.

Taysha Gene Therapies, Inc. is the larger business by last-quarter revenue ($5.5M vs $4.1M, roughly 1.3× CaliberCos Inc.). CaliberCos Inc. runs the higher net margin — -188.3% vs -507.8%, a 319.4% gap on every dollar of revenue. On growth, Taysha Gene Therapies, Inc. posted the faster year-over-year revenue change (171.3% vs -52.5%). Over the past eight quarters, Taysha Gene Therapies, Inc.'s revenue compounded faster (26.8% CAGR vs -57.6%).

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

Taysha Gene Therapies, Inc. is a clinical-stage biotechnology company specializing in developing adeno-associated virus (AAV)-based gene therapies for rare monogenic central nervous system disorders with high unmet medical needs. Its core pipeline targets serious life-threatening neurological conditions, with primary operations and market focus across North America and European regions.

CWD vs TSHA — Head-to-Head

Bigger by revenue
TSHA
TSHA
1.3× larger
TSHA
$5.5M
$4.1M
CWD
Growing faster (revenue YoY)
TSHA
TSHA
+223.8% gap
TSHA
171.3%
-52.5%
CWD
Higher net margin
CWD
CWD
319.4% more per $
CWD
-188.3%
-507.8%
TSHA
Faster 2-yr revenue CAGR
TSHA
TSHA
Annualised
TSHA
26.8%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWD
CWD
TSHA
TSHA
Revenue
$4.1M
$5.5M
Net Profit
$-7.7M
$-27.9M
Gross Margin
Operating Margin
-196.6%
-516.0%
Net Margin
-188.3%
-507.8%
Revenue YoY
-52.5%
171.3%
Net Profit YoY
32.2%
-48.3%
EPS (diluted)
$1.95
$-0.08

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
CWD
CWD
TSHA
TSHA
Q4 25
$4.1M
$5.5M
Q3 25
$3.6M
$0
Q2 25
$5.1M
$2.0M
Q1 25
$7.3M
$2.3M
Q4 24
$8.7M
$2.0M
Q3 24
$11.3M
$1.8M
Q2 24
$8.2M
$1.1M
Q1 24
$23.0M
$3.4M
Net Profit
CWD
CWD
TSHA
TSHA
Q4 25
$-7.7M
$-27.9M
Q3 25
$-4.4M
$-32.7M
Q2 25
$-5.3M
$-26.9M
Q1 25
$-4.4M
$-21.5M
Q4 24
$-11.4M
$-18.8M
Q3 24
$146.0K
$-25.5M
Q2 24
$-4.7M
$-20.9M
Q1 24
$-3.8M
$-24.1M
Operating Margin
CWD
CWD
TSHA
TSHA
Q4 25
-196.6%
-516.0%
Q3 25
-129.6%
Q2 25
-112.4%
-1347.1%
Q1 25
-62.7%
-930.5%
Q4 24
-236.8%
-985.8%
Q3 24
0.0%
-1448.4%
Q2 24
-65.0%
-1915.4%
Q1 24
-22.9%
-713.3%
Net Margin
CWD
CWD
TSHA
TSHA
Q4 25
-188.3%
-507.8%
Q3 25
-120.2%
Q2 25
-104.5%
-1353.6%
Q1 25
-60.7%
-935.2%
Q4 24
-247.6%
-929.0%
Q3 24
1.3%
-1427.5%
Q2 24
-57.8%
-1882.0%
Q1 24
-16.6%
-705.4%
EPS (diluted)
CWD
CWD
TSHA
TSHA
Q4 25
$1.95
$-0.08
Q3 25
$-1.65
$-0.09
Q2 25
$-4.15
$-0.09
Q1 25
$-3.85
$-0.08
Q4 24
$-10.15
$-0.07
Q3 24
$0.12
$-0.10
Q2 24
$-4.34
$-0.09
Q1 24
$-3.53
$-0.10

Balance Sheet & Financial Strength

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

Metric
CWD
CWD
TSHA
TSHA
Cash + ST InvestmentsLiquidity on hand
$2.9M
$319.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$246.9M
Total Assets
$135.4M
$343.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
TSHA
TSHA
Q4 25
$2.9M
$319.8M
Q3 25
$10.9M
$297.3M
Q2 25
$683.0K
$312.8M
Q1 25
$1.6M
$116.6M
Q4 24
$2.3M
$139.0M
Q3 24
$1.6M
$157.7M
Q2 24
$1.8M
$172.7M
Q1 24
$2.1M
$124.0M
Stockholders' Equity
CWD
CWD
TSHA
TSHA
Q4 25
$1.3M
$246.9M
Q3 25
$4.2M
$219.0M
Q2 25
$-19.9M
$248.7M
Q1 25
$-15.8M
$55.1M
Q4 24
$-12.6M
$71.5M
Q3 24
$-3.8M
$88.8M
Q2 24
$-4.7M
$108.9M
Q1 24
$-745.0K
$53.8M
Total Assets
CWD
CWD
TSHA
TSHA
Q4 25
$135.4M
$343.3M
Q3 25
$82.6M
$316.6M
Q2 25
$59.3M
$333.3M
Q1 25
$103.6M
$138.4M
Q4 24
$105.5M
$160.4M
Q3 24
$158.6M
$180.2M
Q2 24
$195.2M
$200.4M
Q1 24
$201.5M
$153.0M

Cash Flow & Capital Efficiency

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

Metric
CWD
CWD
TSHA
TSHA
Operating Cash FlowLast quarter
$-12.1M
$-26.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
TSHA
TSHA
Q4 25
$-12.1M
$-26.7M
Q3 25
$-4.6M
$-24.2M
Q2 25
$-1.2M
$-20.2M
Q1 25
$-1.7M
$-22.0M
Q4 24
$555.0K
$-18.3M
Q3 24
$-74.0K
$-21.6M
Q2 24
$1.4M
$-21.5M
Q1 24
$-1.5M
$-19.8M
Free Cash Flow
CWD
CWD
TSHA
TSHA
Q4 25
Q3 25
$-24.3M
Q2 25
Q1 25
Q4 24
$-18.3M
Q3 24
$-21.6M
Q2 24
$-21.7M
Q1 24
$-19.9M
FCF Margin
CWD
CWD
TSHA
TSHA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-905.5%
Q3 24
-1210.9%
Q2 24
-1951.9%
Q1 24
-584.5%
Capex Intensity
CWD
CWD
TSHA
TSHA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.1%
Q3 24
2.0%
Q2 24
18.1%
Q1 24
4.1%
Cash Conversion
CWD
CWD
TSHA
TSHA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

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

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