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Side-by-side financial comparison of Journey Medical Corp (DERM) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $16.1M, roughly 1.1× Journey Medical Corp). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -7.8%, a 75.0% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 27.3%).

Journey Medical Corp is a commercial-stage biopharmaceutical company specializing in dermatology treatments. It develops, manufactures and markets prescription and over-the-counter products addressing acne, atopic dermatitis, fungal skin infections and other dermal conditions, primarily serving healthcare providers and patients across the United States.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

DERM vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.1× larger
SLGL
$17.3M
$16.1M
DERM
Growing faster (revenue YoY)
SLGL
SLGL
+190.4% gap
SLGL
217.7%
27.3%
DERM
Higher net margin
SLGL
SLGL
75.0% more per $
SLGL
67.3%
-7.8%
DERM

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
DERM
DERM
SLGL
SLGL
Revenue
$16.1M
$17.3M
Net Profit
$-1.2M
$11.6M
Gross Margin
Operating Margin
-2.8%
65.1%
Net Margin
-7.8%
67.3%
Revenue YoY
27.3%
217.7%
Net Profit YoY
-182.0%
487.6%
EPS (diluted)
$-0.04
$4.17

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
DERM
DERM
SLGL
SLGL
Q4 25
$16.1M
Q3 25
$17.0M
Q2 25
$15.0M
$17.3M
Q1 25
$13.1M
Q4 24
$12.6M
Q3 24
$14.6M
Q2 24
$14.9M
$5.4M
Q1 24
$13.0M
Net Profit
DERM
DERM
SLGL
SLGL
Q4 25
$-1.2M
Q3 25
$-2.3M
Q2 25
$-3.8M
$11.6M
Q1 25
$-4.1M
Q4 24
$1.5M
Q3 24
$-2.4M
Q2 24
$-3.4M
$2.0M
Q1 24
$-10.4M
Gross Margin
DERM
DERM
SLGL
SLGL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
82.3%
Q3 24
63.9%
Q2 24
56.0%
Q1 24
47.7%
Operating Margin
DERM
DERM
SLGL
SLGL
Q4 25
-2.8%
Q3 25
-9.0%
Q2 25
-19.2%
65.1%
Q1 25
-25.3%
Q4 24
17.7%
Q3 24
-19.8%
Q2 24
-19.7%
29.9%
Q1 24
-77.4%
Net Margin
DERM
DERM
SLGL
SLGL
Q4 25
-7.8%
Q3 25
-13.6%
Q2 25
-25.3%
67.3%
Q1 25
-31.0%
Q4 24
12.1%
Q3 24
-16.3%
Q2 24
-22.6%
36.4%
Q1 24
-80.1%
EPS (diluted)
DERM
DERM
SLGL
SLGL
Q4 25
$-0.04
Q3 25
$-0.09
Q2 25
$-0.16
$4.17
Q1 25
$-0.18
Q4 24
$0.10
Q3 24
$-0.12
Q2 24
$-0.17
$0.71
Q1 24
$-0.53

Balance Sheet & Financial Strength

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

Metric
DERM
DERM
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$24.1M
$24.3M
Total DebtLower is stronger
$25.3M
Stockholders' EquityBook value
$31.9M
$31.9M
Total Assets
$94.6M
$39.3M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DERM
DERM
SLGL
SLGL
Q4 25
$24.1M
Q3 25
$24.9M
Q2 25
$20.3M
$24.3M
Q1 25
$21.1M
Q4 24
$20.3M
Q3 24
$22.5M
Q2 24
$23.9M
$26.5M
Q1 24
$24.1M
Total Debt
DERM
DERM
SLGL
SLGL
Q4 25
$25.3M
Q3 25
$25.2M
Q2 25
$25.1M
Q1 25
$25.0M
Q4 24
$24.9M
Q3 24
$19.8M
Q2 24
$19.7M
Q1 24
$14.7M
Stockholders' Equity
DERM
DERM
SLGL
SLGL
Q4 25
$31.9M
Q3 25
$25.9M
Q2 25
$19.2M
$31.9M
Q1 25
$21.5M
Q4 24
$20.1M
Q3 24
$10.9M
Q2 24
$11.3M
$34.9M
Q1 24
$13.0M
Total Assets
DERM
DERM
SLGL
SLGL
Q4 25
$94.6M
Q3 25
$85.2M
Q2 25
$81.2M
$39.3M
Q1 25
$85.0M
Q4 24
$80.2M
Q3 24
$64.0M
Q2 24
$65.2M
$42.0M
Q1 24
$66.6M
Debt / Equity
DERM
DERM
SLGL
SLGL
Q4 25
0.79×
Q3 25
0.97×
Q2 25
1.30×
Q1 25
1.16×
Q4 24
1.24×
Q3 24
1.81×
Q2 24
1.75×
Q1 24
1.13×

Cash Flow & Capital Efficiency

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

Metric
DERM
DERM
SLGL
SLGL
Operating Cash FlowLast quarter
$-6.3M
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
DERM
DERM
SLGL
SLGL
Q4 25
$-6.3M
Q3 25
$-2.4M
Q2 25
$-942.0K
Q1 25
$-2.8M
Q4 24
$2.2M
Q3 24
$-1.2M
Q2 24
$-5.2M
Q1 24
$-5.0M
Cash Conversion
DERM
DERM
SLGL
SLGL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.46×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DERM
DERM

Qbrexza$5.5M35%
Emrosi$5.0M31%
Accutane$3.1M19%
Other$2.5M15%

SLGL
SLGL

Segment breakdown not available.

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