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Side-by-side financial comparison of Fold Holdings, Inc. (FLD) 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 $9.1M, roughly 1.4× Fold Holdings, Inc.). TriSalus Life Sciences, Inc. runs the higher net margin — -73.9% vs -379.9%, a 306.1% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 8.2%). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 36.1%).
Fold Holdings, Inc. is a U.S.-based fintech firm specializing in crypto-integrated consumer financial products. Its core offerings include a rewards debit card that provides Bitcoin and other cryptocurrency cashback on routine purchases, alongside user-friendly digital wallet tools for secure crypto storage, serving primarily the North American consumer market.
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.
FLD vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.1M | $13.2M |
| Net Profit | $-34.7M | $-9.8M |
| Gross Margin | — | 86.7% |
| Operating Margin | -380.0% | -24.8% |
| Net Margin | -379.9% | -73.9% |
| Revenue YoY | 8.2% | 59.8% |
| Net Profit YoY | -7232.4% | 3.5% |
| EPS (diluted) | $-0.02 | $-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 | $9.1M | $13.2M | ||
| Q3 25 | $7.4M | $11.6M | ||
| Q2 25 | $8.2M | $11.2M | ||
| Q1 25 | $7.1M | $9.2M | ||
| Q4 24 | $8.4M | $8.3M | ||
| Q3 24 | $5.2M | $7.3M | ||
| Q2 24 | $5.1M | $7.4M | ||
| Q1 24 | $4.9M | $6.5M |
| Q4 25 | $-34.7M | $-9.8M | ||
| Q3 25 | $554.2K | $-10.8M | ||
| Q2 25 | $13.4M | $-8.3M | ||
| Q1 25 | $-48.9M | $-10.4M | ||
| Q4 24 | $486.4K | $-10.1M | ||
| Q3 24 | $-62.3M | $-2.4M | ||
| Q2 24 | $-2.3M | $-4.3M | ||
| Q1 24 | $-945.0K | $-13.2M |
| Q4 25 | — | 86.7% | ||
| Q3 25 | — | 83.5% | ||
| Q2 25 | — | 83.9% | ||
| Q1 25 | — | 83.7% | ||
| Q4 24 | — | 85.3% | ||
| Q3 24 | — | 86.3% | ||
| Q2 24 | — | 87.6% | ||
| Q1 24 | — | 85.0% |
| Q4 25 | -380.0% | -24.8% | ||
| Q3 25 | 7.5% | -77.9% | ||
| Q2 25 | — | -65.4% | ||
| Q1 25 | -689.6% | -79.9% | ||
| Q4 24 | -9.1% | -91.8% | ||
| Q3 24 | -15.3% | -118.9% | ||
| Q2 24 | -12.2% | -111.0% | ||
| Q1 24 | -14.7% | -180.8% |
| Q4 25 | -379.9% | -73.9% | ||
| Q3 25 | 7.5% | -93.5% | ||
| Q2 25 | 164.2% | -73.9% | ||
| Q1 25 | -689.6% | -113.2% | ||
| Q4 24 | 5.8% | -122.4% | ||
| Q3 24 | -1188.7% | -32.6% | ||
| Q2 24 | -45.1% | -58.8% | ||
| Q1 24 | -19.2% | -204.5% |
| Q4 25 | $-0.02 | $-0.22 | ||
| Q3 25 | $0.01 | $-0.96 | ||
| Q2 25 | $0.28 | $-0.27 | ||
| Q1 25 | $-1.92 | $-0.39 | ||
| Q4 24 | $0.09 | $-0.38 | ||
| Q3 24 | $-10.68 | $-0.12 | ||
| Q2 24 | $-0.40 | $-0.21 | ||
| Q1 24 | $-0.16 | $-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 | $7.7M | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $63.0M | $-33.9M |
| Total Assets | $153.5M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.7M | $20.4M | ||
| Q3 25 | $6.7M | $22.7M | ||
| Q2 25 | $6.6M | $26.5M | ||
| Q1 25 | $11.7M | $13.0M | ||
| Q4 24 | $18.3M | $8.5M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $16.5M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | $63.0M | $-33.9M | ||
| Q3 25 | $94.7M | $-26.7M | ||
| Q2 25 | $88.5M | $-19.4M | ||
| Q1 25 | $71.9M | $-34.4M | ||
| Q4 24 | $-67.8M | $-25.9M | ||
| Q3 24 | $-7.4M | $-20.4M | ||
| Q2 24 | $-74.0M | $-25.3M | ||
| Q1 24 | $-9.4M | $-36.0M |
| Q4 25 | $153.5M | $35.3M | ||
| Q3 25 | $191.0M | $36.5M | ||
| Q2 25 | $182.1M | $41.3M | ||
| Q1 25 | $148.5M | $28.6M | ||
| Q4 24 | $125.7M | $24.0M | ||
| Q3 24 | $52.2M | $27.5M | ||
| Q2 24 | $51.8M | $32.4M | ||
| Q1 24 | $51.5M | $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 | $-16.1M | $-2.5M |
| Free Cash FlowOCF − Capex | — | $-2.5M |
| FCF MarginFCF / Revenue | — | -19.1% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.1M | $-2.5M | ||
| Q3 25 | $-2.5M | $-3.7M | ||
| Q2 25 | $-4.0M | $-7.3M | ||
| Q1 25 | $-5.0M | $-4.5M | ||
| Q4 24 | $-3.3M | $-5.7M | ||
| Q3 24 | $-2.2M | $-10.8M | ||
| Q2 24 | $-859.6K | $-13.4M | ||
| Q1 24 | $-354.2K | $-10.9M |
| Q4 25 | — | $-2.5M | ||
| Q3 25 | — | $-3.9M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | — | $-5.3M | ||
| Q4 24 | — | $-5.8M | ||
| Q3 24 | — | $-11.0M | ||
| Q2 24 | — | $-13.5M | ||
| Q1 24 | — | $-10.9M |
| Q4 25 | — | -19.1% | ||
| Q3 25 | — | -33.9% | ||
| Q2 25 | — | -66.1% | ||
| Q1 25 | — | -57.3% | ||
| Q4 24 | — | -69.7% | ||
| Q3 24 | — | -149.9% | ||
| Q2 24 | — | -183.1% | ||
| Q1 24 | — | -169.3% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | -4.47× | — | ||
| Q2 25 | -0.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -6.82× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLD
| Banking And Payment Revenues | $8.4M | 92% |
| Other | $706.0K | 8% |
TLSI
Segment breakdown not available.
