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Side-by-side financial comparison of FULL HOUSE RESORTS INC (FLL) and Xeris Biopharma Holdings, Inc. (XERS). Click either name above to swap in a different company.

Xeris Biopharma Holdings, Inc. is the larger business by last-quarter revenue ($85.8M vs $75.4M, roughly 1.1× FULL HOUSE RESORTS INC). Xeris Biopharma Holdings, Inc. runs the higher net margin — 12.9% vs -16.4%, a 29.3% gap on every dollar of revenue. On growth, Xeris Biopharma Holdings, Inc. posted the faster year-over-year revenue change (42.8% vs 3.4%). Over the past eight quarters, Xeris Biopharma Holdings, Inc.'s revenue compounded faster (45.3% CAGR vs 3.9%).

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

Xeris Biopharma Holdings, Inc. is a specialty biopharmaceutical company that develops and commercializes targeted therapies for rare endocrine, metabolic, and dermatological conditions. It operates across global markets, focusing on delivering accessible, easy-to-administer treatment options for underserved patient segments.

FLL vs XERS — Head-to-Head

Bigger by revenue
XERS
XERS
1.1× larger
XERS
$85.8M
$75.4M
FLL
Growing faster (revenue YoY)
XERS
XERS
+39.4% gap
XERS
42.8%
3.4%
FLL
Higher net margin
XERS
XERS
29.3% more per $
XERS
12.9%
-16.4%
FLL
Faster 2-yr revenue CAGR
XERS
XERS
Annualised
XERS
45.3%
3.9%
FLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLL
FLL
XERS
XERS
Revenue
$75.4M
$85.8M
Net Profit
$-12.4M
$11.1M
Gross Margin
93.1%
Operating Margin
-1.3%
19.5%
Net Margin
-16.4%
12.9%
Revenue YoY
3.4%
42.8%
Net Profit YoY
-0.6%
316.7%
EPS (diluted)
$-0.35
$0.07

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
FLL
FLL
XERS
XERS
Q4 25
$75.4M
$85.8M
Q3 25
$78.0M
$74.4M
Q2 25
$73.9M
$71.5M
Q1 25
$75.1M
$60.1M
Q4 24
$73.0M
$60.1M
Q3 24
$75.7M
$54.3M
Q2 24
$73.5M
$48.1M
Q1 24
$69.9M
$40.6M
Net Profit
FLL
FLL
XERS
XERS
Q4 25
$-12.4M
$11.1M
Q3 25
$-7.7M
$621.0K
Q2 25
$-10.4M
$-1.9M
Q1 25
$-9.8M
$-9.2M
Q4 24
$-12.3M
$-5.1M
Q3 24
$-8.5M
$-15.7M
Q2 24
$-8.6M
$-15.0M
Q1 24
$-11.3M
$-19.0M
Gross Margin
FLL
FLL
XERS
XERS
Q4 25
93.1%
Q3 25
93.2%
Q2 25
93.5%
Q1 25
93.4%
Q4 24
92.1%
Q3 24
92.2%
Q2 24
92.4%
Q1 24
92.3%
Operating Margin
FLL
FLL
XERS
XERS
Q4 25
-1.3%
19.5%
Q3 25
4.4%
9.0%
Q2 25
-0.1%
6.3%
Q1 25
1.0%
-5.1%
Q4 24
-1.9%
2.8%
Q3 24
3.2%
-23.8%
Q2 24
3.2%
-17.0%
Q1 24
-0.9%
-35.1%
Net Margin
FLL
FLL
XERS
XERS
Q4 25
-16.4%
12.9%
Q3 25
-9.8%
0.8%
Q2 25
-14.0%
-2.7%
Q1 25
-13.0%
-15.3%
Q4 24
-16.9%
-8.5%
Q3 24
-11.2%
-29.0%
Q2 24
-11.7%
-31.2%
Q1 24
-16.1%
-46.7%
EPS (diluted)
FLL
FLL
XERS
XERS
Q4 25
$-0.35
$0.07
Q3 25
$-0.21
$0.00
Q2 25
$-0.29
$-0.01
Q1 25
$-0.27
$-0.06
Q4 24
$-0.34
$-0.02
Q3 24
$-0.24
$-0.11
Q2 24
$-0.25
$-0.10
Q1 24
$-0.33
$-0.14

Balance Sheet & Financial Strength

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

Metric
FLL
FLL
XERS
XERS
Cash + ST InvestmentsLiquidity on hand
$40.7M
$111.0M
Total DebtLower is stronger
$473.6M
$220.3M
Stockholders' EquityBook value
$2.5M
$13.7M
Total Assets
$649.8M
$383.5M
Debt / EquityLower = less leverage
186.62×
16.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLL
FLL
XERS
XERS
Q4 25
$40.7M
$111.0M
Q3 25
$30.9M
$91.6M
Q2 25
$32.1M
$59.3M
Q1 25
$30.7M
$58.4M
Q4 24
$40.2M
$71.6M
Q3 24
$25.9M
$69.4M
Q2 24
$31.1M
$77.6M
Q1 24
$25.7M
$87.4M
Total Debt
FLL
FLL
XERS
XERS
Q4 25
$473.6M
$220.3M
Q3 25
$473.1M
$219.5M
Q2 25
$467.5M
$218.6M
Q1 25
$471.7M
$229.8M
Q4 24
$468.1M
$232.1M
Q3 24
$467.4M
$216.2M
Q2 24
$466.6M
$230.5M
Q1 24
$465.9M
$229.7M
Stockholders' Equity
FLL
FLL
XERS
XERS
Q4 25
$2.5M
$13.7M
Q3 25
$14.2M
$-861.0K
Q2 25
$21.2M
$-19.3M
Q1 25
$31.0M
$-35.1M
Q4 24
$40.5M
$-29.6M
Q3 24
$51.8M
$-28.3M
Q2 24
$59.5M
$-19.3M
Q1 24
$67.3M
$-9.2M
Total Assets
FLL
FLL
XERS
XERS
Q4 25
$649.8M
$383.5M
Q3 25
$644.4M
$370.2M
Q2 25
$651.5M
$334.7M
Q1 25
$657.2M
$315.5M
Q4 24
$673.3M
$323.1M
Q3 24
$668.7M
$321.1M
Q2 24
$673.9M
$331.7M
Q1 24
$670.4M
$336.6M
Debt / Equity
FLL
FLL
XERS
XERS
Q4 25
186.62×
16.10×
Q3 25
33.30×
Q2 25
22.04×
Q1 25
15.22×
Q4 24
11.56×
Q3 24
9.02×
Q2 24
7.85×
Q1 24
6.92×

Cash Flow & Capital Efficiency

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

Metric
FLL
FLL
XERS
XERS
Operating Cash FlowLast quarter
$12.0M
$20.0M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLL
FLL
XERS
XERS
Q4 25
$12.0M
$20.0M
Q3 25
$-472.0K
$18.4M
Q2 25
$7.9M
$182.0K
Q1 25
$-9.5M
$-10.0M
Q4 24
$14.8M
$2.0M
Q3 24
$-6.7M
$-8.3M
Q2 24
$10.1M
$-10.3M
Q1 24
$-4.4M
$-20.3M
Free Cash Flow
FLL
FLL
XERS
XERS
Q4 25
$10.7M
Q3 25
$-5.5M
Q2 25
$4.5M
Q1 25
$-12.3M
Q4 24
$6.9M
Q3 24
$-17.4M
Q2 24
$-1.2M
Q1 24
$-27.0M
FCF Margin
FLL
FLL
XERS
XERS
Q4 25
14.1%
Q3 25
-7.1%
Q2 25
6.1%
Q1 25
-16.4%
Q4 24
9.4%
Q3 24
-23.0%
Q2 24
-1.6%
Q1 24
-38.7%
Capex Intensity
FLL
FLL
XERS
XERS
Q4 25
1.8%
Q3 25
6.5%
Q2 25
4.5%
Q1 25
3.8%
Q4 24
10.9%
Q3 24
14.1%
Q2 24
15.4%
Q1 24
32.4%
Cash Conversion
FLL
FLL
XERS
XERS
Q4 25
1.81×
Q3 25
29.68×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

XERS
XERS

Products$83.4M97%
Other$2.4M3%

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