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Side-by-side financial comparison of FRP HOLDINGS, INC. (FRPH) and SOLAI Ltd (SLAI). Click either name above to swap in a different company.

SOLAI Ltd is the larger business by last-quarter revenue ($11.0M vs $10.9M, roughly 1.0× FRP HOLDINGS, INC.). FRP HOLDINGS, INC. runs the higher net margin — 1.3% vs -126.2%, a 127.5% gap on every dollar of revenue. On growth, FRP HOLDINGS, INC. posted the faster year-over-year revenue change (3.6% vs -43.1%). SOLAI Ltd produced more free cash flow last quarter ($-17.0M vs $-21.5M).

FRP Advisory is a business advisory firm based in the United Kingdom, providing restructuring, corporate finance, debt advisory, forensic accounting and financial advisory and is one of the UK’s largest specialists in the area of corporate restructuring.

FRPH vs SLAI — Head-to-Head

Bigger by revenue
SLAI
SLAI
1.0× larger
SLAI
$11.0M
$10.9M
FRPH
Growing faster (revenue YoY)
FRPH
FRPH
+46.8% gap
FRPH
3.6%
-43.1%
SLAI
Higher net margin
FRPH
FRPH
127.5% more per $
FRPH
1.3%
-126.2%
SLAI
More free cash flow
SLAI
SLAI
$4.5M more FCF
SLAI
$-17.0M
$-21.5M
FRPH

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FRPH
FRPH
SLAI
SLAI
Revenue
$10.9M
$11.0M
Net Profit
$139.0K
$-13.9M
Gross Margin
0.1%
Operating Margin
15.4%
-126.2%
Net Margin
1.3%
-126.2%
Revenue YoY
3.6%
-43.1%
Net Profit YoY
-91.8%
-173.4%
EPS (diluted)
$0.03
$-0.01

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
FRPH
FRPH
SLAI
SLAI
Q4 25
$10.9M
Q3 25
$10.8M
Q2 25
$10.8M
$11.0M
Q1 25
$10.3M
Q4 24
$10.5M
Q3 24
$10.6M
Q2 24
$10.5M
$19.4M
Q1 24
$10.1M
Net Profit
FRPH
FRPH
SLAI
SLAI
Q4 25
$139.0K
Q3 25
$662.0K
Q2 25
$578.0K
$-13.9M
Q1 25
$1.7M
Q4 24
$1.7M
Q3 24
$1.4M
Q2 24
$2.0M
$18.9M
Q1 24
$1.3M
Gross Margin
FRPH
FRPH
SLAI
SLAI
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
Q4 24
Q3 24
Q2 24
52.4%
Q1 24
Operating Margin
FRPH
FRPH
SLAI
SLAI
Q4 25
15.4%
Q3 25
12.6%
Q2 25
15.3%
-126.2%
Q1 25
22.6%
Q4 24
27.7%
Q3 24
29.0%
Q2 24
26.9%
-2.6%
Q1 24
28.4%
Net Margin
FRPH
FRPH
SLAI
SLAI
Q4 25
1.3%
Q3 25
6.1%
Q2 25
5.3%
-126.2%
Q1 25
16.6%
Q4 24
16.0%
Q3 24
12.8%
Q2 24
19.5%
97.9%
Q1 24
12.8%
EPS (diluted)
FRPH
FRPH
SLAI
SLAI
Q4 25
$0.03
Q3 25
$0.03
Q2 25
$0.03
$-0.01
Q1 25
$0.09
Q4 24
$0.09
Q3 24
$0.07
Q2 24
$0.11
$0.02
Q1 24
$0.07

Balance Sheet & Financial Strength

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

Metric
FRPH
FRPH
SLAI
SLAI
Cash + ST InvestmentsLiquidity on hand
$1.2M
Total DebtLower is stronger
$192.6M
Stockholders' EquityBook value
$428.5M
$43.8M
Total Assets
$735.1M
$69.1M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPH
FRPH
SLAI
SLAI
Q4 25
Q3 25
$134.9M
Q2 25
$153.2M
$1.2M
Q1 25
$142.9M
Q4 24
$148.6M
Q3 24
$144.7M
Q2 24
$156.9M
$2.3M
Q1 24
$152.5M
Total Debt
FRPH
FRPH
SLAI
SLAI
Q4 25
$192.6M
Q3 25
$185.3M
Q2 25
$180.4M
Q1 25
$178.3M
Q4 24
$178.9M
Q3 24
$178.8M
Q2 24
$178.8M
Q1 24
$178.7M
Stockholders' Equity
FRPH
FRPH
SLAI
SLAI
Q4 25
$428.5M
Q3 25
$427.7M
Q2 25
$426.7M
$43.8M
Q1 25
$425.2M
Q4 24
$423.1M
Q3 24
$420.9M
Q2 24
$419.1M
$45.9M
Q1 24
$416.1M
Total Assets
FRPH
FRPH
SLAI
SLAI
Q4 25
$735.1M
Q3 25
$731.3M
Q2 25
$722.8M
$69.1M
Q1 25
$717.1M
Q4 24
$728.5M
Q3 24
$726.9M
Q2 24
$711.9M
$63.3M
Q1 24
$705.7M
Debt / Equity
FRPH
FRPH
SLAI
SLAI
Q4 25
0.45×
Q3 25
0.43×
Q2 25
0.42×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.43×
Q1 24
0.43×

Cash Flow & Capital Efficiency

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

Metric
FRPH
FRPH
SLAI
SLAI
Operating Cash FlowLast quarter
$29.7M
$-17.0M
Free Cash FlowOCF − Capex
$-21.5M
$-17.0M
FCF MarginFCF / Revenue
-196.6%
-154.2%
Capex IntensityCapex / Revenue
468.5%
0.0%
Cash ConversionOCF / Net Profit
213.50×
TTM Free Cash FlowTrailing 4 quarters
$-34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPH
FRPH
SLAI
SLAI
Q4 25
$29.7M
Q3 25
$8.1M
Q2 25
$8.7M
$-17.0M
Q1 25
$4.5M
Q4 24
$29.0M
Q3 24
$6.3M
Q2 24
$12.2M
$-12.1M
Q1 24
$2.9M
Free Cash Flow
FRPH
FRPH
SLAI
SLAI
Q4 25
$-21.5M
Q3 25
$-16.9M
Q2 25
$2.6M
$-17.0M
Q1 25
$1.4M
Q4 24
$-22.2M
Q3 24
$-28.2M
Q2 24
$5.9M
Q1 24
$-3.3M
FCF Margin
FRPH
FRPH
SLAI
SLAI
Q4 25
-196.6%
Q3 25
-157.0%
Q2 25
24.0%
-154.2%
Q1 25
13.6%
Q4 24
-210.9%
Q3 24
-265.7%
Q2 24
56.0%
Q1 24
-32.6%
Capex Intensity
FRPH
FRPH
SLAI
SLAI
Q4 25
468.5%
Q3 25
232.0%
Q2 25
55.9%
0.0%
Q1 25
30.1%
Q4 24
486.1%
Q3 24
325.1%
Q2 24
60.3%
Q1 24
61.2%
Cash Conversion
FRPH
FRPH
SLAI
SLAI
Q4 25
213.50×
Q3 25
12.21×
Q2 25
15.00×
Q1 25
2.63×
Q4 24
17.18×
Q3 24
4.65×
Q2 24
5.96×
-0.64×
Q1 24
2.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRPH
FRPH

Other$5.6M51%
Multifamily Segment$5.3M49%

SLAI
SLAI

Data center$6.5M59%
Cryptocurrency mining$4.6M41%

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