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Side-by-side financial comparison of FIRST US BANCSHARES, INC. (FUSB) 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 $10.4M, roughly 1.3× FIRST US BANCSHARES, INC.). FIRST US BANCSHARES, INC. runs the higher net margin — 20.4% vs -73.9%, a 94.3% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 7.1%). FIRST US BANCSHARES, INC. produced more free cash flow last quarter ($9.1M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 2.6%).

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

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.

FUSB vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.3× larger
TLSI
$13.2M
$10.4M
FUSB
Growing faster (revenue YoY)
TLSI
TLSI
+52.8% gap
TLSI
59.8%
7.1%
FUSB
Higher net margin
FUSB
FUSB
94.3% more per $
FUSB
20.4%
-73.9%
TLSI
More free cash flow
FUSB
FUSB
$11.6M more FCF
FUSB
$9.1M
$-2.5M
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
2.6%
FUSB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FUSB
FUSB
TLSI
TLSI
Revenue
$10.4M
$13.2M
Net Profit
$2.1M
$-9.8M
Gross Margin
86.7%
Operating Margin
28.1%
-24.8%
Net Margin
20.4%
-73.9%
Revenue YoY
7.1%
59.8%
Net Profit YoY
24.2%
3.5%
EPS (diluted)
$0.36
$-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.

Revenue
FUSB
FUSB
TLSI
TLSI
Q4 25
$10.4M
$13.2M
Q3 25
$10.5M
$11.6M
Q2 25
$10.3M
$11.2M
Q1 25
$9.8M
$9.2M
Q4 24
$9.7M
$8.3M
Q3 24
$10.1M
$7.3M
Q2 24
$10.0M
$7.4M
Q1 24
$9.9M
$6.5M
Net Profit
FUSB
FUSB
TLSI
TLSI
Q4 25
$2.1M
$-9.8M
Q3 25
$1.9M
$-10.8M
Q2 25
$155.0K
$-8.3M
Q1 25
$1.8M
$-10.4M
Q4 24
$1.7M
$-10.1M
Q3 24
$2.2M
$-2.4M
Q2 24
$2.1M
$-4.3M
Q1 24
$2.1M
$-13.2M
Gross Margin
FUSB
FUSB
TLSI
TLSI
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%
Operating Margin
FUSB
FUSB
TLSI
TLSI
Q4 25
28.1%
-24.8%
Q3 25
23.9%
-77.9%
Q2 25
1.6%
-65.4%
Q1 25
23.8%
-79.9%
Q4 24
23.8%
-91.8%
Q3 24
29.2%
-118.9%
Q2 24
27.4%
-111.0%
Q1 24
27.8%
-180.8%
Net Margin
FUSB
FUSB
TLSI
TLSI
Q4 25
20.4%
-73.9%
Q3 25
18.4%
-93.5%
Q2 25
1.5%
-73.9%
Q1 25
18.1%
-113.2%
Q4 24
17.6%
-122.4%
Q3 24
22.0%
-32.6%
Q2 24
21.2%
-58.8%
Q1 24
21.3%
-204.5%
EPS (diluted)
FUSB
FUSB
TLSI
TLSI
Q4 25
$0.36
$-0.22
Q3 25
$0.32
$-0.96
Q2 25
$0.03
$-0.27
Q1 25
$0.29
$-0.39
Q4 24
$0.29
$-0.38
Q3 24
$0.36
$-0.12
Q2 24
$0.34
$-0.21
Q1 24
$0.34
$-0.60

Balance Sheet & Financial Strength

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

Metric
FUSB
FUSB
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$73.5M
$20.4M
Total DebtLower is stronger
$10.9M
Stockholders' EquityBook value
$105.6M
$-33.9M
Total Assets
$1.2B
$35.3M
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FUSB
FUSB
TLSI
TLSI
Q4 25
$73.5M
$20.4M
Q3 25
$54.7M
$22.7M
Q2 25
$54.0M
$26.5M
Q1 25
$56.0M
$13.0M
Q4 24
$47.2M
$8.5M
Q3 24
$82.3M
$11.3M
Q2 24
$58.2M
$16.5M
Q1 24
$60.2M
$4.0M
Total Debt
FUSB
FUSB
TLSI
TLSI
Q4 25
$10.9M
Q3 25
$10.9M
Q2 25
$10.9M
Q1 25
$10.9M
Q4 24
$10.9M
Q3 24
$10.9M
Q2 24
$10.8M
Q1 24
$10.8M
Stockholders' Equity
FUSB
FUSB
TLSI
TLSI
Q4 25
$105.6M
$-33.9M
Q3 25
$104.2M
$-26.7M
Q2 25
$101.9M
$-19.4M
Q1 25
$101.2M
$-34.4M
Q4 24
$98.6M
$-25.9M
Q3 24
$98.5M
$-20.4M
Q2 24
$93.8M
$-25.3M
Q1 24
$92.3M
$-36.0M
Total Assets
FUSB
FUSB
TLSI
TLSI
Q4 25
$1.2B
$35.3M
Q3 25
$1.1B
$36.5M
Q2 25
$1.1B
$41.3M
Q1 25
$1.1B
$28.6M
Q4 24
$1.1B
$24.0M
Q3 24
$1.1B
$27.5M
Q2 24
$1.1B
$32.4M
Q1 24
$1.1B
$17.9M
Debt / Equity
FUSB
FUSB
TLSI
TLSI
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
FUSB
FUSB
TLSI
TLSI
Operating Cash FlowLast quarter
$12.3M
$-2.5M
Free Cash FlowOCF − Capex
$9.1M
$-2.5M
FCF MarginFCF / Revenue
87.2%
-19.1%
Capex IntensityCapex / Revenue
31.1%
0.3%
Cash ConversionOCF / Net Profit
5.79×
TTM Free Cash FlowTrailing 4 quarters
$16.0M
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FUSB
FUSB
TLSI
TLSI
Q4 25
$12.3M
$-2.5M
Q3 25
$4.2M
$-3.7M
Q2 25
$3.9M
$-7.3M
Q1 25
$1.8M
$-4.5M
Q4 24
$7.8M
$-5.7M
Q3 24
$1.9M
$-10.8M
Q2 24
$2.5M
$-13.4M
Q1 24
$825.0K
$-10.9M
Free Cash Flow
FUSB
FUSB
TLSI
TLSI
Q4 25
$9.1M
$-2.5M
Q3 25
$3.6M
$-3.9M
Q2 25
$1.6M
$-7.4M
Q1 25
$1.7M
$-5.3M
Q4 24
$5.7M
$-5.8M
Q3 24
$1.3M
$-11.0M
Q2 24
$2.3M
$-13.5M
Q1 24
$-142.0K
$-10.9M
FCF Margin
FUSB
FUSB
TLSI
TLSI
Q4 25
87.2%
-19.1%
Q3 25
34.2%
-33.9%
Q2 25
16.0%
-66.1%
Q1 25
17.2%
-57.3%
Q4 24
58.2%
-69.7%
Q3 24
12.7%
-149.9%
Q2 24
23.5%
-183.1%
Q1 24
-1.4%
-169.3%
Capex Intensity
FUSB
FUSB
TLSI
TLSI
Q4 25
31.1%
0.3%
Q3 25
5.9%
1.9%
Q2 25
21.8%
0.8%
Q1 25
0.7%
8.2%
Q4 24
21.6%
0.6%
Q3 24
6.6%
2.3%
Q2 24
2.0%
0.8%
Q1 24
9.8%
1.0%
Cash Conversion
FUSB
FUSB
TLSI
TLSI
Q4 25
5.79×
Q3 25
2.18×
Q2 25
25.16×
Q1 25
0.99×
Q4 24
4.53×
Q3 24
0.87×
Q2 24
1.20×
Q1 24
0.39×

Financial Flow Comparison

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

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