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Side-by-side financial comparison of FIRST US BANCSHARES, INC. (FUSB) and Tonix Pharmaceuticals Holding Corp. (TNXP). Click either name above to swap in a different company.

FIRST US BANCSHARES, INC. is the larger business by last-quarter revenue ($10.4M vs $5.4M, roughly 1.9× Tonix Pharmaceuticals Holding Corp.). FIRST US BANCSHARES, INC. runs the higher net margin — 20.4% vs -870.3%, a 890.8% gap on every dollar of revenue. On growth, Tonix Pharmaceuticals Holding Corp. posted the faster year-over-year revenue change (108.8% vs 7.1%). FIRST US BANCSHARES, INC. produced more free cash flow last quarter ($9.1M vs $-41.5M). Over the past eight quarters, Tonix Pharmaceuticals Holding Corp.'s revenue compounded faster (47.4% 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.

Tonix Pharmaceuticals is a pharmaceutical company based in Chatham, New Jersey that focuses on repurposed drugs for central nervous system conditions and as of 2020 was also pursuing a vaccine for COVID-19 and a biodefense project.

FUSB vs TNXP — Head-to-Head

Bigger by revenue
FUSB
FUSB
1.9× larger
FUSB
$10.4M
$5.4M
TNXP
Growing faster (revenue YoY)
TNXP
TNXP
+101.7% gap
TNXP
108.8%
7.1%
FUSB
Higher net margin
FUSB
FUSB
890.8% more per $
FUSB
20.4%
-870.3%
TNXP
More free cash flow
FUSB
FUSB
$50.6M more FCF
FUSB
$9.1M
$-41.5M
TNXP
Faster 2-yr revenue CAGR
TNXP
TNXP
Annualised
TNXP
47.4%
2.6%
FUSB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FUSB
FUSB
TNXP
TNXP
Revenue
$10.4M
$5.4M
Net Profit
$2.1M
$-46.9M
Gross Margin
80.4%
Operating Margin
28.1%
-895.8%
Net Margin
20.4%
-870.3%
Revenue YoY
7.1%
108.8%
Net Profit YoY
24.2%
-112.2%
EPS (diluted)
$0.36
$-4.28

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
TNXP
TNXP
Q4 25
$10.4M
$5.4M
Q3 25
$10.5M
$3.3M
Q2 25
$10.3M
$2.0M
Q1 25
$9.8M
$2.4M
Q4 24
$9.7M
$2.6M
Q3 24
$10.1M
$2.8M
Q2 24
$10.0M
$2.2M
Q1 24
$9.9M
$2.5M
Net Profit
FUSB
FUSB
TNXP
TNXP
Q4 25
$2.1M
$-46.9M
Q3 25
$1.9M
$-32.0M
Q2 25
$155.0K
$-28.3M
Q1 25
$1.8M
$-16.8M
Q4 24
$1.7M
$-22.1M
Q3 24
$2.2M
$-14.2M
Q2 24
$2.1M
$-78.8M
Q1 24
$2.1M
$-14.9M
Gross Margin
FUSB
FUSB
TNXP
TNXP
Q4 25
80.4%
Q3 25
58.4%
Q2 25
-63.8%
Q1 25
61.2%
Q4 24
54.2%
Q3 24
44.9%
Q2 24
-52.5%
Q1 24
33.1%
Operating Margin
FUSB
FUSB
TNXP
TNXP
Q4 25
28.1%
-895.8%
Q3 25
23.9%
-1005.1%
Q2 25
1.6%
-1416.2%
Q1 25
23.8%
-660.9%
Q4 24
23.8%
-870.6%
Q3 24
29.2%
-551.2%
Q2 24
27.4%
-3501.6%
Q1 24
27.8%
-860.2%
Net Margin
FUSB
FUSB
TNXP
TNXP
Q4 25
20.4%
-870.3%
Q3 25
18.4%
-972.9%
Q2 25
1.5%
-1415.0%
Q1 25
18.1%
-692.8%
Q4 24
17.6%
-856.2%
Q3 24
22.0%
-503.6%
Q2 24
21.2%
-3567.8%
Q1 24
21.3%
-601.9%
EPS (diluted)
FUSB
FUSB
TNXP
TNXP
Q4 25
$0.36
$-4.28
Q3 25
$0.32
$-3.59
Q2 25
$0.03
$-3.86
Q1 25
$0.29
$-2.84
Q4 24
$0.29
$2302.65
Q3 24
$0.36
$-22.68
Q2 24
$0.34
$-1920.85
Q1 24
$0.34
$-535.72

Balance Sheet & Financial Strength

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

Metric
FUSB
FUSB
TNXP
TNXP
Cash + ST InvestmentsLiquidity on hand
$73.5M
$207.6M
Total DebtLower is stronger
$10.9M
Stockholders' EquityBook value
$105.6M
$245.2M
Total Assets
$1.2B
$277.2M
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FUSB
FUSB
TNXP
TNXP
Q4 25
$73.5M
$207.6M
Q3 25
$54.7M
$190.1M
Q2 25
$54.0M
$125.3M
Q1 25
$56.0M
$131.7M
Q4 24
$47.2M
$98.8M
Q3 24
$82.3M
$28.2M
Q2 24
$58.2M
$4.2M
Q1 24
$60.2M
$7.0M
Total Debt
FUSB
FUSB
TNXP
TNXP
Q4 25
$10.9M
Q3 25
$10.9M
Q2 25
$10.9M
Q1 25
$10.9M
Q4 24
$10.9M
$8.7M
Q3 24
$10.9M
$9.4M
Q2 24
$10.8M
$10.1M
Q1 24
$10.8M
$10.8M
Stockholders' Equity
FUSB
FUSB
TNXP
TNXP
Q4 25
$105.6M
$245.2M
Q3 25
$104.2M
$231.1M
Q2 25
$101.9M
$168.0M
Q1 25
$101.2M
$180.4M
Q4 24
$98.6M
$139.6M
Q3 24
$98.5M
$74.2M
Q2 24
$93.8M
$42.1M
Q1 24
$92.3M
$108.1M
Total Assets
FUSB
FUSB
TNXP
TNXP
Q4 25
$1.2B
$277.2M
Q3 25
$1.1B
$252.4M
Q2 25
$1.1B
$187.4M
Q1 25
$1.1B
$192.9M
Q4 24
$1.1B
$162.9M
Q3 24
$1.1B
$95.0M
Q2 24
$1.1B
$70.3M
Q1 24
$1.1B
$135.3M
Debt / Equity
FUSB
FUSB
TNXP
TNXP
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
0.06×
Q3 24
0.11×
0.13×
Q2 24
0.12×
0.24×
Q1 24
0.12×
0.10×

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
TNXP
TNXP
Operating Cash FlowLast quarter
$12.3M
$-39.6M
Free Cash FlowOCF − Capex
$9.1M
$-41.5M
FCF MarginFCF / Revenue
87.2%
-770.4%
Capex IntensityCapex / Revenue
31.1%
34.8%
Cash ConversionOCF / Net Profit
5.79×
TTM Free Cash FlowTrailing 4 quarters
$16.0M
$-103.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FUSB
FUSB
TNXP
TNXP
Q4 25
$12.3M
$-39.6M
Q3 25
$4.2M
$-28.8M
Q2 25
$3.9M
$-14.8M
Q1 25
$1.8M
$-16.6M
Q4 24
$7.8M
$-14.6M
Q3 24
$1.9M
$-18.8M
Q2 24
$2.5M
$-9.9M
Q1 24
$825.0K
$-17.6M
Free Cash Flow
FUSB
FUSB
TNXP
TNXP
Q4 25
$9.1M
$-41.5M
Q3 25
$3.6M
$-29.7M
Q2 25
$1.6M
$-15.4M
Q1 25
$1.7M
$-16.6M
Q4 24
$5.7M
$-14.6M
Q3 24
$1.3M
$-18.8M
Q2 24
$2.3M
Q1 24
$-142.0K
$-17.7M
FCF Margin
FUSB
FUSB
TNXP
TNXP
Q4 25
87.2%
-770.4%
Q3 25
34.2%
-904.1%
Q2 25
16.0%
-768.8%
Q1 25
17.2%
-682.8%
Q4 24
58.2%
-566.7%
Q3 24
12.7%
-666.5%
Q2 24
23.5%
Q1 24
-1.4%
-712.4%
Capex Intensity
FUSB
FUSB
TNXP
TNXP
Q4 25
31.1%
34.8%
Q3 25
5.9%
29.2%
Q2 25
21.8%
26.4%
Q1 25
0.7%
0.2%
Q4 24
21.6%
0.1%
Q3 24
6.6%
0.3%
Q2 24
2.0%
0.0%
Q1 24
9.8%
4.4%
Cash Conversion
FUSB
FUSB
TNXP
TNXP
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.

Revenue Breakdown by Segment

FUSB
FUSB

Segment breakdown not available.

TNXP
TNXP

Zembrace Symtouch$3.1M58%
Other$2.3M42%

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