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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and TELA Bio, Inc. (TELA). Click either name above to swap in a different company.

TELA Bio, Inc. is the larger business by last-quarter revenue ($20.9M vs $18.2M, roughly 1.1× FrontView REIT, Inc.). FrontView REIT, Inc. runs the higher net margin — 2.2% vs -43.3%, a 45.5% gap on every dollar of revenue. On growth, TELA Bio, Inc. posted the faster year-over-year revenue change (18.2% vs 12.0%).

TELA Bio, Inc. is a medical technology company focused on developing and commercializing innovative soft tissue repair solutions for surgical procedures. Its core product portfolio targets applications including hernia repair, abdominal wall reconstruction and other general surgery use cases, serving hospitals, ambulatory surgical centers and healthcare providers primarily across the United States and select global markets.

FVR vs TELA — Head-to-Head

Bigger by revenue
TELA
TELA
1.1× larger
TELA
$20.9M
$18.2M
FVR
Growing faster (revenue YoY)
TELA
TELA
+6.3% gap
TELA
18.2%
12.0%
FVR
Higher net margin
FVR
FVR
45.5% more per $
FVR
2.2%
-43.3%
TELA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FVR
FVR
TELA
TELA
Revenue
$18.2M
$20.9M
Net Profit
$400.0K
$-9.0M
Gross Margin
65.9%
Operating Margin
24.9%
-31.9%
Net Margin
2.2%
-43.3%
Revenue YoY
12.0%
18.2%
Net Profit YoY
1.8%
EPS (diluted)
$-0.17

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
FVR
FVR
TELA
TELA
Q1 26
$18.2M
Q4 25
$16.5M
$20.9M
Q3 25
$16.8M
$20.7M
Q2 25
$17.6M
$20.2M
Q1 25
$16.2M
$18.5M
Q4 24
$17.6M
Q3 24
$14.5M
$19.0M
Q2 24
$16.1M
Net Profit
FVR
FVR
TELA
TELA
Q1 26
$400.0K
Q4 25
$-4.1M
$-9.0M
Q3 25
$4.0M
$-8.6M
Q2 25
$-2.9M
$-9.9M
Q1 25
$-833.0K
$-11.3M
Q4 24
$-9.2M
Q3 24
$-2.4M
$-10.4M
Q2 24
$-12.6M
Gross Margin
FVR
FVR
TELA
TELA
Q1 26
Q4 25
65.9%
Q3 25
67.5%
Q2 25
69.8%
Q1 25
67.6%
Q4 24
63.6%
Q3 24
67.8%
Q2 24
68.8%
Operating Margin
FVR
FVR
TELA
TELA
Q1 26
24.9%
Q4 25
-31.9%
Q3 25
-36.5%
Q2 25
-45.0%
Q1 25
-56.5%
Q4 24
-47.3%
Q3 24
-49.4%
Q2 24
-71.9%
Net Margin
FVR
FVR
TELA
TELA
Q1 26
2.2%
Q4 25
-24.9%
-43.3%
Q3 25
23.9%
-41.6%
Q2 25
-16.5%
-49.1%
Q1 25
-5.1%
-60.8%
Q4 24
-52.2%
Q3 24
-16.7%
-54.7%
Q2 24
-78.3%
EPS (diluted)
FVR
FVR
TELA
TELA
Q1 26
Q4 25
$-0.19
$-0.17
Q3 25
$0.19
$-0.19
Q2 25
$-0.16
$-0.22
Q1 25
$-0.06
$-0.25
Q4 24
$-0.17
Q3 24
$-0.42
Q2 24
$-0.51

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
TELA
TELA
Cash + ST InvestmentsLiquidity on hand
$9.3M
$50.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$514.2M
$6.3M
Total Assets
$869.8M
$81.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
TELA
TELA
Q1 26
$9.3M
Q4 25
$13.5M
$50.8M
Q3 25
$19.6M
$29.7M
Q2 25
$8.4M
$35.0M
Q1 25
$3.3M
$42.8M
Q4 24
$52.7M
Q3 24
$17.3M
Q2 24
$26.5M
Total Debt
FVR
FVR
TELA
TELA
Q1 26
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
$41.4M
Q1 25
$310.2M
$41.3M
Q4 24
$41.1M
Q3 24
$41.0M
Q2 24
$40.8M
Stockholders' Equity
FVR
FVR
TELA
TELA
Q1 26
$514.2M
Q4 25
$391.2M
$6.3M
Q3 25
$385.2M
$1.6M
Q2 25
$369.9M
$9.2M
Q1 25
$324.7M
$18.1M
Q4 24
$28.5M
Q3 24
$1.0K
$-6.3M
Q2 24
$2.9M
Total Assets
FVR
FVR
TELA
TELA
Q1 26
$869.8M
Q4 25
$854.4M
$81.4M
Q3 25
$846.8M
$61.6M
Q2 25
$856.5M
$67.5M
Q1 25
$860.8M
$77.3M
Q4 24
$86.6M
Q3 24
$1.0K
$53.0M
Q2 24
$60.2M
Debt / Equity
FVR
FVR
TELA
TELA
Q1 26
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
4.51×
Q1 25
0.96×
2.28×
Q4 24
1.45×
Q3 24
Q2 24
14.22×

Cash Flow & Capital Efficiency

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

Metric
FVR
FVR
TELA
TELA
Operating Cash FlowLast quarter
$-4.9M
Free Cash FlowOCF − Capex
$-5.0M
FCF MarginFCF / Revenue
-23.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
TELA
TELA
Q1 26
Q4 25
$42.1M
$-4.9M
Q3 25
$8.3M
$-5.7M
Q2 25
$9.3M
$-7.9M
Q1 25
$8.1M
$-9.7M
Q4 24
$-7.5M
Q3 24
$-9.0M
Q2 24
$-10.7M
Free Cash Flow
FVR
FVR
TELA
TELA
Q1 26
Q4 25
$-5.0M
Q3 25
$-5.9M
Q2 25
$-8.0M
Q1 25
$-9.8M
Q4 24
$-7.8M
Q3 24
$-9.1M
Q2 24
$-11.0M
FCF Margin
FVR
FVR
TELA
TELA
Q1 26
Q4 25
-23.8%
Q3 25
-28.7%
Q2 25
-39.7%
Q1 25
-52.7%
Q4 24
-44.2%
Q3 24
-48.0%
Q2 24
-68.3%
Capex Intensity
FVR
FVR
TELA
TELA
Q1 26
Q4 25
0.4%
Q3 25
1.0%
Q2 25
0.6%
Q1 25
0.2%
Q4 24
1.5%
Q3 24
0.6%
Q2 24
1.9%
Cash Conversion
FVR
FVR
TELA
TELA
Q1 26
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FVR
FVR

Segment breakdown not available.

TELA
TELA

Ovitex$13.4M64%
Ovitex Prs$6.8M33%
Other$597.0K3%

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