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Side-by-side financial comparison of Gossamer Bio, Inc. (GOSS) and Soluna Holdings, Inc (SLNH). Click either name above to swap in a different company.

Gossamer Bio, Inc. is the larger business by last-quarter revenue ($13.8M vs $8.4M, roughly 1.6× Soluna Holdings, Inc). Soluna Holdings, Inc runs the higher net margin — -284.7% vs -342.3%, a 57.6% gap on every dollar of revenue. On growth, Gossamer Bio, Inc. posted the faster year-over-year revenue change (47.1% vs 11.8%).

Gossamer Bio, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics for patients with serious immunology, inflammation and oncology conditions. It advances a pipeline of proprietary product candidates across multiple clinical phases, primarily serving healthcare markets in North America and other global regions.

GOSS vs SLNH — Head-to-Head

Bigger by revenue
GOSS
GOSS
1.6× larger
GOSS
$13.8M
$8.4M
SLNH
Growing faster (revenue YoY)
GOSS
GOSS
+35.3% gap
GOSS
47.1%
11.8%
SLNH
Higher net margin
SLNH
SLNH
57.6% more per $
SLNH
-284.7%
-342.3%
GOSS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
GOSS
GOSS
SLNH
SLNH
Revenue
$13.8M
$8.4M
Net Profit
$-47.2M
$-24.0M
Gross Margin
9.5%
Operating Margin
-333.6%
-92.5%
Net Margin
-342.3%
-284.7%
Revenue YoY
47.1%
11.8%
Net Profit YoY
-43.0%
-233.2%
EPS (diluted)
$-0.21
$-1.14

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
GOSS
GOSS
SLNH
SLNH
Q4 25
$13.8M
Q3 25
$13.3M
$8.4M
Q2 25
$6.2M
Q1 25
$5.9M
Q4 24
$8.3M
Q3 24
$7.5M
Q2 24
$95.8M
$9.7M
Q1 24
$0
$12.5M
Net Profit
GOSS
GOSS
SLNH
SLNH
Q4 25
$-47.2M
Q3 25
$-48.2M
$-24.0M
Q2 25
$-7.4M
Q1 25
$-7.6M
Q4 24
$-40.0M
Q3 24
$-7.2M
Q2 24
$49.2M
$-10.9M
Q1 24
$-41.9M
$-5.3M
Gross Margin
GOSS
GOSS
SLNH
SLNH
Q4 25
Q3 25
9.5%
Q2 25
6.3%
Q1 25
5.7%
Q4 24
-360.8%
Q3 24
-39.1%
Q2 24
34.6%
Q1 24
45.4%
Operating Margin
GOSS
GOSS
SLNH
SLNH
Q4 25
-333.6%
Q3 25
-369.4%
-92.5%
Q2 25
-107.6%
Q1 25
-120.9%
Q4 24
-426.0%
Q3 24
-119.8%
Q2 24
54.3%
-38.0%
Q1 24
3.2%
Net Margin
GOSS
GOSS
SLNH
SLNH
Q4 25
-342.3%
Q3 25
-362.7%
-284.7%
Q2 25
-119.9%
Q1 25
-127.3%
Q4 24
-483.8%
Q3 24
-95.5%
Q2 24
51.4%
-112.4%
Q1 24
-41.9%
EPS (diluted)
GOSS
GOSS
SLNH
SLNH
Q4 25
$-0.21
Q3 25
$-0.21
$-1.14
Q2 25
$-0.93
Q1 25
$-1.21
Q4 24
$-7.14
Q3 24
$-1.56
Q2 24
$0.22
$-3.62
Q1 24
$-0.19
$-2.62

Balance Sheet & Financial Strength

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

Metric
GOSS
GOSS
SLNH
SLNH
Cash + ST InvestmentsLiquidity on hand
$136.9M
Total DebtLower is stronger
$13.3M
Stockholders' EquityBook value
$-122.8M
$14.5M
Total Assets
$172.2M
$152.0M
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOSS
GOSS
SLNH
SLNH
Q4 25
$136.9M
Q3 25
$180.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$354.5M
Q1 24
$244.4M
Total Debt
GOSS
GOSS
SLNH
SLNH
Q4 25
Q3 25
$13.3M
Q2 25
$10.0M
Q1 25
$10.2M
Q4 24
$7.1M
Q3 24
$8.1M
Q2 24
$9.0M
Q1 24
Stockholders' Equity
GOSS
GOSS
SLNH
SLNH
Q4 25
$-122.8M
Q3 25
$-82.3M
$14.5M
Q2 25
$-19.5M
Q1 25
$-16.1M
Q4 24
$-12.5M
Q3 24
$20.9M
Q2 24
$81.5M
$24.4M
Q1 24
$26.7M
$21.5M
Total Assets
GOSS
GOSS
SLNH
SLNH
Q4 25
$172.2M
Q3 25
$208.8M
$152.0M
Q2 25
$92.0M
Q1 25
$90.0M
Q4 24
$88.0M
Q3 24
$97.3M
Q2 24
$373.4M
$98.7M
Q1 24
$259.4M
$90.6M
Debt / Equity
GOSS
GOSS
SLNH
SLNH
Q4 25
Q3 25
0.92×
Q2 25
Q1 25
Q4 24
Q3 24
0.39×
Q2 24
0.37×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
GOSS
GOSS
SLNH
SLNH
Operating Cash FlowLast quarter
$-48.3M
$-2.2M
Free Cash FlowOCF − Capex
$-6.8M
FCF MarginFCF / Revenue
-81.4%
Capex IntensityCapex / Revenue
0.0%
55.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOSS
GOSS
SLNH
SLNH
Q4 25
$-48.3M
Q3 25
$-36.2M
$-2.2M
Q2 25
$-1.1M
Q1 25
$-177.0K
Q4 24
$-5.1M
Q3 24
$61.0K
Q2 24
$116.3M
$-7.3M
Q1 24
$-52.3M
$3.9M
Free Cash Flow
GOSS
GOSS
SLNH
SLNH
Q4 25
Q3 25
$-6.8M
Q2 25
$-9.7M
Q1 25
$-4.0M
Q4 24
$-13.9M
Q3 24
$-3.4M
Q2 24
$-7.6M
Q1 24
$3.3M
FCF Margin
GOSS
GOSS
SLNH
SLNH
Q4 25
Q3 25
-81.4%
Q2 25
-156.8%
Q1 25
-67.1%
Q4 24
-168.3%
Q3 24
-44.8%
Q2 24
-78.2%
Q1 24
26.5%
Capex Intensity
GOSS
GOSS
SLNH
SLNH
Q4 25
0.0%
Q3 25
0.0%
55.2%
Q2 25
139.0%
Q1 25
64.2%
Q4 24
107.0%
Q3 24
45.6%
Q2 24
0.0%
2.5%
Q1 24
4.2%
Cash Conversion
GOSS
GOSS
SLNH
SLNH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
2.36×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GOSS
GOSS

Segment breakdown not available.

SLNH
SLNH

Data Hosting Revenue$5.3M62%
Cryptocurrency Mining Revenue$2.8M33%
Other$389.0K5%

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