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Side-by-side financial comparison of Globavend Holdings Ltd (GVH) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

Globavend Holdings Ltd is the larger business by last-quarter revenue ($13.7M vs $13.2M, roughly 1.0× TriSalus Life Sciences, Inc.). Globavend Holdings Ltd runs the higher net margin — 3.3% vs -73.9%, a 77.1% gap on every dollar of revenue. On growth, Globavend Holdings Ltd posted the faster year-over-year revenue change (63.7% vs 59.8%). Globavend Holdings Ltd produced more free cash flow last quarter ($-1.2M vs $-2.5M).

Globavend Holdings Ltd is a provider of smart unattended retail solutions, focusing on the design, supply, and operation of intelligent vending machines. It primarily serves markets across Australia, New Zealand, and Southeast Asia, offering end-to-end services including hardware manufacturing, inventory management software, and after-sales support to clients in retail, FMCG, and workplace service segments.

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.

GVH vs TLSI — Head-to-Head

Bigger by revenue
GVH
GVH
1.0× larger
GVH
$13.7M
$13.2M
TLSI
Growing faster (revenue YoY)
GVH
GVH
+3.8% gap
GVH
63.7%
59.8%
TLSI
Higher net margin
GVH
GVH
77.1% more per $
GVH
3.3%
-73.9%
TLSI
More free cash flow
GVH
GVH
$1.3M more FCF
GVH
$-1.2M
$-2.5M
TLSI

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
GVH
GVH
TLSI
TLSI
Revenue
$13.7M
$13.2M
Net Profit
$450.3K
$-9.8M
Gross Margin
10.5%
86.7%
Operating Margin
5.8%
-24.8%
Net Margin
3.3%
-73.9%
Revenue YoY
63.7%
59.8%
Net Profit YoY
-49.9%
3.5%
EPS (diluted)
$6.01
$-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
GVH
GVH
TLSI
TLSI
Q4 25
$13.2M
Q3 25
$11.6M
Q2 25
$11.2M
Q1 25
$13.7M
$9.2M
Q4 24
$8.3M
Q3 24
$7.3M
Q2 24
$7.4M
Q1 24
$8.4M
$6.5M
Net Profit
GVH
GVH
TLSI
TLSI
Q4 25
$-9.8M
Q3 25
$-10.8M
Q2 25
$-8.3M
Q1 25
$450.3K
$-10.4M
Q4 24
$-10.1M
Q3 24
$-2.4M
Q2 24
$-4.3M
Q1 24
$898.8K
$-13.2M
Gross Margin
GVH
GVH
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
10.5%
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
19.8%
85.0%
Operating Margin
GVH
GVH
TLSI
TLSI
Q4 25
-24.8%
Q3 25
-77.9%
Q2 25
-65.4%
Q1 25
5.8%
-79.9%
Q4 24
-91.8%
Q3 24
-118.9%
Q2 24
-111.0%
Q1 24
13.8%
-180.8%
Net Margin
GVH
GVH
TLSI
TLSI
Q4 25
-73.9%
Q3 25
-93.5%
Q2 25
-73.9%
Q1 25
3.3%
-113.2%
Q4 24
-122.4%
Q3 24
-32.6%
Q2 24
-58.8%
Q1 24
10.7%
-204.5%
EPS (diluted)
GVH
GVH
TLSI
TLSI
Q4 25
$-0.22
Q3 25
$-0.96
Q2 25
$-0.27
Q1 25
$6.01
$-0.39
Q4 24
$-0.38
Q3 24
$-0.12
Q2 24
$-0.21
Q1 24
$12.57
$-0.60

Balance Sheet & Financial Strength

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

Metric
GVH
GVH
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$915.2K
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.7M
$-33.9M
Total Assets
$6.4M
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GVH
GVH
TLSI
TLSI
Q4 25
$20.4M
Q3 25
$22.7M
Q2 25
$26.5M
Q1 25
$915.2K
$13.0M
Q4 24
$8.5M
Q3 24
$11.3M
Q2 24
$16.5M
Q1 24
$2.5M
$4.0M
Stockholders' Equity
GVH
GVH
TLSI
TLSI
Q4 25
$-33.9M
Q3 25
$-26.7M
Q2 25
$-19.4M
Q1 25
$5.7M
$-34.4M
Q4 24
$-25.9M
Q3 24
$-20.4M
Q2 24
$-25.3M
Q1 24
$4.4M
$-36.0M
Total Assets
GVH
GVH
TLSI
TLSI
Q4 25
$35.3M
Q3 25
$36.5M
Q2 25
$41.3M
Q1 25
$6.4M
$28.6M
Q4 24
$24.0M
Q3 24
$27.5M
Q2 24
$32.4M
Q1 24
$6.0M
$17.9M

Cash Flow & Capital Efficiency

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

Metric
GVH
GVH
TLSI
TLSI
Operating Cash FlowLast quarter
$-906.3K
$-2.5M
Free Cash FlowOCF − Capex
$-1.2M
$-2.5M
FCF MarginFCF / Revenue
-8.8%
-19.1%
Capex IntensityCapex / Revenue
2.2%
0.3%
Cash ConversionOCF / Net Profit
-2.01×
TTM Free Cash FlowTrailing 4 quarters
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GVH
GVH
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.7M
Q2 25
$-7.3M
Q1 25
$-906.3K
$-4.5M
Q4 24
$-5.7M
Q3 24
$-10.8M
Q2 24
$-13.4M
Q1 24
$-256.6K
$-10.9M
Free Cash Flow
GVH
GVH
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.9M
Q2 25
$-7.4M
Q1 25
$-1.2M
$-5.3M
Q4 24
$-5.8M
Q3 24
$-11.0M
Q2 24
$-13.5M
Q1 24
$-730.0K
$-10.9M
FCF Margin
GVH
GVH
TLSI
TLSI
Q4 25
-19.1%
Q3 25
-33.9%
Q2 25
-66.1%
Q1 25
-8.8%
-57.3%
Q4 24
-69.7%
Q3 24
-149.9%
Q2 24
-183.1%
Q1 24
-8.7%
-169.3%
Capex Intensity
GVH
GVH
TLSI
TLSI
Q4 25
0.3%
Q3 25
1.9%
Q2 25
0.8%
Q1 25
2.2%
8.2%
Q4 24
0.6%
Q3 24
2.3%
Q2 24
0.8%
Q1 24
5.6%
1.0%
Cash Conversion
GVH
GVH
TLSI
TLSI
Q4 25
Q3 25
Q2 25
Q1 25
-2.01×
Q4 24
Q3 24
Q2 24
Q1 24
-0.29×

Financial Flow Comparison

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

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