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Side-by-side financial comparison of Solana Co (HSDT) and NEXGEL, INC. (NXGL). Click either name above to swap in a different company.
Solana Co is the larger business by last-quarter revenue ($5.2M vs $2.8M, roughly 1.9× NEXGEL, INC.). Solana Co runs the higher net margin — 6227.1% vs -34.7%, a 6261.7% gap on every dollar of revenue. On growth, Solana Co posted the faster year-over-year revenue change (2725.9% vs -8.1%). Over the past eight quarters, Solana Co's revenue compounded faster (522.3% CAGR vs 48.6%).
Solana is a Mexican cottage manufacturer of sports, racing, and kids' automobiles based in Mexico City. The family run company has operated since 1936, with a total production of fewer than fifty cars; the majority of them one-offs. The family is heavily involved in motor sports; the most prominent member was Moisés Solana, who raced family-built cars and later in Formula One.
NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.
HSDT vs NXGL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.2M | $2.8M |
| Net Profit | $325.6M | $-970.0K |
| Gross Margin | 96.6% | 29.3% |
| Operating Margin | -3845.8% | -43.4% |
| Net Margin | 6227.1% | -34.7% |
| Revenue YoY | 2725.9% | -8.1% |
| Net Profit YoY | 8388.0% | -14.1% |
| EPS (diluted) | $111.28 | $-0.12 |
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.
| Q4 25 | $5.2M | $2.8M | ||
| Q3 25 | $697.0K | $2.9M | ||
| Q2 25 | $43.0K | $2.9M | ||
| Q1 25 | $49.0K | $2.8M | ||
| Q4 24 | $185.0K | $3.0M | ||
| Q3 24 | $51.0K | $2.9M | ||
| Q2 24 | $182.0K | $1.4M | ||
| Q1 24 | $135.0K | $1.3M |
| Q4 25 | $325.6M | $-970.0K | ||
| Q3 25 | $-352.8M | $-653.0K | ||
| Q2 25 | $-9.8M | $-665.0K | ||
| Q1 25 | $-3.8M | $-712.0K | ||
| Q4 24 | — | $-850.0K | ||
| Q3 24 | $-3.7M | $-693.0K | ||
| Q2 24 | $-1.6M | $-885.0K | ||
| Q1 24 | $-2.5M | $-853.0K |
| Q4 25 | 96.6% | 29.3% | ||
| Q3 25 | 85.2% | 42.4% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 42.3% | ||
| Q4 24 | 16.8% | 37.5% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | 35.2% | 20.3% | ||
| Q1 24 | 8.9% | 12.6% |
| Q4 25 | -3845.8% | -43.4% | ||
| Q3 25 | -5086.1% | -24.7% | ||
| Q2 25 | -7725.6% | -22.1% | ||
| Q1 25 | -8185.7% | -27.7% | ||
| Q4 24 | — | -27.6% | ||
| Q3 24 | -7980.4% | -26.8% | ||
| Q2 24 | -1796.7% | -73.2% | ||
| Q1 24 | -2530.4% | -68.8% |
| Q4 25 | 6227.1% | -34.7% | ||
| Q3 25 | -50612.3% | -22.3% | ||
| Q2 25 | -22867.4% | -23.1% | ||
| Q1 25 | -7832.7% | -25.4% | ||
| Q4 24 | — | -27.9% | ||
| Q3 24 | -7227.5% | -23.6% | ||
| Q2 24 | -885.7% | -61.5% | ||
| Q1 24 | -1863.7% | -67.4% |
| Q4 25 | $111.28 | $-0.12 | ||
| Q3 25 | $-32.89 | $-0.08 | ||
| Q2 25 | $-79.73 | $-0.09 | ||
| Q1 25 | $-0.51 | $-0.09 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | $-744.35 | $-0.11 | ||
| Q2 24 | $-485.30 | $-0.14 | ||
| Q1 24 | $-3.08 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.3M | — |
| Total DebtLower is stronger | — | $588.0K |
| Stockholders' EquityBook value | $300.9M | $4.5M |
| Total Assets | $303.9M | $10.5M |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3M | — | ||
| Q3 25 | $124.1M | $938.0K | ||
| Q2 25 | $6.1M | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.1M | $1.8M | ||
| Q3 24 | $3.5M | $1.1M | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $3.6M | — |
| Q4 25 | — | $588.0K | ||
| Q3 25 | — | $614.0K | ||
| Q2 25 | — | $638.0K | ||
| Q1 25 | — | $662.0K | ||
| Q4 24 | — | $685.0K | ||
| Q3 24 | — | $709.0K | ||
| Q2 24 | — | $732.0K | ||
| Q1 24 | — | $750.0K |
| Q4 25 | $300.9M | $4.5M | ||
| Q3 25 | $-152.4M | $5.2M | ||
| Q2 25 | $6.0M | $4.7M | ||
| Q1 25 | $1.3M | $5.2M | ||
| Q4 24 | $1.1M | $5.8M | ||
| Q3 24 | $3.8M | $4.7M | ||
| Q2 24 | $6.3M | $4.2M | ||
| Q1 24 | $2.0M | $4.8M |
| Q4 25 | $303.9M | $10.5M | ||
| Q3 25 | $475.9M | $11.6M | ||
| Q2 25 | $7.9M | $9.7M | ||
| Q1 25 | $3.5M | $10.4M | ||
| Q4 24 | $3.5M | $11.0M | ||
| Q3 24 | $5.6M | $10.6M | ||
| Q2 24 | $8.8M | $9.8M | ||
| Q1 24 | $5.8M | $10.4M |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.16× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | $281.0K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $281.0K | ||
| Q3 25 | $-4.0M | $-785.0K | ||
| Q2 25 | $-2.8M | $-407.0K | ||
| Q1 25 | $-3.5M | $-400.0K | ||
| Q4 24 | $-11.0M | $-859.0K | ||
| Q3 24 | $-2.8M | $-1.2M | ||
| Q2 24 | $-2.9M | $-700.0K | ||
| Q1 24 | $-3.0M | $-1.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-793.0K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-11.0M | — | ||
| Q3 24 | — | $-1.2M | ||
| Q2 24 | — | $-909.0K | ||
| Q1 24 | $-3.0M | $-1.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5970.8% | — | ||
| Q3 24 | — | -41.8% | ||
| Q2 24 | — | -63.1% | ||
| Q1 24 | -2226.7% | -98.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.0% | 14.5% | ||
| Q1 24 | 3.7% | 12.0% |
| Q4 25 | -0.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
