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Side-by-side financial comparison of MindWalk Holdings Corp. (HYFT) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
Solid Power, Inc. is the larger business by last-quarter revenue ($3.6M vs $3.0M, roughly 1.2× MindWalk Holdings Corp.). On growth, MindWalk Holdings Corp. posted the faster year-over-year revenue change (52.4% vs -18.6%). Over the past eight quarters, MindWalk Holdings Corp.'s revenue compounded faster (-18.2% CAGR vs -21.9%).
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
HYFT vs SLDP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.0M | $3.6M |
| Net Profit | $-2.9M | — |
| Gross Margin | 59.3% | — |
| Operating Margin | — | -730.1% |
| Net Margin | -94.5% | — |
| Revenue YoY | 52.4% | -18.6% |
| Net Profit YoY | 81.7% | — |
| EPS (diluted) | — | $-0.15 |
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.
| Q1 26 | $3.0M | — | ||
| Q4 25 | $3.0M | $3.6M | ||
| Q3 25 | $2.3M | $3.7M | ||
| Q2 25 | $12.1M | $6.5M | ||
| Q1 25 | $2.0M | $6.0M | ||
| Q4 24 | $2.0M | $4.5M | ||
| Q3 24 | $3.8M | $4.7M | ||
| Q2 24 | — | $5.1M |
| Q1 26 | $-2.9M | — | ||
| Q4 25 | $-2.3M | — | ||
| Q3 25 | $-2.2M | $-25.9M | ||
| Q2 25 | — | $-25.3M | ||
| Q1 25 | $-15.7M | $-15.2M | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | $-2.9M | $-22.4M | ||
| Q2 24 | — | $-22.3M |
| Q1 26 | 59.3% | — | ||
| Q4 25 | 64.5% | — | ||
| Q3 25 | 48.3% | — | ||
| Q2 25 | 56.5% | — | ||
| Q1 25 | 64.6% | — | ||
| Q4 24 | 51.1% | — | ||
| Q3 24 | 19.2% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | -730.1% | ||
| Q3 25 | — | -654.4% | ||
| Q2 25 | — | -398.9% | ||
| Q1 25 | — | -399.4% | ||
| Q4 24 | — | -561.1% | ||
| Q3 24 | — | -593.2% | ||
| Q2 24 | — | -530.8% |
| Q1 26 | -94.5% | — | ||
| Q4 25 | -77.5% | — | ||
| Q3 25 | -93.6% | -693.1% | ||
| Q2 25 | — | -390.7% | ||
| Q1 25 | -788.9% | -251.8% | ||
| Q4 24 | -95.3% | — | ||
| Q3 24 | -76.0% | -482.0% | ||
| Q2 24 | — | -438.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.15 | ||
| Q3 25 | — | $-0.14 | ||
| Q2 25 | — | $-0.14 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $-0.16 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | — | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.4M | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $10.8M | $415.7M |
| Total Assets | $16.8M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $10.4M | — | ||
| Q4 25 | $12.1M | $250.8M | ||
| Q3 25 | $3.7M | $251.2M | ||
| Q2 25 | $7.9M | $230.9M | ||
| Q1 25 | $9.5M | $240.9M | ||
| Q4 24 | $2.6M | $118.2M | ||
| Q3 24 | $2.9M | $132.0M | ||
| Q2 24 | — | $140.5M |
| Q1 26 | $10.8M | — | ||
| Q4 25 | $12.9M | $415.7M | ||
| Q3 25 | $15.1M | $381.2M | ||
| Q2 25 | $17.2M | $370.6M | ||
| Q1 25 | $18.2M | $397.1M | ||
| Q4 24 | $23.3M | $410.3M | ||
| Q3 24 | $24.0M | $439.4M | ||
| Q2 24 | — | $456.8M |
| Q1 26 | $16.8M | — | ||
| Q4 25 | $19.1M | $455.1M | ||
| Q3 25 | $29.7M | $416.1M | ||
| Q2 25 | $32.4M | $398.0M | ||
| Q1 25 | $33.2M | $419.4M | ||
| Q4 24 | $43.8M | $448.3M | ||
| Q3 24 | $43.3M | $470.9M | ||
| Q2 24 | — | $492.6M |
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 | — | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-23.0M |
| FCF MarginFCF / Revenue | — | -633.0% |
| Capex IntensityCapex / Revenue | — | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-18.4M | ||
| Q3 25 | $-3.1M | $-14.3M | ||
| Q2 25 | $-4.7M | $-14.4M | ||
| Q1 25 | — | $-26.3M | ||
| Q4 24 | — | $-13.9M | ||
| Q3 24 | $-1.3M | $-9.9M | ||
| Q2 24 | — | $-11.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-23.0M | ||
| Q3 25 | — | $-14.8M | ||
| Q2 25 | — | $-17.1M | ||
| Q1 25 | — | $-28.6M | ||
| Q4 24 | — | $-18.6M | ||
| Q3 24 | $-1.5M | $-12.6M | ||
| Q2 24 | — | $-15.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -633.0% | ||
| Q3 25 | — | -397.6% | ||
| Q2 25 | — | -264.2% | ||
| Q1 25 | — | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | -39.6% | -271.5% | ||
| Q2 24 | — | -305.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 126.5% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 41.5% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | 5.0% | 59.7% | ||
| Q2 24 | — | 86.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
