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Side-by-side financial comparison of Intellicheck, Inc. (IDN) and Soluna Holdings, Inc (SLNH). Click either name above to swap in a different company.
Soluna Holdings, Inc is the larger business by last-quarter revenue ($8.4M vs $6.6M, roughly 1.3× Intellicheck, Inc.). Intellicheck, Inc. runs the higher net margin — 23.4% vs -284.7%, a 308.1% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs 11.8%). Intellicheck, Inc. produced more free cash flow last quarter ($2.4M vs $-6.8M). Over the past eight quarters, Intellicheck, Inc.'s revenue compounded faster (19.1% CAGR vs -8.8%).
Intellicheck, Inc. is a US-based technology company specializing in identity verification and fraud prevention solutions. It develops AI-powered tools to validate government-issued identification documents, streamline customer onboarding, and mitigate identity theft risks for clients across finance, retail, healthcare and public sector segments.
IDN vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $8.4M |
| Net Profit | $1.6M | $-24.0M |
| Gross Margin | 91.4% | 9.5% |
| Operating Margin | 22.5% | -92.5% |
| Net Margin | 23.4% | -284.7% |
| Revenue YoY | 11.8% | 11.8% |
| Net Profit YoY | 218.0% | -233.2% |
| EPS (diluted) | $0.08 | $-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.
| Q4 25 | $6.6M | — | ||
| Q3 25 | $6.0M | $8.4M | ||
| Q2 25 | $5.1M | $6.2M | ||
| Q1 25 | $4.9M | $5.9M | ||
| Q4 24 | $5.9M | $8.3M | ||
| Q3 24 | $4.7M | $7.5M | ||
| Q2 24 | $4.7M | $9.7M | ||
| Q1 24 | $4.7M | $12.5M |
| Q4 25 | $1.6M | — | ||
| Q3 25 | $290.0K | $-24.0M | ||
| Q2 25 | $-251.0K | $-7.4M | ||
| Q1 25 | $-318.0K | $-7.6M | ||
| Q4 24 | $488.0K | $-40.0M | ||
| Q3 24 | $-837.0K | $-7.2M | ||
| Q2 24 | $-127.0K | $-10.9M | ||
| Q1 24 | $-442.0K | $-5.3M |
| Q4 25 | 91.4% | — | ||
| Q3 25 | 90.5% | 9.5% | ||
| Q2 25 | 89.8% | 6.3% | ||
| Q1 25 | 89.7% | 5.7% | ||
| Q4 24 | 91.1% | -360.8% | ||
| Q3 24 | 91.0% | -39.1% | ||
| Q2 24 | 90.5% | 34.6% | ||
| Q1 24 | 90.7% | 45.4% |
| Q4 25 | 22.5% | — | ||
| Q3 25 | 4.0% | -92.5% | ||
| Q2 25 | -5.8% | -107.6% | ||
| Q1 25 | -7.1% | -120.9% | ||
| Q4 24 | 8.1% | -426.0% | ||
| Q3 24 | -19.3% | -119.8% | ||
| Q2 24 | -4.6% | -38.0% | ||
| Q1 24 | -11.2% | 3.2% |
| Q4 25 | 23.4% | — | ||
| Q3 25 | 4.8% | -284.7% | ||
| Q2 25 | -4.9% | -119.9% | ||
| Q1 25 | -6.5% | -127.3% | ||
| Q4 24 | 8.2% | -483.8% | ||
| Q3 24 | -17.8% | -95.5% | ||
| Q2 24 | -2.7% | -112.4% | ||
| Q1 24 | -9.4% | -41.9% |
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.01 | $-1.14 | ||
| Q2 25 | $-0.01 | $-0.93 | ||
| Q1 25 | $-0.02 | $-1.21 | ||
| Q4 24 | $0.02 | $-7.14 | ||
| Q3 24 | $-0.04 | $-1.56 | ||
| Q2 24 | $-0.01 | $-3.62 | ||
| Q1 24 | $-0.02 | $-2.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.7M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $20.7M | $14.5M |
| Total Assets | $24.5M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.7M | — | ||
| Q3 25 | $7.2M | — | ||
| Q2 25 | $8.6M | — | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $5.7M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $9.2M | — |
| 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 | — | — |
| Q4 25 | $20.7M | — | ||
| Q3 25 | $18.9M | $14.5M | ||
| Q2 25 | $18.0M | $-19.5M | ||
| Q1 25 | $17.6M | $-16.1M | ||
| Q4 24 | $17.7M | $-12.5M | ||
| Q3 24 | $16.7M | $20.9M | ||
| Q2 24 | $17.3M | $24.4M | ||
| Q1 24 | $17.2M | $21.5M |
| Q4 25 | $24.5M | — | ||
| Q3 25 | $25.3M | $152.0M | ||
| Q2 25 | $23.1M | $92.0M | ||
| Q1 25 | $24.6M | $90.0M | ||
| Q4 24 | $20.9M | $88.0M | ||
| Q3 24 | $20.7M | $97.3M | ||
| Q2 24 | $21.9M | $98.7M | ||
| Q1 24 | $22.6M | $90.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.4M | $-2.2M |
| Free Cash FlowOCF − Capex | $2.4M | $-6.8M |
| FCF MarginFCF / Revenue | 36.0% | -81.4% |
| Capex IntensityCapex / Revenue | 0.1% | 55.2% |
| Cash ConversionOCF / Net Profit | 1.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.5M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | — | ||
| Q3 25 | $-1.7M | $-2.2M | ||
| Q2 25 | $3.1M | $-1.1M | ||
| Q1 25 | $750.0K | $-177.0K | ||
| Q4 24 | $-1.3M | $-5.1M | ||
| Q3 24 | $-1.1M | $61.0K | ||
| Q2 24 | $-1.2M | $-7.3M | ||
| Q1 24 | $869.0K | $3.9M |
| Q4 25 | $2.4M | — | ||
| Q3 25 | $-1.8M | $-6.8M | ||
| Q2 25 | $3.1M | $-9.7M | ||
| Q1 25 | $741.0K | $-4.0M | ||
| Q4 24 | $-1.3M | $-13.9M | ||
| Q3 24 | $-1.1M | $-3.4M | ||
| Q2 24 | $-1.2M | $-7.6M | ||
| Q1 24 | $860.0K | $3.3M |
| Q4 25 | 36.0% | — | ||
| Q3 25 | -29.2% | -81.4% | ||
| Q2 25 | 60.9% | -156.8% | ||
| Q1 25 | 15.1% | -67.1% | ||
| Q4 24 | -22.4% | -168.3% | ||
| Q3 24 | -23.1% | -44.8% | ||
| Q2 24 | -25.5% | -78.2% | ||
| Q1 24 | 18.4% | 26.5% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | 55.2% | ||
| Q2 25 | 0.3% | 139.0% | ||
| Q1 25 | 0.2% | 64.2% | ||
| Q4 24 | 0.2% | 107.0% | ||
| Q3 24 | 0.6% | 45.6% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | 0.2% | 4.2% |
| Q4 25 | 1.54× | — | ||
| Q3 25 | -5.99× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -2.71× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IDN
Segment breakdown not available.
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
