vs
Side-by-side financial comparison of Intellicheck, Inc. (IDN) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $6.6M, roughly 2.0× Intellicheck, Inc.). Intellicheck, Inc. runs the higher net margin — 23.4% vs -73.9%, a 97.2% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 11.8%). Intellicheck, Inc. produced more free cash flow last quarter ($2.4M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 19.1%).
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.
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.
IDN vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $13.2M |
| Net Profit | $1.6M | $-9.8M |
| Gross Margin | 91.4% | 86.7% |
| Operating Margin | 22.5% | -24.8% |
| Net Margin | 23.4% | -73.9% |
| Revenue YoY | 11.8% | 59.8% |
| Net Profit YoY | 218.0% | 3.5% |
| EPS (diluted) | $0.08 | $-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.
| Q4 25 | $6.6M | $13.2M | ||
| Q3 25 | $6.0M | $11.6M | ||
| Q2 25 | $5.1M | $11.2M | ||
| Q1 25 | $4.9M | $9.2M | ||
| Q4 24 | $5.9M | $8.3M | ||
| Q3 24 | $4.7M | $7.3M | ||
| Q2 24 | $4.7M | $7.4M | ||
| Q1 24 | $4.7M | $6.5M |
| Q4 25 | $1.6M | $-9.8M | ||
| Q3 25 | $290.0K | $-10.8M | ||
| Q2 25 | $-251.0K | $-8.3M | ||
| Q1 25 | $-318.0K | $-10.4M | ||
| Q4 24 | $488.0K | $-10.1M | ||
| Q3 24 | $-837.0K | $-2.4M | ||
| Q2 24 | $-127.0K | $-4.3M | ||
| Q1 24 | $-442.0K | $-13.2M |
| Q4 25 | 91.4% | 86.7% | ||
| Q3 25 | 90.5% | 83.5% | ||
| Q2 25 | 89.8% | 83.9% | ||
| Q1 25 | 89.7% | 83.7% | ||
| Q4 24 | 91.1% | 85.3% | ||
| Q3 24 | 91.0% | 86.3% | ||
| Q2 24 | 90.5% | 87.6% | ||
| Q1 24 | 90.7% | 85.0% |
| Q4 25 | 22.5% | -24.8% | ||
| Q3 25 | 4.0% | -77.9% | ||
| Q2 25 | -5.8% | -65.4% | ||
| Q1 25 | -7.1% | -79.9% | ||
| Q4 24 | 8.1% | -91.8% | ||
| Q3 24 | -19.3% | -118.9% | ||
| Q2 24 | -4.6% | -111.0% | ||
| Q1 24 | -11.2% | -180.8% |
| Q4 25 | 23.4% | -73.9% | ||
| Q3 25 | 4.8% | -93.5% | ||
| Q2 25 | -4.9% | -73.9% | ||
| Q1 25 | -6.5% | -113.2% | ||
| Q4 24 | 8.2% | -122.4% | ||
| Q3 24 | -17.8% | -32.6% | ||
| Q2 24 | -2.7% | -58.8% | ||
| Q1 24 | -9.4% | -204.5% |
| Q4 25 | $0.08 | $-0.22 | ||
| Q3 25 | $0.01 | $-0.96 | ||
| Q2 25 | $-0.01 | $-0.27 | ||
| Q1 25 | $-0.02 | $-0.39 | ||
| Q4 24 | $0.02 | $-0.38 | ||
| Q3 24 | $-0.04 | $-0.12 | ||
| Q2 24 | $-0.01 | $-0.21 | ||
| Q1 24 | $-0.02 | $-0.60 |
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 | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $20.7M | $-33.9M |
| Total Assets | $24.5M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.7M | $20.4M | ||
| Q3 25 | $7.2M | $22.7M | ||
| Q2 25 | $8.6M | $26.5M | ||
| Q1 25 | $5.1M | $13.0M | ||
| Q4 24 | $4.7M | $8.5M | ||
| Q3 24 | $5.7M | $11.3M | ||
| Q2 24 | $7.3M | $16.5M | ||
| Q1 24 | $9.2M | $4.0M |
| Q4 25 | $20.7M | $-33.9M | ||
| Q3 25 | $18.9M | $-26.7M | ||
| Q2 25 | $18.0M | $-19.4M | ||
| Q1 25 | $17.6M | $-34.4M | ||
| Q4 24 | $17.7M | $-25.9M | ||
| Q3 24 | $16.7M | $-20.4M | ||
| Q2 24 | $17.3M | $-25.3M | ||
| Q1 24 | $17.2M | $-36.0M |
| Q4 25 | $24.5M | $35.3M | ||
| Q3 25 | $25.3M | $36.5M | ||
| Q2 25 | $23.1M | $41.3M | ||
| Q1 25 | $24.6M | $28.6M | ||
| Q4 24 | $20.9M | $24.0M | ||
| Q3 24 | $20.7M | $27.5M | ||
| Q2 24 | $21.9M | $32.4M | ||
| Q1 24 | $22.6M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.4M | $-2.5M |
| Free Cash FlowOCF − Capex | $2.4M | $-2.5M |
| FCF MarginFCF / Revenue | 36.0% | -19.1% |
| Capex IntensityCapex / Revenue | 0.1% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.5M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $-2.5M | ||
| Q3 25 | $-1.7M | $-3.7M | ||
| Q2 25 | $3.1M | $-7.3M | ||
| Q1 25 | $750.0K | $-4.5M | ||
| Q4 24 | $-1.3M | $-5.7M | ||
| Q3 24 | $-1.1M | $-10.8M | ||
| Q2 24 | $-1.2M | $-13.4M | ||
| Q1 24 | $869.0K | $-10.9M |
| Q4 25 | $2.4M | $-2.5M | ||
| Q3 25 | $-1.8M | $-3.9M | ||
| Q2 25 | $3.1M | $-7.4M | ||
| Q1 25 | $741.0K | $-5.3M | ||
| Q4 24 | $-1.3M | $-5.8M | ||
| Q3 24 | $-1.1M | $-11.0M | ||
| Q2 24 | $-1.2M | $-13.5M | ||
| Q1 24 | $860.0K | $-10.9M |
| Q4 25 | 36.0% | -19.1% | ||
| Q3 25 | -29.2% | -33.9% | ||
| Q2 25 | 60.9% | -66.1% | ||
| Q1 25 | 15.1% | -57.3% | ||
| Q4 24 | -22.4% | -69.7% | ||
| Q3 24 | -23.1% | -149.9% | ||
| Q2 24 | -25.5% | -183.1% | ||
| Q1 24 | 18.4% | -169.3% |
| Q4 25 | 0.1% | 0.3% | ||
| Q3 25 | 0.4% | 1.9% | ||
| Q2 25 | 0.3% | 0.8% | ||
| Q1 25 | 0.2% | 8.2% | ||
| Q4 24 | 0.2% | 0.6% | ||
| Q3 24 | 0.6% | 2.3% | ||
| Q2 24 | 0.2% | 0.8% | ||
| Q1 24 | 0.2% | 1.0% |
| 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.
