vs
Side-by-side financial comparison of Kymera Therapeutics, Inc. (KYMR) and Soluna Holdings, Inc (SLNH). Click either name above to swap in a different company.
Kymera Therapeutics, Inc. is the larger business by last-quarter revenue ($11.5M vs $8.4M, roughly 1.4× Soluna Holdings, Inc). Soluna Holdings, Inc runs the higher net margin — -284.7% vs -667.6%, a 382.9% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -55.3%). Soluna Holdings, Inc produced more free cash flow last quarter ($-6.8M vs $-60.6M). Over the past eight quarters, Kymera Therapeutics, Inc.'s revenue compounded faster (10.1% CAGR vs -8.8%).
Kymera Therapeutics is a clinical-stage biopharmaceutical company specialized in developing innovative targeted protein degradation therapies. It advances a diversified pipeline of drug candidates targeting previously undruggable proteins to address unmet medical needs in oncology, autoimmune and inflammatory diseases worldwide.
KYMR vs SLNH — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.5M | $8.4M |
| Net Profit | $-76.6M | $-24.0M |
| Gross Margin | — | 9.5% |
| Operating Margin | -736.8% | -92.5% |
| Net Margin | -667.6% | -284.7% |
| Revenue YoY | -55.3% | 11.8% |
| Net Profit YoY | -82.1% | -233.2% |
| EPS (diluted) | $-0.95 | $-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.
| Q3 25 | — | $8.4M | ||
| Q2 25 | $11.5M | $6.2M | ||
| Q1 25 | $22.1M | $5.9M | ||
| Q4 24 | $7.4M | $8.3M | ||
| Q3 24 | — | $7.5M | ||
| Q2 24 | $25.6M | $9.7M | ||
| Q1 24 | $10.3M | $12.5M | ||
| Q4 23 | $47.9M | $10.1M |
| Q3 25 | — | $-24.0M | ||
| Q2 25 | $-76.6M | $-7.4M | ||
| Q1 25 | $-65.6M | $-7.6M | ||
| Q4 24 | $-70.8M | $-40.0M | ||
| Q3 24 | — | $-7.2M | ||
| Q2 24 | $-42.1M | $-10.9M | ||
| Q1 24 | $-48.6M | $-5.3M | ||
| Q4 23 | $-14.4M | $-6.7M |
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | -360.8% | ||
| Q3 24 | — | -39.1% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 45.4% | ||
| Q4 23 | — | 42.4% |
| Q3 25 | — | -92.5% | ||
| Q2 25 | -736.8% | -107.6% | ||
| Q1 25 | -336.8% | -120.9% | ||
| Q4 24 | -1092.2% | -426.0% | ||
| Q3 24 | — | -119.8% | ||
| Q2 24 | -198.5% | -38.0% | ||
| Q1 24 | -562.2% | 3.2% | ||
| Q4 23 | -40.3% | -23.9% |
| Q3 25 | — | -284.7% | ||
| Q2 25 | -667.6% | -119.9% | ||
| Q1 25 | -296.7% | -127.3% | ||
| Q4 24 | -956.9% | -483.8% | ||
| Q3 24 | — | -95.5% | ||
| Q2 24 | -164.0% | -112.4% | ||
| Q1 24 | -472.0% | -41.9% | ||
| Q4 23 | -30.0% | -66.2% |
| Q3 25 | — | $-1.14 | ||
| Q2 25 | $-0.95 | $-0.93 | ||
| Q1 25 | $-0.82 | $-1.21 | ||
| Q4 24 | $-0.89 | $-7.14 | ||
| Q3 24 | — | $-1.56 | ||
| Q2 24 | $-0.58 | $-3.62 | ||
| Q1 24 | $-0.69 | $-2.62 | ||
| Q4 23 | $-0.25 | $-1.99 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $335.8M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $971.5M | $14.5M |
| Total Assets | $1.1B | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | — | ||
| Q2 25 | $335.8M | — | ||
| Q1 25 | $90.0M | — | ||
| Q4 24 | $120.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $67.6M | — | ||
| Q1 24 | $93.5M | — | ||
| Q4 23 | $110.0M | — |
| 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 23 | — | — |
| Q3 25 | — | $14.5M | ||
| Q2 25 | $971.5M | $-19.5M | ||
| Q1 25 | $786.2M | $-16.1M | ||
| Q4 24 | $835.6M | $-12.5M | ||
| Q3 24 | — | $20.9M | ||
| Q2 24 | $684.9M | $24.4M | ||
| Q1 24 | $711.2M | $21.5M | ||
| Q4 23 | $395.0M | $26.5M |
| Q3 25 | — | $152.0M | ||
| Q2 25 | $1.1B | $92.0M | ||
| Q1 25 | $918.3M | $90.0M | ||
| Q4 24 | $978.0M | $88.0M | ||
| Q3 24 | — | $97.3M | ||
| Q2 24 | $826.0M | $98.7M | ||
| Q1 24 | $868.3M | $90.6M | ||
| Q4 23 | $575.8M | $91.3M |
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $-59.9M | $-2.2M |
| Free Cash FlowOCF − Capex | $-60.6M | $-6.8M |
| FCF MarginFCF / Revenue | -527.9% | -81.4% |
| Capex IntensityCapex / Revenue | 6.1% | 55.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-250.5M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-2.2M | ||
| Q2 25 | $-59.9M | $-1.1M | ||
| Q1 25 | $-79.2M | $-177.0K | ||
| Q4 24 | $-61.8M | $-5.1M | ||
| Q3 24 | — | $61.0K | ||
| Q2 24 | $-42.9M | $-7.3M | ||
| Q1 24 | $-39.6M | $3.9M | ||
| Q4 23 | $8.0M | $1.4M |
| Q3 25 | — | $-6.8M | ||
| Q2 25 | $-60.6M | $-9.7M | ||
| Q1 25 | $-79.6M | $-4.0M | ||
| Q4 24 | $-62.7M | $-13.9M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | $-47.6M | $-7.6M | ||
| Q1 24 | $-47.0M | $3.3M | ||
| Q4 23 | $-3.6M | $1.2M |
| Q3 25 | — | -81.4% | ||
| Q2 25 | -527.9% | -156.8% | ||
| Q1 25 | -360.3% | -67.1% | ||
| Q4 24 | -848.3% | -168.3% | ||
| Q3 24 | — | -44.8% | ||
| Q2 24 | -185.7% | -78.2% | ||
| Q1 24 | -456.8% | 26.5% | ||
| Q4 23 | -7.5% | 12.3% |
| Q3 25 | — | 55.2% | ||
| Q2 25 | 6.1% | 139.0% | ||
| Q1 25 | 2.1% | 64.2% | ||
| Q4 24 | 12.7% | 107.0% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | 18.3% | 2.5% | ||
| Q1 24 | 72.0% | 4.2% | ||
| Q4 23 | 24.3% | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KYMR
Segment breakdown not available.
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
