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Side-by-side financial comparison of Lument Finance Trust, Inc. (LFT) and Scilex Holding Co (SCLX). Click either name above to swap in a different company.

Lument Finance Trust, Inc. is the larger business by last-quarter revenue ($5.4M vs $4.8M, roughly 1.1× Scilex Holding Co). Lument Finance Trust, Inc. runs the higher net margin — -144.5% vs -961.9%, a 817.4% gap on every dollar of revenue. On growth, Lument Finance Trust, Inc. posted the faster year-over-year revenue change (-42.6% vs -67.8%). Over the past eight quarters, Scilex Holding Co's revenue compounded faster (-33.6% CAGR vs -35.7%).

Lument Finance Trust, Inc. is a US-based real estate finance firm that primarily invests in, manages, and operates credit assets tied to multifamily residential and commercial real estate. Its core offerings include bridge loans, permanent financing solutions, and structured real estate debt products for property owners and operators across the United States.

Scilex Holding Co is a commercial-stage biopharmaceutical firm focused on developing and commercializing innovative non-opioid pain management therapies for acute and chronic pain segments. It primarily serves the US market, offering prescription and over-the-counter pain relief solutions for patients and healthcare providers.

LFT vs SCLX — Head-to-Head

Bigger by revenue
LFT
LFT
1.1× larger
LFT
$5.4M
$4.8M
SCLX
Growing faster (revenue YoY)
LFT
LFT
+25.2% gap
LFT
-42.6%
-67.8%
SCLX
Higher net margin
LFT
LFT
817.4% more per $
LFT
-144.5%
-961.9%
SCLX
Faster 2-yr revenue CAGR
SCLX
SCLX
Annualised
SCLX
-33.6%
-35.7%
LFT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LFT
LFT
SCLX
SCLX
Revenue
$5.4M
$4.8M
Net Profit
$-7.8M
$-46.1M
Gross Margin
45.5%
Operating Margin
-2317.8%
Net Margin
-144.5%
-961.9%
Revenue YoY
-42.6%
-67.8%
Net Profit YoY
-262.0%
-613.7%
EPS (diluted)
$-0.17
$-4.63

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.

Revenue
LFT
LFT
SCLX
SCLX
Q4 25
$5.4M
$4.8M
Q3 25
$5.1M
$10.6M
Q2 25
$7.0M
$9.9M
Q1 25
$7.7M
$5.0M
Q4 24
$9.4M
$14.9M
Q3 24
$9.5M
$14.4M
Q2 24
$9.5M
$16.4M
Q1 24
$13.0M
$10.9M
Net Profit
LFT
LFT
SCLX
SCLX
Q4 25
$-7.8M
$-46.1M
Q3 25
$1.8M
$-257.8M
Q2 25
$3.7M
$-44.0M
Q1 25
$-522.6K
$-26.1M
Q4 24
$4.8M
$-6.5M
Q3 24
$6.3M
$-4.4M
Q2 24
$4.6M
$-37.6M
Q1 24
$7.0M
$-24.4M
Gross Margin
LFT
LFT
SCLX
SCLX
Q4 25
45.5%
Q3 25
68.5%
Q2 25
66.9%
Q1 25
72.3%
Q4 24
68.5%
Q3 24
73.9%
Q2 24
73.2%
Q1 24
64.7%
Operating Margin
LFT
LFT
SCLX
SCLX
Q4 25
-2317.8%
Q3 25
-1766.2%
Q2 25
-207.2%
Q1 25
-557.5%
Q4 24
-190.5%
Q3 24
-138.0%
Q2 24
-95.4%
Q1 24
-179.0%
Net Margin
LFT
LFT
SCLX
SCLX
Q4 25
-144.5%
-961.9%
Q3 25
36.5%
-2441.5%
Q2 25
53.0%
-445.1%
Q1 25
-6.8%
-521.2%
Q4 24
51.2%
-43.4%
Q3 24
66.2%
-30.4%
Q2 24
48.3%
-229.6%
Q1 24
53.7%
-224.0%
EPS (diluted)
LFT
LFT
SCLX
SCLX
Q4 25
$-0.17
$-4.63
Q3 25
$0.01
$-22.17
Q2 25
$0.05
$-7.42
Q1 25
$-0.03
$-2.26
Q4 24
$0.06
$8.53
Q3 24
$0.10
$-0.58
Q2 24
$0.07
$-7.67
Q1 24
$0.11
$-8.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LFT
LFT
SCLX
SCLX
Cash + ST InvestmentsLiquidity on hand
$23.1M
$5.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$219.0M
$-207.8M
Total Assets
$1.2B
$365.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFT
LFT
SCLX
SCLX
Q4 25
$23.1M
$5.0M
Q3 25
$56.0M
$878.0K
Q2 25
$59.4M
$4.1M
Q1 25
$63.5M
$5.8M
Q4 24
$69.2M
$3.3M
Q3 24
$45.6M
$77.0K
Q2 24
$65.1M
$6.9M
Q1 24
$64.6M
$1.8M
Stockholders' Equity
LFT
LFT
SCLX
SCLX
Q4 25
$219.0M
$-207.8M
Q3 25
$230.0M
$-176.9M
Q2 25
$231.4M
$-249.0M
Q1 25
$231.9M
$-211.5M
Q4 24
$237.8M
$-192.6M
Q3 24
$243.0M
$-211.3M
Q2 24
$242.1M
$-214.7M
Q1 24
$242.8M
$-189.8M
Total Assets
LFT
LFT
SCLX
SCLX
Q4 25
$1.2B
$365.0M
Q3 25
$955.7M
$275.9M
Q2 25
$998.4M
$83.8M
Q1 25
$1.1B
$79.0M
Q4 24
$1.1B
$93.0M
Q3 24
$1.3B
$100.4M
Q2 24
$1.3B
$104.5M
Q1 24
$1.4B
$91.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LFT
LFT
SCLX
SCLX
Operating Cash FlowLast quarter
$10.1M
$-17.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFT
LFT
SCLX
SCLX
Q4 25
$10.1M
$-17.5M
Q3 25
$1.1M
$8.2M
Q2 25
$3.6M
$7.0M
Q1 25
$4.1M
$6.0M
Q4 24
$27.1M
$2.5M
Q3 24
$6.2M
$5.1M
Q2 24
$5.5M
$2.3M
Q1 24
$9.1M
$9.4M
Capex Intensity
LFT
LFT
SCLX
SCLX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
LFT
LFT
SCLX
SCLX
Q4 25
Q3 25
0.62×
Q2 25
0.98×
Q1 25
Q4 24
5.66×
Q3 24
0.99×
Q2 24
1.19×
Q1 24
1.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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