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Side-by-side financial comparison of Lion Group Holding Ltd (LGHL) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

Lion Group Holding Ltd is the larger business by last-quarter revenue ($13.3M vs $13.2M, roughly 1.0× TriSalus Life Sciences, Inc.). Lion Group Holding Ltd runs the higher net margin — -0.4% vs -73.9%, a 73.5% gap on every dollar of revenue.

LION is a Canadian electric vehicle manufacturer headquartered in Saint-Jérôme, Quebec. Founded in 2011 as Lion Bus, the company is primarily known for its production of yellow school buses, of which it was the first to mass produce as a fully electric vehicle.

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.

LGHL vs TLSI — Head-to-Head

Bigger by revenue
LGHL
LGHL
1.0× larger
LGHL
$13.3M
$13.2M
TLSI
Higher net margin
LGHL
LGHL
73.5% more per $
LGHL
-0.4%
-73.9%
TLSI

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
LGHL
LGHL
TLSI
TLSI
Revenue
$13.3M
$13.2M
Net Profit
$-53.7K
$-9.8M
Gross Margin
86.7%
Operating Margin
-24.8%
Net Margin
-0.4%
-73.9%
Revenue YoY
59.8%
Net Profit YoY
3.5%
EPS (diluted)
$-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.

Revenue
LGHL
LGHL
TLSI
TLSI
Q4 25
$13.2M
Q3 25
$11.6M
Q2 25
$11.2M
Q1 25
$9.2M
Q4 24
$8.3M
Q3 24
$7.3M
Q2 24
$13.3M
$7.4M
Q1 24
$6.5M
Net Profit
LGHL
LGHL
TLSI
TLSI
Q4 25
$-9.8M
Q3 25
$-10.8M
Q2 25
$-8.3M
Q1 25
$-10.4M
Q4 24
$-10.1M
Q3 24
$-2.4M
Q2 24
$-53.7K
$-4.3M
Q1 24
$-13.2M
Gross Margin
LGHL
LGHL
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
LGHL
LGHL
TLSI
TLSI
Q4 25
-24.8%
Q3 25
-77.9%
Q2 25
-65.4%
Q1 25
-79.9%
Q4 24
-91.8%
Q3 24
-118.9%
Q2 24
-111.0%
Q1 24
-180.8%
Net Margin
LGHL
LGHL
TLSI
TLSI
Q4 25
-73.9%
Q3 25
-93.5%
Q2 25
-73.9%
Q1 25
-113.2%
Q4 24
-122.4%
Q3 24
-32.6%
Q2 24
-0.4%
-58.8%
Q1 24
-204.5%
EPS (diluted)
LGHL
LGHL
TLSI
TLSI
Q4 25
$-0.22
Q3 25
$-0.96
Q2 25
$-0.27
Q1 25
$-0.39
Q4 24
$-0.38
Q3 24
$-0.12
Q2 24
$-0.21
Q1 24
$-0.60

Balance Sheet & Financial Strength

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

Metric
LGHL
LGHL
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$29.0M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4M
$-33.9M
Total Assets
$74.5M
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGHL
LGHL
TLSI
TLSI
Q4 25
$20.4M
Q3 25
$22.7M
Q2 25
$26.5M
Q1 25
$13.0M
Q4 24
$8.5M
Q3 24
$11.3M
Q2 24
$29.0M
$16.5M
Q1 24
$4.0M
Stockholders' Equity
LGHL
LGHL
TLSI
TLSI
Q4 25
$-33.9M
Q3 25
$-26.7M
Q2 25
$-19.4M
Q1 25
$-34.4M
Q4 24
$-25.9M
Q3 24
$-20.4M
Q2 24
$28.4M
$-25.3M
Q1 24
$-36.0M
Total Assets
LGHL
LGHL
TLSI
TLSI
Q4 25
$35.3M
Q3 25
$36.5M
Q2 25
$41.3M
Q1 25
$28.6M
Q4 24
$24.0M
Q3 24
$27.5M
Q2 24
$74.5M
$32.4M
Q1 24
$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
LGHL
LGHL
TLSI
TLSI
Operating Cash FlowLast quarter
$-2.5M
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-19.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LGHL
LGHL
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.7M
Q2 25
$-7.3M
Q1 25
$-4.5M
Q4 24
$-5.7M
Q3 24
$-10.8M
Q2 24
$-13.4M
Q1 24
$-10.9M
Free Cash Flow
LGHL
LGHL
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.9M
Q2 25
$-7.4M
Q1 25
$-5.3M
Q4 24
$-5.8M
Q3 24
$-11.0M
Q2 24
$-13.5M
Q1 24
$-10.9M
FCF Margin
LGHL
LGHL
TLSI
TLSI
Q4 25
-19.1%
Q3 25
-33.9%
Q2 25
-66.1%
Q1 25
-57.3%
Q4 24
-69.7%
Q3 24
-149.9%
Q2 24
-183.1%
Q1 24
-169.3%
Capex Intensity
LGHL
LGHL
TLSI
TLSI
Q4 25
0.3%
Q3 25
1.9%
Q2 25
0.8%
Q1 25
8.2%
Q4 24
0.6%
Q3 24
2.3%
Q2 24
0.8%
Q1 24
1.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

LGHL
LGHL

Trading gains$7.8M59%
Other$2.4M18%
Securities brokerage commissions and fees$1.7M13%
Market making commissions and fees$1.0M8%
Other income$380.2K3%

TLSI
TLSI

Segment breakdown not available.

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