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Side-by-side financial comparison of Local Bounti Corporation (LOCL) 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 $12.5M, roughly 1.1× Local Bounti Corporation). Local Bounti Corporation runs the higher net margin — -69.8% vs -73.9%, a 4.0% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 23.7%). TriSalus Life Sciences, Inc. produced more free cash flow last quarter ($-2.5M vs $-3.6M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 21.9%).
Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.
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.
LOCL vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $13.2M |
| Net Profit | $-8.7M | $-9.8M |
| Gross Margin | 12.2% | 86.7% |
| Operating Margin | -106.1% | -24.8% |
| Net Margin | -69.8% | -73.9% |
| Revenue YoY | 23.7% | 59.8% |
| Net Profit YoY | 76.0% | 3.5% |
| EPS (diluted) | $1.52 | $-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 | $12.5M | $13.2M | ||
| Q3 25 | $12.2M | $11.6M | ||
| Q2 25 | $12.1M | $11.2M | ||
| Q1 25 | $11.6M | $9.2M | ||
| Q4 24 | $10.1M | $8.3M | ||
| Q3 24 | $10.2M | $7.3M | ||
| Q2 24 | $9.4M | $7.4M | ||
| Q1 24 | $8.4M | $6.5M |
| Q4 25 | $-8.7M | $-9.8M | ||
| Q3 25 | $-26.4M | $-10.8M | ||
| Q2 25 | $-21.6M | $-8.3M | ||
| Q1 25 | $-37.7M | $-10.4M | ||
| Q4 24 | $-36.3M | $-10.1M | ||
| Q3 24 | $-34.3M | $-2.4M | ||
| Q2 24 | $-25.3M | $-4.3M | ||
| Q1 24 | $-24.1M | $-13.2M |
| Q4 25 | 12.2% | 86.7% | ||
| Q3 25 | 11.5% | 83.5% | ||
| Q2 25 | 12.2% | 83.9% | ||
| Q1 25 | 12.6% | 83.7% | ||
| Q4 24 | 5.4% | 85.3% | ||
| Q3 24 | 13.8% | 86.3% | ||
| Q2 24 | 14.3% | 87.6% | ||
| Q1 24 | 9.4% | 85.0% |
| Q4 25 | -106.1% | -24.8% | ||
| Q3 25 | -149.4% | -77.9% | ||
| Q2 25 | -127.7% | -65.4% | ||
| Q1 25 | -135.6% | -79.9% | ||
| Q4 24 | -166.6% | -91.8% | ||
| Q3 24 | -176.0% | -118.9% | ||
| Q2 24 | -146.8% | -111.0% | ||
| Q1 24 | -122.9% | -180.8% |
| Q4 25 | -69.8% | -73.9% | ||
| Q3 25 | -216.6% | -93.5% | ||
| Q2 25 | -178.3% | -73.9% | ||
| Q1 25 | -324.6% | -113.2% | ||
| Q4 24 | -360.1% | -122.4% | ||
| Q3 24 | -335.2% | -32.6% | ||
| Q2 24 | -267.6% | -58.8% | ||
| Q1 24 | -286.9% | -204.5% |
| Q4 25 | $1.52 | $-0.22 | ||
| Q3 25 | $-1.18 | $-0.96 | ||
| Q2 25 | $-1.63 | $-0.27 | ||
| Q1 25 | $-4.32 | $-0.39 | ||
| Q4 24 | $-4.24 | $-0.38 | ||
| Q3 24 | $-4.01 | $-0.12 | ||
| Q2 24 | $-3.00 | $-0.21 | ||
| Q1 24 | $-2.89 | $-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 | $4.2M | $20.4M |
| Total DebtLower is stronger | $483.1M | — |
| Stockholders' EquityBook value | $-166.2M | $-33.9M |
| Total Assets | $410.5M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $20.4M | ||
| Q3 25 | $6.2M | $22.7M | ||
| Q2 25 | $5.3M | $26.5M | ||
| Q1 25 | $18.0M | $13.0M | ||
| Q4 24 | $937.0K | $8.5M | ||
| Q3 24 | $317.0K | $11.3M | ||
| Q2 24 | $9.7M | $16.5M | ||
| Q1 24 | $8.2M | $4.0M |
| Q4 25 | $483.1M | — | ||
| Q3 25 | $484.9M | — | ||
| Q2 25 | $478.3M | — | ||
| Q1 25 | $480.0M | — | ||
| Q4 24 | $436.8M | — | ||
| Q3 24 | $398.4M | — | ||
| Q2 24 | $374.0M | — | ||
| Q1 24 | $329.8M | — |
| Q4 25 | $-166.2M | $-33.9M | ||
| Q3 25 | $-158.1M | $-26.7M | ||
| Q2 25 | $-132.7M | $-19.4M | ||
| Q1 25 | $-134.5M | $-34.4M | ||
| Q4 24 | $-100.5M | $-25.9M | ||
| Q3 24 | $-65.6M | $-20.4M | ||
| Q2 24 | $-32.8M | $-25.3M | ||
| Q1 24 | $-9.4M | $-36.0M |
| Q4 25 | $410.5M | $35.3M | ||
| Q3 25 | $417.8M | $36.5M | ||
| Q2 25 | $426.8M | $41.3M | ||
| Q1 25 | $447.2M | $28.6M | ||
| Q4 24 | $428.0M | $24.0M | ||
| Q3 24 | $430.8M | $27.5M | ||
| Q2 24 | $438.1M | $32.4M | ||
| Q1 24 | $413.4M | $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 | $-3.1M | $-2.5M |
| Free Cash FlowOCF − Capex | $-3.6M | $-2.5M |
| FCF MarginFCF / Revenue | -29.1% | -19.1% |
| Capex IntensityCapex / Revenue | 3.9% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $-2.5M | ||
| Q3 25 | $-8.9M | $-3.7M | ||
| Q2 25 | $-8.7M | $-7.3M | ||
| Q1 25 | $-9.6M | $-4.5M | ||
| Q4 24 | $1.2M | $-5.7M | ||
| Q3 24 | $-17.2M | $-10.8M | ||
| Q2 24 | $-4.0M | $-13.4M | ||
| Q1 24 | $-7.1M | $-10.9M |
| Q4 25 | $-3.6M | $-2.5M | ||
| Q3 25 | $-10.1M | $-3.9M | ||
| Q2 25 | $-14.6M | $-7.4M | ||
| Q1 25 | $-14.5M | $-5.3M | ||
| Q4 24 | $-8.6M | $-5.8M | ||
| Q3 24 | $-30.0M | $-11.0M | ||
| Q2 24 | $-28.8M | $-13.5M | ||
| Q1 24 | $-42.1M | $-10.9M |
| Q4 25 | -29.1% | -19.1% | ||
| Q3 25 | -82.8% | -33.9% | ||
| Q2 25 | -121.0% | -66.1% | ||
| Q1 25 | -125.1% | -57.3% | ||
| Q4 24 | -85.3% | -69.7% | ||
| Q3 24 | -293.1% | -149.9% | ||
| Q2 24 | -305.4% | -183.1% | ||
| Q1 24 | -501.8% | -169.3% |
| Q4 25 | 3.9% | 0.3% | ||
| Q3 25 | 9.7% | 1.9% | ||
| Q2 25 | 48.9% | 0.8% | ||
| Q1 25 | 42.8% | 8.2% | ||
| Q4 24 | 97.6% | 0.6% | ||
| Q3 24 | 125.0% | 2.3% | ||
| Q2 24 | 263.0% | 0.8% | ||
| Q1 24 | 417.3% | 1.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
