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Side-by-side financial comparison of Maase Inc. (MAAS) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $9.9M, roughly 1.7× Maase Inc.).

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

MAAS vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.7× larger
SLGL
$17.3M
$9.9M
MAAS

Income Statement — Q2 FY2023 vs Q2 FY2025

Metric
MAAS
MAAS
SLGL
SLGL
Revenue
$9.9M
$17.3M
Net Profit
$11.6M
Gross Margin
78.7%
Operating Margin
-55.9%
65.1%
Net Margin
67.3%
Revenue YoY
217.7%
Net Profit YoY
487.6%
EPS (diluted)
$4.17

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
MAAS
MAAS
SLGL
SLGL
Q2 25
$17.3M
Q2 24
$5.4M
Q2 23
$594.0K
Q4 22
$9.9M
Q2 22
$3.5M
Net Profit
MAAS
MAAS
SLGL
SLGL
Q2 25
$11.6M
Q2 24
$2.0M
Q2 23
$-6.0M
Q4 22
Q2 22
$-134.0K
Gross Margin
MAAS
MAAS
SLGL
SLGL
Q2 25
Q2 24
Q2 23
Q4 22
78.7%
Q2 22
Operating Margin
MAAS
MAAS
SLGL
SLGL
Q2 25
65.1%
Q2 24
29.9%
Q2 23
-1098.8%
Q4 22
-55.9%
Q2 22
-13.2%
Net Margin
MAAS
MAAS
SLGL
SLGL
Q2 25
67.3%
Q2 24
36.4%
Q2 23
-1005.1%
Q4 22
Q2 22
-3.8%
EPS (diluted)
MAAS
MAAS
SLGL
SLGL
Q2 25
$4.17
Q2 24
$0.71
Q2 23
$-0.22
Q4 22
Q2 22
$0.01

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$10.9M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
$31.9M
Total Assets
$47.0M
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
SLGL
SLGL
Q2 25
$24.3M
Q2 24
$26.5M
Q2 23
$33.5M
Q4 22
$10.9M
Q2 22
$15.6M
Stockholders' Equity
MAAS
MAAS
SLGL
SLGL
Q2 25
$31.9M
Q2 24
$34.9M
Q2 23
$48.3M
Q4 22
$31.6M
Q2 22
$50.4M
Total Assets
MAAS
MAAS
SLGL
SLGL
Q2 25
$39.3M
Q2 24
$42.0M
Q2 23
$55.1M
Q4 22
$47.0M
Q2 22
$55.0M

Cash Flow & Capital Efficiency

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

Metric
MAAS
MAAS
SLGL
SLGL
Operating Cash FlowLast quarter
$-18.2M
Free Cash FlowOCF − Capex
$-18.3M
FCF MarginFCF / Revenue
-184.4%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
SLGL
SLGL
Q2 25
Q2 24
Q2 23
$-8.3M
Q4 22
$-18.2M
Q2 22
Free Cash Flow
MAAS
MAAS
SLGL
SLGL
Q2 25
Q2 24
Q2 23
$-8.4M
Q4 22
$-18.3M
Q2 22
FCF Margin
MAAS
MAAS
SLGL
SLGL
Q2 25
Q2 24
Q2 23
-1419.0%
Q4 22
-184.4%
Q2 22
Capex Intensity
MAAS
MAAS
SLGL
SLGL
Q2 25
Q2 24
Q2 23
15.8%
Q4 22
1.0%
Q2 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

SLGL
SLGL

Segment breakdown not available.

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