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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) and SOLESENCE, INC. (SLSN). Click either name above to swap in a different company.

TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $12.5M, roughly 1.6× SOLESENCE, INC.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs 1.3%, a 63.7% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -0.7%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% CAGR vs 9.1%).

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

MITT vs SLSN — Head-to-Head

Bigger by revenue
MITT
MITT
1.6× larger
MITT
$20.4M
$12.5M
SLSN
Growing faster (revenue YoY)
MITT
MITT
+18.3% gap
MITT
17.7%
-0.7%
SLSN
Higher net margin
MITT
MITT
63.7% more per $
MITT
65.0%
1.3%
SLSN
Faster 2-yr revenue CAGR
SLSN
SLSN
Annualised
SLSN
12.5%
9.1%
MITT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MITT
MITT
SLSN
SLSN
Revenue
$20.4M
$12.5M
Net Profit
$13.3M
$163.0K
Gross Margin
27.5%
Operating Margin
67.1%
1.5%
Net Margin
65.0%
1.3%
Revenue YoY
17.7%
-0.7%
Net Profit YoY
-7.0%
129.2%
EPS (diluted)
$0.27
$0.00

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
MITT
MITT
SLSN
SLSN
Q4 25
$20.4M
$12.5M
Q3 25
$19.5M
$14.6M
Q2 25
$17.8M
$20.4M
Q1 25
$18.8M
$14.6M
Q4 24
$17.4M
$12.6M
Q3 24
$14.9M
$16.9M
Q2 24
$16.4M
$13.0M
Q1 24
$17.2M
$9.9M
Net Profit
MITT
MITT
SLSN
SLSN
Q4 25
$13.3M
$163.0K
Q3 25
$20.0M
$-1.1M
Q2 25
$3.9M
$2.7M
Q1 25
$11.5M
$80.0K
Q4 24
$14.3M
$-559.0K
Q3 24
$16.6M
$3.0M
Q2 24
$3.9M
$856.0K
Q1 24
$20.9M
$893.0K
Gross Margin
MITT
MITT
SLSN
SLSN
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
MITT
MITT
SLSN
SLSN
Q4 25
67.1%
1.5%
Q3 25
-5.4%
Q2 25
20.9%
9.4%
Q1 25
54.6%
1.8%
Q4 24
76.7%
-1.8%
Q3 24
19.0%
Q2 24
18.4%
8.0%
Q1 24
11.3%
Net Margin
MITT
MITT
SLSN
SLSN
Q4 25
65.0%
1.3%
Q3 25
102.5%
-7.7%
Q2 25
22.2%
13.1%
Q1 25
60.9%
0.5%
Q4 24
82.2%
-4.4%
Q3 24
111.3%
18.1%
Q2 24
24.0%
6.6%
Q1 24
121.6%
9.0%
EPS (diluted)
MITT
MITT
SLSN
SLSN
Q4 25
$0.27
$0.00
Q3 25
$0.47
$-0.02
Q2 25
$-0.05
$0.04
Q1 25
$0.21
$0.00
Q4 24
$0.30
$0.00
Q3 24
$0.40
$0.04
Q2 24
$-0.02
$0.01
Q1 24
$0.55
$0.02

Balance Sheet & Financial Strength

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

Metric
MITT
MITT
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$57.8M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$560.7M
$17.6M
Total Assets
$8.7B
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MITT
MITT
SLSN
SLSN
Q4 25
$57.8M
$1.3M
Q3 25
$59.0M
$429.0K
Q2 25
$88.7M
$4.1M
Q1 25
$115.5M
$1.8M
Q4 24
$118.7M
$1.4M
Q3 24
$102.5M
$2.9M
Q2 24
$120.9M
$2.4M
Q1 24
$100.3M
$2.0M
Stockholders' Equity
MITT
MITT
SLSN
SLSN
Q4 25
$560.7M
$17.6M
Q3 25
$559.8M
$17.2M
Q2 25
$536.4M
$18.2M
Q1 25
$543.9M
$15.2M
Q4 24
$543.4M
$14.9M
Q3 24
$540.1M
$15.2M
Q2 24
$533.5M
$11.9M
Q1 24
$539.6M
$5.0M
Total Assets
MITT
MITT
SLSN
SLSN
Q4 25
$8.7B
$50.1M
Q3 25
$9.0B
$54.0M
Q2 25
$7.5B
$60.0M
Q1 25
$7.3B
$57.0M
Q4 24
$6.9B
$50.0M
Q3 24
$7.0B
$48.0M
Q2 24
$7.1B
$40.8M
Q1 24
$6.4B
$38.5M

Cash Flow & Capital Efficiency

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

Metric
MITT
MITT
SLSN
SLSN
Operating Cash FlowLast quarter
$59.6M
$1.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.48×
11.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MITT
MITT
SLSN
SLSN
Q4 25
$59.6M
$1.8M
Q3 25
$17.4M
$-2.5M
Q2 25
$11.5M
$-654.0K
Q1 25
$12.0M
$-7.2M
Q4 24
$55.8M
$2.2M
Q3 24
$14.5M
$4.2M
Q2 24
$13.7M
$-565.0K
Q1 24
$12.0M
$-3.9M
Free Cash Flow
MITT
MITT
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-404.0K
Q3 24
$2.8M
Q2 24
$-1.0M
Q1 24
$-3.9M
FCF Margin
MITT
MITT
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-3.2%
Q3 24
16.6%
Q2 24
-8.0%
Q1 24
-39.9%
Capex Intensity
MITT
MITT
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
20.6%
Q3 24
8.3%
Q2 24
3.7%
Q1 24
0.9%
Cash Conversion
MITT
MITT
SLSN
SLSN
Q4 25
4.48×
11.16×
Q3 25
0.87×
Q2 25
2.92×
-0.25×
Q1 25
1.05×
-90.26×
Q4 24
3.91×
Q3 24
0.87×
1.38×
Q2 24
3.50×
-0.66×
Q1 24
0.57×
-4.32×

Financial Flow Comparison

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

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