vs

Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

SOLENO THERAPEUTICS INC is the larger business by last-quarter revenue ($66.0M vs $37.8M, roughly 1.7× Neptune Insurance Holdings Inc.). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs 0.1%, a 39.3% gap on every dollar of revenue.

Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

NP vs SLNO — Head-to-Head

Bigger by revenue
SLNO
SLNO
1.7× larger
SLNO
$66.0M
$37.8M
NP
Higher net margin
SLNO
SLNO
39.3% more per $
SLNO
39.4%
0.1%
NP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
NP
NP
SLNO
SLNO
Revenue
$37.8M
$66.0M
Net Profit
$50.0K
$26.0M
Gross Margin
98.3%
Operating Margin
33.5%
Net Margin
0.1%
39.4%
Revenue YoY
28.8%
Net Profit YoY
0.0%
134.0%
EPS (diluted)
$0.05
$0.47

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
NP
NP
SLNO
SLNO
Q1 26
$37.8M
Q3 25
$44.4M
$66.0M
Q2 25
$32.7M
Q3 24
$33.8M
Net Profit
NP
NP
SLNO
SLNO
Q1 26
$50.0K
Q3 25
$11.5M
$26.0M
Q2 25
$-4.7M
Q3 24
$12.1M
Gross Margin
NP
NP
SLNO
SLNO
Q1 26
Q3 25
98.3%
Q2 25
97.9%
Q3 24
Operating Margin
NP
NP
SLNO
SLNO
Q1 26
Q3 25
46.7%
33.5%
Q2 25
-20.0%
Q3 24
58.6%
Net Margin
NP
NP
SLNO
SLNO
Q1 26
0.1%
Q3 25
25.9%
39.4%
Q2 25
-14.4%
Q3 24
35.8%
EPS (diluted)
NP
NP
SLNO
SLNO
Q1 26
$0.05
Q3 25
$0.06
$0.47
Q2 25
$-0.09
Q3 24
$0.06

Balance Sheet & Financial Strength

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

Metric
NP
NP
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$494.8M
Total Assets
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NP
NP
SLNO
SLNO
Q1 26
Q3 25
$12.2M
$498.9M
Q2 25
$286.8M
Q3 24
Total Debt
NP
NP
SLNO
SLNO
Q1 26
Q3 25
$247.6M
Q2 25
Q3 24
Stockholders' Equity
NP
NP
SLNO
SLNO
Q1 26
Q3 25
$-509.5M
$494.8M
Q2 25
$240.1M
Q3 24
$-374.3M
Total Assets
NP
NP
SLNO
SLNO
Q1 26
Q3 25
$89.6M
$599.9M
Q2 25
$332.3M
Q3 24

Cash Flow & Capital Efficiency

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

Metric
NP
NP
SLNO
SLNO
Operating Cash FlowLast quarter
$43.5M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NP
NP
SLNO
SLNO
Q1 26
Q3 25
$38.9M
$43.5M
Q2 25
$-12.6M
Q3 24
Free Cash Flow
NP
NP
SLNO
SLNO
Q1 26
Q3 25
$43.5M
Q2 25
$-12.6M
Q3 24
FCF Margin
NP
NP
SLNO
SLNO
Q1 26
Q3 25
65.8%
Q2 25
-38.6%
Q3 24
Capex Intensity
NP
NP
SLNO
SLNO
Q1 26
Q3 25
0.0%
Q2 25
0.0%
Q3 24
Cash Conversion
NP
NP
SLNO
SLNO
Q1 26
Q3 25
3.38×
1.67×
Q2 25
Q3 24

Financial Flow Comparison

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

Related Comparisons