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Side-by-side financial comparison of Navitas Semiconductor Corp (NVTS) and SOLESENCE, INC. (SLSN). Click either name above to swap in a different company.

SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $7.3M, roughly 1.7× Navitas Semiconductor Corp). SOLESENCE, INC. runs the higher net margin — 1.3% vs -436.1%, a 437.4% gap on every dollar of revenue. On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -59.4%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% CAGR vs -43.9%).

Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.

NVTS vs SLSN — Head-to-Head

Bigger by revenue
SLSN
SLSN
1.7× larger
SLSN
$12.5M
$7.3M
NVTS
Growing faster (revenue YoY)
SLSN
SLSN
+58.7% gap
SLSN
-0.7%
-59.4%
NVTS
Higher net margin
SLSN
SLSN
437.4% more per $
SLSN
1.3%
-436.1%
NVTS
Faster 2-yr revenue CAGR
SLSN
SLSN
Annualised
SLSN
12.5%
-43.9%
NVTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVTS
NVTS
SLSN
SLSN
Revenue
$7.3M
$12.5M
Net Profit
$-31.8M
$163.0K
Gross Margin
38.1%
27.5%
Operating Margin
-567.3%
1.5%
Net Margin
-436.1%
1.3%
Revenue YoY
-59.4%
-0.7%
Net Profit YoY
20.2%
129.2%
EPS (diluted)
$-0.14
$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
NVTS
NVTS
SLSN
SLSN
Q4 25
$7.3M
$12.5M
Q3 25
$10.1M
$14.6M
Q2 25
$14.5M
$20.4M
Q1 25
$14.0M
$14.6M
Q4 24
$18.0M
$12.6M
Q3 24
$21.7M
$16.9M
Q2 24
$20.5M
$13.0M
Q1 24
$23.2M
$9.9M
Net Profit
NVTS
NVTS
SLSN
SLSN
Q4 25
$-31.8M
$163.0K
Q3 25
$-19.2M
$-1.1M
Q2 25
$-49.1M
$2.7M
Q1 25
$-16.8M
$80.0K
Q4 24
$-39.9M
$-559.0K
Q3 24
$-18.7M
$3.0M
Q2 24
$-22.3M
$856.0K
Q1 24
$-3.7M
$893.0K
Gross Margin
NVTS
NVTS
SLSN
SLSN
Q4 25
38.1%
27.5%
Q3 25
37.9%
23.1%
Q2 25
16.1%
28.9%
Q1 25
37.9%
23.1%
Q4 24
12.4%
22.0%
Q3 24
39.7%
36.2%
Q2 24
39.0%
28.7%
Q1 24
41.1%
36.3%
Operating Margin
NVTS
NVTS
SLSN
SLSN
Q4 25
-567.3%
1.5%
Q3 25
-192.0%
-5.4%
Q2 25
-149.4%
9.4%
Q1 25
-180.5%
1.8%
Q4 24
-216.9%
-1.8%
Q3 24
-133.6%
19.0%
Q2 24
-152.1%
8.0%
Q1 24
-136.2%
11.3%
Net Margin
NVTS
NVTS
SLSN
SLSN
Q4 25
-436.1%
1.3%
Q3 25
-190.2%
-7.7%
Q2 25
-338.7%
13.1%
Q1 25
-120.1%
0.5%
Q4 24
-221.7%
-4.4%
Q3 24
-86.4%
18.1%
Q2 24
-109.1%
6.6%
Q1 24
-15.9%
9.0%
EPS (diluted)
NVTS
NVTS
SLSN
SLSN
Q4 25
$-0.14
$0.00
Q3 25
$-0.09
$-0.02
Q2 25
$-0.25
$0.04
Q1 25
$-0.09
$0.00
Q4 24
$-0.22
$0.00
Q3 24
$-0.10
$0.04
Q2 24
$-0.12
$0.01
Q1 24
$-0.02
$0.02

Balance Sheet & Financial Strength

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

Metric
NVTS
NVTS
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$236.9M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$443.7M
$17.6M
Total Assets
$500.5M
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVTS
NVTS
SLSN
SLSN
Q4 25
$236.9M
$1.3M
Q3 25
$150.6M
$429.0K
Q2 25
$161.2M
$4.1M
Q1 25
$75.1M
$1.8M
Q4 24
$86.7M
$1.4M
Q3 24
$98.3M
$2.9M
Q2 24
$111.7M
$2.4M
Q1 24
$128.9M
$2.0M
Stockholders' Equity
NVTS
NVTS
SLSN
SLSN
Q4 25
$443.7M
$17.6M
Q3 25
$371.0M
$17.2M
Q2 25
$388.9M
$18.2M
Q1 25
$341.8M
$15.2M
Q4 24
$348.0M
$14.9M
Q3 24
$380.8M
$15.2M
Q2 24
$388.1M
$11.9M
Q1 24
$397.9M
$5.0M
Total Assets
NVTS
NVTS
SLSN
SLSN
Q4 25
$500.5M
$50.1M
Q3 25
$430.2M
$54.0M
Q2 25
$449.4M
$60.0M
Q1 25
$370.8M
$57.0M
Q4 24
$390.0M
$50.0M
Q3 24
$419.4M
$48.0M
Q2 24
$439.1M
$40.8M
Q1 24
$467.9M
$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
NVTS
NVTS
SLSN
SLSN
Operating Cash FlowLast quarter
$-8.1M
$1.8M
Free Cash FlowOCF − Capex
$-8.2M
FCF MarginFCF / Revenue
-111.8%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters
$-44.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVTS
NVTS
SLSN
SLSN
Q4 25
$-8.1M
$1.8M
Q3 25
$-10.0M
$-2.5M
Q2 25
$-11.2M
$-654.0K
Q1 25
$-13.5M
$-7.2M
Q4 24
$-10.2M
$2.2M
Q3 24
$-13.7M
$4.2M
Q2 24
$-15.1M
$-565.0K
Q1 24
$-19.8M
$-3.9M
Free Cash Flow
NVTS
NVTS
SLSN
SLSN
Q4 25
$-8.2M
Q3 25
$-10.7M
Q2 25
$-11.9M
Q1 25
$-13.6M
Q4 24
$-10.8M
$-404.0K
Q3 24
$-14.3M
$2.8M
Q2 24
$-17.9M
$-1.0M
Q1 24
$-22.7M
$-3.9M
FCF Margin
NVTS
NVTS
SLSN
SLSN
Q4 25
-111.8%
Q3 25
-106.1%
Q2 25
-82.2%
Q1 25
-96.8%
Q4 24
-59.8%
-3.2%
Q3 24
-65.9%
16.6%
Q2 24
-87.3%
-8.0%
Q1 24
-97.9%
-39.9%
Capex Intensity
NVTS
NVTS
SLSN
SLSN
Q4 25
0.7%
Q3 25
7.0%
Q2 25
4.7%
Q1 25
0.3%
Q4 24
3.1%
20.6%
Q3 24
2.6%
8.3%
Q2 24
13.4%
3.7%
Q1 24
12.5%
0.9%
Cash Conversion
NVTS
NVTS
SLSN
SLSN
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
Q3 24
1.38×
Q2 24
-0.66×
Q1 24
-4.32×

Financial Flow Comparison

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

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