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Side-by-side financial comparison of Osisko Development Corp. (ODV) 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 $10.4M, roughly 1.3× Osisko Development Corp.).

Osisko Development Corp. is a Canada-based mining exploration and development firm focused on high-grade gold and precious metal assets. It holds North American mineral projects, advancing them through exploration, feasibility study, and pre-production phases while adhering to sustainable mining standards.

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.

ODV vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.3× larger
TLSI
$13.2M
$10.4M
ODV

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
ODV
ODV
TLSI
TLSI
Revenue
$10.4M
$13.2M
Net Profit
$-9.8M
Gross Margin
3.2%
86.7%
Operating Margin
-149.3%
-24.8%
Net Margin
-73.9%
Revenue YoY
59.8%
Net Profit YoY
3.5%
EPS (diluted)
$-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.

Revenue
ODV
ODV
TLSI
TLSI
Q4 25
$13.2M
Q3 25
$11.6M
Q2 25
$11.2M
Q1 25
$9.2M
Q4 24
$8.3M
Q3 24
$10.4M
$7.3M
Q2 24
$10.8M
$7.4M
Q1 24
$6.5M
Net Profit
ODV
ODV
TLSI
TLSI
Q4 25
$-9.8M
Q3 25
$-10.8M
Q2 25
$-8.3M
Q1 25
$-10.4M
Q4 24
$-10.1M
Q3 24
$-2.4M
Q2 24
$-4.3M
Q1 24
$-13.2M
Gross Margin
ODV
ODV
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
3.2%
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
ODV
ODV
TLSI
TLSI
Q4 25
-24.8%
Q3 25
-77.9%
Q2 25
-65.4%
Q1 25
-79.9%
Q4 24
-91.8%
Q3 24
-149.3%
-118.9%
Q2 24
-124.0%
-111.0%
Q1 24
-180.8%
Net Margin
ODV
ODV
TLSI
TLSI
Q4 25
-73.9%
Q3 25
-93.5%
Q2 25
-73.9%
Q1 25
-113.2%
Q4 24
-122.4%
Q3 24
-32.6%
Q2 24
-58.8%
Q1 24
-204.5%
EPS (diluted)
ODV
ODV
TLSI
TLSI
Q4 25
$-0.22
Q3 25
$-0.96
Q2 25
$-0.27
Q1 25
$-0.39
Q4 24
$-0.38
Q3 24
$-0.12
Q2 24
$-0.21
Q1 24
$-0.60

Balance Sheet & Financial Strength

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

Metric
ODV
ODV
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.9M
Total Assets
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ODV
ODV
TLSI
TLSI
Q4 25
$20.4M
Q3 25
$22.7M
Q2 25
$26.5M
Q1 25
$13.0M
Q4 24
$8.5M
Q3 24
$11.3M
Q2 24
$16.5M
Q1 24
$4.0M
Stockholders' Equity
ODV
ODV
TLSI
TLSI
Q4 25
$-33.9M
Q3 25
$-26.7M
Q2 25
$-19.4M
Q1 25
$-34.4M
Q4 24
$-25.9M
Q3 24
$-20.4M
Q2 24
$-25.3M
Q1 24
$-36.0M
Total Assets
ODV
ODV
TLSI
TLSI
Q4 25
$35.3M
Q3 25
$36.5M
Q2 25
$41.3M
Q1 25
$28.6M
Q4 24
$24.0M
Q3 24
$27.5M
Q2 24
$32.4M
Q1 24
$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
ODV
ODV
TLSI
TLSI
Operating Cash FlowLast quarter
$-2.5M
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-19.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ODV
ODV
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.7M
Q2 25
$-7.3M
Q1 25
$-4.5M
Q4 24
$-5.7M
Q3 24
$-10.8M
Q2 24
$-13.4M
Q1 24
$-10.9M
Free Cash Flow
ODV
ODV
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.9M
Q2 25
$-7.4M
Q1 25
$-5.3M
Q4 24
$-5.8M
Q3 24
$-11.0M
Q2 24
$-13.5M
Q1 24
$-10.9M
FCF Margin
ODV
ODV
TLSI
TLSI
Q4 25
-19.1%
Q3 25
-33.9%
Q2 25
-66.1%
Q1 25
-57.3%
Q4 24
-69.7%
Q3 24
-149.9%
Q2 24
-183.1%
Q1 24
-169.3%
Capex Intensity
ODV
ODV
TLSI
TLSI
Q4 25
0.3%
Q3 25
1.9%
Q2 25
0.8%
Q1 25
8.2%
Q4 24
0.6%
Q3 24
2.3%
Q2 24
0.8%
Q1 24
1.0%

Financial Flow Comparison

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

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