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Side-by-side financial comparison of OP Bancorp (OPBK) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
OP Bancorp is the larger business by last-quarter revenue ($24.3M vs $13.2M, roughly 1.8× TriSalus Life Sciences, Inc.). On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 13.7%). OP Bancorp produced more free cash flow last quarter ($23.4M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 11.4%).
OP Bancorp is the bank holding company for Open Bank, a community-oriented commercial bank headquartered in California, United States. It provides a full range of banking solutions including deposit accounts, commercial real estate loans, small business financing, and consumer lending products, primarily catering to small and medium-sized enterprises, local immigrant communities, and retail clients across Southern California.
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.
OPBK vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $24.3M | $13.2M |
| Net Profit | — | $-9.8M |
| Gross Margin | — | 86.7% |
| Operating Margin | 39.2% | -24.8% |
| Net Margin | — | -73.9% |
| Revenue YoY | 13.7% | 59.8% |
| Net Profit YoY | — | 3.5% |
| EPS (diluted) | $0.48 | $-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.
| Q4 25 | $24.3M | $13.2M | ||
| Q3 25 | $24.5M | $11.6M | ||
| Q2 25 | $23.7M | $11.2M | ||
| Q1 25 | $22.2M | $9.2M | ||
| Q4 24 | $21.3M | $8.3M | ||
| Q3 24 | $20.7M | $7.3M | ||
| Q2 24 | $20.4M | $7.4M | ||
| Q1 24 | $19.6M | $6.5M |
| Q4 25 | — | $-9.8M | ||
| Q3 25 | $6.7M | $-10.8M | ||
| Q2 25 | $6.3M | $-8.3M | ||
| Q1 25 | $5.6M | $-10.4M | ||
| Q4 24 | — | $-10.1M | ||
| Q3 24 | $5.4M | $-2.4M | ||
| Q2 24 | $5.4M | $-4.3M | ||
| Q1 24 | $5.2M | $-13.2M |
| Q4 25 | — | 86.7% | ||
| Q3 25 | — | 83.5% | ||
| Q2 25 | — | 83.9% | ||
| Q1 25 | — | 83.7% | ||
| Q4 24 | — | 85.3% | ||
| Q3 24 | — | 86.3% | ||
| Q2 24 | — | 87.6% | ||
| Q1 24 | — | 85.0% |
| Q4 25 | 39.2% | -24.8% | ||
| Q3 25 | 39.5% | -77.9% | ||
| Q2 25 | 35.7% | -65.4% | ||
| Q1 25 | 34.6% | -79.9% | ||
| Q4 24 | 31.2% | -91.8% | ||
| Q3 24 | 36.5% | -118.9% | ||
| Q2 24 | 37.2% | -111.0% | ||
| Q1 24 | 37.1% | -180.8% |
| Q4 25 | — | -73.9% | ||
| Q3 25 | 27.4% | -93.5% | ||
| Q2 25 | 26.7% | -73.9% | ||
| Q1 25 | 25.0% | -113.2% | ||
| Q4 24 | — | -122.4% | ||
| Q3 24 | 26.2% | -32.6% | ||
| Q2 24 | 26.7% | -58.8% | ||
| Q1 24 | 26.7% | -204.5% |
| Q4 25 | $0.48 | $-0.22 | ||
| Q3 25 | $0.45 | $-0.96 | ||
| Q2 25 | $0.42 | $-0.27 | ||
| Q1 25 | $0.37 | $-0.39 | ||
| Q4 24 | $0.33 | $-0.38 | ||
| Q3 24 | $0.36 | $-0.12 | ||
| Q2 24 | $0.36 | $-0.21 | ||
| Q1 24 | $0.34 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $167.3M | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $227.9M | $-33.9M |
| Total Assets | $2.7B | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $20.4M | ||
| Q3 25 | $166.7M | $22.7M | ||
| Q2 25 | $205.4M | $26.5M | ||
| Q1 25 | $198.9M | $13.0M | ||
| Q4 24 | $134.9M | $8.5M | ||
| Q3 24 | $166.8M | $11.3M | ||
| Q2 24 | $127.7M | $16.5M | ||
| Q1 24 | $139.2M | $4.0M |
| Q4 25 | $227.9M | $-33.9M | ||
| Q3 25 | $221.5M | $-26.7M | ||
| Q2 25 | $213.7M | $-19.4M | ||
| Q1 25 | $210.1M | $-34.4M | ||
| Q4 24 | $205.0M | $-25.9M | ||
| Q3 24 | $203.6M | $-20.4M | ||
| Q2 24 | $195.9M | $-25.3M | ||
| Q1 24 | $194.7M | $-36.0M |
| Q4 25 | $2.7B | $35.3M | ||
| Q3 25 | $2.6B | $36.5M | ||
| Q2 25 | $2.6B | $41.3M | ||
| Q1 25 | $2.5B | $28.6M | ||
| Q4 24 | $2.4B | $24.0M | ||
| Q3 24 | $2.4B | $27.5M | ||
| Q2 24 | $2.3B | $32.4M | ||
| Q1 24 | $2.2B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.2M | $-2.5M |
| Free Cash FlowOCF − Capex | $23.4M | $-2.5M |
| FCF MarginFCF / Revenue | 96.2% | -19.1% |
| Capex IntensityCapex / Revenue | 11.5% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.3M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $-2.5M | ||
| Q3 25 | $23.9M | $-3.7M | ||
| Q2 25 | $-7.0M | $-7.3M | ||
| Q1 25 | $5.6M | $-4.5M | ||
| Q4 24 | $31.2M | $-5.7M | ||
| Q3 24 | $13.3M | $-10.8M | ||
| Q2 24 | $15.8M | $-13.4M | ||
| Q1 24 | $-3.2M | $-10.9M |
| Q4 25 | $23.4M | $-2.5M | ||
| Q3 25 | $23.4M | $-3.9M | ||
| Q2 25 | $-7.7M | $-7.4M | ||
| Q1 25 | $4.2M | $-5.3M | ||
| Q4 24 | $29.7M | $-5.8M | ||
| Q3 24 | $12.8M | $-11.0M | ||
| Q2 24 | $15.7M | $-13.5M | ||
| Q1 24 | $-3.2M | $-10.9M |
| Q4 25 | 96.2% | -19.1% | ||
| Q3 25 | 95.6% | -33.9% | ||
| Q2 25 | -32.5% | -66.1% | ||
| Q1 25 | 19.0% | -57.3% | ||
| Q4 24 | 139.0% | -69.7% | ||
| Q3 24 | 61.5% | -149.9% | ||
| Q2 24 | 77.0% | -183.1% | ||
| Q1 24 | -16.6% | -169.3% |
| Q4 25 | 11.5% | 0.3% | ||
| Q3 25 | 2.3% | 1.9% | ||
| Q2 25 | 3.0% | 0.8% | ||
| Q1 25 | 6.4% | 8.2% | ||
| Q4 24 | 7.3% | 0.6% | ||
| Q3 24 | 2.8% | 2.3% | ||
| Q2 24 | 0.4% | 0.8% | ||
| Q1 24 | 0.5% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | -1.10× | — | ||
| Q1 25 | 1.02× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.45× | — | ||
| Q2 24 | 2.90× | — | ||
| Q1 24 | -0.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
