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Side-by-side financial comparison of Paysign, Inc. (PAYS) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Paysign, Inc. is the larger business by last-quarter revenue ($22.8M vs $17.3M, roughly 1.3× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 6.0%, a 61.3% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 45.8%).

Paysign, Inc. is a specialized payment solutions provider that designs and delivers customized prepaid card programs, end-to-end payment processing services, and digital disbursement tools. Its core served segments include healthcare, corporate incentives, and general consumer markets, with primary operations and client bases across North America.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

PAYS vs SLGL — Head-to-Head

Bigger by revenue
PAYS
PAYS
1.3× larger
PAYS
$22.8M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+171.9% gap
SLGL
217.7%
45.8%
PAYS
Higher net margin
SLGL
SLGL
61.3% more per $
SLGL
67.3%
6.0%
PAYS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
PAYS
PAYS
SLGL
SLGL
Revenue
$22.8M
$17.3M
Net Profit
$1.4M
$11.6M
Gross Margin
57.7%
Operating Margin
8.1%
65.1%
Net Margin
6.0%
67.3%
Revenue YoY
45.8%
217.7%
Net Profit YoY
-0.7%
487.6%
EPS (diluted)
$0.02
$4.17

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
PAYS
PAYS
SLGL
SLGL
Q4 25
$22.8M
Q3 25
$21.6M
Q2 25
$19.1M
$17.3M
Q1 25
$18.6M
Q4 24
$15.6M
Q3 24
$15.3M
Q2 24
$14.3M
$5.4M
Q1 24
$13.2M
Net Profit
PAYS
PAYS
SLGL
SLGL
Q4 25
$1.4M
Q3 25
$2.2M
Q2 25
$1.4M
$11.6M
Q1 25
$2.6M
Q4 24
$1.4M
Q3 24
$1.4M
Q2 24
$697.1K
$2.0M
Q1 24
$309.1K
Gross Margin
PAYS
PAYS
SLGL
SLGL
Q4 25
57.7%
Q3 25
56.3%
Q2 25
61.6%
Q1 25
62.9%
Q4 24
58.9%
Q3 24
55.5%
Q2 24
52.9%
Q1 24
52.6%
Operating Margin
PAYS
PAYS
SLGL
SLGL
Q4 25
8.1%
Q3 25
7.3%
Q2 25
7.5%
65.1%
Q1 25
13.4%
Q4 24
3.0%
Q3 24
4.5%
Q2 24
0.9%
29.9%
Q1 24
-2.0%
Net Margin
PAYS
PAYS
SLGL
SLGL
Q4 25
6.0%
Q3 25
10.3%
Q2 25
7.3%
67.3%
Q1 25
13.9%
Q4 24
8.8%
Q3 24
9.4%
Q2 24
4.9%
36.4%
Q1 24
2.3%
EPS (diluted)
PAYS
PAYS
SLGL
SLGL
Q4 25
$0.02
Q3 25
$0.04
Q2 25
$0.02
$4.17
Q1 25
$0.05
Q4 24
$0.02
Q3 24
$0.03
Q2 24
$0.01
$0.71
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
PAYS
PAYS
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$48.5M
$31.9M
Total Assets
$276.3M
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAYS
PAYS
SLGL
SLGL
Q4 25
Q3 25
Q2 25
$24.3M
Q1 25
Q4 24
Q3 24
Q2 24
$26.5M
Q1 24
Stockholders' Equity
PAYS
PAYS
SLGL
SLGL
Q4 25
$48.5M
Q3 25
$45.8M
Q2 25
$42.2M
$31.9M
Q1 25
$39.3M
Q4 24
$30.4M
Q3 24
$28.5M
Q2 24
$26.9M
$34.9M
Q1 24
$25.5M
Total Assets
PAYS
PAYS
SLGL
SLGL
Q4 25
$276.3M
Q3 25
$209.5M
Q2 25
$193.9M
$39.3M
Q1 25
$205.1M
Q4 24
$179.0M
Q3 24
$167.0M
Q2 24
$182.3M
$42.0M
Q1 24
$173.0M

Cash Flow & Capital Efficiency

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

Metric
PAYS
PAYS
SLGL
SLGL
Operating Cash FlowLast quarter
$48.1M
Free Cash FlowOCF − Capex
$47.5M
FCF MarginFCF / Revenue
208.7%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
35.29×
TTM Free Cash FlowTrailing 4 quarters
$51.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAYS
PAYS
SLGL
SLGL
Q4 25
$48.1M
Q3 25
$6.8M
Q2 25
$3.6M
Q1 25
$-6.0M
Q4 24
$14.3M
Q3 24
$-20.2M
Q2 24
$20.6M
Q1 24
$8.2M
Free Cash Flow
PAYS
PAYS
SLGL
SLGL
Q4 25
$47.5M
Q3 25
$6.3M
Q2 25
$3.6M
Q1 25
$-6.1M
Q4 24
$14.2M
Q3 24
$-20.3M
Q2 24
$20.4M
Q1 24
$8.2M
FCF Margin
PAYS
PAYS
SLGL
SLGL
Q4 25
208.7%
Q3 25
29.2%
Q2 25
18.6%
Q1 25
-32.9%
Q4 24
91.0%
Q3 24
-133.0%
Q2 24
142.4%
Q1 24
62.1%
Capex Intensity
PAYS
PAYS
SLGL
SLGL
Q4 25
2.6%
Q3 25
2.1%
Q2 25
0.5%
Q1 25
0.4%
Q4 24
0.7%
Q3 24
0.8%
Q2 24
1.0%
Q1 24
0.4%
Cash Conversion
PAYS
PAYS
SLGL
SLGL
Q4 25
35.29×
Q3 25
3.05×
Q2 25
2.62×
Q1 25
-2.33×
Q4 24
10.43×
Q3 24
-14.03×
Q2 24
29.48×
Q1 24
26.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAYS
PAYS

Plasma Industry$12.6M55%
Pharma Industry$9.6M42%
Other$558.4K2%

SLGL
SLGL

Segment breakdown not available.

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