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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) and SOLENO THERAPEUTICS INC (SLNO). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $66.0M, roughly 1.1× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC produced more free cash flow last quarter ($43.5M vs $14.4M).

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

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.

PBYI vs SLNO — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.1× larger
PBYI
$75.5M
$66.0M
SLNO
More free cash flow
SLNO
SLNO
$29.1M more FCF
SLNO
$43.5M
$14.4M
PBYI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PBYI
PBYI
SLNO
SLNO
Revenue
$75.5M
$66.0M
Net Profit
$26.0M
Gross Margin
69.3%
98.3%
Operating Margin
22.7%
33.5%
Net Margin
39.4%
Revenue YoY
27.7%
Net Profit YoY
134.0%
EPS (diluted)
$0.26
$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
PBYI
PBYI
SLNO
SLNO
Q4 25
$75.5M
Q3 25
$54.5M
$66.0M
Q2 25
$52.4M
$32.7M
Q1 25
$46.0M
Q4 24
$59.1M
Q3 24
$80.5M
Q2 24
$47.1M
Q1 24
$43.8M
Net Profit
PBYI
PBYI
SLNO
SLNO
Q4 25
Q3 25
$8.8M
$26.0M
Q2 25
$5.9M
$-4.7M
Q1 25
$3.0M
Q4 24
Q3 24
$20.3M
Q2 24
$-4.5M
Q1 24
$-4.8M
Gross Margin
PBYI
PBYI
SLNO
SLNO
Q4 25
69.3%
Q3 25
77.7%
98.3%
Q2 25
76.5%
97.9%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
PBYI
PBYI
SLNO
SLNO
Q4 25
22.7%
Q3 25
17.6%
33.5%
Q2 25
12.7%
-20.0%
Q1 25
8.7%
Q4 24
22.6%
Q3 24
27.4%
Q2 24
-4.6%
Q1 24
-5.3%
Net Margin
PBYI
PBYI
SLNO
SLNO
Q4 25
Q3 25
16.2%
39.4%
Q2 25
11.2%
-14.4%
Q1 25
6.5%
Q4 24
Q3 24
25.2%
Q2 24
-9.6%
Q1 24
-11.0%
EPS (diluted)
PBYI
PBYI
SLNO
SLNO
Q4 25
$0.26
Q3 25
$0.17
$0.47
Q2 25
$0.12
$-0.09
Q1 25
$0.06
Q4 24
$0.40
Q3 24
$0.41
Q2 24
$-0.09
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
PBYI
PBYI
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$97.5M
$498.9M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$130.3M
$494.8M
Total Assets
$216.3M
$599.9M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBYI
PBYI
SLNO
SLNO
Q4 25
$97.5M
Q3 25
$94.4M
$498.9M
Q2 25
$96.0M
$286.8M
Q1 25
$93.2M
Q4 24
$101.0M
Q3 24
$96.7M
Q2 24
$96.8M
Q1 24
$107.2M
Total Debt
PBYI
PBYI
SLNO
SLNO
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
PBYI
PBYI
SLNO
SLNO
Q4 25
$130.3M
Q3 25
$115.3M
$494.8M
Q2 25
$104.7M
$240.1M
Q1 25
$97.1M
Q4 24
$92.1M
Q3 24
$71.1M
Q2 24
$48.5M
Q1 24
$51.0M
Total Assets
PBYI
PBYI
SLNO
SLNO
Q4 25
$216.3M
Q3 25
$202.9M
$599.9M
Q2 25
$194.9M
$332.3M
Q1 25
$196.2M
Q4 24
$213.3M
Q3 24
$220.7M
Q2 24
$205.0M
Q1 24
$214.1M
Debt / Equity
PBYI
PBYI
SLNO
SLNO
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

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

Metric
PBYI
PBYI
SLNO
SLNO
Operating Cash FlowLast quarter
$14.4M
$43.5M
Free Cash FlowOCF − Capex
$14.4M
$43.5M
FCF MarginFCF / Revenue
19.1%
65.8%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBYI
PBYI
SLNO
SLNO
Q4 25
$14.4M
Q3 25
$9.7M
$43.5M
Q2 25
$14.1M
$-12.6M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
$11.2M
Free Cash Flow
PBYI
PBYI
SLNO
SLNO
Q4 25
$14.4M
Q3 25
$9.7M
$43.5M
Q2 25
$14.1M
$-12.6M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
PBYI
PBYI
SLNO
SLNO
Q4 25
19.1%
Q3 25
17.7%
65.8%
Q2 25
26.8%
-38.6%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
PBYI
PBYI
SLNO
SLNO
Q4 25
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
PBYI
PBYI
SLNO
SLNO
Q4 25
Q3 25
1.10×
1.67×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

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