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Side-by-side financial comparison of PCB BANCORP (PCB) and TELA Bio, Inc. (TELA). Click either name above to swap in a different company.

PCB BANCORP is the larger business by last-quarter revenue ($29.2M vs $20.9M, roughly 1.4× TELA Bio, Inc.). On growth, TELA Bio, Inc. posted the faster year-over-year revenue change (18.2% vs 11.3%). PCB BANCORP produced more free cash flow last quarter ($24.4M vs $-5.0M). Over the past eight quarters, TELA Bio, Inc.'s revenue compounded faster (12.1% CAGR vs 10.4%).

PCB Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.

TELA Bio, Inc. is a medical technology company focused on developing and commercializing innovative soft tissue repair solutions for surgical procedures. Its core product portfolio targets applications including hernia repair, abdominal wall reconstruction and other general surgery use cases, serving hospitals, ambulatory surgical centers and healthcare providers primarily across the United States and select global markets.

PCB vs TELA — Head-to-Head

Bigger by revenue
PCB
PCB
1.4× larger
PCB
$29.2M
$20.9M
TELA
Growing faster (revenue YoY)
TELA
TELA
+6.9% gap
TELA
18.2%
11.3%
PCB
More free cash flow
PCB
PCB
$29.4M more FCF
PCB
$24.4M
$-5.0M
TELA
Faster 2-yr revenue CAGR
TELA
TELA
Annualised
TELA
12.1%
10.4%
PCB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PCB
PCB
TELA
TELA
Revenue
$29.2M
$20.9M
Net Profit
$-9.0M
Gross Margin
65.9%
Operating Margin
45.0%
-31.9%
Net Margin
-43.3%
Revenue YoY
11.3%
18.2%
Net Profit YoY
1.8%
EPS (diluted)
$0.65
$-0.17

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
PCB
PCB
TELA
TELA
Q4 25
$29.2M
$20.9M
Q3 25
$30.4M
$20.7M
Q2 25
$29.3M
$20.2M
Q1 25
$26.9M
$18.5M
Q4 24
$26.2M
$17.6M
Q3 24
$25.3M
$19.0M
Q2 24
$24.2M
$16.1M
Q1 24
$23.9M
$16.6M
Net Profit
PCB
PCB
TELA
TELA
Q4 25
$-9.0M
Q3 25
$11.4M
$-8.6M
Q2 25
$9.1M
$-9.9M
Q1 25
$7.7M
$-11.3M
Q4 24
$-9.2M
Q3 24
$7.8M
$-10.4M
Q2 24
$6.3M
$-12.6M
Q1 24
$4.7M
$-5.7M
Gross Margin
PCB
PCB
TELA
TELA
Q4 25
65.9%
Q3 25
67.5%
Q2 25
69.8%
Q1 25
67.6%
Q4 24
63.6%
Q3 24
67.8%
Q2 24
68.8%
Q1 24
68.3%
Operating Margin
PCB
PCB
TELA
TELA
Q4 25
45.0%
-31.9%
Q3 25
52.3%
-36.5%
Q2 25
43.3%
-45.0%
Q1 25
40.2%
-56.5%
Q4 24
39.3%
-47.3%
Q3 24
42.2%
-49.4%
Q2 24
36.3%
-71.9%
Q1 24
27.2%
-29.1%
Net Margin
PCB
PCB
TELA
TELA
Q4 25
-43.3%
Q3 25
37.5%
-41.6%
Q2 25
31.0%
-49.1%
Q1 25
28.8%
-60.8%
Q4 24
-52.2%
Q3 24
30.8%
-54.7%
Q2 24
25.9%
-78.3%
Q1 24
19.6%
-34.1%
EPS (diluted)
PCB
PCB
TELA
TELA
Q4 25
$0.65
$-0.17
Q3 25
$0.78
$-0.19
Q2 25
$0.62
$-0.22
Q1 25
$0.53
$-0.25
Q4 24
$0.46
$-0.17
Q3 24
$0.52
$-0.42
Q2 24
$0.43
$-0.51
Q1 24
$0.33
$-0.23

Balance Sheet & Financial Strength

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

Metric
PCB
PCB
TELA
TELA
Cash + ST InvestmentsLiquidity on hand
$207.1M
$50.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$390.0M
$6.3M
Total Assets
$3.3B
$81.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCB
PCB
TELA
TELA
Q4 25
$207.1M
$50.8M
Q3 25
$369.5M
$29.7M
Q2 25
$263.6M
$35.0M
Q1 25
$214.3M
$42.8M
Q4 24
$198.8M
$52.7M
Q3 24
$193.1M
$17.3M
Q2 24
$177.6M
$26.5M
Q1 24
$239.8M
$37.1M
Total Debt
PCB
PCB
TELA
TELA
Q4 25
Q3 25
Q2 25
$41.4M
Q1 25
$41.3M
Q4 24
$41.1M
Q3 24
$41.0M
Q2 24
$40.8M
Q1 24
$40.7M
Stockholders' Equity
PCB
PCB
TELA
TELA
Q4 25
$390.0M
$6.3M
Q3 25
$384.5M
$1.6M
Q2 25
$376.5M
$9.2M
Q1 25
$370.9M
$18.1M
Q4 24
$363.8M
$28.5M
Q3 24
$362.3M
$-6.3M
Q2 24
$353.5M
$2.9M
Q1 24
$350.0M
$14.4M
Total Assets
PCB
PCB
TELA
TELA
Q4 25
$3.3B
$81.4M
Q3 25
$3.4B
$61.6M
Q2 25
$3.3B
$67.5M
Q1 25
$3.2B
$77.3M
Q4 24
$3.1B
$86.6M
Q3 24
$2.9B
$53.0M
Q2 24
$2.9B
$60.2M
Q1 24
$2.9B
$71.8M
Debt / Equity
PCB
PCB
TELA
TELA
Q4 25
Q3 25
Q2 25
4.51×
Q1 25
2.28×
Q4 24
1.45×
Q3 24
Q2 24
14.22×
Q1 24
2.83×

Cash Flow & Capital Efficiency

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

Metric
PCB
PCB
TELA
TELA
Operating Cash FlowLast quarter
$26.6M
$-4.9M
Free Cash FlowOCF − Capex
$24.4M
$-5.0M
FCF MarginFCF / Revenue
83.6%
-23.8%
Capex IntensityCapex / Revenue
7.5%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$46.0M
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCB
PCB
TELA
TELA
Q4 25
$26.6M
$-4.9M
Q3 25
$16.4M
$-5.7M
Q2 25
$4.9M
$-7.9M
Q1 25
$2.3M
$-9.7M
Q4 24
$39.0M
$-7.5M
Q3 24
$11.9M
$-9.0M
Q2 24
$14.6M
$-10.7M
Q1 24
$8.2M
$-14.4M
Free Cash Flow
PCB
PCB
TELA
TELA
Q4 25
$24.4M
$-5.0M
Q3 25
$16.2M
$-5.9M
Q2 25
$3.8M
$-8.0M
Q1 25
$1.6M
$-9.8M
Q4 24
$34.9M
$-7.8M
Q3 24
$11.9M
$-9.1M
Q2 24
$12.8M
$-11.0M
Q1 24
$6.0M
$-14.7M
FCF Margin
PCB
PCB
TELA
TELA
Q4 25
83.6%
-23.8%
Q3 25
53.2%
-28.7%
Q2 25
13.1%
-39.7%
Q1 25
6.0%
-52.7%
Q4 24
133.2%
-44.2%
Q3 24
46.8%
-48.0%
Q2 24
53.1%
-68.3%
Q1 24
25.2%
-88.5%
Capex Intensity
PCB
PCB
TELA
TELA
Q4 25
7.5%
0.4%
Q3 25
0.8%
1.0%
Q2 25
3.7%
0.6%
Q1 25
2.8%
0.2%
Q4 24
15.5%
1.5%
Q3 24
0.1%
0.6%
Q2 24
7.3%
1.9%
Q1 24
9.3%
1.8%
Cash Conversion
PCB
PCB
TELA
TELA
Q4 25
Q3 25
1.44×
Q2 25
0.54×
Q1 25
0.30×
Q4 24
Q3 24
1.52×
Q2 24
2.33×
Q1 24
1.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCB
PCB

Segment breakdown not available.

TELA
TELA

Ovitex$13.4M64%
Ovitex Prs$6.8M33%
Other$597.0K3%

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