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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and Slide Insurance Holdings, Inc. (SLDE). Click either name above to swap in a different company.

Slide Insurance Holdings, Inc. is the larger business by last-quarter revenue ($389.3M vs $252.6M, roughly 1.5× PicoCELA Inc.). Slide Insurance Holdings, Inc. runs the higher net margin — 35.8% vs -125.2%, a 161.0% gap on every dollar of revenue.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

United Property & Casualty Insurance Company, Inc. is an American property and casualty insurance company with headquarters in Florida. It writes commercial, residential, homeowners’, and flood insurance policies in several coastal states.

PCLA vs SLDE — Head-to-Head

Bigger by revenue
SLDE
SLDE
1.5× larger
SLDE
$389.3M
$252.6M
PCLA
Higher net margin
SLDE
SLDE
161.0% more per $
SLDE
35.8%
-125.2%
PCLA

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
PCLA
PCLA
SLDE
SLDE
Revenue
$252.6M
$389.3M
Net Profit
$-316.2M
$139.5M
Gross Margin
Operating Margin
-114.8%
Net Margin
-125.2%
35.8%
Revenue YoY
38.2%
Net Profit YoY
50.8%
EPS (diluted)
$1.02

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
PCLA
PCLA
SLDE
SLDE
Q1 26
$389.3M
Q4 25
$347.0M
Q3 25
$265.7M
Q2 25
$261.6M
Q1 25
$252.6M
Net Profit
PCLA
PCLA
SLDE
SLDE
Q1 26
$139.5M
Q4 25
$170.4M
Q3 25
$111.0M
Q2 25
$70.1M
Q1 25
$-316.2M
Operating Margin
PCLA
PCLA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
55.3%
Q2 25
36.8%
Q1 25
-114.8%
Net Margin
PCLA
PCLA
SLDE
SLDE
Q1 26
35.8%
Q4 25
49.1%
Q3 25
41.8%
Q2 25
26.8%
Q1 25
-125.2%
EPS (diluted)
PCLA
PCLA
SLDE
SLDE
Q1 26
$1.02
Q4 25
$1.23
Q3 25
$0.79
Q2 25
$0.56
Q1 25

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
SLDE
SLDE
Cash + ST InvestmentsLiquidity on hand
$456.8M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
$1.1B
Total Assets
$1.2B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
SLDE
SLDE
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$861.6M
Q2 25
$936.2M
Q1 25
$456.8M
Total Debt
PCLA
PCLA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
$35.0M
Q2 25
$36.3M
Q1 25
Stockholders' Equity
PCLA
PCLA
SLDE
SLDE
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$964.2M
Q2 25
$868.1M
Q1 25
$354.8M
Total Assets
PCLA
PCLA
SLDE
SLDE
Q1 26
$2.9B
Q4 25
$2.9B
Q3 25
$2.7B
Q2 25
$2.8B
Q1 25
$1.2B
Debt / Equity
PCLA
PCLA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
0.04×
Q2 25
0.04×
Q1 25

Cash Flow & Capital Efficiency

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

Metric
PCLA
PCLA
SLDE
SLDE
Operating Cash FlowLast quarter
$-245.6M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
$25.3M
Q2 25
$350.4M
Q1 25
$-245.6M
Free Cash Flow
PCLA
PCLA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
$24.5M
Q2 25
$348.9M
Q1 25
$-256.6M
FCF Margin
PCLA
PCLA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
9.2%
Q2 25
133.4%
Q1 25
-101.6%
Capex Intensity
PCLA
PCLA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
0.3%
Q2 25
0.6%
Q1 25
4.3%
Cash Conversion
PCLA
PCLA
SLDE
SLDE
Q1 26
Q4 25
Q3 25
0.23×
Q2 25
5.00×
Q1 25

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

SLDE
SLDE

Segment breakdown not available.

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