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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and TALOS ENERGY INC. (TALO). Click either name above to swap in a different company.

TALOS ENERGY INC. is the larger business by last-quarter revenue ($392.2M vs $252.6M, roughly 1.6× PicoCELA Inc.). TALOS ENERGY INC. runs the higher net margin — -51.6% vs -125.2%, a 73.6% 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.

Talos Energy Inc. is an oil and gas company that engages in the exploration, development, and production of oil and natural gas properties in the Gulf Coast and Gulf of Mexico.

PCLA vs TALO — Head-to-Head

Bigger by revenue
TALO
TALO
1.6× larger
TALO
$392.2M
$252.6M
PCLA
Higher net margin
TALO
TALO
73.6% more per $
TALO
-51.6%
-125.2%
PCLA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PCLA
PCLA
TALO
TALO
Revenue
$252.6M
$392.2M
Net Profit
$-316.2M
$-202.6M
Gross Margin
Operating Margin
-114.8%
-62.2%
Net Margin
-125.2%
-51.6%
Revenue YoY
-19.2%
Net Profit YoY
-214.0%
EPS (diluted)
$-1.17

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
PCLA
PCLA
TALO
TALO
Q4 25
$392.2M
Q3 25
$450.1M
Q2 25
$424.7M
Q1 25
$252.6M
$513.1M
Q4 24
$485.2M
Q3 24
$509.3M
Q2 24
$549.2M
Q1 24
$429.9M
Net Profit
PCLA
PCLA
TALO
TALO
Q4 25
$-202.6M
Q3 25
$-95.9M
Q2 25
$-185.9M
Q1 25
$-316.2M
$-9.9M
Q4 24
$-64.5M
Q3 24
$88.2M
Q2 24
$12.4M
Q1 24
$-112.4M
Operating Margin
PCLA
PCLA
TALO
TALO
Q4 25
-62.2%
Q3 25
-19.1%
Q2 25
-64.4%
Q1 25
-114.8%
8.5%
Q4 24
5.6%
Q3 24
4.6%
Q2 24
9.9%
Q1 24
15.8%
Net Margin
PCLA
PCLA
TALO
TALO
Q4 25
-51.6%
Q3 25
-21.3%
Q2 25
-43.8%
Q1 25
-125.2%
-1.9%
Q4 24
-13.3%
Q3 24
17.3%
Q2 24
2.3%
Q1 24
-26.2%
EPS (diluted)
PCLA
PCLA
TALO
TALO
Q4 25
$-1.17
Q3 25
$-0.55
Q2 25
$-1.05
Q1 25
$-0.05
Q4 24
$-0.29
Q3 24
$0.49
Q2 24
$0.07
Q1 24
$-0.71

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
TALO
TALO
Cash + ST InvestmentsLiquidity on hand
$456.8M
$362.8M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$354.8M
$2.2B
Total Assets
$1.2B
$5.6B
Debt / EquityLower = less leverage
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
TALO
TALO
Q4 25
$362.8M
Q3 25
$332.7M
Q2 25
$357.3M
Q1 25
$456.8M
$202.9M
Q4 24
$108.2M
Q3 24
$45.5M
Q2 24
$37.8M
Q1 24
$21.0M
Total Debt
PCLA
PCLA
TALO
TALO
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.3B
Q2 24
$1.4B
Q1 24
$1.5B
Stockholders' Equity
PCLA
PCLA
TALO
TALO
Q4 25
$2.2B
Q3 25
$2.4B
Q2 25
$2.5B
Q1 25
$354.8M
$2.7B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$2.7B
Q1 24
$2.8B
Total Assets
PCLA
PCLA
TALO
TALO
Q4 25
$5.6B
Q3 25
$5.7B
Q2 25
$5.9B
Q1 25
$1.2B
$6.1B
Q4 24
$6.2B
Q3 24
$6.4B
Q2 24
$6.4B
Q1 24
$6.4B
Debt / Equity
PCLA
PCLA
TALO
TALO
Q4 25
0.57×
Q3 25
0.51×
Q2 25
0.49×
Q1 25
0.45×
Q4 24
0.44×
Q3 24
0.47×
Q2 24
0.53×
Q1 24
0.56×

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
TALO
TALO
Operating Cash FlowLast quarter
$-245.6M
$201.8M
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
TALO
TALO
Q4 25
$201.8M
Q3 25
$114.2M
Q2 25
$351.6M
Q1 25
$-245.6M
$268.2M
Q4 24
$349.3M
Q3 24
$227.5M
Q2 24
$289.4M
Q1 24
$96.4M
Free Cash Flow
PCLA
PCLA
TALO
TALO
Q4 25
Q3 25
Q2 25
Q1 25
$-256.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
PCLA
PCLA
TALO
TALO
Q4 25
Q3 25
Q2 25
Q1 25
-101.6%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
PCLA
PCLA
TALO
TALO
Q4 25
Q3 25
Q2 25
Q1 25
4.3%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
PCLA
PCLA
TALO
TALO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.58×
Q2 24
23.37×
Q1 24

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%

TALO
TALO

Oil And Condensate$346.3M88%
Natural Gas Production$36.0M9%
Natural Gas Liquids Reserves$10.0M3%

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