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Side-by-side financial comparison of Hyperliquid Strategies Inc (PURR) and SELLAS Life Sciences Group, Inc. (SLS). Click either name above to swap in a different company.

Hyperliquid Strategies Inc is the larger business by last-quarter revenue ($500.0K vs $79.0K, roughly 6.3× SELLAS Life Sciences Group, Inc.). SELLAS Life Sciences Group, Inc. runs the higher net margin — -12108.9% vs -60892.6%, a 48783.7% gap on every dollar of revenue.

SELLAS Life Sciences Group, Inc. is a late-stage clinical biopharmaceutical company focused on developing innovative cancer immunotherapies for patients with unmet medical needs. Its core pipeline targets both hematological malignancies and solid tumors, with lead product candidates addressing indications like acute myeloid leukemia, primarily serving markets across North America.

PURR vs SLS — Head-to-Head

Bigger by revenue
PURR
PURR
6.3× larger
PURR
$500.0K
$79.0K
SLS
Higher net margin
SLS
SLS
48783.7% more per $
SLS
-12108.9%
-60892.6%
PURR

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
PURR
PURR
SLS
SLS
Revenue
$500.0K
$79.0K
Net Profit
$-304.5M
$-9.6M
Gross Margin
Operating Margin
-57509.2%
-12208.9%
Net Margin
-60892.6%
-12108.9%
Revenue YoY
Net Profit YoY
13.8%
EPS (diluted)
$-7.43
$-0.21

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
PURR
PURR
SLS
SLS
Q4 25
$500.0K
Q1 24
$79.0K
Net Profit
PURR
PURR
SLS
SLS
Q4 25
$-304.5M
Q1 24
$-9.6M
Operating Margin
PURR
PURR
SLS
SLS
Q4 25
-57509.2%
Q1 24
-12208.9%
Net Margin
PURR
PURR
SLS
SLS
Q4 25
-60892.6%
Q1 24
-12108.9%
EPS (diluted)
PURR
PURR
SLS
SLS
Q4 25
$-7.43
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
PURR
PURR
SLS
SLS
Cash + ST InvestmentsLiquidity on hand
$281.9M
$18.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$589.8M
$9.7M
Total Assets
$616.6M
$24.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PURR
PURR
SLS
SLS
Q4 25
$281.9M
Q1 24
$18.4M
Stockholders' Equity
PURR
PURR
SLS
SLS
Q4 25
$589.8M
Q1 24
$9.7M
Total Assets
PURR
PURR
SLS
SLS
Q4 25
$616.6M
Q1 24
$24.4M

Cash Flow & Capital Efficiency

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

Metric
PURR
PURR
SLS
SLS
Operating Cash FlowLast quarter
$-10.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PURR
PURR
SLS
SLS
Q4 25
Q1 24
$-10.8M

Financial Flow Comparison

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

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