vs

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

PALVELLA THERAPEUTICS, INC. is the larger business by last-quarter revenue ($520.0K vs $79.0K, roughly 6.6× SELLAS Life Sciences Group, Inc.).

Palvella Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted therapies for rare, debilitating genetic diseases with high unmet medical needs. Its lead product candidates address congenital disorders, serving global patient populations that lack effective existing treatment options.

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.

PVLA vs SLS — Head-to-Head

Bigger by revenue
PVLA
PVLA
6.6× larger
PVLA
$520.0K
$79.0K
SLS

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
PVLA
PVLA
SLS
SLS
Revenue
$520.0K
$79.0K
Net Profit
$-9.6M
Gross Margin
Operating Margin
-12208.9%
Net Margin
-12108.9%
Revenue YoY
14.3%
Net Profit YoY
-221.8%
13.8%
EPS (diluted)
$-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
PVLA
PVLA
SLS
SLS
Q4 25
$520.0K
Q3 25
$628.0K
Q2 25
$690.0K
Q1 25
$752.0K
Q3 24
$0
Q2 24
$0
Q1 24
$53.0K
$79.0K
Q4 23
$1.3M
Net Profit
PVLA
PVLA
SLS
SLS
Q4 25
Q3 25
$-11.3M
Q2 25
$-9.5M
Q1 25
$-8.2M
Q3 24
$-6.8M
Q2 24
$-4.2M
Q1 24
$-2.5M
$-9.6M
Q4 23
Operating Margin
PVLA
PVLA
SLS
SLS
Q4 25
Q3 25
-1620.5%
Q2 25
-1340.6%
Q1 25
-1046.7%
Q3 24
Q2 24
Q1 24
-3318.9%
-12208.9%
Q4 23
Net Margin
PVLA
PVLA
SLS
SLS
Q4 25
Q3 25
-1806.5%
Q2 25
-1372.6%
Q1 25
-1088.4%
Q3 24
Q2 24
Q1 24
-4784.9%
-12108.9%
Q4 23
EPS (diluted)
PVLA
PVLA
SLS
SLS
Q4 25
Q3 25
$-1.03
Q2 25
$-0.86
Q1 25
$-0.74
Q3 24
$-3.94
Q2 24
$-2.47
Q1 24
$-1.54
$-0.21
Q4 23

Balance Sheet & Financial Strength

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

Metric
PVLA
PVLA
SLS
SLS
Cash + ST InvestmentsLiquidity on hand
$58.0M
$18.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.0M
$9.7M
Total Assets
$59.6M
$24.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PVLA
PVLA
SLS
SLS
Q4 25
$58.0M
Q3 25
$63.6M
Q2 25
$70.4M
Q1 25
$75.6M
Q3 24
$19.4M
Q2 24
$19.7M
Q1 24
$19.1M
$18.4M
Q4 23
$16.3M
Stockholders' Equity
PVLA
PVLA
SLS
SLS
Q4 25
$28.0M
Q3 25
$38.7M
Q2 25
$47.8M
Q1 25
$55.6M
Q3 24
$-87.4M
Q2 24
$-80.8M
Q1 24
$-76.9M
$9.7M
Q4 23
$-74.5M
Total Assets
PVLA
PVLA
SLS
SLS
Q4 25
$59.6M
Q3 25
$66.9M
Q2 25
$73.7M
Q1 25
$79.4M
Q3 24
$20.5M
Q2 24
$25.1M
Q1 24
$29.5M
$24.4M
Q4 23
$7.5M

Cash Flow & Capital Efficiency

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

Metric
PVLA
PVLA
SLS
SLS
Operating Cash FlowLast quarter
$-25.0M
$-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
PVLA
PVLA
SLS
SLS
Q4 25
$-25.0M
Q3 25
$-7.9M
Q2 25
$-5.4M
Q1 25
$-6.8M
Q3 24
$-2.7M
Q2 24
$-1.6M
Q1 24
$-1.1M
$-10.8M
Q4 23
$-13.7M
Free Cash Flow
PVLA
PVLA
SLS
SLS
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
$-13.9M
FCF Margin
PVLA
PVLA
SLS
SLS
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
-1068.1%
Capex Intensity
PVLA
PVLA
SLS
SLS
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
0.0%
Q4 23
13.2%

Financial Flow Comparison

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

Related Comparisons