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Side-by-side financial comparison of AVITA Medical, Inc. (RCEL) and SOLAI Ltd (SLAI). Click either name above to swap in a different company.

AVITA Medical, Inc. is the larger business by last-quarter revenue ($17.6M vs $11.0M, roughly 1.6× SOLAI Ltd). AVITA Medical, Inc. runs the higher net margin — -66.0% vs -126.2%, a 60.2% gap on every dollar of revenue. On growth, AVITA Medical, Inc. posted the faster year-over-year revenue change (-4.3% vs -43.1%). AVITA Medical, Inc. produced more free cash flow last quarter ($-6.1M vs $-17.0M).

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

RCEL vs SLAI — Head-to-Head

Bigger by revenue
RCEL
RCEL
1.6× larger
RCEL
$17.6M
$11.0M
SLAI
Growing faster (revenue YoY)
RCEL
RCEL
+38.8% gap
RCEL
-4.3%
-43.1%
SLAI
Higher net margin
RCEL
RCEL
60.2% more per $
RCEL
-66.0%
-126.2%
SLAI
More free cash flow
RCEL
RCEL
$10.9M more FCF
RCEL
$-6.1M
$-17.0M
SLAI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
RCEL
RCEL
SLAI
SLAI
Revenue
$17.6M
$11.0M
Net Profit
$-11.6M
$-13.9M
Gross Margin
81.2%
0.1%
Operating Margin
-59.1%
-126.2%
Net Margin
-66.0%
-126.2%
Revenue YoY
-4.3%
-43.1%
Net Profit YoY
-0.3%
-173.4%
EPS (diluted)
$-0.37
$-0.01

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
RCEL
RCEL
SLAI
SLAI
Q4 25
$17.6M
Q3 25
$17.1M
Q2 25
$18.4M
$11.0M
Q1 25
$18.5M
Q4 24
$18.4M
Q3 24
$19.5M
Q2 24
$15.2M
$19.4M
Q1 24
$11.1M
Net Profit
RCEL
RCEL
SLAI
SLAI
Q4 25
$-11.6M
Q3 25
$-13.2M
Q2 25
$-9.9M
$-13.9M
Q1 25
$-13.9M
Q4 24
$-11.6M
Q3 24
$-16.2M
Q2 24
$-15.4M
$18.9M
Q1 24
$-18.7M
Gross Margin
RCEL
RCEL
SLAI
SLAI
Q4 25
81.2%
Q3 25
81.3%
Q2 25
81.2%
0.1%
Q1 25
84.7%
Q4 24
87.6%
Q3 24
83.7%
Q2 24
86.1%
52.4%
Q1 24
86.4%
Operating Margin
RCEL
RCEL
SLAI
SLAI
Q4 25
-59.1%
Q3 25
-53.6%
Q2 25
-60.5%
-126.2%
Q1 25
-63.9%
Q4 24
-54.1%
Q3 24
-70.6%
Q2 24
-102.8%
-2.6%
Q1 24
-155.0%
Net Margin
RCEL
RCEL
SLAI
SLAI
Q4 25
-66.0%
Q3 25
-77.3%
Q2 25
-53.9%
-126.2%
Q1 25
-74.9%
Q4 24
-63.0%
Q3 24
-82.9%
Q2 24
-101.3%
97.9%
Q1 24
-168.0%
EPS (diluted)
RCEL
RCEL
SLAI
SLAI
Q4 25
$-0.37
Q3 25
$-0.46
Q2 25
$-0.38
$-0.01
Q1 25
$-0.53
Q4 24
$-0.44
Q3 24
$-0.62
Q2 24
$-0.60
$0.02
Q1 24
$-0.73

Balance Sheet & Financial Strength

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

Metric
RCEL
RCEL
SLAI
SLAI
Cash + ST InvestmentsLiquidity on hand
$18.2M
$1.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-16.6M
$43.8M
Total Assets
$56.4M
$69.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RCEL
RCEL
SLAI
SLAI
Q4 25
$18.2M
Q3 25
$23.3M
Q2 25
$15.7M
$1.2M
Q1 25
$25.8M
Q4 24
$35.9M
Q3 24
$44.4M
Q2 24
$54.1M
$2.3M
Q1 24
$68.2M
Stockholders' Equity
RCEL
RCEL
SLAI
SLAI
Q4 25
$-16.6M
Q3 25
$-6.7M
Q2 25
$-12.9M
$43.8M
Q1 25
$-4.6M
Q4 24
$4.5M
Q3 24
$12.2M
Q2 24
$23.9M
$45.9M
Q1 24
$32.6M
Total Assets
RCEL
RCEL
SLAI
SLAI
Q4 25
$56.4M
Q3 25
$63.7M
Q2 25
$58.1M
$69.1M
Q1 25
$69.6M
Q4 24
$79.7M
Q3 24
$81.1M
Q2 24
$87.8M
$63.3M
Q1 24
$97.4M

Cash Flow & Capital Efficiency

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

Metric
RCEL
RCEL
SLAI
SLAI
Operating Cash FlowLast quarter
$-5.4M
$-17.0M
Free Cash FlowOCF − Capex
$-6.1M
$-17.0M
FCF MarginFCF / Revenue
-34.7%
-154.2%
Capex IntensityCapex / Revenue
3.8%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-33.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RCEL
RCEL
SLAI
SLAI
Q4 25
$-5.4M
Q3 25
$-5.2M
Q2 25
$-10.2M
$-17.0M
Q1 25
$-10.3M
Q4 24
$-8.1M
Q3 24
$-7.2M
Q2 24
$-12.8M
$-12.1M
Q1 24
$-20.9M
Free Cash Flow
RCEL
RCEL
SLAI
SLAI
Q4 25
$-6.1M
Q3 25
$-6.2M
Q2 25
$-10.8M
$-17.0M
Q1 25
$-10.5M
Q4 24
$-9.7M
Q3 24
$-11.0M
Q2 24
$-15.4M
Q1 24
$-22.0M
FCF Margin
RCEL
RCEL
SLAI
SLAI
Q4 25
-34.7%
Q3 25
-36.1%
Q2 25
-58.4%
-154.2%
Q1 25
-56.9%
Q4 24
-52.7%
Q3 24
-56.1%
Q2 24
-101.6%
Q1 24
-198.2%
Capex Intensity
RCEL
RCEL
SLAI
SLAI
Q4 25
3.8%
Q3 25
5.5%
Q2 25
2.8%
0.0%
Q1 25
1.2%
Q4 24
8.8%
Q3 24
19.2%
Q2 24
17.5%
Q1 24
10.3%
Cash Conversion
RCEL
RCEL
SLAI
SLAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-0.64×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RCEL
RCEL

Segment breakdown not available.

SLAI
SLAI

Data center$6.5M59%
Cryptocurrency mining$4.6M41%

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