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Side-by-side financial comparison of Richmond Mutual Bancorporation, Inc. (RMBI) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $13.1M, roughly 1.0× Richmond Mutual Bancorporation, Inc.). Richmond Mutual Bancorporation, Inc. runs the higher net margin — 26.1% vs -73.9%, a 100.0% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 18.1%). Richmond Mutual Bancorporation, Inc. produced more free cash flow last quarter ($14.6M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 9.1%).

Richmond Mutual Bancorporation, Inc. is a U.S.-based bank holding company operating primarily in Indiana. It offers a full range of personal and commercial banking solutions including deposit accounts, mortgage loans, small business lending, and wealth management services, serving local retail consumers and small-to-medium enterprise clients via its regional branch network.

TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.

RMBI vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.0× larger
TLSI
$13.2M
$13.1M
RMBI
Growing faster (revenue YoY)
TLSI
TLSI
+41.8% gap
TLSI
59.8%
18.1%
RMBI
Higher net margin
RMBI
RMBI
100.0% more per $
RMBI
26.1%
-73.9%
TLSI
More free cash flow
RMBI
RMBI
$17.1M more FCF
RMBI
$14.6M
$-2.5M
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
9.1%
RMBI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RMBI
RMBI
TLSI
TLSI
Revenue
$13.1M
$13.2M
Net Profit
$3.4M
$-9.8M
Gross Margin
86.7%
Operating Margin
-24.8%
Net Margin
26.1%
-73.9%
Revenue YoY
18.1%
59.8%
Net Profit YoY
37.7%
3.5%
EPS (diluted)
$0.35
$-0.22

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
RMBI
RMBI
TLSI
TLSI
Q4 25
$13.1M
$13.2M
Q3 25
$12.6M
$11.6M
Q2 25
$11.8M
$11.2M
Q1 25
$11.4M
$9.2M
Q4 24
$11.1M
$8.3M
Q3 24
$10.8M
$7.3M
Q2 24
$10.7M
$7.4M
Q1 24
$11.0M
$6.5M
Net Profit
RMBI
RMBI
TLSI
TLSI
Q4 25
$3.4M
$-9.8M
Q3 25
$3.6M
$-10.8M
Q2 25
$2.6M
$-8.3M
Q1 25
$2.0M
$-10.4M
Q4 24
$2.5M
$-10.1M
Q3 24
$2.5M
$-2.4M
Q2 24
$2.1M
$-4.3M
Q1 24
$2.4M
$-13.2M
Gross Margin
RMBI
RMBI
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
RMBI
RMBI
TLSI
TLSI
Q4 25
-24.8%
Q3 25
-77.9%
Q2 25
-65.4%
Q1 25
-79.9%
Q4 24
-91.8%
Q3 24
-118.9%
Q2 24
-111.0%
Q1 24
-180.8%
Net Margin
RMBI
RMBI
TLSI
TLSI
Q4 25
26.1%
-73.9%
Q3 25
28.6%
-93.5%
Q2 25
22.0%
-73.9%
Q1 25
17.2%
-113.2%
Q4 24
22.4%
-122.4%
Q3 24
23.0%
-32.6%
Q2 24
19.3%
-58.8%
Q1 24
21.6%
-204.5%
EPS (diluted)
RMBI
RMBI
TLSI
TLSI
Q4 25
$0.35
$-0.22
Q3 25
$0.36
$-0.96
Q2 25
$0.26
$-0.27
Q1 25
$0.20
$-0.39
Q4 24
$0.25
$-0.38
Q3 24
$0.24
$-0.12
Q2 24
$0.20
$-0.21
Q1 24
$0.23
$-0.60

Balance Sheet & Financial Strength

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

Metric
RMBI
RMBI
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$33.1M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$145.8M
$-33.9M
Total Assets
$1.5B
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMBI
RMBI
TLSI
TLSI
Q4 25
$33.1M
$20.4M
Q3 25
$34.3M
$22.7M
Q2 25
$27.2M
$26.5M
Q1 25
$27.0M
$13.0M
Q4 24
$21.8M
$8.5M
Q3 24
$19.6M
$11.3M
Q2 24
$19.0M
$16.5M
Q1 24
$20.3M
$4.0M
Stockholders' Equity
RMBI
RMBI
TLSI
TLSI
Q4 25
$145.8M
$-33.9M
Q3 25
$140.0M
$-26.7M
Q2 25
$132.3M
$-19.4M
Q1 25
$130.9M
$-34.4M
Q4 24
$132.9M
$-25.9M
Q3 24
$140.0M
$-20.4M
Q2 24
$131.1M
$-25.3M
Q1 24
$132.4M
$-36.0M
Total Assets
RMBI
RMBI
TLSI
TLSI
Q4 25
$1.5B
$35.3M
Q3 25
$1.5B
$36.5M
Q2 25
$1.5B
$41.3M
Q1 25
$1.5B
$28.6M
Q4 24
$1.5B
$24.0M
Q3 24
$1.5B
$27.5M
Q2 24
$1.5B
$32.4M
Q1 24
$1.5B
$17.9M

Cash Flow & Capital Efficiency

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

Metric
RMBI
RMBI
TLSI
TLSI
Operating Cash FlowLast quarter
$16.0M
$-2.5M
Free Cash FlowOCF − Capex
$14.6M
$-2.5M
FCF MarginFCF / Revenue
111.9%
-19.1%
Capex IntensityCapex / Revenue
10.4%
0.3%
Cash ConversionOCF / Net Profit
4.68×
TTM Free Cash FlowTrailing 4 quarters
$26.7M
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMBI
RMBI
TLSI
TLSI
Q4 25
$16.0M
$-2.5M
Q3 25
$6.3M
$-3.7M
Q2 25
$4.8M
$-7.3M
Q1 25
$2.2M
$-4.5M
Q4 24
$14.8M
$-5.7M
Q3 24
$2.9M
$-10.8M
Q2 24
$2.9M
$-13.4M
Q1 24
$2.2M
$-10.9M
Free Cash Flow
RMBI
RMBI
TLSI
TLSI
Q4 25
$14.6M
$-2.5M
Q3 25
$5.8M
$-3.9M
Q2 25
$4.2M
$-7.4M
Q1 25
$2.1M
$-5.3M
Q4 24
$14.3M
$-5.8M
Q3 24
$2.8M
$-11.0M
Q2 24
$2.8M
$-13.5M
Q1 24
$2.0M
$-10.9M
FCF Margin
RMBI
RMBI
TLSI
TLSI
Q4 25
111.9%
-19.1%
Q3 25
46.2%
-33.9%
Q2 25
35.6%
-66.1%
Q1 25
18.4%
-57.3%
Q4 24
129.3%
-69.7%
Q3 24
25.7%
-149.9%
Q2 24
26.2%
-183.1%
Q1 24
18.7%
-169.3%
Capex Intensity
RMBI
RMBI
TLSI
TLSI
Q4 25
10.4%
0.3%
Q3 25
3.7%
1.9%
Q2 25
5.3%
0.8%
Q1 25
0.7%
8.2%
Q4 24
4.2%
0.6%
Q3 24
1.1%
2.3%
Q2 24
1.1%
0.8%
Q1 24
1.1%
1.0%
Cash Conversion
RMBI
RMBI
TLSI
TLSI
Q4 25
4.68×
Q3 25
1.75×
Q2 25
1.86×
Q1 25
1.11×
Q4 24
5.96×
Q3 24
1.17×
Q2 24
1.42×
Q1 24
0.91×

Financial Flow Comparison

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

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