vs
Side-by-side financial comparison of Solid Power, Inc. (SLDP) and Instil Bio, Inc. (TIL). Click either name above to swap in a different company.
Solid Power, Inc. is the larger business by last-quarter revenue ($3.6M vs $2.2M, roughly 1.6× Instil Bio, Inc.). On growth, Solid Power, Inc. posted the faster year-over-year revenue change (-18.6% vs -19.2%).
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
Instil Bio Inc. is a clinical-stage biotechnology company focused on developing innovative tumor-infiltrating lymphocyte (TIL) therapies for patients with difficult-to-treat advanced solid tumors. It operates in the immuno-oncology segment, serving patient populations that show limited response to existing standard cancer treatment options.
SLDP vs TIL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6M | $2.2M |
| Net Profit | — | $-8.2M |
| Gross Margin | — | — |
| Operating Margin | -730.1% | -426.3% |
| Net Margin | — | -365.3% |
| Revenue YoY | -18.6% | -19.2% |
| Net Profit YoY | — | 31.1% |
| EPS (diluted) | $-0.15 | $-1.13 |
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.
| Q4 25 | $3.6M | $2.2M | ||
| Q3 25 | $3.7M | $2.2M | ||
| Q2 25 | $6.5M | $2.2M | ||
| Q1 25 | $6.0M | $2.2M | ||
| Q4 24 | $4.5M | $2.8M | ||
| Q3 24 | $4.7M | $1.5M | ||
| Q2 24 | $5.1M | $0 | ||
| Q1 24 | $6.0M | $0 |
| Q4 25 | — | $-8.2M | ||
| Q3 25 | $-25.9M | $-13.6M | ||
| Q2 25 | $-25.3M | $-21.4M | ||
| Q1 25 | $-15.2M | $-28.2M | ||
| Q4 24 | — | $-11.9M | ||
| Q3 24 | $-22.4M | $-23.0M | ||
| Q2 24 | $-22.3M | $-14.9M | ||
| Q1 24 | $-21.2M | $-24.3M |
| Q4 25 | -730.1% | -426.3% | ||
| Q3 25 | -654.4% | -670.0% | ||
| Q2 25 | -398.9% | -1045.5% | ||
| Q1 25 | -399.4% | -1363.2% | ||
| Q4 24 | -561.1% | -426.1% | ||
| Q3 24 | -593.2% | -1582.8% | ||
| Q2 24 | -530.8% | — | ||
| Q1 24 | -433.1% | — |
| Q4 25 | — | -365.3% | ||
| Q3 25 | -693.1% | -606.0% | ||
| Q2 25 | -390.7% | -954.2% | ||
| Q1 25 | -251.8% | -1257.8% | ||
| Q4 24 | — | -428.8% | ||
| Q3 24 | -482.0% | -1541.9% | ||
| Q2 24 | -438.9% | — | ||
| Q1 24 | -356.2% | — |
| Q4 25 | $-0.15 | $-1.13 | ||
| Q3 25 | $-0.14 | $-2.01 | ||
| Q2 25 | $-0.14 | $-3.24 | ||
| Q1 25 | $-0.08 | $-4.32 | ||
| Q4 24 | $-0.16 | $-1.82 | ||
| Q3 24 | $-0.13 | $-3.54 | ||
| Q2 24 | $-0.13 | $-2.29 | ||
| Q1 24 | $-0.12 | $-3.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $250.8M | $6.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $415.7M | $113.9M |
| Total Assets | $455.1M | $203.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.8M | $6.6M | ||
| Q3 25 | $251.2M | $5.8M | ||
| Q2 25 | $230.9M | $7.7M | ||
| Q1 25 | $240.9M | $15.4M | ||
| Q4 24 | $118.2M | $8.8M | ||
| Q3 24 | $132.0M | $6.7M | ||
| Q2 24 | $140.5M | $6.8M | ||
| Q1 24 | $146.6M | $5.5M |
| Q4 25 | $415.7M | $113.9M | ||
| Q3 25 | $381.2M | $120.4M | ||
| Q2 25 | $370.6M | $131.7M | ||
| Q1 25 | $397.1M | $144.9M | ||
| Q4 24 | $410.3M | $169.4M | ||
| Q3 24 | $439.4M | $176.3M | ||
| Q2 24 | $456.8M | $195.0M | ||
| Q1 24 | $479.4M | $205.8M |
| Q4 25 | $455.1M | $203.5M | ||
| Q3 25 | $416.1M | $211.8M | ||
| Q2 25 | $398.0M | $231.0M | ||
| Q1 25 | $419.4M | $237.4M | ||
| Q4 24 | $448.3M | $263.6M | ||
| Q3 24 | $470.9M | $272.6M | ||
| Q2 24 | $492.6M | $294.3M | ||
| Q1 24 | $516.2M | $306.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-18.4M | $-7.1M |
| Free Cash FlowOCF − Capex | $-23.0M | — |
| FCF MarginFCF / Revenue | -633.0% | — |
| Capex IntensityCapex / Revenue | 126.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-83.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.4M | $-7.1M | ||
| Q3 25 | $-14.3M | $-10.6M | ||
| Q2 25 | $-14.4M | $-14.8M | ||
| Q1 25 | $-26.3M | $-4.2M | ||
| Q4 24 | $-13.9M | $-10.6M | ||
| Q3 24 | $-9.9M | $-20.1M | ||
| Q2 24 | $-11.1M | $-10.6M | ||
| Q1 24 | $-29.1M | $-14.4M |
| Q4 25 | $-23.0M | — | ||
| Q3 25 | $-14.8M | — | ||
| Q2 25 | $-17.1M | — | ||
| Q1 25 | $-28.6M | — | ||
| Q4 24 | $-18.6M | — | ||
| Q3 24 | $-12.6M | — | ||
| Q2 24 | $-15.5M | — | ||
| Q1 24 | $-33.1M | — |
| Q4 25 | -633.0% | — | ||
| Q3 25 | -397.6% | — | ||
| Q2 25 | -264.2% | — | ||
| Q1 25 | -476.1% | — | ||
| Q4 24 | -416.5% | — | ||
| Q3 24 | -271.5% | — | ||
| Q2 24 | -305.8% | — | ||
| Q1 24 | -556.3% | — |
| Q4 25 | 126.5% | — | ||
| Q3 25 | 15.3% | — | ||
| Q2 25 | 41.5% | — | ||
| Q1 25 | 39.1% | — | ||
| Q4 24 | 105.5% | 0.0% | ||
| Q3 24 | 59.7% | 0.0% | ||
| Q2 24 | 86.8% | — | ||
| Q1 24 | 68.1% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
