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Side-by-side financial comparison of Solid Power, Inc. (SLDP) and TIAN RUIXIANG HOLDINGS LTD (TIRX). Click either name above to swap in a different company.

Solid Power, Inc. is the larger business by last-quarter revenue ($3.6M vs $2.0M, roughly 1.8× TIAN RUIXIANG HOLDINGS LTD). On growth, Solid Power, Inc. posted the faster year-over-year revenue change (-18.6% vs -35.8%). TIAN RUIXIANG HOLDINGS LTD produced more free cash flow last quarter ($263.1K vs $-23.0M).

Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.

Tian Ruixiang Holdings Ltd is a China-based insurance intermediary service provider. It distributes various insurance products including property insurance, casualty insurance and life insurance from multiple partner insurance carriers, catering to both individual and corporate clients mainly across regional markets in mainland China.

SLDP vs TIRX — Head-to-Head

Bigger by revenue
SLDP
SLDP
1.8× larger
SLDP
$3.6M
$2.0M
TIRX
Growing faster (revenue YoY)
SLDP
SLDP
+17.2% gap
SLDP
-18.6%
-35.8%
TIRX
More free cash flow
TIRX
TIRX
$23.2M more FCF
TIRX
$263.1K
$-23.0M
SLDP

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
SLDP
SLDP
TIRX
TIRX
Revenue
$3.6M
$2.0M
Net Profit
$-248.3K
Gross Margin
85.6%
Operating Margin
-730.1%
-6.7%
Net Margin
-12.3%
Revenue YoY
-18.6%
-35.8%
Net Profit YoY
-159.3%
EPS (diluted)
$-0.15
$-0.02

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
SLDP
SLDP
TIRX
TIRX
Q4 25
$3.6M
Q3 25
$3.7M
Q2 25
$6.5M
$2.0M
Q1 25
$6.0M
Q4 24
$4.5M
Q3 24
$4.7M
Q2 24
$5.1M
$3.1M
Q1 24
$6.0M
Net Profit
SLDP
SLDP
TIRX
TIRX
Q4 25
Q3 25
$-25.9M
Q2 25
$-25.3M
$-248.3K
Q1 25
$-15.2M
Q4 24
Q3 24
$-22.4M
Q2 24
$-22.3M
$418.9K
Q1 24
$-21.2M
Gross Margin
SLDP
SLDP
TIRX
TIRX
Q4 25
Q3 25
Q2 25
85.6%
Q1 25
Q4 24
Q3 24
Q2 24
89.7%
Q1 24
Operating Margin
SLDP
SLDP
TIRX
TIRX
Q4 25
-730.1%
Q3 25
-654.4%
Q2 25
-398.9%
-6.7%
Q1 25
-399.4%
Q4 24
-561.1%
Q3 24
-593.2%
Q2 24
-530.8%
18.6%
Q1 24
-433.1%
Net Margin
SLDP
SLDP
TIRX
TIRX
Q4 25
Q3 25
-693.1%
Q2 25
-390.7%
-12.3%
Q1 25
-251.8%
Q4 24
Q3 24
-482.0%
Q2 24
-438.9%
13.4%
Q1 24
-356.2%
EPS (diluted)
SLDP
SLDP
TIRX
TIRX
Q4 25
$-0.15
Q3 25
$-0.14
Q2 25
$-0.14
$-0.02
Q1 25
$-0.08
Q4 24
$-0.16
Q3 24
$-0.13
Q2 24
$-0.13
$0.01
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
SLDP
SLDP
TIRX
TIRX
Cash + ST InvestmentsLiquidity on hand
$250.8M
$28.0M
Total DebtLower is stronger
$3.5M
Stockholders' EquityBook value
$415.7M
$-16.1M
Total Assets
$455.1M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLDP
SLDP
TIRX
TIRX
Q4 25
$250.8M
Q3 25
$251.2M
Q2 25
$230.9M
$28.0M
Q1 25
$240.9M
Q4 24
$118.2M
Q3 24
$132.0M
Q2 24
$140.5M
$27.5M
Q1 24
$146.6M
Total Debt
SLDP
SLDP
TIRX
TIRX
Q4 25
Q3 25
Q2 25
$3.5M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SLDP
SLDP
TIRX
TIRX
Q4 25
$415.7M
Q3 25
$381.2M
Q2 25
$370.6M
$-16.1M
Q1 25
$397.1M
Q4 24
$410.3M
Q3 24
$439.4M
Q2 24
$456.8M
$32.3M
Q1 24
$479.4M
Total Assets
SLDP
SLDP
TIRX
TIRX
Q4 25
$455.1M
Q3 25
$416.1M
Q2 25
$398.0M
$6.0M
Q1 25
$419.4M
Q4 24
$448.3M
Q3 24
$470.9M
Q2 24
$492.6M
$38.0M
Q1 24
$516.2M

Cash Flow & Capital Efficiency

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

Metric
SLDP
SLDP
TIRX
TIRX
Operating Cash FlowLast quarter
$-18.4M
$263.7K
Free Cash FlowOCF − Capex
$-23.0M
$263.1K
FCF MarginFCF / Revenue
-633.0%
13.1%
Capex IntensityCapex / Revenue
126.5%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-83.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLDP
SLDP
TIRX
TIRX
Q4 25
$-18.4M
Q3 25
$-14.3M
Q2 25
$-14.4M
$263.7K
Q1 25
$-26.3M
Q4 24
$-13.9M
Q3 24
$-9.9M
Q2 24
$-11.1M
$-646.8K
Q1 24
$-29.1M
Free Cash Flow
SLDP
SLDP
TIRX
TIRX
Q4 25
$-23.0M
Q3 25
$-14.8M
Q2 25
$-17.1M
$263.1K
Q1 25
$-28.6M
Q4 24
$-18.6M
Q3 24
$-12.6M
Q2 24
$-15.5M
Q1 24
$-33.1M
FCF Margin
SLDP
SLDP
TIRX
TIRX
Q4 25
-633.0%
Q3 25
-397.6%
Q2 25
-264.2%
13.1%
Q1 25
-476.1%
Q4 24
-416.5%
Q3 24
-271.5%
Q2 24
-305.8%
Q1 24
-556.3%
Capex Intensity
SLDP
SLDP
TIRX
TIRX
Q4 25
126.5%
Q3 25
15.3%
Q2 25
41.5%
0.0%
Q1 25
39.1%
Q4 24
105.5%
Q3 24
59.7%
Q2 24
86.8%
Q1 24
68.1%
Cash Conversion
SLDP
SLDP
TIRX
TIRX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-1.54×
Q1 24

Financial Flow Comparison

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

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