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Side-by-side financial comparison of Super League Enterprise, Inc. (SLE) and Tonix Pharmaceuticals Holding Corp. (TNXP). Click either name above to swap in a different company.

Tonix Pharmaceuticals Holding Corp. is the larger business by last-quarter revenue ($5.4M vs $3.2M, roughly 1.7× Super League Enterprise, Inc.). Super League Enterprise, Inc. runs the higher net margin — -316.9% vs -870.3%, a 553.4% gap on every dollar of revenue. On growth, Tonix Pharmaceuticals Holding Corp. posted the faster year-over-year revenue change (108.8% vs -6.6%). Over the past eight quarters, Tonix Pharmaceuticals Holding Corp.'s revenue compounded faster (47.4% CAGR vs -12.8%).

Super League Enterprise, Inc. is a global gaming and esports entertainment firm that creates interactive live events, original content, and community experiences for casual and core gaming audiences. It runs competitive gaming leagues, brand partnership activations, and digital media platforms, serving North America, Europe, and key Asia-Pacific markets.

Tonix Pharmaceuticals is a pharmaceutical company based in Chatham, New Jersey that focuses on repurposed drugs for central nervous system conditions and as of 2020 was also pursuing a vaccine for COVID-19 and a biodefense project.

SLE vs TNXP — Head-to-Head

Bigger by revenue
TNXP
TNXP
1.7× larger
TNXP
$5.4M
$3.2M
SLE
Growing faster (revenue YoY)
TNXP
TNXP
+115.3% gap
TNXP
108.8%
-6.6%
SLE
Higher net margin
SLE
SLE
553.4% more per $
SLE
-316.9%
-870.3%
TNXP
Faster 2-yr revenue CAGR
TNXP
TNXP
Annualised
TNXP
47.4%
-12.8%
SLE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLE
SLE
TNXP
TNXP
Revenue
$3.2M
$5.4M
Net Profit
$-10.1M
$-46.9M
Gross Margin
31.5%
80.4%
Operating Margin
-100.8%
-895.8%
Net Margin
-316.9%
-870.3%
Revenue YoY
-6.6%
108.8%
Net Profit YoY
-91.8%
-112.2%
EPS (diluted)
$-4.28

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
SLE
SLE
TNXP
TNXP
Q4 25
$3.2M
$5.4M
Q3 25
$2.4M
$3.3M
Q2 25
$3.0M
$2.0M
Q1 25
$2.7M
$2.4M
Q4 24
$3.4M
$2.6M
Q3 24
$4.4M
$2.8M
Q2 24
$4.1M
$2.2M
Q1 24
$4.2M
$2.5M
Net Profit
SLE
SLE
TNXP
TNXP
Q4 25
$-10.1M
$-46.9M
Q3 25
$-3.6M
$-32.0M
Q2 25
$-2.8M
$-28.3M
Q1 25
$-4.2M
$-16.8M
Q4 24
$-5.3M
$-22.1M
Q3 24
$-3.6M
$-14.2M
Q2 24
$-2.5M
$-78.8M
Q1 24
$-5.3M
$-14.9M
Gross Margin
SLE
SLE
TNXP
TNXP
Q4 25
31.5%
80.4%
Q3 25
44.6%
58.4%
Q2 25
43.6%
-63.8%
Q1 25
44.0%
61.2%
Q4 24
29.2%
54.2%
Q3 24
38.9%
44.9%
Q2 24
40.0%
-52.5%
Q1 24
41.1%
33.1%
Operating Margin
SLE
SLE
TNXP
TNXP
Q4 25
-100.8%
-895.8%
Q3 25
-125.9%
-1005.1%
Q2 25
-104.8%
-1416.2%
Q1 25
-133.6%
-660.9%
Q4 24
-134.4%
-870.6%
Q3 24
-77.9%
-551.2%
Q2 24
-99.4%
-3501.6%
Q1 24
-109.4%
-860.2%
Net Margin
SLE
SLE
TNXP
TNXP
Q4 25
-316.9%
-870.3%
Q3 25
-147.0%
-972.9%
Q2 25
-92.7%
-1415.0%
Q1 25
-155.6%
-692.8%
Q4 24
-154.3%
-856.2%
Q3 24
-82.0%
-503.6%
Q2 24
-59.6%
-3567.8%
Q1 24
-125.0%
-601.9%
EPS (diluted)
SLE
SLE
TNXP
TNXP
Q4 25
$-4.28
Q3 25
$-2.65
$-3.59
Q2 25
$-3.86
Q1 25
$-2.84
Q4 24
$2302.65
Q3 24
$-21.47
$-22.68
Q2 24
$-1920.85
Q1 24
$-535.72

Balance Sheet & Financial Strength

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

Metric
SLE
SLE
TNXP
TNXP
Cash + ST InvestmentsLiquidity on hand
$14.4M
$207.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.5M
$245.2M
Total Assets
$21.9M
$277.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLE
SLE
TNXP
TNXP
Q4 25
$14.4M
$207.6M
Q3 25
$1.1M
$190.1M
Q2 25
$475.0K
$125.3M
Q1 25
$747.0K
$131.7M
Q4 24
$1.3M
$98.8M
Q3 24
$289.0K
$28.2M
Q2 24
$1.7M
$4.2M
Q1 24
$3.3M
$7.0M
Total Debt
SLE
SLE
TNXP
TNXP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$8.7M
Q3 24
$9.4M
Q2 24
$10.1M
Q1 24
$10.8M
Stockholders' Equity
SLE
SLE
TNXP
TNXP
Q4 25
$17.5M
$245.2M
Q3 25
$-2.0M
$231.1M
Q2 25
$-4.1M
$168.0M
Q1 25
$-3.5M
$180.4M
Q4 24
$170.0K
$139.6M
Q3 24
$3.5M
$74.2M
Q2 24
$5.1M
$42.1M
Q1 24
$6.0M
$108.1M
Total Assets
SLE
SLE
TNXP
TNXP
Q4 25
$21.9M
$277.2M
Q3 25
$8.7M
$252.4M
Q2 25
$8.5M
$187.4M
Q1 25
$9.8M
$192.9M
Q4 24
$11.7M
$162.9M
Q3 24
$12.6M
$95.0M
Q2 24
$15.4M
$70.3M
Q1 24
$18.6M
$135.3M
Debt / Equity
SLE
SLE
TNXP
TNXP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.06×
Q3 24
0.13×
Q2 24
0.24×
Q1 24
0.10×

Cash Flow & Capital Efficiency

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

Metric
SLE
SLE
TNXP
TNXP
Operating Cash FlowLast quarter
$-3.9M
$-39.6M
Free Cash FlowOCF − Capex
$-41.5M
FCF MarginFCF / Revenue
-770.4%
Capex IntensityCapex / Revenue
34.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-103.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLE
SLE
TNXP
TNXP
Q4 25
$-3.9M
$-39.6M
Q3 25
$-2.8M
$-28.8M
Q2 25
$-1.8M
$-14.8M
Q1 25
$-2.2M
$-16.6M
Q4 24
$-3.3M
$-14.6M
Q3 24
$-2.1M
$-18.8M
Q2 24
$-2.3M
$-9.9M
Q1 24
$-3.7M
$-17.6M
Free Cash Flow
SLE
SLE
TNXP
TNXP
Q4 25
$-41.5M
Q3 25
$-29.7M
Q2 25
$-15.4M
Q1 25
$-16.6M
Q4 24
$-14.6M
Q3 24
$-2.1M
$-18.8M
Q2 24
Q1 24
$-17.7M
FCF Margin
SLE
SLE
TNXP
TNXP
Q4 25
-770.4%
Q3 25
-904.1%
Q2 25
-768.8%
Q1 25
-682.8%
Q4 24
-566.7%
Q3 24
-48.1%
-666.5%
Q2 24
Q1 24
-712.4%
Capex Intensity
SLE
SLE
TNXP
TNXP
Q4 25
34.8%
Q3 25
29.2%
Q2 25
26.4%
Q1 25
0.2%
Q4 24
0.0%
0.1%
Q3 24
0.5%
0.3%
Q2 24
0.0%
0.0%
Q1 24
0.0%
4.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLE
SLE

Advertising And Sponsorships$1.8M57%
Publishing And Content Studio$1.4M43%

TNXP
TNXP

Zembrace Symtouch$3.1M58%
Other$2.3M42%

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