vs
Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and Taysha Gene Therapies, Inc. (TSHA). Click either name above to swap in a different company.
Soluna Holdings, Inc is the larger business by last-quarter revenue ($8.4M vs $5.5M, roughly 1.5× Taysha Gene Therapies, Inc.). Soluna Holdings, Inc runs the higher net margin — -284.7% vs -507.8%, a 223.1% gap on every dollar of revenue. On growth, Taysha Gene Therapies, Inc. posted the faster year-over-year revenue change (171.3% vs 11.8%). Over the past eight quarters, Taysha Gene Therapies, Inc.'s revenue compounded faster (26.8% CAGR vs -8.8%).
Taysha Gene Therapies, Inc. is a clinical-stage biotechnology company specializing in developing adeno-associated virus (AAV)-based gene therapies for rare monogenic central nervous system disorders with high unmet medical needs. Its core pipeline targets serious life-threatening neurological conditions, with primary operations and market focus across North America and European regions.
SLNH vs TSHA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $5.5M |
| Net Profit | $-24.0M | $-27.9M |
| Gross Margin | 9.5% | — |
| Operating Margin | -92.5% | -516.0% |
| Net Margin | -284.7% | -507.8% |
| Revenue YoY | 11.8% | 171.3% |
| Net Profit YoY | -233.2% | -48.3% |
| EPS (diluted) | $-1.14 | $-0.08 |
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 | — | $5.5M | ||
| Q3 25 | $8.4M | $0 | ||
| Q2 25 | $6.2M | $2.0M | ||
| Q1 25 | $5.9M | $2.3M | ||
| Q4 24 | $8.3M | $2.0M | ||
| Q3 24 | $7.5M | $1.8M | ||
| Q2 24 | $9.7M | $1.1M | ||
| Q1 24 | $12.5M | $3.4M |
| Q4 25 | — | $-27.9M | ||
| Q3 25 | $-24.0M | $-32.7M | ||
| Q2 25 | $-7.4M | $-26.9M | ||
| Q1 25 | $-7.6M | $-21.5M | ||
| Q4 24 | $-40.0M | $-18.8M | ||
| Q3 24 | $-7.2M | $-25.5M | ||
| Q2 24 | $-10.9M | $-20.9M | ||
| Q1 24 | $-5.3M | $-24.1M |
| Q4 25 | — | — | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | -360.8% | — | ||
| Q3 24 | -39.1% | — | ||
| Q2 24 | 34.6% | — | ||
| Q1 24 | 45.4% | — |
| Q4 25 | — | -516.0% | ||
| Q3 25 | -92.5% | — | ||
| Q2 25 | -107.6% | -1347.1% | ||
| Q1 25 | -120.9% | -930.5% | ||
| Q4 24 | -426.0% | -985.8% | ||
| Q3 24 | -119.8% | -1448.4% | ||
| Q2 24 | -38.0% | -1915.4% | ||
| Q1 24 | 3.2% | -713.3% |
| Q4 25 | — | -507.8% | ||
| Q3 25 | -284.7% | — | ||
| Q2 25 | -119.9% | -1353.6% | ||
| Q1 25 | -127.3% | -935.2% | ||
| Q4 24 | -483.8% | -929.0% | ||
| Q3 24 | -95.5% | -1427.5% | ||
| Q2 24 | -112.4% | -1882.0% | ||
| Q1 24 | -41.9% | -705.4% |
| Q4 25 | — | $-0.08 | ||
| Q3 25 | $-1.14 | $-0.09 | ||
| Q2 25 | $-0.93 | $-0.09 | ||
| Q1 25 | $-1.21 | $-0.08 | ||
| Q4 24 | $-7.14 | $-0.07 | ||
| Q3 24 | $-1.56 | $-0.10 | ||
| Q2 24 | $-3.62 | $-0.09 | ||
| Q1 24 | $-2.62 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $319.8M |
| Total DebtLower is stronger | $13.3M | — |
| Stockholders' EquityBook value | $14.5M | $246.9M |
| Total Assets | $152.0M | $343.3M |
| Debt / EquityLower = less leverage | 0.92× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $319.8M | ||
| Q3 25 | — | $297.3M | ||
| Q2 25 | — | $312.8M | ||
| Q1 25 | — | $116.6M | ||
| Q4 24 | — | $139.0M | ||
| Q3 24 | — | $157.7M | ||
| Q2 24 | — | $172.7M | ||
| Q1 24 | — | $124.0M |
| Q4 25 | — | — | ||
| Q3 25 | $13.3M | — | ||
| Q2 25 | $10.0M | — | ||
| Q1 25 | $10.2M | — | ||
| Q4 24 | $7.1M | — | ||
| Q3 24 | $8.1M | — | ||
| Q2 24 | $9.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $246.9M | ||
| Q3 25 | $14.5M | $219.0M | ||
| Q2 25 | $-19.5M | $248.7M | ||
| Q1 25 | $-16.1M | $55.1M | ||
| Q4 24 | $-12.5M | $71.5M | ||
| Q3 24 | $20.9M | $88.8M | ||
| Q2 24 | $24.4M | $108.9M | ||
| Q1 24 | $21.5M | $53.8M |
| Q4 25 | — | $343.3M | ||
| Q3 25 | $152.0M | $316.6M | ||
| Q2 25 | $92.0M | $333.3M | ||
| Q1 25 | $90.0M | $138.4M | ||
| Q4 24 | $88.0M | $160.4M | ||
| Q3 24 | $97.3M | $180.2M | ||
| Q2 24 | $98.7M | $200.4M | ||
| Q1 24 | $90.6M | $153.0M |
| Q4 25 | — | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | — | — |
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 | $-2.2M | $-26.7M |
| Free Cash FlowOCF − Capex | $-6.8M | — |
| FCF MarginFCF / Revenue | -81.4% | — |
| Capex IntensityCapex / Revenue | 55.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-26.7M | ||
| Q3 25 | $-2.2M | $-24.2M | ||
| Q2 25 | $-1.1M | $-20.2M | ||
| Q1 25 | $-177.0K | $-22.0M | ||
| Q4 24 | $-5.1M | $-18.3M | ||
| Q3 24 | $61.0K | $-21.6M | ||
| Q2 24 | $-7.3M | $-21.5M | ||
| Q1 24 | $3.9M | $-19.8M |
| Q4 25 | — | — | ||
| Q3 25 | $-6.8M | $-24.3M | ||
| Q2 25 | $-9.7M | — | ||
| Q1 25 | $-4.0M | — | ||
| Q4 24 | $-13.9M | $-18.3M | ||
| Q3 24 | $-3.4M | $-21.6M | ||
| Q2 24 | $-7.6M | $-21.7M | ||
| Q1 24 | $3.3M | $-19.9M |
| Q4 25 | — | — | ||
| Q3 25 | -81.4% | — | ||
| Q2 25 | -156.8% | — | ||
| Q1 25 | -67.1% | — | ||
| Q4 24 | -168.3% | -905.5% | ||
| Q3 24 | -44.8% | -1210.9% | ||
| Q2 24 | -78.2% | -1951.9% | ||
| Q1 24 | 26.5% | -584.5% |
| Q4 25 | — | — | ||
| Q3 25 | 55.2% | — | ||
| Q2 25 | 139.0% | — | ||
| Q1 25 | 64.2% | — | ||
| Q4 24 | 107.0% | 0.1% | ||
| Q3 24 | 45.6% | 2.0% | ||
| Q2 24 | 2.5% | 18.1% | ||
| Q1 24 | 4.2% | 4.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
TSHA
Segment breakdown not available.
