vs

Side-by-side financial comparison of SOLENO THERAPEUTICS INC (SLNO) and Telesat Corp (TSAT). Click either name above to swap in a different company.

Telesat Corp is the larger business by last-quarter revenue ($73.8M vs $66.0M, roughly 1.1× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs -119.8%, a 159.2% gap on every dollar of revenue.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

SLNO vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.1× larger
TSAT
$73.8M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
159.2% more per $
SLNO
39.4%
-119.8%
TSAT

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
SLNO
SLNO
TSAT
TSAT
Revenue
$66.0M
$73.8M
Net Profit
$26.0M
$-88.4M
Gross Margin
98.3%
95.3%
Operating Margin
33.5%
5.9%
Net Margin
39.4%
-119.8%
Revenue YoY
Net Profit YoY
134.0%
EPS (diluted)
$0.47

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
SLNO
SLNO
TSAT
TSAT
Q3 25
$66.0M
$73.8M
Q2 25
$32.7M
$77.5M
Q1 25
$152.2M
Q2 24
$363.2M
Q3 23
$552.5M
Q2 23
$372.4M
Q1 23
$185.8M
Q3 22
$570.7M
Net Profit
SLNO
SLNO
TSAT
TSAT
Q3 25
$26.0M
$-88.4M
Q2 25
$-4.7M
$55.1M
Q1 25
$-52.3M
Q2 24
$547.4M
Q3 23
$-172.5M
Q2 23
$56.3M
Q1 23
$60.6M
Q3 22
$42.1M
Gross Margin
SLNO
SLNO
TSAT
TSAT
Q3 25
98.3%
95.3%
Q2 25
97.9%
95.9%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Operating Margin
SLNO
SLNO
TSAT
TSAT
Q3 25
33.5%
5.9%
Q2 25
-20.0%
16.8%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Net Margin
SLNO
SLNO
TSAT
TSAT
Q3 25
39.4%
-119.8%
Q2 25
-14.4%
71.2%
Q1 25
-34.4%
Q2 24
150.7%
Q3 23
-31.2%
Q2 23
15.1%
Q1 23
32.6%
Q3 22
7.4%
EPS (diluted)
SLNO
SLNO
TSAT
TSAT
Q3 25
$0.47
Q2 25
$-0.09
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22

Balance Sheet & Financial Strength

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

Metric
SLNO
SLNO
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$498.9M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$494.8M
$1.6B
Total Assets
$599.9M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNO
SLNO
TSAT
TSAT
Q3 25
$498.9M
$352.3M
Q2 25
$286.8M
$399.6M
Q1 25
$552.1M
Q2 24
$1.7B
Q3 23
$1.7B
Q2 23
$1.7B
Q1 23
$1.7B
Q3 22
$1.4B
Stockholders' Equity
SLNO
SLNO
TSAT
TSAT
Q3 25
$494.8M
$1.6B
Q2 25
$240.1M
$1.7B
Q1 25
$2.5B
Q2 24
$2.4B
Q3 23
$1.8B
Q2 23
$1.8B
Q1 23
$1.8B
Q3 22
$1.7B
Total Assets
SLNO
SLNO
TSAT
TSAT
Q3 25
$599.9M
$5.1B
Q2 25
$332.3M
$4.9B
Q1 25
$6.9B
Q2 24
$6.3B
Q3 23
$6.5B
Q2 23
$6.5B
Q1 23
$6.5B
Q3 22
$6.4B

Cash Flow & Capital Efficiency

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

Metric
SLNO
SLNO
TSAT
TSAT
Operating Cash FlowLast quarter
$43.5M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNO
SLNO
TSAT
TSAT
Q3 25
$43.5M
Q2 25
$-12.6M
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Free Cash Flow
SLNO
SLNO
TSAT
TSAT
Q3 25
$43.5M
Q2 25
$-12.6M
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
FCF Margin
SLNO
SLNO
TSAT
TSAT
Q3 25
65.8%
Q2 25
-38.6%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Capex Intensity
SLNO
SLNO
TSAT
TSAT
Q3 25
0.0%
Q2 25
0.0%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Cash Conversion
SLNO
SLNO
TSAT
TSAT
Q3 25
1.67×
Q2 25
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22

Financial Flow Comparison

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

Related Comparisons