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Side-by-side financial comparison of SOLENO THERAPEUTICS INC (SLNO) and Townsquare Media, Inc. (TSQ). Click either name above to swap in a different company.

Townsquare Media, Inc. is the larger business by last-quarter revenue ($106.5M vs $66.0M, roughly 1.6× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs -4.9%, a 44.3% gap on every dollar of revenue. SOLENO THERAPEUTICS INC produced more free cash flow last quarter ($43.5M vs $9.2M).

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.

Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of June 2024, Townsquare was the third-largest AM–FM operator in the country, owning 349 radio stations in 74 markets.

SLNO vs TSQ — Head-to-Head

Bigger by revenue
TSQ
TSQ
1.6× larger
TSQ
$106.5M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
44.3% more per $
SLNO
39.4%
-4.9%
TSQ
More free cash flow
SLNO
SLNO
$34.3M more FCF
SLNO
$43.5M
$9.2M
TSQ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SLNO
SLNO
TSQ
TSQ
Revenue
$66.0M
$106.5M
Net Profit
$26.0M
$-5.2M
Gross Margin
98.3%
24.1%
Operating Margin
33.5%
9.5%
Net Margin
39.4%
-4.9%
Revenue YoY
-9.6%
Net Profit YoY
134.0%
-121.2%
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
TSQ
TSQ
Q4 25
$106.5M
Q3 25
$66.0M
$106.8M
Q2 25
$32.7M
$115.4M
Q1 25
$98.7M
Q4 24
$117.8M
Q3 24
$115.3M
Q2 24
$118.2M
Q1 24
$99.6M
Net Profit
SLNO
SLNO
TSQ
TSQ
Q4 25
$-5.2M
Q3 25
$26.0M
$-5.9M
Q2 25
$-4.7M
$1.6M
Q1 25
$-2.0M
Q4 24
$24.6M
Q3 24
$10.8M
Q2 24
$-49.2M
Q1 24
$1.1M
Gross Margin
SLNO
SLNO
TSQ
TSQ
Q4 25
24.1%
Q3 25
98.3%
26.2%
Q2 25
97.9%
28.3%
Q1 25
23.2%
Q4 24
31.6%
Q3 24
27.3%
Q2 24
27.7%
Q1 24
22.8%
Operating Margin
SLNO
SLNO
TSQ
TSQ
Q4 25
9.5%
Q3 25
33.5%
5.6%
Q2 25
-20.0%
18.2%
Q1 25
7.2%
Q4 24
18.1%
Q3 24
13.1%
Q2 24
-18.1%
Q1 24
6.7%
Net Margin
SLNO
SLNO
TSQ
TSQ
Q4 25
-4.9%
Q3 25
39.4%
-5.5%
Q2 25
-14.4%
1.4%
Q1 25
-2.0%
Q4 24
20.8%
Q3 24
9.4%
Q2 24
-41.7%
Q1 24
1.1%
EPS (diluted)
SLNO
SLNO
TSQ
TSQ
Q4 25
Q3 25
$0.47
$-0.36
Q2 25
$-0.09
$0.09
Q1 25
$-0.12
Q4 24
$1.76
Q3 24
$0.63
Q2 24
$-3.26
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
SLNO
SLNO
TSQ
TSQ
Cash + ST InvestmentsLiquidity on hand
$498.9M
$4.8M
Total DebtLower is stronger
$433.0M
Stockholders' EquityBook value
$494.8M
$-41.0M
Total Assets
$599.9M
$528.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNO
SLNO
TSQ
TSQ
Q4 25
$4.8M
Q3 25
$498.9M
$3.2M
Q2 25
$286.8M
$3.2M
Q1 25
$5.5M
Q4 24
$33.0M
Q3 24
$21.8M
Q2 24
$28.5M
Q1 24
$56.6M
Total Debt
SLNO
SLNO
TSQ
TSQ
Q4 25
$433.0M
Q3 25
$437.6M
Q2 25
$439.7M
Q1 25
$448.4M
Q4 24
$465.8M
Q3 24
$476.7M
Q2 24
$487.1M
Q1 24
$500.1M
Stockholders' Equity
SLNO
SLNO
TSQ
TSQ
Q4 25
$-41.0M
Q3 25
$494.8M
$-34.0M
Q2 25
$240.1M
$-27.1M
Q1 25
$-26.8M
Q4 24
$-28.4M
Q3 24
$-52.5M
Q2 24
$-64.1M
Q1 24
$1.8M
Total Assets
SLNO
SLNO
TSQ
TSQ
Q4 25
$528.6M
Q3 25
$599.9M
$539.2M
Q2 25
$332.3M
$545.7M
Q1 25
$544.5M
Q4 24
$580.4M
Q3 24
$565.4M
Q2 24
$579.6M
Q1 24
$636.7M
Debt / Equity
SLNO
SLNO
TSQ
TSQ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
271.80×

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
TSQ
TSQ
Operating Cash FlowLast quarter
$43.5M
$12.6M
Free Cash FlowOCF − Capex
$43.5M
$9.2M
FCF MarginFCF / Revenue
65.8%
8.6%
Capex IntensityCapex / Revenue
0.0%
3.2%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters
$15.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNO
SLNO
TSQ
TSQ
Q4 25
$12.6M
Q3 25
$43.5M
$7.9M
Q2 25
$-12.6M
$10.2M
Q1 25
$-66.0K
Q4 24
$28.2M
Q3 24
$9.9M
Q2 24
$9.0M
Q1 24
$1.7M
Free Cash Flow
SLNO
SLNO
TSQ
TSQ
Q4 25
$9.2M
Q3 25
$43.5M
$4.3M
Q2 25
$-12.6M
$6.4M
Q1 25
$-4.5M
Q4 24
$24.5M
Q3 24
$4.8M
Q2 24
$4.8M
Q1 24
$-2.8M
FCF Margin
SLNO
SLNO
TSQ
TSQ
Q4 25
8.6%
Q3 25
65.8%
4.1%
Q2 25
-38.6%
5.5%
Q1 25
-4.6%
Q4 24
20.8%
Q3 24
4.1%
Q2 24
4.0%
Q1 24
-2.8%
Capex Intensity
SLNO
SLNO
TSQ
TSQ
Q4 25
3.2%
Q3 25
0.0%
3.3%
Q2 25
0.0%
3.3%
Q1 25
4.5%
Q4 24
3.1%
Q3 24
4.4%
Q2 24
3.6%
Q1 24
4.4%
Cash Conversion
SLNO
SLNO
TSQ
TSQ
Q4 25
Q3 25
1.67×
Q2 25
6.51×
Q1 25
Q4 24
1.15×
Q3 24
0.91×
Q2 24
Q1 24
1.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLNO
SLNO

Segment breakdown not available.

TSQ
TSQ

Broadcast Advertising Segment$46.4M44%
Digital Advertising Segment$41.7M39%
Subscription Digital Marketing Solutions Segment$18.4M17%

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