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Side-by-side financial comparison of SOLESENCE, INC. (SLSN) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $12.5M, roughly 1.3× SOLESENCE, INC.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -176.6%, a 177.9% gap on every dollar of revenue. On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -26.9%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% CAGR vs -32.6%).
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
SLSN vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $15.8M |
| Net Profit | $163.0K | $-28.0M |
| Gross Margin | 27.5% | 40.2% |
| Operating Margin | 1.5% | -164.1% |
| Net Margin | 1.3% | -176.6% |
| Revenue YoY | -0.7% | -26.9% |
| Net Profit YoY | 129.2% | 42.7% |
| EPS (diluted) | $0.00 | $-0.85 |
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 | $12.5M | $15.8M | ||
| Q3 25 | $14.6M | $12.7M | ||
| Q2 25 | $20.4M | $19.2M | ||
| Q1 25 | $14.6M | $23.9M | ||
| Q4 24 | $12.6M | $21.7M | ||
| Q3 24 | $16.9M | $28.6M | ||
| Q2 24 | $13.0M | $25.4M | ||
| Q1 24 | $9.9M | $34.8M |
| Q4 25 | $163.0K | $-28.0M | ||
| Q3 25 | $-1.1M | $-19.7M | ||
| Q2 25 | $2.7M | $119.6M | ||
| Q1 25 | $80.0K | $-20.7M | ||
| Q4 24 | $-559.0K | $-48.8M | ||
| Q3 24 | $3.0M | $-12.5M | ||
| Q2 24 | $856.0K | $-16.6M | ||
| Q1 24 | $893.0K | $-25.5M |
| Q4 25 | 27.5% | 40.2% | ||
| Q3 25 | 23.1% | 36.6% | ||
| Q2 25 | 28.9% | 48.9% | ||
| Q1 25 | 23.1% | 36.8% | ||
| Q4 24 | 22.0% | 32.4% | ||
| Q3 24 | 36.2% | 44.5% | ||
| Q2 24 | 28.7% | 43.0% | ||
| Q1 24 | 36.3% | 26.5% |
| Q4 25 | 1.5% | -164.1% | ||
| Q3 25 | -5.4% | -166.1% | ||
| Q2 25 | 9.4% | -122.7% | ||
| Q1 25 | 1.8% | -106.5% | ||
| Q4 24 | -1.8% | -144.1% | ||
| Q3 24 | 19.0% | -48.0% | ||
| Q2 24 | 8.0% | -48.6% | ||
| Q1 24 | 11.3% | -34.4% |
| Q4 25 | 1.3% | -176.6% | ||
| Q3 25 | -7.7% | -155.3% | ||
| Q2 25 | 13.1% | 623.4% | ||
| Q1 25 | 0.5% | -86.5% | ||
| Q4 24 | -4.4% | -225.2% | ||
| Q3 24 | 18.1% | -43.7% | ||
| Q2 24 | 6.6% | -65.2% | ||
| Q1 24 | 9.0% | -73.3% |
| Q4 25 | $0.00 | $-0.85 | ||
| Q3 25 | $-0.02 | $-0.61 | ||
| Q2 25 | $0.04 | $3.72 | ||
| Q1 25 | $0.00 | $-0.77 | ||
| Q4 24 | $0.00 | $-1.93 | ||
| Q3 24 | $0.04 | $-0.50 | ||
| Q2 24 | $0.01 | $-0.68 | ||
| Q1 24 | $0.02 | $-1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3M | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.6M | $112.9M |
| Total Assets | $50.1M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3M | $81.8M | ||
| Q3 25 | $429.0K | $96.8M | ||
| Q2 25 | $4.1M | $117.6M | ||
| Q1 25 | $1.8M | $35.9M | ||
| Q4 24 | $1.4M | $19.2M | ||
| Q3 24 | $2.9M | $36.6M | ||
| Q2 24 | $2.4M | $45.8M | ||
| Q1 24 | $2.0M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $17.6M | $112.9M | ||
| Q3 25 | $17.2M | $133.1M | ||
| Q2 25 | $18.2M | $149.2M | ||
| Q1 25 | $15.2M | $3.7M | ||
| Q4 24 | $14.9M | $-11.7M | ||
| Q3 24 | $15.2M | $30.8M | ||
| Q2 24 | $11.9M | $40.3M | ||
| Q1 24 | $5.0M | $52.5M |
| Q4 25 | $50.1M | $211.0M | ||
| Q3 25 | $54.0M | $224.3M | ||
| Q2 25 | $60.0M | $239.5M | ||
| Q1 25 | $57.0M | $208.8M | ||
| Q4 24 | $50.0M | $193.6M | ||
| Q3 24 | $48.0M | $224.2M | ||
| Q2 24 | $40.8M | $230.8M | ||
| Q1 24 | $38.5M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $1.8M | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | — | 75.1% |
| Cash ConversionOCF / Net Profit | 11.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8M | $-4.3M | ||
| Q3 25 | $-2.5M | $-12.0M | ||
| Q2 25 | $-654.0K | $-35.1M | ||
| Q1 25 | $-7.2M | $-8.4M | ||
| Q4 24 | $2.2M | $-19.2M | ||
| Q3 24 | $4.2M | $14.0M | ||
| Q2 24 | $-565.0K | $-4.4M | ||
| Q1 24 | $-3.9M | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | $-404.0K | $-24.3M | ||
| Q3 24 | $2.8M | $5.1M | ||
| Q2 24 | $-1.0M | $-9.9M | ||
| Q1 24 | $-3.9M | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | -3.2% | -112.2% | ||
| Q3 24 | 16.6% | 17.8% | ||
| Q2 24 | -8.0% | -39.0% | ||
| Q1 24 | -39.9% | -45.7% |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | 20.6% | 23.5% | ||
| Q3 24 | 8.3% | 31.2% | ||
| Q2 24 | 3.7% | 21.8% | ||
| Q1 24 | 0.9% | 20.3% |
| Q4 25 | 11.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.25× | -0.29× | ||
| Q1 25 | -90.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | -0.66× | — | ||
| Q1 24 | -4.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
