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Side-by-side financial comparison of SOLESENCE, INC. (SLSN) and SUTRO BIOPHARMA, INC. (STRO). Click either name above to swap in a different company.

SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $11.6M, roughly 1.1× SUTRO BIOPHARMA, INC.). On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -21.4%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% CAGR vs -5.4%).

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

SLSN vs STRO — Head-to-Head

Bigger by revenue
SLSN
SLSN
1.1× larger
SLSN
$12.5M
$11.6M
STRO
Growing faster (revenue YoY)
SLSN
SLSN
+20.7% gap
SLSN
-0.7%
-21.4%
STRO
Faster 2-yr revenue CAGR
SLSN
SLSN
Annualised
SLSN
12.5%
-5.4%
STRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLSN
SLSN
STRO
STRO
Revenue
$12.5M
$11.6M
Net Profit
$163.0K
Gross Margin
27.5%
Operating Margin
1.5%
Net Margin
1.3%
Revenue YoY
-0.7%
-21.4%
Net Profit YoY
129.2%
35.4%
EPS (diluted)
$0.00

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
SLSN
SLSN
STRO
STRO
Q4 25
$12.5M
$11.6M
Q3 25
$14.6M
$9.7M
Q2 25
$20.4M
$63.7M
Q1 25
$14.6M
$17.4M
Q4 24
$12.6M
$14.8M
Q3 24
$16.9M
$8.5M
Q2 24
$13.0M
$25.7M
Q1 24
$9.9M
$13.0M
Net Profit
SLSN
SLSN
STRO
STRO
Q4 25
$163.0K
Q3 25
$-1.1M
$-56.9M
Q2 25
$2.7M
$-11.5M
Q1 25
$80.0K
$-76.0M
Q4 24
$-559.0K
$-72.4M
Q3 24
$3.0M
$-48.8M
Q2 24
$856.0K
$-48.0M
Q1 24
$893.0K
$-58.2M
Gross Margin
SLSN
SLSN
STRO
STRO
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
SLSN
SLSN
STRO
STRO
Q4 25
1.5%
Q3 25
-5.4%
-499.9%
Q2 25
9.4%
-5.2%
Q1 25
1.8%
-393.8%
Q4 24
-1.8%
-440.7%
Q3 24
19.0%
-797.2%
Q2 24
8.0%
-189.4%
Q1 24
11.3%
-435.0%
Net Margin
SLSN
SLSN
STRO
STRO
Q4 25
1.3%
Q3 25
-7.7%
-586.6%
Q2 25
13.1%
-18.0%
Q1 25
0.5%
-436.6%
Q4 24
-4.4%
-489.2%
Q3 24
18.1%
-572.6%
Q2 24
6.6%
-186.8%
Q1 24
9.0%
-447.5%
EPS (diluted)
SLSN
SLSN
STRO
STRO
Q4 25
$0.00
Q3 25
$-0.02
$-0.67
Q2 25
$0.04
$-0.14
Q1 25
$0.00
$-0.91
Q4 24
$0.00
$-27.63
Q3 24
$0.04
$-0.59
Q2 24
$0.01
$-0.59
Q1 24
$0.02
$-0.59

Balance Sheet & Financial Strength

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

Metric
SLSN
SLSN
STRO
STRO
Cash + ST InvestmentsLiquidity on hand
$1.3M
$141.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.6M
$-132.5M
Total Assets
$50.1M
$173.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLSN
SLSN
STRO
STRO
Q4 25
$1.3M
$141.4M
Q3 25
$429.0K
$167.6M
Q2 25
$4.1M
$205.1M
Q1 25
$1.8M
$249.0M
Q4 24
$1.4M
$316.9M
Q3 24
$2.9M
$388.3M
Q2 24
$2.4M
$375.6M
Q1 24
$2.0M
$267.6M
Stockholders' Equity
SLSN
SLSN
STRO
STRO
Q4 25
$17.6M
$-132.5M
Q3 25
$17.2M
$-87.3M
Q2 25
$18.2M
$-32.1M
Q1 25
$15.2M
$-25.8M
Q4 24
$14.9M
$44.6M
Q3 24
$15.2M
$111.2M
Q2 24
$11.9M
$152.2M
Q1 24
$5.0M
$98.0M
Total Assets
SLSN
SLSN
STRO
STRO
Q4 25
$50.1M
$173.8M
Q3 25
$54.0M
$209.7M
Q2 25
$60.0M
$262.4M
Q1 25
$57.0M
$321.4M
Q4 24
$50.0M
$387.2M
Q3 24
$48.0M
$451.8M
Q2 24
$40.8M
$489.0M
Q1 24
$38.5M
$403.4M

Cash Flow & Capital Efficiency

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

Metric
SLSN
SLSN
STRO
STRO
Operating Cash FlowLast quarter
$1.8M
$-177.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLSN
SLSN
STRO
STRO
Q4 25
$1.8M
$-177.2M
Q3 25
$-2.5M
$-38.2M
Q2 25
$-654.0K
$-44.7M
Q1 25
$-7.2M
$-67.9M
Q4 24
$2.2M
$-71.7M
Q3 24
$4.2M
$-64.5M
Q2 24
$-565.0K
$9.5M
Q1 24
$-3.9M
$-64.7M
Free Cash Flow
SLSN
SLSN
STRO
STRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-404.0K
Q3 24
$2.8M
Q2 24
$-1.0M
Q1 24
$-3.9M
FCF Margin
SLSN
SLSN
STRO
STRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-3.2%
Q3 24
16.6%
Q2 24
-8.0%
Q1 24
-39.9%
Capex Intensity
SLSN
SLSN
STRO
STRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
20.6%
Q3 24
8.3%
Q2 24
3.7%
Q1 24
0.9%
Cash Conversion
SLSN
SLSN
STRO
STRO
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
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.

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