vs

Side-by-side financial comparison of SOLESENCE, INC. (SLSN) and Entrada Therapeutics, Inc. (TRDA). Click either name above to swap in a different company.

Entrada Therapeutics, Inc. is the larger business by last-quarter revenue ($20.6M vs $12.5M, roughly 1.6× SOLESENCE, INC.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -84.4%, a 85.7% gap on every dollar of revenue. On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -65.2%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% CAGR vs 6.4%).

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

SLSN vs TRDA — Head-to-Head

Bigger by revenue
TRDA
TRDA
1.6× larger
TRDA
$20.6M
$12.5M
SLSN
Growing faster (revenue YoY)
SLSN
SLSN
+64.6% gap
SLSN
-0.7%
-65.2%
TRDA
Higher net margin
SLSN
SLSN
85.7% more per $
SLSN
1.3%
-84.4%
TRDA
Faster 2-yr revenue CAGR
SLSN
SLSN
Annualised
SLSN
12.5%
6.4%
TRDA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
SLSN
SLSN
TRDA
TRDA
Revenue
$12.5M
$20.6M
Net Profit
$163.0K
$-17.3M
Gross Margin
27.5%
Operating Margin
1.5%
-106.0%
Net Margin
1.3%
-84.4%
Revenue YoY
-0.7%
-65.2%
Net Profit YoY
129.2%
-173.8%
EPS (diluted)
$0.00
$-0.42

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
TRDA
TRDA
Q4 25
$12.5M
Q3 25
$14.6M
Q2 25
$20.4M
Q1 25
$14.6M
$20.6M
Q4 24
$12.6M
$37.4M
Q3 24
$16.9M
$19.6M
Q2 24
$13.0M
$94.7M
Q1 24
$9.9M
$59.1M
Net Profit
SLSN
SLSN
TRDA
TRDA
Q4 25
$163.0K
Q3 25
$-1.1M
Q2 25
$2.7M
Q1 25
$80.0K
$-17.3M
Q4 24
$-559.0K
$1.1M
Q3 24
$3.0M
$-14.0M
Q2 24
$856.0K
$55.0M
Q1 24
$893.0K
$23.5M
Gross Margin
SLSN
SLSN
TRDA
TRDA
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
TRDA
TRDA
Q4 25
1.5%
Q3 25
-5.4%
Q2 25
9.4%
Q1 25
1.8%
-106.0%
Q4 24
-1.8%
-15.7%
Q3 24
19.0%
-110.7%
Q2 24
8.0%
56.4%
Q1 24
11.3%
35.7%
Net Margin
SLSN
SLSN
TRDA
TRDA
Q4 25
1.3%
Q3 25
-7.7%
Q2 25
13.1%
Q1 25
0.5%
-84.4%
Q4 24
-4.4%
3.0%
Q3 24
18.1%
-71.7%
Q2 24
6.6%
58.1%
Q1 24
9.0%
39.7%
EPS (diluted)
SLSN
SLSN
TRDA
TRDA
Q4 25
$0.00
Q3 25
$-0.02
Q2 25
$0.04
Q1 25
$0.00
$-0.42
Q4 24
$0.00
$-0.20
Q3 24
$0.04
$-0.35
Q2 24
$0.01
$1.55
Q1 24
$0.02
$0.68

Balance Sheet & Financial Strength

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

Metric
SLSN
SLSN
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$1.3M
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.6M
$417.3M
Total Assets
$50.1M
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLSN
SLSN
TRDA
TRDA
Q4 25
$1.3M
Q3 25
$429.0K
Q2 25
$4.1M
Q1 25
$1.8M
$67.8M
Q4 24
$1.4M
$101.2M
Q3 24
$2.9M
$78.0M
Q2 24
$2.4M
$185.3M
Q1 24
$2.0M
$68.4M
Stockholders' Equity
SLSN
SLSN
TRDA
TRDA
Q4 25
$17.6M
Q3 25
$17.2M
Q2 25
$18.2M
Q1 25
$15.2M
$417.3M
Q4 24
$14.9M
$428.7M
Q3 24
$15.2M
$422.4M
Q2 24
$11.9M
$429.9M
Q1 24
$5.0M
$269.4M
Total Assets
SLSN
SLSN
TRDA
TRDA
Q4 25
$50.1M
Q3 25
$54.0M
Q2 25
$60.0M
Q1 25
$57.0M
$486.5M
Q4 24
$50.0M
$526.3M
Q3 24
$48.0M
$554.6M
Q2 24
$40.8M
$582.0M
Q1 24
$38.5M
$510.8M

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
TRDA
TRDA
Operating Cash FlowLast quarter
$1.8M
$-38.5M
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-192.9%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLSN
SLSN
TRDA
TRDA
Q4 25
$1.8M
Q3 25
$-2.5M
Q2 25
$-654.0K
Q1 25
$-7.2M
$-38.5M
Q4 24
$2.2M
$-31.6M
Q3 24
$4.2M
$-24.3M
Q2 24
$-565.0K
$39.8M
Q1 24
$-3.9M
$-25.5M
Free Cash Flow
SLSN
SLSN
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
$-39.7M
Q4 24
$-404.0K
$-32.2M
Q3 24
$2.8M
$-24.9M
Q2 24
$-1.0M
$38.8M
Q1 24
$-3.9M
$-26.4M
FCF Margin
SLSN
SLSN
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
-192.9%
Q4 24
-3.2%
-86.2%
Q3 24
16.6%
-127.3%
Q2 24
-8.0%
41.0%
Q1 24
-39.9%
-44.6%
Capex Intensity
SLSN
SLSN
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
5.6%
Q4 24
20.6%
1.7%
Q3 24
8.3%
3.3%
Q2 24
3.7%
1.1%
Q1 24
0.9%
1.4%
Cash Conversion
SLSN
SLSN
TRDA
TRDA
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
-27.94×
Q3 24
1.38×
Q2 24
-0.66×
0.72×
Q1 24
-4.32×
-1.09×

Financial Flow Comparison

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

Related Comparisons