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Side-by-side financial comparison of SOLESENCE, INC. (SLSN) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $12.5M, roughly 1.5× SOLESENCE, INC.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -82.3%, a 83.6% gap on every dollar of revenue. On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -28.0%).

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

SLSN vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
1.5× larger
USAS
$19.1M
$12.5M
SLSN
Growing faster (revenue YoY)
SLSN
SLSN
+27.4% gap
SLSN
-0.7%
-28.0%
USAS
Higher net margin
SLSN
SLSN
83.6% more per $
SLSN
1.3%
-82.3%
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SLSN
SLSN
USAS
USAS
Revenue
$12.5M
$19.1M
Net Profit
$163.0K
$-15.7M
Gross Margin
27.5%
34.2%
Operating Margin
1.5%
Net Margin
1.3%
-82.3%
Revenue YoY
-0.7%
-28.0%
Net Profit YoY
129.2%
2.8%
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
USAS
USAS
Q4 25
$12.5M
Q3 25
$14.6M
$19.1M
Q2 25
$20.4M
Q1 25
$14.6M
Q4 24
$12.6M
Q3 24
$16.9M
$26.5M
Q2 24
$13.0M
Q1 24
$9.9M
Net Profit
SLSN
SLSN
USAS
USAS
Q4 25
$163.0K
Q3 25
$-1.1M
$-15.7M
Q2 25
$2.7M
Q1 25
$80.0K
Q4 24
$-559.0K
Q3 24
$3.0M
$-16.2M
Q2 24
$856.0K
Q1 24
$893.0K
Gross Margin
SLSN
SLSN
USAS
USAS
Q4 25
27.5%
Q3 25
23.1%
34.2%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
23.6%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
SLSN
SLSN
USAS
USAS
Q4 25
1.5%
Q3 25
-5.4%
Q2 25
9.4%
Q1 25
1.8%
Q4 24
-1.8%
Q3 24
19.0%
Q2 24
8.0%
Q1 24
11.3%
Net Margin
SLSN
SLSN
USAS
USAS
Q4 25
1.3%
Q3 25
-7.7%
-82.3%
Q2 25
13.1%
Q1 25
0.5%
Q4 24
-4.4%
Q3 24
18.1%
-60.9%
Q2 24
6.6%
Q1 24
9.0%
EPS (diluted)
SLSN
SLSN
USAS
USAS
Q4 25
$0.00
Q3 25
$-0.02
Q2 25
$0.04
Q1 25
$0.00
Q4 24
$0.00
Q3 24
$0.04
Q2 24
$0.01
Q1 24
$0.02

Balance Sheet & Financial Strength

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

Metric
SLSN
SLSN
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$1.3M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.6M
$50.2M
Total Assets
$50.1M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLSN
SLSN
USAS
USAS
Q4 25
$1.3M
Q3 25
$429.0K
$39.1M
Q2 25
$4.1M
Q1 25
$1.8M
Q4 24
$1.4M
Q3 24
$2.9M
Q2 24
$2.4M
Q1 24
$2.0M
Stockholders' Equity
SLSN
SLSN
USAS
USAS
Q4 25
$17.6M
Q3 25
$17.2M
$50.2M
Q2 25
$18.2M
Q1 25
$15.2M
Q4 24
$14.9M
Q3 24
$15.2M
$53.1M
Q2 24
$11.9M
Q1 24
$5.0M
Total Assets
SLSN
SLSN
USAS
USAS
Q4 25
$50.1M
Q3 25
$54.0M
$234.7M
Q2 25
$60.0M
Q1 25
$57.0M
Q4 24
$50.0M
Q3 24
$48.0M
Q2 24
$40.8M
Q1 24
$38.5M

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
USAS
USAS
Operating Cash FlowLast quarter
$1.8M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
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
USAS
USAS
Q4 25
$1.8M
Q3 25
$-2.5M
$-12.5M
Q2 25
$-654.0K
Q1 25
$-7.2M
Q4 24
$2.2M
Q3 24
$4.2M
$2.4M
Q2 24
$-565.0K
Q1 24
$-3.9M
Free Cash Flow
SLSN
SLSN
USAS
USAS
Q4 25
Q3 25
$-41.3M
Q2 25
Q1 25
Q4 24
$-404.0K
Q3 24
$2.8M
$-11.2M
Q2 24
$-1.0M
Q1 24
$-3.9M
FCF Margin
SLSN
SLSN
USAS
USAS
Q4 25
Q3 25
-216.5%
Q2 25
Q1 25
Q4 24
-3.2%
Q3 24
16.6%
-42.2%
Q2 24
-8.0%
Q1 24
-39.9%
Capex Intensity
SLSN
SLSN
USAS
USAS
Q4 25
Q3 25
150.8%
Q2 25
Q1 25
Q4 24
20.6%
Q3 24
8.3%
51.2%
Q2 24
3.7%
Q1 24
0.9%
Cash Conversion
SLSN
SLSN
USAS
USAS
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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