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Side-by-side financial comparison of Snail, Inc. (SNAL) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
Snail, Inc. is the larger business by last-quarter revenue ($25.1M vs $13.2M, roughly 1.9× TriSalus Life Sciences, Inc.). Snail, Inc. runs the higher net margin — -3.4% vs -73.9%, a 70.4% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs -4.2%). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 33.4%).
Suzhou Snail Digital Technology Co., Ltd., doing business as Snail, is a Chinese video game company and a Virtual Network Operator headquartered in Suzhou, China, which has branches Snail Games and Snail Mobile. Its division, Snail USA, markets Snail Games products in North America, South America, & Europe. Snail Games products include massively multiplayer online (MMOs), real-time strategy (RTS), and casual games. Its global registered user base has reached over 70 million accounts. The U.S....
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
SNAL vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.1M | $13.2M |
| Net Profit | $-862.2K | $-9.8M |
| Gross Margin | 38.3% | 86.7% |
| Operating Margin | -6.0% | -24.8% |
| Net Margin | -3.4% | -73.9% |
| Revenue YoY | -4.2% | 59.8% |
| Net Profit YoY | -177.0% | 3.5% |
| EPS (diluted) | — | $-0.22 |
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 | $25.1M | $13.2M | ||
| Q3 25 | $13.8M | $11.6M | ||
| Q2 25 | $22.2M | $11.2M | ||
| Q1 25 | $20.1M | $9.2M | ||
| Q4 24 | $26.2M | $8.3M | ||
| Q3 24 | $22.5M | $7.3M | ||
| Q2 24 | $21.6M | $7.4M | ||
| Q1 24 | $14.1M | $6.5M |
| Q4 25 | $-862.2K | $-9.8M | ||
| Q3 25 | $-7.9M | $-10.8M | ||
| Q2 25 | $-16.6M | $-8.3M | ||
| Q1 25 | $-1.9M | $-10.4M | ||
| Q4 24 | $1.1M | $-10.1M | ||
| Q3 24 | $235.1K | $-2.4M | ||
| Q2 24 | $2.3M | $-4.3M | ||
| Q1 24 | $-1.8M | $-13.2M |
| Q4 25 | 38.3% | 86.7% | ||
| Q3 25 | 0.1% | 83.5% | ||
| Q2 25 | 31.3% | 83.9% | ||
| Q1 25 | 29.1% | 83.7% | ||
| Q4 24 | 43.3% | 85.3% | ||
| Q3 24 | 38.6% | 86.3% | ||
| Q2 24 | 37.5% | 87.6% | ||
| Q1 24 | 14.7% | 85.0% |
| Q4 25 | -6.0% | -24.8% | ||
| Q3 25 | -71.3% | -77.9% | ||
| Q2 25 | -8.2% | -65.4% | ||
| Q1 25 | -20.4% | -79.9% | ||
| Q4 24 | 11.5% | -91.8% | ||
| Q3 24 | 1.8% | -118.9% | ||
| Q2 24 | 12.4% | -111.0% | ||
| Q1 24 | -15.6% | -180.8% |
| Q4 25 | -3.4% | -73.9% | ||
| Q3 25 | -56.9% | -93.5% | ||
| Q2 25 | -74.7% | -73.9% | ||
| Q1 25 | -9.7% | -113.2% | ||
| Q4 24 | 4.3% | -122.4% | ||
| Q3 24 | 1.0% | -32.6% | ||
| Q2 24 | 10.4% | -58.8% | ||
| Q1 24 | -12.6% | -204.5% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | $-0.44 | $-0.27 | ||
| Q1 25 | $-0.06 | $-0.39 | ||
| Q4 24 | $0.03 | $-0.38 | ||
| Q3 24 | $0.01 | $-0.12 | ||
| Q2 24 | $0.06 | $-0.21 | ||
| Q1 24 | $-0.05 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.6M | $20.4M |
| Total DebtLower is stronger | $14.6M | — |
| Stockholders' EquityBook value | $-16.4M | $-33.9M |
| Total Assets | $59.3M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | $20.4M | ||
| Q3 25 | $12.3M | $22.7M | ||
| Q2 25 | $7.9M | $26.5M | ||
| Q1 25 | $9.4M | $13.0M | ||
| Q4 24 | $7.3M | $8.5M | ||
| Q3 24 | $10.6M | $11.3M | ||
| Q2 24 | $15.5M | $16.5M | ||
| Q1 24 | $16.1M | $4.0M |
| Q4 25 | $14.6M | — | ||
| Q3 25 | $10.5M | — | ||
| Q2 25 | $11.8M | — | ||
| Q1 25 | $9.0M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $5.7M | — | ||
| Q2 24 | $5.8M | — | ||
| Q1 24 | $6.5M | — |
| Q4 25 | $-16.4M | $-33.9M | ||
| Q3 25 | $-15.6M | $-26.7M | ||
| Q2 25 | $-8.0M | $-19.4M | ||
| Q1 25 | $9.1M | $-34.4M | ||
| Q4 24 | $9.7M | $-25.9M | ||
| Q3 24 | $8.2M | $-20.4M | ||
| Q2 24 | $7.9M | $-25.3M | ||
| Q1 24 | $5.6M | $-36.0M |
| Q4 25 | $59.3M | $35.3M | ||
| Q3 25 | $51.1M | $36.5M | ||
| Q2 25 | $58.0M | $41.3M | ||
| Q1 25 | $64.5M | $28.6M | ||
| Q4 24 | $62.2M | $24.0M | ||
| Q3 24 | $66.8M | $27.5M | ||
| Q2 24 | $75.4M | $32.4M | ||
| Q1 24 | $78.3M | $17.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 1.16× | — |
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 | $-5.3M | $-2.5M |
| Free Cash FlowOCF − Capex | — | $-2.5M |
| FCF MarginFCF / Revenue | — | -19.1% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.3M | $-2.5M | ||
| Q3 25 | $6.6M | $-3.7M | ||
| Q2 25 | $-3.2M | $-7.3M | ||
| Q1 25 | $764.5K | $-4.5M | ||
| Q4 24 | $-3.6M | $-5.7M | ||
| Q3 24 | $-5.0M | $-10.8M | ||
| Q2 24 | $206.6K | $-13.4M | ||
| Q1 24 | $6.8M | $-10.9M |
| Q4 25 | — | $-2.5M | ||
| Q3 25 | — | $-3.9M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | — | $-5.3M | ||
| Q4 24 | — | $-5.8M | ||
| Q3 24 | — | $-11.0M | ||
| Q2 24 | — | $-13.5M | ||
| Q1 24 | — | $-10.9M |
| Q4 25 | — | -19.1% | ||
| Q3 25 | — | -33.9% | ||
| Q2 25 | — | -66.1% | ||
| Q1 25 | — | -57.3% | ||
| Q4 24 | — | -69.7% | ||
| Q3 24 | — | -149.9% | ||
| Q2 24 | — | -183.1% | ||
| Q1 24 | — | -169.3% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.21× | — | ||
| Q3 24 | -21.05× | — | ||
| Q2 24 | 0.09× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNAL
| Pc | $14.7M | 59% |
| Platform Three | $5.2M | 21% |
| Platform Two | $3.3M | 13% |
| Sales Channel Directly To Consumer Mobile Sale | $1.6M | 6% |
TLSI
Segment breakdown not available.
