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Side-by-side financial comparison of SR Bancorp, Inc. (SRBK) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $8.4M, roughly 1.6× SR Bancorp, Inc.). SR Bancorp, Inc. runs the higher net margin — 10.0% vs -73.9%, a 83.8% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 6.4%). SR Bancorp, Inc. produced more free cash flow last quarter ($3.1M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs -2.4%).

SR Bancorp Inc. is a regional bank holding company based in the United States. It offers a full range of consumer and commercial banking services including deposit products, personal loans, mortgage lending, small business financing, and commercial credit solutions, primarily serving local communities and small to mid-sized enterprises in its operating areas.

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.

SRBK vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.6× larger
TLSI
$13.2M
$8.4M
SRBK
Growing faster (revenue YoY)
TLSI
TLSI
+53.4% gap
TLSI
59.8%
6.4%
SRBK
Higher net margin
SRBK
SRBK
83.8% more per $
SRBK
10.0%
-73.9%
TLSI
More free cash flow
SRBK
SRBK
$5.6M more FCF
SRBK
$3.1M
$-2.5M
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
-2.4%
SRBK

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
SRBK
SRBK
TLSI
TLSI
Revenue
$8.4M
$13.2M
Net Profit
$834.0K
$-9.8M
Gross Margin
86.7%
Operating Margin
13.0%
-24.8%
Net Margin
10.0%
-73.9%
Revenue YoY
6.4%
59.8%
Net Profit YoY
-18.3%
3.5%
EPS (diluted)
$0.11
$-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.

Revenue
SRBK
SRBK
TLSI
TLSI
Q4 25
$8.4M
$13.2M
Q3 25
$8.2M
$11.6M
Q2 25
$7.6M
$11.2M
Q1 25
$7.7M
$9.2M
Q4 24
$7.9M
$8.3M
Q3 24
$8.4M
$7.3M
Q2 24
$7.9M
$7.4M
Q1 24
$8.8M
$6.5M
Net Profit
SRBK
SRBK
TLSI
TLSI
Q4 25
$834.0K
$-9.8M
Q3 25
$693.0K
$-10.8M
Q2 25
$2.2M
$-8.3M
Q1 25
$537.0K
$-10.4M
Q4 24
$1.0M
$-10.1M
Q3 24
$1.4M
$-2.4M
Q2 24
$-3.0M
$-4.3M
Q1 24
$1.1M
$-13.2M
Gross Margin
SRBK
SRBK
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
SRBK
SRBK
TLSI
TLSI
Q4 25
13.0%
-24.8%
Q3 25
11.0%
-77.9%
Q2 25
32.1%
-65.4%
Q1 25
8.1%
-79.9%
Q4 24
17.1%
-91.8%
Q3 24
20.6%
-118.9%
Q2 24
-34.0%
-111.0%
Q1 24
15.4%
-180.8%
Net Margin
SRBK
SRBK
TLSI
TLSI
Q4 25
10.0%
-73.9%
Q3 25
8.5%
-93.5%
Q2 25
29.2%
-73.9%
Q1 25
7.0%
-113.2%
Q4 24
13.0%
-122.4%
Q3 24
16.3%
-32.6%
Q2 24
-38.2%
-58.8%
Q1 24
12.1%
-204.5%
EPS (diluted)
SRBK
SRBK
TLSI
TLSI
Q4 25
$0.11
$-0.22
Q3 25
$0.09
$-0.96
Q2 25
$0.27
$-0.27
Q1 25
$0.06
$-0.39
Q4 24
$0.12
$-0.38
Q3 24
$0.16
$-0.12
Q2 24
$8.14
$-0.21
Q1 24
$0.12
$-0.60

Balance Sheet & Financial Strength

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

Metric
SRBK
SRBK
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$81.8M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$188.5M
$-33.9M
Total Assets
$1.1B
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRBK
SRBK
TLSI
TLSI
Q4 25
$81.8M
$20.4M
Q3 25
$58.3M
$22.7M
Q2 25
$57.8M
$26.5M
Q1 25
$62.2M
$13.0M
Q4 24
$53.4M
$8.5M
Q3 24
$47.3M
$11.3M
Q2 24
$45.9M
$16.5M
Q1 24
$72.5M
$4.0M
Stockholders' Equity
SRBK
SRBK
TLSI
TLSI
Q4 25
$188.5M
$-33.9M
Q3 25
$191.9M
$-26.7M
Q2 25
$193.8M
$-19.4M
Q1 25
$195.1M
$-34.4M
Q4 24
$198.1M
$-25.9M
Q3 24
$200.5M
$-20.4M
Q2 24
$199.5M
$-25.3M
Q1 24
$199.3M
$-36.0M
Total Assets
SRBK
SRBK
TLSI
TLSI
Q4 25
$1.1B
$35.3M
Q3 25
$1.1B
$36.5M
Q2 25
$1.1B
$41.3M
Q1 25
$1.1B
$28.6M
Q4 24
$1.1B
$24.0M
Q3 24
$1.1B
$27.5M
Q2 24
$1.0B
$32.4M
Q1 24
$1.1B
$17.9M

Cash Flow & Capital Efficiency

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

Metric
SRBK
SRBK
TLSI
TLSI
Operating Cash FlowLast quarter
$3.6M
$-2.5M
Free Cash FlowOCF − Capex
$3.1M
$-2.5M
FCF MarginFCF / Revenue
37.0%
-19.1%
Capex IntensityCapex / Revenue
5.9%
0.3%
Cash ConversionOCF / Net Profit
4.31×
TTM Free Cash FlowTrailing 4 quarters
$11.0M
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SRBK
SRBK
TLSI
TLSI
Q4 25
$3.6M
$-2.5M
Q3 25
$1.2M
$-3.7M
Q2 25
$4.7M
$-7.3M
Q1 25
$2.6M
$-4.5M
Q4 24
$-1.4M
$-5.7M
Q3 24
$1.8M
$-10.8M
Q2 24
$-1.7M
$-13.4M
Q1 24
$-3.9M
$-10.9M
Free Cash Flow
SRBK
SRBK
TLSI
TLSI
Q4 25
$3.1M
$-2.5M
Q3 25
$1.1M
$-3.9M
Q2 25
$4.2M
$-7.4M
Q1 25
$2.5M
$-5.3M
Q4 24
$-1.5M
$-5.8M
Q3 24
$1.7M
$-11.0M
Q2 24
$-2.8M
$-13.5M
Q1 24
$-4.0M
$-10.9M
FCF Margin
SRBK
SRBK
TLSI
TLSI
Q4 25
37.0%
-19.1%
Q3 25
14.0%
-33.9%
Q2 25
55.9%
-66.1%
Q1 25
32.3%
-57.3%
Q4 24
-19.5%
-69.7%
Q3 24
20.3%
-149.9%
Q2 24
-35.8%
-183.1%
Q1 24
-45.2%
-169.3%
Capex Intensity
SRBK
SRBK
TLSI
TLSI
Q4 25
5.9%
0.3%
Q3 25
0.9%
1.9%
Q2 25
5.7%
0.8%
Q1 25
1.0%
8.2%
Q4 24
1.3%
0.6%
Q3 24
1.0%
2.3%
Q2 24
13.9%
0.8%
Q1 24
0.5%
1.0%
Cash Conversion
SRBK
SRBK
TLSI
TLSI
Q4 25
4.31×
Q3 25
1.76×
Q2 25
2.11×
Q1 25
4.79×
Q4 24
-1.40×
Q3 24
1.31×
Q2 24
Q1 24
-3.69×

Financial Flow Comparison

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

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