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Side-by-side financial comparison of Tectonic Financial, Inc. (TECTP) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
Tectonic Financial, Inc. is the larger business by last-quarter revenue ($23.0M vs $13.2M, roughly 1.7× TriSalus Life Sciences, Inc.). Tectonic Financial, Inc. runs the higher net margin — 23.8% vs -73.9%, a 97.7% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 17.9%). TriSalus Life Sciences, Inc. produced more free cash flow last quarter ($-2.5M vs $-17.3M). Over the past eight quarters, Tectonic Financial, Inc.'s revenue compounded faster (270.5% CAGR vs 43.0%).
Tectonic Financial, Inc.TECTPEarnings & Financial Report
Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.
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.
TECTP vs TLSI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.0M | $13.2M |
| Net Profit | $5.5M | $-9.8M |
| Gross Margin | — | 86.7% |
| Operating Margin | 30.6% | -24.8% |
| Net Margin | 23.8% | -73.9% |
| Revenue YoY | 17.9% | 59.8% |
| Net Profit YoY | 15.9% | 3.5% |
| EPS (diluted) | $0.73 | $-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 | — | $13.2M | ||
| Q3 25 | $23.0M | $11.6M | ||
| Q2 25 | $21.6M | $11.2M | ||
| Q1 25 | $21.8M | $9.2M | ||
| Q4 24 | $21.4M | $8.3M | ||
| Q3 24 | $19.5M | $7.3M | ||
| Q2 24 | $18.6M | $7.4M | ||
| Q1 24 | $17.6M | $6.5M |
| Q4 25 | — | $-9.8M | ||
| Q3 25 | $5.5M | $-10.8M | ||
| Q2 25 | $4.3M | $-8.3M | ||
| Q1 25 | $4.5M | $-10.4M | ||
| Q4 24 | $3.0M | $-10.1M | ||
| Q3 24 | $4.7M | $-2.4M | ||
| Q2 24 | $3.1M | $-4.3M | ||
| Q1 24 | $3.1M | $-13.2M |
| 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% |
| Q4 25 | — | -24.8% | ||
| Q3 25 | 30.6% | -77.9% | ||
| Q2 25 | 25.9% | -65.4% | ||
| Q1 25 | 26.0% | -79.9% | ||
| Q4 24 | 22.1% | -91.8% | ||
| Q3 24 | 29.1% | -118.9% | ||
| Q2 24 | 21.5% | -111.0% | ||
| Q1 24 | 22.2% | -180.8% |
| Q4 25 | — | -73.9% | ||
| Q3 25 | 23.8% | -93.5% | ||
| Q2 25 | 19.8% | -73.9% | ||
| Q1 25 | 20.4% | -113.2% | ||
| Q4 24 | 14.0% | -122.4% | ||
| Q3 24 | 24.2% | -32.6% | ||
| Q2 24 | 16.9% | -58.8% | ||
| Q1 24 | 17.4% | -204.5% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | $0.73 | $-0.96 | ||
| Q2 25 | $0.55 | $-0.27 | ||
| Q1 25 | $0.57 | $-0.39 | ||
| Q4 24 | $0.35 | $-0.38 | ||
| Q3 24 | $0.58 | $-0.12 | ||
| Q2 24 | $0.38 | $-0.21 | ||
| Q1 24 | $0.37 | $-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 | — | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $119.2M | $-33.9M |
| Total Assets | $1.1B | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $20.4M | ||
| Q3 25 | — | $22.7M | ||
| Q2 25 | — | $26.5M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $16.5M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | — | $-33.9M | ||
| Q3 25 | $119.2M | $-26.7M | ||
| Q2 25 | $114.6M | $-19.4M | ||
| Q1 25 | $111.3M | $-34.4M | ||
| Q4 24 | $113.4M | $-25.9M | ||
| Q3 24 | $112.8M | $-20.4M | ||
| Q2 24 | $110.4M | $-25.3M | ||
| Q1 24 | $108.5M | $-36.0M |
| Q4 25 | — | $35.3M | ||
| Q3 25 | $1.1B | $36.5M | ||
| Q2 25 | $997.0M | $41.3M | ||
| Q1 25 | $910.5M | $28.6M | ||
| Q4 24 | $863.4M | $24.0M | ||
| Q3 24 | $847.5M | $27.5M | ||
| Q2 24 | $777.1M | $32.4M | ||
| Q1 24 | $777.6M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-17.3M | $-2.5M |
| Free Cash FlowOCF − Capex | $-17.3M | $-2.5M |
| FCF MarginFCF / Revenue | -74.9% | -19.1% |
| Capex IntensityCapex / Revenue | 0.0% | 0.3% |
| Cash ConversionOCF / Net Profit | -3.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $-17.3M | $-3.7M | ||
| Q2 25 | $-32.5M | $-7.3M | ||
| Q1 25 | $-35.6M | $-4.5M | ||
| Q4 24 | $-86.6M | $-5.7M | ||
| Q3 24 | $-22.5M | $-10.8M | ||
| Q2 24 | $-30.7M | $-13.4M | ||
| Q1 24 | $-3.2M | $-10.9M |
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $-17.3M | $-3.9M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | $-35.6M | $-5.3M | ||
| Q4 24 | $-86.8M | $-5.8M | ||
| Q3 24 | $-22.5M | $-11.0M | ||
| Q2 24 | $-30.7M | $-13.5M | ||
| Q1 24 | $-3.3M | $-10.9M |
| Q4 25 | — | -19.1% | ||
| Q3 25 | -74.9% | -33.9% | ||
| Q2 25 | — | -66.1% | ||
| Q1 25 | -163.2% | -57.3% | ||
| Q4 24 | -406.5% | -69.7% | ||
| Q3 24 | -115.0% | -149.9% | ||
| Q2 24 | -165.5% | -183.1% | ||
| Q1 24 | -18.8% | -169.3% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 0.0% | 1.9% | ||
| Q2 25 | 0.0% | 0.8% | ||
| Q1 25 | 0.0% | 8.2% | ||
| Q4 24 | 1.0% | 0.6% | ||
| Q3 24 | 0.1% | 2.3% | ||
| Q2 24 | 0.3% | 0.8% | ||
| Q1 24 | 0.9% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | -3.14× | — | ||
| Q2 25 | -7.61× | — | ||
| Q1 25 | -8.00× | — | ||
| Q4 24 | -28.99× | — | ||
| Q3 24 | -4.74× | — | ||
| Q2 24 | -9.76× | — | ||
| Q1 24 | -1.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
