vs

Side-by-side financial comparison of TriSalus Life Sciences, Inc. (TLSI) and UNITED SECURITY BANCSHARES (UBFO). Click either name above to swap in a different company.

UNITED SECURITY BANCSHARES is the larger business by last-quarter revenue ($13.5M vs $13.2M, roughly 1.0× TriSalus Life Sciences, Inc.). UNITED SECURITY BANCSHARES runs the higher net margin — 25.2% vs -73.9%, a 99.1% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 13.6%). UNITED SECURITY BANCSHARES produced more free cash flow last quarter ($19.8M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 3.0%).

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.

United Security Bancshares is a bank holding company headquartered in Fresno, California. It operates 11 branches.

TLSI vs UBFO — Head-to-Head

Bigger by revenue
UBFO
UBFO
1.0× larger
UBFO
$13.5M
$13.2M
TLSI
Growing faster (revenue YoY)
TLSI
TLSI
+46.3% gap
TLSI
59.8%
13.6%
UBFO
Higher net margin
UBFO
UBFO
99.1% more per $
UBFO
25.2%
-73.9%
TLSI
More free cash flow
UBFO
UBFO
$22.3M more FCF
UBFO
$19.8M
$-2.5M
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
3.0%
UBFO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TLSI
TLSI
UBFO
UBFO
Revenue
$13.2M
$13.5M
Net Profit
$-9.8M
$3.4M
Gross Margin
86.7%
Operating Margin
-24.8%
31.5%
Net Margin
-73.9%
25.2%
Revenue YoY
59.8%
13.6%
Net Profit YoY
3.5%
36.8%
EPS (diluted)
$-0.22
$0.18

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
TLSI
TLSI
UBFO
UBFO
Q4 25
$13.2M
$13.5M
Q3 25
$11.6M
$14.0M
Q2 25
$11.2M
$12.6M
Q1 25
$9.2M
$13.7M
Q4 24
$8.3M
$11.9M
Q3 24
$7.3M
$13.8M
Q2 24
$7.4M
$13.0M
Q1 24
$6.5M
$12.8M
Net Profit
TLSI
TLSI
UBFO
UBFO
Q4 25
$-9.8M
$3.4M
Q3 25
$-10.8M
$4.0M
Q2 25
$-8.3M
$2.2M
Q1 25
$-10.4M
$2.7M
Q4 24
$-10.1M
$2.5M
Q3 24
$-2.4M
$3.8M
Q2 24
$-4.3M
$4.3M
Q1 24
$-13.2M
$4.2M
Gross Margin
TLSI
TLSI
UBFO
UBFO
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
TLSI
TLSI
UBFO
UBFO
Q4 25
-24.8%
31.5%
Q3 25
-77.9%
40.3%
Q2 25
-65.4%
24.0%
Q1 25
-79.9%
27.5%
Q4 24
-91.8%
27.5%
Q3 24
-118.9%
37.1%
Q2 24
-111.0%
46.4%
Q1 24
-180.8%
45.9%
Net Margin
TLSI
TLSI
UBFO
UBFO
Q4 25
-73.9%
25.2%
Q3 25
-93.5%
28.7%
Q2 25
-73.9%
17.2%
Q1 25
-113.2%
19.6%
Q4 24
-122.4%
20.9%
Q3 24
-32.6%
27.7%
Q2 24
-58.8%
33.0%
Q1 24
-204.5%
32.6%
EPS (diluted)
TLSI
TLSI
UBFO
UBFO
Q4 25
$-0.22
$0.18
Q3 25
$-0.96
$0.23
Q2 25
$-0.27
$0.13
Q1 25
$-0.39
$0.16
Q4 24
$-0.38
$0.14
Q3 24
$-0.12
$0.22
Q2 24
$-0.21
$0.25
Q1 24
$-0.60
$0.24

Balance Sheet & Financial Strength

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

Metric
TLSI
TLSI
UBFO
UBFO
Cash + ST InvestmentsLiquidity on hand
$20.4M
$264.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.9M
$139.7M
Total Assets
$35.3M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TLSI
TLSI
UBFO
UBFO
Q4 25
$20.4M
$264.2M
Q3 25
$22.7M
$211.1M
Q2 25
$26.5M
$199.5M
Q1 25
$13.0M
$198.4M
Q4 24
$8.5M
$216.9M
Q3 24
$11.3M
$216.8M
Q2 24
$16.5M
$166.3M
Q1 24
$4.0M
$168.6M
Stockholders' Equity
TLSI
TLSI
UBFO
UBFO
Q4 25
$-33.9M
$139.7M
Q3 25
$-26.7M
$137.4M
Q2 25
$-19.4M
$134.3M
Q1 25
$-34.4M
$132.9M
Q4 24
$-25.9M
$130.4M
Q3 24
$-20.4M
$132.9M
Q2 24
$-25.3M
$127.3M
Q1 24
$-36.0M
$124.2M
Total Assets
TLSI
TLSI
UBFO
UBFO
Q4 25
$35.3M
$1.2B
Q3 25
$36.5M
$1.2B
Q2 25
$41.3M
$1.2B
Q1 25
$28.6M
$1.2B
Q4 24
$24.0M
$1.2B
Q3 24
$27.5M
$1.3B
Q2 24
$32.4M
$1.2B
Q1 24
$17.9M
$1.2B

Cash Flow & Capital Efficiency

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

Metric
TLSI
TLSI
UBFO
UBFO
Operating Cash FlowLast quarter
$-2.5M
$22.1M
Free Cash FlowOCF − Capex
$-2.5M
$19.8M
FCF MarginFCF / Revenue
-19.1%
146.0%
Capex IntensityCapex / Revenue
0.3%
16.8%
Cash ConversionOCF / Net Profit
6.46×
TTM Free Cash FlowTrailing 4 quarters
$-19.1M
$36.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TLSI
TLSI
UBFO
UBFO
Q4 25
$-2.5M
$22.1M
Q3 25
$-3.7M
$7.0M
Q2 25
$-7.3M
$8.7M
Q1 25
$-4.5M
$3.0M
Q4 24
$-5.7M
$19.6M
Q3 24
$-10.8M
$5.4M
Q2 24
$-13.4M
$2.3M
Q1 24
$-10.9M
$7.4M
Free Cash Flow
TLSI
TLSI
UBFO
UBFO
Q4 25
$-2.5M
$19.8M
Q3 25
$-3.9M
$6.1M
Q2 25
$-7.4M
$8.1M
Q1 25
$-5.3M
$2.9M
Q4 24
$-5.8M
$18.6M
Q3 24
$-11.0M
$5.3M
Q2 24
$-13.5M
$2.0M
Q1 24
$-10.9M
$7.0M
FCF Margin
TLSI
TLSI
UBFO
UBFO
Q4 25
-19.1%
146.0%
Q3 25
-33.9%
43.7%
Q2 25
-66.1%
64.3%
Q1 25
-57.3%
21.2%
Q4 24
-69.7%
156.0%
Q3 24
-149.9%
38.1%
Q2 24
-183.1%
15.5%
Q1 24
-169.3%
54.8%
Capex Intensity
TLSI
TLSI
UBFO
UBFO
Q4 25
0.3%
16.8%
Q3 25
1.9%
6.0%
Q2 25
0.8%
4.6%
Q1 25
8.2%
0.9%
Q4 24
0.6%
8.7%
Q3 24
2.3%
0.7%
Q2 24
0.8%
2.2%
Q1 24
1.0%
3.6%
Cash Conversion
TLSI
TLSI
UBFO
UBFO
Q4 25
6.46×
Q3 25
1.73×
Q2 25
4.01×
Q1 25
1.13×
Q4 24
7.87×
Q3 24
1.40×
Q2 24
0.54×
Q1 24
1.79×

Financial Flow Comparison

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

Related Comparisons