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Side-by-side financial comparison of Entrada Therapeutics, Inc. (TRDA) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.

Entrada Therapeutics, Inc. is the larger business by last-quarter revenue ($20.6M vs $18.6M, roughly 1.1× Zeo Energy Corp.). Zeo Energy Corp. runs the higher net margin — -10.8% vs -84.4%, a 73.6% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -65.2%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $-39.7M). Over the past eight quarters, Entrada Therapeutics, Inc.'s revenue compounded faster (6.4% CAGR vs -4.0%).

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

TRDA vs ZEO — Head-to-Head

Bigger by revenue
TRDA
TRDA
1.1× larger
TRDA
$20.6M
$18.6M
ZEO
Growing faster (revenue YoY)
ZEO
ZEO
+64.8% gap
ZEO
-0.4%
-65.2%
TRDA
Higher net margin
ZEO
ZEO
73.6% more per $
ZEO
-10.8%
-84.4%
TRDA
More free cash flow
ZEO
ZEO
$41.9M more FCF
ZEO
$2.3M
$-39.7M
TRDA
Faster 2-yr revenue CAGR
TRDA
TRDA
Annualised
TRDA
6.4%
-4.0%
ZEO

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
TRDA
TRDA
ZEO
ZEO
Revenue
$20.6M
$18.6M
Net Profit
$-17.3M
$-2.0M
Gross Margin
Operating Margin
-106.0%
-11.8%
Net Margin
-84.4%
-10.8%
Revenue YoY
-65.2%
-0.4%
Net Profit YoY
-173.8%
-360.9%
EPS (diluted)
$-0.42

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
TRDA
TRDA
ZEO
ZEO
Q4 25
$18.6M
Q3 25
$23.9M
Q2 25
$18.1M
Q1 25
$20.6M
$8.8M
Q4 24
$37.4M
$18.6M
Q3 24
$19.6M
$19.7M
Q2 24
$94.7M
$14.8M
Q1 24
$59.1M
$20.1M
Net Profit
TRDA
TRDA
ZEO
ZEO
Q4 25
$-2.0M
Q3 25
$-3.2M
Q2 25
$-2.4M
Q1 25
$-17.3M
$-6.4M
Q4 24
$1.1M
$-435.3K
Q3 24
$-14.0M
$-424.3K
Q2 24
$55.0M
$-277.8K
Q1 24
$23.5M
$-1.5M
Gross Margin
TRDA
TRDA
ZEO
ZEO
Q4 25
Q3 25
57.9%
Q2 25
59.8%
Q1 25
99.3%
Q4 24
Q3 24
50.2%
Q2 24
52.3%
Q1 24
Operating Margin
TRDA
TRDA
ZEO
ZEO
Q4 25
-11.8%
Q3 25
-8.3%
Q2 25
-15.8%
Q1 25
-106.0%
-153.8%
Q4 24
-15.7%
-6.0%
Q3 24
-110.7%
-15.2%
Q2 24
56.4%
-18.0%
Q1 24
35.7%
-20.1%
Net Margin
TRDA
TRDA
ZEO
ZEO
Q4 25
-10.8%
Q3 25
-13.5%
Q2 25
-13.3%
Q1 25
-84.4%
-72.4%
Q4 24
3.0%
-2.3%
Q3 24
-71.7%
-2.2%
Q2 24
58.1%
-1.9%
Q1 24
39.7%
-7.6%
EPS (diluted)
TRDA
TRDA
ZEO
ZEO
Q4 25
Q3 25
Q2 25
Q1 25
$-0.42
$-0.48
Q4 24
$-0.20
$1.11
Q3 24
$-0.35
$-0.08
Q2 24
$1.55
$0.03
Q1 24
$0.68
$-1.54

Balance Sheet & Financial Strength

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

Metric
TRDA
TRDA
ZEO
ZEO
Cash + ST InvestmentsLiquidity on hand
$67.8M
$6.1M
Total DebtLower is stronger
$79.1K
Stockholders' EquityBook value
$417.3M
$5.3M
Total Assets
$486.5M
$56.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TRDA
TRDA
ZEO
ZEO
Q4 25
$6.1M
Q3 25
$3.9M
Q2 25
$68.7K
Q1 25
$67.8M
$2.9M
Q4 24
$101.2M
$5.6M
Q3 24
$78.0M
$4.3M
Q2 24
$185.3M
$5.3M
Q1 24
$68.4M
Total Debt
TRDA
TRDA
ZEO
ZEO
Q4 25
$79.1K
Q3 25
$84.6K
Q2 25
$642.8K
Q1 25
$715.4K
Q4 24
$787.7K
Q3 24
$858.6K
Q2 24
$1.6M
Q1 24
$748.8K
Stockholders' Equity
TRDA
TRDA
ZEO
ZEO
Q4 25
$5.3M
Q3 25
$-1.7M
Q2 25
$-59.4M
Q1 25
$417.3M
$-23.1M
Q4 24
$428.7M
$-88.9M
Q3 24
$422.4M
$-39.3M
Q2 24
$429.9M
$-53.0M
Q1 24
$269.4M
$-173.0M
Total Assets
TRDA
TRDA
ZEO
ZEO
Q4 25
$56.9M
Q3 25
$58.5M
Q2 25
$46.2M
Q1 25
$486.5M
$47.4M
Q4 24
$526.3M
$61.0M
Q3 24
$554.6M
$47.1M
Q2 24
$582.0M
$49.1M
Q1 24
$510.8M
$50.1M
Debt / Equity
TRDA
TRDA
ZEO
ZEO
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
TRDA
TRDA
ZEO
ZEO
Operating Cash FlowLast quarter
$-38.5M
$2.4M
Free Cash FlowOCF − Capex
$-39.7M
$2.3M
FCF MarginFCF / Revenue
-192.9%
12.2%
Capex IntensityCapex / Revenue
5.6%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-58.0M
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TRDA
TRDA
ZEO
ZEO
Q4 25
$2.4M
Q3 25
$-6.6M
Q2 25
$-2.3M
Q1 25
$-38.5M
$-2.3M
Q4 24
$-31.6M
$3.5M
Q3 24
$-24.3M
$162.2K
Q2 24
$39.8M
$-2.2M
Q1 24
$-25.5M
$-10.2M
Free Cash Flow
TRDA
TRDA
ZEO
ZEO
Q4 25
$2.3M
Q3 25
$-6.8M
Q2 25
$-2.7M
Q1 25
$-39.7M
$-2.6M
Q4 24
$-32.2M
$3.4M
Q3 24
$-24.9M
$116.5K
Q2 24
$38.8M
$-2.3M
Q1 24
$-26.4M
$-10.4M
FCF Margin
TRDA
TRDA
ZEO
ZEO
Q4 25
12.2%
Q3 25
-28.6%
Q2 25
-15.0%
Q1 25
-192.9%
-30.0%
Q4 24
-86.2%
18.2%
Q3 24
-127.3%
0.6%
Q2 24
41.0%
-15.6%
Q1 24
-44.6%
-51.5%
Capex Intensity
TRDA
TRDA
ZEO
ZEO
Q4 25
0.9%
Q3 25
1.0%
Q2 25
2.4%
Q1 25
5.6%
4.2%
Q4 24
1.7%
0.5%
Q3 24
3.3%
0.2%
Q2 24
1.1%
0.7%
Q1 24
1.4%
1.1%
Cash Conversion
TRDA
TRDA
ZEO
ZEO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-27.94×
Q3 24
Q2 24
0.72×
Q1 24
-1.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TRDA
TRDA

Segment breakdown not available.

ZEO
ZEO

Nonrelated Party$18.1M98%
Related Party$432.1K2%

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