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Side-by-side financial comparison of TRX GOLD Corp (TRX) and USCB FINANCIAL HOLDINGS, INC. (USCB). Click either name above to swap in a different company.

TRX GOLD Corp is the larger business by last-quarter revenue ($25.1M vs $22.2M, roughly 1.1× USCB FINANCIAL HOLDINGS, INC.). USCB FINANCIAL HOLDINGS, INC. runs the higher net margin — 6.1% vs -2.0%, a 8.1% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 14.7%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs 12.3%).

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

USCB Financial Holdings, Inc. is a U.S.-headquartered bank holding company that offers comprehensive retail and commercial banking services, including deposit products, personal and business loans, wealth management, and digital banking tools. It primarily serves individual consumers, small and medium-sized enterprises, and local corporate clients across its operating regions in the United States, prioritizing personalized customer experiences and community-oriented financial services.

TRX vs USCB — Head-to-Head

Bigger by revenue
TRX
TRX
1.1× larger
TRX
$25.1M
$22.2M
USCB
Growing faster (revenue YoY)
TRX
TRX
+85.8% gap
TRX
100.5%
14.7%
USCB
Higher net margin
USCB
USCB
8.1% more per $
USCB
6.1%
-2.0%
TRX
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
12.3%
USCB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
TRX
TRX
USCB
USCB
Revenue
$25.1M
$22.2M
Net Profit
$-496.0K
$1.4M
Gross Margin
56.6%
Operating Margin
14.7%
Net Margin
-2.0%
6.1%
Revenue YoY
100.5%
14.7%
Net Profit YoY
-123.2%
-80.3%
EPS (diluted)
$-0.01

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
TRX
TRX
USCB
USCB
Q4 25
$25.1M
$22.2M
Q3 25
$25.0M
Q2 25
$12.5M
$24.4M
Q1 25
$9.1M
$22.8M
Q4 24
$12.5M
$23.0M
Q3 24
$21.5M
Q2 24
$10.1M
$20.5M
Q1 24
$8.0M
$17.6M
Net Profit
TRX
TRX
USCB
USCB
Q4 25
$-496.0K
$1.4M
Q3 25
$8.9M
Q2 25
$1.1M
$8.1M
Q1 25
$-1.9M
$7.7M
Q4 24
$2.1M
$6.9M
Q3 24
$6.9M
Q2 24
$-1.7M
$6.2M
Q1 24
$1.9M
$4.6M
Gross Margin
TRX
TRX
USCB
USCB
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
TRX
TRX
USCB
USCB
Q4 25
14.7%
Q3 25
47.3%
Q2 25
44.0%
Q1 25
44.2%
Q4 24
39.6%
Q3 24
42.5%
Q2 24
39.8%
Q1 24
34.3%
Net Margin
TRX
TRX
USCB
USCB
Q4 25
-2.0%
6.1%
Q3 25
35.8%
Q2 25
8.9%
33.4%
Q1 25
-21.3%
33.5%
Q4 24
17.1%
30.0%
Q3 24
32.3%
Q2 24
-16.3%
30.3%
Q1 24
24.1%
26.2%
EPS (diluted)
TRX
TRX
USCB
USCB
Q4 25
$-0.01
Q3 25
$0.45
Q2 25
$0.00
Q1 25
$-0.01
Q4 24
$0.00
Q3 24
$0.35
Q2 24
$-0.01
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
TRX
TRX
USCB
USCB
Cash + ST InvestmentsLiquidity on hand
$9.2M
$38.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$74.5M
$217.2M
Total Assets
$129.6M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TRX
TRX
USCB
USCB
Q4 25
$9.2M
$38.5M
Q3 25
$56.8M
Q2 25
$3.6M
$54.8M
Q1 25
$6.0M
$98.0M
Q4 24
$6.8M
$77.0M
Q3 24
$38.5M
Q2 24
$7.7M
$77.3M
Q1 24
$8.0M
$126.5M
Stockholders' Equity
TRX
TRX
USCB
USCB
Q4 25
$74.5M
$217.2M
Q3 25
$209.1M
Q2 25
$69.0M
$231.6M
Q1 25
$67.5M
$225.1M
Q4 24
$68.4M
$215.4M
Q3 24
$213.9M
Q2 24
$62.5M
$201.0M
Q1 24
$63.9M
$195.0M
Total Assets
TRX
TRX
USCB
USCB
Q4 25
$129.6M
$2.8B
Q3 25
$2.8B
Q2 25
$112.3M
$2.7B
Q1 25
$106.7M
$2.7B
Q4 24
$102.6M
$2.6B
Q3 24
$2.5B
Q2 24
$92.6M
$2.5B
Q1 24
$88.2M
$2.5B

Cash Flow & Capital Efficiency

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

Metric
TRX
TRX
USCB
USCB
Operating Cash FlowLast quarter
$4.0M
$42.8M
Free Cash FlowOCF − Capex
$42.5M
FCF MarginFCF / Revenue
191.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
31.40×
TTM Free Cash FlowTrailing 4 quarters
$95.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TRX
TRX
USCB
USCB
Q4 25
$4.0M
$42.8M
Q3 25
$20.1M
Q2 25
$3.4M
$18.0M
Q1 25
$2.0M
$14.6M
Q4 24
$2.4M
$34.8M
Q3 24
$11.3M
Q2 24
$3.1M
$18.3M
Q1 24
$1.0M
$8.1M
Free Cash Flow
TRX
TRX
USCB
USCB
Q4 25
$42.5M
Q3 25
$20.0M
Q2 25
$18.0M
Q1 25
$14.6M
Q4 24
$34.5M
Q3 24
$11.2M
Q2 24
$18.2M
Q1 24
$8.0M
FCF Margin
TRX
TRX
USCB
USCB
Q4 25
191.4%
Q3 25
80.3%
Q2 25
73.7%
Q1 25
63.9%
Q4 24
150.2%
Q3 24
52.2%
Q2 24
88.8%
Q1 24
45.4%
Capex Intensity
TRX
TRX
USCB
USCB
Q4 25
1.4%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
1.4%
Q3 24
0.4%
Q2 24
0.4%
Q1 24
0.5%
Cash Conversion
TRX
TRX
USCB
USCB
Q4 25
31.40×
Q3 25
2.25×
Q2 25
3.10×
2.22×
Q1 25
1.91×
Q4 24
1.11×
5.05×
Q3 24
1.63×
Q2 24
2.95×
Q1 24
0.54×
1.75×

Financial Flow Comparison

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

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