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Side-by-side financial comparison of Taysha Gene Therapies, Inc. (TSHA) and VirTra, Inc (VTSI). Click either name above to swap in a different company.

Taysha Gene Therapies, Inc. is the larger business by last-quarter revenue ($5.5M vs $2.9M, roughly 1.9× VirTra, Inc). VirTra, Inc runs the higher net margin — -27.2% vs -507.8%, a 480.6% gap on every dollar of revenue. On growth, Taysha Gene Therapies, Inc. posted the faster year-over-year revenue change (171.3% vs -46.5%). Over the past eight quarters, Taysha Gene Therapies, Inc.'s revenue compounded faster (26.8% CAGR vs -37.0%).

Taysha Gene Therapies, Inc. is a clinical-stage biotechnology company specializing in developing adeno-associated virus (AAV)-based gene therapies for rare monogenic central nervous system disorders with high unmet medical needs. Its core pipeline targets serious life-threatening neurological conditions, with primary operations and market focus across North America and European regions.

VirTra, Inc. is a global provider of highly realistic immersive training simulators and supporting curriculum, primarily serving law enforcement agencies, military units, and public safety organizations. Its scenario-based training systems are designed to enhance frontline personnel's decision-making, de-escalation skills, and on-duty operational safety.

TSHA vs VTSI — Head-to-Head

Bigger by revenue
TSHA
TSHA
1.9× larger
TSHA
$5.5M
$2.9M
VTSI
Growing faster (revenue YoY)
TSHA
TSHA
+217.8% gap
TSHA
171.3%
-46.5%
VTSI
Higher net margin
VTSI
VTSI
480.6% more per $
VTSI
-27.2%
-507.8%
TSHA
Faster 2-yr revenue CAGR
TSHA
TSHA
Annualised
TSHA
26.8%
-37.0%
VTSI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TSHA
TSHA
VTSI
VTSI
Revenue
$5.5M
$2.9M
Net Profit
$-27.9M
$-792.4K
Gross Margin
57.5%
Operating Margin
-516.0%
-47.9%
Net Margin
-507.8%
-27.2%
Revenue YoY
171.3%
-46.5%
Net Profit YoY
-48.3%
10.8%
EPS (diluted)
$-0.08
$-0.08

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
TSHA
TSHA
VTSI
VTSI
Q4 25
$5.5M
$2.9M
Q3 25
$0
$5.3M
Q2 25
$2.0M
$7.0M
Q1 25
$2.3M
$7.2M
Q4 24
$2.0M
$5.4M
Q3 24
$1.8M
$7.5M
Q2 24
$1.1M
$6.1M
Q1 24
$3.4M
$7.3M
Net Profit
TSHA
TSHA
VTSI
VTSI
Q4 25
$-27.9M
$-792.4K
Q3 25
$-32.7M
$-388.6K
Q2 25
$-26.9M
$175.3K
Q1 25
$-21.5M
$1.3M
Q4 24
$-18.8M
$-888.3K
Q3 24
$-25.5M
$583.1K
Q2 24
$-20.9M
$1.2M
Q1 24
$-24.1M
$468.2K
Gross Margin
TSHA
TSHA
VTSI
VTSI
Q4 25
57.5%
Q3 25
65.8%
Q2 25
69.0%
Q1 25
72.6%
Q4 24
67.5%
Q3 24
73.5%
Q2 24
90.9%
Q1 24
64.2%
Operating Margin
TSHA
TSHA
VTSI
VTSI
Q4 25
-516.0%
-47.9%
Q3 25
-8.4%
Q2 25
-1347.1%
13.1%
Q1 25
-930.5%
19.1%
Q4 24
-985.8%
-9.9%
Q3 24
-1448.4%
10.1%
Q2 24
-1915.4%
18.6%
Q1 24
-713.3%
8.9%
Net Margin
TSHA
TSHA
VTSI
VTSI
Q4 25
-507.8%
-27.2%
Q3 25
-7.3%
Q2 25
-1353.6%
2.5%
Q1 25
-935.2%
17.7%
Q4 24
-929.0%
-16.3%
Q3 24
-1427.5%
7.8%
Q2 24
-1882.0%
19.8%
Q1 24
-705.4%
6.4%
EPS (diluted)
TSHA
TSHA
VTSI
VTSI
Q4 25
$-0.08
$-0.08
Q3 25
$-0.09
$-0.03
Q2 25
$-0.09
$0.02
Q1 25
$-0.08
$0.11
Q4 24
$-0.07
$-0.08
Q3 24
$-0.10
$0.05
Q2 24
$-0.09
$0.11
Q1 24
$-0.10
$0.04

Balance Sheet & Financial Strength

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

Metric
TSHA
TSHA
VTSI
VTSI
Cash + ST InvestmentsLiquidity on hand
$319.8M
$18.6M
Total DebtLower is stronger
$7.5M
Stockholders' EquityBook value
$246.9M
$45.6M
Total Assets
$343.3M
$65.1M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSHA
TSHA
VTSI
VTSI
Q4 25
$319.8M
$18.6M
Q3 25
$297.3M
$20.8M
Q2 25
$312.8M
$20.7M
Q1 25
$116.6M
$17.6M
Q4 24
$139.0M
$18.0M
Q3 24
$157.7M
$19.7M
Q2 24
$172.7M
$18.4M
Q1 24
$124.0M
$22.4M
Total Debt
TSHA
TSHA
VTSI
VTSI
Q4 25
$7.5M
Q3 25
Q2 25
Q1 25
Q4 24
$7.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TSHA
TSHA
VTSI
VTSI
Q4 25
$246.9M
$45.6M
Q3 25
$219.0M
$46.3M
Q2 25
$248.7M
$46.8M
Q1 25
$55.1M
$46.5M
Q4 24
$71.5M
$45.2M
Q3 24
$88.8M
$45.7M
Q2 24
$108.9M
$44.9M
Q1 24
$53.8M
$43.5M
Total Assets
TSHA
TSHA
VTSI
VTSI
Q4 25
$343.3M
$65.1M
Q3 25
$316.6M
$66.2M
Q2 25
$333.3M
$67.4M
Q1 25
$138.4M
$66.8M
Q4 24
$160.4M
$65.0M
Q3 24
$180.2M
$66.1M
Q2 24
$200.4M
$66.0M
Q1 24
$153.0M
$69.4M
Debt / Equity
TSHA
TSHA
VTSI
VTSI
Q4 25
0.17×
Q3 25
Q2 25
Q1 25
Q4 24
0.17×
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
TSHA
TSHA
VTSI
VTSI
Operating Cash FlowLast quarter
$-26.7M
$-1.5M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-72.5%
Capex IntensityCapex / Revenue
21.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSHA
TSHA
VTSI
VTSI
Q4 25
$-26.7M
$-1.5M
Q3 25
$-24.2M
$36.3K
Q2 25
$-20.2M
$6.0M
Q1 25
$-22.0M
$65.7K
Q4 24
$-18.3M
$-908.7K
Q3 24
$-21.6M
$897.7K
Q2 24
$-21.5M
$-3.9M
Q1 24
$-19.8M
$5.1M
Free Cash Flow
TSHA
TSHA
VTSI
VTSI
Q4 25
$-2.1M
Q3 25
$-24.3M
$-61.2K
Q2 25
$5.4M
Q1 25
$-362.7K
Q4 24
$-18.3M
$-1.1M
Q3 24
$-21.6M
$814.2K
Q2 24
$-21.7M
$-3.9M
Q1 24
$-19.9M
$3.6M
FCF Margin
TSHA
TSHA
VTSI
VTSI
Q4 25
-72.5%
Q3 25
-1.1%
Q2 25
77.6%
Q1 25
-5.1%
Q4 24
-905.5%
-19.5%
Q3 24
-1210.9%
10.9%
Q2 24
-1951.9%
-64.7%
Q1 24
-584.5%
48.9%
Capex Intensity
TSHA
TSHA
VTSI
VTSI
Q4 25
21.2%
Q3 25
1.8%
Q2 25
8.1%
Q1 25
6.0%
Q4 24
0.1%
2.8%
Q3 24
2.0%
1.1%
Q2 24
18.1%
1.0%
Q1 24
4.1%
21.1%
Cash Conversion
TSHA
TSHA
VTSI
VTSI
Q4 25
Q3 25
Q2 25
34.12×
Q1 25
0.05×
Q4 24
Q3 24
1.54×
Q2 24
-3.22×
Q1 24
10.97×

Financial Flow Comparison

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

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