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Side-by-side financial comparison of Taysha Gene Therapies, Inc. (TSHA) and cbdMD, Inc. (YCBD). 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 $5.0M, roughly 1.1× cbdMD, Inc.). cbdMD, Inc. runs the higher net margin — -5.6% vs -507.8%, a 502.1% gap on every dollar of revenue. On growth, Taysha Gene Therapies, Inc. posted the faster year-over-year revenue change (171.3% vs -1.9%). Over the past eight quarters, Taysha Gene Therapies, Inc.'s revenue compounded faster (26.8% CAGR vs 7.1%).

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.

cbdMD, Inc. is a U.S.-based consumer wellness company that manufactures and distributes hemp-derived CBD products, including tinctures, topicals, gummies, pet care items, and bath products. All offerings undergo third-party quality testing, and are sold via e-commerce platforms, brick-and-mortar retail stores, and wellness partner channels primarily across the United States.

TSHA vs YCBD — Head-to-Head

Bigger by revenue
TSHA
TSHA
1.1× larger
TSHA
$5.5M
$5.0M
YCBD
Growing faster (revenue YoY)
TSHA
TSHA
+173.2% gap
TSHA
171.3%
-1.9%
YCBD
Higher net margin
YCBD
YCBD
502.1% more per $
YCBD
-5.6%
-507.8%
TSHA
Faster 2-yr revenue CAGR
TSHA
TSHA
Annualised
TSHA
26.8%
7.1%
YCBD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
TSHA
TSHA
YCBD
YCBD
Revenue
$5.5M
$5.0M
Net Profit
$-27.9M
$-283.1K
Gross Margin
59.8%
Operating Margin
-516.0%
-5.7%
Net Margin
-507.8%
-5.6%
Revenue YoY
171.3%
-1.9%
Net Profit YoY
-48.3%
-1975.7%
EPS (diluted)
$-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
YCBD
YCBD
Q4 25
$5.5M
$5.0M
Q3 25
$0
$4.7M
Q2 25
$2.0M
$4.6M
Q1 25
$2.3M
$4.7M
Q4 24
$2.0M
$5.1M
Q3 24
$1.8M
$4.6M
Q2 24
$1.1M
$5.2M
Q1 24
$3.4M
$4.4M
Net Profit
TSHA
TSHA
YCBD
YCBD
Q4 25
$-27.9M
$-283.1K
Q3 25
$-32.7M
$-680.0K
Q2 25
$-26.9M
$-895.3K
Q1 25
$-21.5M
$-480.8K
Q4 24
$-18.8M
$15.1K
Q3 24
$-25.5M
$-152.8K
Q2 24
$-20.9M
$459.7K
Q1 24
$-24.1M
$-3.0M
Gross Margin
TSHA
TSHA
YCBD
YCBD
Q4 25
59.8%
Q3 25
58.8%
Q2 25
61.5%
Q1 25
62.3%
Q4 24
66.5%
Q3 24
53.9%
Q2 24
65.8%
Q1 24
59.0%
Operating Margin
TSHA
TSHA
YCBD
YCBD
Q4 25
-516.0%
-5.7%
Q3 25
-14.5%
Q2 25
-1347.1%
-19.6%
Q1 25
-930.5%
-10.2%
Q4 24
-985.8%
-1.7%
Q3 24
-1448.4%
-6.9%
Q2 24
-1915.4%
-7.4%
Q1 24
-713.3%
-35.4%
Net Margin
TSHA
TSHA
YCBD
YCBD
Q4 25
-507.8%
-5.6%
Q3 25
-14.4%
Q2 25
-1353.6%
-19.4%
Q1 25
-935.2%
-10.1%
Q4 24
-929.0%
0.3%
Q3 24
-1427.5%
-3.4%
Q2 24
-1882.0%
8.9%
Q1 24
-705.4%
-68.8%
EPS (diluted)
TSHA
TSHA
YCBD
YCBD
Q4 25
$-0.08
Q3 25
$-0.09
Q2 25
$-0.09
Q1 25
$-0.08
Q4 24
$-0.07
Q3 24
$-0.10
Q2 24
$-0.09
$-0.15
Q1 24
$-0.10
$-1.35

Balance Sheet & Financial Strength

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

Metric
TSHA
TSHA
YCBD
YCBD
Cash + ST InvestmentsLiquidity on hand
$319.8M
$3.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.9M
$9.0M
Total Assets
$343.3M
$11.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSHA
TSHA
YCBD
YCBD
Q4 25
$319.8M
$3.4M
Q3 25
$297.3M
$2.3M
Q2 25
$312.8M
$1.1M
Q1 25
$116.6M
$1.8M
Q4 24
$139.0M
$2.0M
Q3 24
$157.7M
$2.5M
Q2 24
$172.7M
$2.4M
Q1 24
$124.0M
$2.1M
Stockholders' Equity
TSHA
TSHA
YCBD
YCBD
Q4 25
$246.9M
$9.0M
Q3 25
$219.0M
$7.2M
Q2 25
$248.7M
$6.1M
Q1 25
$55.1M
$665.8K
Q4 24
$71.5M
$1.8M
Q3 24
$88.8M
$2.0M
Q2 24
$108.9M
$3.0M
Q1 24
$53.8M
$3.1M
Total Assets
TSHA
TSHA
YCBD
YCBD
Q4 25
$343.3M
$11.8M
Q3 25
$316.6M
$10.4M
Q2 25
$333.3M
$9.9M
Q1 25
$138.4M
$10.9M
Q4 24
$160.4M
$11.5M
Q3 24
$180.2M
$10.6M
Q2 24
$200.4M
$13.8M
Q1 24
$153.0M
$14.6M

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
YCBD
YCBD
Operating Cash FlowLast quarter
$-26.7M
$-812.5K
Free Cash FlowOCF − Capex
$-977.3K
FCF MarginFCF / Revenue
-19.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSHA
TSHA
YCBD
YCBD
Q4 25
$-26.7M
$-812.5K
Q3 25
$-24.2M
$-240.7K
Q2 25
$-20.2M
$-704.2K
Q1 25
$-22.0M
$-189.5K
Q4 24
$-18.3M
$-317.9K
Q3 24
$-21.6M
$167.4K
Q2 24
$-21.5M
$289.8K
Q1 24
$-19.8M
$-704.1K
Free Cash Flow
TSHA
TSHA
YCBD
YCBD
Q4 25
$-977.3K
Q3 25
$-24.3M
$-243.6K
Q2 25
$-705.7K
Q1 25
$-205.0K
Q4 24
$-18.3M
$-482.3K
Q3 24
$-21.6M
$157.4K
Q2 24
$-21.7M
Q1 24
$-19.9M
$-708.7K
FCF Margin
TSHA
TSHA
YCBD
YCBD
Q4 25
-19.5%
Q3 25
-5.2%
Q2 25
-15.3%
Q1 25
-4.3%
Q4 24
-905.5%
-9.4%
Q3 24
-1210.9%
3.5%
Q2 24
-1951.9%
Q1 24
-584.5%
-16.2%
Capex Intensity
TSHA
TSHA
YCBD
YCBD
Q4 25
3.3%
Q3 25
0.1%
Q2 25
0.0%
Q1 25
0.3%
Q4 24
0.1%
3.2%
Q3 24
2.0%
0.2%
Q2 24
18.1%
0.0%
Q1 24
4.1%
0.1%
Cash Conversion
TSHA
TSHA
YCBD
YCBD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-21.06×
Q3 24
Q2 24
0.63×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

TSHA
TSHA

Segment breakdown not available.

YCBD
YCBD

Sales Channel Directly To Consumer$3.6M72%
Sales Channel Through Intermediary$1.4M28%

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