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Side-by-side financial comparison of Aeluma, Inc. (ALMU) and Laser Photonics Corp (LASE). Click either name above to swap in a different company.
Aeluma, Inc. is the larger business by last-quarter revenue ($1.3M vs $919.3K, roughly 1.4× Laser Photonics Corp). Aeluma, Inc. runs the higher net margin — -145.7% vs -506.4%, a 360.8% gap on every dollar of revenue. On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs -21.1%).
Aeluma, Inc. is a U.S.-headquartered technology firm focused on the design, development, and production of high-performance optoelectronic components and semiconductor products. Its core offerings include photonic sensors and laser diodes, serving the LiDAR, 5G/6G communication, industrial sensing, and automotive markets across North America and the Asia-Pacific region.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
ALMU vs LASE — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3M | $919.3K |
| Net Profit | $-1.9M | $-4.7M |
| Gross Margin | 27.8% | -20.1% |
| Operating Margin | -163.6% | -350.0% |
| Net Margin | -145.7% | -506.4% |
| Revenue YoY | -21.1% | 28.3% |
| Net Profit YoY | 36.0% | -186.5% |
| EPS (diluted) | $-0.11 | $-0.27 |
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.
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.4M | $919.3K | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $716.7K | ||
| Q2 24 | — | $623.4K | ||
| Q1 24 | — | $743.0K |
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $-1.5M | $-4.7M | ||
| Q2 25 | — | $-1.8M | ||
| Q1 25 | — | $-1.7M | ||
| Q4 24 | — | $586.4K | ||
| Q3 24 | — | $-1.6M | ||
| Q2 24 | — | $-934.3K | ||
| Q1 24 | — | $-545.7K |
| Q4 25 | 27.8% | — | ||
| Q3 25 | 49.4% | -20.1% | ||
| Q2 25 | — | 53.5% | ||
| Q1 25 | — | 49.8% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 51.9% |
| Q4 25 | -163.6% | — | ||
| Q3 25 | -116.1% | -350.0% | ||
| Q2 25 | — | -37.0% | ||
| Q1 25 | — | -68.7% | ||
| Q4 24 | — | -255.1% | ||
| Q3 24 | — | -238.0% | ||
| Q2 24 | — | -149.4% | ||
| Q1 24 | — | -73.8% |
| Q4 25 | -145.7% | — | ||
| Q3 25 | -107.8% | -506.4% | ||
| Q2 25 | — | -68.3% | ||
| Q1 25 | — | -73.4% | ||
| Q4 24 | — | 45.7% | ||
| Q3 24 | — | -226.8% | ||
| Q2 24 | — | -149.9% | ||
| Q1 24 | — | -73.4% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.09 | $-0.27 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.6M | $3.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $40.8M | $4.1M |
| Total Assets | $42.6M | $17.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | — | ||
| Q3 25 | $25.9M | $3.6M | ||
| Q2 25 | — | $78.5K | ||
| Q1 25 | — | $179.1K | ||
| Q4 24 | — | $533.9K | ||
| Q3 24 | — | $2.1M | ||
| Q2 24 | — | $2.7M | ||
| Q1 24 | — | $5.2M |
| Q4 25 | $40.8M | — | ||
| Q3 25 | $40.9M | $4.1M | ||
| Q2 25 | — | $4.3M | ||
| Q1 25 | — | $6.8M | ||
| Q4 24 | — | $10.2M | ||
| Q3 24 | — | $9.7M | ||
| Q2 24 | — | $10.3M | ||
| Q1 24 | — | $12.4M |
| Q4 25 | $42.6M | — | ||
| Q3 25 | $42.7M | $17.5M | ||
| Q2 25 | — | $14.9M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | — | $17.2M | ||
| Q3 24 | — | $10.6M | ||
| Q2 24 | — | $11.1M | ||
| Q1 24 | — | $13.6M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-251.0K | $763.1K |
| Free Cash FlowOCF − Capex | $-282.0K | — |
| FCF MarginFCF / Revenue | -22.2% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-251.0K | — | ||
| Q3 25 | $-815.0K | $763.1K | ||
| Q2 25 | — | $-1.0M | ||
| Q1 25 | — | $-1.2M | ||
| Q4 24 | — | $-6.5M | ||
| Q3 24 | — | $632.7K | ||
| Q2 24 | — | $-2.4M | ||
| Q1 24 | — | $-866.3K |
| Q4 25 | $-282.0K | — | ||
| Q3 25 | $-1.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $589.6K | ||
| Q2 24 | — | $-2.4M | ||
| Q1 24 | — | $-1.0M |
| Q4 25 | -22.2% | — | ||
| Q3 25 | -74.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 82.3% | ||
| Q2 24 | — | -388.0% | ||
| Q1 24 | — | -136.9% |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -11.11× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
