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Side-by-side financial comparison of Ascent Solar Technologies, Inc. (ASTI) and Nuburu, Inc. (BURU). Click either name above to swap in a different company.
Ascent Solar Technologies, Inc. produced more free cash flow last quarter ($-6.9M vs $-13.1M). Over the past eight quarters, Ascent Solar Technologies, Inc.'s revenue compounded faster (67.1% CAGR vs -100.0%).
Ascent Solar Technologies, Inc. is a publicly traded photovoltaic (PV) company located in Thornton, Colorado. Its primary product is a flexible CIGS solar cell on a plastic substrate.
Nuburu, Inc. is an advanced industrial technology firm specializing in the design, manufacturing, and distribution of high-performance blue laser solutions. Its products are primarily applied in industrial scenarios including metal welding, additive manufacturing, and power battery production, serving global clients across the automotive, aerospace, and consumer electronics sectors.
ASTI vs BURU — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.6K | $0 |
| Net Profit | — | $-27.8M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | — | — |
| Revenue YoY | — | — |
| Net Profit YoY | -42.3% | -135.2% |
| EPS (diluted) | — | $-1.59 |
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 | $15.6K | $0 | ||
| Q3 25 | $28.5K | $0 | ||
| Q2 25 | $17.0K | $0 | ||
| Q1 25 | $15.6K | $0 | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $8.6K | $0 | ||
| Q2 24 | $27.7K | — | ||
| Q1 24 | $5.6K | — |
| Q4 25 | — | $-27.8M | ||
| Q3 25 | $-2.0M | $-22.4M | ||
| Q2 25 | $-2.1M | $-12.2M | ||
| Q1 25 | $-1.7M | $-16.6M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-1.7M | $-4.3M | ||
| Q2 24 | $-3.4M | — | ||
| Q1 24 | $-2.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | -6892.3% | — | ||
| Q2 25 | -12316.8% | — | ||
| Q1 25 | -11177.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -26443.2% | — | ||
| Q2 24 | -8490.7% | — | ||
| Q1 24 | -44206.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | -7081.3% | — | ||
| Q2 25 | -12177.3% | — | ||
| Q1 25 | -10716.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -19776.2% | — | ||
| Q2 24 | -12420.5% | — | ||
| Q1 24 | -45316.8% | — |
| Q4 25 | — | $-1.59 | ||
| Q3 25 | $-0.62 | $-0.20 | ||
| Q2 25 | $-1.17 | $-0.18 | ||
| Q1 25 | $-1.13 | $-0.28 | ||
| Q4 24 | $50.75 | — | ||
| Q3 24 | $-1.37 | $-1.11 | ||
| Q2 24 | $-6.76 | — | ||
| Q1 24 | $-53.00 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.8M | $24.7M |
| Total DebtLower is stronger | — | $25.5M |
| Stockholders' EquityBook value | $3.3M | $-15.2M |
| Total Assets | $6.3M | $49.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8M | $24.7M | ||
| Q3 25 | $2.1M | $5.9M | ||
| Q2 25 | $3.0M | $111.1K | ||
| Q1 25 | $2.3M | $70.9K | ||
| Q4 24 | $3.2M | — | ||
| Q3 24 | $3.7M | $232.1K | ||
| Q2 24 | $5.8M | — | ||
| Q1 24 | $187.5K | — |
| Q4 25 | — | $25.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $8.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3M | $-15.2M | ||
| Q3 25 | $2.7M | $-53.9M | ||
| Q2 25 | $3.4M | $-44.7M | ||
| Q1 25 | $2.6M | $-39.0M | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $-3.3M | $-36.3M | ||
| Q2 24 | $4.2M | — | ||
| Q1 24 | $-2.6M | — |
| Q4 25 | $6.3M | $49.8M | ||
| Q3 25 | $5.8M | $13.2M | ||
| Q2 25 | $6.8M | $2.5M | ||
| Q1 25 | $6.2M | $1.3M | ||
| Q4 24 | $7.1M | — | ||
| Q3 24 | $7.9M | $7.8M | ||
| Q2 24 | $10.2M | — | ||
| Q1 24 | $5.0M | — |
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 | $-6.9M | $-9.0M |
| Free Cash FlowOCF − Capex | $-6.9M | $-13.1M |
| FCF MarginFCF / Revenue | -44350.5% | — |
| Capex IntensityCapex / Revenue | 204.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.9M | $-9.0M | ||
| Q3 25 | $-1.7M | $-3.1M | ||
| Q2 25 | $-1.8M | $-2.1M | ||
| Q1 25 | $-1.6M | $-1.9M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-2.1M | $-1.2M | ||
| Q2 24 | $-3.6M | — | ||
| Q1 24 | $-1.2M | — |
| Q4 25 | $-6.9M | $-13.1M | ||
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $-1.8M | — | ||
| Q1 25 | $-1.6M | $-2.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -44350.5% | — | ||
| Q3 25 | -6182.5% | — | ||
| Q2 25 | -10692.4% | — | ||
| Q1 25 | -9923.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 204.7% | — | ||
| Q3 25 | 103.3% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
