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Side-by-side financial comparison of Atai Beckley N.V. (ATAI) and Laser Photonics Corp (LASE). Click either name above to swap in a different company.

Laser Photonics Corp is the larger business by last-quarter revenue ($919.3K vs $749.0K, roughly 1.2× Atai Beckley N.V.). Laser Photonics Corp runs the higher net margin — -506.4% vs -8154.1%, a 7647.6% gap on every dollar of revenue. On growth, Atai Beckley N.V. posted the faster year-over-year revenue change (1772.5% vs 28.3%). Over the past eight quarters, Atai Beckley N.V.'s revenue compounded faster (545.1% CAGR vs -3.9%).

atai Life Sciences is a pharmaceutical company that is developing psychedelics, other hallucinogens, entactogens, and related drugs for treatment of psychiatric conditions. It was founded in 2018 and is headquartered in Berlin, Germany.

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.

ATAI vs LASE — Head-to-Head

Bigger by revenue
LASE
LASE
1.2× larger
LASE
$919.3K
$749.0K
ATAI
Growing faster (revenue YoY)
ATAI
ATAI
+1744.2% gap
ATAI
1772.5%
28.3%
LASE
Higher net margin
LASE
LASE
7647.6% more per $
LASE
-506.4%
-8154.1%
ATAI
Faster 2-yr revenue CAGR
ATAI
ATAI
Annualised
ATAI
545.1%
-3.9%
LASE

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ATAI
ATAI
LASE
LASE
Revenue
$749.0K
$919.3K
Net Profit
$-61.1M
$-4.7M
Gross Margin
-20.1%
Operating Margin
-3796.5%
-350.0%
Net Margin
-8154.1%
-506.4%
Revenue YoY
1772.5%
28.3%
Net Profit YoY
-132.3%
-186.5%
EPS (diluted)
$-0.28
$-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.

Revenue
ATAI
ATAI
LASE
LASE
Q3 25
$749.0K
$919.3K
Q2 25
$719.0K
$2.6M
Q1 25
$1.6M
$2.3M
Q4 24
$-5.0K
$1.3M
Q3 24
$40.0K
$716.7K
Q2 24
$273.0K
$623.4K
Q1 24
$0
$743.0K
Q4 23
$18.0K
$994.6K
Net Profit
ATAI
ATAI
LASE
LASE
Q3 25
$-61.1M
$-4.7M
Q2 25
$-27.7M
$-1.8M
Q1 25
$-26.4M
$-1.7M
Q4 24
$-39.0M
$586.4K
Q3 24
$-26.3M
$-1.6M
Q2 24
$-57.3M
$-934.3K
Q1 24
$-26.7M
$-545.7K
Q4 23
$-486.6K
Gross Margin
ATAI
ATAI
LASE
LASE
Q3 25
-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 23
84.5%
Operating Margin
ATAI
ATAI
LASE
LASE
Q3 25
-3796.5%
-350.0%
Q2 25
-3515.0%
-37.0%
Q1 25
-1310.0%
-68.7%
Q4 24
605500.0%
-255.1%
Q3 24
-56505.0%
-238.0%
Q2 24
-9424.5%
-149.4%
Q1 24
-73.8%
Q4 23
-88.4%
Net Margin
ATAI
ATAI
LASE
LASE
Q3 25
-8154.1%
-506.4%
Q2 25
-3856.6%
-68.3%
Q1 25
-1699.7%
-73.4%
Q4 24
779160.0%
45.7%
Q3 24
-65715.0%
-226.8%
Q2 24
-20993.4%
-149.9%
Q1 24
-73.4%
Q4 23
-48.9%
EPS (diluted)
ATAI
ATAI
LASE
LASE
Q3 25
$-0.28
$-0.27
Q2 25
$-0.14
$-0.12
Q1 25
$-0.15
$-0.12
Q4 24
$-0.24
$0.06
Q3 24
$-0.16
$-0.13
Q2 24
$-0.36
$-0.09
Q1 24
$-0.17
$-0.06
Q4 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
ATAI
ATAI
LASE
LASE
Cash + ST InvestmentsLiquidity on hand
$30.4M
$3.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$159.8M
$4.1M
Total Assets
$239.8M
$17.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAI
ATAI
LASE
LASE
Q3 25
$30.4M
$3.6M
Q2 25
$61.9M
$78.5K
Q1 25
$48.3M
$179.1K
Q4 24
$17.5M
$533.9K
Q3 24
$30.0M
$2.1M
Q2 24
$19.3M
$2.7M
Q1 24
$18.9M
$5.2M
Q4 23
$45.0M
$6.2M
Total Debt
ATAI
ATAI
LASE
LASE
Q3 25
$0
Q2 25
$0
Q1 25
$9.3M
Q4 24
$14.1M
Q3 24
$20.3M
Q2 24
$15.2M
Q1 24
$15.1M
Q4 23
$15.0M
Stockholders' Equity
ATAI
ATAI
LASE
LASE
Q3 25
$159.8M
$4.1M
Q2 25
$143.7M
$4.3M
Q1 25
$152.1M
$6.8M
Q4 24
$116.3M
$10.2M
Q3 24
$145.7M
$9.7M
Q2 24
$167.9M
$10.3M
Q1 24
$222.5M
$12.4M
Q4 23
$243.0M
$13.9M
Total Assets
ATAI
ATAI
LASE
LASE
Q3 25
$239.8M
$17.5M
Q2 25
$189.2M
$14.9M
Q1 25
$195.8M
$16.0M
Q4 24
$159.4M
$17.2M
Q3 24
$197.5M
$10.6M
Q2 24
$215.8M
$11.1M
Q1 24
$269.1M
$13.6M
Q4 23
$293.5M
$15.1M
Debt / Equity
ATAI
ATAI
LASE
LASE
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.06×
Q4 24
0.12×
Q3 24
0.14×
Q2 24
0.09×
Q1 24
0.07×
Q4 23
0.06×

Cash Flow & Capital Efficiency

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

Metric
ATAI
ATAI
LASE
LASE
Operating Cash FlowLast quarter
$-23.3M
$763.1K
Free Cash FlowOCF − Capex
$-23.7M
FCF MarginFCF / Revenue
-3158.5%
Capex IntensityCapex / Revenue
52.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-80.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAI
ATAI
LASE
LASE
Q3 25
$-23.3M
$763.1K
Q2 25
$-14.1M
$-1.0M
Q1 25
$-17.8M
$-1.2M
Q4 24
$-24.3M
$-6.5M
Q3 24
$-19.3M
$632.7K
Q2 24
$-16.2M
$-2.4M
Q1 24
$-22.6M
$-866.3K
Q4 23
$-84.1M
$-2.0M
Free Cash Flow
ATAI
ATAI
LASE
LASE
Q3 25
$-23.7M
Q2 25
$-14.2M
Q1 25
$-18.1M
Q4 24
$-24.3M
Q3 24
$589.6K
Q2 24
$-2.4M
Q1 24
$-1.0M
Q4 23
$-84.4M
FCF Margin
ATAI
ATAI
LASE
LASE
Q3 25
-3158.5%
Q2 25
-1977.9%
Q1 25
-1164.6%
Q4 24
486020.0%
Q3 24
82.3%
Q2 24
-388.0%
Q1 24
-136.9%
Q4 23
-468761.1%
Capex Intensity
ATAI
ATAI
LASE
LASE
Q3 25
52.9%
Q2 25
17.7%
Q1 25
17.2%
Q4 24
-120.0%
Q3 24
0.0%
6.0%
Q2 24
0.0%
5.1%
Q1 24
20.3%
Q4 23
1438.9%
Cash Conversion
ATAI
ATAI
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
-11.11×
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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