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Side-by-side financial comparison of Avidia Bancorp, Inc. (AVBC) and LIGHTPATH TECHNOLOGIES INC (LPTH). Click either name above to swap in a different company.

Avidia Bancorp, Inc. is the larger business by last-quarter revenue ($26.8M vs $16.4M, roughly 1.6× LIGHTPATH TECHNOLOGIES INC). Avidia Bancorp, Inc. runs the higher net margin — 22.9% vs -57.5%, a 80.4% gap on every dollar of revenue. Avidia Bancorp, Inc. produced more free cash flow last quarter ($24.1M vs $2.0M).

Avidia Bank is an American mutual community bank headquartered in Hudson, Massachusetts. It was founded in 2007 when it was formed by a merger between Hudson Savings Bank and Westborough Bank.

LightPath Technologies Inc designs, manufactures and distributes high-precision optical components and assemblies, including aspheric lenses, infrared optics, and fiber optic products. It serves global clients across industrial automation, aerospace, defense, medical imaging, and telecommunications sectors.

AVBC vs LPTH — Head-to-Head

Bigger by revenue
AVBC
AVBC
1.6× larger
AVBC
$26.8M
$16.4M
LPTH
Higher net margin
AVBC
AVBC
80.4% more per $
AVBC
22.9%
-57.5%
LPTH
More free cash flow
AVBC
AVBC
$22.1M more FCF
AVBC
$24.1M
$2.0M
LPTH

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
AVBC
AVBC
LPTH
LPTH
Revenue
$26.8M
$16.4M
Net Profit
$5.3M
$-9.4M
Gross Margin
36.8%
Operating Margin
33.3%
-52.6%
Net Margin
22.9%
-57.5%
Revenue YoY
120.2%
Net Profit YoY
-260.1%
EPS (diluted)
$-0.20

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
AVBC
AVBC
LPTH
LPTH
Q4 25
$26.8M
$16.4M
Q3 25
$28.0M
$15.1M
Q2 25
$25.9M
$12.2M
Q1 25
$22.9M
$9.2M
Q4 24
$7.4M
Q3 24
$8.4M
Q2 24
$8.6M
Q1 24
$7.7M
Net Profit
AVBC
AVBC
LPTH
LPTH
Q4 25
$5.3M
$-9.4M
Q3 25
$-907.0K
$-2.9M
Q2 25
$3.9M
$-7.1M
Q1 25
$-11.6M
$-3.6M
Q4 24
$-2.6M
Q3 24
$-1.6M
Q2 24
$-2.4M
Q1 24
$-2.6M
Gross Margin
AVBC
AVBC
LPTH
LPTH
Q4 25
36.8%
Q3 25
29.8%
Q2 25
22.0%
Q1 25
29.1%
Q4 24
26.0%
Q3 24
33.9%
Q2 24
29.2%
Q1 24
20.9%
Operating Margin
AVBC
AVBC
LPTH
LPTH
Q4 25
33.3%
-52.6%
Q3 25
-7.0%
-16.6%
Q2 25
19.4%
-38.0%
Q1 25
-72.0%
-36.3%
Q4 24
-33.5%
Q3 24
-16.4%
Q2 24
-25.6%
Q1 24
-33.6%
Net Margin
AVBC
AVBC
LPTH
LPTH
Q4 25
22.9%
-57.5%
Q3 25
-3.2%
-19.2%
Q2 25
15.0%
-57.8%
Q1 25
-50.5%
-39.1%
Q4 24
-35.2%
Q3 24
-19.3%
Q2 24
-27.3%
Q1 24
-33.7%
EPS (diluted)
AVBC
AVBC
LPTH
LPTH
Q4 25
$-0.20
Q3 25
$-0.05
$-0.07
Q2 25
$0.19
Q1 25
$-0.44
Q4 24
$-0.07
Q3 24
$-0.04
Q2 24
$-0.15
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
AVBC
AVBC
LPTH
LPTH
Cash + ST InvestmentsLiquidity on hand
$275.0M
$73.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$379.0M
$77.9M
Total Assets
$2.8B
$148.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVBC
AVBC
LPTH
LPTH
Q4 25
$275.0M
$73.6M
Q3 25
$208.3M
Q2 25
$592.5M
$4.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
AVBC
AVBC
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$535.0K
Q1 24
$599.4K
Stockholders' Equity
AVBC
AVBC
LPTH
LPTH
Q4 25
$379.0M
$77.9M
Q3 25
$372.0M
$21.4M
Q2 25
$191.4M
$15.6M
Q1 25
$186.1M
$15.7M
Q4 24
$26.7M
Q3 24
$29.4M
Q2 24
$30.2M
Q1 24
$31.7M
Total Assets
AVBC
AVBC
LPTH
LPTH
Q4 25
$2.8B
$148.6M
Q3 25
$2.8B
$87.3M
Q2 25
$3.0B
$81.5M
Q1 25
$2.7B
$81.4M
Q4 24
$45.8M
Q3 24
$48.4M
Q2 24
$48.1M
Q1 24
$49.7M
Debt / Equity
AVBC
AVBC
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.02×
Q1 24
0.02×

Cash Flow & Capital Efficiency

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

Metric
AVBC
AVBC
LPTH
LPTH
Operating Cash FlowLast quarter
$28.4M
$2.8M
Free Cash FlowOCF − Capex
$24.1M
$2.0M
FCF MarginFCF / Revenue
89.9%
12.0%
Capex IntensityCapex / Revenue
16.0%
5.3%
Cash ConversionOCF / Net Profit
5.32×
TTM Free Cash FlowTrailing 4 quarters
$40.2M
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVBC
AVBC
LPTH
LPTH
Q4 25
$28.4M
$2.8M
Q3 25
$24.1M
$-1.1M
Q2 25
$-2.3M
$-2.6M
Q1 25
$-2.2M
$-3.2M
Q4 24
$-737.4K
Q3 24
$-1.7M
Q2 24
$64.7K
Q1 24
$-394.2K
Free Cash Flow
AVBC
AVBC
LPTH
LPTH
Q4 25
$24.1M
$2.0M
Q3 25
$23.3M
$-1.2M
Q2 25
$-3.3M
$-3.3M
Q1 25
$-3.9M
$-3.7M
Q4 24
$-817.8K
Q3 24
$-1.8M
Q2 24
$-225.5K
Q1 24
$-802.5K
FCF Margin
AVBC
AVBC
LPTH
LPTH
Q4 25
89.9%
12.0%
Q3 25
83.2%
-8.1%
Q2 25
-12.8%
-27.3%
Q1 25
-16.9%
-40.0%
Q4 24
-11.0%
Q3 24
-21.2%
Q2 24
-2.6%
Q1 24
-10.4%
Capex Intensity
AVBC
AVBC
LPTH
LPTH
Q4 25
16.0%
5.3%
Q3 25
3.1%
0.5%
Q2 25
3.7%
5.6%
Q1 25
7.2%
4.6%
Q4 24
1.1%
Q3 24
0.9%
Q2 24
3.4%
Q1 24
5.3%
Cash Conversion
AVBC
AVBC
LPTH
LPTH
Q4 25
5.32×
Q3 25
Q2 25
-0.60×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVBC
AVBC

Segment breakdown not available.

LPTH
LPTH

Other$7.9M48%
Infrared Components$5.0M31%
Visible Components$3.4M21%

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