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Side-by-side financial comparison of Nuburu, Inc. (BURU) and Byrna Technologies Inc. (BYRN). Click either name above to swap in a different company.

Byrna Technologies Inc. produced more free cash flow last quarter ($8.1M vs $-13.1M). Over the past eight quarters, Byrna Technologies Inc.'s revenue compounded faster (45.5% CAGR vs -100.0%).

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.

Byrna Technologies Inc. designs, manufactures and markets innovative less-lethal personal safety and self-defense products, including handheld kinetic launchers, specialized non-lethal projectiles and related accessories. Its core customer segments cover individual consumers, law enforcement agencies, private security firms and educational institutions, with primary markets across North America and expanding global distribution networks.

BURU vs BYRN — Head-to-Head

Bigger by revenue
BYRN
BYRN
Infinity× larger
BYRN
$35.2M
$0
BURU
More free cash flow
BYRN
BYRN
$21.3M more FCF
BYRN
$8.1M
$-13.1M
BURU
Faster 2-yr revenue CAGR
BYRN
BYRN
Annualised
BYRN
45.5%
-100.0%
BURU

Income Statement — Q4 2025 vs Q4 2025

Metric
BURU
BURU
BYRN
BYRN
Revenue
$0
$35.2M
Net Profit
$-27.8M
$3.4M
Gross Margin
59.8%
Operating Margin
11.2%
Net Margin
9.5%
Revenue YoY
26.0%
Net Profit YoY
-135.2%
-65.2%
EPS (diluted)
$-1.59
$0.14

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
BURU
BURU
BYRN
BYRN
Q4 25
$0
$35.2M
Q3 25
$0
$28.2M
Q2 25
$0
$28.5M
Q1 25
$0
$26.2M
Q4 24
$9.3K
$28.0M
Q3 24
$0
$20.9M
Q2 24
$49.3K
$20.3M
Q1 24
$93.5K
$16.7M
Net Profit
BURU
BURU
BYRN
BYRN
Q4 25
$-27.8M
$3.4M
Q3 25
$-22.4M
$2.2M
Q2 25
$-12.2M
$2.4M
Q1 25
$-16.6M
$1.7M
Q4 24
$-11.8M
$9.7M
Q3 24
$-4.3M
$1.0M
Q2 24
$-12.6M
$2.1M
Q1 24
$-5.7M
$17.0K
Gross Margin
BURU
BURU
BYRN
BYRN
Q4 25
59.8%
Q3 25
60.1%
Q2 25
61.6%
Q1 25
60.8%
Q4 24
-2640.3%
62.8%
Q3 24
62.4%
Q2 24
-1389.0%
62.0%
Q1 24
-816.1%
57.9%
Operating Margin
BURU
BURU
BYRN
BYRN
Q4 25
11.2%
Q3 25
10.2%
Q2 25
11.7%
Q1 25
6.5%
Q4 24
-31298.4%
14.6%
Q3 24
4.0%
Q2 24
-6565.2%
9.4%
Q1 24
-4840.6%
-1.0%
Net Margin
BURU
BURU
BYRN
BYRN
Q4 25
9.5%
Q3 25
7.9%
Q2 25
8.5%
Q1 25
6.3%
Q4 24
-127161.8%
34.6%
Q3 24
4.9%
Q2 24
-25648.1%
10.2%
Q1 24
-6098.5%
0.1%
EPS (diluted)
BURU
BURU
BYRN
BYRN
Q4 25
$-1.59
$0.14
Q3 25
$-0.20
$0.09
Q2 25
$-0.18
$0.10
Q1 25
$-0.28
$0.07
Q4 24
$-14.65
$0.42
Q3 24
$-1.11
$0.04
Q2 24
$-7.57
$0.09
Q1 24
$-6.18
$0.00

Balance Sheet & Financial Strength

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

Metric
BURU
BURU
BYRN
BYRN
Cash + ST InvestmentsLiquidity on hand
$24.7M
$15.5M
Total DebtLower is stronger
$25.5M
Stockholders' EquityBook value
$-15.2M
$65.8M
Total Assets
$49.8M
$84.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BURU
BURU
BYRN
BYRN
Q4 25
$24.7M
$15.5M
Q3 25
$5.9M
$9.0M
Q2 25
$111.1K
Q1 25
$70.9K
$19.3M
Q4 24
$209.3K
$25.7M
Q3 24
$232.1K
$20.1M
Q2 24
$117.2K
$24.8M
Q1 24
$231.9K
$24.2M
Total Debt
BURU
BURU
BYRN
BYRN
Q4 25
$25.5M
Q3 25
Q2 25
Q1 25
Q4 24
$9.2M
Q3 24
$8.7M
Q2 24
$7.8M
Q1 24
$9.8M
Stockholders' Equity
BURU
BURU
BYRN
BYRN
Q4 25
$-15.2M
$65.8M
Q3 25
$-53.9M
$63.1M
Q2 25
$-44.7M
$60.1M
Q1 25
$-39.0M
$56.8M
Q4 24
$-37.8M
$54.4M
Q3 24
$-36.3M
$44.5M
Q2 24
$-34.8M
$45.3M
Q1 24
$-37.4M
$43.2M
Total Assets
BURU
BURU
BYRN
BYRN
Q4 25
$49.8M
$84.5M
Q3 25
$13.2M
$78.6M
Q2 25
$2.5M
Q1 25
$1.3M
$71.0M
Q4 24
$7.0M
$71.9M
Q3 24
$7.8M
$59.0M
Q2 24
$8.4M
$57.5M
Q1 24
$8.0M
$52.7M

Cash Flow & Capital Efficiency

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

Metric
BURU
BURU
BYRN
BYRN
Operating Cash FlowLast quarter
$-9.0M
$9.9M
Free Cash FlowOCF − Capex
$-13.1M
$8.1M
FCF MarginFCF / Revenue
23.1%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
2.95×
TTM Free Cash FlowTrailing 4 quarters
$-9.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BURU
BURU
BYRN
BYRN
Q4 25
$-9.0M
$9.9M
Q3 25
$-3.1M
$-2.3M
Q2 25
$-2.1M
$-5.5M
Q1 25
$-1.9M
$-3.8M
Q4 24
$-1.1M
$7.3M
Q3 24
$-1.2M
$-1.4M
Q2 24
$-2.2M
$1.9M
Q1 24
$-2.1M
$3.9M
Free Cash Flow
BURU
BURU
BYRN
BYRN
Q4 25
$-13.1M
$8.1M
Q3 25
$-4.5M
Q2 25
$-6.4M
Q1 25
$-2.5M
$-6.4M
Q4 24
$6.3M
Q3 24
$-2.1M
Q2 24
$1.4M
Q1 24
$3.8M
FCF Margin
BURU
BURU
BYRN
BYRN
Q4 25
23.1%
Q3 25
-16.0%
Q2 25
-22.4%
Q1 25
-24.5%
Q4 24
22.5%
Q3 24
-10.0%
Q2 24
7.0%
Q1 24
22.6%
Capex Intensity
BURU
BURU
BYRN
BYRN
Q4 25
5.1%
Q3 25
8.0%
Q2 25
3.3%
Q1 25
10.1%
Q4 24
3.4%
Q3 24
3.3%
Q2 24
2.6%
Q1 24
1.0%
Cash Conversion
BURU
BURU
BYRN
BYRN
Q4 25
2.95×
Q3 25
-1.01×
Q2 25
-2.25×
Q1 25
-2.27×
Q4 24
0.75×
Q3 24
-1.36×
Q2 24
0.93×
Q1 24
231.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BURU
BURU

Segment breakdown not available.

BYRN
BYRN

E Commerce$23.0M65%
Wholesale Dealerdistributors$10.9M31%
Other$1.3M4%

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