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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and DNA X, Inc. (SONM). Click either name above to swap in a different company.

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $16.2M, roughly 2.1× DNA X, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -29.3%, a 27.5% gap on every dollar of revenue. On growth, DNA X, Inc. posted the faster year-over-year revenue change (7.9% vs -3.2%). Over the past eight quarters, DNA X, Inc.'s revenue compounded faster (9.9% CAGR vs -3.5%).

CLFD vs SONM — Head-to-Head

Bigger by revenue
CLFD
CLFD
2.1× larger
CLFD
$34.3M
$16.2M
SONM
Growing faster (revenue YoY)
SONM
SONM
+11.1% gap
SONM
7.9%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
27.5% more per $
CLFD
-1.8%
-29.3%
SONM
Faster 2-yr revenue CAGR
SONM
SONM
Annualised
SONM
9.9%
-3.5%
CLFD

Income Statement — Q1 2026 vs Q3 2025

Metric
CLFD
CLFD
SONM
SONM
Revenue
$34.3M
$16.2M
Net Profit
$-614.0K
$-4.8M
Gross Margin
33.2%
11.2%
Operating Margin
-5.3%
-24.5%
Net Margin
-1.8%
-29.3%
Revenue YoY
-3.2%
7.9%
Net Profit YoY
67.8%
-89.2%
EPS (diluted)
$-0.04
$-4.83

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
CLFD
CLFD
SONM
SONM
Q4 25
$34.3M
Q3 25
$23.4M
$16.2M
Q2 25
$49.9M
$11.2M
Q1 25
$47.2M
$16.7M
Q4 24
$29.7M
$15.3M
Q3 24
$5.6M
$15.0M
Q2 24
$48.8M
$11.5M
Q1 24
$36.9M
$9.1M
Net Profit
CLFD
CLFD
SONM
SONM
Q4 25
$-614.0K
Q3 25
$-9.1M
$-4.8M
Q2 25
$1.6M
$-7.5M
Q1 25
$1.3M
$458.0K
Q4 24
$-1.9M
$-21.6M
Q3 24
$-827.0K
$-2.5M
Q2 24
$-447.0K
$-6.6M
Q1 24
$-5.9M
$-2.9M
Gross Margin
CLFD
CLFD
SONM
SONM
Q4 25
33.2%
Q3 25
53.2%
11.2%
Q2 25
30.5%
7.6%
Q1 25
30.1%
50.0%
Q4 24
29.2%
-1.2%
Q3 24
28.2%
Q2 24
21.9%
25.8%
Q1 24
7.7%
31.8%
Operating Margin
CLFD
CLFD
SONM
SONM
Q4 25
-5.3%
Q3 25
10.3%
-24.5%
Q2 25
3.0%
-60.2%
Q1 25
0.6%
3.9%
Q4 24
-6.9%
55.3%
Q3 24
17.3%
-15.8%
Q2 24
-4.7%
-56.2%
Q1 24
-26.4%
-29.5%
Net Margin
CLFD
CLFD
SONM
SONM
Q4 25
-1.8%
Q3 25
-38.8%
-29.3%
Q2 25
3.2%
-66.8%
Q1 25
2.8%
2.7%
Q4 24
-6.4%
-141.6%
Q3 24
-14.7%
-16.7%
Q2 24
-0.9%
-57.5%
Q1 24
-16.0%
-31.9%
EPS (diluted)
CLFD
CLFD
SONM
SONM
Q4 25
$-0.04
Q3 25
$-0.65
$-4.83
Q2 25
$0.11
$-0.79
Q1 25
$0.09
$0.08
Q4 24
$-0.13
$-116.99
Q3 24
$-0.06
$-9.32
Q2 24
$-0.04
$-1.41
Q1 24
$-0.40
$-0.65

Balance Sheet & Financial Strength

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

Metric
CLFD
CLFD
SONM
SONM
Cash + ST InvestmentsLiquidity on hand
$96.4M
$2.1M
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$249.7M
$-701.0K
Total Assets
$268.1M
$40.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
SONM
SONM
Q4 25
$96.4M
Q3 25
$106.0M
$2.1M
Q2 25
$117.2M
$2.0M
Q1 25
$112.0M
$2.1M
Q4 24
$113.0M
$5.3M
Q3 24
$129.0M
$9.1M
Q2 24
$123.8M
$9.6M
Q1 24
$142.9M
$9.3M
Total Debt
CLFD
CLFD
SONM
SONM
Q4 25
Q3 25
$5.1M
Q2 25
$2.9M
Q1 25
$2.8M
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
SONM
SONM
Q4 25
$249.7M
Q3 25
$256.2M
$-701.0K
Q2 25
$264.5M
$-1.3M
Q1 25
$265.9M
$-1.1M
Q4 24
$267.4M
$-5.7M
Q3 24
$275.8M
$15.3M
Q2 24
$274.6M
$17.5M
Q1 24
$279.2M
$19.8M
Total Assets
CLFD
CLFD
SONM
SONM
Q4 25
$268.1M
Q3 25
$306.2M
$40.2M
Q2 25
$314.7M
$36.1M
Q1 25
$310.9M
$36.0M
Q4 24
$303.2M
$39.7M
Q3 24
$315.3M
$49.1M
Q2 24
$318.1M
$45.9M
Q1 24
$315.4M
$42.4M
Debt / Equity
CLFD
CLFD
SONM
SONM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.01×
Q2 24
0.01×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CLFD
CLFD
SONM
SONM
Operating Cash FlowLast quarter
$-1.4M
$-7.0M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
SONM
SONM
Q4 25
$-1.4M
Q3 25
$-7.0M
Q2 25
$7.9M
$-4.9M
Q1 25
$3.0M
$-9.6M
Q4 24
$7.2M
$-4.5M
Q3 24
$13.1M
$-417.0K
Q2 24
$4.0M
$-3.4M
Q1 24
$-5.7M
$-168.0K
Free Cash Flow
CLFD
CLFD
SONM
SONM
Q4 25
$-2.4M
Q3 25
Q2 25
$7.5M
Q1 25
$654.0K
Q4 24
$5.1M
$-4.5M
Q3 24
$9.1M
$-554.0K
Q2 24
$2.8M
$-3.4M
Q1 24
$-7.7M
$-198.0K
FCF Margin
CLFD
CLFD
SONM
SONM
Q4 25
-7.1%
Q3 25
Q2 25
15.1%
Q1 25
1.4%
Q4 24
17.1%
-29.6%
Q3 24
160.9%
-3.7%
Q2 24
5.8%
-29.8%
Q1 24
-20.8%
-2.2%
Capex Intensity
CLFD
CLFD
SONM
SONM
Q4 25
2.9%
Q3 25
2.0%
Q2 25
0.8%
Q1 25
5.1%
Q4 24
7.0%
0.1%
Q3 24
71.4%
0.9%
Q2 24
2.5%
0.3%
Q1 24
5.3%
0.3%
Cash Conversion
CLFD
CLFD
SONM
SONM
Q4 25
Q3 25
Q2 25
4.93×
Q1 25
2.30×
-20.97×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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