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Side-by-side financial comparison of Caribou Biosciences, Inc. (CRBU) and SemiLEDs Corp (LEDS). Click either name above to swap in a different company.

Caribou Biosciences, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.6M, roughly 1.5× SemiLEDs Corp). SemiLEDs Corp runs the higher net margin — -28.9% vs -672.1%, a 643.2% gap on every dollar of revenue. On growth, SemiLEDs Corp posted the faster year-over-year revenue change (103.7% vs 89.7%). SemiLEDs Corp produced more free cash flow last quarter ($331.0K vs $-21.0M). Over the past eight quarters, SemiLEDs Corp's revenue compounded faster (70.3% CAGR vs 27.4%).

Caribou Biosciences, Inc. is a clinical-stage biotechnology company focused on developing CRISPR genome-edited cell therapies for cancers and autoimmune diseases. It operates mainly in North American and European markets, partnering with leading pharmaceutical enterprises to advance its pipeline of accessible, targeted therapeutic products for global patients.

SEMI is an industry association comprising companies involved in the electronics design and manufacturing supply chain. They provide equipment, materials and services for the manufacture of semiconductors, photovoltaic panels, LED and flat panel displays, micro-electromechanical systems (MEMS), printed and flexible electronics, and related micro and nano-technologies.

CRBU vs LEDS — Head-to-Head

Bigger by revenue
CRBU
CRBU
1.5× larger
CRBU
$3.9M
$2.6M
LEDS
Growing faster (revenue YoY)
LEDS
LEDS
+14.0% gap
LEDS
103.7%
89.7%
CRBU
Higher net margin
LEDS
LEDS
643.2% more per $
LEDS
-28.9%
-672.1%
CRBU
More free cash flow
LEDS
LEDS
$21.4M more FCF
LEDS
$331.0K
$-21.0M
CRBU
Faster 2-yr revenue CAGR
LEDS
LEDS
Annualised
LEDS
70.3%
27.4%
CRBU

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CRBU
CRBU
LEDS
LEDS
Revenue
$3.9M
$2.6M
Net Profit
$-26.5M
$-742.0K
Gross Margin
0.7%
Operating Margin
-722.0%
-39.4%
Net Margin
-672.1%
-28.9%
Revenue YoY
89.7%
103.7%
Net Profit YoY
25.4%
-35.6%
EPS (diluted)
$-0.28
$-0.09

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
CRBU
CRBU
LEDS
LEDS
Q4 25
$3.9M
$2.6M
Q3 25
$2.2M
$13.2M
Q2 25
$2.7M
$17.7M
Q1 25
$2.4M
$10.9M
Q4 24
$2.1M
$1.3M
Q3 24
$2.0M
$1.3M
Q2 24
$3.5M
$1.3M
Q1 24
$2.4M
$886.0K
Net Profit
CRBU
CRBU
LEDS
LEDS
Q4 25
$-26.5M
$-742.0K
Q3 25
$-27.5M
$-1.2M
Q2 25
$-54.1M
$223.0K
Q1 25
$-40.0M
$388.0K
Q4 24
$-547.0K
Q3 24
$-34.7M
Q2 24
$-37.7M
$-319.0K
Q1 24
$-41.2M
$-559.0K
Gross Margin
CRBU
CRBU
LEDS
LEDS
Q4 25
0.7%
Q3 25
1.7%
Q2 25
5.3%
Q1 25
9.2%
Q4 24
20.6%
Q3 24
11.6%
Q2 24
41.0%
Q1 24
12.6%
Operating Margin
CRBU
CRBU
LEDS
LEDS
Q4 25
-722.0%
-39.4%
Q3 25
-1337.6%
-9.0%
Q2 25
-1784.0%
-0.4%
Q1 25
-1823.8%
1.0%
Q4 24
-52.1%
Q3 24
-1889.2%
Q2 24
-1255.8%
-35.8%
Q1 24
-1893.9%
-93.9%
Net Margin
CRBU
CRBU
LEDS
LEDS
Q4 25
-672.1%
-28.9%
Q3 25
-1253.3%
-9.0%
Q2 25
-2028.4%
1.3%
Q1 25
-1699.6%
3.6%
Q4 24
-43.4%
Q3 24
-1713.6%
Q2 24
-1088.3%
-24.1%
Q1 24
-1697.6%
-63.1%
EPS (diluted)
CRBU
CRBU
LEDS
LEDS
Q4 25
$-0.28
$-0.09
Q3 25
$-0.30
$-0.15
Q2 25
$-0.58
$0.03
Q1 25
$-0.43
$0.05
Q4 24
$-0.08
Q3 24
$-0.38
Q2 24
$-0.42
$-0.04
Q1 24
$-0.46
$-0.11

Balance Sheet & Financial Strength

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

Metric
CRBU
CRBU
LEDS
LEDS
Cash + ST InvestmentsLiquidity on hand
$12.4M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$122.2M
$2.1M
Total Assets
$175.4M
$14.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRBU
CRBU
LEDS
LEDS
Q4 25
$12.4M
$2.9M
Q3 25
$11.1M
$2.6M
Q2 25
$25.2M
$2.4M
Q1 25
$29.4M
$2.4M
Q4 24
$16.3M
$1.2M
Q3 24
$32.0M
$1.7M
Q2 24
$37.9M
$1.7M
Q1 24
$49.4M
$1.6M
Total Debt
CRBU
CRBU
LEDS
LEDS
Q4 25
Q3 25
$1.7M
Q2 25
Q1 25
Q4 24
Q3 24
$3.7M
Q2 24
Q1 24
Stockholders' Equity
CRBU
CRBU
LEDS
LEDS
Q4 25
$122.2M
$2.1M
Q3 25
$141.8M
$2.8M
Q2 25
$166.1M
$4.0M
Q1 25
$217.2M
$3.6M
Q4 24
$253.0M
$1.6M
Q3 24
$281.2M
$2.2M
Q2 24
$310.5M
$2.7M
Q1 24
$343.3M
$3.0M
Total Assets
CRBU
CRBU
LEDS
LEDS
Q4 25
$175.4M
$14.2M
Q3 25
$195.0M
$15.6M
Q2 25
$220.9M
$23.2M
Q1 25
$273.7M
$23.2M
Q4 24
$313.3M
$10.4M
Q3 24
$344.3M
$11.1M
Q2 24
$372.9M
$11.5M
Q1 24
$406.8M
$12.0M
Debt / Equity
CRBU
CRBU
LEDS
LEDS
Q4 25
Q3 25
0.61×
Q2 25
Q1 25
Q4 24
Q3 24
1.69×
Q2 24
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
CRBU
CRBU
LEDS
LEDS
Operating Cash FlowLast quarter
$-20.8M
$361.0K
Free Cash FlowOCF − Capex
$-21.0M
$331.0K
FCF MarginFCF / Revenue
-533.9%
12.9%
Capex IntensityCapex / Revenue
5.5%
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-112.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRBU
CRBU
LEDS
LEDS
Q4 25
$-20.8M
$361.0K
Q3 25
$-25.2M
Q2 25
$-28.3M
$693.0K
Q1 25
$-36.7M
$1.4M
Q4 24
$-138.2M
$-158.0K
Q3 24
$-32.7M
Q2 24
$-32.9M
$109.0K
Q1 24
$-37.2M
$-600.0K
Free Cash Flow
CRBU
CRBU
LEDS
LEDS
Q4 25
$-21.0M
$331.0K
Q3 25
$-25.3M
Q2 25
$-28.7M
$383.0K
Q1 25
$-37.8M
$1.3M
Q4 24
$-143.1M
$-276.0K
Q3 24
$-33.3M
Q2 24
$-35.1M
$98.0K
Q1 24
$-38.7M
$-619.0K
FCF Margin
CRBU
CRBU
LEDS
LEDS
Q4 25
-533.9%
12.9%
Q3 25
-1151.0%
Q2 25
-1075.2%
2.2%
Q1 25
-1605.1%
11.8%
Q4 24
-6888.8%
-21.9%
Q3 24
-1646.9%
Q2 24
-1013.5%
7.4%
Q1 24
-1591.2%
-69.9%
Capex Intensity
CRBU
CRBU
LEDS
LEDS
Q4 25
5.5%
1.2%
Q3 25
5.2%
0.2%
Q2 25
15.7%
1.8%
Q1 25
44.3%
1.1%
Q4 24
235.0%
9.4%
Q3 24
33.3%
9.3%
Q2 24
64.7%
0.8%
Q1 24
59.6%
2.1%
Cash Conversion
CRBU
CRBU
LEDS
LEDS
Q4 25
Q3 25
Q2 25
3.11×
Q1 25
3.62×
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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