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Side-by-side financial comparison of Dominari Holdings Inc. (DOMH) and LIGHTPATH TECHNOLOGIES INC (LPTH). Click either name above to swap in a different company.

Dominari Holdings Inc. is the larger business by last-quarter revenue ($30.1M vs $16.4M, roughly 1.8× LIGHTPATH TECHNOLOGIES INC). LIGHTPATH TECHNOLOGIES INC runs the higher net margin — -57.5% vs -438.1%, a 380.6% gap on every dollar of revenue. On growth, Dominari Holdings Inc. posted the faster year-over-year revenue change (220.4% vs 120.2%). Over the past eight quarters, Dominari Holdings Inc.'s revenue compounded faster (369.1% CAGR vs 45.7%).

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.

DOMH vs LPTH — Head-to-Head

Bigger by revenue
DOMH
DOMH
1.8× larger
DOMH
$30.1M
$16.4M
LPTH
Growing faster (revenue YoY)
DOMH
DOMH
+100.2% gap
DOMH
220.4%
120.2%
LPTH
Higher net margin
LPTH
LPTH
380.6% more per $
LPTH
-57.5%
-438.1%
DOMH
Faster 2-yr revenue CAGR
DOMH
DOMH
Annualised
DOMH
369.1%
45.7%
LPTH

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DOMH
DOMH
LPTH
LPTH
Revenue
$30.1M
$16.4M
Net Profit
$-131.8M
$-9.4M
Gross Margin
36.8%
Operating Margin
-8.9%
-52.6%
Net Margin
-438.1%
-57.5%
Revenue YoY
220.4%
120.2%
Net Profit YoY
-12426.2%
-260.1%
EPS (diluted)
$-6.94
$-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
DOMH
DOMH
LPTH
LPTH
Q4 25
$30.1M
$16.4M
Q3 25
$50.8M
$15.1M
Q2 25
$34.1M
$12.2M
Q1 25
$8.1M
$9.2M
Q4 24
$9.4M
$7.4M
Q3 24
$4.0M
$8.4M
Q2 24
$6.2M
$8.6M
Q1 24
$1.4M
$7.7M
Net Profit
DOMH
DOMH
LPTH
LPTH
Q4 25
$-131.8M
$-9.4M
Q3 25
$125.2M
$-2.9M
Q2 25
$16.6M
$-7.1M
Q1 25
$-32.5M
$-3.6M
Q4 24
$1.1M
$-2.6M
Q3 24
$-4.2M
$-1.6M
Q2 24
$-6.1M
$-2.4M
Q1 24
$-5.4M
$-2.6M
Gross Margin
DOMH
DOMH
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
DOMH
DOMH
LPTH
LPTH
Q4 25
-8.9%
-52.6%
Q3 25
-3.1%
-16.6%
Q2 25
-57.0%
-38.0%
Q1 25
-394.6%
-36.3%
Q4 24
0.4%
-33.5%
Q3 24
-79.1%
-16.4%
Q2 24
-44.3%
-25.6%
Q1 24
-205.2%
-33.6%
Net Margin
DOMH
DOMH
LPTH
LPTH
Q4 25
-438.1%
-57.5%
Q3 25
246.4%
-19.2%
Q2 25
48.7%
-57.8%
Q1 25
-400.5%
-39.1%
Q4 24
11.4%
-35.2%
Q3 24
-104.2%
-19.3%
Q2 24
-99.1%
-27.3%
Q1 24
-398.0%
-33.7%
EPS (diluted)
DOMH
DOMH
LPTH
LPTH
Q4 25
$-6.94
$-0.20
Q3 25
$7.27
$-0.07
Q2 25
$1.12
$0.19
Q1 25
$-3.02
$-0.44
Q4 24
$0.21
$-0.07
Q3 24
$-0.67
$-0.04
Q2 24
$-1.01
$-0.15
Q1 24
$-0.91
$-0.07

Balance Sheet & Financial Strength

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

Metric
DOMH
DOMH
LPTH
LPTH
Cash + ST InvestmentsLiquidity on hand
$80.5M
$73.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$69.4M
$77.9M
Total Assets
$112.9M
$148.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOMH
DOMH
LPTH
LPTH
Q4 25
$80.5M
$73.6M
Q3 25
$176.2M
Q2 25
$28.2M
$4.9M
Q1 25
$18.9M
Q4 24
$8.2M
Q3 24
$7.2M
Q2 24
$12.1M
Q1 24
$7.1M
Total Debt
DOMH
DOMH
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$535.0K
Q1 24
$599.4K
Stockholders' Equity
DOMH
DOMH
LPTH
LPTH
Q4 25
$69.4M
$77.9M
Q3 25
$210.2M
$21.4M
Q2 25
$88.6M
$15.6M
Q1 25
$42.4M
$15.7M
Q4 24
$39.9M
$26.7M
Q3 24
$38.3M
$29.4M
Q2 24
$42.4M
$30.2M
Q1 24
$47.7M
$31.7M
Total Assets
DOMH
DOMH
LPTH
LPTH
Q4 25
$112.9M
$148.6M
Q3 25
$223.4M
$87.3M
Q2 25
$109.3M
$81.5M
Q1 25
$52.3M
$81.4M
Q4 24
$47.1M
$45.8M
Q3 24
$43.4M
$48.4M
Q2 24
$49.1M
$48.1M
Q1 24
$52.2M
$49.7M
Debt / Equity
DOMH
DOMH
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
DOMH
DOMH
LPTH
LPTH
Operating Cash FlowLast quarter
$22.7M
$2.8M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOMH
DOMH
LPTH
LPTH
Q4 25
$22.7M
$2.8M
Q3 25
$-4.9M
$-1.1M
Q2 25
$-353.0K
$-2.6M
Q1 25
$1.2M
$-3.2M
Q4 24
$-16.7M
$-737.4K
Q3 24
$-4.7M
$-1.7M
Q2 24
$1.4M
$64.7K
Q1 24
$-8.6M
$-394.2K
Free Cash Flow
DOMH
DOMH
LPTH
LPTH
Q4 25
$2.0M
Q3 25
$-1.2M
Q2 25
$-3.3M
Q1 25
$-3.7M
Q4 24
$-817.8K
Q3 24
$-1.8M
Q2 24
$-225.5K
Q1 24
$-802.5K
FCF Margin
DOMH
DOMH
LPTH
LPTH
Q4 25
12.0%
Q3 25
-8.1%
Q2 25
-27.3%
Q1 25
-40.0%
Q4 24
-11.0%
Q3 24
-21.2%
Q2 24
-2.6%
Q1 24
-10.4%
Capex Intensity
DOMH
DOMH
LPTH
LPTH
Q4 25
5.3%
Q3 25
0.5%
Q2 25
5.6%
Q1 25
4.6%
Q4 24
1.1%
Q3 24
0.9%
Q2 24
3.4%
Q1 24
5.3%
Cash Conversion
DOMH
DOMH
LPTH
LPTH
Q4 25
Q3 25
-0.04×
Q2 25
-0.02×
Q1 25
Q4 24
-15.65×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOMH
DOMH

Chief Operating Decision Maker$30.1M100%
Commissions$458.0K2%

LPTH
LPTH

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

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