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

LIGHTPATH TECHNOLOGIES INC is the larger business by last-quarter revenue ($16.4M vs $13.8M, roughly 1.2× Gossamer Bio, Inc.). LIGHTPATH TECHNOLOGIES INC runs the higher net margin — -57.5% vs -342.3%, a 284.8% gap on every dollar of revenue. On growth, LIGHTPATH TECHNOLOGIES INC posted the faster year-over-year revenue change (120.2% vs 47.1%).

Gossamer Bio, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics for patients with serious immunology, inflammation and oncology conditions. It advances a pipeline of proprietary product candidates across multiple clinical phases, primarily serving healthcare markets in North America and other global regions.

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.

GOSS vs LPTH — Head-to-Head

Bigger by revenue
LPTH
LPTH
1.2× larger
LPTH
$16.4M
$13.8M
GOSS
Growing faster (revenue YoY)
LPTH
LPTH
+73.1% gap
LPTH
120.2%
47.1%
GOSS
Higher net margin
LPTH
LPTH
284.8% more per $
LPTH
-57.5%
-342.3%
GOSS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
GOSS
GOSS
LPTH
LPTH
Revenue
$13.8M
$16.4M
Net Profit
$-47.2M
$-9.4M
Gross Margin
36.8%
Operating Margin
-333.6%
-52.6%
Net Margin
-342.3%
-57.5%
Revenue YoY
47.1%
120.2%
Net Profit YoY
-43.0%
-260.1%
EPS (diluted)
$-0.21
$-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
GOSS
GOSS
LPTH
LPTH
Q4 25
$13.8M
$16.4M
Q3 25
$13.3M
$15.1M
Q2 25
$12.2M
Q1 25
$9.2M
Q4 24
$7.4M
Q3 24
$8.4M
Q2 24
$95.8M
$8.6M
Q1 24
$0
$7.7M
Net Profit
GOSS
GOSS
LPTH
LPTH
Q4 25
$-47.2M
$-9.4M
Q3 25
$-48.2M
$-2.9M
Q2 25
$-7.1M
Q1 25
$-3.6M
Q4 24
$-2.6M
Q3 24
$-1.6M
Q2 24
$49.2M
$-2.4M
Q1 24
$-41.9M
$-2.6M
Gross Margin
GOSS
GOSS
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
GOSS
GOSS
LPTH
LPTH
Q4 25
-333.6%
-52.6%
Q3 25
-369.4%
-16.6%
Q2 25
-38.0%
Q1 25
-36.3%
Q4 24
-33.5%
Q3 24
-16.4%
Q2 24
54.3%
-25.6%
Q1 24
-33.6%
Net Margin
GOSS
GOSS
LPTH
LPTH
Q4 25
-342.3%
-57.5%
Q3 25
-362.7%
-19.2%
Q2 25
-57.8%
Q1 25
-39.1%
Q4 24
-35.2%
Q3 24
-19.3%
Q2 24
51.4%
-27.3%
Q1 24
-33.7%
EPS (diluted)
GOSS
GOSS
LPTH
LPTH
Q4 25
$-0.21
$-0.20
Q3 25
$-0.21
$-0.07
Q2 25
$0.19
Q1 25
$-0.44
Q4 24
$-0.07
Q3 24
$-0.04
Q2 24
$0.22
$-0.15
Q1 24
$-0.19
$-0.07

Balance Sheet & Financial Strength

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

Metric
GOSS
GOSS
LPTH
LPTH
Cash + ST InvestmentsLiquidity on hand
$136.9M
$73.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-122.8M
$77.9M
Total Assets
$172.2M
$148.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOSS
GOSS
LPTH
LPTH
Q4 25
$136.9M
$73.6M
Q3 25
$180.2M
Q2 25
$4.9M
Q1 25
Q4 24
Q3 24
Q2 24
$354.5M
Q1 24
$244.4M
Total Debt
GOSS
GOSS
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$535.0K
Q1 24
$599.4K
Stockholders' Equity
GOSS
GOSS
LPTH
LPTH
Q4 25
$-122.8M
$77.9M
Q3 25
$-82.3M
$21.4M
Q2 25
$15.6M
Q1 25
$15.7M
Q4 24
$26.7M
Q3 24
$29.4M
Q2 24
$81.5M
$30.2M
Q1 24
$26.7M
$31.7M
Total Assets
GOSS
GOSS
LPTH
LPTH
Q4 25
$172.2M
$148.6M
Q3 25
$208.8M
$87.3M
Q2 25
$81.5M
Q1 25
$81.4M
Q4 24
$45.8M
Q3 24
$48.4M
Q2 24
$373.4M
$48.1M
Q1 24
$259.4M
$49.7M
Debt / Equity
GOSS
GOSS
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
GOSS
GOSS
LPTH
LPTH
Operating Cash FlowLast quarter
$-48.3M
$2.8M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.0%
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
GOSS
GOSS
LPTH
LPTH
Q4 25
$-48.3M
$2.8M
Q3 25
$-36.2M
$-1.1M
Q2 25
$-2.6M
Q1 25
$-3.2M
Q4 24
$-737.4K
Q3 24
$-1.7M
Q2 24
$116.3M
$64.7K
Q1 24
$-52.3M
$-394.2K
Free Cash Flow
GOSS
GOSS
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
GOSS
GOSS
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
GOSS
GOSS
LPTH
LPTH
Q4 25
0.0%
5.3%
Q3 25
0.0%
0.5%
Q2 25
5.6%
Q1 25
4.6%
Q4 24
1.1%
Q3 24
0.9%
Q2 24
0.0%
3.4%
Q1 24
5.3%
Cash Conversion
GOSS
GOSS
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
2.36×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GOSS
GOSS

Segment breakdown not available.

LPTH
LPTH

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

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