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Side-by-side financial comparison of Hyperfine, Inc. (HYPR) and Peraso Inc. (PRSO). Click either name above to swap in a different company.
Hyperfine, Inc. is the larger business by last-quarter revenue ($5.3M vs $2.9M, roughly 1.8× Peraso Inc.). Peraso Inc. runs the higher net margin — -43.3% vs -111.7%, a 68.4% gap on every dollar of revenue. On growth, Hyperfine, Inc. posted the faster year-over-year revenue change (128.0% vs -22.0%). Over the past eight quarters, Hyperfine, Inc.'s revenue compounded faster (26.7% CAGR vs 1.0%).
Hyperfine, Inc. develops and commercializes innovative portable low-field magnetic resonance imaging (MRI) systems for medical diagnostic use. Its solutions deliver accessible, cost-effective imaging for healthcare providers across acute care, rural clinics, pediatric care, and other underserved clinical settings worldwide.
Peraso Inc. is a semiconductor technology firm specializing in the design and production of high-performance millimeter wave (mmWave) integrated circuits and modules. It delivers 5G and next-generation wireless connectivity solutions for telecom infrastructure, industrial IoT, fixed wireless access and consumer electronics segments, serving customers across North America, Asia Pacific and European markets.
HYPR vs PRSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3M | $2.9M |
| Net Profit | $-5.9M | $-1.2M |
| Gross Margin | 50.9% | 52.2% |
| Operating Margin | -144.9% | -44.6% |
| Net Margin | -111.7% | -43.3% |
| Revenue YoY | 128.0% | -22.0% |
| Net Profit YoY | 43.1% | 20.3% |
| EPS (diluted) | $-0.05 | $-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.
| Q4 25 | $5.3M | $2.9M | ||
| Q3 25 | $3.4M | $3.2M | ||
| Q2 25 | $2.7M | $2.2M | ||
| Q1 25 | $2.1M | $3.9M | ||
| Q4 24 | $2.3M | $3.7M | ||
| Q3 24 | $3.6M | $3.8M | ||
| Q2 24 | $3.6M | $4.2M | ||
| Q1 24 | $3.3M | $2.8M |
| Q4 25 | $-5.9M | $-1.2M | ||
| Q3 25 | $-11.0M | $-1.2M | ||
| Q2 25 | $-9.2M | $-1.8M | ||
| Q1 25 | $-9.4M | $-471.0K | ||
| Q4 24 | $-10.4M | $-1.6M | ||
| Q3 24 | $-10.3M | $-2.7M | ||
| Q2 24 | $-10.2M | $-4.4M | ||
| Q1 24 | $-9.8M | $-2.0M |
| Q4 25 | 50.9% | 52.2% | ||
| Q3 25 | 53.8% | 56.2% | ||
| Q2 25 | 49.3% | 48.3% | ||
| Q1 25 | 41.3% | 69.3% | ||
| Q4 24 | 35.6% | 56.3% | ||
| Q3 24 | 52.4% | 47.0% | ||
| Q2 24 | 49.7% | 55.5% | ||
| Q1 24 | 41.1% | 46.4% |
| Q4 25 | -144.9% | -44.6% | ||
| Q3 25 | -259.5% | -36.8% | ||
| Q2 25 | -355.9% | -80.0% | ||
| Q1 25 | -510.2% | -13.3% | ||
| Q4 24 | -463.8% | -44.3% | ||
| Q3 24 | -300.9% | -70.3% | ||
| Q2 24 | -298.7% | -105.6% | ||
| Q1 24 | -323.2% | -128.9% |
| Q4 25 | -111.7% | -43.3% | ||
| Q3 25 | -320.6% | -37.4% | ||
| Q2 25 | -342.2% | -82.4% | ||
| Q1 25 | -440.7% | -12.2% | ||
| Q4 24 | -447.7% | -42.4% | ||
| Q3 24 | -283.4% | -70.6% | ||
| Q2 24 | -279.7% | -104.4% | ||
| Q1 24 | -298.9% | -72.1% |
| Q4 25 | $-0.05 | $-0.09 | ||
| Q3 25 | $-0.14 | $-0.17 | ||
| Q2 25 | $-0.12 | $-0.31 | ||
| Q1 25 | $-0.12 | $-0.10 | ||
| Q4 24 | $-0.14 | $0.36 | ||
| Q3 24 | $-0.14 | $-0.98 | ||
| Q2 24 | $-0.14 | $-1.88 | ||
| Q1 24 | $-0.14 | $-1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $35.1M | $2.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $41.0M | $4.6M |
| Total Assets | $55.3M | $6.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.1M | $2.9M | ||
| Q3 25 | $21.6M | — | ||
| Q2 25 | $25.4M | — | ||
| Q1 25 | $33.1M | — | ||
| Q4 24 | $37.6M | $3.3M | ||
| Q3 24 | $45.8M | $1.3M | ||
| Q2 24 | $53.8M | $1.9M | ||
| Q1 24 | $63.2M | $2.4M |
| Q4 25 | $41.0M | $4.6M | ||
| Q3 25 | $26.9M | $3.6M | ||
| Q2 25 | $35.1M | $3.0M | ||
| Q1 25 | $43.1M | $3.6M | ||
| Q4 24 | $49.0M | $3.5M | ||
| Q3 24 | $58.3M | $2.0M | ||
| Q2 24 | $66.8M | $3.6M | ||
| Q1 24 | $75.6M | $6.7M |
| Q4 25 | $55.3M | $6.1M | ||
| Q3 25 | $41.5M | $6.2M | ||
| Q2 25 | $45.2M | $5.5M | ||
| Q1 25 | $53.4M | $6.7M | ||
| Q4 24 | $58.9M | $7.2M | ||
| Q3 24 | $69.4M | $7.2M | ||
| Q2 24 | $76.6M | $9.8M | ||
| Q1 24 | $85.4M | $11.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-5.2M | $-1.1M |
| Free Cash FlowOCF − Capex | $-5.3M | — |
| FCF MarginFCF / Revenue | -99.6% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.2M | $-1.1M | ||
| Q3 25 | $-5.6M | $-1.5M | ||
| Q2 25 | $-7.9M | $-2.0M | ||
| Q1 25 | $-9.2M | $-966.0K | ||
| Q4 24 | $-8.4M | $-687.0K | ||
| Q3 24 | $-8.5M | $-683.0K | ||
| Q2 24 | $-9.4M | $-659.0K | ||
| Q1 24 | $-12.5M | $-2.5M |
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $-5.7M | $-1.6M | ||
| Q2 25 | $-8.4M | — | ||
| Q1 25 | $-9.7M | — | ||
| Q4 24 | $-8.4M | — | ||
| Q3 24 | $-8.7M | — | ||
| Q2 24 | $-9.5M | — | ||
| Q1 24 | $-12.7M | — |
| Q4 25 | -99.6% | — | ||
| Q3 25 | -166.2% | -48.9% | ||
| Q2 25 | -312.7% | — | ||
| Q1 25 | -454.9% | — | ||
| Q4 24 | -360.4% | — | ||
| Q3 24 | -238.2% | — | ||
| Q2 24 | -260.4% | — | ||
| Q1 24 | -384.1% | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 3.8% | 1.1% | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 4.4% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HYPR
| Products | $4.9M | 92% |
| Other | $436.0K | 8% |
PRSO
| Products | $2.8M | 96% |
| Other | $105.0K | 4% |
