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Side-by-side financial comparison of Innventure, Inc. (INV) and Laser Photonics Corp (LASE). Click either name above to swap in a different company.
Laser Photonics Corp is the larger business by last-quarter revenue ($919.3K vs $822.0K, roughly 1.1× Innventure, Inc.). Laser Photonics Corp runs the higher net margin — -506.4% vs -4593.8%, a 4087.4% gap on every dollar of revenue.
Innventure, Inc. is a business development and commercialization firm that partners with large global corporations to turn their underutilized intellectual property and unused R&D innovations into scalable, high-growth independent businesses. It focuses on sectors including sustainability, advanced materials and life sciences, serving primarily North American and European markets.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
INV vs LASE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.0K | $919.3K |
| Net Profit | $-37.8M | $-4.7M |
| Gross Margin | -1315.8% | -20.1% |
| Operating Margin | -3859.1% | -350.0% |
| Net Margin | -4593.8% | -506.4% |
| Revenue YoY | — | 28.3% |
| Net Profit YoY | — | -186.5% |
| EPS (diluted) | $-0.18 | $-0.27 |
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 | $822.0K | — | ||
| Q3 25 | $534.0K | $919.3K | ||
| Q2 25 | $476.0K | $2.6M | ||
| Q1 25 | $224.0K | $2.3M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | $317.0K | $716.7K | ||
| Q2 24 | — | $623.4K | ||
| Q1 24 | — | $743.0K |
| Q4 25 | $-37.8M | — | ||
| Q3 25 | $-28.3M | $-4.7M | ||
| Q2 25 | $-84.2M | $-1.8M | ||
| Q1 25 | $-143.0M | $-1.7M | ||
| Q4 24 | — | $586.4K | ||
| Q3 24 | $-2.2M | $-1.6M | ||
| Q2 24 | — | $-934.3K | ||
| Q1 24 | — | $-545.7K |
| Q4 25 | -1315.8% | — | ||
| Q3 25 | -676.6% | -20.1% | ||
| Q2 25 | -501.1% | 53.5% | ||
| Q1 25 | 17.9% | 49.8% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | -145.1% | 85.0% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 51.9% |
| Q4 25 | -3859.1% | — | ||
| Q3 25 | -5469.1% | -350.0% | ||
| Q2 25 | -29952.5% | -37.0% | ||
| Q1 25 | -116606.3% | -68.7% | ||
| Q4 24 | — | -255.1% | ||
| Q3 24 | -4313.6% | -238.0% | ||
| Q2 24 | — | -149.4% | ||
| Q1 24 | — | -73.8% |
| Q4 25 | -4593.8% | — | ||
| Q3 25 | -5305.6% | -506.4% | ||
| Q2 25 | -17694.7% | -68.3% | ||
| Q1 25 | -63837.9% | -73.4% | ||
| Q4 24 | — | 45.7% | ||
| Q3 24 | -697.5% | -226.8% | ||
| Q2 24 | — | -149.9% | ||
| Q1 24 | — | -73.4% |
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.51 | $-0.27 | ||
| Q2 25 | $-1.60 | $-0.12 | ||
| Q1 25 | $-3.10 | $-0.12 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $-0.94 | $-0.13 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $60.4M | $3.6M |
| Total DebtLower is stronger | $8.3M | — |
| Stockholders' EquityBook value | $204.2M | $4.1M |
| Total Assets | $599.2M | $17.5M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.4M | — | ||
| Q3 25 | $9.1M | $3.6M | ||
| Q2 25 | $7.0M | $78.5K | ||
| Q1 25 | — | $179.1K | ||
| Q4 24 | — | $533.9K | ||
| Q3 24 | — | $2.1M | ||
| Q2 24 | — | $2.7M | ||
| Q1 24 | — | $5.2M |
| Q4 25 | $8.3M | — | ||
| Q3 25 | $29.5M | — | ||
| Q2 25 | $16.8M | — | ||
| Q1 25 | $12.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $14.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $204.2M | — | ||
| Q3 25 | $190.8M | $4.1M | ||
| Q2 25 | $218.6M | $4.3M | ||
| Q1 25 | $261.5M | $6.8M | ||
| Q4 24 | — | $10.2M | ||
| Q3 24 | $-22.3M | $9.7M | ||
| Q2 24 | — | $10.3M | ||
| Q1 24 | — | $12.4M |
| Q4 25 | $599.2M | — | ||
| Q3 25 | $556.5M | $17.5M | ||
| Q2 25 | $556.0M | $14.9M | ||
| Q1 25 | $660.4M | $16.0M | ||
| Q4 24 | — | $17.2M | ||
| Q3 24 | $55.7M | $10.6M | ||
| Q2 24 | — | $11.1M | ||
| Q1 24 | — | $13.6M |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-80.7M | $763.1K |
| Free Cash FlowOCF − Capex | $-82.1M | — |
| FCF MarginFCF / Revenue | -9987.8% | — |
| Capex IntensityCapex / Revenue | 172.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-139.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-80.7M | — | ||
| Q3 25 | $-19.6M | $763.1K | ||
| Q2 25 | $-22.1M | $-1.0M | ||
| Q1 25 | $-14.7M | $-1.2M | ||
| Q4 24 | — | $-6.5M | ||
| Q3 24 | — | $632.7K | ||
| Q2 24 | — | $-2.4M | ||
| Q1 24 | — | $-866.3K |
| Q4 25 | $-82.1M | — | ||
| Q3 25 | $-20.0M | — | ||
| Q2 25 | $-22.1M | — | ||
| Q1 25 | $-15.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $589.6K | ||
| Q2 24 | — | $-2.4M | ||
| Q1 24 | — | $-1.0M |
| Q4 25 | -9987.8% | — | ||
| Q3 25 | -3747.8% | — | ||
| Q2 25 | -4637.2% | — | ||
| Q1 25 | -6970.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 82.3% | ||
| Q2 24 | — | -388.0% | ||
| Q1 24 | — | -136.9% |
| Q4 25 | 172.4% | — | ||
| Q3 25 | 82.2% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 409.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -11.11× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
