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

Jaguar Health, Inc. is the larger business by last-quarter revenue ($3.2M vs $2.6M, roughly 1.3× SemiLEDs Corp). SemiLEDs Corp runs the higher net margin — -28.9% vs -717.2%, a 688.3% gap on every dollar of revenue. On growth, SemiLEDs Corp posted the faster year-over-year revenue change (103.7% vs -7.8%). Over the past eight quarters, SemiLEDs Corp's revenue compounded faster (70.3% CAGR vs 17.3%).

Jaguar Health, Inc. is a commercial-stage biopharmaceutical firm developing and selling plant-derived prescription medicines for humans and animals. Its products target unmet gastrointestinal treatment needs, with main markets in North America and select European regions, covering human health and animal health segments.

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.

JAGX vs LEDS — Head-to-Head

Bigger by revenue
JAGX
JAGX
1.3× larger
JAGX
$3.2M
$2.6M
LEDS
Growing faster (revenue YoY)
LEDS
LEDS
+111.5% gap
LEDS
103.7%
-7.8%
JAGX
Higher net margin
LEDS
LEDS
688.3% more per $
LEDS
-28.9%
-717.2%
JAGX
Faster 2-yr revenue CAGR
LEDS
LEDS
Annualised
LEDS
70.3%
17.3%
JAGX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
JAGX
JAGX
LEDS
LEDS
Revenue
$3.2M
$2.6M
Net Profit
$-23.2M
$-742.0K
Gross Margin
32.0%
0.7%
Operating Margin
-656.6%
-39.4%
Net Margin
-717.2%
-28.9%
Revenue YoY
-7.8%
103.7%
Net Profit YoY
-133.9%
-35.6%
EPS (diluted)
$10.27
$-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
JAGX
JAGX
LEDS
LEDS
Q4 25
$3.2M
$2.6M
Q3 25
$3.1M
$13.2M
Q2 25
$3.0M
$17.7M
Q1 25
$2.2M
$10.9M
Q4 24
$3.5M
$1.3M
Q3 24
$3.1M
$1.3M
Q2 24
$2.7M
$1.3M
Q1 24
$2.4M
$886.0K
Net Profit
JAGX
JAGX
LEDS
LEDS
Q4 25
$-23.2M
$-742.0K
Q3 25
$-9.5M
$-1.2M
Q2 25
$-10.4M
$223.0K
Q1 25
$-10.5M
$388.0K
Q4 24
$-9.9M
$-547.0K
Q3 24
$-9.9M
Q2 24
$-9.5M
$-319.0K
Q1 24
$-9.2M
$-559.0K
Gross Margin
JAGX
JAGX
LEDS
LEDS
Q4 25
32.0%
0.7%
Q3 25
82.7%
1.7%
Q2 25
82.3%
5.3%
Q1 25
76.7%
9.2%
Q4 24
84.1%
20.6%
Q3 24
82.6%
11.6%
Q2 24
84.3%
41.0%
Q1 24
81.7%
12.6%
Operating Margin
JAGX
JAGX
LEDS
LEDS
Q4 25
-656.6%
-39.4%
Q3 25
-234.8%
-9.0%
Q2 25
-268.8%
-0.4%
Q1 25
-425.5%
1.0%
Q4 24
-232.5%
-52.1%
Q3 24
-233.7%
Q2 24
-264.5%
-35.8%
Q1 24
-349.4%
-93.9%
Net Margin
JAGX
JAGX
LEDS
LEDS
Q4 25
-717.2%
-28.9%
Q3 25
-308.2%
-9.0%
Q2 25
-349.3%
1.3%
Q1 25
-472.6%
3.6%
Q4 24
-282.7%
-43.4%
Q3 24
-317.1%
Q2 24
-348.8%
-24.1%
Q1 24
-392.4%
-63.1%
EPS (diluted)
JAGX
JAGX
LEDS
LEDS
Q4 25
$10.27
$-0.09
Q3 25
$-6.28
$-0.15
Q2 25
$-10.26
$0.03
Q1 25
$-16.70
$0.05
Q4 24
$-14.62
$-0.08
Q3 24
$-1.05
Q2 24
$-4.04
$-0.04
Q1 24
$-0.06
$-0.11

Balance Sheet & Financial Strength

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

Metric
JAGX
JAGX
LEDS
LEDS
Cash + ST InvestmentsLiquidity on hand
$968.0K
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-18.7M
$2.1M
Total Assets
$38.3M
$14.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JAGX
JAGX
LEDS
LEDS
Q4 25
$968.0K
$2.9M
Q3 25
$3.5M
$2.6M
Q2 25
$2.2M
$2.4M
Q1 25
$5.7M
$2.4M
Q4 24
$8.0M
$1.2M
Q3 24
$13.3M
$1.7M
Q2 24
$16.0M
$1.7M
Q1 24
$11.7M
$1.6M
Total Debt
JAGX
JAGX
LEDS
LEDS
Q4 25
Q3 25
$1.7M
Q2 25
Q1 25
Q4 24
Q3 24
$3.7M
Q2 24
Q1 24
Stockholders' Equity
JAGX
JAGX
LEDS
LEDS
Q4 25
$-18.7M
$2.1M
Q3 25
$4.4M
$2.8M
Q2 25
$6.9M
$4.0M
Q1 25
$830.0K
$3.6M
Q4 24
$6.5M
$1.6M
Q3 24
$13.1M
$2.2M
Q2 24
$16.6M
$2.7M
Q1 24
$11.8M
$3.0M
Total Assets
JAGX
JAGX
LEDS
LEDS
Q4 25
$38.3M
$14.2M
Q3 25
$49.5M
$15.6M
Q2 25
$48.3M
$23.2M
Q1 25
$51.5M
$23.2M
Q4 24
$53.4M
$10.4M
Q3 24
$58.5M
$11.1M
Q2 24
$61.5M
$11.5M
Q1 24
$55.4M
$12.0M
Debt / Equity
JAGX
JAGX
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
JAGX
JAGX
LEDS
LEDS
Operating Cash FlowLast quarter
$-5.5M
$361.0K
Free Cash FlowOCF − Capex
$331.0K
FCF MarginFCF / Revenue
12.9%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JAGX
JAGX
LEDS
LEDS
Q4 25
$-5.5M
$361.0K
Q3 25
Q2 25
$693.0K
Q1 25
$-7.3M
$1.4M
Q4 24
$-7.8M
$-158.0K
Q3 24
Q2 24
$109.0K
Q1 24
$-7.0M
$-600.0K
Free Cash Flow
JAGX
JAGX
LEDS
LEDS
Q4 25
$331.0K
Q3 25
Q2 25
$383.0K
Q1 25
$1.3M
Q4 24
$-276.0K
Q3 24
Q2 24
$98.0K
Q1 24
$-619.0K
FCF Margin
JAGX
JAGX
LEDS
LEDS
Q4 25
12.9%
Q3 25
Q2 25
2.2%
Q1 25
11.8%
Q4 24
-21.9%
Q3 24
Q2 24
7.4%
Q1 24
-69.9%
Capex Intensity
JAGX
JAGX
LEDS
LEDS
Q4 25
1.2%
Q3 25
0.2%
Q2 25
1.8%
Q1 25
1.1%
Q4 24
9.4%
Q3 24
9.3%
Q2 24
0.8%
Q1 24
2.1%
Cash Conversion
JAGX
JAGX
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.

Revenue Breakdown by Segment

JAGX
JAGX

Human Health Segment$3.2M97%
Other$83.0K3%

LEDS
LEDS

Segment breakdown not available.

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