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Side-by-side financial comparison of KOPIN CORP (KOPN) and Peraso Inc. (PRSO). Click either name above to swap in a different company.
KOPIN CORP is the larger business by last-quarter revenue ($8.4M vs $2.9M, roughly 2.9× Peraso Inc.). KOPIN CORP runs the higher net margin — 81.3% vs -43.3%, a 124.6% gap on every dollar of revenue. On growth, Peraso Inc. posted the faster year-over-year revenue change (-22.0% vs -42.9%). Over the past eight quarters, Peraso Inc.'s revenue compounded faster (1.0% CAGR vs -8.7%).
The Kopin Corporation is a Westborough, Massachusetts-based electronics manufacturer, best known for its microdisplay devices and application specific optical solutions for defense, enterprise, medical and consumer mobile electronics.
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.
KOPN vs PRSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $2.9M |
| Net Profit | $6.8M | $-1.2M |
| Gross Margin | — | 52.2% |
| Operating Margin | -60.0% | -44.6% |
| Net Margin | 81.3% | -43.3% |
| Revenue YoY | -42.9% | -22.0% |
| Net Profit YoY | 449.5% | 20.3% |
| EPS (diluted) | $0.04 | $-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 | $8.4M | $2.9M | ||
| Q3 25 | $12.0M | $3.2M | ||
| Q2 25 | $8.5M | $2.2M | ||
| Q1 25 | $10.5M | $3.9M | ||
| Q4 24 | $14.6M | $3.7M | ||
| Q3 24 | $13.3M | $3.8M | ||
| Q2 24 | $12.3M | $4.2M | ||
| Q1 24 | $10.0M | $2.8M |
| Q4 25 | $6.8M | $-1.2M | ||
| Q3 25 | $4.1M | $-1.2M | ||
| Q2 25 | $-5.2M | $-1.8M | ||
| Q1 25 | $-3.1M | $-471.0K | ||
| Q4 24 | $-1.9M | $-1.6M | ||
| Q3 24 | $-3.5M | $-2.7M | ||
| Q2 24 | $-5.9M | $-4.4M | ||
| Q1 24 | $-32.5M | $-2.0M |
| Q4 25 | — | 52.2% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 48.3% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | 55.5% | ||
| Q1 24 | — | 46.4% |
| Q4 25 | -60.0% | -44.6% | ||
| Q3 25 | 37.9% | -36.8% | ||
| Q2 25 | -64.6% | -80.0% | ||
| Q1 25 | -37.1% | -13.3% | ||
| Q4 24 | -15.1% | -44.3% | ||
| Q3 24 | -21.0% | -70.3% | ||
| Q2 24 | -44.2% | -105.6% | ||
| Q1 24 | -325.4% | -128.9% |
| Q4 25 | 81.3% | -43.3% | ||
| Q3 25 | 34.1% | -37.4% | ||
| Q2 25 | -61.1% | -82.4% | ||
| Q1 25 | -29.5% | -12.2% | ||
| Q4 24 | -13.3% | -42.4% | ||
| Q3 24 | -26.0% | -70.6% | ||
| Q2 24 | -48.0% | -104.4% | ||
| Q1 24 | -324.4% | -72.1% |
| Q4 25 | $0.04 | $-0.09 | ||
| Q3 25 | $0.02 | $-0.17 | ||
| Q2 25 | $-0.03 | $-0.31 | ||
| Q1 25 | $-0.02 | $-0.10 | ||
| Q4 24 | $0.02 | $0.36 | ||
| Q3 24 | $-0.03 | $-0.98 | ||
| Q2 24 | $-0.05 | $-1.88 | ||
| Q1 24 | $-0.27 | $-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 | $36.4M | $2.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $64.1M | $4.6M |
| Total Assets | $108.4M | $6.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.4M | $2.9M | ||
| Q3 25 | $26.5M | — | ||
| Q2 25 | $26.8M | — | ||
| Q1 25 | $31.5M | — | ||
| Q4 24 | $35.6M | $3.3M | ||
| Q3 24 | $36.2M | $1.3M | ||
| Q2 24 | $17.6M | $1.9M | ||
| Q1 24 | $21.1M | $2.4M |
| Q4 25 | $64.1M | $4.6M | ||
| Q3 25 | $21.3M | $3.6M | ||
| Q2 25 | $16.0M | $3.0M | ||
| Q1 25 | $20.7M | $3.6M | ||
| Q4 24 | $23.3M | $3.5M | ||
| Q3 24 | $22.7M | $2.0M | ||
| Q2 24 | $-216.3K | $3.6M | ||
| Q1 24 | $4.9M | $6.7M |
| Q4 25 | $108.4M | $6.1M | ||
| Q3 25 | $61.2M | $6.2M | ||
| Q2 25 | $61.2M | $5.5M | ||
| Q1 25 | $65.0M | $6.7M | ||
| Q4 24 | $70.8M | $7.2M | ||
| Q3 24 | $70.6M | $7.2M | ||
| Q2 24 | $49.0M | $9.8M | ||
| Q1 24 | $51.3M | $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 | $-7.9M | $-1.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-1.1M | ||
| Q3 25 | $-110.4K | $-1.5M | ||
| Q2 25 | $-4.2M | $-2.0M | ||
| Q1 25 | $-3.4M | $-966.0K | ||
| Q4 24 | $-1.6M | $-687.0K | ||
| Q3 24 | $-6.5M | $-683.0K | ||
| Q2 24 | $-3.1M | $-659.0K | ||
| Q1 24 | $-3.1M | $-2.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-1.6M | ||
| Q2 25 | $-4.9M | — | ||
| Q1 25 | $-3.9M | — | ||
| Q4 24 | $-2.1M | — | ||
| Q3 24 | $-6.5M | — | ||
| Q2 24 | $-3.1M | — | ||
| Q1 24 | $-3.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -48.9% | ||
| Q2 25 | -57.9% | — | ||
| Q1 25 | -37.1% | — | ||
| Q4 24 | -14.2% | — | ||
| Q3 24 | -48.6% | — | ||
| Q2 24 | -25.5% | — | ||
| Q1 24 | -33.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 2.4% | — |
| Q4 25 | -1.15× | — | ||
| Q3 25 | -0.03× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
KOPN
| Net Product Revenues | $5.6M | 67% |
| Other | $2.7M | 33% |
PRSO
| Products | $2.8M | 96% |
| Other | $105.0K | 4% |
