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Side-by-side financial comparison of KOPIN CORP (KOPN) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $8.4M, roughly 1.9× KOPIN CORP). KOPIN CORP runs the higher net margin — 81.3% vs -176.6%, a 258.0% gap on every dollar of revenue. On growth, Spire Global, Inc. posted the faster year-over-year revenue change (-26.9% vs -42.9%). Over the past eight quarters, KOPIN CORP's revenue compounded faster (-8.7% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
KOPN vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $15.8M |
| Net Profit | $6.8M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | -60.0% | -164.1% |
| Net Margin | 81.3% | -176.6% |
| Revenue YoY | -42.9% | -26.9% |
| Net Profit YoY | 449.5% | 42.7% |
| EPS (diluted) | $0.04 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $12.0M | $12.7M | ||
| Q2 25 | $8.5M | $19.2M | ||
| Q1 25 | $10.5M | $23.9M | ||
| Q4 24 | $14.6M | $21.7M | ||
| Q3 24 | $13.3M | $28.6M | ||
| Q2 24 | $12.3M | $25.4M | ||
| Q1 24 | $10.0M | $34.8M |
| Q4 25 | $6.8M | $-28.0M | ||
| Q3 25 | $4.1M | $-19.7M | ||
| Q2 25 | $-5.2M | $119.6M | ||
| Q1 25 | $-3.1M | $-20.7M | ||
| Q4 24 | $-1.9M | $-48.8M | ||
| Q3 24 | $-3.5M | $-12.5M | ||
| Q2 24 | $-5.9M | $-16.6M | ||
| Q1 24 | $-32.5M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | -60.0% | -164.1% | ||
| Q3 25 | 37.9% | -166.1% | ||
| Q2 25 | -64.6% | -122.7% | ||
| Q1 25 | -37.1% | -106.5% | ||
| Q4 24 | -15.1% | -144.1% | ||
| Q3 24 | -21.0% | -48.0% | ||
| Q2 24 | -44.2% | -48.6% | ||
| Q1 24 | -325.4% | -34.4% |
| Q4 25 | 81.3% | -176.6% | ||
| Q3 25 | 34.1% | -155.3% | ||
| Q2 25 | -61.1% | 623.4% | ||
| Q1 25 | -29.5% | -86.5% | ||
| Q4 24 | -13.3% | -225.2% | ||
| Q3 24 | -26.0% | -43.7% | ||
| Q2 24 | -48.0% | -65.2% | ||
| Q1 24 | -324.4% | -73.3% |
| Q4 25 | $0.04 | $-0.85 | ||
| Q3 25 | $0.02 | $-0.61 | ||
| Q2 25 | $-0.03 | $3.72 | ||
| Q1 25 | $-0.02 | $-0.77 | ||
| Q4 24 | $0.02 | $-1.93 | ||
| Q3 24 | $-0.03 | $-0.50 | ||
| Q2 24 | $-0.05 | $-0.68 | ||
| Q1 24 | $-0.27 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $64.1M | $112.9M |
| Total Assets | $108.4M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.4M | $81.8M | ||
| Q3 25 | $26.5M | $96.8M | ||
| Q2 25 | $26.8M | $117.6M | ||
| Q1 25 | $31.5M | $35.9M | ||
| Q4 24 | $35.6M | $19.2M | ||
| Q3 24 | $36.2M | $36.6M | ||
| Q2 24 | $17.6M | $45.8M | ||
| Q1 24 | $21.1M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $64.1M | $112.9M | ||
| Q3 25 | $21.3M | $133.1M | ||
| Q2 25 | $16.0M | $149.2M | ||
| Q1 25 | $20.7M | $3.7M | ||
| Q4 24 | $23.3M | $-11.7M | ||
| Q3 24 | $22.7M | $30.8M | ||
| Q2 24 | $-216.3K | $40.3M | ||
| Q1 24 | $4.9M | $52.5M |
| Q4 25 | $108.4M | $211.0M | ||
| Q3 25 | $61.2M | $224.3M | ||
| Q2 25 | $61.2M | $239.5M | ||
| Q1 25 | $65.0M | $208.8M | ||
| Q4 24 | $70.8M | $193.6M | ||
| Q3 24 | $70.6M | $224.2M | ||
| Q2 24 | $49.0M | $230.8M | ||
| Q1 24 | $51.3M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | — | 75.1% |
| Cash ConversionOCF / Net Profit | -1.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $-4.3M | ||
| Q3 25 | $-110.4K | $-12.0M | ||
| Q2 25 | $-4.2M | $-35.1M | ||
| Q1 25 | $-3.4M | $-8.4M | ||
| Q4 24 | $-1.6M | $-19.2M | ||
| Q3 24 | $-6.5M | $14.0M | ||
| Q2 24 | $-3.1M | $-4.4M | ||
| Q1 24 | $-3.1M | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | $-4.9M | $-38.7M | ||
| Q1 25 | $-3.9M | $-17.3M | ||
| Q4 24 | $-2.1M | $-24.3M | ||
| Q3 24 | $-6.5M | $5.1M | ||
| Q2 24 | $-3.1M | $-9.9M | ||
| Q1 24 | $-3.4M | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | -57.9% | -201.7% | ||
| Q1 25 | -37.1% | -72.6% | ||
| Q4 24 | -14.2% | -112.2% | ||
| Q3 24 | -48.6% | 17.8% | ||
| Q2 24 | -25.5% | -39.0% | ||
| Q1 24 | -33.4% | -45.7% |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | 8.7% | 18.8% | ||
| Q1 25 | 4.7% | 37.3% | ||
| Q4 24 | 3.4% | 23.5% | ||
| Q3 24 | 0.1% | 31.2% | ||
| Q2 24 | 0.5% | 21.8% | ||
| Q1 24 | 2.4% | 20.3% |
| Q4 25 | -1.15× | — | ||
| Q3 25 | -0.03× | — | ||
| Q2 25 | — | -0.29× | ||
| 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% |
SPIR
Segment breakdown not available.
