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Side-by-side financial comparison of Laser Photonics Corp (LASE) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.
Laser Photonics Corp is the larger business by last-quarter revenue ($919.3K vs $707.3K, roughly 1.3× Pineapple Financial Inc.). Laser Photonics Corp runs the higher net margin — -506.4% vs -2756.2%, a 2249.8% gap on every dollar of revenue. On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs -4.8%). Over the past eight quarters, Pineapple Financial Inc.'s revenue compounded faster (-2.0% CAGR vs -3.9%).
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.
LASE vs PAPL — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $919.3K | $707.3K |
| Net Profit | $-4.7M | $-19.5M |
| Gross Margin | -20.1% | 48.9% |
| Operating Margin | -350.0% | -2518.8% |
| Net Margin | -506.4% | -2756.2% |
| Revenue YoY | 28.3% | -4.8% |
| Net Profit YoY | -186.5% | -3174.1% |
| EPS (diluted) | $-0.27 | $-1.21 |
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.
| Q1 26 | — | $707.3K | ||
| Q4 25 | — | $721.7K | ||
| Q3 25 | $919.3K | $730.5K | ||
| Q2 25 | $2.6M | $746.9K | ||
| Q1 25 | $2.3M | $743.3K | ||
| Q4 24 | $1.3M | $766.1K | ||
| Q3 24 | $716.7K | $598.3K | ||
| Q2 24 | $623.4K | $736.4K |
| Q1 26 | — | $-19.5M | ||
| Q4 25 | — | $-6.4M | ||
| Q3 25 | $-4.7M | $-1.8M | ||
| Q2 25 | $-1.8M | $-557.7K | ||
| Q1 25 | $-1.7M | $-595.4K | ||
| Q4 24 | $586.4K | $-656.9K | ||
| Q3 24 | $-1.6M | $-1.7M | ||
| Q2 24 | $-934.3K | $-848.6K |
| Q1 26 | — | 48.9% | ||
| Q4 25 | — | 49.6% | ||
| Q3 25 | -20.1% | 27.8% | ||
| Q2 25 | 53.5% | 67.6% | ||
| Q1 25 | 49.8% | 43.4% | ||
| Q4 24 | 13.3% | 45.9% | ||
| Q3 24 | 85.0% | 43.2% | ||
| Q2 24 | 50.6% | 44.2% |
| Q1 26 | — | -2518.8% | ||
| Q4 25 | — | -909.1% | ||
| Q3 25 | -350.0% | -131.3% | ||
| Q2 25 | -37.0% | -93.3% | ||
| Q1 25 | -68.7% | -80.6% | ||
| Q4 24 | -255.1% | -90.5% | ||
| Q3 24 | -238.0% | -232.8% | ||
| Q2 24 | -149.4% | -121.7% |
| Q1 26 | — | -2756.2% | ||
| Q4 25 | — | -891.6% | ||
| Q3 25 | -506.4% | -250.3% | ||
| Q2 25 | -68.3% | -74.7% | ||
| Q1 25 | -73.4% | -80.1% | ||
| Q4 24 | 45.7% | -85.7% | ||
| Q3 24 | -226.8% | -283.9% | ||
| Q2 24 | -149.9% | -115.2% |
| Q1 26 | — | $-1.21 | ||
| Q4 25 | — | $-4.79 | ||
| Q3 25 | $-0.27 | $-0.93 | ||
| Q2 25 | $-0.12 | $-0.05 | ||
| Q1 25 | $-0.12 | $-1.73 | ||
| Q4 24 | $0.06 | $-2.60 | ||
| Q3 24 | $-0.13 | $-11.10 | ||
| Q2 24 | $-0.09 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.1M | $27.1M |
| Total Assets | $17.5M | $48.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $3.6M | — | ||
| Q2 25 | $78.5K | — | ||
| Q1 25 | $179.1K | — | ||
| Q4 24 | $533.9K | — | ||
| Q3 24 | $2.1M | — | ||
| Q2 24 | $2.7M | — |
| Q1 26 | — | $27.1M | ||
| Q4 25 | — | $-5.5M | ||
| Q3 25 | $4.1M | $906.7K | ||
| Q2 25 | $4.3M | $842.6K | ||
| Q1 25 | $6.8M | $739.7K | ||
| Q4 24 | $10.2M | $1.3M | ||
| Q3 24 | $9.7M | $1.3M | ||
| Q2 24 | $10.3M | $2.0M |
| Q1 26 | — | $48.9M | ||
| Q4 25 | — | $10.6M | ||
| Q3 25 | $17.5M | $5.4M | ||
| Q2 25 | $14.9M | $4.7M | ||
| Q1 25 | $16.0M | $4.0M | ||
| Q4 24 | $17.2M | $4.1M | ||
| Q3 24 | $10.6M | $4.1M | ||
| Q2 24 | $11.1M | $4.3M |
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 | $763.1K | $-3.3M |
| Free Cash FlowOCF − Capex | — | $-3.3M |
| FCF MarginFCF / Revenue | — | -462.7% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-3.3M | ||
| Q4 25 | — | $-489.7K | ||
| Q3 25 | $763.1K | $-507.6K | ||
| Q2 25 | $-1.0M | $397.0K | ||
| Q1 25 | $-1.2M | $-172.6K | ||
| Q4 24 | $-6.5M | $-663.6K | ||
| Q3 24 | $632.7K | $-264.7K | ||
| Q2 24 | $-2.4M | $123.0K |
| Q1 26 | — | $-3.3M | ||
| Q4 25 | — | $-491.7K | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $589.6K | $-264.7K | ||
| Q2 24 | $-2.4M | $122.7K |
| Q1 26 | — | -462.7% | ||
| Q4 25 | — | -68.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 82.3% | -44.2% | ||
| Q2 24 | -388.0% | 16.7% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.0% | 0.0% | ||
| Q2 24 | 5.1% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -11.11× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
