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Side-by-side financial comparison of Laser Photonics Corp (LASE) and Expion360 Inc. (XPON). Click either name above to swap in a different company.
Expion360 Inc. is the larger business by last-quarter revenue ($2.2M vs $919.3K, roughly 2.4× Laser Photonics Corp). Expion360 Inc. runs the higher net margin — -199.9% vs -506.4%, a 306.5% gap on every dollar of revenue. On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs 11.8%). Over the past eight quarters, Expion360 Inc.'s revenue compounded faster (51.1% 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.
Expion360 Inc. is a provider of high-performance lithium iron phosphate (LFP) battery solutions and supporting energy storage products. Its core customer segments cover recreational vehicle owners, marine users, off-grid lifestyle enthusiasts and residential users across the U.S. market, delivering safe, durable and low-carbon energy storage options.
LASE vs XPON — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.3K | $2.2M |
| Net Profit | $-4.7M | $-4.4M |
| Gross Margin | -20.1% | -14.8% |
| Operating Margin | -350.0% | -234.4% |
| Net Margin | -506.4% | -199.9% |
| Revenue YoY | 28.3% | 11.8% |
| Net Profit YoY | -186.5% | -1663.2% |
| EPS (diluted) | $-0.27 | $-0.45 |
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 | — | $2.2M | ||
| Q3 25 | $919.3K | $2.4M | ||
| Q2 25 | $2.6M | $3.0M | ||
| Q1 25 | $2.3M | $2.0M | ||
| Q4 24 | $1.3M | $2.0M | ||
| Q3 24 | $716.7K | $1.4M | ||
| Q2 24 | $623.4K | $1.3M | ||
| Q1 24 | $743.0K | $971.9K |
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $-4.7M | $722.8K | ||
| Q2 25 | $-1.8M | $-1.4M | ||
| Q1 25 | $-1.7M | $-1.2M | ||
| Q4 24 | $586.4K | $-251.6K | ||
| Q3 24 | $-1.6M | $-8.8M | ||
| Q2 24 | $-934.3K | $-2.2M | ||
| Q1 24 | $-545.7K | $-2.2M |
| Q4 25 | — | -14.8% | ||
| Q3 25 | -20.1% | 22.7% | ||
| Q2 25 | 53.5% | 20.8% | ||
| Q1 25 | 49.8% | 24.5% | ||
| Q4 24 | 13.3% | 22.1% | ||
| Q3 24 | 85.0% | 12.1% | ||
| Q2 24 | 50.6% | 25.5% | ||
| Q1 24 | 51.9% | 22.9% |
| Q4 25 | — | -234.4% | ||
| Q3 25 | -350.0% | -125.4% | ||
| Q2 25 | -37.0% | -45.2% | ||
| Q1 25 | -68.7% | -56.0% | ||
| Q4 24 | -255.1% | -59.5% | ||
| Q3 24 | -238.0% | -138.7% | ||
| Q2 24 | -149.4% | -131.4% | ||
| Q1 24 | -73.8% | -202.4% |
| Q4 25 | — | -199.9% | ||
| Q3 25 | -506.4% | 30.2% | ||
| Q2 25 | -68.3% | -45.8% | ||
| Q1 25 | -73.4% | -56.2% | ||
| Q4 24 | 45.7% | -12.7% | ||
| Q3 24 | -226.8% | -634.4% | ||
| Q2 24 | -149.9% | -173.7% | ||
| Q1 24 | -73.4% | -225.6% |
| Q4 25 | — | $-0.45 | ||
| Q3 25 | $-0.27 | $0.10 | ||
| Q2 25 | $-0.12 | $-0.41 | ||
| Q1 25 | $-0.12 | $-0.37 | ||
| Q4 24 | $0.06 | $65.02 | ||
| Q3 24 | $-0.13 | $-24.55 | ||
| Q2 24 | $-0.09 | $-30.20 | ||
| Q1 24 | $-0.06 | $-31.30 |
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 | $3.0M |
| Total DebtLower is stronger | — | $197.2K |
| Stockholders' EquityBook value | $4.1M | $6.5M |
| Total Assets | $17.5M | $8.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.0M | ||
| Q3 25 | $3.6M | $4.3M | ||
| Q2 25 | $78.5K | $684.9K | ||
| Q1 25 | $179.1K | $1.1M | ||
| Q4 24 | $533.9K | $547.6K | ||
| Q3 24 | $2.1M | $3.3M | ||
| Q2 24 | $2.7M | $902.3K | ||
| Q1 24 | $5.2M | $2.3M |
| Q4 25 | — | $197.2K | ||
| Q3 25 | — | $205.6K | ||
| Q2 25 | — | $213.6K | ||
| Q1 25 | — | $221.8K | ||
| Q4 24 | — | $230.2K | ||
| Q3 24 | — | $239.9K | ||
| Q2 24 | — | $247.7K | ||
| Q1 24 | — | $255.4K |
| Q4 25 | — | $6.5M | ||
| Q3 25 | $4.1M | $9.0M | ||
| Q2 25 | $4.3M | $2.1M | ||
| Q1 25 | $6.8M | $3.2M | ||
| Q4 24 | $10.2M | $2.5M | ||
| Q3 24 | $9.7M | $2.5M | ||
| Q2 24 | $10.3M | $2.5M | ||
| Q1 24 | $12.4M | $3.7M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $17.5M | $10.7M | ||
| Q2 25 | $14.9M | $8.6M | ||
| Q1 25 | $16.0M | $9.2M | ||
| Q4 24 | $17.2M | $9.1M | ||
| Q3 24 | $10.6M | $10.1M | ||
| Q2 24 | $11.1M | $8.8M | ||
| Q1 24 | $13.6M | $10.0M |
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.07× |
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 | $-2.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-2.4M | ||
| Q3 25 | $763.1K | $-2.1M | ||
| Q2 25 | $-1.0M | $-401.0K | ||
| Q1 25 | $-1.2M | $-1.2M | ||
| Q4 24 | $-6.5M | $-2.9M | ||
| Q3 24 | $632.7K | $-3.2M | ||
| Q2 24 | $-2.4M | $-1.7M | ||
| Q1 24 | $-866.3K | $-1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $589.6K | — | ||
| Q2 24 | $-2.4M | — | ||
| Q1 24 | $-1.0M | $-1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 82.3% | — | ||
| Q2 24 | -388.0% | — | ||
| Q1 24 | -136.9% | -173.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 20.3% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.90× | ||
| 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.
