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Side-by-side financial comparison of NLIGHT, INC. (LASR) and Lifevantage Corp (LFVN). Click either name above to swap in a different company.

NLIGHT, INC. is the larger business by last-quarter revenue ($80.2M vs $48.9M, roughly 1.6× Lifevantage Corp). NLIGHT, INC. runs the higher net margin — 0.8% vs 0.6%, a 0.2% gap on every dollar of revenue. On growth, NLIGHT, INC. posted the faster year-over-year revenue change (55.2% vs -27.8%). Over the past eight quarters, NLIGHT, INC.'s revenue compounded faster (26.0% CAGR vs 0.7%).

nLight Inc. is a global developer and manufacturer of high-performance semiconductor lasers, fiber lasers, and related optical components. Its products serve key segments including industrial precision manufacturing, aerospace and defense, medical equipment, and advanced research, with customers across North America, Europe, and Asia Pacific.

Lifevantage Corp is a health and wellness enterprise that develops, manufactures and distributes science-backed nutritional supplements, skincare and personal care products. It operates via a direct-to-consumer network marketing model, serving customers across North America, Europe and the Asia-Pacific, with focus on anti-aging and holistic health solution segments.

LASR vs LFVN — Head-to-Head

Bigger by revenue
LASR
LASR
1.6× larger
LASR
$80.2M
$48.9M
LFVN
Growing faster (revenue YoY)
LASR
LASR
+83.0% gap
LASR
55.2%
-27.8%
LFVN
Higher net margin
LASR
LASR
0.2% more per $
LASR
0.8%
0.6%
LFVN
Faster 2-yr revenue CAGR
LASR
LASR
Annualised
LASR
26.0%
0.7%
LFVN

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
LASR
LASR
LFVN
LFVN
Revenue
$80.2M
$48.9M
Net Profit
$645.0K
$276.0K
Gross Margin
33.1%
74.0%
Operating Margin
66.0%
1.0%
Net Margin
0.8%
0.6%
Revenue YoY
55.2%
-27.8%
Net Profit YoY
-89.2%
EPS (diluted)
$0.01
$0.02

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
LASR
LASR
LFVN
LFVN
Q1 26
$80.2M
Q4 25
$81.2M
$48.9M
Q3 25
$66.7M
$47.6M
Q2 25
$61.7M
$55.1M
Q1 25
$51.7M
$58.4M
Q4 24
$47.4M
$67.8M
Q3 24
$56.1M
$47.2M
Q2 24
$50.5M
$48.9M
Net Profit
LASR
LASR
LFVN
LFVN
Q1 26
$645.0K
Q4 25
$-4.9M
$276.0K
Q3 25
$-6.9M
$2.2M
Q2 25
$-3.6M
$2.0M
Q1 25
$-8.1M
$3.5M
Q4 24
$-25.0M
$2.5M
Q3 24
$-10.3M
$1.8M
Q2 24
$-11.7M
$1.3M
Gross Margin
LASR
LASR
LFVN
LFVN
Q1 26
33.1%
Q4 25
30.7%
74.0%
Q3 25
31.1%
79.5%
Q2 25
29.9%
79.9%
Q1 25
26.7%
81.0%
Q4 24
2.4%
80.5%
Q3 24
22.4%
79.9%
Q2 24
23.5%
79.5%
Operating Margin
LASR
LASR
LFVN
LFVN
Q1 26
66.0%
Q4 25
-6.7%
1.0%
Q3 25
-10.9%
4.8%
Q2 25
-6.9%
3.9%
Q1 25
-18.6%
6.9%
Q4 24
-55.8%
5.1%
Q3 24
-21.0%
5.4%
Q2 24
-25.1%
5.9%
Net Margin
LASR
LASR
LFVN
LFVN
Q1 26
0.8%
Q4 25
-6.0%
0.6%
Q3 25
-10.3%
4.5%
Q2 25
-5.8%
3.6%
Q1 25
-15.7%
5.9%
Q4 24
-52.7%
3.8%
Q3 24
-18.4%
3.9%
Q2 24
-23.2%
2.7%
EPS (diluted)
LASR
LASR
LFVN
LFVN
Q1 26
$0.01
Q4 25
$-0.10
$0.02
Q3 25
$-0.14
$0.17
Q2 25
$-0.07
$0.16
Q1 25
$-0.16
$0.26
Q4 24
$-0.52
$0.19
Q3 24
$-0.21
$0.14
Q2 24
$-0.25
$0.10

Balance Sheet & Financial Strength

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

Metric
LASR
LASR
LFVN
LFVN
Cash + ST InvestmentsLiquidity on hand
$298.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$429.2M
$33.0M
Total Assets
$515.7M
$61.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LASR
LASR
LFVN
LFVN
Q1 26
$298.2M
Q4 25
$98.7M
Q3 25
$81.1M
Q2 25
$78.8M
$20.2M
Q1 25
$82.2M
Q4 24
$65.8M
Q3 24
$41.5M
Q2 24
$49.4M
$16.9M
Stockholders' Equity
LASR
LASR
LFVN
LFVN
Q1 26
$429.2M
Q4 25
$226.7M
$33.0M
Q3 25
$218.5M
$33.2M
Q2 25
$216.0M
$34.6M
Q1 25
$212.8M
$34.0M
Q4 24
$216.4M
$29.9M
Q3 24
$235.3M
$27.7M
Q2 24
$239.5M
$26.0M
Total Assets
LASR
LASR
LFVN
LFVN
Q1 26
$515.7M
Q4 25
$315.2M
$61.2M
Q3 25
$298.7M
$61.6M
Q2 25
$295.3M
$72.0M
Q1 25
$290.0M
$77.2M
Q4 24
$270.2M
$68.5M
Q3 24
$291.3M
$61.5M
Q2 24
$294.3M
$60.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LASR
LASR
LFVN
LFVN
Operating Cash FlowLast quarter
$2.8M
Free Cash FlowOCF − Capex
$1.7M
FCF MarginFCF / Revenue
3.5%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
10.11×
TTM Free Cash FlowTrailing 4 quarters
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LASR
LASR
LFVN
LFVN
Q1 26
Q4 25
$17.5M
$2.8M
Q3 25
$5.2M
$-2.3M
Q2 25
$-1.4M
$1.0M
Q1 25
$-20.0K
$2.2M
Q4 24
$-3.9M
$9.2M
Q3 24
$-5.6M
$-583.0K
Q2 24
$-4.2M
$2.6M
Free Cash Flow
LASR
LASR
LFVN
LFVN
Q1 26
Q4 25
$15.9M
$1.7M
Q3 25
$2.4M
$-2.7M
Q2 25
$-3.8M
$835.0K
Q1 25
$-2.3M
$1.9M
Q4 24
$-6.5M
$8.7M
Q3 24
$-7.2M
$-932.0K
Q2 24
$-6.4M
$2.3M
FCF Margin
LASR
LASR
LFVN
LFVN
Q1 26
Q4 25
19.6%
3.5%
Q3 25
3.7%
-5.8%
Q2 25
-6.1%
1.5%
Q1 25
-4.5%
3.2%
Q4 24
-13.7%
12.8%
Q3 24
-12.9%
-2.0%
Q2 24
-12.6%
4.7%
Capex Intensity
LASR
LASR
LFVN
LFVN
Q1 26
Q4 25
2.0%
2.2%
Q3 25
4.2%
0.9%
Q2 25
3.9%
0.4%
Q1 25
4.4%
0.6%
Q4 24
5.5%
0.7%
Q3 24
2.9%
0.7%
Q2 24
4.2%
0.6%
Cash Conversion
LASR
LASR
LFVN
LFVN
Q1 26
Q4 25
10.11×
Q3 25
-1.07×
Q2 25
0.53×
Q1 25
0.64×
Q4 24
3.61×
Q3 24
-0.32×
Q2 24
1.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LASR
LASR

Products$58.2M73%
Development$22.0M27%

LFVN
LFVN

Segment breakdown not available.

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