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Side-by-side financial comparison of NLIGHT, INC. (LASR) and SONIDA SENIOR LIVING, INC. (SNDA). Click either name above to swap in a different company.

SONIDA SENIOR LIVING, INC. is the larger business by last-quarter revenue ($97.7M vs $81.2M, roughly 1.2× NLIGHT, INC.). NLIGHT, INC. runs the higher net margin — -6.0% vs -30.5%, a 24.4% gap on every dollar of revenue. On growth, NLIGHT, INC. posted the faster year-over-year revenue change (71.3% vs 6.2%). NLIGHT, INC. produced more free cash flow last quarter ($15.9M vs $-9.3M). Over the past eight quarters, NLIGHT, INC.'s revenue compounded faster (35.0% CAGR vs 20.3%).

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.

Sonida Senior Living, Inc. is a leading owner, operator and investor in senior housing communities in the United States in terms of resident capacity. The company and its predecessors have provided senior housing since 1990. As of June 1, 2025, the company operated 96 senior housing communities in 20 states with an aggregate capacity of approximately 10,000+ residents, including 83 senior housing communities that the company owns and 13 communities that the company manages on behalf of third ...

LASR vs SNDA — Head-to-Head

Bigger by revenue
SNDA
SNDA
1.2× larger
SNDA
$97.7M
$81.2M
LASR
Growing faster (revenue YoY)
LASR
LASR
+65.1% gap
LASR
71.3%
6.2%
SNDA
Higher net margin
LASR
LASR
24.4% more per $
LASR
-6.0%
-30.5%
SNDA
More free cash flow
LASR
LASR
$25.2M more FCF
LASR
$15.9M
$-9.3M
SNDA
Faster 2-yr revenue CAGR
LASR
LASR
Annualised
LASR
35.0%
20.3%
SNDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LASR
LASR
SNDA
SNDA
Revenue
$81.2M
$97.7M
Net Profit
$-4.9M
$-29.8M
Gross Margin
30.7%
Operating Margin
-6.7%
-30.8%
Net Margin
-6.0%
-30.5%
Revenue YoY
71.3%
6.2%
Net Profit YoY
80.3%
-441.0%
EPS (diluted)
$-0.10
$-1.73

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
SNDA
SNDA
Q4 25
$81.2M
$97.7M
Q3 25
$66.7M
$98.0M
Q2 25
$61.7M
$93.5M
Q1 25
$51.7M
$91.9M
Q4 24
$47.4M
$91.9M
Q3 24
$56.1M
$74.8M
Q2 24
$50.5M
$70.2M
Q1 24
$44.5M
$67.4M
Net Profit
LASR
LASR
SNDA
SNDA
Q4 25
$-4.9M
$-29.8M
Q3 25
$-6.9M
$-26.9M
Q2 25
$-3.6M
$-1.6M
Q1 25
$-8.1M
$-12.5M
Q4 24
$-25.0M
$-5.5M
Q3 24
$-10.3M
$-13.8M
Q2 24
$-11.7M
$-9.8M
Q1 24
$-13.8M
$27.0M
Gross Margin
LASR
LASR
SNDA
SNDA
Q4 25
30.7%
Q3 25
31.1%
Q2 25
29.9%
Q1 25
26.7%
Q4 24
2.4%
Q3 24
22.4%
Q2 24
23.5%
Q1 24
16.8%
Operating Margin
LASR
LASR
SNDA
SNDA
Q4 25
-6.7%
-30.8%
Q3 25
-10.9%
-27.8%
Q2 25
-6.9%
-2.0%
Q1 25
-18.6%
21.9%
Q4 24
-55.8%
-6.7%
Q3 24
-21.0%
-19.0%
Q2 24
-25.1%
-13.9%
Q1 24
-33.1%
22.1%
Net Margin
LASR
LASR
SNDA
SNDA
Q4 25
-6.0%
-30.5%
Q3 25
-10.3%
-27.4%
Q2 25
-5.8%
-1.7%
Q1 25
-15.7%
-13.6%
Q4 24
-52.7%
-6.0%
Q3 24
-18.4%
-18.4%
Q2 24
-23.2%
-14.0%
Q1 24
-30.9%
40.1%
EPS (diluted)
LASR
LASR
SNDA
SNDA
Q4 25
$-0.10
$-1.73
Q3 25
$-0.14
$-1.56
Q2 25
$-0.07
$-0.16
Q1 25
$-0.16
$-0.77
Q4 24
$-0.52
$-0.86
Q3 24
$-0.21
$-0.98
Q2 24
$-0.25
$-0.86
Q1 24
$-0.29
$2.16

Balance Sheet & Financial Strength

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

Metric
LASR
LASR
SNDA
SNDA
Cash + ST InvestmentsLiquidity on hand
$98.7M
$11.0M
Total DebtLower is stronger
$689.7M
Stockholders' EquityBook value
$226.7M
$-11.0K
Total Assets
$315.2M
$844.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LASR
LASR
SNDA
SNDA
Q4 25
$98.7M
$11.0M
Q3 25
$81.1M
$17.0M
Q2 25
$78.8M
$14.1M
Q1 25
$82.2M
$14.0M
Q4 24
$65.8M
$17.0M
Q3 24
$41.5M
$24.9M
Q2 24
$49.4M
$9.5M
Q1 24
$61.3M
$24.2M
Total Debt
LASR
LASR
SNDA
SNDA
Q4 25
$689.7M
Q3 25
$684.4M
Q2 25
$677.9M
Q1 25
$650.9M
Q4 24
$651.4M
Q3 24
$604.1M
Q2 24
$583.8M
Q1 24
$578.1M
Stockholders' Equity
LASR
LASR
SNDA
SNDA
Q4 25
$226.7M
$-11.0K
Q3 25
$218.5M
$29.8M
Q2 25
$216.0M
$56.7M
Q1 25
$212.8M
$58.8M
Q4 24
$216.4M
$71.8M
Q3 24
$235.3M
$77.5M
Q2 24
$239.5M
$-34.1M
Q1 24
$244.4M
$-41.4M
Total Assets
LASR
LASR
SNDA
SNDA
Q4 25
$315.2M
$844.8M
Q3 25
$298.7M
$854.8M
Q2 25
$295.3M
$849.8M
Q1 25
$290.0M
$824.5M
Q4 24
$270.2M
$841.9M
Q3 24
$291.3M
$796.2M
Q2 24
$294.3M
$652.2M
Q1 24
$302.8M
$636.3M
Debt / Equity
LASR
LASR
SNDA
SNDA
Q4 25
Q3 25
22.99×
Q2 25
11.96×
Q1 25
11.08×
Q4 24
9.07×
Q3 24
7.79×
Q2 24
Q1 24

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
SNDA
SNDA
Operating Cash FlowLast quarter
$17.5M
$-400.0K
Free Cash FlowOCF − Capex
$15.9M
$-9.3M
FCF MarginFCF / Revenue
19.6%
-9.5%
Capex IntensityCapex / Revenue
2.0%
9.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.3M
$-8.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LASR
LASR
SNDA
SNDA
Q4 25
$17.5M
$-400.0K
Q3 25
$5.2M
$12.0M
Q2 25
$-1.4M
$8.9M
Q1 25
$-20.0K
$3.8M
Q4 24
$-3.9M
$-3.1M
Q3 24
$-5.6M
$3.0M
Q2 24
$-4.2M
$2.5M
Q1 24
$11.4M
$-4.1M
Free Cash Flow
LASR
LASR
SNDA
SNDA
Q4 25
$15.9M
$-9.3M
Q3 25
$2.4M
$3.0M
Q2 25
$-3.8M
$1.9M
Q1 25
$-2.3M
$-4.5M
Q4 24
$-6.5M
$-10.4M
Q3 24
$-7.2M
$-5.1M
Q2 24
$-6.4M
$-1.7M
Q1 24
$9.8M
$-9.9M
FCF Margin
LASR
LASR
SNDA
SNDA
Q4 25
19.6%
-9.5%
Q3 25
3.7%
3.0%
Q2 25
-6.1%
2.1%
Q1 25
-4.5%
-4.9%
Q4 24
-13.7%
-11.3%
Q3 24
-12.9%
-6.8%
Q2 24
-12.6%
-2.4%
Q1 24
22.1%
-14.6%
Capex Intensity
LASR
LASR
SNDA
SNDA
Q4 25
2.0%
9.1%
Q3 25
4.2%
9.2%
Q2 25
3.9%
7.5%
Q1 25
4.4%
9.1%
Q4 24
5.5%
7.9%
Q3 24
2.9%
10.8%
Q2 24
4.2%
5.9%
Q1 24
3.5%
8.5%
Cash Conversion
LASR
LASR
SNDA
SNDA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LASR
LASR

Aerospaceand Defense$56.3M69%
Microfabrication$14.2M18%
Industrial$10.7M13%

SNDA
SNDA

Health Care Resident Service$86.3M88%
Community Reimbursement Revenue$10.3M11%
Management Service$1.1M1%

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