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Side-by-side financial comparison of SemiLEDs Corp (LEDS) and PRECIGEN, INC. (PGEN). Click either name above to swap in a different company.

SemiLEDs Corp is the larger business by last-quarter revenue ($2.6M vs $1.8M, roughly 1.5× PRECIGEN, INC.). SemiLEDs Corp runs the higher net margin — -28.9% vs -1149.9%, a 1121.0% gap on every dollar of revenue. On growth, SemiLEDs Corp posted the faster year-over-year revenue change (103.7% vs -39.3%). SemiLEDs Corp produced more free cash flow last quarter ($331.0K vs $-15.9M).

SEMI is an industry association comprising companies involved in the electronics design and manufacturing supply chain. They provide equipment, materials and services for the manufacture of semiconductors, photovoltaic panels, LED and flat panel displays, micro-electromechanical systems (MEMS), printed and flexible electronics, and related micro and nano-technologies.

Precigen, Inc. is an American biotechnology company. Its president and CEO is Helen Sabzevari.

LEDS vs PGEN — Head-to-Head

Bigger by revenue
LEDS
LEDS
1.5× larger
LEDS
$2.6M
$1.8M
PGEN
Growing faster (revenue YoY)
LEDS
LEDS
+143.0% gap
LEDS
103.7%
-39.3%
PGEN
Higher net margin
LEDS
LEDS
1121.0% more per $
LEDS
-28.9%
-1149.9%
PGEN
More free cash flow
LEDS
LEDS
$16.2M more FCF
LEDS
$331.0K
$-15.9M
PGEN

Income Statement — Q1 FY2026 vs Q2 FY2023

Metric
LEDS
LEDS
PGEN
PGEN
Revenue
$2.6M
$1.8M
Net Profit
$-742.0K
$-20.3M
Gross Margin
0.7%
Operating Margin
-39.4%
-1153.6%
Net Margin
-28.9%
-1149.9%
Revenue YoY
103.7%
-39.3%
Net Profit YoY
-35.6%
-15.2%
EPS (diluted)
$-0.09
$-0.08

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
LEDS
LEDS
PGEN
PGEN
Q4 25
$2.6M
Q3 25
$13.2M
Q2 25
$17.7M
Q1 25
$10.9M
Q4 24
$1.3M
Q3 24
$1.3M
Q2 24
$1.3M
Q1 24
$886.0K
Net Profit
LEDS
LEDS
PGEN
PGEN
Q4 25
$-742.0K
Q3 25
$-1.2M
Q2 25
$223.0K
Q1 25
$388.0K
Q4 24
$-547.0K
Q3 24
Q2 24
$-319.0K
Q1 24
$-559.0K
Gross Margin
LEDS
LEDS
PGEN
PGEN
Q4 25
0.7%
Q3 25
1.7%
Q2 25
5.3%
Q1 25
9.2%
Q4 24
20.6%
Q3 24
11.6%
Q2 24
41.0%
Q1 24
12.6%
Operating Margin
LEDS
LEDS
PGEN
PGEN
Q4 25
-39.4%
Q3 25
-9.0%
Q2 25
-0.4%
Q1 25
1.0%
Q4 24
-52.1%
Q3 24
Q2 24
-35.8%
Q1 24
-93.9%
Net Margin
LEDS
LEDS
PGEN
PGEN
Q4 25
-28.9%
Q3 25
-9.0%
Q2 25
1.3%
Q1 25
3.6%
Q4 24
-43.4%
Q3 24
Q2 24
-24.1%
Q1 24
-63.1%
EPS (diluted)
LEDS
LEDS
PGEN
PGEN
Q4 25
$-0.09
Q3 25
$-0.15
Q2 25
$0.03
Q1 25
$0.05
Q4 24
$-0.08
Q3 24
Q2 24
$-0.04
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
LEDS
LEDS
PGEN
PGEN
Cash + ST InvestmentsLiquidity on hand
$2.9M
$88.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1M
$166.2M
Total Assets
$14.2M
$207.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEDS
LEDS
PGEN
PGEN
Q4 25
$2.9M
Q3 25
$2.6M
Q2 25
$2.4M
Q1 25
$2.4M
Q4 24
$1.2M
Q3 24
$1.7M
Q2 24
$1.7M
Q1 24
$1.6M
Total Debt
LEDS
LEDS
PGEN
PGEN
Q4 25
Q3 25
$1.7M
Q2 25
Q1 25
Q4 24
Q3 24
$3.7M
Q2 24
Q1 24
Stockholders' Equity
LEDS
LEDS
PGEN
PGEN
Q4 25
$2.1M
Q3 25
$2.8M
Q2 25
$4.0M
Q1 25
$3.6M
Q4 24
$1.6M
Q3 24
$2.2M
Q2 24
$2.7M
Q1 24
$3.0M
Total Assets
LEDS
LEDS
PGEN
PGEN
Q4 25
$14.2M
Q3 25
$15.6M
Q2 25
$23.2M
Q1 25
$23.2M
Q4 24
$10.4M
Q3 24
$11.1M
Q2 24
$11.5M
Q1 24
$12.0M
Debt / Equity
LEDS
LEDS
PGEN
PGEN
Q4 25
Q3 25
0.61×
Q2 25
Q1 25
Q4 24
Q3 24
1.69×
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
LEDS
LEDS
PGEN
PGEN
Operating Cash FlowLast quarter
$361.0K
$-15.8M
Free Cash FlowOCF − Capex
$331.0K
$-15.9M
FCF MarginFCF / Revenue
12.9%
-898.1%
Capex IntensityCapex / Revenue
1.2%
5.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-129.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEDS
LEDS
PGEN
PGEN
Q4 25
$361.0K
Q3 25
Q2 25
$693.0K
Q1 25
$1.4M
Q4 24
$-158.0K
Q3 24
Q2 24
$109.0K
Q1 24
$-600.0K
Free Cash Flow
LEDS
LEDS
PGEN
PGEN
Q4 25
$331.0K
Q3 25
Q2 25
$383.0K
Q1 25
$1.3M
Q4 24
$-276.0K
Q3 24
Q2 24
$98.0K
Q1 24
$-619.0K
FCF Margin
LEDS
LEDS
PGEN
PGEN
Q4 25
12.9%
Q3 25
Q2 25
2.2%
Q1 25
11.8%
Q4 24
-21.9%
Q3 24
Q2 24
7.4%
Q1 24
-69.9%
Capex Intensity
LEDS
LEDS
PGEN
PGEN
Q4 25
1.2%
Q3 25
0.2%
Q2 25
1.8%
Q1 25
1.1%
Q4 24
9.4%
Q3 24
9.3%
Q2 24
0.8%
Q1 24
2.1%
Cash Conversion
LEDS
LEDS
PGEN
PGEN
Q4 25
Q3 25
Q2 25
3.11×
Q1 25
3.62×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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