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

RAVE RESTAURANT GROUP, INC. is the larger business by last-quarter revenue ($3.0M vs $2.6M, roughly 1.2× SemiLEDs Corp). RAVE RESTAURANT GROUP, INC. runs the higher net margin — 20.9% vs -28.9%, a 49.8% gap on every dollar of revenue. On growth, SemiLEDs Corp posted the faster year-over-year revenue change (103.7% vs 6.0%). SemiLEDs Corp produced more free cash flow last quarter ($331.0K vs $297.0K). Over the past eight quarters, SemiLEDs Corp's revenue compounded faster (70.3% CAGR vs 1.3%).

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.

RAVE Restaurant Group, Inc. is a U.S.-headquartered restaurant franchising and operation enterprise, owning well-known casual dining brands including Pizza Inn and Pie Five Pizza. It offers pizza, pasta, salads and supporting menu items, primarily operates in the North American market with both company-owned and franchised outlets, targeting consumers looking for affordable, family-friendly casual meal options.

LEDS vs RAVE — Head-to-Head

Bigger by revenue
RAVE
RAVE
1.2× larger
RAVE
$3.0M
$2.6M
LEDS
Growing faster (revenue YoY)
LEDS
LEDS
+97.7% gap
LEDS
103.7%
6.0%
RAVE
Higher net margin
RAVE
RAVE
49.8% more per $
RAVE
20.9%
-28.9%
LEDS
More free cash flow
LEDS
LEDS
$34.0K more FCF
LEDS
$331.0K
$297.0K
RAVE
Faster 2-yr revenue CAGR
LEDS
LEDS
Annualised
LEDS
70.3%
1.3%
RAVE

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
LEDS
LEDS
RAVE
RAVE
Revenue
$2.6M
$3.0M
Net Profit
$-742.0K
$637.0K
Gross Margin
0.7%
Operating Margin
-39.4%
24.4%
Net Margin
-28.9%
20.9%
Revenue YoY
103.7%
6.0%
Net Profit YoY
-35.6%
4.9%
EPS (diluted)
$-0.09
$0.04

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
RAVE
RAVE
Q4 25
$2.6M
$3.0M
Q3 25
$13.2M
$3.2M
Q2 25
$17.7M
$3.2M
Q1 25
$10.9M
$3.0M
Q4 24
$1.3M
$2.9M
Q3 24
$1.3M
$3.0M
Q2 24
$1.3M
$3.4M
Q1 24
$886.0K
$3.0M
Net Profit
LEDS
LEDS
RAVE
RAVE
Q4 25
$-742.0K
$637.0K
Q3 25
$-1.2M
$645.0K
Q2 25
$223.0K
$847.0K
Q1 25
$388.0K
$722.0K
Q4 24
$-547.0K
$607.0K
Q3 24
$526.0K
Q2 24
$-319.0K
$880.0K
Q1 24
$-559.0K
$654.0K
Gross Margin
LEDS
LEDS
RAVE
RAVE
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
RAVE
RAVE
Q4 25
-39.4%
24.4%
Q3 25
-9.0%
23.4%
Q2 25
-0.4%
38.8%
Q1 25
1.0%
32.0%
Q4 24
-52.1%
23.1%
Q3 24
20.0%
Q2 24
-35.8%
35.2%
Q1 24
-93.9%
28.8%
Net Margin
LEDS
LEDS
RAVE
RAVE
Q4 25
-28.9%
20.9%
Q3 25
-9.0%
20.1%
Q2 25
1.3%
26.9%
Q1 25
3.6%
24.3%
Q4 24
-43.4%
21.2%
Q3 24
17.2%
Q2 24
-24.1%
26.2%
Q1 24
-63.1%
22.1%
EPS (diluted)
LEDS
LEDS
RAVE
RAVE
Q4 25
$-0.09
$0.04
Q3 25
$-0.15
$0.05
Q2 25
$0.03
$0.06
Q1 25
$0.05
$0.05
Q4 24
$-0.08
$0.04
Q3 24
$0.04
Q2 24
$-0.04
$0.06
Q1 24
$-0.11
$0.04

Balance Sheet & Financial Strength

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

Metric
LEDS
LEDS
RAVE
RAVE
Cash + ST InvestmentsLiquidity on hand
$2.9M
$10.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1M
$15.5M
Total Assets
$14.2M
$17.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEDS
LEDS
RAVE
RAVE
Q4 25
$2.9M
$10.9M
Q3 25
$2.6M
$10.6M
Q2 25
$2.4M
$9.9M
Q1 25
$2.4M
$8.7M
Q4 24
$1.2M
$8.9M
Q3 24
$1.7M
$8.4M
Q2 24
$1.7M
$7.8M
Q1 24
$1.6M
$6.3M
Total Debt
LEDS
LEDS
RAVE
RAVE
Q4 25
Q3 25
$1.7M
Q2 25
Q1 25
Q4 24
Q3 24
$3.7M
Q2 24
Q1 24
Stockholders' Equity
LEDS
LEDS
RAVE
RAVE
Q4 25
$2.1M
$15.5M
Q3 25
$2.8M
$14.8M
Q2 25
$4.0M
$14.2M
Q1 25
$3.6M
$13.3M
Q4 24
$1.6M
$13.8M
Q3 24
$2.2M
$13.3M
Q2 24
$2.7M
$12.7M
Q1 24
$3.0M
$11.8M
Total Assets
LEDS
LEDS
RAVE
RAVE
Q4 25
$14.2M
$17.5M
Q3 25
$15.6M
$17.0M
Q2 25
$23.2M
$16.6M
Q1 25
$23.2M
$15.7M
Q4 24
$10.4M
$16.1M
Q3 24
$11.1M
$16.3M
Q2 24
$11.5M
$15.8M
Q1 24
$12.0M
$15.0M
Debt / Equity
LEDS
LEDS
RAVE
RAVE
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
RAVE
RAVE
Operating Cash FlowLast quarter
$361.0K
$306.0K
Free Cash FlowOCF − Capex
$331.0K
$297.0K
FCF MarginFCF / Revenue
12.9%
9.8%
Capex IntensityCapex / Revenue
1.2%
0.3%
Cash ConversionOCF / Net Profit
0.48×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEDS
LEDS
RAVE
RAVE
Q4 25
$361.0K
$306.0K
Q3 25
$608.0K
Q2 25
$693.0K
$1.2M
Q1 25
$1.4M
$927.0K
Q4 24
$-158.0K
$711.0K
Q3 24
$530.0K
Q2 24
$109.0K
$1.5M
Q1 24
$-600.0K
$1.0M
Free Cash Flow
LEDS
LEDS
RAVE
RAVE
Q4 25
$331.0K
$297.0K
Q3 25
$600.0K
Q2 25
$383.0K
$1.2M
Q1 25
$1.3M
Q4 24
$-276.0K
$667.0K
Q3 24
Q2 24
$98.0K
$1.5M
Q1 24
$-619.0K
$996.0K
FCF Margin
LEDS
LEDS
RAVE
RAVE
Q4 25
12.9%
9.8%
Q3 25
18.7%
Q2 25
2.2%
38.5%
Q1 25
11.8%
Q4 24
-21.9%
23.2%
Q3 24
Q2 24
7.4%
44.9%
Q1 24
-69.9%
33.6%
Capex Intensity
LEDS
LEDS
RAVE
RAVE
Q4 25
1.2%
0.3%
Q3 25
0.2%
0.2%
Q2 25
1.8%
0.4%
Q1 25
1.1%
0.0%
Q4 24
9.4%
1.5%
Q3 24
9.3%
0.0%
Q2 24
0.8%
0.2%
Q1 24
2.1%
1.0%
Cash Conversion
LEDS
LEDS
RAVE
RAVE
Q4 25
0.48×
Q3 25
0.94×
Q2 25
3.11×
1.45×
Q1 25
3.62×
1.28×
Q4 24
1.17×
Q3 24
1.01×
Q2 24
1.72×
Q1 24
1.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LEDS
LEDS

Segment breakdown not available.

RAVE
RAVE

Pizza Inn Franchising$2.8M92%
Other$235.0K8%

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