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Side-by-side financial comparison of Lion Group Holding Ltd (LGHL) and NeuroPace Inc (NPCE). Click either name above to swap in a different company.

NeuroPace Inc is the larger business by last-quarter revenue ($26.6M vs $13.3M, roughly 2.0× Lion Group Holding Ltd). Lion Group Holding Ltd runs the higher net margin — -0.4% vs -10.3%, a 9.9% gap on every dollar of revenue.

LION is a Canadian electric vehicle manufacturer headquartered in Saint-Jérôme, Quebec. Founded in 2011 as Lion Bus, the company is primarily known for its production of yellow school buses, of which it was the first to mass produce as a fully electric vehicle.

NeuroPace Inc is a medical technology company focused on developing and commercializing innovative implantable neurostimulation systems to treat neurological disorders, primarily drug-resistant epilepsy. Its core RNS System delivers personalized responsive stimulation to reduce seizure frequency, serving patients across North America and select global markets via partnerships with healthcare providers.

LGHL vs NPCE — Head-to-Head

Bigger by revenue
NPCE
NPCE
2.0× larger
NPCE
$26.6M
$13.3M
LGHL
Higher net margin
LGHL
LGHL
9.9% more per $
LGHL
-0.4%
-10.3%
NPCE

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
LGHL
LGHL
NPCE
NPCE
Revenue
$13.3M
$26.6M
Net Profit
$-53.7K
$-2.7M
Gross Margin
77.4%
Operating Margin
-6.6%
Net Margin
-0.4%
-10.3%
Revenue YoY
23.9%
Net Profit YoY
48.0%
EPS (diluted)
$-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
LGHL
LGHL
NPCE
NPCE
Q4 25
$26.6M
Q3 25
$27.4M
Q2 25
$23.5M
Q1 25
$22.5M
Q4 24
$21.5M
Q3 24
$21.1M
Q2 24
$13.3M
$19.3M
Q1 24
$18.1M
Net Profit
LGHL
LGHL
NPCE
NPCE
Q4 25
$-2.7M
Q3 25
$-3.5M
Q2 25
$-8.7M
Q1 25
$-6.6M
Q4 24
$-5.3M
Q3 24
$-5.5M
Q2 24
$-53.7K
$-7.5M
Q1 24
$-8.9M
Gross Margin
LGHL
LGHL
NPCE
NPCE
Q4 25
77.4%
Q3 25
77.4%
Q2 25
77.1%
Q1 25
77.0%
Q4 24
75.4%
Q3 24
73.2%
Q2 24
73.4%
Q1 24
73.6%
Operating Margin
LGHL
LGHL
NPCE
NPCE
Q4 25
-6.6%
Q3 25
-9.5%
Q2 25
-29.0%
Q1 25
-22.9%
Q4 24
-17.0%
Q3 24
-20.1%
Q2 24
-32.4%
Q1 24
-41.6%
Net Margin
LGHL
LGHL
NPCE
NPCE
Q4 25
-10.3%
Q3 25
-12.8%
Q2 25
-36.8%
Q1 25
-29.3%
Q4 24
-24.5%
Q3 24
-25.9%
Q2 24
-0.4%
-39.0%
Q1 24
-49.2%
EPS (diluted)
LGHL
LGHL
NPCE
NPCE
Q4 25
$-0.08
Q3 25
$-0.11
Q2 25
$-0.26
Q1 25
$-0.21
Q4 24
$-0.16
Q3 24
$-0.19
Q2 24
$-0.26
Q1 24
$-0.32

Balance Sheet & Financial Strength

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

Metric
LGHL
LGHL
NPCE
NPCE
Cash + ST InvestmentsLiquidity on hand
$29.0M
$61.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4M
$19.0M
Total Assets
$74.5M
$105.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGHL
LGHL
NPCE
NPCE
Q4 25
$61.1M
Q3 25
$60.0M
Q2 25
$62.1M
Q1 25
$66.3M
Q4 24
$52.8M
Q3 24
$56.8M
Q2 24
$29.0M
$55.5M
Q1 24
$58.9M
Stockholders' Equity
LGHL
LGHL
NPCE
NPCE
Q4 25
$19.0M
Q3 25
$18.5M
Q2 25
$19.4M
Q1 25
$24.3M
Q4 24
$8.0M
Q3 24
$9.8M
Q2 24
$28.4M
$9.9M
Q1 24
$14.3M
Total Assets
LGHL
LGHL
NPCE
NPCE
Q4 25
$105.6M
Q3 25
$107.3M
Q2 25
$106.1M
Q1 25
$110.2M
Q4 24
$94.6M
Q3 24
$96.3M
Q2 24
$74.5M
$94.4M
Q1 24
$98.9M

Cash Flow & Capital Efficiency

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

Metric
LGHL
LGHL
NPCE
NPCE
Operating Cash FlowLast quarter
$506.0K
Free Cash FlowOCF − Capex
$409.0K
FCF MarginFCF / Revenue
1.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LGHL
LGHL
NPCE
NPCE
Q4 25
$506.0K
Q3 25
$-1.9M
Q2 25
$-2.1M
Q1 25
$-7.5M
Q4 24
$-4.8M
Q3 24
$-1.7M
Q2 24
$-3.9M
Q1 24
$-7.5M
Free Cash Flow
LGHL
LGHL
NPCE
NPCE
Q4 25
$409.0K
Q3 25
$-2.0M
Q2 25
$-2.3M
Q1 25
$-7.5M
Q4 24
$-4.8M
Q3 24
$-1.8M
Q2 24
$-4.0M
Q1 24
$-7.6M
FCF Margin
LGHL
LGHL
NPCE
NPCE
Q4 25
1.5%
Q3 25
-7.2%
Q2 25
-9.6%
Q1 25
-33.4%
Q4 24
-22.5%
Q3 24
-8.7%
Q2 24
-20.6%
Q1 24
-42.1%
Capex Intensity
LGHL
LGHL
NPCE
NPCE
Q4 25
0.4%
Q3 25
0.1%
Q2 25
0.7%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.5%
Q2 24
0.3%
Q1 24
0.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

LGHL
LGHL

Trading gains$7.8M59%
Other$2.4M18%
Securities brokerage commissions and fees$1.7M13%
Market making commissions and fees$1.0M8%
Other income$380.2K3%

NPCE
NPCE

Segment breakdown not available.

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