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Side-by-side financial comparison of LENSAR, Inc. (LNSR) and Pathfinder Bancorp, Inc. (PBHC). Click either name above to swap in a different company.

LENSAR, Inc. is the larger business by last-quarter revenue ($14.3M vs $11.8M, roughly 1.2× Pathfinder Bancorp, Inc.). LENSAR, Inc. runs the higher net margin — -10.2% vs -52.9%, a 42.8% gap on every dollar of revenue. On growth, LENSAR, Inc. posted the faster year-over-year revenue change (-3.3% vs -22.6%). Over the past eight quarters, LENSAR, Inc.'s revenue compounded faster (28.8% CAGR vs 3.0%).

LENSAR, Inc. is a medical technology company specializing in the development and commercialization of advanced ophthalmic surgical systems. Its proprietary augmented reality-enabled devices deliver high precision for cataract surgery and refractive lens exchange procedures, distributed to ophthalmology clinics, surgical centers and hospitals across North America, Europe and key Asia-Pacific markets.

Pathfinder Bancorp, Inc. is a regional bank holding company headquartered in New York, U.S. It operates Pathfinder Bank serving the central New York market, offering retail and commercial banking services including deposit accounts, mortgages, business loans and wealth management for individual consumers and small to medium-sized enterprises.

LNSR vs PBHC — Head-to-Head

Bigger by revenue
LNSR
LNSR
1.2× larger
LNSR
$14.3M
$11.8M
PBHC
Growing faster (revenue YoY)
LNSR
LNSR
+19.4% gap
LNSR
-3.3%
-22.6%
PBHC
Higher net margin
LNSR
LNSR
42.8% more per $
LNSR
-10.2%
-52.9%
PBHC
Faster 2-yr revenue CAGR
LNSR
LNSR
Annualised
LNSR
28.8%
3.0%
PBHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LNSR
LNSR
PBHC
PBHC
Revenue
$14.3M
$11.8M
Net Profit
$-1.5M
$-5.6M
Gross Margin
36.6%
Operating Margin
-34.3%
-81.1%
Net Margin
-10.2%
-52.9%
Revenue YoY
-3.3%
-22.6%
Net Profit YoY
92.2%
-242.4%
EPS (diluted)
$-0.09

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
LNSR
LNSR
PBHC
PBHC
Q4 25
$14.3M
$11.8M
Q3 25
$12.8M
$13.1M
Q2 25
$12.3M
$9.3M
Q1 25
$12.3M
$12.6M
Q4 24
$14.8M
$15.3M
Q3 24
$11.8M
$13.4M
Q2 24
$10.7M
$10.7M
Q1 24
$8.6M
$11.1M
Net Profit
LNSR
LNSR
PBHC
PBHC
Q4 25
$-1.5M
$-5.6M
Q3 25
$-3.7M
$626.0K
Q2 25
$-1.8M
$31.0K
Q1 25
$-27.3M
$3.0M
Q4 24
$-18.7M
$3.9M
Q3 24
$-1.5M
$-4.6M
Q2 24
$-9.0M
$2.0M
Q1 24
$-2.2M
$2.1M
Gross Margin
LNSR
LNSR
PBHC
PBHC
Q4 25
36.6%
Q3 25
35.1%
Q2 25
43.8%
Q1 25
42.7%
Q4 24
35.1%
Q3 24
38.4%
Q2 24
45.5%
Q1 24
43.0%
Operating Margin
LNSR
LNSR
PBHC
PBHC
Q4 25
-34.3%
-81.1%
Q3 25
-59.4%
5.1%
Q2 25
-51.2%
0.4%
Q1 25
-47.2%
29.5%
Q4 24
-8.7%
55.4%
Q3 24
-10.5%
-43.1%
Q2 24
-49.4%
23.3%
Q1 24
-33.0%
24.3%
Net Margin
LNSR
LNSR
PBHC
PBHC
Q4 25
-10.2%
-52.9%
Q3 25
-29.1%
4.8%
Q2 25
-14.4%
0.3%
Q1 25
-222.8%
23.6%
Q4 24
-126.2%
37.7%
Q3 24
-12.7%
-34.6%
Q2 24
-84.6%
18.7%
Q1 24
-25.0%
19.0%
EPS (diluted)
LNSR
LNSR
PBHC
PBHC
Q4 25
$-0.09
Q3 25
$-0.31
$0.47
Q2 25
$-0.15
$0.47
Q1 25
$-2.32
Q4 24
$-1.62
Q3 24
$-0.13
$0.41
Q2 24
$-0.79
$0.41
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
LNSR
LNSR
PBHC
PBHC
Cash + ST InvestmentsLiquidity on hand
$18.0M
Total DebtLower is stronger
$14.1M
Stockholders' EquityBook value
$-26.0M
$122.5M
Total Assets
$71.4M
$1.4B
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNSR
LNSR
PBHC
PBHC
Q4 25
$18.0M
Q3 25
$16.9M
Q2 25
$20.3M
Q1 25
$25.2M
Q4 24
$22.5M
Q3 24
$18.1M
Q2 24
$14.2M
Q1 24
$17.9M
Total Debt
LNSR
LNSR
PBHC
PBHC
Q4 25
$14.1M
Q3 25
$18.7M
Q2 25
$21.0M
Q1 25
$17.6M
Q4 24
$27.1M
Q3 24
$39.8M
Q2 24
$45.9M
Q1 24
$45.9M
Stockholders' Equity
LNSR
LNSR
PBHC
PBHC
Q4 25
$-26.0M
$122.5M
Q3 25
$-25.9M
$126.3M
Q2 25
$-23.1M
$124.4M
Q1 25
$-22.1M
$124.9M
Q4 24
$4.9M
$121.5M
Q3 24
$22.7M
$120.2M
Q2 24
$23.6M
$123.3M
Q1 24
$31.8M
$121.8M
Total Assets
LNSR
LNSR
PBHC
PBHC
Q4 25
$71.4M
$1.4B
Q3 25
$70.2M
$1.5B
Q2 25
$70.4M
$1.5B
Q1 25
$73.0M
$1.5B
Q4 24
$66.3M
$1.5B
Q3 24
$62.0M
$1.5B
Q2 24
$61.4M
$1.4B
Q1 24
$66.1M
$1.5B
Debt / Equity
LNSR
LNSR
PBHC
PBHC
Q4 25
0.11×
Q3 25
0.15×
Q2 25
0.17×
Q1 25
0.14×
Q4 24
0.22×
Q3 24
0.33×
Q2 24
0.37×
Q1 24
0.38×

Cash Flow & Capital Efficiency

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

Metric
LNSR
LNSR
PBHC
PBHC
Operating Cash FlowLast quarter
$618.0K
$11.7M
Free Cash FlowOCF − Capex
$10.4M
FCF MarginFCF / Revenue
88.1%
Capex IntensityCapex / Revenue
0.0%
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$18.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNSR
LNSR
PBHC
PBHC
Q4 25
$618.0K
$11.7M
Q3 25
$-3.5M
$7.0M
Q2 25
$-5.0M
$-3.7M
Q1 25
$-6.9M
$5.7M
Q4 24
$3.7M
$11.2M
Q3 24
$3.2M
$11.8M
Q2 24
$-3.8M
$1.5M
Q1 24
$-5.3M
$504.0K
Free Cash Flow
LNSR
LNSR
PBHC
PBHC
Q4 25
$10.4M
Q3 25
$6.9M
Q2 25
$-5.1M
$-4.0M
Q1 25
$-6.9M
$5.1M
Q4 24
$3.7M
$9.1M
Q3 24
$3.1M
$11.3M
Q2 24
$-3.9M
$637.0K
Q1 24
$-5.3M
$274.0K
FCF Margin
LNSR
LNSR
PBHC
PBHC
Q4 25
88.1%
Q3 25
52.8%
Q2 25
-41.3%
-42.6%
Q1 25
-56.6%
40.1%
Q4 24
24.7%
59.9%
Q3 24
26.5%
84.3%
Q2 24
-36.4%
6.0%
Q1 24
-61.6%
2.5%
Capex Intensity
LNSR
LNSR
PBHC
PBHC
Q4 25
0.0%
10.7%
Q3 25
0.0%
1.0%
Q2 25
0.6%
2.4%
Q1 25
0.0%
5.1%
Q4 24
0.0%
13.5%
Q3 24
0.2%
3.8%
Q2 24
1.1%
8.2%
Q1 24
0.2%
2.1%
Cash Conversion
LNSR
LNSR
PBHC
PBHC
Q4 25
Q3 25
11.26×
Q2 25
-120.55×
Q1 25
1.92×
Q4 24
2.87×
Q3 24
Q2 24
0.76×
Q1 24
0.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LNSR
LNSR

Products$12.7M89%
Services$1.6M11%

PBHC
PBHC

Other$5.6M47%
Banking$3.7M31%
Deposit Account$1.5M13%
Financial Service Other$1.0M9%

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