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Side-by-side financial comparison of LESAKA TECHNOLOGIES INC (LSAK) and Summit Midstream Corp (SMC). Click either name above to swap in a different company.

LESAKA TECHNOLOGIES INC is the larger business by last-quarter revenue ($3.0B vs $142.3M, roughly 21.0× Summit Midstream Corp). LESAKA TECHNOLOGIES INC runs the higher net margin — 0.0% vs -5.1%, a 5.2% gap on every dollar of revenue.

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

Summit Midstream Corp is a North American midstream energy firm serving upstream oil and gas producers. It runs natural gas and crude gathering pipelines, compression facilities, and produced water handling services, with assets across key US onshore resource basins.

LSAK vs SMC — Head-to-Head

Bigger by revenue
LSAK
LSAK
21.0× larger
LSAK
$3.0B
$142.3M
SMC
Higher net margin
LSAK
LSAK
5.2% more per $
LSAK
0.0%
-5.1%
SMC

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
LSAK
LSAK
SMC
SMC
Revenue
$3.0B
$142.3M
Net Profit
$437.0K
$-7.3M
Gross Margin
72.1%
Operating Margin
2.2%
-5.5%
Net Margin
0.0%
-5.1%
Revenue YoY
0.2%
Net Profit YoY
EPS (diluted)
$-0.66

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
LSAK
LSAK
SMC
SMC
Q3 26
$3.0B
Q4 25
$178.7M
$142.3M
Q3 25
$171.4M
$146.9M
Q2 25
$168.5M
$140.2M
Q1 25
$161.4M
$132.7M
Q4 24
$176.2M
Q3 24
$153.6M
$102.4M
Q2 24
$146.0M
Net Profit
LSAK
LSAK
SMC
SMC
Q3 26
$437.0K
Q4 25
$3.6M
$-7.3M
Q3 25
$-4.3M
$-1.6M
Q2 25
$-28.4M
$-8.0M
Q1 25
$-22.1M
$2.0M
Q4 24
$-32.5M
Q3 24
$-4.5M
$-204.9M
Q2 24
$-5.0M
Gross Margin
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
31.4%
72.1%
Q3 25
30.9%
74.0%
Q2 25
28.9%
74.4%
Q1 25
27.5%
73.3%
Q4 24
25.7%
Q3 24
22.6%
72.4%
Q2 24
22.6%
Operating Margin
LSAK
LSAK
SMC
SMC
Q3 26
2.2%
Q4 25
1.2%
-5.5%
Q3 25
0.2%
3.8%
Q2 25
-16.7%
-3.6%
Q1 25
0.4%
3.7%
Q4 24
0.3%
Q3 24
-0.0%
-53.7%
Q2 24
0.2%
Net Margin
LSAK
LSAK
SMC
SMC
Q3 26
0.0%
Q4 25
2.0%
-5.1%
Q3 25
-2.5%
-1.1%
Q2 25
-16.9%
-5.7%
Q1 25
-13.7%
1.5%
Q4 24
-18.4%
Q3 24
-3.0%
-200.1%
Q2 24
-3.4%
EPS (diluted)
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
$0.04
$-0.66
Q3 25
$-0.05
$-0.13
Q2 25
$-0.40
$-0.66
Q1 25
$-0.27
$-0.16
Q4 24
$-0.40
Q3 24
$-0.07
$-19.25
Q2 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
LSAK
LSAK
SMC
SMC
Cash + ST InvestmentsLiquidity on hand
$1.5B
$9.3M
Total DebtLower is stronger
$3.2B
$1.0B
Stockholders' EquityBook value
$546.2M
Total Assets
$11.5B
$2.4B
Debt / EquityLower = less leverage
1.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSAK
LSAK
SMC
SMC
Q3 26
$1.5B
Q4 25
$69.5M
$9.3M
Q3 25
$72.2M
$24.6M
Q2 25
$76.5M
$20.9M
Q1 25
$71.0M
$26.2M
Q4 24
$60.6M
Q3 24
$49.7M
$17.8M
Q2 24
$59.1M
Total Debt
LSAK
LSAK
SMC
SMC
Q3 26
$3.2B
Q4 25
$216.8M
$1.0B
Q3 25
$208.1M
$1.1B
Q2 25
$200.8M
$1.1B
Q1 25
$194.7M
$1.1B
Q4 24
$148.7M
Q3 24
$148.5M
$957.0M
Q2 24
$143.2M
Stockholders' Equity
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
$180.6M
$546.2M
Q3 25
$170.4M
$551.9M
Q2 25
$161.6M
$552.0M
Q1 25
$185.2M
$558.1M
Q4 24
$193.3M
Q3 24
$184.2M
$651.5M
Q2 24
$175.9M
Total Assets
LSAK
LSAK
SMC
SMC
Q3 26
$11.5B
Q4 25
$704.6M
$2.4B
Q3 25
$652.9M
$2.4B
Q2 25
$653.7M
$2.4B
Q1 25
$649.2M
$2.4B
Q4 24
$640.6M
Q3 24
$551.9M
$2.0B
Q2 24
$558.5M
Debt / Equity
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
1.20×
1.91×
Q3 25
1.22×
1.96×
Q2 25
1.24×
1.95×
Q1 25
1.05×
1.94×
Q4 24
0.77×
Q3 24
0.81×
1.47×
Q2 24
0.81×

Cash Flow & Capital Efficiency

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

Metric
LSAK
LSAK
SMC
SMC
Operating Cash FlowLast quarter
$53.7M
Free Cash FlowOCF − Capex
$34.5M
FCF MarginFCF / Revenue
24.3%
Capex IntensityCapex / Revenue
13.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$44.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
$-10.9M
$53.7M
Q3 25
$8.9M
$26.7M
Q2 25
$-9.1M
$37.2M
Q1 25
$10.7M
$16.0M
Q4 24
$-9.2M
Q3 24
$-4.1M
Q2 24
$5.7M
Free Cash Flow
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
$-14.8M
$34.5M
Q3 25
$4.9M
$3.8M
Q2 25
$-13.2M
$10.8M
Q1 25
$7.8M
$-4.6M
Q4 24
$-15.5M
Q3 24
$-8.1M
Q2 24
$937.0K
FCF Margin
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
-8.3%
24.3%
Q3 25
2.9%
2.6%
Q2 25
-7.8%
7.7%
Q1 25
4.9%
-3.4%
Q4 24
-8.8%
Q3 24
-5.3%
Q2 24
0.6%
Capex Intensity
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
2.2%
13.4%
Q3 25
2.3%
15.6%
Q2 25
2.4%
18.8%
Q1 25
1.7%
15.5%
Q4 24
3.6%
Q3 24
2.6%
Q2 24
3.2%
Cash Conversion
LSAK
LSAK
SMC
SMC
Q3 26
Q4 25
-2.99×
Q3 25
Q2 25
Q1 25
7.89×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LSAK
LSAK

Segment breakdown not available.

SMC
SMC

Rockies Segment$86.2M61%
Mid Con Barnett Shale Segment$39.4M28%
Piceance Basin Segment$15.8M11%

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