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Side-by-side financial comparison of LANTRONIX INC (LTRX) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
LANTRONIX INC is the larger business by last-quarter revenue ($29.8M vs $15.8M, roughly 1.9× Spire Global, Inc.). LANTRONIX INC runs the higher net margin — -4.5% vs -176.6%, a 172.2% gap on every dollar of revenue. On growth, LANTRONIX INC posted the faster year-over-year revenue change (-4.5% vs -26.9%). LANTRONIX INC produced more free cash flow last quarter ($2.1M vs $-16.2M). Over the past eight quarters, LANTRONIX INC's revenue compounded faster (-15.0% CAGR vs -32.6%).
LANTRONIX INCLTRXEarnings & Financial Report
Lantronix Inc is a global provider of secure IoT connectivity and edge computing solutions. It offers specialized hardware, SaaS platforms and embedded software for industrial, healthcare, retail, transportation and smart city clients worldwide, supporting reliable remote device management.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
LTRX vs SPIR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.8M | $15.8M |
| Net Profit | $-1.3M | $-28.0M |
| Gross Margin | 43.6% | 40.2% |
| Operating Margin | -3.6% | -164.1% |
| Net Margin | -4.5% | -176.6% |
| Revenue YoY | -4.5% | -26.9% |
| Net Profit YoY | 43.9% | 42.7% |
| EPS (diluted) | $-0.03 | $-0.85 |
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.
| Q4 25 | $29.8M | $15.8M | ||
| Q3 25 | $29.8M | $12.7M | ||
| Q2 25 | $28.8M | $19.2M | ||
| Q1 25 | $28.5M | $23.9M | ||
| Q4 24 | $31.2M | $21.7M | ||
| Q3 24 | $34.4M | $28.6M | ||
| Q2 24 | $49.1M | $25.4M | ||
| Q1 24 | $41.2M | $34.8M |
| Q4 25 | $-1.3M | $-28.0M | ||
| Q3 25 | $-1.4M | $-19.7M | ||
| Q2 25 | $-2.6M | $119.6M | ||
| Q1 25 | $-3.9M | $-20.7M | ||
| Q4 24 | $-2.4M | $-48.8M | ||
| Q3 24 | $-2.5M | $-12.5M | ||
| Q2 24 | $386.0K | $-16.6M | ||
| Q1 24 | $-423.0K | $-25.5M |
| Q4 25 | 43.6% | 40.2% | ||
| Q3 25 | 44.8% | 36.6% | ||
| Q2 25 | 40.0% | 48.9% | ||
| Q1 25 | 43.5% | 36.8% | ||
| Q4 24 | 42.6% | 32.4% | ||
| Q3 24 | 42.1% | 44.5% | ||
| Q2 24 | 38.1% | 43.0% | ||
| Q1 24 | 40.1% | 26.5% |
| Q4 25 | -3.6% | -164.1% | ||
| Q3 25 | -5.1% | -166.1% | ||
| Q2 25 | -10.9% | -122.7% | ||
| Q1 25 | -12.6% | -106.5% | ||
| Q4 24 | -6.9% | -144.1% | ||
| Q3 24 | -6.2% | -48.0% | ||
| Q2 24 | 1.2% | -48.6% | ||
| Q1 24 | -0.2% | -34.4% |
| Q4 25 | -4.5% | -176.6% | ||
| Q3 25 | -4.7% | -155.3% | ||
| Q2 25 | -9.1% | 623.4% | ||
| Q1 25 | -13.6% | -86.5% | ||
| Q4 24 | -7.6% | -225.2% | ||
| Q3 24 | -7.3% | -43.7% | ||
| Q2 24 | 0.8% | -65.2% | ||
| Q1 24 | -1.0% | -73.3% |
| Q4 25 | $-0.03 | $-0.85 | ||
| Q3 25 | $-0.04 | $-0.61 | ||
| Q2 25 | $-0.06 | $3.72 | ||
| Q1 25 | $-0.10 | $-0.77 | ||
| Q4 24 | $-0.06 | $-1.93 | ||
| Q3 24 | $-0.07 | $-0.50 | ||
| Q2 24 | $0.01 | $-0.68 | ||
| Q1 24 | $-0.01 | $-1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.0M | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $74.4M | $112.9M |
| Total Assets | $121.7M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.0M | $81.8M | ||
| Q3 25 | $22.2M | $96.8M | ||
| Q2 25 | $20.1M | $117.6M | ||
| Q1 25 | $20.0M | $35.9M | ||
| Q4 24 | $19.2M | $19.2M | ||
| Q3 24 | $26.4M | $36.6M | ||
| Q2 24 | $26.2M | $45.8M | ||
| Q1 24 | $24.6M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $74.4M | $112.9M | ||
| Q3 25 | $74.5M | $133.1M | ||
| Q2 25 | $74.4M | $149.2M | ||
| Q1 25 | $75.5M | $3.7M | ||
| Q4 24 | $77.9M | $-11.7M | ||
| Q3 24 | $78.9M | $30.8M | ||
| Q2 24 | $81.4M | $40.3M | ||
| Q1 24 | $78.1M | $52.5M |
| Q4 25 | $121.7M | $211.0M | ||
| Q3 25 | $119.6M | $224.3M | ||
| Q2 25 | $123.7M | $239.5M | ||
| Q1 25 | $124.2M | $208.8M | ||
| Q4 24 | $134.2M | $193.6M | ||
| Q3 24 | $137.9M | $224.2M | ||
| Q2 24 | $136.2M | $230.8M | ||
| Q1 24 | $147.4M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.2M | $-4.3M |
| Free Cash FlowOCF − Capex | $2.1M | $-16.2M |
| FCF MarginFCF / Revenue | 7.0% | -102.1% |
| Capex IntensityCapex / Revenue | 0.3% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $9.6M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $-4.3M | ||
| Q3 25 | $3.6M | $-12.0M | ||
| Q2 25 | $1.1M | $-35.1M | ||
| Q1 25 | $3.2M | $-8.4M | ||
| Q4 24 | $340.0K | $-19.2M | ||
| Q3 24 | $2.7M | $14.0M | ||
| Q2 24 | $2.3M | $-4.4M | ||
| Q1 24 | $3.6M | $-8.8M |
| Q4 25 | $2.1M | $-16.2M | ||
| Q3 25 | $3.5M | $-20.4M | ||
| Q2 25 | $909.0K | $-38.7M | ||
| Q1 25 | $3.1M | $-17.3M | ||
| Q4 24 | $256.0K | $-24.3M | ||
| Q3 24 | $2.5M | $5.1M | ||
| Q2 24 | $2.1M | $-9.9M | ||
| Q1 24 | $3.5M | $-15.9M |
| Q4 25 | 7.0% | -102.1% | ||
| Q3 25 | 11.9% | -161.3% | ||
| Q2 25 | 3.2% | -201.7% | ||
| Q1 25 | 10.9% | -72.6% | ||
| Q4 24 | 0.8% | -112.2% | ||
| Q3 24 | 7.3% | 17.8% | ||
| Q2 24 | 4.3% | -39.0% | ||
| Q1 24 | 8.4% | -45.7% |
| Q4 25 | 0.3% | 75.1% | ||
| Q3 25 | 0.2% | 66.2% | ||
| Q2 25 | 0.5% | 18.8% | ||
| Q1 25 | 0.4% | 37.3% | ||
| Q4 24 | 0.3% | 23.5% | ||
| Q3 24 | 0.5% | 31.2% | ||
| Q2 24 | 0.3% | 21.8% | ||
| Q1 24 | 0.3% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.89× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LTRX
| Embedded Io T Solutions | $13.9M | 47% |
| Io T System Solutions | $13.3M | 45% |
| Software And Services | $2.6M | 9% |
SPIR
Segment breakdown not available.
