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Side-by-side financial comparison of Maase Inc. (MAAS) and SYNTEC OPTICS HOLDINGS, INC. (OPTX). Click either name above to swap in a different company.

Maase Inc. is the larger business by last-quarter revenue ($9.9M vs $7.5M, roughly 1.3× SYNTEC OPTICS HOLDINGS, INC.). SYNTEC OPTICS HOLDINGS, INC. produced more free cash flow last quarter ($-4.4K vs $-18.3M).

MAAS vs OPTX — Head-to-Head

Bigger by revenue
MAAS
MAAS
1.3× larger
MAAS
$9.9M
$7.5M
OPTX
More free cash flow
OPTX
OPTX
$18.3M more FCF
OPTX
$-4.4K
$-18.3M
MAAS

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
MAAS
MAAS
OPTX
OPTX
Revenue
$9.9M
$7.5M
Net Profit
$-343.8K
Gross Margin
78.7%
23.6%
Operating Margin
-55.9%
4.2%
Net Margin
-4.6%
Revenue YoY
2.5%
Net Profit YoY
77.7%
EPS (diluted)
$-0.01

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
MAAS
MAAS
OPTX
OPTX
Q4 25
$7.5M
Q3 25
$7.0M
Q2 25
$6.6M
Q1 25
$7.1M
Q4 24
$7.3M
Q3 24
$7.9M
Q2 24
$7.0M
Q1 24
$6.3M
Net Profit
MAAS
MAAS
OPTX
OPTX
Q4 25
$-343.8K
Q3 25
$-1.4M
Q2 25
$-343.9K
Q1 25
$323.7K
Q4 24
$-1.5M
Q3 24
$-13.3K
Q2 24
$281.8K
Q1 24
$-1.2M
Gross Margin
MAAS
MAAS
OPTX
OPTX
Q4 25
23.6%
Q3 25
12.3%
Q2 25
24.4%
Q1 25
32.7%
Q4 24
13.5%
Q3 24
23.3%
Q2 24
31.0%
Q1 24
11.3%
Operating Margin
MAAS
MAAS
OPTX
OPTX
Q4 25
4.2%
Q3 25
-17.5%
Q2 25
-2.2%
Q1 25
7.5%
Q4 24
-19.6%
Q3 24
1.4%
Q2 24
2.3%
Q1 24
-22.5%
Net Margin
MAAS
MAAS
OPTX
OPTX
Q4 25
-4.6%
Q3 25
-20.6%
Q2 25
-5.2%
Q1 25
4.6%
Q4 24
-21.0%
Q3 24
-0.2%
Q2 24
4.0%
Q1 24
-19.3%
EPS (diluted)
MAAS
MAAS
OPTX
OPTX
Q4 25
$-0.01
Q3 25
$-0.04
Q2 25
$-0.01
Q1 25
$0.01
Q4 24
$-0.05
Q3 24
$0.00
Q2 24
$0.01
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
OPTX
OPTX
Cash + ST InvestmentsLiquidity on hand
$10.9M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$31.6M
$9.5M
Total Assets
$47.0M
$24.3M
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Total Debt
MAAS
MAAS
OPTX
OPTX
Q4 25
$2.6M
Q3 25
$2.7M
Q2 25
$2.9M
Q1 25
$3.0M
Q4 24
$3.1M
Q3 24
$3.2M
Q2 24
$2.8M
Q1 24
$3.0M
Stockholders' Equity
MAAS
MAAS
OPTX
OPTX
Q4 25
$9.5M
Q3 25
$9.8M
Q2 25
$11.0M
Q1 25
$11.4M
Q4 24
$11.0M
Q3 24
$12.1M
Q2 24
$12.1M
Q1 24
$11.9M
Total Assets
MAAS
MAAS
OPTX
OPTX
Q4 25
$24.3M
Q3 25
$24.6M
Q2 25
$25.3M
Q1 25
$26.3M
Q4 24
$26.0M
Q3 24
$27.3M
Q2 24
$25.8M
Q1 24
$24.6M
Debt / Equity
MAAS
MAAS
OPTX
OPTX
Q4 25
0.28×
Q3 25
0.28×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.28×
Q3 24
0.26×
Q2 24
0.23×
Q1 24
0.25×

Cash Flow & Capital Efficiency

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

Metric
MAAS
MAAS
OPTX
OPTX
Operating Cash FlowLast quarter
$-18.2M
$-3.9K
Free Cash FlowOCF − Capex
$-18.3M
$-4.4K
FCF MarginFCF / Revenue
-184.4%
-0.1%
Capex IntensityCapex / Revenue
1.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$28.3K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
OPTX
OPTX
Q4 25
$-3.9K
Q3 25
$535.3K
Q2 25
$-158.0K
Q1 25
$299.3K
Q4 24
$623.8K
Q3 24
$417.3K
Q2 24
$-1.7M
Q1 24
$-289.8K
Free Cash Flow
MAAS
MAAS
OPTX
OPTX
Q4 25
$-4.4K
Q3 25
$496.3K
Q2 25
$-548.1K
Q1 25
$84.6K
Q4 24
$12.1K
Q3 24
$43.8K
Q2 24
$-1.9M
Q1 24
$-385.1K
FCF Margin
MAAS
MAAS
OPTX
OPTX
Q4 25
-0.1%
Q3 25
7.1%
Q2 25
-8.4%
Q1 25
1.2%
Q4 24
0.2%
Q3 24
0.6%
Q2 24
-26.5%
Q1 24
-6.2%
Capex Intensity
MAAS
MAAS
OPTX
OPTX
Q4 25
0.0%
Q3 25
0.6%
Q2 25
5.9%
Q1 25
3.0%
Q4 24
8.4%
Q3 24
4.7%
Q2 24
2.3%
Q1 24
1.5%
Cash Conversion
MAAS
MAAS
OPTX
OPTX
Q4 25
Q3 25
Q2 25
Q1 25
0.92×
Q4 24
Q3 24
Q2 24
-6.01×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

OPTX
OPTX

Segment breakdown not available.

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