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Side-by-side financial comparison of Momentus Inc. (MNTS) and Neonode Inc. (NEON). Click either name above to swap in a different company.

Neonode Inc. is the larger business by last-quarter revenue ($430.0K vs $363.0K, roughly 1.2× Momentus Inc.). On growth, Momentus Inc. posted the faster year-over-year revenue change (27.4% vs -48.7%). Over the past eight quarters, Momentus Inc.'s revenue compounded faster (-15.9% CAGR vs -34.5%).

Momentus Inc, sometimes styled Momentus space, is an American spaceflight company founded by Mikhail Kokorich in 2017. The company is focused on offering space infrastructure services in the form of on-orbit services. The company advertises three orbital tug services which are based around spacecraft electric propulsion and vary in payload mass and Delta-v. As of late 2022 the company has launched one demonstration mission, which produced mixed results.

Neonode Inc. develops and markets innovative optical touch sensing and contactless gesture recognition technologies for global clients. Its core offerings include zForce sensing modules, embedded software solutions and custom integration services, deployed across key end segments including automotive infotainment systems, industrial human-machine interfaces, consumer electronics and medical devices.

MNTS vs NEON — Head-to-Head

Bigger by revenue
NEON
NEON
1.2× larger
NEON
$430.0K
$363.0K
MNTS
Growing faster (revenue YoY)
MNTS
MNTS
+76.1% gap
MNTS
27.4%
-48.7%
NEON
Faster 2-yr revenue CAGR
MNTS
MNTS
Annualised
MNTS
-15.9%
-34.5%
NEON

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MNTS
MNTS
NEON
NEON
Revenue
$363.0K
$430.0K
Net Profit
$14.2M
Gross Margin
100.0%
97.9%
Operating Margin
-2446.3%
Net Margin
3298.6%
Revenue YoY
27.4%
-48.7%
Net Profit YoY
1404.9%
EPS (diluted)
$-45.15

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
MNTS
MNTS
NEON
NEON
Q4 25
$363.0K
Q3 25
$234.0K
$430.0K
Q2 25
$191.0K
$599.0K
Q1 25
$322.0K
$513.0K
Q4 24
$285.0K
Q3 24
$107.0K
$838.0K
Q2 24
$1.2M
$801.0K
Q1 24
$513.0K
$814.0K
Net Profit
MNTS
MNTS
NEON
NEON
Q4 25
Q3 25
$-11.1M
$14.2M
Q2 25
$-6.5M
$-1.9M
Q1 25
$-6.2M
$-1.7M
Q4 24
Q3 24
$-7.8M
$-1.1M
Q2 24
$-7.0M
$-1.7M
Q1 24
$-8.3M
$-2.1M
Gross Margin
MNTS
MNTS
NEON
NEON
Q4 25
100.0%
Q3 25
100.0%
97.9%
Q2 25
99.0%
99.0%
Q1 25
100.0%
98.2%
Q4 24
100.0%
Q3 24
38.3%
97.3%
Q2 24
100.0%
97.0%
Q1 24
100.0%
97.9%
Operating Margin
MNTS
MNTS
NEON
NEON
Q4 25
-2446.3%
Q3 25
-2669.2%
Q2 25
-3112.0%
-352.3%
Q1 25
-1920.8%
-383.0%
Q4 24
-2385.6%
Q3 24
-7096.3%
-146.2%
Q2 24
-576.0%
-223.3%
Q1 24
-1623.2%
-231.7%
Net Margin
MNTS
MNTS
NEON
NEON
Q4 25
Q3 25
-4732.5%
3298.6%
Q2 25
-3377.0%
-311.9%
Q1 25
-1916.8%
-337.8%
Q4 24
Q3 24
-7250.5%
-129.7%
Q2 24
-580.3%
-211.6%
Q1 24
-1620.5%
-256.0%
EPS (diluted)
MNTS
MNTS
NEON
NEON
Q4 25
$-45.15
Q3 25
$-1.08
Q2 25
$-1.23
$-0.11
Q1 25
$-1.64
$-0.10
Q4 24
$-392.58
Q3 24
$-6.26
$-0.07
Q2 24
$-5.92
$-0.11
Q1 24
$-9.25
$-0.14

Balance Sheet & Financial Strength

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

Metric
MNTS
MNTS
NEON
NEON
Cash + ST InvestmentsLiquidity on hand
$12.8M
$11.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.1M
$26.8M
Total Assets
$40.3M
$32.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTS
MNTS
NEON
NEON
Q4 25
$12.8M
Q3 25
$670.0K
$11.6M
Q2 25
$132.0K
$13.2M
Q1 25
$3.4M
$15.0M
Q4 24
$1.6M
Q3 24
$798.0K
Q2 24
$897.0K
Q1 24
$1.7M
$14.3M
Stockholders' Equity
MNTS
MNTS
NEON
NEON
Q4 25
$17.1M
Q3 25
$-694.0K
$26.8M
Q2 25
$-10.0M
$12.7M
Q1 25
$-6.0M
$14.6M
Q4 24
$-7.8M
Q3 24
$-5.4M
$18.0M
Q2 24
$-1.8M
$13.3M
Q1 24
$3.5M
$15.0M
Total Assets
MNTS
MNTS
NEON
NEON
Q4 25
$40.3M
Q3 25
$19.6M
$32.8M
Q2 25
$9.2M
$15.1M
Q1 25
$11.7M
$17.0M
Q4 24
$10.0M
Q3 24
$14.1M
$19.6M
Q2 24
$15.0M
$15.2M
Q1 24
$18.7M
$16.9M

Cash Flow & Capital Efficiency

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

Metric
MNTS
MNTS
NEON
NEON
Operating Cash FlowLast quarter
$-10.5M
$-1.5M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-372.6%
Capex IntensityCapex / Revenue
17.4%
Cash ConversionOCF / Net Profit
-0.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNTS
MNTS
NEON
NEON
Q4 25
$-10.5M
Q3 25
$-5.3M
$-1.5M
Q2 25
$-3.2M
$-1.8M
Q1 25
$-4.2M
$-1.4M
Q4 24
$-5.7M
Q3 24
$-4.5M
$-1.3M
Q2 24
$-1.1M
$-1.2M
Q1 24
$-5.3M
$-1.9M
Free Cash Flow
MNTS
MNTS
NEON
NEON
Q4 25
Q3 25
$-1.6M
Q2 25
$-1.8M
Q1 25
$-1.4M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
MNTS
MNTS
NEON
NEON
Q4 25
Q3 25
-372.6%
Q2 25
-296.3%
Q1 25
-272.9%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
MNTS
MNTS
NEON
NEON
Q4 25
Q3 25
17.4%
Q2 25
4.2%
Q1 25
7.8%
Q4 24
0.0%
Q3 24
0.0%
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
MNTS
MNTS
NEON
NEON
Q4 25
Q3 25
-0.11×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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