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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $137.0M, roughly 1.8× STRATASYS LTD.). STRATASYS LTD. runs the higher net margin — -40.6% vs -125.2%, a 84.6% gap on every dollar of revenue. STRATASYS LTD. produced more free cash flow last quarter ($2.5M vs $-256.6M).

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.

PCLA vs SSYS — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.8× larger
PCLA
$252.6M
$137.0M
SSYS
Higher net margin
SSYS
SSYS
84.6% more per $
SSYS
-40.6%
-125.2%
PCLA
More free cash flow
SSYS
SSYS
$259.0M more FCF
SSYS
$2.5M
$-256.6M
PCLA

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
PCLA
PCLA
SSYS
SSYS
Revenue
$252.6M
$137.0M
Net Profit
$-316.2M
$-55.6M
Gross Margin
41.0%
Operating Margin
-114.8%
-16.6%
Net Margin
-125.2%
-40.6%
Revenue YoY
-2.2%
Net Profit YoY
-109.0%
EPS (diluted)

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
PCLA
PCLA
SSYS
SSYS
Q3 25
$137.0M
Q2 25
$138.1M
Q1 25
$252.6M
$136.0M
Q3 24
$140.0M
Q2 24
$138.0M
Q1 24
$144.1M
Q3 23
$162.1M
Q2 23
$159.8M
Net Profit
PCLA
PCLA
SSYS
SSYS
Q3 25
$-55.6M
Q2 25
$-16.7M
Q1 25
$-316.2M
$-13.1M
Q3 24
$-26.6M
Q2 24
$-25.7M
Q1 24
$-26.0M
Q3 23
$-47.3M
Q2 23
$-38.6M
Gross Margin
PCLA
PCLA
SSYS
SSYS
Q3 25
41.0%
Q2 25
43.1%
Q1 25
44.3%
Q3 24
44.8%
Q2 24
43.8%
Q1 24
44.4%
Q3 23
40.5%
Q2 23
41.5%
Operating Margin
PCLA
PCLA
SSYS
SSYS
Q3 25
-16.6%
Q2 25
-12.0%
Q1 25
-114.8%
-9.1%
Q3 24
-18.2%
Q2 24
-18.9%
Q1 24
-17.0%
Q3 23
-26.4%
Q2 23
-21.1%
Net Margin
PCLA
PCLA
SSYS
SSYS
Q3 25
-40.6%
Q2 25
-12.1%
Q1 25
-125.2%
-9.6%
Q3 24
-19.0%
Q2 24
-18.6%
Q1 24
-18.0%
Q3 23
-29.2%
Q2 23
-24.2%
EPS (diluted)
PCLA
PCLA
SSYS
SSYS
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23
$-0.68
Q2 23
$-0.56

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
SSYS
SSYS
Cash + ST InvestmentsLiquidity on hand
$456.8M
$71.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
$852.5M
Total Assets
$1.2B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
SSYS
SSYS
Q3 25
$71.5M
Q2 25
$71.1M
Q1 25
$456.8M
$70.1M
Q3 24
$64.0M
Q2 24
$70.9M
Q1 24
$91.1M
Q3 23
$104.6M
Q2 23
$144.4M
Stockholders' Equity
PCLA
PCLA
SSYS
SSYS
Q3 25
$852.5M
Q2 25
$902.4M
Q1 25
$354.8M
$784.8M
Q3 24
$831.8M
Q2 24
$850.5M
Q1 24
$866.1M
Q3 23
$883.1M
Q2 23
$923.2M
Total Assets
PCLA
PCLA
SSYS
SSYS
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.2B
$1.0B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Q3 23
$1.2B
Q2 23
$1.2B

Cash Flow & Capital Efficiency

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

Metric
PCLA
PCLA
SSYS
SSYS
Operating Cash FlowLast quarter
$-245.6M
$6.9M
Free Cash FlowOCF − Capex
$-256.6M
$2.5M
FCF MarginFCF / Revenue
-101.6%
1.8%
Capex IntensityCapex / Revenue
4.3%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
SSYS
SSYS
Q3 25
$6.9M
Q2 25
$-1.1M
Q1 25
$-245.6M
$4.5M
Q3 24
$-4.5M
Q2 24
$-2.4M
Q1 24
$7.3M
Q3 23
$-12.7M
Q2 23
$-23.2M
Free Cash Flow
PCLA
PCLA
SSYS
SSYS
Q3 25
$2.5M
Q2 25
$-8.4M
Q1 25
$-256.6M
$789.0K
Q3 24
$-6.3M
Q2 24
$-4.9M
Q1 24
$5.0M
Q3 23
$-15.0M
Q2 23
$-26.1M
FCF Margin
PCLA
PCLA
SSYS
SSYS
Q3 25
1.8%
Q2 25
-6.1%
Q1 25
-101.6%
0.6%
Q3 24
-4.5%
Q2 24
-3.6%
Q1 24
3.5%
Q3 23
-9.3%
Q2 23
-16.3%
Capex Intensity
PCLA
PCLA
SSYS
SSYS
Q3 25
3.2%
Q2 25
5.3%
Q1 25
4.3%
2.8%
Q3 24
1.3%
Q2 24
1.8%
Q1 24
1.6%
Q3 23
1.4%
Q2 23
1.8%

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

SSYS
SSYS

Segment breakdown not available.

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