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Side-by-side financial comparison of PureCycle Technologies, Inc. (PCT) and Peraso Inc. (PRSO). Click either name above to swap in a different company.
Peraso Inc. is the larger business by last-quarter revenue ($2.9M vs $2.7M, roughly 1.1× PureCycle Technologies, Inc.). Peraso Inc. runs the higher net margin — -43.3% vs -697.1%, a 653.8% gap on every dollar of revenue.
PureCycle Technologies, Inc. is a sustainable materials firm with proprietary advanced polypropylene recycling technology. It converts contaminated polypropylene waste into high-purity virgin-equivalent resin for use in consumer goods, automotive parts, packaging and industrial products, serving global partners.
Peraso Inc. is a semiconductor technology firm specializing in the design and production of high-performance millimeter wave (mmWave) integrated circuits and modules. It delivers 5G and next-generation wireless connectivity solutions for telecom infrastructure, industrial IoT, fixed wireless access and consumer electronics segments, serving customers across North America, Asia Pacific and European markets.
PCT vs PRSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $2.9M |
| Net Profit | $-18.8M | $-1.2M |
| Gross Margin | — | 52.2% |
| Operating Margin | -2196.1% | -44.6% |
| Net Margin | -697.1% | -43.3% |
| Revenue YoY | — | -22.0% |
| Net Profit YoY | 71.0% | 20.3% |
| EPS (diluted) | $-0.14 | $-0.09 |
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 | $2.7M | $2.9M | ||
| Q3 25 | $2.4M | $3.2M | ||
| Q2 25 | $1.6M | $2.2M | ||
| Q1 25 | $1.6M | $3.9M | ||
| Q4 24 | $0 | $3.7M | ||
| Q3 24 | $0 | $3.8M | ||
| Q2 24 | $0 | $4.2M | ||
| Q1 24 | $0 | $2.8M |
| Q4 25 | $-18.8M | $-1.2M | ||
| Q3 25 | $-28.4M | $-1.2M | ||
| Q2 25 | $-144.2M | $-1.8M | ||
| Q1 25 | $8.8M | $-471.0K | ||
| Q4 24 | $-64.7M | $-1.6M | ||
| Q3 24 | $-90.6M | $-2.7M | ||
| Q2 24 | $-48.2M | $-4.4M | ||
| Q1 24 | $-85.6M | $-2.0M |
| Q4 25 | — | 52.2% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 48.3% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | 55.5% | ||
| Q1 24 | — | 46.4% |
| Q4 25 | -2196.1% | -44.6% | ||
| Q3 25 | -1602.2% | -36.8% | ||
| Q2 25 | -2763.5% | -80.0% | ||
| Q1 25 | -2387.4% | -13.3% | ||
| Q4 24 | — | -44.3% | ||
| Q3 24 | — | -70.3% | ||
| Q2 24 | — | -105.6% | ||
| Q1 24 | — | -128.9% |
| Q4 25 | -697.1% | -43.3% | ||
| Q3 25 | -1167.5% | -37.4% | ||
| Q2 25 | -8741.8% | -82.4% | ||
| Q1 25 | 559.0% | -12.2% | ||
| Q4 24 | — | -42.4% | ||
| Q3 24 | — | -70.6% | ||
| Q2 24 | — | -104.4% | ||
| Q1 24 | — | -72.1% |
| Q4 25 | $-0.14 | $-0.09 | ||
| Q3 25 | $-0.31 | $-0.17 | ||
| Q2 25 | $-0.81 | $-0.31 | ||
| Q1 25 | $0.05 | $-0.10 | ||
| Q4 24 | $-0.40 | $0.36 | ||
| Q3 24 | $-0.54 | $-0.98 | ||
| Q2 24 | $-0.29 | $-1.88 | ||
| Q1 24 | $-0.52 | $-1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.7M | $2.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $45.9M | $4.6M |
| Total Assets | $922.7M | $6.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | $2.9M | ||
| Q3 25 | $234.4M | — | ||
| Q2 25 | $284.1M | — | ||
| Q1 25 | $22.5M | — | ||
| Q4 24 | $15.7M | $3.3M | ||
| Q3 24 | $83.7M | $1.3M | ||
| Q2 24 | $10.9M | $1.9M | ||
| Q1 24 | $25.0M | $2.4M |
| Q4 25 | $45.9M | $4.6M | ||
| Q3 25 | $68.2M | $3.6M | ||
| Q2 25 | $98.9M | $3.0M | ||
| Q1 25 | $238.2M | $3.6M | ||
| Q4 24 | $180.4M | $3.5M | ||
| Q3 24 | $241.4M | $2.0M | ||
| Q2 24 | $291.6M | $3.6M | ||
| Q1 24 | $336.8M | $6.7M |
| Q4 25 | $922.7M | $6.1M | ||
| Q3 25 | $989.1M | $6.2M | ||
| Q2 25 | $1.0B | $5.5M | ||
| Q1 25 | $787.3M | $6.7M | ||
| Q4 24 | $798.4M | $7.2M | ||
| Q3 24 | $788.8M | $7.2M | ||
| Q2 24 | $719.8M | $9.8M | ||
| Q1 24 | $734.0M | $11.5M |
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 | $-28.7M | $-1.1M |
| Free Cash FlowOCF − Capex | $-42.0M | — |
| FCF MarginFCF / Revenue | -1559.6% | — |
| Capex IntensityCapex / Revenue | 495.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-183.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-28.7M | $-1.1M | ||
| Q3 25 | $-38.5M | $-1.5M | ||
| Q2 25 | $-36.7M | $-2.0M | ||
| Q1 25 | $-38.9M | $-966.0K | ||
| Q4 24 | $-31.8M | $-687.0K | ||
| Q3 24 | $-33.4M | $-683.0K | ||
| Q2 24 | $-40.4M | $-659.0K | ||
| Q1 24 | $-39.2M | $-2.5M |
| Q4 25 | $-42.0M | — | ||
| Q3 25 | $-42.4M | $-1.6M | ||
| Q2 25 | $-45.3M | — | ||
| Q1 25 | $-53.9M | — | ||
| Q4 24 | $-53.4M | — | ||
| Q3 24 | $-42.6M | — | ||
| Q2 24 | $-50.8M | — | ||
| Q1 24 | $-53.5M | — |
| Q4 25 | -1559.6% | — | ||
| Q3 25 | -1743.1% | -48.9% | ||
| Q2 25 | -2747.1% | — | ||
| Q1 25 | -3409.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 495.1% | — | ||
| Q3 25 | 160.3% | 1.1% | ||
| Q2 25 | 521.5% | — | ||
| Q1 25 | 949.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.40× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCT
Segment breakdown not available.
PRSO
| Products | $2.8M | 96% |
| Other | $105.0K | 4% |
