vs
Side-by-side financial comparison of Peraso Inc. (PRSO) and TECOGEN INC. (TGEN). Click either name above to swap in a different company.
TECOGEN INC. is the larger business by last-quarter revenue ($5.3M vs $2.9M, roughly 1.9× Peraso Inc.). Peraso Inc. runs the higher net margin — -43.3% vs -75.1%, a 31.8% gap on every dollar of revenue. On growth, TECOGEN INC. posted the faster year-over-year revenue change (-12.5% vs -22.0%). Over the past eight quarters, Peraso Inc.'s revenue compounded faster (1.0% CAGR vs -7.3%).
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.
PRSO vs TGEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9M | $5.3M |
| Net Profit | $-1.2M | $-4.0M |
| Gross Margin | 52.2% | 36.8% |
| Operating Margin | -44.6% | -77.8% |
| Net Margin | -43.3% | -75.1% |
| Revenue YoY | -22.0% | -12.5% |
| Net Profit YoY | 20.3% | -236.7% |
| EPS (diluted) | $-0.09 | $-0.14 |
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 | $2.9M | $5.3M | ||
| Q3 25 | $3.2M | $7.2M | ||
| Q2 25 | $2.2M | $7.3M | ||
| Q1 25 | $3.9M | $7.3M | ||
| Q4 24 | $3.7M | $6.1M | ||
| Q3 24 | $3.8M | $5.6M | ||
| Q2 24 | $4.2M | $4.7M | ||
| Q1 24 | $2.8M | $6.2M |
| Q4 25 | $-1.2M | $-4.0M | ||
| Q3 25 | $-1.2M | $-2.1M | ||
| Q2 25 | $-1.8M | $-1.5M | ||
| Q1 25 | $-471.0K | $-659.9K | ||
| Q4 24 | $-1.6M | $-1.2M | ||
| Q3 24 | $-2.7M | $-930.4K | ||
| Q2 24 | $-4.4M | $-1.5M | ||
| Q1 24 | $-2.0M | $-1.1M |
| Q4 25 | 52.2% | 36.8% | ||
| Q3 25 | 56.2% | 30.4% | ||
| Q2 25 | 48.3% | 33.8% | ||
| Q1 25 | 69.3% | 44.3% | ||
| Q4 24 | 56.3% | 45.0% | ||
| Q3 24 | 47.0% | 44.1% | ||
| Q2 24 | 55.5% | 44.0% | ||
| Q1 24 | 46.4% | 41.6% |
| Q4 25 | -44.6% | -77.8% | ||
| Q3 25 | -36.8% | -29.2% | ||
| Q2 25 | -80.0% | -19.4% | ||
| Q1 25 | -13.3% | -8.2% | ||
| Q4 24 | -44.3% | -18.7% | ||
| Q3 24 | -70.3% | -15.5% | ||
| Q2 24 | -105.6% | -31.2% | ||
| Q1 24 | -128.9% | -17.0% |
| Q4 25 | -43.3% | -75.1% | ||
| Q3 25 | -37.4% | -29.7% | ||
| Q2 25 | -82.4% | -20.1% | ||
| Q1 25 | -12.2% | -9.1% | ||
| Q4 24 | -42.4% | -19.5% | ||
| Q3 24 | -70.6% | -16.5% | ||
| Q2 24 | -104.4% | -32.5% | ||
| Q1 24 | -72.1% | -17.9% |
| Q4 25 | $-0.09 | $-0.14 | ||
| Q3 25 | $-0.17 | $-0.07 | ||
| Q2 25 | $-0.31 | $-0.06 | ||
| Q1 25 | $-0.10 | $-0.03 | ||
| Q4 24 | $0.36 | $-0.05 | ||
| Q3 24 | $-0.98 | $-0.04 | ||
| Q2 24 | $-1.88 | $-0.06 | ||
| Q1 24 | $-1.07 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9M | $12.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.6M | $21.6M |
| Total Assets | $6.1M | $37.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $12.4M | ||
| Q3 25 | — | $15.3M | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | $3.3M | $5.4M | ||
| Q3 24 | $1.3M | $1.3M | ||
| Q2 24 | $1.9M | $841.9K | ||
| Q1 24 | $2.4M | $1.5M |
| Q4 25 | $4.6M | $21.6M | ||
| Q3 25 | $3.6M | $25.5M | ||
| Q2 25 | $3.0M | $9.1M | ||
| Q1 25 | $3.6M | $9.6M | ||
| Q4 24 | $3.5M | $10.2M | ||
| Q3 24 | $2.0M | $11.3M | ||
| Q2 24 | $3.6M | $12.2M | ||
| Q1 24 | $6.7M | $13.7M |
| Q4 25 | $6.1M | $37.0M | ||
| Q3 25 | $6.2M | $41.5M | ||
| Q2 25 | $5.5M | $28.4M | ||
| Q1 25 | $6.7M | $29.7M | ||
| Q4 24 | $7.2M | $31.1M | ||
| Q3 24 | $7.2M | $27.5M | ||
| Q2 24 | $9.8M | $27.2M | ||
| Q1 24 | $11.5M | $28.5M |
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 | $-1.1M | $-2.6M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -49.3% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | $-2.6M | ||
| Q3 25 | $-1.5M | $-3.6M | ||
| Q2 25 | $-2.0M | $-2.6M | ||
| Q1 25 | $-966.0K | $-1.2M | ||
| Q4 24 | $-687.0K | $4.2M | ||
| Q3 24 | $-683.0K | $-207.3K | ||
| Q2 24 | $-659.0K | $-157.9K | ||
| Q1 24 | $-2.5M | $248.2K |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-1.6M | $-3.6M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $-489.6K | ||
| Q2 24 | — | $-609.6K | ||
| Q1 24 | — | $143.3K |
| Q4 25 | — | -49.3% | ||
| Q3 25 | -48.9% | -50.6% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -17.9% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | — | -8.7% | ||
| Q2 24 | — | -12.9% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRSO
| Products | $2.8M | 96% |
| Other | $105.0K | 4% |
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
