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Side-by-side financial comparison of Peraso Inc. (PRSO) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.

Peraso Inc. is the larger business by last-quarter revenue ($2.9M vs $2.9M, roughly 1.0× TOP Financial Group Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -43.3%, a 50.0% gap on every dollar of revenue.

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.

Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.

PRSO vs TOP — Head-to-Head

Bigger by revenue
PRSO
PRSO
1.0× larger
PRSO
$2.9M
$2.9M
TOP
Higher net margin
TOP
TOP
50.0% more per $
TOP
6.6%
-43.3%
PRSO

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PRSO
PRSO
TOP
TOP
Revenue
$2.9M
$2.9M
Net Profit
$-1.2M
$190.5K
Gross Margin
52.2%
Operating Margin
-44.6%
Net Margin
-43.3%
6.6%
Revenue YoY
-22.0%
Net Profit YoY
20.3%
EPS (diluted)
$-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.

Revenue
PRSO
PRSO
TOP
TOP
Q4 25
$2.9M
Q3 25
$3.2M
$2.9M
Q2 25
$2.2M
Q1 25
$3.9M
Q4 24
$3.7M
Q3 24
$3.8M
Q2 24
$4.2M
Q1 24
$2.8M
Net Profit
PRSO
PRSO
TOP
TOP
Q4 25
$-1.2M
Q3 25
$-1.2M
$190.5K
Q2 25
$-1.8M
Q1 25
$-471.0K
Q4 24
$-1.6M
Q3 24
$-2.7M
Q2 24
$-4.4M
Q1 24
$-2.0M
Gross Margin
PRSO
PRSO
TOP
TOP
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%
Operating Margin
PRSO
PRSO
TOP
TOP
Q4 25
-44.6%
Q3 25
-36.8%
Q2 25
-80.0%
Q1 25
-13.3%
Q4 24
-44.3%
Q3 24
-70.3%
Q2 24
-105.6%
Q1 24
-128.9%
Net Margin
PRSO
PRSO
TOP
TOP
Q4 25
-43.3%
Q3 25
-37.4%
6.6%
Q2 25
-82.4%
Q1 25
-12.2%
Q4 24
-42.4%
Q3 24
-70.6%
Q2 24
-104.4%
Q1 24
-72.1%
EPS (diluted)
PRSO
PRSO
TOP
TOP
Q4 25
$-0.09
Q3 25
$-0.17
Q2 25
$-0.31
Q1 25
$-0.10
Q4 24
$0.36
Q3 24
$-0.98
Q2 24
$-1.88
Q1 24
$-1.07

Balance Sheet & Financial Strength

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

Metric
PRSO
PRSO
TOP
TOP
Cash + ST InvestmentsLiquidity on hand
$2.9M
$14.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.6M
$35.0M
Total Assets
$6.1M
$64.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRSO
PRSO
TOP
TOP
Q4 25
$2.9M
Q3 25
$14.8M
Q2 25
Q1 25
Q4 24
$3.3M
Q3 24
$1.3M
Q2 24
$1.9M
Q1 24
$2.4M
Stockholders' Equity
PRSO
PRSO
TOP
TOP
Q4 25
$4.6M
Q3 25
$3.6M
$35.0M
Q2 25
$3.0M
Q1 25
$3.6M
Q4 24
$3.5M
Q3 24
$2.0M
Q2 24
$3.6M
Q1 24
$6.7M
Total Assets
PRSO
PRSO
TOP
TOP
Q4 25
$6.1M
Q3 25
$6.2M
$64.1M
Q2 25
$5.5M
Q1 25
$6.7M
Q4 24
$7.2M
Q3 24
$7.2M
Q2 24
$9.8M
Q1 24
$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
PRSO
PRSO
TOP
TOP
Operating Cash FlowLast quarter
$-1.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRSO
PRSO
TOP
TOP
Q4 25
$-1.1M
Q3 25
$-1.5M
Q2 25
$-2.0M
Q1 25
$-966.0K
Q4 24
$-687.0K
Q3 24
$-683.0K
Q2 24
$-659.0K
Q1 24
$-2.5M
Free Cash Flow
PRSO
PRSO
TOP
TOP
Q4 25
Q3 25
$-1.6M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
PRSO
PRSO
TOP
TOP
Q4 25
Q3 25
-48.9%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
PRSO
PRSO
TOP
TOP
Q4 25
Q3 25
1.1%
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.

Revenue Breakdown by Segment

PRSO
PRSO

Products$2.8M96%
Other$105.0K4%

TOP
TOP

Segment breakdown not available.

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