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NLIGHT, INC.（LASR）与Talkspace, Inc.（TALK）财务数据对比。点击上方公司名可切换其他公司
NLIGHT, INC.的季度营收约是Talkspace, Inc.的1.3倍（$80.2M vs $63.0M），Talkspace, Inc.净利率更高（7.6% vs 0.8%，领先6.8%），NLIGHT, INC.同比增速更快（55.2% vs 29.3%），过去两年NLIGHT, INC.的营收复合增速更高（26.0% vs 17.8%）
nLight Inc.是全球领先的高性能半导体激光器、光纤激光器及相关光学组件研发生产商，产品广泛应用于工业精密制造、航空航天与国防、医疗设备、前沿研究等核心领域，客户遍及北美、欧洲及亚太地区。
Talkspace, Inc.是一家提供线上与移动端心理咨询服务的美国企业，由奥伦·弗兰克与罗尼·弗兰克创立于2012年，总部位于纽约。公司依托网页与移动端平台，帮助用户对接具备执业资质的心理咨询师与精神科医师，支持文字、音频、视频消息沟通，部分场景还可提供实时视频咨询服务。
LASR vs TALK — 直观对比
营收规模更大
LASR
是对方的1.3倍
$63.0M
营收增速更快
LASR
高出25.9%
29.3%
净利率更高
TALK
高出6.8%
0.8%
两年增速更快
LASR
近两年复合增速
17.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $80.2M | $63.0M |
| 净利润 | $645.0K | $4.8M |
| 毛利率 | 33.1% | — |
| 营业利润率 | 66.0% | 6.1% |
| 净利率 | 0.8% | 7.6% |
| 营收同比 | 55.2% | 29.3% |
| 净利润同比 | — | 292.5% |
| 每股收益（稀释后） | $0.01 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LASRTALK
| Q1 26 | $80.2M | — | ||
| Q4 25 | $81.2M | $63.0M | ||
| Q3 25 | $66.7M | $59.4M | ||
| Q2 25 | $61.7M | $54.3M | ||
| Q1 25 | $51.7M | $52.2M | ||
| Q4 24 | $47.4M | $48.7M | ||
| Q3 24 | $56.1M | $47.4M | ||
| Q2 24 | $50.5M | $46.1M |
净利润LASRTALK
| Q1 26 | $645.0K | — | ||
| Q4 25 | $-4.9M | $4.8M | ||
| Q3 25 | $-6.9M | $3.3M | ||
| Q2 25 | $-3.6M | $-541.0K | ||
| Q1 25 | $-8.1M | $318.0K | ||
| Q4 24 | $-25.0M | $1.2M | ||
| Q3 24 | $-10.3M | $1.9M | ||
| Q2 24 | $-11.7M | $-474.0K |
毛利率LASRTALK
| Q1 26 | 33.1% | — | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 29.9% | — | ||
| Q1 25 | 26.7% | 44.6% | ||
| Q4 24 | 2.4% | 44.2% | ||
| Q3 24 | 22.4% | 45.6% | ||
| Q2 24 | 23.5% | 45.5% |
营业利润率LASRTALK
| Q1 26 | 66.0% | — | ||
| Q4 25 | -6.7% | 6.1% | ||
| Q3 25 | -10.9% | 3.7% | ||
| Q2 25 | -6.9% | -3.3% | ||
| Q1 25 | -18.6% | -2.1% | ||
| Q4 24 | -55.8% | 1.2% | ||
| Q3 24 | -21.0% | 0.2% | ||
| Q2 24 | -25.1% | -7.6% |
净利率LASRTALK
| Q1 26 | 0.8% | — | ||
| Q4 25 | -6.0% | 7.6% | ||
| Q3 25 | -10.3% | 5.5% | ||
| Q2 25 | -5.8% | -1.0% | ||
| Q1 25 | -15.7% | 0.6% | ||
| Q4 24 | -52.7% | 2.5% | ||
| Q3 24 | -18.4% | 4.0% | ||
| Q2 24 | -23.2% | -1.0% |
每股收益（稀释后）LASRTALK
| Q1 26 | $0.01 | — | ||
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.14 | $0.02 | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.16 | $0.00 | ||
| Q4 24 | $-0.52 | $0.01 | ||
| Q3 24 | $-0.21 | $0.01 | ||
| Q2 24 | $-0.25 | $0.00 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $298.2M | $37.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $429.2M | $117.0M |
| 总资产 | $515.7M | $134.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LASRTALK
| Q1 26 | $298.2M | — | ||
| Q4 25 | $98.7M | $37.4M | ||
| Q3 25 | $81.1M | $39.5M | ||
| Q2 25 | $78.8M | $54.3M | ||
| Q1 25 | $82.2M | $60.1M | ||
| Q4 24 | $65.8M | $76.7M | ||
| Q3 24 | $41.5M | $119.0M | ||
| Q2 24 | $49.4M | $114.9M |
股东权益LASRTALK
| Q1 26 | $429.2M | — | ||
| Q4 25 | $226.7M | $117.0M | ||
| Q3 25 | $218.5M | $109.1M | ||
| Q2 25 | $216.0M | $112.9M | ||
| Q1 25 | $212.8M | $113.4M | ||
| Q4 24 | $216.4M | $117.4M | ||
| Q3 24 | $235.3M | $117.6M | ||
| Q2 24 | $239.5M | $114.0M |
总资产LASRTALK
| Q1 26 | $515.7M | — | ||
| Q4 25 | $315.2M | $134.9M | ||
| Q3 25 | $298.7M | $129.1M | ||
| Q2 25 | $295.3M | $132.8M | ||
| Q1 25 | $290.0M | $134.2M | ||
| Q4 24 | $270.2M | $138.7M | ||
| Q3 24 | $291.3M | $138.2M | ||
| Q2 24 | $294.3M | $133.8M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $5.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LASRTALK
| Q1 26 | — | — | ||
| Q4 25 | $17.5M | $5.4M | ||
| Q3 25 | $5.2M | $4.7M | ||
| Q2 25 | $-1.4M | $-351.0K | ||
| Q1 25 | $-20.0K | $-1.2M | ||
| Q4 24 | $-3.9M | $3.7M | ||
| Q3 24 | $-5.6M | $6.2M | ||
| Q2 24 | $-4.2M | $4.8M |
自由现金流LASRTALK
| Q1 26 | — | — | ||
| Q4 25 | $15.9M | — | ||
| Q3 25 | $2.4M | — | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $-2.3M | — | ||
| Q4 24 | $-6.5M | — | ||
| Q3 24 | $-7.2M | — | ||
| Q2 24 | $-6.4M | $4.5M |
自由现金流率LASRTALK
| Q1 26 | — | — | ||
| Q4 25 | 19.6% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | -6.1% | — | ||
| Q1 25 | -4.5% | — | ||
| Q4 24 | -13.7% | — | ||
| Q3 24 | -12.9% | — | ||
| Q2 24 | -12.6% | 9.7% |
资本支出强度LASRTALK
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 4.2% | 0.7% |
现金转化率LASRTALK
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -3.90× | ||
| Q4 24 | — | 3.02× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LASR
| Products | $58.2M | 73% |
| Development | $22.0M | 27% |
TALK
| Payor Revenue | $47.7M | 76% |
| Dte Revenue | $11.6M | 18% |
| Consumer | $3.7M | 6% |
