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LIGHTPATH TECHNOLOGIES INC（LPTH）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
FiscalNote Holdings, Inc.的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.4倍（$22.2M vs $16.4M），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -24.7%），LIGHTPATH TECHNOLOGIES INC自由现金流更多（$2.0M vs $-1.9M），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs -16.8%）
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
LPTH vs NOTE — 直观对比
营收规模更大
NOTE
是对方的1.4倍
$16.4M
营收增速更快
LPTH
高出144.9%
-24.7%
自由现金流更多
LPTH
多$3.9M
$-1.9M
两年增速更快
LPTH
近两年复合增速
-16.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $22.2M |
| 净利润 | $-9.4M | — |
| 毛利率 | 36.8% | — |
| 营业利润率 | -52.6% | -83.7% |
| 净利率 | -57.5% | — |
| 营收同比 | 120.2% | -24.7% |
| 净利润同比 | -260.1% | — |
| 每股收益（稀释后） | $-0.20 | $-2.81 |
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LPTHNOTE
| Q4 25 | $16.4M | $22.2M | ||
| Q3 25 | $15.1M | $22.4M | ||
| Q2 25 | $12.2M | $23.3M | ||
| Q1 25 | $9.2M | $27.5M | ||
| Q4 24 | $7.4M | $29.5M | ||
| Q3 24 | $8.4M | $29.4M | ||
| Q2 24 | $8.6M | $29.2M | ||
| Q1 24 | $7.7M | $32.1M |
净利润LPTHNOTE
| Q4 25 | $-9.4M | — | ||
| Q3 25 | $-2.9M | $-24.9M | ||
| Q2 25 | $-7.1M | $-13.3M | ||
| Q1 25 | $-3.6M | $-4.3M | ||
| Q4 24 | $-2.6M | — | ||
| Q3 24 | $-1.6M | $-14.9M | ||
| Q2 24 | $-2.4M | $-12.8M | ||
| Q1 24 | $-2.6M | $50.6M |
毛利率LPTHNOTE
| Q4 25 | 36.8% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 22.0% | — | ||
| Q1 25 | 29.1% | — | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 33.9% | — | ||
| Q2 24 | 29.2% | — | ||
| Q1 24 | 20.9% | — |
营业利润率LPTHNOTE
| Q4 25 | -52.6% | -83.7% | ||
| Q3 25 | -16.6% | -43.4% | ||
| Q2 25 | -38.0% | -31.9% | ||
| Q1 25 | -36.3% | -50.0% | ||
| Q4 24 | -33.5% | -19.4% | ||
| Q3 24 | -16.4% | -23.1% | ||
| Q2 24 | -25.6% | -27.2% | ||
| Q1 24 | -33.6% | -35.6% |
净利率LPTHNOTE
| Q4 25 | -57.5% | — | ||
| Q3 25 | -19.2% | -110.8% | ||
| Q2 25 | -57.8% | -57.0% | ||
| Q1 25 | -39.1% | -15.4% | ||
| Q4 24 | -35.2% | — | ||
| Q3 24 | -19.3% | -50.7% | ||
| Q2 24 | -27.3% | -43.6% | ||
| Q1 24 | -33.7% | 157.6% |
每股收益（稀释后）LPTHNOTE
| Q4 25 | $-0.20 | $-2.81 | ||
| Q3 25 | $-0.07 | $-1.73 | ||
| Q2 25 | $0.19 | $-0.08 | ||
| Q1 25 | $-0.44 | $-0.03 | ||
| Q4 24 | $-0.07 | $1.88 | ||
| Q3 24 | $-0.04 | $-1.33 | ||
| Q2 24 | $-0.15 | $-0.09 | ||
| Q1 24 | $-0.07 | $0.37 |
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 | $73.6M | $26.3M |
| 总债务越低越好 | — | $128.4M |
| 股东权益账面价值 | $77.9M | $62.0M |
| 总资产 | $148.6M | $255.1M |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资LPTHNOTE
| Q4 25 | $73.6M | $26.3M | ||
| Q3 25 | — | $31.2M | ||
| Q2 25 | $4.9M | $38.5M | ||
| Q1 25 | — | $46.3M | ||
| Q4 24 | — | $34.6M | ||
| Q3 24 | — | $32.7M | ||
| Q2 24 | — | $37.7M | ||
| Q1 24 | — | $43.6M |
总债务LPTHNOTE
| Q4 25 | — | $128.4M | ||
| Q3 25 | — | $131.5M | ||
| Q2 25 | — | $116.7M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $147.1M | ||
| Q3 24 | — | $152.2M | ||
| Q2 24 | $535.0K | $145.9M | ||
| Q1 24 | $599.4K | $153.0M |
股东权益LPTHNOTE
| Q4 25 | $77.9M | $62.0M | ||
| Q3 25 | $21.4M | $75.5M | ||
| Q2 25 | $15.6M | $95.1M | ||
| Q1 25 | $15.7M | $98.7M | ||
| Q4 24 | $26.7M | $97.8M | ||
| Q3 24 | $29.4M | $98.5M | ||
| Q2 24 | $30.2M | $106.9M | ||
| Q1 24 | $31.7M | $106.1M |
总资产LPTHNOTE
| Q4 25 | $148.6M | $255.1M | ||
| Q3 25 | $87.3M | $273.9M | ||
| Q2 25 | $81.5M | $288.3M | ||
| Q1 25 | $81.4M | $299.7M | ||
| Q4 24 | $45.8M | $326.2M | ||
| Q3 24 | $48.4M | $337.9M | ||
| Q2 24 | $48.1M | $346.3M | ||
| Q1 24 | $49.7M | $357.8M |
负债/权益比LPTHNOTE
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | 0.02× | 1.36× | ||
| Q1 24 | 0.02× | 1.44× |
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 | $2.8M | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | $2.0M | $-1.9M |
| 自由现金流率自由现金流/营收 | 12.0% | -8.7% |
| 资本支出强度资本支出/营收 | 5.3% | 7.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-6.3M | $-18.6M |
8季度趋势，按日历期对齐
经营现金流LPTHNOTE
| Q4 25 | $2.8M | $-279.0K | ||
| Q3 25 | $-1.1M | $-8.3M | ||
| Q2 25 | $-2.6M | $-6.2M | ||
| Q1 25 | $-3.2M | $3.3M | ||
| Q4 24 | $-737.4K | $-1.3M | ||
| Q3 24 | $-1.7M | $-3.0M | ||
| Q2 24 | $64.7K | $-3.7M | ||
| Q1 24 | $-394.2K | $2.7M |
自由现金流LPTHNOTE
| Q4 25 | $2.0M | $-1.9M | ||
| Q3 25 | $-1.2M | $-10.4M | ||
| Q2 25 | $-3.3M | $-7.7M | ||
| Q1 25 | $-3.7M | $1.3M | ||
| Q4 24 | $-817.8K | $-3.4M | ||
| Q3 24 | $-1.8M | $-5.4M | ||
| Q2 24 | $-225.5K | $-6.5M | ||
| Q1 24 | $-802.5K | $1.0M |
自由现金流率LPTHNOTE
| Q4 25 | 12.0% | -8.7% | ||
| Q3 25 | -8.1% | -46.2% | ||
| Q2 25 | -27.3% | -33.0% | ||
| Q1 25 | -40.0% | 4.7% | ||
| Q4 24 | -11.0% | -11.4% | ||
| Q3 24 | -21.2% | -18.4% | ||
| Q2 24 | -2.6% | -22.1% | ||
| Q1 24 | -10.4% | 3.3% |
资本支出强度LPTHNOTE
| Q4 25 | 5.3% | 7.4% | ||
| Q3 25 | 0.5% | 9.3% | ||
| Q2 25 | 5.6% | 6.4% | ||
| Q1 25 | 4.6% | 7.2% | ||
| Q4 24 | 1.1% | 6.8% | ||
| Q3 24 | 0.9% | 8.3% | ||
| Q2 24 | 3.4% | 9.4% | ||
| Q1 24 | 5.3% | 5.3% |
现金转化率LPTHNOTE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
