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LIGHTPATH TECHNOLOGIES INC（LPTH）与Soluna Holdings, Inc（SLNH）财务数据对比。点击上方公司名可切换其他公司
LIGHTPATH TECHNOLOGIES INC的季度营收约是Soluna Holdings, Inc的1.9倍（$16.4M vs $8.4M），LIGHTPATH TECHNOLOGIES INC净利率更高（-57.5% vs -284.7%，领先227.2%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs 11.8%），LIGHTPATH TECHNOLOGIES INC自由现金流更多（$2.0M vs $-6.8M），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs -8.8%）
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。
LPTH vs SLNH — 直观对比
营收规模更大
LPTH
是对方的1.9倍
$8.4M
营收增速更快
LPTH
高出108.4%
11.8%
净利率更高
LPTH
高出227.2%
-284.7%
自由现金流更多
LPTH
多$8.8M
$-6.8M
两年增速更快
LPTH
近两年复合增速
-8.8%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $8.4M |
| 净利润 | $-9.4M | $-24.0M |
| 毛利率 | 36.8% | 9.5% |
| 营业利润率 | -52.6% | -92.5% |
| 净利率 | -57.5% | -284.7% |
| 营收同比 | 120.2% | 11.8% |
| 净利润同比 | -260.1% | -233.2% |
| 每股收益（稀释后） | $-0.20 | $-1.14 |
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LPTHSLNH
| Q4 25 | $16.4M | — | ||
| Q3 25 | $15.1M | $8.4M | ||
| Q2 25 | $12.2M | $6.2M | ||
| Q1 25 | $9.2M | $5.9M | ||
| Q4 24 | $7.4M | $8.3M | ||
| Q3 24 | $8.4M | $7.5M | ||
| Q2 24 | $8.6M | $9.7M | ||
| Q1 24 | $7.7M | $12.5M |
净利润LPTHSLNH
| Q4 25 | $-9.4M | — | ||
| Q3 25 | $-2.9M | $-24.0M | ||
| Q2 25 | $-7.1M | $-7.4M | ||
| Q1 25 | $-3.6M | $-7.6M | ||
| Q4 24 | $-2.6M | $-40.0M | ||
| Q3 24 | $-1.6M | $-7.2M | ||
| Q2 24 | $-2.4M | $-10.9M | ||
| Q1 24 | $-2.6M | $-5.3M |
毛利率LPTHSLNH
| Q4 25 | 36.8% | — | ||
| Q3 25 | 29.8% | 9.5% | ||
| Q2 25 | 22.0% | 6.3% | ||
| Q1 25 | 29.1% | 5.7% | ||
| Q4 24 | 26.0% | -360.8% | ||
| Q3 24 | 33.9% | -39.1% | ||
| Q2 24 | 29.2% | 34.6% | ||
| Q1 24 | 20.9% | 45.4% |
营业利润率LPTHSLNH
| Q4 25 | -52.6% | — | ||
| Q3 25 | -16.6% | -92.5% | ||
| Q2 25 | -38.0% | -107.6% | ||
| Q1 25 | -36.3% | -120.9% | ||
| Q4 24 | -33.5% | -426.0% | ||
| Q3 24 | -16.4% | -119.8% | ||
| Q2 24 | -25.6% | -38.0% | ||
| Q1 24 | -33.6% | 3.2% |
净利率LPTHSLNH
| Q4 25 | -57.5% | — | ||
| Q3 25 | -19.2% | -284.7% | ||
| Q2 25 | -57.8% | -119.9% | ||
| Q1 25 | -39.1% | -127.3% | ||
| Q4 24 | -35.2% | -483.8% | ||
| Q3 24 | -19.3% | -95.5% | ||
| Q2 24 | -27.3% | -112.4% | ||
| Q1 24 | -33.7% | -41.9% |
每股收益（稀释后）LPTHSLNH
| Q4 25 | $-0.20 | — | ||
| Q3 25 | $-0.07 | $-1.14 | ||
| Q2 25 | $0.19 | $-0.93 | ||
| Q1 25 | $-0.44 | $-1.21 | ||
| Q4 24 | $-0.07 | $-7.14 | ||
| Q3 24 | $-0.04 | $-1.56 | ||
| Q2 24 | $-0.15 | $-3.62 | ||
| Q1 24 | $-0.07 | $-2.62 |
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 | — |
| 总债务越低越好 | — | $13.3M |
| 股东权益账面价值 | $77.9M | $14.5M |
| 总资产 | $148.6M | $152.0M |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资LPTHSLNH
| Q4 25 | $73.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务LPTHSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | $535.0K | $9.0M | ||
| Q1 24 | $599.4K | — |
股东权益LPTHSLNH
| Q4 25 | $77.9M | — | ||
| Q3 25 | $21.4M | $14.5M | ||
| Q2 25 | $15.6M | $-19.5M | ||
| Q1 25 | $15.7M | $-16.1M | ||
| Q4 24 | $26.7M | $-12.5M | ||
| Q3 24 | $29.4M | $20.9M | ||
| Q2 24 | $30.2M | $24.4M | ||
| Q1 24 | $31.7M | $21.5M |
总资产LPTHSLNH
| Q4 25 | $148.6M | — | ||
| Q3 25 | $87.3M | $152.0M | ||
| Q2 25 | $81.5M | $92.0M | ||
| Q1 25 | $81.4M | $90.0M | ||
| Q4 24 | $45.8M | $88.0M | ||
| Q3 24 | $48.4M | $97.3M | ||
| Q2 24 | $48.1M | $98.7M | ||
| Q1 24 | $49.7M | $90.6M |
负债/权益比LPTHSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | 0.02× | 0.37× | ||
| Q1 24 | 0.02× | — |
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 | $-2.2M |
| 自由现金流经营现金流 - 资本支出 | $2.0M | $-6.8M |
| 自由现金流率自由现金流/营收 | 12.0% | -81.4% |
| 资本支出强度资本支出/营收 | 5.3% | 55.2% |
| 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 | $-34.4M |
8季度趋势，按日历期对齐
经营现金流LPTHSLNH
| Q4 25 | $2.8M | — | ||
| Q3 25 | $-1.1M | $-2.2M | ||
| Q2 25 | $-2.6M | $-1.1M | ||
| Q1 25 | $-3.2M | $-177.0K | ||
| Q4 24 | $-737.4K | $-5.1M | ||
| Q3 24 | $-1.7M | $61.0K | ||
| Q2 24 | $64.7K | $-7.3M | ||
| Q1 24 | $-394.2K | $3.9M |
自由现金流LPTHSLNH
| Q4 25 | $2.0M | — | ||
| Q3 25 | $-1.2M | $-6.8M | ||
| Q2 25 | $-3.3M | $-9.7M | ||
| Q1 25 | $-3.7M | $-4.0M | ||
| Q4 24 | $-817.8K | $-13.9M | ||
| Q3 24 | $-1.8M | $-3.4M | ||
| Q2 24 | $-225.5K | $-7.6M | ||
| Q1 24 | $-802.5K | $3.3M |
自由现金流率LPTHSLNH
| Q4 25 | 12.0% | — | ||
| Q3 25 | -8.1% | -81.4% | ||
| Q2 25 | -27.3% | -156.8% | ||
| Q1 25 | -40.0% | -67.1% | ||
| Q4 24 | -11.0% | -168.3% | ||
| Q3 24 | -21.2% | -44.8% | ||
| Q2 24 | -2.6% | -78.2% | ||
| Q1 24 | -10.4% | 26.5% |
资本支出强度LPTHSLNH
| Q4 25 | 5.3% | — | ||
| Q3 25 | 0.5% | 55.2% | ||
| Q2 25 | 5.6% | 139.0% | ||
| Q1 25 | 4.6% | 64.2% | ||
| Q4 24 | 1.1% | 107.0% | ||
| Q3 24 | 0.9% | 45.6% | ||
| Q2 24 | 3.4% | 2.5% | ||
| Q1 24 | 5.3% | 4.2% |
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% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
