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LIGHTPATH TECHNOLOGIES INC（LPTH）与Velo3D, Inc.（VELO）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Velo3D, Inc.的1.7倍（$16.4M vs $9.4M），LIGHTPATH TECHNOLOGIES INC净利率更高（-57.5% vs -231.9%，领先174.4%），LIGHTPATH TECHNOLOGIES INC同比增速更快（120.2% vs -25.2%），LIGHTPATH TECHNOLOGIES INC自由现金流更多（$2.0M vs $-8.3M），过去两年LIGHTPATH TECHNOLOGIES INC的营收复合增速更高（45.7% vs -1.8%）
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。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
LPTH vs VELO — 直观对比
营收规模更大
LPTH
是对方的1.7倍
$9.4M
营收增速更快
LPTH
高出145.5%
-25.2%
净利率更高
LPTH
高出174.4%
-231.9%
自由现金流更多
LPTH
多$10.3M
$-8.3M
两年增速更快
LPTH
近两年复合增速
-1.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.4M | $9.4M |
| 净利润 | $-9.4M | $-21.9M |
| 毛利率 | 36.8% | -73.6% |
| 营业利润率 | -52.6% | -231.0% |
| 净利率 | -57.5% | -231.9% |
| 营收同比 | 120.2% | -25.2% |
| 净利润同比 | -260.1% | -2.9% |
| 每股收益（稀释后） | $-0.20 | $-0.87 |
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LPTHVELO
| Q4 25 | $16.4M | $9.4M | ||
| Q3 25 | $15.1M | $13.6M | ||
| Q2 25 | $12.2M | $13.6M | ||
| Q1 25 | $9.2M | $9.3M | ||
| Q4 24 | $7.4M | $12.6M | ||
| Q3 24 | $8.4M | $8.2M | ||
| Q2 24 | $8.6M | $10.3M | ||
| Q1 24 | $7.7M | $9.8M |
净利润LPTHVELO
| Q4 25 | $-9.4M | $-21.9M | ||
| Q3 25 | $-2.9M | $-11.2M | ||
| Q2 25 | $-7.1M | $-13.3M | ||
| Q1 25 | $-3.6M | $-25.0M | ||
| Q4 24 | $-2.6M | $-21.3M | ||
| Q3 24 | $-1.6M | $-21.9M | ||
| Q2 24 | $-2.4M | $935.0K | ||
| Q1 24 | $-2.6M | $-27.5M |
毛利率LPTHVELO
| Q4 25 | 36.8% | -73.6% | ||
| Q3 25 | 29.8% | 3.2% | ||
| Q2 25 | 22.0% | -11.7% | ||
| Q1 25 | 29.1% | 7.5% | ||
| Q4 24 | 26.0% | -3.5% | ||
| Q3 24 | 33.9% | 49.4% | ||
| Q2 24 | 29.2% | -28.0% | ||
| Q1 24 | 20.9% | -28.8% |
营业利润率LPTHVELO
| Q4 25 | -52.6% | -231.0% | ||
| Q3 25 | -16.6% | -73.3% | ||
| Q2 25 | -38.0% | -85.4% | ||
| Q1 25 | -36.3% | -123.6% | ||
| Q4 24 | -33.5% | -167.0% | ||
| Q3 24 | -16.4% | -213.8% | ||
| Q2 24 | -25.6% | -187.7% | ||
| Q1 24 | -33.6% | -211.1% |
净利率LPTHVELO
| Q4 25 | -57.5% | -231.9% | ||
| Q3 25 | -19.2% | -82.0% | ||
| Q2 25 | -57.8% | -97.7% | ||
| Q1 25 | -39.1% | -268.4% | ||
| Q4 24 | -35.2% | -168.5% | ||
| Q3 24 | -19.3% | -265.3% | ||
| Q2 24 | -27.3% | 9.0% | ||
| Q1 24 | -33.7% | -281.2% |
每股收益（稀释后）LPTHVELO
| Q4 25 | $-0.20 | $-0.87 | ||
| Q3 25 | $-0.07 | $-0.65 | ||
| Q2 25 | $0.19 | $-0.94 | ||
| Q1 25 | $-0.44 | $-1.87 | ||
| Q4 24 | $-0.07 | $7.06 | ||
| Q3 24 | $-0.04 | $-35.52 | ||
| Q2 24 | $-0.15 | $1.65 | ||
| Q1 24 | $-0.07 | $-55.51 |
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 | $39.0M |
| 总债务越低越好 | — | $31.0M |
| 股东权益账面价值 | $77.9M | $38.2M |
| 总资产 | $148.6M | $105.3M |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资LPTHVELO
| Q4 25 | $73.6M | $39.0M | ||
| Q3 25 | — | $11.8M | ||
| Q2 25 | $4.9M | $854.0K | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $10.9M |
总债务LPTHVELO
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | $535.0K | $33.5M | ||
| Q1 24 | $599.4K | $44.0M |
股东权益LPTHVELO
| Q4 25 | $77.9M | $38.2M | ||
| Q3 25 | $21.4M | $29.9M | ||
| Q2 25 | $15.6M | $21.4M | ||
| Q1 25 | $15.7M | $32.8M | ||
| Q4 24 | $26.7M | $39.7M | ||
| Q3 24 | $29.4M | $34.4M | ||
| Q2 24 | $30.2M | $52.1M | ||
| Q1 24 | $31.7M | $45.5M |
总资产LPTHVELO
| Q4 25 | $148.6M | $105.3M | ||
| Q3 25 | $87.3M | $93.7M | ||
| Q2 25 | $81.5M | $78.4M | ||
| Q1 25 | $81.4M | $91.3M | ||
| Q4 24 | $45.8M | $89.2M | ||
| Q3 24 | $48.4M | $110.8M | ||
| Q2 24 | $48.1M | $116.7M | ||
| Q1 24 | $49.7M | $136.1M |
负债/权益比LPTHVELO
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | 0.02× | 0.64× | ||
| Q1 24 | 0.02× | 0.97× |
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 | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | $2.0M | $-8.3M |
| 自由现金流率自由现金流/营收 | 12.0% | -88.3% |
| 资本支出强度资本支出/营收 | 5.3% | 6.4% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流LPTHVELO
| Q4 25 | $2.8M | $-7.7M | ||
| Q3 25 | $-1.1M | $-6.0M | ||
| Q2 25 | $-2.6M | $-1.2M | ||
| Q1 25 | $-3.2M | $-12.3M | ||
| Q4 24 | $-737.4K | $-2.2M | ||
| Q3 24 | $-1.7M | $-2.0M | ||
| Q2 24 | $64.7K | $-8.0M | ||
| Q1 24 | $-394.2K | $-20.5M |
自由现金流LPTHVELO
| Q4 25 | $2.0M | $-8.3M | ||
| Q3 25 | $-1.2M | $-6.3M | ||
| Q2 25 | $-3.3M | $-3.0M | ||
| Q1 25 | $-3.7M | — | ||
| Q4 24 | $-817.8K | $-2.2M | ||
| Q3 24 | $-1.8M | $-2.0M | ||
| Q2 24 | $-225.5K | $-8.0M | ||
| Q1 24 | $-802.5K | $-20.5M |
自由现金流率LPTHVELO
| Q4 25 | 12.0% | -88.3% | ||
| Q3 25 | -8.1% | -46.5% | ||
| Q2 25 | -27.3% | -22.2% | ||
| Q1 25 | -40.0% | — | ||
| Q4 24 | -11.0% | -17.7% | ||
| Q3 24 | -21.2% | -24.2% | ||
| Q2 24 | -2.6% | -77.1% | ||
| Q1 24 | -10.4% | -209.8% |
资本支出强度LPTHVELO
| Q4 25 | 5.3% | 6.4% | ||
| Q3 25 | 0.5% | 2.3% | ||
| Q2 25 | 5.6% | 13.3% | ||
| Q1 25 | 4.6% | 0.0% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 3.4% | 0.0% | ||
| Q1 24 | 5.3% | 0.1% |
现金转化率LPTHVELO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 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
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
VELO
暂无分部数据
