Geospace Technologies vs Lightpath Technologies
Geospace Technologies is the larger business, with $111m of revenue in fiscal 2025 against $71.7m for Lightpath Technologies (1.5 times as much). Lightpath Technologies grew faster (92.8% against -18.3%). Geospace Technologies kept more of each dollar of sales as profit: a net margin of -8.8% against -28.6%.
| Latest fiscal year | Geospace TechnologiesGEOS, 2025 | Lightpath TechnologiesLPTH, 2026 |
|---|---|---|
| Revenue | $111m | $71.7m |
| Revenue growth | -18.3% | 92.8% |
| Net income | −$9.7m | −$20.5m |
| Operating margin | -10.2% | -27.4% |
| Net margin | -8.8% | -28.6% |
| Return on equity | -7.5% | -24.9% |
| Free cash flow | −$30.2m | −$16.5m |
| Cash | $26.3m | $93.2m |
| Total debt | $0 | — |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $615,000 | — |
| Employees | 519 | 425 |
| Market value | $53.2m | $467m |
| Price vs our value range | — | — |
| Moat score | 28 (Weak) | 28 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 18 sales |