LEDS · Semileds Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $43.01M | $5.18M | $5.98M | $7.05M | $4.74M | $6.07M |
| Cost of Revenue | $40.58M | $4.13M | $4.97M | $5.65M | $3.70M | $4.48M |
| Gross Profit | $2.43M | $1.05M | $1.01M | $1.40M | $1.03M | $1.59M |
| R&D | $1.15M | $1.16M | $1.35M | $1.48M | $1.62M | $1.54M |
| SG&A | $2.87M | $2.89M | $3.06M | $3.31M | $3.61M | $2.81M |
| Total Operating Expenses | $4.03M | $4.00M | $4.41M | $4.60M | $4.95M | $3.68M |
| D&A | $717.0K | $612.0K | $1.00M | $938.0K | $897.0K | $843.0K |
| Operating Income | ($1.59M) | ($2.95M) | ($3.40M) | ($3.20M) | ($3.92M) | ($2.09M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - |
| Net Income | ($1.13M) | ($2.04M) | ($2.69M) | ($2.74M) | ($2.85M) | ($544.0K) |
| EPS - Basic | ($0.15) | ($0.32) | ($0.55) | ($0.68) | - | - |
| EPS - Diluted | ($0.15) | ($0.32) | ($0.55) | ($0.68) | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.59M | $1.67M | $2.57M | $4.27M | $4.83M | $2.83M |
| Accounts Receivable | $3.59M | $416.0K | $793.0K | $880.0K | $865.0K | $1.33M |
| Inventory | $4.78M | $3.57M | $4.02M | $3.78M | $3.94M | $2.48M |
| Accounts Payable | $5.03M | $137.0K | $436.0K | $286.0K | $753.0K | $536.0K |
| Current Assets | $11.30M | $5.96M | $7.59M | $9.14M | $10.05M | $7.50M |
| Total Assets | $15.59M | $11.14M | $13.46M | $16.05M | $18.24M | $14.58M |
| Current Liabilities | $11.38M | $7.02M | $9.70M | $9.26M | $9.51M | $9.00M |
| Long-term Debt | $434.0K | $870.0K | $1.33M | $1.87M | $2.57M | $2.91M |
| Total Liabilities | $12.81M | $8.89M | $12.26M | $12.56M | $13.61M | $12.01M |
| Stockholders' Equity | $2.78M | $2.20M | $1.15M | $3.45M | $4.59M | $2.52M |
| Retained Earnings | ($189.81M) | ($188.68M) | ($186.65M) | ($183.96M) | ($181.21M) | ($178.36M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.21M | ($365.0K) | ($984.0K) | ($1.51M) | ($1.74M) | ($1.00M) |
| Investing Cash Flow | ($595.0K) | ($101.0K) | ($321.0K) | ($113.0K) | $159.0K | $518.0K |
| Financing Cash Flow | ($622.0K) | ($449.0K) | ($456.0K) | $490.0K | $3.99M | $2.42M |
| CapEx | $569.0K | $123.0K | $200.0K | $280.0K | $118.0K | $271.0K |
| Free Cash Flow | $1.64M | ($488.0K) | ($1.18M) | ($1.79M) | ($1.85M) | ($1.27M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 5.7% | 20.3% | 16.8% | 19.8% | 21.8% | 26.2% |
| Operating margin | -3.7% | -56.9% | -56.9% | -45.4% | -82.7% | -34.4% |
| EBITDA margin | -2.0% | -45.1% | -40.2% | -32.1% | -63.8% | -20.5% |
| Net margin | -2.6% | -39.3% | -45.0% | -38.9% | -60.2% | -9.0% |
| Free cash flow margin | 3.8% | -9.4% | -19.8% | -25.4% | -39.2% | -21.0% |
| FCF / Net income | -1.45 | 0.24 | 0.44 | 0.65 | 0.65 | 2.34 |
| R&D / Revenue | 2.7% | 22.4% | 22.6% | 21.0% | 34.3% | 25.3% |
| SG&A / Revenue | 6.7% | 55.8% | 51.1% | 46.9% | 76.3% | 46.3% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -7.2% | -18.3% | -20.0% | -17.1% | -15.6% | -3.7% |
| Return on equity | -40.6% | -92.5% | -233.7% | -79.5% | -62.2% | -21.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.99 | 0.85 | 0.78 | 0.99 | 1.06 | 0.83 |
| Quick ratio | 0.57 | 0.34 | 0.37 | 0.58 | 0.64 | 0.56 |
| Cash ratio | 0.23 | 0.24 | 0.27 | 0.46 | 0.51 | 0.31 |
| Leverage | ||||||
| Debt / Equity | 0.16 | 0.40 | 1.15 | 0.54 | 0.56 | 1.15 |
| Debt / Assets | 0.03 | 0.08 | 0.10 | 0.12 | 0.14 | 0.20 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 5.61 | 5.06 | 11.69 | 4.65 | 3.98 | 5.78 |
| Liabilities / Assets | 0.82 | 0.80 | 0.91 | 0.78 | 0.75 | 0.82 |
| Efficiency | ||||||
| Asset turnover | 2.76 | 0.47 | 0.44 | 0.44 | 0.26 | 0.42 |
| Inventory turnover | 8.50 | 1.16 | 1.24 | 1.49 | 0.94 | 1.81 |
| Days sales outstanding | 30d | 29d | 48d | 46d | 67d | 80d |
| Days inventory outstanding | 43d | 316d | 295d | 244d | 388d | 202d |
| Days payable outstanding | 45d | 12d | 32d | 18d | 74d | 44d |
| Cash conversion cycle | 28d | 333d | 312d | 271d | 381d | 238d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 729.8% | -13.3% | -15.2% | 48.9% | -22.0% | -19.0% |
| Revenue CAGR (3y) | 82.7% | 3.1% | -0.5% | -2.0% | -19.9% | -13.0% |
| Revenue CAGR (5y) | 47.9% | -7.1% | -8.3% | -5.2% | -14.1% | -15.5% |
| Gross profit growth (YoY) | 130.9% | 4.6% | -27.9% | 35.2% | -35.0% | 251.8% |
| Operating income growth (YoY) | 45.9% | 13.4% | -6.4% | 18.3% | -87.7% | 43.1% |
| Net income growth (YoY) | 44.5% | 24.3% | 2.0% | 3.8% | -424.1% | 84.7% |
| EPS growth (YoY) | 53.1% | 41.8% | 19.1% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | 58.8% | 33.8% | 3.6% | -45.8% | 65.4% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 26.3% | 91.2% | -66.7% | -24.7% | 81.9% | 44.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-08-31.
Product / service
$43.01M totalOther Products$40.57M · 94.3%
LEDComponents$2.07M · 4.8%
Lighting Products$228.0K · 0.5%
LEDChips$149.0K · 0.3%
Geographic
$43.01M totalIN$38.10M · 88.6%
Specified Groups Of Countries Group One$2.73M · 6.4%
JP$2.18M · 5.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-7.79
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing SemiLEDs Corp against the 5 most active filers in the same SIC group.