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 | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06M | $2.57M | $17.65M | $10.87M | $1.26M | $1.32M | $886.0K | $1.65M | $1.68M | $1.15M |
| Cost of Revenue | $1.06M | $2.55M | $16.71M | $9.87M | $1.00M | $780.0K | $774.0K | $1.41M | $1.44M | $890.0K |
| Gross Profit | $6.0K | $18.0K | $939.0K | $1.00M | $260.0K | $543.0K | $112.0K | $245.0K | $241.0K | $262.0K |
| R&D | $276.0K | $356.0K | $292.0K | $279.0K | $221.0K | $320.0K | $251.0K | $372.0K | $372.0K | $295.0K |
| SG&A | $575.0K | $703.0K | $709.0K | $614.0K | $696.0K | $696.0K | $693.0K | $742.0K | $850.0K | $669.0K |
| Total Operating Expenses | $851.0K | $1.03M | $1.00M | $893.0K | $917.0K | $1.02M | $944.0K | $1.06M | $1.22M | $964.0K |
| D&A | - | $181.0K | - | - | $156.0K | - | - | $154.0K | - | - |
| Operating Income | ($845.0K) | ($1.01M) | ($62.0K) | $110.0K | ($657.0K) | ($473.0K) | ($832.0K) | ($819.0K) | ($981.0K) | ($702.0K) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($603.0K) | ($742.0K) | $223.0K | $388.0K | ($547.0K) | ($319.0K) | ($559.0K) | ($598.0K) | ($756.0K) | ($541.0K) |
| EPS - Basic | ($0.07) | ($0.09) | $0.03 | $0.05 | ($0.08) | ($0.04) | ($0.11) | ($0.12) | ($0.15) | ($0.11) |
| EPS - Diluted | ($0.07) | ($0.09) | $0.03 | $0.05 | ($0.08) | ($0.04) | ($0.11) | ($0.12) | ($0.15) | ($0.11) |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.98M | $2.89M | $2.59M | $2.38M | $1.25M | $1.67M | $1.61M | $2.32M | $2.57M | $3.86M |
| Accounts Receivable | $1.65M | $1.87M | $3.59M | $280.0K | $261.0K | $416.0K | $748.0K | $897.0K | $793.0K | $530.0K |
| Inventory | $4.88M | $3.92M | $4.78M | $13.53M | $3.72M | $3.57M | $3.75M | $3.90M | $4.02M | $4.26M |
| Accounts Payable | $2.16M | $1.59M | $5.03M | $445.0K | $340.0K | $137.0K | $179.0K | $409.0K | $436.0K | $508.0K |
| Current Assets | $12.45M | $10.25M | $11.30M | $18.24M | $5.49M | $5.96M | $6.44M | $7.34M | $7.59M | $8.88M |
| Total Assets | $16.26M | $14.23M | $15.59M | $23.19M | $10.40M | $11.14M | $12.02M | $13.16M | $13.46M | $15.20M |
| Current Liabilities | $13.64M | $10.92M | $11.38M | $17.97M | $7.11M | $7.02M | $6.64M | $9.90M | $9.70M | $9.53M |
| Long-term Debt | $193.0K | $308.0K | $434.0K | $626.0K | $744.0K | $870.0K | $1.11M | $1.24M | $1.33M | $1.63M |
| Total Liabilities | $14.76M | $12.16M | $12.81M | $19.59M | $8.82M | $8.89M | $8.93M | $12.41M | $12.26M | $12.52M |
| Stockholders' Equity | $1.50M | $2.07M | $2.78M | $3.60M | $1.58M | $2.20M | $3.04M | $704.0K | $1.15M | $2.63M |
| Retained Earnings | ($191.16M) | ($190.55M) | ($189.81M) | ($188.84M) | ($189.23M) | ($188.68M) | ($187.80M) | ($187.24M) | ($186.65M) | ($185.01M) |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $361.0K | - | - | ($158.0K) | - | - | ($79.0K) | - | - |
| Investing Cash Flow | - | ($1.0K) | - | - | ($122.0K) | - | - | ($12.0K) | - | - |
| Financing Cash Flow | - | ($116.0K) | - | - | ($244.0K) | - | - | ($114.0K) | - | - |
| CapEx | - | $30.0K | - | - | $118.0K | - | - | $50.0K | - | - |
| Free Cash Flow | - | $331.0K | - | - | ($276.0K) | - | - | ($129.0K) | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 0.6% | 0.7% | 5.3% | 9.2% | 20.6% | 41.0% | 12.6% | 14.8% | 14.4% | 22.7% |
| Operating margin | -79.4% | -39.4% | -0.4% | 1.0% | -52.1% | -35.8% | -93.9% | -49.6% | -58.4% | -60.9% |
| EBITDA margin | - | -32.3% | - | - | -39.7% | - | - | -40.3% | - | - |
| Net margin | -56.7% | -28.9% | 1.3% | 3.6% | -43.4% | -24.1% | -63.1% | -36.2% | -45.0% | -47.0% |
| Free cash flow margin | - | 12.9% | - | - | -21.9% | - | - | -7.8% | - | - |
| FCF / Net income | - | -0.45 | - | - | 0.50 | - | - | 0.22 | - | - |
| R&D / Revenue | 25.9% | 13.9% | 1.7% | 2.6% | 17.5% | 24.2% | 28.3% | 22.5% | 22.2% | 25.6% |
| SG&A / Revenue | 54.0% | 27.4% | 4.0% | 5.6% | 55.2% | 52.6% | 78.2% | 45.0% | 50.6% | 58.1% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.7% | -5.2% | 1.4% | 1.7% | -5.3% | -2.9% | -4.7% | -4.5% | -5.6% | -3.6% |
| Return on equity | -40.1% | -35.9% | 8.0% | 10.8% | -34.6% | -14.5% | -18.4% | -84.9% | -65.7% | -20.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.91 | 0.94 | 0.99 | 1.02 | 0.77 | 0.85 | 0.97 | 0.74 | 0.78 | 0.93 |
| Quick ratio | 0.55 | 0.58 | 0.57 | 0.26 | 0.25 | 0.34 | 0.40 | 0.35 | 0.37 | 0.48 |
| Cash ratio | 0.29 | 0.26 | 0.23 | 0.13 | 0.18 | 0.24 | 0.24 | 0.23 | 0.27 | 0.40 |
| Leverage | ||||||||||
| Debt / Equity | 0.13 | 0.15 | 0.16 | 0.17 | 0.47 | 0.40 | 0.36 | 1.76 | 1.15 | 0.62 |
| Debt / Assets | 0.01 | 0.02 | 0.03 | 0.03 | 0.07 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 10.81 | 6.88 | 5.61 | 6.45 | 6.58 | 5.06 | 3.95 | 18.69 | 11.69 | 5.77 |
| Liabilities / Assets | 0.91 | 0.85 | 0.82 | 0.84 | 0.85 | 0.80 | 0.74 | 0.94 | 0.91 | 0.82 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | 0.18 | 1.13 | 0.47 | 0.12 | 0.12 | 0.07 | 0.13 | 0.12 | 0.08 |
| Inventory turnover | 0.22 | 0.65 | 3.50 | 0.73 | 0.27 | 0.22 | 0.21 | 0.36 | 0.36 | 0.21 |
| Days sales outstanding | 566d | 265d | 74d | 9d | 76d | 115d | 308d | 198d | 172d | 168d |
| Days inventory outstanding | 1685d | 561d | 104d | 500d | 1357d | 1672d | 1769d | 1012d | 1021d | 1747d |
| Days payable outstanding | 744d | 227d | 110d | 16d | 124d | 64d | 84d | 106d | 111d | 208d |
| Cash conversion cycle | 1507d | 600d | 69d | 493d | 1309d | 1723d | 1993d | 1104d | 1083d | 1706d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -90.2% | 103.7% | 1234.2% | 1127.1% | -23.6% | -21.2% | -23.1% | -2.7% | -5.9% | -47.1% |
| Revenue CAGR (3y) | -2.6% | 14.9% | 114.7% | 71.0% | -4.9% | -2.8% | -9.8% | 31.9% | 2.3% | -9.2% |
| Revenue CAGR (5y) | -2.5% | 29.0% | 62.3% | 47.9% | -4.2% | -5.4% | -11.5% | 11.2% | -4.5% | -5.7% |
| Gross profit growth (YoY) | -99.4% | -93.1% | 72.9% | 795.5% | 6.1% | 125.3% | -57.3% | -47.1% | -28.3% | -49.9% |
| Operating income growth (YoY) | - | -53.9% | 86.9% | - | 19.8% | 51.8% | -18.5% | -25.2% | -26.7% | -85.2% |
| Net income growth (YoY) | - | -35.6% | - | - | 8.5% | 57.8% | -3.3% | -16.8% | 17.5% | -214.5% |
| EPS growth (YoY) | - | -12.5% | - | - | 33.3% | 73.3% | 0.0% | -9.1% | -650.0% | -175.0% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | -9.0% | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -114.0% | - | - | - | - | - |
| FCF CAGR (5y) | - | 47.8% | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -58.2% | 30.9% | 26.3% | 18.1% | 124.4% | 91.2% | 15.6% | -76.6% | -66.7% | -36.2% |
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%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing SemiLEDs Corp against the 5 most active filers in the same SIC group.