CoverageForm 410-K10-Q8-K13D13G13F

LNSR · Lensar, Inc. - 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.

Price · LNSR

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$58.44M$53.49M$42.16M$35.36M$34.46M$26.38M
Cost of Revenue$31.31M$27.64M$21.06M$15.40M$16.63M$12.31M
Gross Profit$27.12M$25.85M$21.11M$19.95M$17.83M$14.07M
R&D$5.62M$5.33M$6.14M$11.81M$12.36M$7.55M
SG&A$45.16M$26.49M$26.10M$27.17M$23.89M$23.77M
Total Operating Expenses$51.70M$36.52M----
D&A$3.58M$2.96M$2.42M$2.26M$1.52M$1.31M
Operating Income($24.58M)($10.66M)($12.23M)($20.18M)($19.65M)($18.50M)
Interest Expense-----$1.34M
Income Tax------
Net Income($34.28M)($31.40M)($14.38M)($19.91M)($19.60M)($19.77M)
EPS - Basic($2.87)($2.73)($1.31)($1.96)--
EPS - Diluted($2.87)($2.73)($1.31)($2.09)--

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$12.97M$16.26M$20.62M$14.67M$31.64M$4.62M
Accounts Receivable$6.38M$6.08M$4.00M$6.04M$4.64M$2.01M
Inventory$21.52M$11.43M$15.69M$11.74M$6.49M$13.47M
Accounts Payable$18.98M$6.00M$4.01M$5.42M$2.69M$2.48M
Current Assets$46.77M$41.98M$46.44M$33.72M$44.81M$58.38M
Total Assets$71.43M$66.30M$69.58M$55.84M$66.47M$79.12M
Current Liabilities$40.57M$15.00M$11.63M$11.42M$8.71M$8.47M
Long-term Debt------
Total Liabilities$83.67M$47.65M$22.41M$13.86M$11.59M$11.91M
Stockholders' Equity($26.02M)$4.86M$33.43M$41.98M$54.88M$67.21M
Retained Earnings($177.57M)($143.29M)($111.89M)($97.51M)($77.59M)($57.99M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow($14.83M)($2.27M)($9.66M)($14.86M)($8.97M)($13.79M)
Investing Cash Flow$1.28M($2.16M)($4.16M)($115.0K)($354.0K)($326.0K)
Financing Cash Flow$10.26M$78.0K$19.76M($1.99M)$361.0K$50.00M
CapEx$83.0K$156.0K$236.0K$115.0K$354.0K$366.0K
Free Cash Flow($14.91M)($2.43M)($9.89M)($14.97M)($9.32M)($14.16M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin46.4%48.3%50.1%56.4%51.8%53.4%
Operating margin-42.1%-19.9%-29.0%-57.1%-57.0%-70.1%
EBITDA margin-35.9%-14.4%-23.3%-50.7%-52.6%-65.2%
Net margin-58.7%-58.7%-34.1%-56.3%-56.9%-75.0%
Free cash flow margin-25.5%-4.5%-23.5%-42.3%-27.1%-53.7%
FCF / Net income0.440.080.690.750.480.72
R&D / Revenue9.6%10.0%14.6%33.4%35.9%28.6%
SG&A / Revenue77.3%49.5%61.9%76.8%69.3%90.1%
Effective tax rate------
Return on assets-48.0%-47.4%-20.7%-35.7%-29.5%-25.0%
Return on equity131.7%-645.9%-43.0%-47.4%-35.7%-29.4%
Return on invested capital------
Liquidity
Current ratio1.152.803.992.955.146.90
Quick ratio0.622.042.641.924.405.30
Cash ratio0.321.081.771.283.630.55
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage------13.8x
Equity multiplier-2.7513.642.081.331.211.18
Liabilities / Assets1.170.720.320.250.170.15
Efficiency
Asset turnover0.820.810.610.630.520.33
Inventory turnover1.462.421.341.312.560.91
Days sales outstanding40d42d35d62d49d28d
Days inventory outstanding251d151d272d278d142d400d
Days payable outstanding221d79d69d128d59d74d
Cash conversion cycle69d113d237d212d132d354d
Valuation
P / E------
P / B-21.2x1.2x0.7x--
P / S2.4x1.9x0.9x0.8x--
EV / EBITDA------
Growth
Revenue growth (YoY)9.2%26.9%19.2%2.6%30.6%-
Revenue CAGR (3y)18.2%15.8%16.9%---
Revenue CAGR (5y)17.2%-----
Gross profit growth (YoY)4.9%22.5%5.8%11.9%26.7%-
Operating income growth (YoY)-130.5%12.8%39.4%-2.7%-6.2%-
Net income growth (YoY)-9.2%-118.3%27.8%-1.6%0.9%-
EPS growth (YoY)-5.1%-108.4%37.3%---
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)-513.5%75.4%33.9%-60.6%34.1%-
FCF CAGR (5y)------
Book value growth (YoY)--85.5%-20.4%-23.5%-18.3%-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$51.66M total
Product$45.93M · 88.9%
Service$5.73M · 11.1%

Geographic

$51.66M total
US$34.31M · 66.4%
Europe$8.43M · 16.3%
Asia Excluding South Korea$8.02M · 15.5%
KR$658.0K · 1.3%
Other Geographical Region$238.0K · 0.5%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

-2.43
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

2/9
Weak
  • 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: Surgical & Medical Instruments & Apparatus

CompanyRevenue (last FY)Net marginROE
BSX$20.07B14.4%12.0%
LMAT$249.60M23.1%14.7%
TNDM$1.01B-20.2%-131.9%
SYK$25.12B12.9%14.5%
MMM$24.95B13.0%69.1%

Comparing LENSAR against the 5 most active filers in the same SIC group.