LPTH · Lightpath Technologies 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.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | $15.06M | $7.42M | $9.17M | $8.40M | $7.32M | $7.70M | $8.08M | $8.47M |
| Cost of Revenue | $12.19M | $10.33M | $10.58M | $5.49M | $6.50M | $5.56M | $5.15M | $6.09M | $5.75M | $5.25M |
| Gross Profit | $6.96M | $6.02M | $4.48M | $1.93M | $2.66M | $2.84M | $2.17M | $1.61M | $2.33M | $3.22M |
| R&D | $757.9K | $764.4K | $867.4K | $764.4K | $757.9K | $476.4K | $607.7K | $570.0K | $639.9K | $466.2K |
| SG&A | $6.30M | $5.86M | $4.38M | $3.36M | $4.45M | $3.27M | $2.86M | $3.17M | $2.66M | $3.03M |
| Total Operating Expenses | $11.21M | $14.62M | $6.99M | $4.42M | $5.99M | $4.22M | $3.95M | $4.19M | $3.58M | $3.78M |
| D&A | $700.0K | $600.0K | $1.22M | - | - | $989.6K | - | - | $813.6K | - |
| Operating Income | ($4.25M) | ($8.60M) | ($2.51M) | ($2.48M) | ($3.32M) | ($1.38M) | ($1.78M) | ($2.58M) | ($1.25M) | ($556.5K) |
| Interest Expense | - | $169.1K | $268.9K | $169.1K | $486.8K | $149.4K | $53.8K | $37.6K | $57.6K | $50.3K |
| Income Tax | $91.4K | $30.6K | $81.3K | $44.5K | $100.0K | $15.6K | $76.1K | $5.8K | $39.5K | $55.0K |
| Net Income | ($4.11M) | ($9.41M) | ($2.89M) | ($2.61M) | ($3.58M) | ($1.62M) | ($1.71M) | ($2.60M) | ($1.34M) | ($694.1K) |
| EPS - Basic | ($0.07) | ($0.20) | ($0.07) | $0.07 | ($0.44) | ($0.04) | ($0.05) | ($0.07) | ($0.04) | ($0.03) |
| EPS - Diluted | ($0.07) | ($0.20) | ($0.07) | $0.07 | ($0.44) | ($0.04) | ($0.05) | ($0.07) | ($0.04) | ($0.03) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $55.24M | $4.88M | $11.51M | $4.88M | $6.48M | $4.28M | $3.54M | $3.16M | $4.32M | $4.69M |
| Accounts Receivable | $10.80M | $8.58M | $9.59M | $9.46M | $7.65M | $5.20M | $4.93M | $4.66M | $6.63M | - |
| Inventory | $13.34M | $13.49M | $12.86M | $12.86M | $12.69M | $6.79M | $6.55M | $6.83M | $7.50M | $7.41M |
| Accounts Payable | $6.03M | $5.98M | $5.50M | $7.42M | $5.74M | $2.66M | $3.23M | $2.80M | $2.91M | $2.57M |
| Current Assets | $83.00M | $97.00M | $35.16M | $28.37M | $28.08M | $16.81M | $15.54M | $15.55M | $19.97M | $21.76M |
| Total Assets | $144.27M | $148.56M | $87.26M | $81.51M | $81.42M | $48.44M | $48.09M | $49.71M | $55.31M | $53.54M |
| Current Liabilities | $21.53M | $24.42M | $17.75M | $17.10M | $12.23M | $9.74M | $8.04M | $7.75M | $8.52M | $6.83M |
| Long-term Debt | - | - | $4.87M | $4.80M | $4.69M | $284.9K | $325.9K | $275.7K | $1.24M | $1.55M |
| Total Liabilities | $31.38M | $36.39M | $31.59M | $31.63M | $31.30M | $19.00M | $17.89M | $18.00M | $20.42M | $17.58M |
| Stockholders' Equity | $89.09M | $77.94M | $21.44M | $15.64M | $15.72M | $29.44M | $30.20M | $31.71M | $34.89M | $35.95M |
| Retained Earnings | ($247.12M) | ($243.02M) | ($233.61M) | ($230.72M) | ($223.66M) | ($217.47M) | ($215.84M) | ($213.49M) | ($209.18M) | ($207.84M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($1.14M) | - | - | ($1.70M) | - | - | $1.14M | - |
| Investing Cash Flow | - | - | ($77.0K) | - | - | ($194.1K) | - | - | ($1.16M) | - |
| Financing Cash Flow | - | - | $7.78M | - | - | $2.61M | - | - | ($213.9K) | - |
| CapEx | - | - | $77.0K | - | - | $79.7K | - | - | $955.0K | - |
| Free Cash Flow | - | - | ($1.22M) | - | - | ($1.78M) | - | - | $185.0K | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | 29.8% | 26.0% | 29.1% | 33.9% | 29.6% | 20.9% | 28.9% | 38.1% |
| Operating margin | - | - | -16.6% | -33.5% | -36.3% | -16.4% | -24.4% | -33.6% | -15.5% | -6.6% |
| EBITDA margin | - | - | -8.5% | - | - | -4.6% | - | - | -5.4% | - |
| Net margin | - | - | -19.2% | -35.2% | -39.1% | -19.3% | -23.4% | -33.7% | -16.6% | -8.2% |
| Free cash flow margin | - | - | -8.1% | - | - | -21.2% | - | - | 2.3% | - |
| FCF / Net income | - | - | 0.42 | - | - | 1.10 | - | - | -0.14 | - |
| R&D / Revenue | - | - | 5.8% | 10.3% | 8.3% | 5.7% | 8.3% | 7.4% | 7.9% | 5.5% |
| SG&A / Revenue | - | - | 29.1% | 45.2% | 48.5% | 38.9% | 39.1% | 41.2% | 32.9% | 35.8% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -2.8% | -6.3% | -3.3% | -3.2% | -4.4% | -3.3% | -3.6% | -5.2% | -2.4% | -1.3% |
| Return on equity | -4.6% | -12.1% | -13.5% | -16.7% | -22.8% | -5.5% | -5.7% | -8.2% | -3.8% | -1.9% |
| Return on invested capital | - | - | -7.5% | -9.6% | -12.9% | -3.7% | -4.6% | -6.4% | -2.7% | -1.2% |
| Liquidity | ||||||||||
| Current ratio | 3.86 | 3.97 | 1.98 | 1.66 | 2.30 | 1.73 | 1.93 | 2.01 | 2.34 | 3.18 |
| Quick ratio | 3.24 | 3.42 | 1.26 | 0.91 | 1.26 | 1.03 | 1.12 | 1.13 | 1.46 | 2.10 |
| Cash ratio | 2.57 | 0.20 | 0.65 | 0.29 | 0.53 | 0.44 | 0.44 | 0.41 | 0.51 | 0.69 |
| Leverage | ||||||||||
| Debt / Equity | - | - | 0.23 | 0.31 | 0.30 | 0.01 | 0.01 | 0.01 | 0.04 | 0.04 |
| Debt / Assets | - | - | 0.06 | 0.06 | 0.06 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -50.9x | -9.3x | -14.7x | -6.8x | -9.2x | -33.2x | -68.6x | -21.7x | -11.1x |
| Equity multiplier | 1.62 | 1.91 | 4.07 | 5.21 | 5.18 | 1.65 | 1.59 | 1.57 | 1.59 | 1.49 |
| Liabilities / Assets | 0.22 | 0.24 | 0.36 | 0.39 | 0.38 | 0.39 | 0.37 | 0.36 | 0.37 | 0.33 |
| Efficiency | ||||||||||
| Asset turnover | - | - | 0.17 | 0.09 | 0.11 | 0.17 | 0.15 | 0.15 | 0.15 | 0.16 |
| Inventory turnover | 0.91 | 0.77 | 0.82 | 0.43 | 0.51 | 0.82 | 0.79 | 0.89 | 0.77 | 0.71 |
| Days sales outstanding | - | - | 233d | 465d | 305d | 226d | 246d | 221d | 300d | - |
| Days inventory outstanding | 399d | 477d | 444d | 854d | 712d | 446d | 465d | 409d | 477d | 515d |
| Days payable outstanding | 181d | 211d | 190d | 493d | 322d | 175d | 229d | 168d | 185d | 179d |
| Cash conversion cycle | - | - | 487d | 826d | 695d | 497d | 481d | 462d | 592d | - |
| Valuation | ||||||||||
| P / E | - | - | - | 44.0x | - | - | - | - | - | - |
| P / B | 6.6x | 6.5x | 16.0x | 7.8x | 5.3x | 1.8x | 1.6x | 1.7x | 1.6x | 1.0x |
| P / S | - | - | 22.8x | 16.5x | 9.1x | 6.5x | 6.5x | 6.8x | 6.7x | 4.3x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | 79.3% | 1.5% | 19.1% | 4.0% | -13.7% | 3.9% | 9.6% | - |
| Revenue CAGR (3y) | - | - | 26.9% | - | 3.3% | - | -7.5% | -10.4% | -3.9% | -4.1% |
| Revenue CAGR (5y) | - | - | 10.6% | -5.0% | 1.0% | 2.2% | -3.1% | -2.0% | -1.1% | - |
| Gross profit growth (YoY) | 161.1% | 211.8% | 57.6% | -11.0% | 65.9% | 22.0% | -32.8% | -36.6% | 4.4% | - |
| Operating income growth (YoY) | -27.9% | -246.1% | -82.0% | -39.3% | -28.7% | -10.1% | -220.5% | -169.0% | -1.2% | - |
| Net income growth (YoY) | -14.6% | -260.1% | -78.3% | -52.4% | -37.9% | -20.9% | -146.9% | -123.3% | 2.8% | - |
| EPS growth (YoY) | 84.1% | - | -75.0% | - | -528.6% | 0.0% | -66.7% | -133.3% | 20.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | 18.5% | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 31.5% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 466.6% | 398.2% | -27.2% | -48.2% | -50.4% | -15.6% | -16.0% | -14.0% | 25.8% | 20.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Product / service
$37.20M totalInfrared Components$14.31M · 38.5%
Visible Components$11.74M · 31.5%
Assemblies And Modules$7.97M · 21.4%
Engineering Services$3.19M · 8.6%
Geographic
$14.25M totalOther European Countries$9.10M · 63.9%
CN$2.91M · 20.4%
Rest Of World$1.23M · 8.7%
Other Asian Countries$1.00M · 7.0%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing LIGHTPATH TECHNOLOGIES INC against the 5 most active filers in the same SIC group.