LSAK · Lesaka 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $659.70M | $564.22M | $527.97M | $222.61M | $130.79M | $236.37M |
| Cost of Revenue | $486.55M | $442.67M | $417.54M | $168.32M | $96.25M | $109.01M |
| Gross Profit | $173.16M | $121.55M | $110.43M | $54.29M | $34.54M | $127.37M |
| R&D | $500.0K | $500.0K | $500.0K | $500.0K | $300.0K | $1.60M |
| SG&A | $131.51M | $92.00M | $95.05M | $74.99M | $84.06M | $75.26M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $33.72M | $23.66M | $23.68M | $7.58M | $4.35M | $13.30M |
| Operating Income | ($27.10M) | $3.59M | ($15.35M) | ($40.20M) | ($53.87M) | ($44.25M) |
| Interest Expense | $21.45M | $18.93M | $18.57M | $5.83M | $2.98M | $7.64M |
| Income Tax | ($18.20M) | $3.36M | ($2.31M) | $327.0K | $7.56M | $2.66M |
| Net Income | ($87.50M) | ($17.44M) | ($35.07M) | ($43.88M) | ($38.06M) | ($78.36M) |
| EPS - Basic | ($1.14) | ($0.27) | ($0.56) | ($0.75) | ($0.67) | ($1.37) |
| EPS - Diluted | ($1.14) | ($0.27) | ($0.56) | ($0.75) | ($0.67) | ($1.37) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $76.52M | $59.06M | $35.50M | $104.80M | $198.57M | $90.05M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $23.55M | $18.23M | $27.34M | $34.23M | $22.36M | $19.86M |
| Accounts Payable | $19.87M | $16.67M | $12.38M | $18.57M | $7.11M | $6.29M |
| Current Assets | $243.92M | $187.70M | $163.64M | $217.73M | $294.32M | $319.31M |
| Total Assets | $653.71M | $558.45M | $542.23M | $656.57M | $428.33M | $453.68M |
| Current Liabilities | $160.47M | $118.05M | $101.91M | $145.87M | $52.49M | $71.30M |
| Long-term Debt | $188.81M | $139.31M | $129.46M | $134.84M | - | - |
| Total Liabilities | $392.33M | $303.16M | $283.33M | $342.22M | $67.37M | $78.49M |
| Stockholders' Equity | $165.59M | $175.86M | $179.48M | $234.92M | $275.98M | $290.21M |
| Retained Earnings | $222.72M | $310.22M | $327.66M | $362.74M | $406.61M | $444.67M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($9.12M) | $28.79M | $410.0K | ($37.20M) | ($58.37M) | ($46.05M) |
| Investing Cash Flow | ($11.34M) | ($16.41M) | ($16.46M) | ($193.69M) | $47.77M | $223.12M |
| Financing Cash Flow | $29.73M | ($7.11M) | ($19.12M) | $122.26M | ($13.08M) | ($48.84M) |
| CapEx | $17.20M | $12.66M | $16.16M | $4.56M | $4.29M | $5.94M |
| Free Cash Flow | ($26.32M) | $16.12M | ($15.75M) | ($41.76M) | ($62.66M) | ($51.98M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 26.2% | 21.5% | 20.9% | 24.4% | 26.4% | 53.9% |
| Operating margin | -4.1% | 0.6% | -2.9% | -18.1% | -41.2% | -18.7% |
| EBITDA margin | 1.0% | 4.8% | 1.6% | -14.7% | -37.9% | -13.1% |
| Net margin | -13.3% | -3.1% | -6.6% | -19.7% | -29.1% | -33.2% |
| Free cash flow margin | -4.0% | 2.9% | -3.0% | -18.8% | -47.9% | -22.0% |
| FCF / Net income | 0.30 | -0.92 | 0.45 | 0.95 | 1.65 | 0.66 |
| R&D / Revenue | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.7% |
| SG&A / Revenue | 19.9% | 16.3% | 18.0% | 33.7% | 64.3% | 31.8% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -13.4% | -3.1% | -6.5% | -6.7% | -8.9% | -17.3% |
| Return on equity | -52.8% | -9.9% | -19.5% | -18.7% | -13.8% | -27.0% |
| Return on invested capital | -6.0% | 0.9% | -3.9% | -8.6% | - | - |
| Liquidity | ||||||
| Current ratio | 1.52 | 1.59 | 1.61 | 1.49 | 5.61 | 4.48 |
| Quick ratio | 1.37 | 1.44 | 1.34 | 1.26 | 5.18 | 4.20 |
| Cash ratio | 0.48 | 0.50 | 0.35 | 0.72 | 3.78 | 1.26 |
| Leverage | ||||||
| Debt / Equity | 1.14 | 0.79 | 0.72 | 0.57 | - | - |
| Debt / Assets | 0.29 | 0.25 | 0.24 | 0.21 | - | - |
| Debt / EBITDA | 28.52 | 5.11 | 15.53 | - | - | - |
| Interest coverage | -1.3x | 0.2x | -0.8x | -6.9x | -18.1x | -5.8x |
| Equity multiplier | 3.95 | 3.18 | 3.02 | 2.79 | 1.55 | 1.56 |
| Liabilities / Assets | 0.60 | 0.54 | 0.52 | 0.52 | 0.16 | 0.17 |
| Efficiency | ||||||
| Asset turnover | 1.01 | 1.01 | 0.97 | 0.34 | 0.31 | 0.52 |
| Inventory turnover | 20.66 | 24.29 | 15.27 | 4.92 | 4.30 | 5.49 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 18d | 15d | 24d | 74d | 85d | 67d |
| Days payable outstanding | 15d | 14d | 11d | 40d | 27d | 21d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 2.0x | 1.6x | - | - | - | - |
| P / S | 0.5x | 0.5x | - | - | - | - |
| EV / EBITDA | 67.1x | 13.5x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 16.9% | 6.9% | 137.2% | 70.2% | -44.7% | -34.5% |
| Revenue CAGR (3y) | 43.6% | 62.8% | 30.7% | -14.9% | -40.2% | -27.1% |
| Revenue CAGR (5y) | 22.8% | 9.3% | -2.9% | -18.3% | -26.0% | -17.7% |
| Gross profit growth (YoY) | 42.5% | 10.1% | 103.4% | 57.2% | -72.9% | -12.5% |
| Operating income growth (YoY) | - | - | 61.8% | 25.4% | -21.8% | 61.0% |
| Net income growth (YoY) | -401.7% | 50.3% | 20.1% | -15.3% | 51.4% | 74.5% |
| EPS growth (YoY) | -322.2% | 51.8% | 25.3% | -11.9% | 51.1% | 74.7% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 62.3% | 33.4% | -20.5% | -274.6% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -5.8% | -2.0% | -23.6% | -14.9% | -4.9% | -9.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Business segments
$659.70M totalMerchant Segment$524.25M · 79.5%
Consumer Segment$96.01M · 14.6%
Enterprisesegment$39.44M · 6.0%
Product / service
$1.24B totalService$613.20M · 49.5%
Prepaid Airtime Sold$365.16M · 29.5%
Processing Fees$125.29M · 10.1%
Loan Based Fees Received$37.34M · 3.0%
Lending Revenue$28.53M · 2.3%
Technology Products$22.19M · 1.8%
Insurance Revenue$20.05M · 1.6%
Product$9.16M · 0.7%
Account Holder Fees$7.31M · 0.6%
Interest From Customer$7.23M · 0.6%
Other Products And Services$4.37M · 0.4%
Geographic
$524.25M totalZA$489.39M · 93.4%
Rest Of World$34.85M · 6.6%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.44
Grey zone
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: Functions Related To Depository Banking, NEC
Comparing LESAKA TECHNOLOGIES INC against the 2 most active filers in the same SIC group.