NASDAQ · Hardware, Equipment & Parts

LightPath Technologies, Inc. (LPTH) Stock

$7.29 +3.85% NASDAQ: LPTH Technology

Valuation

MetricValue
Price$7.29
Market Cap$510.56M
P/E Ratio-27.28
P/B Ratio3.68
P/S Ratio9.57
EPS (TTM)$0.13
52-Week High$18.94
52-Week Low$5.83
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE-22.17%
ROA-10.59%
ROCE-0.70%
Gross Margin30.62%
Operating Margin-12.01%
Net Margin-28.65%
Debt/Equity0.07
Current Ratio1.65

Annual Financials (USD)

Metric20222023202420252026
Revenue$36.0M$33.0M$32.0M$37.0M$72.0M
Operating Profit$-3.0M$-4.0M$-8.0M$-12.0M$-1.0M
Net Profit$-4.0M$-4.0M$-8.0M$-15.0M$-21.0M
EPS$-0.13$-0.13$-0.21$-0.36$-0.38
Op Margin-7.4%-10.8%-24.7%-31.8%-1.6%

Balance Sheet (USD)

Metric20222023202420252026
Total Assets$51.0M$54.0M$48.0M$82.0M$194.0M
Total Liabilities$21.0M$18.0M$18.0M$66.0M$36.0M
Cash$6.0M$5.0M$3.0M$5.0M$93.20T
Borrowings$15.0M$12.0M$10.0M$15.0M$11.0M

Latest News

LightPath Technologies Secures $11 Million Subsequent Order for Infrared Cameras MT Newswires · Jul 15, 2026 LightPath Technologies shares climb after securing $11 million infrared camera contract (LPTH) InvestorsHub · Jul 15, 2026 LightPath Technologies Receives $11 Million Follow-on Order for Infrared Cameras from Leading Global Technology Customer PR Newswire · Jul 15, 2026 Does LightPath Technologies' (LPTH) Russell Index Debut Quietly Reframe Its Small‑Cap Investment Narrative? Simply Wall St. · Jun 30, 2026 LightPath Technologies Joins Russell 3000® Index PR Newswire · Jun 29, 2026

Cash Flow (USD)

Metric20222023202420252026
Operating Cash Flow$1.0M$-3.0M$1.0M$-8.0M$-10.0M
Investing Cash Flow$-3.0M$-6.0M$-5.0M$-21.0M$-19.0M
Financing Cash Flow$0$0$0$4.0M$-4.0M
Net Cash Flow$-1.0M$2.0M$-4.0M$1.0M$88.0M
Free Cash Flow$0$-6.0M$-2.0M$-10.0M$-16.0M

Valuation & Return Ratios

MetricValue
PEG Ratio1.06
EV / EBITDA11215922.59
FCF Yield-1318500.19%
Quick Ratio-687829.92
Interest Coverage-0.07
Return 1Y285.36%
Return 3Y565.05%
Return 5Y423.64%

Ownership

Insiders Held1.14%
Institutions Held61.68%
Institutions Float Held62.39%
Institutional HolderSharesReport Date
Vanguard Capital Management LLC2,584,2602026-03-31
Goldman Sachs Group Inc2,476,8992026-03-31
Hood River Capital Management LLC2,435,7632026-03-31
Driehaus Capital Management, LLC2,164,7082026-03-31
AWM Investment Company, Inc.2,037,6102026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
COHRCoherent Corp. $209.29 +0.71% 67.17 $41.22B 0.00%
FNFabrinet $314.94 -0.86% 32.11 $11.29B 0.00%
GLWCorning Incorporated $123.69 -0.24% 71.83 $106.55B 0.71%
IPGPIPG Photonics Corporation $71.07 +2.39% 128.05 $3.02B 0.00%
LASRnLIGHT, Inc. $36.34 +0.66% -162.78 $2.10B 0.00%

About LightPath Technologies, Inc.

LightPath Technologies, Inc. is led by CEO Shmuel Rubin, employs 304 people, headquartered in US, publicly traded since 1996.

LightPath Technologies, Inc. (LPTH) stock trades at $7.29 with a market capitalization of $510.56M. The stock is valued at a negative price-to-earnings (P/E) ratio of -27.28, reflecting a net loss over the last twelve months, price-to-book of 3.68, price-to-sales of 9.57. Over the past 52 weeks the stock has ranged between $5.83 and $18.94, and currently trades 61.5% below its 52-week high.

On profitability, LightPath Technologies, Inc. generates a return on equity (ROE) of -22.17% (negative, reflecting a net loss), return on capital employed of -0.70%, an operating margin of -12.01%, a net profit margin of -28.65%.

LightPath Technologies, Inc. by the numbers, 2017–2026

Between 2017 and 2026 LightPath Technologies, Inc. reported revenue of $28.0M rising to $72.0M, a change of +157.1% across 10 years. Compounded, revenue has grown 13.6% a year over five years, 29.7% over three, 94.6% over the last twelve months. Net profit fell to $-21.0M.

Operating margin went from 14.6% in 2017 to -1.6% in 2026, a fall of 16.2 percentage points. The most recent net margin is -28.65%. On a trailing twelve-month basis to Jun '26, revenue is $71.0M and net profit $-20.0M.

Borrowings held roughly flat from $11.0M to $11.0M, cash from operations was $-10.0M in the latest year, positive in 6 of the last 10.

Return on equity has averaged -31.6% over five years, and was -13.3% in the most recent year.

The share price itself has compounded at 43.1% a year over five years, 121.8% over three, 378.7% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

LightPath Technologies, Inc. (LPTH) — frequently asked questions

What is LightPath Technologies, Inc. (LPTH) stock price today?

LightPath Technologies, Inc. (LPTH) is currently trading at $7.29, up 3.85% today.

What is LPTH P/E ratio?

LightPath Technologies, Inc.'s P/E ratio is -27.28. A negative P/E means the company reported a net loss over the last twelve months, so P/E is not a meaningful valuation measure for it right now.

What is LPTH return on equity (ROE)?

LightPath Technologies, Inc.'s return on equity (ROE) is -22.17%. ROE measures net income relative to shareholders' equity. A negative ROE means the company reported a net loss over the period.

What is LightPath Technologies, Inc.'s market cap?

LightPath Technologies, Inc. has a market capitalization of $510.56M.

Does LPTH pay a dividend?

LightPath Technologies, Inc. is not currently showing a dividend yield in our data, which means no recent cash dividend was recorded for it.

How much debt does LPTH carry?

LightPath Technologies, Inc. has a debt-to-equity ratio of 0.07. That compares total borrowings with shareholders' equity: a figure under 1 means equity exceeds debt.

What is LPTH's profit margin?

LightPath Technologies, Inc. reports a net profit margin of -28.65% — the share of revenue left after every cost, including tax and interest.

What sector is LPTH in?

LightPath Technologies, Inc. is classified under Technology, in the Hardware, Equipment & Parts industry. Ratios are most informative compared with other companies in the same industry rather than across the whole market.

Which exchange is LPTH listed on?

LightPath Technologies, Inc. trades on NASDAQ under the ticker LPTH.

What is LPTH's 52-week range?

Over the last year LightPath Technologies, Inc. has traded between $5.83 and $18.94.

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Screens LPTH currently matches

On the figures above, LightPath Technologies, Inc. passes the filters for 5 of our ready-made screens, among them Small Cap Stocks, Stocks Under $10, Stocks Under $100. Appearing on a screen means the numbers meet its filters today and nothing more; the list is rebuilt whenever the data changes.

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