NASDAQ · Financial Statements

LightPath Technologies, Inc. (LPTH) Financial Statements

$7.29 NASDAQ: LPTH Market Cap $510.56M

LightPath Technologies, Inc. most recently reported annual revenue of $72.0M, a net loss of $21.0M. Revenue grew at an average annual rate of 13.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

LightPath Technologies, Inc.: Revenue rose from $28.0M in 2017 to $72.0M in 2026, a change of +157.1% over 9 years; net profit was positive in 3 of 10 reported years; operating margin moved from 14.6% to -1.6%, a shift of -16.2 percentage points; the most recent year shows a net loss of $21.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$28.0M$33.0M$34.0M$35.0M$38.0M$36.0M$33.0M$32.0M$37.0M$72.0M
Operating Expenses$24.0M$32.0M$35.0M$33.0M$40.0M$38.0M$36.0M$40.0M$49.0M$73.0M
Operating Profit$4.0M$0$-2.0M$2.0M$-2.0M$-3.0M$-4.0M$-8.0M$-12.0M$-1.0M
Operating Margin14.6%1.1%-4.8%6.1%-4.8%-7.4%-10.8%-24.7%-31.8%-1.6%
Other Income$-1.0M$0$-1.0M$-1.0M$0$0$0$0$-3.0M$-19.0M
Interest$0$0$1.0M$0$0$0$0$0$1.0M$16.0M
Depreciation$2.0M$3.0M$3.0M$3.0M$4.0M$4.0M$3.0M$4.0M$4.0M$5.0M
Profit Before Tax$3.0M$0$-2.0M$2.0M$-2.0M$-3.0M$-4.0M$-8.0M$-15.0M$-20.0M
Tax$-129.1M$-354.9M$-20.5M$46.8M$-41.5M$-32.2M$-6.1M$-850,000$-250,000$-1.6M
Net Profit$8.0M$1.0M$-3.0M$1.0M$-3.0M$-4.0M$-4.0M$-8.0M$-15.0M$-21.0M
EPS$0.36$0.04$-0.10$0.03$-0.12$-0.13$-0.13$-0.21$-0.36$-0.38
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$8.0M$7.0M$8.0M$9.0M$8.0M$7.0M$9.0M$12.0M$15.0M$16.0M$19.0M$21.0M
Operating Expenses$9.0M$9.0M$10.0M$11.0M$10.0M$10.0M$12.0M$17.0M$18.0M$17.0M$20.0M$18.0M
Operating Profit$-1.0M$-2.0M$-3.0M$-2.0M$-1.0M$-2.0M$-3.0M$-5.0M$-3.0M$-1.0M$-1.0M$3.0M
Operating Margin-15.5%-24.4%-33.5%-25.6%-16.4%-33.5%-36.3%-38.0%-16.6%-6.3%-4.5%15.3%
Interest$0$0$0$0$0$0$0$0$0$0$0$15.0M
Profit Before Tax$-1.0M$-2.0M$-3.0M$-2.0M$-2.0M$-3.0M$-3.0M$-7.0M$-3.0M$-9.0M$-4.0M$-4.0M
Tax$-3.0M$-4.6M$-220,000$2.2M$-970,000$-1.7M$-2.9M$1.7M$-2.9M$-330,000$-2.3M$-2.8M
Net Profit$-1.0M$-2.0M$-3.0M$-2.0M$-2.0M$-3.0M$-4.0M$-7.0M$-3.0M$-9.0M$-4.0M$-4.0M
EPS$-0.04$-0.05$-0.07$-0.06$-0.04$-0.07$-0.09$-0.17$-0.07$-0.20$-0.07$-0.06

Over the 10 years reported for LightPath Technologies, Inc., borrowings increased from $11.0M in 2017 to $11.0M in 2026, cash stood at $93.20T in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 5.00 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$47.0M$47.0M$46.0M$48.0M$55.0M$51.0M$54.0M$48.0M$82.0M$194.0M
Current Assets$20.0M$19.0M$20.0M$21.0M$21.0M$18.0M$22.0M$16.0M$28.0M$130.0M
Cash$8.0M$6.0M$5.0M$5.0M$7.0M$6.0M$5.0M$3.0M$5.0M$93.20T
Inventory$5.0M$6.0M$8.0M$9.0M$9.0M$7.0M$7.0M$7.0M$13.0M$18.01T
Receivables$6.0M$5.0M$7.0M$6.0M$5.0M$5.0M$7.0M$5.0M$9.0M$15.0M
Fixed Assets$10.0M$12.0M$12.0M$13.0M$22.0M$22.0M$22.0M$22.0M$23.0M$27.48T
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M$7.0M$14.0M$19.32T
Total Liabilities$17.0M$12.0M$13.0M$13.0M$21.0M$21.0M$18.0M$18.0M$66.0M$36.0M
Current Liabilities$6.0M$6.0M$6.0M$7.0M$8.0M$8.0M$7.0M$8.0M$17.0M$26.0M
Borrowings$11.0M$7.0M$7.0M$8.0M$14.0M$15.0M$12.0M$10.0M$15.0M$11.0M
Other Liabilities$6.0M$4.0M$6.0M$5.0M$7.0M$6.0M$5.0M$8.0M$51.0M$25.0M
Equity$0$0$0$0$0$0$0$0$0$1.0M
Reserves$30.0M$35.0M$33.0M$35.0M$34.0M$30.0M$36.0M$30.0M$16.0M$158.0M

For LightPath Technologies, Inc., operating cash flow was positive in 6 of 10 reported years; free cash flow in the latest year was negative at $16.0M; free cash flow was positive in 3 of 10 years; financing activities used $4.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$5.0M$3.0M$0$4.0M$5.0M$1.0M$-3.0M$1.0M$-8.0M$-10.0M
Investing Cash Flow$-16.0M$-5.0M$-2.0M$-5.0M$-6.0M$-3.0M$-6.0M$-5.0M$-21.0M$-19.0M
Financing Cash Flow$1.0M$1.0M$0$0$0$0$0$0$4.0M$-4.0M
Net Cash Flow$5.0M$-2.0M$-2.0M$1.0M$1.0M$-1.0M$2.0M$-4.0M$1.0M$88.0M
Free Cash Flow$3.0M$0$-2.0M$1.0M$2.0M$0$-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%

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

What is LightPath Technologies, Inc.'s annual revenue?

LightPath Technologies, Inc. (LPTH) reported annual revenue of $72.0M in its most recent fiscal year.

What is LightPath Technologies, Inc.'s net profit?

LightPath Technologies, Inc. (LPTH) reported a net loss of $21.0M in its most recent fiscal year.

What is LPTH EV/EBITDA?

LightPath Technologies, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 11215922.59.

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