LIGHTPATH TECHNOLOGIES INC financials
Source: EDGAR filings · Built 2026-09-24T01:02:15Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -16.73M | -9.78M | -1.66M | -5.89M | -162.49K | 1.57M |
| EBITDA | -14.62M | -7.67M | -3.78M | -379.97K | 990.51K | 1.67M |
| Working Capital | 103.72M | 11.27M | 7.50M | 14.93M | 10.44M | 12.25M |
| Net Debt | -82.46M | 10.14M | 6.88M | 7.70M | 8.22M | 7.46M |
| Gross Margin | 35.98% | 27.23% | 27.21% | 33.63% | 33.23% | 34.96% |
| Operating Margin | -27.40% | -31.78% | -24.67% | -10.79% | -7.39% | -4.79% |
| Net Margin | -28.65% | -39.98% | -25.24% | -12.29% | -9.96% | -8.28% |
| Return on Equity (ROE) | -13.75% | -95.07% | -26.51% | -11.26% | -11.91% | -9.49% |
| Return on Assets (ROA) | -10.59% | -18.25% | -16.65% | -7.56% | -6.98% | -5.83% |
| Current Ratio | 4.96× | 1.66× | 1.93× | 3.18× | 2.35× | 2.45× |
| Debt-to-Equity | 0.07× | 0.96× | 0.34× | 0.34× | 0.46× | 0.42× |
| Effective Tax Rate | -1.56% | -0.25% | -0.85% | -6.14% | -32.21% | -41.48% |
| Cash Conversion Ratio | 0.50× | 0.56× | -0.07× | 0.69× | -0.41× | -1.49× |
| Accruals Ratio | -0.05× | -0.08× | -0.18× | -0.02× | -0.10× | -0.14× |
| SBC % of Revenue | 3.99% | 2.80% | 3.21% | 3.98% | 2.32% | 1.67% |
| CapEx Coverage | -1.57× | -5.75× | 0.24× | -0.91× | 0.90× | 1.50× |
| Free Cash Flow Per Share | $-0.31 | $-0.24 | $-0.04 | $-0.19 | $-0.01 | $0.06 |
Income Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenues | — | 37.20M | 31.73M | 32.93M | 35.56M | 38.46M |
| Cost of Goods and Services Sold | 45.92M | 27.07M | — | — | — | — |
| Cost of Revenue | — | 27.07M | 23.09M | 21.86M | 23.74M | 25.02M |
| Gross Profit | 25.80M | 10.13M | 8.63M | 11.07M | 11.81M | 13.45M |
| Research and Development Expense | 3.78M | 3.06M | — | — | — | — |
| Selling, General and Administrative Expense | 24.66M | 15.81M | 12.30M | 11.44M | 11.22M | 11.99M |
| Operating Expenses | 45.46M | 21.95M | 16.46M | 14.63M | 14.44M | 15.29M |
| Operating Income (Loss) | -19.65M | -11.82M | -7.83M | -3.55M | -2.63M | -1.84M |
| Income Tax Expense (Benefit) | 314.71K | 37.79K | 67.49K | 234.03K | 862.91K | 933.91K |
| Net Income (Loss) Attributable to Parent | -20.55M | -14.87M | -8.01M | -4.05M | -3.54M | -3.19M |
| Earnings Per Share, Basic | $-0.38 | $-0.36 | $-0.21 | $-0.13 | $-0.13 | $-0.12 |
| Weighted Average Number of Shares Outstanding, Basic | 53.37M | 40.87M | 37.94M | 31.64M | 27.02M | 26.31M |
| Earnings Per Share, Diluted | $-0.38 | $-0.36 | $-0.21 | $-0.13 | $-0.13 | $-0.12 |
| Weighted Average Number of Shares Outstanding, Diluted | 53.37M | 40.87M | 37.94M | 31.64M | 27.02M | 26.31M |
Balance Sheet
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 93.20M | 4.88M | — | 4.69M | 5.51M | 6.77M |
| Assets, Current | 129.90M | 28.37M | 15.54M | 21.76M | 18.17M | 20.70M |
| Assets | 194.01M | 81.51M | 48.09M | 53.54M | 50.71M | 54.61M |
| Long-term Debt | — | — | 535.05K | 2.57M | — | 4.69M |
| Liabilities, Current | 26.18M | 17.10M | 8.04M | 6.83M | 7.73M | 8.45M |
| Long-term Debt, Excluding Current Maturities | — | 4.80M | 325.88K | 1.55M | 3.22M | 4.06M |
| Liabilities | 35.63M | 31.63M | 17.89M | 17.58M | 20.98M | 21.03M |
| Stockholders' Equity Attributable to Parent | 149.47M | 15.64M | 30.20M | 35.95M | 29.73M | 33.58M |
| Common Stock, Shares, Outstanding | — | 42.95M | 39.25M | 37.34M | 27.05M | 26.99M |
Cash Flow Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -10.23M | -8.33M | 521.04K | -2.81M | 1.46M | 4.73M |
| Payments to Acquire Property, Plant, and Equipment | 6.27M | 1.26M | 2.18M | 3.08M | 1.63M | 3.16M |
| Net Cash Provided by (Used in) Investing Activities | -12.79M | -19.74M | -2.67M | -2.87M | -1.63M | -3.16M |
| Net Cash Provided by (Used in) Financing Activities | 111.02M | 29.30M | -1.47M | 7.46M | -636.17K | -843.43K |
Derived Metrics
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -9.60M | -7.13M | 628.30K | -1.22M | -3.39M | -6.40M |
| EBITDA | -2.98M | — | — | -1.29M | -3.72M | — |
| Working Capital | 103.72M | 61.47M | 72.58M | 17.40M | 11.27M | 15.85M |
| Net Debt | -82.46M | -44.13M | -63.56M | 3.71M | 10.14M | 7.67M |
| Gross Margin | 39.44% | 36.33% | 36.82% | 29.77% | 22.04% | 29.06% |
| Operating Margin | -20.31% | -22.20% | -52.58% | -16.64% | -36.92% | -37.67% |
| Net Margin | -19.57% | -21.44% | -57.52% | -19.21% | -57.79% | -39.08% |
| Return on Equity (ROE) | -2.77% | -4.61% | -12.07% | -13.49% | -45.10% | -22.78% |
| Return on Assets (ROA) | -2.13% | -2.85% | -6.33% | -3.32% | -8.66% | -4.40% |
| Current Ratio | 4.96× | 3.85× | 3.97× | 1.98× | 1.66× | 2.30× |
| Debt-to-Equity | 0.07× | 0.12× | 0.13× | 0.71× | 0.96× | 0.90× |
| Effective Tax Rate | -2.77% | -2.28% | -0.33% | -2.89% | 1.71% | -2.87% |
| Cash Conversion Ratio | 1.23× | 1.25× | -0.18× | 0.40× | 0.38× | 1.59× |
| Accruals Ratio | 0.01× | 0.01× | -0.07× | -0.02× | -0.05× | 0.03× |
| SBC % of Revenue | 7.56% | 6.59% | 4.27% | 2.39% | 2.44% | 8.13% |
| CapEx Coverage | -1.14× | -2.54× | 1.60× | -14.84× | -3.60× | -7.95× |
| Free Cash Flow Per Share | $-0.18 | $-0.12 | $0.01 | $-0.03 | $-0.08 | $-0.15 |
Income Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenues | — | — | — | 15.06M | 12.21M | 9.17M |
| Cost of Goods and Services Sold | 12.82M | 12.19M | 10.33M | — | 9.52M | 6.50M |
| Cost of Revenue | — | — | — | 10.58M | 9.52M | 6.50M |
| Gross Profit | 8.35M | 6.96M | 6.02M | 4.48M | 2.69M | 2.66M |
| Research and Development Expense | 1.13M | 1.04M | 748.83K | — | 1.06M | 757.94K |
| Selling, General and Administrative Expense | 8.12M | 6.30M | 5.86M | 4.38M | 4.74M | 4.45M |
| Operating Expenses | 12.64M | 11.21M | 14.62M | 6.99M | 7.20M | 6.12M |
| Operating Income (Loss) | -4.30M | -4.25M | -8.60M | -2.51M | -4.51M | -3.45M |
| Income Tax Expense (Benefit) | 111.50K | 91.39K | 30.56K | 81.27K | -122.40K | 100.03K |
| Net Income (Loss) Attributable to Parent | -4.14M | -4.11M | -9.41M | -2.89M | -7.06M | -3.58M |
| Earnings Per Share, Basic | $-0.05 | $-0.07 | $-0.20 | $-0.07 | $-0.17 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Basic | 53.37M | 58.63M | 47.00M | 43.29M | 40.87M | 41.36M |
| Earnings Per Share, Diluted | $-0.05 | $-0.07 | $-0.20 | $-0.07 | $-0.17 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 53.37M | 58.63M | 47.00M | 43.29M | 40.87M | 41.36M |
Balance Sheet
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 93.20M | 55.24M | 73.57M | — | 4.88M | — |
| Assets, Current | 129.90M | 83.00M | 97.00M | 35.16M | 28.37M | 28.08M |
| Assets | 194.01M | 144.27M | 148.56M | 87.26M | 81.51M | 81.42M |
| Liabilities, Current | 26.18M | 21.53M | 24.42M | 17.75M | 17.10M | 12.23M |
| Long-term Debt, Excluding Current Maturities | — | — | — | 4.87M | 4.80M | 4.69M |
| Liabilities | 35.63M | 31.38M | 36.39M | 31.59M | 31.63M | 31.30M |
| Stockholders' Equity Attributable to Parent | 149.47M | 89.09M | 77.94M | 21.44M | 15.64M | 15.72M |
| Common Stock, Shares, Outstanding | — | 61.21M | 54.44M | 42.95M | 42.95M | 42.89M |
Cash Flow Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -5.11M | -5.12M | 1.68M | -1.14M | -2.65M | -5.68M |
| Payments to Acquire Property, Plant, and Equipment | 4.42M | 1.84M | 944.91K | 77.01K | 681.58K | 580.73K |
| Net Cash Provided by (Used in) Investing Activities | -3.95M | -8.84M | -944.91K | -77.01K | 1.08M | -20.82M |
| Net Cash Provided by (Used in) Financing Activities | 47.00M | 64.03M | 67.71M | 7.78M | -276.01K | 29.57M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LPTH CIK 0000889971),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.