What is Lightpath Technologies's market cap?

Lightpath Technologies (LPTH) has a market capitalization of $685.7M and trades on NASDAQ.

What is Lightpath Technologies's revenue and profitability?

Lightpath Technologies generated $62.8M in trailing twelve-month revenue with a net loss of $23.5M, representing a net margin of -37.4%. Gross margin stands at 26.8%, with free cash flow of -$10.3M. These figures are based on the Q1 2026 filing.

Who are Lightpath Technologies's competitors?

Lightpath Technologies's key competitors include MKS Instruments, Inc., Teledyne FLIR, Coherent Corp., and others. These companies compete in similar markets and product categories.

Who does Lightpath Technologies partner with?

Lightpath Technologies's notable partners include Lockheed Martin, Space Florida.

What subsidiaries does Lightpath Technologies have?

Lightpath Technologies's subsidiaries include ISP Optics Corporation, Visimid Technologies, G5 Infrared LLC, and others.

Where is Lightpath Technologies headquartered?

Lightpath Technologies is headquartered in United States of America and employs approximately 327 people. It has been publicly traded since 1996.

Lightpath Technologies

LPTH

LightPath Technologies is a vertically integrated global manufacturer of optical solutions, specializing in precision molded glass aspheres and infrared imaging systems.

Market cap

$685.66M+435%

Revenue$62.8M+86.7%

Net income-$23.5M-131%

Free cash flow-$10.3M-58.7%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q3 2026 report

May 7, 2026

Revenue$19.1MBeat by $2.1M EPS-$0.02In line

Read the full report

Next report

Sep 24, 2026 (in 2 months)

Revenue estimate$20.7M

EPS estimate-$0.01

Financials

Q3 2026

Income statement

See full

Revenue$19.1M+109%

Net income-$4.1M-14.6%

Balance sheet

See full

Cash & equivalents$55.2M+753%

Total debt$11.4M-20.7%

Total equity$89.1M+467%

Total assets$144.3M+77.2%

Cash flow

See full

Operating cash flow-$6.8M-110%

CapEx$899.5K+114%

Free cash flow-$7.7M-110%

Valuation & ratios

Valuation

See full

Market cap$685.66M+435%

Enterprise value$641.8M+374%

P/S10.9×+7.4×

Profitability

See full

Net margin-37.4%+11.5pp

FCF margin-16.4%-2.1pp

Returns & leverage

See full

Return on equity-44.8%+2.1pp

Debt / equity0.1×-0.8×

Current ratio3.9×+1.6×

Competitors

By market cap

Raytheon Technologies$294.38B+40.9%

Coherent$53.1B+227%

Elbit Systems$38.1B+81.8%

Teledyne Technologies$30.2B+15.6%

MKS Instruments$21.3B+211%

MACOM Technology Solutions$20.1B+93.3%

Lightpath Technologies$685.7M+427%

Syntec Optics Holdings, Inc.$287.6M+273%

By revenue growth

Lightpath Technologies+86.7%

MACOM Technology Solutions+27.1%

Coherent+18.0%

Raytheon Technologies+11.8%

MKS Instruments+11.5%

Teledyne Technologies+7.9%

Syntec Optics Holdings, Inc.-5.9%

By net margin

Teledyne Technologies15.29%+0.8pp

Raytheon Technologies8.28%+0.9pp

MKS Instruments8.03%+1.8pp

Coherent1.73%+7.6pp

MACOM Technology Solutions-7.71%+27.4pp

Syntec Optics Holdings, Inc.-10.95%-7.7pp

Lightpath Technologies-37.38%-7.1pp

Profile

LightPath Technologies is a vertically integrated global manufacturer of optical solutions, specializing in precision molded glass aspheres and infrared imaging systems. The company provides end-to-end engineering and production services, transitioning from a component manufacturer to a provider of complex imaging subsystems and cameras. Its core value proposition lies in proprietary materials and molding technologies that enable high-performance optical systems at a lower cost and smaller form factor than traditional methods.

Competitive position

A leading provider of precision molded optics and a pioneer in Germanium-free infrared solutions through proprietary BlackDiamond glass.

GeographiesUnited States, China, Latvia, Europe, Asia

Customer segmentsDefense Prime Contractors, Industrial OEMs, Government Agencies, Medical Device Manufacturers

Business modelVertically integrated manufacturing, B2B hardware, Engineering as a service

SuppliersGlass material suppliers (CDGM, Ohara, Sumita), Specialty chemical providers, Inert gas suppliers, Subcontractors for anodizing and metallization

CustomersDefense system integrators, Automotive manufacturers, Medical device companies, Telecommunications infrastructure providers

CountryUnited States of America

Listed1996

Employees327.0

CEOShmuel Rubin

SectorTechnology

IndustryHardware, Equipment & Parts

Websitelightpath.com

FilingsSEC EDGAR

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Questions, answered.

What is Lightpath Technologies's market cap?: Lightpath Technologies (LPTH) has a market capitalization of $685.7M and trades on NASDAQ.
What is Lightpath Technologies's revenue and profitability?: Lightpath Technologies generated $62.8M in trailing twelve-month revenue with a net loss of $23.5M, representing a net margin of -37.4%. Gross margin stands at 26.8%, with free cash flow of -$10.3M. These figures are based on the Q1 2026 filing.
Who are Lightpath Technologies's competitors?: Lightpath Technologies's key competitors include MKS Instruments, Inc., Teledyne FLIR, Coherent Corp., and others. These companies compete in similar markets and product categories.
Who does Lightpath Technologies partner with?: Lightpath Technologies's notable partners include Lockheed Martin, Space Florida.
What subsidiaries does Lightpath Technologies have?: Lightpath Technologies's subsidiaries include ISP Optics Corporation, Visimid Technologies, G5 Infrared LLC, and others.
Where is Lightpath Technologies headquartered?: Lightpath Technologies is headquartered in United States of America and employs approximately 327 people. It has been publicly traded since 1996.