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Other financials

Income statement

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Revenue$19.1M+109%
Gross profit$4.5M+57.6%
Operating income-$2.5M-82.0%
Net income-$4.1M-14.6%
EPS (diluted)-$0.07-75.0%

Balance sheet

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Cash & equivalents$55.2M+753%
Total debt$11.4M-20.7%
Total equity$89.1M+467%
Total assets$144.3M+77.2%

Cash flow

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Operating cash flow-$6.8M-110%
CapEx$899.5K+114%
Free cash flow-$7.7M-110%

Valuation

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Market cap$754.1M+388%
Enterprise value$710.24M+344%
P/S12×+7.9×

Profitability

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Gross margin26.8%-1.7pp
Net margin-37.4%+11.5pp
FCF margin-16.4%-2.1pp

Returns & leverage

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Return on equity-44.8%+2.1pp
Debt / equity0.1×-0.8×
Current ratio3.9×+1.6×

Where this comes from

Calculated from Lightpath Technologies’s reported figures.

Based on trailing twelve months.

The source filing: Lightpath Technologies’s 10-Q, filed November 12, 2025. Open the filing →

Filed
Nov 12, 2025
Fiscal quarter
Q1 FY2026
Calendar quarter
Q3 2025
Accession
0001654954-25-012804

FAQ

What is Lightpath Technologies's operating margin?
Lightpath Technologies (LPTH) reported operating margin of -29.5% in Q3 2025.
How has Lightpath Technologies's operating margin changed year-over-year?
Lightpath Technologies's operating margin decreased by 19.0% year-over-year, from -24.8% to -29.5%.
What is the long-term trend for Lightpath Technologies's operating margin?
Over 4 years (2021 to 2025), Lightpath Technologies's operating margin has grown at a 60.5% compound annual growth rate (CAGR), from -4.8% to -31.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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