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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$789.26M+404%
Enterprise value$745.41M+360%
P/S12.6×+8.4×

Profitability

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Gross margin26.8%-1.7pp
Operating margin-29.5%+6.9pp
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

Reported directly by Lightpath Technologies in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

The source filing: Lightpath Technologies’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:20 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-015594
Line itemNine Months Ended / March 31, 2026Nine Months Ended / March 31, 2025
Change in fair value of acquisition earnout liabilities12,234,529130,445
Earnout payment for acquisition of G5, net of financing portion(3,813,587)
Loss on disposal of property and equipment4,01680,505
Stock-based compensation on stock options, RSUs & RSAs, net1,261,577745,155
Provision for credit losses(26,034)(3,014)
Change in operating lease assets and liabilities(181,814)(91,582)
Inventory write-offs to allowance215,129135,625
Deferred taxes(64,323)(2,368)

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FAQ

What is Lightpath Technologies's stock-based comp?
Lightpath Technologies (LPTH) reported stock-based comp of $562.97K in Q1 2026.
How has Lightpath Technologies's stock-based comp changed year-over-year?
Lightpath Technologies's stock-based comp increased by 135.4% year-over-year, from $239.14K to $562.97K.
What is the long-term trend for Lightpath Technologies's stock-based comp?
Over 3 years (2022 to 2025), Lightpath Technologies's stock-based comp has grown at a 8.1% compound annual growth rate (CAGR), from $825.25K to $1.04M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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