LightPath Technologies Financials

LPTH Stock

USD 11.44 0.91 8.64%

Operational scale and capital structure coherence define LightPath Technologies financial characteristics. Current profitability metrics are under pressure, reflecting a period of reduced earnings capacity. Earnings quality, debt coverage, and cash generation are the primary financial strength indicators for LightPath Technologies.

Cash Flow Balance Sheet Income Statement

Macro event markers

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Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

LightPath Technologies Balance Sheet Account Activities

Total Stockholder Equity is demonstrating a rebounding trend compared to prior periods. A year ago, LightPath Technologies reported Total Stockholder Equity at 17.99 Million. Per market data dated March 23, 2026, Property Plant And Equipment Net is projected to grow to approximately 28.1 M, while our analysis places Retained Earnings near under -218 M following downward revisions.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity

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Key indicators impacting LightPath Technologies' financial strength

Current Value

Last Year

Change From Last Year

10 Year Trend

Debt-to-Equity Ratio

0.92

0.87

Notably Up

Slightly volatile

Current Ratio

1.81

1.91

Notably Down

Slightly volatile

Net Receivables

11.4 M

10.9 M

Sufficiently Up

Slightly volatile

Total Revenue

44.9 M

42.8 M

Sufficiently Up

Slightly volatile

Total Assets

98.4 M

93.7 M

Sufficiently Up

Slightly volatile

LightPath Technologies' ability to pay suppliers on time and meet interest obligations reveals operational health. When cash flow consistently lags earnings, LightPath Technologies's profitability may not be fully supported by cash. LightPath Technologies' financial health directly affects its ability to invest in growth and support dividends. LightPath Technologies's financial profile includes $0.20 in Cash Per Share, -$0.22 in Free Cash Flow Per Share, and a CAPEX To Operating Cash Flow of -0.13x.

Net Income

-16.25 Million

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LightPath Technologies Earnings Geography

Financial statements for LightPath Technologies are prepared by management under rules that allow significant discretion. Comparing LightPath Technologies' reported earnings to free cash flow is a useful sanity check on reporting quality. Earnings quality for LightPath Technologies matters as much as earnings quantity.

LightPath Technologies Stock Summary

LightPath Technologies competes with Microvision, Commerce, Nano Dimension, Lesaka Technologies, and Frequency Electronics. LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida. Lightpath Tech operates under Electronic Components classification in the United States and is traded on NASDAQ Exchange. It employs 329 people.

Specialization	Information Technology, Technology Hardware & Equipment
Instrument	USA Stock View All
Exchange	NASDAQ Exchange
ISIN	US5322578056
Business Address	2603 Challenger Tech
Sector	Electronic Equipment, Instruments & Components
Industry	Information Technology
Benchmark	Dow Jones Industrial
Website	www.lightpath.com
Phone	407 382 4003
Currency	USD - US Dollar

LightPath Technologies's financial disclosures paint a picture of how the business earns, spends, and invests its capital over time. This breakdown includes balance sheet strength, income performance, and cash flow dynamics — three angles every investor should examine. The trends visible in these accounts often signal future performance before it shows up in the stock price.

Key Financial Ratios

Each ratio below highlights a different dimension of LightPath Technologies' financial condition, from how effectively the company uses its assets to how well it manages debt obligations.

	Return On Equity	-0.33
	Profit Margin	-0.43 %
	Operating Margin	-0.06 %
	Price To Sales	11.51 X
	Revenue	37.2 M

More Fundamentals

Key Balance Sheet Accounts

Financial resilience depends on more than just revenue for LightPath Technologies. LightPath Technologies carries a debt-to-equity ratio of 0.50, reflecting management's appetite for borrowing.

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	50.7M	53.5M	48.1M	81.5M	93.7M	98.4M
Other Current Liab	2.6M	2.2M	3.4M	8.0M	9.3M	9.7M
Net Debt	9.2M	7.7M	6.9M	10.3M	11.9M	12.4M
Retained Earnings	-203.8M	-207.8M	-215.8M	-230.7M	-207.6M	-218.0M
Accounts Payable	3.1M	2.6M	3.2M	7.4M	8.5M	9.0M
Cash	5.5M	4.7M	3.5M	4.9M	4.4M	5.0M
Inventory	7.0M	7.4M	6.6M	12.9M	14.8M	15.5M
Other Current Assets	464.8K	3.0M	577.1K	1.2M	1.4M	1.4M
Total Liab	21.0M	17.6M	17.9M	65.9M	75.7M	79.5M
Total Current Assets	18.2M	21.8M	15.5M	28.4M	32.6M	34.3M
Intangible Assets	4.5M	3.3M	3.7M	16.0M	14.4M	15.1M
Net Receivables	5.2M	6.6M	4.9M	9.5M	10.9M	11.4M
Common Stock	270.5K	373.4K	392.5K	429.5K	493.9K	518.6K
Short Term Debt	2.0M	2.1M	1.4M	1.6M	1.9M	2.0M
Other Assets	734.7K	174.7K	170.7K	205.9K	185.3K	310.5K
Long Term Debt	3.2M	1.6M	325.9K	4.8M	5.5M	5.8M
Net Tangible Assets	22.0M	22.1M	19.4M	26.8M	30.8M	16.5M

Key Income Statement Accounts

Gross profit margin measures pricing power and production efficiency at LightPath Technologies. Cost of goods, operating expenses, interest, and taxes each take their cut before shareholders see a return.

	2021	2022	2023	2024	2025	2026 (projected)
Interest Expense	229.5K	283.3K	191.9K	1.1M	1.0M	956.1K
Total Revenue	35.6M	32.9M	31.7M	37.2M	42.8M	44.9M
Gross Profit	11.8M	11.1M	8.6M	10.1M	11.6M	6.3M
Operating Income	-2.6M	-3.6M	-7.8M	-11.8M	-13.6M	-12.9M
Ebit	-2.6M	-3.6M	-7.0M	-9.1M	-10.4M	-10.9M
Ebitda	999.7K	-458.3K	-3.0M	-4.9M	-5.7M	-5.9M
Cost Of Revenue	23.7M	21.9M	23.1M	27.1M	31.1M	32.7M
Income Before Tax	-2.7M	-3.8M	-7.9M	-14.8M	-17.1M	-16.2M
Net Income	-3.5M	-4.0M	-8.0M	-14.9M	-17.1M	-16.2M
Income Tax Expense	862.9K	234.0K	67.5K	37.8K	34.0K	32.3K
Research Development	2.1M	2.1M	2.4M	3.1M	2.8M	1.4M
Tax Provision	862.9K	234.0K	67.5K	37.8K	43.5K	45.6K
Net Interest Income	-229.5K	-283.3K	-191.9K	-1.1M	-1.0M	-956.1K

Key Cash Accounts

Free cash flow is the money available for dividends, buybacks, and debt reduction at LightPath Technologies. Operations produced -8.3 M versus -14.9 M in reported net income.

	2021	2022	2023	2024	2025	2026 (projected)
Change To Inventory	1.2M	-741.6K	960.7K	-1.4M	-1.2M	-1.2M
Change In Cash	-1.3M	1.6M	-3.7M	1.4M	1.3M	1.3M
Free Cash Flow	-162.5K	-5.9M	-1.7M	-9.6M	-11.0M	-10.5M
Depreciation	3.6M	3.2M	4.0M	4.1M	3.7M	2.1M
Other Non Cash Items	303.4K	73.3K	440.2K	2.0M	1.8M	2.1M
Capital Expenditures	1.6M	3.1M	2.2M	1.3M	1.5M	1.7M
Net Income	-3.5M	-4.0M	-8.0M	-14.9M	-17.1M	-16.2M
End Period Cash Flow	5.5M	7.1M	3.5M	4.9M	4.4M	5.1M
Change To Netincome	283.2K	1.1M	1.6M	1.3M	1.4M	1.5M
Net Borrowings	-626.7K	-1.8M	-2.3M	6.3M	7.2M	7.6M
Investments	-1.6M	-2.9M	-2.7M	-19.7M	-17.8M	-16.9M

Financial Ratios Relationships

Comparative market metrics assess LightPath Technologies's pricing relative to peers. Cross-referencing LightPath Technologies' key ratios against peer benchmarks through ratio comparison sharpens the view on relative valuation and competitive positioning. More Info.

LightPath Technologies is rated below average for return on equity among direct rivals. It is rated below average for return on asset among direct rivals . According to the latest estimates, Return On Equity is easing with a magnitude of about 4.44%. A year ago, Return On Equity was sitting at -0.86. Comparative earnings metrics contextualize LightPath Technologies.

Core Fundamental Drivers

LightPath Technologies' financial indicators form a connected framework. Tracking them collectively improves evaluation of LightPath Technologies's financial stability. LightPath Technologies currently reports revenue of 37.2 M, P/E of 25.96, profit margin of -43.45%. LightPath Technologies has a market cap of 607.67 M, operating margin of -6.35%, ROE of -33.03%. Portfolio-level context is available through Correlation Analysis. The allocation includes a position in LightPath Technologies. The weighting is determined by the allocation framework in use. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy LightPath Stock please use our How to Invest in LightPath Technologies overview. It covers everything you need to know about trading LightPath Stock. Compared to last year, Enterprise Value is expected to move by about 4.76%. LightPath Technologies filed Enterprise Value of 122.58 Million for the preceding year.

	2023	2024	2025	2026 (projected)
Interest Expense	191.9K	1.1M	1.0M	956.1K
Depreciation And Amortization	4.0M	4.1M	3.7M	2.1M

Interest Expense Depreciation And Amortization

Financial Account Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Non Current Assets Other	Net Receivables	Common Stock Total Equity	Common Stock	Property Plant Equipment	Short Long Term Debt Total
Total Assets		0.94	0.96	0.53	0.93	0.9	-0.4	0.9	0.57	1.0	0.57	0.95	0.89	0.97	0.55	0.5	0.91	0.92	0.99	0.92	0.23	0.96	0.93	0.95	0.91	0.95
Other Current Liab	0.94		0.99	0.23	0.82	0.82	-0.36	0.98	0.37	0.94	0.37	0.9	0.98	0.95	0.37	0.41	0.98	0.93	0.92	0.9	0.08	0.93	0.77	0.9	0.79	0.83
Total Current Liabilities	0.96	0.99		0.29	0.86	0.87	-0.39	0.99	0.38	0.96	0.38	0.93	0.97	0.97	0.43	0.44	0.98	0.95	0.94	0.89	0.08	0.95	0.81	0.93	0.84	0.87
Total Stockholder Equity	0.53	0.23	0.29		0.61	0.44	-0.29	0.14	0.73	0.52	0.73	0.52	0.08	0.45	0.52	0.45	0.13	0.32	0.56	0.42	0.53	0.44	0.75	0.44	0.6	0.6
Property Plant And Equipment Net	0.93	0.82	0.86	0.61		0.96	-0.43	0.8	0.52	0.94	0.52	0.93	0.76	0.89	0.54	0.53	0.79	0.92	0.89	0.73	0.1	0.84	0.92	0.92	0.99	0.96
Net Debt	0.9	0.82	0.87	0.44	0.96		-0.45	0.84	0.47	0.92	0.47	0.89	0.82	0.85	0.49	0.52	0.84	0.91	0.85	0.72	-0.04	0.81	0.82	0.89	0.94	0.95
Retained Earnings	-0.4	-0.36	-0.39	-0.29	-0.43	-0.45		-0.38	0.04	-0.39	0.04	-0.56	-0.31	-0.46	-0.27	-0.93	-0.33	-0.38	-0.42	-0.31	-0.36	-0.51	-0.22	-0.29	-0.29	-0.36
Accounts Payable	0.9	0.98	0.99	0.14	0.8	0.84	-0.38		0.23	0.91	0.23	0.89	0.98	0.93	0.38	0.41	0.99	0.94	0.87	0.84	0.01	0.91	0.71	0.9	0.78	0.79
Cash	0.57	0.37	0.38	0.73	0.52	0.47	0.04	0.23		0.56	1.0	0.39	0.28	0.44	0.31	0.12	0.31	0.32	0.6	0.61	0.25	0.44	0.71	0.43	0.56	0.68
Non Current Assets Total	1.0	0.94	0.96	0.52	0.94	0.92	-0.39	0.91	0.56		0.56	0.96	0.89	0.97	0.53	0.49	0.91	0.94	0.97	0.91	0.2	0.95	0.92	0.96	0.92	0.95
Cash And Short Term Investments	0.57	0.37	0.38	0.73	0.52	0.47	0.04	0.23	1.0	0.56		0.39	0.28	0.44	0.31	0.12	0.31	0.32	0.6	0.61	0.25	0.44	0.71	0.43	0.56	0.68
Common Stock Shares Outstanding	0.95	0.9	0.93	0.52	0.93	0.89	-0.56	0.89	0.39	0.96	0.39		0.84	0.95	0.56	0.63	0.86	0.95	0.93	0.82	0.25	0.94	0.87	0.95	0.89	0.88
Non Current Liabilities Total	0.89	0.98	0.97	0.08	0.76	0.82	-0.31	0.98	0.28	0.89	0.28	0.84		0.9	0.37	0.33	1.0	0.9	0.86	0.86	-0.02	0.89	0.68	0.87	0.74	0.79
Inventory	0.97	0.95	0.97	0.45	0.89	0.85	-0.46	0.93	0.44	0.97	0.44	0.95	0.9		0.49	0.54	0.92	0.9	0.97	0.89	0.21	0.97	0.86	0.91	0.85	0.88
Other Current Assets	0.55	0.37	0.43	0.52	0.54	0.49	-0.27	0.38	0.31	0.53	0.31	0.56	0.37	0.49		0.37	0.39	0.43	0.59	0.44	0.43	0.56	0.56	0.58	0.53	0.5
Other Stockholder Equity	0.5	0.41	0.44	0.45	0.53	0.52	-0.93	0.41	0.12	0.49	0.12	0.63	0.33	0.54	0.37		0.36	0.44	0.52	0.4	0.43	0.58	0.38	0.39	0.41	0.48
Total Liab	0.91	0.98	0.98	0.13	0.79	0.84	-0.33	0.99	0.31	0.91	0.31	0.86	1.0	0.92	0.39	0.36		0.92	0.88	0.87	0.0	0.91	0.72	0.89	0.77	0.81
Property Plant And Equipment Gross	0.92	0.93	0.95	0.32	0.92	0.91	-0.38	0.94	0.32	0.94	0.32	0.95	0.9	0.9	0.43	0.44	0.92		0.86	0.78	0.01	0.87	0.82	0.97	0.91	0.87
Total Current Assets	0.99	0.92	0.94	0.56	0.89	0.85	-0.42	0.87	0.6	0.97	0.6	0.93	0.86	0.97	0.59	0.52	0.88	0.86		0.92	0.29	0.97	0.91	0.91	0.86	0.92
Intangible Assets	0.92	0.9	0.89	0.42	0.73	0.72	-0.31	0.84	0.61	0.91	0.61	0.82	0.86	0.89	0.44	0.4	0.87	0.78	0.92		0.35	0.91	0.81	0.82	0.71	0.82
Non Current Assets Other	0.23	0.08	0.08	0.53	0.1	-0.04	-0.36	0.01	0.25	0.2	0.25	0.25	-0.02	0.21	0.43	0.43	0.0	0.01	0.29	0.35		0.29	0.28	0.1	0.04	0.1
Net Receivables	0.96	0.93	0.95	0.44	0.84	0.81	-0.51	0.91	0.44	0.95	0.44	0.94	0.89	0.97	0.56	0.58	0.91	0.87	0.97	0.91	0.29		0.83	0.9	0.79	0.85
Common Stock Total Equity	0.93	0.77	0.81	0.75	0.92	0.82	-0.22	0.71	0.71	0.92	0.71	0.87	0.68	0.86	0.56	0.38	0.72	0.82	0.91	0.81	0.28	0.83		0.89	0.93	0.92
Common Stock	0.95	0.9	0.93	0.44	0.92	0.89	-0.29	0.9	0.43	0.96	0.43	0.95	0.87	0.91	0.58	0.39	0.89	0.97	0.91	0.82	0.1	0.9	0.89		0.92	0.89
Property Plant Equipment	0.91	0.79	0.84	0.6	0.99	0.94	-0.29	0.78	0.56	0.92	0.56	0.89	0.74	0.85	0.53	0.41	0.77	0.91	0.86	0.71	0.04	0.79	0.93	0.92		0.95
Short Long Term Debt Total	0.95	0.83	0.87	0.6	0.96	0.95	-0.36	0.79	0.68	0.95	0.68	0.88	0.79	0.88	0.5	0.48	0.81	0.87	0.92	0.82	0.1	0.85	0.92	0.89	0.95

Click cells to compare fundamentals

Account Relationship Matchups

Fundamental Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	50.7M	53.5M	48.1M	81.5M	93.7M	98.4M
Other Current Liab	2.6M	2.2M	3.4M	8.0M	9.3M	9.7M
Net Debt	9.2M	7.7M	6.9M	10.3M	11.9M	12.4M
Retained Earnings	-203.8M	-207.8M	-215.8M	-230.7M	-207.6M	-218.0M
Accounts Payable	3.1M	2.6M	3.2M	7.4M	8.5M	9.0M
Cash	5.5M	4.7M	3.5M	4.9M	4.4M	5.0M
Inventory	7.0M	7.4M	6.6M	12.9M	14.8M	15.5M
Other Current Assets	464.8K	3.0M	577.1K	1.2M	1.4M	1.4M
Total Liab	21.0M	17.6M	17.9M	65.9M	75.7M	79.5M
Total Current Assets	18.2M	21.8M	15.5M	28.4M	32.6M	34.3M
Intangible Assets	4.5M	3.3M	3.7M	16.0M	14.4M	15.1M
Net Receivables	5.2M	6.6M	4.9M	9.5M	10.9M	11.4M
Common Stock	270.5K	373.4K	392.5K	429.5K	493.9K	518.6K
Short Term Debt	2.0M	2.1M	1.4M	1.6M	1.9M	2.0M
Other Assets	734.7K	174.7K	170.7K	205.9K	185.3K	310.5K
Long Term Debt	3.2M	1.6M	325.9K	4.8M	5.5M	5.8M
Net Tangible Assets	22.0M	22.1M	19.4M	26.8M	30.8M	16.5M

Financial Metrics, Fundamentals & Methodology

Long-term financial strength of LightPath Technologies depends on its ability to manage growth and leverage cycles. Cash reserves enhance macroeconomic adaptability. For this reporting period, LightPath Technologies reflects revenue of 37.2 M, EPS loss of 0.52, negative operating margin of 6.35%.

Unless otherwise specified, data for LightPath Technologies is compiled from periodic company reporting and market reference feeds and standardized for comparability. Analyst projections are included when active coverage applies. Updates may occur throughout the day. Financial statement fields are presented under issuer-reported GAAP or IFRS accounting conventions.

This content is curated and reviewed by:

Raphi Shpitalnik - Junior Member of Macroaxis Editorial Board

Last reviewed on March 6th, 2026

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LightPath Technologies Financials

LightPath Technologies Balance Sheet Account Activities

Key indicators impacting LightPath Technologies' financial strength

Net Income

LightPath Technologies Earnings Geography

LightPath Technologies Stock Summary

Key Financial Ratios

Key Balance Sheet Accounts

Key Income Statement Accounts

Key Cash Accounts

Financial Ratios Relationships

Core Fundamental Drivers

Financial Account Correlations

Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fundamental Accounts

Financial Metrics, Fundamentals & Methodology

This content is curated and reviewed by:

Popular Tools for LightPath Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Total Current Assets	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Accounts Payable	+ 0.99	Total Current Liabilities

Other Stockholder Equity	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.56	Retained Earnings
Net Receivables	- 0.51	Retained Earnings
Inventory	- 0.46	Retained Earnings
Retained Earnings	- 0.45	Net Debt
Retained Earnings	- 0.43	Property Plant And Equipment Net