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LightPath Technologies, Inc. logo

LightPath Technologies, Inc.

LPTH

NASDAQTechnologyHardware, Equipment & Parts

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Latest quote

$14.44

Market data unavailable

Aug 21, 3:55 PM ET

LPTH company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

66

Undervalued

Momentum

43

Neutral

Sentiment

49

Mixed

Risk resilience

37

High Risk

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Company profile

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
US

Market position

Volume
2.7M
Market cap
905.42M USD

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
136.2M USD
P/E (TTM)
-29.03×
P/B (TTM)
7.49×
P/S (TTM)
14.42×
EV / EBITDA
-27.72×
Earnings yield
-11.81%
Free cash flow yield
-7.62%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
32.10%
Operating margin
-14.40%
Net margin
-37.38%
Return on equity
-95.07%
Return on assets
-18.25%
Return on invested capital
-17.90%

Financial health

Debt / equity
0.1×
Current ratio
1.66×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%12%-17%-47%Gross margin, FY2021: 34.96%Gross margin, FY2022: 33.23%Gross margin, FY2023: 33.63%Gross margin, FY2024: 27.21%Gross margin, FY2025: 27.23%Operating margin, FY2021: -4.79%Operating margin, FY2022: -7.39%Operating margin, FY2023: -10.79%Operating margin, FY2024: -24.67%Operating margin, FY2025: -31.78%Net margin, FY2021: -8.28%Net margin, FY2022: -9.96%Net margin, FY2023: -12.29%Net margin, FY2024: -25.24%Net margin, FY2025: -39.98%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.96%. Gross margin FY2022 33.23%. Gross margin FY2023 33.63%. Gross margin FY2024 27.21%. Gross margin FY2025 27.23%. Operating margin FY2021 -4.79%. Operating margin FY2022 -7.39%. Operating margin FY2023 -10.79%. Operating margin FY2024 -24.67%. Operating margin FY2025 -31.78%. Net margin FY2021 -8.28%. Net margin FY2022 -9.96%. Net margin FY2023 -12.29%. Net margin FY2024 -25.24%. Net margin FY2025 -39.98%.

Income trends

Revenue

37.2M USD+17.26%

Operating income

−11.82M USD-51.06%

Net income

−14.87M USD-85.74%
Income trends across reported periods43.8M USD22.46M USD1.13M USD−20.21M USDRevenue, FY2021: 38.46M USDRevenue, FY2022: 35.56M USDRevenue, FY2023: 32.93M USDRevenue, FY2024: 31.73M USDRevenue, FY2025: 37.2M USDOperating income, FY2021: −1.84M USDOperating income, FY2022: −2.63M USDOperating income, FY2023: −3.55M USDOperating income, FY2024: −7.83M USDOperating income, FY2025: −11.82M USDNet income, FY2021: −3.19M USDNet income, FY2022: −3.54M USDNet income, FY2023: −4.05M USDNet income, FY2024: −8.01M USDNet income, FY2025: −14.87M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 38.46M USD. Revenue FY2022 35.56M USD. Revenue FY2023 32.93M USD. Revenue FY2024 31.73M USD. Revenue FY2025 37.2M USD. Operating income FY2021 −1.84M USD. Operating income FY2022 −2.63M USD. Operating income FY2023 −3.55M USD. Operating income FY2024 −7.83M USD. Operating income FY2025 −11.82M USD. Net income FY2021 −3.19M USD. Net income FY2022 −3.54M USD. Net income FY2023 −4.05M USD. Net income FY2024 −8.01M USD. Net income FY2025 −14.87M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue37.2M USD31.73M USD32.93M USD35.56M USD38.46M USD
Cost of goods sold27.07M USD23.09M USD21.86M USD23.74M USD25.02M USD
Gross profit10.13M USD8.63M USD11.07M USD11.81M USD13.45M USD
Research and development3.06M USD2.4M USD2.15M USD2.09M USD2.17M USD
Operating expenses21.95M USD16.46M USD14.63M USD14.44M USD15.29M USD
Interest expense1.12M USD191.86K USD283.27K USD229.48K USD215.35K USD
Depreciation and amortization4.15M USD4.05M USD3.17M USD3.62M USD3.51M USD
Operating income−11.82M USD−7.83M USD−3.55M USD−2.63M USD−1.84M USD
Net income−14.87M USD−8.01M USD−4.05M USD−3.54M USD−3.19M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
18%
2 beats, 8 misses, 1 met estimate
Average EPS surprise
-103.05%
11 comparable reports
Latest EPS result
-0.02
Estimate -0.02 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.02-0.09-0.17-0.24Q4 '24BeatQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MetQ3 '26Estimate
Q4 2024, reported Nov 7, 2024: actual -0.04, estimate -0.05, surprise +20.00%, Beat. Q1 2025, reported Feb 13, 2025: actual -0.07, estimate -0.04, surprise -75.00%, Miss. Q2 2025, reported May 15, 2025: actual -0.1, estimate -0.05, surprise -100.00%, Miss. Q3 2025, reported Sep 25, 2025: actual -0.16, estimate -0.03, surprise -433.33%, Miss. Q4 2025, reported Nov 11, 2025: actual -0.05, estimate -0.06, surprise +16.67%, Beat. Q1 2026, reported Feb 11, 2026: actual -0.2, estimate -0.04, surprise -400.00%, Miss. Q2 2026, reported May 7, 2026: actual -0.02, estimate -0.02, surprise 0.00%, Met estimate. Q3 2026, reported Sep 24, 2026: actual —, estimate -0.02, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates21.66M16.56M11.47M6.37MQ4 '24BeatQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Nov 7, 2024: actual 8.4M USD, estimate 8.33M USD, surprise +0.84%, Beat. Q1 2025, reported Feb 13, 2025: actual 7.42M USD, estimate 8.8M USD, surprise -15.67%, Miss. Q2 2025, reported May 15, 2025: actual 9.17M USD, estimate 12.2M USD, surprise -24.86%, Miss. Q3 2025, reported Sep 25, 2025: actual 12.2M USD, estimate 12.27M USD, surprise -0.55%, Miss. Q4 2025, reported Nov 11, 2025: actual 15.1M USD, estimate 12.66M USD, surprise +19.24%, Beat. Q1 2026, reported Feb 11, 2026: actual 16.35M USD, estimate 14.96M USD, surprise +9.31%, Beat. Q2 2026, reported May 7, 2026: actual 19.15M USD, estimate 17.04M USD, surprise +12.40%, Beat. Q3 2026, reported Sep 24, 2026: actual —, estimate 20.6M USD, surprise —, Comparison unavailable.

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ETFs holding LPTH

Funds reporting this stock among their holdings, ordered by reported position size.

Tema Space Innovators ETF logoTema Space Innovators ETFNASA
Market value
23.96M
Weight
2.12%
AUM
1.13B USD
Expense ratio
0.75%
Price / 1D
$24.64+1.32%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
20.83M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
18.38M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
6.74M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
6.67M
Weight
0.04%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
3.22M
Weight
0.02%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
2.49M
Weight
0.16%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%
iShares Core S&P Total U.S. Stock Market ETF logoiShares Core S&P Total U.S. Stock Market ETFITOT
Market value
1.14M
Weight
0.00%
AUM
97.17B USD
Expense ratio
0.03%
Price / 1D
$167.97+0.46%

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