LightPath Technologies, Inc. (LPTH) Balance Sheet
LPTH balance sheet, FY2026
June 30, 2026 · U.S. dollars$194.0M assets = $35.6M liabilities + $158.4M equity
Both columns are drawn to the same scale: what LPTH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LPTH financial health
Descriptive bands, not a rating. Fiscal FY2026.
LPTH balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $46.7MFY2017 | $194.0MFY2026 | +17.2%/yr | |
| Total liabilities | $17.0MFY2017 | $35.6MFY2026 | +8.6%/yr | |
| Shareholders’ equity | $29.7MFY2017 | $158.4MFY2026 | +20.4%/yr | |
| Cash & short-term investments | $8.1MFY2017 | $93.2MFY2026 | +31.2%/yr | |
| Total debt | $11.4MFY2017 | $10.9MFY2026 | −0.5%/yr | |
| Net cash (debt) | −$3.3MFY2017 | $82.3MFY2026 | +$85.6M | |
| Working capital | $14.0MFY2017 | $103.7MFY2026 | +$89.7M | |
| Book value per share | $1.37FY2017 | $2.97FY2026 | +9.0%/yr | |
| Current ratio | 3.43FY2017 | 4.96FY2026 | +1.53 | |
| Debt / equity | 0.38FY2017 | 0.07FY2026 | −0.32 | |
| Shares outstanding | 21.7MFY2017 | 53.4MFY2026 | +10.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LPTH assets
LPTH liabilities and equity
LPTH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LPTH balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $93.2M | $4.9M | $3.5M | $4.7M | $5.5M | $6.8M | $5.4M | $4.6M | $5.5M | $8.1M |
| Cash & equivalents | $93.2M | $4.9M | $3.5M | $4.7M | $5.5M | $6.8M | $5.4M | $4.6M | $5.5M | $8.1M |
| Short-term investments | — | — | — | — | — | — | — | — | $1.0M | $0 |
| Receivables | $15.1M | $9.5M | $4.9M | $6.6M | $5.2M | $4.8M | $6.3M | $6.6M | $5.4M | $5.9M |
| Inventory | $18.0M | $12.9M | $6.6M | $7.4M | $7.0M | $8.7M | $9.0M | $7.7M | $6.4M | $5.1M |
| Other current assets | $3.6M | $1.2M | $577,077 | $3.0M | $464,804 | $475,364 | $565,181 | $754,640 | $2.1M | $641,469 |
| Total current assets | $129.9M | $28.4M | $15.5M | $21.8M | $18.2M | $20.7M | $21.3M | $19.6M | $19.4M | $19.7M |
| Property, plant & equipment (net) | $27.5M | $23.3M | $22.0M | $22.4M | $22.1M | $22.3M | $13.0M | $11.7M | $11.8M | $10.3M |
| Goodwill & intangible assets | $36.4M | $29.7M | $10.4M | $9.2M | $10.3M | $11.4M | $12.6M | $13.7M | $14.9M | $16.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $182,480 | $96,488 | $182,602 | $205,939 | $170,737 | $174,737 | $734,730 | $941,491 | $1.0M | $397,323 |
| Total assets | $194.0M | $81.5M | $48.1M | $53.5M | $50.7M | $54.6M | $47.6M | $46.0M | $47.1M | $46.7M |
| Liabilities | ||||||||||
| Accounts payable | $7.7M | $7.4M | $3.2M | $2.6M | $3.1M | $2.9M | $2.6M | $2.2M | $2.0M | $1.5M |
| Short-term debt | $1.6M | $1.6M | $1.4M | $2.1M | $2.0M | $1.6M | $2.0M | $985,774 | $1.8M | $1.4M |
| Deferred revenue | $1.1M | — | −$3.35B | — | — | — | — | — | — | — |
| Total current liabilities | $26.2M | $17.1M | $8.0M | $6.8M | $7.7M | $8.4M | $7.4M | $6.4M | $5.8M | $5.8M |
| Long-term debt | $74,878 | $4.8M | $325,880 | $1.6M | $3.2M | $4.1M | $4.4M | $5.0M | $5.1M | $9.9M |
| Lease obligations | $10.7M | $10.2M | $9.8M | $9.8M | $10.5M | $9.5M | $2.2M | $1.0M | $857,326 | $381,433 |
| Other long-term liabilities | $9.4M | $44.0M | $9.5M | $9.2M | $10.0M | $8.5M | $1.2M | $1.2M | $840,931 | $1.3M |
| Total liabilities | $35.6M | $65.9M | $17.9M | $17.6M | $21.0M | $21.0M | $13.0M | $12.5M | $11.8M | $17.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $699,630 | $429,493 | $392,546 | $373,447 | $270,468 | $269,859 | $258,919 | $258,139 | $257,645 | $242,157 |
| Retained earnings (deficit) | −$251.3M | −$230.7M | −$215.8M | −$207.8M | −$203.8M | −$200.2M | −$197.1M | −$197.9M | −$195.2M | −$196.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $1.3M | $978,686 | $509,936 | $606,536 | $935,125 | $2.1M | $735,892 | $808,518 | $473,508 | $295,396 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $158.4M | $15.6M | $30.2M | $36.0M | $29.7M | $33.6M | $34.6M | $33.5M | $35.4M | $29.7M |
| Key figures | ||||||||||
| Total debt | $10.9M | $15.2M | $10.4M | $12.4M | $14.7M | $14.2M | $7.6M | $6.0M | $7.4M | $11.4M |
| Net cash (debt) | $82.3M | −$10.3M | −$6.9M | −$7.7M | −$9.2M | −$7.5M | −$2.2M | −$1.4M | −$1.9M | −$3.3M |
| Working capital | $103.7M | $11.3M | $7.5M | $14.9M | $10.4M | $12.3M | $13.9M | $13.3M | $13.6M | $14.0M |
| Tangible book value | $121.9M | −$14.1M | $19.8M | $26.8M | $19.4M | $22.1M | $22.0M | $19.8M | $20.4M | $13.5M |
| Book value per share | $2.97 | $0.38 | $0.80 | $1.14 | $1.10 | $1.28 | $1.26 | $1.30 | $1.32 | $1.37 |
| Shares outstanding | 53.4M | 40.9M | 37.9M | 31.6M | 27.0M | 26.3M | 27.5M | 25.8M | 26.8M | 21.7M |
| Current ratio | 4.96 | 1.66 | 1.93 | 3.18 | 2.35 | 2.45 | 2.87 | 3.09 | 3.34 | 3.43 |
| Quick ratio | 4.14 | 0.84 | 1.05 | 1.66 | 1.39 | 1.37 | 1.58 | 1.76 | 1.88 | 2.44 |
| Debt / equity | 0.07 | 0.97 | 0.34 | 0.34 | 0.50 | 0.42 | 0.22 | 0.18 | 0.21 | 0.38 |
| Equity / assets | 81.6% | 19.2% | 62.8% | 67.2% | 58.6% | 61.5% | 72.7% | 72.8% | 75.0% | 63.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $93.2M | $55.2M | $73.6M | $11.5M | $4.9M | $6.5M | $3.2M | $4.3M | $3.5M | $3.0M | $3.5M | $4.3M |
| Cash & equivalents | $93.2M | $55.2M | $73.6M | $11.5M | $4.9M | $6.5M | $3.2M | $4.3M | $3.5M | $3.0M | $3.5M | $4.3M |
| Receivables | $15.1M | $10.8M | $8.6M | $9.6M | $9.5M | $7.7M | $5.3M | $5.2M | $4.9M | $4.7M | $4.7M | $5.1M |
| Inventory | $18.0M | $13.3M | $13.5M | $12.9M | $12.9M | $12.7M | $6.4M | $6.8M | $6.6M | $6.8M | $7.5M | $7.5M |
| Other current assets | $3.6M | $3.6M | $1.4M | $1.2M | $1.2M | $1.3M | $739,161 | $540,798 | $577,077 | $1.1M | $3.0M | $3.1M |
| Total current assets | $129.9M | $83.0M | $97.0M | $35.2M | $28.4M | $28.1M | $15.6M | $16.8M | $15.5M | $15.5M | $18.8M | $20.0M |
| Property, plant & equipment (net) | $27.5M | $24.2M | $22.6M | $22.7M | $23.3M | $21.9M | $20.3M | $21.4M | $22.0M | $23.1M | $23.8M | $23.2M |
| Goodwill & intangible assets | $36.4M | $36.9M | $28.8M | $29.3M | $29.7M | $31.2M | $9.7M | $10.0M | $10.4M | $10.8M | $11.3M | $12.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $182,480 | $122,220 | $109,609 | $108,967 | $96,488 | $202,860 | $182,536 | $181,001 | $182,602 | $201,041 | $206,007 | $207,773 |
| Total assets | $194.0M | $144.3M | $148.6M | $87.3M | $81.5M | $81.4M | $45.8M | $48.4M | $48.1M | $49.7M | $54.1M | $55.3M |
| Liabilities | ||||||||||||
| Accounts payable | $7.7M | $6.0M | $6.0M | $5.5M | $7.4M | $5.7M | $3.1M | $2.7M | $3.2M | $2.8M | $2.9M | $2.9M |
| Short-term debt | $1.6M | $1.6M | $1.7M | $1.7M | $1.6M | $1.7M | $4.2M | $4.2M | $1.4M | $1.6M | $3.4M | $2.4M |
| Deferred revenue | $1.1M | $1.2M | $2.7M | $1.0M | — | $207,000 | — | — | −$3.36T | — | — | — |
| Total current liabilities | $26.2M | $21.5M | $24.4M | $17.8M | $17.1M | $12.2M | $10.2M | $9.7M | $8.0M | $7.7M | $9.7M | $8.5M |
| Long-term debt | $74,878 | $103,661 | $135,069 | $4.9M | $4.8M | $4.7M | $222,829 | $284,881 | $325,880 | $275,748 | $326,507 | $1.2M |
| Lease obligations | $10.7M | $11.1M | $10.0M | $10.4M | $10.2M | $9.5M | $9.2M | $9.5M | $9.8M | $10.2M | $10.2M | $10.2M |
| Other long-term liabilities | $9.4M | $9.7M | $46.1M | $43.2M | $44.0M | $48.8M | $8.7M | $9.0M | $9.5M | $10.0M | $10.3M | $10.7M |
| Total liabilities | $35.6M | $31.4M | $70.6M | $65.8M | $65.9M | $65.7M | $19.1M | $19.0M | $17.9M | $18.0M | $20.4M | $20.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $699,630 | $612,070 | $544,427 | $446,702 | $429,493 | $428,936 | $398,908 | $396,127 | $392,546 | $381,262 | $375,494 | $374,554 |
| Retained earnings (deficit) | −$251.3M | −$247.1M | −$243.0M | −$233.6M | −$230.7M | −$223.7M | −$220.1M | −$217.5M | −$215.8M | −$213.5M | −$210.9M | −$209.2M |
| Accumulated other comprehensive income | $1.3M | $1.3M | $1.3M | $1.1M | $978,686 | $451,067 | $330,495 | $781,530 | $509,936 | $628,945 | $741,301 | $481,328 |
| Total shareholders' equity | $158.4M | $112.9M | $77.9M | $21.4M | $15.6M | $15.7M | $26.7M | $29.4M | $30.2M | $31.7M | $33.7M | $34.9M |
| Key figures | ||||||||||||
| Total debt | $10.9M | $11.3M | $10.3M | $15.4M | $15.2M | $14.3M | $12.5M | $12.8M | $10.4M | $10.8M | $12.6M | $12.7M |
| Net cash (debt) | $82.3M | $43.9M | $63.3M | −$3.9M | −$10.3M | −$7.9M | −$9.3M | −$8.5M | −$6.9M | −$7.7M | −$9.1M | −$8.4M |
| Working capital | $103.7M | $61.5M | $72.6M | $17.4M | $11.3M | $15.9M | $5.4M | $7.1M | $7.5M | $7.8M | $9.1M | $11.4M |
| Tangible book value | $121.9M | $76.0M | $49.1M | −$7.9M | −$14.1M | −$15.5M | $17.0M | $19.4M | $19.8M | $20.9M | $22.4M | $22.9M |
| Book value per share | $2.97 | $1.93 | $1.66 | $0.50 | $0.36 | $0.38 | $0.67 | $0.74 | $0.78 | $0.83 | $0.90 | $0.93 |
| Shares outstanding | 53.4M | 58.6M | 47.0M | 43.3M | 42.9M | 41.4M | 39.7M | 39.6M | 38.9M | 38.0M | 37.5M | 37.4M |
| Current ratio | 4.96 | 3.86 | 3.97 | 1.98 | 1.66 | 2.30 | 1.53 | 1.73 | 1.93 | 2.01 | 1.93 | 2.34 |
| Quick ratio | 4.14 | 3.07 | 3.36 | 1.19 | 0.84 | 1.16 | 0.83 | 0.97 | 1.05 | 0.99 | 0.85 | 1.10 |
| Debt / equity | 0.07 | 0.10 | 0.13 | 0.72 | 0.97 | 0.91 | 0.47 | 0.43 | 0.34 | 0.34 | 0.37 | 0.37 |
| Equity / assets | 81.6% | 78.2% | 52.5% | 24.6% | 19.2% | 19.3% | 58.3% | 60.8% | 62.8% | 63.8% | 62.3% | 63.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 11, 2026); data from EODHD.
LPTH financial position
At the end of fiscal 2026 (June 30, 2026), LightPath Technologies had total assets of $194.0 million (up 138.0% from a year earlier), total liabilities of $35.6 million and shareholders' equity of $158.4 million. It held $93.2 million in cash and short-term investments against $10.9 million of debt, a net cash position of $82.3 million. Its current ratio was 4.96.
Related: LPTH income statement, LPTH cash flow statement, LPTH key metrics. See the LPTH stock overview for the latest quote and news.
LPTH balance sheet FAQ
What are LightPath Technologies's total assets?
LightPath Technologies reported total assets of $194.0 million at the end of fiscal 2026 (June 30, 2026), compared with $81.5 million a year earlier.
How much debt does LightPath Technologies have?
LightPath Technologies had $10.9 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.07.
How much cash does LightPath Technologies have?
LightPath Technologies held $93.2 million in cash and short-term investments at the end of fiscal 2026; with $10.9 million of debt that is net cash of $82.3 million.
What is LightPath Technologies's book value?
LightPath Technologies's shareholders' equity (book value) was $158.4 million at the end of fiscal 2026, or $2.97 per share.
What is LightPath Technologies's current ratio?
LightPath Technologies had current assets of $129.9 million and current liabilities of $26.2 million, a current ratio of 4.96 (it can cover its short-term obligations).
How much goodwill does LightPath Technologies have?
LightPath Technologies carried $36.4 million of goodwill and intangible assets, 18.8% of total assets, at the end of fiscal 2026.