SemiLEDs Corporation (LEDS) Income Statement
LEDS FY2025 at a glance
Fiscal year ended August 31, 2025 · U.S. dollarsLEDS revenue and net income
Where LEDS's revenue goes
FY2025Each bar shows an amount and its share of revenue. LEDS kept −2.6% of revenue as net income.
LEDS profit margins
LEDS growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +729.8% | +82.7% | +47.9% | +11.8% |
| Gross profit | +130.9% | +20.3% | +8.9% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LEDS quarterly EPS vs estimates
SemiLEDs beat the analyst EPS estimate in 1 of the last 1 quarters. Next report: November 27, 2026.
LEDS income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43.0M | $5.2M | $6.0M | $7.1M | $4.7M | $6.1M | $5.9M | $7.5M | $9.2M | $10.1M |
| Cost of revenue | $40.6M | $4.1M | $5.0M | $5.7M | $3.7M | $4.5M | $5.5M | $7.9M | $9.1M | $15.1M |
| Gross profit | $2.4M | $1.1M | $1.0M | $1.4M | $1.0M | $1.6M | $452,000 | −$435,000 | $82,000 | −$4.9M |
| Research & development | $1.2M | $1.2M | $1.4M | $1.5M | $1.6M | $1.5M | $1.6M | $957,000 | $851,000 | $2.0M |
| Sales, general & admin | $2.9M | $2.9M | $3.1M | $3.3M | $3.6M | $2.8M | $2.8M | $3.2M | $3.7M | $4.8M |
| Total operating expenses | $4.0M | $4.0M | $4.4M | $4.6M | $5.0M | $3.7M | $4.1M | $3.2M | $4.4M | $15.7M |
| Operating income | −$1.6M | −$2.9M | −$3.4M | −$3.2M | −$3.9M | −$2.1M | −$3.7M | −$3.7M | −$4.3M | −$20.6M |
| Interest income | — | — | — | — | — | — | $150,000 | $87,000 | $18,000 | $187,000 |
| Interest expense | $141,000 | $247,000 | $287,000 | $369,000 | $371,000 | $358,000 | $190,000 | $27,000 | $34,000 | $52,000 |
| Income before taxes | −$1.1M | −$2.0M | −$2.7M | −$2.7M | −$2.9M | −$547,000 | −$3.6M | −$3.0M | −$4.1M | −$21.3M |
| Income taxes | — | $5,000 | $287,000 | −$938,000 | −$1.2M | −$2.1M | −$653,000 | $720,000 | −$13,000 | −$29,000 |
| Net income | −$1.1M | −$2.0M | −$2.7M | −$2.7M | −$2.9M | −$544,000 | −$3.6M | −$3.0M | −$4.1M | −$21.3M |
| EBITDA | −$272,000 | −$1.2M | −$1.4M | −$1.4M | −$1.6M | $654,000 | −$2.3M | −$1.9M | −$3.0M | −$15.6M |
| EPS (diluted) | −$0.15 | −$0.38 | −$0.55 | −$0.61 | −$0.88 | −$0.16 | −$1.00 | −$0.84 | −$1.28 | −$6.25 |
| Gross margin | 5.7% | 20.3% | 16.8% | 19.8% | 21.8% | 26.2% | 7.7% | −5.8% | 0.9% | −48.7% |
| Operating margin | −3.7% | −56.9% | −56.9% | −45.4% | −82.7% | −34.4% | −62.1% | −49.0% | −47.0% | −203.2% |
| Net margin | −2.6% | −39.3% | −45.0% | −38.9% | −60.2% | −9.0% | −60.4% | −39.8% | −44.4% | −209.8% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.1M | $1.1M | $2.6M | $13.2M | $17.7M | $10.9M | $1.3M | $1.3M | $1.3M | $886,000 | $1.6M | $1.5M |
| Cost of revenue | $6.6M | $1.1M | $2.6M | $13.0M | $16.7M | $9.9M | $1.0M | $1.2M | $780,000 | $774,000 | $1.4M | $1.4M |
| Gross profit | $2.5M | $6,000 | $18,000 | $229,000 | $939,000 | $1.0M | $260,000 | $153,000 | $543,000 | $112,000 | $245,000 | $41,000 |
| Research & development | $363,000 | $276,000 | $356,000 | $362,000 | $292,000 | $279,000 | $221,000 | $217,000 | $320,000 | $251,000 | $372,000 | $321,000 |
| Sales, general & admin | $681,000 | $575,000 | $703,000 | $853,000 | $709,000 | $614,000 | $696,000 | $760,000 | $696,000 | $693,000 | $742,000 | $789,000 |
| Total operating expenses | $1.0M | $851,000 | $1.1M | $1.2M | $1.0M | $893,000 | $917,000 | $978,000 | $1.0M | $944,000 | $1.1M | $1.1M |
| Operating income | $1.4M | −$845,000 | −$1.0M | −$986,000 | −$62,000 | $110,000 | −$657,000 | −$825,000 | −$473,000 | −$832,000 | −$819,000 | −$1.1M |
| Interest expense | $10,000 | $22,000 | $12,000 | $11,000 | $20,000 | $42,000 | $67,000 | $36,000 | $58,000 | $65,000 | $88,000 | $68,000 |
| Income before taxes | $1.5M | −$603,000 | −$742,000 | −$1.2M | $223,000 | $388,000 | −$547,000 | −$562,000 | −$316,000 | −$557,000 | −$596,000 | −$880,000 |
| Income taxes | — | — | — | — | — | — | — | — | $3,000 | $2,000 | $349,000 | $69,000 |
| Net income | $1.5M | −$603,000 | −$742,000 | −$1.2M | $223,000 | $388,000 | −$547,000 | −$560,000 | −$319,000 | −$559,000 | −$598,000 | −$881,000 |
| EBITDA | $1.6M | −$407,000 | −$549,000 | −$978,000 | $443,000 | $586,000 | −$324,000 | −$369,000 | −$114,000 | −$335,000 | −$354,000 | −$694,000 |
| EPS (diluted) | $0.18 | −$0.07 | −$0.09 | −$0.15 | $0.03 | $0.05 | −$0.08 | −$0.08 | −$0.06 | −$0.11 | −$0.12 | −$0.18 |
| Gross margin | 27.1% | 0.6% | 0.7% | 1.7% | 5.3% | 9.2% | 20.6% | 11.6% | 41.0% | 12.6% | 14.8% | 2.8% |
| Operating margin | 15.6% | −79.4% | −40.5% | −7.5% | −0.4% | 1.0% | −52.1% | −62.3% | −35.8% | −93.9% | −49.6% | −73.4% |
| Net margin | 16.8% | −56.7% | −28.9% | −9.0% | 1.3% | 3.6% | −43.4% | −42.3% | −24.1% | −63.1% | −36.2% | −60.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LEDS's financial statements (latest annual report filed November 28, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LEDS financial results
In fiscal year 2025 (ended August 31, 2025), SemiLEDs reported revenue of $43.0 million, up 729.8% from the year before. It had a net loss of $1.1 million, a net profit margin of −2.6%. Diluted earnings per share came to −$0.15. Over five years revenue grew at an average rate of 47.9% a year.
See the LEDS stock overview for the latest quote and news, or the LEDS chart for price history and technical indicators.
LEDS income statement FAQ
What is SemiLEDs's annual revenue?
SemiLEDs reported total revenue of $43.0 million for fiscal year 2025, which ended on August 31, 2025. That was up 729.8% from $5.2 million the previous year.
Is SemiLEDs profitable?
No. SemiLEDs reported a net loss of $1.1 million in fiscal 2025, a net profit margin of −2.6%; its operating margin was −3.7%.
What is SemiLEDs's gross margin?
SemiLEDs's gross margin was 5.7% in fiscal 2025: for every $100 of revenue, SemiLEDs kept $6 after the direct cost of its products and services.
How much does SemiLEDs spend on research and development?
SemiLEDs spent $1.2 million on research and development in fiscal 2025, 2.7% of revenue.
How fast is SemiLEDs growing?
Revenue grew 47.9% a year on average over the last five fiscal years, from $6.1 million to $43.0 million.
What are SemiLEDs's earnings per share?
SemiLEDs earned $-0.15 per diluted share in fiscal 2025, compared with $-0.38 a year earlier.
When will SemiLEDs report its next earnings?
SemiLEDs is expected to report results for the quarter ending August 31, 2026 on November 27, 2026.
When does SemiLEDs's fiscal year end?
SemiLEDs's fiscal year ends in August. The latest annual report covers the year ended August 31, 2025 and was filed on November 28, 2025.