LENSAR, Inc. (LNSR) Income Statement
LNSR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLNSR revenue and net income
Where LNSR's revenue goes
2025Each bar shows an amount and its share of revenue. LNSR kept −58.7% of revenue as net income.
LNSR profit margins
LNSR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.2% | +18.2% | +17.2% | — |
| Gross profit | +4.9% | +10.8% | +14.0% | — |
| 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.
LNSR quarterly EPS vs estimates
LENSAR beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026.
LNSR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $58.4M | $53.5M | $42.2M | $35.4M | $34.5M | $26.4M | $30.5M | $24.4M |
| Cost of revenue | $31.3M | $27.6M | $21.1M | $15.4M | $16.6M | $12.3M | $17.3M | $14.8M |
| Gross profit | $27.1M | $25.9M | $21.1M | $20.0M | $17.8M | $14.1M | $13.2M | $9.6M |
| Research & development | $5.6M | $5.3M | $6.1M | $11.8M | $12.4M | $7.6M | $7.6M | $2.8M |
| Sales, general & admin | $45.2M | $26.5M | $26.9M | $27.2M | $23.9M | $23.8M | $17.1M | — |
| Total operating expenses | $51.7M | $36.5M | $33.3M | $40.1M | $37.5M | $32.6M | $25.9M | $18.9M |
| Operating income | −$24.6M | −$10.7M | −$12.2M | −$20.2M | −$19.7M | −$18.5M | −$12.7M | −$9.3M |
| Interest expense | — | — | — | $263,000 | $1.2M | $1.3M | $2.0M | $0 |
| Income before taxes | −$34.3M | −$31.4M | −$14.4M | −$19.9M | −$19.6M | −$19.8M | −$14.7M | −$12.6M |
| Income taxes | — | — | $3.3M | −$263,000 | $51,000 | $1.4M | $2.1M | $20,000 |
| Net income | −$34.3M | −$31.4M | −$14.4M | −$19.9M | −$19.6M | −$19.8M | −$14.7M | −$12.6M |
| EBITDA | −$29.8M | −$3.0M | −$10.9M | −$16.5M | −$16.8M | −$15.4M | −$8.8M | −$4.7M |
| EPS (diluted) | −$0.43 | −$0.50 | −$1.28 | −$1.97 | −$2.09 | −$20.34 | −$6.19 | −$0.33 |
| Gross margin | 46.4% | 48.3% | 50.1% | 56.4% | 51.8% | 53.4% | 43.3% | 39.4% |
| Operating margin | −42.1% | −19.9% | −29.0% | −57.1% | −57.0% | −70.1% | −41.6% | −38.2% |
| Net margin | −58.7% | −58.7% | −34.1% | −56.3% | −56.9% | −75.0% | −48.0% | −51.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.5M | $13.4M | $16.0M | $14.3M | $13.9M | $14.2M | $16.7M | $13.5M | $12.6M | $10.6M | $12.1M | $9.8M |
| Cost of revenue | $6.7M | $7.0M | $9.1M | $8.5M | $6.9M | $7.0M | $9.6M | $7.3M | $6.1M | $5.2M | $7.2M | $4.9M |
| Gross profit | $9.8M | $6.4M | $6.9M | $5.8M | $7.0M | $7.1M | $7.1M | $6.3M | $6.6M | $5.4M | $4.9M | $4.9M |
| Research & development | $1.3M | $1.4M | $1.3M | $1.4M | $1.4M | $1.5M | $1.3M | $1.2M | $1.3M | $1.4M | $1.5M | $1.5M |
| Sales, general & admin | $6.1M | $2.5M | $10.3M | $12.0M | $11.7M | $11.1M | $6.8M | $6.1M | $6.8M | $6.8M | $6.4M | $5.1M |
| Total operating expenses | $7.6M | $4.1M | $11.9M | $13.4M | $13.3M | $12.9M | $8.4M | $7.3M | $8.1M | $8.2M | $7.8M | $6.9M |
| Operating income | $2.1M | $2.2M | −$4.9M | −$7.6M | −$6.3M | −$5.8M | −$1.3M | −$1.0M | −$1.6M | −$2.9M | −$3.0M | −$2.0M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $187,000 | — |
| Income before taxes | $3.5M | $36.3M | −$1.5M | −$3.7M | −$1.8M | −$27.3M | −$18.7M | −$1.5M | −$9.0M | −$2.2M | −$3.9M | $2.6M |
| Income taxes | — | — | — | — | — | — | — | — | — | $877,724 | −$1.8M | −$4.3M |
| Net income | $3.5M | $36.3M | −$1.5M | −$3.7M | −$1.8M | −$27.3M | −$18.7M | −$1.5M | −$9.0M | −$2.2M | −$3.9M | $2.6M |
| EBITDA | $1.8M | $37.5M | −$284,000 | −$2.6M | −$669,000 | −$26.3M | −$17.6M | −$239,000 | −$8.1M | −$1.2M | −$3.0M | $3.5M |
| EPS (diluted) | $0.10 | −$0.20 | −$0.11 | −$0.11 | −$0.15 | −$0.06 | −$0.10 | −$0.09 | −$0.12 | −$0.19 | −$0.35 | −$0.28 |
| Gross margin | 59.3% | 47.5% | 43.3% | 40.6% | 50.4% | 50.3% | 42.5% | 46.3% | 52.1% | 50.9% | 40.3% | 49.8% |
| Operating margin | 12.9% | 16.7% | −30.7% | −52.9% | −45.1% | −40.9% | −7.7% | −7.5% | −12.3% | −26.9% | −24.5% | −20.8% |
| Net margin | 21.4% | 270.6% | −9.1% | −25.9% | −12.7% | −193.1% | −111.8% | −11.1% | −71.6% | −20.4% | −32.4% | 26.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LNSR's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LNSR financial results
In fiscal year 2025 (ended December 31, 2025), LENSAR reported revenue of $58.4 million, up 9.2% from the year before. It had a net loss of $34.3 million, a net profit margin of −58.7%. Diluted earnings per share came to −$0.43. Over five years revenue grew at an average rate of 17.2% a year.
See the LNSR stock overview for the latest quote and news, or the LNSR chart for price history and technical indicators.
LNSR income statement FAQ
What is LENSAR's annual revenue?
LENSAR reported total revenue of $58.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.2% from $53.5 million the previous year.
Is LENSAR profitable?
No. LENSAR reported a net loss of $34.3 million in fiscal 2025, a net profit margin of −58.7%; its operating margin was −42.1%.
What is LENSAR's gross margin?
LENSAR's gross margin was 46.4% in fiscal 2025: for every $100 of revenue, LENSAR kept $46 after the direct cost of its products and services.
How much does LENSAR spend on research and development?
LENSAR spent $5.6 million on research and development in fiscal 2025, 9.6% of revenue.
How fast is LENSAR growing?
Revenue grew 17.2% a year on average over the last five fiscal years, from $26.4 million to $58.4 million.
What are LENSAR's earnings per share?
LENSAR earned $-0.43 per diluted share in fiscal 2025, compared with $-0.50 a year earlier.
When will LENSAR report its next earnings?
LENSAR is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does LENSAR's fiscal year end?
LENSAR's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.