LightPath Technologies, Inc. (LPTH) Income Statement
LPTH FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsLPTH revenue and net income
Where LPTH's revenue goes
FY2026Each bar shows an amount and its share of revenue. LPTH kept −28.6% of revenue as net income.
LPTH profit margins
LPTH growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +92.8% | +29.6% | +13.3% | +15.3% |
| Gross profit | +154.7% | +32.6% | +13.9% | +10.7% |
| 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.
LPTH quarterly EPS vs estimates
LightPath Technologies beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 10, 2026 (estimate $-0.02).
LPTH income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $71.7M | $37.2M | $31.7M | $32.9M | $35.6M | $38.5M | $35.0M | $33.7M | $32.5M | $28.4M |
| Cost of revenue | $45.9M | $27.1M | $23.1M | $21.9M | $23.7M | $25.0M | $21.1M | $21.2M | $20.0M | $13.6M |
| Gross profit | $25.8M | $10.1M | $8.6M | $11.1M | $11.8M | $13.4M | $13.8M | $12.5M | $12.5M | $14.7M |
| Research & development | $3.78T | $3.1M | $2.4M | $2.1M | $2.1M | $2.2M | $1.7M | $2.0M | $1.6M | $1.2M |
| Sales, general & admin | $24.7M | $15.8M | $12.3M | $11.4M | $11.2M | $12.0M | $9.0M | $10.5M | $9.2M | $8.7M |
| Total operating expenses | $45.5M | $22.0M | $16.5M | $14.6M | $14.4M | $15.3M | $11.7M | $13.7M | $12.2M | $10.6M |
| Operating income | −$1.2M | −$11.8M | −$7.8M | −$3.6M | −$2.6M | −$1.8M | $2.1M | −$1.6M | $373,567 | $4.1M |
| Interest income | — | — | — | — | — | — | — | $697,110 | $381,580 | $880,970 |
| Interest expense | $16.0M | $1.1M | $191,862 | $283,266 | $229,475 | $215,354 | $339,446 | $697,113 | $186,948 | $413,427 |
| Income before taxes | −$20.2M | −$14.8M | −$7.9M | −$3.8M | −$2.7M | −$2.3M | $1.6M | −$2.2M | $233,027 | $3.4M |
| Income taxes | $314,713 | $37,790 | $67,490 | $234,034 | $862,907 | $933,915 | $763,998 | $455,206 | −$827,077 | −$4.3M |
| Net income | −$20.5M | −$14.9M | −$8.0M | −$4.0M | −$3.5M | −$3.2M | $866,929 | −$2.7M | $1.1M | $7.7M |
| EBITDA | $3.9M | −$4.9M | −$3.0M | −$458,345 | $999,744 | $2.2M | $5.5M | $1.9M | $3.8M | $6.9M |
| EPS (diluted) | −$0.08 | −$0.28 | −$0.22 | −$0.13 | −$0.13 | −$0.11 | $0.03 | −$0.10 | $0.04 | $0.13 |
| Gross margin | 36.0% | 27.2% | 27.2% | 33.6% | 33.2% | 35.0% | 39.6% | 37.1% | 38.5% | 51.9% |
| Operating margin | −1.6% | −31.8% | −24.7% | −10.8% | −7.4% | −4.8% | 6.1% | −4.8% | 1.1% | 14.6% |
| Net margin | −28.6% | −40.0% | −25.2% | −12.3% | −10.0% | −8.3% | 2.5% | −7.9% | 3.3% | 27.2% |
| 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 | $21.2M | $19.1M | $16.4M | $15.1M | $12.2M | $9.2M | $7.4M | $8.4M | $8.6M | $7.7M | $7.3M | $8.1M |
| Cost of revenue | $12.8M | $12.2M | $10.3M | $10.6M | $9.5M | $6.5M | $5.5M | $5.6M | $6.1M | $6.1M | $5.1M | $5.7M |
| Gross profit | $8.3M | $7.0M | $6.0M | $4.5M | $2.7M | $2.7M | $1.9M | $2.8M | $2.5M | $1.6M | $2.2M | $2.3M |
| Research & development | $258.55B | $1.0M | $748,829 | $867,428 | $1.1M | $757,938 | $764,396 | $476,441 | $582,822 | $569,962 | $607,747 | $639,889 |
| Sales, general & admin | $8.1M | $6.3M | $5.9M | $4.4M | $4.7M | $4.4M | $3.4M | $3.3M | $3.6M | $3.2M | $2.9M | $2.7M |
| Total operating expenses | $12.6M | $7.8M | $7.1M | $7.0M | $7.3M | $6.0M | $4.4M | $4.2M | $4.7M | $4.2M | $4.0M | $3.6M |
| Operating income | $3.2M | −$859,042 | −$1.0M | −$2.5M | −$4.6M | −$3.3M | −$2.5M | −$1.4M | −$2.2M | −$2.6M | −$1.8M | −$1.3M |
| Interest income | — | $271,641 | — | — | — | — | — | — | — | — | — | — |
| Interest expense | $15.2M | $271,641 | $285,023 | $268,853 | $312,967 | $486,833 | $169,053 | $149,360 | $42,814 | $37,649 | $53,788 | $57,611 |
| Income before taxes | −$4.0M | −$4.0M | −$9.4M | −$2.8M | −$7.2M | −$3.5M | −$2.6M | −$1.6M | −$2.4M | −$2.6M | −$1.6M | −$1.3M |
| Income taxes | $111,497 | $91,390 | $30,556 | $81,270 | −$122,402 | $100,031 | $44,525 | $15,636 | −$53,912 | $5,798 | $76,058 | $39,546 |
| Net income | −$4.1M | −$4.1M | −$9.4M | −$2.9M | −$7.1M | −$3.6M | −$2.6M | −$1.6M | −$2.4M | −$2.6M | −$1.7M | −$1.3M |
| EBITDA | $464,092 | $403,963 | −$7.9M | −$1.3M | −$1.2M | −$1.9M | −$1.5M | −$308,809 | −$337,622 | −$1.5M | −$454,373 | −$354,066 |
| EPS (diluted) | −$0.02 | −$0.01 | −$0.02 | −$0.03 | −$0.07 | −$0.10 | −$0.07 | −$0.04 | −$0.06 | −$0.07 | −$0.05 | −$0.04 |
| Gross margin | 39.4% | 36.3% | 36.8% | 29.8% | 22.0% | 29.1% | 26.0% | 33.9% | 29.2% | 20.9% | 29.6% | 28.9% |
| Operating margin | 15.3% | −4.5% | −6.4% | −16.6% | −38.0% | −36.3% | −33.5% | −16.4% | −25.6% | −33.6% | −24.4% | −15.5% |
| Net margin | −19.6% | −21.4% | −57.5% | −19.2% | −57.8% | −39.1% | −35.2% | −19.3% | −27.3% | −33.7% | −23.4% | −16.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LPTH's financial statements (latest annual report filed September 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LPTH financial results
In fiscal year 2026 (ended June 30, 2026), LightPath Technologies reported revenue of $71.7 million, up 92.8% from the year before. It had a net loss of $20.5 million, a net profit margin of −28.6%. Diluted earnings per share came to −$0.08. Over five years revenue grew at an average rate of 13.3% a year.
See the LPTH stock overview for the latest quote and news, or the LPTH chart for price history and technical indicators.
LPTH income statement FAQ
What is LightPath Technologies's annual revenue?
LightPath Technologies reported total revenue of $71.7 million for fiscal year 2026, which ended on June 30, 2026. That was up 92.8% from $37.2 million the previous year.
Is LightPath Technologies profitable?
No. LightPath Technologies reported a net loss of $20.5 million in fiscal 2026, a net profit margin of −28.6%; its operating margin was −1.6%.
What is LightPath Technologies's gross margin?
LightPath Technologies's gross margin was 36.0% in fiscal 2026: for every $100 of revenue, LightPath Technologies kept $36 after the direct cost of its products and services.
How much does LightPath Technologies spend on research and development?
LightPath Technologies spent $3.78 trillion on research and development in fiscal 2026, 5,275,959.6% of revenue.
How fast is LightPath Technologies growing?
Revenue grew 13.3% a year on average over the last five fiscal years, from $38.5 million to $71.7 million.
What are LightPath Technologies's earnings per share?
LightPath Technologies earned $-0.08 per diluted share in fiscal 2026, compared with $-0.28 a year earlier.
When will LightPath Technologies report its next earnings?
LightPath Technologies is expected to report results for the quarter ending September 30, 2026 on November 10, 2026.
When does LightPath Technologies's fiscal year end?
LightPath Technologies's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on September 11, 2026.