Luda Technology Group Limited (LUD) Income Statement
LUD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLUD revenue and net income
Where LUD's revenue goes
2025Each bar shows an amount and its share of revenue. LUD kept 1.7% of revenue as net income.
LUD profit margins
LUD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −25.3% | −12.4% | — | — |
| Gross profit | −48.1% | −16.8% | — | — |
| Operating income | −309.2% | — | — | — |
| Net income | — | −43.4% | — | — |
| EPS (diluted) | — | −48.9% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LUD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $33.5M | $44.9M | $51.4M | $49.9M | $34.1M |
| Cost of revenue | $27.6M | $33.5M | $40.5M | $39.6M | $27.0M |
| Gross profit | $5.9M | $11.4M | $10.9M | $10.3M | $7.1M |
| Research & development | $1.5M | $1.4M | $1.4M | $1.5M | $1.0M |
| Sales, general & admin | $5.5M | $9.4M | $4.5M | $4.1M | $3.7M |
| Total operating expenses | $6.9M | $10.9M | $7.0M | $6.5M | $4.7M |
| Operating income | −$953,633 | $455,908 | $3.9M | $3.8M | $2.4M |
| Interest income | — | $954,810 | $405,330 | $343,590 | — |
| Interest expense | $520,916 | $556,156 | $406,692 | $339,164 | $294,616 |
| Income before taxes | $991,224 | −$96,795 | $3.5M | $3.6M | $6.1M |
| Income taxes | $434,395 | $264,221 | $446,899 | $501,571 | $1.2M |
| Net income | $556,829 | −$361,016 | $3.0M | $3.1M | $4.9M |
| EBITDA | $2.1M | $939,971 | $4.4M | $4.3M | $6.9M |
| EPS (diluted) | $0.02 | −$0.02 | $0.13 | $0.15 | — |
| Gross margin | 17.7% | 25.4% | 21.2% | 20.6% | 20.9% |
| Operating margin | −2.8% | 1.0% | 7.5% | 7.7% | 7.1% |
| Net margin | 1.7% | −0.8% | 5.9% | 6.2% | 14.5% |
| Jun '25 | Dec '24 | Jun '24 | Dec '23 | |
|---|---|---|---|---|
| Revenue | $17.1M | $44.9M | $24.9M | $51.4M |
| Cost of revenue | $15.7M | $33.5M | $17.9M | $40.5M |
| Gross profit | $1.4M | $11.4M | $7.0M | $10.9M |
| Sales, general & admin | $1.9M | $9.6M | $5.1M | $5.7M |
| Total operating expenses | $18.1M | $44.4M | $23.8M | $47.6M |
| Operating income | −$935,030 | $455,910 | $1.1M | $3.9M |
| Interest income | $260,380 | $954,810 | $264,840 | $405,330 |
| Income before taxes | −$333,310 | −$96,800 | $1.1M | $3.5M |
| Net income | −$421,170 | −$361,020 | $952,870 | $3.0M |
| Gross margin | 8.4% | 25.4% | 28.2% | 21.2% |
| Operating margin | −5.5% | 1.0% | 4.4% | 7.5% |
| Net margin | −2.5% | −0.8% | 3.8% | 5.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LUD's financial statements (latest annual report filed May 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LUD financial results
In fiscal year 2025 (ended December 31, 2025), Luda Technology reported revenue of $33.5 million, down 25.3% from the year before. It had net income of $0.6 million, a net profit margin of 1.7%. Diluted earnings per share came to $0.02.
See the LUD stock overview for the latest quote and news, or the LUD chart for price history and technical indicators.
LUD income statement FAQ
What is Luda Technology's annual revenue?
Luda Technology reported total revenue of $33.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 25.3% from $44.9 million the previous year.
Is Luda Technology profitable?
Yes. Luda Technology reported net income of $0.6 million in fiscal 2025, a net profit margin of 1.7%; its operating margin was −2.8%.
What is Luda Technology's gross margin?
Luda Technology's gross margin was 17.7% in fiscal 2025: for every $100 of revenue, Luda Technology kept $18 after the direct cost of its products and services.
How much does Luda Technology spend on research and development?
Luda Technology spent $1.5 million on research and development in fiscal 2025, 4.3% of revenue.
What are Luda Technology's earnings per share?
Luda Technology earned $0.02 per diluted share in fiscal 2025, compared with $-0.02 a year earlier.
When will Luda Technology report its next earnings?
Luda Technology is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Luda Technology's fiscal year end?
Luda Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 15, 2026.