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Nasdaq · Technology

LIGHTPATH TECHNOLOGIES INC (LPTH)

As-reported financials and SEC filings for LIGHTPATH TECHNOLOGIES INC. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

Snapshot

Revenue
$37.2M
Revenue growth (YoY)
17.3%
Net income
$-14.9M
Diluted EPS
$-0.36
Gross margin
27.2%
Operating margin
-31.8%
Net margin
-40.0%
FCF margin
-25.8%
ROE
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$705.1M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended June 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Lightpath Technologies

  • Revenue grew 17.3% to $37M in FY2025, after a 3.7% decline the year before.
  • Operating margin is -31.8% in FY2025, -27.0 pp against -4.8% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $19M, up 108.9% from Q3 FY2025.
  • Free cash flow was negative $10M in FY2025.
  • Net loss widened to $15M in FY2025, from $8M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Lightpath Technologies’s fundamentals sit among the 88 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin27.2%
25th percentile of 78
Operating margin-31.8%
12th percentile of 79
Net margin-40.0%
9th percentile of 80
FCF margin-25.8%
10th percentile of 78
Revenue growth (YoY)+17.3%
57th percentile of 88
Short interest4.32d
76th percentile of 88

Lightpath Technologies’s net margin of -40.0% ranks in the 9th percentile of the 80 semiconductor companies reporting it. Lightpath Technologies’s FCF margin of -25.8% ranks in the 10th percentile of the 78 semiconductor companies reporting it. Lightpath Technologies’s operating margin of -31.8% ranks in the 12th percentile of the 79 semiconductor companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $50.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+4 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$54.1M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$17.3M1.1MAdded
Two Sigma InvestmentsquantQ2 2026$11.1M678.2KAdded
Renaissance TechnologiesquantQ2 2026$11.0M671.7KAdded
Millennium ManagementquantQ2 2026$8.7M529.3KReduced
Polen Capital ManagementQ2 2026$5.1M314.5KAdded
Gotham Asset ManagementQ2 2026$990,63060.6KAdded

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$50.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-03
filed 2026-06-04
North Run Strategic Opportunities Fund I, LPDirectorSell3.6M$14.00$50.0M
2026-05-18
filed 2026-05-20
North Run Strategic Opportunities Fund I, LPDirectorSell55.3K$12.32$681K
2026-05-14
North Run Strategic Opportunities Fund I, LPDirectorSell165.0K$12.16$2.0M
2026-05-13
filed 2026-05-14
North Run Strategic Opportunities Fund I, LPDirectorSell45.0K$12.29$553K
2026-05-12
filed 2026-05-14
North Run Strategic Opportunities Fund I, LPDirectorSell83.1K$12.25$1.0M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
10.7M
settled 2026-08-14
Change vs prior
+1.7%
vs previous settlement
Days to cover
4.32
at avg daily volume
Avg daily volume
2.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1410.7M+1.7%4.32
2026-07-3110.6M+10.6%3.68
2026-07-159.5M+18.1%3.64
2026-06-308.1M+14.0%2.17
2026-06-157.1M+9.2%1.72
2026-05-296.5M+48.0%1.20
2026-05-154.4M+21.3%1.47
2026-04-303.6M-11.2%1.03

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$37.2M$31.7M$32.9M$35.6M$38.5M
Gross profit$10.1M$8.6M$11.1M$11.8M$13.4M
Operating income$-11.8M$-7.8M$-3.6M$-2.6M$-1.8M
Net income$-14.9M$-8.0M$-4.0M$-3.5M$-3.2M
Diluted EPS$-0.36$-0.21$-0.13$-0.13$-0.12

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$4.9M$3.5M$4.7M$5.5M$6.8M
Current assets$28.4M$15.5M$21.8M$18.2M$20.7M
Total assets$81.5M$48.1M$53.5M$50.7M$54.6M
Current liabilities$17.1M$8.0M$6.8M$7.7M$8.4M
Long-term debt$4.8M$325,880$1.6M$3.2M$4.1M
Total liabilities$31.6M$17.9M$17.6M$21.0M$21.0M
Total equity$15.6M$30.2M$36.0M$29.7M$33.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-8.3M$521,037$-2.8M$1.5M$4.7M
Capital expenditure$1.3M$2.2M$3.1M$1.6M$3.2M
Free cash flow$-9.6M$-1.7M$-5.9M$-162,486$1.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$19.1M108.9%$-4.1M$-0.07
Q2 FY2026$16.4M120.2%$-9.4M$-0.20
Q1 FY2026$15.1M79.3%$-2.9M$-0.07
Q4 FY2025$12.2M41.4%$-7.1M$-0.16
Q3 FY2025$9.2M19.1%$-3.6M$-0.09
Q2 FY2025$7.4M1.5%$-2.6M$-0.07
Q1 FY2025$8.4M4.0%$-1.6M$-0.04
Q4 FY2024$8.6M-10.8%$-2.4M$-0.06

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Latest annual periodFY2025 (ended June 30, 2025)
Latest reported quarterQ3 FY2026 (ended March 31, 2026)
Oldest indexed filing2006
SEC CIK889971

Selected SEC filings

10-Q2026-05-07
View on EDGAR →
10-Q2026-02-11
View on EDGAR →
8-K2026-07-23
View on EDGAR →
8-K2026-06-03
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-02-27
View on EDGAR →

Largest semiconductor peers

All semiconductor stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.