LIGHTPATH TECHNOLOGIES INC

LPTH

LIGHTPATH TECHNOLOGIES INC

LPTH

Insider Sentiment (TTM):

Last Purchase:2026-03-27Last Sale:2026-06-03Shares Purchased (TTM):180Shares Sold (TTM):5,366,730

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:32,440,256Shares Outstanding:58,628,741Institutional Ownership Pct.:55.33%

Earnings Market Reaction:

Filing Date:2026-05-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Assets Current
Restricted Cash	-	-	-	-	-	-	-	0	0	2	3	2
Cash And Cash Equivalents At Carrying Value	55	74	12	5	6	3	4	3	3	4	4	5
Accounts Receivable Net Current	11	9	10	9	8	5	5	5	5	5	5	7
Accounts Receivable Net	-	-	-	-	-	-	-	-	-	-	-	7
Inventory Net	13	13	13	13	13	6	7	7	7	8	8	7
Prepaid Expense Current	3	1	1	1	1	1	1	0	0	0	1	1
Other Receivables	-	-	-	-	-	-	-	-	-	-	0	-
Other Assets Current	0	0	0	0	0	0	0	0	0	0	-	0
Assets Current	83	97	35	28	28	16	17	16	16	19	20	22
Property Plant And Equipment And Finance Lease Rig…	16	15	15	16	15	14	15	15	16	16	16	13
Operating Lease Right Of Use Asset	8	7	8	7	6	6	7	7	7	7	8	10
Intangible Assets Net Excluding Goodwill	18	15	-	-	-	-	-	-	-	-	-	-
Goodwill	19	14	14	14	10	7	7	7	7	7	9	6
Deferred Tax Assets Net	-	-	-	-	-	-	-	-	-	0	0	0
Finite Lived Intangible Assets Net	-	15	16	16	21	3	3	4	4	5	3	3
Deferred Income Tax Assets Net	0	0	0	0	-	-	-	0	-	-	-	-
Other Assets Noncurrent	0	0	0	0	0	0	0	0	0	0	0	0
Assets	144	149	87	82	81	46	48	48	50	54	55	54
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	6	6	5	7	6	3	3	3	3	3	3	3
Accrued Liabilities Current	11	14	8	6	3	1	1	2	2	2	2	1
Employee Related Liabilities Current	3	2	2	2	2	1	1	1	1	1	1	1
Operating Lease Liability Current	1	1	1	1	1	1	1	1	1	1	1	1
Loans Payable Current	0	0	0	0	0	3	3	0	0	2	1	1
Finance Lease Liability Current	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities Current	22	24	18	17	12	10	10	8	8	10	9	7
Deferred Tax Liabilities	-	-	-	-	-	-	-	-	-	0	0	0
Deferred Income Tax Liabilities Net	0	0	0	0	1	0	0	0	0	-	-	0
Other Accrued Liabilities Noncurrent	-	-	-	1	1	0	0	1	1	1	1	0
Finance Lease Liability Noncurrent	0	0	0	0	0	0	0	1	1	0	0	0
Operating Lease Liability Noncurrent	9	8	8	8	8	8	8	8	8	9	9	8
Long Term Loans Payable	0	0	5	5	5	0	0	0	0	0	1	2
Contract With Customer Liability	-	-	-	-	4	-	-	-	-	-	-	-
Liabilities	31	36	32	32	31	19	19	18	18	20	20	18
Commitments And Contingen…
Stockholders Equity
Preferred Stock Value	-	-	-	0	-	0	0	0	0	0	0	0
Common Stock Value	1	1	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	334	319	254	245	239	246	246	245	244	243	243	243
Accumulated Other Comprehensive Income Loss Net Of…	1	1	1	1	0	0	1	1	1	1	0	1
Retained Earnings Accumulated Deficit	-247	-243	-234	-231	-224	-220	-217	-216	-213	-211	-209	-208
Stockholders Equity	89	78	21	16	16	27	29	30	32	34	35	36
Liabilities And Stockholders Equity	144	149	87	82	81	46	48	48	50	54	55	54
Series G Convertible Preferred Stock	-	-	-	-	0	-	-	-	-	-	-	-
Allowance For Doubtful Accounts Receivable Current	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Par Or Stated Value Per Share	-	-	-	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	-	-	-	1	1	1	1	1	1	1	1	1
Preferred Stock Shares Issued	-	-	-	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	-	-	-	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	95	95	95	95	95	95	95	95	95	45	45	45
Common Stock Shares Issued	61	54	45	43	43	40	40	39	38	38	37	37
Shares Outstanding	61	54	43	43	43	40	40	39	38	38	37	37

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	19.40%	59.02%	41.38%	7.79%	6.91%	33.40%	41.15%	9.14%	-9.98%	-	-	-
2025	5.06%	120.89%	104.43%	-23.16%	-38.95%	-12.63%	40.27%	46.61%	64.25%	-5.82%	-15.19%	2.53%
2024	-12.23%	-9.35%	0.00%	-2.58%	-10.97%	-9.68%	-2.26%	-5.26%	8.27%	22.05%	22.83%	44.09%
2023	-	-	-	-	-	-	11.85%	0.00%	37.78%	-16.00%	-9.71%	-30.29%
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Performance and Valuation Metrics

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Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	3.86	3.97	1.98	1.66	2.30	1.53	1.73	1.93	2.01	1.93	2.34	3.18
Quick Ratio	3.08	3.37	1.19	0.84	1.16	0.84	0.97	1.06	1.06	1.11	1.40	2.02
Working Capital	61.47M	72.58M	17.40M	11.27M	15.85M	5.42M	7.07M	7.50M	7.80M	9.05M	11.45M	14.93M
Leverage & Debt
Debt to Equity	0.35	0.47	1.47	2.02	1.99	0.72	0.65	0.59	0.57	0.60	0.59	0.49
Interest Coverage TTM	-17.45	-14.08	-10.46	-10.57	-11.23	-21.70	-28.04	-40.79	-17.94	-12.07	-8.41	-8.13
Debt Ratio	0.22	0.24	0.36	0.39	0.38	0.42	0.39	0.37	0.36	0.38	0.37	0.33
Efficiency & Turnover
Asset Turnover TTM	0.56	0.54	0.65	0.57	0.51	0.64	0.62	0.62	0.62	0.64	0.65	0.63
Days Sales Outstanding TTM	53.64	47.93	61.55	70.56	66.82	56.68	58.20	66.52	51.90	52.90	54.50	73.53
Receivables Turnover TTM	6.80	7.62	5.93	5.17	5.46	6.44	6.27	5.49	7.03	6.90	6.70	4.96
Per Share Metrics
Diluted EPS TTM	-0.40	-0.49	-0.37	-0.36	-0.25	-0.23	-0.21	-0.21	-0.17	-0.13	-0.11	0.13
Free Cash Flow Per Share TTM	-0.18	-0.13	-0.21	-0.23	-0.16	-0.09	-0.09	-0.04	-0.11	-0.14	-0.13	-0.19
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	32.10%	30.04%	26.83%	27.23%	29.63%	27.70%	28.53%	27.21%	28.03%	31.14%	33.21%	33.63%
Operating Profit Margin TTM	-31.64%	-36.12%	-29.53%	-31.78%	-28.32%	-26.91%	-24.81%	-24.67%	-19.59%	-14.76%	-10.61%	-10.79%
Net Profit Margin TTM	-37.38%	-43.45%	-36.81%	-39.98%	-30.25%	-28.56%	-25.86%	-25.24%	-19.72%	-15.48%	-11.91%	-12.29%
Growth Metrics
Net Revenue Growth (1Y)	86.66%	64.15%	36.85%	17.26%	2.59%	-1.01%	-4.74%	-3.67%	1.93%	-1.71%	-0.53%	-7.38%
Net Income Growth (1Y)	130.66%	149.69%	94.79%	85.74%	57.39%	82.69%	106.75%	97.87%	40.55%	27.96%	-6.58%	14.25%
EPS Growth (1Y)	62.74%	111.07%	78.02%	72.43%	44.55%	72.45%	95.62%	64.97%	29.95%	-7.29%	-32.44%	-2.43%
Valuation Metrics
P/E TTM	-25.07	-22.13	-21.26	-8.46	-8.17	-15.27	-6.54	-5.97	-8.11	-9.40	-13.54	-10.55
P/B TTM	6.60	6.51	16.01	8.05	5.29	5.25	1.84	1.58	1.65	1.40	1.56	1.19
P/S TTM	9.37	9.62	7.83	3.38	2.47	4.36	1.69	1.51	1.60	1.45	1.61	1.30
Market Cap	588.05M	507.59M	343.27M	125.89M	83.14M	140.24M	54.20M	47.81M	52.42M	47.25M	54.28M	42.71M
Enterprise Value	533.66M	434.69M	332.48M	121.82M	77.51M	140.76M	53.56M	45.25M	50.34M	43.96M	49.14M	37.03M
Calculated Values
Free Cash Flow TTM	-10.29M	-6.26M	-9.03M	-9.59M	-6.49M	-3.63M	-3.63M	-1.66M	-4.08M	-5.36M	-5.04M	-5.89M
Net Debt	-54.39M	-72.89M	-10.79M	-4.08M	-5.63M	516.14K	-642.02K	-2.57M	-2.09M	-3.29M	-5.14M	-5.68M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-03Sale

Owner: Hammer, Todd B, Ellis Tho…

Title: -

Shares: 3,571,400

Price/Share: $14.00

Value: $49,999,600.00

Shares Owned: 2,934,828

Relationship: Director,TenPercentOwner,Other

Ownership: Indirect

2026-05-18Sale

Owner: Hammer, Todd B, Ellis Tho…

Title: -

Shares: 55,284

Price/Share: $12.32

Value: $681,098.88

Shares Owned: 2,934,828

Relationship: Director,TenPercentOwner,Other

Ownership: Indirect

2026-05-14Sale

Owner: North, Run Strategic Oppo…

Title: -

Shares: 165,000

Price/Share: $12.16

Value: $2,006,400.00

Shares Owned: 2,990,112

Relationship: Director,TenPercentOwner,Other

Ownership: Indirect

2026-03-27Purchase

Owner: Rubin, Shmuel

Title: President & CEO

Shares: 180

Price/Share: $9.70

Value: $1,746.00

Shares Owned: 260,844

Relationship: Officer

Ownership: Direct

2026-03-25Sale

Owner: North, Run Strategic Oppo…

Title: -

Shares: 302,352

Price/Share: $12.31

Value: $3,721,953.12

Shares Owned: 3,283,164

Relationship: Director,TenPercentOwner

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-03	Hammer, Todd B, Ellis Tho…	Director,TenPercentOwner,Other	-	Indirect	Sale	3,571,400	14.00	$49,999,600.00	2,934,828	4
2026-05-18	Hammer, Todd B, Ellis Tho…	Director,TenPercentOwner,Other	-	Indirect	Sale	55,284	12.32	$681,098.88	2,934,828	4
2026-05-14	North, Run Strategic Oppo…	Director,TenPercentOwner,Other	-	Indirect	Sale	165,000	12.16	$2,006,400.00	2,990,112	4
2026-03-27	Rubin, Shmuel	Officer	President & CEO	Direct	Purchase	180	9.70	$1,746.00	260,844	4
2026-03-25	North, Run Strategic Oppo…	Director,TenPercentOwner	-	Indirect	Sale	302,352	12.31	$3,721,953.12	3,283,164	4
2026-03-18	Ellis, Thomas B, Hammer T…	Director,TenPercentOwner,Other	-	Indirect	Sale	16,000	12.00	$192,000.00	2,900,073	4
2026-03-04	Ellis, Thomas B, North Ru…	Director,TenPercentOwner,Other	-	Indirect	Sale	55,000	12.09	$664,950.00	3,020,527	4
2026-02-25	Ellis, Thomas B, North Ru…	Director,TenPercentOwner,Other	-	Indirect	Sale	300,092	12.18	$3,655,120.56	2,955,522	4
2026-02-24	Ellis, Thomas B, Hammer T…	Director,TenPercentOwner,Other	-	Indirect	Sale	131,281	12.02	$1,577,997.62	3,255,514	4
2026-01-05	North, Run Gp, Lp, North …	Director,TenPercentOwner,Other	-	Indirect	Sale	770,321	11.72	$9,028,162.12	2,728,968	4
2025-02-25	Rubin, Shmuel	Director,Officer	Chief Executive Officer	Direct	Purchase	1,000	2.45	$2,450.00	227,722	4
2025-02-20	Crider, Kimberly Anne	Director	-	Direct	Purchase	1,000	2.51	$2,510.00	44,796	4
2025-02-19	Rubin, Shmuel	Director,Officer	Chief Executive Officer	Direct	Purchase	1,000	2.56	$2,560.00	226,722	4
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Institutional Ownership

No data available for chart

2026-03-31

55.33%

Inst. Shares: 32,440,256

Shares Outstanding: 58,628,741

2025-12-31

57.02%

Inst. Shares: 26,800,236

Shares Outstanding: 46,998,804

2025-09-30

38.88%

Inst. Shares: 16,829,123

Shares Outstanding: 43,287,933

2025-06-30

39.37%

Inst. Shares: 16,093,129

Shares Outstanding: 40,874,068

2025-03-31

37.54%

Inst. Shares: 15,526,272

Shares Outstanding: 41,363,643

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	32,440,256	58,628,741	55.33%
2025-12-31	26,800,236	46,998,804	57.02%
2025-09-30	16,829,123	43,287,933	38.88%
2025-06-30	16,093,129	40,874,068	39.37%
2025-03-31	15,526,272	41,363,643	37.54%
2024-12-31	16,343,247	39,728,933	41.14%
2024-09-30	15,921,874	39,561,480	40.25%
2024-06-30	16,275,121	37,944,935	42.89%
2024-03-31	15,412,960	37,944,935	40.62%
2023-12-31	16,532,984	37,431,748	44.17%
2023-09-30	16,171,406	37,431,748	43.20%
2023-06-30	15,428,914	31,637,445	48.77%
Additional institutional holders are for subscribers only. Unlock the complete Form 13F ownership history Start 7-day free trial

LIGHTPATH TECHNOLOGIES INC (LPTH) — SEC Financial Statements & Analysis

LIGHTPATH TECHNOLOGIES INC (LPTH) is a semiconductors & related devices company, incorporated in DE. LIGHTPATH TECHNOLOGIES INC trades on Nasdaq as: LPTH. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), LIGHTPATH TECHNOLOGIES INC reported a 86.66% year-over-year revenue growth, a Gross Profit Margin of 32.10% (TTM), a Debt-to-Equity ratio of 0.35x, a Price-to-Sales (P/S) ratio of 9.37x (TTM), a Price-to-Book (P/B) ratio of 6.60x (TTM), at a market cap of $588.05M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 86.66%
Gross Profit Margin TTM: 32.10%
Debt To Equity: 0.35x
P/S TTM: 9.37x
P/B TTM: 6.60x
Market Cap: $588.05M

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is LIGHTPATH TECHNOLOGIES INC in?

LIGHTPATH TECHNOLOGIES INC (LPTH) operates in the Semiconductors & Related Devices industry.

What is LPTH's market cap?

LIGHTPATH TECHNOLOGIES INC (LPTH) has a market capitalization of $588.05M as of 2026-03-31.

What exchange does LPTH trade on?

LIGHTPATH TECHNOLOGIES INC (LPTH) trades on the Nasdaq.

Where is LIGHTPATH TECHNOLOGIES INC incorporated?

LIGHTPATH TECHNOLOGIES INC is incorporated in DE.