LightPath Technologies, Inc. (LPTH) FY2026 earnings

Reported results

• Revenue for fiscal 2026 increased 92.7% to $71.7 million from $37.2 million in fiscal 2025
• Gross profit increased 155.4% to $25.8 million, or 36.0% of revenue, in fiscal 2026 compared to $10.1 million, or 27.2% of revenue, in fiscal 2025
• Net loss for fiscal 2026 totaled $20.5 million, or $0.38 per basic and diluted share, compared to net loss of $14.9 million, or $0.36 per basic and diluted share, in fiscal 2025
• Adjusted EBITDA (non-GAAP) for fiscal 2026 grew to $4.2 million, or 6% of revenue, compared to adjusted EBITDA loss of $5.1 million, or -14% of revenue, in fiscal 2025
• Record order backlog of $110.9 million at June 30, 2026, up 197% from $37.4 million at June 30, 2025, with approximately $85.6 million scheduled for delivery within the next twelve months
• Cash and cash equivalents at June 30, 2026 totaled $93.2 million, compared to $4.9 million at June 30, 2025

Notes

The company completed a $50.0 million primary offering of common stock at $14.00 per share in June 2026. Operating expenses include non-cash fair value adjustments to acquisition earnout liabilities: $15.6 million for fiscal 2026 versus $1.6 million for fiscal 2025, primarily related to G5 Infrared’s strong performance. The company signed a definitive agreement to divest its Chinese subsidiary LPOIZ for $4.5 million payable in installments over five years. Net loss was impacted by $14.1 million year-over-year increase in non-cash change in fair value of acquisition earnout liabilities.

Price and volatility reaction

The stock moved -5.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +6.2 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-10 (8-K, Item 2.02). Read the original filing on sec.gov.