Filing Flows › Lightpath Technologies (LPTH) › Q1 FY26
Lightpath Technologies (LPTH) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 12, 2025
Lightpath Technologies (LPTH) reported revenue of $15.1M for the first quarter fiscal 2026 (Q1 FY26), +79% from a year earlier and +23% from the quarter before. Operating margin was -16.6%, net loss $2.9M (19.2% of revenue).
Lightpath Technologies, Q1 FY26: revenue $15.1M (+79% year over year), operating margin -16.6%, net loss $2.9M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.1M | +23% | +79% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $15.1M in Q1 FY26, up 79% year over year and up 23% from the previous quarter. Assemblies and modules was the largest line at 39% of revenue. Assemblies and modules added $4.8M year over year (up 436%), 72% of the total change. Engineering services declined 21%.
Gross margin was 29.8%, down 4.1 points from a year earlier. Operating costs exceeded revenue by $2.5M, an operating margin of -16.6%. Operating expenses grew 66% against revenue growth of 79%. The fastest-growing cost line was Other operating costs (+266%). The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $7.1M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $1.2M of depreciation and amortization and $360K of share-based compensation. Working capital and other items added $172K. Capital expenditures of $77K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Lightpath Technologies' revenue in the first quarter fiscal 2026?
Lightpath Technologies (LPTH) reported revenue of $15.1M for the first quarter fiscal 2026 (Q1 FY26), +79% from a year earlier and +23% from the quarter before.
Was Lightpath Technologies profitable in the first quarter fiscal 2026?
Operating loss was $2.5M (-16.6% of revenue) and net loss $2.9M.