Filing Flows › Lightpath Technologies (LPTH) › Q3 FY26
Lightpath Technologies (LPTH) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 7, 2026
Lightpath Technologies (LPTH) reported revenue of $19.1M for the third quarter fiscal 2026 (Q3 FY26), +109% from a year earlier and +17% from the quarter before. Operating margin was -22.2%, net loss $4.1M (21.4% of revenue).
Lightpath Technologies, Q3 FY26: revenue $19.1M (+109% year over year), operating margin -22.2%, net loss $4.1M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.1M | +17% | +109% |
| Operating profit | −$4.3M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$6.8M | -341% | — |
What changed
Revenue was $19.1M in Q3 FY26, up 109% year over year and up 17% from the previous quarter. Assemblies and Modules was the largest line at 44% of revenue. Assemblies and Modules added $6.6M year over year (up 355%), 66% of the total change. Engineering Services declined 29%.
Gross margin was 36.3%, up 7.3 points from Q3 FY25. Operating costs exceeded revenue by $4.3M, an operating margin of -22.2%. Operating expenses grew 83% against revenue growth of 109%. The fastest-growing cost line was Other operating costs (+325%). The quarter ended with a net loss of $4.1M, narrower than the previous quarter's $9.4M loss.
Operating cash flow was −$6.8M. Non-cash charges added back $1.3M of depreciation and amortization and $563K of share-based compensation. Working capital and other items used $4.5M. Capital expenditures of $899K exceeded it, leaving free cash flow of −$7.7M.
Questions
What was Lightpath Technologies' revenue in the third quarter fiscal 2026?
Lightpath Technologies (LPTH) reported revenue of $19.1M for the third quarter fiscal 2026 (Q3 FY26), +109% from a year earlier and +17% from the quarter before.
Was Lightpath Technologies profitable in the third quarter fiscal 2026?
Operating loss was $4.3M (-22.2% of revenue) and net loss $4.1M.