Filing Flows › Lightpath Technologies (LPTH) › Q4 FY25
Lightpath Technologies (LPTH) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Sep 26, 2025
Lightpath Technologies (LPTH) reported revenue of $12.2M for the fourth quarter fiscal 2025 (Q4 FY25), +41% from a year earlier and +33% from the quarter before. Operating margin was -36.9%, net loss $7.1M (57.8% of revenue).
Lightpath Technologies, Q4 FY25: revenue $12.2M (+41% year over year), operating margin -36.9%, net loss $7.1M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.2M | +33% | +41% |
| Operating profit | −$4.5M | — | — |
| Net earnings | −$7.1M | — | — |
| Operating cash flow | −$2.6M | — | — |
What changed
Revenue was $12.2M in Q4 FY25, up 41% year over year and up 33% from the previous quarter. Infrared Components was the largest line at 41% of revenue.
Gross margin was 22.0%, down 7.2 points from a year earlier. Operating costs exceeded revenue by $4.5M, an operating margin of -36.9%. Operating expenses grew 52% against revenue growth of 41%. The fastest-growing cost line was Other operating costs (+155%). The quarter ended with a net loss of $7.1M, wider than the previous quarter's $3.6M loss.
Operating cash flow was −$2.6M. Non-cash charges added back $792K of depreciation and amortization and $298K of share-based compensation. Working capital and other items added $3.3M. Capital expenditures of $682K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Lightpath Technologies' revenue in the fourth quarter fiscal 2025?
Lightpath Technologies (LPTH) reported revenue of $12.2M for the fourth quarter fiscal 2025 (Q4 FY25), +41% from a year earlier and +33% from the quarter before.
Was Lightpath Technologies profitable in the fourth quarter fiscal 2025?
Operating loss was $4.5M (-36.9% of revenue) and net loss $7.1M.