Filing Flows › Lightpath Technologies (LPTH) › Q4 FY26
Lightpath Technologies (LPTH) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Sep 11, 2026
Lightpath Technologies (LPTH) reported revenue of $21.2M for the fourth quarter fiscal 2026 (Q4 FY26), +73% from a year earlier and +11% from the quarter before. Operating margin was -20.3%, net loss $4.1M (19.6% of revenue).
Lightpath Technologies, Q4 FY26: revenue $21.2M (+73% year over year), operating margin -20.3%, net loss $4.1M, operating cash flow −$5.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.2M | +11% | +73% |
| Operating profit | −$4.3M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$5.1M | — | — |
What changed
Revenue was $21.2M in Q4 FY26, up 73% year over year and up 11% from the previous quarter. Assemblies and Modules was the largest line at 49% of revenue.
Gross margin was 39.4%, up 17.4 points from Q4 FY25. Operating costs exceeded revenue by $4.3M, an operating margin of -20.3%. Operating expenses grew 76% against revenue growth of 73%. The fastest-growing cost line was Other operating costs (+144%). The quarter ended with a net loss of $4.1M, wider than the previous quarter's $4.1M loss.
Operating cash flow was −$5.1M. Non-cash charges added back $1.3M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $4.4M exceeded it, leaving free cash flow of −$9.5M.
Questions
What was Lightpath Technologies' revenue in the fourth quarter fiscal 2026?
Lightpath Technologies (LPTH) reported revenue of $21.2M for the fourth quarter fiscal 2026 (Q4 FY26), +73% from a year earlier and +11% from the quarter before.
Was Lightpath Technologies profitable in the fourth quarter fiscal 2026?
Operating loss was $4.3M (-20.3% of revenue) and net loss $4.1M.