NASDAQ : LEDS
SemiLEDs Corporation — Financial statements
Technology · Semiconductors · Taiwan
Last price 2.09 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.29M
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Financial statements
SemiLEDs Corporation (LEDS) reported revenue of 25.93M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 25.93M | 43.01M | 5.18M | 5.98M | 7.05M | 4.74M |
| Cost of Revenue | 23.22M | 40.58M | 4.13M | 4.97M | 5.65M | 3.70M |
| Gross Profit | 2.71M | 2.43M | 1.05M | 1.01M | 1.40M | 1.03M |
| Selling, General & Admin | 2.81M | 2.87M | 2.89M | 3.06M | 3.31M | 3.61M |
| Research & Development | 1.36M | 1.15M | 1.16M | 1.35M | 1.48M | 1.62M |
| Operating Expenses | 4.17M | 4.03M | 4.05M | 4.41M | 4.79M | 5.24M |
| Operating Income | -1.46M | -1.59M | -3.00M | -3.40M | -3.40M | -4.20M |
| Interest Expense | -55.00K | -141.00K | -247.00K | -287.00K | -369.00K | -371.00K |
| Currency Exchange Gain (Loss) | 319.00K | 464.00K | -13.00K | -52.00K | -642.00K | 342.00K |
| Other Non Operating Income (Expenses) | 1.10M | 1.10M | 1.18M | 1.05M | 1.49M | 1.09M |
| EBT Excluding Unusual Items | -92.00K | -172.00K | -2.08M | -2.69M | -2.92M | -3.14M |
| Gain (Loss) on Sale of Investments | -953.00K | -958.00K | -3.00K | -1.00K | ||
| Gain (Loss) on Sale of Assets | 29.00K | 49.00K | 196.00K | 286.00K | ||
| Pretax Income | -1.02M | -1.13M | -2.03M | -2.69M | -2.73M | -2.86M |
| Earnings From Continuing Operations | -1.02M | -1.13M | -2.03M | -2.69M | -2.73M | -2.86M |
| Minority Interest in Earnings | -5.00K | -18.00K | 6.00K | |||
| Net Income | -1.02M | -1.13M | -2.04M | -2.69M | -2.74M | -2.85M |
| Net Income to Common | -1.02M | -1.13M | -2.04M | -2.69M | -2.74M | -2.85M |
| Shares Outstanding (Basic) | 8.24M | 7.72M | 6.32M | 4.88M | 4.52M | 4.18M |
| Shares Outstanding (Diluted) | 8.24M | 7.72M | 6.32M | 4.88M | 4.52M | 4.18M |
| EPS (Basic) | -0.12 | -0.15 | -0.32 | -0.55 | -0.61 | -0.68 |
| EPS (Diluted) | -0.13 | -0.15 | -0.32 | -0.55 | -0.61 | -0.68 |
| Free Cash Flow | 3.88M | 1.64M | -488.00K | -1.18M | -1.79M | -1.85M |
| Free Cash Flow Per Share | 0.47 | 0.21 | -0.08 | -0.24 | -0.40 | -0.44 |
| Gross Margin | 10.46% | 5.65% | 20.32% | 16.84% | 19.81% | 21.82% |
| Operating Margin | -5.62% | -3.71% | -57.84% | -56.93% | -48.16% | -88.79% |
| Profit Margin | -3.92% | -2.63% | -39.28% | -44.99% | -38.92% | -60.21% |
| Free Cash Flow Margin | 14.97% | 3.82% | -9.41% | -19.80% | -25.36% | -39.18% |
| EBITDA | -724.00K | -878.00K | -2.39M | -2.40M | -2.46M | -3.31M |
| EBITDA Margin | -2.79% | -2.04% | -46.03% | -40.16% | -34.86% | -69.84% |
| D&A For EBITDA | 732.00K | 717.00K | 612.00K | 1.00M | 938.00K | 897.00K |
| EBIT | -1.46M | -1.59M | -3.00M | -3.40M | -3.40M | -4.20M |
| EBIT Margin | -5.62% | -3.71% | -57.84% | -56.93% | -48.16% | -88.79% |
| Advertising Expenses | 3.00K | 2.00K | 4.00K | 1.00K |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.98M | 2.59M | 1.67M | 2.57M | 4.27M | 4.83M |
| Cash & Short-Term Investments | 5.98M | 2.59M | 1.67M | 2.57M | 4.27M | 4.83M |
| Receivables | 2.19M | 3.59M | 416.00K | 793.00K | 880.00K | 865.00K |
| Inventory | 4.74M | 4.78M | 3.57M | 4.02M | 3.78M | 3.94M |
| Prepaid Expenses | 960.00K | 345.00K | 223.00K | 129.00K | 123.00K | 329.00K |
| Restricted Cash | 78.00K | 82.00K | 90.00K | |||
| Total Current Assets | 13.87M | 11.30M | 5.88M | 7.59M | 9.14M | 10.05M |
| Property, Plant & Equipment | 3.27M | 3.85M | 3.89M | 4.60M | 5.72M | 6.88M |
| Long-Term Investments | 47.00K | 65.00K | 969.00K | 974.00K | 922.00K | 1.01M |
| Other Intangible Assets | 106.00K | 100.00K | 90.00K | 97.00K | 102.00K | 126.00K |
| Other Long-Term Assets | 250.00K | 272.00K | 306.00K | 186.00K | 170.00K | 169.00K |
| Total Assets | 17.54M | 15.59M | 11.14M | 13.46M | 16.05M | 18.24M |
| Accounts Payable | 4.87M | 5.03M | 137.00K | 436.00K | 286.00K | 753.00K |
| Accrued Expenses | 2.36M | 2.45M | 2.27M | 2.03M | 1.95M | 2.18M |
| Current Portion of Long-Term Debt | 1.26M | 1.27M | 2.85M | 5.04M | 5.06M | 5.11M |
| Current Portion of Leases | 107.00K | 145.00K | 94.00K | 139.00K | 143.00K | 98.00K |
| Other Current Liabilities | 4.88M | 2.49M | 1.66M | 2.05M | 1.81M | 1.37M |
| Total Current Liabilities | 13.49M | 11.38M | 7.02M | 9.70M | 9.26M | 9.51M |
| Long-Term Debt | 77.00K | 434.00K | 870.00K | 1.33M | 1.87M | 2.57M |
| Long-Term Leases | 900.00K | 996.00K | 997.00K | 1.23M | 1.44M | 1.54M |
| Total Liabilities | 14.46M | 12.81M | 8.89M | 12.26M | 12.56M | 13.61M |
| Additional Paid-In Capital | 189.06M | 188.94M | 187.34M | 184.25M | 183.71M | 182.25M |
| Retained Earnings | -189.63M | -189.81M | -188.68M | -186.65M | -183.96M | -181.21M |
| Comprehensive Income & Other | 3.65M | 3.65M | 3.54M | 3.55M | 3.70M | 3.54M |
| Total Common Equity | 3.08M | 2.78M | 2.20M | 1.15M | 3.45M | 4.59M |
| Minority Interest | 48.00K | 43.00K | 45.00K | 39.00K | ||
| Shareholders' Equity | 3.08M | 2.78M | 2.25M | 1.19M | 3.50M | 4.63M |
| Total Liabilities & Equity | 17.54M | 15.59M | 11.14M | 13.46M | 16.05M | 18.24M |
| Total Debt | 2.35M | 2.85M | 4.82M | 7.74M | 8.51M | 9.31M |
| Net Cash (Debt) | 3.63M | -256.00K | -3.14M | -5.17M | -4.23M | -4.48M |
| Net Cash Per Share | 0.44 | -0.03 | -0.50 | -1.06 | -0.94 | -1.07 |
| Filing Date Shares Outstanding | 8.27M | 8.23M | 7.21M | 4.94M | 4.83M | 4.46M |
| Total Common Shares Outstanding | 8.27M | 8.23M | 7.21M | 4.94M | 4.83M | 4.46M |
| Working Capital | 383.00K | -81.00K | -1.14M | -2.11M | -112.00K | 547.00K |
| Book Value Per Share | 0.37 | 0.34 | 0.31 | 0.23 | 0.71 | 1.03 |
| Tangible Book Value | 2.97M | 2.68M | 2.11M | 1.05M | 3.35M | 4.46M |
| Tangible Book Value Per Share | 0.36 | 0.33 | 0.29 | 0.21 | 0.69 | 1.00 |
| Buildings | 13.71M | 14.01M | 13.26M | 13.14M | 13.70M | 15.00M |
| Machinery | 28.49M | 30.07M | 28.60M | 28.77M | 29.93M | 36.97M |
| Construction In Progress | 23.00K | 14.00K | 118.00K | 81.00K | ||
| Leasehold Improvements | 159.00K | 163.00K | 153.00K | 154.00K | 161.00K | 176.00K |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.02M | -1.13M | -2.04M | -2.69M | -2.74M | -2.85M |
| Depreciation & Amortization | 732.00K | 717.00K | 612.00K | 1.00M | 938.00K | 897.00K |
| Loss (Gain) From Sale of Assets | -29.00K | -49.00K | 3.00K | -187.00K | -286.00K | |
| Loss (Gain) on Equity Investments | 953.00K | 958.00K | 3.00K | |||
| Stock-Based Compensation | 134.00K | 92.00K | 282.00K | 518.00K | 459.00K | 186.00K |
| Provision & Write-off of Bad Debts | 115.00K | 115.00K | 126.00K | 540.00K | ||
| Other Operating Activities | 545.00K | 323.00K | 416.00K | 627.00K | 825.00K | 803.00K |
| Change in Accounts Receivable | -2.19M | -3.21M | 460.00K | -147.00K | 171.00K | 158.00K |
| Change in Inventory | 6.35M | -1.47M | 28.00K | -1.01M | -940.00K | -1.97M |
| Change in Accounts Payable | -2.61M | 4.99M | -289.00K | 157.00K | -388.00K | 175.00K |
| Change in Other Net Operating Assets | 1.04M | 821.00K | 208.00K | 553.00K | 232.00K | 615.00K |
| Operating Cash Flow | 4.03M | 2.21M | -365.00K | -984.00K | -1.51M | -1.74M |
| Capital Expenditures | -152.00K | -569.00K | -123.00K | -200.00K | -280.00K | -118.00K |
| Sale of Property, Plant & Equipment | 30.00K | 51.00K | 196.00K | 291.00K | ||
| Sale (Purchase) of Intangibles | -5.00K | -25.00K | -29.00K | -28.00K | -13.00K | -14.00K |
| Investment in Securities | -93.00K | |||||
| Other Investing Activities | -1.00K | -16.00K | ||||
| Investing Cash Flow | -127.00K | -595.00K | -101.00K | -321.00K | -113.00K | 159.00K |
| Long-Term Debt Repaid | -480.00K | -449.00K | -456.00K | -482.00K | -173.00K | |
| Net Debt Issued (Repaid) | -465.00K | -480.00K | -449.00K | -456.00K | -482.00K | -173.00K |
| Issuance of Common Stock | 995.00K | 4.17M | ||||
| Other Financing Activities | -142.00K | -23.00K | -12.00K | |||
| Financing Cash Flow | -465.00K | -622.00K | -449.00K | -456.00K | 490.00K | 3.99M |
| Foreign Exchange Rate Adjustments | 87.00K | -65.00K | 14.00K | 50.00K | 555.00K | -396.00K |
| Net Cash Flow | 3.53M | 930.00K | -901.00K | -1.71M | -576.00K | 2.02M |
| Free Cash Flow | 3.88M | 1.64M | -488.00K | -1.18M | -1.79M | -1.85M |
| Free Cash Flow Margin | 14.97% | 3.82% | -9.41% | -19.80% | -25.36% | -39.18% |
| Free Cash Flow Per Share | 0.47 | 0.21 | -0.08 | -0.24 | -0.40 | -0.44 |
| Levered Free Cash Flow | 3.13M | 524.00K | -924.12K | -694.88K | -1.15M | -2.31M |
| Unlevered Free Cash Flow | 3.16M | 612.12K | -769.75K | -515.50K | -917.50K | -2.07M |
| Cash Interest Paid | 158.00K | 171.00K | 288.00K | 371.00K | 371.00K | 374.00K |
| Change in Working Capital | 2.60M | 1.14M | 407.00K | -445.00K | -925.00K | -1.03M |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.96M | 15.34M | 9.72M | 8.55M | 11.82M | 44.58M |
| Enterprise Value | 13.33M | 15.94M | 13.02M | 13.58M | 17.68M | 52.47M |
| Last Close Price | 2.05 | 1.87 | 1.35 | 1.74 | 2.61 | 10.03 |
| PS Ratio | 0.65 | 0.36 | 1.87 | 1.43 | 1.68 | 9.41 |
| PB Ratio | 5.51 | 5.52 | 4.32 | 7.16 | 3.38 | 9.64 |
| P/TBV Ratio | 5.70 | 5.72 | 4.60 | 8.11 | 3.53 | 9.99 |
| P/FCF Ratio | 4.37 | 9.34 | ||||
| P/OCF Ratio | 4.21 | 6.93 | ||||
| EV/Sales Ratio | 0.51 | 0.37 | 2.51 | 2.27 | 2.51 | 11.08 |
| EV/FCF Ratio | 3.43 | 9.70 | ||||
| Debt / Equity Ratio | 0.76 | 1.02 | 2.14 | 6.48 | 2.43 | 2.01 |
| Debt / FCF Ratio | 0.60 | 1.73 | ||||
| Net Debt / Equity Ratio | -1.18 | 0.09 | 1.40 | 4.33 | 1.21 | 0.97 |
| Net Debt / EBITDA Ratio | 5.02 | -0.29 | -1.32 | -2.15 | -1.72 | -1.35 |
| Net Debt / FCF Ratio | -0.94 | 0.16 | -6.44 | -4.37 | -2.37 | -2.42 |
| Asset Turnover | 1.27 | 3.22 | 0.42 | 0.41 | 0.41 | 0.29 |
| Inventory Turnover | 2.79 | 9.72 | 1.09 | 1.27 | 1.47 | 1.16 |
| Quick Ratio | 0.61 | 0.54 | 0.30 | 0.35 | 0.56 | 0.60 |
| Current Ratio | 1.03 | 0.99 | 0.84 | 0.78 | 0.99 | 1.06 |
| Return on Equity (ROE) | -28.73% | -44.94% | -117.98% | -114.66% | -67.11% | -79.43% |
| Return on Assets (ROA) | -4.47% | -7.46% | -15.24% | -14.42% | -12.38% | -16.01% |
| Return on Capital Employed (ROCE) | -35.90% | -37.90% | -72.80% | -90.70% | -49.90% | -48.10% |
| Earnings Yield | -6.16% | -7.37% | -20.96% | -31.45% | -23.21% | -6.40% |
| FCF Yield | 22.88% | 10.71% | -5.02% | -13.84% | -15.12% | -4.16% |
| Buyback Yield / Dilution | -10.41% | -22.17% | -29.48% | -7.94% | -8.18% | -6.60% |