NASDAQ : LNSR
LENSAR, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 5.8 USD (Oct 30, 2026, 3:27 PM EDT) · Market cap 71.26M
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Financial statements
LENSAR, Inc. (LNSR) reported revenue of 60.26M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 60.26M | 58.44M | 53.49M | 42.16M | 35.36M | 34.46M |
| Cost of Revenue | 31.13M | 31.31M | 27.64M | 21.06M | 15.40M | 16.63M |
| Gross Profit | 29.13M | 27.12M | 25.85M | 21.11M | 19.95M | 17.83M |
| Selling, General & Admin | 43.79M | 45.16M | 26.49M | 26.10M | 27.17M | 23.89M |
| Research & Development | 5.32M | 5.62M | 5.33M | 6.14M | 11.81M | 12.36M |
| Amortization of Goodwill & Intangibles | 916.00K | 921.00K | 970.00K | 1.10M | 1.15M | 1.24M |
| Operating Expenses | 50.03M | 51.70M | 32.79M | 33.34M | 40.13M | 37.48M |
| Operating Income | -20.90M | -24.58M | -6.94M | -12.23M | -20.18M | -19.65M |
| Interest & Investment Income | 79.00K | 91.00K | 103.00K | 85.00K | 17.00K | 34.00K |
| Other Non Operating Income (Expenses) | 32.74M | -9.79M | -20.84M | -2.24M | 246.00K | 17.00K |
| EBT Excluding Unusual Items | 11.92M | -34.28M | -27.68M | -14.38M | -19.91M | -19.60M |
| Asset Writedown | -3.73M | |||||
| Pretax Income | 34.70M | -34.28M | -31.40M | -14.38M | -19.91M | -19.60M |
| Net Income | 34.70M | -34.28M | -31.40M | -14.38M | -19.91M | -19.60M |
| Preferred Dividends & Other Adjustments | 20.00M | |||||
| Net Income to Common | 14.70M | -34.28M | -31.40M | -14.38M | -19.91M | -19.60M |
| Shares Outstanding (Basic) | 12.14M | 11.96M | 11.52M | 10.97M | 10.16M | 9.37M |
| Shares Outstanding (Diluted) | 18.04M | 11.96M | 11.52M | 10.97M | 10.16M | 9.37M |
| EPS (Basic) | 1.21 | -2.87 | -2.73 | -1.31 | -1.96 | -2.09 |
| EPS (Diluted) | 0.53 | -2.87 | -2.73 | -1.31 | -1.96 | -2.09 |
| Free Cash Flow | -7.33M | -14.91M | -2.43M | -9.89M | -14.97M | -9.32M |
| Free Cash Flow Per Share | -0.41 | -1.25 | -0.21 | -0.90 | -1.47 | -0.99 |
| Gross Margin | 48.34% | 46.41% | 48.33% | 50.06% | 56.44% | 51.75% |
| Operating Margin | -34.68% | -42.06% | -12.97% | -29.00% | -57.06% | -57.03% |
| Profit Margin | 24.39% | -58.66% | -58.71% | -34.11% | -56.32% | -56.88% |
| Free Cash Flow Margin | -12.16% | -25.52% | -4.54% | -23.47% | -42.34% | -27.05% |
| EBITDA | -16.33M | -20.08M | -3.00M | -8.71M | -16.77M | -18.10M |
| EBITDA Margin | -27.09% | -34.36% | -5.62% | -20.67% | -47.43% | -52.53% |
| D&A For EBITDA | 4.57M | 4.50M | 3.93M | 3.52M | 3.41M | 1.55M |
| EBIT | -20.90M | -24.58M | -6.94M | -12.23M | -20.18M | -19.65M |
| EBIT Margin | -34.68% | -42.06% | -12.97% | -29.00% | -57.06% | -57.03% |
| Revenue as Reported | 60.26M | 58.44M | 53.49M | 42.16M | 35.36M | 34.46M |
| Advertising Expenses | 727.00K | 580.00K | 617.00K | 465.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.56M | 12.97M | 16.26M | 20.62M | 14.67M | 31.64M |
| Short-Term Investments | 5.00M | 6.19M | 3.44M | |||
| Cash & Short-Term Investments | 13.56M | 17.98M | 22.45M | 24.06M | 14.67M | 31.64M |
| Accounts Receivable | 6.67M | 6.38M | 6.32M | 4.98M | 6.37M | 4.64M |
| Receivables | 6.67M | 6.67M | 6.72M | 5.31M | 6.57M | 4.99M |
| Inventory | 24.87M | 21.52M | 11.43M | 15.69M | 11.74M | 6.49M |
| Prepaid Expenses | 1.92M | 601.00K | 1.38M | 1.39M | 730.00K | 1.70M |
| Total Current Assets | 47.03M | 46.77M | 41.98M | 46.44M | 33.72M | 44.81M |
| Property, Plant & Equipment | 14.86M | 18.55M | 16.90M | 10.28M | 9.51M | 10.60M |
| Long-Term Investments | 492.00K | |||||
| Other Intangible Assets | 4.73M | 5.19M | 6.11M | 11.03M | 12.12M | 10.87M |
| Other Long-Term Assets | 2.36M | 191.00K | 149.00K | 66.00K | 55.00K | 64.00K |
| Total Assets | 69.56M | 71.43M | 66.30M | 69.58M | 55.84M | 66.47M |
| Accounts Payable | 11.19M | 18.98M | 6.00M | 4.01M | 5.42M | 2.69M |
| Accrued Expenses | 4.59M | 7.35M | 6.38M | 5.39M | 4.41M | 4.56M |
| Current Portion of Leases | 792.00K | 747.00K | 524.00K | 559.00K | 531.00K | 512.00K |
| Current Unearned Revenue | 2.93M | 3.07M | 1.68M | 1.35M | 768.00K | 904.00K |
| Other Current Liabilities | 139.00K | 10.42M | 432.00K | 324.00K | 291.00K | 45.00K |
| Total Current Liabilities | 19.64M | 40.57M | 15.00M | 11.63M | 11.42M | 8.71M |
| Long-Term Leases | 1.59M | 1.99M | 2.09M | 1.75M | 2.27M | 2.80M |
| Long-Term Unearned Revenue | 873.00K | 909.00K | 696.00K | 570.00K | 167.00K | 66.00K |
| Other Long-Term Liabilities | 18.77M | 40.19M | 29.86M | 8.46M | 3.00K | |
| Total Liabilities | 40.87M | 83.67M | 47.65M | 22.41M | 13.86M | 11.59M |
| Common Stock | 123.00K | 120.00K | 116.00K | 113.00K | 111.00K | 110.00K |
| Additional Paid-In Capital | 152.49M | 151.43M | 148.03M | 145.20M | 139.38M | 132.36M |
| Retained Earnings | -137.71M | -177.57M | -143.29M | -111.89M | -97.51M | -77.59M |
| Comprehensive Income & Other | 4.00K | 6.00K | 4.00K | |||
| Total Common Equity | 14.90M | -26.02M | 4.86M | 33.43M | 41.98M | 54.88M |
| Shareholders' Equity | 28.69M | -12.23M | 18.65M | 47.18M | 41.98M | 54.88M |
| Total Liabilities & Equity | 69.56M | 71.43M | 66.30M | 69.58M | 55.84M | 66.47M |
| Total Debt | 2.38M | 2.73M | 2.61M | 2.31M | 2.80M | 3.31M |
| Net Cash (Debt) | 11.18M | 15.24M | 19.84M | 21.75M | 11.87M | 28.32M |
| Net Cash Per Share | 0.62 | 1.27 | 1.72 | 1.98 | 1.17 | 3.02 |
| Filing Date Shares Outstanding | 12.29M | 12.10M | 11.79M | 11.40M | 11.10M | 10.99M |
| Total Common Shares Outstanding | 12.28M | 11.99M | 11.65M | 11.33M | 11.09M | 10.99M |
| Working Capital | 27.39M | 6.20M | 26.98M | 34.81M | 22.30M | 36.10M |
| Book Value Per Share | 1.21 | -2.17 | 0.42 | 2.95 | 3.78 | 4.99 |
| Tangible Book Value | 10.17M | -31.21M | -1.25M | 22.40M | 29.86M | 44.01M |
| Tangible Book Value Per Share | 0.83 | -2.60 | -0.11 | 1.98 | 2.69 | 4.00 |
| Machinery | 2.12M | 2.11M | 2.28M | 2.40M | 2.35M | |
| Construction In Progress | 293.00K | 188.00K | 55.00K | 184.00K | ||
| Leasehold Improvements | 112.00K | 112.00K | 112.00K | 112.00K | 112.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 34.70M | -34.28M | -31.40M | -14.38M | -19.91M | -19.60M |
| Depreciation & Amortization | 4.57M | 4.50M | 3.93M | 3.52M | 3.41M | 2.76M |
| Loss (Gain) From Sale of Assets | 58.00K | 7.00K | 11.00K | 133.00K | ||
| Asset Writedown & Restructuring Costs | 3.73M | |||||
| Loss (Gain) From Sale of Investments | -82.00K | -181.00K | -250.00K | -12.00K | ||
| Stock-Based Compensation | 2.76M | 3.14M | 2.67M | 5.54M | 6.61M | 6.87M |
| Provision & Write-off of Bad Debts | 29.00K | -53.00K | 65.00K | 1.00K | 36.00K | 74.00K |
| Other Operating Activities | -41.55M | 10.88M | 22.03M | 3.45M | 571.00K | 837.00K |
| Change in Accounts Receivable | -1.21M | -211.00K | -2.19M | 2.06M | -1.44M | -2.65M |
| Change in Inventory | -7.14M | -13.90M | -4.90M | -7.46M | -6.89M | 2.33M |
| Change in Accounts Payable | 3.63M | 12.99M | 1.96M | -1.42M | 2.73M | 213.00K |
| Change in Unearned Revenue | 733.00K | 1.61M | 675.00K | 915.00K | -174.00K | |
| Change in Other Net Operating Assets | -3.72M | 614.00K | 1.41M | -1.87M | 197.00K | 66.00K |
| Operating Cash Flow | -7.29M | -14.83M | -2.27M | -9.66M | -14.86M | -8.97M |
| Capital Expenditures | -35.00K | -83.00K | -156.00K | -236.00K | -115.00K | -354.00K |
| Investment in Securities | 13.24M | 1.37M | -2.00M | -3.92M | ||
| Investing Cash Flow | 13.21M | 1.28M | -2.16M | -4.16M | -115.00K | -354.00K |
| Net Debt Issued (Repaid) | -10.00M | |||||
| Issuance of Common Stock | 788.00K | 683.00K | 364.00K | 327.00K | 408.00K | 361.00K |
| Other Financing Activities | 9.71M | 9.57M | -286.00K | 5.55M | -2.40M | |
| Financing Cash Flow | 498.00K | 10.26M | 78.00K | 19.76M | -1.99M | 361.00K |
| Net Cash Flow | 6.42M | -3.29M | -4.36M | 5.95M | -16.96M | -8.96M |
| Free Cash Flow | -7.33M | -14.91M | -2.43M | -9.89M | -14.97M | -9.32M |
| Free Cash Flow Margin | -12.16% | -25.52% | -4.54% | -23.47% | -42.34% | -27.05% |
| Free Cash Flow Per Share | -0.41 | -1.25 | -0.21 | -0.90 | -1.47 | -0.99 |
| Levered Free Cash Flow | -24.39M | 8.28M | 8.37M | -1.98M | -5.89M | 1.83M |
| Unlevered Free Cash Flow | -24.39M | 8.28M | 8.37M | -1.98M | -5.89M | 1.83M |
| Cash Income Tax Paid | 42.00K | 42.00K | 24.00K | 18.00K | 3.00K | 19.00K |
| Change in Working Capital | -7.72M | 1.10M | -3.04M | -7.78M | -5.58M | -42.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 70.03M | 138.92M | 103.84M | 39.48M | 32.63M | 65.63M |
| Enterprise Value | 58.85M | 138.71M | 101.43M | 30.76M | 16.27M | 36.73M |
| Last Close Price | 5.84 | 11.63 | 8.94 | 3.51 | 2.96 | 5.99 |
| PS Ratio | 1.16 | 2.38 | 1.94 | 0.94 | 0.92 | 1.91 |
| PB Ratio | 4.81 | -11.35 | 5.57 | 0.84 | 0.78 | 1.20 |
| P/TBV Ratio | 6.89 | 1.76 | 1.09 | 1.49 | ||
| EV/Sales Ratio | 0.98 | 2.37 | 1.90 | 0.73 | 0.46 | 1.07 |
| Debt / Equity Ratio | 0.08 | -0.22 | 0.14 | 0.05 | 0.07 | 0.06 |
| Net Debt / Equity Ratio | -0.39 | 1.25 | -1.06 | -0.46 | -0.28 | -0.52 |
| Net Debt / EBITDA Ratio | 0.69 | 0.76 | 6.60 | 2.50 | 0.71 | 1.56 |
| Net Debt / FCF Ratio | 1.53 | 1.02 | 8.16 | 2.20 | 0.79 | 3.04 |
| Asset Turnover | 0.86 | 0.85 | 0.79 | 0.67 | 0.58 | 0.47 |
| Inventory Turnover | 1.41 | 1.90 | 2.04 | 1.53 | 1.69 | 1.67 |
| Quick Ratio | 1.03 | 0.60 | 1.92 | 2.50 | 1.84 | 4.16 |
| Current Ratio | 2.39 | 1.15 | 2.80 | 3.99 | 2.95 | 5.14 |
| Return on Equity (ROE) | 357.30% | -1,069.41% | -95.42% | -32.26% | -41.12% | -32.11% |
| Return on Assets (ROA) | -18.66% | -22.31% | -6.38% | -12.19% | -20.62% | -16.87% |
| Return on Capital Employed (ROCE) | -41.90% | -79.70% | -13.50% | -21.10% | -45.40% | -34.00% |
| Earnings Yield | 9.31% | -24.68% | -30.24% | -36.43% | -61.03% | -29.87% |
| FCF Yield | -10.46% | -10.74% | -2.34% | -25.06% | -45.88% | -14.21% |
| Buyback Yield / Dilution | -53.73% | -3.82% | -4.99% | -7.99% | -8.37% | -102.86% |