NASDAQ : LTRX
Lantronix, Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 6.38 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 297.98M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Lantronix, Inc. (LTRX) reported revenue of 120.90M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 120.90M | 120.90M | 122.92M | 160.33M | 131.19M | 129.66M |
| Cost of Revenue | 67.96M | 67.96M | 71.14M | 95.15M | 74.70M | 73.69M |
| Gross Profit | 52.94M | 52.94M | 51.79M | 65.18M | 56.49M | 55.97M |
| Selling, General & Admin | 39.30M | 39.30M | 38.84M | 42.73M | 39.61M | 36.88M |
| Research & Development | 15.31M | 15.31M | 16.00M | 17.76M | 16.96M | 15.34M |
| Amortization of Goodwill & Intangibles | 1.56M | 1.56M | 3.95M | 5.31M | 5.80M | 5.59M |
| Operating Expenses | 56.16M | 56.16M | 58.79M | 65.80M | 62.38M | 57.81M |
| Operating Income | -3.22M | -3.22M | -7.01M | -626.00K | -5.89M | -1.84M |
| Interest Expense | -539.00K | -539.00K | -1.24M | -916.00K | -1.49M | -1.47M |
| Interest & Investment Income | 672.00K | 672.00K | 727.00K | |||
| Currency Exchange Gain (Loss) | 86.00K | 86.00K | -100.00K | 7.00K | -73.00K | 57.00K |
| EBT Excluding Unusual Items | -3.00M | -3.00M | -7.62M | -1.53M | -7.45M | -3.25M |
| Merger & Restructuring Charges | -899.00K | -899.00K | -3.99M | -2.25M | -1.23M | -2.06M |
| Gain (Loss) on Sale of Assets | -4.00K | |||||
| Other Unusual Items | 9.00K | 447.00K | -1.87M | |||
| Pretax Income | -3.90M | -3.90M | -11.61M | -3.77M | -8.23M | -7.19M |
| Income Tax Expense | 279.00K | 279.00K | -239.00K | 745.00K | 748.00K | -1.83M |
| Net Income | -4.18M | -4.18M | -11.37M | -4.52M | -8.98M | -5.36M |
| Net Income to Common | -4.18M | -4.18M | -11.37M | -4.52M | -8.98M | -5.36M |
| Shares Outstanding (Basic) | 40.15M | 40.15M | 38.61M | 37.39M | 36.26M | 32.67M |
| Shares Outstanding (Diluted) | 40.15M | 40.15M | 38.61M | 37.39M | 36.26M | 32.67M |
| EPS (Basic) | -0.10 | -0.10 | -0.29 | -0.12 | -0.25 | -0.16 |
| EPS (Diluted) | -0.10 | -0.10 | -0.29 | -0.12 | -0.25 | -0.16 |
| Free Cash Flow | 9.27M | 9.27M | 6.78M | 17.14M | -2.44M | -11.53M |
| Free Cash Flow Per Share | 0.23 | 0.23 | 0.18 | 0.46 | -0.07 | -0.35 |
| Gross Margin | 43.79% | 43.79% | 42.13% | 40.65% | 43.06% | 43.16% |
| Operating Margin | -2.67% | -2.67% | -5.70% | -0.39% | -4.49% | -1.42% |
| Profit Margin | -3.46% | -3.46% | -9.25% | -2.82% | -6.84% | -4.14% |
| Free Cash Flow Margin | 7.66% | 7.66% | 5.52% | 10.69% | -1.86% | -8.90% |
| EBITDA | -59.00K | -59.00K | -972.00K | 6.85M | 1.65M | 4.78M |
| EBITDA Margin | -0.05% | -0.05% | -0.79% | 4.27% | 1.26% | 3.69% |
| D&A For EBITDA | 3.16M | 3.16M | 6.04M | 7.48M | 7.54M | 6.62M |
| EBIT | -3.22M | -3.22M | -7.01M | -626.00K | -5.89M | -1.84M |
| EBIT Margin | -2.67% | -2.67% | -5.70% | -0.39% | -4.49% | -1.42% |
| Advertising Expenses | 262.00K | 253.00K |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 60.47M | 60.47M | 20.10M | 26.24M | 13.45M | 17.22M |
| Cash & Short-Term Investments | 60.47M | 60.47M | 20.10M | 26.24M | 13.45M | 17.22M |
| Accounts Receivable | 25.32M | 25.32M | 25.09M | 31.28M | 27.68M | 26.26M |
| Other Receivables | 3.50M | 3.50M | 3.07M | 1.40M | 3.02M | 3.45M |
| Receivables | 28.82M | 28.82M | 28.16M | 32.68M | 30.70M | 29.72M |
| Inventory | 25.80M | 25.80M | 26.37M | 27.70M | 49.74M | 37.68M |
| Prepaid Expenses | 2.25M | 2.25M | 2.36M | 2.14M | 2.66M | 5.42M |
| Other Current Assets | 95.00K | 95.00K | 404.00K | 194.00K | ||
| Total Current Assets | 117.43M | 117.43M | 77.39M | 88.95M | 96.55M | 90.03M |
| Property, Plant & Equipment | 8.88M | 8.88M | 10.88M | 13.58M | 16.21M | 11.69M |
| Goodwill | 31.09M | 31.09M | 31.09M | 27.82M | 27.82M | 20.77M |
| Other Intangible Assets | 2.18M | 2.18M | 3.74M | 5.25M | 10.56M | 14.56M |
| Long-Term Deferred Charges | 127.00K | 127.00K | 134.00K | 190.00K | ||
| Other Long-Term Assets | 628.00K | 628.00K | 490.00K | 410.00K | 472.00K | 325.00K |
| Total Assets | 160.34M | 160.34M | 123.72M | 136.21M | 151.62M | 137.37M |
| Accounts Payable | 17.13M | 17.13M | 13.46M | 10.47M | 12.67M | 20.78M |
| Accrued Expenses | 7.02M | 7.02M | 5.35M | 8.05M | 6.68M | 7.33M |
| Current Portion of Long-Term Debt | 3.07M | 3.00M | 2.74M | 1.67M | ||
| Current Portion of Leases | 1.64M | 1.64M | 1.59M | 1.77M | 1.86M | 978.00K |
| Current Income Taxes Payable | -4.00K | -4.00K | 103.00K | 772.00K | 647.00K | 371.00K |
| Current Unearned Revenue | 3.07M | 3.07M | 3.30M | 3.02M | 2.49M | 969.00K |
| Other Current Liabilities | 3.23M | 3.23M | 3.54M | 3.07M | 19.30M | 3.42M |
| Total Current Liabilities | 32.08M | 32.08M | 30.42M | 30.16M | 46.39M | 35.52M |
| Long-Term Debt | 8.68M | 13.22M | 16.22M | 14.27M | ||
| Long-Term Leases | 6.66M | 6.66M | 7.81M | 8.56M | 10.43M | 7.31M |
| Long-Term Unearned Revenue | 2.11M | 2.11M | 2.25M | 2.74M | 888.00K | 373.00K |
| Long-Term Deferred Tax Liabilities | 219.00K | 219.00K | 172.00K | 179.00K | 146.00K | |
| Total Liabilities | 41.06M | 41.06M | 49.34M | 54.85M | 74.07M | 57.48M |
| Common Stock | 5.00K | 5.00K | 4.00K | 4.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 357.50M | 357.50M | 308.40M | 304.00M | 295.69M | 289.05M |
| Retained Earnings | -238.57M | -238.57M | -234.39M | -223.02M | -218.50M | -209.53M |
| Comprehensive Income & Other | 344.00K | 344.00K | 371.00K | 371.00K | 371.00K | 371.00K |
| Shareholders' Equity | 119.28M | 119.28M | 74.38M | 81.36M | 77.56M | 79.90M |
| Total Liabilities & Equity | 160.34M | 160.34M | 123.72M | 136.21M | 151.62M | 137.37M |
| Total Debt | 8.29M | 8.29M | 21.16M | 26.55M | 31.25M | 24.23M |
| Net Cash (Debt) | 52.17M | 52.17M | -1.06M | -314.00K | -17.80M | -7.01M |
| Net Cash Per Share | 1.30 | 1.30 | -0.03 | -0.01 | -0.49 | -0.21 |
| Filing Date Shares Outstanding | 46.71M | 46.71M | 39.15M | 37.90M | 36.91M | 35.14M |
| Total Common Shares Outstanding | 46.59M | 46.59M | 39.10M | 37.87M | 36.88M | 35.13M |
| Working Capital | 85.36M | 85.36M | 46.97M | 58.79M | 50.16M | 54.51M |
| Book Value Per Share | 2.56 | 2.56 | 1.90 | 2.15 | 2.10 | 2.27 |
| Tangible Book Value | 86.01M | 86.01M | 39.55M | 48.28M | 39.17M | 44.57M |
| Tangible Book Value Per Share | 1.85 | 1.85 | 1.01 | 1.27 | 1.06 | 1.27 |
| Machinery | 11.57M | 11.57M | 11.53M | 11.31M | 15.73M | 11.28M |
| Construction In Progress | 89.00K | 89.00K | 16.00K | 52.00K | 1.61M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -4.18M | -4.18M | -11.37M | -4.52M | -8.98M | -5.36M |
| Depreciation & Amortization | 3.16M | 3.16M | 6.04M | 7.48M | 7.54M | 6.62M |
| Other Amortization | 57.00K | 57.00K | 45.00K | 110.00K | 104.00K | 261.00K |
| Loss (Gain) From Sale of Assets | 54.00K | 54.00K | 6.00K | 3.00K | 15.00K | 4.00K |
| Stock-Based Compensation | 6.27M | 6.27M | 6.13M | 8.34M | 6.21M | 6.25M |
| Other Operating Activities | -9.00K | -9.00K | 88.00K | 813.00K | -222.00K | 2.25M |
| Change in Accounts Receivable | -225.00K | -225.00K | 6.19M | -3.60M | 480.00K | -7.47M |
| Change in Inventory | 549.00K | 549.00K | 2.04M | 21.22M | -8.69M | -15.27M |
| Change in Accounts Payable | 3.35M | 3.35M | 2.89M | -2.13M | -8.57M | 8.78M |
| Change in Other Net Operating Assets | 849.00K | 849.00K | -4.76M | -9.09M | 12.36M | -5.48M |
| Operating Cash Flow | 9.88M | 9.88M | 7.29M | 18.62M | 237.00K | -9.42M |
| Capital Expenditures | -612.00K | -612.00K | -505.00K | -1.48M | -2.67M | -2.12M |
| Cash Acquisitions | -6.46M | -4.65M | -23.63M | |||
| Investing Cash Flow | -612.00K | -612.00K | -6.96M | -1.48M | -7.32M | -25.75M |
| Short-Term Debt Issued | 2.00M | 2.50M | ||||
| Long-Term Debt Issued | 8.80M | 8.80M | 4.91M | 28.80M | ||
| Total Debt Issued | 8.80M | 8.80M | 6.91M | 31.30M | ||
| Short-Term Debt Repaid | -2.00M | -2.50M | ||||
| Long-Term Debt Repaid | -20.85M | -20.85M | -4.72M | -3.08M | -2.02M | -18.57M |
| Total Debt Repaid | -20.85M | -20.85M | -4.72M | -3.08M | -4.02M | -21.07M |
| Net Debt Issued (Repaid) | -12.05M | -12.05M | -4.72M | -3.08M | 2.88M | 10.23M |
| Issuance of Common Stock | 44.85M | 44.85M | 357.00K | 1.00M | 1.25M | 34.23M |
| Repurchase of Common Stock | -1.69M | -1.69M | -2.09M | -1.03M | -821.00K | -1.81M |
| Other Financing Activities | -1.26M | |||||
| Financing Cash Flow | 31.10M | 31.10M | -6.46M | -4.36M | 3.32M | 42.65M |
| Net Cash Flow | 40.37M | 40.37M | -6.14M | 12.79M | -3.77M | 7.48M |
| Free Cash Flow | 9.27M | 9.27M | 6.78M | 17.14M | -2.44M | -11.53M |
| Free Cash Flow Margin | 7.66% | 7.66% | 5.52% | 10.69% | -1.86% | -8.90% |
| Free Cash Flow Per Share | 0.23 | 0.23 | 0.18 | 0.46 | -0.07 | -0.35 |
| Levered Free Cash Flow | 11.54M | 11.54M | 12.34M | 17.47M | 5.20M | -17.81M |
| Unlevered Free Cash Flow | 11.82M | 11.82M | 13.07M | 17.93M | 6.02M | -17.15M |
| Cash Interest Paid | 616.00K | 616.00K | 1.32M | 1.92M | 1.56M | 1.49M |
| Cash Income Tax Paid | 259.00K | 259.00K | 636.00K | 631.00K | 539.00K | 215.00K |
| Change in Working Capital | 4.52M | 4.52M | 6.35M | 6.40M | -4.43M | -19.43M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 280.70M | 262.30M | 111.62M | 133.41M | 154.17M | 187.21M |
| Enterprise Value | 228.52M | 255.66M | 113.75M | 136.59M | 171.92M | 189.22M |
| Last Close Price | 6.01 | 5.88 | 2.87 | 3.55 | 4.21 | 5.38 |
| Forward PE | 25.94 | 26.97 | 22.08 | 7.36 | 10.59 | 12.14 |
| PS Ratio | 2.32 | 2.17 | 0.91 | 0.83 | 1.18 | 1.44 |
| PB Ratio | 2.35 | 2.20 | 1.50 | 1.64 | 1.99 | 2.34 |
| P/TBV Ratio | 3.26 | 3.05 | 2.82 | 2.76 | 3.94 | 4.20 |
| P/FCF Ratio | 30.30 | 28.31 | 16.46 | 7.78 | ||
| P/OCF Ratio | 28.42 | 26.56 | 15.32 | 7.16 | 650.50 | |
| PEG Ratio | 0.55 | 0.55 | 0.37 | 0.53 | 0.61 | |
| EV/Sales Ratio | 1.89 | 2.12 | 0.93 | 0.85 | 1.31 | 1.46 |
| EV/EBITDA Ratio | 19.94 | 104.13 | 39.60 | |||
| EV/FCF Ratio | 24.67 | 27.59 | 16.78 | 7.97 | ||
| Debt / Equity Ratio | 0.07 | 0.07 | 0.28 | 0.33 | 0.40 | 0.30 |
| Debt / EBITDA Ratio | 1.97 | 1.97 | 5.30 | 2.24 | 4.53 | 3.40 |
| Debt / FCF Ratio | 0.90 | 0.90 | 3.12 | 1.55 | ||
| Net Debt / Equity Ratio | -0.44 | -0.44 | 0.01 | 0.00 | 0.23 | 0.09 |
| Net Debt / EBITDA Ratio | 884.32 | 884.32 | -1.09 | 0.05 | 10.78 | 1.47 |
| Net Debt / FCF Ratio | -5.63 | -5.63 | 0.16 | 0.02 | -7.30 | -0.61 |
| Asset Turnover | 0.85 | 0.85 | 0.95 | 1.11 | 0.91 | 1.24 |
| Inventory Turnover | 2.60 | 2.60 | 2.63 | 2.46 | 1.71 | 2.79 |
| Quick Ratio | 2.78 | 2.78 | 1.59 | 1.95 | 0.95 | 1.32 |
| Current Ratio | 3.66 | 3.66 | 2.54 | 2.95 | 2.08 | 2.54 |
| Return on Equity (ROE) | -4.32% | -4.32% | -14.61% | -5.68% | -11.41% | -8.51% |
| Return on Assets (ROA) | -1.42% | -1.42% | -3.37% | -0.27% | -2.55% | -1.09% |
| Return on Invested Capital (ROIC) | -4.78% | -4.52% | -8.92% | -0.71% | -6.46% | -2.85% |
| Return on Capital Employed (ROCE) | -2.50% | -2.50% | -7.50% | -0.60% | -5.60% | -1.80% |
| Earnings Yield | -1.73% | -1.59% | -10.19% | -3.38% | -5.83% | -2.86% |
| FCF Yield | 3.30% | 3.53% | 6.07% | 12.85% | -1.58% | -6.16% |
| Buyback Yield / Dilution | -3.97% | -3.97% | -3.28% | -3.11% | -10.98% | -13.80% |