LightPath/$LPTH
1D1W1MYTD1Y5YMAX
Capital at risk
About LightPath
LightPath Technologies Inc manufactures, distributes, and integrates proprietary optical components and assemblies. It manufactures infrared imaging cameras, optical assemblies, optical components and infrared materials. Optical components include precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical elements. It designs, develops, manufactures, and distributes optical systems, assemblies and components utilizing optical manufacturing processes, multidisciplinary engineering and manufacturing technologies, and assembly and integration services. It also provides engineering services and performs research and development for optical solutions for a wide range of optics markets. It operates in one segment: the optics segment.
- Ticker
- $LPTH
- Sector
- Digital Hardware
- Primary listing
- NASDAQ
- Employees
- 420
- Headquarters
- Orlando, United States
- Website
- www.lightpath.com
LightPath Metrics
BasicAdvanced
$693M
-
-$0.38
1.40
-
Price and volume
Market cap
$693M
Beta
1.4
52-week high
$18.94
52-week low
$5.83
Average daily volume
3.5M
Financial strength
Current ratio
4.962
Quick ratio
4.138
Long term debt to equity
0.059
Total debt to equity
0.069
Profitability
EBITDA (TTM)
0.565
Gross margin (TTM)
35.98%
Net profit margin (TTM)
-28.65%
Operating margin (TTM)
-5.83%
Effective tax rate (TTM)
-1.56%
Revenue per employee (TTM)
$170,000
Management effectiveness
Return on assets (TTM)
-2.03%
Return on equity (TTM)
-19.73%
Valuation
Price to revenue (TTM)
7.367
Price to book
4.63
Price to tangible book (TTM)
6.13
Price to free cash flow (TTM)
-32.037
Free cash flow yield (TTM)
-3.12%
Free cash flow per share (TTM)
-0.309
Growth
Revenue change (TTM)
92.79%
Earnings per share change (TTM)
5.79%
3-year revenue growth (CAGR)
29.62%
10-year revenue growth (CAGR)
15.30%
3-year earnings per share growth (CAGR)
43.60%
10-year earnings per share growth (CAGR)
17.01%
What the Analysts think about LightPath
Analyst ratings (Buy, Hold, Sell) for LightPath stock.
Analyst projections of the future price of LightPath stock.
Bulls say / Bears say
Operating momentum has accelerated sharply: Q3 FY2026 revenue rose 109% year over year to $19.1 million, gross margin expanded to 36% from 29%, and adjusted EBITDA improved to $1.1 million from a $1.6 million loss. (SEC)
Backlog and new defense orders provide substantial revenue visibility: March 2026 backlog reached $110.6 million, up 196% from June 2025, followed by $13 million of optical-assembly orders for counter-UAS systems expected to be delivered by calendar 2027. (SEC PR Newswire)
LightPath is strengthening its strategic position in secure defense optics: its BlackDiamond materials address reliance on Germanium supply chains, while the Amorphous Materials acquisition adds large-diameter glass capability and the China divestiture creates a fully Western-aligned manufacturing footprint. (SEC PR Newswire)
GAAP profitability remains unproven: LightPath posted a $4.1 million net loss in Q3 FY2026 and a $16.4 million loss for the first nine months, despite positive adjusted EBITDA; acquisition earnout revaluations continue to pressure reported results. (SEC)
Shareholder dilution is a material risk: the June 2026 financing issued 3.57 million new primary shares, while LightPath’s weighted-average shares outstanding had already risen to 58.6 million in Q3 FY2026 from 41.4 million a year earlier. (PR Newswire)
Execution and concentration risks are elevated: approximately $58 million of the March 2026 backlog came from one leading global technology customer, while $80.6 million was tied to G5 products; additionally, the China divestiture removes roughly $4.5 million of annual revenue and leaves supply continuity dependent on a third-party vendor. (SEC PR Newswire)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.
LightPath Financial Performance
Revenues and expenses
LightPath Earnings Performance
Company profitability
Upcoming events
No upcoming events
LightPath News
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Funds containing LightPath
Fund name | Fund size | $LPTH weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.02% |
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