Lakeland Inds Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lakeland Inds has an operating margin of -5.5%, meaning the company retains $-6 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 4.8% the prior year.
Lakeland Inds's revenue surged 34.1% year-over-year to $167.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Lakeland Inds carries a low D/E ratio of 0.52, meaning only $0.52 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.88, Lakeland Inds holds $3.88 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Lakeland Inds generated -$15.9M in operating cash flow, capex of $1.5M consumed most of it, leaving -$17.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Lakeland Inds passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Lakeland Inds generates $0.88 in operating cash flow (-$15.9M OCF vs -$18.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Lakeland Inds earns $-5.6 in operating income for every $1 of interest expense (-$9.3M vs $1.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Lakeland Inds (LAKE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Lakeland Inds generated $167.2M in revenue in fiscal year 2025. This represents an increase of 34.1% from the prior year.
Lakeland Inds's EBITDA was -$6.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 184.4% from the prior year.
Lakeland Inds generated -$17.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 297.0% from the prior year.
Lakeland Inds reported -$18.1M in net income in fiscal year 2025. This represents a decrease of 433.2% from the prior year.
Lakeland Inds earned $-2.43 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 437.5% from the prior year.
Lakeland Inds held $18.6M in cash against $0 in long-term debt as of fiscal year 2025.
Lakeland Inds had 9M shares outstanding in fiscal year 2025. This represents an increase of 28.9% from the prior year.
Lakeland Inds's gross margin was 41.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.
Lakeland Inds's operating margin was -5.5% in fiscal year 2025, reflecting core business profitability. This is down 10.3 percentage points from the prior year.
Lakeland Inds's net profit margin was -10.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 15.2 percentage points from the prior year.
Lakeland Inds invested $1.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 25.6% from the prior year.
LAKE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.6M-9.4% | $52.5M+12.3% | $46.7M+2.2% | $45.8M+18.8% | $38.5M+6.1% | $36.3M+16.2% | $31.2M-1.4% | $31.7M |
| Cost of Revenue | $33.5M-0.7% | $33.7M+8.3% | $31.1M+14.3% | $27.2M+16.9% | $23.3M+15.7% | $20.1M+0.4% | $20.0M+9.4% | $18.3M |
| Gross Profit | $14.1M-24.9% | $18.8M+20.3% | $15.6M-15.7% | $18.6M+21.8% | $15.2M-5.9% | $16.2M+44.4% | $11.2M-16.1% | $13.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$1.6M+59.9% | -$4.0M+12.8% | -$4.6M-674.2% | $807K+150.7% | -$1.6M-172.3% | $2.2M+166.8% | -$3.3M-191.0% | $3.6M |
| Interest Expense | $502K+12.8% | $445K-23.7% | $583K+19.0% | $490K+32.4% | $370K+115.1% | $172K+473.3% | $30K+130.8% | $13K |
| Income Tax | $13.7M+362.1% | -$5.2M-335.3% | -$1.2M-915.0% | $147K+135.0% | -$420K-208.2% | $388K-69.0% | $1.3M+33.7% | $937K |
| Net Income | -$16.0M-2182.9% | $766K+119.6% | -$3.9M-4650.0% | $86K+106.3% | -$1.4M-183.2% | $1.7M+269.0% | -$978K-137.4% | $2.6M |
| EPS (Diluted) | $-1.64-2150.0% | $0.08+119.5% | $-0.41-4200.0% | $0.01+105.3% | $-0.19-186.4% | $0.22+283.3% | $-0.12-135.3% | $0.34 |
LAKE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $220.7M-2.5% | $226.3M+3.7% | $218.1M+8.4% | $201.2M+1.4% | $198.4M+15.7% | $171.5M+11.6% | $153.7M+3.7% | $148.3M |
| Current Assets | $143.3M-2.5% | $147.1M+4.5% | $140.7M+12.3% | $125.3M-2.5% | $128.5M+13.0% | $113.8M+12.1% | $101.5M-2.4% | $104.0M |
| Cash & Equivalents | $17.2M-3.1% | $17.7M-4.7% | $18.6M+17.5% | $15.8M-36.3% | $24.9M-12.3% | $28.4M+12.5% | $25.2M-4.6% | $26.4M |
| Inventory | $87.9M-2.6% | $90.2M+5.1% | $85.8M+18.0% | $72.7M+7.1% | $67.9M+21.1% | $56.1M+9.4% | $51.3M-5.7% | $54.4M |
| Accounts Receivable | $30.3M-2.1% | $30.9M+12.0% | $27.6M+4.0% | $26.6M+15.8% | $22.9M+5.4% | $21.8M+13.5% | $19.2M+5.2% | $18.2M |
| Goodwill | $17.6M+16.9% | $15.0M-11.9% | $17.1M-23.7% | $22.4M+10.3% | $20.3M+33.4% | $15.2M+11.3% | $13.7M+1521.5% | $843K |
| Total Liabilities | $86.2M+9.1% | $79.0M+5.7% | $74.7M-2.3% | $76.5M+3.8% | $73.7M+58.8% | $46.4M+53.2% | $30.3M+22.5% | $24.7M |
| Current Liabilities | $37.5M-6.9% | $40.2M+10.9% | $36.3M+22.4% | $29.6M-2.3% | $30.3M+43.8% | $21.1M+15.0% | $18.3M+18.3% | $15.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $2.9M | N/A | N/A | N/A |
| Total Equity | $134.5M-8.7% | $147.3M+2.7% | $143.4M+15.0% | $124.7M0.0% | $124.7M-0.3% | $125.1M+1.3% | $123.5M-0.1% | $123.6M |
| Retained Earnings | $30.4M-34.9% | $46.6M+1.0% | $46.1M-33.1% | $69.0M-0.2% | $69.1M-2.3% | $70.7M+2.1% | $69.3M-1.7% | $70.5M |
LAKE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.9M-64.6% | -$4.8M+0.5% | -$4.8M+42.6% | -$8.4M-94.2% | -$4.3M-1583.3% | $293K-90.8% | $3.2M-17.0% | $3.8M |
| Capital Expenditures | -$1.3M-246.1% | $921K-23.8% | $1.2M+88.0% | $643K+71.0% | $376K-19.3% | $466K-17.4% | $564K+36.6% | $413K |
| Free Cash Flow | -$9.3M-61.6% | -$5.7M+5.1% | -$6.0M+33.4% | -$9.1M-92.4% | -$4.7M-2629.5% | -$173K-106.6% | $2.6M-23.4% | $3.4M |
| Investing Cash Flow | $833K+190.4% | -$921K+23.8% | -$1.2M-26.5% | -$956K+93.7% | -$15.2M-64.2% | -$9.2M-340.1% | -$2.1M-61.2% | -$1.3M |
| Financing Cash Flow | $7.5M+206.2% | $2.4M-71.4% | $8.5M+607.1% | $1.2M-92.2% | $15.5M+33.5% | $11.6M+821.0% | -$1.6M-592.7% | -$232K |
| Dividends Paid | $287K+0.3% | $286K+0.4% | $285K+28.4% | $222K+0.5% | $221K0.0% | $221K0.0% | $221K-0.5% | $222K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LAKE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.7%-6.2pp | 35.9%+2.4pp | 33.5%-7.1pp | 40.6%+1.0pp | 39.6%-5.0pp | 44.6%+8.7pp | 35.9%-6.3pp | 42.2% |
| Operating Margin | -3.4%+4.3pp | -7.7%+2.2pp | -9.9%-11.7pp | 1.8%+5.9pp | -4.1%-10.2pp | 6.1%+16.6pp | -10.5%-22.0pp | 11.4% |
| Net Margin | -33.5%-35.0pp | 1.5%+9.8pp | -8.4%-8.6pp | 0.2%+3.8pp | -3.6%-8.1pp | 4.5%+7.7pp | -3.1%-11.4pp | 8.3% |
| Return on Equity | N/A | 0.5% | N/A | 0.1% | N/A | 1.3% | N/A | 2.1% |
| Return on Assets | -7.2%-7.6pp | 0.3%+2.1pp | -1.8%-1.8pp | 0.0%+0.7pp | -0.7%-1.7pp | 1.0%+1.6pp | -0.6%-2.4pp | 1.8% |
| Current Ratio | 3.83+0.2 | 3.66-0.2 | 3.88-0.3 | 4.230.0 | 4.24-1.2 | 5.39-0.1 | 5.53-1.2 | 6.71 |
| Debt-to-Equity | 0.64+0.1 | 0.54+0.0 | 0.52-0.1 | 0.61+0.6 | 0.02-0.3 | 0.37+0.1 | 0.25+0.0 | 0.20 |
| FCF Margin | -19.5%-8.6pp | -10.9%+2.0pp | -12.9%+6.9pp | -19.9%-7.6pp | -12.3%-11.8pp | -0.5%-8.8pp | 8.4%-2.4pp | 10.8% |
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Frequently Asked Questions
What is Lakeland Inds's annual revenue?
Lakeland Inds (LAKE) reported $167.2M in total revenue for fiscal year 2025. This represents a 34.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lakeland Inds's revenue growing?
Lakeland Inds (LAKE) revenue grew by 34.1% year-over-year, from $124.7M to $167.2M in fiscal year 2025.
Is Lakeland Inds profitable?
No, Lakeland Inds (LAKE) reported a net income of -$18.1M in fiscal year 2025, with a net profit margin of -10.8%.
What is Lakeland Inds's earnings per share (EPS)?
Lakeland Inds (LAKE) reported diluted earnings per share of $-2.43 for fiscal year 2025. This represents a -437.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Lakeland Inds's EBITDA?
Lakeland Inds (LAKE) had EBITDA of -$6.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Lakeland Inds's gross margin?
Lakeland Inds (LAKE) had a gross margin of 41.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lakeland Inds's operating margin?
Lakeland Inds (LAKE) had an operating margin of -5.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Lakeland Inds's net profit margin?
Lakeland Inds (LAKE) had a net profit margin of -10.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Lakeland Inds's free cash flow?
Lakeland Inds (LAKE) generated -$17.4M in free cash flow during fiscal year 2025. This represents a -297.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lakeland Inds's operating cash flow?
Lakeland Inds (LAKE) generated -$15.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lakeland Inds's total assets?
Lakeland Inds (LAKE) had $218.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lakeland Inds's capital expenditures?
Lakeland Inds (LAKE) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Lakeland Inds have outstanding?
Lakeland Inds (LAKE) had 9M shares outstanding as of fiscal year 2025.
What is Lakeland Inds's current ratio?
Lakeland Inds (LAKE) had a current ratio of 3.88 as of fiscal year 2025, which is generally considered healthy.
What is Lakeland Inds's debt-to-equity ratio?
Lakeland Inds (LAKE) had a debt-to-equity ratio of 0.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lakeland Inds's return on assets (ROA)?
Lakeland Inds (LAKE) had a return on assets of -8.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lakeland Inds's cash runway?
Based on fiscal year 2025 data, Lakeland Inds (LAKE) had $18.6M in cash against an annual operating cash burn of $15.9M. This gives an estimated cash runway of approximately 14 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Lakeland Inds's Piotroski F-Score?
Lakeland Inds (LAKE) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lakeland Inds's earnings high quality?
Lakeland Inds (LAKE) has an earnings quality ratio of 0.88x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Lakeland Inds cover its interest payments?
Lakeland Inds (LAKE) has an interest coverage ratio of -5.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Lakeland Inds?
Lakeland Inds (LAKE) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.