Lifeward Ltd Financials
This page shows Lifeward Ltd (LFWD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lifeward Ltd has an operating margin of -114.4%, meaning the company retains $-114 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 up from -170.4% the prior year.
Lifeward Ltd's revenue surged 85.2% year-over-year to $25.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Lifeward Ltd carries a low D/E ratio of 0.62, meaning only $0.62 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Lifeward Ltd's current ratio of 2.08 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
While Lifeward Ltd generated -$21.7M in operating cash flow, capex of $0 consumed most of it, leaving -$21.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Lifeward Ltd passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Lifeward Ltd generates $0.75 in operating cash flow (-$21.7M OCF vs -$28.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Lifeward Ltd generated $25.7M in revenue in fiscal year 2024. This represents an increase of 85.2% from the prior year.
Lifeward Ltd's EBITDA was -$25.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 17.2% from the prior year.
Lifeward Ltd generated -$21.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 4.7% from the prior year.
Lifeward Ltd reported -$28.9M in net income in fiscal year 2024. This represents a decrease of 30.8% from the prior year.
Lifeward Ltd earned $-3.33 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 28.6% from the prior year.
Lifeward Ltd held $6.7M in cash against $0 in long-term debt as of fiscal year 2024.
Lifeward Ltd had 9M shares outstanding in fiscal year 2024. This represents an increase of 2.6% from the prior year.
Lifeward Ltd's gross margin was 32.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Lifeward Ltd's operating margin was -114.4% in fiscal year 2024, reflecting core business profitability. This is up 56.1 percentage points from the prior year.
Lifeward Ltd's net profit margin was -112.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 47.0 percentage points from the prior year.
Lifeward Ltd invested $4.6M in research and development in fiscal year 2024. This represents an increase of 11.5% from the prior year.
Lifeward Ltd invested $0 in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
LFWD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.2M+8.2% | $5.7M+13.7% | $5.0M-26.9% | $6.9M+56.3% | $4.4M+229.3% | $1.3M+8.7% | $1.2M-43.6% | $2.2M |
| Cost of Revenue | $3.5M+8.6% | $3.2M+10.3% | $2.9M-34.4% | $4.4M+25.5% | $3.5M+365.2% | $761K+15.5% | $659K-56.2% | $1.5M |
| Gross Profit | $2.7M+7.8% | $2.5M+18.3% | $2.1M-13.1% | $2.4M+183.1% | $863K+49.8% | $576K+0.9% | $571K-15.2% | $673K |
| R&D Expenses | $721K-6.0% | $767K-16.4% | $918K-30.3% | $1.3M+4.4% | $1.3M+54.7% | $816K+8.5% | $752K-31.8% | $1.1M |
| SG&A Expenses | $2.0M+12.6% | $1.7M-21.7% | $2.2M-8.1% | $2.4M-30.1% | $3.5M+43.1% | $2.4M+41.2% | $1.7M-7.7% | $1.9M |
| Operating Income | -$3.1M+52.2% | -$6.6M-35.2% | -$4.9M+20.9% | -$6.1M+22.7% | -$7.9M-54.0% | -$5.2M-17.9% | -$4.4M+12.6% | -$5.0M |
| Interest Expense | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
| Income Tax | $7K | $0-100.0% | $11K+114.1% | -$78K | $0-100.0% | $42K+75.0% | $24K-93.6% | $377K |
| Net Income | -$3.2M+51.7% | -$6.6M-35.7% | -$4.8M+14.3% | -$5.6M+25.1% | -$7.5M-62.2% | -$4.6M-7.4% | -$4.3M+18.7% | -$5.3M |
| EPS (Diluted) | $-0.20+65.5% | $-0.58-26.1% | $-0.46+29.2% | $-0.65 | $-0.88-60.0% | $-0.55-7.8% | $-0.51+74.1% | $-1.97 |
LFWD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $23.2M-13.5% | $26.8M-7.1% | $28.8M-54.4% | $63.2M-8.7% | $69.2M+5.2% | $65.8M-4.6% | $69.0M-7.1% | $74.2M |
| Current Assets | $17.3M-16.2% | $20.7M+4.5% | $19.8M-49.5% | $39.2M-11.7% | $44.4M-30.4% | $63.8M-4.5% | $66.9M-7.8% | $72.5M |
| Cash & Equivalents | $2.0M-61.9% | $5.1M-10.3% | $5.7M-79.6% | $28.1M-13.8% | $32.6M-44.0% | $58.2M-6.0% | $61.9M-8.9% | $67.9M |
| Inventory | $7.1M-6.7% | $7.6M+12.1% | $6.8M+20.3% | $5.7M-6.5% | $6.0M+98.9% | $3.0M+0.4% | $3.0M+3.3% | $2.9M |
| Accounts Receivable | $6.1M+4.5% | $5.9M+13.5% | $5.2M+65.5% | $3.1M-11.6% | $3.5M+355.9% | $774K+45.5% | $532K-48.6% | $1.0M |
| Goodwill | $4.8M0.0% | $4.8M-36.9% | $7.5M0.0% | $7.5M0.0% | $7.5M | N/A | N/A | $0 |
| Total Liabilities | $10.4M-10.7% | $11.7M+12.7% | $10.4M-37.9% | $16.7M-4.4% | $17.4M+155.1% | $6.8M+25.2% | $5.5M-10.1% | $6.1M |
| Current Liabilities | $9.1M-12.6% | $10.4M+14.2% | $9.1M-23.1% | $11.8M-8.0% | $12.8M+135.5% | $5.4M+40.1% | $3.9M-18.8% | $4.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $12.8M-15.6% | $15.1M-18.1% | $18.5M-60.3% | $46.5M-10.2% | $51.8M-12.2% | $59.0M-7.2% | $63.5M-6.8% | $68.2M |
| Retained Earnings | -$279.4M-1.1% | -$276.2M-2.4% | -$269.7M-14.3% | -$235.9M-2.4% | -$230.2M-3.4% | -$222.7M-2.1% | -$218.1M-2.0% | -$213.8M |
LFWD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.8M+2.4% | -$3.9M+28.3% | -$5.5M-22.5% | -$4.5M+39.8% | -$7.4M-112.3% | -$3.5M+33.0% | -$5.2M-33.7% | -$3.9M |
| Capital Expenditures | $0 | $0-100.0% | $5K-93.7% | $79K+3850.0% | $2K | $0 | $0 | $0 |
| Free Cash Flow | -$3.8M+2.4% | -$3.9M+28.4% | -$5.5M-20.5% | -$4.6M+38.7% | -$7.4M-112.4% | -$3.5M+33.0% | -$5.2M-33.7% | -$3.9M |
| Investing Cash Flow | $0 | $0+100.0% | -$5K+93.7% | -$79K+99.6% | -$18.1M | $0 | $0 | $0 |
| Financing Cash Flow | $646K-80.5% | $3.3M-26.0% | $4.5M | $0+100.0% | -$6K+97.2% | -$215K+72.1% | -$771K+66.7% | -$2.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LFWD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.7%-0.2pp | 43.9%+1.7pp | 42.1%+6.7pp | 35.5%+15.9pp | 19.6%-23.5pp | 43.1%-3.3pp | 46.4%+15.5pp | 30.9% |
| Operating Margin | -50.7%+64.0pp | -114.7%-18.3pp | -96.4%-7.3pp | -89.1%+91.2pp | -180.4%+205.4pp | -385.8%-30.1pp | -355.7%-126.0pp | -229.7% |
| Net Margin | -51.2%+63.5pp | -114.6%-18.6pp | -96.0%-14.1pp | -81.9%+89.1pp | -171.0%+176.2pp | -347.2%+4.1pp | -351.3%-107.5pp | -243.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -13.7%+10.8pp | -24.5%-7.7pp | -16.8%-7.9pp | -8.9%+2.0pp | -10.9%-3.8pp | -7.0%-0.8pp | -6.3%+0.9pp | -7.2% |
| Current Ratio | 1.92-0.1 | 2.00-0.2 | 2.18-1.1 | 3.33-0.1 | 3.47-8.3 | 11.73-5.5 | 17.22+2.1 | 15.16 |
| Debt-to-Equity | 0.82+0.0 | 0.77+0.2 | 0.56+0.2 | 0.36+0.0 | 0.34+0.2 | 0.12+0.0 | 0.090.0 | 0.09 |
| FCF Margin | -62.0%+6.7pp | -68.8%+40.5pp | -109.2%-42.9pp | -66.3%+102.8pp | -169.1%+93.1pp | -262.2%+163.2pp | -425.5%-245.9pp | -179.6% |
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Frequently Asked Questions
What is Lifeward Ltd's annual revenue?
Lifeward Ltd (LFWD) reported $25.7M in total revenue for fiscal year 2024. This represents a 85.2% 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 Lifeward Ltd's revenue growing?
Lifeward Ltd (LFWD) revenue grew by 85.2% year-over-year, from $13.9M to $25.7M in fiscal year 2024.
Is Lifeward Ltd profitable?
No, Lifeward Ltd (LFWD) reported a net income of -$28.9M in fiscal year 2024, with a net profit margin of -112.8%.
What is Lifeward Ltd's earnings per share (EPS)?
Lifeward Ltd (LFWD) reported diluted earnings per share of $-3.33 for fiscal year 2024. This represents a -28.6% 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 Lifeward Ltd's EBITDA?
Lifeward Ltd (LFWD) had EBITDA of -$25.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Lifeward Ltd's gross margin?
Lifeward Ltd (LFWD) had a gross margin of 32.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lifeward Ltd's operating margin?
Lifeward Ltd (LFWD) had an operating margin of -114.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Lifeward Ltd's net profit margin?
Lifeward Ltd (LFWD) had a net profit margin of -112.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Lifeward Ltd's free cash flow?
Lifeward Ltd (LFWD) generated -$21.7M in free cash flow during fiscal year 2024. This represents a -4.7% 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 Lifeward Ltd's operating cash flow?
Lifeward Ltd (LFWD) generated -$21.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Lifeward Ltd's total assets?
Lifeward Ltd (LFWD) had $30.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Lifeward Ltd's capital expenditures?
Lifeward Ltd (LFWD) invested $0 in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Lifeward Ltd spend on research and development?
Lifeward Ltd (LFWD) invested $4.6M in research and development during fiscal year 2024.
How many shares does Lifeward Ltd have outstanding?
Lifeward Ltd (LFWD) had 9M shares outstanding as of fiscal year 2024.
What is Lifeward Ltd's current ratio?
Lifeward Ltd (LFWD) had a current ratio of 2.08 as of fiscal year 2024, which is generally considered healthy.
What is Lifeward Ltd's debt-to-equity ratio?
Lifeward Ltd (LFWD) had a debt-to-equity ratio of 0.62 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lifeward Ltd's return on assets (ROA)?
Lifeward Ltd (LFWD) had a return on assets of -94.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Lifeward Ltd's cash runway?
Based on fiscal year 2024 data, Lifeward Ltd (LFWD) had $6.7M in cash against an annual operating cash burn of $21.7M. This gives an estimated cash runway of approximately 4 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 Lifeward Ltd's Piotroski F-Score?
Lifeward Ltd (LFWD) has a Piotroski F-Score of 2 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 Lifeward Ltd's earnings high quality?
Lifeward Ltd (LFWD) has an earnings quality ratio of 0.75x, 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.
How financially healthy is Lifeward Ltd?
Lifeward Ltd (LFWD) scores 50 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.