What is Lifeward Ltd's earnings per share (EPS)?

Lifeward Ltd (LFWD) reported diluted earnings per share of $-17.16 for fiscal year 2025. 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.

Lifeward Ltd Financials

LFWD

Source SEC Filings (10-K/10-Q) Updated Mar 18, 2026 Currency USD FYE March

This page shows Lifeward Ltd (LFWD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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

Financial Profile 16/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Lifeward Ltd has an operating margin of -89.3%, meaning the company retains $-89 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 -114.4% the prior year.

Growth

Lifeward Ltd's revenue declined 14.1% year-over-year, from $25.7M to $22.0M. This contraction results in a growth score of 10/100.

Leverage

Lifeward Ltd carries a low D/E ratio of 1.72, meaning only $1.72 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 67/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Lifeward Ltd's current ratio of 1.31 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Cash Flow

While Lifeward Ltd generated -$16.8M in operating cash flow, capex of $16K consumed most of it, leaving -$16.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Lifeward Ltd generates a -236.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -153.6% the prior year.

Piotroski F-Score Neutral

5/9

Lifeward Ltd passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.84x

For every $1 of reported earnings, Lifeward Ltd generates $0.84 in operating cash flow (-$16.8M OCF vs -$19.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-44.5x

Lifeward Ltd earns $-44.5 in operating income for every $1 of interest expense (-$19.7M vs $442K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$22.0M

YoY-14.1%

5Y CAGR+38.1%

10Y CAGR+19.4%

Lifeward Ltd generated $22.0M in revenue in fiscal year 2025. This represents a decrease of 14.1% from the prior year.

EBITDA

-$16.0M

YoY+37.3%

Lifeward Ltd's EBITDA was -$16.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.3% from the prior year.

Net Income

-$19.9M

YoY+31.2%

Lifeward Ltd reported -$19.9M in net income in fiscal year 2025. This represents an increase of 31.2% from the prior year.

EPS (Diluted)

$-17.16

Lifeward Ltd earned $-17.16 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 415.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$16.8M

YoY+22.5%

Lifeward Ltd generated -$16.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 22.5% from the prior year.

Cash & Debt

$2.2M

YoY-67.8%

5Y CAGR-36.1%

10Y CAGR-19.0%

Lifeward Ltd held $2.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

Lifeward Ltd had 2M shares outstanding in fiscal year 2025. This represents a decrease of 82.6% from the prior year.

Margins & Returns

Gross Margin

38.3%

YoY+6.2pp

5Y CAGR-11.6pp

10Y CAGR+32.5pp

Lifeward Ltd's gross margin was 38.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.2 percentage points from the prior year.

Operating Margin

-89.3%

YoY+25.1pp

5Y CAGR+184.0pp

10Y CAGR+582.7pp

Lifeward Ltd's operating margin was -89.3% in fiscal year 2025, reflecting core business profitability. This is up 25.1 percentage points from the prior year.

Net Margin

-90.4%

YoY+22.4pp

5Y CAGR+205.0pp

10Y CAGR+588.1pp

Lifeward Ltd's net profit margin was -90.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 22.4 percentage points from the prior year.

Return on Equity

-236.8%

YoY-83.3pp

5Y CAGR-177.3pp

10Y CAGR-115.4pp

Lifeward Ltd's ROE was -236.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 83.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$3.2M

YoY-29.8%

5Y CAGR-1.2%

10Y CAGR-5.9%

Lifeward Ltd invested $3.2M in research and development in fiscal year 2025. This represents a decrease of 29.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$16K

5Y CAGR-26.2%

10Y CAGR-30.2%

Lifeward Ltd invested $16K in capex in fiscal year 2025, funding long-term assets and infrastructure.

LFWD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$22.0M-14.1%	$25.7M+85.2%	$13.9M+151.4%	$5.5M-7.6%	$6.0M+35.8%	$4.4M
Cost of Revenue	$13.6M-22.0%	$17.4M+85.6%	$9.4M+160.7%	$3.6M+17.7%	$3.1M+39.0%	$2.2M
Gross Profit	$8.4M+2.6%	$8.2M+84.5%	$4.5M+133.8%	$1.9M-34.4%	$2.9M+32.6%	$2.2M
R&D Expenses	$3.2M-29.8%	$4.6M+11.5%	$4.1M+2.9%	$4.0M+37.2%	$2.9M-15.0%	$3.5M
SG&A Expenses	$8.2M+57.7%	$5.2M-48.0%	$10.0M+40.1%	$7.1M+26.8%	$5.6M+13.0%	$5.0M
Operating Income	-$19.7M+33.0%	-$29.3M-24.3%	-$23.6M-23.6%	-$19.1M-50.9%	-$12.7M-5.4%	-$12.0M
Interest Expense	$442K	$0-100.0%	$11K	$0	$0-100.0%	$907K
Income Tax	-$55K-227.9%	$43K+458.3%	-$12K-102.6%	$467K+396.8%	$94K+84.3%	$51K
Net Income	-$19.9M+31.2%	-$28.9M-30.8%	-$22.1M-13.1%	-$19.6M-53.7%	-$12.7M+1.8%	-$13.0M
EPS (Diluted)	$-17.16	$-3.33-28.6%	$-2.59	$-2.20-714.8%	$-0.27+67.1%	$-0.82

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$6.2M+8.2%	$5.7M+13.7%	$5.0M-33.3%	$7.5M+23.1%	$6.1M-8.6%	$6.7M+27.0%	$5.3M-23.3%	$6.9M
Cost of Revenue	$3.5M+8.6%	$3.2M+10.3%	$2.9M-48.9%	$5.7M+45.9%	$3.9M-1.1%	$4.0M+1.6%	$3.9M-12.5%	$4.4M
Gross Profit	$2.7M+7.8%	$2.5M+18.3%	$2.1M+15.1%	$1.8M-16.9%	$2.2M-19.5%	$2.8M+97.6%	$1.4M-42.9%	$2.4M
R&D Expenses	$721K-6.0%	$767K-16.4%	$918K-18.8%	$1.1M+13.3%	$998K-17.2%	$1.2M-6.7%	$1.3M-2.0%	$1.3M
SG&A Expenses	$2.0M+12.6%	$1.7M-21.7%	$2.2M+25.4%	$1.8M+637.9%	$240K-84.9%	$1.6M0.0%	$1.6M-34.1%	$2.4M
Operating Income	-$3.1M+52.2%	-$6.6M-35.2%	-$4.9M+68.1%	-$15.2M-379.8%	-$3.2M+28.6%	-$4.4M+31.7%	-$6.5M-5.9%	-$6.1M
Interest Expense	N/A	N/A	$0	N/A	N/A	N/A	$8K	N/A
Income Tax	$7K	$0-100.0%	$11K+266.7%	$3K-89.7%	$29K+480.0%	$5K-16.7%	$6K+107.7%	-$78K
Net Income	-$3.2M+51.7%	-$6.6M-35.7%	-$4.8M+68.4%	-$15.3M-395.4%	-$3.1M+28.3%	-$4.3M+31.4%	-$6.3M-11.3%	-$5.6M
EPS (Diluted)	$-0.20+65.5%	$-0.58-26.1%	$-0.46	N/A	$-0.35+30.0%	$-0.50	$-0.73	N/A

LFWD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$22.9M-24.9%	$30.5M-51.8%	$63.2M-14.9%	$74.2M-21.7%	$94.8M+237.6%	$28.1M
Current Assets	$15.8M-25.8%	$21.3M-45.7%	$39.2M-45.9%	$72.5M-21.6%	$92.5M+266.4%	$25.2M
Cash & Equivalents	$2.2M-67.8%	$6.7M-76.0%	$28.1M-58.6%	$67.9M-23.1%	$88.3M+334.1%	$20.4M
Inventory	$5.7M-14.7%	$6.7M+18.9%	$5.7M+93.0%	$2.9M-2.0%	$3.0M-15.6%	$3.5M
Accounts Receivable	$6.1M+2.2%	$6.0M+92.4%	$3.1M+201.2%	$1.0M+77.1%	$585K-14.5%	$684K
Goodwill	$4.8M-36.9%	$7.5M0.0%	$7.5M	$0	N/A	N/A
Total Liabilities	$14.5M+24.5%	$11.6M-30.2%	$16.7M+174.8%	$6.1M+13.1%	$5.4M-14.7%	$6.3M
Current Liabilities	$12.0M+17.7%	$10.2M-13.3%	$11.8M+146.7%	$4.8M+18.4%	$4.0M-13.5%	$4.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.4M-55.4%	$18.8M-59.5%	$46.5M-31.8%	$68.2M-23.7%	$89.4M+310.5%	$21.8M
Retained Earnings	-$284.7M-7.5%	-$264.8M-12.3%	-$235.9M-10.4%	-$213.8M-10.1%	-$194.2M-7.0%	-$181.4M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$23.2M-13.5%	$26.8M-7.1%	$28.8M-5.5%	$30.5M-33.4%	$45.8M-10.2%	$51.0M-7.7%	$55.2M-12.6%	$63.2M
Current Assets	$17.3M-16.2%	$20.7M+4.5%	$19.8M-6.9%	$21.3M-16.9%	$25.6M-13.6%	$29.6M-9.6%	$32.8M-16.4%	$39.2M
Cash & Equivalents	$2.0M-61.9%	$5.1M-10.3%	$5.7M-15.1%	$6.7M-36.7%	$10.7M-29.6%	$15.1M-27.1%	$20.7M-26.1%	$28.1M
Inventory	$7.1M-6.7%	$7.6M+12.1%	$6.8M+1.2%	$6.7M-7.9%	$7.3M+1.5%	$7.2M+18.7%	$6.1M+7.2%	$5.7M
Accounts Receivable	$6.1M+4.5%	$5.9M+13.5%	$5.2M-14.0%	$6.0M+2.8%	$5.8M+10.9%	$5.3M+50.9%	$3.5M+11.9%	$3.1M
Goodwill	$4.8M0.0%	$4.8M-36.9%	$7.5M0.0%	$7.5M0.0%	$7.5M0.0%	$7.5M0.0%	$7.5M0.0%	$7.5M
Total Liabilities	$10.4M-10.7%	$11.7M+12.7%	$10.4M-11.0%	$11.6M-2.0%	$11.9M-16.9%	$14.3M-2.1%	$14.6M-12.5%	$16.7M
Current Liabilities	$9.1M-12.6%	$10.4M+14.2%	$9.1M-11.3%	$10.2M+5.9%	$9.7M-3.1%	$10.0M-1.2%	$10.1M-14.4%	$11.8M
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-2.1%	$18.8M-44.4%	$33.9M-7.6%	$36.7M-9.7%	$40.6M-12.7%	$46.5M
Retained Earnings	-$279.4M-1.1%	-$276.2M-2.4%	-$269.7M-1.8%	-$264.8M-6.1%	-$249.5M-1.3%	-$246.5M-1.8%	-$242.2M-2.7%	-$235.9M

LFWD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$16.8M+22.5%	-$21.7M-5.1%	-$20.7M-15.5%	-$17.9M-56.0%	-$11.5M+8.9%	-$12.6M
Capital Expenditures	$16K	$0-100.0%	$81K+224.0%	$25K-46.8%	$47K-35.6%	$73K
Free Cash Flow	-$16.8M+22.5%	-$21.7M-4.7%	-$20.7M-15.8%	-$17.9M-55.6%	-$11.5M+9.1%	-$12.7M
Investing Cash Flow	-$16K	$0+100.0%	-$18.1M-72496.0%	-$25K+46.8%	-$47K+35.6%	-$73K
Financing Cash Flow	$12.2M	$0+100.0%	-$992K+60.3%	-$2.5M-103.1%	$79.5M+375.4%	$16.7M
Dividends Paid	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

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$3.8M+2.4%	-$3.9M+28.3%	-$5.5M-38.4%	-$4.0M+11.0%	-$4.5M+20.6%	-$5.6M+26.8%	-$7.7M-71.1%	-$4.5M
Capital Expenditures	$0	$0-100.0%	$5K	$0	$0	$0	$0-100.0%	$79K
Free Cash Flow	-$3.8M+2.4%	-$3.9M+28.4%	-$5.5M-38.5%	-$4.0M+11.0%	-$4.5M+20.6%	-$5.6M+26.8%	-$7.7M-68.2%	-$4.6M
Investing Cash Flow	$0	$0+100.0%	-$5K	$0	$0	$0	$0+100.0%	-$79K
Financing Cash Flow	$646K-80.5%	$3.3M-26.0%	$4.5M	$0	$0	$0	$0	$0
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	38.3%+6.2pp	32.0%-0.1pp	32.1%-2.4pp	34.6%-14.1pp	48.7%-1.2pp	49.8%
Operating Margin	-89.3%+25.1pp	-114.4%+56.1pp	-170.4%+176.2pp	-346.6%-134.5pp	-212.1%+61.1pp	-273.3%
Net Margin	-90.4%+22.4pp	-112.8%+47.0pp	-159.8%+195.3pp	-355.1%-141.6pp	-213.5%+81.9pp	-295.4%
Return on Equity	-236.8%-83.3pp	-153.6%-106.0pp	-47.6%-18.9pp	-28.7%-14.5pp	-14.2%+45.3pp	-59.6%
Return on Assets	-87.0%+8.0pp	-94.9%-59.9pp	-35.0%-8.7pp	-26.4%-12.9pp	-13.4%+32.8pp	-46.2%
Current Ratio	1.31-0.8	2.08-1.2	3.33-11.8	15.16-7.7	22.91+17.5	5.41
Debt-to-Equity	1.72+1.1	0.62+0.3	0.36+0.3	0.09+0.0	0.06-0.2	0.29
FCF Margin	-76.4%+8.2pp	-84.6%+65.1pp	-149.8%+175.3pp	-325.1%-132.1pp	-193.0%+95.2pp	-288.2%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	43.7%-0.2pp	43.9%+1.7pp	42.1%+17.7pp	24.4%-11.8pp	36.2%-4.9pp	41.1%+14.7pp	26.4%-9.1pp	35.5%
Operating Margin	-50.7%+64.0pp	-114.7%-18.3pp	-96.4%+105.4pp	-201.8%-150.0pp	-51.8%+14.4pp	-66.2%+56.8pp	-123.1%-33.9pp	-89.1%
Net Margin	-51.2%+63.5pp	-114.6%-18.6pp	-96.0%+106.5pp	-202.5%-152.2pp	-50.3%+13.8pp	-64.2%+54.6pp	-118.8%-36.9pp	-81.9%
Return on Equity	-24.9%+18.6pp	-43.4%-17.2pp	-26.2%+54.9pp	-81.0%-72.0pp	-9.1%+2.6pp	-11.7%+3.7pp	-15.4%-3.3pp	-12.1%
Return on Assets	-13.7%+10.8pp	-24.5%-7.7pp	-16.8%+33.3pp	-50.1%-43.4pp	-6.7%+1.7pp	-8.4%+2.9pp	-11.4%-2.4pp	-8.9%
Current Ratio	1.92-0.1	2.00-0.2	2.18+0.1	2.08-0.6	2.65-0.3	2.97-0.3	3.25-0.1	3.33
Debt-to-Equity	0.82+0.0	0.77+0.2	0.56-0.1	0.62+0.3	0.35-0.0	0.39+0.0	0.360.0	0.36
FCF Margin	-62.0%+6.7pp	-68.8%+40.5pp	-109.2%-56.6pp	-52.6%+20.2pp	-72.8%+11.0pp	-83.8%+61.5pp	-145.2%-79.0pp	-66.3%

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Frequently Asked Questions

What is Lifeward Ltd's annual revenue?

Lifeward Ltd (LFWD) reported $22.0M in total revenue for fiscal year 2025. This represents a -14.1% 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 Lifeward Ltd's revenue growing?

Lifeward Ltd (LFWD) revenue declined by 14.1% year-over-year, from $25.7M to $22.0M in fiscal year 2025.

Is Lifeward Ltd profitable?

No, Lifeward Ltd (LFWD) reported a net income of -$19.9M in fiscal year 2025, with a net profit margin of -90.4%.

What is Lifeward Ltd's EBITDA?

Lifeward Ltd (LFWD) had EBITDA of -$16.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Lifeward Ltd's gross margin?

Lifeward Ltd (LFWD) had a gross margin of 38.3% in fiscal year 2025, 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 -89.3% in fiscal year 2025, 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 -90.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Lifeward Ltd's return on equity (ROE)?

Lifeward Ltd (LFWD) has a return on equity of -236.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Lifeward Ltd's free cash flow?

Lifeward Ltd (LFWD) generated -$16.8M in free cash flow during fiscal year 2025. This represents a 22.5% 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 -$16.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lifeward Ltd's total assets?

Lifeward Ltd (LFWD) had $22.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lifeward Ltd's capital expenditures?

Lifeward Ltd (LFWD) invested $16K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Lifeward Ltd spend on research and development?

Lifeward Ltd (LFWD) invested $3.2M in research and development during fiscal year 2025.

How many shares does Lifeward Ltd have outstanding?

Lifeward Ltd (LFWD) had 2M shares outstanding as of fiscal year 2025.

What is Lifeward Ltd's current ratio?

Lifeward Ltd (LFWD) had a current ratio of 1.31 as of fiscal year 2025, which is considered adequate.

What is Lifeward Ltd's debt-to-equity ratio?

Lifeward Ltd (LFWD) had a debt-to-equity ratio of 1.72 as of fiscal year 2025, 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 -87.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lifeward Ltd's cash runway?

Based on fiscal year 2025 data, Lifeward Ltd (LFWD) had $2.2M in cash against an annual operating cash burn of $16.8M. This gives an estimated cash runway of approximately 2 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 5 out of 9, indicating neutral 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 0.84x, 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 Lifeward Ltd cover its interest payments?

Lifeward Ltd (LFWD) has an interest coverage ratio of -44.5x, 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 Lifeward Ltd?

Lifeward Ltd (LFWD) scores 16 out of 100 on our Financial Profile, indicating weak 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.