Lite Strategy Inc Financials
This page shows Lite Strategy Inc (LITS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 24 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
Lite Strategy Inc passes 2 of 9 financial strength tests. No profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Lite Strategy Inc generates $1.31 in operating cash flow (-$20.8M OCF vs -$15.9M 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
Lite Strategy Inc generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Lite Strategy Inc's EBITDA was -$17.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 214.5% from the prior year.
Lite Strategy Inc generated -$20.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 58.7% from the prior year.
Lite Strategy Inc reported -$15.9M in net income in fiscal year 2025. This represents a decrease of 189.7% from the prior year.
Lite Strategy Inc earned $-2.39 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 189.5% from the prior year.
Lite Strategy Inc held $18.0M in cash against $0 in long-term debt as of fiscal year 2025.
Lite Strategy Inc had 7M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Lite Strategy Inc invested $3.9M in research and development in fiscal year 2025. This represents a decrease of 76.3% from the prior year.
Lite Strategy Inc invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
LITS Income Statement
| Metric | Q2'25 | Q3'25 | Q1'25 | Q2'24 | Q2'23 | Q3'24 | Q1'24 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $60K | $0 | $0-100.0% | $32.7M+176.7% | $11.8M+100.7% | $5.9M-32.5% | $8.7M-30.7% | $12.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | $0 | N/A | N/A | $494K |
| Gross Profit | N/A | N/A | N/A | N/A | $11.8M | N/A | N/A | $12.1M |
| R&D Expenses | $46K-87.5% | $369K-88.3% | $3.2M-79.3% | $15.3M-28.9% | $21.5M+42.6% | $15.1M-22.4% | $19.5M-12.4% | $22.2M |
| SG&A Expenses | $3.3M+37.4% | $2.4M-53.7% | $5.2M-38.9% | $8.5M+7.2% | $7.9M+10.4% | $7.2M-4.1% | $7.5M+32.5% | $5.7M |
| Operating Income | -$29.9M-976.7% | -$2.8M+66.8% | -$8.4M-193.6% | $8.9M+150.6% | -$17.6M-7.5% | -$16.4M+10.0% | -$18.2M-15.5% | -$15.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$30.8M-1097.0% | -$2.6M+67.9% | -$8.0M-178.1% | $10.3M+184.3% | -$12.2M+21.3% | -$15.4M+7.1% | -$16.6M-107.1% | -$8.0M |
| EPS (Diluted) | $-0.82 | $-0.39+67.5% | $-1.20-177.9% | $1.54+1200.0% | $-0.14+94.0% | $-2.32 | $-2.49-1815.4% | $-0.13 |
LITS Balance Sheet
| Metric | Q2'25 | Q3'25 | Q1'25 | Q2'24 | Q2'23 | Q3'24 | Q1'24 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $82.9M+299.1% | $20.8M-25.1% | $27.8M-32.9% | $41.4M-65.8% | $120.8M-10.0% | $134.2M-18.0% | $163.6M-8.0% | $177.8M |
| Current Assets | $10.9M-47.5% | $20.8M-25.1% | $27.7M-31.9% | $40.8M-62.1% | $107.5M-10.8% | $120.5M-19.1% | $148.9M-10.9% | $167.1M |
| Cash & Equivalents | $8.8M-57.2% | $20.5M+194.5% | $7.0M+87.6% | $3.7M-78.1% | $16.9M+91.9% | $8.8M-39.9% | $14.7M-6.9% | $15.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | N/A | N/A | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.1M-12.2% | $1.2M-56.9% | $2.9M-65.6% | $8.4M-91.3% | $96.2M-3.7% | $99.8M-20.9% | $126.3M+0.7% | $125.4M |
| Current Liabilities | $1.1M-12.2% | $1.2M-56.9% | $2.9M-65.6% | $8.4M-58.9% | $20.3M-13.9% | $23.6M+0.8% | $23.4M-4.1% | $24.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $81.8M+318.9% | $19.5M-21.5% | $24.9M-24.7% | $33.0M+34.1% | $24.6M-28.3% | $34.4M-7.9% | $37.3M-28.8% | $52.4M |
| Retained Earnings | -$438.6M-9.2% | -$401.5M-1.3% | -$396.2M-2.1% | -$388.2M+4.4% | -$406.0M-2.5% | -$396.0M-1.3% | -$390.8M-4.4% | -$374.2M |
LITS Cash Flow Statement
| Metric | Q2'25 | Q3'25 | Q1'25 | Q2'24 | Q2'23 | Q3'24 | Q1'24 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9M+41.0% | -$3.3M+71.5% | -$11.4M+36.4% | -$18.0M-59.3% | -$11.3M+6.8% | -$12.1M+17.9% | -$14.8M+4.7% | -$15.5M |
| Capital Expenditures | $0 | $0 | $0 | $0-100.0% | $51K | N/A | $63K-79.4% | $306K |
| Free Cash Flow | -$2.5M+24.7% | -$3.3M+82.3% | -$18.5M-2.7% | -$18.0M-108.9% | -$8.6M | N/A | -$14.8M+6.1% | -$15.8M |
| Investing Cash Flow | $569K | $0-100.0% | $14.7M-24.8% | $19.5M+0.8% | $19.4M+93.5% | $10.0M-27.0% | $13.7M-31.7% | $20.1M |
| Financing Cash Flow | $5K | $0 | $0+100.0% | -$208K | $0 | $0+100.0% | -$40K-300.0% | $20K |
| Dividends Paid | $0 | $0 | N/A | $0 | $0 | $0 | N/A | N/A |
| Share Buybacks | $203 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LITS Financial Ratios
| Metric | Q2'25 | Q3'25 | Q1'25 | Q2'24 | Q2'23 | Q3'24 | Q1'24 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | 100.0% | N/A | N/A | 96.1% |
| Operating Margin | -49778.3% | N/A | 84.7%+57.4pp | 27.3%+176.2pp | -149.0%+129.1pp | -278.1%-69.4pp | -208.7%-83.5pp | -125.2% |
| Net Margin | -51331.7% | N/A | 86.3%+55.0pp | 31.3%+134.1pp | -102.7%+159.2pp | -261.9%-71.5pp | -190.4%-126.7pp | -63.7% |
| Return on Equity | 37.6% | N/A | 69.3%+48.1pp | 21.2% | N/A | N/A | N/A | N/A |
| Return on Assets | -37.1%-24.8pp | -12.4%+16.5pp | -28.8%-35.8pp | 7.0%+12.8pp | -5.8%+5.7pp | -11.5%-1.3pp | -10.2%-6.2pp | -3.9% |
| Current Ratio | 10.04-6.7 | 16.78+7.1 | 9.66+4.8 | 4.88-0.4 | 5.29+0.2 | 5.10-1.3 | 6.35-0.5 | 6.84 |
| Debt-to-Equity | 0.01-0.1 | 0.06-0.1 | 0.12-0.1 | 0.25-3.7 | 3.91+1.0 | 2.91-0.5 | 3.38+1.0 | 2.39 |
| FCF Margin | N/A | N/A | -28.3% | N/A | -72.8% | N/A | -170.0%-201.8pp | 31.7% |
Frequently Asked Questions
What is Lite Strategy Inc's annual revenue?
Lite Strategy Inc (LITS) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% 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 Lite Strategy Inc's revenue growing?
Lite Strategy Inc (LITS) revenue declined by 100% year-over-year, from $65.3M to $0 in fiscal year 2025.
Is Lite Strategy Inc profitable?
No, Lite Strategy Inc (LITS) reported a net income of -$15.9M in fiscal year 2025.
What is Lite Strategy Inc's earnings per share (EPS)?
Lite Strategy Inc (LITS) reported diluted earnings per share of $-2.39 for fiscal year 2025. This represents a -189.5% 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 Lite Strategy Inc's EBITDA?
Lite Strategy Inc (LITS) had EBITDA of -$17.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Lite Strategy Inc's free cash flow?
Lite Strategy Inc (LITS) generated -$20.8M in free cash flow during fiscal year 2025. This represents a 58.7% 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 Lite Strategy Inc's operating cash flow?
Lite Strategy Inc (LITS) generated -$20.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lite Strategy Inc's total assets?
Lite Strategy Inc (LITS) had $18.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lite Strategy Inc's capital expenditures?
Lite Strategy Inc (LITS) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lite Strategy Inc spend on research and development?
Lite Strategy Inc (LITS) invested $3.9M in research and development during fiscal year 2025.
How many shares does Lite Strategy Inc have outstanding?
Lite Strategy Inc (LITS) had 7M shares outstanding as of fiscal year 2025.
What is Lite Strategy Inc's current ratio?
Lite Strategy Inc (LITS) had a current ratio of 13.50 as of fiscal year 2025, which is generally considered healthy.
What is Lite Strategy Inc's debt-to-equity ratio?
Lite Strategy Inc (LITS) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lite Strategy Inc's return on assets (ROA)?
Lite Strategy Inc (LITS) had a return on assets of -87.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lite Strategy Inc's cash runway?
Based on fiscal year 2025 data, Lite Strategy Inc (LITS) had $18.0M in cash against an annual operating cash burn of $20.8M. This gives an estimated cash runway of approximately 10 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 Lite Strategy Inc's Piotroski F-Score?
Lite Strategy Inc (LITS) 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 Lite Strategy Inc's earnings high quality?
Lite Strategy Inc (LITS) has an earnings quality ratio of 1.31x, 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.