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.

Lite Strategy Inc Financials

LITS

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE June

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).

Rhea AI LITS FY2025 2026-05-13

Liquidity improved mainly through asset monetization, while the operating model still consumed cash faster than income suggested.

In FY2024, reported profitability did not mark a self-funding turn: net income was $17.8M while operating cash flow was -$50.5M. By FY2025, cash rose to $18.0M because investing inflow was $35.2M, which means liquidity came from balance-sheet conversion rather than operating cash generation.

The FY2024 margin swing looks more like a cost-base reset than a pure sales story. R&D fell to $16.6M from $52.5M, so the move into operating profit depended heavily on dialing back internal spending; that changed the economics of the business more than simple top-line improvement did.

The balance sheet became much lighter over two years, with total assets falling to $18.3M in FY2025 from $120.8M in FY2023. Liabilities were only $1.4M, leaving little solvency pressure but also a much smaller asset base to absorb continuing cash burn.

Financial Health Signals

Financial health score pending refresh

We are recalculating Lite Strategy Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

-18.36

Lite Strategy Inc scores -18.36, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($33.0M) relative to total liabilities ($1.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/7

Lite Strategy Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

1.31x

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

Export CSV

Earnings & Revenue

Revenue

YoY-100.0%

Lite Strategy Inc generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EBITDA

-$17.1M

YoY-214.5%

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.

Net Income

-$15.9M

YoY-189.7%

Lite Strategy Inc reported -$15.9M in net income in fiscal year 2025. This represents a decrease of 189.7% from the prior year.

EPS (Diluted)

$-2.39

YoY-189.5%

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.

Cash & Balance Sheet

Free Cash Flow

-$20.8M

YoY+58.7%

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.

Cash & Debt

$18.0M

YoY+386.1%

5Y CAGR+7.9%

10Y CAGR-0.4%

Lite Strategy Inc held $18.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.0%

Lite Strategy Inc had 7M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-94.2%

YoY-148.0pp

5Y CAGR-33.0pp

10Y CAGR-39.5pp

Lite Strategy Inc's ROE was -94.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 148.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$3.9M

YoY-76.3%

5Y CAGR-35.1%

10Y CAGR-16.5%

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.

Share Buybacks

N/A

Capital Expenditures

YoY-100.0%

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	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$0-100.0%	$65.3M+33.8%	$48.8M+19.9%	$40.7M+17.0%	$34.8M+25.4%	$27.8M
Cost of Revenue	N/A	N/A	N/A	$0-100.0%	$1.4M-47.3%	$2.7M
Gross Profit	N/A	N/A	N/A	$40.7M+21.9%	$33.4M+33.1%	$25.1M
R&D Expenses	$3.9M-76.3%	$16.6M-68.4%	$52.5M-38.8%	$85.6M+23.4%	$69.4M+103.7%	$34.1M
SG&A Expenses	$13.5M-41.9%	$23.3M-29.7%	$33.1M+8.5%	$30.5M+25.1%	$24.4M+46.0%	$16.7M
Operating Income	-$17.5M-220.0%	$14.5M+139.6%	-$36.8M+51.3%	-$75.5M-24.9%	-$60.4M-135.1%	-$25.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0-100.0%	$8K+700.0%	$1K
Net Income	-$15.9M-189.7%	$17.8M+155.6%	-$32.0M+40.7%	-$54.0M-31.7%	-$41.0M+13.1%	-$47.2M
EPS (Diluted)	$-2.39-189.5%	$2.67+155.9%	$-4.78	$-9.99-1565.0%	$-0.60-15.4%	$-0.52

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$54K-10.0%	$60K	N/A	N/A	$202K-27.6%	$279K	$0	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$30K-34.8%	$46K+360.0%	$10K	N/A	$369K+19.8%	$308K-90.3%	$3.2M	N/A
SG&A Expenses	$2.7M-17.2%	$3.3M+6.7%	$3.1M	N/A	$2.4M-23.5%	$3.1M-39.4%	$5.2M	N/A
Operating Income	-$21.6M+27.6%	-$29.9M-698.8%	-$3.7M	N/A	-$2.8M+19.6%	-$3.5M+58.7%	-$8.4M	N/A
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	-$23.7M+23.1%	-$30.8M-746.4%	-$3.6M	N/A	-$2.6M+3.9%	-$2.7M+66.6%	-$8.0M	N/A
EPS (Diluted)	$-0.66+19.5%	$-0.82-583.3%	$-0.12	N/A	$-0.39+2.5%	$-0.40+66.7%	$-1.20	N/A

LITS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$18.3M-55.8%	$41.4M-65.8%	$120.8M-32.1%	$177.8M+2.1%	$174.1M-17.0%	$209.7M
Current Assets	$18.3M-55.1%	$40.8M-62.1%	$107.5M-35.7%	$167.1M+1.4%	$164.8M-21.0%	$208.6M
Cash & Equivalents	$18.0M+386.1%	$3.7M-78.1%	$16.9M+7.4%	$15.7M+84.2%	$8.5M-30.7%	$12.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$0	$0	$0	$0	$0	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.4M-83.8%	$8.4M-91.3%	$96.2M-23.3%	$125.4M+0.6%	$124.6M-6.1%	$132.7M
Current Liabilities	$1.4M-83.8%	$8.4M-58.9%	$20.3M-16.8%	$24.4M+20.9%	$20.2M+46.9%	$13.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$16.9M-48.7%	$33.0M+34.1%	$24.6M-53.0%	$52.4M+6.0%	$49.5M-35.8%	$77.1M
Retained Earnings	-$404.2M-4.1%	-$388.2M+4.4%	-$406.0M-8.5%	-$374.2M-17.0%	-$319.7M-14.8%	-$278.4M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$57.8M-30.3%	$82.9M-26.8%	$113.3M+519.8%	$18.3M-12.0%	$20.8M-14.8%	$24.4M-12.1%	$27.8M-32.9%	$41.4M
Current Assets	$11.0M+0.6%	$10.9M-17.6%	$13.2M-27.6%	$18.3M-12.0%	$20.8M-14.8%	$24.4M-12.1%	$27.7M-31.9%	$40.8M
Cash & Equivalents	$7.5M-13.9%	$8.8M-13.4%	$10.1M-43.9%	$18.0M-12.0%	$20.5M-13.8%	$23.7M+241.5%	$7.0M+87.6%	$3.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$952K-12.4%	$1.1M+1.8%	$1.1M-21.1%	$1.4M+9.4%	$1.2M-45.9%	$2.3M-20.4%	$2.9M-65.6%	$8.4M
Current Liabilities	$952K-12.4%	$1.1M+1.8%	$1.1M-21.1%	$1.4M+9.4%	$1.2M-45.9%	$2.3M-20.4%	$2.9M-65.6%	$8.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$56.8M-30.6%	$81.8M-27.1%	$112.3M+563.1%	$16.9M-13.4%	$19.5M-11.6%	$22.1M-11.2%	$24.9M-24.7%	$33.0M
Retained Earnings	-$462.3M-5.4%	-$438.6M-7.6%	-$407.8M-0.9%	-$404.2M-0.7%	-$401.5M-0.6%	-$398.9M-0.7%	-$396.2M-2.1%	-$388.2M

LITS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$20.8M+58.7%	-$50.5M+3.8%	-$52.5M-7.7%	-$48.7M-52.5%	-$32.0M-193.3%	$34.3M
Capital Expenditures	$0-100.0%	$7K-80.0%	$35K-92.7%	$479K-32.3%	$708K-20.8%	$894K
Free Cash Flow	-$20.8M+58.7%	-$50.5M+3.9%	-$52.5M-6.7%	-$49.2M-50.7%	-$32.7M-197.9%	$33.4M
Investing Cash Flow	$35.1M-28.5%	$49.1M-8.5%	$53.7M+679.0%	$6.9M-72.1%	$24.7M+123.2%	-$106.3M
Financing Cash Flow	$0+100.0%	-$11.9M-29570.0%	-$40K-100.1%	$49.1M+1314.4%	$3.5M-95.4%	$74.8M
Dividends Paid	$0-100.0%	$11.7M	$0	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$1.5M+21.2%	-$1.9M+57.2%	-$4.5M-83.2%	-$2.5M+24.7%	-$3.3M+10.9%	-$3.7M+68.0%	-$11.4M+36.4%	-$18.0M
Capital Expenditures	N/A	N/A	N/A	$0	$0	N/A	N/A	$0
Free Cash Flow	N/A	N/A	N/A	-$2.5M+24.7%	-$3.3M	N/A	N/A	-$18.0M
Investing Cash Flow	$2.1M+268.7%	$569K+100.6%	-$100.0M	$0	$0-100.0%	$20.5M+39.2%	$14.7M-24.8%	$19.5M
Financing Cash Flow	-$1.8M-35940.0%	$5K-100.0%	$96.6M	$0	$0	$0	$0+100.0%	-$208K
Dividends Paid	$11.7M	N/A	N/A	$0	$0	N/A	N/A	$0
Share Buybacks	$1.8M	N/A	N/A	N/A	$0	N/A	N/A	N/A

LITS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	100.0%+4.0pp	96.0%+5.6pp	90.4%
Operating Margin	N/A	22.3%+97.6pp	-75.3%+110.2pp	-185.5%-11.8pp	-173.7%-81.1pp	-92.6%
Net Margin	N/A	27.2%+92.8pp	-65.5%+67.1pp	-132.7%-14.9pp	-117.8%+52.1pp	-170.0%
Return on Equity	-94.2%-148.0pp	53.8%+183.8pp	-130.0%-26.9pp	-103.0%-20.1pp	-82.9%-21.7pp	-61.2%
Return on Assets	-87.2%-130.2pp	43.0%+69.5pp	-26.5%+3.9pp	-30.4%-6.8pp	-23.5%-1.1pp	-22.5%
Current Ratio	13.50+8.6	4.88-0.4	5.29-1.6	6.84-1.3	8.15-7.0	15.17
Debt-to-Equity	0.08-0.2	0.25-3.7	3.91+1.5	2.39-0.1	2.52+0.8	1.72
FCF Margin	N/A	-77.3%+30.3pp	-107.6%+13.4pp	-121.0%-27.1pp	-93.9%-214.1pp	120.2%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-40018.5%+9759.8pp	-49778.3%	N/A	N/A	-1373.3%-136.4pp	-1236.9%	N/A	N/A
Net Margin	-43877.8%+7453.9pp	-51331.7%	N/A	N/A	-1273.8%-314.3pp	-959.5%	N/A	N/A
Return on Equity	-41.7%-4.1pp	-37.6%-34.4pp	-3.2%	N/A	-13.2%-1.1pp	-12.1%+20.1pp	-32.2%	N/A
Return on Assets	-41.0%-3.9pp	-37.1%-33.9pp	-3.2%	N/A	-12.4%-1.4pp	-11.0%+17.9pp	-28.8%	N/A
Current Ratio	11.53+1.5	10.04-2.4	12.39-1.1	13.50-3.3	16.78+6.1	10.66+1.0	9.66+4.8	4.88
Debt-to-Equity	0.020.0	0.010.0	0.01-0.1	0.08+0.0	0.06-0.0	0.10-0.0	0.12-0.1	0.25
FCF Margin	N/A	N/A	N/A	N/A	-1617.3%	N/A	N/A	N/A

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 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 return on equity (ROE)?

Lite Strategy Inc (LITS) has a return on equity of -94.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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 Altman Z-Score?

Lite Strategy Inc (LITS) has an Altman Z-Score of -18.36, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Lite Strategy Inc's Piotroski F-Score?

Lite Strategy Inc (LITS) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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.