What is Lensar Inc's earnings per share (EPS)?

Lensar Inc (LNSR) reported diluted earnings per share of $-2.87 for fiscal year 2025. This represents a -5.1% 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.

Lensar Inc Financials

LNSR

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Lensar Inc (LNSR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 17/100

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

Profitability

Lensar Inc has an operating margin of -42.1%, meaning the company retains $-42 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 -19.9% the prior year.

Growth

Lensar Inc's revenue grew 9.2% year-over-year to $58.4M, a solid pace of expansion. This earns a growth score of 49/100.

Liquidity

Lensar Inc's current ratio of 1.15 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 18/100, which could limit financial flexibility.

Cash Flow

While Lensar Inc generated -$14.8M in operating cash flow, capex of $83K consumed most of it, leaving -$14.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Lensar Inc 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.

Earnings Quality Low Quality

0.43x

For every $1 of reported earnings, Lensar Inc generates $0.43 in operating cash flow (-$14.8M OCF vs -$34.3M 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

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Earnings & Revenue

Revenue

$58.4M

YoY+9.2%

5Y CAGR+17.2%

Lensar Inc generated $58.4M in revenue in fiscal year 2025. This represents an increase of 9.2% from the prior year.

EBITDA

-$20.1M

YoY-198.1%

Lensar Inc's EBITDA was -$20.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 198.1% from the prior year.

Net Income

-$34.3M

YoY-9.2%

Lensar Inc reported -$34.3M in net income in fiscal year 2025. This represents a decrease of 9.2% from the prior year.

EPS (Diluted)

$-2.87

YoY-5.1%

Lensar Inc earned $-2.87 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 5.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$14.9M

YoY-513.5%

Lensar Inc generated -$14.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 513.5% from the prior year.

Cash & Debt

$13.0M

YoY-20.2%

5Y CAGR-20.4%

Lensar Inc held $13.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

12M

YoY+2.6%

5Y CAGR+2.0%

Lensar Inc had 12M shares outstanding in fiscal year 2025. This represents an increase of 2.6% from the prior year.

Margins & Returns

Gross Margin

99.5%

YoY+51.1pp

5Y CAGR+46.1pp

Lensar Inc's gross margin was 99.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 51.1 percentage points from the prior year.

Operating Margin

-42.1%

YoY-22.1pp

5Y CAGR+28.1pp

Lensar Inc's operating margin was -42.1% in fiscal year 2025, reflecting core business profitability. This is down 22.1 percentage points from the prior year.

Net Margin

-58.7%

YoY+0.0pp

5Y CAGR+16.3pp

Lensar Inc's net profit margin was -58.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$5.6M

YoY+5.5%

5Y CAGR-5.7%

Lensar Inc invested $5.6M in research and development in fiscal year 2025. This represents an increase of 5.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$83K

YoY-46.8%

5Y CAGR-25.7%

Lensar Inc invested $83K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 46.8% from the prior year.

LNSR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$58.4M+9.2%	$53.5M+26.9%	$42.2M+19.2%	$35.4M+2.6%	$34.5M+30.6%	$26.4M
Cost of Revenue	$313K-98.9%	$27.6M+31.3%	$21.1M+36.7%	$15.4M-7.4%	$16.6M+35.1%	$12.3M
Gross Profit	$58.1M+124.8%	$25.9M+22.5%	$21.1M+5.8%	$20.0M+11.9%	$17.8M+26.7%	$14.1M
R&D Expenses	$5.6M+5.5%	$5.3M-13.2%	$6.1M-48.0%	$11.8M-4.4%	$12.4M+63.6%	$7.6M
SG&A Expenses	$45.2M+70.5%	$26.5M+1.5%	$26.1M-3.9%	$27.2M+13.7%	$23.9M+0.5%	$23.8M
Operating Income	-$24.6M-130.5%	-$10.7M+12.8%	-$12.2M+39.4%	-$20.2M-2.7%	-$19.7M-6.2%	-$18.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$1.3M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$34.3M-9.2%	-$31.4M-118.3%	-$14.4M+27.8%	-$19.9M-1.6%	-$19.6M+0.9%	-$19.8M
EPS (Diluted)	$-2.87-5.1%	$-2.73-108.4%	$-1.31+33.2%	$-1.96+6.2%	$-2.09	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$14.3M+2.7%	$13.9M-1.6%	$14.2M-15.4%	$16.7M+23.6%	$13.5M+7.1%	$12.6M+19.3%	$10.6M-12.5%	$12.1M
Cost of Revenue	$8.3M+19.8%	$6.9M-1.7%	$7.0M-26.9%	$9.6M+32.3%	$7.3M+24.9%	$5.8M+18.3%	$4.9M-29.2%	$7.0M
Gross Profit	$6.0M-14.1%	$7.0M-1.4%	$7.1M+0.2%	$7.1M+13.4%	$6.3M-8.0%	$6.8M+20.3%	$5.7M+10.0%	$5.1M
R&D Expenses	$1.4M-4.1%	$1.4M-7.1%	$1.5M+14.9%	$1.3M+11.1%	$1.2M-10.8%	$1.3M-6.6%	$1.4M-1.3%	$1.5M
SG&A Expenses	$12.0M+3.1%	$11.7M+4.6%	$11.1M+63.2%	$6.8M+12.4%	$6.1M-10.4%	$6.8M-0.2%	$6.8M+6.6%	$6.4M
Operating Income	-$7.6M-20.5%	-$6.3M-8.6%	-$5.8M-348.8%	-$1.3M-3.6%	-$1.2M+76.4%	-$5.3M-85.3%	-$2.9M+3.7%	-$3.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	N/A	$0	$0	$0	N/A
Net Income	-$3.7M-110.5%	-$1.8M+93.5%	-$27.3M-46.2%	-$18.7M-1145.1%	-$1.5M+83.4%	-$9.0M-319.2%	-$2.2M+45.1%	-$3.9M
EPS (Diluted)	$-0.31-106.7%	$-0.15+93.5%	$-2.32	N/A	$-0.13+83.5%	$-0.79-315.8%	$-0.19	N/A

LNSR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$71.4M+7.7%	$66.3M-4.7%	$69.6M+24.6%	$55.8M-16.0%	$66.5M-16.0%	$79.1M
Current Assets	$46.8M+11.4%	$42.0M-9.6%	$46.4M+37.8%	$33.7M-24.8%	$44.8M-23.2%	$58.4M
Cash & Equivalents	$13.0M-20.2%	$16.3M-21.1%	$20.6M+40.5%	$14.7M-53.6%	$31.6M-22.1%	$40.6M
Inventory	$21.5M+88.3%	$11.4M-27.2%	$15.7M+33.6%	$11.7M+80.9%	$6.5M-51.8%	$13.5M
Accounts Receivable	$6.4M+4.8%	$6.1M+52.1%	$4.0M-33.8%	$6.0M+30.2%	$4.6M+130.5%	$2.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$83.7M+36.2%	$61.4M+174.2%	$22.4M+61.7%	$13.9M+19.6%	$11.6M-2.7%	$11.9M
Current Liabilities	$40.6M+170.4%	$15.0M+29.0%	$11.6M+1.8%	$11.4M+31.1%	$8.7M+2.9%	$8.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$26.0M-635.2%	$4.9M-85.5%	$33.4M-20.4%	$42.0M-23.5%	$54.9M-18.3%	$67.2M
Retained Earnings	-$177.6M-23.9%	-$143.3M-28.1%	-$111.9M-14.8%	-$97.5M-25.7%	-$77.6M-33.8%	-$58.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$70.2M-0.3%	$70.4M-3.5%	$73.0M+10.0%	$66.3M+6.9%	$62.0M+1.0%	$61.4M-7.1%	$66.1M-5.0%	$69.6M
Current Assets	$44.4M-3.1%	$45.9M-6.8%	$49.2M+17.2%	$42.0M+6.5%	$39.4M-2.1%	$40.2M-5.2%	$42.4M-8.6%	$46.4M
Cash & Equivalents	$7.6M+6.8%	$7.2M-63.4%	$19.5M+20.2%	$16.3M+55.7%	$10.4M+26.0%	$8.3M-40.6%	$14.0M-32.3%	$20.6M
Inventory	$20.6M+7.0%	$19.2M+25.6%	$15.3M+34.1%	$11.4M-23.3%	$14.9M-17.0%	$17.9M+0.7%	$17.8M+13.6%	$15.7M
Accounts Receivable	$5.9M+18.3%	$5.0M-27.6%	$6.9M+13.1%	$6.1M+39.1%	$4.4M-25.8%	$5.9M+46.5%	$4.0M+0.5%	$4.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$82.3M+3.3%	$79.7M-2.0%	$81.3M+32.4%	$61.4M+56.4%	$39.3M+4.0%	$37.8M+10.1%	$34.3M+53.1%	$22.4M
Current Liabilities	$35.7M+18.7%	$30.1M+10.7%	$27.2M+81.1%	$15.0M+28.5%	$11.7M+12.7%	$10.4M-0.8%	$10.4M-10.2%	$11.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$25.9M-12.4%	-$23.1M-4.1%	-$22.1M-555.4%	$4.9M-78.6%	$22.7M-3.8%	$23.6M-25.7%	$31.8M-4.8%	$33.4M
Retained Earnings	-$176.1M-2.2%	-$172.4M-1.0%	-$170.6M-19.1%	-$143.3M-15.0%	-$124.6M-1.2%	-$123.1M-7.9%	-$114.0M-1.9%	-$111.9M

LNSR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$14.8M-551.9%	-$2.3M+76.4%	-$9.7M+35.0%	-$14.9M-65.6%	-$9.0M+35.0%	-$13.8M
Capital Expenditures	$83K-46.8%	$156K-33.9%	$236K+105.2%	$115K-67.5%	$354K-3.3%	$366K
Free Cash Flow	-$14.9M-513.5%	-$2.4M+75.4%	-$9.9M+33.9%	-$15.0M-60.6%	-$9.3M+34.1%	-$14.2M
Investing Cash Flow	$1.3M+159.4%	-$2.2M+48.0%	-$4.2M-3513.9%	-$115K+67.5%	-$354K-8.6%	-$326K
Financing Cash Flow	$10.3M+13051.3%	$78K-99.6%	$19.8M+1092.1%	-$2.0M-651.8%	$361K-99.3%	$50.0M
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	-$3.5M+29.7%	-$5.0M+28.0%	-$6.9M-289.7%	$3.7M+16.0%	$3.2M+183.5%	-$3.8M+28.8%	-$5.3M-1005.6%	-$480K
Capital Expenditures	$0-100.0%	$77K+1183.3%	$6K+100.0%	$3K-85.0%	$20K-82.3%	$113K+465.0%	$20K-55.6%	$45K
Free Cash Flow	-$3.5M+30.8%	-$5.1M+26.9%	-$6.9M-290.0%	$3.7M+16.6%	$3.1M+180.5%	-$3.9M+27.0%	-$5.3M-914.7%	-$525K
Investing Cash Flow	$4.0M+153.4%	-$7.5M-1510.9%	$531K-73.3%	$2.0M+320.1%	-$905K+55.2%	-$2.0M-64.9%	-$1.2M+69.1%	-$4.0M
Financing Cash Flow	$0-100.0%	$93K-99.0%	$9.7M+5534.3%	$172K+284.9%	-$93K-172.1%	$129K+199.2%	-$130K-189.0%	$146K
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

LNSR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	99.5%+51.1pp	48.3%-1.7pp	50.1%-6.4pp	56.4%+4.7pp	51.7%-1.6pp	53.3%
Operating Margin	-42.1%-22.1pp	-19.9%+9.1pp	-29.0%+28.1pp	-57.1%-0.0pp	-57.0%+13.1pp	-70.1%
Net Margin	-58.7%+0.0pp	-58.7%-24.6pp	-34.1%+22.2pp	-56.3%+0.6pp	-56.9%+18.1pp	-75.0%
Return on Equity	N/A	-645.9%-602.9pp	-43.0%+4.4pp	-47.4%-11.7pp	-35.7%-6.3pp	-29.4%
Return on Assets	-48.0%-0.6pp	-47.4%-26.7pp	-20.7%+15.0pp	-35.7%-6.2pp	-29.5%-4.5pp	-25.0%
Current Ratio	1.15-1.6	2.80-1.2	3.99+1.0	2.95-2.2	5.14-1.8	6.90
Debt-to-Equity	-3.22-15.9	12.64+12.0	0.67+0.3	0.33+0.1	0.21+0.0	0.18
FCF Margin	-25.5%-21.0pp	-4.5%+18.9pp	-23.5%+18.9pp	-42.3%-15.3pp	-27.1%+26.6pp	-53.7%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	42.2%-8.3pp	50.4%+0.1pp	50.3%+7.8pp	42.5%-3.8pp	46.3%-7.6pp	53.9%+0.4pp	53.5%+11.0pp	42.5%
Operating Margin	-52.9%-7.8pp	-45.1%-4.2pp	-40.9%-33.2pp	-7.7%+1.5pp	-9.2%+32.6pp	-41.8%-14.9pp	-26.9%-2.5pp	-24.5%
Net Margin	-25.9%-13.3pp	-12.7%+180.5pp	-193.1%-81.4pp	-111.8%-100.7pp	-11.1%+60.5pp	-71.6%-51.2pp	-20.4%+12.1pp	-32.4%
Return on Equity	N/A	N/A	N/A	-384.7%-378.1pp	-6.6%+31.6pp	-38.2%-31.5pp	-6.8%+5.0pp	-11.7%
Return on Assets	-5.3%-2.8pp	-2.5%+35.0pp	-37.5%-9.3pp	-28.2%-25.8pp	-2.4%+12.3pp	-14.7%-11.5pp	-3.3%+2.4pp	-5.6%
Current Ratio	1.24-0.3	1.52-0.3	1.81-1.0	2.80-0.6	3.37-0.5	3.88-0.2	4.06+0.1	3.99
Debt-to-Equity	-3.18+0.3	-3.46+0.2	-3.67-16.3	12.64+10.9	1.73+0.1	1.60+0.5	1.08+0.4	0.67
FCF Margin	-24.5%+11.9pp	-36.4%+12.6pp	-49.0%-70.9pp	21.8%-1.3pp	23.1%+53.9pp	-30.8%+19.5pp	-50.3%-46.0pp	-4.3%

Note: Shareholder equity is negative (-$26.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Lensar Inc's annual revenue?

Lensar Inc (LNSR) reported $58.4M in total revenue for fiscal year 2025. This represents a 9.2% 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 Lensar Inc's revenue growing?

Lensar Inc (LNSR) revenue grew by 9.2% year-over-year, from $53.5M to $58.4M in fiscal year 2025.

Is Lensar Inc profitable?

No, Lensar Inc (LNSR) reported a net income of -$34.3M in fiscal year 2025, with a net profit margin of -58.7%.

What is Lensar Inc's EBITDA?

Lensar Inc (LNSR) had EBITDA of -$20.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Lensar Inc's gross margin?

Lensar Inc (LNSR) had a gross margin of 99.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lensar Inc's operating margin?

Lensar Inc (LNSR) had an operating margin of -42.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Lensar Inc's net profit margin?

Lensar Inc (LNSR) had a net profit margin of -58.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Lensar Inc's free cash flow?

Lensar Inc (LNSR) generated -$14.9M in free cash flow during fiscal year 2025. This represents a -513.5% 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 Lensar Inc's operating cash flow?

Lensar Inc (LNSR) generated -$14.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lensar Inc's total assets?

Lensar Inc (LNSR) had $71.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lensar Inc's capital expenditures?

Lensar Inc (LNSR) invested $83K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Lensar Inc spend on research and development?

Lensar Inc (LNSR) invested $5.6M in research and development during fiscal year 2025.

How many shares does Lensar Inc have outstanding?

Lensar Inc (LNSR) had 12M shares outstanding as of fiscal year 2025.

What is Lensar Inc's current ratio?

Lensar Inc (LNSR) had a current ratio of 1.15 as of fiscal year 2025, which is considered adequate.

What is Lensar Inc's debt-to-equity ratio?

Lensar Inc (LNSR) had a debt-to-equity ratio of -3.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lensar Inc's return on assets (ROA)?

Lensar Inc (LNSR) had a return on assets of -48.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lensar Inc's cash runway?

Based on fiscal year 2025 data, Lensar Inc (LNSR) had $13.0M in cash against an annual operating cash burn of $14.8M. 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.

Why is Lensar Inc's debt-to-equity ratio negative or unusual?

Lensar Inc (LNSR) has negative shareholder equity of -$26.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Lensar Inc's Piotroski F-Score?

Lensar Inc (LNSR) 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 Lensar Inc's earnings high quality?

Lensar Inc (LNSR) has an earnings quality ratio of 0.43x, 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 Lensar Inc?

Lensar Inc (LNSR) scores 17 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.