Lensar Inc Financials
Lensar Inc (LNSR) reported $58.4M in revenue for fiscal year 2025, up 9.2% from the prior fiscal year. This page shows its 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).
Revenue growth is being outrun by selling-cost expansion, pushing LENSAR from a near-cash-breakeven year back into liability-funded losses.
FY2024 hinted that added scale might cover fixed costs, with operating cash burn narrowing to-$2.3M on$53.5M of revenue. FY2025 reversed that operating leverage: revenue grew only9.2% but SG&A jumped70.5% , so the renewed cash burn came from selling costs and working capital rather than capex.
The balance-sheet cushion has thinned fast, not gradually: the current ratio fell from 2.8x to 1.2x between FY2024 and FY2025. By year-end, liabilities exceeded assets by
Margin slippage was real, but it was not the main driver of the much weaker FY2025 setback: gross margin moved from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Lensar Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lensar Inc scores -2.93, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($106.6M) relative to total liabilities ($83.7M). 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.
Lensar Inc passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Lensar Inc reported a net loss of $34.3M while operations used $14.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Lensar Inc generated $58.4M in revenue in fiscal year 2025. This represents an increase of 9.2% from the prior year.
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.
Lensar Inc reported -$34.3M in net income in fiscal year 2025. This represents a decrease of 9.2% from the prior year.
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
Lensar Inc recorded an outflow of $14.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 513.5% from the prior year.
Lensar Inc held $13.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Lensar Inc's gross margin was 46.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.
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.
Lensar Inc's net profit margin was -58.7% in fiscal year 2025, showing the share of revenue converted to profit. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Lensar Inc invested $5.6M in research and development in fiscal year 2025. This represents an increase of 5.5% from the prior year.
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.
Not reported for fiscal year 2025.
LNSR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $60.3M | $58.4M+9.2% | $53.5M+26.9% | $42.2M+19.2% | $35.4M+2.6% | $34.5M+30.6% | $26.4M-13.6% | $30.5M |
| Cost of Revenue | $31.1M | $31.3M+13.3% | $27.6M+31.3% | $21.1M+36.7% | $15.4M-7.4% | $16.6M+35.1% | $12.3M-28.9% | $17.3M |
| Gross Profit | $29.1M | $27.1M+4.9% | $25.9M+22.5% | $21.1M+5.8% | $20.0M+11.9% | $17.8M+26.7% | $14.1M+6.4% | $13.2M |
| R&D Expenses | $5.3M | $5.6M+5.5% | $5.3M-13.2% | $6.1M-48.0% | $11.8M-4.4% | $12.4M+63.6% | $7.6M-0.2% | $7.6M |
| SG&A Expenses | $31.0M | $45.2M+70.5% | $26.5M+1.5% | $26.1M-3.9% | $27.2M+13.7% | $23.9M+0.5% | $23.8M+38.6% | $17.1M |
| Operating Income | -$8.1M | -$24.6M-130.5% | -$10.7M+12.8% | -$12.2M+39.4% | -$20.2M-2.7% | -$19.7M-6.2% | -$18.5M-45.5% | -$12.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $1.3M-33.0% | $2.0M |
| Net Income | $34.7M | -$34.3M-9.2% | -$31.4M-118.3% | -$14.4M+27.8% | -$19.9M-1.6% | -$19.6M+0.9% | -$19.8M-34.9% | -$14.7M |
| EPS (Diluted) | — | -$2.87-5.1% | -$2.73-108.4% | -$1.31+33.2% | -$1.96+6.2% | -$2.09 | N/A | N/A |
Not reported in any period shown, so not listed: Income Tax.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LNSR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $71.4M+7.7% | $66.3M-4.7% | $69.6M+24.6% | $55.8M-16.0% | $66.5M-16.0% | $79.1M+129.1% | $34.5M |
| Current Assets | $46.8M+11.4% | $42.0M-9.6% | $46.4M+37.8% | $33.7M-24.8% | $44.8M-23.2% | $58.4M+239.8% | $17.2M |
| Cash & Equivalents | $13.0M-20.2% | $16.3M-21.1% | $20.6M+40.5% | $14.7M-53.6% | $31.6M-22.1% | $40.6M+779.7% | $4.6M |
| Inventory | $21.5M+88.3% | $11.4M-27.2% | $15.7M+33.6% | $11.7M+80.9% | $6.5M-51.8% | $13.5M+67.1% | $8.1M |
| Accounts Receivable | $6.4M+4.8% | $6.1M+52.1% | $4.0M-33.8% | $6.0M+30.2% | $4.6M+130.5% | $2.0M-40.5% | $3.4M |
| Total Liabilities | $83.7M+36.2% | $61.4M+174.2% | $22.4M+61.7% | $13.9M+19.6% | $11.6M-2.7% | $11.9M-81.7% | $65.1M |
| Current Liabilities | $40.6M+170.4% | $15.0M+29.0% | $11.6M+1.8% | $11.4M+31.1% | $8.7M+2.9% | $8.5M+8.1% | $7.8M |
| Total Equity | -$26.0M-635.2% | $4.9M-85.5% | $33.4M-20.4% | $42.0M-23.5% | $54.9M-18.3% | $67.2M+320.0% | -$30.6M |
| Retained Earnings | -$177.6M-23.9% | -$143.3M-28.1% | -$111.9M-14.8% | -$97.5M-25.7% | -$77.6M-33.8% | -$58.0M-51.9% | -$38.2M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
LNSR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.3M | -$14.8M-551.9% | -$2.3M+76.4% | -$9.7M+35.0% | -$14.9M-65.6% | -$9.0M+35.0% | -$13.8M-9.5% | -$12.6M |
| Capital Expenditures | N/A | $83K-46.8% | $156K-33.9% | $236K+105.2% | $115K-67.5% | $354K-3.3% | $366K-5.9% | $389K |
| Free Cash Flow | N/A | -$14.9M-513.5% | -$2.4M+75.4% | -$9.9M+33.9% | -$15.0M-60.6% | -$9.3M+34.1% | -$14.2M-9.1% | -$13.0M |
| Investing Cash Flow | $13.2M | $1.3M+159.4% | -$2.2M+48.0% | -$4.2M-3513.9% | -$115K+67.5% | -$354K-8.6% | -$326K+84.4% | -$2.1M |
| Financing Cash Flow | $498K | $10.3M+13051.3% | $78K-99.6% | $19.8M+1092.1% | -$2.0M-651.8% | $361K-99.3% | $50.0M+213.5% | $15.9M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LNSR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 46.4%-1.9pp | 48.3%-1.7pp | 50.1%-6.4pp | 56.4%+4.7pp | 51.7%-1.6pp | 53.3%+10.0pp | 43.3% |
| Operating Margin | -42.1%-22.1pp | -19.9%+9.1pp | -29.0%+28.1pp | -57.1%0.0pp | -57.0%+13.1pp | -70.1%-28.5pp | -41.6% |
| Net Margin | -58.7%0.0pp | -58.7%-24.6pp | -34.1%+22.2pp | -56.3%+0.6pp | -56.9%+18.1pp | -75.0%-26.9pp | -48.0% |
| Return on Equity | N/A | -645.9%-602.9pp | -43.0%+4.4pp | -47.4%-11.7pp | -35.7%-6.3pp | -29.4% | N/A |
| 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%+17.4pp | -42.4% |
| Current Ratio | 1.15-1.6x | 2.80-1.2x | 3.99+1.0x | 2.95-2.2x | 5.14-1.8x | 6.90+4.7x | 2.19 |
| Debt-to-Equity | N/A | 12.64+12.0x | 0.67+0.3x | 0.33+0.1x | 0.210.0x | 0.18 | N/A |
| FCF Margin | -25.5%-21.0pp | -4.5%+18.9pp | -23.5%+18.9pp | -42.3%-15.3pp | -27.1%+26.6pp | -53.7%-11.1pp | -42.5% |
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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Where Lensar Inc Ranks
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 46.4% 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) recorded an outflow of $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) recorded an outflow of $14.8M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 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 not reported?
Lensar Inc (LNSR) has negative shareholder equity of -$26.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
Lensar Inc (LNSR) has an Altman Z-Score of -2.93, 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 Lensar Inc's Piotroski F-Score?
Lensar Inc (LNSR) has a Piotroski F-Score of 2 out of 8 computable signals; 1 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 Lensar Inc's earnings high quality?
Lensar Inc (LNSR) reported a net loss of $34.3M while operations used $14.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 42 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.