Lantronix (LTRX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Aug 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LTRX SEC filings page.
Lantronix (LTRX) reported $120.9M in revenue for fiscal year 2026, down 1.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Cash generation improved despite recurring losses, while equity financing—not debt—reshaped Lantronix’s balance sheet in FY2026.
Lantronix still posted a net loss of-$4.2M in FY2026, but operating cash flow reached$9.9M , showing that cash generation came from non-cash and working-capital effects rather than reported profit. Free cash flow of$9.3M against only$612K of capital expenditure further indicates that the cash result benefited from a low-reinvestment year.
Revenue fell
Total liabilities fell to
Financial Health Signals
Scored against emerging companies for FY2026. 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 Lantronix'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.
Lantronix held $60.5M in cash, cash equivalents and investments at the end of fiscal year 2026, and its operations generated $9.9M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Lantronix scores 85/100 among other emerging companies.
Lantronix had 47M shares outstanding at the end of fiscal year 2026, against 39M in fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Lantronix scores 46/100 among other emerging companies.
Lantronix spent $17.6M on research and development in fiscal year 2026, which was 14.0% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Lantronix scores 43/100 among other emerging companies.
Lantronix reported revenue of $120.9M in fiscal year 2026, against $122.9M in fiscal year 2025. Revenue Progress ranks emerging companies on the three-year path of that line, and Lantronix scores 26/100 among other emerging companies.
Not available for Lantronix, and counted as zero in the overall score.
Lantronix's cash, cash equivalents and investments came to $60.5M at the end of fiscal year 2026, against $41.1M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Lantronix scores 68/100 among other emerging companies.
Lantronix scores 2.68, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($236.3M) relative to total liabilities ($41.1M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Lantronix passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Lantronix reported a net loss of $4.2M while generating $9.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Lantronix reported an operating loss of $4.1M against $133K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Lantronix generated $31.2M in revenue in Q4 2026. This represents an increase of 8.0% from the same quarter a year earlier. Against the prior quarter it is up 3.2%.
Lantronix's EBITDA was -$38K in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 98.6% from the same quarter a year earlier. Against the prior quarter it is up 94.8%.
Lantronix reported -$269K in net income in Q4 2026. This represents an increase of 89.8% from the same quarter a year earlier. Against the prior quarter it is up 77.2%.
Lantronix earned $0.00 per diluted share (EPS) in Q4 2026. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.
Cash & Balance Sheet
Lantronix generated $1.7M in free cash flow in Q4 2026, representing cash available after capex. This represents an increase of 89.0% from the same quarter a year earlier. Against the prior quarter it is down 11.0%.
Lantronix held $60.5M in cash against $0 in long-term debt as of Q4 2026.
Not reported for Q4 2026.
Margins & Returns
Lantronix's gross margin was 43.7% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Lantronix's operating margin was -1.3% in Q4 2026, reflecting core business profitability. This is up 9.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.5 percentage points.
Lantronix's net profit margin was -0.9% in Q4 2026, showing the share of revenue converted to profit. This is up 8.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.1 percentage points.
Lantronix's ROE was -0.2% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is up 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.
Capital Allocation
Lantronix invested $4.2M in research and development in Q4 2026. This represents a decrease of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 0.9%.
Lantronix invested $209K in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 46.2% from the same quarter a year earlier. Against the prior quarter it is down 11.8%.
Not reported for Q4 2026.
LTRX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.2M+8.0% | $30.2M+5.9% | $29.8M-4.5% | $29.8M-13.4% | $28.8M-41.2% | $28.5M-30.8% | $31.2M-15.9% | $34.4M+4.2% |
| Cost of Revenue | $17.5M+1.4% | $17.2M+6.7% | $16.8M-6.0% | $16.4M-17.5% | $17.3M-43.0% | $16.1M-34.8% | $17.9M-18.8% | $19.9M+5.4% |
| Gross Profit | $13.6M+17.9% | $13.0M+4.9% | $13.0M-2.4% | $13.3M-7.8% | $11.5M-38.4% | $12.4M-24.8% | $13.3M-11.6% | $14.5M+2.7% |
| R&D Expenses | $4.2M-0.2% | $4.1M-7.0% | $4.6M-7.3% | $4.6M-7.2% | $4.2M-20.3% | $4.5M-13.9% | $5.0M+5.5% | $5.0M-2.9% |
| SG&A Expenses | $9.3M+3.9% | $9.4M+5.3% | $8.7M-0.8% | $9.5M+0.5% | $9.0M-18.8% | $9.0M-8.1% | $8.8M-13.8% | $9.5M+3.6% |
| Operating Income | -$392K+87.5% | -$1.1M+68.5% | -$1.1M+50.3% | -$1.5M+28.2% | -$3.1M-654.7% | -$3.6M-3667.4% | -$2.2M-22.9% | -$2.1M-35.2% |
| EBITDA | -$38K+98.6% | -$733K+76.2% | -$667K+58.0% | -$1.1M+31.8% | -$2.7M | -$3.1M-745.1% | -$1.6M | -$1.6M-51.5% |
| Interest Expense | $159K+248.6% | -$2K+98.7% | -$9K+92.9% | -$15K+87.4% | -$107K+38.9% | -$159K+7.0% | -$126K+45.7% | -$119K+64.8% |
| Income Tax | -$40K+94.0% | $34K-69.4% | $243K+158.5% | $42K-80.7% | -$662K-5192.3% | $111K-30.2% | $94K-83.8% | $218K+3214.3% |
| Net Income | -$269K+89.8% | -$1.2M+69.5% | -$1.3M+43.9% | -$1.4M+44.0% | -$2.6M-781.6% | -$3.9M-814.4% | -$2.4M+8.5% | -$2.5M-32.7% |
| EPS (Basic) | $0.00+100.0% | -$0.03+70.0% | -$0.03+50.0% | -$0.04+42.9% | -$0.06-700.0% | -$0.10-900.0% | -$0.06+14.3% | -$0.07-40.0% |
| EPS (Diluted) | $0.00+100.0% | -$0.03+70.0% | -$0.03+50.0% | -$0.04+42.9% | -$0.06-700.0% | -$0.10-900.0% | -$0.06+14.3% | -$0.07-40.0% |
| Diluted Shares (Avg) | N/A | 40M+2.3% | 39M+2.2% | 39M+3.1% | N/A | 39M+3.5% | 39M+3.4% | 38M+2.8% |
LTRX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $160.3M+29.6% | $120.0M-3.4% | $121.7M-9.3% | $119.6M-13.3% | $123.7M-9.2% | $124.2M-15.7% | $134.2M-11.5% | $137.9M-9.5% |
| Current Assets | $117.4M+51.7% | $77.0M+0.7% | $77.9M-8.9% | $74.4M-19.6% | $77.4M-13.0% | $76.5M-21.9% | $85.6M-14.4% | $92.6M-6.4% |
| Cash & Equivalents | $60.5M+200.9% | $23.5M+17.6% | $23.0M+19.5% | $22.2M-15.9% | $20.1M-23.4% | $20.0M-18.8% | $19.2M-13.3% | $26.4M+35.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $25.8M-2.2% | $26.4M-6.1% | $27.1M-6.9% | $26.8M-9.4% | $26.4M-4.8% | $28.2M-30.6% | $29.1M-32.0% | $29.5M-35.5% |
| Accounts Receivable | $25.3M+0.9% | $23.5M-0.6% | $23.3M-23.7% | $21.9M-28.8% | $25.1M-19.8% | $23.6M-17.1% | $30.5M+0.3% | $30.8M+2.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $31.1M0.0% | $31.1M0.0% | $31.1M+2.0% | $31.1M+11.7% | $31.1M+11.7% | $31.1M+11.7% | $30.5M+9.6% | $27.8M0.0% |
| Total Liabilities | $41.1M-16.8% | $45.5M-6.5% | $47.3M-16.0% | $45.1M-23.4% | $49.3M-10.0% | $48.7M-29.7% | $56.3M-24.8% | $58.9M-21.9% |
| Current Liabilities | $32.1M+5.4% | $28.1M-1.7% | $28.4M-15.2% | $24.7M-30.4% | $30.4M+0.9% | $28.6M-34.4% | $33.4M-30.3% | $35.5M-27.2% |
| Non-Current Liabilities | $9.0M-52.5% | $17.5M-13.4% | $18.9M-17.2% | $20.4M-12.9% | $18.9M-23.4% | $20.2M-21.7% | $22.9M-14.8% | $23.4M-12.1% |
| Long-Term Debt | $0-100.0% | $8.7M-8.1% | $9.7M-16.8% | $10.7M-14.1% | $8.7M-34.3% | $9.5M-32.3% | $11.6M-21.0% | $12.4M-19.8% |
| Total Equity | $119.3M+60.4% | $74.5M-1.3% | $74.4M-4.5% | $74.5M-5.7% | $74.4M-8.6% | $75.5M-3.3% | $77.9M+1.5% | $78.9M+2.5% |
| Retained Earnings | -$238.6M-1.8% | -$238.3M-2.8% | -$237.1M-4.1% | -$235.8M-4.6% | -$234.4M-5.1% | -$231.8M-3.7% | -$227.9M-2.2% | -$225.5M-2.3% |
LTRX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.9M+83.2% | $2.2M-32.9% | $2.2M+540.6% | $3.6M+35.4% | $1.1M-53.8% | $3.2M-10.2% | $340K-93.5% | $2.7M-64.5% |
| Depreciation & Amortization | $354K-24.0% | $395K-21.3% | $407K-29.0% | $446K-17.9% | $466K-17.4% | $502K-12.2% | $573K | $543K+2.8% |
| Stock-Based Compensation | N/A | $1.6M+5.5% | $1.6M+4.4% | $1.8M+10.8% | N/A | $1.5M-19.0% | $1.5M-30.5% | $1.6M-8.2% |
| Capital Expenditures | $209K+46.2% | $237K+95.9% | $92K+9.5% | $74K-52.9% | $143K-7.1% | $121K-11.0% | $84K-88.1% | $157K-67.7% |
| Free Cash Flow | $1.7M+89.0% | $1.9M-37.9% | $2.1M+714.8% | $3.5M+40.9% | $909K-57.1% | $3.1M-10.1% | $256K-94.4% | $2.5M-64.3% |
| Investing Cash Flow | -$209K-46.2% | -$237K-95.9% | -$92K+98.6% | -$74K+52.9% | -$143K+7.1% | -$121K+11.0% | -$6.5M-830.6% | -$157K+67.7% |
| Financing Cash Flow | $35.2M+4449.8% | -$1.4M+40.6% | -$1.3M-33.6% | -$1.4M+38.8% | -$810K-54.0% | -$2.3M-140.7% | -$983K+47.8% | -$2.3M-138.4% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
LTRX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.7%+3.7pp | 43.1%-0.4pp | 43.5%+0.9pp | 44.8%+2.7pp | 40.0%+1.9pp | 43.5%+3.4pp | 42.6%+2.1pp | 42.0%-0.6pp |
| Operating Margin | -1.3%+9.6pp | -3.7%+8.8pp | -3.6%+3.3pp | -5.1%+1.1pp | -10.9%-12.0pp | -12.6%-12.3pp | -6.9%-2.2pp | -6.2%-1.4pp |
| Net Margin | -0.9%+8.3pp | -3.9%+9.7pp | -4.5%+3.1pp | -4.7%+2.6pp | -9.1%-9.9pp | -13.6%-12.5pp | -7.6%-0.6pp | -7.3%-1.6pp |
| Return on Equity | -0.2%+3.3pp | -1.6%+3.5pp | -1.8%+1.3pp | -1.9%+1.3pp | -3.5%-4.0pp | -5.1%-4.6pp | -3.0%+0.3pp | -3.2%-0.7pp |
| Return on Assets | -0.2%+2.0pp | -1.0%+2.1pp | -1.1%+0.7pp | -1.2%+0.6pp | -2.1%-2.4pp | -3.1%-2.8pp | -1.8%-0.1pp | -1.8%-0.6pp |
| Current Ratio | 3.66+1.1x | 2.74+0.1x | 2.75+0.2x | 3.01+0.4x | 2.54-0.4x | 2.68+0.4x | 2.56+0.5x | 2.61+0.6x |
| Debt-to-Equity | 0.00-0.1x | 0.120.0x | 0.130.0x | 0.140.0x | 0.120.0x | 0.13-0.1x | 0.150.0x | 0.160.0x |
| Asset Turnover | 0.190.0x | 0.250.0x | 0.240.0x | 0.250.0x | 0.23-0.1x | 0.230.0x | 0.230.0x | 0.250.0x |
| FCF Margin | 5.5%+2.4pp | 6.4%-4.5pp | 7.0%+6.2pp | 11.8%+4.6pp | 3.1%-1.2pp | 10.9%+2.5pp | 0.8%-11.5pp | 7.3%-13.9pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Lantronix LTRX | FY2026 | $120.9M | -$4.2M | -3.5% | $236.3M | 45/100 |
| Ceragon Networks Ltd CRNT | FY2025 | $338.7M | -$2.1M | -0.6% | $187.1M | 46/100 |
| Inseego Corp INSG | FY2025 | $166.2M | $838K | 0.5% | $70.6M | 39/100 |
| Audiocodes AUDC | FY2025 | $245.6M | $9.0M | 3.6% | $235.0M | 52/100 |
| Bk Technologies, Inc. BKTI | FY2025 | $86.1M | $13.5M | 15.7% | $274.7M | 51/100 |
| Silicom Ltd SILC | FY2025 | $61.9M | -$11.5M | -18.5% | $247.1M | 54/100 |
Where Lantronix Ranks
Frequently Asked Questions
What is Lantronix's annual revenue?
Lantronix (LTRX) reported $120.9M in total revenue for fiscal year 2026. This represents a -1.6% 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 Lantronix's revenue growing?
Lantronix (LTRX) revenue declined by 1.6% year-over-year, from $122.9M to $120.9M in fiscal year 2026.
Is Lantronix profitable?
No, Lantronix (LTRX) reported a net income of -$4.2M in fiscal year 2026, with a net profit margin of -3.5%.
What is Lantronix's EBITDA?
Lantronix (LTRX) had EBITDA of -$2.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lantronix have?
As of fiscal year 2026, Lantronix (LTRX) had $60.5M in cash and equivalents against $0 in long-term debt.
What is Lantronix's gross margin?
Lantronix (LTRX) had a gross margin of 43.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lantronix's operating margin?
Lantronix (LTRX) had an operating margin of -3.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Lantronix's net profit margin?
Lantronix (LTRX) had a net profit margin of -3.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Lantronix's return on equity (ROE)?
Lantronix (LTRX) has a return on equity of -3.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Lantronix's free cash flow?
Lantronix (LTRX) generated $9.3M in free cash flow during fiscal year 2026. This represents a 36.7% 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 Lantronix's operating cash flow?
Lantronix (LTRX) generated $9.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Lantronix's total assets?
Lantronix (LTRX) had $160.3M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Lantronix's capital expenditures?
Lantronix (LTRX) invested $612K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Lantronix spend on research and development?
Lantronix (LTRX) invested $17.6M in research and development during fiscal year 2026.
What is Lantronix's current ratio?
Lantronix (LTRX) had a current ratio of 3.66 as of fiscal year 2026, which is generally considered healthy.
What is Lantronix's debt-to-equity ratio?
Lantronix (LTRX) had a debt-to-equity ratio of 0.00 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lantronix's return on assets (ROA)?
Lantronix (LTRX) had a return on assets of -2.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Lantronix's P/E ratio?
Lantronix (LTRX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $236.3M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Lantronix's price-to-sales ratio?
Lantronix (LTRX) trades at 2.0x sales, its market capitalization divided by revenue of $120.9M revenue, FY2026. The market capitalization is $236.3M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Lantronix's Altman Z-Score?
Lantronix (LTRX) has an Altman Z-Score of 2.68, placing it in the Grey Zone (moderate 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 Lantronix's Piotroski F-Score?
Lantronix (LTRX) has a Piotroski F-Score of 6 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lantronix's earnings high quality?
Lantronix (LTRX) reported a net loss of $4.2M while generating $9.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.
Can Lantronix cover its interest payments?
Lantronix (LTRX) reported an operating loss of $4.1M against $133K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Lantronix?
Lantronix (LTRX) scores 45 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.