Lightstone Value Financials
This page shows Lightstone Value (LTSV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Debt-heavy assets keep reported earnings negative, but cash burn compressed sharply as financing pressure eased in FY2025.
The FY2025 improvement was not mainly a sales story: revenue moved only to$30.5M from$29.7M , so the better result did not come from a step-change in scale. Yet net loss nearly halved as interest expense fell to$10.3M and operating cash outflow shrank to-$850K , showing a much less cash-hungry year despite a still levered capital structure.
The company looks asset-heavy rather than lightly scalable, with FY2025 assets of
The income statement is being dragged by financing costs and depreciation more than by a growing cash operating deficit. In FY2025, interest expense of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Lightstone Value'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.
Lightstone Value's revenue grew a modest 2.8% year-over-year to $30.5M. This slow but positive growth earns a score of 57/100.
Lightstone Value has elevated debt relative to equity (D/E of 6.65), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Lightstone Value generates a -21.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -36.6% the prior year.
Lightstone Value passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Lightstone Value generates $0.23 in operating cash flow (-$850K OCF vs -$3.7M 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
Earnings & Revenue
Lightstone Value generated $30.5M in revenue in fiscal year 2025. This represents an increase of 2.8% from the prior year.
Lightstone Value reported -$3.7M in net income in fiscal year 2025. This represents an increase of 53.6% from the prior year.
Lightstone Value earned $-0.46 per diluted share (EPS) in fiscal year 2025. This represents an increase of 52.6% from the prior year.
Cash & Balance Sheet
Lightstone Value held $9.0M in cash against $0 in long-term debt as of fiscal year 2025.
Lightstone Value had 8M shares outstanding in fiscal year 2025. This represents a decrease of 1.2% from the prior year.
Margins & Returns
Lightstone Value's net profit margin was -12.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 14.8 percentage points from the prior year.
Lightstone Value's ROE was -21.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 15.2 percentage points from the prior year.
Capital Allocation
Lightstone Value spent $781K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 3.9% from the prior year.
LTSV Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M-41.9% | $8.6M+4.1% | $8.2M-4.3% | $8.6M+69.4% | $5.1M-39.3% | $8.4M-1.1% | $8.5M+1.9% | $8.3M |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $512K-4.1% | $534K+15.1% | $464K-6.8% | $498K-1.8% | $507K-3.2% | $524K+19.1% | $440K-11.6% | $498K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $2.4M-4.9% | $2.5M-3.0% | $2.6M+0.9% | $2.6M+1.0% | $2.6M-5.2% | $2.7M-5.2% | $2.8M-3.2% | $2.9M |
| Income Tax | N/A | N/A | N/A | N/A | $35K | N/A | $303-96.2% | $8K |
| Net Income | -$2.8M-453.0% | -$504K-27.9% | -$394K-436.8% | $117K+104.0% | -$2.9M-98.0% | -$1.5M-28.3% | -$1.2M+25.5% | -$1.6M |
| EPS (Diluted) | $-0.34 | N/A | $-0.05 | $0.00+100.0% | $-0.36 | N/A | $-0.14+26.3% | $-0.19 |
LTSV Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $138.1M-2.4% | $141.6M-0.5% | $142.2M+0.4% | $141.7M+0.2% | $141.4M-2.5% | $145.0M-1.2% | $146.8M+0.2% | $146.5M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $9.6M+6.0% | $9.0M+12.3% | $8.0M-1.0% | $8.1M+56.9% | $5.2M-36.3% | $8.1M+0.5% | $8.1M+10.4% | $7.3M |
| 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 | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $116.3M+0.3% | $116.0M0.0% | $116.0M+1.0% | $114.9M+0.4% | $114.5M+0.2% | $114.2M+0.2% | $114.0M+1.7% | $112.1M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $14.5M-17.1% | $17.4M-3.9% | $18.1M-3.1% | $18.7M-0.4% | $18.8M-14.3% | $21.9M-7.1% | $23.6M-5.4% | $25.0M |
| Retained Earnings | -$53.5M-5.5% | -$50.7M-1.0% | -$50.2M-0.8% | -$49.8M+0.2% | -$49.9M-6.3% | -$46.9M-3.3% | -$45.5M-2.6% | -$44.3M |
LTSV Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.3M-328.8% | $570K-26.5% | $776K+230.2% | $235K+109.7% | -$2.4M-13405.6% | -$18K-101.1% | $1.6M+122.2% | -$7.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $2.4M+203.6% | $774K+256.7% | -$494K-117.1% | $2.9M+7487.2% | -$39K-103.4% | $1.1M+998.4% | -$128K+95.2% | -$2.7M |
| Financing Cash Flow | -$195K+0.5% | -$196K-1.0% | -$194K+0.5% | -$195K+0.5% | -$196K-0.5% | -$195K0.0% | -$195K-101.3% | $14.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $195K-0.5% | $196K+1.0% | $194K-0.5% | $195K-0.5% | $196K0.0% | $196K0.0% | $196K0.0% | $196K |
LTSV Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -55.9%-50.0pp | -5.9%-1.1pp | -4.8%-6.1pp | 1.4%+59.2pp | -57.8%-40.1pp | -17.7%-4.1pp | -13.7%+5.0pp | -18.7% |
| Return on Equity | -19.3%-16.4pp | -2.9%-0.7pp | -2.2%-2.8pp | 0.6%+16.3pp | -15.6%-8.9pp | -6.8%-1.9pp | -4.9%+1.3pp | -6.2% |
| Return on Assets | -2.0%-1.7pp | -0.4%-0.1pp | -0.3%-0.4pp | 0.1%+2.2pp | -2.1%-1.1pp | -1.0%-0.2pp | -0.8%+0.3pp | -1.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 8.05+1.4 | 6.65+0.3 | 6.40+0.3 | 6.14+0.0 | 6.09+0.9 | 5.21+0.4 | 4.83+0.3 | 4.49 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Lightstone Value's annual revenue?
Lightstone Value (LTSV) reported $30.5M in total revenue for fiscal year 2025. This represents a 2.8% 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 Lightstone Value's revenue growing?
Lightstone Value (LTSV) revenue grew by 2.8% year-over-year, from $29.7M to $30.5M in fiscal year 2025.
Is Lightstone Value profitable?
No, Lightstone Value (LTSV) reported a net income of -$3.7M in fiscal year 2025, with a net profit margin of -12.2%.
What is Lightstone Value's net profit margin?
Lightstone Value (LTSV) had a net profit margin of -12.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Lightstone Value's return on equity (ROE)?
Lightstone Value (LTSV) has a return on equity of -21.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lightstone Value's operating cash flow?
Lightstone Value (LTSV) generated -$850K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lightstone Value's total assets?
Lightstone Value (LTSV) had $141.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Lightstone Value's debt-to-equity ratio?
Lightstone Value (LTSV) had a debt-to-equity ratio of 6.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lightstone Value's return on assets (ROA)?
Lightstone Value (LTSV) had a return on assets of -2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lightstone Value's cash runway?
Based on fiscal year 2025 data, Lightstone Value (LTSV) had $9.0M in cash against an annual operating cash burn of $850K. This gives an estimated cash runway of approximately 127 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 Lightstone Value's Piotroski F-Score?
Lightstone Value (LTSV) has a Piotroski F-Score of 4 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 Lightstone Value's earnings high quality?
Lightstone Value (LTSV) has an earnings quality ratio of 0.23x, 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 Lightstone Value?
Lightstone Value (LTSV) scores 10 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.