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Lucyd Inc Financials

LUCY
Source SEC Filings (10-K/10-Q) Updated Mar 25, 2026 Currency USD FYE March

This page shows Lucyd Inc (LUCY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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

Earnings Quality Low Quality
0.96x

For every $1 of reported earnings, Lucyd Inc generates $0.96 in operating cash flow (-$7.3M OCF vs -$7.6M 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
$2.7M
YoY+62.6%

Lucyd Inc generated $2.7M in revenue in fiscal year 2025. This represents an increase of 62.6% from the prior year.

EBITDA
N/A
Net Income
-$7.6M
YoY+2.3%

Lucyd Inc reported -$7.6M in net income in fiscal year 2025. This represents an increase of 2.3% from the prior year.

EPS (Diluted)
$-1.90
YoY+63.4%

Lucyd Inc earned $-1.90 per diluted share (EPS) in fiscal year 2025. This represents an increase of 63.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$7.3M
YoY-8.0%

Lucyd Inc generated -$7.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.0% from the prior year.

Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
6M
YoY+156.9%

Lucyd Inc had 6M shares outstanding in fiscal year 2025. This represents an increase of 156.9% from the prior year.

Margins & Returns

Gross Margin
21.3%
YoY+8.2pp

Lucyd Inc's gross margin was 21.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 8.2 percentage points from the prior year.

Operating Margin
N/A
Net Margin
-285.2%
YoY+189.4pp

Lucyd Inc's net profit margin was -285.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 189.4 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$725K
YoY-11.5%

Lucyd Inc invested $725K in research and development in fiscal year 2025. This represents a decrease of 11.5% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$73K
YoY+16.6%

Lucyd Inc invested $73K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 16.6% from the prior year.

LUCY Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $668K+15.3% $579K+27.4% $455K-34.2% $691K+172.4% $254K-17.8% $309K-19.5% $383K-37.7% $616K
Cost of Revenue $423K-28.5% $592K+153.0% $234K-60.8% $597K+207.3% $194K-23.4% $254K-32.7% $377K-52.7% $796K
Gross Profit $245K+2033.2% -$13K-105.7% $221K+135.3% $94K+57.9% $59K+7.6% $55K+693.8% $7K+103.9% -$180K
R&D Expenses $130K-51.5% $268K+27.4% $211K-2.0% $215K+63.6% $131K-48.8% $257K+18.7% $216K+79.0% $121K
SG&A Expenses $1.3M-2.6% $1.3M+20.1% $1.1M+15.2% $947K-15.6% $1.1M-13.4% $1.3M+16.8% $1.1M+9.9% $1.0M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
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 -$1.8M+12.8% -$2.1M-18.4% -$1.8M+16.3% -$2.1M-23.6% -$1.7M+11.7% -$1.9M+1.2% -$2.0M+17.6% -$2.4M
EPS (Diluted) $-0.38+42.4% $-0.66+8.3% $-0.72 N/A $-0.99+47.1% $-1.87 $-2.59 N/A

LUCY Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $11.2M-6.4% $11.9M+50.3% $7.9M-19.3% $9.8M-15.2% $11.6M+47.6% $7.9M+63.3% $4.8M-22.6% $6.2M
Current Assets $10.6M-6.5% $11.3M+54.6% $7.3M-20.7% $9.2M-16.0% $11.0M+50.9% $7.3M+77.3% $4.1M-26.8% $5.6M
Cash & Equivalents $6.7M-12.2% $7.6M+45.1% $5.3M+100.0% $2.6M-42.1% $4.5M-22.9% $5.9M+122.6% $2.6M-38.2% $4.3M
Inventory $1.6M-2.6% $1.7M+48.7% $1.1M+35.6% $832K-9.1% $915K-1.6% $930K+8.3% $859K+61.1% $533K
Accounts Receivable $83K+43.8% $58K-35.4% $90K-16.9% $108K+33.4% $81K+31.3% $62K+16.7% $53K-43.4% $93K
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $925K+40.5% $659K+47.2% $447K-39.8% $743K+11.6% $666K+29.3% $515K-43.5% $911K+38.1% $660K
Current Liabilities $885K+46.0% $606K+35.5% $447K-39.4% $738K+13.0% $653K+32.0% $495K-44.0% $883K+41.5% $624K
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $10.3M-9.1% $11.3M+50.5% $7.5M-17.6% $9.1M-16.8% $10.9M+48.8% $7.3M+88.2% $3.9M-29.8% $5.6M
Retained Earnings -$30.5M-6.4% -$28.6M-7.9% -$26.5M-7.2% -$24.7M-9.4% -$22.6M-8.2% -$20.9M-10.3% -$18.9M-11.6% -$17.0M

LUCY Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$1.5M+29.2% -$2.1M+8.4% -$2.3M-18.9% -$1.9M-38.8% -$1.4M+27.5% -$1.9M-31.5% -$1.5M-9.4% -$1.3M
Capital Expenditures $15K $0-100.0% $41K+53.6% $26K $0-100.0% $3K-89.3% $32K+223.0% -$26K
Free Cash Flow -$1.5M+28.5% -$2.1M+10.0% -$2.4M-19.4% -$2.0M-40.7% -$1.4M+27.6% -$1.9M-28.9% -$1.5M-9.7% -$1.4M
Investing Cash Flow -$15K+98.8% -$1.3M-125.8% $4.9M+8143.2% -$61K+98.8% -$5.0M-27191.2% -$18K+80.9% -$96K-104.8% $2.0M
Financing Cash Flow $584K N/A N/A $90K-98.2% $5.0M-3.1% $5.2M+6937.8% -$76K+73.4% -$285K
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

LUCY Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 36.6%+38.8pp -2.2%-50.7pp 48.5%+35.0pp 13.6%-9.8pp 23.4%+5.5pp 17.9%+16.1pp 1.8%+31.1pp -29.3%
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin -274.8%+88.8pp -363.6%+27.7pp -391.4%-83.5pp -307.8%+370.7pp -678.5%-47.3pp -631.2%-117.1pp -514.1%-125.3pp -388.7%
Return on Equity -17.9%+0.8pp -18.7%+5.1pp -23.7%-0.4pp -23.4%-7.6pp -15.7%+10.8pp -26.5%+24.0pp -50.5%-7.5pp -43.1%
Return on Assets -16.4%+1.2pp -17.6%+4.8pp -22.4%-0.8pp -21.6%-6.8pp -14.8%+10.0pp -24.8%+16.2pp -41.0%-2.5pp -38.5%
Current Ratio 11.98-6.7 18.70+2.3 16.39+3.9 12.52-4.3 16.83+2.1 14.73+10.1 4.65-4.3 8.99
Debt-to-Equity 0.09+0.0 0.060.0 0.06-0.0 0.08+0.0 0.060.0 0.07-0.2 0.23+0.1 0.12
FCF Margin -226.3%+139.1pp -365.4%+152.0pp -517.4%-232.2pp -285.2%+266.7pp -551.9%+74.2pp -626.1%-235.1pp -391.1%-169.0pp -222.0%

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Frequently Asked Questions

Lucyd Inc (LUCY) reported $2.7M in total revenue for fiscal year 2025. This represents a 62.6% 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.

Lucyd Inc (LUCY) revenue grew by 62.6% year-over-year, from $1.6M to $2.7M in fiscal year 2025.

No, Lucyd Inc (LUCY) reported a net income of -$7.6M in fiscal year 2025, with a net profit margin of -285.2%.

Lucyd Inc (LUCY) reported diluted earnings per share of $-1.90 for fiscal year 2025. This represents a 63.4% 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.

Lucyd Inc (LUCY) had a gross margin of 21.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Lucyd Inc (LUCY) had a net profit margin of -285.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Lucyd Inc (LUCY) generated -$7.3M in free cash flow during fiscal year 2025. This represents a -8.0% 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.

Lucyd Inc (LUCY) generated -$7.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lucyd Inc (LUCY) invested $73K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Lucyd Inc (LUCY) invested $725K in research and development during fiscal year 2025.

Lucyd Inc (LUCY) had 6M shares outstanding as of fiscal year 2025.

Lucyd Inc (LUCY) has an earnings quality ratio of 0.96x, 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.

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