Lucyd Inc Financials
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).
Revenue growth is being funded by new capital, while improving gross margin still sits below the operating cost base.
From FY2023 to FY2025, revenue rose from$1.2M to$2.7M and gross margin moved from-10.4% to21.3% , yet operating cash burn still worsened from-$5.8M to-$7.3M because SG&A scaled faster than gross profit. That combination suggests the main bottleneck is now overhead intensity, not just weak unit economics, so the business remains externally financed even after product-level profitability improved.
Inventory intensity increased sharply: inventory grew from
The balance sheet is still equity-funded rather than debt-driven, with FY2025 cash 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 Lucyd 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.
Lucyd Inc's revenue surged 62.6% year-over-year to $2.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Lucyd Inc carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.03, Lucyd Inc holds $9.03 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Lucyd Inc generated -$7.3M in operating cash flow, capex of $73K consumed most of it, leaving -$7.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Lucyd Inc generates a -83.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -85.4% the prior year.
Lucyd Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
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
Earnings & Revenue
Lucyd Inc generated $2.7M in revenue in fiscal year 2025. This represents an increase of 62.6% from the prior year.
Lucyd Inc reported -$7.6M in net income in fiscal year 2025. This represents an increase of 2.3% from the prior year.
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
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.
Lucyd Inc held $6.5M in cash against $0 in long-term debt as of fiscal year 2025.
Lucyd Inc had 5M shares outstanding in fiscal year 2025. This represents an increase of 123.4% from the prior year.
Margins & Returns
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.
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.
Lucyd Inc's ROE was -83.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Capital Allocation
Lucyd Inc invested $725K in research and development in fiscal year 2025. This represents a decrease of 11.5% from the prior year.
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $774K-19.4% | $960K+43.7% | $668K+15.3% | $579K+27.4% | $455K-34.2% | $691K+172.4% | $254K-17.8% | $309K |
| Cost of Revenue | $598K-29.2% | $845K+99.6% | $423K-28.5% | $592K+153.0% | $234K-60.8% | $597K+207.3% | $194K-23.4% | $254K |
| Gross Profit | $175K+52.9% | $115K-53.1% | $245K+2033.2% | -$13K-105.7% | $221K+135.3% | $94K+57.9% | $59K+7.6% | $55K |
| R&D Expenses | $138K+18.4% | $117K-10.3% | $130K-51.5% | $268K+27.4% | $211K-2.0% | $215K+63.6% | $131K-48.8% | $257K |
| SG&A Expenses | $1.6M+2.8% | $1.5M+21.1% | $1.3M-2.6% | $1.3M+20.1% | $1.1M+15.2% | $947K-15.6% | $1.1M-13.4% | $1.3M |
| 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 | N/A | $0 | $0 | $0 | N/A | $0 | $0 |
| Net Income | -$2.3M-23.5% | -$1.9M-1.8% | -$1.8M+12.8% | -$2.1M-18.4% | -$1.8M+16.3% | -$2.1M-23.6% | -$1.7M+11.7% | -$1.9M |
| EPS (Diluted) | $-0.37 | N/A | $-0.38+42.4% | $-0.66+8.3% | $-0.72 | N/A | $-0.99+47.1% | $-1.87 |
LUCY Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.5M-6.5% | $10.1M-9.3% | $11.2M-6.4% | $11.9M+50.3% | $7.9M-19.3% | $9.8M-15.2% | $11.6M+47.6% | $7.9M |
| Current Assets | $8.7M-7.3% | $9.4M-11.0% | $10.6M-6.5% | $11.3M+54.6% | $7.3M-20.7% | $9.2M-16.0% | $11.0M+50.9% | $7.3M |
| Cash & Equivalents | $4.4M-32.8% | $6.5M-2.8% | $6.7M-12.2% | $7.6M+45.1% | $5.3M+100.0% | $2.6M-42.1% | $4.5M-22.9% | $5.9M |
| Inventory | $1.4M-19.5% | $1.7M+6.9% | $1.6M-2.6% | $1.7M+48.7% | $1.1M+35.6% | $832K-9.1% | $915K-1.6% | $930K |
| Accounts Receivable | $72K-49.7% | $142K+70.5% | $83K+43.8% | $58K-35.4% | $90K-16.9% | $108K+33.4% | $81K+31.3% | $62K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.1M+3.5% | $1.1M+16.1% | $925K+40.5% | $659K+47.2% | $447K-39.8% | $743K+11.6% | $666K+29.3% | $515K |
| Current Liabilities | $1.1M+4.3% | $1.0M+18.2% | $885K+46.0% | $606K+35.5% | $447K-39.4% | $738K+13.0% | $653K+32.0% | $495K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.4M-7.7% | $9.1M-11.6% | $10.3M-9.1% | $11.3M+50.5% | $7.5M-17.6% | $9.1M-16.8% | $10.9M+48.8% | $7.3M |
| Retained Earnings | -$34.6M-7.1% | -$32.3M-6.1% | -$30.5M-6.4% | -$28.6M-7.9% | -$26.5M-7.2% | -$24.7M-9.4% | -$22.6M-8.2% | -$20.9M |
LUCY Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.5M-84.5% | -$1.4M+9.8% | -$1.5M+29.2% | -$2.1M+8.4% | -$2.3M-18.9% | -$1.9M-38.8% | -$1.4M+27.5% | -$1.9M |
| Capital Expenditures | $41K+138.7% | $17K+14.8% | $15K | $0-100.0% | $41K+53.6% | $26K | $0-100.0% | $3K |
| Free Cash Flow | -$2.5M-85.1% | -$1.4M+9.6% | -$1.5M+28.5% | -$2.1M+10.0% | -$2.4M-19.4% | -$2.0M-40.7% | -$1.4M+27.6% | -$1.9M |
| Investing Cash Flow | -$1.0M-226.8% | $825K+5660.3% | -$15K+98.8% | -$1.3M-125.8% | $4.9M+8143.2% | -$61K+98.8% | -$5.0M-27191.2% | -$18K |
| Financing Cash Flow | $1.4M+316.5% | $337K-42.3% | $584K | N/A | N/A | $90K-98.2% | $5.0M-3.1% | $5.2M |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.7%+10.7pp | 12.0%-24.7pp | 36.6%+38.8pp | -2.2%-50.7pp | 48.5%+35.0pp | 13.6%-9.8pp | 23.4%+5.5pp | 17.9% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -298.5%-103.7pp | -194.8%+80.0pp | -274.8%+88.8pp | -363.6%+27.7pp | -391.4%-83.5pp | -307.8%+370.7pp | -678.5%-47.3pp | -631.2% |
| Return on Equity | -27.6%-7.0pp | -20.6%-2.7pp | -17.9%+0.8pp | -18.7%+5.1pp | -23.7%-0.4pp | -23.4%-7.6pp | -15.7%+10.8pp | -26.5% |
| Return on Assets | -24.4%-5.9pp | -18.4%-2.0pp | -16.4%+1.2pp | -17.6%+4.8pp | -22.4%-0.8pp | -21.6%-6.8pp | -14.8%+10.0pp | -24.8% |
| Current Ratio | 8.02-1.0 | 9.03-3.0 | 11.98-6.7 | 18.70+2.3 | 16.39+3.9 | 12.52-4.3 | 16.83+2.1 | 14.73 |
| Debt-to-Equity | 0.13+0.0 | 0.12+0.0 | 0.09+0.0 | 0.060.0 | 0.06-0.0 | 0.08+0.0 | 0.060.0 | 0.07 |
| FCF Margin | -327.2%-184.8pp | -142.5%+83.9pp | -226.3%+139.1pp | -365.4%+152.0pp | -517.4%-232.2pp | -285.2%+266.7pp | -551.9%+74.2pp | -626.1% |
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Frequently Asked Questions
What is Lucyd Inc's annual revenue?
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.
How fast is Lucyd Inc's revenue growing?
Lucyd Inc (LUCY) revenue grew by 62.6% year-over-year, from $1.6M to $2.7M in fiscal year 2025.
Is Lucyd Inc profitable?
No, Lucyd Inc (LUCY) reported a net income of -$7.6M in fiscal year 2025, with a net profit margin of -285.2%.
What is Lucyd Inc's gross margin?
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.
What is Lucyd Inc's net profit margin?
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.
What is Lucyd Inc's return on equity (ROE)?
Lucyd Inc (LUCY) has a return on equity of -83.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lucyd Inc's free cash flow?
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.
What is Lucyd Inc's operating cash flow?
Lucyd Inc (LUCY) generated -$7.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lucyd Inc's total assets?
Lucyd Inc (LUCY) had $10.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lucyd Inc's capital expenditures?
Lucyd Inc (LUCY) invested $73K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lucyd Inc spend on research and development?
Lucyd Inc (LUCY) invested $725K in research and development during fiscal year 2025.
What is Lucyd Inc's current ratio?
Lucyd Inc (LUCY) had a current ratio of 9.03 as of fiscal year 2025, which is generally considered healthy.
What is Lucyd Inc's debt-to-equity ratio?
Lucyd Inc (LUCY) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lucyd Inc's return on assets (ROA)?
Lucyd Inc (LUCY) had a return on assets of -74.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lucyd Inc's cash runway?
Based on fiscal year 2025 data, Lucyd Inc (LUCY) had $6.5M in cash against an annual operating cash burn of $7.3M. This gives an estimated cash runway of approximately 11 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 Lucyd Inc's Piotroski F-Score?
Lucyd Inc (LUCY) 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 Lucyd Inc's earnings high quality?
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.
How financially healthy is Lucyd Inc?
Lucyd Inc (LUCY) scores 50 out of 100 on our Financial Profile, indicating moderate 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.