Luda Technology Group Limited (LUD) 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 Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LUD SEC filings page.
Luda Technology Group Limited (LUD) reported $33.5M in revenue for fiscal year 2025, down 25.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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 contraction now coincides with margin compression, asset expansion, and financing-supported cash needs rather than self-funded growth.
Across FY2023 to FY2025, gross margin narrowed from21.2% to17.7% , while operating margin moved from7.5% to-3.2% ; the cost base therefore did not adjust quickly enough to the smaller revenue base. Meanwhile, assets increased to$49.1M as operating cash flow turned negative, indicating that recent balance-sheet expansion was not being funded by current operations.
FY2024 converted operations into
The current ratio improved from 1.2x to 1.6x while debt-to-equity stayed low at 0.1x, so near-term balance-sheet flexibility improved despite weaker operations. However, FY2025 investing outflow of
Financial Health Signals
Scored against operating 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 Luda Technology Group Limited'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.
Luda Technology Group Limited has an operating margin of -3.2%, meaning the company loses $3 on every $100 of revenue. This results in a profitability score of 31/100. This is down from 1.0% the prior year.
Luda Technology Group Limited's revenue declined 25.3% year-over-year, from $44.9M to $33.5M. This contraction results in a growth score of 4/100.
Luda Technology Group Limited carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 82/100, indicating a strong balance sheet with room for future borrowing.
Luda Technology Group Limited's current ratio of 1.63 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.
Luda Technology Group Limited's operations used $1.7M of cash, and capex of $458K added to the outflow, for a free cash flow shortfall of $2.2M. This results in a cash flow score of 26/100.
Luda Technology Group Limited's ROE of 2.5% shows moderate profitability relative to equity, earning a score of 36/100. This is up from -2.9% the prior year.
Luda Technology Group Limited scores 3.26, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($86.7M) relative to total liabilities ($26.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Luda Technology Group Limited passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Luda Technology Group Limited used $3.07 of operating cash (-$1.7M OCF vs $557K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Luda Technology Group Limited reported an operating loss of $1.1M against $475K 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
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Luda Technology Group Limited held $4.5M in cash against $1.8M in long-term debt as of Q4 2025, with $24.5M of liabilities due within a year.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
LUD 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
LUD 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 | Q4'2520-F | Q4'2420-F | Q4'2310-K |
|---|---|---|---|
| Total Assets | $49.1M+25.0% | $39.3M-15.8% | $46.7M |
| Current Assets | $40.0M+25.6% | $31.9M-19.4% | $39.5M |
| Cash & Equivalents | $4.5M-44.5% | $8.1M+0.6% | $8.1M |
| Short-Term Investments | $0 | $0 | $0 |
| Inventory | $4.7M-3.4% | $4.9M-12.7% | $5.6M |
| Accounts Receivable | $13.5M+2.4% | $13.2M-20.7% | $16.6M |
| Long-Term Investments | $326K-19.9% | $407K+38.8% | $293K |
| Total Liabilities | $26.9M+1.0% | $26.6M-11.0% | $30.0M |
| Current Liabilities | $24.5M-5.1% | $25.9M-10.1% | $28.7M |
| Non-Current Liabilities | $2.4M+201.0% | $791K-34.2% | $1.2M |
| Long-Term Debt | $1.8M+188.6% | $614K | N/A |
| Total Equity | $22.2M+75.4% | $12.7M-24.4% | $16.7M |
| Retained Earnings | $11.8M+3.9% | $11.4M-25.4% | $15.2M |
Not reported in any period shown, so not listed: Goodwill.
LUD 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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
LUD 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
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 |
|---|---|---|---|---|---|---|
| Luda Technology Group Limited LUD | FY2025 | $33.5M | $557K | 1.7% | $86.7M | 38/100 |
| Olympic Steel, Inc. ZEUS | FY2024 | $1.9B | $23.0M | 1.2% | $539.0M | 44/100 |
| NWPX Infrastructure, Inc. NWPX | FY2025 | $526.0M | $35.4M | 6.7% | $1.0B | 71/100 |
| Algoma Steel Group Inc. ASTL | FY2025 | N/A | -$984.9M | N/A | $434.3M | — |
| Mesabi Trust MSB | FY2025 | $98.6M | $93.3M | 94.6% | $250.6M | 20/100 |
| Metallus Inc. MTUS | FY2025 | $1.2B | -$1.2M | -0.1% | $804.9M | 20/100 |
Where Luda Technology Group Limited Ranks
Frequently Asked Questions
What is Luda Technology Group Limited's annual revenue?
Luda Technology Group Limited (LUD) reported $33.5M in total revenue for fiscal year 2025. This represents a -25.3% 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 Luda Technology Group Limited's revenue growing?
Luda Technology Group Limited (LUD) revenue declined by 25.3% year-over-year, from $44.9M to $33.5M in fiscal year 2025.
Is Luda Technology Group Limited profitable?
Yes, Luda Technology Group Limited (LUD) reported a net income of $557K in fiscal year 2025, with a net profit margin of 1.7%.
What is Luda Technology Group Limited's EBITDA?
Luda Technology Group Limited (LUD) had EBITDA of -$477K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Luda Technology Group Limited have?
As of fiscal year 2025, Luda Technology Group Limited (LUD) had $4.5M in cash and equivalents against $1.8M in long-term debt.
What is Luda Technology Group Limited's gross margin?
Luda Technology Group Limited (LUD) had a gross margin of 17.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Luda Technology Group Limited's operating margin?
Luda Technology Group Limited (LUD) had an operating margin of -3.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Luda Technology Group Limited's net profit margin?
Luda Technology Group Limited (LUD) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Luda Technology Group Limited's return on equity (ROE)?
Luda Technology Group Limited (LUD) has a return on equity of 2.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Luda Technology Group Limited's free cash flow?
Luda Technology Group Limited (LUD) recorded an outflow of $2.2M in free cash flow during fiscal year 2025. This represents a -149.5% 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 Luda Technology Group Limited's operating cash flow?
Luda Technology Group Limited (LUD) recorded an outflow of $1.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Luda Technology Group Limited's total assets?
Luda Technology Group Limited (LUD) had $49.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Luda Technology Group Limited's capital expenditures?
Luda Technology Group Limited (LUD) invested $458K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Luda Technology Group Limited spend on research and development?
Luda Technology Group Limited (LUD) invested $1.5M in research and development during fiscal year 2025.
What is Luda Technology Group Limited's current ratio?
Luda Technology Group Limited (LUD) had a current ratio of 1.63 as of fiscal year 2025, which is generally considered healthy.
What is Luda Technology Group Limited's debt-to-equity ratio?
Luda Technology Group Limited (LUD) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Luda Technology Group Limited's return on assets (ROA)?
Luda Technology Group Limited (LUD) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Luda Technology Group Limited's P/E ratio?
Luda Technology Group Limited (LUD) trades at 156x earnings, its market capitalization divided by net income of $557K net income, FY2025. The market capitalization is $86.7M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Luda Technology Group Limited's price-to-sales ratio?
Luda Technology Group Limited (LUD) trades at 2.6x sales, its market capitalization divided by revenue of $33.5M revenue, FY2025. The market capitalization is $86.7M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Luda Technology Group Limited's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Luda Technology Group Limited (LUD) held $4.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.7M over that year. Dividing the one by the other, the reported balance equals about 34 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Luda Technology Group Limited's Altman Z-Score?
Luda Technology Group Limited (LUD) has an Altman Z-Score of 3.26, placing it in the Safe Zone (low 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 Luda Technology Group Limited's Piotroski F-Score?
Luda Technology Group Limited (LUD) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Luda Technology Group Limited's earnings high quality?
For every $1 of reported earnings, Luda Technology Group Limited (LUD) used $3.07 of operating cash (-$1.7M OCF vs $557K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Luda Technology Group Limited cover its interest payments?
Luda Technology Group Limited (LUD) reported an operating loss of $1.1M against $475K 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 Luda Technology Group Limited?
Luda Technology Group Limited (LUD) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.