Luda Technology Group Financials
Luda Technology Group (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).
Fixed operating costs and volatile cash conversion now matter more than sales volume in this lower-margin business.
FY2024's cash surge to$5.5M of operating cash flow despite a-$361K net loss suggests the business was harvesting receivables and inventory as sales shrank, which can temporarily flatter cash generation. FY2025 flipped that pattern: positive net income of$557K arrived alongside an operating loss and-$1.7M of operating cash outflow, so accounting profit was no longer being backed by day-to-day cash.
The sharp revenue drop to
Leverage eased as debt-to-equity moved from 1.8x in FY2023 to 0.1x in FY2025, reflecting a more equity-funded balance sheet. But FY2025 still depended on external capital: financing brought in
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'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 has an operating margin of -3.2%, meaning the company loses $3 on every $100 of revenue. This results in a profitability score of 33/100. This is down from 1.0% the prior year.
Luda Technology Group's revenue declined 25.3% year-over-year, from $44.9M to $33.5M. This contraction results in a growth score of 5/100.
Luda Technology Group 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's current ratio of 1.63 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
Luda Technology Group'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 29/100.
Luda Technology Group's ROE of 2.5% shows moderate profitability relative to equity, earning a score of 38/100. This is up from -2.9% the prior year.
Luda Technology Group scores 3.55, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($99.8M) 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 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 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 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
Luda Technology Group generated $33.5M in revenue in fiscal year 2025. This represents a decrease of 25.3% from the prior year.
Luda Technology Group's EBITDA was -$477K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 180.4% from the prior year.
Luda Technology Group reported $557K in net income in fiscal year 2025. This represents an increase of 254.2% from the prior year.
Luda Technology Group earned $0.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 250.0% from the prior year.
Cash & Balance Sheet
Luda Technology Group recorded an outflow of $2.2M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 149.5% from the prior year.
Luda Technology Group held $4.5M in cash against $1.8M in long-term debt as of fiscal year 2025, with $24.5M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Luda Technology Group's gross margin was 17.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.8 percentage points from the prior year.
Luda Technology Group's operating margin was -3.2% in fiscal year 2025, reflecting core business profitability. This is down 4.2 percentage points from the prior year.
Luda Technology Group's net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.5 percentage points from the prior year.
Luda Technology Group's ROE was 2.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.4 percentage points from the prior year.
Capital Allocation
Luda Technology Group invested $1.5M in research and development in fiscal year 2025. This represents an increase of 4.9% from the prior year.
Luda Technology Group invested $458K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 57.5% from the prior year.
Not reported for fiscal year 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.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Revenue | $33.5M-25.3% | $44.9M-12.8% | $51.4M+3.2% | $49.9M |
| Cost of Revenue | $27.6M-17.5% | $33.5M-17.5% | $40.5M+2.4% | $39.6M |
| Gross Profit | $5.9M-48.1% | $11.4M+4.7% | $10.9M+5.9% | $10.3M |
| R&D Expenses | $1.5M+4.9% | $1.4M+1.4% | $1.4M-11.9% | $1.5M |
| SG&A Expenses | $3.7M+15.4% | $3.2M+9.2% | $3.0M+5.5% | $2.8M |
| Operating Income | -$1.1M-332.3% | $456K-88.2% | $3.9M+1.3% | $3.8M |
| Interest Expense | $475K-10.4% | $530K+16.4% | $455K+29.3% | $352K |
| Income Tax | $434K+64.4% | $264K-40.9% | $447K-10.9% | $502K |
| Net Income | $557K+254.2% | -$361K-111.9% | $3.0M-1.1% | $3.1M |
| EPS (Diluted) | $0.03+250.0% | -$0.02-113.3% | $0.150.0% | $0.15 |
LUD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $49.1M+25.0% | $39.3M-15.8% | $46.7M | N/A |
| Current Assets | $40.0M+25.6% | $31.9M-19.4% | $39.5M | N/A |
| Cash & Equivalents | $4.5M-44.5% | $8.1M+0.6% | $8.1M+96.2% | $4.1M |
| Inventory | $4.7M-3.4% | $4.9M-12.7% | $5.6M | N/A |
| Accounts Receivable | $13.5M+2.4% | $13.2M-20.7% | $16.6M | N/A |
| Total Liabilities | $26.9M+1.0% | $26.6M-11.0% | $30.0M | N/A |
| Current Liabilities | $24.5M-5.1% | $25.9M-10.1% | $28.7M | N/A |
| Long-Term Debt | $1.8M+188.6% | $614K | N/A | N/A |
| Total Equity | $22.2M+75.4% | $12.7M-24.4% | $16.7M+15.3% | $14.5M |
| Retained Earnings | $11.8M+3.9% | $11.4M-25.4% | $15.2M | N/A |
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.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating Cash Flow | -$1.7M-131.3% | $5.5M+63.8% | $3.3M+432.4% | -$1.0M |
| Capital Expenditures | $458K-57.5% | $1.1M-38.7% | $1.8M+282.0% | $460K |
| Free Cash Flow | -$2.2M-149.5% | $4.4M+178.2% | $1.6M+207.6% | -$1.5M |
| Investing Cash Flow | -$11.0M-291.1% | -$2.8M-60.4% | -$1.8M-307.9% | -$431K |
| Financing Cash Flow | $8.8M+441.2% | -$2.6M-195.5% | $2.7M+416.6% | $524K |
| Dividends Paid | N/A | $3.4M+435.5% | $631K | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
LUD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Gross Margin | 17.6%-7.8pp | 25.4%+4.2pp | 21.2%+0.5pp | 20.6% |
| Operating Margin | -3.2%-4.2pp | 1.0%-6.5pp | 7.5%-0.1pp | 7.7% |
| Net Margin | 1.7%+2.5pp | -0.8%-6.7pp | 5.9%-0.3pp | 6.2% |
| Return on Equity | 2.5%+5.4pp | -2.9%-21.0pp | 18.1%-3.0pp | 21.1% |
| Return on Assets | 1.1%+2.0pp | -0.9%-7.4pp | 6.5% | N/A |
| Current Ratio | 1.63+0.4x | 1.23-0.1x | 1.37 | N/A |
| Debt-to-Equity | 0.080.0x | 0.05-1.7x | 1.79 | N/A |
| FCF Margin | -6.5%-16.2pp | 9.8%+6.7pp | 3.1%+6.0pp | -2.9% |
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Where Luda Technology Group Ranks
Frequently Asked Questions
What is Luda Technology Group's annual revenue?
Luda Technology Group (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's revenue growing?
Luda Technology Group (LUD) revenue declined by 25.3% year-over-year, from $44.9M to $33.5M in fiscal year 2025.
Is Luda Technology Group profitable?
Yes, Luda Technology Group (LUD) reported a net income of $557K in fiscal year 2025, with a net profit margin of 1.7%.
What is Luda Technology Group's EBITDA?
Luda Technology Group (LUD) had EBITDA of -$477K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Luda Technology Group have?
As of fiscal year 2025, Luda Technology Group (LUD) had $4.5M in cash and equivalents against $1.8M in long-term debt.
What is Luda Technology Group's gross margin?
Luda Technology Group (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's operating margin?
Luda Technology Group (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's net profit margin?
Luda Technology Group (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's return on equity (ROE)?
Luda Technology Group (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's free cash flow?
Luda Technology Group (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's operating cash flow?
Luda Technology Group (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's total assets?
Luda Technology Group (LUD) had $49.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Luda Technology Group's capital expenditures?
Luda Technology Group (LUD) invested $458K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Luda Technology Group spend on research and development?
Luda Technology Group (LUD) invested $1.5M in research and development during fiscal year 2025.
What is Luda Technology Group's current ratio?
Luda Technology Group (LUD) had a current ratio of 1.63 as of fiscal year 2025, which is generally considered healthy.
What is Luda Technology Group's debt-to-equity ratio?
Luda Technology Group (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's return on assets (ROA)?
Luda Technology Group (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's cash runway?
Based on fiscal year 2025 data, Luda Technology Group (LUD) had $4.5M in cash against an annual operating cash burn of $1.7M. This gives an estimated cash runway of approximately 32 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 Luda Technology Group's Altman Z-Score?
Luda Technology Group (LUD) has an Altman Z-Score of 3.55, 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's Piotroski F-Score?
Luda Technology Group (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's earnings high quality?
For every $1 of reported earnings, Luda Technology Group (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 cover its interest payments?
Luda Technology Group (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?
Luda Technology Group (LUD) scores 39 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.