What is Luda Technology Group's earnings per share (EPS)?

Luda Technology Group (LUD) reported diluted earnings per share of $0.03 for fiscal year 2025. This represents a 250.0% 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.

Luda Technology Group Financials

LUD

Source SEC Filings (10-K/10-Q) Updated May 15, 2026 Currency USD FYE May

This page shows Luda Technology Group (LUD) financial statements, including the 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).

Rhea AI LUD FY2025 2026-05-15

Liquidity increasingly depended on external financing as cash conversion deteriorated and lower sales exposed a rigid cost base.

The sharpest signal is an earnings-quality reversal: the prior year produced free cash flow of $4.4M despite a loss, but the latest year consumed -$2.2M of free cash even while reporting profit. Because revenue fell while receivables barely moved, the cash shortfall looks tied to a less forgiving working-capital cycle and other non-cash line items rather than to the income statement alone.

A margin mismatch is doing real damage: gross margin reached 25.4% while operating margin was only 1.0%, showing that better product-level economics were not reaching the bottom of the cost structure. When sales weakened again, that thin cushion vanished, which points to overhead that does not flex down quickly rather than to a one-off stumble.

The latest year's balance-sheet improvement was largely financed, not earned: financing cash flow added $8.8M while operating cash flow was -$1.7M. That helps explain why leverage measures and liquidity looked calmer even as cash on hand fell and shares outstanding increased; the company was reinforcing its financial position through external capital instead of through internally generated cash.

Financial Health Signals

Financial Profile 33/100

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 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.

Profitability

Luda Technology Group has an operating margin of -3.2%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 1.0% the prior year.

Growth

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 1/100.

Leverage

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 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Luda Technology Group's current ratio of 1.63 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Luda Technology Group generated -$1.7M in operating cash flow, capex of $458K consumed most of it, leaving -$2.2M in free cash flow. This results in a low score of 26/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Luda Technology Group generates a 2.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is up from -2.9% the prior year.

Piotroski F-Score Weak

3/9

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.

Earnings Quality Low Quality

-3.07x

For every $1 of reported earnings, Luda Technology Group generates $-3.07 in operating cash flow (-$1.7M OCF vs $557K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-2.2x

Luda Technology Group earns $-2.2 in operating income for every $1 of interest expense (-$1.1M vs $475K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$33.5M

YoY-25.3%

Luda Technology Group generated $33.5M in revenue in fiscal year 2025. This represents a decrease of 25.3% from the prior year.

EBITDA

-$477K

YoY-180.4%

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.

Net Income

$557K

YoY+254.2%

Luda Technology Group reported $557K in net income in fiscal year 2025. This represents an increase of 254.2% from the prior year.

EPS (Diluted)

$0.03

YoY+250.0%

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

Free Cash Flow

-$2.2M

YoY-149.5%

Luda Technology Group generated -$2.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 149.5% from the prior year.

Cash & Debt

$4.5M

YoY-44.5%

Luda Technology Group held $4.5M in cash against $1.8M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

23M

YoY+13.5%

Luda Technology Group had 23M shares outstanding in fiscal year 2025. This represents an increase of 13.5% from the prior year.

Margins & Returns

Gross Margin

17.6%

YoY-7.8pp

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.

Operating Margin

-3.2%

YoY-4.2pp

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.

Net Margin

1.7%

YoY+2.5pp

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.

Return on Equity

2.5%

YoY+5.4pp

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

R&D Spending

$1.5M

YoY+4.9%

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.

Share Buybacks

N/A

Capital Expenditures

$458K

YoY-57.5%

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.

LUD Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$33.5M-25.3%	$44.9M-12.8%	$51.4M+3.2%	$49.9M
Cost of Revenue	$7.0M-79.1%	$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

Metric	Q3'25	Q3'24
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	N/A	N/A
Income Tax	N/A	N/A
Net Income	N/A	N/A
EPS (Diluted)	N/A	N/A

LUD Balance Sheet

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
Goodwill	N/A	N/A	N/A	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	N/A	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

Metric	Q3'25	Q3'24
Total Assets	$39.3M-15.8%	$46.7M
Current Assets	$31.9M-19.4%	$39.5M
Cash & Equivalents	$8.1M+0.6%	$8.1M
Inventory	$4.9M-12.7%	$5.6M
Accounts Receivable	$13.2M-20.7%	$16.6M
Goodwill	N/A	N/A
Total Liabilities	$26.6M-11.0%	$30.0M
Current Liabilities	$25.9M-10.1%	$28.7M
Long-Term Debt	N/A	N/A
Total Equity	$12.7M-24.4%	$16.7M
Retained Earnings	$11.4M-25.4%	$15.2M

LUD Cash Flow Statement

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	$3.4M0.0%	$3.4M+435.5%	$631K	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24
Operating Cash Flow	N/A	N/A
Capital Expenditures	N/A	N/A
Free Cash Flow	N/A	N/A
Investing Cash Flow	N/A	N/A
Financing Cash Flow	N/A	N/A
Dividends Paid	N/A	N/A
Share Buybacks	N/A	N/A

LUD Financial Ratios

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+0.4	1.23-0.1	1.37	N/A
Debt-to-Equity	0.08-2.0	2.10+0.3	1.79	N/A
FCF Margin	-6.5%-16.2pp	9.8%+6.7pp	3.1%+6.0pp	-2.9%

Metric	Q3'25	Q3'24
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	N/A	N/A
Return on Assets	N/A	N/A
Current Ratio	1.23-0.1	1.37
Debt-to-Equity	2.10+0.3	1.79
FCF Margin	N/A	N/A

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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) generated -$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) generated -$1.7M in operating cash flow during fiscal year 2025, representing cash generated from 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.

How many shares does Luda Technology Group have outstanding?

Luda Technology Group (LUD) had 23M shares outstanding as of 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 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?

Luda Technology Group (LUD) has an earnings quality ratio of -3.07x, 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.

Can Luda Technology Group cover its interest payments?

Luda Technology Group (LUD) has an interest coverage ratio of -2.2x, meaning it can struggle to cover its interest obligations. 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 33 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.