Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Lite Strategy, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
23.2
1.62
4.92
27.8
34.8
40.7
48.8
65.3
0
Cost of revenue
5
3.38
4.26
2.67
1.41
0
Gross profit
18.2
-1.76
0.65
25.1
33.4
40.7
Research and development
7.24
17
32.3
34.1
69.4
85.6
52.5
16.6
3.92
0.12
General and administrative
8.63
9.79
14.6
16.7
24.4
30.5
33.1
23.3
13.5
12
Operating income
2.38
-28.6
-46.2
-25.7
-60.4
-75.5
-36.8
14.5
-17.5
-66.6
Interest income
0.29
0.59
1.8
1.4
0.51
0.28
3.35
3.28
1.03
0.27
Other non-operating income
0
-21.5
19.1
21
4.93
3.24
1.51
-4.57
Pre-tax income
2.67
-40.1
-16.8
-47.2
-41.3
-54.5
-31.8
17.8
-15.9
-71.2
Income tax
0
0
0
0
0.01
0
0
0
0
0
Net income
2.67
-40.1
-16.8
-47.2
-41
-54
-32
18
-15.9
-71.2
EBITDA
2.47
-28.5
-46.2
-25.6
-60.1
-75.2
-36.4
14.9
-17.1
-66.6
EPS, basic
1.40
-19.38
-4.80
-10.39
-7.39
-8.75
-4.78
2.67
-2.39
-2.06
EPS, diluted
1.40
-19.38
-14.99
-10.39
-11.99
-9.99
-4.78
2.67
-2.39
-2.06
Shares, basic (weighted)
1.84
2.07
3.56
4.56
5.63
6.22
6.66
6.66
6.66
34.6
Shares, diluted (weighted)
1.85
2.07
3.62
4.56
5.73
6.26
6.66
6.66
6.66
34.6
Dividend per share
1.75
Balance sheet
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
8.46
13.3
9.59
12.3
8.54
15.7
16.9
3.71
18
5.71
Short-term investments
45.1
89.4
64.9
170
145
138
83.8
34.6
0
Receivables
0
0
0
0
0
Other current assets
1.76
1.59
2.44
2.74
3.81
3.83
6.75
2.42
0.27
0.44
Total current assets
55.3
104
82.2
209
165
167
108
40.8
18.3
6.14
Property, plant and equipment
0.05
0.03
0.2
1.08
1.51
1.66
1.31
0.39
0
Lease right-of-use assets
0
7.77
9.05
12
0.21
0
Intangible assets
0.33
0.3
0.26
Other non-current assets
0
0.65
Total assets
55.7
105
82.7
210
174
178
121
41.4
18.3
42.7
Accounts payable
0.59
3.64
4.79
2.44
6.36
7.92
6.13
3.17
0.18
0.26
Accrued liabilities
3.29
3.45
4.56
6.09
8.4
10.8
12.5
5.19
1.18
0.81
Deferred revenue
1
0.79
4.96
5.23
4.53
4.83
0.32
0
Total current liabilities
4.87
7.89
14.3
13.8
20.2
24.4
20.3
8.36
1.35
1.07
Lease liabilities
0
7.37
8.77
11.3
0
Total liabilities
4.87
54.2
34.7
133
125
125
96.2
8.36
1.35
1.07
Paid-in capital
225
265
279
355
369
427
431
421
421
522
Retained earnings
-174
-214
-231
-278
-320
-374
-406
-388
-404
-475
Treasury stock
0
-4.9
Shareholders' equity
50.8
50.5
47.9
77.1
49.5
52.4
24.6
33
16.9
41.6
Total equity
50.8
50.5
47.9
77.1
49.5
52.4
24.6
33
16.9
41.6
Total liabilities and equity
55.7
105
82.7
210
174
178
121
41.4
18.3
42.7
Shares outstanding
1.84
3.52
3.68
5.58
5.64
6.66
6.66
6.66
6.66
32.4
Cash flow statement
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
2.67
-40.1
-16.8
-47.2
-41.3
-54.5
-31.8
17.8
-15.9
-71.2
Depreciation and amortization
0.09
0.05
0.08
0.11
0.29
0.33
0.39
0.38
0.37
0
Stock-based compensation
2.3
3.22
6.56
6.8
10.2
8.35
3.59
2.28
-0.14
1.29
Change in receivables
-0.2
-2.35
-4.72
Cash from operations
3.49
-21
-29.4
34.3
-32
-48.7
-52.5
-50.5
-20.8
-9.12
Capital expenditures
-0.05
-0.22
-0.89
-0.71
-0.48
-0.04
-0.01
0
Purchases of investments
-60.1
-114
-64.7
-190
-420
-273
-102
-58.2
0
Cash from investing
-10.1
-44.3
24.3
-106
24.7
6.89
53.7
49.1
35.2
-95.1
Stock issued
4.21
0.33
0.37
73
3.2
52.3
0
0
4.63
Share buybacks
0
-4.9
Dividends paid
0
-11.7
0
Cash from financing
4.21
70.2
1.39
74.8
3.47
49.1
-0.04
-11.9
0
91.9
Net change in cash
-2.38
4.85
-3.72
2.74
-3.79
7.2
1.17
-13.2
14.3
-12.3
Free cash flow
3.44
-29.6
33.4
-32.7
-49.2
-52.5
-50.5
-20.8
Income taxes paid
-0
-0
-0
-0
-0.01
0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $0.99 on November 11, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-243.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-233.4%
Net income / average total assets.
Return on invested capital (ROIC)
-302.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
145.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
19.1%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-3.4%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
133.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-29.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-24.5%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
418.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
73.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
43.2%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
5.74x
Current assets / current liabilities.
Quick ratio
5.34x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
5.34x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$2.06
Net income per basic share, as reported (split-adjusted).
Operating cash flow per share
-$0.26
Cash from operations / diluted weighted shares.
Book value per share
$1.28
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
0.81x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.81x
Market cap / tangible book value, when positive.
Earnings yield
-212.3%
Net income / market cap (the inverse of P/E).
Shareholder yield
14.6%
(Dividends paid + share buybacks) / market cap.
Was Lite Strategy, Inc. profitable in fiscal 2026?
No. It reported a net loss of $71.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.