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
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
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
13.4
7.24
17
32.3
34.1
69.4
85.6
52.5
16.6
3.92
General and administrative
7.6
8.63
9.79
14.6
16.7
24.4
30.5
33.1
23.3
13.5
Operating expenses
21
Operating income
-21
2.38
-28.6
-46.2
-25.7
-60.4
-75.5
-36.8
14.5
-17.5
Interest income
0.14
0.29
0.59
1.8
1.4
0.51
0.28
3.35
3.28
1.03
Other non-operating income
0
-21.5
19.1
21
4.93
3.24
1.51
Pre-tax income
-20.9
2.67
-40.1
-16.8
-47.2
-41.3
-54.5
-31.8
17.8
-15.9
Income tax
0
0
0
0
0
0.01
0
0
0
0
Net income
-20.9
2.67
-40.1
-16.8
-47.2
-41
-54
-32
17.8
-15.9
EBITDA
-20.9
2.47
-28.5
-46.2
-25.6
-60.1
-75.2
-36.4
14.9
-17.1
EPS, basic
-12.19
1.40
-19.38
-4.80
-10.39
-7.39
-8.75
-4.78
2.67
-2.39
EPS, diluted
-12.19
1.40
-19.38
-14.99
-10.39
-11.99
-9.99
-4.78
2.67
-2.39
Shares, basic (weighted)
1.72
1.84
2.07
3.56
4.56
5.63
6.22
6.66
6.66
6.66
Shares, diluted (weighted)
1.72
1.85
2.07
3.62
4.56
5.73
6.26
6.66
6.66
6.66
Dividend per share
1.75
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
10.8
8.46
13.3
9.59
12.3
8.54
15.7
16.9
3.71
18
Short-term investments
35.1
45.1
89.4
64.9
170
145
138
83.8
34.6
0
Receivables
0
0
0
0
0
Other current assets
0.83
1.76
1.59
2.44
2.74
3.81
3.83
6.75
2.42
0.27
Total current assets
46.7
55.3
104
82.2
209
165
167
108
40.8
18.3
Property, plant and equipment
0.05
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
0.37
0.33
0.3
0.26
Other non-current assets
0
Total assets
47.2
55.7
105
82.7
210
174
178
121
41.4
18.3
Accounts payable
1.08
0.59
3.64
4.79
2.44
6.36
7.92
6.13
3.17
0.18
Accrued liabilities
4.43
3.29
3.45
4.56
6.09
8.4
10.8
12.5
5.19
1.18
Deferred revenue
1
0.79
4.96
5.23
4.53
4.83
0.32
0
Total current liabilities
5.51
4.87
7.89
14.3
13.8
20.2
24.4
20.3
8.36
1.35
Lease liabilities
0
7.37
8.77
11.3
0
Total liabilities
5.51
4.87
54.2
34.7
133
125
125
96.2
8.36
1.35
Paid-in capital
219
225
265
279
355
369
427
431
421
421
Retained earnings
-177
-174
-214
-231
-278
-320
-374
-406
-388
-404
Treasury stock
0
Shareholders' equity
41.7
50.8
50.5
47.9
77.1
49.5
52.4
24.6
33
16.9
Total equity
41.7
50.8
50.5
47.9
77.1
49.5
52.4
24.6
33
16.9
Total liabilities and equity
47.2
55.7
105
82.7
210
174
178
121
41.4
18.3
Shares outstanding
1.71
1.84
3.52
3.68
5.58
5.64
6.66
6.66
6.66
6.66
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-20.9
2.67
-40.1
-16.8
-47.2
-41.3
-54.5
-31.8
17.8
-15.9
Depreciation and amortization
0.06
0.09
0.05
0.08
0.11
0.29
0.33
0.39
0.38
0.37
Stock-based compensation
2.72
2.3
3.22
6.56
6.8
10.2
8.35
3.59
2.28
-0.14
Change in receivables
-0.2
-2.35
-4.72
Cash from operations
-17.9
3.49
-21
-29.4
34.3
-32
-48.7
-52.5
-50.5
-20.8
Capital expenditures
-0
-0.05
-0.22
-0.89
-0.71
-0.48
-0.04
-0.01
0
Purchases of investments
-55.2
-60.1
-114
-64.7
-190
-420
-273
-102
-58.2
0
Cash from investing
9.97
-10.1
-44.3
24.3
-106
24.7
6.89
53.7
49.1
35.2
Stock issued
4.21
0.33
0.37
73
3.2
52.3
0
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
Net change in cash
-7.89
-2.38
4.85
-3.72
2.74
-3.79
7.2
1.17
-13.2
14.3
Free cash flow
-17.9
3.44
-29.6
33.4
-32.7
-49.2
-52.5
-50.5
-20.8
Income taxes paid
-0
-0
-0
-0
-0
-0.01
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $1.44 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-107.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-105.2%
Net income / average total assets.
Return on invested capital (ROIC)
-93.1%
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
Revenue growth, 1y
-100.0%
Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-220.0%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-214.5%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-189.7%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-189.5%
EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-48.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-31.4%
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
-26.1%
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
-55.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-53.2%
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
-38.6%
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
0.0%
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
2.1%
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
7.9%
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
11.5x
Current assets / current liabilities.
Quick ratio
7.92x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
7.92x
(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.
Operating cash flow per share
-$0.29
Cash from operations / diluted weighted shares.
Book value per share
$1.62
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
0.86x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.86x
Market cap / tangible book value, when positive.
Earnings yield
-124.1%
Net income / market cap (the inverse of P/E).
What was Lite Strategy, Inc.'s revenue in fiscal 2025?
Lite Strategy, Inc. reported revenue of $0.0 for fiscal 2025, 100% lower than the year before.
Was Lite Strategy, Inc. profitable in fiscal 2025?
No. It reported a net loss of $15.9M.
How much free cash flow did Lite Strategy, Inc. generate in fiscal 2025?
Cash from operations of $20.8M minus capital expenditures of $0.0 left free cash flow of -$20.8M.
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.