LightPath Technologies, Inc.

LPTHNASDAQTechnology● Active

$15.04

+$0.11(+0.74%)

Market Cap$720102115

P/E Ratio—

52W High$18.94

52W Low$2.75

Avg Volume3.0M

Open$15.63

Beta1.33

Free Cash Flow Financials Revenue

LightPath Technologies, Inc. (LPTH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LPTH · free cash flow · updated Jun 8, 2026

Core FCF metrics

LPTH · FCF · TTM · margin & CAGR

Free cash flow was −$9.6M for FY2025 (fiscal year ending 2025-06-30), down 477.3% year-over-year The FCF margin was -25.8%.

FY2025 Free Cash Flow−$9.6M▼ -477.3% YoY

Trailing 12M (TTM)−$1.84Ttrailing 4 quarters sum

FCF Margin-25.8%−$9.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LPTH · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$8.3M(1M)−$9.6M▼ 477.3%-25.8%

FY2024$521,037(2M)−$1.7M▲ +71.8%-5.2%

FY2023−$2.8M(3M)−$5.9M▼ 3522.9%-17.9%

FY2022$1.5M(2M)−$162,486▼ 110.3%-0.5%

FY2021$4.7M(3M)$1.6M▲ +22.0%4.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LPTH · P/FCF · FCF yield · FCF per share

LightPath Technologies, Inc. (LPTH) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-06-30

Cash flow statement summary

LPTH · cash flow statement · operating / investing / financing

For FY2025, LightPath Technologies, Inc. generated −$8.3M in operating cash flow and spent 1M in capital expenditures, yielding −$9.6M in free cash flow.

Operating Activities

−$8.3M

Cash from core business operations

2025-06-30

Investing Activities

−$19.7M

CapEx, acquisitions & investments

2025-06-30

Financing Activities

+$29.3M

Buybacks, dividends & debt

2025-06-30

FCF FormulaOperating CF (−$8.3M) − |CapEx| (1M) = FCF (−$9.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

LPTH vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

LightPath Technologies, Inc.YOU

LPTH

−$9.6M-477.3%-25.8%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

LightPath Technologies, Inc. (LPTH) reported free cash flow of −$9.6M for FY2025 (fiscal year ending 2025-06-30), down 477.3% year-over-year. The FCF margin was -25.8%.

Based on available data, LightPath Technologies, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $2.8M in FY2017.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LPTH free cash flow · 8 questions

LightPath Technologies, Inc. free cash flow was −$9.6M for FY2025, down 477.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.84T.

LPTH free cash flowLPTH FCFLPTH FCF 2025LPTH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · LightPath Technologies, Inc. · LightPath Technologies, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026