LPTH is the ticker symbol for LIGHTPATH TECHNOLOGIES INC, a publicly traded Technology sector company listed on Nasdaq. 13F Pro tracks LPTH with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is LPTH a good stock to buy?

13F Pro's AI ranking engine scores LPTH at 34.5/100, ranked #2,333 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for LPTH is available at https://13fpro.ai/company/LPTH. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source LPTH data?

All LIGHTPATH TECHNOLOGIES INC fundamentals and ownership data come directly from SEC EDGAR. LIGHTPATH TECHNOLOGIES INC files with the SEC under CIK 889971. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

LIGHTPATH TECHNOLOGIES INC LPTH

NasdaqSmall CapTechnology

13F Pro quality score

Rank #2,333 of 2,925

Why it scores 35 Technology peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$21.16M

Quarter to Jun 30

Net income

$-4.14M

Quarter to Jun 30

Free cash flow

$-9.53M

Quarter to Jun 30

Operating margin

-20.3%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$819.74M total

BlackRock, Inc.

$73.08M+292.8%

Hood River Capital Management LLC

$58.24M+46.2%

VANGUARD CAPITAL MANAGEMENT LLC

$44.44M+5.2%

AWM Investment Company, Inc.

$41.49M+24.5%

DRIEHAUS CAPITAL MANAGEMENT LLC

$35.50M+0.3%

TEMA ETFS LLC

$32.49MNew

Toroso Investments, LLC

$31.93MNew

GEODE CAPITAL MANAGEMENT, LLC

$23.66M+139.0%

BANK OF AMERICA CORP /DE/

$19.61M+115.7%

GOLDMAN SACHS GROUP INC

$17.69M-56.3%

CITADEL ADVISORS LLC

$17.26M+34.8%

STATE STREET CORP

$17.07M+308.7%

Telemark Asset Management, LLC

$16.76M+166.2%

NEEDHAM INVESTMENT MANAGEMENT LLC

$16.51M+91.5%

ROYCE & ASSOCIATES LP

$15.85M-2.0%

EMERALD ADVISERS, LLC

$15.32MNew

T. Rowe Price Investment Management, Inc.

$14.66MNew

JANE STREET GROUP, LLC

$14.12M+7.3%

Relyea Zuckerberg Hanson LLC

$12.52M0.0%

TWO SIGMA INVESTMENTS, LP

$11.09M+479.3%

PRICE T ROWE ASSOCIATES INC /MD/

$10.99M+902.3%

RENAISSANCE TECHNOLOGIES LLC

$10.98M+69.7%

PEREGRINE INVESTMENT MANAGEMENT INC

$10.79M+65.0%

Portolan Capital Management, LLC

$10.29M-39.5%

Palisades Investment Partners, LLC

$9.97M+2.0%

See all 164 institutional holders →

What's Driving LPTH's Business? Latest 10-K Breakdown

37/37 datapoints verified

AI-extracted from the 10-K filed 2026-09-11 — FY2026 (year ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue surged 93% to $71.7M driven by G5 Infrared cooled cameras and assemblies, though net loss widened to $20.5M due to $15.6M earnout fair value adjustment.

Biggest Revenue Drivers

Assemblies and modules$31.9M+281% YoY

G5 Infrared cooled cameras and modules for defense, security, border patrol and C-UAS programs including large global technology customer orders.

Infrared components$21.2M+52% YoY

G5 Infrared coating services, AML acquired infrared materials, and increased sales to defense and industrial customers.

Biggest Revenue Drivers

Total revenue: $71.7M+93% YoY

Assemblies and modules$31.9M+281% YoY

G5 Infrared cooled cameras and modules for defense, security, border patrol and C-UAS programs including large global technology customer orders.

Infrared components$21.2M+52% YoY

G5 Infrared coating services, AML acquired infrared materials, and increased sales to defense and industrial customers.

Visible components$15.5M+32% YoY

Increased sales to industrial customers in Asia and U.S., and Europe.

Engineering services$3.2M-1% YoY

Visimid's Lockheed Martin contract and non-recurring engineering projects with timing variability.

Largest Expense Items

Cost of sales$45.9M+70% YoY

Increased sales volume and product mix shift toward higher-margin assemblies and modules.

Selling, general and administrative$24.7M+56% YoY

Full year G5 Infrared costs, AML acquisition costs, increased sales/marketing, IT security, and filled executive roles.

New product development$3.8M+24% YoY

G5 Infrared product development and additional engineering personnel.

Margins: Gross margin expanded to 36% in FY2026 from 27% in FY2025, driven by higher sales across all product groups and improved margins from the 281% increase in higher-margin assemblies and modules, partially offset by 70% cost of sales growth. Operating margin deteriorated due to $15.6M increase in fair value of G5 Infrared earnout liabilities.

Watch Items from the Filing

Customer concentration increased: top 3 customers represent 37% of FY2026 revenue (vs. 23% in FY2025), with largest at 24%. Loss of major customer could significantly impact revenues.
LPOIZ divestiture announced July 2026, expected closing September 2026, will reduce visible components revenue. Future supply depends on third-party vendor (new owners), creating execution risk.
Accumulated deficit of $251.3M as of June 30, 2026; net loss of $20.5M in FY2026 despite 93% revenue growth due to earnout fair value adjustments and operating expenses.
Backlog increased 197% to $110.9M from June 30, 2025, with $85.6M expected to ship within one year, including $58M for infrared camera systems from leading global technology customer.
Strong liquidity position: $93.2M cash and $103.7M working capital as of June 30, 2026, up from $4.9M cash year-over-year, funded by December 2025 and June 2026 equity offerings.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-K on SEC EDGAR →

Key Metrics

Revenue

Q4 2026

EDGAR

Net Income

Q4 2026

EDGAR

EPS (Diluted)

Q4 2026

EDGAR

Operating Margin

Q4 2026

EDGAR

ROIC

Q4 2026

EDGAR

Free Cash Flow

Q4 2026

EDGAR

Financial Trends

Revenue & Net Income

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Earnings Per Share

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LIGHTPATH TECHNOLOGIES INC reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2026	10-K	$71.7M	$-20.5M	-27.4%
FY 2025	10-K	$37.2M	$-14.9M	-31.8%
FY 2024	10-K	$31.7M	$-8.0M	-24.7%
FY 2023	10-K	$32.9M	$-4.0M	-10.8%
FY 2022	10-K	$35.6M	$-3.5M	-7.4%
FY 2021	10-K	$38.5M	$-3.2M	-4.8%

About LIGHTPATH TECHNOLOGIES INC (LPTH): stock profile, AI score and financials

LIGHTPATH TECHNOLOGIES INC (LPTH) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores LPTH at 34.5/100 on a composite quality score built from its SEC filings, placing it at rank #2,333 of 2,925 stocks — the bottom half of the AI-ranked universe. LPTH scores in the top quartile across institutional flow (99.0), revenue growth (94.2). Areas of concern include earnings quality (11.3) and revenue scale (12.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 18.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q4 2026), LIGHTPATH TECHNOLOGIES INC reports quarterly revenue of $21.2M, net income of $-4.1M, an operating margin of -20.3%. LPTH trades on the Nasdaq exchange and files with the SEC under CIK 889971. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LPTH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LIGHTPATH TECHNOLOGIES INC directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 889971 →

LIGHTPATH TECHNOLOGIES INC LPTH

Top Institutional Holders

What's Driving LPTH's Business? Latest 10-K Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

LPTH key financials by period

LPTH insiders

About LIGHTPATH TECHNOLOGIES INC (LPTH): stock profile, AI score and financials

LIGHTPATH TECHNOLOGIES INC LPTH

Top Institutional Holders

What's Driving LPTH's Business? Latest 10-K Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

LPTH key financials by period

Companies similar to LPTH

LPTH insiders

About LIGHTPATH TECHNOLOGIES INC (LPTH): stock profile, AI score and financials