What is the 13F Pro Quality Score for LPTH?

13F Pro ranks LIGHTPATH TECHNOLOGIES INC (LPTH) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LPTH's current score at https://13fpro.ai/research/LPTH (free sign-up required for the full ranking).

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.

What sector is LPTH in?

LIGHTPATH TECHNOLOGIES INC (LPTH) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is LPTH research updated on 13F Pro?

LPTH's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

LIGHTPATH TECHNOLOGIES INC(LPTH)Stock Analysis

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13F Pro Quality Score

33.2/100

Rank #2,238 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

88.8/100

Profitability

11.4/100

Balance Sheet

9.6/100

Earnings Quality

30.0/100

Free Cash Flow

13.8/100

Institutional Flow

93.8/100

Revenue Scale

11.3/100

Dilution Risk

35.0/100

LPTH Stock Analysis & AI Quality Score

AI stock analysis and institutional research for LIGHTPATH TECHNOLOGIES INC (LPTH), a Technology sector company. 13F Pro's AI-powered ranking engine scores LPTH at 33.2/100 on a 32-signal composite quality model, placing it at rank #2,238 of 2,879 stocks — the bottom half of the AI-ranked universe. LPTH scores in the top quartile across institutional flow (93.8), revenue growth (88.8). Areas of concern include balance sheet strength (9.6) and revenue scale (11.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 35.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), LIGHTPATH TECHNOLOGIES INC reports quarterly revenue of $19.1M, net income of $-4.1M, free cash flow of $-7.7M. Top institutional holders of LPTH by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, GOLDMAN SACHS GROUP, Hood River Capital Management, based on the most recent SEC filings. 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. LIGHTPATH TECHNOLOGIES INC's 13F Pro composite quality score has ranged between 14 and 50 since 2021, currently 33.2 — a declining long-term trajectory across 28 quarterly and live scoring snapshots.

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Fun facts about LIGHTPATH TECHNOLOGIES INC

Quirks, history, and lore behind LPTH — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology company · micro-cap · listed on Nasdaq · headquartered in Orlando, Florida.
2
The Numbers
Annual revenue in the range of tens of millions of dollars — this is a small but specialized player, with a market cap well under $100 million.
3
The History
Founded in the 1990s, the company grew out of expertise in precision optical components, serving customers who need light to do exactly what they tell it to.
4
The Secret
Its products aren't lenses for glasses — they're infrared optics, optical coatings, and assemblies used in defense, medical, and industrial systems where imprecision is not an option.
5
The Lore
It supplies components for thermal imaging and laser systems — meaning its tiny parts quietly end up inside military hardware and life-saving medical devices around the world.
6
The Giveaway
The name literally tells you what it does: it makes components that shape and direct light, and its ticker — LPTH — is basically the answer written in four letters.

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Revenue

Q3 2026

$19.1M

Net Income

Q3 2026

$-4.1M

Free Cash Flow

Q3 2026

$-7.7M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+17.3% YoY

$37.2MFY 2025

FY22 $35.6MFY23 $32.9MFY24 $31.7MFY25 $37.2M

Net Income

-85.7% YoY

$-14.9MFY 2025

FY22 $-3.5MFY23 $-4.0MFY24 $-8.0MFY25 $-14.9M

Operating Income

-51.1% YoY

$-11.8MFY 2025

FY22 $-2.6MFY23 $-3.6MFY24 $-7.8MFY25 $-11.8M

EPS (Diluted)

-71.4% YoY

$-0.36FY 2025

FY22 $-0.13FY23 $-0.13FY24 $-0.21FY25 $-0.36

Total Assets

+69.5% YoY

$81.5MFY 2025

FY22 $50.7MFY23 $53.5MFY24 $48.1MFY25 $81.5M

Total Debt

+798.0% YoY

$4.8MFY 2025

FY22 $3.2MFY23 $2.6MFY24 $535.0KFY25 $4.8M

Op. Cash Flow

-1699.0% YoY

$-8.3MFY 2025

FY22 $1.5MFY23 $-2.8MFY24 $521.0KFY25 $-8.3M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$37.2M +17.3%	$31.7M -3.7%	$32.9M -7.4%	$35.6M -7.6%	$38.5M +10.0%	$35.0M
Net Income	$-14.9M -85.7%	$-8.0M -97.9%	$-4.0M -14.2%	$-3.5M -11.2%	$-3.2M -467.4%	$866.9K
Operating Income	$-11.8M -51.1%	$-7.8M -120.2%	$-3.6M -35.3%	$-2.6M -42.6%	$-1.8M -185.9%	$2.1M
EPS (Diluted)	$-0.36 -71.4%	$-0.21 -61.5%	$-0.13 +0.0%	$-0.13 -8.3%	$-0.12 -500.0%	$0.03
Total Assets	$81.5M +69.5%	$48.1M -10.2%	$53.5M +5.6%	$50.7M -7.1%	$54.6M +14.8%	$47.6M
Total Debt	$4.8M +798.0%	$535.0K -79.2%	$2.6M -20.0%	$3.2M -31.4%	$4.7M -13.4%	$5.4M
Operating Cash Flow	$-8.3M -1699.0%	$521.0K +118.5%	$-2.8M -291.9%	$1.5M -69.1%	$4.7M +26.8%	$3.7M

AI Insight: LPTH Financial Trends

Revenue doubled year-over-year to $19M in Q1 2026, but profitability deteriorated sharply and operating cash flow turned negative despite recent equity injection.

• Revenue grew from $9M in Q2 2024 to $19M in Q1 2026, more than doubling over 18 months.

• Operating income swung from –$2M in Q4 2024 to –$9M in Q4 2025, then –$4M in Q1 2026.

• Net losses accumulated to –$32M cumulatively Q2 2024–Q1 2026 despite revenue growth acceleration.

• Equity nearly tripled to $89M in Q1 2026 from $27M in Q4 2024, signaling capital raise.

⚠ Operating cash flow fell –$7M in Q1 2026 after +$3M in Q4 2025—significant deterioration post-capital raise.

⚠ Cumulative net losses of $32M on $19M quarterly revenue suggests unit economics remain deeply unprofitable.

AI Insight: LPTH Ratio Trends

Operating margin recovered sharply to −22.2% in Q1 2026, best in 5 quarters, but company remains deeply unprofitable across all metrics.

• Operating margin improved 30.4pp from Q4 2025 (−52.6%) to Q1 2026 (−22.2%), strongest quarterly result since Q3 2025.

• Net profit margin also recovered to −21.4% in Q1 2026 from −57.5% in Q4 2025, signaling operational stabilization.

• ROE and ROA both improved materially: ROE swung from −48.3% to −18.4%, ROA from −25.3% to −11.4%.

⚠ TTM metrics remain severely negative: OpMargin −31.9%, NPM −37.4%, ROIC −22.4%. Recent quarter gains may not sustain.

⚠ Company has been unprofitable every quarter in dataset; recovery in Q1 2026 is relative improvement, not path to profitability.

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Available Research

13F Pro tracks comprehensive data for LIGHTPATH TECHNOLOGIES INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LPTH

VANGUARD CAPITAL MANAGEMENT LLC
$25.9M2,584,260 sh
GOLDMAN SACHS GROUP INC
$24.8M2,476,899 sh
Hood River Capital Management LLC
$24.4M2,435,763 sh
DRIEHAUS CAPITAL MANAGEMENT LLC
$21.7M2,164,708 sh
AWM Investment Company, Inc.
$20.4M2,037,610 sh
BlackRock, Inc.
$11.4M1,137,792 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$11.0M1,096,300 sh
Portolan Capital Management, LLC
$10.4M1,040,462 sh
ROYCE & ASSOCIATES LP
$9.9M989,621 sh
TUDOR INVESTMENT CORP ET AL
$8.9M883,228 sh

Fund	Value	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$25.9M	2,584,260
GOLDMAN SACHS GROUP INC	$24.8M	2,476,899
Hood River Capital Management LLC	$24.4M	2,435,763
DRIEHAUS CAPITAL MANAGEMENT LLC	$21.7M	2,164,708
AWM Investment Company, Inc.	$20.4M	2,037,610
BlackRock, Inc.	$11.4M	1,137,792
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$11.0M	1,096,300
Portolan Capital Management, LLC	$10.4M	1,040,462
ROYCE & ASSOCIATES LP	$9.9M	989,621
TUDOR INVESTMENT CORP ET AL	$8.9M	883,228

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Is LPTH a good stock to buy?

13F Pro's AI-powered analysis of LIGHTPATH TECHNOLOGIES INC (LPTH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LPTH are available on the LPTH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own LPTH?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LPTH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of LIGHTPATH TECHNOLOGIES INC's investment landscape.