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Lite Strategy (LITS) Financials

$1.27 0.00 (0.00%)
Closing price 10/9/2026 04:00 PM Eastern
Extended Trading
$1.33 +0.06 (+4.96%)
As of 04:15 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Lite Strategy

Annual Income Statements for Lite Strategy

This table shows Lite Strategy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -21 2.67 -40 -17 -47 -41 -54 0.00 0.00 -16 -71
Consolidated Net Income / (Loss)		 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16 -71
Net Income / (Loss) Continuing Operations		 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16 -71
Total Pre-Tax Income 		-21 2.67 -40 -17 -47 -41 -54 -32 18 -16 -71
Total Operating Income		 -21 2.38 -29 -46 -26 -60 -75 -37 15 -17 -67
Total Gross Profit		 0.00 18 -1.76 0.65 25 33 41 49 65 0.00 0.00
Total Revenue		 0.00 23 1.62 4.92 28 35 41 49 65 0.00 0.00
Total Cost of Revenue		 0.00 5.00 3.38 4.26 2.67 1.41 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 21 16 27 47 51 94 116 86 51 17 67
Selling, General & Admin Expense		 7.60 8.63 9.79 15 17 24 31 33 23 14 12
Research & Development Expense		 13 7.24 17 32 34 69 86 52 17 3.92 0.12
Other Operating Expenses / (Income)		 - - - - - - - - - 0.00 54
Total Other Income / (Expense), net		 0.14 0.29 -11 29 -21 19 21 4.93 3.24 1.51 -4.57
Interest & Investment Income		 0.14 0.29 0.59 1.80 1.40 0.51 0.28 3.35 3.28 1.03 0.27
Other Income / (Expense), net		 0.00 - -12 28 -23 19 21 1.60 0.00 0.48 -4.84
Other Gains / (Losses), net		 - - - - - - -0.01 -0.02 -0.04 - 0.00
Basic Earnings per Share		 ($0.61) $0.07 ($0.97) ($0.24) ($0.52) ($0.37) ($8.75) ($4.78) $2.67 ($2.39) ($2.06)
Weighted Average Basic Shares Outstanding		 34.40M 36.81M 41.43M 71.14M 91.08M 112.53M 6.22M 6.66M 6.66M 6.66M 34.56M
Diluted Earnings per Share		 ($0.61) $0.07 ($0.97) ($0.75) ($0.52) ($0.60) ($9.99) ($4.78) $2.67 ($2.39) ($2.06)
Weighted Average Diluted Shares Outstanding		 34.40M 36.94M 41.43M 72.39M 91.08M 114.48M 6.26M 6.66M 6.66M 6.66M 34.56M
Weighted Average Basic & Diluted Shares Outstanding		 34.20M 36.94M 41.30M 73.63M 112.52M 112.68M 133.26M 6.66M 6.66M 35.66M 30.41M

Quarterly Income Statements for Lite Strategy

This table shows Lite Strategy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2025 12/31/2024 3/31/2025 6/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 56 -11 -9.13 -36 -3.64 -2.68 -2.57 13 -24
Consolidated Net Income / (Loss)		 56 -11 -9.13 -18 -3.64 -2.68 -2.57 -2.69 -24
Net Income / (Loss) Continuing Operations		 56 -11 -9.13 -18 -3.64 -2.68 -2.57 -2.69 -24
Total Pre-Tax Income 		56 -11 -9.13 -18 -3.64 -2.68 -2.57 -2.69 -24
Total Operating Income		 55 -12 -9.83 -19 -3.74 -3.45 -2.77 -2.88 -22
Total Gross Profit		 65 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Revenue		 65 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Cost of Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 10 12 9.83 19 3.74 3.45 2.77 2.88 22
Selling, General & Admin Expense		 6.53 8.02 4.61 4.14 3.10 3.14 2.41 2.80 2.74
Research & Development Expense		 3.49 3.91 5.22 3.94 0.01 0.31 0.37 0.08 0.03
Other Operating Expenses / (Income)		 - - - - 0.63 0.00 - - 19
Total Other Income / (Expense), net		 1.09 0.87 0.70 0.57 0.10 0.77 0.20 0.19 -2.08
Interest & Investment Income		 1.09 0.87 0.71 0.61 0.10 0.28 0.20 0.19 0.05
Other Income / (Expense), net		 0.00 -0.00 - - 0.00 0.50 -0.00 - -2.14
Other Gains / (Losses), net		 -0.00 - -0.00 - - - - - 0.00
Basic Earnings per Share		 $8.46 ($1.66) ($1.37) ($5.43) ($0.12) ($0.40) ($0.39) $1.99 ($0.66)
Weighted Average Basic Shares Outstanding		 6.66M 6.66M 6.66M 6.66M 29.48M 6.66M 6.66M 6.66M 35.71M
Diluted Earnings per Share		 $8.46 ($1.66) ($1.37) ($5.43) ($0.12) ($0.40) ($0.39) $1.99 ($0.66)
Weighted Average Diluted Shares Outstanding		 6.66M 6.66M 6.66M 6.66M 29.48M 6.66M 6.66M 6.66M 35.71M
Weighted Average Basic & Diluted Shares Outstanding		 6.66M 6.66M 6.66M 6.66M 36.79M 36.36M 6.66M 35.66M 34.03M

Annual Cash Flow Statements for Lite Strategy

This table details how cash moves in and out of Lite Strategy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 -7.89 -2.38 4.85 -3.72 2.74 -3.79 7.20 1.17 -13 14 -12
Net Cash From Operating Activities		 -18 3.49 -21 -29 34 -32 -49 -52 -50 -21 -9.12
Net Cash From Continuing Operating Activities		 -18 3.49 -21 -29 34 -32 -49 -52 -50 -21 -9.12
Net Income / (Loss) Continuing Operations		 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16 -71
Consolidated Net Income / (Loss)		 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16 -71
Depreciation Expense		 0.06 0.09 0.05 0.08 0.11 0.29 0.33 0.39 0.38 0.37 0.00
Non-Cash Adjustments To Reconcile Net Income		 2.72 2.30 5.58 6.56 4.68 5.52 6.80 15 16 -0.42 63
Changes in Operating Assets and Liabilities, net		 0.22 -1.57 13 -19 77 3.54 -1.42 -37 -84 -4.85 -1.03
Net Cash From Investing Activities		 9.97 -10 -44 24 -106 25 6.89 54 49 35 -95
Net Cash From Continuing Investing Activities		 9.97 -10 -44 24 -106 25 6.89 54 49 35 -95
Purchase of Investments		 -55 -60 -114 -65 -190 -420 -273 -102 -58 0.00 -1.00
Sale of Property, Plant & Equipment		 - - - - - - - 0.00 0.00 0.51 0.00
Sale and/or Maturity of Investments		 65 50 70 89 85 446 280 155 107 35 0.00
Other Investing Activities, net		 - - - - - - - - - 0.00 -94
Net Cash From Financing Activities		 0.00 4.21 70 1.39 75 3.47 49 -0.04 -12 0.00 92
Net Cash From Continuing Financing Activities		 0.00 4.21 70 1.39 75 3.47 49 -0.04 -12 0.00 92
Repurchase of Common Equity		 - - - - -3.73 -0.06 -3.65 - - 0.00 -4.90
Issuance of Common Equity		 0.00 4.21 70 0.22 73 3.20 52 - - 0.00 4.63
Other Financing Activities, net		 0.00 - 0.06 1.17 5.55 0.33 0.38 -0.04 - 0.00 92

Quarterly Cash Flow Statements for Lite Strategy

This table details how cash moves in and out of Lite Strategy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2025 12/31/2024 3/31/2025 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 -14 1.80 -2.81 1.34 -7.90 28 26 -2.46 -1.84
Net Cash From Operating Activities		 -18 -11 -2.93 -18 -4.51 -11 -12 -2.46 -1.16
Net Cash From Continuing Operating Activities		 -18 -11 -2.93 -18 -4.51 -11 -12 -2.46 -1.16
Net Income / (Loss) Continuing Operations		 56 -11 -9.13 -18 -3.64 -7.05 21 -2.69 -13
Consolidated Net Income / (Loss)		 56 -11 -9.13 -18 -3.64 -7.05 21 -2.69 -13
Non-Cash Adjustments To Reconcile Net Income		 0.47 1.58 1.05 13 1.25 -1.76 -30 0.08 11
Changes in Operating Assets and Liabilities, net		 -75 -1.65 5.06 -12 -2.12 -2.18 -3.18 0.15 0.55
Net Cash From Investing Activities		 4.96 25 0.12 20 -100 135 135 - 2.23
Net Cash From Continuing Investing Activities		 4.95 25 0.12 20 -100 135 135 - 2.23
Other Investing Activities, net		 - - - - -100 100 99 - 3.23
Net Cash From Financing Activities		 0.00 -12 - -0.21 97 -97 -97 - -2.90
Net Cash From Continuing Financing Activities		 0.00 -12 - -0.21 97 -97 -97 - -2.90
Repurchase of Common Equity		 - - - - - - 0.20 - -2.90

Annual Balance Sheets for Lite Strategy

This table presents Lite Strategy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Total Assets		 47 56 105 83 210 174 178 121 41 18 43
Total Current Assets		 47 55 104 82 209 165 167 108 41 18 6.14
Cash & Equivalents		 11 8.46 13 9.59 12 8.54 16 17 3.71 18 5.71
Prepaid Expenses		 0.83 1.76 1.59 2.44 2.74 3.81 3.83 6.75 2.42 0.27 0.44
Plant, Property, & Equipment, net		 0.05 0.05 0.03 0.20 1.08 1.51 1.66 1.31 0.39 0.00 0.00
Total Noncurrent Assets		 0.37 0.33 0.30 0.26 0.00 7.77 9.05 12 0.21 0.00 37
Long-Term Investments		 - - - - - - - - - 0.00 1.00
Other Noncurrent Operating Assets		 - - - - 0.00 7.77 9.05 12 0.21 0.00 36
Total Liabilities & Shareholders' Equity		 47 56 105 83 210 174 178 121 41 18 43
Total Liabilities		 5.51 4.87 54 35 133 125 125 96 8.36 1.35 1.07
Total Current Liabilities		 5.51 4.87 7.89 14 14 20 24 20 8.36 1.35 1.07
Accounts Payable		 1.08 0.59 3.64 4.79 2.44 6.36 7.92 6.13 3.17 0.18 0.26
Accrued Expenses		 4.43 3.29 3.45 4.56 6.09 8.40 11 12 5.19 1.18 0.81
Total Noncurrent Liabilities		 0.00 0.00 46 20 119 104 101 76 0.00 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 42 51 50 48 77 49 52 25 33 17 42
Total Preferred & Common Equity		 42 51 50 48 77 49 52 25 33 17 42
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 42 51 50 48 77 49 52 25 33 17 42
Common Stock		 219 225 265 279 355 369 427 431 421 421 522
Retained Earnings		 -177 -174 -214 -231 -278 -320 -374 -406 -388 -404 -475
Treasury Stock		 - - - - - - - - - 0.00 -4.90

Quarterly Balance Sheets for Lite Strategy

This table presents Lite Strategy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 9/30/2025 12/31/2025 3/31/2025 3/31/2026
Total Assets		 101 79 71 113 83 21 58
Total Current Assets		 88 66 59 13 11 21 11
Cash & Equivalents		 3.37 5.17 2.37 10 8.76 20 7.54
Prepaid Expenses		 6.22 6.69 2.81 3.12 2.15 0.31 1.35
Other Current Assets		 - - - - - - 2.08
Plant, Property, & Equipment, net		 1.23 1.14 1.06 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 12 11 11 100 72 0.00 47
Other Noncurrent Operating Assets		 12 11 11 100 72 0.00 8.58
Other Noncurrent Nonoperating Assets		 - - - - - - 38
Total Liabilities & Shareholders' Equity		 101 79 71 113 83 21 58
Total Liabilities		 20 19 20 1.07 1.09 1.24 0.95
Total Current Liabilities		 8.56 8.04 9.62 1.07 1.09 1.24 0.95
Accounts Payable		 3.22 1.38 3.18 0.50 0.33 0.18 0.25
Accrued Expenses		 4.29 5.65 5.39 0.57 0.76 1.06 0.70
Total Noncurrent Liabilities		 11 11 11 0.00 0.00 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 81 59 51 112 82 20 57
Total Preferred & Common Equity		 81 59 51 112 82 20 57
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 81 59 51 112 82 20 57
Common Stock		 431 420 421 520 521 421 521
Retained Earnings		 -350 -361 -370 -408 -439 -401 -462
Treasury Stock		 - - - - - - -2.00

Annual Metrics And Ratios for Lite Strategy

This table displays calculated financial ratios and metrics derived from Lite Strategy's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
DEI Shares Outstanding		 34,155,997.00 36,772,428.00 37,323,441.00 71,290,460.00 105,998,677.00 112,591,778.00 133,152,045.00 6,662,857.00 6,662,857.00 6,662,857.00 34,025,200.00
DEI Adjusted Shares Outstanding		 1,707,800.00 1,838,621.00 1,866,172.00 3,564,523.00 5,299,934.00 5,629,589.00 6,657,602.00 6,662,857.00 6,662,857.00 6,662,857.00 34,025,200.00
DEI Earnings Per Adjusted Shares Outstanding		 -12.22 1.45 -21.47 -4.72 -8.90 -7.34 -8.18 0.00 0.00 0.00 -2.09
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% -93.02% 203.02% 464.72% 25.36% 16.96% 19.95% 33.76% -100.00% 0.00%
EBITDA Growth		 35.96% 111.79% -1,744.59% 54.36% -161.47% 14.29% -31.00% 36.08% 142.92% -211.24% -330.15%
EBIT Growth		 35.91% 111.35% -1,805.45% 54.22% -160.93% 13.90% -30.89% 35.76% 141.36% -216.70% -320.82%
NOPAT Growth		 35.91% 116.21% -939.67% -61.78% 44.43% -135.14% -24.92% 51.30% 156.51% -184.02% -281.42%
Net Income Growth		 36.19% 112.80% -1,600.67% 58.02% -180.47% 12.42% -31.81% 41.53% 155.84% -189.69% -346.22%
EPS Growth		 47.41% 111.48% -1,485.71% 22.68% 30.67% -15.38% -31.81% 52.15% 155.86% -189.51% 13.81%
Operating Cash Flow Growth		 36.38% 119.52% -703.41% -39.88% 216.43% -193.30% -52.50% -7.67% 3.83% 58.70% 56.24%
Free Cash Flow Firm Growth		 36.04% 105.85% 3,400.36% -296.63% 205.04% -171.95% -27.45% 9.75% -11.28% 70.71% -401.72%
Invested Capital Growth		 -6.97% 36.08% -1,817.27% 49.20% -297.49% 1.52% 3.00% 24.56% 93.00% 79.72% 3,333.06%
Revenue Q/Q Growth		 0.00% 1.97% 6.50% 13.43% 511.50% -32.68% 10.78% -16.94% -2.18% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 133.81% -59.44% 55.77% -87.11% 22.55% -18.12% 13.00% -34.53% 49.79% 0.00%
EBIT Q/Q Growth		 0.00% 138.16% -59.12% 55.65% -86.68% 22.35% -18.03% 12.84% -35.20% 49.43% 0.00%
NOPAT Q/Q Growth		 0.00% 138.07% -11.88% -10.19% 47.47% -80.52% -0.97% 12.22% -35.20% 47.98% 0.00%
Net Income Q/Q Growth		 0.00% 114.80% -59.27% 57.01% -92.65% 21.41% -16.43% 15.93% -32.03% 49.64% 0.00%
EPS Q/Q Growth		 0.00% 600.00% -44.78% 25.74% -6.12% -27.66% -16.43% 15.85% -69.31% 67.79% 0.00%
Operating Cash Flow Q/Q Growth		 15.43% 10.70% -1.63% -18.44% 179.82% -166.03% -9.54% 7.41% -15.30% 42.71% 12.45%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 279.56% -594.86% 201.11% -156.34% 20.92% 4.47% -13.04% 41.37% 0.00%
Invested Capital Q/Q Growth		 0.00% -46.77% -1,489.66% 40.19% -476.88% 13.12% 0.39% 2.08% 3.59% -16.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 78.49% -108.57% 13.27% 90.38% 95.95% 100.00% 100.00% 100.00% 0.00% 0.00%
EBITDA Margin		 0.00% 10.62% -2,503.39% -377.07% -174.59% -119.36% -133.69% -71.24% 22.86% 0.00% 0.00%
Operating Margin		 0.00% 10.25% -1,762.39% -940.90% -92.58% -173.65% -185.48% -75.31% 22.27% 0.00% 0.00%
EBIT Margin		 0.00% 10.25% -2,506.66% -378.70% -174.98% -120.17% -134.49% -72.03% 22.27% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 11.48% -2,470.28% -342.20% -169.96% -118.73% -133.80% -65.22% 27.23% 0.00% 0.00%
Tax Burden Percent		 100.00% 99.96% 100.00% 100.01% 100.00% 100.00% 100.00% 100.00% 99.77% 100.00% 100.00%
Interest Burden Percent		 99.32% 112.04% 98.55% 90.36% 97.13% 98.80% 99.49% 90.55% 122.53% 93.95% 99.63%
Effective Tax Rate		 0.00% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -41.13% 5.77% -79.11% -34.19% -75.48% -65.30% -106.90% -82.66% 61.68% -63.84% -243.02%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -236.56%
Operating Return on Assets (OROA)		 0.00% 4.64% -50.71% -19.87% -33.22% -21.79% -31.10% -23.55% 17.93% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 5.19% -49.97% -17.96% -32.27% -21.53% -30.95% -21.32% 21.92% 0.00% 0.00%
Return on Common Equity (ROCE)		 -41.13% 5.77% -79.11% -34.19% -75.48% -65.30% -106.90% -82.66% 61.68% -63.84% -243.02%
Return on Equity Simple (ROE_SIMPLE)		 -50.09% 5.25% -79.41% -35.09% -61.22% -83.52% -103.89% -129.30% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -15 2.38 -20 -32 -18 -42 -53 -26 15 -12 -47
NOPAT Margin		 0.00% 10.25% -1,233.67% -658.63% -64.81% -121.56% -129.83% -52.72% 22.27% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -11.23% 0.58% -25.66% 17.55% -22.70% 0.58% -1.05% -4.81% 4.65% -13.22% -198.62%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 44.04% -72.17% -111.97%
Cost of Revenue to Revenue		 0.00% 21.51% 208.57% 86.73% 9.62% 4.05% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 37.11% 603.39% 296.99% 60.23% 70.16% 75.04% 67.87% 35.68% 0.00% 0.00%
R&D to Revenue		 0.00% 31.13% 1,050.43% 657.17% 122.73% 199.44% 210.44% 107.44% 25.36% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 68.24% 1,653.82% 954.16% 182.96% 269.61% 285.48% 175.31% 77.73% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -21 2.38 -41 -19 -49 -42 -55 -35 15 -17 -71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -21 2.47 -41 -19 -48 -42 -54 -35 15 -17 -71
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.87 1.34 2.26 2.89 4.41 5.04 1.19 1.38 0.59 0.97 0.75
Price to Tangible Book Value (P/TBV)		 0.87 1.35 2.28 2.90 4.41 5.04 1.19 1.38 0.59 0.97 0.75
Price to Revenue (P/Rev)		 0.00 2.94 70.43 28.17 12.25 7.16 1.54 0.70 0.30 0.00 0.00
Price to Earnings (P/E)		 0.00 25.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 60.14% 0.00% 0.00%
Earnings Yield		 0.00% 3.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.71
Enterprise Value to Revenue (EV/Rev)		 0.00 0.63 7.08 13.01 5.67 2.75 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 5.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 6.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 6.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 4.22 0.00 0.00 4.60 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 17.42 0.39 0.00 2.58 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.08 -1.08 -1.54 -1.80 -2.06 -2.66 -3.01 -3.30 -2.41 -1.13 -0.42
Leverage Ratio		 1.10 1.11 1.58 1.90 2.34 3.03 3.45 3.88 2.81 1.19 1.04
Compound Leverage Factor		 1.10 1.25 1.56 1.72 2.27 3.00 3.44 3.51 3.45 1.12 1.04
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -1.75 5.68 -1.76 -1.22 0.16 -0.97 -2.47 -4.18 -8.07 -25.60 -3.35
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 8.48 11.37 13.23 5.75 15.17 8.15 6.84 5.29 4.88 13.50 5.74
Quick Ratio		 8.33 11.01 13.03 5.21 13.28 7.97 6.68 4.95 4.59 13.30 5.34
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -14 0.84 30 -58 61 -44 -56 -51 -56 -16 -83
Operating Cash Flow to CapEx		 -446,425.00% 6,835.29% 0.00% -13,558.99% 3,831.99% -4,514.69% -10,176.62% -149,954.29% -721,042.86% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.45 0.02 0.05 0.19 0.18 0.23 0.33 0.81 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 4.62 9.64 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 469.68 39.56 41.65 43.10 26.86 25.70 32.88 76.77 0.00 0.00
Accounts Payable Turnover		 0.00 6.01 1.60 1.01 0.74 0.32 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 79.04 37.87 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 60.74 228.08 360.89 493.59 1,139.59 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 -60.74 -228.08 -360.89 -493.59 -1,139.59 79.04 37.87 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -4.27 -2.73 -52 -27 -106 -104 -101 -76 -5.33 -1.08 35
Invested Capital Turnover		 0.00 -6.65 -0.06 -0.12 -0.42 -0.33 -0.40 -0.55 -1.60 0.00 0.00
Increase / (Decrease) in Invested Capital		 -0.28 1.54 -50 26 -79 1.61 3.12 25 71 4.25 36
Enterprise Value (EV)		 -9.83 15 11 64 157 96 -91 -67 -19 -1.55 25
Market Capitalization		 36 68 114 138 340 249 63 34 19 16 31
Book Value per Share		 $1.22 $1.38 $1.35 $0.67 $0.73 $0.44 $0.39 $3.70 $4.96 $2.54 $1.22
Tangible Book Value per Share		 $1.21 $1.37 $1.34 $0.67 $0.73 $0.44 $0.39 $3.70 $4.96 $2.54 $1.22
Total Capital		 42 51 50 48 77 49 52 25 33 17 42
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -46 -54 -103 -74 -183 -153 -153 -101 -38 -18 -6.71
Capital Expenditures (CapEx)		 0.00 0.05 0.00 0.22 0.89 0.71 0.48 0.04 0.01 -0.51 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4.68 -3.11 -6.30 -6.59 12 -8.82 -11 -14 -5.93 -1.08 -0.63
Debt-free Net Working Capital (DFNWC)		 41 50 96 68 195 145 143 87 32 17 5.07
Net Working Capital (NWC)		 41 50 96 68 195 145 143 87 32 17 5.07
Net Nonoperating Expense (NNE)		 6.16 -0.29 20 -16 29 -0.98 1.62 6.10 -3.24 3.73 25
Net Nonoperating Obligations (NNO)		 -46 -54 -103 -74 -183 -153 -153 -101 -38 -18 -6.71
Total Depreciation and Amortization (D&A)		 0.06 0.09 0.05 0.08 0.11 0.29 0.33 0.39 0.38 0.37 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -13.37% -388.35% -134.12% 44.16% -25.35% -25.97% -27.67% -9.08% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 217.03% 5,945.99% 1,381.42% 702.15% 415.58% 350.60% 178.61% 49.64% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 217.03% 5,945.99% 1,381.42% 702.15% 415.58% 350.60% 178.61% 49.64% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($12.20) $1.40 ($19.40) ($4.80) ($10.20) $0.00 ($8.80) ($4.78) $2.67 ($2.39) ($2.06)
Adjusted Weighted Average Basic Shares Outstanding		 1.84M 1.84M 2.07M 3.56M 4.55M 0.00 6.22M 6.66M 6.66M 6.66M 34.56M
Adjusted Diluted Earnings per Share		 ($12.20) $1.40 ($19.40) ($15.00) ($10.20) $0.00 ($10.00) ($4.78) $2.67 ($2.39) ($2.06)
Adjusted Weighted Average Diluted Shares Outstanding		 1.84M 1.85M 2.07M 3.62M 4.55M 0.00 6.26M 6.66M 6.66M 6.66M 34.56M
Adjusted Basic & Diluted Earnings per Share		 ($12.20) $0.00 ($19.40) ($4.80) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.72M 1.85M 3.55M 3.68M 5.63M 0.00 6.66M 6.66M 6.66M 35.66M 30.41M
Normalized Net Operating Profit after Tax (NOPAT)		 -15 2.38 -20 -32 -18 -42 -53 -26 18 -12 -47
Normalized NOPAT Margin		 0.00% 10.25% -1,233.67% -658.63% -64.81% -121.56% -129.83% -52.72% 27.27% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 11.49% -2,470.22% -342.18% -169.96% -118.73% -133.80% -65.22% 27.29% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 65.59% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% -7.91% -0.15% -6.71% 0.00% 65.59% 0.00% -6.88%

Quarterly Metrics And Ratios for Lite Strategy

This table displays calculated financial ratios and metrics derived from Lite Strategy's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2025 3/31/2025 6/30/2025 3/31/2026
DEI Shares Outstanding		 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 36,361,999.00
DEI Adjusted Shares Outstanding		 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 6,662,857.00 36,361,999.00
DEI Earnings Per Adjusted Shares Outstanding		 8.46 -1.66 -1.37 -5.43 -1.20 -0.40 -0.39 1.99 -0.65
Growth Metrics		 - - - - - - - - -
Revenue Growth		 647.96% -100.00% -100.00% 0.00% -100.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 425.64% -224.65% 40.21% -71.69% -114.44% -160.48% 75.30% 84.74% -886.62%
EBIT Growth		 423.24% -226.77% 40.03% -71.30% -115.13% -158.62% 71.77% 84.84% -755.78%
NOPAT Growth		 533.46% -193.56% 40.03% -71.30% -110.58% -150.35% 71.78% 84.84% -679.02%
Net Income Growth		 439.11% -207.90% 40.88% -83.53% -114.20% -178.40% 71.81% 85.40% -820.87%
EPS Growth		 439.76% -207.79% 40.95% -266.06% -114.18% 50.60% 71.53% 136.65% -69.23%
Operating Cash Flow Growth		 -25.09% 22.53% 75.86% -59.26% 38.08% 82.55% -307.99% 86.33% 0.00%
Free Cash Flow Firm Growth		 149.31% -203.91% -125.65% -158.35% -293.94% -11.68% 91.73% 92.55% -314.98%
Invested Capital Growth		 0.00% 100.01% 92.89% 93.00% 12,246.97% 913,550.00% 83.14% 79.72% 1,287.54%
Revenue Q/Q Growth		 4,381.61% -100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 604.17% -121.40% 17.76% -93.52% 57.60% -815.43% 92.20% -3.75% 0.00%
EBIT Q/Q Growth		 598.93% -121.58% 17.62% -93.10% 55.94% -725.33% 91.01% -3.75% 0.00%
NOPAT Q/Q Growth		 812.75% -115.11% 17.61% -93.10% 56.00% -698.80% 90.71% -3.75% 0.00%
Net Income Q/Q Growth		 662.11% -119.62% 17.50% -101.67% 56.50% -746.36% 91.65% -4.47% 0.00%
EPS Q/Q Growth		 158.72% -119.62% 17.47% -296.35% 77.90% -583.33% 52.44% 610.26% 0.00%
Operating Cash Flow Q/Q Growth		 -63.61% 40.21% 73.51% -514.72% 36.39% 57.21% -12.61% 24.67% 0.00%
Free Cash Flow Firm Q/Q Growth		 272.55% -249.96% 6.08% -6.31% -29.53% 11.01% 93.05% 4.20% 0.00%
Invested Capital Q/Q Growth		 98.89% 100.95% -69,137.50% 3.59% 2,018.42% -28.45% -101.27% -16.00% 0.00%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 84.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 84.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 84.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 86.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.22% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 101.98% 92.72% 92.86% 96.76% 95.75% 99.81% 92.72% 93.40% 99.77%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 50.59% 36.80% 61.27% 61.68% -43.62% -87.69% -89.74% -63.84% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% -749,087.50% 0.00% 0.00% -131.30% -319.49% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 88.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 89.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 50.59% 36.80% 61.27% 61.68% -43.62% -87.69% -89.74% -63.84% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 50.59% 33.36% 51.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 55 -8.35 -6.88 -13 -5.85 -21 -1.94 -2.01 -15
NOPAT Margin		 84.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 2.66% -2.95% -2.67% -7.36% -4.68% -28.99% -1.64% -2.39% -25.86%
Return On Investment Capital (ROIC_SIMPLE)		 - -14.04% -13.48% -40.24% -5.21% -25.54% -9.94% -11.90% -26.61%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 10.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 5.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 15.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 55 -12 -9.83 -19 -8.36 -31 -2.78 -2.88 -24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 55 -12 -9.74 -19 -7.99 -31 -2.41 -2.88 -24
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.45 0.65 0.52 0.59 0.17 0.59 0.75 0.97 0.74
Price to Tangible Book Value (P/TBV)		 0.45 0.65 0.52 0.59 0.17 0.59 0.75 0.97 0.74
Price to Revenue (P/Rev)		 0.34 0.53 0.40 0.30 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.50 0.75 0.46 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 30.17% 43.75% 60.14% 61.40% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 201.20% 133.74% 217.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.09 0.54 0.00 0.00 3.13
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.01 -1.70 -1.97 -2.41 -0.48 -0.48 -1.09 -1.13 -0.87
Leverage Ratio		 1.24 2.10 2.41 2.81 1.11 1.14 1.30 1.19 1.03
Compound Leverage Factor		 1.27 1.94 2.23 2.72 1.06 1.14 1.21 1.12 1.03
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.05 -3.90 -5.16 -10.74 5.52 18.31 -19.29 -23.06 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 10.32 8.23 6.17 4.88 12.39 10.04 16.78 13.50 11.53
Quick Ratio		 9.60 7.40 5.88 4.59 9.47 8.06 16.54 13.30 7.92
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 56 -84 -79 -84 -109 -94 -6.53 -6.26 -27
Operating Cash Flow to CapEx		 -264,157.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 1.04 0.64 0.65 0.81 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 85.75 55.88 55.08 76.77 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 -0.84 0.01 -5.52 -5.33 102 73 -0.93 -1.08 11
Invested Capital Turnover		 -250.61 -1.92 -1.60 -1.60 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -0.84 76 72 71 103 73 4.59 4.25 12
Enterprise Value (EV)		 -46 -21 -30 -19 8.88 40 -5.88 -1.55 35
Market Capitalization		 36 39 27 19 19 49 15 16 42
Book Value per Share		 $12.21 $8.93 $7.66 $4.96 $16.85 $2.23 $2.93 $2.54 $1.56
Tangible Book Value per Share		 $12.21 $8.93 $7.66 $4.96 $16.85 $2.23 $2.93 $2.54 $1.56
Total Capital		 81 59 51 33 112 82 20 17 57
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -82 -59 -57 -38 -10 -8.76 -20 -18 -7.54
Capital Expenditures (CapEx)		 0.01 0.00 0.00 0.00 -0.01 0.00 -0.51 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.34 -1.35 -6.80 -5.93 2.06 1.07 -0.93 -1.08 2.48
Debt-free Net Working Capital (DFNWC)		 80 58 50 32 12 9.83 20 17 10
Net Working Capital (NWC)		 80 58 50 32 12 9.83 20 17 10
Net Nonoperating Expense (NNE)		 -1.09 2.71 2.25 5.12 2.16 9.89 0.63 0.67 8.57
Net Nonoperating Obligations (NNO)		 -82 -59 -57 -38 -10 -8.76 -20 -18 -46
Total Depreciation and Amortization (D&A)		 0.09 0.09 0.09 0.13 0.37 0.00 0.37 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 -2.22% -1.85% -10.19% -9.08% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 75.78% 80.02% 74.53% 49.64% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 75.78% 80.02% 74.53% 49.64% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $8.46 ($1.66) ($1.37) ($5.43) ($1.20) ($0.82) ($0.39) $1.99 ($0.66)
Adjusted Weighted Average Basic Shares Outstanding		 6.66M 6.66M 6.66M 6.66M 6.66M 37.37M 6.66M 6.66M 35.71M
Adjusted Diluted Earnings per Share		 $8.46 ($1.66) ($1.37) ($5.43) ($1.20) ($0.82) ($0.39) $1.99 ($0.66)
Adjusted Weighted Average Diluted Shares Outstanding		 6.66M 6.66M 6.66M 6.66M 6.66M 37.37M 6.66M 6.66M 35.71M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($5.43) $0.00 $0.00 $0.00 $1.99 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 6.66M 6.66M 6.66M 6.66M 36.79M 36.36M 6.66M 35.66M 34.03M
Normalized Net Operating Profit after Tax (NOPAT)		 39 -8.35 -6.88 -13 -5.85 -21 -1.94 -2.01 -15
Normalized NOPAT Margin		 59.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 86.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 58.76% 44.58% 65.59% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 58.76% 44.58% 65.59% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Lite Strategy (NASDAQ:LITS) remains unprofitable and highly dependent on its balance sheet rather than recurring operations. Reported revenue was $0 in the latest available income statements, while the company posted a $23.7 million net loss in Q3 2026. This compares with losses of $2.7 million in Q4 2025 and $2.6 million in Q3 2025. The latest quarter was further pressured by $18.8 million of other operating expenses.

Cash flow trends remain concerning, although the quarterly operating cash burn improved. Net cash used in operating activities was $1.2 million in Q4 2026, compared with $2.5 million in Q4 2025, $11.9 million in Q3 2025, and $18.0 million in Q4 2024. However, the company continues to consume cash without generating revenue, and its recent investing cash inflows appear tied primarily to asset or investment transactions rather than operating performance.

The balance sheet shows limited debt but a sharp decline in liquidity. Cash fell from $88.4 million at September 30, 2023, to $20.5 million at March 31, 2025, and $7.5 million at March 31, 2026. Based on the $1.8 million decrease in cash during Q4 2026, cash may have declined to approximately $5.7 million by June 30, although a Q4 balance sheet was not provided.

  • Operating cash burn improved: Q4 2026 operating cash outflow of $1.2 million was roughly half the $2.5 million outflow recorded in Q4 2025 and substantially below the $11.9 million outflow in Q3 2025.
  • Debt levels are low: Total liabilities were $952,000 at March 31, 2026, with no reported noncurrent liabilities. This limits near-term interest and repayment pressure.
  • Share repurchases resumed: The company repurchased approximately $2.9 million of common stock in Q4 2026, which could support per-share value if the company’s financial position remains stable.
  • General and administrative spending has moderated: SG&A expense declined to $2.7 million in Q3 2026 from $4.6 million in Q3 2024, indicating some reduction in overhead.
  • Investing activities provided cash in recent periods: Q4 2026 investing cash flow was positive $2.2 million, while Q3 2025 and Q2 2025 also included substantial investing inflows. These proceeds may provide temporary liquidity, but the data does not establish a recurring source of cash generation.
  • Equity remains positive: Total common equity was $56.8 million at March 31, 2026, compared with $19.5 million a year earlier. However, the increase is influenced by changes in reported assets and equity accounts rather than sustained earnings.
  • The company has no recent recurring revenue: Revenue was reported as $0 in Q2 and Q3 2025 and Q3 2026. The $65.3 million of revenue reported in Q1 2024 appears to have been a one-time event rather than an ongoing business stream.
  • Net losses remain persistent: LITS reported losses in nearly every recent operating quarter, including $23.7 million in Q3 2026 and $13.0 million of consolidated net loss in Q4 2026 cash-flow data.
  • Liquidity has deteriorated sharply: Cash and equivalents declined from $78.8 million at September 30, 2023, to $7.5 million at March 31, 2026. Continued operating losses could require additional financing or asset sales.
  • Recent losses include significant nonrecurring or unclear charges: Other operating expenses reached $18.8 million in Q3 2026, while other income and expense produced a net loss of $2.1 million. The size and volatility of these items make underlying performance difficult to assess.

Overall, the financial trend is unfavorable for investors. Lower operating expenses and reduced quarterly cash burn are constructive, but they have not offset the absence of recurring revenue, continuing losses, and the substantial depletion of cash reserves. Investors should pay close attention to the next balance sheet, the explanation for the large operating charges, and whether management can establish a sustainable source of revenue or cash flow.

Note: The supplied records contain inconsistent company names and reporting labels, including references to MEI Pharma, Inc. and Lite Strategy, Inc., as well as restated periods. The analysis above follows the ticker and values provided for LITS.

10/12/26 04:21 AM ETAI Generated. May Contain Errors.

Lite Strategy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lite Strategy's financial year ends in June. Their financial year 2026 ended on June 30, 2026.

Lite Strategy's net income appears to be on a downward trend, with a most recent value of -$71.15 million in 2026, falling from -$20.86 million in 2016. The previous period was -$15.95 million in 2025. View Lite Strategy's forecast to see where analysts expect Lite Strategy to go next.

Lite Strategy's total operating income in 2026 was -$66.58 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $66.58 million

Over the last 10 years, Lite Strategy's total revenue changed from $0.00 in 2016 to $0.00 in 2026, a change of 0.0%.

In the past 10 quarters, Lite Strategy's cash and equivalents has ranged from $2.37 million in Q3 2024 to $20.47 million in Q3 2025, and is currently $7.54 million as of their latest financial filing in Q3 2026.

Lite Strategy had total debt of $0.00 at the end of 2026, compared with none in 2025, and none in 2016.

Over the last 10 years, Lite Strategy's book value per share changed from 1.22 in 2016 to 1.22 in 2026, a change of 0.3%.


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Financial statements for NASDAQ:LITS last updated on 9/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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