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Lite Strategy (LITS) Financials

$1.03 +0.03 (+3.00%)
Closing price 07/22/2026 04:00 PM Eastern
Extended Trading
$1.06 +0.02 (+2.43%)
As of 07/22/2026 07:34 PM 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 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
Net Income / (Loss) Attributable to Common Shareholders		 -33 -21 2.67 -40 -17 -47 -41 -54 0.00 0.00 0.00
Consolidated Net Income / (Loss)		 -33 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16
Net Income / (Loss) Continuing Operations		 -33 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16
Total Pre-Tax Income 		-33 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16
Total Operating Income		 -33 -21 2.38 -29 -46 -26 -60 -75 -37 15 -17
Total Gross Profit		 0.00 0.00 18 -1.76 0.65 25 33 41 49 65 0.00
Total Revenue		 0.00 0.00 23 1.62 4.92 28 35 41 49 65 0.00
Operating Revenue		 0.00 0.00 23 1.62 4.92 28 35 41 49 65 0.00
Total Cost of Revenue		 0.00 0.00 5.00 3.38 4.26 2.67 1.41 0.00 0.00 0.00 0.00
Total Operating Expenses		 33 21 16 27 47 51 94 116 86 51 17
Selling, General & Admin Expense		 8.95 7.60 8.63 9.79 15 17 24 31 33 23 14
Research & Development Expense		 24 13 7.24 17 32 34 69 86 52 17 3.92
Impairment Charge		 - - - - - - - - 0.00 11 0.00
Total Other Income / (Expense), net		 0.08 0.14 0.29 -11 29 -21 19 21 4.93 3.24 1.51
Interest & Investment Income		 0.08 0.14 0.29 0.59 1.80 1.40 0.51 0.28 3.35 3.28 1.03
Other Income / (Expense), net		 - 0.00 - -12 28 -23 19 21 1.60 0.00 0.48
Basic Earnings per Share		 ($1.16) ($0.61) $0.07 ($0.97) ($0.24) ($0.52) ($0.37) ($8.75) ($4.78) $2.67 ($2.39)
Weighted Average Basic Shares Outstanding		 28.20M 34.40M 36.81M 41.43M 71.14M 91.08M 112.53M 6.22M 6.66M 6.66M 6.66M
Diluted Earnings per Share		 ($1.16) ($0.61) $0.07 ($0.97) ($0.75) ($0.52) ($0.60) ($9.99) ($4.78) $2.67 ($2.39)
Weighted Average Diluted Shares Outstanding		 28.20M 34.40M 36.94M 41.43M 72.39M 91.08M 114.48M 6.26M 6.66M 6.66M 6.66M
Weighted Average Basic & Diluted Shares Outstanding		 28.20M 34.20M 36.94M 41.30M 73.63M 112.52M 112.68M 133.26M 6.66M 6.66M 35.66M

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 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
Net Change in Cash & Equivalents		 4.95 -7.89 -2.38 4.85 -3.72 2.74 -3.79 7.20 1.17 -13 14
Net Cash From Operating Activities		 -28 -18 3.49 -21 -29 34 -32 -49 -52 -50 -21
Net Cash From Continuing Operating Activities		 -28 -18 3.49 -21 -29 34 -32 -49 -52 -50 -21
Net Income / (Loss) Continuing Operations		 -33 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16
Consolidated Net Income / (Loss)		 -33 -21 2.67 -40 -17 -47 -41 -54 -32 18 -16
Depreciation Expense		 0.06 0.06 0.09 0.05 0.08 0.11 0.29 0.33 0.39 0.38 0.37
Non-Cash Adjustments To Reconcile Net Income		 4.22 2.72 2.30 5.58 6.56 4.68 5.52 6.80 15 16 -0.42
Changes in Operating Assets and Liabilities, net		 0.35 0.22 -1.57 13 -19 77 3.54 -1.42 -37 -84 -4.85
Net Cash From Investing Activities		 -10 9.97 -10 -44 24 -106 25 6.89 54 49 35
Net Cash From Continuing Investing Activities		 -10 9.97 -10 -44 24 -106 25 6.89 54 49 35
Purchase of Property, Plant & Equipment		 -0.02 -0.00 -0.05 0.00 -0.22 -0.89 -0.71 -0.48 -0.04 -0.01 0.00
Purchase of Investments		 -70 -55 -60 -114 -65 -190 -420 -273 -102 -58 0.00
Sale of Property, Plant & Equipment		 - - - - - - - - 0.00 0.00 0.51
Sale and/or Maturity of Investments		 60 65 50 70 89 85 446 280 155 107 35
Net Cash From Financing Activities		 43 0.00 4.21 70 1.39 75 3.47 49 -0.04 -12 0.00
Net Cash From Continuing Financing Activities		 43 0.00 4.21 70 1.39 75 3.47 49 -0.04 -12 0.00
Repayment of Debt		 - - - - - - - - 0.00 -0.21 0.00
Payment of Dividends		 - - - - - - - - 0.00 -12 0.00

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
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -14 1.80 -2.81 1.34 3.25 28 26 -2.46
Net Cash From Operating Activities		 -18 -11 -2.93 -18 -11 -11 -12 -2.46
Net Cash From Continuing Operating Activities		 -18 -11 -2.93 -18 -11 -11 -12 -2.46
Net Income / (Loss) Continuing Operations		 56 -11 -9.13 -18 -8.01 -7.05 21 -2.69
Consolidated Net Income / (Loss)		 56 -11 -9.13 -18 -8.01 -7.05 21 -2.69
Non-Cash Adjustments To Reconcile Net Income		 0.47 1.58 1.05 13 0.09 -1.76 -30 0.08
Changes in Operating Assets and Liabilities, net		 -75 -1.65 5.06 -12 -3.90 -2.18 -3.18 0.15

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 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
Total Assets		 65 47 56 105 83 210 174 178 121 41 18
Total Current Assets		 64 47 55 104 82 209 165 167 108 41 18
Cash & Equivalents		 19 11 8.46 13 9.59 12 8.54 16 17 3.71 18
Prepaid Expenses		 0.50 0.83 1.76 1.59 2.44 2.74 3.81 3.83 6.75 2.42 0.27
Other Current Assets		 - - - - 5.27 2.86 - - - - 0.00
Plant, Property, & Equipment, net		 0.07 0.05 0.05 0.03 0.20 1.08 1.51 1.66 1.31 0.39 0.00
Total Noncurrent Assets		 0.40 0.37 0.33 0.30 0.26 0.00 7.77 9.05 12 0.21 0.00
Other Noncurrent Operating Assets		 - - - - - 0.00 7.77 9.05 12 0.21 0.00
Other Noncurrent Nonoperating Assets		 - - - - - - - - - - 0.00
Total Liabilities & Shareholders' Equity		 65 47 56 105 83 210 174 178 121 41 18
Total Liabilities		 4.96 5.51 4.87 54 35 133 125 125 96 8.36 1.35
Total Current Liabilities		 4.96 5.51 4.87 7.89 14 14 20 24 20 8.36 1.35
Accounts Payable		 0.86 1.08 0.59 3.64 4.79 2.44 6.36 7.92 6.13 3.17 0.18
Accrued Expenses		 4.10 4.43 3.29 3.45 4.56 6.09 8.40 11 12 5.19 1.18
Total Noncurrent Liabilities		 0.00 0.00 0.00 46 20 119 104 101 76 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		 60 42 51 50 48 77 49 52 25 33 17
Total Preferred & Common Equity		 60 42 51 50 48 77 49 52 25 33 17
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		 60 42 51 50 48 77 49 52 25 33 17
Common Stock		 216 219 225 265 279 355 369 427 431 421 421
Retained Earnings		 -156 -177 -174 -214 -231 -278 -320 -374 -406 -388 -404
Treasury Stock		 - - - - - - - - - - 0.00

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 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
DEI Shares Outstanding		 34,155,997.00 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
DEI Adjusted Shares Outstanding		 1,707,800.00 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
DEI Earnings Per Adjusted Shares Outstanding		 -19.14 -12.22 1.45 -21.47 -4.72 -8.90 -7.34 -8.18 0.00 0.00 0.00
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% -93.02% 203.02% 464.72% 25.36% 16.96% 19.95% 33.76% -100.00%
EBITDA Growth		 -20.34% 35.96% 111.79% -1,744.59% 54.36% -161.47% 14.29% -31.00% 36.08% 142.92% -211.24%
EBIT Growth		 -20.36% 35.91% 111.35% -1,805.45% 54.22% -160.93% 13.90% -30.89% 35.76% 141.36% -216.70%
NOPAT Growth		 -20.36% 35.91% 116.21% -939.67% -61.78% 44.43% -135.14% -24.92% 51.30% 156.51% -184.02%
Net Income Growth		 -20.43% 36.19% 112.80% -1,600.67% 58.02% -180.47% 12.42% -31.81% 41.53% 155.84% -189.69%
EPS Growth		 14.07% 47.41% 111.48% -1,485.71% 22.68% 30.67% -15.38% -31.81% 52.15% 155.86% -189.51%
Operating Cash Flow Growth		 -44.31% 36.38% 119.52% -703.41% -39.88% 216.43% -193.30% -52.50% -7.67% 3.83% 58.70%
Free Cash Flow Firm Growth		 -39.56% 36.04% 105.85% 3,400.36% -296.63% 205.04% -171.95% -27.45% 9.75% -11.28% 70.71%
Invested Capital Growth		 -10.75% -6.97% 36.08% -1,817.27% 49.20% -297.49% 1.52% 3.00% 24.56% 93.00% 79.72%
Revenue Q/Q Growth		 0.00% 0.00% 1.97% 6.50% 13.43% 511.50% -32.68% 10.78% -16.94% -2.18% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 133.81% -59.44% 55.77% -87.11% 22.55% -18.12% 13.00% -34.53% 49.79%
EBIT Q/Q Growth		 0.00% 0.00% 138.16% -59.12% 55.65% -86.68% 22.35% -18.03% 12.84% -35.20% 49.43%
NOPAT Q/Q Growth		 0.00% 0.00% 138.07% -11.88% -10.19% 47.47% -80.52% -0.97% 12.22% -35.20% 47.98%
Net Income Q/Q Growth		 0.00% 0.00% 114.80% -59.27% 57.01% -92.65% 21.41% -16.43% 15.93% -32.03% 49.64%
EPS Q/Q Growth		 0.00% 0.00% 600.00% -44.78% 25.74% -6.12% -27.66% -16.43% 15.85% -69.31% 67.79%
Operating Cash Flow Q/Q Growth		 -3.28% 15.43% 10.70% -1.63% -18.44% 179.82% -166.03% -9.54% 7.41% -15.30% 42.71%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 279.56% -594.86% 201.11% -156.34% 20.92% 4.47% -13.04% 41.37%
Invested Capital Q/Q Growth		 0.00% 0.00% -46.77% -1,489.66% 40.19% -476.88% 13.12% 0.39% 2.08% 3.59% -16.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 78.49% -108.57% 13.27% 90.38% 95.95% 100.00% 100.00% 100.00% 0.00%
EBITDA Margin		 0.00% 0.00% 10.62% -2,503.39% -377.07% -174.59% -119.36% -133.69% -71.24% 22.86% 0.00%
Operating Margin		 0.00% 0.00% 10.25% -1,762.39% -940.90% -92.58% -173.65% -185.48% -75.31% 22.27% 0.00%
EBIT Margin		 0.00% 0.00% 10.25% -2,506.66% -378.70% -174.98% -120.17% -134.49% -72.03% 22.27% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 11.48% -2,470.28% -342.20% -169.96% -118.73% -133.80% -65.22% 27.23% 0.00%
Tax Burden Percent		 100.00% 100.00% 99.96% 100.00% 100.01% 100.00% 100.00% 100.00% 100.00% 99.77% 100.00%
Interest Burden Percent		 99.76% 99.32% 112.04% 98.55% 90.36% 97.13% 98.80% 99.49% 90.55% 122.53% 93.95%
Effective Tax Rate		 0.00% 0.00% 0.04% 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)		 -62.28% -41.13% 5.77% -79.11% -34.19% -75.48% -65.30% -106.90% -82.66% 61.68% -63.84%
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% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 4.64% -50.71% -19.87% -33.22% -21.79% -31.10% -23.55% 17.93% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 5.19% -49.97% -17.96% -32.27% -21.53% -30.95% -21.32% 21.92% 0.00%
Return on Common Equity (ROCE)		 -62.28% -41.13% 5.77% -79.11% -34.19% -75.48% -65.30% -106.90% -82.66% 61.68% -63.84%
Return on Equity Simple (ROE_SIMPLE)		 -54.68% -50.09% 5.25% -79.41% -35.09% -61.22% -83.52% -103.89% -129.30% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -23 -15 2.38 -20 -32 -18 -42 -53 -26 15 -12
NOPAT Margin		 0.00% 0.00% 10.25% -1,233.67% -658.63% -64.81% -121.56% -129.83% -52.72% 22.27% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -17.33% -11.23% 0.58% -25.66% 17.55% -22.70% 0.58% -1.05% -4.81% 4.65% -13.22%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 44.04% -72.17%
Cost of Revenue to Revenue		 0.00% 0.00% 21.51% 208.57% 86.73% 9.62% 4.05% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 37.11% 603.39% 296.99% 60.23% 70.16% 75.04% 67.87% 35.68% 0.00%
R&D to Revenue		 0.00% 0.00% 31.13% 1,050.43% 657.17% 122.73% 199.44% 210.44% 107.44% 25.36% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 68.24% 1,653.82% 954.16% 182.96% 269.61% 285.48% 175.31% 77.73% 0.00%
Earnings before Interest and Taxes (EBIT)		 -33 -21 2.38 -41 -19 -49 -42 -55 -35 15 -17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -33 -21 2.47 -41 -19 -48 -42 -54 -35 15 -17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.76 0.87 1.34 2.26 2.89 4.41 5.04 1.19 1.38 0.59 0.97
Price to Tangible Book Value (P/TBV)		 0.76 0.87 1.35 2.28 2.90 4.41 5.04 1.19 1.38 0.59 0.97
Price to Revenue (P/Rev)		 0.00 0.00 2.94 70.43 28.17 12.25 7.16 1.54 0.70 0.30 0.00
Price to Earnings (P/E)		 0.00 0.00 25.57 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% 0.00% 60.14% 0.00%
Earnings Yield		 0.00% 0.00% 3.91% 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 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.63 7.08 13.01 5.67 2.75 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 5.96 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 6.17 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 6.17 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 4.22 0.00 0.00 4.60 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 17.42 0.39 0.00 2.58 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		 -1.07 -1.08 -1.08 -1.54 -1.80 -2.06 -2.66 -3.01 -3.30 -2.41 -1.13
Leverage Ratio		 1.09 1.10 1.11 1.58 1.90 2.34 3.03 3.45 3.88 2.81 1.19
Compound Leverage Factor		 1.09 1.10 1.25 1.56 1.72 2.27 3.00 3.44 3.51 3.45 1.12
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		 1.54 -1.75 5.68 -1.76 -1.22 0.16 -0.97 -2.47 -4.18 -8.07 -25.60
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		 12.96 8.48 11.37 13.23 5.75 15.17 8.15 6.84 5.29 4.88 13.50
Quick Ratio		 12.86 8.33 11.01 13.03 5.21 13.28 7.97 6.68 4.95 4.59 13.30
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -23 -14 0.84 30 -58 61 -44 -56 -51 -56 -16
Operating Cash Flow to CapEx		 -187,126.67% -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%
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 0.00 0.45 0.02 0.05 0.19 0.18 0.23 0.33 0.81 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.62 9.64 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 0.00 469.68 39.56 41.65 43.10 26.86 25.70 32.88 76.77 0.00
Accounts Payable Turnover		 0.00 0.00 6.01 1.60 1.01 0.74 0.32 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 79.04 37.87 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 0.00 60.74 228.08 360.89 493.59 1,139.59 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 -60.74 -228.08 -360.89 -493.59 -1,139.59 79.04 37.87 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -3.99 -4.27 -2.73 -52 -27 -106 -104 -101 -76 -5.33 -1.08
Invested Capital Turnover		 0.00 0.00 -6.65 -0.06 -0.12 -0.42 -0.33 -0.40 -0.55 -1.60 0.00
Increase / (Decrease) in Invested Capital		 -0.39 -0.28 1.54 -50 26 -79 1.61 3.12 25 71 4.25
Enterprise Value (EV)		 -18 -9.83 15 11 64 157 96 -91 -67 -19 -1.55
Market Capitalization		 45 36 68 114 138 340 249 63 34 19 16
Book Value per Share		 $1.75 $1.22 $1.38 $1.35 $0.67 $0.73 $0.44 $0.39 $3.70 $4.96 $2.54
Tangible Book Value per Share		 $1.74 $1.21 $1.37 $1.34 $0.67 $0.73 $0.44 $0.39 $3.70 $4.96 $2.54
Total Capital		 60 42 51 50 48 77 49 52 25 33 17
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		 -64 -46 -54 -103 -74 -183 -153 -153 -101 -38 -18
Capital Expenditures (CapEx)		 0.02 0.00 0.05 0.00 0.22 0.89 0.71 0.48 0.04 0.01 -0.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4.46 -4.68 -3.11 -6.30 -6.59 12 -8.82 -11 -14 -5.93 -1.08
Debt-free Net Working Capital (DFNWC)		 59 41 50 96 68 195 145 143 87 32 17
Net Working Capital (NWC)		 59 41 50 96 68 195 145 143 87 32 17
Net Nonoperating Expense (NNE)		 9.75 6.16 -0.29 20 -16 29 -0.98 1.62 6.10 -3.24 3.73
Net Nonoperating Obligations (NNO)		 -64 -46 -54 -103 -74 -183 -153 -153 -101 -38 -18
Total Depreciation and Amortization (D&A)		 0.06 0.06 0.09 0.05 0.08 0.11 0.29 0.33 0.39 0.38 0.37
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -13.37% -388.35% -134.12% 44.16% -25.35% -25.97% -27.67% -9.08% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 217.03% 5,945.99% 1,381.42% 702.15% 415.58% 350.60% 178.61% 49.64% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 217.03% 5,945.99% 1,381.42% 702.15% 415.58% 350.60% 178.61% 49.64% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($23.20) ($12.20) $1.40 ($19.40) ($4.80) ($10.20) $0.00 ($8.80) ($4.78) $2.67 ($2.39)
Adjusted Weighted Average Basic Shares Outstanding		 1.71M 1.84M 1.84M 2.07M 3.56M 4.55M 0.00 6.22M 6.66M 6.66M 6.66M
Adjusted Diluted Earnings per Share		 ($23.20) ($12.20) $1.40 ($19.40) ($15.00) ($10.20) $0.00 ($10.00) ($4.78) $2.67 ($2.39)
Adjusted Weighted Average Diluted Shares Outstanding		 1.71M 1.84M 1.85M 2.07M 3.62M 4.55M 0.00 6.26M 6.66M 6.66M 6.66M
Adjusted Basic & Diluted Earnings per Share		 ($23.20) ($12.20) $0.00 ($19.40) ($4.80) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.41M 1.72M 1.85M 3.55M 3.68M 5.63M 0.00 6.66M 6.66M 6.66M 35.66M
Normalized Net Operating Profit after Tax (NOPAT)		 -23 -15 2.38 -20 -32 -18 -42 -53 -26 18 -12
Normalized NOPAT Margin		 0.00% 0.00% 10.25% -1,233.67% -658.63% -64.81% -121.56% -129.83% -52.72% 27.27% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 11.49% -2,470.22% -342.18% -169.96% -118.73% -133.80% -65.22% 27.29% 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% 0.00% 65.59% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -7.91% -0.15% -6.71% 0.00% 65.59% 0.00%

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) shows a company that has moved from a very cash-rich balance sheet in 2024 to a much leaner position by Q3 2026, while also remaining unprofitable and continuing to consume cash from operations.

Across the last several quarters, the main story is a dramatic reduction in cash and investments, likely tied to heavy operating losses and financing activity. At the same time, the company’s share count has changed materially, and the financial statements include several restatements/calculated figures, which makes the trend analysis somewhat noisy but still directionally clear.

  • Strong liquidity remains, but at a much lower level: As of Q3 2026, the company had $7.5 million in cash and equivalents and $10.98 million in current assets, which still covers its $952,000 of current liabilities.
  • Low near-term debt burden: Total liabilities were only $952,000 in Q3 2026, with no noncurrent liabilities reported, reducing balance sheet leverage risk.
  • Quarterly operating losses improved from prior periods: Q3 2026 operating loss was $21.6 million versus a $2.9 million operating loss in Q4 2025 and $2.8 million in Q3 2025, but the comparison is distorted by unusual “other operating expenses / income” items in Q3 2026.
  • Investment income has helped offset losses in some periods: The company generated interest and investment income in each quarter shown, including $54,000 in Q3 2026 and $190,000 in Q4 2025.
  • Revenue is absent in the recent periods: The company reported $0 revenue in Q1 2025, Q2 2025, Q3 2025, Q4 2025, and Q3 2026, so the business is still not showing meaningful top-line sales in the data provided.
  • Cash flow from investing was often supported by asset sales or investment maturities: The company repeatedly generated cash from sales/maturities of investments, which helped fund operations in several quarters.
  • Share count has been volatile: Weighted average basic shares were 66.6 million in several quarters, but Q3 2026 shows 35.7 million, suggesting a major capital structure change or corporate action that investors should verify.
  • Several statements appear restated or calculated: Some quarters are marked restated or calculated, and there are occasional inconsistencies in “net income attributable to common shareholders,” so investors should treat quarter-to-quarter comparisons carefully.
  • Cash balance fell sharply year over year: Cash and equivalents dropped from $20.5 million in Q3 2025 to $7.5 million in Q3 2026, and from $10.1 million in Q1 2025 to $7.5 million in Q3 2026.
  • Equity has declined significantly from prior periods: Total common equity fell from $112.3 million in Q1 2025 to $56.8 million in Q3 2026, reflecting a much weaker balance sheet cushion.
  • Retained earnings remain deeply negative: Retained earnings were negative $462.3 million in Q3 2026, showing a long history of accumulated losses.
  • Operating cash burn continues: Net cash from operating activities was negative $2.5 million in Q4 2025, negative $11.9 million in Q3 2025, and negative $11.5 million in Q1 2025, indicating the core business has not been self-funding.
  • Recent losses are large relative to the company’s size: Q3 2026 net loss was $23.7 million, which is substantial versus its cash balance and suggests ongoing financing pressure if losses persist.

Bottom line: LITS currently looks like a financially fragile, cash-burning company with no recent revenue, a declining cash base, and a history of large losses. The balance sheet is not overleveraged, but the key issue for investors is whether the company can halt the cash drain and establish a sustainable operating model before liquidity becomes tighter.

07/23/26 03:12 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 2025 ended on June 30, 2025.

Lite Strategy's net income appears to be on a downward trend, with a most recent value of -$15.95 million in 2025, falling from -$32.69 million in 2015. The previous period was $17.78 million in 2024. See Lite Strategy's forecast for analyst expectations on what's next for the company.

Lite Strategy's total operating income in 2025 was -$17.46 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $17.46 million

Over the last 10 years, Lite Strategy's total revenue changed from $0.00 in 2015 to $0.00 in 2025, a change of 0.0%.

Lite Strategy's total liabilities were at $1.35 million at the end of 2025, a 83.8% decrease from 2024, and a 72.7% decrease since 2015.

In the past 10 years, Lite Strategy's cash and equivalents has ranged from $3.71 million in 2024 to $18.72 million in 2015, and is currently $18.01 million as of their latest financial filing in 2025.

Over the last 10 years, Lite Strategy's book value per share changed from 1.75 in 2015 to 2.54 in 2025, a change of 45.2%.


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Financial statements for NASDAQ:LITS last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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