What is Lakeside's operating income?

Lakeside's total operating income in 2025 was -$4.96 million, based on the following breakdown: Total Gross Profit: $2.88 million Total Operating Expenses: $7.80 million

Lakeside (LSH) Financials

$0.34 +0.00 (+0.70%)

Closing price 07/22/2026 04:00 PM Eastern

Extended Trading

$0.34 +0.00 (+0.06%)

As of 07/22/2026 04:10 PM Eastern

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Annual Income Statements for Lakeside

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

Metric	2023	2024	2025
Period end date	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	0.98	-0.23	-5.25
Consolidated Net Income / (Loss)	0.94	-0.23	-5.25
Net Income / (Loss) Continuing Operations	0.94	-0.20	-5.25
Total Pre-Tax Income	1.01	-0.30	-4.94
Total Operating Income	0.25	-0.53	-4.96
Total Gross Profit	2.56	3.72	2.88
Total Revenue	13	18	18
Operating Revenue	13	18	18
Total Cost of Revenue	10	15	15
Operating Cost of Revenue	10	15	15
Other Cost of Revenue	-0.09	0.03	0.03
Total Operating Expenses	2.41	4.14	7.80
Selling, General & Admin Expense	2.41	4.14	7.80
Total Other Income / (Expense), net	0.76	0.16	0.01
Interest Expense	0.12	0.11	0.40
Interest & Investment Income	0.00	-0.07	0.00
Other Income / (Expense), net	0.89	0.34	0.42
Income Tax Expense	0.07	-0.07	0.30
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.04	-0.00	0.00
Basic Earnings per Share	$0.16	($0.04)	($0.69)
Weighted Average Basic Shares Outstanding	6M	6M	7.56M
Diluted Earnings per Share	-	($0.04)	($0.69)
Weighted Average Diluted Shares Outstanding	-	6M	7.56M

This table shows Lakeside'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	Q1 2026	Q2 2026	Q3 2026
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	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-0.30	0.06	0.01	0.00	-1.34	-1.95	-1.07	-0.89	-1.36	-1.58	0.14
Consolidated Net Income / (Loss)	-0.31	0.06	0.01	0.00	-1.34	-1.95	-1.07	-0.89	-1.36	-1.58	0.14
Net Income / (Loss) Continuing Operations	-0.31	0.06	0.01	0.03	-1.34	-1.95	-0.38	-1.59	-1.36	-1.58	-1.53
Total Pre-Tax Income	-0.31	0.09	0.12	-0.20	-1.25	-1.95	-0.36	-1.39	-1.32	-1.54	-1.50
Total Operating Income	-0.33	0.08	0.04	-0.31	-1.33	-2.00	-0.33	-1.30	-1.27	-1.49	-1.58
Total Gross Profit	0.65	1.06	0.98	1.03	0.52	-0.04	0.38	2.02	1.11	1.91	0.98
Total Revenue	4.15	4.92	4.46	4.79	4.08	3.60	0.50	9.62	6.10	7.01	1.33
Operating Revenue	4.15	4.92	4.46	4.79	4.08	3.60	0.50	9.62	6.10	7.01	1.33
Total Cost of Revenue	3.55	3.85	3.46	3.77	3.57	3.63	0.12	7.63	5.07	5.10	0.43
Operating Cost of Revenue	3.50	3.85	3.49	3.76	3.56	3.64	0.12	7.60	4.99	5.10	0.35
Other Cost of Revenue	0.05	-0.00	-0.03	0.01	0.01	-0.01	0.00	0.03	0.08	-0.00	0.08
Total Operating Expenses	0.86	0.99	0.96	1.34	1.84	1.97	0.71	3.29	2.30	3.11	2.47
Selling, General & Admin Expense	0.86	0.99	0.96	1.34	1.84	1.97	0.71	3.29	2.30	3.11	2.41
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	-	-	-	0.06
Total Other Income / (Expense), net	-0.05	0.01	0.08	0.12	0.08	0.05	-0.03	-0.09	-0.05	-0.34	0.08
Interest Expense	0.02	0.03	0.03	0.03	0.03	0.04	0.04	0.29	0.20	0.18	0.03
Other Income / (Expense), net	0.05	0.04	0.10	0.15	0.11	0.09	0.01	0.20	0.15	-0.15	0.10
Income Tax Expense	-0.00	0.03	0.10	-0.20	0.09	0.00	0.02	0.19	0.04	0.05	0.03
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-0.69	-	-	-	1.67
Weighted Average Basic Shares Outstanding	6M	6M	6M	6M	7.50M	7.50M	7.50M	7.56M	14.73M	19.57M	34.43M
Weighted Average Diluted Shares Outstanding	6M	6M	6M	6M	7.50M	7.50M	7.50M	7.56M	14.73M	19.57M	34.43M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	7.50M	7.50M	7.50M	7.50M	0.00	17.43M	34.43M	34.43M

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

Metric	2023	2024	2025
Period end date	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	-0.20	-0.05	4.83
Net Cash From Operating Activities	0.04	-0.05	-2.66
Net Cash From Continuing Operating Activities	0.04	-0.05	-2.66
Net Income / (Loss) Continuing Operations	0.94	-0.23	-5.25
Consolidated Net Income / (Loss)	0.94	-0.23	-5.25
Depreciation Expense	0.16	0.18	0.23
Amortization Expense	-	0.00	0.19
Non-Cash Adjustments To Reconcile Net Income	0.79	1.35	2.03
Changes in Operating Assets and Liabilities, net	-1.85	-1.35	0.14
Net Cash From Investing Activities	-0.02	-0.08	-0.69
Net Cash From Continuing Investing Activities	-0.02	-0.08	-0.69
Purchase of Property, Plant & Equipment	-0.02	0.00	-0.05
Acquisitions	0.00	-0.05	-0.28
Purchase of Investments	0.00	-0.03	0.00
Other Investing Activities, net	-	0.00	-0.36
Net Cash From Financing Activities	-0.25	0.08	8.17
Net Cash From Continuing Financing Activities	-0.25	0.08	8.17
Repayment of Debt	-0.21	-0.36	-1.66
Repurchase of Common Equity	-0.14	-0.17	-0.81
Issuance of Debt	0.00	0.40	2.31
Issuance of Common Equity	0.11	0.24	8.35
Other Financing Activities, net	-0.02	-0.03	-0.03
Cash Interest Paid	0.03	0.03	0.18
Cash Income Taxes Paid	0.00	0.00	0.00

This table details how cash moves in and out of Lakeside'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	Q1 2026	Q2 2026	Q3 2026
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	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	0.03	0.14	-0.15	-0.07	2.62	-1.62	0.38	3.46	-0.42	-2.90	-0.67
Net Cash From Operating Activities	0.04	0.22	-0.10	-0.22	-1.40	-0.53	0.95	-1.68	-4.02	-0.45	1.43
Net Cash From Continuing Operating Activities	0.04	0.22	-0.10	-0.22	-1.40	-0.53	0.95	-1.68	-4.02	-0.45	1.43
Net Income / (Loss) Continuing Operations	-0.31	0.06	0.01	0.00	-1.34	-1.95	1.75	-3.72	-1.36	-1.58	-0.51
Consolidated Net Income / (Loss)	-0.31	0.06	0.01	0.00	-1.34	-1.95	-1.07	-0.89	-1.36	-1.58	0.14
Depreciation Expense	0.04	0.03	0.06	0.04	0.04	0.04	-0.08	0.23	0.06	0.06	-0.08
Amortization Expense	-	-	-0.45	-	0.00	0.02	0.02	0.16	0.09	1.11	-1.02
Non-Cash Adjustments To Reconcile Net Income	0.37	-0.22	0.56	0.64	0.49	0.35	-0.76	1.95	0.95	0.23	1.28
Changes in Operating Assets and Liabilities, net	-0.07	-0.11	-0.28	-0.90	-0.60	1.01	0.02	-0.30	-3.76	-0.27	1.74
Net Cash From Investing Activities	-0.08	-	-	-	-0.04	-1.31	0.20	0.46	-0.11	-7.04	-1.35
Net Cash From Continuing Investing Activities	-0.08	-	-	-	-0.04	-1.31	0.20	0.46	-0.11	-7.04	-1.35
Other Investing Activities, net	-	-	-	-	-0.03	-0.65	0.12	0.20	-0.11	-6.93	-1.46
Net Cash From Financing Activities	0.07	-0.08	-0.05	0.15	4.04	0.25	1.50	2.38	3.67	4.42	-0.33
Net Cash From Continuing Financing Activities	0.07	-0.08	-0.05	0.15	4.04	0.29	1.46	2.38	3.67	4.42	-0.33
Repayment of Debt	-0.15	-0.09	-0.04	-0.07	-0.42	0.02	0.40	-1.66	-0.78	-0.32	0.63
Issuance of Debt	0.23	-	-	0.18	0.00	0.20	0.56	1.56	1.50	0.41	-1.90
Issuance of Common Equity	0.00	0.16	-	0.08	5.35	-	-	3.00	3.14	4.17	0.93
Other Financing Activities, net	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.29	-0.31	-0.19	0.17	0.02
Cash Interest Paid	0.01	0.01	0.01	0.01	0.01	0.04	0.02	0.11	0.16	0.20	0.10

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

Metric	2023	2024	2025
Period end date	6/30/2023	6/30/2024	6/30/2025
Total Assets	5.47	9.19	14
Total Current Assets	2.44	3.54	10
Cash & Equivalents	0.17	0.12	4.81
Note & Lease Receivable	-	0.00	0.07
Accounts Receivable	2.16	3.29	1.42
Inventories, net	-	0.00	0.10
Prepaid Expenses	0.05	0.00	0.22
Other Current Assets	0.04	0.13	0.14
Other Current Nonoperating Assets	-	-	3.52
Plant, Property, & Equipment, net	0.49	0.34	0.16
Total Noncurrent Assets	2.55	5.31	3.97
Intangible Assets	-	0.00	0.37
Other Noncurrent Operating Assets	2.50	5.17	0.31
Other Noncurrent Nonoperating Assets	-	-	3.29
Total Liabilities & Shareholders' Equity	5.47	9.19	14
Total Liabilities	4.62	8.55	12
Total Current Liabilities	2.77	5.89	9.67
Short-Term Debt	0.59	0.75	1.17
Accounts Payable	0.83	1.39	1.02
Accrued Expenses	0.33	1.34	1.16
Customer Deposits	-	0.00	0.08
Current Deferred & Payable Income Tax Liabilities	0.03	0.08	0.23
Other Current Liabilities	0.90	2.24	0.12
Other Current Nonoperating Liabilities	-	-	5.88
Total Noncurrent Liabilities	1.84	2.66	1.89
Long-Term Debt	0.23	0.14	0.00
Capital Lease Obligations	1.59	2.52	0.15
Noncurrent Deferred & Payable Income Tax Liabilities	0.02	0.00	0.08
Other Noncurrent Nonoperating Liabilities	-	-	1.66
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.85	0.64	2.85
Total Preferred & Common Equity	0.86	0.64	2.85
Total Common Equity	0.86	0.64	2.85
Common Stock	0.00	0.64	8.09
Retained Earnings	0.86	-0.01	-5.32
Accumulated Other Comprehensive Income / (Loss)	-0.00	0.00	0.01
Other Equity Adjustments	-0.00	-0.00	0.06

This table presents Lakeside'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 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	11	9.84	9.94	19	24	18
Total Current Assets	5.83	4.44	5.01	15	21	17
Cash & Equivalents	2.74	1.12	1.50	4.54	1.64	1.30
Note & Lease Receivable	-	0.69	-	0.01	0.00	0.00
Accounts Receivable	2.94	2.54	2.56	5.23	11	10
Inventories, net	-	0.01	0.22	0.13	0.12	0.02
Prepaid Expenses	0.11	0.05	0.09	4.95	6.79	5.41
Other Current Assets	0.04	0.03	-	0.13	1.14	0.13
Other Current Nonoperating Assets	-	-	-	-	-	0.00
Plant, Property, & Equipment, net	0.31	0.51	0.53	0.41	0.36	0.20
Total Noncurrent Assets	4.66	4.89	5.04	3.23	2.80	0.53
Intangible Assets	-	0.42	0.39	0.34	0.32	0.30
Other Noncurrent Operating Assets	4.62	4.34	4.53	2.79	2.38	0.23
Other Noncurrent Nonoperating Assets	-	-	-	-	-	0.00
Total Liabilities & Shareholders' Equity	11	9.84	9.94	19	24	18
Total Liabilities	7.19	8.19	9.19	12	12	4.17
Total Current Liabilities	4.43	5.49	6.78	9.84	10	3.99
Short-Term Debt	0.48	0.61	1.10	2.27	2.42	0.27
Accounts Payable	0.83	1.30	1.65	2.64	3.10	0.98
Accrued Expenses	0.87	1.24	1.45	2.16	2.51	2.00
Customer Deposits	-	-	-	0.20	0.15	0.24
Current Deferred & Payable Income Tax Liabilities	0.08	0.08	0.11	0.36	0.41	0.42
Other Current Liabilities	2.06	2.25	2.48	2.21	1.84	0.08
Other Current Nonoperating Liabilities	-	-	-	-	-	0.00
Total Noncurrent Liabilities	2.76	2.70	2.41	1.84	1.69	0.18
Long-Term Debt	0.11	0.17	0.42	0.27	0.24	0.05
Capital Lease Obligations	2.66	2.42	1.89	1.51	1.39	0.12
Noncurrent Deferred & Payable Income Tax Liabilities	-	0.10	0.10	0.06	0.06	0.00
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3.62	1.65	0.75	6.95	12	14
Total Preferred & Common Equity	3.62	1.65	0.75	6.95	12	14
Total Common Equity	3.62	1.65	0.75	6.95	12	14
Common Stock	4.94	4.94	5.11	14	23	23
Retained Earnings	-1.34	-3.29	-4.37	-6.68	-8.28	-8.14
Accumulated Other Comprehensive Income / (Loss)	0.02	-0.01	-0.01	0.05	0.22	0.41
Other Equity Adjustments	0.00	0.00	0.01	0.07	-2.44	-1.34

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

Metric	2023	2024	2025
Period end date	6/30/2023	6/30/2024	6/30/2025
DEI Shares Outstanding	0.00	0.00	7,500,000.00
DEI Adjusted Shares Outstanding	0.00	0.00	7,500,000.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-0.70
Growth Metrics	-	-	-
Revenue Growth	0.00%	42.28%	-2.87%
EBITDA Growth	0.00%	-100.95%	-33,508.13%
EBIT Growth	0.00%	-116.57%	-2,321.55%
NOPAT Growth	0.00%	-259.43%	-842.73%
Net Income Growth	0.00%	-124.19%	-2,198.14%
EPS Growth	0.00%	0.00%	-1,625.00%
Operating Cash Flow Growth	0.00%	-236.48%	-4,849.68%
Free Cash Flow Firm Growth	0.00%	0.00%	138.04%
Invested Capital Growth	0.00%	25.82%	-97.95%
Revenue Q/Q Growth	0.00%	0.00%	37.23%
EBITDA Q/Q Growth	0.00%	0.00%	-16.78%
EBIT Q/Q Growth	0.00%	0.00%	-25.88%
NOPAT Q/Q Growth	0.00%	0.00%	-24.93%
Net Income Q/Q Growth	0.00%	0.00%	-20.57%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-122.17%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	-96.89%
Profitability Metrics	-	-	-
Gross Margin	19.92%	20.29%	16.18%
EBITDA Margin	10.06%	-0.07%	-23.15%
Operating Margin	1.92%	-2.87%	-27.88%
EBIT Margin	8.80%	-1.02%	-25.54%
Profit (Net Income) Margin	7.33%	-1.25%	-29.49%
Tax Burden Percent	93.55%	77.22%	106.11%
Interest Burden Percent	89.09%	157.57%	108.83%
Effective Tax Rate	6.45%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.25%	-10.24%	-169.80%
ROIC Less NNEP Spread (ROIC-NNEP)	37.85%	-5.33%	-758.13%
Return on Net Nonoperating Assets (RNNOA)	103.16%	-20.31%	-131.23%
Return on Equity (ROE)	110.41%	-30.55%	-301.03%
Cash Return on Invested Capital (CROIC)	0.00%	-33.11%	22.15%
Operating Return on Assets (OROA)	20.69%	-2.56%	-38.50%
Return on Assets (ROA)	17.25%	-3.11%	-44.46%
Return on Common Equity (ROCE)	111.32%	-30.69%	-301.03%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.23	-0.37	-3.47
NOPAT Margin	1.79%	-2.01%	-19.51%
Net Nonoperating Expense Percent (NNEP)	-30.60%	-4.91%	588.33%
Return On Investment Capital (ROIC_SIMPLE)	7.09%	-9.10%	-83.25%
Cost of Revenue to Revenue	79.35%	79.86%	84.01%
SG&A Expenses to Revenue	18.73%	22.61%	43.87%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.73%	22.61%	43.87%
Earnings before Interest and Taxes (EBIT)	1.13	-0.19	-4.54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.29	-0.01	-4.12
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	7.83	9.40	2.24
Price to Tangible Book Value (P/TBV)	7.83	9.40	2.57
Price to Revenue (P/Rev)	0.52	0.33	0.36
Price to Earnings (P/E)	6.86	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	14.57%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.82	2.32	35.08
Enterprise Value to Revenue (EV/Rev)	0.70	0.51	0.16
Enterprise Value to EBITDA (EV/EBITDA)	6.93	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	7.92	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	38.85	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	228.32	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	6.37
Leverage & Solvency	-	-	-
Debt to Equity	2.81	5.33	0.47
Long-Term Debt to Equity	2.13	4.16	0.05
Financial Leverage	2.73	3.81	0.17
Leverage Ratio	6.40	9.81	6.77
Compound Leverage Factor	5.70	15.46	7.37
Debt to Total Capital	73.78%	84.19%	31.76%
Short-Term Debt to Total Capital	18.00%	18.46%	28.14%
Long-Term Debt to Total Capital	55.78%	65.73%	3.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.22%	0.00%	0.00%
Common Equity to Total Capital	26.44%	15.81%	68.24%
Debt to EBITDA	1.86	-277.98	-0.32
Net Debt to EBITDA	1.72	-266.62	0.85
Long-Term Debt to EBITDA	1.40	-217.04	-0.04
Debt to NOPAT	10.41	-9.25	-0.38
Net Debt to NOPAT	9.66	-8.87	1.01
Long-Term Debt to NOPAT	7.87	-7.22	-0.04
Altman Z-Score	4.06	2.04	0.06
Noncontrolling Interest Sharing Ratio	-0.83%	-0.47%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.88	0.60	1.06
Quick Ratio	0.84	0.58	0.65
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1.19	0.45
Operating Cash Flow to CapEx	214.91%	0.00%	-5,329.63%
Free Cash Flow to Firm to Interest Expense	0.00	-11.02	1.13
Operating Cash Flow to Interest Expense	0.32	-0.50	-6.62
Operating Cash Flow Less CapEx to Interest Expense	0.17	-0.50	-6.74
Efficiency Ratios	-	-	-
Asset Turnover	2.35	2.50	1.51
Accounts Receivable Turnover	5.95	6.72	7.56
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	26.30	43.90	70.39
Accounts Payable Turnover	12.34	13.19	12.41
Days Sales Outstanding (DSO)	61.37	54.32	48.27
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	29.57	27.66	29.40
Cash Conversion Cycle (CCC)	31.80	26.65	18.86
Capital & Investment Metrics	-	-	-
Invested Capital	3.18	4.01	0.08
Invested Capital Turnover	4.04	5.09	8.70
Increase / (Decrease) in Invested Capital	0.00	0.82	-3.92
Enterprise Value (EV)	8.97	9.28	2.88
Market Capitalization	6.75	6.02	6.38
Book Value per Share	$0.14	$0.11	$0.38
Tangible Book Value per Share	$0.14	$0.11	$0.33
Total Capital	3.26	4.05	4.17
Total Debt	2.40	3.41	1.32
Total Long-Term Debt	1.82	2.66	0.15
Net Debt	2.23	3.27	-3.49
Capital Expenditures (CapEx)	0.02	0.00	0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.07	-1.73	-3.03
Debt-free Net Working Capital (DFNWC)	0.25	-1.61	1.79
Net Working Capital (NWC)	-0.34	-2.35	0.61
Net Nonoperating Expense (NNE)	-0.71	-0.14	1.77
Net Nonoperating Obligations (NNO)	2.33	3.37	-2.76
Total Depreciation and Amortization (D&A)	0.16	0.18	0.42
Debt-free, Cash-free Net Working Capital to Revenue	0.58%	-9.45%	-17.02%
Debt-free Net Working Capital to Revenue	1.93%	-8.77%	10.04%
Net Working Capital to Revenue	-2.63%	-12.85%	3.45%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.04)	($0.69)
Adjusted Weighted Average Basic Shares Outstanding	0.00	6M	7.56M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.69)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	7.50M	7.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	7.50M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	0.23	-0.37	-3.47
Normalized NOPAT Margin	1.79%	-2.01%	-19.51%
Pre Tax Income Margin	7.84%	-1.61%	-27.79%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	9.16	-1.74	-11.32
NOPAT to Interest Expense	1.87	-3.41	-8.65
EBIT Less CapEx to Interest Expense	9.01	-1.74	-11.45
NOPAT Less CapEx to Interest Expense	1.72	-3.41	-8.78
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	14.57%	-74.47%	-15.35%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
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	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	0.00	0.00	0.00	0.00	7,500,000.00	7,500,000.00	7,500,000.00	7,500,000.00	7,500,000.00	34,427,559.00	34,427,559.00
DEI Adjusted Shares Outstanding	0.00	0.00	0.00	0.00	7,500,000.00	7,500,000.00	7,500,000.00	7,500,000.00	7,500,000.00	34,427,559.00	34,427,559.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.00	0.00	-0.18	-0.26	-0.14	-0.12	-0.18	-0.05	0.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	-1.61%	-26.86%	-88.85%	100.76%	49.45%	95.03%	167.00%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	-382.98%	-1,312.68%	-52.13%	-480.77%	16.98%	74.19%	-572.51%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	-324.94%	-1,643.43%	-322.39%	-557.82%	7.63%	13.79%	-363.30%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	-298.04%	-2,554.11%	-5,338.82%	-314.12%	4.21%	25.38%	-378.35%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	-334.58%	-3,131.30%	-8,486.56%	-44,401.24%	-1.63%	18.65%	113.30%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-260.00%	-2,700.00%	0.00%	0.00%	50.00%	69.23%	0.00%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	-3,575.94%	-343.80%	1,091.00%	-678.17%	-186.32%	14.48%	49.90%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	39.13%	-133.03%	-289.71%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-97.95%	53.16%	292.72%	381.98%
Revenue Q/Q Growth	0.00%	18.50%	-9.26%	7.38%	-14.79%	-11.91%	-86.17%	1,833.74%	-36.57%	14.96%	-81.07%
EBITDA Q/Q Growth	0.00%	162.66%	-265.39%	51.12%	-853.47%	-57.34%	79.25%	-86.59%	-36.30%	51.08%	-440.56%
EBIT Q/Q Growth	0.00%	143.09%	15.73%	-217.17%	-627.22%	-56.52%	83.32%	-246.57%	-2.11%	-46.09%	10.39%
NOPAT Q/Q Growth	0.00%	124.41%	-92.27%	-5,108.11%	-321.44%	-50.48%	83.51%	-295.88%	2.52%	-17.23%	-5.73%
Net Income Q/Q Growth	0.00%	120.90%	-80.12%	-84.21%	-66,340.43%	-45.78%	45.00%	16.59%	-51.96%	-16.69%	108.99%
EPS Q/Q Growth	0.00%	120.00%	-100.00%	0.00%	0.00%	-44.44%	0.00%	0.00%	0.00%	11.11%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	438.89%	-144.23%	-123.81%	-551.60%	62.20%	279.79%	-275.74%	-139.75%	88.71%	415.11%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.61%	43.70%	204.66%	-203.92%	-280.54%	5.85%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	5.12%	-11.88%	-28.70%	-96.89%	7,744.23%	125.95%	-12.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.61%	21.65%	21.87%	21.47%	12.80%	-1.17%	76.03%	21.01%	18.18%	27.24%	73.78%
EBITDA Margin	-5.86%	3.10%	-5.65%	-2.57%	-28.76%	-51.37%	-77.07%	-7.44%	-15.98%	-6.80%	-194.11%
Operating Margin	-8.04%	1.67%	0.91%	-6.58%	-32.52%	-55.56%	-66.26%	-13.57%	-20.85%	-21.26%	-118.71%
EBIT Margin	-6.91%	2.51%	3.20%	-3.50%	-29.83%	-53.01%	-63.91%	-11.45%	-18.44%	-23.43%	-110.90%
Profit (Net Income) Margin	-7.41%	1.31%	0.29%	0.04%	-32.72%	-54.14%	-215.33%	-9.29%	-22.25%	-22.58%	10.73%
Tax Burden Percent	99.33%	69.50%	10.88%	-1.03%	107.19%	100.00%	298.80%	64.10%	102.72%	102.93%	-9.50%
Interest Burden Percent	107.95%	74.83%	82.13%	117.08%	102.31%	102.15%	112.76%	126.49%	117.46%	93.64%	101.82%
Effective Tax Rate	0.00%	30.50%	89.12%	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%	-21.04%	-197.28%	-354.75%	-454.46%	-82.63%	-54.22%	-37.80%	-259.60%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	-14.43%	-334.14%	-407.86%	-543.05%	-76.00%	-1,090.27%	-62.01%	-19.92%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	-75.96%	-54.81%	-511.68%	-1,373.64%	-13.15%	-9.30%	-20.02%	-1.44%
Return on Equity (ROE)	0.00%	0.00%	0.00%	-97.00%	-252.10%	-866.43%	-1,828.10%	-95.79%	-63.52%	-57.81%	-261.04%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-29.71%	0.00%	0.00%	0.00%	22.15%	-106.38%	-152.47%	-182.57%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	-8.73%	-50.36%	-91.22%	-83.36%	-17.27%	-24.81%	-31.88%	-192.49%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.11%	-55.23%	-93.17%	-280.85%	-14.00%	-29.94%	-30.73%	18.62%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	-97.46%	-252.10%	-866.43%	-1,828.10%	-95.79%	-63.52%	-57.81%	-261.04%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.23	0.06	0.00	-0.22	-0.93	-1.40	-0.23	-0.91	-0.89	-1.04	-1.10
NOPAT Margin	-5.63%	1.16%	0.10%	-4.60%	-22.77%	-38.89%	-46.38%	-9.50%	-14.59%	-14.88%	-83.10%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-6.61%	136.85%	53.11%	88.60%	-6.63%	1,036.05%	24.21%	-239.67%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-5.45%	-13.53%	-28.83%	-5.54%	-21.90%	-8.09%	-6.43%	-7.85%
Cost of Revenue to Revenue	85.65%	78.30%	77.52%	78.66%	87.51%	100.87%	23.97%	79.32%	83.19%	72.74%	32.57%
SG&A Expenses to Revenue	20.63%	20.04%	21.58%	27.92%	45.01%	54.69%	142.30%	34.25%	37.66%	44.41%	181.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.63%	20.04%	21.58%	27.92%	45.01%	54.69%	142.30%	34.25%	37.66%	44.41%	186.14%
Earnings before Interest and Taxes (EBIT)	-0.29	0.12	0.14	-0.17	-1.22	-1.91	-0.32	-1.10	-1.12	-1.64	-1.47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.24	0.15	-0.25	-0.12	-1.17	-1.85	-0.38	-0.72	-0.97	-0.48	-2.58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	9.40	7.52	11.39	10.70	2.24	1.39	1.27	1.76
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	9.40	7.52	15.28	22.11	2.57	1.46	1.31	1.80
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.33	1.49	1.11	0.62	0.36	0.49	0.67	1.00
Price to Earnings (P/E)	0.00	0.00	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%	0.00%	0.00%	0.00%
Earnings Yield	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 Invested Capital (EV/IC)	0.00	0.00	0.00	2.32	6.58	5.61	3.75	35.08	1.42	1.23	1.81
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.51	1.52	1.23	0.77	0.16	0.46	0.77	0.96
Enterprise Value to EBITDA (EV/EBITDA)	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 EBIT (EV/EBIT)	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 NOPAT (EV/NOPAT)	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 Operating Cash Flow (EV/OCF)	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 Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.37	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	5.33	0.90	1.95	4.55	0.47	0.58	0.33	0.03
Long-Term Debt to Equity	0.00	0.00	0.00	4.16	0.76	1.58	3.08	0.05	0.26	0.13	0.01
Financial Leverage	0.00	0.00	0.00	5.26	0.16	1.25	2.53	0.17	0.01	0.32	0.07
Leverage Ratio	0.00	0.00	0.00	9.81	2.99	5.98	13.26	6.77	2.79	2.47	1.93
Compound Leverage Factor	0.00	0.00	0.00	11.49	3.06	6.10	14.95	8.56	3.27	2.31	1.97
Debt to Total Capital	0.00%	0.00%	0.00%	84.19%	47.32%	66.06%	81.98%	31.76%	36.82%	24.98%	3.15%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	18.46%	7.06%	12.57%	26.49%	28.14%	20.64%	14.92%	1.92%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	65.73%	40.26%	53.49%	55.49%	3.62%	16.18%	10.06%	1.23%
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	0.00%	0.00%	0.00%	15.81%	52.68%	33.94%	18.02%	68.24%	63.18%	75.02%	96.85%
Debt to EBITDA	0.00	0.00	0.00	-277.98	-3.45	-0.94	-0.97	-0.32	-1.03	-1.59	-0.09
Net Debt to EBITDA	0.00	0.00	0.00	-266.62	-0.52	-0.61	-0.54	0.85	0.13	-0.94	0.18
Long-Term Debt to EBITDA	0.00	0.00	0.00	-217.04	-2.93	-0.76	-0.65	-0.04	-0.45	-0.64	-0.04
Debt to NOPAT	0.00	0.00	0.00	-9.25	-3.05	-1.27	-1.23	-0.38	-1.18	-1.32	-0.11
Net Debt to NOPAT	0.00	0.00	0.00	-8.87	-0.46	-0.82	-0.68	1.01	0.15	-0.78	0.22
Long-Term Debt to NOPAT	0.00	0.00	0.00	-7.22	-2.60	-1.03	-0.83	-0.04	-0.52	-0.53	-0.04
Altman Z-Score	0.00	0.00	0.00	2.05	3.57	1.86	0.89	0.85	1.19	1.56	4.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	-0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.60	1.32	0.81	0.74	1.06	1.52	2.03	4.27
Quick Ratio	0.00	0.00	0.00	0.58	1.28	0.79	0.60	0.65	0.99	1.25	2.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	-5.14	-5.11	-2.88	3.01	-3.13	-12	-11
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	-24,303.26%	-503.49%	0.00%	-9,845.27%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-182.89	-124.99	-70.97	10.32	-15.93	-64.91	-419.40
Operating Cash Flow to Interest Expense	1.77	7.00	-3.77	-7.53	-49.90	-12.97	23.51	-5.74	-20.45	-2.47	53.45
Operating Cash Flow Less CapEx to Interest Expense	1.77	7.00	-3.77	-7.53	-50.11	-15.55	25.44	-5.80	-20.45	-2.47	53.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	2.50	1.69	1.72	1.30	1.51	1.35	1.36	1.74
Accounts Receivable Turnover	0.00	0.00	0.00	6.72	6.21	6.67	5.06	7.56	4.85	3.32	3.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	1,396.59	51.21	0.00	0.00	266.18	152.91
Fixed Asset Turnover	0.00	0.00	0.00	43.90	58.02	32.93	24.28	70.39	54.73	52.97	65.38
Accounts Payable Turnover	0.00	0.00	0.00	13.19	17.65	11.06	6.74	12.41	9.47	8.14	13.89
Days Sales Outstanding (DSO)	0.00	0.00	0.00	54.32	58.75	54.68	72.09	48.27	75.25	109.78	96.67
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.26	7.13	0.00	0.00	1.37	2.39
Days Payable Outstanding (DPO)	0.00	0.00	0.00	27.66	20.68	33.02	54.19	29.40	38.54	44.85	26.28
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	26.65	38.07	21.93	25.02	18.86	36.71	66.31	72.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	4.01	4.21	3.71	2.65	0.08	6.45	15	13
Invested Capital Turnover	0.00	0.00	0.00	4.57	8.67	9.12	9.80	8.70	3.72	2.54	3.12
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	4.21	3.71	2.65	-3.92	2.24	11	10
Enterprise Value (EV)	0.00	0.00	0.00	9.28	28	21	9.92	2.88	9.17	18	23
Market Capitalization	6.75	6.75	6.75	6.02	27	19	8.03	6.38	9.68	16	24
Book Value per Share	$0.00	$0.00	$0.00	$0.11	$0.48	$0.22	$0.10	$0.38	$0.93	$0.70	$0.40
Tangible Book Value per Share	$0.00	$0.00	$0.00	$0.11	$0.48	$0.16	$0.05	$0.33	$0.88	$0.68	$0.39
Total Capital	0.00	0.00	0.00	4.05	6.87	4.85	4.16	4.17	11	16	14
Total Debt	0.00	0.00	0.00	3.41	3.25	3.20	3.41	1.32	4.05	4.05	0.44
Total Long-Term Debt	0.00	0.00	0.00	2.66	2.76	2.59	2.31	0.15	1.78	1.63	0.17
Net Debt	0.00	0.00	0.00	3.27	0.49	2.07	1.90	-3.49	-0.50	2.40	-0.86
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.01	0.11	-0.08	0.02	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	-1.73	-0.85	-1.57	-2.17	-3.03	2.89	12	12
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	-1.61	1.89	-0.44	-0.67	1.79	7.43	13	13
Net Working Capital (NWC)	0.00	0.00	0.00	-2.35	1.40	-1.05	-1.77	0.61	5.16	11	13
Net Nonoperating Expense (NNE)	0.07	-0.01	-0.01	-0.22	0.41	0.55	0.84	-0.02	0.47	0.54	-1.25
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	3.37	0.59	2.07	1.90	-2.76	-0.50	2.40	-0.86
Total Depreciation and Amortization (D&A)	0.04	0.03	-0.39	0.04	0.04	0.06	-0.07	0.39	0.15	1.17	-1.10
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	-9.45%	-4.66%	-9.26%	-16.73%	-17.02%	14.57%	49.78%	49.98%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	-8.77%	10.35%	-2.62%	-5.16%	10.04%	37.49%	56.85%	55.39%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	-12.85%	7.70%	-6.23%	-13.66%	3.45%	26.03%	46.42%	54.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.18)	($0.26)	($0.14)	$0.00	($0.09)	($0.08)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	6M	7.50M	7.50M	7.50M	7.56M	14.73M	19.57M	34.43M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.18)	($0.26)	($0.14)	$0.00	($0.09)	($0.08)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	6M	7.50M	7.50M	7.50M	7.56M	14.73M	19.57M	34.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	7.50M	7.50M	7.50M	7.50M	0.00	17.43M	34.43M	34.43M
Normalized Net Operating Profit after Tax (NOPAT)	-0.23	0.06	0.03	-0.22	-0.93	-1.40	-0.23	-0.91	-0.89	-1.04	-1.10
Normalized NOPAT Margin	-5.63%	1.16%	0.64%	-4.60%	-22.77%	-38.89%	-46.38%	-9.50%	-14.59%	-14.88%	-83.10%
Pre Tax Income Margin	-7.46%	1.88%	2.63%	-4.09%	-30.52%	-54.14%	-72.07%	-14.49%	-21.66%	-21.94%	-112.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-12.58	3.97	5.60	-5.85	-43.32	-46.62	-7.84	-3.78	-5.73	-8.96	-55.08
NOPAT to Interest Expense	-10.25	1.83	0.17	-7.71	-33.06	-34.21	-5.69	-3.13	-4.53	-5.69	-41.27
EBIT Less CapEx to Interest Expense	-12.58	3.97	5.60	-5.85	-43.53	-49.20	-5.91	-3.83	-5.73	-8.96	-55.08
NOPAT Less CapEx to Interest Expense	-10.25	1.83	0.17	-7.71	-33.26	-36.78	-3.76	-3.19	-4.53	-5.69	-41.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-74.47%	-83.54%	-25.57%	-14.30%	-15.35%	1.41%	0.00%	-5.77%

Financials Breakdown Chart

Key Financial Trends

Lakeside Holding Ltd. (NASDAQ: LSH) shows a sharp rebound in reported Q3 2026 profitability and cash from operations, but the underlying trend remains volatile and heavily dependent on one-time items, financing activity, and balance-sheet support.

On the income statement, Q3 2026 revenue was just $1.33 million, down sharply from $7.01 million in Q2 2026 and $9.62 million in Q4 2025. That weaker top line was enough to push operating income to a $1.58 million loss in the quarter. However, Lakeside still reported net income of $142,408 for common shareholders, helped by $1.67 million in discontinued-operations profit and $103,705 of other income. In other words, the quarter was profitable on a consolidated basis, but not from the core business.

The broader trend over the last four years is mixed. Revenue was much stronger in late 2025 and early 2026 than it was in the 2024 period shown here, but profitability has not scaled cleanly with sales. Gross margin can swing significantly, and selling, general & administrative expense remains a heavy burden. In Q3 2026, SG&A was $2.41 million versus gross profit of only $979,539, which is why operating losses persisted despite better cash generation.

Cash flow is a brighter spot in the most recent quarter. Q3 2026 operating cash flow came in at $1.43 million, an improvement versus negative $453,460 in Q2 2026 and negative $4.02 million in Q1 2026. That suggests working-capital management improved meaningfully. Still, the company posted a negative $667,763 net change in cash for the quarter, because investing and financing outflows offset the operating improvement.

The balance sheet also improved in some ways, but leverage and short-term obligations remain important. Total assets were $17.78 million in Q3 2026, versus $24.30 million in Q2 2026 and $18.64 million in Q1 2026. Total liabilities fell to $4.17 million from $12.12 million in Q2 2026. Equity rose to $13.61 million, which is constructive, but retained earnings remain deeply negative at negative $8.14 million, reflecting a long history of losses.

One thing investors should watch closely is share count. Lakeside’s weighted average shares outstanding were 34.4 million in Q3 2026, up from 19.6 million in Q2 2026 and 14.7 million in Q1 2026. That kind of dilution can support liquidity, but it also makes per-share profitability harder to achieve.

Q3 2026 operating cash flow turned positive at $1.43 million, a clear improvement from the prior two quarters.
Consolidated net income was positive in Q3 2026, supported by discontinued operations and other income.
Total liabilities declined sharply to $4.17 million from $12.12 million in Q2 2026.
Total equity increased to $13.61 million, improving the balance sheet cushion.
Working capital looks better in the latest quarter, with operating assets and liabilities contributing positively to cash flow.
Revenue remains highly volatile quarter to quarter, making the trend harder to forecast.
Recent profitability was helped by discontinued operations, so reported net income overstates core operating strength.
Core operations were still deeply unprofitable in Q3 2026, with a $1.58 million operating loss.
SG&A spending remains too high relative to gross profit, pressuring margins.
Share dilution has been significant, with weighted average shares rising to 34.4 million in Q3 2026.

Bottom line: Lakeside’s latest quarter shows encouraging cash-flow improvement and a cleaner balance sheet, but the business still appears dependent on non-core items, financing, and dilution. For retail investors, the key question is whether management can turn the recent cash-flow recovery into sustained operating profitability.

07/23/26 07:34 AM ETAI Generated. May Contain Errors.

Lakeside Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lakeside's fiscal year ends in June. Their fiscal year 2025 ended on June 30, 2025.

Lakeside's net income appears to be on an upward trend, with a most recent value of -$5.25 million in 2025, falling from $943.73 thousand in 2023. The previous period was -$228.28 thousand in 2024. See where experts think Lakeside is headed by visiting Lakeside's forecast page.

Lakeside's total operating income in 2025 was -$4.96 million, based on the following breakdown:

Total Gross Profit: $2.88 million
Total Operating Expenses: $7.80 million

Over the last 2 years, Lakeside's total revenue changed from $12.87 million in 2023 to $17.79 million in 2025, a change of 38.2%.

Lakeside's total liabilities were at $11.56 million at the end of 2025, a 35.1% increase from 2024, and a 150.4% increase since 2023.

In the past 2 years, Lakeside's cash and equivalents has ranged from $123.55 thousand in 2024 to $4.81 million in 2025, and is currently $4.81 million as of their latest financial filing in 2025.

Over the last 2 years, Lakeside's book value per share changed from 0.14 in 2023 to 0.38 in 2025, a change of 164.2%.

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Financial statements for NASDAQ:LSH last updated on 7/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Lakeside (LSH) Financials

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Lakeside (LSH) Financials

Annual Income Statements for Lakeside

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Quarterly Cash Flow Statements for Lakeside

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Quarterly Balance Sheets for Lakeside

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Quarterly Metrics And Ratios for Lakeside

Financials Breakdown Chart

Key Financial Trends

Lakeside Financials - Frequently Asked Questions

When does Lakeside's financial year end?

How has Lakeside's net income changed over the last 2 years?

What is Lakeside's operating income?

How has Lakeside's revenue changed over the last 2 years?

How much debt does Lakeside have?

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How has Lakeside's book value per share changed over the last 2 years?

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