LANTRONIX INC LTRX
that power National Defense Authorization Act ("NDAA")-compliant unmanned systems, critical infrastructure and resilient enterprise
networks. We deliver intelligent computing, secure connectivity, and remote management for mission-critical applications, enabling customers
to optimize operations, enhance security and accelerate digital transformation. Our comprehensive portfolio of hardware, software, and
services, powers applications ranging from mission-critical autonomous platforms and edge analytics for critical infrastructure to intelligent
Last close
5.22
2026-09-04
Market cap
$243.8M
2026-06-30 share count
52-week range
4.37 - 8.75
Valuation FY2026 figures against the last close
P/S2.0x
P/E—
P/FCF26.3x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.10
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120.9M | $122.9M | $160.3M | $131.2M | $129.7M | $71.5M | $59.9M | $46.9M | $45.6M | $44.7M |
| Cost of revenue | $255.0K | $220.0K | $376.0K | $74.9M | $74.1M | $38.5M | $33.0M | $20.6M | $20.2M | $21.1M |
| Gross profit | $52.9M | $51.7M | $64.4M | $56.3M | $55.6M | $33.0M | $26.9M | $26.3M | $25.4M | $23.6M |
| R&D | $17.6M | $18.6M | $20.3M | $19.6M | $17.7M | $11.1M | $9.7M | $9.1M | $7.8M | $8.0M |
| SG&A | $37.0M | $36.2M | $40.2M | $36.9M | $34.5M | $20.8M | $19.6M | $15.9M | $16.3M | $15.8M |
| Total operating expenses | $57.0M | $62.7M | $67.2M | $62.9M | $60.6M | $36.4M | $37.4M | $26.8M | $24.6M | $23.8M |
| Operating income | -$4.1M | -$11.0M | -$2.9M | -$6.7M | -$5.0M | -$3.3M | -$10.5M | -$488.0K | $804.0K | -$183.0K |
| Interest expense | $133.0K | $511.0K | $916.0K | $1.5M | $1.5M | $315.0K | $133.0K | $236.0K | $18.0K | $23.0K |
| Pre-tax income | -$3.9M | -$11.6M | -$3.8M | -$8.2M | -$7.2M | -$3.8M | -$10.6M | -$267.0K | $778.0K | -$209.0K |
| Income tax | $279.0K | $239.0K | $745.0K | $748.0K | $1.8M | $195.0K | $144.0K | $141.0K | $98.0K | $68.0K |
| Net income | -$4.2M | -$11.4M | -$4.5M | -$9.0M | -$5.4M | -$4.0M | -$10.7M | -$408.0K | $680.0K | -$277.0K |
| EPS, basic | -0.10 | -0.29 | -0.12 | -0.25 | -0.16 | -0.14 | — | -0.02 | 0.04 | -0.02 |
| EPS, diluted | -0.10 | -0.29 | -0.12 | -0.25 | -0.16 | -0.14 | -0.42 | -0.02 | 0.04 | -0.02 |
| Shares, diluted (wtd. avg.) | $40.1M | $38.6M | $37.4M | $36.3M | $32.7M | $28.7M | — | $21.6M | $19.2M | $17.5M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $60.5M | $20.1M | $26.2M | $13.5M | $17.2M | $9.7M | $7.7M | $18.3M | $9.6M | $8.1M |
| Receivables | $25.3M | $25.1M | $31.3M | $27.7M | $26.3M | $13.5M | $11.4M | $7.4M | $4.2M | $3.4M |
| Inventory | $25.8M | $26.4M | $27.7M | $49.7M | $37.7M | $15.1M | $13.8M | $10.5M | $8.4M | $7.0M |
| Total current assets | $117.4M | $77.4M | $89.0M | $96.6M | $90.0M | $43.2M | $34.5M | $38.2M | $23.3M | $19.4M |
| Property, plant and equipment | $1.5M | $2.5M | $4.0M | $4.6M | $3.7M | $1.6M | $1.6M | $1.2M | $1.0M | $1.2M |
| Goodwill | $31.1M | $31.1M | $27.8M | $27.8M | $20.8M | $15.8M | $15.8M | $9.5M | $9.5M | $9.5M |
| Other intangibles | $2.2M | $3.7M | $5.3M | $10.6M | $14.6M | $9.4M | $12.4M | $0 | — | — |
| Total assets | $160.3M | $123.7M | $136.2M | $151.6M | $137.4M | $72.6M | $67.9M | $48.9M | $33.9M | $30.1M |
| Accounts payable | $17.0M | $13.3M | $10.3M | $12.4M | $20.6M | $9.1M | $5.3M | $4.7M | $3.9M | $2.7M |
| Short-term debt | $0 | $3.1M | $3.0M | $2.7M | $1.7M | $1.5M | $1.5M | $0 | — | — |
| Total current liabilities | $32.1M | $30.4M | $30.2M | $46.4M | $35.5M | $22.9M | $15.8M | $11.5M | $9.7M | $9.0M |
| Long-term debt | $0 | $8.7M | $13.2M | $16.2M | $14.3M | $2.2M | $3.7M | $0 | — | — |
| Total liabilities | $41.1M | $49.3M | $54.9M | $74.1M | $57.5M | $26.5M | $21.4M | $11.7M | $10.0M | $9.4M |
| Retained earnings | -$238.6M | -$234.4M | -$223.0M | -$218.5M | -$209.5M | -$204.2M | -$200.1M | -$189.4M | -$189.6M | -$190.2M |
| Total equity | $119.3M | $74.4M | $81.4M | $77.6M | $79.9M | $46.1M | $46.5M | $37.3M | $23.8M | $20.7M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.9M | $7.3M | $18.6M | $237.0K | -$9.4M | $4.3M | -$2.5M | -$1.7M | $509.0K | $2.1M |
| Depreciation and amortisation | $1.6M | $2.1M | $2.2M | $1.7M | $1.0M | $817.0K | $768.0K | $464.0K | $442.0K | $594.0K |
| Stock-based compensation | $6.3M | $6.1M | $8.3M | $6.2M | $6.2M | $3.6M | $3.6M | $1.9M | $1.2M | $912.0K |
| Capital expenditure | $612.0K | $505.0K | $1.5M | $2.7M | $2.1M | $783.0K | $572.0K | $891.0K | $229.0K | $236.0K |
| Investing cash flow | -$612.0K | -$7.0M | -$1.5M | -$7.3M | -$25.7M | -$783.0K | -$14.0M | -$891.0K | -$229.0K | -$236.0K |
| Financing cash flow | $31.1M | -$6.5M | -$4.4M | $3.3M | $42.6M | -$1.5M | $5.9M | $11.4M | $1.2M | $275.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-26-006754.
Others in SIC 3576
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CSCO | CISCO SYSTEMS, INC. | $430.53B | 32.8x | 11.8% |
| ANET | Arista Networks, Inc. | $244.40B | 70.5x | 28.6% |
| FFIV | F5, INC. | $22.11B | 33.1x | 9.7% |
| EXTR | EXTREME NETWORKS INC | $2.83B | 70.0x | 12.6% |
| DGII | DIGI INTERNATIONAL INC | $2.63B | 64.2x | 1.5% |
| ATEN | A10 Networks, Inc. | $1.79B | 43.1x | 11.0% |
| NTGR | NETGEAR, INC. | $579.2M | — | 3.8% |
| CIIT | Tianci International, Inc. | $29.4M | — | 7.7% |