A company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
Sales up 109% in the latest quarter vs a year ago
Sales up 83% last year
Watch out for
Losing money, losses are large next to sales
High debt: 3.88x equity
Bills due within a year exceed short-term assets
Money moves
Insiders sold $26.5M in the last 30 days, all through pre-planned sales
Institutions added 4.6% to their holdings in the quarter ending June 2026 (879 bought, 455 sold)
Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$818.54+8.3% that day
Company value
$73.4B
Share price times all shares
Price vs sales
24.4x
No profit over the last year, so this compares value with sales instead
Cash vs value
3%
Cash as a share of company value
Debt vs value
4%
Debt as a share of company value
From LITE's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26 (worked out from yearly totals)
$1.0B+109% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $3.0B, up 83% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of LITE. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$11.2B
Profit in 5 years$1.1B
Price these guesses point to$187.14-77% vs $818.54 todayAbout -26% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 75% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissDebt under half of equityNot relying on borrowed money.3.88x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-230.1%
MissProfitable every yearSteady profits, not one good year.5 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$300.1M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.5% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.41.7%
Revenue
$3.0B
+83.2% vs prior year
Total debt
$3.3B
3.88x equity
Current ratio
0.61x
short-term assets / bills due
Free cash flow
$300.1M
10.0% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 27, 2026
Reported Aug 11
Revenue
$1.0B
+109.3% YoY
EPS
-$95.55
vs $3.09
Op. margin
27.8%
+29.5 pts
Gross margin
47.4%
+14.1 pts
Free cash flow
$196.2M
Share count
+28.3%
vs a year ago
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
43Mixed
Pre-planned sales of $27.4M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
5.7
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.6%
Institutions added 4.6% to their holdings. 879 bought, 455 sold.
Shares held by institutions82.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+10.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $1.6B debt
Shares outstandingLatest reported
90M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 10.4% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 11
Results filedMay 5
Results filedFeb 3
Results filedNov 4, 2025
Results filedAug 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days