8-K Announcements
6Apr 15, 2026·SEC
Mar 31, 2026·SEC
Mar 17, 2026·SEC
LENSAR, Inc. (LNSR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LENSAR, Inc. (LNSR) stock price & volume — 10-year historical chart
LENSAR, Inc. (LNSR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
LENSAR, Inc. (LNSR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Nov 6, 2025 | $0.31vs $0.10-210.0% | $14Mvs $20M-29.5% |
| Q3 2025 | Aug 7, 2025 | $0.15vs $0.08-87.5% | $14Mvs $18M-21.5% |
| Q2 2025 | May 8, 2025 | $2.32vs $0.15-1446.7% | $14Mvs $13M+5.7% |
| Q1 2025 | Feb 27, 2025 | $1.61vs $0.18-794.4% | $17Mvs $14M+19.5% |
LENSAR, Inc. (LNSR) competitors in Vision, dental, and ENT devices — business model, growth, and fundamentals comparison
LENSAR, Inc. (LNSR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LENSAR, Inc. (LNSR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 24.39M | 30.53M | 26.38M | 34.46M | 35.36M | 42.16M | 53.49M | 58.44M |
| Revenue Growth % | - | 25.18% | -13.58% | 30.62% | 2.61% | 19.25% | 26.87% | 9.24% |
| Cost of Goods Sold | 14.78M | 17.3M | 12.31M | 16.63M | 15.4M | 21.06M | 27.64M | 31.31M |
| COGS % of Revenue | 60.59% | 56.67% | 46.65% | 48.25% | 43.56% | 49.94% | 51.68% | 53.59% |
| Gross Profit | 9.61M▲ 0% | 13.23M▲ 37.6% | 14.07M▲ 6.4% | 17.83M▲ 26.7% | 19.95M▲ 11.9% | 21.11M▲ 5.8% | 25.85M▲ 22.5% | 27.12M▲ 4.9% |
| Gross Margin % | 39.41% | 43.33% | 53.35% | 51.75% | 56.44% | 50.06% | 48.33% | 46.41% |
| Gross Profit Growth % | - | 37.64% | 6.4% | 26.7% | 11.9% | 5.77% | 22.48% | 4.92% |
| Operating Expenses | 18.93M | 25.94M | 32.58M | 37.48M | 40.13M | 33.34M | 36.52M | 51.7M |
| OpEx % of Revenue | 77.61% | 84.98% | 123.48% | 108.78% | 113.5% | 79.06% | 68.26% | 88.47% |
| Selling, General & Admin | 16.14M | 17.15M | 23.77M | 23.89M | 27.17M | 26.1M | 26.49M | 45.16M |
| SG&A % of Revenue | 66.19% | 56.17% | 90.09% | 69.32% | 76.84% | 61.9% | 49.52% | 77.28% |
| Research & Development | 2.78M | 7.57M | 7.55M | 12.36M | 11.81M | 6.14M | 5.33M | 5.62M |
| R&D % of Revenue | 11.42% | 24.79% | 28.63% | 35.86% | 33.41% | 14.56% | 9.96% | 9.62% |
| Other Operating Expenses | 0 | 1.23M | 1.26M | 1.24M | 1.15M | 1.1M | 4.7M | 921K |
| Operating Income | -9.32M▲ 0% | -12.71M▼ 36.5% | -18.5M▼ 45.5% | -19.65M▼ 6.2% | -20.18M▼ 2.7% | -12.23M▲ 39.4% | -10.66M▲ 12.8% | -24.58M▼ 130.5% |
| Operating Margin % | -38.2% | -41.65% | -70.13% | -57.03% | -57.06% | -29% | -19.94% | -42.06% |
| Operating Income Growth % | - | -36.47% | -45.52% | -6.22% | -2.67% | 39.39% | 12.79% | -130.45% |
| EBITDA | -4.73M | -8.85M | -15.43M | -16.89M | -16.77M | -8.71M | -6.73M | -20.08M |
| EBITDA Margin % | -19.38% | -28.98% | -58.49% | -49.01% | -47.43% | -20.67% | -12.59% | -34.36% |
| EBITDA Growth % | - | -87.22% | -74.41% | -9.43% | 0.69% | 48.04% | 22.72% | -198.13% |
| D&A (Non-Cash Add-back) | 4.59M | 3.87M | 3.07M | 2.76M | 3.41M | 3.52M | 3.93M | 4.5M |
| EBIT | -9.25M | -12.66M | -18.43M | -19.65M | -20.18M | -12.23M | -6.94M | -24.58M |
| Net Interest Income | 0 | -2M | -1.34M | 34K | 17K | 85K | 103K | 91K |
| Interest Income | 3.27M | 0 | 0 | 34K | 17K | 85K | 103K | 91K |
| Interest Expense | 0 | 2M | 1.34M | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -3.26M | -1.94M | -1.27M | 51K | 263K | -2.15M | -20.74M | -9.7M |
| Pretax Income | -12.57M▲ 0% | -14.66M▼ 16.6% | -19.77M▼ 34.9% | -19.6M▲ 0.9% | -19.91M▼ 1.6% | -14.38M▲ 27.8% | -31.4M▼ 118.3% | -34.28M▼ 9.2% |
| Pretax Margin % | -51.55% | -48.01% | -74.95% | -56.88% | -56.32% | -34.11% | -58.71% | -58.66% |
| Income Tax | 20K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.16% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -12.59M▲ 0% | -14.66M▼ 16.4% | -19.77M▼ 34.9% | -19.6M▲ 0.9% | -19.91M▼ 1.6% | -14.38M▲ 27.8% | -31.4M▼ 118.3% | -34.28M▼ 9.2% |
| Net Margin % | -51.64% | -48.01% | -74.95% | -56.88% | -56.32% | -34.11% | -58.71% | -58.66% |
| Net Income Growth % | - | -16.39% | -34.91% | 0.87% | -1.6% | 27.77% | -118.34% | -9.16% |
| Net Income (Continuing) | -12.59M | -14.66M | -19.77M | -19.6M | -19.91M | -14.38M | -31.4M | -34.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -11.77▲ 0% | -1.57▲ 86.7% | -1.81▼ 15.3% | -2.10▼ 16.0% | -1.96▲ 6.7% | -1.31▲ 33.2% | -2.73▼ 108.4% | -2.87▼ 5.1% |
| EPS Growth % | - | 86.66% | -15.29% | -16.02% | 6.67% | 33.16% | -108.4% | -5.13% |
| EPS (Basic) | -11.77 | -1.57 | -1.81 | -2.10 | -1.96 | -1.31 | -2.73 | -2.87 |
| Diluted Shares Outstanding | 1.07M | 10.64M | 10.93M | 9.37M | 10.16M | 10.97M | 11.52M | 11.96M |
| Basic Shares Outstanding | 1.07M | 10.64M | 10.93M | 9.37M | 10.16M | 10.97M | 11.52M | 11.96M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
LENSAR, Inc. (LNSR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 11.75M | 17.18M | 58.38M | 44.81M | 33.72M | 46.44M | 41.98M | 46.77M |
| Cash & Short-Term Investments | 3.34M | 4.62M | 40.6M | 31.64M | 14.67M | 24.06M | 22.45M | 17.98M |
| Cash Only | 3.34M | 4.62M | 40.6M | 31.64M | 14.67M | 20.62M | 16.26M | 12.97M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 3.44M | 6.19M | 5M |
| Accounts Receivable | 3.3M | 3.89M | 2.46M | 4.99M | 6.24M | 4.32M | 6.48M | 6.38M |
| Days Sales Outstanding | 49.42 | 46.46 | 33.98 | 52.83 | 64.42 | 37.43 | 44.21 | 39.83 |
| Inventory | 4.06M | 8.06M | 13.47M | 6.49M | 11.74M | 15.69M | 11.43M | 21.52M |
| Days Inventory Outstanding | 100.33 | 170.15 | 399.58 | 142.43 | 278.2 | 271.95 | 150.9 | 250.85 |
| Other Current Assets | 472K | 0 | 0 | 0 | 1.06M | 2.37M | 1.62M | 896K |
| Total Non-Current Assets | 17.14M | 17.35M | 20.73M | 21.65M | 22.13M | 23.14M | 24.32M | 24.66M |
| Property, Plant & Equipment | 3.62M | 2.15M | 4.42M | 7.45M | 6.88M | 10.28M | 664K | 505K |
| Fixed Asset Turnover | 6.74x | 14.19x | 5.98x | 4.63x | 5.14x | 4.10x | 80.56x | 115.71x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 12.29M | 13.37M | 12.11M | 10.87M | 12.12M | 11.03M | 6.11M | 5.19M |
| Long-Term Investments | 753K | 0 | 0 | 0 | 442K | 492K | 1.16M | 0 |
| Other Non-Current Assets | 476K | 1.84M | 4.21M | 3.34M | 3.13M | 1.34M | 16.38M | 18.96M |
| Total Assets | 28.89M▲ 0% | 34.54M▲ 19.6% | 79.12M▲ 129.1% | 66.47M▼ 16.0% | 55.84M▼ 16.0% | 69.58M▲ 24.6% | 66.3M▼ 4.7% | 71.43M▲ 7.7% |
| Asset Turnover | 0.84x | 0.88x | 0.33x | 0.52x | 0.63x | 0.61x | 0.81x | 0.82x |
| Asset Growth % | - | 19.56% | 129.09% | -15.99% | -15.98% | 24.61% | -4.73% | 7.74% |
| Total Current Liabilities | 7.66M | 7.83M | 8.47M | 8.71M | 11.42M | 11.63M | 15M | 40.57M |
| Accounts Payable | 1.41M | 1.58M | 2.48M | 2.69M | 5.42M | 4.01M | 6M | 18.98M |
| Days Payables Outstanding | 34.88 | 33.27 | 73.58 | 59.14 | 128.48 | 69.46 | 79.16 | 221.26 |
| Short-Term Debt | 653K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 871K | 777K | 923K | 904K | 768K | 1.35M | 1.68M | 3.07M |
| Other Current Liabilities | 1.98M | 4.67M | 2.97M | 3.38M | 3.52M | 4.01M | 5M | 15.05M |
| Current Ratio | 1.53x | 2.19x | 6.90x | 5.14x | 2.95x | 3.99x | 2.80x | 1.15x |
| Quick Ratio | 1.00x | 1.16x | 5.30x | 4.40x | 1.92x | 2.64x | 2.04x | 0.62x |
| Cash Conversion Cycle | 114.88 | 183.33 | 359.98 | 136.13 | 214.13 | 239.93 | 115.95 | 69.42 |
| Total Non-Current Liabilities | 41.69M | 57.26M | 3.44M | 2.87M | 2.44M | 10.78M | 32.65M | 56.88M |
| Long-Term Debt | 41.21M | 20.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 333K | 3.31M | 2.8M | 2.27M | 1.75M | 2.09M | 1.99M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 479K | 36.73M | 129K | 69K | 167K | 9.03M | 30.56M | 54.89M |
| Total Liabilities | 49.35M | 65.09M | 11.91M | 11.59M | 13.86M | 22.41M | 47.65M | 97.45M |
| Total Debt | 41.21M | 20.53M | 3.81M | 3.31M | 2.8M | 2.31M | 2.61M | 2.73M |
| Net Debt | 37.87M | 15.92M | -36.79M | -28.32M | -11.87M | -18.31M | -13.65M | -10.24M |
| Debt / Equity | - | - | 0.06x | 0.06x | 0.07x | 0.05x | 0.14x | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | - | -6.32x | -13.76x | - | - | - | - | - |
| Total Equity | -20.46M▲ 0% | -30.55M▼ 49.3% | 67.21M▲ 320.0% | 54.88M▼ 18.3% | 41.98M▼ 23.5% | 47.18M▲ 12.4% | 18.65M▼ 60.5% | -26.02M▼ 239.5% |
| Equity Growth % | - | -49.29% | 319.98% | -18.35% | -23.5% | 12.37% | -60.48% | -239.54% |
| Book Value per Share | -19.13 | -2.87 | 6.15 | 5.85 | 4.13 | 4.30 | 1.62 | -2.18 |
| Total Shareholders' Equity | -20.46M | -30.55M | 67.21M | 54.88M | 41.98M | 47.18M | 18.65M | -26.02M |
| Common Stock | 96K | 11K | 109K | 110K | 111K | 113K | 116K | 120K |
| Retained Earnings | -23.53M | -38.19M | -57.99M | -77.59M | -97.51M | -111.89M | -143.29M | -177.57M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -23.53M | 0 | 0 | 0 | 0 | 4K | 6K | 4K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LENSAR, Inc. (LNSR) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.89M | -12.59M | -13.79M | -8.97M | -14.86M | -9.66M | -2.27M | -14.83M |
| Operating CF Margin % | -7.73% | -41.24% | -52.27% | -26.03% | -42.02% | -22.91% | -4.25% | -25.38% |
| Operating CF Growth % | - | -567.85% | -9.55% | 34.96% | -65.64% | 34.98% | 76.45% | -551.91% |
| Net Income | -12.59M | -14.66M | -19.77M | -19.6M | -19.91M | -14.38M | -31.4M | -34.28M |
| Depreciation & Amortization | 4.59M | 3.87M | 2.56M | 2.76M | 3.41M | 3.52M | 3.93M | 4.5M |
| Stock-Based Compensation | 1.32M | 102K | 9.04M | 6.87M | 6.61M | 5.54M | 2.67M | 3.14M |
| Deferred Taxes | 0 | -78K | 57K | 527K | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 9.15M | 537K | 505K | 517K | 618K | 3.45M | 25.58M | 10.7M |
| Working Capital Changes | 5.92M | -2.36M | -6.19M | -42K | -5.58M | -7.78M | -3.04M | 1.1M |
| Change in Receivables | 443K | 14K | 1.33M | -2.65M | -1.44M | 1.08M | -2.1M | 289K |
| Change in Inventory | -876K | -4.77M | -8.7M | 2.33M | -6.89M | -7.46M | -4.9M | -13.9M |
| Change in Payables | 663K | 127K | 910K | 213K | 2.73M | -1.42M | 1.96M | 12.99M |
| Cash from Investing | -3.89M | -2.09M | -326K | -354K | -115K | -4.16M | -2.16M | 1.28M |
| Capital Expenditures | -3.25M | -2.09M | -366K | -354K | -115K | -236K | -156K | -83K |
| CapEx % of Revenue | 13.32% | 6.84% | 1.39% | 1.03% | 0.33% | 0.56% | 0.29% | 0.14% |
| Acquisitions | -644K | 0 | 40K | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -644K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 6.96M | 15.95M | 50M | 361K | -1.99M | 19.76M | 78K | 10.26M |
| Debt Issued (Net) | 3.5M | 13.22M | 12.4M | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 3.87M | 3.83M | 39.46M | 361K | 408K | 13.88M | 58K | 258K |
| Dividends Paid | -198K | -31K | -1.86M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -214K | -1.07M | 0 | 0 | -2.4M | 5.88M | 20K | 10M |
| Net Change in Cash | 1.18M▲ 0% | 1.27M▲ 7.9% | 35.88M▲ 2723.3% | -8.96M▼ 125.0% | -16.96M▼ 89.3% | 5.95M▲ 135.1% | -4.36M▼ 173.3% | -3.29M▲ 24.5% |
| Free Cash Flow | -5.13M▲ 0% | -14.68M▼ 186.0% | -14.16M▲ 3.5% | -9.32M▲ 34.1% | -14.97M▼ 60.6% | -9.89M▲ 33.9% | -2.43M▲ 75.4% | -14.91M▼ 513.5% |
| FCF Margin % | -21.05% | -48.08% | -53.66% | -27.06% | -42.34% | -23.47% | -4.54% | -25.52% |
| FCF Growth % | - | -185.95% | 3.55% | 34.15% | -60.58% | 33.91% | 75.43% | -513.49% |
| FCF per Share | -4.80 | -1.38 | -1.29 | -0.99 | -1.47 | -0.90 | -0.21 | -1.25 |
| FCF Conversion (FCF/Net Income) | 0.15x | 0.86x | 0.70x | 0.46x | 0.75x | 0.67x | 0.07x | 0.43x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 19K | 3K | 18K | 24K | 42K |
LENSAR, Inc. (LNSR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -107.89% | -32.11% | -41.12% | -32.26% | -95.42% | - |
| Return on Invested Capital (ROIC) | -40.15% | -689.23% | -175.84% | -51.74% | -53.41% | -31.1% | -47.24% | - |
| Gross Margin | 39.41% | 43.33% | 53.35% | 51.75% | 56.44% | 50.06% | 48.33% | 46.41% |
| Net Margin | -51.64% | -48.01% | -74.95% | -56.88% | -56.32% | -34.11% | -58.71% | -58.66% |
| Debt / Equity | - | - | 0.06x | 0.06x | 0.07x | 0.05x | 0.14x | - |
| Interest Coverage | - | -6.32x | -13.76x | - | - | - | - | - |
| FCF Conversion | 0.15x | 0.86x | 0.70x | 0.46x | 0.75x | 0.67x | 0.07x | 0.43x |
| Revenue Growth | - | 25.18% | -13.58% | 30.62% | 2.61% | 19.25% | 26.87% | 9.24% |
LENSAR, Inc. (LNSR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 15, 2026·SEC
Mar 31, 2026·SEC
Mar 17, 2026·SEC
LENSAR, Inc. (LNSR) stock FAQ — growth, dividends, profitability & financials explained
LENSAR, Inc. (LNSR) reported $58.4M in revenue for fiscal year 2025. This represents a 140% increase from $24.4M in 2018.
LENSAR, Inc. (LNSR) grew revenue by 9.2% over the past year. This is steady growth.
LENSAR, Inc. (LNSR) reported a net loss of $34.3M for fiscal year 2025.
LENSAR, Inc. (LNSR) had negative free cash flow of $14.9M in fiscal year 2025, likely due to heavy capital investments.
LENSAR, Inc. (LNSR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates