LSAK (LSAK) financial statements
LSAK reported revenue of $722M in fiscal 2026, up 1.9% a year over 9 years.
Net income was $3M and the operating margin 1.8%, against 15.9% in 2017.
Free cash flow was $32M, and the company returned $339,000 in net buybacks.
The diluted share count rose 47% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LSAK's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $610M | $460M | $161M | $144M | $131M | $223M | $528M | $564M | $660M | $722M |
| Cost of revenue | $292M | $244M | $124M | $102M | $96M | $168M | $418M | $443M | $487M | $491M |
| Gross profit | $318M | $216M | $37M | $42M | $35M | $54M | $110M | $121M | $173M | $231M |
| Research and development | $2M | $800,000 | $700,000 | $2M | $300,000 | $500,000 | $500,000 | $500,000 | $500,000 | $800,000 |
| Selling, general and admin | $179M | $131M | $145M | $75M | $84M | $75M | $95M | $87M | $124M | $153M |
| Operating income | $97M | $54M | -$135M | -$44M | -$54M | -$40M | -$15M | $3M | -$28M | $13M |
| Interest expense | $3M | $9M | $10M | $8M | $3M | $6M | $19M | $19M | $22M | $19M |
| Pre-tax income | $114M | $95M | -$319M | -$65M | -$6M | -$40M | -$32M | -$14M | -$107M | $4M |
| Income tax | $43M | $45M | -$5M | $3M | $8M | $327,000 | -$2M | $3M | -$16M | $1M |
| Net income | $73M | $62M | -$311M | -$78M | -$38M | -$44M | -$6M | -$19M | -$91M | $3M |
| EPS (diluted) | $1.33 | $1.09 | -$5.48 | -$1.37 | -$0.67 | -$0.75 | -$0.56 | -$0.29 | -$1.19 | $0.03 |
| Diluted shares | 54M | 56M | 56M | 56M | 57M | 57M | 60M | 61M | 74M | 80M |
| Gross margin | 52.1% | 47.0% | 22.7% | 29.1% | 26.4% | 24.4% | 20.9% | 21.4% | 26.2% | 32.0% |
| Operating margin | 15.9% | 11.7% | -84.0% | -30.7% | -41.2% | -18.1% | -2.9% | 0.5% | -4.2% | 1.8% |
| Net margin | 12.0% | 13.5% | -193.6% | -54.3% | -29.1% | -19.7% | -1.1% | -3.3% | -13.8% | 0.4% |
Balance sheet
Fiscal years, from LSAK's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $258M | $90M | $46M | $218M | $199M | $44M | $35M | $59M | $77M | $81M |
| Receivables | $111M | $110M | $31M | $43M | $27M | $29M | $26M | $37M | $43M | $141,000 |
| Inventory | $8M | $10M | $6M | $20M | $22M | $34M | $27M | $18M | $24M | $20M |
| Total current assets | $1.1B | $427M | $296M | $319M | $294M | $218M | $164M | $188M | $244M | $268M |
| Property, plant and equipment | $39M | $26M | $8M | $7M | $7M | $25M | $27M | $32M | $45M | $50M |
| Goodwill | $76M | $53M | $37M | $24M | $29M | $163M | $134M | $139M | $199M | $215M |
| Total assets | $1.5B | $1.2B | $670M | $454M | $428M | $657M | $542M | $558M | $651M | $699M |
| Total current liabilities | $721M | $283M | $238M | $71M | $52M | $146M | $102M | $130M | $164M | $169M |
| Long-term debt | $8M | $5M | $0 | — | $0 | $135M | $129M | $127M | $189M | $195M |
| Total liabilities | $743M | $373M | $245M | $78M | $67M | $342M | $283M | $303M | $396M | $415M |
| Shareholders' equity | $598M | $641M | $317M | $290M | $276M | $235M | $179M | $176M | $159M | $205M |
| Net debt | -$242M | -$41M | -$46M | -$218M | -$199M | $233M | $98M | $84M | $124M | $129M |
Cash flow
Fiscal years, from LSAK's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $97M | $132M | -$4M | -$46M | -$58M | -$37M | $410,000 | $29M | -$9M | $52M |
| Capital spending | $11M | $10M | $9M | $6M | $4M | $5M | $16M | $13M | $17M | $21M |
| Free cash flow | $86M | $123M | -$14M | -$52M | -$63M | -$42M | -$16M | $16M | -$26M | $32M |
| Stock-based compensation | $2M | $3M | $393,000 | $2M | $344,000 | $3M | $7M | $8M | $10M | $7M |
| Share buybacks (net) | -$46M | — | — | — | $0 | $0 | -$1M | -$1M | -$14M | -$339,000 |
| Net borrowing | -$37M | -$77M | -$37M | -$15M | $0 | -$6M | -$18M | -$20M | -$150M | -$14M |
| Free cash flow margin | 14.1% | 26.7% | -8.6% | -36.0% | -47.9% | -18.8% | -3.0% | 2.9% | -4.0% | 4.4% |
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Open LSAK in InvestinglyQuestions
What was LSAK's revenue in 2026?
$722M in fiscal 2026, from its 10-K filing.
How much free cash flow does LSAK generate?
$32M in fiscal 2026 (operating cash flow minus capital spending).
From LSAK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.