LZM (LZM) financial statements
LZM reported revenue of $1M in fiscal 2025, down 15.7% a year over 4 years.
Net income was -$14M and the operating margin -1742.2%, against -861.6% in 2021.
The diluted share count rose 38% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LZM's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $1M | $140,522 | $1M |
| Cost of revenue | — | $0 | $753,914 | $86,872 | $533,595 |
| Gross profit | $2M | $3M | $723,912 | $53,650 | $523,448 |
| Selling, general and admin | $20M | $29M | $366M | $39M | $19M |
| Operating income | -$18M | -$26M | -$365M | -$48M | -$18M |
| Interest expense | $160,840 | $266,354 | $211,979 | $6M | $10M |
| Pre-tax income | -$18M | -$25M | -$365M | -$47M | -$14M |
| Income tax | — | — | $0 | $540,126 | -$263,493 |
| Net income | -$18M | -$24M | -$364M | -$46M | -$14M |
| EPS (diluted) | -$0.32 | -$0.40 | -$5.34 | -$0.59 | -$0.17 |
| Diluted shares | 58M | 63M | 86M | 79M | 80M |
| Gross margin | 100.0% | 100.0% | 49.0% | 38.2% | 49.5% |
| Operating margin | -861.6% | -877.5% | -24710.3% | -34353.8% | -1742.2% |
| Net margin | -860.3% | -805.6% | -24622.3% | -32952.3% | -1289.2% |
Balance sheet
Fiscal years, from LZM's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $46M | $21M | $49M | $29M | $20M |
| Receivables | — | $6M | $4M | $2M | $2M |
| Inventory | — | $49,736 | $100,780 | $162,004 | $58,017 |
| Total current assets | — | $77M | $55M | $32M | $27M |
| Property, plant and equipment | — | $884,322 | $6M | $5M | $4M |
| Goodwill | — | $0 | $9M | $0 | $0 |
| Total assets | $62M | $97M | $142M | $157M | $176M |
| Total current liabilities | — | $17M | $13M | $56M | $59M |
| Total liabilities | $8M | $21M | $14M | $57M | $103M |
| Shareholders' equity | $54M | $65M | $118M | $90M | $74M |
| Net debt | -$46M | -$21M | -$49M | -$29M | -$20M |
Cash flow
Fiscal years, from LZM's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$7M | -$17M | -$27M | -$16M | -$16M |
| Stock-based compensation | — | $0 | $266M | $18M | $2M |
| Net borrowing | — | $0 | $70M | $0 | $0 |
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Open LZM in InvestinglyQuestions
What was LZM's revenue in 2025?
$1M in fiscal 2025, from its 10-K filing.
From LZM's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.