LIGHTPATH TECHNOLOGIES INC
Cash Flow Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-4.1M | $-9.4M | $-2.9M | $-3.6M | $-2.6M | $-1.6M | $-2.6M | $-1.7M |
| Depreciation & Amortization | — | — | $1.2M | — | — | $989.6K | — | — |
| Depreciation | $800.0K | $800.0K | $800.0K | $700.0K | $600.0K | $600.0K | — | — |
| Amortization | $477.2K | $450.5K | $450.5K | $779.0K | $294.7K | $395.8K | $434.4K | $485.4K |
| Stock-Based Compensation | — | — | $359.7K | — | — | $264.5K | $264.5K | $258.7K |
| Net Cash from Operating Activities | $-6.8M | $2.8M | $-1.1M | $-3.2M | $-737.4K | $-1.7M | $-394.2K | $-289.4K |
| Investing Activities | ||||||||
| Capital Expenditures | $899.5K | $867.9K | $77.0K | $420.6K | $80.4K | $79.7K | $408.3K | $529.4K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | — | $-77.0K | — | — | $-69.1K | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Financing Activities | — | — | $7.8M | — | — | $2.5M | — | — |
| Net Change in Cash | — | — | $6.6M | — | — | $800.4K | — | — |
| Free Cash Flow | $-7.7M | $2.0M | $-1.2M | $-3.7M | $-817.8K | $-1.8M | $-802.5K | $-818.8K |