Lite Strategy, Inc. (LITS) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
9920 PACIFIC HEIGHTS BLVD SAN DIEGO, CA 92121 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 MRQ | 6/30/2025 | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 18,000 | 38,300 | 100,693 | 153,252 | 153,426 | 182,630 | |||
| Cash and cash equivalent | 18,011 | 3,705 | 16,906 | 15,740 | 8,543 | 12,331 | |||
| Short-term investments | 34,640 | 83,787 | 137,512 | 144,883 | 170,299 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | (11) | (45) | |||||||
| Prepaid expense | 235 | 1,374 | |||||||
| Contract with customer, asset, after allowance for credit loss | 85 | 10,044 | 7,582 | 604 | |||||
| Other undisclosed current assets | 50 | 1,095 | 6,750 | 3,830 | 3,809 | 25,410 | |||
| Total current assets: | 18,285 | 40,769 | 107,528 | 167,126 | 164,817 | 208,644 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 214 | 11,972 | 9,054 | 7,774 | |||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 392 | 1,309 | 1,660 | 1,507 | 1,084 | ||||
| Other noncurrent assets | |||||||||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 606 | 13,281 | 10,714 | 9,281 | 1,084 | ||||
| TOTAL ASSETS: | 18,285 | 41,375 | 120,809 | 177,840 | 174,098 | 209,728 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,354 | 8,355 | 18,595 | 23,084 | 14,757 | 8,527 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 4,346 | ||||
| Accounts payable | 176 | 3,168 | 6,134 | 7,918 | 6,355 | 2,437 | |||
| Accrued liabilities | 1,178 | 5,187 | 12,461 | 10,820 | 8,402 | 6,090 | |||
| Deferred revenue | 317 | 4,834 | 4,526 | 14,777 | |||||
| Other undisclosed current liabilities | 1,428 | (3,475) | 928 | ||||||
| Total current liabilities: | 1,354 | 8,355 | 20,340 | 24,443 | 20,211 | 23,304 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 8,771 | 7,370 | |||||||
| Liabilities, other than long-term debt | 75,845 | 90,610 | 74,696 | 67,723 | |||||
| Deferred revenue | 64,545 | 90,610 | 74,696 | 67,723 | |||||
| Operating lease, liability | 11,300 | 8,771 | 7,370 | ||||||
| Other undisclosed noncurrent liabilities | 1,603 | 22,355 | 40,483 | ||||||
| Total noncurrent liabilities: | 75,845 | 100,984 | 104,421 | 108,206 | |||||
| Total liabilities: | 1,354 | 8,355 | 96,185 | 125,427 | 124,632 | 131,510 | |||
| Equity | |||||||||
| Equity, attributable to parent | 16,931 | 33,020 | 24,624 | 52,413 | 49,466 | 78,218 | |||
| Treasury stock, value | |||||||||
| Additional paid in capital | 421,095 | 421,239 | 430,621 | 426,572 | 369,171 | 355,452 | |||
| Accumulated deficit | (404,164) | (388,219) | (405,997) | (374,159) | (319,705) | (277,234) | |||
| Total equity: | 16,931 | 33,020 | 24,624 | 52,413 | 49,466 | 78,218 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,285 | 41,375 | 120,809 | 177,840 | 174,098 | 209,728 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 TTM | 6/30/2025 | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 65,297 | 48,816 | 40,697 | 34,796 | 28,913 | |||
| Cost of revenue | (486) | (1,408) | (2,671) | |||||
| Cost of product and service sold | (1,408) | (2,671) | ||||||
| Gross profit: | (486) | 65,297 | 48,816 | 40,697 | 33,388 | 26,242 | ||
| Operating expenses | (16,969) | (61,686) | (85,580) | (116,181) | (93,812) | (50,782) | ||
| Other operating expense, net (Other Expenses) | ||||||||
| Other undisclosed operating income | 10,931 | |||||||
| Operating income (loss): | (17,455) | 14,542 | (36,764) | (75,484) | (60,424) | (24,540) | ||
| Nonoperating income (expense) | 1,510 | 3,236 | 4,926 | 21,030 | 996 | 1,395 | ||
| Investment income, nonoperating | 1,026 | 3,277 | 3,345 | 284 | 510 | 1,395 | ||
| Other nonoperating income (expense) | (16) | (41) | (22) | (6) | 486 | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 18,122 | (22,871) | ||||||
| Income (loss) from continuing operations before income taxes: | (15,945) | 17,778 | (31,838) | (54,454) | (41,306) | (46,016) | ||
| Income tax expense | (8) | (1) | ||||||
| Income (loss) from continuing operations: | (15,945) | 17,778 | (31,838) | (54,454) | (41,314) | (46,017) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (54,454) | (41,314) | (46,017) | |
| Other undisclosed net income | 1 | |||||||
| Net income (loss) available to common stockholders, basic: | (15,945) | 17,778 | (31,838) | (54,454) | (41,314) | (46,016) | ||
| Other undisclosed net loss available to common stockholders, diluted | (8,046) | (27,394) | ||||||
| Net income (loss) available to common stockholders, diluted: | (15,945) | 17,778 | (31,838) | (62,500) | (68,708) | (46,016) | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 TTM | 6/30/2025 | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (15,945) | 17,778 | (31,838) | (54,454) | (41,314) | (46,016) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (15,945) | 17,778 | (31,838) | (54,454) | (41,314) | (46,016) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.