LANTRONIX INC (LTRX) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — LTRX

Balance Sheet

(in millions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	23.52	22.96	22.19	20.00	19.21	26.40	24.64	22.15	19.48	12.80	6.81	13.13	22.78	36.36	10.27	8.28	7.62	7.71
Accounts Receivable	23.51	23.26	21.93	23.65	30.47	30.80	28.54	30.38	30.11	25.61	27.68	26.67	23.19	23.87	21.77	11.62	13.30	12.35
Inventory	26.42	27.07	26.76	28.15	29.07	29.53	40.55	42.77	45.80	51.73	49.16	45.26	33.17	29.37	26.56	15.08	14.30	13.89
Total Current Assets	76.98	77.90	74.42	76.46	85.55	92.62	97.88	99.91	98.91	95.89	90.05	90.56	85.16	94.34	63.29	38.57	37.49	36.18
Property, Plant & Equipment	1.67	1.82	2.11	2.77	3.16	3.64	4.41	4.82	4.93	4.81	5.08	4.86	2.33	1.83	1.77	1.44	1.59	1.56
Goodwill	31.09	31.09	31.09	31.09	30.49	27.82	27.82	27.82	27.82	27.86	27.15	27.15	18.76	18.76	18.27	15.81	15.81	15.81
Intangible Assets	2.33	2.54	3.14	4.31	4.66	4.00	6.56	7.87	9.18	12.03	14.11	15.61	16.04	17.52	19.40	9.93	10.69	11.57
Total Non-current Assets*	43.04	43.83	45.14	47.73	48.67	45.24	49.51	51.72	53.49	55.60	57.74	59.58	45.82	40.14	41.89	29.70	30.93	32.15
Total Assets	120.02	121.73	119.57	124.19	134.22	137.86	147.39	151.62	152.40	151.49	147.79	150.13	130.98	134.48	105.19	68.27	68.42	68.33
Accounts Payable	13.73	12.67	9.63	11.01	15.98	17.15	13.85	9.60	9.15	15.19	16.72	15.38	15.51	13.31	15.60	6.79	7.47	6.68
Short-term Debt	0.00	0.00	0.00	3.06	3.06	3.06	3.00	3.00	3.00	2.48	2.22	1.97	1.67	1.47	1.52	1.47	1.47	1.47
Total Current Liabilities	28.09	28.37	24.72	28.57	33.44	35.51	43.57	47.99	48.75	45.95	39.48	40.24	33.34	30.16	31.10	18.72	18.07	16.88
Long-term Debt	8.69	9.68	10.66	9.46	11.63	12.41	13.97	14.72	15.47	16.97	17.72	18.47	14.69	26.52	27.08	2.58	2.95	3.31
Total Non-current Liabilities*	17.45	18.94	20.40	20.15	22.88	23.42	25.73	26.86	26.66	27.51	28.79	30.15	22.61	27.81	28.45	3.64	4.24	4.95
Total Liabilities	45.55	47.31	45.12	48.72	56.31	58.93	69.31	74.85	75.41	73.46	68.27	70.39	55.95	57.97	59.55	22.36	22.31	21.83
Retained Earnings	(238.31)	(237.12)	(235.79)	(231.76)	(227.89)	(225.52)	(223.41)	(222.98)	(220.39)	(216.85)	(213.79)	(211.18)	(212.03)	(208.84)	(206.45)	(203.07)	(201.88)	(200.42)
Total Stockholder Equity	74.47	74.42	74.45	75.47	77.91	78.93	78.08	76.78	76.99	78.03	79.52	79.74	75.03	76.51	45.63	45.91	46.11	46.50

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Total Revenue	31.15	30.18	29.77	29.79	28.84	28.50	31.16	34.42	49.08	41.18	37.04	33.03	34.92	32.96	31.51	31.80	35.95	32.32	33.68	27.71
Cost of Revenue	17.55	17.17	16.81	16.45	17.30	16.10	17.88	19.95	30.35	24.68	22.01	18.93	21.13	18.33	17.71	17.76	20.88	18.71	19.24	15.24
Gross Profit	13.61	13.01	12.97	13.35	11.54	12.40	13.28	14.48	18.72	16.50	15.03	14.10	13.80	14.64	13.79	14.04	15.07	13.62	14.44	12.46
Research & Development	4.19	4.15	4.62	4.60	4.19	4.46	4.98	4.96	5.27	5.19	4.72	5.11	4.95	5.07	5.08	4.53	4.85	4.48	4.31	4.04
Selling, General & Admin	9.33	9.43	8.74	9.54	8.98	8.96	8.81	9.50	11.06	9.75	10.22	9.17	8.03	9.95	9.81	9.16	9.36	8.33	8.94	7.91
Total Operating Expenses	14.00	14.13	14.04	14.87	14.67	15.98	15.44	16.60	18.16	16.60	16.79	15.67	14.56	17.07	15.91	15.41	14.50	15.70	16.18	14.22
Operating Income	(0.39)	(1.13)	(1.07)	(1.53)	(3.13)	(3.58)	(2.16)	(2.13)	0.56	(0.09)	(1.76)	(1.57)	(0.76)	(2.43)	(2.11)	(1.37)	0.57	(2.08)	(1.74)	(1.76)
Interest Expense	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	0.56	0.36
Pretax Income	(0.31)	(1.15)	(1.09)	(1.36)	(3.29)	(3.76)	(2.28)	(2.28)	0.40	(0.26)	(2.01)	(1.89)	(1.22)	(2.92)	--	--	--	--	--	--
Tax Provision	(0.04)	0.03	0.24	0.04	(0.66)	0.11	0.09	0.22	0.01	0.16	0.58	(0.01)	0.44	0.14	0.12	0.05	1.61	0.08	0.11	0.04
Net Income	(0.27)	(1.18)	(1.33)	(1.40)	(2.63)	(3.87)	(2.37)	(2.50)	0.39	(0.42)	(2.59)	(1.89)	(1.65)	(3.06)	(2.61)	(1.65)	2.51	(3.19)	(2.39)	(2.28)
Basic EPS	--	(0.03)	(0.03)	(0.04)	(0.06)	(0.10)	(0.06)	(0.07)	0.01	(0.01)	(0.07)	(0.05)	(0.05)	(0.08)	(0.07)	(0.05)	0.09	--	--	--
Diluted EPS	--	(0.03)	(0.03)	(0.04)	(0.06)	(0.10)	(0.06)	(0.07)	0.01	(0.01)	(0.07)	(0.05)	(0.05)	(0.08)	(0.07)	(0.05)	0.09	--	--	--

Cash Flow Statement

(in millions USD)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Operating Cash Flow	1.93	2.17	2.18	3.61	1.05	3.23	0.34	2.66	2.28	4.86	3.99	7.50	1.19	8.99	(5.28)	(4.67)	(3.35)	(0.66)	(4.89)	(0.52)
Capital Expenditures	0.21	0.24	0.09	0.07	0.14	0.12	0.08	0.16	0.15	0.14	0.70	0.49	0.35	0.33	1.04	0.96	0.98	0.58	0.44	0.12
Free Cash Flow*	1.72	1.93	2.09	3.53	0.91	3.11	0.26	2.51	2.12	4.72	3.29	7.01	0.85	8.66	(6.32)	(5.62)	(4.33)	(1.24)	(5.33)	(0.63)
Investing Cash Flow	(0.21)	(0.24)	(0.09)	(0.07)	(0.14)	(0.12)	(6.54)	(0.16)	(0.15)	(0.14)	(0.70)	(0.49)	(0.35)	(0.33)	(1.04)	(5.61)	(0.98)	(0.58)	(0.10)	(24.09)
Financing Cash Flow	35.23	(1.38)	(1.31)	(1.44)	(0.81)	(2.32)	(0.98)	(2.35)	(0.53)	(2.23)	(0.62)	(0.98)	(0.19)	(2.67)	0.00	6.18	(1.23)	(12.34)	31.08	25.14

* Derived from reported values