LSI Industries Inc. (LYTS) financial statements: income statement, balance sheet and cash flow

LSI Industries Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), LSI Industries Inc. reported revenue of $689.4M (+20.2% year on year) and net income of $22.6M (-7.4% year on year).

Income statement

LSI Industries Inc. income statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net Sales	$689.4M	$573.4M	$469.6M	$497.0M
Cost of products and services sold	$516.0M	$431.4M	$336.0M	$360.0M
Gross profit	$173.4M	$141.8M	$133.2M	$136.9M
Selling and administrative expenses	$135.0M	$105.9M	$97.6M	$99.9M
Operating income	$38.4M	$35.8M	$35.5M	$37.0M
Interest expense	$5.9M	$3.1M	$2.2M	$3.7M
Other (income) and expense	$1.0M	($398.0K)	$262.0K	($15.0K)
Income before income taxes	$31.5M	$33.0M	$33.1M	$33.3M
Income tax expense	$8.9M	$8.7M	$8.1M	$7.6M
Net income	$22.6M	$24.4M	$25.0M	$25.8M
Basic (in dollars per share)	$0.69	$0.82	$0.86	$0.92
Diluted (in dollars per share)	$0.67	$0.79	$0.83	$0.88
Basic (in shares)	32.9M	29.9M	29.0M	28.1M
Diluted (in shares)	33.7M	30.8M	30.1M	29.3M

LSI Industries Inc. income statement, quarters

Line item	Mar 31, 2026 · Q3	Dec 31, 2025 · Q2	Sep 30, 2025 · Q1	Mar 31, 2025 · Q3
Net sales	$150.5M	$147.0M	$157.2M	$132.5M
Cost of products and services sold	$112.3M	$109.6M	$117.0M	$99.6M
Gross profit	$38.2M	$37.4M	$40.3M	$32.8M
Selling and administrative expenses	$34.2M	$28.6M	$29.3M	$26.6M
Operating income	$4.1M	$8.9M	$11.0M	$6.2M
Interest expense	$474.0K	$573.0K	$747.0K	$661.0K
Other (income)/expense	$244.0K	($103.0K)	$530.0K	($22.0K)
Income before income taxes	$3.4M	$8.4M	$9.7M	$5.6M
Income tax expense	$1.3M	$2.0M	$2.4M	$1.7M
Net income	$2.1M	$6.3M	$7.3M	$3.9M
Basic (in dollars per share)	$0.06	$0.20	$0.24	$0.13
Diluted (in dollars per share)	$0.06	$0.20	$0.23	$0.13
Basic (in shares)	33.0M	31.2M	30.4M	30.0M
Diluted (in shares)	33.9M	32.0M	31.4M	31.0M

Balance sheet

LSI Industries Inc. balance sheet, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Cash and cash equivalents	$14.2M	$3.5M	$4.1M	$1.8M
Accounts receivable, less allowance for credit losses of $1,895, and $1,152, respectively	$151.2M	$104.3M	$78.6M	$77.7M
Inventories	$112.3M	$79.8M	$70.9M	$63.7M
Refundable income tax	$6.3M	$0	$3.2M	$3.1M
Other current assets	$11.8M	$6.5M	$5.7M	$3.5M
Total current assets	$295.9M	$194.2M	$162.5M	$149.9M
Land	$4.0M	$4.0M	$4.0M	$4.0M
Buildings	$30.9M	$24.6M	$24.8M	$24.6M
Machinery and equipment	$100.1M	$77.9M	$74.2M	$67.5M
Construction in progress	$2.1M	$989.0K	$1.6M	$1.2M
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	$137.1M	$107.5M	$106.6M	$99.3M
Less accumulated depreciation	($80.4M)	($76.3M)	($73.7M)	($73.9M)
Net property, plant and equipment	$56.7M	$31.2M	$33.0M	$25.4M
Goodwill	$172.1M	$64.5M	$57.4M	$45.0M
Intangible assets, net	$249.2M	$78.3M	$73.9M	$63.2M
Operating lease right-of-use assets	$49.5M	$17.2M	$15.9M	$8.9M
Deferred tax assets	$0	$7.3M	—	—
Other long-term assets, net	$6.5M	$3.7M	$6.1M	$3.7M
Total assets	$829.9M	$396.4M	$348.8M	$296.1M
Current maturities of long-term debt	$10.0M	$3.6M	$3.6M	$3.6M
Accounts payable	$72.0M	$48.5M	$32.2M	$29.2M
Accrued Liabilities, Current	$67.9M	$45.3M	$43.4M	$43.8M
Total current liabilities	$149.9M	$97.3M	$79.2M	$76.6M
Long-term debt	$245.9M	$45.0M	$50.7M	$31.6M
Operating lease liabilities	$38.5M	$12.0M	$11.3M	$6.0M
Other long-term liabilities	$2.9M	$4.7M	$2.7M	$3.5M
Deferred tax liabilities	$27.0M	$3.2M	—	—
Commitments and contingencies (Note 16)	$4.9M	$3.4M	—	—
Preferred shares, without par value; Authorized 1,000,000 shares, none issued	0	0	0	0
Common shares, without par value; Authorized 50,000,000 shares; Outstanding 36,972,819, and 30,054,532 shares, respectively	277.9M	163.7M	156.4M	148.7M
Treasury shares, without par value	-11.2M	-10.0M	-8.9M	-7.2M
Key executive compensation	$11.2M	$10.0M	$8.9M	$7.2M
Retained earnings	$82.3M	$66.2M	$47.8M	$28.5M
Accumulated other comprehensive income	$498.0K	$829.0K	$202.0K	$339.0K
Total shareholders' equity	$360.7M	$230.7M	$204.4M	$177.6M
Total liabilities & shareholders' equity	$829.9M	$396.4M	$348.8M	$296.1M

LSI Industries Inc. balance sheet, quarters

Line item	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Mar 31, 2025
Cash and cash equivalents	$10.3M	$6.4M	$7.1M	$4.3M
Accounts receivable, less allowance for credit losses of $1,192 and $1,152, respectively	$135.8M	$90.6M	$114.8M	$98.0M
Inventories	$116.6M	$82.0M	$78.9M	$74.5M
Refundable income tax	$2.6M	$998.0K	$214.0K	$2.9M
Other current assets	$13.9M	$7.2M	$6.7M	$5.8M
Total current assets	$279.2M	$187.3M	$207.7M	$185.5M
Land	$4.0M	$4.0M	$4.0M	$4.0M
Buildings	$24.9M	$24.9M	$24.6M	$24.8M
Machinery and equipment	$107.6M	$78.8M	$78.2M	$77.6M
Construction in progress	$1.7M	$1.9M	$1.5M	$1.0M
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	$138.2M	$109.6M	$108.4M	$109.5M
Less accumulated depreciation	($80.4M)	($79.3M)	($77.9M)	($78.2M)
Net property, plant and equipment	$57.8M	$30.4M	$30.5M	$31.3M
Goodwill	$208.4M	$64.1M	$64.1M	$63.2M
Intangible assets, net	$200.2M	$75.1M	$76.5M	$79.6M
Operating lease right-of-use assets	$51.6M	$30.1M	$16.6M	$17.7M
Deferred tax assets	$0	$5.6M	—	—
Other long-term assets, net	$3.3M	$3.8M	$9.5M	$7.3M
Total assets	$800.5M	$396.3M	$404.9M	$384.6M
Current maturities of long-term debt	$58.0M	$0	$3.6M	$3.6M
Accounts payable	$68.8M	$43.3M	$47.3M	$43.8M
Accrued expenses	$61.5M	$43.8M	$44.1M	$41.9M
Total current liabilities	$188.3M	$87.2M	$95.0M	$89.2M
Long-term debt, less current maturities	$203.0M	$27.9M	$47.1M	$51.8M
Operating lease liabilities	$41.0M	$23.2M	$11.7M	$13.2M
Other long-term liabilities	$3.3M	$3.3M	$6.5M	$8.3M
Deferred tax liabilities	$8.8M	$3.2M	—	—
Commitments and contingencies (Note 14)	$3.3M	$3.3M	$3.3M	—
Preferred shares, without par value; Authorized 1,000,000 shares, none issued	0	0	0	0
Common shares, without par value; Authorized 50,000,000 shares; Outstanding 36,697,563 and 30,054,532 shares, respectively	274.9M	170.5M	168.8M	161.9M
Treasury shares, without par value	-11.3M	-10.8M	-10.4M	9.7M
Key Executive Compensation	$11.3M	$10.8M	$10.4M	$9.7M
Retained earnings	$77.3M	$76.7M	$71.9M	$59.5M
Accumulated other comprehensive income	$637.0K	$875.0K	$632.0K	$307.0K
Total shareholders' equity	$352.8M	$248.1M	$241.3M	$221.7M
Total liabilities & shareholders' equity	$800.5M	$396.3M	$404.9M	$384.6M

Cash flow statement

LSI Industries Inc. cash flow statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net income	$22.6M	$24.4M	$25.0M	$25.8M
Depreciation and amortization	$16.6M	$12.6M	$10.0M	$9.7M
Deferred income taxes	$5.9M	($2.4M)	($1.6M)	($418.0K)
Deferred compensation plan	$1.9M	$1.9M	$1.9M	$2.0M
Stock compensation expense	$3.9M	$4.2M	$3.8M	$3.7M
ESPP discount	$335.0K	$218.0K	$194.0K	$142.0K
Issuance of common shares as compensation	360.0K	450.0K	450.0K	368.0K
Loss on disposition of fixed assets	$102.0K	$204.0K	$306.0K	$59.0K
Allowance for credit losses	($7.0K)	$231.0K	$57.0K	($19.0K)
Inventory obsolescence reserve	($643.0K)	$528.0K	($1.3M)	$2.5M
Accounts receivable	($10.4M)	($22.1M)	$10.4M	$88.0K
Inventories	($2.4M)	($5.3M)	$6.3M	$8.2M
Refundable income taxes	($3.4M)	$3.2M	($77.0K)	($2.1M)
Accounts payable	$6.6M	$16.3M	($4.1M)	($5.6M)
Accrued expenses and other	$2.7M	$3.6M	($7.9M)	$5.2M
Net cash flows provided by operating activities	$44.1M	$38.1M	$43.4M	$49.6M
Acquisition of Royston, EMI and CBH, net of cash acquired, and shares used in acquisition	-331.6M	—	—	—
Purchases of property, plant, and equipment	($5.1M)	($3.5M)	($5.4M)	($3.2M)
Proceeds from the sale of fixed assets	$146.0K	$50.0K	$35.0K	$5.0K
Net cash flows used in investing activities	($336.6M)	($28.0M)	($55.3M)	($3.2M)
Payments on long-term debt	($1.3B)	($199.8M)	($139.9M)	($198.3M)
Borrowings on long-term debt	$1.5B	$194.1M	$158.9M	$153.9M
Equity raise	$98.1M	—	—	—
Cash dividends paid	($6.5M)	($6.0M)	($5.7M)	($5.4M)
Shares withheld on employees' taxes	178.0K	-509.0K	-447.0K	-896.0K
Payments on financing lease obligations	$0	($340.0K)	($324.0K)	($281.0K)
Proceeds from stock option exercises	$4.4M	$1.1M	$1.8M	$3.9M
Net cash flows provided by (used in) financing activities	$303.6M	($11.4M)	$14.3M	($47.1M)
Increase (decrease) in cash and cash equivalents	$10.8M	($653.0K)	$2.3M	($634.0K)
Cash and cash equivalents at beginning of period	$3.5M	$4.1M	$1.8M	$2.5M
Cash and cash equivalents at end of period	$14.2M	$3.5M	$4.1M	$1.8M
Change related to Foreign Currency	($331.0K)	$627.0K	($165.0K)	$130.0K

LSI Industries Inc. cash flow statement, quarters

Line item	Mar 31, 2026 · YTD	Dec 31, 2025 · YTD	Sep 30, 2025 · Q1	Mar 31, 2025 · YTD
Net income	$15.7M	$13.6M	$7.3M	$16.2M
Depreciation and amortization	$9.8M	$6.4M	$3.2M	$9.0M
Deferred income taxes	$2.0M	$1.7M	$1.2M	$270.0K
Deferred compensation plan	$1.4M	$935.0K	$443.0K	$1.4M
Stock compensation expense	$2.8M	$2.1M	$1.1M	$3.2M
ESPP discount	$207.0K	$149.0K	$55.0K	$159.0K
Issuance of common shares as compensation	315.0K	270.0K	135.0K	337.0K
(Gain) loss on disposition of fixed assets	$52.0K	$43.0K	$0	($21.0K)
Allowance for credit losses	($178.0K)	($178.0K)	$73.0K	$93.0K
Inventory obsolescence reserve	($687.0K)	($687.0K)	($488.0K)	$607.0K
Accounts receivable	$5.7M	$13.9M	($10.5M)	($15.6M)
Inventories	($3.7M)	($1.5M)	$1.4M	$131.0K
Refundable income taxes	($787.0K)	($998.0K)	($215.0K)	$304.0K
Accounts payable	$3.4M	($5.2M)	($1.2M)	$11.5M
Accrued expenses and other	($6.9M)	($4.9M)	($2.5M)	$2.8M
Customer prepayments	$3.3M	($94.0K)	$825.0K	($1.8M)
Net cash flows provided by operating activities	$32.6M	$25.7M	$676.0K	$28.6M
Proceeds from the sale of fixed assets	$116.0K	$0	—	$50.0K
Acquisition of business	($331.6M)	$262.0K	$260.0K	($22.8M)
Purchases of property, plant, and equipment	($3.4M)	($2.7M)	($967.0K)	($2.5M)
Net cash flows (used in) investing activities	($334.8M)	($2.4M)	($707.0K)	($25.3M)
Payments on long-term debt	($1.2B)	($107.9M)	($52.9M)	($145.5M)
Borrowings on long-term debt	$1.4B	$87.3M	$55.0M	$146.7M
Equity raise	$98.1M	—	—	—
Cash dividends paid	($4.6M)	($3.1M)	($1.5M)	($4.5M)
Shares withheld on employees' taxes	214.0K	310.0K	297.0K	—
Payments on financing lease obligations	$0	$0	$0	($253.0K)
Proceeds from stock option exercises	$3.2M	$3.0M	$3.0M	$842.0K
Net cash flows provided by (used in) financing activities	$309.3M	($20.4M)	$3.9M	($3.2M)
Change related to foreign currency	($192.0K)	$46.0K	($197.0K)	$105.0K
Increase in cash and cash equivalents	$6.9M	$3.0M	$3.7M	$191.0K
Cash and cash equivalents at beginning of period	$3.5M	$3.5M	$3.5M	$4.1M
Cash and cash equivalents at end of period	$10.3M	$6.4M	$7.1M	$4.3M

LSI Industries Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.