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    Lite Strategy, Inc.

    Company overview

    Market capitalization
    $41.35M
    Employees
    4
    Latest publication
    2026-09-29
    About Lite Strategy, Inc.

    Lite Strategy, Inc. a clinical-stage pharmaceutical company, focuses on the development of novel and differentiated therapies for the treatment of cancer. The company was formerly known as MEI Pharma, Inc. and changed its name to Lite Strategy, Inc. in September 2025. Lite Strategy, Inc. was incorporated in 2000 and is based in San Diego, California.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ3 20262026-03-31 · USDQ2 20262025-12-31 · USDQ1 20262025-09-30 · USDQ4 20252025-06-30 · USDQ3 20252025-03-31 · USDQ2 20252024-12-31 · USDQ1 20252024-09-30 · USDQ4 20242024-06-30 · USD
    Total Revenue0USD0USD0USD0USD0USD0USD0USD0USD
    Research Development30,000USD46,000USD10,000USD83,000USD369,000USD308,000USD3,163,000USD3,944,000USD
    Selling General Administrative2,735,000USD3,305,000USD3,098,000USD2,795,000USD2,405,000USD3,143,000USD5,189,000USD4,137,000USD
    Total Operating Expenses2,765,000USD3,351,000USD3,739,000USD2,878,000USD2,774,000USD3,451,000USD8,352,000USD7,956,000USD
    Operating Income-2,765,000USD-3,351,000USD-3,739,000USD-2,878,000USD-2,774,000USD-3,451,000USD-8,352,000USD-8,080,999USD
    Interest Income54,000USD60,000USD100,000USD190,000USD202,000USD279,000USD355,000USD608,000USD
    Net Interest Income54,000USD60,000USD100,000USD190,000USD202,000USD279,000USD355,000USD608,000USD
    Income Before Tax-23,694,000USD-30,799,000USD-3,639,000USD-2,688,000USD-2,573,000USD-2,677,000USD-8,007,000USD-18,406,000USD
    Net Income-23,694,000USD-30,799,000USD-3,639,000USD-2,688,000USD-2,573,000USD-2,677,000USD-8,007,000USD-18,406,000USD
    Net Income From Continuing Ops-23,694,000USD-30,799,000USD-3,639,000USD-2,688,000USD-2,573,000USD-2,677,000USD-8,007,000USD-18,406,000USD
    Ebitda-2,765,000USD-3,351,000USD-3,108,000USD-2,878,000USD-2,774,000USD-3,451,000USD-7,984,000USD-18,281,000USD
    Reconciled Depreciation0USD0USD0USD0USD0USD0USD368,000USD125,000USD
    Total Other Income Expense Net-20,929,000USD-27,448,000USD100,000USD190,000USD201,000USD774,000USD345,000USD-10,325,000USD
    Cost Of Revenue——————368,000USD125,000USD
    Gross Profit——————-368,000USD-125,000USD
    Ebit——————-8,352,000USD-18,406,000USD
    Depreciation And Amortization——————368,000USD125,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-06-30 · USDFY 20242024-06-30 · USDFY 20232023-06-30 · USDFY 20222022-06-30 · USDFY 20212021-06-30 · USD
    Total Revenue0USD65,297,000USD48,816,000USD40,697,000USD34,796,000USD
    Cost Of Revenue368,000USD383,000USD1,815,000USD1,235,000USD1,408,000USD
    Gross Profit-368,000USD65,297,000USD48,816,000USD40,697,000USD33,387,999USD
    Research Development3,923,000USD16,561,000USD52,450,000USD85,641,000USD69,398,000USD
    Selling General Administrative13,532,000USD23,295,000USD33,130,000USD30,540,000USD24,414,000USD
    Total Operating Expenses17,087,000USD50,755,000USD85,580,000USD116,181,000USD93,812,000USD
    Operating Income-17,455,000USD14,542,000USD-36,764,000USD-75,484,000USD-60,424,000USD
    Interest Income1,026,000USD3,277,000USD3,345,000USD284,000USD510,000USD
    Net Interest Income1,026,000USD3,277,000USD3,345,000USD284,000USD510,000USD
    Income Before Tax-15,945,000USD17,778,000USD-31,838,000USD-54,454,000USD-41,306,000USD
    Net Income-15,945,000USD17,778,000USD-31,838,000USD-54,454,000USD-41,314,000USD
    Net Income From Continuing Ops-15,945,000USD17,778,000USD-31,838,000USD-54,454,000USD-41,314,000USD
    Ebit-17,455,000USD25,441,000USD-36,764,000USD-75,484,000USD-41,306,000USD
    Ebitda-17,087,000USD25,824,000USD-36,378,000USD-75,158,000USD-41,021,000USD
    Depreciation And Amortization368,000USD383,000USD386,000USD326,000USD285,000USD
    Reconciled Depreciation368,000USD383,000USD386,000USD326,000USD285,000USD
    Total Other Income Expense Net1,510,000USD3,236,000USD4,926,000USD21,030,000USD19,118,000USD
    Unclassified Operating Expenses—10,899,000USD———
    Tax Provision———0USD8,000USD
    Income Tax Expense————8,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ4 20262026-06-30 · USDQ3 20262026-03-31 · USDQ2 20262025-12-31 · USDQ1 20262025-09-30 · USDQ4 20252025-06-30 · USDQ3 20252025-03-31 · USDQ2 20252024-12-31 · USDQ1 20252024-09-30 · USD
    Total Assets42,692,000USD57,789,000USD82,937,000USD113,337,000USD18,285,000USD20,779,000USD24,385,000USD27,750,000USD
    Cash And Equivalents5,706,000USD———————
    Cash And Short Term Investments5,700,000USD7,544,000USD8,758,000USD10,113,000USD18,011,000USD20,472,000USD23,739,000USD26,905,000USD
    Total Current Assets6,141,000USD10,975,000USD10,912,000USD13,236,000USD18,285,000USD20,779,000USD24,385,000USD27,745,000USD
    Other Current Assets435,000USD3,431,000USD2,154,000USD3,123,000USD274,000USD307,000USD646,000USD840,000USD
    Other Non Current Assets652,000USD———————
    Total Liabilities1,069,000USD———————
    Total Current Liabilities1,069,000USD952,000USD1,087,000USD1,068,000USD1,354,000USD1,238,000USD2,287,000USD2,872,000USD
    Other Current Liabilities808,000USD———————
    Total Stockholder Equity41,623,000USD56,837,000USD81,850,000USD112,269,000USD16,931,000USD19,541,000USD22,098,000USD24,878,000USD
    Total Equity Including Noncontrolling Interest41,623,000USD———————
    Accounts Payable261,000USD253,000USD327,000USD503,000USD176,000USD177,000USD596,000USD976,000USD
    Common Stock0USD———————
    Retained Earnings-475,314,000USD-462,296,000USD-438,602,000USD-407,803,000USD-404,164,000USD-401,476,000USD-398,903,000USD-396,226,000USD
    Intangible Assets—38,237,000USD——————
    Total Liab—952,000USD1,087,000USD1,068,000USD1,354,000USD1,238,000USD2,287,000USD2,872,000USD
    Other Current Liab—699,000USD760,000USD565,000USD1,178,000USD1,061,000USD1,691,000USD1,896,000USD
    Capital Stock—0USD0USD0USD0USD0USD0USD0USD
    Cash—7,544,000USD8,758,000USD10,113,000USD18,011,000USD20,472,000USD23,739,000USD6,952,000USD
    Net Debt—-7,544,000USD-8,758,000USD-10,113,000USD-18,011,000USD-20,472,000USD-23,739,000USD-6,952,000USD
    Long Term Investments—38,237,000USD63,970,000USD99,369,000USD————
    Short Term Investments—2,084,000USD——0USD0USD0USD19,953,000USD
    Common Stock Shares Outstanding—6,663,000shares6,663,000shares6,663,000shares6,663,000shares6,663,000shares6,663,000shares6,663,000shares
    Non Current Assets Total—46,814,000USD72,025,000USD100,101,000USD0USD0USD0USD5,000USD
    Non Current Liabilities Total—0USD0USD0USD0USD0USD0USD0USD
    Non Currrent Assets Other—678,000USD72,025,000USD732,000USD————
    Net Working Capital—10,023,000USD9,825,000USD12,168,000USD16,931,000USD19,541,000USD22,098,000USD24,873,000USD
    Unclassified Current Assets—-2,084,000USD——————
    Unclassified Non Current Assets—-30,338,000USD-63,970,000USD—————
    Unclassified Equity—519,133,000USD520,452,000USD520,072,000USD421,095,000USD421,017,000USD421,001,000USD421,104,000USD
    Property Plant Equipment Net————0USD0USD0USD5,000USD
    Property Plant Equipment Gross————0USD0USD0USD7,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20262026-06-30 · USDFY 20252025-06-30 · USDFY 20242024-06-30 · USDFY 20232023-06-30 · USDFY 20222022-06-30 · USDFY 20212021-06-30 · USD
    Total Assets42,692,000USD18,285,000USD41,375,000USD120,809,000USD177,840,000USD174,098,000USD
    Cash And Equivalents5,706,000USD—————
    Cash And Short Term Investments5,700,000USD18,011,000USD38,345,000USD100,693,000USD153,252,000USD153,426,000USD
    Total Current Assets6,141,000USD18,285,000USD40,769,000USD107,528,000USD167,126,000USD164,817,000USD
    Other Current Assets435,000USD274,000USD2,424,000USD6,750,000USD3,830,000USD3,809,000USD
    Other Non Current Assets652,000USD—————
    Total Liabilities1,069,000USD—————
    Total Current Liabilities1,069,000USD1,354,000USD8,355,000USD20,340,000USD24,443,000USD20,211,000USD
    Other Current Liabilities808,000USD—————
    Total Stockholder Equity41,623,000USD16,931,000USD33,020,000USD24,624,000USD52,413,000USD49,466,000USD
    Total Equity Including Noncontrolling Interest41,623,000USD—————
    Accounts Payable261,000USD176,000USD3,168,000USD6,134,000USD7,918,000USD6,355,000USD
    Common Stock0USD—————
    Retained Earnings-475,314,000USD-404,164,000USD-388,219,000USD-405,997,000USD-374,159,000USD-319,705,000USD
    Total Liab—1,354,000USD8,355,000USD96,185,000USD125,427,000USD124,632,000USD
    Other Current Liab—1,178,000USD5,187,000USD12,461,000USD10,820,000USD8,402,000USD
    Capital Stock—0USD0USD0USD0USD0USD
    Cash—18,011,000USD3,705,000USD16,906,000USD15,740,000USD8,543,000USD
    Net Debt—-18,011,000USD-3,705,000USD-4,178,000USD-6,098,000USD-245,000USD
    Short Term Investments—0USD34,640,000USD83,787,000USD137,512,000USD144,883,000USD
    Property Plant Equipment Net—0USD606,000USD13,281,000USD10,714,000USD9,281,000USD
    Property Plant Equipment Gross—0USD2,370,000USD14,315,000USD11,362,000USD9,611,000USD
    Common Stock Shares Outstanding—6,663,000shares6,663,000shares6,663,000shares6,257,000shares5,724,050shares
    Non Current Assets Total—0USD606,000USD13,281,000USD10,714,000USD9,281,000USD
    Non Current Liabilities Total—0USD0USD75,845,000USD100,984,000USD104,421,000USD
    Net Working Capital—16,931,000USD32,414,000USD87,188,000USD142,683,000USD144,606,000USD
    Unclassified Equity—421,095,000USD421,239,000USD430,621,000USD426,572,000USD369,171,000USD
    Current Deferred Revenue———317,000USD4,834,000USD4,526,000USD
    Short Term Debt———1,428,000USD871,000USD928,000USD
    Short Long Term Debt Total———12,728,000USD9,642,000USD8,298,000USD
    Net Receivables———85,000USD10,044,000USD7,582,000USD
    Unclassified Non Current Liabilities———75,845,000USD100,984,000USD104,421,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20262026-06-30 · USDFY 20252025-06-30 · USDFY 20242024-06-30 · USDFY 20232023-06-30 · USDFY 20222022-06-30 · USDFY 20212021-06-30 · USD
    Depreciation0USD368,000USD383,000USD386,000USD326,000USD285,000USD
    Stock Based Compensation1,288,000USD-144,000USD2,278,000USD3,589,000USD8,350,000USD10,245,000USD
    Change To Liabilities-410,000USD—————
    Change In Working Capital-703,000USD-4,851,000USD-84,276,000USD-24,947,000USD16,875,000USD16,942,000USD
    Operating Cash Flow-9,121,000USD—————
    Investing Cash Flow-95,107,000USD—————
    Net Common Stock Issuance-4,895,000USD—————
    Unclassified Financing Cash Flow96,818,000USD—————
    Financing Cash Flow91,923,000USD—————
    Change In Cash-12,305,000USD14,306,000USD-13,201,000USD1,166,000USD7,197,000USD-3,788,000USD
    End Cash Flow5,706,000USD—————
    Net Income—-15,945,000USD17,778,000USD-31,838,000USD-54,454,000USD-41,314,000USD
    Other Non Cash Items—-272,000USD13,364,000USD326,000USD-19,843,000USD-7,877,000USD
    Total Cash From Operating Activities—-20,844,000USD-50,473,000USD-52,484,000USD-48,746,000USD-31,964,000USD
    Capital Expenditures—0USD-7,000USD-35,000USD-479,000USD-707,999USD
    Free Cash Flow—-20,844,000USD-50,480,000USD-52,519,000USD-49,225,000USD-32,671,999USD
    Investments—35,150,000USD49,140,000USD53,690,000USD6,892,000USD24,708,000USD
    Total Cashflows From Investing Activities—35,150,000USD49,140,000USD53,690,000USD6,892,000USD24,708,000USD
    Total Cash From Financing Activities—0USD-11,868,000USD-40,000USD49,051,000USD3,468,000USD
    Dividends Paid—0USD-11,660,000USD0USD——
    Begin Period Cash Flow—3,705,000USD16,906,000USD15,740,000USD8,543,000USD12,331,000USD
    End Period Cash Flow—18,011,000USD3,705,000USD16,906,000USD15,740,000USD8,543,000USD
    Other Cashflows From Investing Activities—10,000USD————
    Change To Account Receivables——85,000USD9,959,000USD-2,462,000USD15,696,000USD
    Other Cashflows From Financing Activities——-208,000USD-40,000USD-3,274,000USD—
    Issuance Of Capital Stock———0USD52,325,000USD3,200,000USD
    Unclassified Operating Cash Flow—————-10,245,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ3 20262026-03-31 · USDQ2 20262025-12-31 · USDQ1 20262025-09-30 · USDQ4 20252025-06-30 · USDQ3 20252025-03-31 · USDQ2 20252024-12-31 · USDQ1 20252024-09-30 · USDQ4 20242024-06-30 · USD
    Net Income-23,694,000USD-30,799,000USD-3,639,000USD-2,688,000USD-2,573,000USD-2,677,000USD-8,007,000USD-18,406,000USD
    Depreciation0USD0USD0USD0USD0USD0USD368,000USD125,000USD
    Stock Based Compensation270,000USD234,000USD284,000USD78,000USD16,000USD-103,000USD-135,000USD397,000USD
    Other Non Cash Items21,929,000USD28,407,000USD962,000USD-1,000USD-419,000USD0USD223,000USD12,228,000USD
    Change In Working Capital245,000USD463,000USD-2,115,000USD150,000USD-291,000USD-391,000USD-3,899,000USD-12,343,000USD
    Total Cash From Operating Activities-1,520,000USD-1,929,000USD-4,508,000USD-2,461,000USD-3,267,000USD-3,666,000USD-11,450,000USD-17,999,000USD
    Capital Expenditures0USD0USD0USD0USD0USD0USD0USD0USD
    Free Cash Flow-1,520,000USD-1,929,000USD-4,508,000USD-2,461,000USD-3,267,000USD-3,666,000USD-11,450,000USD-17,999,000USD
    Investments173,000USD569,000USD-100,000,000USD0USD0USD20,453,000USD14,697,000USD19,544,000USD
    Total Cashflows From Investing Activities2,098,000USD569,000USD-100,000,000USD———14,697,000USD19,544,000USD
    Total Cash From Financing Activities-1,792,000USD5,000USD96,610,000USD0USD0USD0USD0USD-208,000USD
    Sale Purchase Of Stock-1,792,000USD-203,000USD——0USD———
    Issuance Of Capital Stock0USD208,000USD96,610,000USD—0USD0USD0USD—
    Change In Cash-1,214,000USD-1,355,000USD-7,898,000USD-2,461,000USD-3,267,000USD16,787,000USD3,247,000USD1,337,000USD
    Begin Period Cash Flow8,758,000USD10,113,000USD18,011,000USD20,472,000USD23,739,000USD6,952,000USD3,705,000USD2,368,000USD
    End Period Cash Flow7,544,000USD8,758,000USD10,113,000USD18,011,000USD20,472,000USD23,739,000USD6,952,000USD3,705,000USD
    Other Cashflows From Investing Activities2,098,000USD569,000USD————10,000USD—
    Other Cashflows From Financing Activities—208,000USD—————-208,000USD
    Dividends Paid———0USD0USD——0USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    FY 2022Yearly · 2022-06-30ProductLicense0USD0000950170-22-018236
    FY 2022Yearly · 2022-06-30ProductServices40,697,000USD0000950170-22-018236
    FY 2021Yearly · 2021-06-30ProductLicense0USD0000950170-22-018236
    FY 2021Yearly · 2021-06-30ProductServices34,796,000USD0000950170-22-018236
    FY 2020Yearly · 2020-06-30ProductLicense20,988,000USD0000950170-22-018236
    FY 2020Yearly · 2020-06-30ProductServices6,768,000USD0000950170-22-018236

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.