LSE

MKT CAP:$90M

Leishen Energy Holding Co., Ltd.

Market Cap

$90M

Energy·Oil & Gas Equipment & Services·🇨🇳 China·NASDAQ

Energy·Oil & Gas Equipment & Services·🇨🇳·NASDAQ

Stock Price

$4.80+$0.53 (+12.41%)

Apr 17, 2026

Company Details

Leishen Energy Holding Co., Ltd., through its subsidiaries, provides clean-energy equipment and integrated solutions for the oil and gas industry in the People's Republic of China, Central Asia, and Southeast Asia. It engages in the researc...

CEO

Hongliang Li

IPO Date

Dec 19, 2024

Website

www.r-egroup.com

Key Metrics TTM

Revenue

$117M

— YoY

Net Income

$9M

EPS (Diluted)

$0.55

Free Cash Flow

$11M

Revenue / Share

$6.90

Gross Margin

21.0%

Operating Margin

7.6%

Net Margin

8.0%

FCF Margin

9.1%

P/S

0.8x

P/E

9.6x

Earnings Reports

FY 2025

Jan 30, 2026

$48M-30.0%EPS $0.07

Q4 2025

Jan 30, 2026

$20M-31.0%EPS $0.11

Q2 2025

Mar 30, 2025

$28M-29.3%EPS -$0.04

FY 2024

Sep 30, 2024

$69M-5.5%EPS $0.48

Q4 2024

Sep 30, 2024

$29M-33.4%EPS $0.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 23	$29M	$7M	$4M
Q4 23	$44M	$12M	$8M
Q2 24	$40M	$11M	$6M
Q4 24	$29M	$5M	$1M
Q2 25	$28M	$5M	-$2M
Q4 25	$20M	$4M	$4M

Valuation

Quarter	P/S	P/E
Q2 23	—	—
Q4 23	—	—
Q2 24	—	—
Q4 24	0.6x	4.4x
Q2 25	0.5x	5.1x
Q4 25	0.7x	9.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	-$2M	-$3M
Q4 23	$7M	$6M
Q2 24	$5M	$5M
Q4 24	$10M	$10M
Q2 25	-$2M	-$2M
Q4 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q2 23	$405.1K
Q4 23	$335.4K
Q2 24	$430.0K
Q4 24	$251.2K
Q2 25	$160.6K
Q4 25	$10.4K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 25	-3.5%	+21.6%
Q4 25	-54.1%	-54.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 23	$244	$2M
Q4 23	$158.4K	$4M
Q2 24	$116.2K	$5M
Q4 24	$333.3K	$3M
Q2 25	$163.0K	$7M
Q4 25	$84.2K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$5M	$7M	$12M
Q2 24	$6M	$9M	$16M
Q4 24	$6M	$18M	$24M
Q2 25	$19M	$11M	$30M
Q4 25	$10M	$20M	$30M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 23	17M	—	—
Q4 23	17M	0.0%	—
Q2 24	17M	0.0%	—
Q4 24	17M	0.0%	—
Q2 25	16M	-3.2%	-3.2%
Q4 25	17M	+4.3%	+0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 23	—	—
Q4 23	—	—
Q2 24	—	—
Q4 24	$29	1.0M
Q2 25	$28	1.0M
Q4 25	$20	1.0M

Revenue / Employee