LTRX

MKT CAP:$258M

Lantronix, Inc.

Market Cap

$258M

Technology·Communication Equipment·🇺🇸 United States·NASDAQ

Technology·Communication·🇺🇸·NASDAQ

Stock Price

$6.28+$0.13 (+2.03%)

Apr 23, 2026

Company Details

Lantronix, Inc. provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the As...

CEO

Saleel Awsare

IPO Date

Aug 4, 2000

Website

www.lantronix.com

Key Metrics TTM

Revenue

$117M

-25.0% YoY

Net Income

-$9M

EPS (Diluted)

-$0.24

Free Cash Flow

$10M

Revenue / Share

$2.97

Gross Margin

42.3%

Operating Margin

-7.9%

Net Margin

-7.9%

FCF Margin

8.2%

P/S

2.2x

P/E

—

Earnings Reports

Q3 2026

May 14, 2026

PENDING

Q2 2026

Feb 5, 2026

$30M-4.5%EPS -$0.03

Q1 2026

Nov 6, 2025

$30M-13.4%EPS -$0.04

FY 2025

Aug 29, 2025

$123M-23.3%EPS -$0.29

Q4 2025

Aug 29, 2025

$29M-41.2%EPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$32M	$14M	-$2M
Q4 22	$36M	$15M	$568.0K
Q1 23	$32M	$14M	-$1M
Q2 23	$32M	$14M	-$3M
Q3 23	$33M	$15M	-$2M
Q4 23	$35M	$14M	-$761.0K
Q1 24	$33M	$14M	-$2M
Q2 24	$37M	$15M	-$2M
Q3 24	$41M	$17M	-$95.0K
Q4 24	$49M	$19M	$565.0K
Q1 25	$34M	$14M	-$2M
Q2 25	$31M	$13M	-$2M
Q3 25	$29M	$12M	-$4M
Q4 25	$29M	$12M	-$3M
Q1 26	$30M	$13M	-$2M
Q2 26	$30M	$12M	-$991.0K

Valuation

Quarter	P/S	P/E
Q3 22	2.3x	—
Q4 22	2.0x	—
Q1 23	1.9x	—
Q2 23	2.0x	—
Q3 23	2.0x	—
Q4 23	2.0x	—
Q1 24	1.9x	—
Q2 24	1.9x	—
Q3 24	1.8x	—
Q4 24	1.6x	—
Q1 25	1.6x	—
Q2 25	1.7x	—
Q3 25	1.8x	—
Q4 25	2.1x	—
Q1 26	2.2x	—
Q2 26	2.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$661.0K	-$1M
Q4 22	-$3M	-$4M
Q1 23	-$5M	-$6M
Q2 23	-$5M	-$6M
Q3 23	$9M	$9M
Q4 23	$1M	$845.0K
Q1 24	$7M	$7M
Q2 24	$5M	$5M
Q3 24	$4M	$3M
Q4 24	$2M	$2M
Q1 25	$3M	$3M
Q2 25	$340.0K	$256.0K
Q3 25	$3M	$3M
Q4 25	$1M	$909.0K
Q1 26	$4M	$4M
Q2 26	$2M	$2M

Capital Expenditures

Quarter	CapEx
Q3 22	$578.0K
Q4 22	$980.0K
Q1 23	$956.0K
Q2 23	$1M
Q3 23	$331.0K
Q4 23	$348.0K
Q1 24	$486.0K
Q2 24	$703.0K
Q3 24	$136.0K
Q4 24	$154.0K
Q1 25	$157.0K
Q2 25	$84.0K
Q3 25	$121.0K
Q4 25	$143.0K
Q1 26	$74.0K
Q2 26	$92.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+88.9%	+91.6%
Q4 22	+74.2%	+63.8%
Q1 23	+14.8%	+12.6%
Q2 23	-6.5%	-3.7%
Q3 23	+2.0%	+2.9%
Q4 23	-2.8%	+0.9%
Q1 24	+3.9%	+4.3%
Q2 24	+17.6%	+13.8%
Q3 24	+24.9%	+16.6%
Q4 24	+40.5%	+35.9%
Q1 25	+4.2%	+5.6%
Q2 25	-15.9%	-14.1%
Q3 25	-30.8%	-22.3%
Q4 25	-41.2%	-34.1%
Q1 26	-13.4%	-14.3%
Q2 26	-4.5%	-7.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$2M	5.0%
Q4 22	$2M	4.6%
Q1 23	$2M	5.6%
Q2 23	$2M	5.9%
Q3 23	$2M	5.2%
Q4 23	$827.0K	2.4%
Q1 24	$2M	5.3%
Q2 24	$2M	5.9%
Q3 24	$2M	4.5%
Q4 24	$3M	5.2%
Q1 25	$2M	4.6%
Q2 25	$2M	4.9%
Q3 25	$2M	5.3%
Q4 25	$2M	5.2%
Q1 26	$2M	6.0%
Q2 26	$2M	5.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 22	$4M	$8M	$605.0K	—
Q4 22	$5M	$9M	$416.0K	—
Q1 23	$5M	$8M	$582.0K	—
Q2 23	$5M	$9M	$466.0K	—
Q3 23	$5M	$9M	$570.0K	—
Q4 23	$5M	$7M	$518.0K	—
Q1 24	$5M	$8M	$482.0K	—
Q2 24	$5M	$9M	$553.0K	—
Q3 24	$5M	$9M	$543.0K	—
Q4 24	$5M	$10M	$768.0K	—
Q1 25	$5M	$9M	$466.0K	—
Q2 25	$5M	$8M	$494.0K	—
Q3 25	$4M	$8M	$607.0K	—
Q4 25	$4M	$8M	$682.0K	—
Q1 26	$5M	—	—	$10M
Q2 26	$5M	—	—	$8M

Revenue Segments

Quarter

Revenue by Geography

Quarter	A P J	Americas	Emea	Asia Pacific Japan
Q1 23	$6M	$21M	$5M	—
Q2 23	$7M	$20M	$5M	—
Q3 23	$7M	$19M	$6M	—
Q1 24	—	$23M	$7M	$4M
Q2 24	—	$21M	$13M	$4M
Q3 24	—	$18M	$18M	$5M
Q1 25	—	$17M	$10M	$7M
Q2 25	—	$16M	$9M	$6M
Q3 25	—	$16M	$6M	$6M
Q4 25	—	$20M	$5M	$4M
Q1 26	—	$21M	$5M	$4M
Q2 26	—	$20M	$5M	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$23M	$0	$23M
Q4 22	$17M	$0	$17M
Q1 23	$13M	$0	$13M
Q2 23	$7M	$0	$7M
Q3 23	$13M	$0	$13M
Q4 23	$13M	$0	$13M
Q1 24	$19M	$0	$19M
Q2 24	$22M	$0	$22M
Q3 24	$25M	$0	$25M
Q4 24	$26M	$0	$26M
Q1 25	$26M	$0	$26M
Q2 25	$19M	$0	$19M
Q3 25	$20M	$0	$20M
Q4 25	$20M	$0	$20M
Q1 26	$22M	$0	$22M
Q2 26	$23M	$0	$23M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	35M	+8.9%	+20.4%
Q4 22	36M	+4.2%	+24.7%
Q1 23	35M	-2.1%	+21.1%
Q2 23	36M	+2.7%	+14.1%
Q3 23	37M	+0.5%	+5.3%
Q4 23	37M	+0.5%	+1.6%
Q1 24	37M	+0.7%	+4.5%
Q2 24	37M	+1.0%	+2.8%
Q3 24	38M	+0.4%	+2.6%
Q4 24	38M	+1.6%	+3.8%
Q1 25	38M	-0.2%	+2.8%
Q2 25	39M	+1.6%	+3.4%
Q3 25	39M	+0.5%	+3.5%
Q4 25	39M	+0.4%	+2.3%
Q1 26	39M	+0.5%	+3.1%
Q2 26	39M	+0.4%	+1.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$103.6K	312
Q4 22	$103.3K	348
Q1 23	$91.4K	348
Q2 23	$90.5K	348
Q3 23	$94.7K	348
Q4 23	$94.4K	370
Q1 24	$89.3K	370
Q2 24	$100.1K	370
Q3 24	$111.3K	370
Q4 24	$131.6K	373
Q1 25	$92.3K	373
Q2 25	$83.5K	373
Q3 25	$76.4K	373
Q4 25	$81.9K	352
Q1 26	$84.6K	352
Q2 26	$84.6K	352

Revenue / Employee