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Lantronix Inc (LTRX) stock

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NASDAQ: LTRX Nasdaq Communications Equipment Next results ~November 9, 2026

C Fundamentals grade

Lantronix Inc is a US-listed company in the communications equipment industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$2.8

Cash-flow model

Base case. Range ~$2.4–$3.3 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 52% below it.

Price used: $5.79, November 2, 2026

Lantronix Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 1 selling1 purchase and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds89 adding, 36 cuttingOf 32 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Lantronix files

Where Lantronix stands after its latest 10-K

Revenue for the twelve months to June 2026 was $121m, down 1.6% on a year earlier, a smaller fall than the 17.2% decline a quarter earlier. That puts it 19 of 21 for growth among the communications equipment companies we cover. Free-cash-flow margin rose to 7.7% from 5.5% a year earlier. Operating margin widened to -3.4% from -8.9%. The diluted share count is up 4.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 7 of our 7 financial-health checks. Our cash-flow model value is $2.90 a share, against a share price of $6.42. At that price, our model says the market is pricing in about 24.1% a year of cash-flow growth for five years, faster than the 11.1% a year revenue growth it has delivered.

Source: 10-K filed August 27, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Lantronix Inc's trailing-twelve-month revenue fell 1.6% year on year, with a free-cash-flow margin of 7.7%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 23 communications equipment companies we cover.

Our discounted-cash-flow model values the business at ~$2.8 per share in the base case (~$2.4–$3.3 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 36.7% while net income grew 63.2%: a 27pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 5.5 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Priced above our value. The share price of $5.79 is 52% above our value per share of $3.
  • Revenue shrinking. Revenue fell 1.6% over the last 12 months.
  • Loss-making. Operating margin is -3.4%: costs exceed revenue.
  • Share dilution. Diluted shares rose 4.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 70% and a beta of 2.8 against the S&P 500.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 11.1% over 90 days.

Latest results: FY2026 Q4

Filed August 27, 2026
Earnings per share
$0.04 against an average estimate of $0.04: beat by 4.4%
Revenue
$31m, up 8.0% on a year earlier
Share reaction
+2.9% in the first session after the results on August 26, 2026, against +0.7% for the S&P 500
Guidance given
revenue $31m to $33m (Q1 FY2027); non-GAAP EPS $0.04 to $0.06 (Q1 FY2027)
Next report
November 9, 2026; average EPS estimate $0.04

Lantronix's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.7%
  • 1 week-0.7%
  • 1 month-19.5%
  • This year-1.2%
  • 1 year+17.4%
  • 5 years-38.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$121M
Operating margin
-3.4%
Net margin
-3.5%
EPS (TTM, diluted)
$-0.10

Growth

Revenue growth
−1.6%
Change in growth rate
+15.5 pts
Share count change
+4.0%

Cash

Free cash flow (TTM)
$9.3M
FCF margin
7.7%
Stock pay % of revenue
5.2%

Earnings

Last results
August 26, 2026
Next results (est.)
December 7, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Lantronix Inc valuation models and calculator

What the price is pricing in

The share price implies about 24.9% a year of cash-flow growth for five years.That is faster than the 11.1% a year revenue growth Lantronix has delivered.

  • Priced in24.9%
  • Last 12 months-1.6%
  • 3 years a year-2.7%
  • 5 years a year11.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($6.00, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$2.8
Price used
$6.00close November 3, 2026
Implied change
▼ 53%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Lantronix Inc's free cash flow after stock-based pay with after-tax interest added back ($3.7M, FY2026 Q4 TTM), growing 9.7% and 4.7% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$2.4–~$3.3 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Lantronix Inc's free cash flow after stock-based pay ( $3.7M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Lantronix Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.19 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$2.8 ~$2.4–$3.3 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.0 ~$3.9–$6.9 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$3.5 ~$2.8–$5.0 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lantronix Inc with Communications Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −18%
  • Revenue growth 5 points higher ▲ +24%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▲ +25%
  • Discount rate 1 point higher ▼ −10%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $2$3$3$4$5$6
8.5% $2$2$3$3$4$5
10% $2$2$3$3$3$4

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$0.97$2.43$2.84$3.33$3.71$5.16$5.38$4.21$3.55$2.87$5.88
Market value$15m$42m$54m$72m$94m$148m$176m$153m$133m$111m$236m
+ Net debt (− = net cash)−$6m−$8m−$10m−$18m−$969000−$5m$395000$8m−$7m−$5m−$60m
Enterprise value$9m$34m$45m$54m$93m$144m$176m$161m$126m$106m$176m
Multiples
Price / sales 0.4x0.9x1.2x1.5x1.6x2.1x1.4x1.2x0.8x0.9x2.0x
Price / earnings ——80.0x————————
Price / free cash flow —23.1x194.3x——42.1x——7.7x16.3x25.5x
EV / EBITDA —83.5x36.0x————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

50 /100

Moderate moat

How hard Lantronix's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 15.1% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 44.3%, moving by 5.6 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -3.6%; its worst year was -17.6%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 6 of 10 years, at a median 2.4% of revenue.

  • Discipline 6 / 20

    The diluted share count rose 39.8% over five years; stock-based pay has been a median 4.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (55 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $32m and EPS of $0.04 (range $0.03 to $0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.23 +54% $139m +15%
Next $0.32 +38% $157m +13%

Next year's EPS estimate has moved −11.1% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −16.1% on 90 days ago. In the last 30 days, 0 analysts raised Lantronix Inc's forecast and 5 cut it.

Consensus EPS forecast Lantronix Inc, last 90 days
$0.20 $0.25 $0.30 $0.35 $0.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.28 Current fiscal year, 60 days ago: $0.28 Current fiscal year, 30 days ago: $0.28 Current fiscal year, 7 days ago: $0.23 Current fiscal year, Now: $0.23 $0.23 Next fiscal year, 90 days ago: $0.36 Next fiscal year, 60 days ago: $0.36 Next fiscal year, 30 days ago: $0.36 Next fiscal year, 7 days ago: $0.32 Next fiscal year, Now: $0.32 $0.32

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.28$0.36
60 days ago $0.28$0.36
30 days ago $0.28$0.36
7 days ago $0.23$0.32
Now $0.23$0.32

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.04 $0.04 +4.4%
Mar 2026 $0.04 $0.04 −8.6%
Dec 2025 $0.03 $0.04 +45.5%
Sept 2025 $0.03 $0.04 +33.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 26, 2026
  • Revenue Q1 FY2027 $31m to $33m
    “Revenue: $31.0 million to $33.0 million” source
  • Non-GAAP EPS Q1 FY2027 $0.04 to $0.06 Non-GAAP
    “Non-GAAP EPS: $0.04 to $0.06” source
  • Unmanned systems revenue as % of total revenue fiscal 2027 15% to 20%
    “Unmanned systems grew from a minimal contribution a year ago to $12.6 million in fiscal 2026 revenue, and we expect the business to represent 15% to 20% of total revenue in fiscal 2027.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Lantronix Inc's revenue by +9.7% next year and +4.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+14.8%, weight 52%) , management guidance (+7.4%, weight 21%) and the company's own record (+2.0%, weight 28%) . How the weights are set.

Analyst recommendations

6 analysts, Oct 2026
Buy6100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026156
  2. Sep 2026156
  3. Aug 2026156

Counts of recommendations published by analysts covering Lantronix Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.3%
of tradable shares
Days to cover
2.17
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
66%
of shares
Held by insiders
11.0%
of shares
Employees
327
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +17.4%

$4.93 on October 31, 2025 to $5.79

ThenNowEffect
Revenue (last 12 months) $123m $121m −1.6%
P/S multiple 1.5x 1.9x +24.1%
Share count 39m 40m −3.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LTRX+76%−45%+36%−30%+42%−1%
Industry peers (median)+17%−18%−12%+33%+1%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LTRX67%33%67%50%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LTRX−33%−55%−37%−63%−56%−41%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 80% from November 8, 2021 to April 8, 2025. Getting back needed a 409% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.48 – $8.45
From 52-week high
−31.5%
vs 50-day average
−4.2%
vs 200-day average
−5.1%
Volatility (1 year)
70%
Beta vs S&P 500
2.78

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±16.5%
After a week
7 up, 5 down
typical move ±19.0%
After a month
8 up, 4 down
typical move ±20.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 26, 2026 +2.9% +0.7% −10.2% +19.8%
May 6, 2026 −15.5% +1.1% −11.2% −4.9%
February 4, 2026 −19.2% −1.7% −20.1% −21.5%
November 5, 2025 +9.0% −0.7% +11.4% +19.1%
August 27, 2025 +26.4% +0.6% +22.8% +23.9%
May 8, 2025 −1.4% +0.6% +6.6% +14.6%
February 6, 2025 −24.1% −0.6% −27.2% −37.2%
September 5, 2024 +7.2% −1.9% +29.6% +12.8%
April 29, 2024 +15.0% −1.2% +14.4% +15.3%
February 8, 2024 −32.8% +0.6% −27.6% −35.5%
November 8, 2023 +14.1% −0.7% +15.5% +38.7%
September 7, 2023 +29.9% −0.2% +31.9% +6.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Lantronix Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Lantronix Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Lantronix Inc
$100M $120M $140M $160M $180M FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $132.4M Revenue (TTM), FY24 Q2: $138M Revenue (TTM), FY24 Q3: $146.2M Revenue (TTM), FY24 Q4: $160.3M Revenue (TTM), FY25 Q1: $161.7M Revenue (TTM), FY25 Q2: $155.8M Revenue (TTM), FY25 Q3: $143.2M Revenue (TTM), FY25 Q4: $122.9M Revenue (TTM), FY26 Q1: $118.3M Revenue (TTM), FY26 Q2: $116.9M Revenue (TTM), FY26 Q3: $118.6M Revenue (TTM), FY26 Q4: $120.9M $120.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $132.4M
FY24 Q2 $138M
FY24 Q3 $146.2M
FY24 Q4 $160.3M
FY25 Q1 $161.7M
FY25 Q2 $155.8M
FY25 Q3 $143.2M
FY25 Q4 $122.9M
FY26 Q1 $118.3M
FY26 Q2 $116.9M
FY26 Q3 $118.6M
FY26 Q4 $120.9M
Revenue growth, TTM YoY Lantronix Inc
-40% -20% 0% 20% 40% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: -1.0% Revenue growth, TTM YoY, FY24 Q2: 4.9% Revenue growth, TTM YoY, FY24 Q3: 10.6% Revenue growth, TTM YoY, FY24 Q4: 22.2% Revenue growth, TTM YoY, FY25 Q1: 22.1% Revenue growth, TTM YoY, FY25 Q2: 13.0% Revenue growth, TTM YoY, FY25 Q3: -2.1% Revenue growth, TTM YoY, FY25 Q4: -23.3% Revenue growth, TTM YoY, FY26 Q1: -26.9% Revenue growth, TTM YoY, FY26 Q2: -25.0% Revenue growth, TTM YoY, FY26 Q3: -17.2% Revenue growth, TTM YoY, FY26 Q4: -1.6% -1.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 -1.0%
FY24 Q2 4.9%
FY24 Q3 10.6%
FY24 Q4 22.2%
FY25 Q1 22.1%
FY25 Q2 13.0%
FY25 Q3 -2.1%
FY25 Q4 -23.3%
FY26 Q1 -26.9%
FY26 Q2 -25.0%
FY26 Q3 -17.2%
FY26 Q4 -1.6%
Operating margin (TTM) Lantronix Inc
-10% -5% 0% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: -5.2% Operating margin (TTM), FY24 Q2: -4.7% Operating margin (TTM), FY24 Q3: -2.9% Operating margin (TTM), FY24 Q4: -1.8% Operating margin (TTM), FY25 Q1: -2.1% Operating margin (TTM), FY25 Q2: -2.4% Operating margin (TTM), FY25 Q3: -5.1% Operating margin (TTM), FY25 Q4: -8.9% Operating margin (TTM), FY26 Q1: -8.8% Operating margin (TTM), FY26 Q2: -8.0% Operating margin (TTM), FY26 Q3: -5.8% Operating margin (TTM), FY26 Q4: -3.4% -3.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 -5.2%
FY24 Q2 -4.7%
FY24 Q3 -2.9%
FY24 Q4 -1.8%
FY25 Q1 -2.1%
FY25 Q2 -2.4%
FY25 Q3 -5.1%
FY25 Q4 -8.9%
FY26 Q1 -8.8%
FY26 Q2 -8.0%
FY26 Q3 -5.8%
FY26 Q4 -3.4%
FCF margin (TTM) Lantronix Inc
5% 10% 15% 20% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 7.7% FCF margin (TTM), FY24 Q2: 15.3% FCF margin (TTM), FY24 Q3: 10.9% FCF margin (TTM), FY24 Q4: 10.7% FCF margin (TTM), FY25 Q1: 7.8% FCF margin (TTM), FY25 Q2: 5.4% FCF margin (TTM), FY25 Q3: 5.6% FCF margin (TTM), FY25 Q4: 5.5% FCF margin (TTM), FY26 Q1: 6.6% FCF margin (TTM), FY26 Q2: 8.2% FCF margin (TTM), FY26 Q3: 7.1% FCF margin (TTM), FY26 Q4: 7.7% 7.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 7.7%
FY24 Q2 15.3%
FY24 Q3 10.9%
FY24 Q4 10.7%
FY25 Q1 7.8%
FY25 Q2 5.4%
FY25 Q3 5.6%
FY25 Q4 5.5%
FY26 Q1 6.6%
FY26 Q2 8.2%
FY26 Q3 7.1%
FY26 Q4 7.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 49 45 47 45 43 41 45 46 47 60 71 130 131 160 123 121
Gross profit 24 22 22 22 20 19 24 25 26 27 33 56 56 64 52 53
EBITDA −4 −2 −2 0 −2 −1 0 1 −0 −10 −3 −4 −5 −1 −9 −3
Operating income −5 −3 −3 −1 −3 −2 −0 1 −0 −11 −3 −5 −7 −3 −11 −4
Net income −5 −3 −3 −1 −3 −2 −0 1 −0 −11 −4 −5 −9 −5 −11 −4
Diluted EPS −$0.51 −$0.27 −$0.19 −$0.06 −$0.19 −$0.13 −$0.02 $0.04 −$0.02 −$0.42 −$0.14 −$0.16 −$0.25 −$0.12 −$0.29 −$0.10
Growth (year on year)
Revenue — −8.0% +2.8% −4.5% −3.6% −5.5% +10.2% +1.9% +2.9% +27.7% +19.4% +81.4% +1.2% +22.2% −23.3% −1.6%
EBITDA — — — — — — — — −101.9% — — — — — — —
Margins
Gross margin 49.5% 48.8% 47.4% 50.0% 47.3% 47.7% 52.7% 55.7% 56.0% 44.9% 46.2% 42.9% 42.9% 40.1% 42.1% 43.8%
EBITDA margin −8.2% −4.1% −3.8% 0.2% −4.2% −2.9% 0.9% 2.7% −0.1% −16.3% −3.5% −3.1% −3.8% −0.4% −7.3% −2.1%
Operating margin −10.3% −6.1% −5.7% −1.8% −6.2% −4.7% −0.4% 1.8% −1.0% −17.6% −4.7% −3.9% −5.1% −1.8% −8.9% −3.4%
Net margin −10.7% −6.7% −5.9% −2.1% −6.5% −4.8% −0.6% 1.5% −0.9% −17.9% −5.7% −4.1% −6.8% −2.8% −9.3% −3.5%
Free-cash-flow margin −9.2% −7.0% −11.5% 2.2% −5.2% −0.9% 4.1% 0.6% −5.6% −5.2% 4.9% −8.9% −1.9% 10.7% 5.5% 7.7%
Cash flow
Cash from operations −4 −3 −4 2 −2 0 2 1 −2 −3 4 −9 0 19 7 10
Capital spending 0 1 1 1 1 1 0 0 1 1 1 2 3 1 1 1
Free cash flow −5 −3 −5 1 −2 −0 2 0 −3 −3 4 −12 −2 17 7 9
Stock-based pay 2 1 1 1 1 1 1 1 2 4 4 6 6 8 6 6
Free cash flow after stock pay −6 −4 −6 0 −3 −1 1 −1 −5 −7 −0 −18 −9 9 1 3
Balance sheet
Cash 6 11 5 6 5 6 8 10 18 8 10 17 13 26 20 60
Total debt 2 1 — 0 1 0 0 0 0 7 5 18 22 19 15 0
Net debt (negative = net cash) −4 −11 −5 −6 −4 −6 −8 −10 −18 −1 −5 0 8 −7 −5 −60
Diluted shares 10m 11m 15m 15m 15m 15m 17m 19m 22m 25m 29m 33m 36m 37m 39m 40m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · June 30, 2026
What it owns · $160m
Short-term assets $117mLonger-term assets $43m
What it owes, and who funded it · $160m
Short-term liabilities $32mLonger-term liabilities $9mShareholders' equity $119m
  • Short-term assets cover short-term liabilities $117m of assets due within a year against $32m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $117m short-term assets against $9m of longer-dated liabilities.
  • More cash than debt $60m of cash against $0 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 35% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt No debt to cover.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Lantronix Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+4.0%
year over year
R&D spending
14.5%
of revenue
Sales & admin spending
30.6%
of revenue
Days sales outstanding
76 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in communications equipment
Last 12 months unless stated LTRX KVHI ALLT CLFD INSG ONDS Median
Revenue, last 12 months $121m $125m $102m $154m $173m $174m $324m
Revenue growth, last 12 months −1.6% 15.8% 10.6% 34.0% −0.8% 979.3% 11.0%
Revenue growth, 3-year average −2.7% −3.5% 1.8% −21.2% −8.6% 166.7% 4.1%
Revenue growth, latest quarter 8.0% 26.7% — 13.2% 9.4% >999% 12.9%
Gross margin 43.8% 1.7% 71.1% 33.0% 41.1% 43.7% 43.7%
Operating margin −3.4% −7.0% 3.5% −0.2% −4.3% −140.4% 2.2%
Operating margin, 3-year average −4.7% −11.3% −9.0% −4.3% −6.3% −253.1% −1.4%
Net margin −3.5% −4.7% 3.6% −4.7% −6.4% 96.0% −0.0%
Cash from operations / revenue 8.2% 5.5% 17.4% 10.3% −4.0% −92.5% 9.9%
Free-cash-flow margin 7.7% −2.7% 15.2% 8.2% −4.5% −98.7% 7.7%
Free-cash-flow margin, 3-year average 8.0% −6.5% 0.2% 11.2% 2.3% −210.5% 2.2%
Stock pay / revenue 5.2% 1.2% 4.9% 3.1% 5.5% 15.0% 3.9%
Change in share count 4.0% −0.1% 18.6% −2.5% 12.0% 31.9% 1.5%

Median of all 40 companies we cover in communications equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 communications equipment companies
Measure Company Peer median Rank
Revenue growth Growth -1.6% 11.3% 32 of 40
Change in growth rate Growth +15.5pp +2.0pp 8 of 40
Gross margin Profitability 43.8% 44.1% 19 of 36
Operating margin Profitability -3.4% 2.4% 24 of 40
Net margin Profitability -3.5% 0.6% 24 of 40
Free-cash-flow margin Cash generation 7.7% 8.2% 21 of 38
Stock pay as % of revenue Cash generation 5.2% 3.9% 24 of 37
Long-term debt as % of assets Balance sheet 0.0% 10.4% 1 of 23
Change in share count Balance sheet 4.0% 1.6% 23 of 36
Days sales outstanding Balance sheet 76 days 75 days 19 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Products and services
Line of business Revenue Share YoY
Io T System Solutions $58.3M 48.2% ▼ 15.2%
Embedded Io T Solutions $53.6M 44.3% ▲ 15.6%
Software and Services $9M 7.5% ▲ 15.5%

From Lantronix Inc's 10-K filed August 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$165M
Institutions reporting
121
Shares held vs prior quarter
▲ 65.6%
Positions opened / closed
39 / 20

Top buyers and sellers, Q2 2026: 89 institutions bought and 36 sold ; the biggest buyer was Needham Investment Management LLC (+3.1M shares) and the biggest seller Susquehanna International Group, LLP (−527K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Needham Investment Management LLC $18.5M 3.1M 11.2% New
Blackrock, Inc. $13.1M 2.2M 7.9% ▲ 639.5%
Vanguard Capital Management LLC $9.1M 1.6M 5.5% ▲ 5.8%
State Street Corp $8.1M 1.4M 4.9% ▲ 447.1%
Awm Investment Company, Inc. $7.3M 1.3M 4.5% New
Royce & Associates LP $7.2M 1.2M 4.3% ▲ 47.2%
Heartland Advisors Inc $5.3M 900K 3.2% 0.0%
Geode Capital Management, LLC $5.3M 897K 3.2% ▲ 124.7%
Two Sigma Investments, LP $4.9M 838K 3.0% ▲ 59.8%
Dimensional Fund Advisors LP $4.8M 815K 2.9% ▲ 2.1%
Citadel Advisors LLC $4.6M 787K 2.8% ▲ 186.8%
Renaissance Technologies LLC $4.5M 765K 2.7% ▲ 10.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lantronix Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $77,700 1 trade by 1 insider, last 12 months Insider sales History → $89,840 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $12,140 net selling
Insider Date Trade Shares Price Value
Awsare Saleel President & CEO September 9, 2026 Buy 15,000 $5.18 $77,700
Gurusamy Mathi Chief Product & Strategy Ofcr March 13, 2026 Sell 14,467 $6.21 $89,840

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 7, 2026 estimated from the company's past filing pattern, not announced

  • August 26, 2026
  • May 6, 2026
  • February 4, 2026
  • November 5, 2025
  • August 27, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Lantronix Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Lantronix Inc in brief

What does Lantronix Inc do?
Lantronix Inc is a US-listed company in the communications equipment industry. Its financial year ends in June.
What is Lantronix Inc's stock ticker?
Lantronix Inc trades under the ticker LTRX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Lantronix Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Lantronix Inc reported revenue of $121M, 1.6% lower than a year earlier, according to its SEC filings.
What is Lantronix Inc's free cash flow?
Lantronix Inc's free-cash-flow margin is 7.7% of revenue over the trailing twelve months, ranking 21 of the 38 communications equipment companies we cover.
What is Lantronix Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Lantronix Inc's free cash flow after stock-based pay gives ~$2.8 per share in the base case, and ~$2.4–$3.3 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Lantronix Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Needham Investment Management LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Lantronix Inc's market cap?
On June 30, 2026, Lantronix Inc's market capitalisation was about $236M and net debt of -$60.5M. Market figures come from third-party market data and may be delayed.
How much debt does Lantronix Inc have?
Lantronix Inc's debt-to-equity ratio is 0.0%, from its latest balance sheet (34.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Lantronix Inc's competitors?
In our Communications Equipment peer group, the companies closest to Lantronix Inc are KVH Industries Inc \de\, Allot Ltd., Clearfield, Inc., Inseego Corp. and Ondas Inc. The side-by-side comparison below sets their revenue, margins and growth against Lantronix Inc's.
Are insiders buying or selling Lantronix Inc stock?
Over the last 12 months, Lantronix Inc's directors and officers reported 1 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Lantronix Inc's next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Lantronix Inc announces its own schedule.