Company / R&D Expense
LIGHTPATH TECHNOLOGIES INC R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$3.1M
FY2025
5-year range
$2.1M / $3.1M
FY2021-FY2025
Trend
+27.6%
vs FY2024
Sector context
#245 of 248
Information Technology
What the data says
Among 248 Information Technology companies, LIGHTPATH TECHNOLOGIES INC is in the bottom 1% for r&d expense. R&D Expense has increased for 3 consecutive years, from $2M in FY2022 to $3M in FY2025.
Based on SEC 10-K filings.
$3M in FY2025 with a 5-year CAGR of +12.3%.
Improved from $2M to $3M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +13.7%
- 5-Year CAGR
- +12.3%
- 10-Year CAGR
- -
Sector benchmark
Bottom 1% in Information TechnologyTop 99% of 248This company $3.1M Sector average $941.5M
▼
-99.7% below sector average
Key checks
Key Insights
- LIGHTPATH TECHNOLOGIES INC's r&d expense has grown for 3 consecutive years.
- 5-year CAGR of +12.3%, indicating consistent growth.
- In FY2025, r&d expense increased 27.6% year-over-year.
- Ranks #245 out of 248 companies in the Information Technology sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -2.19 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.1M | +27.6% |
| FY2024 | $2.4M | +11.9% |
| FY2023 | $2.1M | +2.9% |
| FY2022 | $2.1M | -3.7% |
| FY2021 | $2.2M | +26.4% |
| FY2020 | $1.7M | -15.0% |
| FY2019 | $2.0M | +24.6% |
| FY2018 | $1.6M | +31.0% |
| FY2017 | $1.2M | +84.8% |
| FY2016 | $668.8K | -39.7% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026