LSAK Nasdaq Functions Related To Depository Banking, Nec Financials FY2017βFY2026
Lesaka Technologies Inc had $722M of revenue in fiscal 2026, up 9.4% on the year before. Over five years, revenue changed +40.7% a year on average.
Last close Β· Oct 23, 2026
$4.07
3.1%Hi! I read Lesaka Technologies Incβs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+9.4%
Yes. Sales grew 9.4% last year.
Does it make a profit?
0.4%
A little. It keeps 0.4% of every sale as profit.
Does profit turn into cash?
4.4%
Partly. 4.4% of sales ends up as free cash.
Is debt under control?
2.2x
Keep an eye on it. Repaying its debt would take 2.2 years of operating profit.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
How is the share priced?
135.7x
One share costs 135.7 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Lesaka Technologies Inc had $722M of revenue in fiscal 2026, up 9.4% on the year before. Over five years, revenue changed +40.7% a year on average. Its operating margin was 1.8%, up 6.0Β pts: of every 100 in sales, about 2 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Lesaka Technologies Inc made $2.8M of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew β34.4% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $31.8M in fiscal 2026, 4.4% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Lesaka Technologies Inc returned $0.3M to shareholders in fiscal 2026, 1% of free cash flow. The diluted share count rose 7.8%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $9.9M and sold $4.2M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$9.9M
2 insiders
Sold, 12 months
$4.2M
2 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2026 | Ali MazanderaniExecutive Chairman, Director | Bought | 14,774 | $4.40 | $0.1M | Form 4 |
| Sep 15, 2026 | Ali MazanderaniExecutive Chairman, Director | Bought | 28,226 | $4.21 | $0.1M | Form 4 |
| Apr 16, 2026 | International Finance Corp10% owner | Sold | 66,437 | $4.90 | $0.3M | Form 4 |
| Apr 15, 2026 | International Finance Corp10% owner | Sold | 19,488 | $4.90 | $0.1M | Form 4 |
| Apr 14, 2026 | International Finance Corp10% owner | Sold | 106,948 | $4.90 | $0.5M | Form 4 |
| Apr 13, 2026 | International Finance Corp10% owner | Sold | 52,230 | $4.92 | $0.3M | Form 4 |
| Apr 10, 2026 | International Finance Corp10% owner | Sold | 57,894 | $4.98 | $0.3M | Form 4 |
| Apr 9, 2026 | International Finance Corp10% owner | Sold | 9,878 | $4.95 | $0.0M | Form 4 |
| Apr 8, 2026 | International Finance Corp10% owner | Sold | 19,311 | $4.93 | $0.1M | Form 4 |
| Apr 7, 2026 | International Finance Corp10% owner | Sold | 47,954 | $4.91 | $0.2M | Form 4 |
| Apr 6, 2026 | International Finance Corp10% owner | Sold | 34,219 | $4.95 | $0.2M | Form 4 |
| Apr 2, 2026 | International Finance Corp10% owner | Sold | 9,928 | $4.99 | $0.0M | Form 4 |
| Apr 1, 2026 | International Finance Corp10% owner | Sold | 18,663 | $4.97 | $0.1M | Form 4 |
| Mar 31, 2026 | International Finance Corp10% owner | Sold | 32,807 | $5.02 | $0.2M | Form 4 |
| Mar 30, 2026 | International Finance Corp10% owner | Sold | 6,467 | $4.92 | $0.0M | Form 4 |
| Mar 27, 2026 | International Finance Corp10% owner | Sold | 31,504 | $4.91 | $0.2M | Form 4 |
| Mar 26, 2026 | International Finance Corp10% owner | Sold | 2,468 | $4.95 | $0.0M | Form 4 |
| Mar 25, 2026 | International Finance Corp10% owner | Sold | 11,104 | $5.04 | $0.1M | Form 4 |
| Mar 24, 2026 | International Finance Corp10% owner | Sold | 16,179 | $5.02 | $0.1M | Form 4 |
| Mar 23, 2026 | International Finance Corp10% owner | Sold | 2,162 | $5.03 | $0.0M | Form 4 |
| Mar 19, 2026 | International Finance Corp10% owner | Sold | 34,607 | $5.06 | $0.2M | Form 4 |
| Mar 18, 2026 | International Finance Corp10% owner | Sold | 4,819 | $5.38 | $0.0M | Form 4 |
| Mar 17, 2026 | International Finance Corp10% owner | Sold | 87,041 | $5.31 | $0.5M | Form 4 |
| Mar 16, 2026 | International Finance Corp10% owner | Sold | 27,389 | $4.94 | $0.1M | Form 4 |
| Mar 13, 2026 | International Finance Corp10% owner | Sold | 60,000 | $4.85 | $0.3M | Form 4 |
| Mar 13, 2026 | Dean Chad SparrowDirector | Sold | 110 | $4.66 | $0.0M | Form 4 |
| Mar 12, 2026 | International Finance Corp10% owner | Sold | 2,839 | $4.68 | $0.0M | Form 4 |
| Mar 12, 2026 | Dean Chad SparrowDirector | Sold | 6 | $4.72 | $0.0M | Form 4 |
| Mar 11, 2026 | Dean Chad SparrowDirector | Sold | 963 | $4.80 | $0.0M | Form 4 |
| Mar 11, 2026 | International Finance Corp10% owner | Sold | 4,235 | $4.65 | $0.0M | Form 4 |
| Mar 10, 2026 | International Finance Corp10% owner | Sold | 24,532 | $4.64 | $0.1M | Form 4 |
| Mar 9, 2026 | International Finance Corp10% owner | Sold | 27,767 | $4.56 | $0.1M | Form 4 |
| Mar 9, 2026 | Dean Chad SparrowDirector | Sold | 144 | $4.72 | $0.0M | Form 4 |
| Mar 6, 2026 | International Finance Corp10% owner | Sold | 9,224 | $4.64 | $0.0M | Form 4 |
| Mar 6, 2026 | Dean Chad SparrowDirector | Sold | 207 | $4.73 | $0.0M | Form 4 |
| Mar 5, 2026 | International Finance Corp10% owner | Sold | 4,290 | $4.59 | $0.0M | Form 4 |
| Mar 4, 2026 | International Finance Corp10% owner | Sold | 6,823 | $4.65 | $0.0M | Form 4 |
| Mar 4, 2026 | Ali MazanderaniExecutive Chairman, Director | Bought | 32,000 | $4.69 | $0.2M | Form 4 |
| Mar 3, 2026 | Dean Chad SparrowDirector | Sold | 332 | $4.80 | $0.0M | Form 4 |
| Feb 9, 2026 | Ali MazanderaniExecutive Chairman, Director | Bought | 91,423 | $4.36 | $0.4M | Form 4 |
| Dec 31, 2025 | Ali MazanderaniExecutive Chairman, Director | Bought | 1,800,000 | $5.00 | $9.0M | Form 4 |
| Dec 17, 2025 | International Finance Corp10% owner | Sold | 100 | $4.33 | $0.0M | Form 4 |
| Dec 10, 2025 | Daniel Luke SmithGroup CFO, Director | Bought | 11,503 | $4.40 | $0.1M | Form 4 |
| Dec 9, 2025 | Daniel Luke SmithGroup CFO, Director | Bought | 5,761 | $4.21 | $0.0M | Form 4 |
| Dec 8, 2025 | Daniel Luke SmithGroup CFO, Director | Bought | 2,500 | $4.16 | $0.0M | Form 4 |
| Dec 5, 2025 | Daniel Luke SmithGroup CFO, Director | Bought | 10,736 | $4.19 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Lesaka Technologies Inc owes $129M more than it holds in cash, about 2.2 years of operating profit.
Cash, debt and the ratios that show how comfortably Lesaka Technologies Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $43.9M | $35.5M | $59.1M | $76.5M | $81.4M |
| Debt incl. finance leases | $142M | $133M | $143M | $201M | $211M |
| Net debt / EBITDA | β | 11.7x | 3.2x | 21.6x | 2.2x |
| Debt / equity | 0.6x | 0.7x | 0.8x | 1.3x | 1.0x |
| Interest coverage | β6.9x | β0.8x | 0.1x | β1.3x | 0.7x |
| Current ratio | 1.5x | 1.6x | 1.4x | 1.5x | 1.6x |
| Quick ratio | 1.3x | 1.3x | 1.3x | 1.3x | 1.5x |
| Total assets | $657M | $542M | $558M | $651M | $699M |
| Total liabilities | $342M | $283M | $303M | $396M | $415M |
| Shareholders' equity | $235M | $179M | $176M | $159M | $205M |
| Net debt (β = net cash) | $97.7M | $97.6M | $84.1M | $124M | $129M |
KIRA Β· Its return on capital was 2.5%: every 100 invested in the business earned about 2 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Lesaka Technologies Inc passes 8 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 7 / 9 | 2 / 9 | 5 / 8 | 2 / 8 | 3 / 9 | 5 / 9 | 5 / 9 | 4 / 9 | 8 / 9 |
| Accruals ratio | β1.7% | β5.3% | β32.5% | β5.8% | 4.6% | β1.2% | β5.9% | β8.6% | β13.5% | β7.4% |
| Altman Z'' | 4.77 | 5.12 | 3.11 | 10.01 | 10.25 | 2.83 | 3.19 | 3.13 | 2.02 | 2.59 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $610M | $613M | $161M | $144M | $131M | $223M | $528M | $564M | $660M | $722M |
| Provision for credit losses | β | $13.4M | $32.8M | $0.7M | $0.1M | $1.6M | $6.5M | $5.2M | $8.0M | $12.8M |
| Gross profit | $318M | $369M | $36.5M | $42.0M | $34.5M | $54.3M | $110M | $121M | $173M | $231M |
| Research and development | $2.0M | $0.8M | $0.7M | $1.6M | $0.3M | $0.5M | $0.5M | $0.5M | $0.5M | $0.8M |
| Operating income | $97.0M | $53.8M | β$135M | β$44.2M | β$53.9M | β$40.2M | β$15.3M | $2.8M | β$28.0M | $12.7M |
| Interest expense | $3.5M | $8.9M | $9.9M | $7.6M | $3.0M | $5.8M | $18.6M | $19.2M | $21.8M | $18.5M |
| Pretax income | $114M | $94.6M | β$319M | β$65.0M | β$5.6M | β$39.9M | β$32.3M | β$13.9M | β$107M | $3.7M |
| Income tax | $42.5M | $45.1M | β$5.1M | $2.7M | $7.6M | $0.3M | β$2.3M | $3.4M | β$16.0M | $1.4M |
| Net income | $73.1M | $62.1M | β$311M | β$78.4M | β$38.1M | β$43.9M | β$35.1M | β$18.5M | β$91.0M | $2.8M |
| Diluted EPS | $1.33 | $1.09 | β$5.48 | β$1.37 | β$0.67 | β$0.75 | β$0.56 | β$0.29 | β$1.19 | $0.03 |
| Diluted shares | 0.05B | 0.00B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.07B | 0.08B |
| Cash flow | ||||||||||
| Cash from operations | $97.2M | $132M | β$4.5M | β$46.0M | β$58.4M | β$37.2M | $0.4M | $28.8M | β$9.1M | $52.4M |
| Capital expenditure | $11.2M | $9.6M | $9.4M | $5.9M | $4.3M | $4.6M | $16.2M | $12.7M | $17.2M | $20.6M |
| Free cash flow | $86.0M | $123M | β$13.9M | β$52.0M | β$62.7M | β$41.8M | β$15.7M | $16.1M | β$26.3M | $31.8M |
| Depreciation and amortization | $41.4M | $35.5M | $37.3M | $13.3M | $4.3M | $7.6M | $23.7M | $23.7M | $33.7M | $47.3M |
| Stock-based compensation | $2.0M | $2.6M | $0.4M | $1.7M | $0.3M | $3.0M | $7.3M | $7.9M | $9.6M | $7.0M |
| Acquisitions | $4.7M | $6.2M | $0.0M | $0.0M | $0.0M | $202M | $0.0M | $1.6M | $12.9M | $11.1M |
| Share buybacks | $45.8M | β | β | β | $0.0M | $0.0M | $1.3M | $1.5M | $13.7M | $0.3M |
| Dividends and buybacks | $45.8M | β | β | β | $0.0M | $0.0M | $1.3M | $1.5M | $13.7M | $0.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $258M | $90.1M | $46.1M | $218M | $199M | $43.9M | $35.5M | $59.1M | $76.5M | $81.4M |
| Total debt | $32.8M | $50.2M | $0.0M | β | $0.0M | $142M | $133M | $143M | $201M | $211M |
| Loans, net | $11.9M | $1.1M | β | β | β | β | β | β | β | β |
| Current assets | $1.1B | $427M | $296M | $319M | $294M | $218M | $164M | $188M | $244M | $268M |
| Current liabilities | $721M | $283M | $238M | $71.3M | $52.5M | $146M | $102M | $130M | $164M | $169M |
| Inventory | $8.0M | $10.4M | $5.7M | $19.9M | $22.4M | $34.2M | $27.3M | $18.2M | $23.6M | $20.1M |
| Property and equipment, net | $39.4M | $25.7M | $8.2M | $6.7M | $7.5M | $24.6M | $27.4M | $31.9M | $44.9M | $50.2M |
| Goodwill | $75.6M | $52.8M | $37.3M | $24.2M | $29.2M | $163M | $134M | $139M | $199M | $215M |
| Intangible assets | $38.8M | $27.1M | $2.2M | $0.6M | $0.4M | $157M | $122M | $111M | $139M | $123M |
| Total assets | $1.5B | $1.2B | $670M | $454M | $428M | $657M | $542M | $558M | $651M | $699M |
| Total liabilities | $743M | $373M | $245M | $78.5M | $67.4M | $342M | $283M | $303M | $396M | $415M |
| Shareholders' equity | $598M | $641M | $317M | $290M | $276M | $235M | $179M | $176M | $159M | $205M |
| Margins | ||||||||||
| Gross margin | 52.1% | 60.3% | 22.7% | 29.1% | 26.4% | 24.4% | 20.9% | 21.4% | 26.2% | 32.0% |
| Operating margin | 15.9% | 8.8% | β84.0% | β30.7% | β41.2% | β18.1% | β2.9% | 0.5% | β4.2% | 1.8% |
| EBITDA margin | 22.7% | 14.6% | β60.7% | β21.4% | β37.9% | β14.7% | 1.6% | 4.7% | 0.9% | 8.3% |
| Net margin | 12.0% | 10.1% | β193.6% | β54.3% | β29.1% | β19.7% | β6.6% | β3.3% | β13.8% | 0.4% |
| FCF margin | 14.1% | 20.0% | β8.6% | β36.0% | β47.9% | β18.8% | β3.0% | 2.9% | β4.0% | 4.4% |
| Returns | ||||||||||
| Return on capital | 17.0% | 5.8% | β39.3% | β | β55.0% | β9.5% | β4.4% | 0.8% | β7.8% | 2.5% |
| Return on capital employed | 13.3% | 5.8% | β31.2% | β11.6% | β14.3% | β7.9% | β3.5% | 0.6% | β5.7% | 2.4% |
| Return on equity | 12.2% | 10.0% | β64.9% | β25.8% | β13.4% | β17.2% | β16.9% | β10.4% | β54.3% | 1.5% |
| Return on assets | 5.0% | 4.7% | β33.0% | β13.9% | β8.6% | β8.1% | β5.9% | β3.4% | β15.0% | 0.4% |
| Return on tangible equity | 15.1% | 11.1% | β112.0% | β29.5% | β15.4% | β | β | β | β | β |
| Growth | ||||||||||
| Revenue growth | β | 0.5% | β73.8% | β10.2% | β9.4% | 70.2% | 137.2% | 6.9% | 16.9% | 9.4% |
| Net income growth | β | β15.0% | β600.9% | β | β | β | β | β | β | β |
| EPS growth | β | β18.0% | β602.8% | β | β | β | β | β | β | β |
| FCF growth | β | 42.7% | β111.3% | β | β | β | β | β | β263.2% | β |
| Share count change | β | β99.9% | 100,044.9% | 0.0% | 1.0% | 1.1% | 5.1% | 1.9% | 20.6% | 7.8% |
| Financial health | ||||||||||
| Net debt / EBITDA | β1.6x | β0.4x | β | β | β | β | 11.7x | 3.2x | 21.6x | 2.2x |
| Debt / equity | 0.1x | 0.1x | 0.0x | β | 0.0x | 0.6x | 0.7x | 0.8x | 1.3x | 1.0x |
| Interest coverage | 27.9x | 6.0x | β13.7x | β5.8x | β18.1x | β6.9x | β0.8x | 0.1x | β1.3x | 0.7x |
| Current ratio | 1.5x | 1.5x | 1.2x | 4.5x | 5.6x | 1.5x | 1.6x | 1.4x | 1.5x | 1.6x |
| Quick ratio | 1.5x | 1.5x | 1.2x | 4.2x | 5.2x | 1.3x | 1.3x | 1.3x | 1.3x | 1.5x |
| Provision / loans | β | 1,206.7% | β | β | β | β | β | β | β | β |
| Capital allocation | ||||||||||
| Capex / revenue | 1.8% | 1.6% | 5.9% | 4.1% | 3.3% | 2.0% | 3.1% | 2.2% | 2.6% | 2.9% |
| Stock comp / revenue | 0.3% | 0.4% | 0.2% | 1.2% | 0.3% | 1.3% | 1.4% | 1.4% | 1.4% | 1.0% |
| Payouts / FCF | 53.3% | β | β | β | β | β | β | 9.3% | β | 1.1% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 7.0 | 2.0 | 5.0 | 2.0 | 3.0 | 5.0 | 5.0 | 4.0 | 8.0 |
| Altman Z'' | 4.8 | 5.1 | 3.1 | 10.0 | 10.3 | 2.8 | 3.2 | 3.1 | 2.0 | 2.6 |
| Accruals ratio | β1.7% | β5.3% | β32.5% | β5.8% | 4.6% | β1.2% | β5.9% | β8.6% | β13.5% | β7.4% |
Source: SEC EDGAR XBRL filings (CIK 0001041514). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
