LEDS Nasdaq Semiconductors & Related Devices Financials FY2016βFY2025
SemiLEDs Corp had $43.0M of revenue in fiscal 2025, up 729.8% on the year before. Over five years, revenue changed +47.9% a year on average.
Last close Β· Oct 23, 2026
$1.97
2.1%Hi! I read SemiLEDs Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+729.8%
Yes. Sales grew 729.8% last year.
Does it make a profit?
β2.6%
No. It lost money last year.
Does profit turn into cash?
3.8%
Partly. 3.8% of sales ends up as free cash.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days SemiLEDs Corp did it, and the next one. Share prices often move a lot on those days.
Next results
November 27, 2026
Friday Β· in 33 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Jul 14, 2026 | Q3 '26 | Before the market opens | 8-K β |
| Apr 14, 2026 | Q2 '26 | Before the market opens | 8-K β |
| Jan 14, 2026 | Q1 '26 | Before the market opens | 8-K β |
| Nov 28, 2025 | Q4 '25 | Before the market opens | 8-K β |
| Jul 11, 2025 | Q3 '25 | Before the market opens | 8-K β |
| Apr 10, 2025 | Q2 '25 | Before the market opens | 8-K β |
| Jan 10, 2025 | Q1 '25 | Before the market opens | 8-K β |
| Nov 27, 2024 | Q4 '24 | Before the market opens | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· SemiLEDs Corp had $43.0M of revenue in fiscal 2025, up 729.8% on the year before. Over five years, revenue changed +47.9% a year on average. Its operating margin was β3.7%, up 52.2Β pts: of every 100 in sales, about β4 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· SemiLEDs Corp lost $1.1M in fiscal 2025.
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 $1.6M in fiscal 2025, 3.8% 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
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
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
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
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· SemiLEDs Corp has $0.9M more cash than debt.
Cash, debt and the ratios that show how comfortably SemiLEDs Corp 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 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $4.8M | $4.3M | $2.6M | $1.7M | $2.6M |
| Debt incl. finance leases | $7.7M | $6.9M | $6.4M | $3.7M | $1.7M |
| Debt / equity | 1.7x | 2.0x | 5.5x | 1.7x | 0.6x |
| Current ratio | 1.1x | 1.0x | 0.8x | 0.8x | 1.0x |
| Quick ratio | 0.6x | 0.6x | 0.4x | 0.3x | 0.6x |
| Total assets | $18.2M | $16.1M | $13.5M | $11.1M | $15.6M |
| Total liabilities | $13.6M | $12.6M | $12.3M | $8.9M | $12.8M |
| Shareholders' equity | $4.6M | $3.5M | $1.2M | $2.2M | $2.8M |
| Net debt (β = net cash) | $2.8M | $2.7M | $3.8M | $2.1M | β$0.9M |
KIRA Β· Its return on capital was β66.7%: every 100 invested in the business earned about β67 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· SemiLEDs Corp passes 6 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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4 / 9 | 3 / 9 | 3 / 9 | 3 / 9 | 3 / 9 | 2 / 9 | 2 / 9 | 6 / 9 | 6 / 9 |
| Accruals ratio | β80.4% | β10.0% | β11.2% | β0.5% | 3.5% | β7.0% | β7.3% | β11.6% | β13.6% | β24.9% |
| Altman Z'' | β27.60 | β32.18 | β41.67 | β51.26 | β41.30 | β33.28 | β38.45 | β47.85 | β57.39 | β40.18 |
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 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $10.1M | $9.2M | $7.5M | $5.9M | $6.1M | $4.7M | $7.1M | $6.0M | $5.2M | $43.0M |
| Gross profit | β$4.9M | $0.1M | β$0.4M | $0.5M | $1.6M | $1.0M | $1.4M | $1.0M | $1.1M | $2.4M |
| Research and development | $2.0M | $0.9M | $1.0M | $1.6M | $1.5M | $1.6M | $1.5M | $1.4M | $1.2M | $1.2M |
| Operating income | β$20.6M | β$4.3M | β$3.7M | β$3.7M | β$2.1M | β$3.9M | β$3.2M | β$3.4M | β$2.9M | β$1.6M |
| Pretax income | β$21.3M | β$4.1M | β$3.0M | β$3.6M | β$0.5M | β$2.9M | β$2.7M | β$2.7M | β$2.0M | β$1.1M |
| Net income | β$21.3M | β$4.1M | β$3.0M | β$3.6M | β$0.5M | β$2.9M | β$2.7M | β$2.7M | β$2.0M | β$1.1M |
| Diluted EPS | β$7.25 | β$1.16 | β$0.84 | β$1.00 | β$0.15 | β$0.68 | β$0.61 | β$0.55 | β$0.32 | β$0.15 |
| Diluted shares | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | β$3.4M | β$2.1M | β$1.2M | β$3.5M | β$1.0M | β$1.7M | β$1.5M | β$1.0M | β$0.4M | $2.2M |
| Capital expenditure | $0.8M | $0.2M | $0.3M | $0.1M | $0.3M | $0.1M | $0.3M | $0.2M | $0.1M | $0.6M |
| Free cash flow | β$4.2M | β$2.3M | β$1.5M | β$3.6M | β$1.3M | β$1.8M | β$1.8M | β$1.2M | β$0.5M | $1.6M |
| Depreciation and amortization | $5.5M | $1.1M | $1.0M | $1.1M | $0.8M | $0.9M | $0.9M | $1.0M | $0.6M | $0.7M |
| Stock-based compensation | $0.4M | $0.0M | $0.1M | $0.1M | $0.1M | $0.2M | $0.5M | $0.5M | $0.3M | $0.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $6.0M | $3.6M | $3.4M | $1.4M | $2.8M | $4.8M | $4.3M | $2.6M | $1.7M | $2.6M |
| Total debt | $2.9M | $2.7M | $2.3M | $6.4M | $7.7M | $7.7M | $6.9M | $6.4M | $3.7M | $1.7M |
| Deposits | β | $0.0M | $3.0M | β | β | β | β | β | β | β |
| Current assets | $11.6M | $8.0M | $5.9M | $4.6M | $7.5M | $10.1M | $9.1M | $7.6M | $5.9M | $11.3M |
| Current liabilities | $4.9M | $7.5M | $7.2M | $3.9M | $9.0M | $9.5M | $9.3M | $9.7M | $7.0M | $11.4M |
| Inventory | $4.1M | $2.9M | $1.8M | $2.1M | $2.5M | $3.9M | $3.8M | $4.0M | $3.6M | $4.8M |
| Property and equipment, net | $8.8M | $8.3M | $7.2M | $5.9M | $5.6M | $5.2M | $4.1M | $3.2M | $2.8M | $2.7M |
| Intangible assets | $0.0M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M |
| Total assets | $22.2M | $17.7M | $14.3M | $11.7M | $14.6M | $18.2M | $16.1M | $13.5M | $11.1M | $15.6M |
| Total liabilities | $10.6M | $9.9M | $9.2M | $9.9M | $12.0M | $13.6M | $12.6M | $12.3M | $8.9M | $12.8M |
| Shareholders' equity | $11.6M | $7.8M | $5.0M | $1.7M | $2.5M | $4.6M | $3.5M | $1.2M | $2.2M | $2.8M |
| Margins | ||||||||||
| Gross margin | β48.3% | 0.9% | β5.8% | 7.7% | 26.4% | 21.1% | 19.9% | 16.8% | 21.2% | 5.6% |
| Operating margin | β203.2% | β46.7% | β49.4% | β62.7% | β34.6% | β82.4% | β45.4% | β56.9% | β56.0% | β3.7% |
| EBITDA margin | β148.7% | β34.8% | β36.1% | β44.2% | β20.7% | β63.4% | β32.1% | β40.1% | β44.1% | β2.1% |
| Net margin | β209.8% | β44.4% | β39.8% | β60.4% | β9.0% | β60.2% | β38.9% | β45.0% | β39.3% | β2.6% |
| FCF margin | β41.6% | β24.4% | β20.6% | β61.5% | β20.9% | β38.4% | β25.2% | β19.8% | β9.3% | 3.8% |
| Returns | ||||||||||
| Return on capital | β191.9% | β48.8% | β74.4% | β43.4% | β22.6% | β41.5% | β41.4% | β54.3% | β53.9% | β66.7% |
| Return on capital employed | β118.8% | β42.1% | β52.7% | β47.8% | β37.6% | β44.7% | β47.1% | β90.6% | β70.5% | β38.0% |
| Return on equity | β183.4% | β42.1% | β46.5% | β105.7% | β25.5% | β80.2% | β68.3% | β116.9% | β121.5% | β45.4% |
| Return on assets | β95.7% | β20.5% | β18.7% | β27.5% | β4.1% | β17.4% | β16.0% | β18.2% | β16.6% | β8.5% |
| Return on tangible equity | β184.1% | β53.0% | β60.8% | β216.3% | β22.4% | β63.9% | β81.9% | β255.2% | β96.4% | β42.2% |
| Growth | ||||||||||
| Revenue growth | β | β9.1% | β18.7% | β21.3% | 2.8% | β22.0% | 48.9% | β15.2% | β13.3% | 729.8% |
| Share count change | β | 20.8% | 0.2% | 0.8% | 9.5% | 6.6% | 8.2% | 7.9% | 29.5% | 22.2% |
| Financial health | ||||||||||
| Debt / equity | 0.3x | 0.3x | 0.5x | 3.6x | 3.0x | 1.7x | 2.0x | 5.5x | 1.7x | 0.6x |
| Current ratio | 2.4x | 1.1x | 0.8x | 1.2x | 0.8x | 1.1x | 1.0x | 0.8x | 0.8x | 1.0x |
| Quick ratio | 1.5x | 0.7x | 0.6x | 0.6x | 0.6x | 0.6x | 0.6x | 0.4x | 0.3x | 0.6x |
| Capital allocation | ||||||||||
| Capex / revenue | 8.1% | 1.6% | 4.5% | 2.2% | 4.5% | 2.5% | 4.0% | 3.3% | 2.4% | 1.3% |
| Stock comp / revenue | 3.8% | 0.3% | 1.9% | 2.5% | 1.7% | 3.9% | 6.5% | 8.7% | 5.4% | 0.2% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 3.0 | 3.0 | 3.0 | 3.0 | 2.0 | 2.0 | 6.0 | 6.0 |
| Altman Z'' | β27.6 | β32.2 | β41.7 | β51.3 | β41.3 | β33.3 | β38.5 | β47.8 | β57.4 | β40.2 |
| Accruals ratio | β80.4% | β10.0% | β11.2% | β0.5% | 3.5% | β7.0% | β7.3% | β11.6% | β13.6% | β24.9% |
Source: SEC EDGAR XBRL filings (CIK 0001333822). 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.
