LEDS SemiLEDs Corp

Overview and Growth

SemiLEDs Corp generated $43.01M of revenue in fiscal 2025, with net loss of $1.13M and an operating cash inflow of $2.21M. At $43.01M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $5.18M in fiscal 2024, revenue recorded a 729.8% year-over-year increase. The company reported diluted EPS of -$0.15, adding a shareholder-level measure to the absolute income figures considered below. Total assets stood at $15.59M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 2.76x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $2.43M as gross profit before recognizing operating expenses and other items. Gross profit represented 5.7% of revenue, showing how much of the top line remained after direct costs. The reported operating result was an operating loss of $1.59M, reflecting costs that exceeded gross profit. The operating loss equaled 3.7% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $1.13M after operating, financing, tax, and other recognized items. The net loss equaled 2.6% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $1.13M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 2.6%. The net loss equaled 40.6% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 7.2%.

Liquidity and Capital Structure

At period end, the $15.59M asset base was financed through $12.81M of liabilities and $2.78M of equity. Current assets were $11.30M against $11.38M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 0.99x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Reported cash and equivalents were $2.59M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 22.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $1.71M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.61x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 11.0%, showing how much of the asset base was matched by borrowing. Liabilities represented 82.2% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 16.6%, comparing reported cash and equivalents with the full positive asset balance. Compared with $11.14M in fiscal 2024, the current asset base moved 40.0% and finished higher. Reported equity changed 23.6% from $2.25M in fiscal 2024, placing the current capital base higher year over year. Cash and equivalents were 55.2% higher than fiscal 2024 cash of $1.67M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $2.21M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital spending was $569.00K, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 25.7%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $1.64M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 3.8% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 10.5%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Aug 31, 2025. Analysis generated Sep 24, 2026.