15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 47.9% per year over the past 5 years.
Operating margin has expanded, at -3.7% in the latest year.
Financial health
The company holds more cash ($3M) than total debt ($2M).
Total debt has grown slower than revenue (-25.9% vs 47.9% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$43M
-$1M
5.6%
-3.7%
$2M
$2M
$3M
2024
$5M
-$2M
21.2%
-56.0%
-$484000
$4M
$2M
2023
$6M
-$3M
16.8%
-56.9%
-$1M
$6M
$3M
2022
$7M
-$3M
19.9%
-45.4%
-$2M
$7M
$4M
2021
$5M
-$3M
21.1%
-82.4%
-$2M
$8M
$5M
2020
$6M
-$544000
26.4%
-34.6%
-$1M
$8M
$3M
2019
$6M
-$4M
7.7%
-62.7%
-$4M
$6M
$1M
2018
$7M
-$3M
-5.8%
-49.4%
-$2M
$2M
$3M
2017
—
-$4M
—
—
-$2M
$3M
$4M
2016
—
-$21M
—
—
-$4M
$3M
$6M
2015
—
-$13M
—
—
—
$4M
$5M
2014
—
-$24M
—
—
—
$6M
$13M
2013
—
-$44M
—
—
—
$8M
$36M
2012
—
-$49M
—
—
—
$6M
$47M
2011
—
-$16M
—
—
—
$7M
$84M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Feb '26
$1M
-$603000
0.6%
-79.4%
$1M
$1M
$4M
Nov '25
$3M
-$742000
0.7%
-39.4%
$331000
$2M
$3M
Aug '25
$13M
-$1M
1.7%
-7.5%
$251000
$2M
$3M
May '25
$18M
$223000
5.3%
-0.4%
$383000
$2M
$2M
Feb '25
$11M
$388000
9.2%
1.0%
$1M
$2M
$2M
Nov '24
$1M
-$547000
20.6%
-52.1%
-$276000
$4M
$1M
Aug '24
$1M
-$562000
11.6%
-58.6%
$162000
$4M
$2M
May '24
$1M
-$316000
41.0%
-35.8%
$98000
$4M
$2M
Feb '24
$886000
-$557000
12.6%
-93.9%
-$619000
$4M
$2M
Nov '23
$2M
-$596000
14.8%
-49.6%
-$129000
$6M
$2M
Aug '23
$1M
-$880000
2.3%
-73.2%
$2M
$6M
$3M
May '23
$2M
-$756000
14.4%
-58.4%
-$689000
$7M
$2M
Feb '23
$1M
-$545000
22.7%
-60.9%
-$501000
$7M
$4M
Nov '22
$2M
-$509000
27.3%
-38.6%
$333000
$7M
$5M
Aug '22
$2M
-$1M
20.8%
-65.7%
$152000
$7M
$4M
May '22
$2M
-$911000
18.8%
-43.4%
-$852000
$7M
$3M
Feb '22
$2M
-$152000
24.0%
-17.4%
-$442000
$7M
$4M
Nov '21
$1M
-$525000
13.9%
-66.8%
-$638000
$8M
$4M
Aug '21
$1M
-$2M
8.5%
-133.4%
$3M
$8M
$5M
May '21
$1M
-$57000
46.1%
-41.1%
-$215000
$8M
$2M
Valuation over time
How the market has priced LEDS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 2.4× (Mar '23) to 0.3× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is LEDS growing its revenue and profit?
Over the past 5 years, SemiLEDs Corp's revenue has grown 47.9% per year. These are computed facts, not advice.
How much debt does LEDS have?
As of FY2025, SemiLEDs Corp reported $2M of total debt against $3M of cash.
What is LEDS's profit margin?
In FY2025, gross margin was 5.6%, operating margin -3.7%, and net margin -2.6%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.