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 35.5% per year over the past 5 years.
Operating margin has expanded, at -4.1% in the latest year.
Financial health
Total debt ($201M) exceeds cash ($77M); net debt is $124M.
Total debt is 30× EBITDA.
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.9 years of cash runway.
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
$660M
-$88M
26.2%
-4.1%
-$26M
$201M
$77M
2024
$564M
-$17M
21.5%
0.6%
$16M
$143M
$59M
2023
$528M
-$35M
20.9%
-2.9%
-$16M
$133M
$35M
2022
$223M
-$44M
24.4%
-18.1%
-$42M
$142M
$44M
2021
$131M
-$38M
26.4%
-41.2%
-$63M
$0
$199M
2020
$144M
-$78M
29.1%
-30.7%
-$52M
—
$218M
2019
$161M
-$311M
22.7%
-84.0%
-$14M
$0
$46M
2018
$460M
$62M
47.0%
11.7%
$123M
$50M
$90M
2017
—
$73M
—
—
—
$33M
$258M
2016
—
$82M
—
—
—
$52M
$224M
2015
—
$95M
—
—
—
$60M
$118M
2014
—
$70M
—
—
—
$77M
$59M
2013
—
$13M
—
—
—
$106M
$54M
2012
—
$45M
—
—
—
$124M
$39M
2011
—
$3M
—
—
—
$126M
$95M
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
Mar '26
$183M
$552000
32.3%
2.2%
$34M
$202M
$91M
Dec '25
$179M
$4M
31.4%
1.2%
-$15M
$217M
$69M
Sep '25
$171M
-$4M
30.9%
0.2%
$5M
$208M
$72M
Jun '25
$232M
-$29M
21.0%
-12.3%
-$11M
$201M
$77M
Mar '25
$161M
-$22M
27.4%
0.2%
$8M
$195M
$71M
Dec '24
$176M
-$32M
25.7%
0.3%
-$15M
$149M
$61M
Sep '24
$154M
-$5M
22.6%
-0.0%
-$8M
$149M
$50M
Jun '24
$146M
$8M
22.6%
0.2%
$937000
$143M
$59M
Mar '24
$138M
-$4M
22.0%
0.6%
$16M
$136M
$55M
Dec '23
$144M
-$3M
20.6%
1.6%
-$2M
$143M
$44M
Sep '23
$136M
-$6M
21.0%
0.2%
$565000
$134M
—
Jun '23
$133M
-$12M
22.7%
-5.0%
$7M
$133M
$35M
Mar '23
$134M
-$6M
21.4%
-1.4%
-$10M
$151M
$49M
Dec '22
$136M
-$7M
20.0%
-1.6%
-$572000
$143M
$42M
Sep '22
$125M
-$11M
19.4%
-3.7%
-$12M
$128M
—
Jun '22
$122M
—
17.5%
-8.3%
-$10M
$142M
$44M
Mar '22
$35M
—
34.6%
-26.8%
-$10M
—
$184M
Dec '21
$31M
-$12406
33.9%
-30.3%
-$14M
—
$184M
Sep '21
$35M
—
29.8%
-32.5%
-$9M
—
—
Jun '21
$35M
$2M
35.2%
-39.4%
-$9M
$0
$199M
Valuation over time
How the market has priced LSAK 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 1.8× (Mar '23) to 0.6× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is LSAK growing its revenue and profit?
Over the past 5 years, LESAKA TECHNOLOGIES INC's revenue has grown 35.5% per year. These are computed facts, not advice.
How much debt does LSAK have?
As of FY2025, LESAKA TECHNOLOGIES INC reported $201M of total debt against $77M of cash.
What is LSAK's profit margin?
In FY2025, gross margin was 26.2%, operating margin -4.1%, and net margin -13.3%.
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.