For the twelve months ended May 31, 2026, SemiLEDS Corporation reported $25.93M of revenue and -$1.02M of net income.
LEDS revenue was $9.07M in fiscal Q3 2026 (ended May 31, 2026), down 48.6% from a year earlier and up 752.8% from the prior quarter. For the full fiscal 2025 it was $43.01M, up 729.8% from fiscal 2024. Compound annual growth was +47.9% over 5 years and +11.8% over 10 years. It rose in 3 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
LEDS net income was $1.52M in fiscal Q3 2026 (ended May 31, 2026), up 583.0% from a year earlier. For the full fiscal 2025 it was -$1.13M, compared with -$2.04M in fiscal 2024.
LEDS diluted EPS was $0.18 in fiscal Q3 2026 (ended May 31, 2026), up 500.0% from a year earlier. For the full fiscal 2025 it was -$0.15, compared with -$0.32 in fiscal 2024.
LEDS free cash flow was $2.11M in fiscal Q3 2026 (ended May 31, 2026), up 450.9% from a year earlier and up 77.5% from the prior quarter. For the full fiscal 2025 it was $1.64M, compared with -$488.0K in fiscal 2024. Fiscal 2025 is the highest of the 15 fiscal years on file.
| Line item | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43.01M | $5.18M | $5.98M | $7.05M | $4.74M | $6.07M | $5.90M | $7.50M | $9.21M | $10.14M |
| Cost of revenue | $40.58M | $4.13M | $4.97M | $5.65M | $3.70M | $4.48M | $5.45M | $7.93M | $9.13M | $15.08M |
| Gross profit | $2.43M | $1.05M | $1.01M | $1.40M | $1.03M | $1.59M | $452.0K | -$435.0K | $82.0K | -$4.94M |
| Research and development | $1.15M | $1.16M | $1.35M | $1.48M | $1.62M | $1.54M | $1.61M | $957.0K | $851.0K | $2.03M |
| Selling, general and admin | $2.87M | $2.89M | $3.06M | $3.31M | $3.61M | $2.81M | $2.79M | $3.18M | $3.71M | $4.77M |
| Operating income | -$1.59M | -$2.95M | -$3.40M | -$3.20M | -$3.92M | -$2.09M | -$3.67M | -$3.67M | -$4.33M | -$20.61M |
| Pre-tax income | -$1.13M | -$2.03M | -$2.69M | -$2.73M | -$2.86M | -$547.0K | -$3.56M | -$2.98M | -$4.10M | -$21.30M |
| Net income | -$1.13M | -$2.04M | -$2.69M | -$2.74M | -$2.85M | -$544.0K | -$3.56M | -$2.98M | -$4.09M | -$21.27M |
| EPS, basic | -$0.15 | -$0.32 | -$0.55 | -$0.61 | -$0.68 | -$0.15 | -$1.00 | -$0.84 | -$1.16 | -$7.25 |
| EPS, diluted | -$0.15 | -$0.32 | -$0.55 | -$0.61 | -$0.68 | -$0.15 | -$1.00 | -$0.84 | -$1.16 | -$7.25 |
| Diluted shares | 7.7M | 6.3M | 4.9M | 4.5M | 4.2M | 3.9M | 3.6M | 3.5M | 3.5M | 2.9M |
| Line item | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.59M | $1.84M | $2.74M | $4.45M | $5.03M | $3.01M | $1.47M | $3.51M | $3.67M | $6.03M |
| Receivables | $3.59M | $416.0K | $793.0K | $880.0K | $865.0K | $1.33M | $703.0K | $282.0K | $1.11M | $900.0K |
| Inventory | $4.78M | $3.57M | $4.02M | $3.78M | $3.94M | $2.48M | $2.08M | $1.82M | $2.95M | $4.07M |
| Current assets | $11.30M | $5.88M | $7.59M | $9.14M | $10.05M | $7.50M | $4.63M | $5.86M | $8.04M | $11.64M |
| Total assets | $15.59M | $11.14M | $13.46M | $16.05M | $18.24M | $14.58M | $11.66M | $14.25M | $17.67M | $22.23M |
| Current liabilities | $11.38M | $7.02M | $9.70M | $9.26M | $9.51M | $9.00M | $3.92M | $7.23M | $7.46M | $4.90M |
| Short-term debt | $1.27M | $2.85M | $5.04M | $5.06M | $5.11M | $4.75M | $398.0K | $335.0K | $335.0K | $314.0K |
| Long-term debt | $434.0K | $870.0K | $1.33M | $1.87M | $2.57M | $2.91M | $5.95M | $2.01M | $2.39M | $2.60M |
| Total debt | $1.71M | $3.72M | $6.37M | $6.93M | $7.68M | $7.66M | $6.35M | $2.35M | $2.73M | $2.91M |
| Total liabilities | $12.81M | $8.89M | $12.26M | $12.56M | $13.61M | $12.01M | $9.87M | $9.25M | $9.85M | $10.59M |
| Shareholders' equity | $2.78M | $2.25M | $1.19M | $3.50M | $4.63M | $2.57M | $1.79M | $5.00M | $7.82M | $11.64M |
| Line item | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.21M | -$365.0K | -$984.0K | -$1.51M | -$1.74M | -$1.00M | -$3.55M | -$1.18M | -$2.11M | -$3.44M |
| Capital expenditures | $569.0K | $123.0K | $200.0K | $280.0K | $118.0K | $271.0K | $127.0K | $341.0K | $150.0K | $821.0K |
| Free cash flow | $1.64M | -$488.0K | -$1.18M | -$1.79M | -$1.85M | -$1.27M | -$3.67M | -$1.52M | -$2.26M | -$4.26M |
| Investing cash flow | -$595.0K | -$101.0K | -$321.0K | -$113.0K | $159.0K | $518.0K | -$2.63M | $1.21M | $31.0K | -$535.0K |
| Financing cash flow | -$622.0K | -$449.0K | -$456.0K | $490.0K | $3.99M | $2.42M | $4.05M | -$331.0K | -$369.0K | $5.32M |
| Stock-based compensation | $92.0K | $282.0K | $518.0K | $459.0K | $186.0K | $101.0K | $149.0K | $141.0K | $25.0K | $382.0K |
| Depreciation and amortization | $717.0K | $612.0K | $1.00M | $938.0K | $897.0K | $843.0K | $1.09M | $998.0K | $1.10M | $5.53M |
| Line item | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 729.8% | -13.3% | -15.2% | 48.9% | -22.0% | 2.8% | -21.3% | -18.7% | -9.1% | -28.2% |
| Gross margin | 5.7% | 20.3% | 16.8% | 19.8% | 21.8% | 26.2% | 7.7% | -5.8% | 0.9% | -48.7% |
| Operating margin | -3.7% | -56.9% | -56.9% | -45.4% | -82.7% | -34.4% | -62.1% | -49.0% | -47.0% | -203.2% |
| Net margin | -2.6% | -39.3% | -45.0% | -38.9% | -60.2% | -9.0% | -60.4% | -39.8% | -44.4% | -209.8% |
| Free cash flow margin | 3.8% | -9.4% | -19.8% | -25.4% | -39.2% | -21.0% | -62.2% | -20.3% | -24.5% | -42.0% |
| Return on equity | -40.6% | -90.5% | -225.3% | -78.4% | -61.6% | -21.2% | -199.4% | -59.6% | -52.3% | -182.7% |
| Return on assets | -7.2% | -18.3% | -20.0% | -17.1% | -15.6% | -3.7% | -30.6% | -20.9% | -23.2% | -95.7% |
| Current ratio | 0.99 | 0.84 | 0.78 | 0.99 | 1.06 | 0.83 | 1.18 | 0.81 | 1.08 | 2.37 |
| Debt to equity | 0.61 | 1.66 | 5.33 | 1.98 | 1.66 | 2.98 | 3.55 | 0.47 | 0.35 | 0.25 |
| Line item | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.07M | $1.06M | $2.57M | $13.22M | $17.65M | $10.87M | $1.26M | $1.32M | $1.32M | $886.0K | $1.65M | $1.45M |
| Cost of revenue | $6.61M | $1.06M | $2.55M | $13.00M | $16.71M | $9.87M | $1.00M | $1.17M | $780.0K | $774.0K | $1.41M | $1.41M |
| Gross profit | $2.46M | $6.0K | $18.0K | $229.0K | $939.0K | $1.00M | $260.0K | $153.0K | $543.0K | $112.0K | $245.0K | $41.0K |
| Research and development | $363.0K | $276.0K | $356.0K | $362.0K | $292.0K | $279.0K | $221.0K | $217.0K | $320.0K | $251.0K | $372.0K | $321.0K |
| Selling, general and admin | $681.0K | $575.0K | $703.0K | $853.0K | $709.0K | $614.0K | $696.0K | $760.0K | $696.0K | $693.0K | $742.0K | $787.0K |
| Operating income | $1.42M | -$845.0K | -$1.01M | -$986.0K | -$62.0K | $110.0K | -$657.0K | -$825.0K | -$473.0K | -$832.0K | -$819.0K | -$1.07M |
| Pre-tax income | $1.52M | -$603.0K | -$742.0K | -$1.19M | $223.0K | $388.0K | -$547.0K | -$562.0K | -$316.0K | -$557.0K | -$596.0K | -$880.0K |
| Net income | $1.52M | -$603.0K | -$742.0K | -$1.19M | $223.0K | $388.0K | -$547.0K | -$560.0K | -$319.0K | -$557.0K | -$596.0K | -$881.0K |
| EPS, basic | $0.18 | -$0.07 | -$0.09 | -$0.15 | $0.03 | $0.05 | -$0.08 | - | -$0.04 | -$0.11 | -$0.12 | -$0.18 |
| EPS, diluted | $0.18 | -$0.07 | -$0.09 | -$0.15 | $0.03 | $0.05 | -$0.08 | - | -$0.04 | -$0.11 | -$0.12 | -$0.18 |
| Diluted shares | 8.3M | 8.3M | 8.2M | - | 7.2M | 7.2M | 7.2M | - | 7.2M | 4.9M | 4.9M | - |
| Line item | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.98M | $3.98M | $2.89M | $2.59M | $2.40M | $2.40M | $1.20M | $1.84M | $1.70M | $1.60M | $2.30M | $2.74M |
| Receivables | $2.19M | $1.65M | $1.87M | $3.59M | $164.0K | $280.0K | $261.0K | $416.0K | $668.0K | $748.0K | $897.0K | $793.0K |
| Inventory | $4.74M | $4.88M | $3.92M | $4.78M | $11.93M | $13.53M | $3.72M | $3.57M | $3.67M | $3.75M | $3.90M | $4.02M |
| Current assets | $13.87M | $12.45M | $10.25M | $11.30M | $17.72M | $18.24M | $5.49M | $5.88M | $6.38M | $6.44M | $7.34M | $7.59M |
| Total assets | $17.54M | $16.26M | $14.23M | $15.59M | $23.18M | $23.19M | $10.40M | $11.14M | $11.51M | $12.02M | $13.16M | $13.46M |
| Current liabilities | $13.49M | $13.64M | $10.92M | $11.38M | $17.57M | $17.97M | $7.11M | $7.02M | $6.78M | $6.64M | $9.90M | $9.70M |
| Short-term debt | $1.26M | $1.26M | $1.26M | $1.27M | $1.28M | $1.24M | $2.85M | $2.85M | $2.85M | $2.86M | $5.05M | $5.04M |
| Long-term debt | $77.0K | $193.0K | $308.0K | $434.0K | $566.0K | $626.0K | $744.0K | $870.0K | $969.0K | $1.11M | $1.24M | $1.33M |
| Total debt | $1.34M | $1.46M | $1.57M | $1.71M | $1.85M | $1.87M | $3.59M | $3.72M | $3.82M | $3.97M | $6.29M | $6.37M |
| Total liabilities | $14.46M | $14.76M | $12.16M | $12.81M | $19.19M | $19.59M | $8.82M | $8.89M | $8.75M | $8.93M | $12.41M | $12.26M |
| Shareholders' equity | $3.08M | $1.50M | $2.07M | $2.78M | $3.99M | $3.60M | $1.58M | $2.25M | $2.77M | $3.09M | $750.0K | $1.19M |
| Line item | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.20M | $1.20M | $361.0K | $272.0K | $693.0K | $1.41M | -$158.0K | $205.0K | $109.0K | -$600.0K | -$79.0K | -$339.0K |
| Capital expenditures | $87.0K | $14.0K | $30.0K | $21.0K | $310.0K | $120.0K | $118.0K | $43.0K | $11.0K | $19.0K | $50.0K | -$12.0K |
| Free cash flow | $2.11M | $1.19M | $331.0K | $251.0K | $383.0K | $1.28M | -$276.0K | $162.0K | $98.0K | -$619.0K | -$129.0K | -$351.0K |
| Investing cash flow | -$87.0K | -$15.0K | -$1.0K | -$24.0K | -$313.0K | -$136.0K | -$122.0K | -$55.0K | -$11.0K | -$23.0K | -$12.0K | -$93.0K |
| Financing cash flow | -$115.0K | -$114.0K | -$116.0K | -$120.0K | -$151.0K | -$107.0K | -$244.0K | -$113.0K | -$105.0K | -$117.0K | -$114.0K | -$102.0K |
| Stock-based compensation | $43.0K | $42.0K | $39.0K | $10.0K | $22.0K | $35.0K | $25.0K | $31.0K | $31.0K | $107.0K | $113.0K | $137.0K |
| Depreciation and amortization | $172.0K | $174.0K | $181.0K | $205.0K | $200.0K | $156.0K | $156.0K | $157.0K | $144.0K | $157.0K | $154.0K | $118.0K |
| Line item | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -48.6% | -90.2% | 103.7% | 898.9% | 1234.2% | 1127.1% | -23.6% | -8.9% | -21.2% | -23.1% | -2.7% | -10.6% |
| Net income growth, YoY | 583.0% | - | - | - | - | - | - | - | - | - | - | - |
| EPS growth, YoY | 500.0% | - | - | - | - | - | - | - | - | - | - | - |
| Gross margin | 27.1% | 0.6% | 0.7% | 1.7% | 5.3% | 9.2% | 20.6% | 11.6% | 41.0% | 12.6% | 14.8% | 2.8% |
| Operating margin | 15.6% | -79.4% | -39.4% | -7.5% | -0.4% | 1.0% | -52.1% | -62.3% | -35.8% | -93.9% | -49.6% | -73.4% |
| Net margin | 16.8% | -56.7% | -28.9% | -9.0% | 1.3% | 3.6% | -43.4% | -42.3% | -24.1% | -62.9% | -36.1% | -60.6% |
| Free cash flow margin | 23.3% | 111.7% | 12.9% | 1.9% | 2.2% | 11.8% | -21.9% | 12.2% | 7.4% | -69.9% | -7.8% | -24.2% |
| Current ratio | 1.03 | 0.91 | 0.94 | 0.99 | 1.01 | 1.02 | 0.77 | 0.84 | 0.94 | 0.97 | 0.74 | 0.78 |
| Debt to equity | 0.43 | 0.97 | 0.76 | 0.61 | 0.46 | 0.52 | 2.27 | 1.66 | 1.38 | 1.28 | 8.39 | 5.33 |
Source: XBRL data SemiLEDS Corporation files with the SEC, latest filing dated Jul 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Jul 13, 2016.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
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