LUD revenueFY2025$33.54M
- FY YoY
- -25.3%
LUD revenue was $33.54M for fiscal 2025 (ended Dec 31, 2025), down 25.3% from fiscal 2024. It rose in 1 of the last 3 fiscal years.
Luda Technology Group Limited (LUD) financials
For fiscal 2025 (ended Dec 31, 2025), Luda Technology Group Limited reported $33.54M of revenue and $556.8K of net income.
- Revenue, FY2025
- $33.54M
- Revenue growth, YoY
- -25.3%
- Net income, FY2025
- $556.8K
- Net margin
- 1.7%
- Free cash flow, FY2025
- -$2.17M
- EPS, diluted, FY2025
- $0.03
- Cash
- $4.52M
- Total debt
- $1.77M
- P/E
- 155.66
- P/S
- 2.58
- Market cap
- $86.7M
FY2022FY2025
FY2022FY2025
FY2022FY2025
LUD revenue and earnings growth
LUD net incomeFY2025$556.8K
LUD net income was $556.8K for fiscal 2025 (ended Dec 31, 2025), compared with -$361.0K in fiscal 2024.
LUD EPSFY2025$0.03
LUD diluted EPS was $0.03 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.02 in fiscal 2024.
LUD free cash flowFY2025-$2.17M
LUD free cash flow was -$2.17M for fiscal 2025 (ended Dec 31, 2025), compared with $4.38M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $33.54M | $44.86M | $51.43M | $49.85M |
| Cost of revenue | $27.62M | $33.46M | $40.53M | $39.57M |
| Gross profit | $5.92M | $11.41M | $10.89M | $10.29M |
| Research and development | $1.45M | $1.38M | $1.36M | $1.55M |
| Selling, general and admin | $3.72M | $3.22M | $2.95M | $2.80M |
| Operating income | -$1.06M | $455.9K | $3.87M | $3.82M |
| Interest expense | $520.9K | $556.2K | $406.7K | $339.2K |
| Pre-tax income | $991.2K | -$96.8K | $3.48M | $3.57M |
| Income tax | $434.4K | $264.2K | $446.9K | $501.6K |
| Net income | $556.8K | -$361.0K | $3.03M | $3.07M |
| EPS, basic | $0.03 | -$0.02 | $0.15 | $0.15 |
| EPS, diluted | $0.03 | -$0.02 | $0.15 | $0.15 |
| Diluted shares | 22.2M | 20.0M | 20.0M | 20.0M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $4.52M | $8.13M | $8.08M | $4.28M |
| Receivables | $13.48M | $13.17M | $16.60M | - |
| Inventory | $4.70M | $4.87M | $5.58M | - |
| Current assets | $39.99M | $31.85M | $39.51M | - |
| Total assets | $49.13M | $39.31M | $46.70M | - |
| Current liabilities | $24.54M | $25.85M | $28.75M | - |
| Short-term debt | $10.89M | $11.68M | $11.15M | - |
| Total debt | $1.77M | $614.5K | - | - |
| Total liabilities | $26.92M | $26.64M | $29.95M | - |
| Shareholders' equity | $22.21M | $12.66M | $16.75M | $14.53M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | -$1.71M | $5.46M | $3.33M | -$1.00M |
| Capital expenditures | $458.2K | $1.08M | $1.76M | $460.4K |
| Free cash flow | -$2.17M | $4.38M | $1.57M | -$1.46M |
| Investing cash flow | -$11.03M | -$2.82M | -$1.76M | -$431.3K |
| Financing cash flow | $8.82M | -$2.59M | $2.71M | $524.1K |
| Dividends paid | - | $3.38M | $630.8K | - |
| Depreciation and amortization | - | $138.0K | $99.7K | $87.4K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | -25.3% | -12.8% | 3.2% | - |
| Net income growth, YoY | - | - | -1.1% | - |
| EPS growth, YoY | - | - | 0.0% | - |
| Gross margin | 17.7% | 25.4% | 21.2% | 20.6% |
| Operating margin | -3.2% | 1.0% | 7.5% | 7.7% |
| Net margin | 1.7% | -0.8% | 5.9% | 6.2% |
| Free cash flow margin | -6.5% | 9.8% | 3.1% | -2.9% |
| Return on equity | 2.5% | -2.9% | 18.1% | 21.1% |
| Return on assets | 1.1% | -0.9% | 6.5% | - |
| Current ratio | 1.63 | 1.23 | 1.37 | - |
| Debt to equity | 0.08 | 0.05 | - | - |
Source: XBRL data Luda Technology Group Limited files with the SEC, latest filing dated May 15, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
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.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
LUD peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| LUD | $33.54M | -25.3% | $556.8K | 1.7% | $86.7M |
| NUE | $36.10B | +17.2% | $2.88B | 8.0% | $55.58B |
| MT | $61.35B | -1.7% | $3.15B | 5.1% | $46.41B |
| STLD | $22.22B | +26.0% | $1.95B | 8.8% | $31.70B |
| TS | $11.98B | -4.3% | $1.93B | 16.1% | $31.16B |
| ATI | $5.01B | +9.4% | $555.60M | 11.1% | $23.88B |
| PKX | ₩68.99T | -6.1% | ₩690.69B | 1.0% | $15.83B |
| CRS | $3.19B | +10.2% | $569.80M | 17.9% | $13.79B |
| TX | $15.61B | -11.6% | $425.23M | 2.7% | $9.65B |
LUD FAQ
9 questionsWhat is LUD revenue?
Luda Technology Group Limited (LUD) reported $33.54M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 25.3% from the year before.Is LUD profitable?
Yes. Luda Technology Group Limited earned $556.8K in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 1.7%.How much cash and debt does LUD have?
Luda Technology Group Limited reported $4.52M in cash and cash equivalents and $1.77M of debt on its most recent balance sheet in SEC filings.How fast is LUD revenue growing?
Luda Technology Group Limited's revenue changed -25.3% in fiscal 2025, to $33.54M.What is LUD gross margin?
Luda Technology Group Limited's gross profit was $5.92M on $33.54M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 17.7%.What is LUD free cash flow?
Luda Technology Group Limited generated -$2.17M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$1.71M less capital expenditures.What is LUD earnings per share?
Diluted earnings per share were $0.03 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did LUD last report financial results?
The latest statements here come from Luda Technology Group Limited's 20-F filed on May 15, 2026, covering the period ended Dec 31, 2025.Where does this LUD financial data come from?
Quantisnow builds these statements from the structured XBRL data Luda Technology Group Limited files with the SEC. It is provided for information only and is not investment advice.