LEDSNasdaqSemiconductors & Related DevicesFiscal year ends August 31
SemiLEDs Corp
Financials through Q3 FY2026, quarter ended May 31, 2026Last filing: 10-Q on Jul 14, 2026
$1.91−0.04 (-2.05%)
Close on Oct 19, 2026
- Market cap
- $15.78M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
5.6%−20.8 pts over 5 years
Operating margin
-3.7%+30.9 pts over 5 years
Net margin
-2.6%+6.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +729.8% | +82.7% | +47.9% | +11.8% | |
| Gross profit | +118.2% | +19.7% | +8.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -104.0% | -25.5% | -45.4% | |
| Return on assets | -70.0% | -4.1% | -8.5% | |
| Current ratio | 2.37 | 0.83 | 0.99 | |
| Debt to equity | 0.25 | 3.04 | 0.61 | |
| Net debt to EBITDA | 0.21× | -3.70× | 1.00× | |
| Inventory turnover | 3.0× | 2.0× | 9.7× | |
| Capex to revenue | 8.1% | 4.5% | 1.3% | |
| Diluted shares | 3M | 4M | 8M |
Where the cash went
Fiscal 2021 to 2025, five years combined
SemiLEDs generated $6.75M from operations and spent $1.29M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$6.75M
Used
$1.29M
Capital expenditure$1.29M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.6%
×Asset turnover3.22×
×Equity multiplier5.37×
=Return on equity, FY2025-45.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.6% | 3.22× | 5.37× | -45.4% |
| FY2024 | -39.3% | 0.42× | 7.34× | -121.5% |
| FY2023 | -45.0% | 0.41× | 6.41× | -116.9% |
| FY2022 | -38.9% | 0.41× | 4.27× | -68.3% |
| FY2021 | -60.2% | 0.29× | 4.62× | -80.2% |
| FY2020 | -9.0% | 0.46× | 6.16× | -25.5% |
| FY2019 | -60.4% | 0.46× | 3.84× | -105.7% |
| FY2018 | -39.8% | 0.47× | 2.49× | -46.5% |
| FY2017 | -44.4% | 0.46× | 2.05× | -42.1% |
| FY2016 | -209.8% | 0.33× | 1.49× | -104.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$1.13M
- Cash generatingOperating cash flow above zero$2.20M
- Return on assets improvedROA up on the prior year-15.1% → -10.1%
- Earnings backed by cashOperating cash flow above net income$2.20M vs -$1.13M
- Less leverageLong-term debt to assets fell7.8% → 2.8%
- Better liquidityCurrent ratio rose0.84 → 0.99
- No dilutionShare count did not rise6M → 8M
- Gross margin improvedGross margin up on the prior year21.22% → 5.58%
- More efficientAsset turnover rose0.39 → 3.86