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LIDRAEye, Inc.
$1.44$67M
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  4. Financial Ratios

AEye, Inc. (LIDR) Financial Ratios

Latest Ratios: P/E Ratio -1.6x · EV/EBITDA N/A · ROE -70.4%. (2019–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

LIDR Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Market Cap$67M$70M$10M$13M$76M$751M——
Enterprise Value$24M$27M$4M$14M$84M$737M——
P/E Ratio →-1.60———————
P/S Ratio286.24298.9749.939.1220.74249.71——
P/B Ratio0.670.860.670.460.804.45——
P/FCF————————
P/OCF————————

P/E links to full P/E history page with 30-year chart

LIDR EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
EV / Revenue—113.9019.939.3523.12244.99——
EV / EBITDA————————
EV / EBIT————————
EV / FCF————————

LIDR Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Gross Margin-137.8%-137.8%-285.1%-946.4%-139.4%-21.0%48.8%82.7%
Operating Margin-13618.5%-13618.5%-17736.6%-5995.6%-2709.3%-2102.9%-1677.1%-0.0%
Net Profit Margin-14574.2%-14574.2%-17554.5%-5951.2%-2706.7%-2162.0%-1681.5%-0.0%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
ROE-70.4%-70.4%-160.6%-141.7%-75.1%-86.4%—-0.0%
ROA-57.5%-57.5%-87.1%-92.9%-61.8%-61.3%-113.1%-0.0%
ROIC-100.7%-100.7%-139.9%-99.7%-57.6%-60.9%-828.3%—
ROCE-64.7%-64.7%-119.2%-113.2%-69.7%-78.6%-9147.5%-0.0%

LIDR Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Debt / Equity0.000.000.280.600.30——0.66
Debt / EBITDA———————11.05
Net Debt / Equity—-0.53-0.400.010.09-0.08—-0.36
Net Debt / EBITDA———————-6.05
Debt / FCF————————
Interest Coverage-13.72-13.72—-2288.91-125.81-12.86-16.74—

Net cash position: cash ($43M) exceeds total debt ($235000)

LIDR Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Current Ratio10.4610.462.233.964.6813.070.521.55
Quick Ratio10.3410.342.213.914.4812.770.451.28
Cash Ratio10.0910.091.973.644.1712.090.410.67
Asset Turnover—0.000.010.030.030.020.060.07
Inventory Turnover0.550.554.4226.281.920.890.300.10
Days Sales Outstanding—120.623053.7132.6661.75512.4836.0635.60

LIDR Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Dividend Yield————————
Payout Ratio————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Earnings Yield————————
FCF Yield————————
Buyback Yield0.0%0.0%0.0%0.0%0.0%0.0%——
Total Shareholder Yield0.0%0.0%0.0%0.0%0.0%0.0%——
Shares Outstanding—$38M$8M$6M$5M$5M$912499$849999

Key Metrics

Growth RegimeMixed
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Commercialization and liquidity failure

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Distressed Valuation Amidst Revenue Scarcity

According to current market data, AEye trades at a price-to-sales ratio of 260.40, a figure that appears disconnected from the company's negligible revenue generation and suggests that investors are pricing the equity based on speculative future licensing potential rather than any tangible fundamental performance metrics.

The extreme P/S multiple reflects a market that has largely abandoned traditional valuation frameworks for the stock, likely due to the absence of meaningful commercial traction. This valuation level implies an expectation of explosive, non-linear growth that remains unsupported by the current project-based revenue pipeline.

Capital Erosion Reflects Value Destruction

Based on reported figures, AEye's return on invested capital has remained consistently negative, reaching -19.9% in 2026Q1, which indicates that the company is currently destroying shareholder capital rather than compounding it through its ongoing research and development initiatives.

The persistent negative ROIC trend highlights the fundamental challenge of a business model that requires heavy R&D investment without a corresponding scale in revenue. Investors should monitor whether the shift to an asset-light model can eventually stabilize these returns, though current data suggests a long path to profitability.

Working Capital Inefficiencies Hamper Operations

As reported in financial statements, the company's cash conversion cycle remains highly volatile and deeply negative, with a 2026Q1 figure of -1150 days, suggesting that the firm's working capital management is currently dominated by erratic project-based payment cycles rather than efficient operational throughput.

The extreme fluctuations in days sales outstanding and days payable outstanding indicate a lack of operational maturity and a reliance on irregular milestone payments. This inefficiency complicates cash flow forecasting and underscores the difficulty of managing liquidity in a pre-scale industrial technology environment.

Liquidity Buffers Mask Operational Fragility

While the company reported a current ratio of 12.89 in 2026Q1, this metric appears misleadingly high, as it is driven by cash reserves from external financing rather than an ability to generate liquidity through core business operations or efficient inventory turnover.

The high current ratio provides a temporary safety net, but the underlying burn rate suggests that this liquidity is rapidly depleting. Without a transition to self-sustaining revenue, the company remains structurally vulnerable to capital market conditions and potential future dilution events.

Misapplication of Revenue-Based Valuation Multiples

The most commonly misapplied metric for AEye is the price-to-sales ratio, which obscures the company's lack of repeatable commercial revenue and fails to account for the high probability that current project-based income will not translate into long-term, high-margin licensing royalties.

Analysts should instead focus on 'design win' conversion rates and cash burn duration, as these metrics provide a more accurate assessment of the company's survival probability. Relying on P/S multiples in a pre-revenue context risks ignoring the fundamental reality of the firm's current commercial stagnation.

Download Financial Ratios Data

Includes 30+ ratios · 7 years · Updated daily

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LIDR — Frequently Asked Questions

Quick answers to the most common questions about buying LIDR stock.

What is AEye, Inc.'s P/E ratio?

AEye, Inc.'s current P/E ratio is -1.6x. This places it at the 50th percentile of its historical range.

What is AEye, Inc.'s ROE?

AEye, Inc.'s return on equity (ROE) is -70.4%. The historical average is -89.0%.

Is LIDR stock overvalued?

Based on historical data, AEye, Inc. is trading at a P/E of -1.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are AEye, Inc.'s profit margins?

AEye, Inc. has -137.8% gross margin and -13618.5% operating margin.