Saturday 17 October 2026
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LENSAR, Inc.
LNSR Healthcare Medical Devices
LENSAR, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.4 million, up 9.24% from fiscal 2024. In the quarter to June 2026, revenue grew 18.4%, EPS grew 291.7% and free cash flow grew 96.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
5.80
0.23
−3.81%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | 3.16 | 5.82 | 2.15 | 1.80 | 2.67 | 7.25 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | 12.71 | 9.83 | 8.80 | 4.49 | 9.23 | 17.31 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 75 | 100 | 110 | 110 | 130 | 140 | 150 | ||||
| Revenue/emp, $m | — | — | 0.00 | 0.41 | 0.26 | 0.31 | 0.32 | 0.32 | 0.38 | 0.39 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 24 | 31 | 26 | 34 | 35 | 42 | 53 | 58 | ||||
| Gross margin, % | — | — | 44.07 | 43.33 | 53.35 | 51.75 | 56.44 | 50.06 | 48.33 | 46.41 | |||||
| EBT | — | — | (13) | (15) | (20) | (20) | (20) | (14) | (31) | (34) | |||||
| EBT margin, % | — | — | (51.55) | (48.01) | (74.95) | (56.88) | (56.32) | (34.11) | (58.71) | (58.66) | |||||
| Net income | — | 0 | (13) | (15) | (20) | (20) | (20) | (14) | (31) | (34) | |||||
| Depreciation | — | — | 5 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | 22.79 | 28.53 | 5.71 | 3.68 | 3.48 | 3.84 | 4.64 | 4.89 | ||||
| Earnings | — | — | (11.77) | (13.70) | (4.28) | (2.09) | (1.96) | (1.31) | (2.73) | (2.87) | |||||
| Cash flow | — | — | (1.76) | (11.77) | (2.98) | (0.96) | (1.46) | (0.88) | (0.20) | (1.24) | |||||
| Capex | — | — | (3.04) | (1.95) | (0.07) | (0.04) | (0.01) | (0.02) | (0.01) | (0.01) | |||||
| Free cash flow | — | — | (4.80) | (13.72) | (3.05) | (0.99) | (1.47) | (0.90) | (0.21) | (1.25) | |||||
| Book value | — | — | (19.13) | (28.55) | 14.54 | 5.85 | 4.13 | 3.05 | 0.42 | (2.18) | |||||
| Shares, m | — | — | 1 | 1 | 5 | 9 | 10 | 11 | 12 | 12 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | 2.53 | 2.53 | 1.27 | 1.63 | 0.78 | 1.05 | 1.92 | 2.38 | |||||
| P/B | — | — | 0.97 | 0.97 | 0.50 | 1.02 | 0.66 | 1.33 | 21.18 | 0.00 | |||||
| EV/Sales | — | — | 1.16 | 1.16 | (0.03) | 0.89 | 0.55 | 0.63 | 1.62 | 2.18 | |||||
| EV/FCF | — | — | (1.63) | (1.63) | 0.06 | (3.31) | (1.29) | (2.69) | (35.72) | (8.54) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | (2) | (13) | (14) | (9) | (15) | (10) | (2) | (15) | ||||
| Capex | — | — | (3) | (2) | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Free cash flow | — | — | (5) | (15) | (14) | (9) | (15) | (10) | (2) | (15) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | 4 | 9 | 50 | 36 | 22 | 35 | 27 | 6 | ||||
| Total debt | — | — | 6 | 20 | 3 | 3 | 2 | — | — | — | |||||
| Net debt | — | — | 3 | 16 | (41) | (32) | (15) | (24) | (22) | (18) | |||||
| Shareholders’ equity | — | — | (20) | (31) | 67 | 55 | 42 | 33 | 5 | (26) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | (97.24) | (46.22) | (34.80) | (26.93) | (32.56) | (22.93) | (46.22) | (49.78) | ||||
| ROIC | — | — | 0.00 | 0.00 | (43.45) | (52.85) | (46.18) | (81.61) | 0.00 | 0.00 | |||||
| ROE | — | — | 55.06 | 57.46 | (107.89) | (32.11) | (41.12) | (38.14) | (164.03) | 324.05 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
LENSAR, Inc. vs peers in Medical Devices (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LUCD Lucid Diagnostics Inc. | $105.7M | — (loss-making) | — (loss-making) | +26.74% (above 0%: growing) | n/m | −7.04% (below 0%: shrinking) | 1.97% | (868.45%) | Compare |
| ZOMDF Zomedica Corp. | $95.4M | — (loss-making) | — (loss-making) | +36.59% (above 0%: growing) | n/m | +40.48% (above 0%: growing) | 63.51% | (42.92%) | Compare |
| HYPR Hyperfine, Inc. | $82.7M | — (loss-making) | — (loss-making) | +44.81% (above 0%: growing) | n/m | +13.43% (above 0%: growing) | 50.72% | (216.93%) | Compare |
| SERA Sera Prognostics, Inc. | $80.1M | — (loss-making) | — (loss-making) | +76.47% (above 0%: growing) | n/m | −10.58% (below 0%: shrinking) | (66.67%) | (33,346.67%) | Compare |
| LUNG Pulmonx Corporation | $79.5M | — (loss-making) | — (loss-making) | −4.62% (below 0%: shrinking) | n/m | −31.79% (below 0%: shrinking) | 77.97% | (39.80%) | Compare |
| OM Outset Medical, Inc. | $76.6M | — (loss-making) | — (loss-making) | +0.69% (above 0%: growing) | n/m | −90.54% (below 0%: shrinking) | 41.99% | (49.55%) | Compare |
| ECOR electroCore, Inc. | $75.3M | — (loss-making) | — (loss-making) | +28.03% (above 0%: growing) | n/m | −443.52% (below 0%: shrinking) | 86.53% | (29.33%) | Compare |
| LNSR LENSAR, Inc. | $74.1M | 2.0× | 7.1× | +18.37% (above 0%: growing) | n/m | +96.81% (above 0%: growing) | 59.27% | 12.94% | |
| MYO Myomo, Inc. | $51.5M | — (loss-making) | — (loss-making) | +21.26% (above 0%: growing) | n/m | +80.02% (above 0%: growing) | 72.13% | (19.26%) | Compare |
| Median of peers | $79.8M | — | — | +27.39% | — | −8.81% | 57.12% | (46.24%) |
LENSAR, Inc. (LNSR) key facts
- Strength: LENSAR, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.4 million, up 9.24% from fiscal 2024.
- LENSAR, Inc. (LNSR) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, LNSR traded at $5.80, a market capitalization of $74.1 million.
- Return on equity was 324.1% and debt-to-equity 0.00.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −2.84 (distress zone) for fiscal 2025.