Lite Strategy, Inc.
For the period ended Jun 30, 2025. Filed Sep 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Sep 26, 2025
LITS$0.96+0.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| For the Fiscal Year Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(15,945) | $17,778 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Share-based compensation | (144) | 2,278 |
| Impairment of long-lived assets | — | 10,899 |
| Noncash lease expense | 214 | 2,433 |
| Depreciation expense | 368 | 383 |
| Loss on disposal of property and equipment | 14 | 32 |
| Gain on disposition of a non-financial asset | (500) | — |
| Changes in operating assets and liabilities: | ||
| Unbilled receivables | — | 85 |
| Prepaid expenses and other current assets | 2,150 | 4,534 |
| Accounts payable | (2,992) | (3,147) |
| Accrued liabilities | (4,009) | (7,274) |
| Deferred revenue | — | (64,862) |
| Operating lease liability | — | (13,612) |
| Net cash used in operating activities | (20,844) | (50,473) |
| Cash flows from investing activities: | ||
| Purchases of short-term investments | — | (58,232) |
| Proceeds from maturity of short-term investments | 34,640 | 107,379 |
| Proceeds from sale of property and equipment | 10 | — |
| Proceeds from the disposition of a non-financial asset | 500 | — |
| Purchases of property and equipment | — | (7) |
| Net cash provided by investing activities | 35,150 | 49,140 |
| Cash flows from financing activities: | ||
| Payment of cash dividend | — | (11,660) |
| Payment of financing costs | — | (208) |
| Net cash used in financing activities | — | (11,868) |
| Net increase (decrease) in cash and cash equivalents | 14,306 | (13,201) |
| Cash and cash equivalents at beginning of the year | 3,705 | 16,906 |
| Cash and cash equivalents at end of the year | $18,011 | $3,705 |
| Supplemental cash flow information: | ||
| Re-measurement of right-of-use asset and related lease liability upon lease modification | $— | $(22) |
| Re-measurement of right-of-use asset for direct costs associated with lease modification | $— | $181 |
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