LENSAR, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
LNSR$4.62-15.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Statements of Cash Flows (Unaudited)
CONDENSED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net loss | $(32,822) | $(12,702) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 2,637 | 2,087 |
| Amortization of intangible assets | 691 | 738 |
| Impairment of intangible assets | — | 3,729 |
| Non-cash operating lease cost | 356 | 404 |
| Provision for expected credit losses | (59) | (5) |
| Write-down of inventory | — | 134 |
| Loss on disposal of property and equipment | 58 | — |
| Stock-based compensation expense | 2,270 | 2,003 |
| Change in fair value of warrant liabilities | 13,648 | 3,838 |
| Amortization on investments, net | (163) | (185) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 272 | (374) |
| Notes receivable | 432 | 305 |
| Prepaid and other current assets | 839 | 660 |
| Inventories | (13,966) | (6,113) |
| Accounts payable | 8,799 | (139) |
| Accrued liabilities | 1,087 | 212 |
| Deferred revenue | 878 | (61) |
| Operating lease liabilities | (366) | (416) |
| Other | (40) | (47) |
| Net cash used in operating activities | (15,449) | (5,932) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (83) | (153) |
| Purchase of investments | (11,878) | (10,245) |
| Investment maturities | 9,000 | 6,245 |
| Net cash used in investing activities | (2,961) | (4,153) |
| Cash flows from financing activities | ||
| Proceeds from acquisition-related deposit | 10,000 | — |
| Proceeds from issuance of common stock through option exercises | 34 | 21 |
| Proceeds from issuance of common stock under employee stock purchase plan | 175 | 170 |
| Net settlement of stock-based compensation awards | (425) | (187) |
| Payment of accrued offering costs allocable to preferred stock | — | (98) |
| Net cash provided by (used in) financing activities | 9,784 | (94) |
| Net decrease in cash and cash equivalents | (8,626) | (10,179) |
| Cash and cash equivalents at beginning of the period | 16,263 | 20,621 |
| Cash and cash equivalents at end of the period | $7,637 | $10,442 |
CONDENSED STATEMENTS OF CASH FLOWS, continued
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental cash flow information | ||
| Cash paid for taxes | $42 | $22 |
| Supplemental schedule of non-cash investing and financing activities | ||
| Transfer from Inventories to Equipment under lease, net | $4,799 | $6,775 |
CONDENSED STATEMENTS OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)
| Accumulated | ||||||||
|---|---|---|---|---|---|---|---|---|
| Series A · Other · Total | ||||||||
| Redeemable Convertible · Additional · Comprehensive · Stockholders’ | ||||||||
| Preferred Stock · Common Stock · Paid-in · Accumulated · Income · Equity | ||||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | (Loss) | (Deficit) | |
| Balance as of December 31, 2024 | 20 | $13,784 | 11,654 | $116 | $148,035 | $(143,295) | $6 | $4,862 |
| Exercise of stock options under the Incentive Plans | — | — | 5 | — | 21 | — | — | 21 |
| Issuance of common stock under the Incentive Plans, net of forfeitures | — | — | 131 | 2 | (332) | — | — | (330) |
| Stock-based compensation under the Incentive Plans | — | — | — | — | 654 | — | — | 654 |
| Net loss | — | — | — | — | — | (27,345) | — | (27,345) |
| Change in unrealized loss on investments | — | — | — | — | — | — | (3) | (3) |
| Balance as of March 31, 2025 | 20 | 13,784 | 11,790 | 118 | 148,378 | (170,640) | 3 | (22,141) |
| Exercise of stock options under the Incentive Plans | — | — | 2 | — | 13 | — | — | 13 |
| Issuance of common stock under the Incentive Plans, net of forfeitures | — | — | 113 | 1 | (96) | — | — | (95) |
| Issuance of common stock under the 2020 ESPP | — | — | 28 | — | 175 | — | — | 175 |
| Stock-based compensation under the Incentive Plans | — | — | — | — | 766 | — | — | 766 |
| Net loss | — | — | — | — | — | (1,764) | — | (1,764) |
| Change in unrealized loss on investments | — | — | — | — | — | — | (6) | (6) |
| Balance as of June 30, 2025 | 20 | 13,784 | 11,933 | 119 | 149,236 | (172,404) | (3) | (23,052) |
| Issuance of common stock under the Incentive Plans, net of forfeitures | — | — | 2 | — | — | — | — | — |
| Stock-based compensation under the Incentive Plans | — | — | — | — | 850 | — | — | 850 |
| Net loss | — | — | — | — | — | (3,713) | — | (3,713) |
| Change in unrealized loss on investments | — | — | — | — | — | — | 8 | 8 |
| Balance as of September 30, 2025 | 20 | $13,784 | 11,935 | $119 | $150,086 | $(176,117) | $5 | $(25,907) |
CONDENSED STATEMENTS OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT), continued
| Accumulated | ||||||||
|---|---|---|---|---|---|---|---|---|
| Series A · Other | ||||||||
| Redeemable Convertible · Additional · Comprehensive · Total | ||||||||
| Preferred Stock · Common Stock · Paid-in · Accumulated · Income · Stockholders’ | ||||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | (Loss) | Equity | |
| Balance as of December 31, 2023 | 20 | $13,747 | 11,327 | $113 | $145,203 | $(111,891) | $4 | $33,429 |
| Exercise of stock options under the Incentive Plans | — | — | 2 | — | 5 | — | — | 5 |
| Issuance of common stock under the Incentive Plans, net of forfeitures | — | — | 66 | 1 | (90) | — | — | (89) |
| Stock-based compensation under the Incentive Plans | — | — | — | — | 652 | — | — | 652 |
| Net loss | — | — | — | — | — | (2,157) | — | (2,157) |
| Change in unrealized loss on investments | — | — | — | — | — | — | (5) | (5) |
| Balance as of March 31, 2024 | 20 | 13,747 | 11,395 | 114 | 145,770 | (114,048) | (1) | 31,835 |
| Exercise of stock options under the Incentive Plans | — | — | 2 | — | 5 | — | — | 5 |
| Issuance of common stock under the Incentive Plans, net of forfeitures | — | — | 67 | 1 | (1) | — | — | — |
| Issuance of common stock under the 2020 ESPP | — | — | 80 | — | 170 | — | — | 170 |
| Stock-based compensation under the Incentive Plans | — | — | — | — | 683 | — | — | 683 |
| Series A Redeemable Convertible Preferred Stock offering costs accrual release | — | 37 | — | — | — | — | — | — |
| Net loss | — | — | — | — | — | (9,043) | — | (9,043) |
| Change in unrealized loss on investments | — | — | — | — | — | — | (5) | (5) |
| Balance as of June 30, 2024 | 20 | 13,784 | 11,544 | 115 | 146,627 | (123,091) | (6) | 23,645 |
| Exercise of stock options under the Incentive Plans | — | — | 5 | — | 11 | — | — | 11 |
| Issuance of common stock under the Incentive Plans, net of forfeitures | — | — | 63 | 1 | (106) | — | — | (105) |
| Stock-based compensation under the Incentive Plans | — | — | — | — | 668 | — | — | 668 |
| Net loss | — | — | — | — | — | (1,502) | — | (1,502) |
| Change in unrealized loss on investments | — | — | — | — | — | — | 21 | 21 |
| Balance as of September 30, 2024 | 20 | $13,784 | 11,612 | $116 | $147,200 | $(124,593) | $15 | $22,738 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.