LENSAR, Inc.

For the period ended Jun 30, 2026. Filed Aug 13, 2026.

About 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.

Jun 30, 2026 · Filed Aug 13, 2026

LNSR$4.62-15.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Statements of Cash Flows (Unaudited)

CONDENSED STATEMENTS OF CASH FLOWS

	Six Months Ended
	June 30,
	2026	2025
Cash flows from operating activities
Net income (loss)	$39,867	$(29,109)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	1,782	1,709
Amortization of intangible assets	457	462
Non-cash operating lease cost	371	276
Provision for expected credit losses	18	(64)
Write-down of inventory	36	—
Loss on disposal of property and equipment	—	58
Stock-based compensation expense	1,037	1,420
Change in fair value of warrant liabilities	(25,178)	17,382
Acquisition-related income	(10,000)	—
Amortization on investments, net	1	(98)
Changes in operating assets and liabilities:
Accounts receivable	190	1,193
Notes receivable	(58)	333
Prepaid and other current assets	(1,317)	625
Inventories	(4,006)	(10,763)
Accounts payable	(4,040)	5,319
Accrued liabilities	(3,043)	(1,081)
Deferred revenue	(185)	692
Operating lease liabilities	(353)	(283)
Other	23	(7)
Net cash used in operating activities	(4,398)	(11,936)
Cash flows from investing activities
Investment maturities	5,000	5,000
Purchase of investments	—	(11,878)
Purchase of property and equipment	(35)	(83)
Net cash provided by (used in) investing activities	4,965	(6,961)
Cash flows from financing activities
Proceeds from issuance of common stock through option exercises	55	34
Proceeds from issuance of common stock under employee stock purchase plan	259	175
Net settlement of stock-based compensation awards	(290)	(425)
Proceeds from acquisition-related deposit	—	10,000
Net cash provided by financing activities	24	9,784
Net increase (decrease) in cash and cash equivalents	591	(9,113)
Cash and cash equivalents at beginning of the period	12,974	16,263
Cash and cash equivalents at end of the period	$13,565	$7,150

CONDENSED STATEMENTS OF CASH FLOWS, continued

	Six Months EndedJune 30,
	2026	2025
Supplemental schedule of non-cash investing and financing activities
Transfer from Inventories to Equipment under lease, net	$617	$3,538

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 · (Deficit)
	Shares	Amount	Shares	Amount	Capital	Deficit	(Loss)	Equity
Balance as of December 31, 2025	20	$13,784	11,993	$120	$151,432	$(177,575)	$4	$(26,019)
Exercise of stock options under the Incentive Plans	—	—	6	—	15	—	—	15
Issuance of common stock under the Incentive Plans, net of forfeitures	—	—	102	1	(225)	—	—	(224)
Stock-based compensation under the Incentive Plans	—	—	—	—	690	—	—	690
Net income	—	—	—	—	—	36,332	—	36,332
Change in unrealized loss on investments	—	—	—	—	—	—	(4)	(4)
Balance as of March 31, 2026	20	$13,784	12,101	$121	$151,912	$(141,243)	$—	$10,790
Exercise of stock options under the Incentive Plans	—	—	15	—	40	—	—	40
Issuance of common stock under the Incentive Plans, net of forfeitures	—	—	114	1	(67)	—	—	(66)
Issuance of common stock under the 2020 ESPP	—	—	52	1	258	—	—	259
Stock-based compensation under the Incentive Plans	—	—	—	—	347	—	—	347
Net income	—	—	—	—	—	3,535	—	3,535
Balance at June 30, 2026	20	$13,784	12,282	$123	$152,490	$(137,708)	$—	$14,905

CONDENSED STATEMENTS OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT), continued

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 at 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 at June 30, 2025	20	$13,784	11,933	$119	$149,236	$(172,404)	$(3)	$(23,052)

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.