Lite Strategy FY26 other expense turns to $4.57 million; R&D expense drops 97% to $122,000
LITS•Lite Strategy posted a net loss of $71.2 million for the fiscal year ended June 30, 2026. R&D expense fell 97% to $122,000, while other expense was $4.57 million, compared with $1.51 million of income a year earlier.
1. Fiscal-year results
Lite Strategy reported a net loss of $71.2 million for the fiscal year ended June 30, 2026. R&D expense fell 97% to $122,000, and general and administrative costs declined 11% to $12.05 million.
2. Assets and repurchases
Other expense, net, was $4.57 million, compared with $1.51 million of income a year earlier; the change in fair value of digital assets was $54.41 million. At June 30, 2026, the company had $5.7 million in cash and cash equivalents and $27.3 million in unrestricted digital assets. It repurchased 4,378,525 shares at a weighted-average price of $1.12, funded by covered call option proceeds and digital asset sales.
