Company research
Lite Strategy, Inc.
CIK 1262104Updated Sep 26, 2026
SecurityLITS · NASDAQ · equity
Historical securities (1)
MEIP · OTC · equity · closed Sep 10, 2025Name history
MEI Pharma, Inc. · through Sep 10, 2025MARSHALL EDWARDS INC · through Jun 6, 2012
LITS price & chart
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NASDAQ:LITS on TradingView ↗About the company
Lite Strategy, Inc. (Nasdaq: LITS) is the first U.S. publicly traded company to adopt Litecoin (LTC) as its primary treasury reserve asset. The company employs an active treasury management strategy to generate yield on its LTC holdings, compound LTC per share, and create lasting stockholder value. Lite Strategy offers investors regulated, transparent and actively managed exposure to Litecoin that no ETF or passive vehicle can replicate. Lite Strategy also retains a portfolio of pharmaceutical assets, providing strategic optionality independent of its digital asset treasury. For more information, visit www.litestrategy.com.
In the news
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Recent filings
SCHEDULE 13G/A filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Regulation FD Disclosure
Items 7.01
4 filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 18,285,000Source | 41,375,000Source | 120,809,000Source | 177,840,000Source |
| Property, Plant and Equipment, NetUSD | 0Source | 392,000Source | 1,309,000Source | 1,660,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 18,011,000Source | 3,705,000Source | 16,906,000Source | 15,740,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 0Source | 0Source | — | — |
| Assets, CurrentUSD | 18,285,000Source | 40,769,000Source | 107,528,000Source | 167,126,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 274,000Source | 2,424,000Source | 6,750,000Source | 3,830,000Source |
| Operating Lease, Right-of-Use AssetUSD | 0Source | 214,000Source | 11,972,000Source | 9,054,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,354,000Source | 8,355,000Source | 96,185,000Source | 125,427,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | -404,164,000Source | -388,219,000Source | -405,997,000Source | -374,159,000Source |
| Stockholders' Equity Attributable to ParentUSD | 16,931,000Source | 33,020,000Source | 24,624,000Source | 52,413,000Source |
| Additional Paid in Capital, Common StockUSD | 421,095,000Source | 421,239,000Source | 430,621,000Source | 426,572,000Source |
| Liabilities and EquityUSD | 18,285,000Source | 41,375,000Source | 120,809,000Source | 177,840,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,354,000Source | 8,355,000Source | 20,340,000Source | 24,443,000Source |
| Operating Lease, Liability, CurrentUSD | — | 0Source | 1,428,000Source | 871,000Source |
| Accounts Payable, CurrentUSD | 176,000Source | 3,168,000Source | 6,134,000Source | 7,918,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | 0Source | 11,300,000Source | 8,771,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 1,178,000Source | 5,187,000Source | 12,461,000Source | 10,820,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | 18,000,000Source | 38,300,000Source | — | 153,252,000Source |
| Deferred Revenue, CurrentUSD | — | 0Source | 317,000Source | 4,834,000Source |
| Deferred Revenue, NoncurrentUSD | — | 0Source | 64,545,000Source | 90,610,000Source |
| Short-term InvestmentsUSD | 0Source | 34,640,000Source | 83,787,000Source | 137,512,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -15,945,000Source | 17,778,000Source | -31,838,000Source | -54,454,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 368,000Source | 383,000Source | 386,000Source | 326,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | -144,000Source | 2,278,000Source | 3,589,000Source | 8,350,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -20,844,000Source | -50,473,000Source | -52,484,000Source | -48,746,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 35,150,000Source | 49,140,000Source | 53,690,000Source | 6,892,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 0Source | — | 35,000Source | 479,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | 0Source | 40,000Source | 194,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 0Source | -11,868,000Source | -40,000Source | 49,051,000Source |
| Dividends paid | — | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | 18,000,000Source | 38,300,000Source | — | 153,252,000Source |
| DepreciationUSD | — | 100,000Source | — | 326,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | 500,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -14,000Source | -32,000Source | — | — |
| General and Administrative ExpenseUSD | 13,532,000Source | 23,295,000Source | 33,130,000Source | 30,540,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -15,945,000Source | 17,778,000Source | -32,000,000Source | -54,454,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -31,838,000Source | -54,454,000Source |
| Nonoperating Income (Expense)USD | 1,510,000Source | 3,236,000Source | 4,926,000Source | 21,030,000Source |
| Other Nonoperating Income (Expense)USD | -16,000Source | -41,000Source | -22,000Source | -6,000Source |
| Payments of Financing CostsUSD | 0Source | 208,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | 0Source | 52,325,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 0Source | 572,000Source |
| Restructuring CostsUSD | — | — | 2,600,000Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 0Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 0Source | 65,297,000Source | 48,816,000Source | 40,697,000Source |
| Cost of RevenueUSD | — | — | — | 0Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -17,455,000Source | 14,542,000Source | -36,764,000Source | -75,484,000Source |
| Other Nonoperating Income (Expense)USD | -16,000Source | -41,000Source | -22,000Source | -6,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -15,945,000Source | 17,778,000Source | -31,838,000Source | — |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -15,945,000Source | 17,778,000Source | -32,000,000Source | -54,454,000Source |
| Earnings Per Share, BasicUSD per share | -2.39Source | 2.67Source | -4.78Source | -0.44Source |
| Earnings Per Share, DilutedUSD per share | -2.39Source | 2.67Source | -4.78Source | -0.5Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 6,663,000Source | 6,663,000Source | 6,663,000Source | 124,473,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 6,663,000Source | 6,663,000Source | 6,663,000Source | 125,142,000Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | 1.75Source | — | — |
| Costs and ExpensesUSD | 17,455,000Source | 50,755,000Source | 85,580,000Source | 116,181,000Source |
| General and Administrative ExpenseUSD | 13,532,000Source | 23,295,000Source | 33,130,000Source | 30,540,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -15,945,000Source | 17,778,000Source | -31,838,000Source | -54,454,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -31,838,000Source | -54,454,000Source |
| Nonoperating Income (Expense)USD | 1,510,000Source | 3,236,000Source | 4,926,000Source | 21,030,000Source |
| Research and Development ExpenseUSD | 3,923,000Source | 16,561,000Source | 52,450,000Source | 85,641,000Source |
| Restructuring CostsUSD | — | — | 2,600,000Source | — |
Filing attachments
lits-ex99_1.htm · 8-K · 2026-07-30
EX-99.1 2 lits-ex99_1.htm EX-99.1 EX-99.1 Lite Strategy Repurchases 13% of Outstanding Shares Since December, Increasing Litecoin Backing Per Share Lite Strategy Buys Back Roughly 4.9 Million Shares at an Average Price of $1.11 with No Debt Incurred SAN DIEGO, July 30, 2026 - Lite Strategy, Inc. (Nasdaq: LITS) (“Lite Strategy” or the “Company”), the first U.S. public company to adopt Litecoin (LTC) as its primary treasury reserve asset, today announced that since it commenced utilization …
Read attachment ↗lits-ex99_1.htm · 8-K · 2026-07-24
EX-99.1 2 lits-ex99_1.htm EX-99.1 INVESTOR PRESENTATION The largest public equity vehicle built to provide accessibility to Litecoin July 2026 Nasdaq: LITS FORWARD LOOKING STATEMENTS AND DISCLAIMERS This presentation contains “forward-looking” statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our future actions, prospective products and activities, future performance or r…
Read attachment ↗lits-ex99_1.htm · 8-K · 2026-05-13
EX-99.1 2 lits-ex99_1.htm EX-99.1 EX-99.1 Lite Strategy Reports Fiscal 2026 Third Quarter Results Lite Strategy Continues to Deliver Recurring Yield on Litecoin Holdings and Advance Share Repurchase Program SAN DIEGO, CA, May 13, 2026 - Lite Strategy, Inc. (Nasdaq: LITS) (“Lite Strategy” or the “Company”), the first U.S. public company to adopt Litecoin (LTC) as its primary treasury reserve asset, today announced financial results for the fiscal 2026 third quarter ended March 31, 2026. B…
Read attachment ↗lits-ex99_1.htm · 8-K · 2026-02-17
EX-99.1 2 lits-ex99_1.htm EX-99.1 EX-99.1 Lite Strategy Reports Fiscal 2026 Second Quarter Results Second Quarter Performance Driven by Successful Deployment of Treasury Operations; Reflecting Commitment to Strategic Focus on Leveraging Litecoin Holdings Complemented by Disciplined Capital Allocation [SAN DIEGO, CA] February 17, 2026 - Lite Strategy, Inc. (Nasdaq: LITS) (“Lite Strategy” or the “Company”), the first U.S. public company to adopt Litecoin (LTC) as its primary treasury reserv…
Read attachment ↗lits-ex99_1.htm · 8-K · 2025-10-30
EX-99.1 2 lits-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Lite Strategy Announces $25M Share Repurchase Program, Signalling Shift From Initial Litecoin Accumulation to Active Capital Market Operations LITS Board of Directors Reaffirms Commitment to Driving Long-Term Stockholder Value San Diego, CA -- Oct. 29, 2025 - Lite Strategy, Inc. (NASDAQ: LITS) (“Lite Strategy” or “LITS”) today announced its Board of Directors has authorized a program to repurchase shares of the Company’s Common Stock…
Read attachment ↗meip-ex99_1.htm · 8-K · 2025-09-10
EX-99.1 3 meip-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 MEI Pharma, Inc. Rebrands as Lite Strategy, Inc., Adopts New NASDAQ Ticker ‘LITS’ Lite Strategy Rebrand Aligns with Company’s LTC Digital Asset Treasury Strategy Advised by GSR Ventures [San Diego, CA - September 10, 2025] MEI Pharma, Inc. (NASDAQ: MEIP) (“MEI” or the “Company”) today announced that it will change its corporate name to Lite Strategy, Inc., reflecting the Company’s expansion into a pioneer in digital asset treasury ma…
Read attachment ↗