LAZR · As filed with the SEC
Luminar Technologies income statement, by fiscal year
The statement as Luminar Technologies presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations and Comprehensive Loss · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue | 66,014,000 | 75,395,000 | 69,779,000 | 40,698,000 | 31,944,000 | 13,951,000 |
| Products | 46,035,000 | 62,608,000 | 45,044,000 | 18,492,000 | 10,118,000 | 4,840,000 |
| Services | 19,979,000 | 12,787,000 | 24,735,000 | 22,206,000 | 21,826,000 | 9,111,000 |
| Total cost of sales | 144,232,000 | 101,085,000 | 142,469,000 | 100,983,000 | 46,092,000 | 24,952,000 |
| Products | 127,548,000 | 86,005,000 | 105,236,000 | 61,985,000 | 23,484,000 | 15,097,000 |
| Services | 16,684,000 | 15,080,000 | 37,233,000 | 38,998,000 | 22,608,000 | 9,855,000 |
| Gross loss | (78,218,000) | (25,690,000) | (72,690,000) | (60,285,000) | (14,148,000) | (11,001,000) |
| Operating expenses: | ||||||
| Research and development | 137,592,000 | 231,669,000 | 262,217,000 | 185,283,000 | 88,861,000 | 38,651,000 |
| Sales and marketing | 16,619,000 | 45,488,000 | 53,097,000 | 38,672,000 | 17,858,000 | 7,948,000 |
| General and administrative | 25,968,000 | 115,771,000 | 159,815,000 | 158,162,000 | 93,685,000 | 29,275,000 |
| Impairment of goodwill and intangible assets | 3,719,000 | 6,647,000 | 15,489,000 | — | 0 | — |
| Impairment of long-lived assets | 7,513,000 | — | — | — | — | — |
| Restructuring and other costs | 27,172,000 | 9,772,000 | — | — | — | — |
| Total operating expenses | 218,583,000 | 409,347,000 | 490,618,000 | 382,117,000 | 200,404,000 | 75,874,000 |
| Loss from operations | (296,801,000) | (435,037,000) | (563,308,000) | (442,402,000) | (214,552,000) | (86,875,000) |
| Other income (expense), net: | ||||||
| Change in fair value of warrant liabilities | 0 | 1,069,000 | 1,936,000 | 9,222,000 | (26,126,000) | (268,266,000) |
| Impairment of investments and certain other assets | — | — | — | (6,016) | 0 | 0 |
| Interest expense | — | — | (11,048) | (11,095) | (2,028) | (2,885) |
| Interest expense | (48,190,000) | (27,032,000) | — | — | — | — |
| Interest income | — | 10,418 | 13,109 | 5,024 | 2,546 | (276) |
| Interest income | 4,488,000 | — | — | — | — | — |
| Gain on extinguishment of debt | 22,303,000 | 148,660,000 | — | 0 | 0 | (3,996,000) |
| Net loss per share: | — | 1,474 | — | — | — | — |
| Changes in fair value of derivative liability | — | 31,729 | — | — | — | — |
| Losses and impairments related to investments and certain other assets, and other income (expense) | — | (5,164) | (10,262) | — | 912 | — |
| (Loss) gain from acquisition of EM4 | (48,000) | — | — | — | — | — |
| Changes in fair value of derivative liability | (3,308,000) | — | — | — | — | — |
| Losses and impairments related to investments and certain other assets, and other income (expense) | 1,941,000 | — | — | — | — | — |
| Total other income (expense), net | (22,814,000) | 161,154,000 | (6,265,000) | (2,865,000) | (24,696,000) | (275,423,000) |
| Loss before provision for income taxes | — | (273,883) | (569,573) | (445,267) | (239,248) | (362,298) |
| Loss before reorganization items and provision for income taxes | (319,615,000) | — | — | — | — | — |
| Reorganization items | 46,349,000 | — | — | — | — | — |
| Provision for income taxes | 338,000 | (743,000) | 1,696,000 | 672,000 | (1,262,000) | 0 |
| Net loss | (366,302,000) | (273,140,000) | (571,269,000) | (445,939,000) | (237,986,000) | (362,298,000) |
| Less: Deemed dividend on Series A preferred stock | 11,820,000 | — | — | — | — | — |
| Net loss attributable to common stockholders | (378,122,000) | — | — | (445,939,000) | (237,986,000) | (369,055,000) |
| Net loss per share attributable to common stockholders: | ||||||
| Basic (in dollars per share) | (6.33) | (8.7) | (1.47) | (1.25) | (0.69) | (2.54) |
| Diluted (in dollars per share) | (6.33) | (8.7) | (1.47) | (1.25) | (0.69) | (2.54) |
| Shares used in computing net loss per share: | ||||||
| Basic (in shares) | 59,699,261 | 31,404,616 | 389,373,659 | 356,265,774 | 346,300,975 | 145,096,996 |
| Diluted (in shares) | 59,699,261 | 31,404,616 | 389,373,659 | 356,265,774 | 346,300,975 | 145,096,996 |
| Comprehensive Loss: | ||||||
| Net loss | (366,302,000) | (273,140,000) | (571,269,000) | (445,939,000) | (237,986,000) | (362,298,000) |
| Net unrealized (losses) gains on available-for-sale debt securities | (179,000) | (297,000) | 4,228,000 | (3,318,000) | (942,000) | 35,000 |
| Comprehensive loss | (366,481,000) | (273,437,000) | (567,041,000) | (449,257,000) | (238,928,000) | (362,263,000) |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.