Event-Driven Stocks

Lumentum Holdings Inc.

LITENasdaq

Technology · Communications Equipment, NEC · DE · SEC filings ↗ · Compare ⊕

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Signs3 good3 warningdetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$1.65B$1.36B$1.77B$1.71B$1.74B$402.8M
Operating income−$180.1M−$434.0M−$115.7M$303.3M$527.0M$42.5M
Net income$25.9M−$546.5M−$131.6M$198.9M$397.3M$43.4M
Total assets$4.22B$3.93B$4.63B$4.16B$3.55B$3.29B
Total liabilities$3.08B$2.97B$3.28B$2.29B$1.58B$1.54B
Equity$1.13B$957.3M$1.36B$1.88B$1.97B$1.75B
EPS (diluted)$0.37$-8.12$-1.93$2.68$5.07$0.56
Shares out.69.9M68.0M66.7M68.1M72.7M75.2M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−10.9%
Net margin
1.6%
Return on equity
2.3%
Return on assets
0.6%
Return on capital (ROCE)
−4.7%
Liabilities / assets
73.1%
Debt / equity
2.72×
Book value / share
$16.23
Revenue growth (YoY)
21.0%
Net income growth (YoY)

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
1.49grey zone
Accruals / assets
2.4%clean
Piotroski F-Score
7/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
69
/ 100
Profitability 60Growth 100Catalyst 33Earnings quality 100Financial strength 50

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

3 warning3 good
  • Operating losses (negative operating margin)
  • High leverage (liabilities > 70% of assets)
  • Altman Z″ in the grey zone
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20269.2M1.3-2.9%
Apr 30, 20269.4M1.9+5.8%
Apr 15, 20268.9M1.4-22.3%
Mar 31, 202611.5M1.4-0.1%
Mar 13, 202611.5M1.8+5.4%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗
  • 4Jun 1, 2026
  • SDJun 1, 2026
  • 8-KJun 1, 2026
  • 144May 29, 2026
  • 4May 22, 2026
  • 4May 19, 2026
  • 4May 19, 2026
  • 4May 19, 2026
  • 4May 19, 2026
  • 4May 19, 2026
  • 144May 18, 2026
  • 144May 18, 2026
  • 144May 18, 2026
  • 144May 18, 2026
  • 4May 15, 2026

Corporate family

Spun off from JDS Uniphase CorporationVIAV · Aug 1, 2015

From the spin-off filings we track. Follow a company to walk its own history.

Event-driven situations (1)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.