Lite Strategy, Inc.

Listed Company

LITSCIK 0001262104NasdaqNon-AcceleratedSmaller ReportingPharmaceutical PreparationsDelawareFY ends Jun 30

Period

FY 2025

Revenue

Net Income

$-16.00M

Total Assets

$18.29M

Equity

$16.93M

Shares Out

34.03M

Op. Cash Flow

$-20.84M

LITS$0.99−68.91% · past 10 monthsDBEQ Basic

Daily closing prices

Business

Lite Strategy, Inc. (formerly MEI Pharma) is a pharmaceutical company developing novel cancer therapies through clinical and pre-clinical programs. The company's pipeline includes voruciclib, an oral CDK9 inhibitor in early-stage development, and zandelisib, a PI3Kδ inhibitor in pre-clinical assessment, both evaluated in combination with standard-of-care treatments. Following a strategic alternatives review, the company implemented a digital-asset treasury strategy and is assessing pre-clinical drug development activities. The company operates globally but does not manufacture; it relies on contract manufacturers and strategic partnerships.

Summary from 10-K filed 2025-09-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues	0	65	49	41	35
Research and development	4	17	52	86	69
General and administrative	14	23	33	31	24
Impairment of long-lived assets	0	11	0	—	—
Total operating expenses	17	51	86	116	95
(Loss) income from operations	−17	15	−37	−75	−60
Interest and dividend income	1	3	3	284,000	510,000
Gain on disposition of a non-financial asset	500,000	0	—	—	—
Other expense, net	−16,000	−41,000	−22,000	−6,000	486,000
Total other income, net	2	3	5	21	19
Net (loss) income	−16	18	−32	−54	−41
Basic (per share)	−2.39	2.67	−4.78	−8.75	−0.37
Diluted (per share)	−2.39	2.67	−4.78	−9.99	−0.6
Basic (shares)	7	7	7	6	113
Diluted (shares)	7	7	7	6	114

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	18	4	17	16	9
Short-term investments	0	35	84	138	145
Prepaid expenses and other current assets	274,000	2	7	4	4
Total current assets	18	41	108	167	165
Operating lease right-of-use asset	0	200,000	12	9	8
Property and equipment, net	0	392,000	1	2	2
Total assets	18	41	121	178	174
Accounts payable	176,000	3	6	8	6
Accrued liabilities	1	5	12	11	8
Total current liabilities	1	8	20	24	20
Total liabilities	1	8	96	125	125
Commitments and contingencies (Note 6)	—	—	—	—	—
Preferred stock, $0.01 par value; 100 shares authorized; none outstanding	0	0	0	0	0
Common stock, $0.00000002 par value; 226,000 shares authorized; 6,663 shares issued and outstanding at June 30, 2025 and June 30, 2024	0	0	0	0	0
Additional paid-in capital	421	421	431	427	369
Accumulated deficit	−404	−388	−406	−374	−320
Total stockholders' equity	17	33	25	52	49
Total liabilities and stockholders' equity	18	41	121	178	174

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net (loss) income	−16	18	−32	−54	−41
Share-based compensation	−144,000	2	4	8	10
Impairment of long-lived assets	0	11	0	—	—
Noncash lease expense	214,000	2	1	909,000	0
Depreciation expense	368,000	383,000	386,000	326,000	285,000
Loss on disposal of property and equipment	14,000	32,000	0	—	—
Unbilled receivables	0	85,000	10	−2	−5
Prepaid expenses and other current assets	2	5	−3	−21,000	−1
Accounts payable	−3	−3	−2	2	4
Accrued liabilities	−4	−7	2	2	2
Deferred revenue	0	−65	−31	16	−4
Operating lease liability	0	−14	−1	—	—
Net cash used in operating activities	−21	−50	−52	−49	−32
Purchases of short-term investments	0	−58	−102	−273	−420
Proceeds from maturity of short-term investments	35	107	155	280	446
Proceeds from sale of property and equipment	10,000	0	—	—	—
Proceeds from the disposition of a non-financial asset	500,000	0	—	—	—
Purchases of property and equipment	0	−7,000	−35,000	−479,000	−708,000
Net cash provided by investing activities	35	49	54	7	25
Payment of cash dividend	0	−12	0	—	—
Payment of financing costs	0	−208,000	0	—	—
Net cash used in financing activities	0	−12	−40,000	49	3
Net increase (decrease) in cash and cash equivalents	14	−13	1	7	−4
Re-measurement of right-of-use asset and related lease liability upon lease modification	0	−22,000	0	—	—
Re-measurement of right-of-use asset for direct costs associated with lease modification	0	181,000	0	—	—

Filings

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Frequently asked questions

What is Lite Strategy, Inc.'s CIK number?

Lite Strategy, Inc.'s SEC CIK number is 0001262104 (1262104). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Lite Strategy, Inc.'s SEC filings?

All of Lite Strategy, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Lite Strategy, Inc. last report earnings?

Lite Strategy, Inc. (LITS) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-220697). This is Lite Strategy, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Lite Strategy, Inc.'s most recent earnings 8-K?

Lite Strategy, Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001193125-26-220697. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Lite Strategy, Inc.'s latest earnings 8-K →
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