Luminar Technologies reports Q3 revenue of $18.7 million and net loss of $89.5 million
Luminar Technologies reported third quarter 2025 revenue of $18.7 million, an increase of 21% compared to the same period in 2024 and 20% compared to the previous quarter. The company posted a GAAP gross loss of $8.1 million and a non-GAAP gross loss of $7.3 million. The GAAP net loss attributable to common stockholders was $89.5 million, or $1.29 per share, while the non-GAAP net loss was $65.4 million, or $0.94 per share. GAAP operating expenses were $66.6 million, with non-GAAP operating expenses at $43.0 million. Luminar ended the quarter with $74.0 million in cash and marketable securities. The company has suspended its financial guidance for the fiscal year ending December 31, 2025. Luminar is exploring strategic alternatives, including a potential sale of all or part of the business, raising additional capital, or restructuring its capital structure. The company has signed forbearance and non-disclosure agreements with the majority of its secured noteholders through November 24, 2025, and has appointed Patricia Ferrari and Elizabeth Abrams to its board of directors.
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