Lite Strategy Inc 2026年季度报告

Lite Strategy, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ PART IFINANCIAL INFORMATION Item 1.Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as of December 31, 2025 and June 30, 2025 (Unaudited) Condensed Consolidated Statements of Operations for the three and six months ended December 31, 2025and 2024 (Unaudited)4 Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended December31, 2025 and 2024 (Unaudited)Condensed Consolidated Statements of Cash Flows for the six months ended December 31, 2025 and 2024(Unaudited)Notes to Condensed Consolidated Financial Statements (Unaudited)Item 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures about Market RiskItem 4.Controls and ProceduresPART IIOTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSIGNATURES LITE STRATEGY, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Supplemental cash flow information: LITE STRATEGY, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Description of Business and Basis of Presentation Description of Business Lite Strategy, Inc. (Nasdaq: LITS) is a pharmaceutical company that has historically developed novel and differentiated cancertherapies and is currently assessing pre-clinical development programs potentially in nononcology disease indications. We also holdLitecoin (LTC) tokens as a primary reserve asset as part of our broader institutional treasury strategy. We initially built our pipelineby acquiring promising cancer agents and creating value in programs through development, strategic partnerships, and out-licensingor commercialization, as appropriate. Our approach to drug development is to evaluate our drug candidates either as stand-alone or incombination with standard-of-care therapies to overcome known resistance mechanisms and address medical needs to provideimproved patient benefit. Our drug candidate pipeline includes voruciclib, an oral cyclin-dependent kinase 9 (CDK9) inhibitor, Stock Buy Back In connection with shifting our Litecoin Treasury Strategy (as defined below) from initial LTC accumulation to active capitalmarket operations, on October 29, 2025, we announced that our board of directors (Board) authorized a program to repurchase sharesof our common stock, par value $0.00000002 (Common Stock), up to an aggregate amount of $25.0 million (the Share RepurchaseProgram), excluding fees, commissions, and excise tax due under the Inflation Reduction Act of 2022. The Share RepurchaseProgram was effective immediately and provides for shares to be repurchased in the open market, privately negotiated transactions or As more fully described inNote 11.Stockholders' Equity,in December 2025, we initiated our Share Repurchase Program. Litecoin Treasury Strategy On August 5, 2025, we announced the commencement of our primary reserve asset and implementation strategy built on adigital asset infrastructure and long-term capital innovation (the Litecoin Treasury Strategy) through our acquisition of LTC tokens,reflecting the full deployment of the net proceeds of the PIPE (as defined below). LTC is an open source, global payment networkthat is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control theirown finances. LTC features faster transaction confirmation times and improved storage efficiency than the leading math-based Private Investment in Public Equity (PIPE) and Related Agreements On July 22, 2025 (the Closing Date), we closed on a $100.0 million PIPE