Lepisorus squamatus is a species of fern known only from Vietnam and from Guangxi Province in southern China.

[1] The plant is herbaceous, spreading by rhizomes.

The leaves are simple, elliptical, and the sori are round, on the underside of the leaves.

[2][3][4] The systematic position of the species varies.

It was originally described in the monotypic genus Caobangia as Caobangia squamata.