diff --git a/lib/licensed/source/bundler.rb b/lib/licensed/source/bundler.rb
index 44352aa1..8c64f277 100644
--- a/lib/licensed/source/bundler.rb
+++ b/lib/licensed/source/bundler.rb
@@ -90,7 +90,7 @@ def gem_spec(dependency)
 
         # if the specification is coming from a gemspec source,
         # we can get a non-lazy specification straight from the source
-        if spec.source.is_a?(::Bundler::Source::Gemspec)
+        if spec.source.is_a?(::Bundler::Source::Gemspec) || spec.source.is_a?(::Bundler::Source::Path)
           return spec.source.specs.first
         end
 
diff --git a/test/fixtures/bundler/Gemfile b/test/fixtures/bundler/Gemfile
index 1b6a5617..e73e9380 100644
--- a/test/fixtures/bundler/Gemfile
+++ b/test/fixtures/bundler/Gemfile
@@ -23,6 +23,8 @@ group :test do
  gem "minitest", "5.11.3"
 end
 
+gem "pathed-gem-fixture", path: "pathed-gem-fixture"
+
 # verify https://github.com/github/licensed/issues/71
 git_source(:github) { |repo_name| "https://github.com/#{repo_name}" }
 gem "mini_racer"
diff --git a/test/fixtures/bundler/pathed-gem-fixture/fixture.rb b/test/fixtures/bundler/pathed-gem-fixture/fixture.rb
new file mode 100644
index 00000000..4d866c06
--- /dev/null
+++ b/test/fixtures/bundler/pathed-gem-fixture/fixture.rb
@@ -0,0 +1,5 @@
+class PathedGemFixture
+  def hello
+    p "world"
+  end
+end
diff --git a/test/fixtures/bundler/pathed-gem-fixture/pathed-gem-fixture.gemspec b/test/fixtures/bundler/pathed-gem-fixture/pathed-gem-fixture.gemspec
new file mode 100644
index 00000000..d23dd1d0
--- /dev/null
+++ b/test/fixtures/bundler/pathed-gem-fixture/pathed-gem-fixture.gemspec
@@ -0,0 +1,12 @@
+Gem::Specification.new do |spec|
+  spec.name          = "pathed-gem-fixture"
+  spec.version       = "0.0.1"
+  spec.authors       = ["GitHub"]
+  spec.email         = ["opensource+licensed@github.com"]
+
+  spec.summary       = %q{a gem to test finding specs installed via :path property}
+  spec.homepage      = "https://github.com/github/licensed"
+  spec.license       = "MIT"
+
+  spec.files = ["fixture.rb"]
+end
diff --git a/test/source/bundler_test.rb b/test/source/bundler_test.rb
index b25acc96..d84e5128 100644
--- a/test/source/bundler_test.rb
+++ b/test/source/bundler_test.rb
@@ -122,6 +122,14 @@
         end
       end
 
+      it "finds dependencies from path sources" do
+        Dir.chdir(fixtures) do
+          dep = source.dependencies.find { |d| d["name"] == "pathed-gem-fixture" }
+          assert dep
+          assert_equal "0.0.1", dep["version"]
+        end
+      end
+
       describe "when bundler is a listed dependency" do
         it "includes bundler as a dependency" do
           Dir.chdir(fixtures) do