NASDAQ : FONR
FONAR Corporation — Financial statements
Healthcare · Diagnostics & Research · United States
Last price 19.09 USD (At close: Jun 2, 2026) · Market cap 125.07M
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Financial statements
FONAR Corporation (FONR) reported revenue of 105.34M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 105.34M | 104.35M | 102.88M | 98.65M | 97.59M | 89.93M |
| Cost of Revenue | 62.93M | 61.44M | 57.74M | 52.90M | 50.58M | 46.46M |
| Gross Profit | 42.41M | 42.91M | 45.14M | 45.75M | 47.01M | 43.47M |
| Selling, General & Admin | 31.10M | 29.73M | 26.87M | 29.39M | 23.51M | 24.74M |
| Research & Development | 1.77M | 1.58M | 1.74M | 1.57M | 1.49M | 1.64M |
| Operating Expenses | 32.88M | 31.31M | 28.60M | 30.96M | 25.01M | 26.38M |
| Operating Income | 9.53M | 11.60M | 16.54M | 14.79M | 22.01M | 17.10M |
| Interest Expense | -12.61K | -25.61K | -77.00K | -50.13K | -346.55K | -248.66K |
| Interest & Investment Income | 1.81M | 2.17M | 2.15M | 1.22M | 247.16K | 311.93K |
| Other Non Operating Income (Expenses) | 47.20K | 36.20K | 655.62K | -202.72K | 861.09K | 504.45K |
| EBT Excluding Unusual Items | 11.38M | 13.78M | 19.27M | 15.76M | 22.77M | 17.67M |
| Pretax Income | 11.38M | 13.78M | 19.27M | 15.76M | 22.77M | 17.67M |
| Income Tax Expense | 2.50M | 3.11M | 5.17M | 3.63M | 5.53M | 3.99M |
| Earnings From Continuing Operations | 8.88M | 10.67M | 14.10M | 12.13M | 17.23M | 13.67M |
| Minority Interest in Earnings | -2.19M | -2.34M | -3.53M | -2.75M | -4.79M | -3.47M |
| Net Income | 6.69M | 8.33M | 10.57M | 9.38M | 12.44M | 10.21M |
| Preferred Dividends & Other Adjustments | 319.44K | 396.44K | 490.78K | 427.67K | 559.07K | 458.71K |
| Net Income to Common | 6.37M | 7.94M | 10.08M | 8.95M | 11.88M | 9.75M |
| Shares Outstanding (Basic) | 6.55M | 6.30M | 6.46M | 6.58M | 6.68M | 6.68M |
| Shares Outstanding (Diluted) | 6.55M | 6.30M | 6.46M | 6.58M | 6.68M | 6.68M |
| EPS (Basic) | 0.97 | 1.26 | 1.56 | 1.36 | 1.78 | 1.46 |
| EPS (Diluted) | 0.97 | 1.26 | 1.56 | 1.36 | 1.78 | 1.46 |
| Free Cash Flow | 4.58M | 7.47M | 13.30M | 10.25M | 10.76M | 15.55M |
| Free Cash Flow Per Share | 0.70 | 1.19 | 2.06 | 1.56 | 1.61 | 2.33 |
| Gross Margin | 40.26% | 41.12% | 43.88% | 46.38% | 48.17% | 48.34% |
| Operating Margin | 9.05% | 11.12% | 16.07% | 14.99% | 22.55% | 19.01% |
| Profit Margin | 6.05% | 7.61% | 9.79% | 9.07% | 12.17% | 10.84% |
| Free Cash Flow Margin | 4.35% | 7.16% | 12.93% | 10.39% | 11.02% | 17.30% |
| EBITDA | 13.76M | 15.92M | 21.13M | 19.33M | 26.54M | 21.18M |
| EBITDA Margin | 13.07% | 15.25% | 20.54% | 19.60% | 27.20% | 23.55% |
| D&A For EBITDA | 4.23M | 4.32M | 4.60M | 4.54M | 4.54M | 4.08M |
| EBIT | 9.53M | 11.60M | 16.54M | 14.79M | 22.01M | 17.10M |
| EBIT Margin | 9.05% | 11.12% | 16.07% | 14.99% | 22.55% | 19.01% |
| Effective Tax Rate | 21.94% | 22.55% | 26.83% | 23.05% | 24.31% | 22.60% |
| Revenue as Reported | 105.34M | 104.35M | 102.88M | 98.65M | 97.59M | 89.93M |
| Advertising Expenses | 773.00K | 731.00K | 570.00K | 634.00K | 633.00K |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 53.65M | 56.33M | 56.34M | 51.28M | 48.72M | 44.46M |
| Short-Term Investments | 122.00K | 120.49K | 136.10K | 32.80K | 32.33K | 32.18K |
| Cash & Short-Term Investments | 53.77M | 56.45M | 56.48M | 51.31M | 48.76M | 44.49M |
| Accounts Receivable | 88.99M | 82.94M | 79.85M | 70.17M | 66.47M | 61.20M |
| Receivables | 88.99M | 82.94M | 79.85M | 70.17M | 66.47M | 61.20M |
| Inventory | 2.83M | 2.81M | 2.72M | 2.57M | 2.36M | 1.66M |
| Prepaid Expenses | 2.41M | 2.46M | 1.29M | 1.61M | 1.10M | 1.23M |
| Total Current Assets | 148.01M | 144.67M | 140.32M | 125.66M | 118.69M | 108.58M |
| Property, Plant & Equipment | 53.42M | 54.04M | 57.67M | 55.94M | 57.44M | 53.11M |
| Goodwill | 4.27M | 4.27M | 4.27M | 4.27M | 4.27M | 4.27M |
| Other Intangible Assets | 2.81M | 2.99M | 2.87M | 3.43M | 3.70M | 4.04M |
| Long-Term Accounts Receivable | 3.04M | 3.55M | 829.47K | 710.09K | 1.87M | 2.88M |
| Long-Term Deferred Tax Assets | 6.20M | 6.35M | 7.22M | 10.04M | 12.84M | 15.96M |
| Other Long-Term Assets | 891.00K | 475.68K | 481.15K | 523.51K | 526.27K | 666.51K |
| Total Assets | 219.22M | 216.91M | 214.25M | 200.58M | 199.34M | 189.51M |
| Accounts Payable | 2.29M | 1.30M | 1.86M | 1.58M | 1.55M | 1.87M |
| Accrued Expenses | 4.45M | 6.53M | 6.48M | 4.82M | 5.18M | 6.28M |
| Current Portion of Long-Term Debt | 47.00K | 43.77K | 40.08K | 173.21K | ||
| Current Portion of Leases | 4.03M | 3.63M | 3.70M | 4.12M | 4.09M | 3.74M |
| Current Income Taxes Payable | 1.46M | 48.35K | 382.00K | 774.23K | ||
| Current Unearned Revenue | 5.11M | 5.22M | 4.31M | 4.43M | 4.65M | 5.11M |
| Other Current Liabilities | 245.00K | 442.31K | 573.57K | 854.96K | 2.11M | |
| Total Current Liabilities | 16.12M | 17.12M | 17.86M | 15.62M | 16.75M | 20.05M |
| Long-Term Debt | 66.94K | 115.08K | 155.38K | 760.25K | ||
| Long-Term Leases | 34.80M | 35.29M | 37.86M | 32.73M | 33.93M | 30.02M |
| Long-Term Unearned Revenue | 3.27M | 3.80M | 1.17M | 760.24K | 1.86M | 2.80M |
| Long-Term Deferred Tax Liabilities | 321.00K | 321.16K | 371.56K | 394.76K | 215.73K | 238.32K |
| Other Long-Term Liabilities | 252.00K | 265.52K | 124.69K | 134.41K | 199.20K | 263.99K |
| Total Liabilities | 54.77M | 56.80M | 57.46M | 49.75M | 53.11M | 54.14M |
| Common Stock | 1.00K | 660.00 | 673.00 | 685.00 | 695.00 | 695.00 |
| Additional Paid-In Capital | 178.29M | 178.76M | 180.61M | 182.61M | 184.53M | 185.10M |
| Retained Earnings | 672.00K | -5.29M | -13.62M | -24.19M | -33.57M | -46.01M |
| Treasury Stock | -395.00K | -859.89K | -1.02M | -515.82K | -675.39K | -675.39K |
| Total Common Equity | 178.57M | 172.61M | 165.97M | 157.91M | 150.29M | 138.42M |
| Minority Interest | -14.11M | -12.50M | -9.18M | -7.08M | -4.05M | -3.05M |
| Shareholders' Equity | 164.46M | 160.10M | 156.79M | 150.83M | 146.24M | 135.37M |
| Total Liabilities & Equity | 219.22M | 216.91M | 214.25M | 200.58M | 199.34M | 189.51M |
| Total Debt | 38.83M | 38.92M | 41.68M | 37.01M | 38.22M | 34.69M |
| Net Cash (Debt) | 14.94M | 17.54M | 14.80M | 14.30M | 10.54M | 9.80M |
| Net Cash Per Share | 2.28 | 2.79 | 2.29 | 2.17 | 1.58 | 1.47 |
| Filing Date Shares Outstanding | 6.55M | 6.55M | 6.71M | 6.83M | 6.94M | 6.94M |
| Total Common Shares Outstanding | 6.55M | 6.55M | 6.71M | 6.83M | 6.94M | 6.94M |
| Working Capital | 131.88M | 127.55M | 122.47M | 110.04M | 101.94M | 88.53M |
| Book Value Per Share | 27.26 | 26.35 | 24.73 | 23.11 | 21.67 | 19.95 |
| Tangible Book Value | 171.49M | 165.35M | 158.83M | 150.21M | 142.32M | 130.11M |
| Tangible Book Value Per Share | 26.18 | 25.24 | 23.67 | 21.98 | 20.52 | 18.76 |
| Buildings | 940.00K | 939.61K | 939.61K | 939.61K | 939.61K | 939.61K |
| Machinery | 49.81M | 47.65M | 45.25M | 45.13M | 43.06M | 41.38M |
| Leasehold Improvements | 17.99M | 17.71M | 16.31M | 15.65M | 14.09M | 12.96M |
| Order Backlog | 844.00K | 62.00K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.69M | 8.33M | 10.57M | 9.38M | 12.44M | 10.21M |
| Depreciation & Amortization | 4.23M | 4.32M | 4.60M | 8.80M | 8.54M | 5.54M |
| Other Amortization | 378.00K | 378.00K | ||||
| Loss (Gain) From Sale of Assets | -656.59K | 213.24K | ||||
| Asset Writedown & Restructuring Costs | 58.71K | 55.71K | 225.42K | 534.00 | ||
| Stock-Based Compensation | 2.02M | |||||
| Provision & Write-off of Bad Debts | 415.76K | 3.21M | 1.88M | 5.51M | 1.34M | 5.59M |
| Other Operating Activities | 2.65M | 3.16M | 6.10M | 5.73M | 7.19M | 6.99M |
| Change in Accounts Receivable | -7.22M | -9.01M | -11.68M | -8.06M | -5.60M | -11.96M |
| Change in Inventory | -124.24K | -97.24K | -145.78K | -209.84K | -696.40K | -14.65K |
| Change in Accounts Payable | 1.06M | -553.56K | 276.67K | 19.68K | -314.77K | -99.22K |
| Change in Unearned Revenue | 126.77K | -89.23K | -158.91K | 241.13K | -384.60K | -108.74K |
| Change in Other Net Operating Assets | -606.71K | 1.55M | 3.09M | -7.17M | -7.21M | 918.28K |
| Operating Cash Flow | 7.66M | 11.26M | 14.09M | 14.47M | 15.30M | 19.09M |
| Capital Expenditures | -3.08M | -3.79M | -789.96K | -4.22M | -4.55M | -3.53M |
| Sale of Property, Plant & Equipment | 75.41K | |||||
| Cash Acquisitions | -546.00K | |||||
| Sale (Purchase) of Intangibles | -501.32K | -25.32K | -32.88K | -119.57K | -87.88K | -1.29M |
| Investment in Securities | 608.00 | 15.61K | -103.30K | -473.00 | -149.00 | -293.00 |
| Investing Cash Flow | -3.58M | -3.80M | -850.74K | -4.34M | -5.18M | -4.82M |
| Long-Term Debt Issued | 63.00K | |||||
| Long-Term Debt Repaid | -113.94K | -44.90K | -36.62K | -37.24K | -103.33K | |
| Net Debt Issued (Repaid) | 60.00 | -113.94K | -44.90K | -36.62K | -37.24K | -40.34K |
| Repurchase of Common Stock | -646.00 | -1.81M | -2.51M | -1.76M | ||
| Other Financing Activities | -4.68M | -5.55M | -5.63M | -5.78M | -5.82M | -6.57M |
| Financing Cash Flow | -4.69M | -7.47M | -8.18M | -7.57M | -5.86M | -6.61M |
| Net Cash Flow | -607.56K | -7.56K | 5.06M | 2.56M | 4.26M | 7.66M |
| Free Cash Flow | 4.58M | 7.47M | 13.30M | 10.25M | 10.76M | 15.55M |
| Free Cash Flow Margin | 4.35% | 7.16% | 12.93% | 10.39% | 11.02% | 17.30% |
| Free Cash Flow Per Share | 0.70 | 1.19 | 2.06 | 1.56 | 1.61 | 2.33 |
| Levered Free Cash Flow | 1.07M | 3.13M | 7.21M | 8.10M | 8.08M | 9.27M |
| Unlevered Free Cash Flow | 1.08M | 3.15M | 7.26M | 8.13M | 8.30M | 9.42M |
| Cash Interest Paid | 12.61K | 25.61K | 77.00K | 50.13K | 617.03K | 75.18K |
| Cash Income Tax Paid | 1.52M | 4.66M | 507.14K | 1.44M | 2.41M | 261.03K |
| Change in Working Capital | -6.76M | -8.19M | -8.62M | -15.17M | -14.21M | -11.26M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 125.07M | 98.00M | 107.38M | 118.35M | 105.37M | 122.64M |
| Enterprise Value | 96.02M | 71.79M | 85.43M | 99.76M | 94.26M | 112.93M |
| Last Close Price | 14.96 | 16.00 | 17.10 | 15.19 | 17.68 | |
| PE Ratio | 19.63 | 12.35 | 10.66 | 13.23 | 8.87 | 12.58 |
| PS Ratio | 1.19 | 0.94 | 1.04 | 1.20 | 1.08 | 1.36 |
| PB Ratio | 0.70 | 0.61 | 0.69 | 0.79 | 0.72 | 0.91 |
| P/TBV Ratio | 0.73 | 0.59 | 0.68 | 0.79 | 0.74 | 0.94 |
| P/FCF Ratio | 27.32 | 13.11 | 8.07 | 11.55 | 9.80 | 7.88 |
| P/OCF Ratio | 16.33 | 8.70 | 7.62 | 8.18 | 6.89 | 6.42 |
| EV/Sales Ratio | 0.91 | 0.69 | 0.83 | 1.01 | 0.97 | 1.26 |
| EV/EBITDA Ratio | 6.98 | 4.51 | 4.04 | 5.16 | 3.55 | 5.33 |
| EV/EBIT Ratio | 10.07 | 6.19 | 5.17 | 6.75 | 4.28 | 6.61 |
| EV/FCF Ratio | 20.97 | 9.61 | 6.42 | 9.73 | 8.76 | 7.26 |
| Debt / Equity Ratio | 0.24 | 0.24 | 0.27 | 0.24 | 0.26 | 0.26 |
| Debt / EBITDA Ratio | 1.31 | 1.77 | 1.55 | 1.47 | 1.19 | 1.27 |
| Debt / FCF Ratio | 8.48 | 5.21 | 3.13 | 3.61 | 3.55 | 2.23 |
| Net Debt / Equity Ratio | -0.09 | -0.11 | -0.09 | -0.10 | -0.07 | -0.07 |
| Net Debt / EBITDA Ratio | -1.09 | -1.10 | -0.70 | -0.74 | -0.40 | -0.46 |
| Net Debt / FCF Ratio | -3.26 | -2.35 | -1.11 | -1.40 | -0.98 | -0.63 |
| Asset Turnover | 0.48 | 0.48 | 0.50 | 0.49 | 0.50 | 0.49 |
| Inventory Turnover | 22.72 | 22.23 | 21.85 | 21.46 | 25.14 | 28.05 |
| Quick Ratio | 8.85 | 8.14 | 7.63 | 7.78 | 6.88 | 5.27 |
| Current Ratio | 9.18 | 8.45 | 7.86 | 8.04 | 7.09 | 5.42 |
| Return on Equity (ROE) | 5.47% | 6.74% | 9.17% | 8.16% | 12.24% | 10.45% |
| Return on Assets (ROA) | 2.74% | 3.36% | 4.98% | 4.62% | 7.07% | 5.78% |
| Return on Invested Capital (ROIC) | 4.98% | 6.31% | 8.69% | 8.36% | 12.75% | 10.56% |
| Return on Capital Employed (ROCE) | 4.70% | 5.80% | 8.40% | 8.00% | 12.10% | 10.10% |
| Earnings Yield | 5.09% | 8.50% | 9.84% | 7.92% | 11.81% | 8.32% |
| FCF Yield | 3.66% | 7.62% | 12.39% | 8.66% | 10.21% | 12.68% |
| Buyback Yield / Dilution | -4.06% | 2.47% | 1.86% | 1.55% | -1.62% |