NASDAQ : RELL
Richardson Electronics, Ltd. — Financial statements
Technology · Electronic Components · United States
Last price 20.93 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 311.37M
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Financial statements
Richardson Electronics, Ltd. (RELL) reported revenue of 238.88M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 238.88M | 228.56M | 208.91M | 196.46M | 262.66M | 224.62M |
| Cost of Revenue | 161.97M | 157.22M | 145.53M | 136.49M | 178.97M | 152.92M |
| Gross Profit | 76.91M | 71.35M | 63.38M | 59.97M | 83.69M | 71.70M |
| Selling, General & Admin | 63.33M | 61.92M | 58.17M | 55.25M | 55.01M | 52.32M |
| Amortization of Goodwill & Intangibles | 100.00K | 100.00K | 200.00K | 300.00K | 300.00K | 200.00K |
| Operating Expenses | 67.13M | 65.72M | 62.17M | 59.55M | 58.71M | 55.72M |
| Operating Income | 9.78M | 5.63M | 1.21M | 418.00K | 24.98M | 15.98M |
| Interest & Investment Income | 496.00K | 544.00K | 392.00K | 284.00K | 295.00K | 80.00K |
| Currency Exchange Gain (Loss) | -929.00K | -452.00K | 496.00K | -436.00K | -278.00K | -273.00K |
| Other Non Operating Income (Expenses) | 17.00K | 22.00K | 44.00K | -39.00K | 30.00K | -5.00K |
| EBT Excluding Unusual Items | 9.36M | 5.74M | 2.14M | 227.00K | 25.02M | 15.78M |
| Gain (Loss) on Sale of Assets | 834.00K | 834.00K | -3.15M | -70.00K | 7.00K | -20.00K |
| Asset Writedown | -525.00K | |||||
| Other Unusual Items | 900.00K | |||||
| Pretax Income | 10.20M | 7.48M | -1.53M | 157.00K | 25.03M | 15.76M |
| Income Tax Expense | 1.66M | 1.09M | -388.00K | 96.00K | 2.70M | -2.17M |
| Earnings From Continuing Operations | 8.53M | 6.38M | -1.14M | 61.00K | 22.33M | 17.93M |
| Net Income | 8.53M | 6.38M | -1.14M | 61.00K | 22.33M | 17.93M |
| Net Income to Common | 8.53M | 6.38M | -1.14M | 61.00K | 22.33M | 17.93M |
| Shares Outstanding (Basic) | 14.60M | 14.53M | 14.35M | 14.27M | 13.99M | 13.47M |
| Shares Outstanding (Diluted) | 14.85M | 14.73M | 14.35M | 14.52M | 14.59M | 13.90M |
| EPS (Basic) | 0.58 | 0.44 | -0.08 | 0.00 | 1.60 | 1.33 |
| EPS (Diluted) | 0.57 | 0.43 | -0.08 | 0.00 | 1.53 | 1.29 |
| Free Cash Flow | 213.00K | -3.62M | 7.74M | 2.48M | -15.58M | -1.21M |
| Free Cash Flow Per Share | 0.01 | -0.25 | 0.54 | 0.17 | -1.07 | -0.09 |
| Dividend Per Share | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| Gross Margin | 32.20% | 31.21% | 30.34% | 30.52% | 31.86% | 31.92% |
| Operating Margin | 4.09% | 2.46% | 0.58% | 0.21% | 9.51% | 7.11% |
| Profit Margin | 3.57% | 2.79% | -0.55% | 0.03% | 8.50% | 7.98% |
| Free Cash Flow Margin | 0.09% | -1.58% | 3.71% | 1.26% | -5.93% | -0.54% |
| EBITDA | 13.50M | 9.42M | 5.21M | 4.72M | 28.65M | 19.40M |
| EBITDA Margin | 5.65% | 4.12% | 2.49% | 2.40% | 10.91% | 8.64% |
| D&A For EBITDA | 3.73M | 3.79M | 4.00M | 4.31M | 3.67M | 3.42M |
| EBIT | 9.78M | 5.63M | 1.21M | 418.00K | 24.98M | 15.98M |
| EBIT Margin | 4.09% | 2.46% | 0.58% | 0.21% | 9.51% | 7.11% |
| Effective Tax Rate | 16.30% | 14.64% | 61.15% | 10.78% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 36.91M | 31.78M | 35.90M | 24.26M | 24.98M | 35.49M |
| Short-Term Investments | 5.00M | |||||
| Cash & Short-Term Investments | 36.91M | 31.78M | 35.90M | 24.26M | 24.98M | 40.49M |
| Accounts Receivable | 34.94M | 33.16M | 24.12M | 24.84M | 30.07M | 29.88M |
| Receivables | 34.94M | 33.16M | 24.12M | 24.84M | 30.07M | 29.88M |
| Inventory | 103.28M | 103.02M | 102.80M | 110.15M | 110.40M | 80.39M |
| Prepaid Expenses | 4.44M | 4.77M | 3.07M | 2.40M | 2.63M | 2.45M |
| Total Current Assets | 179.57M | 172.73M | 165.89M | 161.65M | 168.08M | 153.21M |
| Property, Plant & Equipment | 23.33M | 20.39M | 20.63M | 23.44M | 23.28M | 20.20M |
| Other Intangible Assets | 270.00K | 285.00K | 345.00K | 1.64M | 1.89M | 2.01M |
| Long-Term Deferred Tax Assets | 8.30M | 8.35M | 8.74M | 5.50M | 4.53M | 4.40M |
| Other Long-Term Assets | 223.00K | 263.00K | 228.00K | 209.00K | 267.00K | |
| Total Assets | 211.69M | 202.02M | 195.84M | 192.44M | 198.05M | 179.82M |
| Accounts Payable | 22.65M | 19.59M | 21.34M | 15.46M | 23.54M | 23.99M |
| Accrued Expenses | 9.88M | 11.11M | 9.73M | 10.88M | 8.74M | 11.14M |
| Current Portion of Leases | 1.05M | 787.00K | 1.17M | 1.17M | 1.03M | 1.11M |
| Current Unearned Revenue | 5.05M | 4.88M | 4.54M | 4.52M | 3.28M | 4.97M |
| Total Current Liabilities | 38.63M | 36.37M | 36.79M | 32.03M | 36.59M | 41.21M |
| Long-Term Leases | 2.47M | 602.00K | 1.10M | 1.59M | 1.43M | 1.92M |
| Long-Term Deferred Tax Liabilities | 176.00K | 177.00K | 81.00K | 90.00K | 98.00K | 85.00K |
| Other Long-Term Liabilities | 1.19M | 1.17M | 1.20M | 781.00K | 612.00K | 766.00K |
| Total Liabilities | 42.47M | 38.32M | 39.18M | 34.49M | 38.73M | 43.97M |
| Common Stock | 744.00K | 731.00K | 720.00K | 715.00K | 710.00K | 685.00K |
| Additional Paid-In Capital | 79.56M | 76.95M | 74.44M | 72.74M | 70.95M | 66.33M |
| Retained Earnings | 85.46M | 82.28M | 79.34M | 83.73M | 87.04M | 68.03M |
| Comprehensive Income & Other | 3.46M | 3.74M | 2.15M | 764.00K | 615.00K | 800.00K |
| Shareholders' Equity | 169.22M | 163.70M | 156.66M | 157.95M | 159.32M | 135.85M |
| Total Liabilities & Equity | 211.69M | 202.02M | 195.84M | 192.44M | 198.05M | 179.82M |
| Total Debt | 3.52M | 1.39M | 2.28M | 2.76M | 2.46M | 3.02M |
| Net Cash (Debt) | 33.40M | 30.39M | 33.62M | 21.50M | 22.52M | 37.47M |
| Net Cash Per Share | 2.25 | 2.06 | 2.34 | 1.48 | 1.54 | 2.69 |
| Filing Date Shares Outstanding | 14.88M | 14.69M | 14.49M | 14.38M | 14.24M | 13.75M |
| Total Common Shares Outstanding | 14.88M | 14.62M | 14.41M | 14.30M | 14.19M | 13.70M |
| Working Capital | 140.94M | 136.36M | 129.10M | 129.62M | 131.49M | 112.00M |
| Book Value Per Share | 11.37 | 11.19 | 10.87 | 11.04 | 11.23 | 9.91 |
| Tangible Book Value | 168.96M | 163.42M | 156.31M | 156.31M | 157.43M | 133.84M |
| Tangible Book Value Per Share | 11.36 | 11.17 | 10.85 | 10.93 | 11.09 | 9.77 |
| Land | 2.66M | 1.53M | 1.53M | 1.53M | 1.39M | |
| Buildings | 28.64M | 28.52M | 27.89M | 24.21M | 23.00M | |
| Machinery | 26.26M | 23.63M | 31.15M | 30.04M | 27.40M | |
| Construction In Progress | 1.96M | 2.80M | 2.22M | 4.44M | 1.99M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 8.53M | 6.38M | -1.14M | 61.00K | 22.33M | 17.93M |
| Depreciation & Amortization | 3.73M | 3.79M | 4.00M | 4.31M | 3.67M | 3.42M |
| Loss (Gain) From Sale of Assets | -837.00K | -837.00K | 5.09M | 70.00K | -7.00K | 20.00K |
| Stock-Based Compensation | 1.68M | 1.62M | 1.54M | 1.33M | 936.00K | 654.00K |
| Other Operating Activities | 1.95M | 1.53M | -3.71M | -702.00K | -78.00K | -3.58M |
| Change in Accounts Receivable | -8.00M | -8.91M | 130.00K | 5.30M | -363.00K | -6.18M |
| Change in Inventory | 673.00K | 742.00K | 206.00K | 66.00K | -30.45M | -20.57M |
| Change in Accounts Payable | -434.00K | -1.87M | 5.53M | -8.12M | -439.00K | 7.67M |
| Change in Other Net Operating Assets | -2.02M | -1.69M | -1.09M | 4.22M | -3.80M | 2.55M |
| Operating Cash Flow | 5.27M | 762.00K | 10.55M | 6.52M | -8.20M | 1.91M |
| Capital Expenditures | -5.05M | -4.38M | -2.81M | -4.04M | -7.38M | -3.12M |
| Sale of Property, Plant & Equipment | 1.30M | 1.30M | 6.83M | 194.00K | ||
| Investment in Securities | 5.00M | -5.00M | ||||
| Investing Cash Flow | -3.75M | -3.08M | 4.02M | -4.04M | -2.18M | -8.12M |
| Short-Term Debt Issued | 1.00M | 3.74M | ||||
| Total Debt Issued | 1.00M | 3.74M | ||||
| Short-Term Debt Repaid | -1.00M | -3.74M | ||||
| Total Debt Repaid | -1.00M | -3.74M | ||||
| Issuance of Common Stock | 3.05M | 993.00K | 320.00K | 591.00K | 3.78M | 2.99M |
| Common Dividends Paid | -3.46M | -3.44M | -3.41M | -3.38M | -3.32M | -3.19M |
| Other Financing Activities | -191.00K | -98.00K | -159.00K | -120.00K | -69.00K | -151.00K |
| Financing Cash Flow | -606.00K | -2.54M | -3.25M | -2.90M | 389.00K | -352.00K |
| Foreign Exchange Rate Adjustments | 354.00K | 743.00K | 309.00K | -296.00K | -520.00K | -1.26M |
| Net Cash Flow | 1.26M | -4.12M | 11.64M | -718.00K | -10.51M | -7.82M |
| Free Cash Flow | 213.00K | -3.62M | 7.74M | 2.48M | -15.58M | -1.21M |
| Free Cash Flow Margin | 0.09% | -1.58% | 3.71% | 1.26% | -5.93% | -0.54% |
| Free Cash Flow Per Share | 0.01 | -0.25 | 0.54 | 0.17 | -1.07 | -0.09 |
| Levered Free Cash Flow | -1.53M | -6.45M | 15.65M | 2.87M | -22.08M | -1.85M |
| Unlevered Free Cash Flow | -1.53M | -6.45M | 15.65M | 2.87M | -22.08M | -1.85M |
| Cash Income Tax Paid | 1.74M | 1.74M | 1.82M | 4.81M | 1.48M | |
| Change in Working Capital | -9.78M | -11.73M | 4.77M | 1.46M | -35.05M | -16.53M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 290.10M | 247.18M | 128.98M | 159.78M | 245.85M | 191.12M |
| Enterprise Value | 256.70M | 219.26M | 94.34M | 144.02M | 223.58M | 155.25M |
| Last Close Price | 19.50 | 16.93 | 8.73 | 10.69 | 16.26 | 12.91 |
| PE Ratio | 33.93 | 38.72 | 2,619.28 | 11.01 | 10.66 | |
| Forward PE | 26.17 | 46.52 | 179.00 | 36.10 | 18.90 | 15.37 |
| PS Ratio | 1.21 | 1.08 | 0.62 | 0.81 | 0.94 | 0.85 |
| PB Ratio | 1.71 | 1.51 | 0.82 | 1.01 | 1.54 | 1.41 |
| P/TBV Ratio | 1.72 | 1.51 | 0.82 | 1.02 | 1.56 | 1.43 |
| P/FCF Ratio | 1,361.96 | 16.66 | 64.35 | |||
| P/OCF Ratio | 55.07 | 324.38 | 12.22 | 24.49 | 100.01 | |
| PEG Ratio | 1.05 | 1.86 | 7.16 | 2.41 | 0.94 | 0.20 |
| EV/Sales Ratio | 1.07 | 0.96 | 0.45 | 0.73 | 0.85 | 0.69 |
| EV/EBITDA Ratio | 19.01 | 23.28 | 18.11 | 30.48 | 7.80 | 8.00 |
| EV/EBIT Ratio | 26.26 | 38.94 | 78.16 | 344.54 | 8.95 | 9.72 |
| EV/FCF Ratio | 1,205.17 | 12.19 | 58.00 | |||
| Debt / Equity Ratio | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 |
| Debt / EBITDA Ratio | 0.23 | 0.13 | 0.33 | 0.43 | 0.08 | 0.14 |
| Debt / FCF Ratio | 16.53 | 0.29 | 1.11 | |||
| Net Debt / Equity Ratio | -0.20 | -0.19 | -0.21 | -0.14 | -0.14 | -0.28 |
| Net Debt / EBITDA Ratio | -2.47 | -3.23 | -6.46 | -4.55 | -0.79 | -1.93 |
| Net Debt / FCF Ratio | -156.78 | 8.39 | -4.34 | -8.66 | 1.45 | 30.99 |
| Asset Turnover | 1.16 | 1.15 | 1.08 | 1.01 | 1.39 | 1.33 |
| Inventory Turnover | 1.56 | 1.53 | 1.37 | 1.24 | 1.88 | 2.12 |
| Quick Ratio | 1.86 | 1.79 | 1.63 | 1.53 | 1.50 | 1.71 |
| Current Ratio | 4.65 | 4.75 | 4.51 | 5.05 | 4.59 | 3.72 |
| Return on Equity (ROE) | 5.19% | 3.98% | -0.73% | 0.04% | 15.13% | 13.93% |
| Return on Assets (ROA) | 2.97% | 1.77% | 0.39% | 0.13% | 8.26% | 5.93% |
| Return on Invested Capital (ROIC) | 6.08% | 3.75% | 0.93% | 0.12% | 18.95% | 17.85% |
| Return on Capital Employed (ROCE) | 5.60% | 3.40% | 0.80% | 0.30% | 15.50% | 11.50% |
| Earnings Yield | 2.95% | 2.58% | -0.89% | 0.04% | 9.08% | 9.38% |
| FCF Yield | 0.07% | -1.47% | 6.00% | 1.55% | -6.34% | -0.63% |
| Dividend Yield | 1.23% | 1.42% | 2.68% | 2.15% | 1.39% | 1.72% |
| Payout Ratio | 41.76% | 53.88% | 5,534.43% | 14.87% | 17.81% | |
| Buyback Yield / Dilution | -3.15% | -2.68% | 1.16% | 0.54% | -4.96% | -4.86% |
| Total Shareholder Return | -1.92% | -1.26% | 3.84% | 2.69% | -3.57% | -3.14% |