NYSEAMERICAN : BKTI
BK Technologies Corporation — Financial statements
Technology · Communication Equipment · United States
Last price 68.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 257.19M
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Financial statements
BK Technologies Corporation (BKTI) reported revenue of 90.63M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 90.63M | 86.14M | 76.59M | 74.09M | 50.95M | 45.36M |
| Cost of Revenue | 44.41M | 44.11M | 47.54M | 51.86M | 40.85M | 29.10M |
| Gross Profit | 46.21M | 42.03M | 29.05M | 22.24M | 10.10M | 16.26M |
| Selling, General & Admin | 16.86M | 15.47M | 13.38M | 23.01M | 20.28M | 17.46M |
| Research & Development | 13.16M | 10.57M | 7.84M | |||
| Operating Expenses | 30.02M | 26.04M | 21.22M | 23.01M | 20.28M | 17.46M |
| Operating Income | 16.19M | 15.99M | 7.83M | -777.00K | -10.18M | -1.20M |
| Interest Expense | -266.00K | -575.00K | -144.00K | -53.00K | ||
| Interest & Investment Income | 597.00K | 265.00K | ||||
| Other Non Operating Income (Expenses) | -55.00K | -135.00K | -98.00K | -84.00K | -96.00K | -86.00K |
| EBT Excluding Unusual Items | 16.73M | 16.12M | 7.46M | -1.44M | -10.42M | -1.33M |
| Gain (Loss) on Sale of Investments | -91.00K | -740.00K | -313.00K | -219.00K | ||
| Gain (Loss) on Sale of Assets | 12.00K | 2.00K | 1.00K | 40.00K | ||
| Asset Writedown | -900.00K | |||||
| Pretax Income | 16.75M | 16.12M | 7.38M | -2.18M | -11.63M | -1.51M |
| Income Tax Expense | 3.15M | 2.58M | -984.00K | 54.00K | 187.00K | |
| Net Income | 13.59M | 13.54M | 8.36M | -2.23M | -11.63M | -1.70M |
| Net Income to Common | 13.59M | 13.54M | 8.36M | -2.23M | -11.63M | -1.70M |
| Shares Outstanding (Basic) | 3.75M | 3.67M | 3.55M | 3.43M | 3.38M | 2.99M |
| Shares Outstanding (Diluted) | 4.01M | 3.94M | 3.71M | 3.43M | 3.38M | 2.99M |
| EPS (Basic) | 3.62 | 3.69 | 2.35 | -0.65 | -3.44 | -0.57 |
| EPS (Diluted) | 3.39 | 3.44 | 2.25 | -0.65 | -3.44 | -0.57 |
| Free Cash Flow | 19.64M | 18.40M | 11.53M | -462.00K | -10.75M | -8.72M |
| Free Cash Flow Per Share | 4.90 | 4.67 | 3.11 | -0.14 | -3.18 | -2.92 |
| Dividend Per Share | 0.45 | 0.45 | ||||
| Gross Margin | 50.99% | 48.79% | 37.93% | 30.01% | 19.82% | 35.85% |
| Operating Margin | 17.87% | 18.56% | 10.22% | -1.05% | -19.98% | -2.64% |
| Profit Margin | 15.00% | 15.71% | 10.91% | -3.01% | -22.83% | -3.75% |
| Free Cash Flow Margin | 21.68% | 21.36% | 15.05% | -0.62% | -21.10% | -19.22% |
| EBITDA | 18.57M | 17.77M | 9.52M | 858.00K | -8.76M | 198.00K |
| EBITDA Margin | 20.49% | 20.62% | 12.43% | 1.16% | -17.19% | 0.44% |
| D&A For EBITDA | 2.37M | 1.78M | 1.69M | 1.64M | 1.42M | 1.39M |
| EBIT | 16.19M | 15.99M | 7.83M | -777.00K | -10.18M | -1.20M |
| EBIT Margin | 17.87% | 18.56% | 10.22% | -1.05% | -19.98% | -2.64% |
| Effective Tax Rate | 18.83% | 16.01% | ||||
| Advertising Expenses | 621.00K | 496.00K | 478.00K | 145.00K | 243.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 29.92M | 22.79M | 7.08M | 3.46M | 1.92M | 10.58M |
| Cash & Short-Term Investments | 29.92M | 22.79M | 7.08M | 3.46M | 1.92M | 10.58M |
| Receivables | 12.19M | 7.22M | 7.35M | 7.90M | 10.62M | 8.23M |
| Inventory | 15.09M | 15.86M | 17.64M | 23.95M | 22.11M | 16.98M |
| Prepaid Expenses | 3.29M | 3.10M | 4.88M | 1.89M | 1.58M | 1.63M |
| Total Current Assets | 60.49M | 48.97M | 36.94M | 37.20M | 36.22M | 37.42M |
| Property, Plant & Equipment | 5.32M | 5.67M | 6.04M | 6.93M | 6.88M | 6.96M |
| Long-Term Investments | 742.00K | 1.48M | 1.79M | |||
| Other Intangible Assets | 2.78M | |||||
| Long-Term Deferred Tax Assets | 4.51M | 5.23M | 6.79M | 4.12M | 4.12M | 4.12M |
| Long-Term Deferred Charges | 3.42M | 1.32M | ||||
| Other Long-Term Assets | 582.00K | 471.00K | 410.00K | 422.00K | 143.00K | 98.00K |
| Total Assets | 73.68M | 63.76M | 51.50M | 49.41M | 48.83M | 50.38M |
| Accounts Payable | 7.98M | 4.78M | 6.33M | 9.82M | 12.90M | 5.88M |
| Accrued Expenses | 2.35M | 2.76M | 4.18M | 1.67M | 1.84M | 2.04M |
| Short-Term Debt | 6.48M | 5.85M | 1.47M | |||
| Current Portion of Long-Term Debt | 71.00K | 277.00K | 267.00K | |||
| Current Portion of Leases | 626.00K | 610.00K | 571.00K | 525.00K | 485.00K | 447.00K |
| Current Unearned Revenue | 2.77M | 2.73M | 1.89M | 1.14M | 1.02M | 1.04M |
| Other Current Liabilities | 673.00K | 760.00K | 1.01M | 722.00K | 591.00K | 1.04M |
| Total Current Liabilities | 14.40M | 11.64M | 13.97M | 20.42M | 22.97M | 12.19M |
| Long-Term Debt | 329.00K | 605.00K | ||||
| Long-Term Leases | 670.00K | 965.00K | 714.00K | 1.26M | 1.78M | 2.27M |
| Long-Term Unearned Revenue | 6.66M | 6.46M | 6.98M | 6.42M | 3.61M | 2.71M |
| Total Liabilities | 21.73M | 19.06M | 21.67M | 28.10M | 28.70M | 17.77M |
| Common Stock | 2.48M | 2.46M | 2.35M | 2.32M | 2.21M | 10.98M |
| Additional Paid-In Capital | 53.24M | 51.80M | 49.39M | 48.60M | 45.30M | 35.86M |
| Retained Earnings | 3.62M | -2.31M | -15.85M | -24.21M | -21.98M | -8.82M |
| Treasury Stock | -7.38M | -7.25M | -6.05M | -5.40M | -5.40M | -5.40M |
| Shareholders' Equity | 51.95M | 44.70M | 29.83M | 21.31M | 20.14M | 32.62M |
| Total Liabilities & Equity | 73.68M | 63.76M | 51.50M | 49.41M | 48.83M | 50.38M |
| Total Debt | 1.30M | 1.57M | 1.28M | 8.33M | 8.73M | 5.06M |
| Net Cash (Debt) | 28.62M | 21.21M | 5.79M | -4.88M | -6.81M | 5.52M |
| Net Cash Per Share | 7.14 | 5.39 | 1.56 | -1.42 | -2.01 | 1.85 |
| Filing Date Shares Outstanding | 3.77M | 3.79M | 3.57M | 3.53M | 3.40M | 3.37M |
| Total Common Shares Outstanding | 3.77M | 3.73M | 3.57M | 3.58M | 3.40M | 3.37M |
| Working Capital | 46.09M | 37.33M | 22.97M | 16.78M | 13.25M | 25.23M |
| Book Value Per Share | 13.79 | 11.97 | 8.35 | 5.96 | 5.93 | 9.68 |
| Tangible Book Value | 49.17M | 44.70M | 29.83M | 21.31M | 20.14M | 32.62M |
| Tangible Book Value Per Share | 13.05 | 11.97 | 8.35 | 5.96 | 5.93 | 9.68 |
| Machinery | 19.53M | 18.98M | 17.79M | 15.72M | 14.12M | |
| Leasehold Improvements | 741.00K | 704.00K | 659.00K | 614.00K | 586.00K | |
| Order Backlog | 14.20M | 21.80M | 16.00M | 27.00M | 13.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.59M | 13.54M | 8.36M | -2.23M | -11.63M | -1.70M |
| Depreciation & Amortization | 2.37M | 1.78M | 1.69M | 1.64M | 1.42M | 1.39M |
| Other Amortization | 75.00K | 150.00K | ||||
| Loss (Gain) From Sale of Assets | -12.00K | -2.00K | -1.00K | -40.00K | ||
| Loss (Gain) From Sale of Investments | 91.00K | 740.00K | 313.00K | 219.00K | ||
| Stock-Based Compensation | 2.04M | 1.93M | 780.00K | 1.34M | 675.00K | 559.00K |
| Provision & Write-off of Bad Debts | 97.00K | 59.00K | 122.00K | 170.00K | ||
| Other Operating Activities | 4.18M | 2.45M | -2.31M | 591.00K | 81.00K | 884.00K |
| Change in Accounts Receivable | -749.00K | 69.00K | 431.00K | 2.71M | -2.56M | -1.76M |
| Change in Inventory | 833.00K | 884.00K | 5.95M | -2.44M | -5.21M | -7.13M |
| Change in Accounts Payable | -1.85M | -1.55M | -3.50M | -3.08M | 7.01M | 764.00K |
| Change in Unearned Revenue | 1.20M | 323.00K | 1.31M | 2.92M | 884.00K | 443.00K |
| Change in Other Net Operating Assets | -797.00K | -36.00K | -241.00K | -695.00K | -162.00K | 72.00K |
| Operating Cash Flow | 20.90M | 19.44M | 12.77M | 1.66M | -9.00M | -6.30M |
| Capital Expenditures | -1.25M | -1.04M | -1.24M | -2.12M | -1.75M | -2.42M |
| Sale of Property, Plant & Equipment | 14.00K | 2.00K | 72.00K | |||
| Sale (Purchase) of Intangibles | -1.15M | -2.10M | -1.32M | |||
| Investing Cash Flow | -2.39M | -3.13M | -2.56M | -2.12M | -1.75M | -2.34M |
| Long-Term Debt Issued | 46.36M | 74.91M | 9.72M | 5.74M | ||
| Long-Term Debt Repaid | -52.98M | -74.97M | -5.61M | -3.73M | ||
| Net Debt Issued (Repaid) | -6.62M | -63.00K | 4.12M | 2.01M | ||
| Issuance of Common Stock | 881.00K | 598.00K | 32.00K | 2.06M | 11.56M | |
| Repurchase of Common Stock | -1.33M | -1.19M | ||||
| Common Dividends Paid | -2.03M | -1.17M | ||||
| Financing Cash Flow | -445.00K | -595.00K | -6.59M | 2.00M | 2.09M | 12.40M |
| Net Cash Flow | 18.06M | 15.71M | 3.62M | 1.54M | -8.66M | 3.75M |
| Free Cash Flow | 19.64M | 18.40M | 11.53M | -462.00K | -10.75M | -8.72M |
| Free Cash Flow Margin | 21.68% | 21.36% | 15.05% | -0.62% | -21.10% | -19.22% |
| Free Cash Flow Per Share | 4.90 | 4.67 | 3.11 | -0.14 | -3.18 | -2.92 |
| Levered Free Cash Flow | 12.90M | 11.87M | 8.65M | -2.29M | -7.21M | -8.05M |
| Unlevered Free Cash Flow | 12.90M | 11.87M | 8.82M | -1.93M | -7.12M | -8.02M |
| Cash Interest Paid | 357.00K | 660.00K | 190.00K | 53.00K | ||
| Cash Income Tax Paid | 2.25M | 3.12M | ||||
| Change in Working Capital | -1.37M | -306.00K | 3.95M | -574.00K | -28.00K | -7.62M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 256.96M | 278.39M | 122.18M | 42.26M | 56.39M | 40.52M |
| Enterprise Value | 228.34M | 257.78M | 119.43M | 46.66M | 59.87M | 31.67M |
| Last Close Price | 68.23 | 74.59 | 34.29 | 12.23 | 16.60 | 11.48 |
| PE Ratio | 20.10 | 20.57 | 14.62 | |||
| Forward PE | 20.11 | 23.75 | 12.08 | 13.45 | 13.45 | 13.45 |
| PS Ratio | 2.90 | 3.23 | 1.59 | 0.57 | 1.11 | 0.89 |
| PB Ratio | 4.95 | 6.23 | 4.10 | 1.98 | 2.80 | 1.24 |
| P/TBV Ratio | 5.34 | 6.23 | 4.10 | 1.98 | 2.80 | 1.24 |
| P/FCF Ratio | 13.37 | 15.13 | 10.60 | |||
| P/OCF Ratio | 12.56 | 14.32 | 9.57 | 25.53 | ||
| EV/Sales Ratio | 2.58 | 2.99 | 1.56 | 0.63 | 1.18 | 0.70 |
| EV/EBITDA Ratio | 12.60 | 14.51 | 12.55 | 54.38 | 159.93 | |
| EV/EBIT Ratio | 14.45 | 16.12 | 15.26 | |||
| EV/FCF Ratio | 11.91 | 14.01 | 10.36 | |||
| Debt / Equity Ratio | 0.03 | 0.04 | 0.04 | 0.39 | 0.43 | 0.15 |
| Debt / EBITDA Ratio | 0.07 | 0.09 | 0.13 | 5.44 | 5.61 | |
| Debt / FCF Ratio | 0.07 | 0.09 | 0.11 | |||
| Net Debt / Equity Ratio | -0.55 | -0.47 | -0.19 | 0.23 | 0.34 | -0.17 |
| Net Debt / EBITDA Ratio | -1.54 | -1.19 | -0.61 | 5.68 | -0.78 | -27.89 |
| Net Debt / FCF Ratio | -1.46 | -1.15 | -0.50 | -10.55 | -0.63 | 0.63 |
| Asset Turnover | 1.35 | 1.50 | 1.52 | 1.51 | 1.03 | 1.02 |
| Inventory Turnover | 2.75 | 2.63 | 2.29 | 2.25 | 2.09 | 2.12 |
| Quick Ratio | 2.92 | 2.58 | 1.03 | 0.56 | 0.55 | 1.54 |
| Current Ratio | 4.20 | 4.21 | 2.64 | 1.82 | 1.58 | 3.07 |
| Return on Equity (ROE) | 30.64% | 36.32% | 32.69% | -10.76% | -44.10% | -6.05% |
| Return on Assets (ROA) | 15.09% | 17.34% | 9.70% | -0.99% | -12.83% | -1.68% |
| Return on Invested Capital (ROIC) | 60.42% | 56.50% | 31.17% | -2.93% | -37.68% | -5.04% |
| Return on Capital Employed (ROCE) | 27.30% | 30.70% | 20.90% | -2.70% | -39.40% | -3.10% |
| Earnings Yield | 4.98% | 4.86% | 6.84% | -5.28% | -20.63% | -4.20% |
| FCF Yield | 7.48% | 6.61% | 9.44% | -1.09% | -19.06% | -21.51% |
| Dividend Yield | 2.71% | 3.74% | ||||
| Buyback Yield / Dilution | -3.38% | -6.09% | -8.29% | -1.31% | -13.18% | -18.95% |
| Total Shareholder Return | -3.38% | -6.09% | -8.29% | -1.31% | -10.47% | -15.20% |