Amtech Systems (ASYS) financial statements
Amtech Systems reported revenue of $79M in fiscal 2025, down 4.5% a year over 9 years.
Net income was -$30M and the operating margin -35.9%, against -6.6% in 2016.
Free cash flow was $7M.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Amtech Systems's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120M | $83M | $100M | $85M | $65M | $85M | $106M | $113M | $101M | $79M |
| Cost of revenue | $86M | $52M | $63M | $52M | $41M | $51M | $67M | $73M | $64M | $52M |
| Gross profit | $34M | $31M | $37M | $33M | $24M | $35M | $40M | $36M | $36M | $27M |
| Research and development | $10M | $3M | $3M | $3M | $4M | $6M | $6M | — | — | — |
| Selling, general and admin | $34M | $25M | $26M | $24M | $21M | $25M | $28M | $42M | $34M | $29M |
| Operating income | -$8M | $4M | $6M | $5M | -$485,000 | $4M | $17M | -$15M | -$7M | -$28M |
| Interest expense | — | — | — | — | — | $239,000 | $164,000 | $520,000 | $557,000 | $26,000 |
| Pre-tax income | -$5M | $4M | $10M | $6M | -$3M | $3M | $19M | -$15M | -$8M | -$28M |
| Income tax | $3M | $1M | $3M | $3M | $791,000 | $2M | $1M | -$3M | $975,000 | $2M |
| Net income | -$7M | $9M | $5M | -$5M | -$16M | $2M | $17M | -$13M | -$8M | -$30M |
| EPS (diluted) | -$0.53 | $0.68 | $0.35 | -$0.36 | -$1.11 | $0.11 | $1.22 | -$0.89 | -$0.60 | -$2.12 |
| Diluted shares | 13M | 14M | 15M | 14M | 14M | 14M | 14M | 14M | 14M | 14M |
| Gross margin | 28.3% | 37.4% | 36.9% | 39.2% | 37.3% | 40.5% | 37.2% | 31.4% | 35.8% | 34.0% |
| Operating margin | -6.6% | 4.4% | 6.1% | 5.8% | -0.7% | 4.4% | 16.3% | -13.2% | -6.6% | -35.9% |
| Net margin | -5.8% | 11.0% | 5.3% | -6.1% | -24.0% | 1.8% | 16.3% | -11.1% | -8.4% | -38.2% |
Balance sheet
Fiscal years, from Amtech Systems's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $51M | $46M | $53M | $45M | $33M | $47M | $13M | $11M | $18M |
| Receivables | $18M | $23M | $18M | $13M | $11M | $22M | $25M | $26M | $22M | $20M |
| Inventory | $23M | $30M | $18M | $18M | $17M | $22M | $25M | $35M | $27M | $19M |
| Total current assets | $83M | $157M | $130M | $108M | $77M | $81M | $103M | $81M | $65M | $60M |
| Property, plant and equipment | $16M | $16M | $11M | $10M | $12M | $14M | $7M | $10M | $12M | $10M |
| Goodwill | $11M | $11M | $7M | $7M | $7M | $11M | $11M | $28M | $21M | $908,000 |
| Total assets | $118M | $192M | $149M | $126M | $102M | $117M | $134M | $137M | $119M | $93M |
| Total current liabilities | $38M | $86M | $48M | $31M | $7M | $15M | $23M | $30M | $20M | $20M |
| Long-term debt | $9M | $8M | $6M | $5M | $5M | $4M | $220,000 | $8M | $189,000 | $168,000 |
| Total liabilities | $53M | $101M | $56M | $39M | $21M | $31M | $35M | $49M | $37M | $39M |
| Shareholders' equity | $67M | $90M | $93M | $87M | $82M | $86M | $98M | $88M | $82M | $53M |
| Net debt | -$17M | -$43M | -$40M | -$47M | -$40M | -$28M | -$47M | -$5M | -$11M | -$18M |
Cash flow
Fiscal years, from Amtech Systems's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10M | $34M | -$14M | $173,000 | -$2M | -$6M | $5M | -$8M | $10M | $8M |
| Capital spending | $978,000 | $1M | $1M | $714,000 | $3M | $3M | $1M | $3M | $5M | $950,000 |
| Free cash flow | -$11M | $33M | -$15M | -$541,000 | -$4M | -$9M | $4M | -$11M | $5M | $7M |
| Stock-based compensation | $1M | $1M | $855,000 | $573,000 | $326,000 | $401,000 | $543,000 | $1M | $2M | $1M |
| Share buybacks (net) | $0 | $0 | -$4M | — | -$2M | — | -$4M | — | — | — |
| Net borrowing | $406,000 | $81,000 | -$368,000 | -$367,000 | -$379,000 | -$380,000 | -$5M | $11M | -$11M | -$93,000 |
| Free cash flow margin | -8.9% | 39.5% | -15.3% | -0.6% | -6.6% | -10.5% | 3.8% | -9.4% | 4.9% | 8.7% |
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Open ASYS in InvestinglyQuestions
What was Amtech Systems's revenue in 2025?
$79M in fiscal 2025, from its 10-K filing.
How much free cash flow does Amtech Systems generate?
$7M in fiscal 2025 (operating cash flow minus capital spending).
From Amtech Systems's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.