BK Technologies (BKTI) financial statements
BK Technologies reported revenue of $86M in fiscal 2025, up 6.1% a year over 9 years.
Net income was $14M and the operating margin 18.6%, against 8.5% in 2016.
Free cash flow was $18M, and the company returned $1M in net buybacks.
The diluted share count rose 42% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from BK Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51M | $39M | $49M | $40M | $44M | $45M | $51M | $74M | $77M | $86M |
| Cost of revenue | $34M | $30M | $29M | $24M | $26M | $29M | $41M | $52M | $48M | $44M |
| Gross profit | $17M | $10M | $20M | $16M | $18M | $16M | $10M | $22M | $29M | $42M |
| Research and development | $4M | $5M | $8M | $10M | $8M | — | $10M | $9M | $8M | $11M |
| Selling, general and admin | $13M | $15M | $18M | $20M | $17M | $17M | $21M | $23M | $21M | $26M |
| Operating income | $4M | -$5M | $2M | -$4M | $994,000 | -$1M | -$11M | -$777,000 | $8M | $16M |
| Interest expense | — | — | — | — | $8,000 | $53,000 | $144,000 | $575,000 | $266,000 | -$265,000 |
| Pre-tax income | $4M | -$5M | -$472,000 | -$4M | $197,000 | -$2M | -$12M | -$2M | $7M | $16M |
| Income tax | $2M | -$2M | -$277,000 | -$987,000 | -$3,000 | -$187,000 | $0 | $54,000 | -$984,000 | $3M |
| Net income | $3M | -$4M | -$195,000 | -$3M | $194,000 | -$2M | -$12M | -$2M | $8M | $14M |
| EPS (diluted) | $0.95 | -$1.35 | -$0.05 | -$1.05 | $0.10 | -$0.55 | — | -$0.65 | $2.25 | $3.44 |
| Diluted shares | 3M | 3M | 0M | 3M | 3M | 3M | 0M | 3M | 4M | 4M |
| Gross margin | 33.7% | 24.2% | 40.5% | 39.0% | 40.8% | 35.8% | 19.3% | 30.0% | 37.9% | 48.8% |
| Operating margin | 8.5% | -12.8% | 4.9% | -10.9% | 2.3% | -2.6% | -21.7% | -1.0% | 10.2% | 18.6% |
| Net margin | 5.3% | -9.2% | -0.4% | -6.6% | 0.4% | -3.7% | -22.8% | -3.0% | 10.9% | 15.7% |
Balance sheet
Fiscal years, from BK Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $11M | $16M | $11M | $5M | $7M | $11M | $2M | $3M | $7M | $23M |
| Receivables | $3M | $6M | $6M | $4M | $6M | $8M | $11M | $8M | $7M | $7M |
| Inventory | $14M | $14M | $11M | $14M | $11M | $17M | $22M | $24M | $18M | $16M |
| Total current assets | $30M | $37M | $31M | $24M | $26M | $37M | $36M | $37M | $37M | $49M |
| Property, plant and equipment | $2M | $2M | $3M | $4M | $4M | $5M | $5M | $5M | $5M | $4M |
| Total assets | $43M | $43M | $39M | $38M | $39M | $50M | $49M | $49M | $51M | $64M |
| Total current liabilities | $6M | $10M | $10M | $9M | $9M | $12M | $23M | $20M | $14M | $12M |
| Long-term debt | — | — | — | — | — | $2M | $2M | — | — | — |
| Total liabilities | $7M | $11M | $11M | $15M | $15M | $18M | $29M | $28M | $22M | $19M |
| Shareholders' equity | $36M | $32M | $28M | $23M | $24M | $33M | $20M | $21M | $30M | $45M |
| Net debt | -$11M | -$7M | -$11M | -$5M | -$7M | -$8M | -$133,000 | -$3M | -$7M | -$23M |
Cash flow
Fiscal years, from BK Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11M | -$2M | $5M | -$2M | $4M | -$6M | -$9M | $2M | $13M | $19M |
| Capital spending | $1M | $628,000 | $1M | $2M | $946,000 | $2M | $2M | $2M | $1M | $1M |
| Free cash flow | $9M | -$3M | $4M | -$5M | $3M | -$9M | -$11M | -$462,000 | $12M | $18M |
| Stock-based compensation | $49,000 | $55,000 | $95,000 | $148,000 | $129,000 | $253,000 | $271,000 | $200,000 | — | — |
| Dividends paid | — | — | — | — | — | $1M | $2M | $0 | — | — |
| Share buybacks (net) | -$162,000 | -$648,000 | -$3M | -$1M | -$269,000 | $0 | — | — | $0 | -$1M |
| Net borrowing | — | — | — | — | — | — | — | -$63,000 | -$7M | $0 |
| Free cash flow margin | 18.4% | -7.4% | 7.9% | -12.3% | 7.9% | -19.2% | -21.1% | -0.6% | 15.1% | 21.4% |
| Dividends per share | — | — | — | — | — | $0.39 | $599.91 | — | — | — |
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Open BKTI in InvestinglyQuestions
What was BK Technologies's revenue in 2025?
$86M in fiscal 2025, from its 10-K filing.
How much free cash flow does BK Technologies generate?
$18M in fiscal 2025 (operating cash flow minus capital spending).
From BK Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.