Daktronics (DAKT) financial statements
Daktronics reported revenue of $839M in fiscal 2026, up 4.1% a year over 9 years.
Net income was $45M and the operating margin 7.3%, against 2.6% in 2017.
Free cash flow was $34M, and the company returned $26M in net buybacks.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Daktronics's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $587M | $611M | $570M | $609M | $482M | $611M | $754M | $818M | $756M | $839M |
| Cost of revenue | $446M | $465M | $439M | $470M | $361M | $494M | $603M | $596M | $561M | $610M |
| Gross profit | $140M | $146M | $130M | $139M | $121M | $117M | $151M | $222M | $195M | $229M |
| Research and development | $29M | $36M | $36M | $38M | $27M | $29M | $30M | $36M | $39M | $43M |
| Selling, general and admin | $96M | $98M | $99M | $101M | $77M | $84M | $95M | $100M | $124M | $125M |
| Operating income | $15M | $12M | -$5M | -$167,000 | $17M | $4M | $21M | $87M | $33M | $61M |
| Interest expense | $230,000 | $217,000 | $160,000 | $106,000 | $295,000 | $49,000 | $1M | $3M | $3M | $1M |
| Pre-tax income | $16M | $12M | -$5M | -$9,000 | $14M | $1M | $13M | $54M | -$6M | $58M |
| Income tax | $5M | $7M | -$4M | -$500,000 | $3M | $516,000 | $6M | $19M | $4M | $13M |
| Net income | $10M | $6M | -$958,000 | $491,000 | $11M | $592,000 | $7M | $35M | -$10M | $45M |
| EPS (diluted) | $0.23 | $0.12 | -$0.02 | $0.01 | $0.24 | $0.01 | $0.15 | $0.74 | -$0.21 | $0.92 |
| Diluted shares | 44M | 45M | 45M | 45M | 45M | 45M | 46M | 47M | 48M | 49M |
| Gross margin | 23.9% | 23.9% | 22.9% | 22.8% | 25.0% | 19.1% | 20.1% | 27.2% | 25.8% | 27.3% |
| Operating margin | 2.6% | 2.0% | -0.8% | -0.0% | 3.5% | 0.7% | 2.8% | 10.6% | 4.4% | 7.3% |
| Net margin | 1.8% | 0.9% | -0.2% | 0.1% | 2.3% | 0.1% | 0.9% | 4.2% | -1.3% | 5.4% |
Balance sheet
Fiscal years, from Daktronics's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $65M | $64M | $62M | $42M | $78M | $21M | $25M | $81M | $128M | $132M |
| Receivables | $79M | $77M | $65M | $73M | $68M | $101M | $110M | $117M | $93M | $119M |
| Inventory | $66M | $75M | $79M | $87M | $74M | $134M | $149M | $138M | $106M | $110M |
| Total current assets | $258M | $264M | $254M | $252M | $265M | $318M | $343M | $402M | $381M | $448M |
| Property, plant and equipment | $67M | $68M | $65M | $67M | $59M | $67M | $72M | $72M | $74M | $64M |
| Goodwill | $8M | $8M | $8M | $8M | $8M | $8M | $3M | $3M | $3M | $4M |
| Total assets | $355M | $359M | $349M | $373M | $375M | $441M | $468M | $528M | $503M | $554M |
| Total current liabilities | $131M | $131M | $134M | $146M | $147M | $214M | $210M | $192M | $172M | $194M |
| Long-term debt | — | — | — | — | — | — | $18M | $53M | $10M | $10M |
| Total liabilities | $157M | $161M | $162M | $196M | $182M | $249M | $267M | $289M | $231M | $254M |
| Shareholders' equity | $198M | $198M | $188M | $177M | $194M | $192M | $201M | $239M | $272M | $301M |
| Net debt | -$33M | -$30M | -$35M | -$40M | -$78M | -$17M | -$6M | -$27M | -$116M | -$121M |
Cash flow
Fiscal years, from Daktronics's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $39M | $30M | $30M | $11M | $66M | -$27M | $15M | $63M | $98M | $49M |
| Capital spending | $9M | $18M | $17M | $18M | $8M | $20M | $25M | $17M | $19M | $15M |
| Free cash flow | $31M | $12M | $12M | -$7M | $58M | -$47M | -$10M | $46M | $78M | $34M |
| Stock-based compensation | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $5M |
| Dividends paid | $14M | $12M | $13M | $9M | $0 | $0 | — | — | — | — |
| Share buybacks (net) | -$2M | $0 | $0 | -$6M | $0 | -$3M | $0 | $0 | -$29M | -$26M |
| Net borrowing | -$921,000 | -$1M | -$450,000 | -$2M | -$460,000 | -$200,000 | $928,000 | -$410,000 | -$414,000 | -$104,000 |
| Free cash flow margin | 5.3% | 2.0% | 2.2% | -1.2% | 12.1% | -7.8% | -1.4% | 5.7% | 10.3% | 4.1% |
| Dividends per share | $0.31 | $0.28 | $0.28 | $0.20 | — | — | — | — | — | — |
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Open DAKT in InvestinglyQuestions
What was Daktronics's revenue in 2026?
$839M in fiscal 2026, from its 10-K filing.
How much free cash flow does Daktronics generate?
$34M in fiscal 2026 (operating cash flow minus capital spending).
From Daktronics's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.