inTest (INTT) financial statements
inTest reported revenue of $114M in fiscal 2025, up 12.3% a year over 9 years.
Net income was -$3M and the operating margin -3.3%, against 10.3% in 2016.
Free cash flow was $6M.
The diluted share count rose 18% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from inTest's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40M | $67M | $79M | $61M | $54M | $85M | $117M | $123M | $131M | $114M |
| Cost of revenue | $20M | $32M | $39M | $31M | $30M | $44M | $63M | $66M | $75M | $65M |
| Gross profit | $20M | $35M | $39M | $29M | $24M | $41M | $53M | $57M | $55M | $49M |
| Research and development | $4M | $4M | $5M | $5M | $5M | $6M | $8M | $8M | $9M | $9M |
| Selling, general and admin | $13M | $20M | $22M | $21M | $19M | $27M | $35M | $39M | $41M | $39M |
| Operating income | $4M | $4M | $5M | $3M | -$1M | $8M | $11M | $10M | $3M | -$4M |
| Interest expense | — | — | — | — | — | $89,000 | $635,000 | $679,000 | $846,000 | $450,000 |
| Pre-tax income | $4M | $4M | $5M | $3M | -$1M | $8M | $10M | $11M | $3M | -$3M |
| Income tax | $2M | $3M | $2M | $282,000 | -$336,000 | $1M | $2M | $2M | $563,000 | -$695,000 |
| Net income | $3M | $975,000 | $3M | $2M | -$895,000 | $7M | $8M | $9M | $3M | -$3M |
| EPS (diluted) | $0.26 | $0.09 | $0.29 | $0.22 | -$0.09 | $0.68 | $0.78 | $0.79 | $0.24 | -$0.21 |
| Diluted shares | 10M | 10M | 10M | 10M | 10M | 11M | 11M | 12M | 12M | 12M |
| Gross margin | 50.7% | 51.9% | 50.2% | 48.2% | 44.8% | 48.6% | 45.7% | 46.2% | 42.4% | 43.0% |
| Operating margin | 10.3% | 5.4% | 6.6% | 4.2% | -2.3% | 10.0% | 9.2% | 8.5% | 2.6% | -3.3% |
| Net margin | 6.6% | 1.5% | 3.9% | 3.8% | -1.7% | 8.6% | 7.2% | 7.6% | 2.2% | -2.2% |
Balance sheet
Fiscal years, from inTest's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29M | $13M | $18M | $8M | $10M | $21M | $13M | $45M | $20M | $14M |
| Receivables | $5M | $12M | $11M | $9M | $8M | $17M | $21M | $18M | $29M | $26M |
| Inventory | $4M | $5M | $7M | $7M | $7M | $13M | $23M | $20M | $27M | $32M |
| Total current assets | $38M | $31M | $36M | $25M | $27M | $52M | $60M | $86M | $79M | $79M |
| Property, plant and equipment | $944,000 | $2M | $3M | $2M | $2M | $3M | $3M | $3M | $4M | $5M |
| Goodwill | $2M | $14M | $14M | $14M | $14M | $21M | $22M | $22M | $31M | $32M |
| Total assets | $43M | $62M | $67M | $60M | $62M | $104M | $110M | $135M | $152M | $151M |
| Total current liabilities | $5M | $14M | $21M | $8M | $9M | $25M | $27M | $24M | $32M | $36M |
| Long-term debt | — | — | — | — | $0 | $16M | $12M | $8M | $8M | $1M |
| Total liabilities | $5M | $23M | $24M | $15M | $17M | $49M | $45M | $39M | $52M | $48M |
| Shareholders' equity | $38M | $39M | $43M | $45M | $45M | $55M | $65M | $96M | $100M | $104M |
| Net debt | -$29M | -$13M | -$18M | -$8M | -$10M | -$1M | $3M | -$33M | -$5M | -$7M |
Cash flow
Fiscal years, from inTest's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4M | $7M | $11M | -$8M | $3M | $11M | -$1M | $16M | $4M | $7M |
| Capital spending | $339,000 | $745,000 | $2M | $620,000 | $658,000 | $994,000 | $1M | $1M | $1M | $2M |
| Free cash flow | $4M | $6M | $9M | -$9M | $3M | $10M | -$3M | $15M | $2M | $6M |
| Stock-based compensation | $269,000 | $344,000 | $653,000 | $884,000 | $671,000 | $1M | $2M | $2M | $2M | $2M |
| Share buybacks (net) | -$978,000 | -$62,000 | — | -$1M | -$74,000 | $0 | — | $0 | -$1M | $0 |
| Net borrowing | — | — | — | — | — | — | — | — | -$8M | -$4M |
| Free cash flow margin | 9.8% | 9.7% | 11.1% | -14.9% | 4.8% | 11.6% | -2.4% | 12.1% | 1.9% | 5.0% |
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Open INTT in InvestinglyQuestions
What was inTest's revenue in 2025?
$114M in fiscal 2025, from its 10-K filing.
How much free cash flow does inTest generate?
$6M in fiscal 2025 (operating cash flow minus capital spending).
From inTest's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.