Kornit Digital (KRNT) financial statements
Kornit Digital reported revenue of $208M in fiscal 2025, up 8.4% a year over 9 years.
Net income was -$14M and the operating margin -16.6%, against 1.4% in 2016.
Free cash flow was $3M, and the company returned $26M in net buybacks.
The diluted share count rose 43% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kornit Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $101M | $12M | $17M | $23M | $28M | $39M | $49M | $220M | $204M | $208M |
| Cost of revenue | $59M | $60M | $73M | $98M | $106M | $170M | $175M | $153M | $112M | $116M |
| Gross profit | $49M | $54M | $70M | $82M | $88M | $152M | $96M | $67M | $92M | $92M |
| Research and development | $17M | $21M | $22M | $22M | $31M | $44M | $56M | $50M | $42M | $38M |
| Selling, general and admin | $31M | $35M | $42M | $52M | $63M | $95M | $110M | $104M | $87M | $89M |
| Operating income | $1M | -$2M | $6M | $8M | -$7M | $13M | -$70M | -$88M | -$37M | -$35M |
| Pre-tax income | $1M | -$2M | $7M | $11M | -$3M | $15M | -$56M | -$63M | -$15M | -$13M |
| Income tax | $648,000 | $384,000 | -$5M | $744,000 | $2M | -$135,000 | $23M | $970,000 | $2M | $865,000 |
| Net income | $828,000 | -$2M | $12M | $10M | -$5M | $16M | -$79M | -$64M | -$17M | -$14M |
| EPS (diluted) | $0.03 | -$0.06 | $0.35 | $0.26 | -$0.11 | $0.32 | -$1.59 | -$1.31 | -$0.35 | -$0.30 |
| Diluted shares | 32M | 34M | 35M | 39M | 42M | 49M | 50M | 49M | 47M | 45M |
| Gross margin | 49.0% | 445.9% | 419.8% | 352.7% | 309.0% | 385.9% | 196.9% | 30.5% | 45.0% | 44.3% |
| Operating margin | 1.4% | -17.2% | 33.7% | 32.6% | -23.7% | 32.5% | -142.6% | -39.8% | -18.3% | -16.6% |
| Net margin | 0.8% | -16.6% | 74.7% | 43.7% | -16.8% | 39.4% | -161.3% | -29.3% | -8.2% | -6.5% |
Balance sheet
Fiscal years, from Kornit Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $39M | $23M | $79M | $136M | $139M | $640M | $380M | $275M | $241M | $89M |
| Receivables | $32M | $23M | $22M | $41M | $52M | $286,000 | $67M | $94M | $65M | $61M |
| Inventory | $24M | $35M | $30M | $37M | $52M | $63M | $89M | $68M | $60M | $47M |
| Total current assets | $99M | $89M | $141M | $253M | $478M | $775M | $579M | $522M | $615M | $596M |
| Property, plant and equipment | $9M | $11M | $15M | $17M | $29M | $45M | $60M | $51M | $59M | $69M |
| Goodwill | $5M | $5M | $5M | $6M | $16M | $25M | $29M | $29M | $29M | $29M |
| Total assets | $140M | $178M | $215M | $405M | $629M | $1.0B | $958M | $866M | $787M | $771M |
| Total current liabilities | $30M | $26M | $33M | $46M | $90M | $97M | $65M | $50M | $44M | $42M |
| Total liabilities | $33M | $28M | $36M | $67M | $110M | $121M | $89M | $70M | $61M | $58M |
| Shareholders' equity | $107M | $151M | $179M | $338M | $519M | $920M | $869M | $796M | $727M | $713M |
| Net debt | -$23M | -$19M | -$74M | -$41M | -$126M | -$612M | -$105M | -$40M | -$35M | -$35M |
Cash flow
Fiscal years, from Kornit Digital's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $956,000 | $6M | $33M | $11M | $32M | $54M | -$99M | -$35M | $49M | $25M |
| Capital spending | $5M | $6M | $7M | $5M | $13M | $14M | $18M | $7M | $15M | $21M |
| Free cash flow | -$5M | $330,000 | $26M | $6M | $19M | $39M | -$117M | -$42M | $34M | $3M |
| Stock-based compensation | $3M | $4M | $6M | $7M | $10M | $15M | $23M | $23M | $22M | $22M |
| Share buybacks (net) | — | — | — | — | — | — | — | -$56M | -$84M | -$26M |
| Free cash flow margin | -4.5% | 2.7% | 156.7% | 24.0% | 66.6% | 99.5% | -239.5% | -19.0% | 16.5% | 1.6% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for KRNT.
Open KRNT in InvestinglyQuestions
What was Kornit Digital's revenue in 2025?
$208M in fiscal 2025, from its 10-K filing.
How much free cash flow does Kornit Digital generate?
$3M in fiscal 2025 (operating cash flow minus capital spending).
From Kornit Digital's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.