PANL (PANL) financial statements
PANL reported revenue of $632M in fiscal 2025, up 11.5% a year over 9 years.
Net income was $19M and the operating margin 6.5%, against 5.4% in 2016.
The diluted share count rose 83% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PANL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $238M | $386M | $373M | $412M | $383M | $718M | $700M | $499M | $537M | $632M |
| Selling, general and admin | $13M | $15M | $16M | $17M | $16M | $19M | $20M | $23M | $25M | $31M |
| Operating income | $13M | $16M | $36M | $23M | $20M | $79M | $106M | $45M | $48M | $41M |
| Interest expense | $5M | $8M | $9M | $9M | $8M | $10M | $16M | $17M | $17M | $24M |
| Income tax | $198,000 | $428,000 | $356,000 | $458,000 | $578,000 | $605,000 | $443,000 | $417,000 | $389,000 | $366,000 |
| Net income | $7M | $8M | $18M | $12M | $11M | $67M | $79M | $26M | $29M | $19M |
| EPS (diluted) | $0.21 | $0.20 | $0.42 | $0.27 | $0.26 | $1.50 | $1.76 | $0.58 | $0.63 | $0.30 |
| Diluted shares | 35M | 39M | 43M | 43M | 44M | 45M | 45M | 45M | 46M | 65M |
| Operating margin | 5.4% | 4.2% | 9.7% | 5.6% | 5.1% | 11.0% | 15.1% | 8.9% | 9.0% | 6.5% |
| Net margin | 3.1% | 2.0% | 4.8% | 2.8% | 3.0% | 9.4% | 11.4% | 5.3% | 5.4% | 3.1% |
Balance sheet
Fiscal years, from PANL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $22M | $35M | $54M | $51M | $47M | $56M | $128M | $99M | $87M | $103M |
| Receivables | $16M | $21M | $28M | $28M | $29M | $54M | $37M | $48M | $42M | $56M |
| Inventory | $13M | $15M | $19M | $21M | $16M | $27M | $29M | $17M | $33M | $28M |
| Total current assets | $62M | $83M | $114M | $128M | $111M | $184M | $223M | $192M | $192M | $216M |
| Property, plant and equipment | $275M | $306M | $282M | $281M | $277M | $472M | $477M | $474M | $708M | $678M |
| Goodwill | — | — | — | — | — | — | $0 | $3M | $3M | $3M |
| Total assets | $362M | $423M | $453M | $480M | $450M | $707M | $748M | $705M | $936M | $928M |
| Total current liabilities | $78M | $70M | $79M | $91M | $111M | $112M | $92M | $105M | $109M | $128M |
| Long-term debt | — | $118M | $95M | $84M | $48M | $106M | $99M | $68M | $257M | $97M |
| Total liabilities | $186M | $213M | $220M | $237M | $216M | $406M | $380M | $335M | $462M | $453M |
| Shareholders' equity | $116M | $145M | $162M | $170M | $183M | $247M | $314M | $324M | $428M | $429M |
| Net debt | -$22M | $102M | $62M | $56M | $58M | $65M | -$14M | $160,169 | $170M | -$6M |
Cash flow
Fiscal years, from PANL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19M | $29M | $40M | $44M | $21M | $62M | $135M | $54M | $66M | $54M |
| Stock-based compensation | $601,921 | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $3M | $4M |
| Dividends paid | $100,000 | $1M | $2M | $8M | $535,153 | $6M | $13M | $18M | $19M | $16M |
| Net borrowing | -$22M | $10M | -$21M | — | — | — | — | — | — | — |
| Dividends per share | $0.00 | $0.03 | $0.05 | $0.19 | $0.01 | $0.12 | $0.30 | $0.40 | $0.41 | $0.25 |
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What was PANL's revenue in 2025?
$632M in fiscal 2025, from its 10-K filing.
From PANL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.