PDEX (PDEX) financial statements
PDEX reported revenue of $78M in fiscal 2026, up 15.1% a year over 9 years.
Net income was $14M and the operating margin 16.8%, against 12.5% in 2017.
Free cash flow was $7M, and the company returned $3M in net buybacks.
The diluted share count fell 19% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PDEX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22M | $22M | $27M | $35M | $38M | $42M | $46M | $54M | $67M | $78M |
| Cost of revenue | $15M | $15M | $17M | $22M | $24M | $29M | $33M | $39M | $47M | $53M |
| Gross profit | $7M | $8M | $10M | $13M | $14M | $13M | $13M | $15M | $20M | $24M |
| Research and development | $1M | $2M | $2M | $2M | $4M | $3M | $3M | $3M | $4M | $3M |
| Selling, general and admin | $3M | $3M | $3M | $4M | $5M | $5M | $4M | $4M | $5M | $8M |
| Operating income | $3M | $2M | $5M | $7M | $5M | $5M | $6M | $7M | $11M | $13M |
| Interest expense | $12,000 | $7,000 | $220,000 | $236,000 | $352,000 | $464,000 | $533,000 | $558,000 | $829,000 | $812,000 |
| Pre-tax income | $3M | $3M | $5M | $8M | $8M | $6M | $9M | $3M | $12M | $18M |
| Income tax | -$2M | $989,000 | $1M | $2M | $1M | $1M | $2M | $507,000 | $3M | $4M |
| Net income | $5M | $2M | $4M | $6M | $6M | $5M | $7M | $2M | $9M | $14M |
| EPS (diluted) | $1.25 | $0.37 | $0.97 | $1.50 | $1.57 | $1.21 | $1.95 | $0.60 | $2.67 | $4.12 |
| Diluted shares | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 4M | 3M | 3M |
| Gross margin | 32.7% | 35.4% | 36.0% | 37.7% | 35.7% | 31.2% | 27.7% | 27.0% | 29.3% | 31.4% |
| Operating margin | 12.5% | 10.6% | 18.4% | 20.3% | 11.9% | 12.2% | 12.5% | 13.3% | 16.1% | 16.8% |
| Net margin | 23.2% | 7.2% | 15.3% | 17.5% | 16.2% | 10.9% | 15.3% | 4.0% | 13.5% | 17.6% |
Balance sheet
Fiscal years, from PDEX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $7M | $9M | $9M | $5M | $2M | $4M | $7M | $7M | $9M |
| Receivables | $4M | $3M | $4M | $5M | $11M | $15M | $10M | $14M | $16M | $21M |
| Inventory | $3M | $4M | $6M | $8M | $8M | $13M | $16M | $15M | $22M | $21M |
| Total current assets | $12M | $16M | $21M | $23M | $25M | $31M | $31M | $37M | $47M | $53M |
| Property, plant and equipment | $1M | $2M | $3M | $3M | $4M | $5M | $5M | $5M | $5M | $5M |
| Goodwill | $112,000 | — | — | — | — | — | — | — | — | $7M |
| Total assets | $16M | $20M | $26M | $31M | $40M | $49M | $52M | $52M | $61M | $75M |
| Total current liabilities | $3M | $2M | $4M | $5M | $6M | $11M | $10M | $13M | $15M | $13M |
| Long-term debt | $61,000 | $6,000 | $4M | $3M | $12M | — | — | — | — | — |
| Total liabilities | $3M | $3M | $9M | $12M | $20M | $24M | $20M | $22M | $25M | $27M |
| Shareholders' equity | $14M | $17M | $17M | $19M | $21M | $25M | $32M | $31M | $37M | $48M |
| Net debt | -$4M | -$5M | -$4M | -$3M | $8M | -$849,000 | -$3M | -$3M | -$419,000 | -$8M |
Cash flow
Fiscal years, from PDEX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3M | $3M | $3M | $5M | -$2M | -$847,000 | $5M | $6M | -$2M | $7M |
| Capital spending | $606,000 | $923,000 | $1M | $519,000 | $2M | $2M | $974,000 | $983,000 | $1M | $483,000 |
| Free cash flow | $3M | $2M | $2M | $4M | -$4M | -$2M | $4M | $5M | -$3M | $7M |
| Stock-based compensation | $3,000 | $194,000 | $37,000 | $286,000 | $901,000 | $1M | $766,000 | $605,000 | $555,000 | $688,000 |
| Share buybacks (net) | -$312,000 | -$220,000 | -$4M | -$3M | -$6M | -$2M | -$2M | -$4M | -$4M | -$3M |
| Net borrowing | — | — | $5M | — | $9M | $2M | $5M | — | — | — |
| Free cash flow margin | 12.0% | 9.7% | 7.1% | 12.7% | -10.1% | -5.9% | 9.7% | 9.7% | -4.4% | 8.7% |
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Open PDEX in InvestinglyQuestions
What was PDEX's revenue in 2026?
$78M in fiscal 2026, from its 10-K filing.
How much free cash flow does PDEX generate?
$7M in fiscal 2026 (operating cash flow minus capital spending).
From PDEX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.