SIF (SIF) financial statements
SIF reported revenue of $85M in fiscal 2025, down 3.7% a year over 9 years.
Net income was -$729,000 and the operating margin 0.2%, against -10.1% in 2016.
Free cash flow was -$357,000.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SIF's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $119M | $121M | $111M | $112M | $114M | $100M | $84M | $66M | $80M | $85M |
| Cost of revenue | $107M | $108M | $101M | $102M | $94M | $88M | $86M | $63M | $74M | $74M |
| Gross profit | $12M | $13M | $10M | $11M | $20M | $11M | -$2M | $3M | $6M | $11M |
| Research and development | $0 | $0 | $0 | $0 | — | — | — | — | $0 | $0 |
| Selling, general and admin | $17M | $18M | $15M | $15M | $14M | $13M | $12M | $12M | $11M | $10M |
| Operating income | -$12M | -$12M | -$6M | -$7M | $10M | -$1M | -$14M | -$9M | -$5M | $180,000 |
| Interest expense | $2M | $2M | $2M | $1M | $886,000 | $638,000 | $645,000 | $1M | $3M | $2M |
| Pre-tax income | -$13M | -$13M | -$8M | -$8M | $9M | -$2M | -$10M | -$11M | -$9M | -$748,000 |
| Income tax | -$2M | $1M | -$361,000 | -$701,000 | -$211,000 | -$1M | -$43,000 | $16,000 | $37,000 | $185,000 |
| Net income | -$11M | -$14M | -$7M | -$8M | $9M | -$743,000 | -$10M | -$9M | -$5M | -$729,000 |
| EPS (diluted) | -$2.07 | -$2.59 | -$1.30 | -$1.35 | $1.59 | -$0.13 | -$1.65 | -$1.47 | -$0.90 | -$0.12 |
| Diluted shares | 5M | 5M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M |
| Gross margin | 10.1% | 11.0% | 9.1% | 9.5% | 17.6% | 11.3% | -2.2% | 5.1% | 7.5% | 12.5% |
| Operating margin | -10.1% | -9.5% | -5.3% | -6.3% | 8.9% | -1.1% | -16.8% | -13.6% | -6.5% | 0.2% |
| Net margin | -9.5% | -11.7% | -6.4% | -6.7% | 8.1% | -0.7% | -11.5% | -13.2% | -6.8% | -0.9% |
Balance sheet
Fiscal years, from SIF's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $471,000 | $1M | $1M | $341,000 | $427,000 | $346,000 | $1M | $21,000 | $2M | $491,000 |
| Receivables | $25M | $26M | $28M | $23M | — | — | $17M | $16M | $17M | — |
| Inventory | $28M | $20M | $18M | $11M | $16M | $13M | $9M | $5M | $6M | $4M |
| Total current assets | $58M | $52M | $50M | $49M | $55M | $48M | $39M | $41M | $54M | $35M |
| Property, plant and equipment | $49M | $40M | $35M | $40M | $44M | $43M | $39M | $29M | $26M | $22M |
| Goodwill | $12M | $12M | $12M | $3M | $3M | $3M | $3M | $3M | $3M | $3M |
| Total assets | $130M | $111M | $102M | $96M | $122M | $111M | $97M | $96M | $105M | $73M |
| Total current liabilities | $51M | $46M | $48M | $47M | $43M | $36M | $33M | $41M | $54M | $22M |
| Long-term debt | $8M | $5M | $2M | $2M | $5M | $3M | $4M | $2M | $0 | $51,000 |
| Total liabilities | $70M | $61M | $58M | $60M | $76M | $61M | $57M | $62M | $74M | $37M |
| Shareholders' equity | $60M | $50M | $44M | $36M | $46M | $50M | $41M | $34M | $30M | $37M |
| Net debt | $25M | $11M | $7M | $7M | $11M | $12M | $7M | $6M | $22M | -$440,000 |
Cash flow
Fiscal years, from SIF's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12M | $12M | $1M | $6M | $449,000 | $4M | $298,000 | -$1M | -$3M | $127,000 |
| Capital spending | $2M | $2M | $3M | $9M | $9M | $5M | $3M | $1M | $2M | $484,000 |
| Free cash flow | $10M | $10M | -$2M | -$4M | -$9M | -$1M | -$3M | -$2M | -$5M | -$357,000 |
| Dividends paid | $0 | — | — | — | — | — | — | — | — | — |
| Share buybacks (net) | — | — | $0 | -$62,000 | $0 | — | — | — | — | — |
| Net borrowing | — | -$14M | -$4M | $81,000 | $5M | -$405,000 | $1M | -$240,000 | $3M | $0 |
| Free cash flow margin | 8.3% | 8.0% | -1.4% | -3.3% | -7.6% | -1.1% | -3.5% | -3.8% | -5.8% | -0.4% |
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Open SIF in InvestinglyQuestions
What was SIF's revenue in 2025?
$85M in fiscal 2025, from its 10-K filing.
How much free cash flow does SIF generate?
-$357,000 in fiscal 2025 (operating cash flow minus capital spending).
From SIF's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.