SMID (SMID) financial statements
SMID reported revenue of $93M in fiscal 2025, up 9.9% a year over 9 years.
Net income was $13M and the operating margin 18.2%, against 10.8% in 2016.
Free cash flow was $5M.
The diluted share count rose 5% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SMID's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40M | $42M | $40M | $47M | $44M | $51M | $50M | $60M | $79M | $93M |
| Cost of revenue | $30M | $30M | $30M | $37M | $33M | $36M | $41M | $49M | $58M | $67M |
| Gross profit | $10M | $11M | $10M | $10M | $11M | $14M | $9M | $11M | $20M | $26M |
| Selling, general and admin | $6M | $8M | $8M | $7M | $7M | $8M | $9M | $10M | $10M | $9M |
| Operating income | $4M | $4M | $2M | $3M | $4M | $6M | $854,000 | $1M | $10M | $17M |
| Interest expense | $162,000 | $184,000 | $176,000 | $179,000 | $217,000 | $190,000 | $260,000 | $255,000 | $231,000 | $225,000 |
| Pre-tax income | $4M | $4M | $2M | $2M | $4M | $9M | $945,000 | $1M | $10M | $17M |
| Income tax | $1M | $1M | $572,000 | $549,000 | $1M | $2M | $145,000 | $528,000 | $2M | $5M |
| Net income | $3M | $3M | $2M | $2M | $3M | $8M | $800,000 | $795,000 | $8M | $13M |
| EPS (diluted) | $0.56 | $0.53 | $0.33 | $0.38 | $0.51 | $1.43 | $0.15 | $0.15 | $1.45 | $2.36 |
| Diluted shares | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M |
| Gross margin | 25.8% | 27.5% | 26.1% | 21.4% | 25.2% | 28.5% | 18.9% | 17.9% | 25.5% | 27.9% |
| Operating margin | 10.8% | 8.9% | 5.5% | 5.5% | 8.6% | 12.2% | 1.7% | 1.9% | 12.6% | 18.2% |
| Net margin | 7.1% | 6.4% | 4.2% | 4.2% | 6.1% | 14.9% | 1.6% | 1.3% | 9.8% | 13.4% |
Balance sheet
Fiscal years, from SMID's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $4M | $3M | $3M | $10M | $13M | $7M | $9M | $8M | $12M |
| Receivables | $7M | $9M | $12M | $13M | $10M | $10M | $16M | $17M | $19M | $27M |
| Total current assets | $15M | $19M | $22M | $19M | $23M | $28M | $29M | $33M | $36M | $49M |
| Property, plant and equipment | $8M | $10M | $14M | $18M | $19M | $22M | $25M | $28M | $32M | $38M |
| Total assets | $23M | $29M | $41M | $42M | $46M | $53M | $54M | $61M | $68M | $88M |
| Total current liabilities | $5M | $8M | $12M | $10M | $9M | $14M | $11M | $16M | $15M | $14M |
| Total liabilities | $9M | $12M | $23M | $21M | $23M | $22M | $21M | $27M | $26M | $33M |
| Shareholders' equity | $14M | $17M | $19M | $21M | $24M | $32M | $33M | $34M | $42M | $54M |
| Net debt | -$4M | -$3M | -$2M | -$1M | -$9M | -$13M | -$7M | -$9M | -$8M | -$12M |
Cash flow
Fiscal years, from SMID's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4M | $3M | $8M | $4M | $7M | $9M | -$6M | $8M | $5M | $14M |
| Capital spending | $4M | $3M | $5M | $5M | $3M | $5M | $3M | $5M | $6M | $9M |
| Free cash flow | $250,000 | $185,000 | $3M | -$581,000 | $5M | $4M | -$9M | $3M | -$1M | $5M |
| Stock-based compensation | $0 | $411,000 | $242,000 | $270,000 | $163,000 | $531,000 | $505,000 | $375,000 | $45,000 | $59,000 |
| Dividends paid | $0 | $49,000 | $256,000 | $281,000 | $282,000 | $0 | — | — | — | — |
| Net borrowing | — | — | — | — | — | — | — | -$619,000 | -$635,000 | -$647,000 |
| Free cash flow margin | 0.6% | 0.4% | 8.1% | -1.2% | 11.1% | 7.4% | -18.1% | 4.6% | -1.3% | 5.3% |
| Dividends per share | — | $0.01 | $0.05 | $0.05 | $0.05 | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for SMID.
Open SMID in InvestinglyQuestions
What was SMID's revenue in 2025?
$93M in fiscal 2025, from its 10-K filing.
How much free cash flow does SMID generate?
$5M in fiscal 2025 (operating cash flow minus capital spending).
From SMID's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.