BKTI BK Technologies Corp

Overview and Growth

In fiscal 2025, BK Technologies Corp recorded $86.14M of revenue, net income of $13.54M, and an operating cash inflow of $19.44M. At $86.14M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 12.5% above fiscal 2024 revenue of $76.59M, marking a year-over-year increase. The company reported diluted EPS of $3.44, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $2.25 in fiscal 2024, the current result was 52.9% higher. The revenue-to-assets relationship was 1.35x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $42.03M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 48.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operating income was $15.99M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 18.6%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $13.54M for the fiscal year. The final earnings result represented 15.7% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $16.12M of earnings, providing a bridge between the operating result and final net income. The pretax margin was 18.7%, relating income before taxes directly to revenue. The company recognized $2.58M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 16.0%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 30.3%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 21.2%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

The company held $63.76M of assets against $19.06M of liabilities and $44.70M of equity, revealing how the asset base was financed. Current assets were $48.97M against $11.64M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 4.21x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $22.79M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 195.8% of current liabilities, showing how much near-term coverage came from cash alone. The liabilities-to-assets relationship was 29.9%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 35.7%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 23.8% from $51.50M in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $19.44M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 1.44x, comparing cash generated by operations with the bottom-line earnings result. Capital spending was $1.04M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 5.3% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $18.40M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 21.4%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 28.9%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.