INTT INTEST CORP

Overview and Growth

In fiscal 2025, INTEST CORP recorded $113.83M of revenue, net loss of $2.53M, and an operating cash inflow of $7.32M. At $113.83M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 12.9% from $130.69M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$0.21, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $0.24 in fiscal 2024, the current result was 187.5% lower. The revenue-to-assets relationship was 0.75x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $48.92M as gross profit before recognizing operating expenses and other items. Gross margin was 43.0%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $3.73M operating loss before non-operating and tax effects. An operating margin of -3.3% reflected costs exceeding revenue-level gross profit by 3.3% of sales. The bottom-line result was a net loss of $2.53M after operating, financing, tax, and other recognized items. Net margin was -2.2%, reflecting a loss equal to 2.2% of reported revenue. The pretax result was a loss of $3.22M, establishing the deficit before tax effects. Pretax margin was -2.8%, reflecting a pre-tax loss equal to 2.8% of revenue. The reported tax benefit was $695.00K, favorably bridging the pretax and after-tax results. The loss-to-equity relationship was 2.4%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 1.7%.

Liquidity and Capital Structure

At period end, the $151.31M asset base was financed through $47.69M of liabilities and $103.62M of equity. At period end, current assets of $78.64M compared with current liabilities of $35.76M, defining the company’s short-term resource position. At 2.2x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $14.22M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 39.8%, excluding receivables and other current assets. The company carried $7.47M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.07x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 4.9%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 31.5%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 9.4%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 0.6% from $152.29M in fiscal 2024, leaving current total assets lower year over year. Book equity was 3.8% higher than fiscal 2024 equity of $99.79M, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $7.32M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $1.63M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 22.3% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $5.68M, leaving a positive amount after capital expenditures. Free cash flow represented 5.0% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 3.8% of total assets, relating post-investment cash generation to the company’s resource base.

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