SYPR SYPRIS SOLUTIONS INC

Overview and Growth

SYPRIS SOLUTIONS INC generated $119.89M of revenue in fiscal 2025, with net loss of $6.34M and an operating cash outflow of $5.73M. Revenue of $119.89M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 14.5% from $140.18M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$0.28, which connects the reported earnings outcome with the company’s diluted share count. A diluted share base of 22.27M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 1.0% higher than fiscal 2024, when diluted shares averaged 22.04M, adding context to the EPS comparison. The company employed $107.81M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 1.11x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $9.40M as gross profit before recognizing operating expenses and other items. Gross margin was 7.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $6.61M after the reported operating expense base. An operating margin of -5.5% reflected costs exceeding revenue-level gross profit by 5.5% of sales. The bottom-line result was a net loss of $6.34M after operating, financing, tax, and other recognized items. The net loss equaled 5.3% of revenue, showing the bottom-line deficit relative to the company’s sales base. EBITDA was negative $3.76M, showing a deficit before interest, taxes, depreciation, and amortization. Before income taxes, the company recorded a loss of $6.28M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 5.2%. The company recognized $61.00K of income tax for the period, completing the transition from pretax income to net income. Relative to period-end equity, the net loss represented 35.6%. The net loss equaled 5.9% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit increased from $1.68M in fiscal 2024 to $6.34M.

Liquidity and Capital Structure

Total assets were $107.81M, supported by $90.02M of liabilities and $17.79M of shareholder equity. Current assets were $79.89M against $62.37M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 1.28x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Equity equaled 16.5% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 83.5%, complementing the separate equity-based view of the company’s capital structure. Compared with $119.38M in fiscal 2024, the current asset base moved 9.7% and finished lower. Against $19.58M of equity in fiscal 2024, the current book-equity balance moved 9.1% and ended lower.

Cash Flow and Earnings Quality

Operating activities used $5.73M of cash, resulting in an operating cash outflow for the year. Capital spending of $756.00K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Operating cash flow and capital spending combined to leave a $6.49M cash deficit after capital spending. The free-cash-flow deficit equaled 5.4% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 6.0% of total assets, placing the cash shortfall against the company’s resource base. The company shifted from generating $2.00M of operating cash in fiscal 2024 to absorbing $5.73M.

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