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OTC · Consumer discretionary

Butler National Corp (BUKS)

Butler National Corp brought in $108.6M of revenue over the twelve months to July 31, 2026, up 28.9% from a year earlier. Net income was $23.5M, a net margin of 21.6%. Operating cash flow minus capital spending left $19.2M of free cash flow in fiscal 2026. At July 31, 2026 it held $35.3M in cash against $28M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on September 11, 2026.

Watch BUKS in 60 seconds
Price
$4.01
-0.74% on the day · September 28, 2026
52-week range $1.84 to $5.09
Market cap
$256M
Revenue (last 12 months)
$108.6M
+28.9% year on year
Net margin
21.6%
P/E
11.8
on FY2026 diluted EPS

What Butler National Corp does

Butler National Corp is registered with the SEC under industry code SIC 7990 (Services-Miscellaneous Amusement & Recreation). Its shares trade on OTC under the ticker BUKS.

Revenue and profit by year

Revenue
FY19: $58.7M $58.7M FY19FY20: $65.9M $65.9M FY20FY21: $61.5M $61.5M FY21FY22: $71.5M $71.5M FY22FY23: $75.2M $75.2M FY23FY24: $78.4M $78.4M FY24FY25: $84M $84M FY25FY26: $98M $98M FY26
Net income
FY19: $3.9M $3.9M FY19FY20: $4.2M $4.2M FY20FY21: $1.4M $1.4M FY21FY22: $10.4M $10.4M FY22FY23: $4.5M $4.5M FY23FY24: $12.5M $12.5M FY24FY25: $12.6M $12.6M FY25FY26: $21.9M $21.9M FY26

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2026$98M$28.5M$21.9M$0.34$19.2M
2025$84M$16.8M$12.6M$0.19$10.1M
2024$78.4M$13.2M$12.5M$0.18-$1.2M
2023$75.2M$8.7M$4.5M$0.06$14.4M
2022$71.5M$16.1M$10.4M$0.14$1.6M
2021$61.5M$5.9M$1.4M$0.02$6.5M

Full financial statements: income, balance sheet and cash flow

Next report expected around December 10, 2026.

Estimated from its filing rhythm: 52 weeks after its report of December 11, 2025. Not a date the company has announced. See the report calendar

Where BUKS ranks in Consumer discretionary

Revenue$98M
#750 of 1065 in Consumer discretionary · Bottom 30%
Revenue growth+16.7%
#172 of 950 in Consumer discretionary · Top 18%
Net margin22.4%
#55 of 966 in Consumer discretionary · Top 6%
Free cash flow margin19.6%
#70 of 850 in Consumer discretionary · Top 8%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What Butler National Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 11, 2026
  2. September 11, 2026
    Quarterly report 10-Q · period to July 31, 2026Revenue rose 53% to $30.8M versus the same quarter last year; diluted EPS $0.08 versus $0.06.
  3. August 20, 2026
  4. August 18, 2026
  5. August 18, 2026
  6. August 18, 2026
  7. July 24, 2026
  8. July 8, 2026
  9. July 8, 2026
    Annual report 10-K · period to April 30, 2026Revenue rose 17% to $98M versus the prior year; diluted EPS $0.34 versus $0.19.
  10. June 15, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 22, 2026. Insider transactions on SEC

What is BUKS worth? A DCF from its reported cash flow

Insider trades

What the people running Butler National Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $319.2K worth of shares on the open market in the last 90 days and sold none.

Bought (open market)
$319.2K
last 90 days
Sold
$0
last 90 days
Net bought
78,929
$319.2K
DateInsiderWhatSharesPriceValueFiling
September 22, 2026 Daly Joseph PatrickDirector, 10% owner Bought 1,303 $4.19 $5.5K Form 4
September 22, 2026 Daly Joseph PatrickDirector, 10% owner Bought 5,000 $4.01 $20.1K Form 4
September 21, 2026 Daly Joseph PatrickDirector, 10% owner Received as pay 3,197 $3.91 $12.5K Form 4
September 21, 2026 Daly Joseph PatrickDirector, 10% owner Bought 4,000 $4.10 $16.4K Form 4
September 21, 2026 Yowell Jeffrey DavidDirector Received as pay 3,197 $3.91 $12.5K Form 4
September 21, 2026 Loh Michael AnthonyDirector Received as pay 3,197 $3.91 $12.5K Form 4
September 21, 2026 Bowen Julie MarieDirector Received as pay 3,197 $3.91 $12.5K Form 4
September 15, 2026 Daly Joseph PatrickDirector, 10% owner Bought 96 $3.90 $374.4 Form 4
September 15, 2026 Daly Joseph PatrickDirector, 10% owner Bought 404 $3.91 $1.6K Form 4
September 15, 2026 Daly Joseph PatrickDirector, 10% owner Bought 1,000 $4.04 $4K Form 4
September 15, 2026 Veradace Partners LP10% owner Bought 15,000 $3.91 $58.7K Form 4
September 15, 2026 Loh Michael AnthonyDirector Bought 10,000 $3.91 $39.1K Form 4
September 14, 2026 Veradace Partners LP10% owner Bought 40,000 $4.09 $163.6K Form 4
July 22, 2026 Sefchick Adam BrettChief Financial Officer Received as pay 20,222 $4.95 $100K Form 4
July 22, 2026 Sefchick Adam BrettChief Financial Officer Shares withheld for tax 1,978 $4.95 $9.8K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns BUKS

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Daly Joseph Patrick13D, may seek influence with 1 related filers 6.9% 4,460,000 September 24, 2025

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

6 insiders reported holding 12,454,511 shares in total, about $49.9M at the last price.

HolderSharesAs of
Veradace Partners LP10% owner 7,565,112 September 15, 2026
Daly Joseph PatrickDirector, 10% owner 4,550,000 September 22, 2026
Loh Michael AnthonyDirector 157,326 September 21, 2026
Yowell Jeffrey DavidDirector 87,818 September 21, 2026
Sefchick Adam BrettChief Financial Officer 64,323 July 22, 2026
Bowen Julie MarieDirector 29,932 September 21, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about BUKS

What does Butler National Corp do?

Butler National Corp is registered with the SEC under industry code SIC 7990 (Services-Miscellaneous Amusement & Recreation). Its shares trade on OTC under the ticker BUKS.

Is Butler National Corp profitable?

Yes. Over the twelve months to July 31, 2026 it reported net income of $23.5M on revenue of $108.6M, a net margin of 21.6%.

How much revenue does Butler National Corp make?

Over the twelve months to July 31, 2026 Butler National Corp reported revenue of $108.6M. That is 28.9% more than a year earlier.

When did Butler National Corp last report?

Its most recent periodic report is the quarterly report (10-Q) filed on September 11, 2026. It covers the period to July 31, 2026. Its newest filing of any kind is the insider trade from September 22, 2026.

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Where the numbers come from

Financial figures are the values Butler National Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.