Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Capstone Holding Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2012
FY2013
FY2014
FY2015
FY2016
FY2017
FY2018
FY2024
FY2024
FY2025
Revenue
0
-2
48.6
45.8
46.9
Cost of revenue
38.7
35.3
36.1
Gross profit
9.61
9.57
10.8
Research and development
0.01
0
3.07
1.18
1.04
1.04
0.05
Selling, general and administrative
10.9
10.2
14.4
General and administrative
1.76
1.17
1.45
1.76
0.54
0.64
0.55
Operating expenses
4.15
4.29
4.52
2.94
1.58
1.68
2.18
Operating income
1.68
0.18
-1.26
-0.64
-11
Interest expense
1.67
1.48
3.89
Other non-operating income
-0.04
-0.02
-0.08
0.11
0.25
0.14
Pre-tax income
-4.05
-4.14
-4.57
-2.96
-1.67
1.79
0.43
-3.59
-2.12
-14.1
Income tax
0
-0.02
-0.4
-0.19
-0.06
0.04
0.05
0.23
0.44
7.18
Income from continuing operations
-4.05
-4.11
Net income to minority interests
-0.47
-0.19
0
0
-0.95
0
0
Net income
-3.58
-3.92
-4.17
-2.77
-0.66
1.76
0.38
-3.82
-2.56
-21.2
EBITDA
-0.8
-0.33
-10.6
EPS, basic
0.09
0.10
0.10
0.07
0.02
-0.04
-0.01
-36.39
-34.87
-4.12
EPS, diluted
0.09
0.10
0.10
0.07
0.02
-0.04
-0.01
-36.39
-34.87
-4.12
Shares, basic (weighted)
0.04
40.9
40.9
40.9
40.9
0.05
0.05
0.16
0.16
5.32
Shares, diluted (weighted)
0.04
40.9
40.9
40.9
40.9
0.05
0.05
0.16
0.16
5.32
Balance sheet
FY2012
FY2013
FY2014
FY2015
FY2016
FY2017
FY2018
FY2024
FY2024
FY2025
Cash and equivalents
10.2
6.26
2.16
1.01
0.7
1.28
1.34
0.05
0.01
0.73
Receivables
2.58
2.76
4.86
Inventory
13.8
9.64
17.1
Other current assets
0.38
0.23
0.56
0.25
0.13
0.1
0.1
0.24
0.24
0.12
Total current assets
10.6
6.49
2.72
1.26
0.83
1.37
1.44
17.1
12.8
23
Property, plant and equipment
0.02
0
0
0
0
0
0
1.76
1.59
2.09
Lease right-of-use assets
2.92
2.07
5.4
Goodwill
23.3
23.3
18.5
Intangible assets
0.98
0.82
0.67
0.51
0.35
0.2
0.04
0.05
1.84
Other non-current assets
0.05
0.25
0.59
Total assets
11.6
7.32
3.39
1.77
1.18
1.57
1.48
52.7
47.2
51.4
Accounts payable
0.23
0.09
0.12
0.25
0.25
0.2
0.25
2.58
3.3
Accrued liabilities
0.06
0.01
0.16
0.01
0.06
0
0
0.32
0.39
Short-term debt
3.61
1.86
3.71
Total current liabilities
0.29
0.1
0.28
0.26
0.3
0.2
0.25
16
12.6
22.9
Long-term debt
1
2.25
2.48
5.11
6.32
9.34
Lease liabilities
2.14
1.44
3.83
Other non-current liabilities
0
0.04
Total liabilities
0.29
0.1
0.28
1.26
1.3
2.45
2.72
23.6
20.7
38.9
Total debt
1
2.25
2.48
9
8.44
13.1
Paid-in capital
189
189
189
189
189
190
190
193
193
230
Retained earnings
-178
-182
-186
-189
-190
-191
-192
-191
-196
-218
Other comprehensive income
0
-0
Shareholders' equity
11.1
7.22
3.1
0.51
-0.12
-0.88
-1.24
2.44
-3.06
12.5
Minority interests
0.19
0
0
0
0
0
0
Total equity
11.3
7.22
3.1
0.51
-0.12
-0.88
-1.24
2.44
-3.06
12.5
Total liabilities and equity
11.6
7.32
3.39
1.77
1.18
1.57
1.48
52.7
47.2
51.4
Shares outstanding
40.9
40.9
40.9
40.9
40.9
54.4
54.4
8.77
Cash flow statement
FY2012
FY2013
FY2014
FY2015
FY2016
FY2017
FY2018
FY2024
FY2024
FY2025
Net income
-4.05
-4.11
-4.17
-2.77
-1.61
1.76
0.38
-3.82
-2.56
-21.2
Depreciation and amortization
0.03
0.17
0.16
0.16
0.18
0.46
0.31
0.39
Stock-based compensation
0.11
0.03
0.05
0.17
0.04
0
0.02
0
0
Deferred income tax
0
0
0
0
0
0
0
0.03
0.42
7.16
Change in receivables
0
0
Change in inventory
4.12
-1.28
Change in payables
0.16
-0.15
0.04
0.13
-0.01
-0.05
0.05
0.24
1.19
Cash from operations
-3.37
-3.95
-4.09
-2.15
-1.26
-1.56
0.07
1.65
3.82
-4.41
Capital expenditures
0
0
-0.21
-0.12
-0.12
Acquisitions
0
0
Cash from investing
-0.21
0
0
0
0
0
0
-0.21
-0.12
-6.91
Debt issued
0
6.25
Debt repaid
-1
-0.99
Stock issued
0
0
0
1.01
0
0
5.03
Share buybacks
0
0
Cash from financing
0
0
0
1
0.95
2.14
0
-1.41
-3.74
12.1
Net change in cash
-3.57
-3.95
-4.09
-1.15
-0.31
0.58
0.07
0.03
-0.04
0.72
Free cash flow
-3.37
-3.95
1.44
3.7
-4.53
Interest paid
0.01
0.01
0.87
Income taxes paid
0.38
0.03
-0.12
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.16 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
25.7%
Gross profit / revenue.
Operating margin
-17.4%
Operating income / revenue.
EBITDA margin
-16.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-25.0%
Pre-tax income / revenue.
Net margin
-37.1%
Net income / revenue.
FCF margin
-6.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-6.0%
Cash from operations / revenue.
Return on equity (ROE)
-177.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-40.4%
Net income / average total assets.
Return on invested capital (ROIC)
-32.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
30.5%
Selling, general and administrative expense / revenue.
Capex / revenue
0.4%
Capital expenditures / revenue.
D&A / revenue
0.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
2.3%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
12.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-215.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-222.5%
Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
8.8%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
3,276.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.99x
Current assets / current liabilities.
Quick ratio
0.35x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.03x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
23.5%
Total debt / total assets.
Liabilities / assets
77.3%
Total liabilities / total assets.
Net debt
$12.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$4.72
Revenue / diluted weighted shares.
FCF per share
-$0.30
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.28
Cash from operations / diluted weighted shares.
Book value per share
$0.82
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.06x
Market cap / revenue.
P/B
0.27x
Market cap / shareholders' equity. Only when equity is positive.
EV/Sales
0.27x
Enterprise value / revenue.
FCF yield
-113.4%
Free cash flow / market cap.
Earnings yield
-657.2%
Net income / market cap (the inverse of P/E).
What was Capstone Holding Corp.'s revenue in fiscal 2025?
Capstone Holding Corp. reported revenue of $46.9M for fiscal 2025, 2.3% higher than the year before.
Was Capstone Holding Corp. profitable in fiscal 2025?
No. It reported a net loss of $21.2M.
How much free cash flow did Capstone Holding Corp. generate in fiscal 2025?
Cash from operations of $4.4M minus capital expenditures of $122.0K left free cash flow of -$4.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.