DAKTRONICS INC /SD/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data DAKTRONICS INC /SD/ 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

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	587	611	570	609	482	611	754	818	756	839
Cost of revenue	446	465	439	470	361	494	603	596	561	610
Gross profit	140	146	130	139	121	117	151	222	195	229
Research and development	29.1	35.5	35.6	37.8	26.8	29	30	35.7	38.9	43.5
General and administrative	34.2	34.9	34.8	35.2	28	32.6	38.7	42.6	63.5	59.9
Operating expenses	125	133	135	139	103	113	130	135	162	168
Operating income	15.4	12.5	-4.73	-0.17	17.1	4.05	21.4	87.1	33.1	60.8
Interest expense	0.23	0.22	0.16	0.11	0.3	0.05	1.13	3.4	2.87	1.46
Interest income						0.22	0.21	1.53	5.83	6.06
Other non-operating income	-0.35	-0.54	-1.09	-0.54	-2.98	-3.11	-7.21	-13.1	-17.8	-6.14
Pre-tax income	15.6	12.4	-4.94	-0.01	14.1	1.11	13.3	54.1	-5.85	58.3
Income tax	5.25	6.87	-3.99	-0.5	3.13	0.52	6.46	19.4	4.27	13
Net income	10.3	5.56	-0.96	0.49	10.9	0.59	6.8	34.6	-10.1	45.4
EBITDA	34	30.2	13.9	17.6	34.2	19.4	38.4	106	52.7	80.2
EPS, basic	0.23	0.13	-0.02	0.01	0.24	0.01	0.15	0.75	-0.21	0.93
EPS, diluted	0.23	0.12	-0.02	0.01	0.24	0.01	0.15	0.74	-0.21	0.92
Shares, basic (weighted)	44.1	44.5	44.9	45	45	45.2	45.4	45.9	47.6	48.6
Shares, diluted (weighted)	44.3	44.9	44.9	45.3	45.2	45.3	45.5	46.5	47.6	49.4
Dividend per share	0.31	0.28	0.28	0.20

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	32.6	29.7	35.4	40.4	77.6	17.1	24	81.3	128	132
Short-term investments				1.23	0	4.02	0.53	0
Receivables	78.8	77.4	65.5	72.6	67.8	101	110	117	92.8	119
Inventory	66.5	75.3	78.8	86.8	74.4	134	149	138	106	110
Other current assets	7.55	9.03	8.32	9.63	7.45	15	9.68	8.53	8.52	11.3
Total current assets	258	264	254	252	265	318	343	402	381	448
Property, plant and equipment	66.7	68.1	65.3	67.5	58.7	66.8	72.1	71.8	73.9	64.3
Goodwill	7.81	8.26	7.89	7.74	8.41	7.93	3.24	3.23	3.19	3.69
Intangible assets	4.71	3.68	4.91	3.35	2.08	1.47	1.14	0.84	0.57	3.26
Total assets	355	359	349	373	375	441	468	528	503	554
Accounts payable	51.5	48.8	44.9	47.8	40.3	76.3	67.5	60.8	46.7	68.6
Accrued liabilities	25	28.5	32.1	36.6	30.7	35	36	43	41.7	44.9
Deferred revenue	12.1	39.4	47.2	50.9	64.5	90.4	91.5	65.5	69.1	65.3
Short-term debt							0	1.5	1.5	1.15
Total current liabilities	131	131	134	146	147	214	210	192	172	194
Long-term debt							17.8	53.2	10.5	9.63
Other non-current liabilities	2.85	2.29	1.34	22.1	7.82	7.08	5.71	5.76	6.84	5.29
Total liabilities	157	161	162	196	182	249	267	289	231	254
Total debt							17.8	54.7	12	10.8
Paid-in capital	38	40.3	42.6	44.6	46.6	48.4	50.3	118	190	197
Retained earnings	114	107	93.6	85.1	96	96.6	103	138	128	173
Treasury stock	-1.83	-1.83	-1.83	-7.47	-7.3	-10.3	-10.3	-10.3	-39.8	-65.3
Other comprehensive income	-4.38	-2.71	-4.36	-5.28	-2.34	-4.93	-5.53	-6.53	-6.16	-4.05
Shareholders' equity	198	198	188	177	194	192	201	239	272	301
Total equity	198	198	188	177	194	192	201	239	272	301
Total liabilities and equity	355	359	349	373	375	441	468	528	503	554

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	10.3	5.56	-0.96	0.49	10.9	0.59	6.8	34.6	-10.1	45.4
Depreciation and amortization	18.6	17.8	18.6	17.7	17.1	15.4	17	19.3	19.5	19.3
Stock-based compensation	2.91	2.64	2.48	2.27	2.07	1.97	2.03	2.09	2.94	4.91
Deferred income tax	-2.04	3.15	-3.38	-2.18	1.31	-1.56	-3.63	-9.07	-6.3	9.94
Change in receivables	-2.72	2.27	10.9	-7.46	4.86	-33.9	-10.4	-7.73	25.2	-26
Change in inventory	3.58	-8.52	-4.08	-8.35	13.9	-61.2	-15.1	10.9	32.5	-3.42
Change in payables	5.54	-2.57	-2.75	2.38	-7.08	33	-5.34	-7.12	-14.1	28.7
Cash from operations	39.4	30.4	29.5	10.8	66.2	-27	15	63.2	97.7	49.2
Capital expenditures	-8.5	-18.1	-17.3	-18.1	-7.89	-20.4	-25.4	-17	-19.5	-14.9
Acquisitions	0	0	-2.25	0	0
Purchases of investments	-24.2	-17.4	-25.3	0	0	-4.05	0	0
Sales and maturities of investments	15.9	15.3	33.7	25.2	1.23	0	3.49	0.55	0	0
Cash from investing	-18.2	-19.6	-11.8	-4.27	-10.2	-31.4	-25.4	-21.3	-23.8	-19.6
Debt issued					0	0	1.23	0	0
Debt repaid	-0.92	-1.05	-0.45	-2.15	-0.46	-0.2	-0.31	-0.41	-0.41	-0.1
Stock issued	0.34	0.52	1.32	0	0	0.01	0.02	1.3	5.15	1.8
Share buybacks	-1.83	0	0	-5.64	0	-3.18	0	0	-29.5	-25.6
Dividends paid	-13.7	-12.4	-12.6	-8.99	0	0
Cash from financing	-16.3	-13.3	-11.9	-1.98	-15.6	-3.58	17.6	15.1	-27.4	-26.2
Exchange rate effect	-0.59	-0.62	0.22	0.11	-0.42	-0.4	-0.52	-0.07	-0.65	0.79
Net change in cash	4.31	-3.08	5.99	4.67	40	-62.4	6.68	57	45.8	4.13
Free cash flow	30.9	12.2	12.3	-7.28	58.3	-47.4	-10.4	46.3	78.2	34.3
Interest paid	0.23	0.19	0.18	0.05	0.26	0.02	1.08	2.86	3.07	0.85
Income taxes paid	3.2	8.94	-1.93	0.98	2.56	1.95	7.49	26.5	17.8	5.12

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to August 1, 2026; growth uses fiscal years. Valuation uses the share price of $17.02 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	27.6%	Gross profit / revenue.
Operating margin	7.3%	Operating income / revenue.
EBITDA margin	9.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	7.2%	Pre-tax income / revenue.
Net margin	5.7%	Net income / revenue.
FCF margin	4.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	6.4%	Cash from operations / revenue.
Effective tax rate	21.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	15.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.0%	Net income / average total assets.
Return on invested capital (ROIC)	28.2%	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%.
R&D / revenue	5.3%	Research and development expense / revenue.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.7%	Capital expenditures / revenue.
D&A / revenue	2.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	10.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	3.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	11.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	17.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	14.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	13.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	83.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	41.7%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	28.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	52.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	27.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	18.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 3y	88.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	32.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS CAGR, 3y	83.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	30.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-49.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	48.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-5.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-56.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-10.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	14.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	9.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	10.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	8.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	3.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	2.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.17x	Current assets / current liabilities.
Quick ratio	1.34x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.67x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.03x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	1.7%	Total debt / total assets.
Liabilities / assets	47.7%	Total liabilities / total assets.
Net debt	-$144.1M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-1.76x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$270.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	1.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$310.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.41x	Revenue / average total assets.
Fixed asset turnover	13.3x	Revenue / average property, plant and equipment.
Inventory turnover	5.27x	Cost of revenue / average inventory.
Days inventory	69 days	365 x average inventory / cost of revenue.
Receivables turnover	5.52x	Revenue / average receivables.
Days sales outstanding	66 days	365 x average receivables / revenue.
Days payables	47 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	88 days	Days inventory + days sales outstanding - days payables.
FCF conversion	82.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	27.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.99	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	$17.47	Revenue / diluted weighted shares.
FCF per share	$0.81	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.12	Cash from operations / diluted weighted shares.
Book value per share	$6.50	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$6.36	Tangible book value / shares outstanding.
Cash per share	$3.16	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	48.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$822.2M	Share price x shares outstanding.
Enterprise value	$678.1M	Market cap + total debt - cash - short-term investments.
P/E	17.0x	Market cap / net income. Only when net income is positive.
P/S	0.96x	Market cap / revenue.
P/B	2.59x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.65x	Market cap / tangible book value, when positive.
P/FCF	20.7x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	15.1x	Market cap / cash from operations, when positive.
EV/Sales	0.79x	Enterprise value / revenue.
EV/EBIT	10.8x	Enterprise value / operating income, when both are positive.
EV/EBITDA	8.30x	Enterprise value / EBITDA, when both are positive.
EV/FCF	17.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.8%	Free cash flow / market cap.
Earnings yield	5.9%	Net income / market cap (the inverse of P/E).
Shareholder yield	2.4%	(Dividends paid + share buybacks) / market cap.
PEG	0.20x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was DAKTRONICS INC /SD/'s revenue in fiscal 2026?

DAKTRONICS INC /SD/ reported revenue of $838.7M for fiscal 2026, 10.9% higher than the year before.

Was DAKTRONICS INC /SD/ profitable in fiscal 2026?

Yes. Net income was $45.4M, a net margin of 5.4%.

How much free cash flow did DAKTRONICS INC /SD/ generate in fiscal 2026?

Cash from operations of $49.2M minus capital expenditures of $14.9M left free cash flow of $34.3M.

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.

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