SOLITRON DEVICES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SOLITRON DEVICES INC 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

	FY2014	FY2015	FY2019	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	9.76	8.4	9.38	9.24	10.5	12.3	6.41	12.8	14	17
Cost of revenue	7.23	6.62	7.99	7.76	7.26	7.49	5.01	8.95	10.1	11.9
Gross profit	2.53	1.77	1.39	1.48	3.28	4.8	1.4	3.81	3.99	5.12
Selling, general and administrative	1.61	1.97	2.74	2.1	2.11	2.51	2.05	2.87	2.99	3.5
Operating income	0.92	-0.2	-1.35	-0.63	1.17	2.29	-0.65	0.93	1	1.62
Interest expense				0	0.01	0.1	0.11	0.18	0.27	0.26
Interest income	0.02	0.03	0.01	0	0		0.04	0.03	0.01	0.16
Other non-operating income	0.01		0	0	0	0.02	1.48	1.84	-0.01	-0.52
Pre-tax income	0.95	-0.17			1,381	3,508	0.83	2.78	0.99	1.1
Income tax	0.02	0	0	0	0	0	0	-3.02	0.18	0.29
Net income	0.93	-0.17	-1.44	-0.61	1.38	3.51	0.83	5.8	0.82	0.81
EBITDA	1.15	0.01	-1.13	-0.41	1.39	266	-0.29	1.55	1.56	2.2
EPS, basic	0.42	-0.07	-0.76	-0.30	0.67			2.78	0.39	0.38
EPS, diluted	0.38	-0.07	-0.76	-0.30	0.67			2.78	0.39	0.38
Shares, basic (weighted)	2.18	2.25	1.9	2.01	2.07			2.08	2.08	2.1
Shares, diluted (weighted)	2.41	2.25	1.9	2.01	2.07			2.08	2.08	2.1

Balance sheet

	FY2014	FY2015	FY2019	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	0.82	0.63	0.39	1.33	3.79	4.09	1.45	2.22	4.1	3.91
Short-term investments			0.08	0.16	0.25	0	0.99	0.09	0.92	0
Receivables	1.02	0.53	1.83	1.38	1.31	1.59	0.78	2.83	2.13	3.37
Inventory	4.2	3.67	3.96	2.87	2,721	2.26	2.42	4.13	3.44	4.13
Other current assets	0.12	0.18	0.16	0.12	0.37	0.2	0.2	0.53	0.13	0.14
Total current assets	13.1	11.8	6.42	5.86	8.43	8.82	7.73	10.6	10.7	11.6
Property, plant and equipment	0.46	0.44	0.52	0.41	0.28	4.93	7.36	7.36	8.64	8.38
Lease right-of-use assets			1.08	0.72	0.34	0	0	1.72
Intangible assets							0	3.11	2.91	2.7
Long-term investments									0	1.65
Other non-current assets	0.01	0.01	0.05	0.05	0.04	0	0.01	0.11	0.56	0.32
Total assets	13.6	12.2	6.98	7.04	9.09	14.4	15.1	24.7	24.4	25.9
Accounts payable	0.43	0.16	0.63	0.27	0.17	0.14	0.14	0.44	0.44	0.47
Accrued liabilities	0.63	0.5	0.44	0.44	0.74	0.89	0.91	1.08	0.85	1.07
Deferred revenue								0.54	0.12	0.06
Total current liabilities	1.08	0.69	1.08	1.18	1.38	1.16	1.19	4.38	2.13	2.53
Long-term debt				0	0	2.76	2.65
Lease liabilities			0	0.38	0	0
Total liabilities	1.08	0.69	1.08	1.55	2.16	3.92	3.84	7.67	6.55	6.14
Total debt					0	2.76	2.65	2.65	3.92	3,765
Paid-in capital	2.75	2.76	1.83	1.83	1.83	1.83	1.83	0.02	1.83	1.99
Retained earnings	10	9.27	5.81	5.11	6.49	10	10.8	16.6	17.4	18.2
Treasury stock	-0.28	-0.55	-1.76	-1.48	-1.41	-1.41	-1.41	-1.41	-1.41	-0.45
Other comprehensive income	0.02	0.02
Shareholders' equity	12.5	11.5	5.9	5.48	6.93	10.4	11.3	17.1	17.9	19.8
Total equity	12.5	11.5	5.9	5.48	6.93	10.4	11.3	17.1	17.9	19.8
Total liabilities and equity	13.6	12.2	6.98	7.04	9.09	14.4	15.1	24.7	24.4	25.9
Shares outstanding	2.19	2.23	1.9	2.06	2.08	2.08	2.08	2.08	2.08	2.15

Cash flow statement

	FY2014	FY2015	FY2019	FY2019	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	0.93	-0.17	-1.44	-0.61	1.38	-3.51	0.83	5.8	0.82	0.81
Depreciation and amortization	0.22	0.21	0.22	0.22	0.23	264	0.36	0.61	0.56	0.58
Stock-based compensation			0	0.28	0.08	0			0	0.36
Deferred income tax							0	-3.02	0.22	0.29
Change in receivables	-0.23	0.49	-0.47	0.45	-0.07	-0.29	-0.81	-1.27	0.7	-1.24
Change in inventory	0.12	0.53	-0.04	1.09	-0.15	0.46	0.16	0.95	0.69	-0.69
Change in payables	0.11	-0.26	-0.26	-0.36	-0.1	-0.03	0.01	0.25	0.06	0.03
Cash from operations	1.13	0.61	-1.87	1.12	1.67	3.33	0.96	1.92	2.4	1.35
Capital expenditures	-0.12	-0.19	-0.14	-0.11	-0.08	-4.89	-2.19	-0.36	-1.84	-0.33
Acquisitions							0	-2.43	-0.09
Purchases of investments			0.15	0.15	-0.48	-0.66	-1.31	-0.14	-0.65	-0.68
Sales and maturities of investments							0.97	0.88	0.83	1.42
Cash from investing	-0.83	0.05	0.05	-0.18	-0.02	-5.89	-3.49	-1.04	-1.75	-2.14
Stock issued	0.01	0.01
Share buybacks				0	-0.01	0			0	-0.06
Dividends paid	-0.11	-0.58
Cash from financing	-0.1	-0.84	0	0	0.8	2.86	-0.11	-0.11	1.23	0.6
Net change in cash	0.2	-0.19	-1.82	0.94	2.45	0.3	-2.64	0.77	1.88	-0.19
Free cash flow	1.01	0.42	-2.01	1.01	1.6	-1.56	-1.23	1.56	0.56	1.02
Interest paid					0	0.1	0.11	0.1	0.16	0.18
Income taxes paid	0.03	0.01			0	0	0	0	0.07	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to May 31, 2026; growth uses fiscal years. Valuation uses the share price of $33.00 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	36.5%	Gross profit / revenue.
Operating margin	17.9%	Operating income / revenue.
EBITDA margin	20.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	14.7%	Pre-tax income / revenue.
Net margin	10.8%	Net income / revenue.
FCF margin	13.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	15.9%	Cash from operations / revenue.
Effective tax rate	26.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.7%	Net income / average total assets.
Return on invested capital (ROIC)	0.1%	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	18.6%	Selling, general and administrative expense / revenue.
Capex / revenue	2.0%	Capital expenditures / revenue.
D&A / revenue	3.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	20.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	38.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	10.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	28.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	54.0%	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	9.3%	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	62.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 5y	6.7%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	41.1%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y	9.5%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-1.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-0.8%	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	-10.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-2.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	-10.7%	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	-43.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	12.0%	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	-4.2%	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	82.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-8.5%	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	10.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	20.7%	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	23.4%	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	6.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	19.8%	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	23.3%	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	1.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.4%	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	4.47x	Current assets / current liabilities.
Quick ratio	2.90x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.94x	(Cash + short-term investments) / current liabilities.
Debt / equity	178x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	13,500.0%	Total debt / total assets.
Liabilities / assets	24.2%	Total liabilities / total assets.
Net debt	$3.72B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	902x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	14.1x	Operating income / interest expense.
Working capital	$10.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	9.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$18.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.71x	Revenue / average total assets.
Fixed asset turnover	2.36x	Revenue / average property, plant and equipment.
Inventory turnover	2.74x	Cost of revenue / average inventory.
Days inventory	133 days	365 x average inventory / cost of revenue.
Receivables turnover	6.57x	Revenue / average receivables.
Days sales outstanding	56 days	365 x average receivables / revenue.
Days payables	18 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	171 days	Days inventory + days sales outstanding - days payables.
FCF conversion	127.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	12.9%	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	$9.16	Revenue / diluted weighted shares.
FCF per share	$1.27	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.45	Cash from operations / diluted weighted shares.
Book value per share	$9.71	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$8.48	Tangible book value / shares outstanding.
Cash per share	$2.80	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$71.0M	Share price x shares outstanding.
Enterprise value	$3.79B	Market cap + total debt - cash - short-term investments.
P/E	33.3x	Market cap / net income. Only when net income is positive.
P/S	3.60x	Market cap / revenue.
P/B	3.40x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.89x	Market cap / tangible book value, when positive.
P/FCF	26.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	22.7x	Market cap / cash from operations, when positive.
EV/Sales	192x	Enterprise value / revenue.
EV/EBIT	1,073x	Enterprise value / operating income, when both are positive.
EV/EBITDA	919x	Enterprise value / EBITDA, when both are positive.
EV/FCF	1,389x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.8%	Free cash flow / market cap.
Earnings yield	3.0%	Net income / market cap (the inverse of P/E).

What was SOLITRON DEVICES INC's revenue in fiscal 2026?

SOLITRON DEVICES INC reported revenue of $17.0M for fiscal 2026, 20.8% higher than the year before.

Was SOLITRON DEVICES INC profitable in fiscal 2026?

Yes. Net income was $807.0K, a net margin of 4.8%.

How much free cash flow did SOLITRON DEVICES INC generate in fiscal 2026?

Cash from operations of $1.4M minus capital expenditures of $327.0K left free cash flow of $1.0M.

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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