CVD EQUIPMENT CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $25.8M | $26.9M | $24.1M | $25.8M | $16.4M |
| Cost of revenue | $18.5M | $20.8M | $19.0M | $19.2M | $13.4M |
| Gross profit | $7.3M | $6.1M | $5.1M | $6.6M | $3.1M |
| Research and development | $2.8M | $2.6M | $2.6M | $1.9M | $1.8M |
| Operating expenses | $9.2M | $8.5M | $10.0M | $8.4M | $7.7M |
| Operating income | -$1.9M | -$2.4M | -$4.9M | -$1.8M | -$4.7M |
| Interest expense | $13,000 | $19,000 | $23,000 | $8,000 | $261,000 |
| Pretax income | -$1.6M | -$1.9M | -$4.2M | -$220,000 | $4.8M |
| Income tax expense | $3,000 | $24,000 | -$14,000 | $4,000 | $28,000 |
| Net income | -$1.6M | -$1.9M | -$4.2M | -$224,000 | $4.7M |
| Balance Sheet | |||||
| Cash and equivalents | $8.7M | $12.6M | $14.0M | $14.4M | $16.7M |
| Current assets | $16.9M | $20.0M | $22.8M | $23.7M | $23.1M |
| Total assets | $27.5M | $31.7M | $35.0M | $37.9M | $35.5M |
| Current liabilities | $2.8M | $6.1M | $8.6M | $8.2M | $6.3M |
| Total liabilities | $2.8M | $6.3M | $8.8M | $8.5M | $6.3M |
| Stockholders' equity | $24.7M | $25.4M | $26.2M | $29.4M | $29.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$3.7M | -$1.5M | -$206,000 | $194,000 | -$4.3M |
| Depreciation and amortization | $700,000 | $700,000 | $800,000 | $800,000 | $600,000 |
| Stock-based compensation | $942,000 | $1.1M | $908,000 | $435,000 | $315,000 |
| Capital expenditure | $48,000 | $106,000 | $418,000 | $665,000 | $236,000 |
| Free cash flow | -$3.7M | -$1.6M | -$624,000 | -$471,000 | -$4.5M |
| Impairments | $163,000 | — | $111,000 | — | $0 |
Shares outstanding 6.9M · Free float 43.1%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.