The Tip Desk

MESA LABORATORIES INC /CO/

Financial highlights

MetricFY 03/31/26FY 03/31/25FY 03/31/24FY 03/31/23FY 03/31/22
Income Statement
Revenue$249.1M$241.0M$216.2M$219.1M$184.3M
Cost of revenue$90.9M$90.1M$82.9M$85.4M$75.2M
Gross profit$158.3M$150.9M$133.2M$133.7M$109.1M
Research and development$20.3M$19.5M$19.3M$20.5M$15.8M
Operating expenses$139.8M$134.5M$405.3M$130.4M$104.4M
Operating income$18.5M$16.3M-$272.1M$3.3M$4.7M
Interest expense$10.7M$11.9M$5.7M$4.8M$3.9M
Pretax income$12.0M$6.0M-$275.6M-$389,000$3.6M
Income tax expense$5.3M$7.9M-$21.4M-$1.3M$1.7M
Net income$6.7M-$2.0M-$254.2M$930,000$1.9M
Balance Sheet
Cash and equivalents$26.9M$27.3M$28.2M$32.9M$49.3M
Current assets$106.3M$102.7M$109.4M$119.0M$124.3M
Total assets$427.7M$433.3M$446.8M$661.8M$707.4M
Current liabilities$61.9M$164.0M$44.3M$43.4M$48.1M
Total liabilities$241.5M$273.5M$301.4M$268.4M$313.6M
Stockholders' equity$186.2M$159.8M$145.4M$393.5M$393.8M
Cash Flow Statement
Cash from operations$42.8M$46.8M$44.1M$28.0M$39.2M
Depreciation and amortization$5.3M$5.4M$4.2M$33.8M$25.1M
Stock-based compensation$17.9M$13.1M$11.9M$12.5M$11.4M
Capital expenditure$3.2M$4.2M$2.6M$4.5M$4.4M
Free cash flow$39.6M$42.6M$41.6M$23.4M$34.8M
Dividends paid$3.5M$3.5M$3.4M$3.4M$3.3M
Share repurchases$0$0$0$0$0
Impairments$0$0$156.9M$0$0

Shares outstanding 5.5M · Free float 93.8%

Annual filing data through FY ended March 31, 2026; float as of July 8, 2026.

Coverage