NORTECH SYSTEMS INC
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 | $118.4M | $128.1M | $139.3M | $134.1M | $115.2M |
| Cost of revenue | $100.4M | $111.4M | $116.2M | $113.6M | $99.3M |
| Gross profit | $18.0M | $16.7M | $23.1M | $20.5M | $15.9M |
| Research and development | $1.2M | $1.2M | $1.2M | $1.5M | $483,000 |
| Operating expenses | $17.0M | $16.9M | $17.2M | $16.6M | $13.6M |
| Operating income | $975,000 | -$195,000 | $6.0M | $3.9M | $2.3M |
| Interest expense | $964,000 | $744,000 | $487,000 | $411,000 | $430,000 |
| Pretax income | $11,000 | -$939,000 | $5.5M | $3.5M | $8.0M |
| Income tax expense | $263,000 | $356,000 | -$1.4M | $1.5M | $859,000 |
| Net income | -$252,000 | -$1.3M | $6.9M | $2.0M | $7.2M |
| Balance Sheet | |||||
| Cash and equivalents | $1.7M | $916,000 | $960,000 | $1.0M | $643,000 |
| Current assets | $56.1M | $55.3M | $58.8M | $54.9M | $51.8M |
| Total assets | $71.9M | $72.4M | $75.1M | $69.5M | $67.1M |
| Current liabilities | $29.8M | $21.4M | $26.6M | $26.4M | $22.3M |
| Total liabilities | $37.4M | $38.4M | $39.8M | $41.5M | $41.0M |
| Stockholders' equity | $34.5M | $34.0M | $35.3M | $28.1M | $26.1M |
| Cash Flow Statement | |||||
| Cash from operations | $2.7M | -$2.2M | $1.8M | $5.4M | -$4.5M |
| Depreciation and amortization | $1.3M | $1.6M | $1.9M | $1.8M | $1.8M |
| Stock-based compensation | $503,000 | $461,000 | $423,000 | $334,000 | $111,000 |
| Capital expenditure | $661,000 | $1.3M | $1.3M | $2.4M | $1.3M |
| Free cash flow | $2.1M | -$3.5M | $485,000 | $3.0M | -$5.8M |
| Share repurchases | — | $100,000 | — | — | — |
| Impairments | — | — | — | — | $0 |
Shares outstanding 2.8M · Free float 26.5%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.