BUTLER NATIONAL CORPOR
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $98.0M | $84.0M | $78.4M | $75.2M | $71.5M | $61.5M | $65.9M | $58.7M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $1.5M | $952.0K | $823.0K | $1.1M | $2.4M | $3.5M | $2.4M | $1.9M |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $28.5M | $16.8M | $13.2M | $8.7M | $16.1M | $5.9M | $8.3M | $5.3M |
| Operating Margin | 29.0% | 20.0% | 16.9% | 11.5% | 22.6% | 9.6% | 12.6% | 9.0% |
| Interest Expense | $1.9M | $2.2M | $2.4M | $2.7M | $2.7M | $3.1M | $4.4M | $248.0K |
| Pretax Income | $29.3M | $16.7M | $16.8M | $6.5M | $15.5M | $2.8M | $4.6M | $7.0M |
| Income Tax Expense | $7.4M | $4.2M | $4.2M | $2.0M | $3.3M | $311.0K | $1.3M | $1.4M |
| Net Income | $21.9M | $12.6M | $12.5M | $4.5M | $10.4M | $1.4M | $4.2M | $3.9M |
| Net Margin | 22.4% | 14.9% | 16.0% | 6.0% | 14.5% | 2.3% | 6.4% | 6.6% |
| EPS (Basic) | $0.34 | $0.19 | $0.18 | $0.06 | $0.14 | $0.02 | $0.06 | $0.06 |
| EPS (Diluted) | $0.34 | $0.19 | $0.18 | $0.06 | $0.14 | $0.02 | $0.06 | $0.06 |
| Shares Outstanding (Basic) | 65.0M | 67.8M | 70.4M | 76.5M | 75.3M | 74.1M | 68.6M | 64.5M |
| Shares Outstanding (Diluted) | 65.0M | 67.8M | 70.4M | 76.5M | 75.3M | 74.1M | 68.6M | 64.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |