KORNIT DIGITAL LTD.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $208.2M | $203.8M | $219.8M | $271.5M | $322.0M | $193.3M | $179.9M | $142.4M |
| Cost of Revenue | $115.9M | $112.1M | $152.8M | $175.0M | $170.1M | $105.5M | $97.8M | $72.5M |
| Gross Profit | $92.3M | $91.8M | $67.0M | $96.5M | $151.9M | $87.8M | $82.1M | $69.9M |
| Gross Margin | 44.3% | 45.0% | 30.5% | 35.5% | 47.2% | 45.4% | 45.6% | 49.1% |
| Operating Expenses | ||||||||
| Research & Development | $37.7M | $41.6M | $50.1M | $56.0M | $43.7M | $31.5M | $22.4M | $21.9M |
| SG&A Expense | $30.4M | $29.1M | $37.6M | $39.3M | $36.6M | $26.7M | $18.5M | $16.4M |
| Operating Income | $-34.6M | $-37.3M | $-87.5M | $-69.9M | $12.8M | $-6.7M | $7.6M | $5.6M |
| Operating Margin | -16.6% | -18.3% | -39.8% | -25.7% | 4.0% | -3.5% | 4.2% | 3.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-12.7M | $-15.0M | $-63.4M | $-56.5M | $15.4M | $-3.2M | $10.9M | $7.0M |
| Income Tax Expense | $865.0K | $1.8M | $970.0K | $22.6M | $-135.0K | $1.6M | $744.0K | $-5.4M |
| Net Income | $-13.5M | $-16.8M | $-64.4M | $-79.1M | $15.5M | $-4.8M | $10.2M | $12.4M |
| Net Margin | -6.5% | -8.2% | -29.3% | -29.1% | 4.8% | -2.5% | 5.7% | 8.7% |
| EPS (Basic) | $-0.30 | $-0.35 | $-1.31 | $-1.59 | $0.33 | $-0.11 | $0.27 | $0.36 |
| EPS (Diluted) | $-0.30 | $-0.35 | $-1.31 | $-1.59 | $0.32 | $-0.11 | $0.26 | $0.35 |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | 45.2M | 47.5M | 49.2M | 49.8M | 48.6M | 42.3M | 39.3M | 35.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |