FEIM

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Frequency Electronics, Inc.

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Key Metrics

Previous Close: $66.77
52-Week Range: $26.05 – $80.60
Market Cap: $718.12M
P/E (TTM): —
EPS (TTM): -0.09
Dividend Yield: —

Advanced Metrics

Price/Book: 11.47
PEG Ratio: 1.25
Return on Equity: -1.61%
Return on Assets: 0.81%
Gross Margin: 35.10%
Operating Margin: -13.96%
Profit Margin: -1.43%
Current Ratio: 2.29
Debt/Equity: 0.14
Total Debt: $7.65M
Free Cash Flow: $3.72M
Revenue Growth: -23.00%
Earnings Growth: —
Enterprise Value: $665.07M

FEIM Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$40.78M	$55.27M	$69.81M	$63.23M
Cost of Revenue	$32.93M	$36.69M	$39.71M	$44.83M
Gross Profit	$7.85M	$18.58M	$30.10M	$18.40M
Research & Development	$3.15M	$3.38M	$6.08M	$5.99M
Selling, General & Admin	$9.37M	$10.18M	$12.29M	$15.40M
Operating Expenses	$12.52M	$13.56M	$18.36M	$21.40M
Operating Income	-$4.67M	$5.02M	$11.73M	-$3.00M
EBITDA	-$2.84M	$7.70M	$14.30M	-$933.00K
Pretax Income	-$5.43M	$5.46M	$12.14M	-$2.91M
Income Tax	$74.00K	-$130.00K	-$11.54M	-$2.00M
Net Income	-$5.50M	$5.59M	$23.69M	-$903.00K
Diluted EPS	-0.59	0.59	2.48	-0.09
Diluted Shares	9.34M	9.43M	9.61M	9.78M

FEIM Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$12.05M	$18.32M	$4.72M	$1.60M
Receivables	$14.63M	$15.14M	$23.83M	$22.02M
Inventory	$20.53M	$23.43M	$23.49M	$22.62M
Current Assets	$48.31M	$58.12M	$53.11M	$47.98M
Total Assets	$74.50M	$83.25M	$93.74M	$90.71M
Current Liabilities	$27.28M	$30.80M	$23.45M	$20.98M
Total Debt	$7.64M	$6.18M	$8.76M	$7.65M
Total Liabilities	$41.61M	$43.44M	$38.12M	$34.30M
Retained Earnings	-$25.62M	-$20.03M	$3.66M	$2.76M
Shareholders' Equity	$32.89M	$39.82M	$55.62M	$56.40M
Working Capital	$21.03M	$27.32M	$29.65M	$26.99M

FEIM Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$1.18M	$8.71M	-$1.43M	$1.28M
Capital Expenditure	-$918.00K	-$1.49M	-$1.81M	-$2.86M
Free Cash Flow	$257.00K	$7.22M	-$3.24M	-$1.58M
Depreciation & Amortisation	$2.43M	$2.12M	$2.06M	$1.89M
Stock-Based Compensation	$197.00K	$822.00K	$1.16M	$1.97M
Investing Cash Flow	$8.67M	-$1.49M	-$1.81M	-$2.86M
Financing Cash Flow	-$9.35M	$0.00	-$9.94M	-$1.57M
Dividends Paid	-$9.35M	$0.00	-$9.57M	$0.00
Share Repurchases	—	$0.00	-$377.00K	-$1.57M
Net Change in Cash	$488.00K	$7.22M	-$13.18M	-$3.15M

FEIM Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$19.99M	$13.81M	$17.13M	$16.89M	$15.40M
Cost of Revenue	$12.49M	$8.73M	$10.59M	$10.26M	$15.25M
Gross Profit	$7.49M	$5.08M	$6.54M	$6.63M	$152.00K
Research & Development	$1.54M	$1.13M	$1.20M	$1.76M	$1.90M
Selling, General & Admin	$2.67M	$3.58M	$3.62M	$3.59M	$4.60M
Operating Expenses	$4.21M	$4.72M	$4.82M	$5.36M	$6.50M
Operating Income	$3.28M	$364.00K	$1.71M	$1.27M	-$6.35M
EBITDA	$3.23M	$580.00K	$1.79M	$1.46M	-$6.66M
Pretax Income	$3.21M	$557.00K	$1.77M	$1.44M	-$6.67M
Income Tax	$10.00K	-$77.00K	-$31.00K	-$127.00K	-$1.77M
Net Income	$3.20M	$634.00K	$1.80M	$1.57M	-$4.91M
Diluted EPS	0.34	0.07	0.18	0.16	-0.50
Diluted Shares	9.68M	9.72M	9.76M	9.80M	9.85M

FEIM Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$4.72M	$4.51M	$2.99M	$86.00K	$1.60M
Receivables	$23.83M	$21.65M	$21.57M	$25.41M	$22.02M
Inventory	$23.49M	$24.77M	$24.68M	$25.83M	$22.62M
Current Assets	$53.11M	$52.34M	$50.92M	$52.55M	$47.98M
Total Assets	$93.74M	$93.20M	$92.25M	$94.19M	$90.71M
Current Liabilities	$23.45M	$22.72M	$19.67M	$20.18M	$20.98M
Total Debt	$8.76M	$8.36M	$8.40M	$8.13M	$7.65M
Total Liabilities	$38.12M	$36.88M	$33.80M	$33.95M	$34.30M
Retained Earnings	$3.66M	$4.29M	$6.09M	$7.66M	$2.76M
Shareholders' Equity	$55.62M	$56.32M	$58.45M	$60.24M	$56.40M
Working Capital	$29.65M	$29.63M	$31.25M	$32.37M	$26.99M

FEIM Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$155.00K	$1.16M	-$523.00K	-$1.42M	$2.06M
Capital Expenditure	-$631.00K	-$776.00K	-$613.00K	-$865.00K	-$605.00K
Free Cash Flow	-$786.00K	$385.00K	-$1.14M	-$2.28M	$1.46M
Investing Cash Flow	-$631.00K	-$776.00K	-$613.00K	-$865.00K	-$605.00K
Financing Cash Flow	$0.00	-$583.00K	-$375.00K	-$616.00K	$0.00
Dividends Paid	$0.00	—	—	$0.00	$0.00
Share Repurchases	$0.00	-$583.00K	-$375.00K	-$616.00K	$0.00
Net Change in Cash	-$786.00K	-$198.00K	-$1.51M	-$2.90M	$1.46M

Market Snapshot

About

Frequency Electronics, Inc. designs, develops, and manufactures high-precision timing, frequency generation, and synchronization products for defense and commercial applications. The company's products include quartz crystal oscillators, rubidium atomic clocks, and precision timing systems used in satellites, missiles, and communications equipment. Frequency Electronics serves government agencies, aerospace prime contractors, and commercial satellite operators worldwide. The company's technology is critical for applications requiring extremely accurate timekeeping and frequency control. Long development cycles and specialized engineering expertise create barriers to entry in this niche market.