Revenue growth is supported by the BKR 9000 product line, with operating income scaling from $0.98 million in 2024Q1 to $3.3 million in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 88.38M | 86.14M | 76.59M | 74.09M | 50.95M | 45.36M | 44.14M | 40.1M | 49.38M | 39.4M | 50.69M | 29.72M | 30.97M | 27.02M | 27.58M | 24.1M | 25.95M | 27.99M | 19.18M | 26.98M | 32.45M | 28.52M | 20.66M | 19.73M | 15.98M | 22.81M | 21.05M | 22.4M | 29.5M | 45.4M | 68.7M |
| Revenue Growth % | 14.16% | 12.46% | 3.37% | 45.42% | 12.32% | 2.78% | 10.07% | -18.79% | 25.35% | -22.28% | 70.54% | -4.03% | 14.61% | -2.01% | 14.4% | -7.13% | -7.27% | 45.97% | -28.92% | -16.86% | 13.77% | 38.07% | 4.7% | 23.47% | -29.95% | 8.34% | -6.01% | -24.07% | -35.02% | -33.92% | -16.01% |
| Cost of Goods Sold | 44.27M | 44.11M | 47.54M | 51.86M | 41.11M | 29.1M | 26.11M | 24.45M | 29.4M | 29.84M | 33.61M | 17.44M | 17.78M | 15.28M | 14.51M | 13.97M | 14.63M | 14.32M | 10.11M | 13.15M | 14.97M | 13.84M | 11.57M | 12.11M | 11.76M | 16.19M | 14.24M | 15.1M | 21.6M | 37.2M | 49.9M |
| COGS % of Revenue | - | 51.21% | 62.07% | 69.99% | 80.68% | 64.15% | 59.15% | 60.97% | 59.54% | 75.76% | 66.31% | 58.68% | 57.42% | 56.53% | 52.62% | 57.97% | 56.36% | 51.17% | 52.7% | 48.76% | 46.13% | 48.54% | 56.02% | 61.39% | 73.6% | 70.98% | 67.66% | 67.41% | 73.22% | 81.94% | 72.63% |
| Gross Profit | 44.11M | 42.03M | 29.05M | 22.24M | 9.84M | 16.26M | 18.03M | 15.65M | 19.98M | 9.55M | 17.08M | 12.28M | 13.19M | 11.75M | 13.06M | 10.13M | 11.33M | 13.67M | 9.07M | 13.82M | 17.48M | 14.68M | 9.09M | 7.62M | 4.22M | 6.62M | 6.81M | 7.3M | 7.9M | 8.2M | 18.8M |
| Gross Margin % | 49.91% | 48.79% | 37.93% | 30.01% | 19.32% | 35.85% | 40.85% | 39.03% | 40.46% | 24.24% | 33.69% | 41.32% | 42.58% | 43.47% | 47.38% | 42.03% | 43.64% | 48.83% | 47.3% | 51.24% | 53.87% | 51.46% | 43.98% | 38.61% | 26.4% | 29.02% | 32.34% | 32.59% | 26.78% | 18.06% | 27.37% |
| Gross Profit Growth % | - | 44.67% | 30.64% | 125.88% | -39.46% | -9.81% | 15.2% | -21.65% | 109.18% | -44.08% | 39.04% | -6.86% | 12.26% | -10.09% | 28.95% | -10.55% | -17.12% | 50.67% | -34.38% | -20.91% | 19.09% | 61.53% | 19.29% | 80.56% | -36.27% | -2.79% | -6.73% | -7.59% | -3.66% | -56.38% | -6.93% |
| Operating Expenses | 27.75M | 26.04M | 21.22M | 23.01M | 20.93M | 17.46M | 17.04M | 20.04M | 17.55M | 14.58M | 12.79M | 10.85M | 10.66M | 10.11M | 10.17M | 10.79M | 11.96M | 10.17M | 12.12M | 11.55M | 11.87M | 9.15M | 7.16M | 6.35M | 7.55M | 5.93M | 8.36M | 9M | 11.2M | 13.9M | 17.6M |
| OpEx % of Revenue | - | 30.23% | 27.71% | 31.06% | 41.07% | 38.48% | 38.6% | 49.97% | 35.54% | 37% | 25.24% | 36.51% | 34.42% | 37.4% | 36.89% | 44.74% | 46.06% | 36.33% | 63.2% | 42.83% | 36.58% | 32.09% | 34.67% | 32.19% | 47.26% | 25.98% | 39.7% | 40.18% | 37.97% | 30.62% | 25.62% |
| Selling, General & Admin | 16.23M | 15.47M | 21.22M | 23.01M | 20.93M | 17.46M | 17.04M | 20.04M | 17.55M | 14.58M | 12.79M | 10.85M | 10.66M | 10.11M | 10.17M | 10.79M | 11.96M | 10.17M | 12.12M | 11.55M | 11.87M | 9.15M | 7.16M | 6.35M | 6.48M | 5.93M | 6.93M | 7.5M | 9.9M | 12.1M | 14.8M |
| SG&A % of Revenue | - | 17.96% | 27.71% | 31.06% | 41.07% | 38.48% | 38.6% | 49.97% | 35.54% | 37% | 25.24% | 36.51% | 34.42% | 37.4% | 36.89% | 44.74% | 46.06% | 36.33% | 63.2% | 42.83% | 36.58% | 32.09% | 34.67% | 32.19% | 40.53% | 25.98% | 32.92% | 33.48% | 33.56% | 26.65% | 21.54% |
| Research & Development | 11.73M | 10.57M | 7.84M | 9.33M | 9.6M | 8.2M | 0 | 9.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 12.27% | 10.24% | 12.6% | 18.85% | 18.08% | - | 24.45% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -220K | 0 | -7.84M | -9.33M | -9.6M | -8.2M | 0 | -9.8M | 0 | -106K | -22K | -45K | -6K | 16K | -9K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.07M | 0 | 1.43M | 1.5M | 1.3M | 1.8M | 2.8M |
| Operating Income | 16.36M | 15.99M | 7.83M | -777K | -11.08M | -1.2M | 994K | -4.38M | 2.42M | -5.03M | 4.29M | 1.43M | 2.53M | 1.64M | 2.89M | -653K | -628K | 3.5M | -3.05M | 2.27M | 5.61M | 5.52M | 1.92M | 1.27M | -3.33M | 693K | -1.55M | -1.7M | -3.3M | -5.7M | 1.2M |
| Operating Margin % | 18.51% | 18.56% | 10.22% | -1.05% | -21.75% | -2.64% | 2.25% | -10.94% | 4.91% | -12.76% | 8.45% | 4.81% | 8.16% | 6.07% | 10.49% | -2.71% | -2.42% | 12.5% | -15.9% | 8.41% | 17.28% | 19.37% | 9.31% | 6.42% | -20.86% | 3.04% | -7.36% | -7.59% | -11.19% | -12.56% | 1.75% |
| Operating Income Growth % | - | 104.23% | 1107.46% | 92.99% | -826.5% | -220.32% | 122.67% | -280.82% | 148.24% | -217.32% | 199.65% | -43.43% | 54.05% | -43.28% | 543.03% | -3.98% | -117.95% | 214.76% | -234.44% | -59.56% | 1.52% | 187.11% | 51.97% | 137.98% | -580.95% | 144.71% | 8.82% | 48.48% | 42.11% | -575% | 700% |
| EBITDA | 18.43M | 17.77M | 9.52M | 858K | -9.66M | 198K | 2.34M | -3.17M | 3.35M | -4.08M | 5.23M | 2.34M | 3.71M | 3.12M | 4.25M | 759K | 183K | 4.17M | -2.67M | 2.66M | 6.14M | 6.07M | 2.6M | 1.94M | -2.55M | 685K | -121K | -200K | -2M | -3.9M | 4M |
| EBITDA Margin % | 20.85% | 20.62% | 12.43% | 1.16% | -18.96% | 0.44% | 5.3% | -7.9% | 6.78% | -10.37% | 10.31% | 7.89% | 11.99% | 11.53% | 15.4% | 3.15% | 0.71% | 14.9% | -13.9% | 9.85% | 18.92% | 21.29% | 12.6% | 9.84% | -15.93% | 3% | -0.57% | -0.89% | -6.78% | -8.59% | 5.82% |
| EBITDA Growth % | 60.61% | 86.61% | 1009.56% | 108.88% | -4977.78% | -91.53% | 173.85% | -194.62% | 181.91% | -178.15% | 122.99% | -36.87% | 19.16% | -26.65% | 459.68% | 314.75% | -95.61% | 256.51% | -200.26% | -56.7% | 1.1% | 133.36% | 34.05% | 176.24% | -471.68% | 666.12% | 39.5% | 90% | 48.72% | -197.5% | 81.82% |
| D&A (Non-Cash Add-back) | 2.07M | 1.78M | 1.69M | 1.64M | 1.42M | 1.39M | 1.34M | 1.22M | 921K | 942K | 942K | 914K | 1.19M | 1.48M | 1.35M | 1.41M | 811K | 672K | 384K | 390K | 531K | 548K | 678K | 675K | 787K | -8K | 1.43M | 1.5M | 1.3M | 1.8M | 2.8M |
| EBIT | 16.32M | 15.99M | 7.64M | -1.6M | -11.49M | -1.2M | 994K | -4.38M | -472K | -4.79M | 4.29M | 1.43M | 2.53M | 1.64M | 2.88M | -659K | -623K | 3.5M | -2.9M | 2.27M | 5.61M | 5.52M | 1.92M | 1.27M | -3.33M | 693K | -1.55M | -1.7M | -3.3M | -5.7M | 800K |
| Net Interest Income | 353K | 0 | -266K | -575K | -144K | -53K | -8K | 150K | 102K | 46K | 9K | 1K | 1K | 0 | -3K | -106K | -29K | -41K | 143K | 598K | 285K | -41K | -291K | -442K | -456K | -579K | -933K | 0 | -800K | 0 | -700K |
| Interest Income | 392K | 0 | 0 | 0 | 0 | 0 | 0 | 150K | 102K | 46K | 9K | 1K | 1K | 0 | 1K | 1K | 1K | 6K | 150K | 602K | 306K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 39K | 0 | 266K | 575K | 144K | 53K | 8K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4K | 107K | 30K | 47K | 7K | 4K | 21K | 41K | 291K | 442K | 456K | 579K | 933K | 0 | 800K | 6.7M | 700K |
| Other Income/Expense | 399K | 130K | -453K | -1.4M | -552K | -318K | -797K | 762K | -2.9M | 242K | -13K | -44K | -5K | 16K | -12K | -113K | -25K | -45K | 137K | 549K | 317K | 3K | -264K | -385K | -298K | -693K | 1.32M | 500K | -900K | -2.4M | -2.4M |
| Pretax Income | 16.76M | 16.12M | 7.38M | -2.18M | -11.63M | -1.51M | 197K | -3.62M | -472K | -4.79M | 4.27M | 1.39M | 2.52M | 1.66M | 2.88M | -766K | -653K | 3.45M | -2.91M | 2.82M | 5.92M | 5.53M | 1.66M | 881K | -3.63M | 701K | -229K | -1.2M | -4.2M | -8.1M | 100K |
| Pretax Margin % | 18.96% | 18.71% | 9.63% | -2.94% | -22.83% | -3.34% | 0.45% | -9.03% | -0.96% | -12.15% | 8.43% | 4.66% | 8.15% | 6.13% | 10.45% | -3.18% | -2.52% | 12.34% | -15.19% | 10.44% | 18.26% | 19.38% | 8.04% | 4.47% | -22.73% | 3.07% | -1.09% | -5.36% | -14.24% | -17.84% | 0.15% |
| Income Tax | 2.59M | 2.58M | -984K | 54K | 0 | 187K | 3K | -987K | -277K | -1.16M | 1.58M | 345K | 900K | 515K | 816K | -273K | 7K | 1.09M | -1.29M | 971K | 2.5M | -4.76M | -6.22M | 13K | 0 | -8K | -2.38M | 100K | 2.2M | 3.9M | 300K |
| Effective Tax Rate % | 15.47% | 16.01% | -13.34% | -2.48% | 0% | -12.35% | 1.52% | 27.24% | 58.69% | 24.22% | 37.06% | 24.89% | 35.67% | 31.08% | 28.32% | 35.64% | -1.07% | 31.59% | 44.16% | 34.47% | 42.16% | -86.21% | -374.52% | 1.48% | 0% | -1.14% | 1037.55% | -8.33% | -52.38% | -48.15% | 300% |
| Net Income | 14.17M | 13.54M | 8.36M | -2.23M | -11.63M | -1.7M | 194K | -2.64M | -195K | -3.63M | 2.69M | 1.04M | 1.62M | 1.14M | 2.06M | -493K | -660K | 2.36M | -1.63M | 1.85M | 3.43M | 10.29M | 7.88M | 868K | -3.63M | 122K | -1.43M | -2.3M | -5.4M | -14.8M | -4M |
| Net Margin % | 16.03% | 15.71% | 10.91% | -3.01% | -22.83% | -3.75% | 0.44% | -6.57% | -0.39% | -9.2% | 5.3% | 3.5% | 5.24% | 4.23% | 7.49% | -2.05% | -2.54% | 8.44% | -8.48% | 6.84% | 10.56% | 36.09% | 38.13% | 4.4% | -22.73% | 0.53% | -6.78% | -10.27% | -18.31% | -32.6% | -5.82% |
| Net Income Growth % | 44.4% | 61.93% | 474.84% | 80.83% | -583.89% | -976.8% | 107.36% | -1251.79% | 94.62% | -234.85% | 158.31% | -35.86% | 42.12% | -44.7% | 518.86% | 25.3% | -127.93% | 245.33% | -188.08% | -46.13% | -66.7% | 30.66% | 807.49% | 123.91% | -3076.23% | 108.54% | 37.91% | 57.41% | 63.51% | -270% | -463.64% |
| Net Income (Continuing) | 14.17M | 13.54M | 8.36M | -2.23M | -11.63M | -1.7M | 194K | -2.64M | -195K | -3.63M | 2.69M | 1.04M | 1.62M | 1.14M | 2.06M | -493K | -660K | 2.36M | -1.63M | 1.85M | 3.43M | 10.29M | 7.88M | 868K | -3.63M | 122K | -1.16M | -2.3M | -4.9M | -12M | -1.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.53 | 3.44 | 2.25 | -0.65 | -3.44 | -0.57 | 0.08 | -1.04 | -0.07 | -1.35 | 0.95 | 0.38 | 0.59 | 0.40 | 0.75 | -0.18 | -0.24 | 0.85 | -0.61 | 0.65 | 1.20 | 3.75 | 3.25 | 0.45 | -2.33 | 0.10 | -1.35 | -2.25 | -5.35 | -14.60 | -3.90 |
| EPS Growth % | 38.76% | 52.89% | 446.15% | 81.1% | -503.51% | -838.34% | 107.42% | -1336.46% | 94.64% | -242.11% | 150% | -35.59% | 47.5% | -46.67% | 516.67% | 25% | -128.24% | 239.34% | -193.85% | -45.83% | -68% | 15.38% | 622.22% | 119.31% | -2430% | 107.41% | 40% | 57.94% | 63.36% | -274.36% | -454.55% |
| EPS (Basic) | - | 3.69 | 2.35 | -0.65 | -3.44 | -0.57 | 0.08 | -1.04 | -0.07 | -1.33 | 0.98 | 0.38 | 0.59 | 0.42 | 0.76 | -0.18 | -0.24 | 0.90 | -0.61 | 0.70 | 1.30 | 3.95 | 3.40 | 0.50 | -2.33 | 0.10 | -1.35 | -2.25 | -5.35 | -14.60 | -3.90 |
| Diluted Shares Outstanding | 4.01M | 3.94M | 3.71M | 3.43M | 3.38M | 2.99M | 2.51M | 2.54M | 2.69M | 2.72M | 2.83M | 2.77M | 2.75M | 2.86M | 2.75M | 2.7M | 2.7M | 2.72M | 2.68M | 2.81M | 2.84M | 2.74M | 2.43M | 1.83M | 1.56M | 1.22M | 1.06M | 1.02M | 1.01M | 1.01M | 1.03M |
| Basic Shares Outstanding | 3.74M | 3.67M | 3.55M | 3.43M | 3.38M | 2.99M | 2.51M | 2.54M | 2.69M | 2.69M | 2.76M | 2.74M | 2.73M | 2.73M | 2.71M | 2.7M | 2.7M | 2.68M | 2.68M | 2.67M | 2.66M | 2.61M | 2.31M | 1.8M | 1.56M | 1.22M | 1.06M | 1.02M | 1.01M | 1.01M | 1.03M |
| Dividend Payout Ratio | - | - | - | - | - | - | 516.49% | - | - | - | 91.97% | - | - | - | - | - | - | - | - | 362.84% | - | - | - | - | - | - | - | - | - | - | - |
Supply chain component dependency
According to the provided quarterly income statements, BKTI has demonstrated a consistent revenue expansion, with the most recent period reporting $21.3 million in revenue, representing an 11.8% year-over-year growth rate as the company successfully scales its BKR 9000 product line within the public safety sector.
The revenue trajectory appears to be shifting from stagnant levels observed in early 2024 toward a more consistent growth profile. This suggests that the company's strategic focus on multi-band radio adoption is successfully capturing market share, though investors should monitor whether this momentum can persist beyond the current federal spending cycle.
As reported in financial filings, BKTI has achieved a notable improvement in gross margins, which climbed from 34.5% in 2024Q1 to 51.8% in 2026Q1, indicating enhanced pricing power and a more favorable product mix as the company transitions toward higher-tier, P25-compliant hardware solutions.
The significant expansion in gross margin suggests that the company is successfully moving away from lower-margin legacy products toward more specialized, high-value offerings. This trend warrants further investigation into whether these gains are sustainable or if they remain vulnerable to future fluctuations in semiconductor and RF component spot-pricing.
Based on the company's reported figures, operating income has scaled from $0.98 million in 2024Q1 to $3.3 million in 2026Q1, demonstrating that BKTI is effectively managing its overhead costs while simultaneously growing its top-line revenue through increased operational efficiency and disciplined expense management.
The ability to grow operating income faster than revenue suggests that the company is beginning to realize meaningful economies of scale. Investors should monitor whether this operating leverage remains intact as the company increases R&D spending to support its new software-as-a-service initiatives.
Data from recent income statements indicates that BKTI has maintained a disciplined approach to SG&A expenses, which have remained relatively stable despite the company's revenue growth, suggesting that management is successfully controlling administrative overhead while prioritizing investments in critical R&D for the BKR 9000 series.
The company's ability to keep SG&A growth below revenue growth is a positive indicator of operational maturity. However, the reliance on specialized components means that any future supply chain disruptions could quickly reverse these gains by forcing higher procurement costs through the COGS line.
Quick answers to the most common questions about buying BKTI stock.
For fiscal year 2025, BK Technologies Corporation (BKTI) reported total revenue of $86.1M. This represents a 25.4% increase compared to $68.7M in 1996.
BK Technologies Corporation (BKTI) is profitable, generating $13.5M in net income for the fiscal year ending 2025 with a net profit margin of 15.7%.
BK Technologies Corporation (BKTI) reported an operating income of $16.0M, resulting in an operating profit margin of 18.6%. This margin reflects the operational efficiency of the business before interest and taxes.
BK Technologies Corporation (BKTI) generated $42.0M in gross profit for the year, representing a gross profit margin of 48.8%. This demonstrates the company's core pricing power and production efficiency.