Revenue growth has accelerated to 21.5% in 2025Q4, though structural constraints limit consolidated gross margins to approximately 23.88%.
| Metric | 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 | 50.57M | 39.95M | 44.18M | 41.51M | 33.63M | 33.55M | 33.82M | 32.65M | 28.93M | 27.43M | 25.6M | 27.6M | 25.9M | 24.5M | 33.43M | 30.19M | 25.47M | 50.85M | 23.77M | 20.92M | 27.05M | 8.28M | 5.73M | 9.44M | 59.21M | 85.25M | 65.27M | 27.2M | 7.1M | 7.4M |
| Revenue Growth % | 26.58% | -9.57% | 6.43% | 23.42% | 0.25% | -0.79% | 3.57% | 12.85% | 5.49% | 7.14% | -7.25% | 6.56% | 5.71% | -26.71% | 10.76% | 18.53% | -49.92% | 113.88% | 13.66% | -22.68% | 226.65% | 44.59% | -39.33% | -84.06% | -30.54% | 30.6% | 139.97% | 283.1% | -4.05% | - |
| Cost of Goods Sold | 38.49M | 30.66M | 34.97M | 32.45M | 27.05M | 27.43M | 27.16M | 25.91M | 22.59M | 22.11M | 20.46M | 22.56M | 20.87M | 19.43M | 26.92M | 22.7M | 21.98M | 40.85M | 19.1M | 16.58M | 20.11M | 4.61M | 1.79M | 2.3M | 49.29M | 69.08M | 52.62M | 17.3M | 1.8M | 1.9M |
| COGS % of Revenue | 76.12% | 76.74% | 79.16% | 78.17% | 80.42% | 81.77% | 80.31% | 79.35% | 78.07% | 80.62% | 79.93% | 81.72% | 80.58% | 79.32% | 80.53% | 75.21% | 86.29% | 80.34% | 80.34% | 79.26% | 74.33% | 55.64% | 31.32% | 24.36% | 83.24% | 81.03% | 80.61% | 63.6% | 25.35% | 25.68% |
| Gross Profit | 12.07M | 9.29M | 9.21M | 9.06M | 6.59M | 6.12M | 6.66M | 6.74M | 6.34M | 5.32M | 5.14M | 5.04M | 5.03M | 5.07M | 6.51M | 7.48M | 3.49M | 10M | 4.67M | 4.34M | 6.94M | 3.67M | 3.93M | 7.14M | 9.92M | 16.17M | 12.66M | 9.9M | 5.3M | 5.5M |
| Gross Margin % | 23.88% | 23.26% | 20.84% | 21.83% | 19.58% | 18.23% | 19.69% | 20.65% | 21.93% | 19.38% | 20.07% | 18.28% | 19.42% | 20.68% | 19.47% | 24.79% | 13.71% | 19.66% | 19.66% | 20.74% | 25.67% | 44.36% | 68.68% | 75.64% | 16.76% | 18.97% | 19.39% | 36.4% | 74.65% | 74.32% |
| Gross Profit Growth % | 29.92% | 0.92% | 1.64% | 37.56% | 7.65% | -8.11% | -1.26% | 6.27% | 19.38% | 3.47% | 1.82% | 0.28% | -0.73% | -22.15% | -13% | 114.35% | -65.09% | 113.88% | 7.74% | -37.51% | 89% | -6.61% | -44.91% | -28.02% | -38.64% | 27.75% | 27.85% | 86.79% | -3.64% | - |
| Operating Expenses | 7.97M | 6.68M | 6.81M | 7.21M | 6.07M | 5.78M | 6.32M | 5.54M | 5.26M | 4.61M | 4.45M | 4.92M | 4.45M | 4.88M | 6.93M | 6.23M | 7.79M | 12.59M | 6.43M | 5.77M | 9.06M | 5.21M | 5.34M | 7.58M | 15.65M | 15.43M | 14M | 11.1M | 7.6M | 6.1M |
| OpEx % of Revenue | 15.75% | 16.73% | 15.42% | 17.37% | 18.04% | 17.23% | 18.69% | 16.96% | 18.18% | 16.8% | 17.38% | 17.84% | 17.17% | 19.9% | 20.72% | 20.62% | 30.59% | 24.75% | 27.03% | 27.6% | 33.48% | 62.97% | 93.24% | 80.33% | 26.44% | 18.1% | 21.45% | 40.81% | 107.04% | 82.43% |
| Selling, General & Admin | 7.79M | 6.51M | 6.65M | 7.05M | 5.86M | 5.67M | 6.32M | 5.54M | 5.26M | 4.61M | 4.45M | 4.92M | 4.45M | 4.88M | 6.53M | 5.85M | 7.43M | 11.74M | 5.79M | 5.29M | 6.83M | 3.41M | 3.5M | 5.4M | 15.67M | 13.25M | 10.3M | 7.9M | 5.4M | 4.6M |
| SG&A % of Revenue | 15.4% | 16.29% | 15.06% | 16.97% | 17.43% | 16.9% | 18.69% | 16.96% | 18.18% | 16.8% | 17.38% | 17.84% | 17.17% | 19.9% | 19.52% | 19.39% | 29.18% | 23.09% | 24.36% | 25.28% | 25.25% | 41.19% | 61.02% | 57.22% | 26.47% | 15.55% | 15.79% | 29.04% | 76.06% | 62.16% |
| Research & Development | 178K | 175K | 158K | 166K | 208K | 112K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 125K | 403K | 372K | 360K | 844K | 636K | 486K | 2.31M | 1.8M | 1.85M | 2.18M | 1.76M | 2.18M | 1.49M | 1.8M | 1.8M | 1.2M |
| R&D % of Revenue | 0.35% | 0.44% | 0.36% | 0.4% | 0.62% | 0.33% | - | - | - | - | - | - | - | 0.51% | 1.21% | 1.23% | 1.41% | 1.66% | 2.68% | 2.32% | 8.55% | 21.78% | 32.23% | 23.11% | 2.97% | 2.55% | 2.28% | 6.62% | 25.35% | 16.22% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -125K | 0 | 0 | 0 | 0 | 0 | 0 | 84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 4.11M | 2.61M | 2.4M | 1.85M | 517K | 337K | -631K | 1.2M | 1.09M | 706K | 688K | 120K | 584K | 192K | -418K | 1.26M | -6.09M | -2.59M | -1.75M | -1.06M | -2.11M | -1.54M | -1.75M | -443K | -7.51M | -2.7M | -1.35M | -1.2M | -2.3M | -600K |
| Operating Margin % | 8.12% | 6.54% | 5.43% | 4.45% | 1.54% | 1% | -1.87% | 3.69% | 3.75% | 2.57% | 2.69% | 0.43% | 2.25% | 0.78% | -1.25% | 4.16% | -23.93% | -5.09% | -7.37% | -5.05% | -7.81% | -18.61% | -30.48% | -4.69% | -12.68% | -3.16% | -2.06% | -4.41% | -32.39% | -8.11% |
| Operating Income Growth % | 57.27% | 8.92% | 29.76% | 257.45% | 53.41% | 153.41% | -152.41% | 10.87% | 53.82% | 2.62% | 473.33% | -79.45% | 204.17% | 145.93% | -133.25% | 120.62% | -135.69% | -47.6% | -65.91% | 50.05% | -37.18% | 11.74% | -294.13% | 94.1% | -178.41% | -100.15% | -12.25% | 47.83% | -283.33% | - |
| EBITDA | 4.59M | 3.17M | 2.91M | 2.21M | 775K | 648K | -275K | 1.49M | 1.33M | 954K | 893K | 389K | 936K | 555K | 238K | 1.87M | -5.44M | -1.91M | -1.16M | -678K | -1.53M | -1.19M | -1.34M | 144K | -3.43M | 739K | 867K | 200K | -1.9M | -300K |
| EBITDA Margin % | 9.07% | 7.94% | 6.58% | 5.32% | 2.3% | 1.93% | -0.81% | 4.57% | 4.6% | 3.48% | 3.49% | 1.41% | 3.61% | 2.27% | 0.71% | 6.19% | -21.37% | -3.76% | -4.9% | -3.24% | -5.67% | -14.37% | -23.36% | 1.53% | -5.79% | 0.87% | 1.33% | 0.74% | -26.76% | -4.05% |
| EBITDA Growth % | 44.67% | 9.04% | 31.69% | 185.03% | 19.6% | 335.64% | -118.42% | 12.17% | 39.52% | 6.83% | 129.56% | -58.44% | 68.65% | 133.19% | -87.26% | 134.33% | -184.62% | -64.26% | -71.68% | 55.77% | -28.82% | 11.06% | -1029.17% | 104.2% | -564.14% | -14.76% | 333.5% | 110.53% | -533.33% | - |
| D&A (Non-Cash Add-back) | 481K | 560K | 511K | 361K | 258K | 311K | 356K | 289K | 245K | 248K | 205K | 269K | 352K | 363K | 656K | 611K | 653K | 674K | 588K | 378K | 581K | 351K | 408K | 587K | 4.08M | 3.44M | 2.21M | 1.4M | 400K | 300K |
| EBIT | 4.17M | 1.5M | 2.41M | 1.59M | 614K | -655K | -716K | 1.14M | 1.05M | 701K | 623K | 160K | 555K | -55K | -2.13M | 1.22M | -7.66M | -5.78M | -8.04M | -988K | -1M | -1.38M | -1.07M | -443K | -4.34M | -37.38M | -1.35M | -1.18M | -2.35M | -500K |
| Net Interest Income | -673K | -139K | -402K | -306K | -202K | -305K | -245K | -192K | -258K | -307K | -310K | -383K | -540K | -676K | -2.01M | -1.01M | -606K | -636K | -585K | -694K | -427K | -356K | -97K | -88K | -1.02M | -663K | 0 | -100K | 0 | 0 |
| Interest Income | 0 | 58K | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 0 | 1K | 71K | 2K | 5K | 3K | 173K | 9K | 127K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 673K | 197K | 402K | 306K | 202K | 305K | 245K | 192K | 259K | 307K | 311K | 444K | 542K | 681K | 2.24M | 961K | 903K | 763K | 585K | 694K | 427K | 356K | 97K | 88K | 1.02M | 663K | 0 | 100K | 0 | 0 |
| Other Income/Expense | -610K | -1.31M | -389K | -566K | -105K | -1.3M | -330K | -255K | -297K | -339K | -376K | -445K | -571K | -928K | -2.97M | -1.08M | -2.46M | -3.96M | -6.87M | -626K | 686K | -158K | -1.13M | 443K | -8.66M | 29.72M | 969K | -1.12M | -200K | -2.5M |
| Pretax Income | 3.5M | 1.3M | 2.01M | 1.28M | 412K | -960K | -961K | 949K | 789K | 367K | 312K | -325K | 13K | -736K | -3.39M | 176K | -8.56M | -6.54M | -8.62M | -1.68M | -1.43M | -1.7M | -2.88M | -728K | -13.13M | -7.75M | -378K | -2.3M | -2.5M | -3.1M |
| Pretax Margin % | 6.92% | 3.25% | 4.55% | 3.09% | 1.23% | -2.86% | -2.84% | 2.91% | 2.73% | 1.34% | 1.22% | -1.18% | 0.05% | -3% | -10.13% | 0.58% | -33.61% | -12.87% | -36.27% | -8.04% | -5.28% | -20.51% | -50.28% | -7.71% | -22.18% | -9.09% | -0.58% | -8.46% | -35.21% | -41.89% |
| Income Tax | -113K | -1M | 4K | 6K | -39K | 0 | -48K | -41K | 16K | 7K | -22K | 108K | 13K | -187K | -172K | 5K | 541K | -403K | 9K | -89K | 204K | 20K | -1.01M | 7.66M | -163K | -55K | 688K | 100K | -100K | 2.2M |
| Effective Tax Rate % | -3.23% | -76.92% | 0.2% | 0.47% | -9.47% | 0% | 4.99% | -4.32% | 2.03% | 1.91% | -7.05% | -33.23% | 100% | 25.41% | 5.08% | 2.84% | -6.32% | 6.16% | -0.1% | 5.29% | -14.29% | -1.18% | 35.1% | -1052.75% | 1.24% | 0.71% | -182.01% | -4.35% | 4% | -70.97% |
| Net Income | 3.61M | 2.3M | 2M | 1.28M | 451K | -960K | -913K | 990K | 773K | 360K | 334K | -433K | 0 | -549K | -3.21M | -635K | -9.1M | -6.4M | -8.4M | 92K | -3.6M | -2.05M | -396K | -8.11M | -12.97M | -7.7M | -1.07M | -2.4M | -2.4M | -2.8M |
| Net Margin % | 7.14% | 5.76% | 4.54% | 3.07% | 1.34% | -2.86% | -2.7% | 3.03% | 2.67% | 1.31% | 1.3% | -1.57% | - | -2.24% | -9.61% | -2.1% | -35.74% | -12.59% | -35.32% | 0.44% | -13.33% | -24.79% | -6.91% | -85.87% | -21.91% | -9.03% | -1.63% | -8.82% | -33.8% | -37.84% |
| Net Income Growth % | 57% | 14.71% | 57.13% | 182.93% | 146.98% | -5.15% | -192.22% | 28.07% | 114.72% | 7.78% | 177.14% | - | 100% | 82.92% | -406.14% | 93.02% | -42.2% | 23.77% | -9226.09% | 102.55% | -75.6% | -418.43% | 95.12% | 37.49% | -68.55% | -621.86% | 55.58% | 0% | 14.29% | - |
| Net Income (Continuing) | 3.61M | 2.3M | 2M | 1.28M | 451K | -960K | -913K | 990K | 773K | 360K | 334K | -433K | 0 | -549K | -3.21M | 171K | -9.1M | -6.14M | -8.63M | -1.59M | -1.63M | -1.72M | -2.06M | -433K | -4.66M | -4.95M | -1.07M | -2.4M | -2.4M | -2.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9K | 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 | 809K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.57 | 0.39 | 0.34 | 0.23 | 0.08 | -0.22 | -0.23 | 0.28 | 0.24 | 0.14 | 0.17 | -0.30 | 0.00 | -0.49 | -4.56 | -0.92 | -13.97 | -10.68 | -19.40 | 0.27 | -12.80 | -8.80 | -2.20 | -52.00 | -83.76 | -49.77 | -8.93 | -23.20 | -25.60 | -34.40 |
| EPS Growth % | 46.15% | 14.71% | 47.83% | 176.78% | 137.77% | 4.35% | -182.14% | 16.67% | 71.43% | -17.65% | 156.67% | - | 100% | 89.25% | -395.65% | 93.41% | -30.81% | 44.95% | -7285.19% | 102.11% | -45.45% | -300% | 95.77% | 37.92% | -68.29% | -457.33% | 61.51% | 9.38% | 25.58% | - |
| EPS (Basic) | 0.59 | 0.40 | 0.35 | 0.23 | 0.09 | -0.22 | -0.23 | 0.28 | 0.24 | 0.14 | 0.17 | -0.30 | 0.00 | -0.49 | -4.56 | -0.97 | -13.97 | -10.68 | -19.40 | 0.20 | -12.80 | -8.80 | -2.20 | -52.00 | -84.60 | -51.60 | -8.93 | -23.20 | -25.60 | -34.40 |
| Diluted Shares Outstanding | 6.31M | 5.89M | 5.91M | 5.59M | 5.42M | 4.3M | 4.05M | 3.5M | 3.17M | 2.59M | 1.97M | 1.45M | 1.17M | 1.12M | 705K | 690K | 651.5K | 599K | 432.78K | 339.65K | 281.64K | 233.29K | 179.67K | 155.9K | 154.85K | 154.61K | 119.39K | 103.45K | 93.75K | 81.39K |
| Basic Shares Outstanding | 6.16M | 5.76M | 5.73M | 5.55M | 5.21M | 4.3M | 4.05M | 3.5M | 3.17M | 2.59M | 1.97M | 1.44M | 1.17M | 1.12M | 705K | 656K | 651.5K | 599K | 432.78K | 333.75K | 281.64K | 233.29K | 179.67K | 155.9K | 153.31K | 149.13K | 119.39K | 103.45K | 93.75K | 81.39K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Regional geopolitical operational disruption
According to the provided quarterly income statements, BOSC achieved a notable 26.58% year-over-year revenue growth trend, suggesting that the company is successfully capturing increased demand within its specialized industrial and defense-linked supply chain segments despite historical fluctuations in quarterly performance across the last ten periods.
The recent revenue acceleration appears to be supported by the company's dual-role in custom robotics and component distribution. Investors should monitor whether this growth represents a sustainable expansion of the client base or merely a temporary surge in project-based activity within the Israeli defense sector.
As reported in financial statements, BOSC maintains a consolidated gross margin of approximately 23.88%, which reflects the inherent limitations of a business model heavily reliant on high-volume component distribution rather than high-margin proprietary software or standardized hardware products that typically command premium pricing in the market.
The margin profile suggests that while the company is operationally efficient, it lacks the significant pricing power seen in larger peers like Zebra Technologies. Future margin expansion appears contingent on the company's ability to shift its revenue mix toward higher-value custom robotics and away from lower-margin distribution services.
Based on the reported figures, BOSC's operating income has not consistently scaled faster than gross profit, with operating margins hovering around 8.12%, indicating that the company's cost structure remains largely variable rather than benefiting from the significant economies of scale typical of pure-play technology manufacturers.
The lack of dramatic operating leverage suggests that the company's SG&A expenses are closely tied to revenue generation, likely due to the service-intensive nature of its custom integration work. This structure may protect the company during downturns but limits the potential for explosive earnings growth during periods of high demand.
Data from the income statement indicates that BOSC has maintained consistent profitability with a 7.14% net margin, and the relatively low stock-based compensation expense of $114K in 2025Q4 suggests that reported earnings are not being significantly diluted by aggressive equity-based incentive programs for management.
The company's ability to convert revenue into net income appears stable, though investors should remain cautious regarding the potential for lumpy revenue recognition in the robotics division. The absence of significant non-operating items suggests that the reported EPS is a reliable reflection of core operational performance.
While the company shows financial stability, the primary risk remains its heavy concentration in the Israeli market, where regional instability could disrupt logistics and labor, as evidenced by the sensitivity of the supply chain division to local aerospace and defense spending cycles.
Short-term investors should consider that the current revenue growth may be vulnerable to sudden shifts in regional defense budgets or global component lead times. The reliance on bespoke engineering projects may also create significant downside risk if industrial capital expenditure among key clients experiences a cyclical contraction.
Quick answers to the most common questions about buying BOSC stock.
For fiscal year 2025, B.O.S. Better Online Solutions Ltd. (BOSC) reported total revenue of $50.6M. This represents a 583.4% increase compared to $7.4M in 1996.
B.O.S. Better Online Solutions Ltd. (BOSC) is profitable, generating $3.6M in net income for the fiscal year ending 2025 with a net profit margin of 7.1%.
B.O.S. Better Online Solutions Ltd. (BOSC) reported an operating income of $4.1M, resulting in an operating profit margin of 8.1%. This margin reflects the operational efficiency of the business before interest and taxes.
B.O.S. Better Online Solutions Ltd. (BOSC) generated $12.1M in gross profit for the year, representing a gross profit margin of 23.9%. This demonstrates the company's core pricing power and production efficiency.