Revenue has contracted by 47.4% year-over-year as of 2026Q1, while gross margins have eroded from 58.1% in 2023Q4 to 49.5% in the most recent quarter.
| 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 | 18.57M | 21.5M | 21.77M | 28.06M | 24.22M | 25.84M | 20.33M | 21.57M | 29.22M | 34.05M | 23.41M | 22.02M | 21.92M | 18.72M | 17.09M | 26.67M | 26.4M | 18.55M | 27.6M | 26.75M | 28.79M | 28.32M | 27.31M | 24.69M | 22.84M | 26.83M | 42.91M | 34.1M | 35.3M | 46.3M | 60.4M |
| Revenue Growth % | -14.97% | -1.24% | -22.43% | 15.89% | -6.26% | 27.09% | -5.75% | -26.2% | -14.18% | 45.44% | 6.34% | 0.42% | 17.13% | 9.55% | -35.93% | 1.02% | 42.3% | -32.79% | 3.16% | -7.09% | 1.67% | 3.7% | 10.63% | 8.1% | -14.87% | -37.48% | 25.83% | -3.4% | -23.76% | -23.34% | -8.48% |
| Cost of Goods Sold | 9.56M | 10.9M | 10.16M | 11.88M | 11.01M | 11.12M | 9.51M | 9.02M | 11.87M | 13.99M | 10.54M | 10.47M | 10.1M | 9.21M | 8.45M | 11.43M | 11.05M | 8.59M | 11.36M | 11.74M | 13.29M | 12.23M | 12.73M | 11.01M | 11.56M | 15.08M | 21.02M | 16.1M | 23.2M | 21.2M | 26.5M |
| COGS % of Revenue | - | 50.72% | 46.69% | 42.32% | 45.45% | 43.02% | 46.76% | 41.81% | 40.61% | 41.09% | 45.04% | 47.57% | 46.06% | 49.19% | 49.44% | 42.87% | 41.87% | 46.3% | 41.18% | 43.9% | 46.16% | 43.18% | 46.6% | 44.59% | 50.6% | 56.21% | 48.98% | 47.21% | 65.72% | 45.79% | 43.87% |
| Gross Profit | 9.02M | 10.6M | 11.61M | 16.19M | 13.21M | 14.72M | 10.82M | 12.55M | 17.36M | 20.06M | 12.87M | 11.54M | 11.82M | 9.51M | 8.64M | 15.23M | 15.34M | 9.96M | 16.23M | 15.01M | 15.5M | 16.09M | 14.58M | 13.68M | 11.28M | 11.75M | 21.89M | 18M | 12.1M | 25.1M | 33.9M |
| Gross Margin % | 48.54% | 49.28% | 53.31% | 57.68% | 54.55% | 56.98% | 53.24% | 58.19% | 59.39% | 58.91% | 54.96% | 52.43% | 53.94% | 50.81% | 50.56% | 57.13% | 58.13% | 53.7% | 58.82% | 56.1% | 53.84% | 56.82% | 53.4% | 55.41% | 49.4% | 43.79% | 51.02% | 52.79% | 34.28% | 54.21% | 56.13% |
| Gross Profit Growth % | - | -8.7% | -28.3% | 22.53% | -10.26% | 36.02% | -13.77% | -27.69% | -13.48% | 55.88% | 11.47% | -2.38% | 24.34% | 10.09% | -43.3% | -0.71% | 54.04% | -38.64% | 8.17% | -3.2% | -3.65% | 10.33% | 6.62% | 21.25% | -3.97% | -46.34% | 21.63% | 48.76% | -51.79% | -25.96% | -14.61% |
| Operating Expenses | 16.9M | 15.71M | 14.64M | 15.74M | 13.96M | 14.99M | 13.9M | 13.83M | 15.62M | 15.01M | 11.44M | 10.55M | 10.71M | 10.96M | 13.01M | 13.77M | 11.84M | 10.62M | 12.57M | 13.52M | 15.47M | 15.37M | 14.09M | 12.42M | 13.59M | 17.66M | 21.07M | 21.2M | 25.2M | 23.2M | 34.7M |
| OpEx % of Revenue | - | 73.08% | 67.27% | 56.08% | 57.64% | 58.03% | 68.38% | 64.11% | 53.44% | 44.09% | 48.87% | 47.92% | 48.83% | 58.58% | 76.17% | 51.65% | 44.87% | 57.24% | 45.55% | 50.53% | 53.72% | 54.27% | 51.6% | 50.31% | 59.48% | 65.82% | 49.12% | 62.17% | 71.39% | 50.11% | 57.45% |
| Selling, General & Admin | 10.59M | 9.18M | 8.4M | 9.21M | 7.88M | 8.36M | 6.89M | 7.38M | 8.26M | 8.12M | 6.38M | 5.85M | 6M | 6.38M | 7.45M | 8.3M | 7.68M | 6.49M | 8.11M | 8.8M | 9.9M | 10.09M | 9.04M | 7.78M | 8.25M | 9.71M | 10.62M | 11M | 14.4M | 13.9M | 19.8M |
| SG&A % of Revenue | - | 42.7% | 38.61% | 32.83% | 32.52% | 32.35% | 33.9% | 34.2% | 28.25% | 23.83% | 27.23% | 26.57% | 27.35% | 34.08% | 43.61% | 31.14% | 29.11% | 34.98% | 29.37% | 32.9% | 34.38% | 35.61% | 33.09% | 31.51% | 36.14% | 36.19% | 24.74% | 32.26% | 40.79% | 30.02% | 32.78% |
| Research & Development | 6.31M | 6.53M | 6.24M | 6.52M | 6.08M | 6.63M | 6.36M | 6.45M | 7.36M | 6.9M | 5.07M | 4.7M | 4.71M | 4.59M | 5.56M | 5.47M | 4.16M | 4.13M | 4.46M | 4.72M | 5.58M | 5.29M | 5.06M | 4.64M | 5.33M | 6.74M | 8.72M | 8.4M | 9.1M | 7.8M | 10.9M |
| R&D % of Revenue | - | 30.38% | 28.66% | 23.25% | 25.12% | 25.68% | 31.27% | 29.91% | 25.19% | 20.25% | 21.63% | 21.35% | 21.47% | 24.5% | 32.57% | 20.51% | 15.76% | 22.25% | 16.18% | 17.63% | 19.37% | 18.66% | 18.52% | 18.79% | 23.34% | 25.12% | 20.31% | 24.63% | 25.78% | 16.85% | 18.05% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 652K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8K | 0 | -1K | 0 | 0 | 1.21M | 1.74M | 1.8M | 1.7M | 1.5M | 4M |
| Operating Income | -7.88M | -5.12M | -3.04M | 448K | -749K | -273K | -3.08M | -1.28M | 1.74M | 5.05M | 1.43M | 993K | 1.11M | -2.67M | -6.94M | 1.46M | 3.51M | -824K | 5.24M | 765K | -155K | 624K | -71K | 1.3M | -2.94M | -5.91M | 818K | -3.2M | -13.1M | 1.9M | -800K |
| Operating Margin % | -42.44% | -23.8% | -13.96% | 1.6% | -3.09% | -1.06% | -15.14% | -5.93% | 5.95% | 14.82% | 6.09% | 4.51% | 5.05% | -14.25% | -40.63% | 5.48% | 13.31% | -4.44% | 18.98% | 2.86% | -0.54% | 2.2% | -0.26% | 5.26% | -12.85% | -22.03% | 1.91% | -9.38% | -37.11% | 4.1% | -1.32% |
| Operating Income Growth % | - | -68.4% | -778.13% | 159.81% | -174.36% | 91.13% | -140.85% | -173.53% | -65.56% | 253.68% | 43.71% | -10.3% | 141.49% | 61.56% | -575.09% | -58.41% | 526.34% | -115.73% | 584.58% | 593.55% | -124.84% | 978.87% | -105.47% | 144.26% | 50.34% | -822.49% | 125.56% | 75.57% | -789.47% | 337.5% | -113.56% |
| EBITDA | -7.4M | -4.62M | -2.47M | 1.06M | -189K | 394K | -2.26M | -411K | 2.69M | 5.87M | 2.03M | 1.53M | 1.7M | -2.06M | -5.68M | 2.63M | 4.63M | 187K | 6.25M | 1.75M | 662K | 1.74M | 552K | 1.72M | -2.25M | -4.03M | 2.56M | -1.4M | -11.4M | 3.4M | 3.2M |
| EBITDA Margin % | -39.84% | -21.49% | -11.36% | 3.76% | -0.78% | 1.53% | -11.13% | -1.91% | 9.21% | 17.24% | 8.67% | 6.97% | 7.75% | -10.98% | -33.22% | 9.87% | 17.54% | 1.01% | 22.66% | 6.55% | 2.3% | 6.15% | 2.02% | 6.96% | -9.84% | -15.03% | 5.97% | -4.11% | -32.29% | 7.34% | 5.3% |
| EBITDA Growth % | -258.58% | -86.78% | -334.28% | 658.73% | -147.97% | 117.41% | -450.61% | -115.26% | -54.11% | 189.26% | 32.18% | -9.71% | 182.73% | 63.79% | -315.74% | -43.17% | 2375.94% | -97.01% | 257.17% | 164.5% | -62% | 215.58% | -67.87% | 176.46% | 44.28% | -257.48% | 282.93% | 87.72% | -435.29% | 6.25% | -68.63% |
| D&A (Non-Cash Add-back) | 483K | 495K | 564K | 608K | 560K | 667K | 815K | 867K | 955K | 822K | 602K | 542K | 593K | 613K | 1.26M | 1.17M | 1.12M | 1.01M | 1.02M | 986K | 817K | 1.12M | 623K | 419K | 688K | 1.88M | 1.74M | 1.8M | 1.7M | 1.5M | 4M |
| EBIT | -7.88M | -5.12M | -3.04M | 448K | -749K | -273K | -2.43M | -1.28M | 1.74M | 5.05M | 1.43M | 993K | 1.12M | -1.45M | -4.38M | 1.31M | 3.3M | -597K | 5.24M | 1.49M | 36K | 720K | 492K | 1.32M | -2.3M | -5.91M | 818K | -3.2M | -13.1M | 1.9M | 200K |
| Net Interest Income | 107K | 130K | 273K | 190K | 34K | 11K | 14K | 53K | 37K | 29K | 44K | 105K | 159K | 160K | 291K | 83K | 41K | 31K | 123K | 84K | 103K | 96K | 59K | 89K | 69K | 223K | 446K | 0 | -100K | 0 | -300K |
| Interest Income | 107K | 130K | 273K | 190K | 34K | 11K | 14K | 53K | 37K | 29K | 44K | 105K | 159K | 160K | 291K | 97K | 52K | 51K | 153K | 122K | 117K | 116K | 77K | 112K | 87K | 239K | 471K | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14K | 11K | 20K | 30K | 38K | 14K | 20K | 18K | 23K | 18K | 16K | 25K | 0 | 100K | 0 | 300K |
| Other Income/Expense | 78K | 120K | 331K | 232K | 312K | -170K | -499K | 122K | 159K | 114K | 265K | -71K | -1K | 84K | 185K | -165K | -227K | 207K | -30K | 75K | 155K | 78K | -597K | -25K | -232K | 124K | 1.13M | 2.1M | -5.3M | 2.7M | -100K |
| Pretax Income | -7.81M | -5M | -2.71M | 680K | -437K | -443K | -3.58M | -1.16M | 1.9M | 5.16M | 1.69M | 922K | 1.11M | -2.58M | -6.76M | 1.3M | 3.29M | -617K | 5.21M | 840K | -78K | 702K | -106K | 1.27M | -3.17M | -5.79M | 1.95M | -1.1M | -18.4M | 4.6M | -900K |
| Pretax Margin % | -42.02% | -23.24% | -12.44% | 2.42% | -1.8% | -1.71% | -17.6% | -5.36% | 6.49% | 15.16% | 7.23% | 4.19% | 5.04% | -13.81% | -39.54% | 4.86% | 12.45% | -3.33% | 18.87% | 3.14% | -0.27% | 2.48% | -0.39% | 5.16% | -13.87% | -21.57% | 4.54% | -3.23% | -52.12% | 9.94% | -1.49% |
| Income Tax | 218K | 240K | 386K | 194K | 683K | 112K | 387K | 31K | 291K | -288K | 36K | -5K | 7K | -8K | -327K | 233K | 274K | 194K | 79K | 8K | -46K | 120K | -14K | -33K | -61K | 224K | 36K | 100K | 100K | 200K | 200K |
| Effective Tax Rate % | -2.79% | -4.8% | -14.26% | 28.53% | -156.29% | -25.28% | -10.82% | -2.68% | 15.34% | -5.58% | 2.13% | -0.54% | 0.63% | 0.31% | 4.84% | 17.98% | 8.34% | -31.44% | 1.52% | 0.95% | 58.97% | 17.09% | 13.21% | -2.59% | 1.93% | -3.87% | 1.85% | -9.09% | -0.54% | 4.35% | -22.22% |
| Net Income | -8.02M | -5.24M | -3.09M | 486K | -1.12M | -555K | -3.96M | -1.19M | 1.61M | 5.45M | 1.66M | 927K | 1.1M | -2.58M | -6.43M | 1.06M | 3.01M | -811K | 5.13M | 832K | 46K | 582K | -92K | 1.24M | -3.11M | -6.01M | -529K | -400K | -17.6M | 11.5M | -1.1M |
| Net Margin % | -43.2% | -24.35% | -14.21% | 1.73% | -4.62% | -2.15% | -19.5% | -5.5% | 5.5% | 16% | 7.07% | 4.21% | 5.01% | -13.76% | -37.63% | 3.99% | 11.41% | -4.37% | 18.58% | 3.11% | 0.16% | 2.05% | -0.34% | 5.03% | -13.6% | -22.4% | -1.23% | -1.17% | -49.86% | 24.84% | -1.82% |
| Net Income Growth % | -200.75% | -69.29% | -736.42% | 143.39% | -101.8% | 86% | -233.95% | -173.91% | -70.53% | 229.05% | 78.64% | -15.65% | 142.66% | 59.93% | -704.8% | -64.71% | 471.39% | -115.82% | 516.35% | 1708.7% | -92.1% | 732.61% | -107.41% | 139.95% | 48.32% | -1036.11% | -32.25% | 97.73% | -253.04% | 1145.45% | -122.92% |
| Net Income (Continuing) | -8.02M | -5.24M | -3.09M | 486K | -1.12M | -555K | -3.96M | -1.19M | 1.61M | 5.45M | 1.66M | 927K | 1.1M | -2.58M | -6.43M | 1.06M | 3.01M | -811K | 5.13M | 832K | 46K | 582K | -92K | 1.31M | -3.11M | -6.01M | 1.91M | -1.2M | -18.5M | 4.4M | -1.1M |
| 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) | -0.85 | -0.53 | -0.34 | 0.05 | -0.13 | -0.07 | -0.48 | -0.14 | 0.19 | 0.65 | 0.20 | 0.12 | 0.14 | -0.33 | -0.80 | 0.11 | 0.33 | -0.09 | 0.57 | 0.09 | 0.01 | 0.07 | -0.01 | 0.16 | -0.40 | -0.79 | -0.07 | -0.06 | -2.46 | 1.62 | -0.16 |
| EPS Growth % | -187.5% | -55.88% | -734.33% | 141.23% | -100% | 86.46% | -242.86% | -173.68% | -70.77% | 225% | 66.67% | -14.29% | 142.42% | 58.75% | -827.27% | -66.67% | 463.04% | -115.95% | 533.33% | 800% | -85.71% | 708.7% | -107.19% | 140% | 49.37% | -1006.44% | -29.58% | 97.76% | -251.85% | 1112.5% | -126.67% |
| EPS (Basic) | - | -0.53 | -0.34 | 0.05 | -0.13 | -0.07 | -0.48 | -0.14 | 0.19 | 0.67 | 0.21 | 0.12 | 0.14 | -0.33 | -0.80 | 0.12 | 0.33 | -0.09 | 0.58 | 0.10 | 0.01 | 0.07 | -0.01 | 0.17 | -0.40 | -0.79 | -0.07 | -0.06 | -2.46 | 1.66 | -0.16 |
| Diluted Shares Outstanding | 9.39M | 9.33M | 9.15M | 9.07M | 8.74M | 8.54M | 8.33M | 8.25M | 8.51M | 8.44M | 8.13M | 8.05M | 7.95M | 7.77M | 8M | 9.32M | 9.12M | 8.92M | 9.05M | 8.86M | 8.71M | 8.53M | 8.03M | 8.12M | 7.7M | 7.57M | 7.41M | 7.25M | 7.15M | 7.1M | 6.88M |
| Basic Shares Outstanding | 9.39M | 9.33M | 9.15M | 8.94M | 8.74M | 8.54M | 8.33M | 8.25M | 8.38M | 8.15M | 7.97M | 7.91M | 7.83M | 7.77M | 8M | 9.18M | 9M | 8.92M | 8.82M | 8.59M | 8.43M | 8.23M | 8.03M | 7.91M | 7.7M | 7.57M | 7.41M | 7.25M | 7.15M | 6.93M | 6.88M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Persistent Operating Losses
As evidenced by the most recent quarterly data, DAIO's revenue has experienced a significant contraction, falling to $3.2M in 2026Q1 from $6.9M in 2023Q4, representing a sharp decline that suggests the company is struggling to maintain its top-line momentum within the volatile semiconductor equipment market.
The consistent quarter-over-quarter revenue decay indicates that the company's reliance on lumpy capital equipment sales is currently failing to offset broader industry softness. Investors should monitor whether this trend reflects a structural loss of market share or merely a temporary pause in the capital expenditure cycles of its core EMS customer base.
Based on reported financial statements, DAIO's gross margin has compressed from a peak of 58.1% in 2023Q4 to 49.5% in 2026Q1, signaling that the company's pricing power may be weakening as it navigates a more competitive and cost-sensitive environment for its specialized programming hardware.
The decline in gross margin suggests that the company is likely facing increased pricing pressure or a shift in product mix toward lower-margin offerings. This compression is particularly concerning given the company's high fixed-cost structure, as it leaves less contribution margin available to cover essential R&D and SG&A expenses.
According to recent SEC filings, DAIO's operating income has deteriorated significantly, reaching a loss of $3.1M in 2026Q1, which highlights a lack of operating leverage as the company fails to scale its revenue base sufficiently to absorb its persistent and elevated operating expense structure.
The inability to achieve positive operating income despite maintaining a substantial gross margin suggests that the company's overhead, particularly in R&D, is disproportionate to its current revenue scale. This indicates that the business model may require a fundamental shift in volume or cost management to reach a sustainable breakeven point.
Based on the provided income statement data, DAIO's SG&A and R&D expenses have remained stubbornly high relative to falling revenue, with SG&A alone reaching $3.5M in 2026Q1, which significantly exceeds the total gross profit generated during the same period, indicating a lack of expense discipline.
The company's cost structure appears rigid, with R&D and SG&A failing to adjust downward in proportion to the revenue decline. This suggests that management may be prioritizing long-term product development over short-term profitability, a strategy that warrants further investigation given the company's current cash burn trajectory.
As reported in financial statements, the transition from a profitable 2023Q4 to a series of deepening quarterly losses suggests that the company's core business model may be facing structural challenges that go beyond simple cyclicality, potentially threatening its long-term viability without a significant strategic pivot.
Short-sellers would likely focus on the rapid depletion of operating margins and the inability to stabilize revenue, which may indicate that the company's niche is being encroached upon by larger, more integrated competitors. The persistent negative net income suggests that the company is currently consuming capital rather than generating it, which may necessitate future financing if the trend continues.
Quick answers to the most common questions about buying DAIO stock.
For fiscal year 2025, Data I/O Corporation (DAIO) reported total revenue of $21.5M. This represents a 64.4% decline compared to $60.4M in 1996.
Data I/O Corporation (DAIO) reported a net loss of $5.2M for the fiscal year ending 2025.
Data I/O Corporation (DAIO) reported an operating income of $-5.1M, resulting in an operating profit margin of -23.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Data I/O Corporation (DAIO) generated $10.6M in gross profit for the year, representing a gross profit margin of 49.3%. This demonstrates the company's core pricing power and production efficiency.