Deswell Industries, Inc. (DSWL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 |
|---|
| Sales/Revenue | 28.1M | 33.23M | 32.43M | 35.18M | 31.64M | 37.73M | 33.1M | 44.44M | 45.71M | 39.78M | 37.2M | 27.69M | 27.66M | 37.71M | 31.79M | 34.8M | 30.91M | 29.76M | 23.89M | 20.63M |
| Revenue Growth % | -13.36% | -5.53% | 2.52% | -6.77% | -4.43% | -15.1% | -27.57% | 11.7% | 22.88% | 43.67% | 34.5% | -26.58% | -13% | 8.39% | 2.84% | 16.92% | 29.39% | 44.22% | 14.19% | -12.75% |
| Cost of Goods Sold | 22.17M | 25.44M | 25.66M | 28.31M | 25.1M | 30.37M | 27.38M | 37.32M | 38.18M | 33.36M | 29.63M | 22.09M | 22.34M | 31.17M | 26.31M | 30M | 27.02M | 23.94M | 19.39M | 17.69M |
| COGS % of Revenue | 78.89% | 76.56% | 79.1% | 80.49% | 79.33% | 80.49% | 82.71% | 83.99% | 83.52% | 83.86% | 79.65% | 79.79% | 80.76% | 82.65% | 82.76% | 86.23% | 87.4% | 80.44% | 81.15% | 85.72% |
| Gross Profit | 5.93M | 7.79M | 6.78M | 6.86M | 6.54M | 7.36M | 5.72M | 7.11M | 7.53M | 6.42M | 7.57M | 5.59M | 5.32M | 6.54M | 5.48M | 4.79M | 3.89M | 5.82M | 4.5M | 2.95M |
| Gross Margin % | 21.11% | 23.44% | 20.9% | 19.51% | 20.67% | 19.51% | 17.29% | 16.01% | 16.48% | 16.14% | 20.35% | 20.21% | 19.24% | 17.35% | 17.24% | 13.77% | 12.6% | 19.56% | 18.85% | 14.28% |
| Gross Profit Growth % | -12.51% | 13.46% | 3.64% | -6.76% | 14.25% | 3.49% | -23.99% | 10.81% | -0.52% | 14.75% | 42.31% | -14.5% | -2.92% | 36.62% | 40.77% | -17.71% | -13.53% | 97.52% | 67.3% | 40.2% |
| Operating Expenses | 6.12M | 5.43M | 5.29M | 5.04M | 5.06M | 5.26M | 5.21M | 7.38M | 5.79M | 5.35M | 5.59M | 4.72M | 4.82M | 5.21M | 4.72M | 2.06M | 2.54M | 2.11M | 4.65M | 2.15M |
| OpEx % of Revenue | 21.78% | 16.35% | 16.29% | 14.34% | 15.99% | 13.94% | 15.75% | 16.62% | 12.67% | 13.44% | 15.03% | 17.05% | 17.42% | 13.81% | 14.84% | 5.91% | 8.21% | 7.08% | 19.47% | 10.41% |
| Selling, General & Admin | 6.12M | 5.43M | 5.88M | 5.4M | 5.24M | 5.26M | 5.21M | 5.75M | 5.79M | 5.35M | 5.59M | 4.72M | 4.82M | 5.21M | 4.7M | 4.76M | 4.37M | 4.43M | 4.33M | 4.53M |
| SG&A % of Revenue | 21.78% | 16.35% | 18.12% | 15.36% | 16.57% | 13.94% | 15.75% | 12.94% | 12.67% | 13.44% | 15.03% | 17.05% | 17.42% | 13.81% | 14.77% | 13.69% | 14.15% | 14.9% | 18.13% | 21.93% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -591K | -360K | -183K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -274K |
| Operating Income | -191K | 2.36M | 1.49M | 1.82M | -419K | 2.1M | 510K | 2.04M | 1.74M | 1.07M | 1.98M | 875K | 502K | 1.34M | 592K | 45K | 539K | 1.38M | 128K | -1.71M |
| Operating Margin % | -0.68% | 7.09% | 4.61% | 5.17% | -1.32% | 5.57% | 1.54% | 4.59% | 3.81% | 2.69% | 5.33% | 3.16% | 1.82% | 3.54% | 1.86% | 0.13% | 1.74% | 4.64% | 0.54% | -8.28% |
| Operating Income Growth % | -112.78% | 29.45% | 456.56% | -13.42% | -182.16% | 3.04% | -70.71% | 90.3% | -12.12% | 22.51% | 294.62% | -34.51% | -15.2% | 2868.89% | 9.83% | -96.74% | 321.09% | 180.8% | 104.7% | 34.88% |
| EBITDA | -191K | 3.1M | 2.25M | 2.58M | 333K | 2.87M | 1.36M | 2.9M | 2.59M | 1.96M | 2.84M | 1.77M | 1.46M | 2.35M | 1.61M | 1.14M | 1.62M | 2.43M | 1.15M | -590K |
| EBITDA Margin % | -0.68% | 9.32% | 6.94% | 7.34% | 1.05% | 7.61% | 4.11% | 6.52% | 5.68% | 4.91% | 7.64% | 6.39% | 5.28% | 6.23% | 5.06% | 3.29% | 5.25% | 8.18% | 4.79% | -2.86% |
| EBITDA Growth % | -108.49% | 19.9% | 575.68% | -10.09% | -75.53% | -0.86% | -47.53% | 48.24% | -8.69% | 10.45% | 94.46% | -24.68% | -9.09% | 105.42% | -0.99% | -53% | 41.75% | 512.54% | 173.12% | 58.1% |
| D&A (Non-Cash Add-back) | 0 | 741K | 756K | 763K | 752K | 771K | 851K | 858K | 853K | 883K | 860K | 895K | 959K | 1.01M | 1.01M | 1.1M | 1.08M | 1.05M | 1.02M | 1.12M |
| EBIT | -191K | 7.69M | 610K | 1.82M | 1.57M | 3.73M | 542.5K | 2.04M | 976K | 591.5K | 1.08M | 1.76M | 301.5K | 1.38M | 592K | 45K | 539K | 1.38M | 128K | -1.71M |
| Net Interest Income | 0 | 0 | 1.05M | 0 | 0 | 0 | 687.5K | 0 | 609.5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 1.05M | 0 | 0 | 0 | 687.5K | 0 | 609.5K | 0 | 0 | 0 | 0 | 0 | 461K | 0 | 563K | 0 | 935K | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 2.77M | 5.33M | 3.34M | 4.65M | 786K | 1.62M | 2.07M | -2.31M | 1.98M | 3.4M | 4.96M | 888K | -2.82M | 39K | 1.4M | 2.58M | 2.1M | 2.23M | 659K | 2.62M |
| Pretax Income | 2.58M | 7.69M | 4.83M | 6.47M | 367K | 3.73M | 2.58M | -270K | 3.72M | 4.47M | 6.94M | 1.76M | -2.32M | 1.38M | 1.69M | 2.73M | 2.48M | 3.71M | 787K | 798K |
| Pretax Margin % | 9.17% | 23.13% | 14.9% | 18.38% | 1.16% | 9.88% | 7.81% | -0.61% | 8.15% | 11.24% | 18.67% | 6.37% | -8.4% | 3.65% | 5.3% | 7.85% | 8.03% | 12.48% | 3.29% | 3.87% |
| Income Tax | -530K | 167K | -119K | 281K | -118K | 169K | -35K | 290K | -338K | 173K | 244K | 231K | 247K | 126K | 169K | -25K | -39K | 46K | 122K | 87K |
| Effective Tax Rate % | -20.56% | 2.17% | -2.46% | 4.35% | -32.15% | 4.54% | -1.35% | -107.41% | -9.08% | 3.87% | 3.51% | 13.1% | -10.64% | 9.16% | 10.03% | -0.92% | -1.57% | 1.24% | 15.5% | 10.9% |
| Net Income | 3.11M | 7.52M | 4.95M | 6.18M | 4.15M | 3.56M | 2.62M | -560K | 4.06M | 4.3M | 6.7M | 1.53M | -2.57M | 1.25M | 1.52M | 2.76M | 2.52M | 3.67M | 665K | 711K |
| Net Margin % | 11.06% | 22.63% | 15.27% | 17.58% | 13.12% | 9.43% | 7.91% | -1.26% | 8.89% | 10.8% | 18.01% | 5.53% | -9.29% | 3.31% | 4.77% | 7.92% | 8.16% | 12.33% | 2.78% | 3.45% |
| Net Income Growth % | -37.25% | 21.57% | 19.29% | 73.88% | 58.53% | 735.18% | -35.52% | -113.03% | -39.36% | 180.55% | 360.76% | 22.66% | -269.46% | -54.7% | -39.87% | -24.86% | 279.1% | 416.03% | 145.49% | 120.48% |
| Net Income (Continuing) | 3.11M | 7.52M | 4.95M | 6.18M | 8.3M | 3.56M | 2.62M | -560K | 4.06M | 4.3M | 6.7M | 1.53M | -2.57M | 1.25M | 1.52M | 2.76M | 2.52M | 3.67M | 665K | 711K |
| Discontinued Operations | 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 |
| EPS (Diluted) | 0.20 | 0.47 | 0.31 | 0.38 | 0.26 | 0.22 | 0.16 | -0.04 | 0.25 | 0.27 | 0.42 | 0.10 | -0.16 | 0.08 | 0.09 | 0.17 | 0.16 | 0.24 | 0.04 | 0.04 |
| EPS Growth % | -35.48% | 23.68% | 19.23% | 72.73% | 62.5% | 725% | -36% | -113.04% | -40.48% | 181.25% | 362.5% | 22.76% | -270.21% | -54.69% | -40.05% | -28.08% | 276.92% | 442.99% | 145.66% | 120.25% |
| EPS (Basic) | 0.20 | 0.47 | 0.31 | 0.38 | 0.26 | 0.22 | 0.16 | -0.04 | 0.25 | 0.27 | 0.42 | 0.10 | -0.16 | 0.08 | 0.10 | 0.17 | 0.16 | 0.24 | 0.04 | 0.04 |
| Diluted Shares Outstanding | 15.92M | 15.94M | 15.95M | 15.94M | 16.02M | 15.97M | 16M | 15.94M | 16.04M | 16.04M | 15.99M | 15.96M | 15.91M | 15.97M | 16.14M | 15.97M | 16.09M | 15.88M | 16.01M | 16.06M |
| Basic Shares Outstanding | 15.91M | 15.94M | 15.94M | 15.94M | 15.97M | 15.94M | 15.94M | 15.94M | 15.94M | 15.92M | 15.91M | 15.91M | 15.91M | 15.91M | 15.89M | 16.22M | 15.89M | 15.95M | 16.01M | 17.77M |
| Dividend Payout Ratio | 51.29% | 21.2% | 32.18% | 25.77% | 38.39% | 44.81% | 60.86% | - | 39.24% | 37.04% | 21.38% | 93.47% | - | 89.19% | 62.86% | 23.03% | - | 30.31% | 169.02% | 158.09% |