The company maintains a conservative financial position with a negligible debt-to-equity ratio of 0.08, though retained earnings have steadily declined from $17.7 million in 2024Q4 to $16.0 million in 2026Q3.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Jun'96 |
|---|
| Total Current Assets | 25.29M | 22.6M | 21.92M | 29.1M | 19.88M | 19.88M | 12.14M | 12.91M | 12.17M | 12.95M | 13.73M | 13.61M | 15.95M | 25.18M | 16.12M | 15.62M | 15.12M | 21.01M | 24.13M | 23.87M | 25.27M | 23.57M | 20.29M | 18.83M | 17.12M | 18.34M | 22.25M | 22.7M | 29M | 23M | 18.7M |
| Cash & Short-Term Investments | 18.86M | 15.69M | 14.94M | 20.16M | 9.21M | 9.21M | 4M | 2.23M | 1.08M | 432.28K | 735.39K | 1M | 1.9M | 859.64K | 50.03K | 160.54K | 125.5K | 1.66M | 3.32M | 4.19M | 6.15M | 5.22M | 2.11M | 1.56M | 1.05M | 181.68K | 3.16M | 1.2M | 20K | 30K | 30K |
| Cash Only | 1.9M | 2.81M | 2.84M | 3.09M | 9.21M | 9.21M | 4M | 2.23M | 1.08M | 432.28K | 735.39K | 1M | 1.9M | 859.64K | 50.03K | 160.54K | 125.5K | 1.66M | 3.32M | 4.19M | 6.15M | 5.22M | 2.11M | 1.56M | 1.05M | 181.68K | 3.16M | 1.2M | 20K | 30K | 30K |
| Short-Term Investments | 16.96M | 12.88M | 12.1M | 17.06M | 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 |
| Accounts Receivable | 1.21M | 1.29M | 1.42M | 1.52M | 1.85M | 1.85M | 2.33M | 3.7M | 4.74M | 3.96M | 4.11M | 3.03M | 4.27M | 12.19M | 5.33M | 6.27M | 5.14M | 8.68M | 10.15M | 8.23M | 6.82M | 8.76M | 9.34M | 8.88M | 8.37M | 8.73M | 8.23M | 7.7M | 8.4M | 7M | 9M |
| Days Sales Outstanding | 33.9 | 37.39 | 42.27 | 42.28 | 38.13 | 34.54 | 46.48 | 61.84 | 73.61 | 60.16 | 57.76 | 45.64 | 65.38 | 124.36 | 51.34 | 55.15 | 46.23 | 82.97 | 78.91 | 65.02 | 48.91 | 79.4 | 84.19 | 95.86 | 83.55 | 82.51 | 86.12 | 84.65 | 75.52 | 64.52 | 90.25 |
| Inventory | 4.76M | 4.89M | 4.47M | 6.42M | 8.63M | 8.63M | 5.54M | 6.85M | 6.14M | 8.35M | 8.6M | 7.18M | 7.05M | 10.5M | 9.4M | 7.87M | 8.46M | 9.76M | 9.37M | 9.92M | 10.52M | 7.6M | 7.32M | 7.33M | 6.38M | 8.5M | 9.41M | 13M | 19.5M | 14.5M | 8.8M |
| Days Inventory Outstanding | 211.14 | 227.12 | 202.1 | 271.29 | 286.67 | 245.86 | 159.82 | 166.47 | 132.32 | 177.52 | 183.91 | 166.12 | 106.75 | 168.44 | 146.98 | 116.43 | 130.08 | 143.02 | 117.37 | 128.06 | 123.52 | 109.95 | 108.85 | 134.15 | 105.87 | 134.61 | 166.37 | 240.86 | 295.33 | 210.02 | 131.64 |
| Other Current Assets | 465.36K | 738.33K | 1.08M | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 583.51K | 2.39M | 2.58M | 1.64M | 1.35M | 1.03M | 1.14M | 720.12K | 784K | 1.12M | 1.37M | 857.84K | 861.24K | 593.97K | 714.97K | 340.97K | 1.45M | 800K | 1.1M | 1.5M | 900K |
| Total Non-Current Assets | 10.77M | 14.58M | 15.28M | 9.99M | 10.08M | 10.08M | 10.44M | 10.32M | 7.51M | 10.48M | 10.39M | 8.82M | 8.44M | 10.04M | 12.63M | 11.78M | 10.63M | 7.46M | 5.84M | 5.3M | 6.17M | 5.68M | 5.39M | 4.4M | 3.21M | 3.16M | 2.79M | 3M | 3M | 3.3M | 3.3M |
| Property, Plant & Equipment | 3.93M | 3.99M | 3.99M | 3.97M | 4.34M | 4.34M | 3.57M | 3.74M | 1.13M | 1.41M | 1.51M | 1.59M | 1.84M | 2.34M | 2.74M | 3.08M | 2.39M | 4.08M | 2.75M | 2.57M | 3.04M | 2.99M | 2.7M | 1.92M | 1.78M | 1.69M | 1.56M | 1.9M | 2.1M | 2.5M | 2.3M |
| Fixed Asset Turnover | 3.18x | 3.16x | 3.07x | 3.30x | 4.08x | 4.51x | 5.14x | 5.84x | 20.77x | 17.08x | 17.17x | 15.21x | 12.95x | 15.30x | 13.84x | 13.46x | 16.97x | 9.37x | 17.09x | 18.00x | 16.75x | 13.46x | 15.01x | 17.57x | 20.57x | 22.84x | 22.29x | 17.47x | 19.33x | 15.84x | 15.83x |
| Goodwill | 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 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.67M | 4.23M | 3.23M | 2.37M | 0 | 0 | 0 | 527.32K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 600K | 600K | 600K |
| Long-Term Investments | 12M | 4M | 4.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6.84M | 6.58M | 6.3M | 6.02M | 5.74M | 5.74M | 6.87M | 6.57M | 6.37M | 6.02M | 5.67M | 5.36M | 4.98M | 4.61M | 0 | 3.84M | 3.34M | 2.15M | 2.03M | 2.31M | 1.93M | 2.37M | 2.45M | 1.86M | 916.28K | 908.58K | 1.23M | 1.1M | 300K | 200K | 400K |
| Total Assets | 36.06M | 37.18M | 37.2M | 39.09M | 29.96M | 29.96M | 22.58M | 23.24M | 19.68M | 23.42M | 24.12M | 22.43M | 24.39M | 35.23M | 28.75M | 27.41M | 25.75M | 28.47M | 29.98M | 29.17M | 31.44M | 29.24M | 25.68M | 23.22M | 20.33M | 21.5M | 25.04M | 25.7M | 32M | 26.3M | 22M |
| Asset Turnover | 0.35x | 0.34x | 0.33x | 0.34x | 0.59x | 0.65x | 0.81x | 0.94x | 1.20x | 1.03x | 1.08x | 1.08x | 0.98x | 1.02x | 1.32x | 1.51x | 1.58x | 1.34x | 1.57x | 1.58x | 1.62x | 1.38x | 1.58x | 1.46x | 1.80x | 1.80x | 1.39x | 1.29x | 1.27x | 1.51x | 1.65x |
| Asset Growth % | -6.29% | -0.04% | -4.83% | 30.48% | 0% | 32.67% | -2.82% | 18.09% | -16% | -2.89% | 7.55% | -8.05% | -30.76% | 22.53% | 4.9% | 6.43% | -9.55% | -5.03% | 2.75% | -7.21% | 7.52% | 13.87% | 10.58% | 14.25% | -5.44% | -14.17% | -2.55% | -19.69% | 21.67% | 19.55% | 4.76% |
| Total Current Liabilities | 1.65M | 1.94M | 1.3M | 2.38M | 2.13M | 2.13M | 2.62M | 3M | 2.61M | 3.39M | 3.57M | 3.75M | 6.49M | 10.57M | 8.57M | 7.68M | 9.75M | 3.62M | 5.59M | 4.13M | 9.15M | 6.03M | 3.48M | 4.85M | 4.39M | 3.61M | 1.58M | 1.7M | 3.9M | 2.2M | 2.5M |
| Accounts Payable | 478.56K | 819.33K | 329.83K | 267.51K | 796.16K | 796.16K | 827.71K | 1.44M | 1.43M | 2.24M | 1.97M | 2.17M | 2.46M | 2.69M | 4.6M | 3.64M | 4.79M | 1.81M | 2.95M | 1.37M | 1.87M | 3.01M | 1.05M | 2.79M | 1.85M | 2.06M | 570.57K | 800K | 2M | 700K | 1.3M |
| Days Payables Outstanding | 30.53 | 38.09 | 14.9 | 11.3 | 26.44 | 22.68 | 23.88 | 34.9 | 30.81 | 47.71 | 42.08 | 50.24 | 37.29 | 43.08 | 72.03 | 53.91 | 73.75 | 26.52 | 36.95 | 17.69 | 21.95 | 43.61 | 15.61 | 51.1 | 30.77 | 32.68 | 10.08 | 14.82 | 30.29 | 10.14 | 19.45 |
| Short-Term Debt | 273.05K | 0 | 0 | 0 | 0 | 0 | 783.65K | 265.44K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.02M | 286.45K | 262.84K | 732.09K | 574.41K | 574.41K | 440K | 711.41K | 53.37K | 21.18K | 47.75K | 261.98K | 1.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 615.91K | 217.22K | 159.18K | 153.5K | 275.28K | 275.28K | 112.22K | 845.13K | 486.17K | 861.67K | 1.22M | 1.41M | 3.86M | 4.17M | 2.5M | 2.95M | 167.17K | 1.59M | 1.98M | 2.45M | 5.91M | 1.92M | 676.06K | 557.32K | 946.57K | 0 | 1.01M | 900K | 1.9M | 1.5M | 1.2M |
| Current Ratio | 15.36x | 11.65x | 16.89x | 12.21x | 9.33x | 9.33x | 4.64x | 4.31x | 4.67x | 3.82x | 3.85x | 3.63x | 2.46x | 2.38x | 1.88x | 2.03x | 1.55x | 5.80x | 4.32x | 5.78x | 2.76x | 3.91x | 5.83x | 3.88x | 3.90x | 5.07x | 14.10x | 13.35x | 7.44x | 10.45x | 7.48x |
| Quick Ratio | 12.47x | 9.14x | 13.44x | 9.51x | 5.28x | 5.28x | 2.52x | 2.02x | 2.31x | 1.36x | 1.44x | 1.71x | 1.37x | 1.39x | 0.79x | 1.01x | 0.68x | 3.11x | 2.64x | 3.38x | 1.61x | 2.65x | 3.73x | 2.37x | 2.45x | 2.72x | 8.14x | 5.71x | 2.44x | 3.86x | 3.96x |
| Cash Conversion Cycle | 214.51 | 226.42 | 229.47 | 302.28 | 298.36 | 257.72 | 182.42 | 193.42 | 175.11 | 189.96 | 199.59 | 161.51 | 134.83 | 249.72 | 126.3 | 117.68 | 102.56 | 199.46 | 159.34 | 175.38 | 150.47 | 145.74 | 177.42 | 178.91 | 158.65 | 184.44 | 242.4 | 310.69 | 340.56 | 264.4 | 202.44 |
| Total Non-Current Liabilities | 4.68M | 4.63M | 4.75M | 4.9M | 5.13M | 5.13M | 4.81M | 5.17M | 2.55M | 2.46M | 2.37M | 2.33M | 2.66M | 3.27M | 3.09M | 4.28M | 3.81M | 1.22M | 1.17M | 1.11M | 1.12M | 1.09M | 1.11M | 2.56M | 2.66M | 2.94M | 2.97M | 2.8M | 5.5M | 3.8M | 3M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 1.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.7M | 1.2M | 500K |
| Capital Lease Obligations | 8.81M | 2.29M | 2.54M | 2.79M | 3.02M | 3.02M | 2.31M | 2.58M | 2.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2.51K | 2.21K | 348 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.45M | 2.23M | 2.09M | 2M | 1.94M | 1.94M | 2.33M | 2.42M | 2.39M | 2.46M | 2.37M | 2.33M | 2.66M | 3.27M | 3.09M | 2.88M | 2.56M | 1.22M | 1.17M | 1.11M | 1.12M | 1.09M | 1.11M | 2.56M | 2.66M | 2.94M | 2.97M | 2.8M | 2.8M | 2.6M | 2.5M |
| Total Liabilities | 6.33M | 6.57M | 6.05M | 7.28M | 7.26M | 7.26M | 7.42M | 8.16M | 5.16M | 5.85M | 5.93M | 6.07M | 9.15M | 13.84M | 11.65M | 11.96M | 13.56M | 4.84M | 6.76M | 5.24M | 10.27M | 7.12M | 4.59M | 7.41M | 7.05M | 6.56M | 4.55M | 4.5M | 9.4M | 6M | 5.5M |
| Total Debt | 2.38M | 2.54M | 2.78M | 3.02M | 3.25M | 3.25M | 3.37M | 2.85M | 3.1M | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 1.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.7M | 1.2M | 500K |
| Net Debt | 476.54K | -266.06K | -55.66K | -66.87K | -5.96M | -5.96M | -633.36K | 619.56K | 2.02M | -432.28K | -735.39K | -1M | -1.9M | -859.64K | -50.03K | 1.24M | 1.12M | -1.66M | -3.32M | -4.19M | -6.15M | -5.22M | -2.11M | -1.56M | -1.05M | -181.68K | -3.16M | -1.2M | 2.68M | 1.17M | 470K |
| Debt / Equity | 0.08x | 0.08x | 0.09x | 0.10x | 0.14x | 0.14x | 0.22x | 0.19x | 0.21x | - | - | - | - | - | - | 0.09x | 0.10x | - | - | - | - | - | - | - | - | - | - | - | 0.12x | 0.06x | 0.03x |
| Debt / EBITDA | -1.23x | - | - | - | 2.72x | - | - | 3.41x | 18.32x | - | - | - | - | - | - | 0.21x | - | - | - | - | - | - | - | - | - | - | - | - | 0.31x | 0.21x | 0.14x |
| Net Debt / EBITDA | -0.25x | - | - | - | -4.99x | - | - | 0.74x | 11.93x | - | -0.27x | -0.93x | - | -0.09x | -0.01x | 0.18x | - | -0.48x | -0.42x | -0.47x | -0.58x | -0.69x | -0.25x | -0.21x | -0.13x | -0.02x | -0.44x | -0.19x | 0.31x | 0.20x | 0.13x |
| Interest Coverage | -1491.37x | - | - | - | - | - | - | - | -69.79x | -800.96x | 161.83x | 42.44x | - | - | 31.24x | 121.51x | -11.55x | 13.32x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 29.73M | 30.61M | 31.15M | 31.81M | 22.7M | 22.7M | 15.16M | 15.07M | 14.52M | 17.57M | 18.19M | 16.35M | 15.24M | 21.39M | 17.1M | 15.45M | 12.19M | 23.63M | 23.22M | 23.93M | 21.17M | 22.12M | 21.09M | 15.81M | 13.27M | 14.94M | 20.49M | 21.2M | 22.6M | 20.3M | 16.5M |
| Equity Growth % | -7.01% | -1.72% | -2.08% | 40.14% | 0% | 49.76% | 0.56% | 3.82% | -17.38% | -3.38% | 11.21% | 7.3% | -28.75% | 25.12% | 10.68% | 26.69% | -48.4% | 1.78% | -2.98% | 13.01% | -4.28% | 4.89% | 33.37% | 19.14% | -11.16% | -27.1% | -3.33% | -6.19% | 11.33% | 23.03% | -1.79% |
| Book Value per Share | 3.14 | 3.27 | 3.37 | 3.26 | 2.27 | 2.35 | 2.05 | 2.03 | 1.97 | 2.37 | 2.49 | 2.37 | 2.06 | 2.90 | 2.33 | 2.09 | 1.64 | 3.20 | 3.15 | 3.20 | 2.77 | 2.81 | 2.69 | 2.05 | 1.69 | 1.68 | 1.97 | 1.71 | 1.70 | 1.49 | 1.15 |
| Total Shareholders' Equity | 29.73M | 30.61M | 31.15M | 31.81M | 22.7M | 22.7M | 15.16M | 15.07M | 14.52M | 17.57M | 18.19M | 16.35M | 15.24M | 21.39M | 17.1M | 15.45M | 12.19M | 23.63M | 23.22M | 23.93M | 21.17M | 22.12M | 21.09M | 15.81M | 13.27M | 14.94M | 20.49M | 21.2M | 22.6M | 20.3M | 16.5M |
| Common Stock | 47.33K | 47.28K | 46.5K | 46.17K | 45.74K | 45.74K | 37.02K | 37.02K | 36.91K | 36.91K | 36.91K | 36.91K | 36.91K | 36.91K | 36.91K | 36.91K | 36.91K | 2.05M | 1.65M | 1.1M | 541.78K | 18.73K | 18.85K | 18.8K | 19.56K | 19.43K | 23.49K | 0 | 0 | 0 | 0 |
| Retained Earnings | 15.95M | 16.82M | 17.7M | 18.65M | 10M | 10M | 8.24M | 8.7M | 8.73M | 12.11M | 13.08M | 11.69M | 11.21M | 18.09M | 14.43M | 13.26M | 10.66M | 21.58M | 21.57M | 22.83M | 20.63M | 22.1M | 21.07M | 17.28M | 14.74M | 16.41M | 21.96M | 22.7M | 24.1M | 19.5M | 15.9M |
| Treasury Stock | 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 |
| Accumulated OCI | -37.96K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7.36M | -7.71M | -7.37M | -7.62M | -7.07M | -6.22M | -5.38M | -4.98M | -6.35M | -11.73M | -11.11M | -13.3M | -14.01M | -14.94M | -14.44M | -1.49M | -1.49M | -1.49M | -1.49M | -1.6M | -11.6M | -11M | -10.3M |
| 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 |
Operating scale and overhead
According to the latest quarterly financial data, KOSS has maintained a relatively stable total asset base of approximately $36.1 million, yet the persistent decline in cash reserves from $2.9 million in 2025Q3 to $1.9 million in 2026Q3 suggests a gradual erosion of liquidity over time.
The stability in total assets appears to mask an underlying shift in composition, as the company continues to rely on legacy inventory and fixed assets rather than growth-oriented investments. This trajectory implies that while the balance sheet remains technically solvent, the lack of asset expansion reflects a business model that is currently struggling to generate the internal capital necessary for future development.
As reported in the company's balance sheet filings, KOSS maintains a negligible debt-to-equity ratio of 0.08, which highlights a highly conservative capital structure that effectively insulates the firm from interest rate volatility and the immediate pressures of debt service obligations during periods of operating losses.
The company's reliance on equity rather than debt financing suggests a management philosophy that prioritizes long-term independence over aggressive capital deployment. While this lack of leverage provides a significant buffer against insolvency, it also indicates that the firm is not utilizing debt to accelerate product innovation or market expansion, potentially limiting its competitive agility.
Based on the provided financial statements, KOSS reports a current ratio of 15.36, which appears exceptionally high; however, this figure is likely inflated by inventory levels, as the actual cash position has dwindled to $1.9 million, raising concerns regarding the company's immediate runway for operational funding.
Investors should monitor the quality of current assets, as a significant portion of the liquidity buffer may be tied up in potentially slow-moving inventory rather than readily available cash. The discrepancy between the high current ratio and the declining cash balance suggests that the company's liquidity is less robust than the headline numbers might initially imply.
As indicated by the historical balance sheet data, retained earnings have trended downward from $17.7 million in 2024Q4 to $16.0 million in 2026Q3, reflecting the cumulative impact of recurring operating losses on the company's total equity base over the past two years.
The consistent decline in retained earnings warrants further investigation, as it suggests that the company is failing to generate sufficient profitability to reinvest in its own operations. This trend may indicate that the current business model is structurally unable to create shareholder value, forcing the firm to rely on its existing equity cushion to absorb ongoing operational deficits.
Quick answers to the most common questions about buying KOSS stock.
As of 2025, Koss Corporation (KOSS) had total assets of $37.2M including $22.6M in current assets.
Koss Corporation (KOSS) carries total debt of $2.5M, offset by $15.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Koss Corporation (KOSS) has total shareholders' equity (book value) of $30.6M ($3.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Koss Corporation (KOSS) reported a current ratio of 11.65x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.