Revenue growth remains volatile with a 2026Q3 year-over-year increase of only 1.6%, while gross margins have fluctuated significantly between 29.0% and 40.4% over the last ten quarters.
Koss Corporation (KOSS) annual income statement — 30-year revenue, gross profit & net income history
| Metric | TTM | Jun'26 | 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 |
|---|
| Sales/Revenue | 12.04M | 13.02M | 12.62M | 12.27M | 13.1M | 17.71M | 19.55M | 18.31M | 21.84M | 23.52M | 24.05M | 26M | 24.23M | 23.84M | 35.76M | 37.87M | 41.52M | 40.6M | 38.18M | 46.94M | 46.2M | 50.89M | 40.29M | 40.49M | 33.8M | 36.57M | 38.61M | 34.87M | 33.2M | 40.6M | 39.6M |
| Revenue Growth % | -10.74% | 3.14% | 2.93% | -6.37% | -26.01% | -9.42% | 6.74% | -16.16% | -7.12% | -2.24% | -7.49% | 7.31% | 1.63% | -33.34% | -5.55% | -8.8% | 2.26% | 6.32% | -18.66% | 1.6% | -9.22% | 26.32% | -0.51% | 19.79% | -7.57% | -5.28% | 10.71% | 5.05% | -18.23% | 2.53% | 8.79% |
| Cost of Goods Sold | 7M | 7.57M | 7.85M | 8.08M | 8.64M | 10.99M | 12.81M | 12.65M | 15.02M | 16.93M | 17.16M | 17.06M | 15.78M | 24.12M | 22.76M | 23.33M | 24.66M | 23.73M | 24.92M | 29.15M | 28.28M | 31.1M | 25.22M | 24.53M | 19.95M | 22M | 23.04M | 20.65M | 19.7M | 24.1M | 25.2M |
| COGS % of Revenue | - | 58.13% | 62.19% | 65.88% | 65.97% | 62.07% | 65.56% | 69.08% | 68.78% | 72.01% | 71.33% | 65.61% | 65.13% | 101.18% | 63.63% | 61.62% | 59.4% | 58.45% | 65.25% | 62.1% | 61.22% | 61.1% | 62.59% | 60.58% | 59.03% | 60.15% | 59.67% | 59.22% | 59.34% | 59.36% | 63.64% |
| Gross Profit | 5.05M | 5.45M | 4.77M | 4.19M | 4.46M | 6.72M | 6.73M | 5.66M | 6.82M | 6.58M | 6.9M | 8.94M | 8.45M | -281.82K | 13.01M | 14.53M | 16.86M | 16.87M | 13.27M | 17.79M | 17.92M | 19.8M | 15.07M | 15.96M | 13.85M | 14.57M | 15.57M | 14.22M | 13.5M | 16.5M | 14.4M |
| Gross Margin % | 41.89% | 41.87% | 37.81% | 34.12% | 34.03% | 37.93% | 34.44% | 30.92% | 31.22% | 27.99% | 28.67% | 34.39% | 34.87% | -1.18% | 36.37% | 38.38% | 40.6% | 41.55% | 34.75% | 37.9% | 38.78% | 38.9% | 37.41% | 39.42% | 40.97% | 39.85% | 40.33% | 40.78% | 40.66% | 40.64% | 36.36% |
| Gross Profit Growth % | - | 14.22% | 14.05% | -6.1% | -33.63% | -0.25% | 18.89% | -16.97% | 3.61% | -4.54% | -22.89% | 5.85% | 3097.87% | -102.17% | -10.48% | -13.79% | -0.07% | 27.14% | -25.43% | -0.7% | -9.49% | 31.36% | -5.59% | 15.27% | -4.98% | -6.41% | 9.5% | 5.34% | -18.18% | 14.58% | 20% |
| Operating Expenses | 6.91M | 6.96M | 6.51M | 6.06M | 29.34M | 5.81M | 7.12M | 6.15M | 6.42M | 6.92M | 7.67M | 6.67M | 7.94M | 9.72M | 5.37M | 10.64M | 10.61M | 21.82M | 10.65M | 10.79M | 10.07M | 10.06M | 8.54M | 8.09M | 7.16M | 7.27M | 7.45M | 7.61M | 7.8M | 8.5M | 9.3M |
| OpEx % of Revenue | - | 53.49% | 51.57% | 49.39% | 223.99% | 32.84% | 36.44% | 33.57% | 29.37% | 29.43% | 31.88% | 25.67% | 32.75% | 40.78% | 15% | 28.11% | 25.54% | 53.76% | 27.9% | 22.99% | 21.79% | 19.78% | 21.21% | 19.98% | 21.18% | 19.87% | 19.29% | 21.82% | 23.49% | 20.94% | 23.48% |
| Selling, General & Admin | 6.91M | 6.74M | 385.3K | 238.86K | 125.27K | 754.77K | 7.12M | 6.15M | 6.42M | 6.94M | 7.39M | 7.87M | 7.9M | 9.44M | 13.35M | 12.12M | 11.43M | 9.87M | 10.65M | 10.79M | 10.07M | 10.06M | 8.54M | 8.09M | 7.16M | 7.27M | 7.45M | 6.95M | 7.2M | 7.8M | 8.6M |
| SG&A % of Revenue | - | 51.73% | 3.05% | 1.95% | 0.96% | 4.26% | 36.44% | 33.57% | 29.37% | 29.51% | 30.71% | 30.26% | 32.62% | 39.61% | 37.33% | 32% | 27.53% | 24.31% | 27.9% | 22.99% | 21.79% | 19.78% | 21.21% | 19.98% | 21.18% | 19.87% | 19.29% | 19.92% | 21.69% | 19.21% | 21.72% |
| Research & Development | 0 | 229.74K | 213.87K | 238.09K | 288.23K | 285.24K | 410.6K | 397.36K | 334.79K | 427.01K | 213.65K | 91.26K | 0 | 3.94M | 2.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 1.76% | 1.69% | 1.94% | 2.2% | 1.61% | 2.1% | 2.17% | 1.53% | 1.82% | 0.89% | 0.35% | - | 16.55% | 8.37% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 5.91M | 5.58M | 28.93M | 4.77M | -410.6K | -397.36K | 0 | 0 | 67.55K | -1.29M | 31.03K | -745.79K | -7.59M | -1.47M | -826.18K | 11.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 663.42K | 600K | 700K | 700K |
| Operating Income | -1.87M | -1.51M | -1.74M | -1.87M | -24.88M | 902.02K | -390.49K | -484.04K | 404.43K | -356.91K | -772.13K | 2.27M | 512.8K | -10M | 7.64M | 3.89M | 6.25M | -4.96M | 2.61M | 7M | 7.85M | 9.73M | 6.53M | 7.87M | 6.69M | 7.31M | 8.13M | 6.61M | 5.7M | 8M | 5.1M |
| Operating Margin % | -15.5% | -11.62% | -13.76% | -15.26% | -189.96% | 5.09% | -2% | -2.64% | 1.85% | -1.52% | -3.21% | 8.73% | 2.12% | -41.96% | 21.37% | 10.26% | 15.06% | -12.21% | 6.85% | 14.91% | 16.99% | 19.12% | 16.2% | 19.44% | 19.78% | 19.98% | 21.05% | 18.96% | 17.17% | 19.7% | 12.88% |
| Operating Income Growth % | - | 12.93% | 7.21% | 92.48% | -2858.71% | 331% | 19.33% | -219.68% | 213.31% | 53.78% | -134.03% | 342.49% | 105.13% | -230.91% | 96.63% | -37.82% | 226.14% | -289.59% | -62.66% | -10.84% | -19.34% | 49.14% | -17.11% | 17.71% | -8.48% | -10.08% | 22.92% | 15.98% | -28.75% | 56.86% | 88.89% |
| EBITDA | -1.63M | -1.21M | -1.5M | -1.68M | -24.65M | 1.2M | -87.88K | -153.41K | 834.18K | 169.35K | -268.54K | 2.76M | 1.07M | -8.91M | 10.04M | 4.73M | 6.82M | -4.32M | 3.43M | 7.96M | 8.82M | 10.69M | 7.57M | 8.53M | 7.27M | 7.88M | 8.73M | 7.27M | 6.3M | 8.7M | 5.8M |
| EBITDA Margin % | -13.54% | -9.27% | -11.88% | -13.7% | -188.2% | 6.75% | -0.45% | -0.84% | 3.82% | 0.72% | -1.12% | 10.6% | 4.43% | -37.35% | 28.08% | 12.49% | 16.42% | -10.64% | 8.99% | 16.96% | 19.1% | 21% | 18.79% | 21.07% | 21.51% | 21.56% | 22.6% | 20.86% | 18.98% | 21.43% | 14.65% |
| EBITDA Growth % | -82.91% | 19.55% | 10.71% | 93.19% | -2162.25% | 1460.43% | 42.72% | -118.39% | 392.58% | 163.06% | -109.74% | 157.01% | 112.04% | -188.69% | 112.24% | -30.59% | 257.75% | -225.9% | -56.89% | -9.78% | -17.43% | 41.19% | -11.29% | 17.33% | -7.76% | -9.66% | 19.97% | 15.47% | -27.59% | 50% | 65.71% |
| D&A (Non-Cash Add-back) | 235.66K | 305.73K | 237.21K | 192.27K | 230.29K | 293.46K | 302.62K | 330.63K | 429.75K | 526.26K | 503.58K | 487.13K | 559.63K | 1.1M | 2.4M | 844.22K | 564.61K | 635.17K | 817.96K | 961.61K | 973.8K | 955.17K | 1.04M | 660.8K | 584.76K | 576.89K | 600.82K | 663.42K | 600K | 700K | 700K |
| EBIT | -1.03M | -1.51M | -2.74M | -2.81M | -2.74M | 1.28M | 497.72K | -484.04K | 276.31K | -364.16K | -772.13K | 983.11K | 543.83K | -9.96M | 7.64M | 3.89M | 6.37M | -4.96M | 2.89M | 7M | 7.85M | 9.73M | 7.4M | 7.87M | 6.69M | 7.31M | 8.13M | 6.61M | 5.63M | 8M | 5.1M |
| Net Interest Income | 758.01K | 881.88K | 879.77K | 847.64K | 520.81K | 11.51K | 2.71K | 20.18K | 3.18K | -5.22K | -964 | -6.08K | -12.81K | 49.59K | 56.09K | 153.75K | -39.2K | -428.88K | -201.25K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 759.94K | 884K | 879.77K | 847.64K | 520.81K | 11.51K | 2.71K | 20.18K | 3.18K | 0 | 0 | 0 | 0 | 49.59K | 56.09K | 29.32K | 65.63K | 263 | 15.5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.93K | 2.12K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.22K | 964 | 6.08K | 12.81K | 0 | 0 | 124.42K | 52.42K | 429.14K | 216.75K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.01M | 1.13M | 879.77K | 847.64K | 33.52M | 373.9K | 888.21K | 20.18K | 3.18K | -5.22K | -964 | -6.08K | -12.81K | 49.59K | 56.09K | 153.74K | 65.63K | -428.88K | 3.23M | 411.13K | 494.22K | 510.96K | 870.28K | 1.09M | 176.84K | 149.89K | 1.08M | 1.36M | 1.3M | 900K | 900K |
| Pretax Income | -859K | -380.57K | -857.35K | -1.02M | 8.64M | 1.28M | 497.72K | -463.86K | 407.61K | -343.36K | -773.09K | 2.26M | 499.99K | -9.96M | 7.7M | 4.04M | 6.32M | -5.38M | 2.89M | 7.41M | 8.34M | 10.24M | 7.4M | 8.97M | 7.44M | 8.2M | 9.21M | 7.97M | 7M | 8.9M | 6M |
| Pretax Margin % | -7.13% | -2.92% | -6.79% | -8.35% | 65.93% | 7.21% | 2.55% | -2.53% | 1.87% | -1.46% | -3.21% | 8.7% | 2.06% | -41.76% | 21.53% | 10.67% | 15.21% | -13.26% | 7.56% | 15.79% | 18.06% | 20.13% | 18.36% | 22.14% | 22.01% | 22.43% | 23.84% | 22.86% | 21.08% | 21.92% | 15.15% |
| Income Tax | 10.37K | 10.89K | 17.48K | -73.6K | 317.38K | 7.52K | 4.13K | 1.74K | -26.5K | 3.04M | 190.55K | 874.04K | 17.38K | -4.4M | 2.27M | 1.1M | 1.94M | -1.81M | 911.06K | 2.92M | 3.19M | 4.02M | 2.9M | 3.52M | 2.92M | 3.16M | 3.52M | 3.02M | 2.7M | 3.4M | 2.4M |
| Effective Tax Rate % | -1.21% | -2.86% | -2.04% | 7.18% | 3.67% | 0.59% | 0.83% | -0.38% | -6.5% | -886.14% | -24.65% | 38.62% | 3.48% | 44.21% | 29.5% | 27.23% | 30.77% | 33.66% | 31.55% | 39.35% | 38.21% | 39.26% | 39.24% | 39.23% | 39.24% | 38.53% | 38.22% | 37.87% | 38.57% | 38.2% | 40% |
| Net Income | -869.36K | -391.46K | -874.83K | -950.91K | 8.32M | 1.27M | 493.59K | -465.6K | 434.11K | -3.39M | -963.64K | 1.39M | 482.61K | -5.55M | 5.43M | 2.94M | 4.37M | -3.57M | 1.98M | 4.49M | 5.16M | 6.22M | 4.49M | 5.37M | 4.52M | 5.04M | 5.69M | 4.95M | 4.3M | 5.5M | 3.6M |
| Net Margin % | -7.22% | -3.01% | -6.93% | -7.75% | 63.51% | 7.16% | 2.53% | -2.54% | 1.99% | -14.4% | -4.01% | 5.34% | 1.99% | -23.29% | 15.18% | 7.77% | 10.53% | -8.8% | 5.18% | 9.57% | 11.16% | 12.23% | 11.15% | 13.27% | 13.38% | 13.79% | 14.73% | 14.2% | 12.95% | 13.55% | 9.09% |
| Net Income Growth % | -310.92% | 55.25% | 8% | -111.43% | 555.88% | 156.97% | 206.01% | -207.25% | 112.82% | -251.38% | -169.38% | 187.81% | 108.69% | -202.32% | 84.59% | -32.76% | 222.43% | -280.72% | -56.02% | -12.84% | -17.13% | 38.46% | -16.35% | 18.82% | -10.32% | -11.36% | 14.82% | 15.2% | -21.82% | 52.78% | 50% |
| Net Income (Continuing) | -869.36K | -391.46K | -874.83K | -950.91K | 8.32M | 1.27M | 493.59K | -465.6K | 305.99K | -3.41M | -963.64K | 1.39M | 482.61K | -5.55M | 5.43M | 2.94M | 4.37M | -3.57M | 1.98M | 4.49M | 5.16M | 6.22M | 4.49M | 5.45M | 4.17M | 4.59M | 5.69M | 4.95M | 4.3M | 5.5M | 3.6M |
| 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) | -0.09 | -0.04 | -0.09 | -0.10 | 0.85 | 0.13 | 0.05 | -0.06 | 0.06 | -0.46 | -0.13 | 0.19 | 0.07 | -0.75 | 0.74 | 0.40 | 0.59 | -0.48 | 0.27 | 0.61 | 0.69 | 0.82 | 0.57 | 0.68 | 0.59 | 0.64 | 0.64 | 0.47 | 0.35 | 0.41 | 0.26 |
| EPS Growth % | -296.55% | 55.67% | 6.6% | -111.76% | 553.85% | 153.91% | 181.4% | -207.34% | 112.74% | -253.85% | -168.42% | 171.43% | 109.33% | -201.35% | 85% | -32.2% | 222.92% | -277.78% | -55.74% | -11.59% | -15.85% | 43.86% | -16.18% | 15.25% | -7.81% | 0% | 36.17% | 34.29% | -14.63% | 57.69% | 52.94% |
| EPS (Basic) | - | -0.04 | -0.09 | -0.10 | 0.91 | 0.14 | 0.06 | -0.06 | 0.06 | -0.46 | -0.13 | 0.19 | 0.07 | -0.75 | 0.74 | 0.40 | 0.59 | -0.48 | 0.27 | 0.61 | 0.70 | 0.84 | 0.61 | 0.72 | 0.62 | 0.68 | 0.68 | 0.49 | 0.35 | 0.42 | 0.27 |
| Diluted Shares Outstanding | 9.47M | 9.46M | 9.36M | 9.25M | 9.75M | 9.99M | 9.64M | 7.4M | 7.41M | 7.36M | 7.41M | 7.31M | 6.89M | 7.38M | 7.38M | 7.35M | 7.38M | 7.44M | 7.39M | 7.37M | 7.47M | 7.63M | 7.88M | 7.84M | 7.72M | 7.84M | 8.89M | 10.43M | 12.37M | 13.33M | 13.65M |
| Basic Shares Outstanding | 9.47M | 9.46M | 9.36M | 9.25M | 9.19M | 9.07M | 7.86M | 7.4M | 7.4M | 7.36M | 7.38M | 7.31M | 6.89M | 7.38M | 7.38M | 7.35M | 7.38M | 7.44M | 7.39M | 7.37M | 7.37M | 7.41M | 7.43M | 7.51M | 7.31M | 7.4M | 8.43M | 10.16M | 12.2M | 13.1M | 13.45M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 32.64% | 60.26% | 40.51% | - | 97.16% | 124.42% | 109.41% | 90.77% | 42.88% | 36.48% | 41.29% | 26.55% | - | - | - | - | - |
Quick answers to the most common questions about buying KOSS stock.
For fiscal year 2026, Koss Corporation (KOSS) reported total revenue of $13.0M. This represents a 67.1% decline compared to $39.6M in 1997.
Koss Corporation (KOSS) reported a net loss of $0.4M for the fiscal year ending 2026.
Koss Corporation (KOSS) reported an operating income of $-1.5M, resulting in an operating profit margin of -11.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Koss Corporation (KOSS) generated $5.5M in gross profit for the year, representing a gross profit margin of 41.9%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Operating scale and overhead
Metrics are mathematically derived from official filings.
Stagnant Revenue Amid Volatile Demand
According to the provided quarterly income statements, KOSS has struggled to maintain consistent top-line momentum, with revenue fluctuating between $2.6 million and $4.1 million over the last ten quarters, ultimately reflecting a lack of durable growth drivers in its core consumer electronics segment.
The erratic revenue performance suggests that the company remains highly susceptible to seasonal retail cycles and lacks a diversified product pipeline to smooth out quarterly volatility. Investors should monitor whether the recent 1.6% growth in 2026Q3 represents a stabilization or merely a temporary reprieve from the broader trend of inconsistent demand.
Gross Margin Volatility Limits Profitability
As reported in financial statements, KOSS's gross margin has oscillated significantly between 29.0% and 40.4%, indicating that the company lacks the pricing power necessary to consistently offset fluctuations in manufacturing costs and the impact of its current channel distribution mix.
The inability to maintain a stable gross margin above 40% suggests that the company's legacy product portfolio faces persistent competitive pressure. This margin instability complicates the path to profitability, as the firm lacks the buffer required to absorb rising input costs or promotional discounting.
Operating Leverage Constrained by Overhead
Based on the company's reported figures, KOSS consistently fails to achieve positive operating income, with SG&A expenses frequently exceeding gross profit, which implies that the current corporate overhead is structurally misaligned with the firm's limited revenue scale.
The persistent operating losses, such as the -$719.1K reported in 2026Q3, indicate that the company has not yet achieved the necessary economies of scale to cover its fixed costs. This suggests that without a significant increase in volume or a drastic reduction in SG&A, the firm may continue to face structural operating deficits.
Sustainability of Current Operating Model
Data from the last ten quarters reveals that KOSS's reliance on legacy hardware sales without a clear pivot to high-margin digital services may be unsustainable, as evidenced by the recurring negative operating margins that consistently erode the company's cash reserves.
Short-term observers might point to the lack of R&D investment as a sign of efficiency, but this may actually signal a long-term risk of product obsolescence. The company's inability to generate consistent operating income suggests that the current business model may be fundamentally ill-equipped to compete in a modern, software-integrated audio market.