Revenue has declined significantly over the last four years, while gross margins have compressed to a thin 3.4% as of 2025Q4, reflecting limited pricing power.
| Sales/Revenue | 39.68M | 32.46M | 57.53M | 105.42M | 167.74M | 140.07M | 46.58M | 61.46M |
| Revenue Growth % | 22.23% | -43.57% | -45.43% | -37.16% | 19.75% | 200.7% | -24.21% | - |
| Cost of Goods Sold | 37.14M | 30.78M | 55.47M | 92.8M | 150.39M | 128.49M | 42.61M | 56.98M |
| COGS % of Revenue | 93.6% | 94.81% | 96.43% | 88.04% | 89.65% | 91.73% | 91.47% | 92.71% |
| Gross Profit | 2.54M | 1.69M | 2.05M | 12.61M | 17.36M | 11.58M | 3.98M | 4.48M |
| Gross Margin % | 6.4% | 5.19% | 3.57% | 11.96% | 10.35% | 8.27% | 8.53% | 7.29% |
| Gross Profit Growth % | 50.57% | -17.89% | -83.72% | -27.34% | 49.85% | 191.41% | -11.3% | - |
| Operating Expenses | 11.62M | 11.22M | 12.31M | 12.16M | 14.14M | 8.12M | 3.1M | 3.36M |
| OpEx % of Revenue | 29.27% | 34.55% | 21.4% | 11.54% | 8.43% | 5.8% | 6.66% | 5.47% |
| Selling, General & Admin | 9.21M | 9.62M | 9.72M | 10.44M | 8.96M | 5.3M | 2.22M | 1.83M |
| SG&A % of Revenue | 23.22% | 29.62% | 16.9% | 9.91% | 5.34% | 3.78% | 4.77% | 2.99% |
| Research & Development | 2.53M | 1.7M | 2.78M | 2.52M | 5.71M | 2.83M | 882.2K | 1.53M |
| R&D % of Revenue | 6.38% | 5.24% | 4.84% | 2.39% | 3.41% | 2.02% | 1.89% | 2.48% |
| Other Operating Expenses | -130.59K | -101.18K | -194.53K | -795.78K | -527.82K | 0 | 0 | 0 |
| Operating Income | -9.08M | -9.53M | -10.26M | 450.42K | 3.22M | 3.46M | 871.28K | 1.12M |
| Operating Margin % | -22.88% | -29.35% | -17.83% | 0.43% | 1.92% | 2.47% | 1.87% | 1.82% |
| Operating Income Growth % | 4.75% | 7.08% | -2376.96% | -86% | -7.02% | 297.15% | -22.32% | - |
| EBITDA | -5.69M | -4.75M | -7.05M | 2.84M | 5.14M | 4.56M | 1.43M | 1.6M |
| EBITDA Margin % | -14.33% | -14.62% | -12.26% | 2.69% | 3.07% | 3.26% | 3.08% | 2.61% |
| EBITDA Growth % | -19.79% | 32.69% | -348.47% | -44.82% | 12.83% | 218.04% | -10.65% | - |
| D&A (Non-Cash Add-back) | 3.39M | 4.78M | 3.2M | 2.39M | 1.93M | 1.1M | 562.35K | 482.97K |
| EBIT | -8.71M | -8.98M | -9.68M | -345.36K | 2.69M | 3.46M | 871.28K | 787.19K |
| Net Interest Income | -1.59M | -1.65M | -1.27M | -1.29M | -1.11M | -688.4K | -632.49K | -425.14K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.59M | 1.65M | 1.27M | 1.29M | 1.11M | 688.4K | 632.49K | 425.14K |
| Other Income/Expense | -1.22M | -636.93K | -530.74K | -11.25K | 21.06K | -755.77K | -106.83K | -759.53K |
| Pretax Income | -10.3M | -10.17M | -10.79M | 439.17K | 3.24M | 2.7M | 764.45K | 362.05K |
| Pretax Margin % | -25.95% | -31.32% | -18.75% | 0.42% | 1.93% | 1.93% | 1.64% | 0.59% |
| Income Tax | 15.59K | 23.15K | 227.32K | 326.94K | -57.09K | -126.72K | -2.32K | -168.67K |
| Effective Tax Rate % | -0.15% | -0.23% | -2.11% | 74.45% | -1.76% | -4.69% | -0.3% | -46.59% |
| Net Income | -10.02M | -10.06M | -10.95M | 198.98K | 3.1M | 2.71M | 757.89K | 495.31K |
| Net Margin % | -25.24% | -30.99% | -19.03% | 0.19% | 1.85% | 1.94% | 1.63% | 0.81% |
| Net Income Growth % | 0.46% | 8.1% | -5602.52% | -93.58% | 14.18% | 258.12% | 53.01% | - |
| Net Income (Continuing) | -10.31M | -10.19M | -11.01M | 112.23K | 3.3M | 2.83M | 766.76K | 530.72K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.96M | 2.69M | 130.22K | 289K | 878.97K | 659.47K | 434.53K | 362.65K |
| EPS (Diluted) | -4.38 | -168.50 | -195.00 | 1062.50 | 14347.50 | 50.00 | 14.03 | 9.18 |
| EPS Growth % | 97.4% | 13.59% | -118.35% | -92.59% | 28595% | 256.51% | 52.86% | - |
| EPS (Basic) | -4.38 | -168.50 | -1955.00 | 1062.50 | 14347.50 | 50.00 | 14.03 | 9.18 |
| Diluted Shares Outstanding | 2.29M | 59.75K | 56.02K | 47.09K | 54K | 54K | 54K | 54K |
| Basic Shares Outstanding | 2.29M | 59.75K | 56.02K | 47.09K | 54K | 54K | 54K | 54K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 268.09% |
Structural Margin Erosion
As indicated by historical income statements, OST has experienced a significant decline in quarterly revenue from $87.4M in 2021Q2 to $18.8M in 2025Q4, reflecting a persistent inability to maintain top-line momentum within the highly competitive and commoditized display module assembly market in China.
The sharp reduction in revenue suggests that the company is losing market share or failing to secure repeat orders in its core consumer electronics segment. This downward trajectory implies that the business model lacks the necessary stickiness to withstand cyclical downturns in the regional manufacturing ecosystem.
According to the latest financial disclosures, OST's gross margin has compressed to a thin 3.4% as of 2025Q4, highlighting the company's extreme vulnerability to input cost fluctuations and its lack of pricing power as a downstream assembler of display components.
The consistent erosion of gross margins suggests that the company is unable to pass through rising costs to its customers, likely due to intense competition from larger, more integrated players. This thin margin profile leaves virtually no buffer to absorb operational inefficiencies or supply chain disruptions.
Based on reported figures, OST exhibits persistent negative operating leverage, with operating margins falling to -22.3% in 2025Q4, demonstrating that the company's fixed SG&A costs are disproportionately high relative to its current, significantly diminished revenue base.
The inability to scale operating income alongside revenue suggests that the company's cost structure is fundamentally misaligned with its current volume. Investors should monitor whether management can rationalize these fixed costs, as the current trajectory indicates that each additional dollar of revenue is failing to contribute to profitability.
Financial statements reveal that OST has transitioned from a profitable entity in 2021 to a loss-making operation, with net losses reaching $4.8M in 2025Q4, which raises significant concerns regarding the long-term viability of its current low-value-add assembly strategy.
The shift from positive net income to consistent losses suggests that the company's competitive position is deteriorating rather than stabilizing. The lack of a clear path to operational break-even warrants further investigation into whether the company can survive without external capital injections or a fundamental pivot in its product mix.
Quick answers to the most common questions about buying OST stock.
For fiscal year 2025, Ostin Technology Group Co., Ltd. (OST) reported total revenue of $39.7M. This represents a 35.4% decline compared to $61.5M in 2018.
Ostin Technology Group Co., Ltd. (OST) reported a net loss of $10.0M for the fiscal year ending 2025.
Ostin Technology Group Co., Ltd. (OST) reported an operating income of $-9.1M, resulting in an operating profit margin of -22.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Ostin Technology Group Co., Ltd. (OST) generated $2.5M in gross profit for the year, representing a gross profit margin of 6.4%. This demonstrates the company's core pricing power and production efficiency.