Amtech Systems Financials
This page shows Amtech Systems (ASYS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Amtech Systems has an operating margin of -35.9%, meaning the company retains $-36 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -6.7% the prior year.
Amtech Systems's revenue declined 21.6% year-over-year, from $101.2M to $79.4M. This contraction results in a growth score of 0/100.
Amtech Systems carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.94, Amtech Systems holds $2.94 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 98/100.
Amtech Systems has a free cash flow margin of 8.7%, earning a moderate score of 44/100. The company generates positive cash flow after capital investments, but with room for improvement.
Amtech Systems passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Amtech Systems generates $-0.26 in operating cash flow ($7.9M OCF vs -$30.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Amtech Systems earns $-1095.7 in operating income for every $1 of interest expense (-$28.5M vs $26K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Amtech Systems generated $79.4M in revenue in fiscal year 2025. This represents a decrease of 21.6% from the prior year.
Amtech Systems's EBITDA was -$25.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 595.8% from the prior year.
Amtech Systems generated $6.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 39.5% from the prior year.
Amtech Systems reported -$30.3M in net income in fiscal year 2025. This represents a decrease of 257.4% from the prior year.
Amtech Systems earned $-2.12 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 253.3% from the prior year.
Amtech Systems held $17.9M in cash against $294K in long-term debt as of fiscal year 2025.
Amtech Systems had 14M shares outstanding in fiscal year 2025. This represents an increase of 0.7% from the prior year.
Amtech Systems's gross margin was 34.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.8 percentage points from the prior year.
Amtech Systems's operating margin was -35.9% in fiscal year 2025, reflecting core business profitability. This is down 29.3 percentage points from the prior year.
Amtech Systems's net profit margin was -38.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 29.8 percentage points from the prior year.
Amtech Systems invested $950K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 80.5% from the prior year.
ASYS Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.0M-3.0% | $19.6M+25.5% | $15.6M-36.1% | $24.4M-8.8% | $26.7M+5.2% | $25.4M+2.1% | $24.9M-18.9% | $30.7M |
| Cost of Revenue | $10.5M+0.5% | $10.4M-34.5% | $15.9M+5.9% | $15.0M-11.6% | $17.0M+0.1% | $17.0M+7.1% | $15.9M-19.8% | $19.8M |
| Gross Profit | $8.5M-7.0% | $9.1M+2909.8% | -$325K-103.5% | $9.4M-4.0% | $9.8M+15.5% | $8.5M+2.8% | $8.2M-25.2% | $11.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.9M-6.9% | $7.4M+3.8% | $7.1M-11.6% | $8.1M-1.9% | $8.2M-0.5% | $8.3M-3.7% | $8.6M-16.8% | $10.3M |
| Operating Income | $775K-15.3% | $915K+102.9% | -$31.6M-9416.5% | $339K-58.5% | $816K-40.1% | $1.4M+115.3% | -$8.9M-698.4% | -$1.1M |
| Interest Expense | $7K+40.0% | $5K-16.7% | $6K-14.3% | $7K-93.5% | $107K-44.6% | $193K-2.5% | $198K+7.0% | $185K |
| Income Tax | $581K-27.3% | $799K+193.8% | $272K-38.9% | $445K-2.6% | $457K+104.9% | $223K+284.5% | $58K-72.5% | $211K |
| Net Income | $108K+1.9% | $106K+100.3% | -$31.8M-10296.2% | $312K-28.8% | $438K-54.8% | $970K+110.4% | -$9.4M-811.2% | -$1.0M |
| EPS (Diluted) | $0.010.0% | $0.01+100.4% | $-2.23-11250.0% | $0.02-33.3% | $0.03-57.1% | $0.07+110.6% | $-0.66-842.9% | $-0.07 |
ASYS Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $94.1M+5.2% | $89.5M+7.3% | $83.4M-29.2% | $117.8M-1.3% | $119.3M+2.4% | $116.5M-6.9% | $125.0M-8.7% | $137.0M |
| Current Assets | $62.4M+8.0% | $57.8M+6.7% | $54.1M-15.8% | $64.3M-0.7% | $64.7M-7.9% | $70.3M-10.1% | $78.2M-3.7% | $81.2M |
| Cash & Equivalents | $22.1M+41.9% | $15.6M+15.9% | $13.4M+1.6% | $13.2M+19.2% | $11.1M-14.7% | $13.0M-23.7% | $17.0M+29.7% | $13.1M |
| Inventory | $19.0M-2.9% | $19.6M-5.7% | $20.8M-18.8% | $25.6M-4.7% | $26.9M-14.2% | $31.3M-8.0% | $34.0M-2.3% | $34.8M |
| Accounts Receivable | $17.3M-9.2% | $19.0M+17.6% | $16.2M-22.2% | $20.8M-5.3% | $22.0M+3.6% | $21.2M-0.8% | $21.4M-19.2% | $26.5M |
| Goodwill | $908K0.0% | $908K0.0% | $908K-95.7% | $21.3M0.0% | $21.3M0.0% | $21.3M0.0% | $21.3M-23.1% | $27.6M |
| Total Liabilities | $40.0M+6.1% | $37.7M+16.6% | $32.4M-8.4% | $35.3M-4.4% | $37.0M+3.9% | $35.6M-21.7% | $45.4M-6.6% | $48.7M |
| Current Liabilities | $21.5M+14.3% | $18.8M+12.9% | $16.7M-12.0% | $19.0M-6.3% | $20.2M-21.9% | $25.9M-1.1% | $26.2M-11.9% | $29.7M |
| Long-Term Debt | $162K+27.6% | $127K-5.9% | $135K-16.1% | $161K-44.5% | $290K+346.2% | $65K-99.3% | $9.2M-13.9% | $10.7M |
| Total Equity | $54.1M+4.6% | $51.7M+1.3% | $51.0M-38.1% | $82.4M+0.1% | $82.4M+1.8% | $80.9M+1.6% | $79.6M-9.9% | $88.4M |
| Retained Earnings | -$75.7M+1.5% | -$76.9M+0.1% | -$77.0M-70.4% | -$45.2M+0.7% | -$45.5M-0.2% | -$45.4M+2.1% | -$46.4M-25.3% | -$37.0M |
ASYS Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.1M+62.0% | $2.5M+1105.7% | $210K-92.7% | $2.9M+226.2% | $879K+161.6% | $336K-93.2% | $5.0M+1002.2% | -$551K |
| Capital Expenditures | $277K-49.8% | $552K+6033.3% | $9K-93.7% | $143K+133.1% | -$432K-135.4% | $1.2M+61.4% | $756K-22.5% | $976K |
| Free Cash Flow | $3.8M+93.2% | $2.0M+885.1% | $201K-92.6% | $2.7M+509.4% | $447K+150.6% | -$884K-121.0% | $4.2M+376.0% | -$1.5M |
| Investing Cash Flow | -$277K+48.7% | -$540K-5900.0% | -$9K+93.7% | -$143K-133.1% | $432K-70.8% | $1.5M+295.8% | -$756K+22.5% | -$976K |
| Financing Cash Flow | $131K+669.6% | -$23K0.0% | -$23K-118.3% | $126K+103.2% | -$4.0M+31.8% | -$5.9M-1009.3% | -$528K-456.8% | $148K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ASYS Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.8%-1.9pp | 46.7%+48.8pp | -2.1%-40.5pp | 38.4%+1.9pp | 36.5%+3.3pp | 33.2%+0.3pp | 33.0%-2.8pp | 35.7% |
| Operating Margin | 4.1%-0.6pp | 4.7%+207.4pp | -202.7%-204.1pp | 1.4%-1.7pp | 3.0%-2.3pp | 5.4%+41.2pp | -35.9%-32.2pp | -3.6% |
| Net Margin | 0.6%+0.0pp | 0.5%+204.7pp | -204.2%-205.5pp | 1.3%-0.4pp | 1.6%-2.2pp | 3.8%+41.4pp | -37.5%-34.2pp | -3.3% |
| Return on Equity | 0.2%0.0pp | 0.2% | N/A | 0.4%-0.2pp | 0.5%-0.7pp | 1.2% | N/A | N/A |
| Return on Assets | 0.1%0.0pp | 0.1%+38.3pp | -38.1%-38.4pp | 0.3%-0.1pp | 0.3%-0.5pp | 0.8%+8.3pp | -7.5%-6.8pp | -0.7% |
| Current Ratio | 2.90-0.2 | 3.07-0.2 | 3.24-0.1 | 3.39+0.2 | 3.20+0.5 | 2.71-0.3 | 2.99+0.3 | 2.73 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00-0.1 | 0.120.0 | 0.12 |
| FCF Margin | 20.2%+10.0pp | 10.1%+8.8pp | 1.3%-9.9pp | 11.2%+10.0pp | 1.2%+4.7pp | -3.5%-20.4pp | 16.9%+25.9pp | -9.0% |
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Frequently Asked Questions
What is Amtech Systems's annual revenue?
Amtech Systems (ASYS) reported $79.4M in total revenue for fiscal year 2025. This represents a -21.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Amtech Systems's revenue growing?
Amtech Systems (ASYS) revenue declined by 21.6% year-over-year, from $101.2M to $79.4M in fiscal year 2025.
Is Amtech Systems profitable?
No, Amtech Systems (ASYS) reported a net income of -$30.3M in fiscal year 2025, with a net profit margin of -38.2%.
What is Amtech Systems's earnings per share (EPS)?
Amtech Systems (ASYS) reported diluted earnings per share of $-2.12 for fiscal year 2025. This represents a -253.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Amtech Systems's EBITDA?
Amtech Systems (ASYS) had EBITDA of -$25.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Amtech Systems have?
As of fiscal year 2025, Amtech Systems (ASYS) had $17.9M in cash and equivalents against $294K in long-term debt.
What is Amtech Systems's gross margin?
Amtech Systems (ASYS) had a gross margin of 34.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Amtech Systems's operating margin?
Amtech Systems (ASYS) had an operating margin of -35.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Amtech Systems's net profit margin?
Amtech Systems (ASYS) had a net profit margin of -38.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Amtech Systems's free cash flow?
Amtech Systems (ASYS) generated $6.9M in free cash flow during fiscal year 2025. This represents a 39.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Amtech Systems's operating cash flow?
Amtech Systems (ASYS) generated $7.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Amtech Systems's total assets?
Amtech Systems (ASYS) had $92.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Amtech Systems's capital expenditures?
Amtech Systems (ASYS) invested $950K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Amtech Systems have outstanding?
Amtech Systems (ASYS) had 14M shares outstanding as of fiscal year 2025.
What is Amtech Systems's current ratio?
Amtech Systems (ASYS) had a current ratio of 2.94 as of fiscal year 2025, which is generally considered healthy.
What is Amtech Systems's debt-to-equity ratio?
Amtech Systems (ASYS) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Amtech Systems's return on assets (ROA)?
Amtech Systems (ASYS) had a return on assets of -32.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Amtech Systems's Piotroski F-Score?
Amtech Systems (ASYS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Amtech Systems's earnings high quality?
Amtech Systems (ASYS) has an earnings quality ratio of -0.26x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Amtech Systems cover its interest payments?
Amtech Systems (ASYS) has an interest coverage ratio of -1095.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Amtech Systems?
Amtech Systems (ASYS) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.