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Daktronics Inc Financials

DAKT
Source SEC Filings (10-K/10-Q) Updated Mar 4, 2026 Currency USD FYE April

This page shows Daktronics Inc (DAKT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

Profitability Growth Leverage Liquidity Cash Flow Returns 44 / 100
Financial Profile 44/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Daktronics Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
35

Daktronics Inc has an operating margin of 4.4%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is down from 10.7% the prior year.

Growth
34

Daktronics Inc's revenue declined 7.5% year-over-year, from $818.1M to $756.5M. This contraction results in a growth score of 34/100.

Leverage
100

Daktronics Inc carries a low D/E ratio of 0.04, meaning only $0.04 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.

Liquidity
38

Daktronics Inc's current ratio of 2.07 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
41

Daktronics Inc has a free cash flow margin of 10.3%, earning a moderate score of 41/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
18

Daktronics Inc generates a -3.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is down from 14.5% the prior year.

Altman Z-Score Safe
4.52

Daktronics Inc scores 4.52, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak
3/9

Daktronics Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
-9.65x

For every $1 of reported earnings, Daktronics Inc generates $-9.65 in operating cash flow ($97.7M OCF vs -$10.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe
11.5x

Daktronics Inc earns $11.5 in operating income for every $1 of interest expense ($33.1M vs $2.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$756.5M
YoY-7.5%
5Y CAGR+4.4%
10Y CAGR+2.1%

Daktronics Inc generated $756.5M in revenue in fiscal year 2025. This represents a decrease of 7.5% from the prior year.

EBITDA
$52.7M
YoY-50.5%
5Y CAGR+24.6%
10Y CAGR+1.3%

Daktronics Inc's EBITDA was $52.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 50.5% from the prior year.

Net Income
-$10.1M
YoY-129.2%

Daktronics Inc reported -$10.1M in net income in fiscal year 2025. This represents a decrease of 129.2% from the prior year.

EPS (Diluted)
$-0.21
YoY-128.4%

Daktronics Inc earned $-0.21 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 128.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$78.2M
YoY+69.1%
10Y CAGR+9.5%

Daktronics Inc generated $78.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 69.1% from the prior year.

Cash & Debt
$136.9M
YoY+41.4%
5Y CAGR+25.1%
10Y CAGR+14.5%

Daktronics Inc held $136.9M in cash against $10.1M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
49M
YoY+6.1%
5Y CAGR+2.0%
10Y CAGR+1.2%

Daktronics Inc had 49M shares outstanding in fiscal year 2025. This represents an increase of 6.1% from the prior year.

Margins & Returns

Gross Margin
25.8%
YoY-1.3pp
5Y CAGR+3.1pp
10Y CAGR+2.4pp

Daktronics Inc's gross margin was 25.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.

Operating Margin
4.4%
YoY-6.3pp
5Y CAGR+4.4pp
10Y CAGR-0.7pp

Daktronics Inc's operating margin was 4.4% in fiscal year 2025, reflecting core business profitability. This is down 6.3 percentage points from the prior year.

Net Margin
-1.3%
YoY-5.6pp
5Y CAGR-1.4pp
10Y CAGR-4.7pp

Daktronics Inc's net profit margin was -1.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.6 percentage points from the prior year.

Return on Equity
-3.6%
YoY-18.2pp
5Y CAGR-3.9pp
10Y CAGR-13.5pp

Daktronics Inc's ROE was -3.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 18.2 percentage points from the prior year.

Capital Allocation

R&D Spending
$38.9M
YoY+8.7%
5Y CAGR+0.6%
10Y CAGR+4.7%

Daktronics Inc invested $38.9M in research and development in fiscal year 2025. This represents an increase of 8.7% from the prior year.

Share Buybacks
$29.5M
5Y CAGR+39.2%

Daktronics Inc spent $29.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$19.5M
YoY+14.8%
5Y CAGR+1.5%
10Y CAGR-1.1%

Daktronics Inc invested $19.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.8% from the prior year.

DAKT Income Statement

Metric Q4'26 Q3'26 Q2'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $181.9M-20.7% $229.3M+4.7% $219.0M+26.9% $172.6M+15.4% $149.5M-28.2% $208.3M-7.9% $226.1M+4.7% $215.9M
Cost of Revenue $138.2M-17.4% $167.4M+8.8% $153.9M+18.9% $129.4M+14.8% $112.7M-26.1% $152.5M-8.4% $166.4M+3.7% $160.5M
Gross Profit $43.6M-29.4% $61.8M-5.0% $65.1M+50.8% $43.1M+17.3% $36.8M-34.2% $55.9M-6.4% $59.7M+7.8% $55.4M
R&D Expenses $10.5M+0.8% $10.4M-2.1% $10.7M+7.2% $10.0M+5.5% $9.4M-4.1% $9.8M+2.2% $9.6M+3.7% $9.3M
SG&A Expenses $15.8M+15.1% $13.8M-3.7% $14.3M-27.5% $19.7M+19.6% $16.5M+6.1% $15.6M+32.6% $11.7M+1.5% $11.6M
Operating Income $1.9M-91.1% $21.6M-7.3% $23.3M+1437.5% -$1.7M+52.0% -$3.6M-123.0% $15.8M-30.6% $22.7M+16.9% $19.4M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $502K-88.5% $4.4M-23.8% $5.8M+243.4% -$4.0M-508.0% -$660K-117.5% $3.8M-26.9% $5.2M+11.1% $4.6M
Net Income $3.0M-82.8% $17.5M+6.1% $16.5M+274.7% -$9.4M+45.1% -$17.2M-180.1% $21.4M+532.8% -$4.9M-296.4% $2.5M
EPS (Diluted) $0.06-82.9% $0.35+6.1% $0.33 N/A $-0.36-263.6% $0.22+300.0% $-0.11 N/A

DAKT Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $546.4M-0.4% $548.4M+0.5% $545.6M+8.5% $502.9M-4.1% $524.2M-5.0% $551.9M-0.4% $553.9M+4.9% $527.9M
Current Assets $425.8M-1.0% $430.2M+0.2% $429.4M+12.6% $381.5M-3.3% $394.4M-6.7% $422.8M-1.1% $427.4M+6.3% $401.9M
Cash & Equivalents $144.4M-3.5% $149.6M+9.3% $136.9M+7.3% $127.5M-3.5% $132.2M-1.6% $134.4M+38.8% $96.8M+19.1% $81.3M
Inventory $103.6M+2.5% $101.1M-7.6% $109.5M+3.4% $105.8M-6.1% $112.7M-7.3% $121.6M-9.9% $134.9M-2.2% $138.0M
Accounts Receivable $114.3M-11.6% $129.4M+4.1% $124.3M+33.9% $92.8M-2.9% $95.5M-14.2% $111.3M-15.7% $132.0M+12.7% $117.2M
Goodwill $3.7M+17.1% $3.2M-0.8% $3.2M+0.2% $3.2M+3.3% $3.1M-3.4% $3.2M-0.1% $3.2M-0.9% $3.2M
Total Liabilities $252.6M+0.7% $250.9M-5.6% $265.8M+15.1% $231.0M-8.3% $251.9M-13.4% $291.0M-7.8% $315.7M+9.2% $289.1M
Current Liabilities $191.6M-0.6% $192.6M-7.2% $207.6M+20.7% $172.0M+5.9% $162.4M-9.8% $180.1M-8.6% $196.9M+2.4% $192.3M
Long-Term Debt $9.9M+1.1% $9.8M-2.8% $10.1M-3.9% $10.5M-74.4% $41.0M-35.8% $63.9M-14.2% $74.5M+40.1% $53.2M
Total Equity $293.7M-1.2% $297.5M+6.3% $279.8M+2.9% $271.9M-0.1% $272.3M+4.4% $260.9M+9.5% $238.2M-0.2% $238.8M
Retained Earnings $164.9M+1.9% $161.9M+12.1% $144.4M+12.9% $127.9M-6.9% $137.3M-11.1% $154.5M+16.1% $133.1M-3.6% $138.0M

DAKT Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow $10.0M-39.4% $16.5M-36.7% $26.1M+14.1% $22.9M+90.3% $12.0M-72.3% $43.3M+122.5% $19.5M+106.1% $9.5M
Capital Expenditures $1.2M-52.7% $2.5M-42.4% $4.3M-11.1% $4.8M+14.9% $4.2M-22.0% $5.4M+6.0% $5.1M+51.6% $3.4M
Free Cash Flow $8.8M-37.0% $14.0M-35.6% $21.8M+20.8% $18.0M+130.9% $7.8M-79.4% $38.0M+163.6% $14.4M+136.1% $6.1M
Investing Cash Flow -$2.9M+25.1% -$3.8M+31.7% -$5.6M+6.3% -$6.0M-11.1% -$5.4M+15.8% -$6.4M-7.5% -$6.0M-40.4% -$4.3M
Financing Cash Flow -$39.1M-36110.2% -$108K+99.0% -$11.1M+46.6% -$20.9M-141.7% -$8.6M-29648.3% -$29K-101.4% $2.1M+463.7% -$567K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $22.8M+1357.3% $1.6M-85.3% $10.7M-47.9% $20.5M+126.9% $9.0M $0 $0 $0

DAKT Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 24.0%-3.0pp 27.0%-2.8pp 29.7%+4.7pp 25.0%+0.4pp 24.6%-2.2pp 26.8%+0.4pp 26.4%+0.8pp 25.7%
Operating Margin 1.1%-8.3pp 9.4%-1.2pp 10.6%+11.6pp -1.0%+1.4pp -2.4%-10.0pp 7.6%-2.5pp 10.1%+1.1pp 9.0%
Net Margin 1.7%-6.0pp 7.6%+0.1pp 7.5%+13.0pp -5.5%+6.0pp -11.5%-21.8pp 10.3%+12.5pp -2.2%-3.4pp 1.2%
Return on Equity 1.0%-4.9pp 5.9%-0.0pp 5.9%+9.4pp -3.5%+2.8pp -6.3%-14.5pp 8.2%+10.3pp -2.1%-3.1pp 1.1%
Return on Assets 0.5%-2.6pp 3.2%+0.2pp 3.0%+4.9pp -1.9%+1.4pp -3.3%-7.2pp 3.9%+4.8pp -0.9%-1.4pp 0.5%
Current Ratio 2.22-0.0 2.23+0.2 2.07-0.1 2.22-0.2 2.43+0.1 2.35+0.2 2.17+0.1 2.09
Debt-to-Equity 0.030.0 0.030.0 0.040.0 0.04-0.1 0.15-0.1 0.24-0.1 0.31+0.1 0.22
FCF Margin 4.9%-1.3pp 6.1%-3.8pp 10.0%-0.5pp 10.5%+5.2pp 5.2%-13.0pp 18.2%+11.8pp 6.4%+3.5pp 2.8%

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Frequently Asked Questions

Daktronics Inc (DAKT) reported $756.5M in total revenue for fiscal year 2025. This represents a -7.5% 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.

Daktronics Inc (DAKT) revenue declined by 7.5% year-over-year, from $818.1M to $756.5M in fiscal year 2025.

No, Daktronics Inc (DAKT) reported a net income of -$10.1M in fiscal year 2025, with a net profit margin of -1.3%.

Daktronics Inc (DAKT) reported diluted earnings per share of $-0.21 for fiscal year 2025. This represents a -128.4% 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.

Daktronics Inc (DAKT) had EBITDA of $52.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Daktronics Inc (DAKT) had $136.9M in cash and equivalents against $10.1M in long-term debt.

Daktronics Inc (DAKT) had a gross margin of 25.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Daktronics Inc (DAKT) had an operating margin of 4.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Daktronics Inc (DAKT) had a net profit margin of -1.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Daktronics Inc (DAKT) has a return on equity of -3.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Daktronics Inc (DAKT) generated $78.2M in free cash flow during fiscal year 2025. This represents a 69.1% 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.

Daktronics Inc (DAKT) generated $97.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Daktronics Inc (DAKT) had $545.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Daktronics Inc (DAKT) invested $19.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Daktronics Inc (DAKT) invested $38.9M in research and development during fiscal year 2025.

Yes, Daktronics Inc (DAKT) spent $29.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Daktronics Inc (DAKT) had 49M shares outstanding as of fiscal year 2025.

Daktronics Inc (DAKT) had a current ratio of 2.07 as of fiscal year 2025, which is generally considered healthy.

Daktronics Inc (DAKT) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Daktronics Inc (DAKT) had a return on assets of -1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Daktronics Inc (DAKT) has an Altman Z-Score of 4.52, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Daktronics Inc (DAKT) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Daktronics Inc (DAKT) has an earnings quality ratio of -9.65x, 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.

Daktronics Inc (DAKT) has an interest coverage ratio of 11.5x, meaning it can comfortably 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.

Daktronics Inc (DAKT) scores 44 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.

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