Franklin Wireless Corp Financials

FKWL

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE June

Financial Health Signals

Financial Profile 63/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Franklin Wireless Corp has an operating margin of -6.2%, meaning the company retains $-6 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 up from -19.3% the prior year.

Growth

100

Franklin Wireless Corp's revenue surged 49.6% year-over-year to $46.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Franklin Wireless Corp carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.64, Franklin Wireless Corp holds $3.64 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Franklin Wireless Corp's free cash flow margin of 3.9% results in a low score of 20/100. Capital expenditures of $33K absorb a large share of operating cash flow.

Piotroski F-Score Neutral

6/9

Franklin Wireless Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-7.59x

For every $1 of reported earnings, Franklin Wireless Corp generates $-7.59 in operating cash flow ($1.8M OCF vs -$243K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Franklin Wireless Corp (FKWL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

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Key Financial Metrics

Revenue

$46.1M

YoY+49.6%

5Y CAGR-9.3%

10Y CAGR-0.1%

Franklin Wireless Corp generated $46.1M in revenue in fiscal year 2025. This represents an increase of 49.6% from the prior year.

EBITDA

-$2.0M

YoY+59.2%

Franklin Wireless Corp's EBITDA was -$2.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 59.2% from the prior year.

Free Cash Flow

$1.8M

YoY+318.7%

5Y CAGR-39.2%

10Y CAGR-7.9%

Franklin Wireless Corp generated $1.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 318.7% from the prior year.

Net Income

-$243K

YoY+93.9%

Franklin Wireless Corp reported -$243K in net income in fiscal year 2025. This represents an increase of 93.9% from the prior year.

EPS (Diluted)

$-0.02

YoY+94.1%

Franklin Wireless Corp earned $-0.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 94.1% from the prior year.

Cash & Debt

$14.7M

YoY+20.2%

5Y CAGR-12.1%

10Y CAGR+2.2%

Franklin Wireless Corp held $14.7M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

12M

YoY+0.0%

5Y CAGR+2.1%

10Y CAGR+1.1%

Franklin Wireless Corp had 12M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Gross Margin

17.2%

YoY+5.8pp

5Y CAGR-2.2pp

10Y CAGR-1.0pp

Franklin Wireless Corp's gross margin was 17.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.8 percentage points from the prior year.

Operating Margin

-6.2%

YoY+13.1pp

5Y CAGR-15.6pp

10Y CAGR-7.3pp

Franklin Wireless Corp's operating margin was -6.2% in fiscal year 2025, reflecting core business profitability. This is up 13.1 percentage points from the prior year.

Net Margin

-0.5%

YoY+12.3pp

5Y CAGR-7.9pp

10Y CAGR-2.2pp

Franklin Wireless Corp's net profit margin was -0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 12.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$4.1M

YoY+20.4%

5Y CAGR+1.8%

10Y CAGR+3.5%

Franklin Wireless Corp invested $4.1M in research and development in fiscal year 2025. This represents an increase of 20.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$33K

YoY-40.5%

5Y CAGR-29.0%

10Y CAGR-4.7%

Franklin Wireless Corp invested $33K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 40.5% from the prior year.

FKWL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$46.1M+49.6%	$30.8M-33.0%	$45.9M+91.5%	$24.0M-87.0%	$184.1M+145.3%	$75.1M
Cost of Revenue	$38.2M+39.9%	$27.3M-29.9%	$38.9M+92.9%	$20.2M-86.7%	$151.7M+150.5%	$60.5M
Gross Profit	$7.9M+125.6%	$3.5M-50.0%	$7.0M+84.0%	$3.8M-88.2%	$32.5M+123.5%	$14.5M
R&D Expenses	$4.1M+20.4%	$3.4M-13.1%	$3.9M-8.5%	$4.3M-6.3%	$4.6M+21.9%	$3.7M
SG&A Expenses	$6.7M+10.5%	$6.0M+10.8%	$5.5M+20.9%	$4.5M-11.2%	$5.1M+37.2%	$3.7M
Operating Income	-$2.9M+51.8%	-$5.9M-152.8%	-$2.3M+52.8%	-$5.0M-121.8%	$22.8M+222.4%	$7.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$45K+95.2%	-$949K-7.1%	-$887K+14.5%	-$1.0M-120.6%	$5.0M+265.1%	$1.4M
Net Income	-$243K+93.9%	-$4.0M-38.5%	-$2.9M+23.9%	-$3.8M-121.3%	$17.7M+218.9%	$5.6M
EPS (Diluted)	$-0.02+94.1%	$-0.34-41.7%	$-0.24+25.0%	$-0.32-120.9%	$1.53+194.2%	$0.52

Metric	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23	Q3'23
Revenue	$12.7M+59.1%	$8.0M-55.1%	$17.8M+33.8%	$13.3M+115.7%	$6.2M-30.2%	$8.8M-8.4%	$9.7M-18.5%	$11.9M
Cost of Revenue	$9.8M+47.8%	$6.7M-54.4%	$14.6M+29.6%	$11.3M+98.8%	$5.7M-29.4%	$8.0M-1.6%	$8.1M-17.0%	$9.8M
Gross Profit	$2.9M+114.9%	$1.4M-58.2%	$3.2M+56.5%	$2.1M+300.3%	$517K-38.2%	$837K-44.7%	$1.5M-26.0%	$2.0M
R&D Expenses	$950K+19.6%	$794K-14.3%	$927K-9.5%	$1.0M+26.2%	$811K-4.9%	$853K-1.6%	$867K-17.6%	$1.1M
SG&A Expenses	$1.4M-45.8%	$2.5M+66.2%	$1.5M+7.0%	$1.4M+12.6%	$1.3M-18.1%	$1.5M+25.1%	$1.2M-15.9%	$1.5M
Operating Income	$590K+130.0%	-$2.0M-347.3%	$795K+313.3%	-$373K+76.0%	-$1.6M0.0%	-$1.6M-166.2%	-$585K-24.2%	-$471K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$43K+1545.4%	$3K-98.5%	$168K+250.3%	$48K+115.3%	-$313K-45.4%	-$215K-329.8%	-$50K+91.3%	-$579K
Net Income	$640K+199.3%	-$645K-381.9%	$229K-55.6%	$515K+143.8%	-$1.2M-53.8%	-$765K-196.7%	-$258K-204.1%	$248K
EPS (Diluted)	$0.05+200.0%	$-0.05-350.0%	$0.02-50.0%	$0.04+140.0%	$-0.10-66.7%	$-0.06-200.0%	$-0.02-200.0%	$0.02

FKWL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$51.3M+9.9%	$46.7M-17.9%	$56.9M+9.4%	$52.0M-9.9%	$57.8M-11.6%	$65.4M
Current Assets	$45.2M+12.3%	$40.2M-22.4%	$51.9M+7.2%	$48.4M-11.8%	$54.8M-10.7%	$61.4M
Cash & Equivalents	$14.7M+20.2%	$12.3M+0.2%	$12.2M-53.4%	$26.3M-42.6%	$45.8M+62.6%	$28.2M
Inventory	$2.4M+65.4%	$1.4M-61.9%	$3.7M-10.9%	$4.2M+330.3%	$976K-91.7%	$11.8M
Accounts Receivable	$1.3M+15.2%	$1.2M-87.1%	$8.9M0.0%	$8.9M+252.0%	$2.5M-84.1%	$16.0M
Goodwill	$273K0.0%	$273K0.0%	$273K0.0%	$273K0.0%	$273K0.0%	$273K
Total Liabilities	$13.4M+29.9%	$10.3M-37.4%	$16.5M+74.9%	$9.4M-18.8%	$11.6M-73.7%	$44.3M
Current Liabilities	$12.4M+36.7%	$9.1M-45.0%	$16.5M+77.9%	$9.3M-16.8%	$11.2M-74.0%	$43.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$34.5M-1.7%	$35.1M-9.7%	$38.9M-5.1%	$41.0M-8.2%	$44.7M+119.5%	$20.4M
Retained Earnings	$24.9M-1.0%	$25.1M-13.6%	$29.1M-9.0%	$32.0M-10.5%	$35.7M+98.2%	$18.0M

Metric	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23	Q3'23
Total Assets	$53.3M+7.2%	$49.7M-8.7%	$54.5M+5.5%	$51.6M+3.2%	$50.0M-4.9%	$52.6M+3.3%	$50.9M-2.8%	$52.4M
Current Assets	$47.4M+7.8%	$43.9M-9.6%	$48.6M+7.3%	$45.3M+4.0%	$43.5M-8.9%	$47.8M+3.8%	$46.1M-2.6%	$47.3M
Cash & Equivalents	$13.4M+4.5%	$12.8M-36.8%	$20.3M+38.6%	$14.6M+108.7%	$7.0M+33.6%	$5.2M-23.4%	$6.8M-61.0%	$17.6M
Inventory	$995K-31.1%	$1.4M-65.3%	$4.2M+62.8%	$2.6M+125.4%	$1.1M-2.1%	$1.2M-48.7%	$2.3M-61.7%	$5.9M
Accounts Receivable	$6.8M+125.7%	$3.0M+57.1%	$1.9M+6.2%	$1.8M-82.5%	$10.3M-23.7%	$13.4M+35.5%	$9.9M+37.4%	$7.2M
Goodwill	$273K0.0%	$273K0.0%	$273K0.0%	$273K0.0%	$273K0.0%	$273K0.0%	$273K0.0%	$273K
Total Liabilities	$14.9M+31.2%	$11.4M-34.9%	$17.5M+21.4%	$14.4M+22.2%	$11.8M-9.2%	$13.0M+19.5%	$10.8M+3.8%	$10.4M
Current Liabilities	$14.0M+36.5%	$10.3M-37.0%	$16.3M+24.2%	$13.1M+25.4%	$10.4M-19.4%	$13.0M+19.5%	$10.8M+3.8%	$10.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$35.1M-0.6%	$35.3M-1.8%	$36.0M+0.4%	$35.8M-2.8%	$36.9M-3.3%	$38.1M-1.4%	$38.6M-4.3%	$40.4M
Retained Earnings	$25.5M+1.2%	$25.2M-2.5%	$25.9M+0.9%	$25.7M-4.6%	$26.9M-4.2%	$28.1M-2.7%	$28.8M-6.1%	$30.7M

FKWL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.8M+338.5%	-$773K+58.9%	-$1.9M+74.6%	-$7.4M-161.2%	$12.1M-45.0%	$22.0M
Capital Expenditures	$33K-40.5%	$55K+16.8%	$47K+11.9%	$42K+100.0%	$21K-88.4%	$182K
Free Cash Flow	$1.8M+318.7%	-$828K+57.1%	-$1.9M+74.1%	-$7.4M-161.7%	$12.1M-44.6%	$21.8M
Investing Cash Flow	$1.0M+39.0%	$724K+106.0%	-$12.1M-3.7%	-$11.7M-1515.9%	-$723K+9.1%	-$795K
Financing Cash Flow	-$409K-548.8%	$91K+112.0%	$43K-43.1%	$75K-98.8%	$6.1M+1067.3%	$520K
Dividends Paid	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

Metric	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23	Q3'23
Operating Cash Flow	-$1.5M+74.8%	-$5.9M-315.3%	$2.7M+2.6%	$2.7M+442.9%	-$779K+19.7%	-$970K+81.4%	-$5.2M-3727.5%	$144K
Capital Expenditures	$904+0.6%	$899-72.3%	$3K-85.0%	$22K-41.9%	$37K+173.8%	$14K+457.6%	$2K+995.6%	-$271
Free Cash Flow	-$1.5M+74.8%	-$5.9M-315.6%	$2.7M+3.4%	$2.6M+424.7%	-$816K+17.0%	-$984K+81.2%	-$5.2M-3736.1%	$144K
Investing Cash Flow	$143K+108.9%	-$1.6M-154.0%	$3.0M+986.1%	-$335K-112.5%	$2.7M+448.4%	-$771K-680.4%	-$99K+70.8%	-$338K
Financing Cash Flow	-$409K	$0	$0	$0-100.0%	$3K+402.2%	-$1K0.0%	-$1K+2.1%	-$1K
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

FKWL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	17.2%+5.8pp	11.4%-3.9pp	15.3%-0.6pp	15.9%-1.7pp	17.6%-1.7pp	19.4%
Operating Margin	-6.2%+13.1pp	-19.3%-14.2pp	-5.1%+15.6pp	-20.7%-33.1pp	12.4%+3.0pp	9.4%
Net Margin	-0.5%+12.3pp	-12.9%-6.6pp	-6.2%+9.4pp	-15.7%-25.3pp	9.6%+2.2pp	7.4%
Return on Equity	N/A	N/A	N/A	N/A	39.6%+12.3pp	27.3%
Return on Assets	-0.5%+8.0pp	-8.5%-3.5pp	-5.0%+2.2pp	-7.2%-37.9pp	30.6%+22.1pp	8.5%
Current Ratio	3.64-0.8	4.43+1.3	3.14-2.1	5.21+0.3	4.92+3.5	1.43
Debt-to-Equity	0.39+0.1	0.29-0.1	0.42+0.2	0.23-0.0	0.26-1.9	2.17
FCF Margin	3.9%+6.6pp	-2.7%+1.5pp	-4.2%+26.8pp	-31.0%-37.6pp	6.6%-22.5pp	29.1%

Metric	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23	Q3'23
Gross Margin	22.8%+5.9pp	16.9%-1.3pp	18.2%+2.6pp	15.6%+7.2pp	8.4%-1.1pp	9.5%-6.2pp	15.7%-1.6pp	17.3%
Operating Margin	4.6%+29.2pp	-24.6%-29.0pp	4.5%+7.3pp	-2.8%+22.4pp	-25.2%-7.6pp	-17.6%-11.5pp	-6.0%-2.1pp	-4.0%
Net Margin	5.0%+13.1pp	-8.1%-9.3pp	1.3%-2.6pp	3.9%+22.9pp	-19.0%-10.4pp	-8.6%-6.0pp	-2.7%-4.8pp	2.1%
Return on Equity	1.8%	N/A	0.6%-0.8pp	1.4%	N/A	N/A	N/A	0.6%
Return on Assets	1.2%+2.5pp	-1.3%-1.7pp	0.4%-0.6pp	1.0%+3.4pp	-2.4%-0.9pp	-1.5%-0.9pp	-0.5%-1.0pp	0.5%
Current Ratio	3.38-0.9	4.28+1.3	2.98-0.5	3.45-0.7	4.17+0.5	3.69-0.6	4.25-0.3	4.53
Debt-to-Equity	0.42+0.1	0.32-0.2	0.49+0.1	0.40+0.1	0.32-0.0	0.34+0.1	0.28+0.0	0.26
FCF Margin	-11.7%+62.0pp	-73.7%-89.1pp	15.4%-4.5pp	19.9%+33.1pp	-13.2%-2.1pp	-11.1%+43.0pp	-54.1%-55.3pp	1.2%

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Frequently Asked Questions

What is Franklin Wireless Corp's annual revenue?

Franklin Wireless Corp (FKWL) reported $46.1M in total revenue for fiscal year 2025. This represents a 49.6% 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 Franklin Wireless Corp's revenue growing?

Franklin Wireless Corp (FKWL) revenue grew by 49.6% year-over-year, from $30.8M to $46.1M in fiscal year 2025.

Is Franklin Wireless Corp profitable?

No, Franklin Wireless Corp (FKWL) reported a net income of -$243K in fiscal year 2025, with a net profit margin of -0.5%.

What is Franklin Wireless Corp's earnings per share (EPS)?

Franklin Wireless Corp (FKWL) reported diluted earnings per share of $-0.02 for fiscal year 2025. This represents a 94.1% 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 Franklin Wireless Corp's EBITDA?

Franklin Wireless Corp (FKWL) had EBITDA of -$2.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Franklin Wireless Corp's gross margin?

Franklin Wireless Corp (FKWL) had a gross margin of 17.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Franklin Wireless Corp's operating margin?

Franklin Wireless Corp (FKWL) had an operating margin of -6.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Franklin Wireless Corp's net profit margin?

Franklin Wireless Corp (FKWL) had a net profit margin of -0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Franklin Wireless Corp's free cash flow?

Franklin Wireless Corp (FKWL) generated $1.8M in free cash flow during fiscal year 2025. This represents a 318.7% 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 Franklin Wireless Corp's operating cash flow?

Franklin Wireless Corp (FKWL) generated $1.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Franklin Wireless Corp's total assets?

Franklin Wireless Corp (FKWL) had $51.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Franklin Wireless Corp's capital expenditures?

Franklin Wireless Corp (FKWL) invested $33K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Franklin Wireless Corp spend on research and development?

Franklin Wireless Corp (FKWL) invested $4.1M in research and development during fiscal year 2025.

How many shares does Franklin Wireless Corp have outstanding?

Franklin Wireless Corp (FKWL) had 12M shares outstanding as of fiscal year 2025.

What is Franklin Wireless Corp's current ratio?

Franklin Wireless Corp (FKWL) had a current ratio of 3.64 as of fiscal year 2025, which is generally considered healthy.

What is Franklin Wireless Corp's debt-to-equity ratio?

Franklin Wireless Corp (FKWL) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Franklin Wireless Corp's return on assets (ROA)?

Franklin Wireless Corp (FKWL) had a return on assets of -0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Franklin Wireless Corp's Piotroski F-Score?

Franklin Wireless Corp (FKWL) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 Franklin Wireless Corp's earnings high quality?

Franklin Wireless Corp (FKWL) has an earnings quality ratio of -7.59x, 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.

How financially healthy is Franklin Wireless Corp?

Franklin Wireless Corp (FKWL) scores 63 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.