First Keystone Corp Financials

FKYS

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

This page shows First Keystone Corp (FKYS) 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

Piotroski F-Score Weak

3/9

First Keystone Corp 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), both operating efficiency signals pass.

Earnings Quality Mixed

-0.62x

For every $1 of reported earnings, First Keystone Corp generates $-0.62 in operating cash flow ($8.2M OCF vs -$13.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$71.4M

YoY+25.3%

5Y CAGR+13.1%

10Y CAGR+8.7%

First Keystone Corp generated $71.4M in revenue in fiscal year 2024. This represents an increase of 25.3% from the prior year.

EBITDA

N/A

Free Cash Flow

$6.4M

YoY+51.6%

5Y CAGR-11.7%

10Y CAGR+0.0%

First Keystone Corp generated $6.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 51.6% from the prior year.

Net Income

-$13.2M

YoY-337.5%

First Keystone Corp reported -$13.2M in net income in fiscal year 2024. This represents a decrease of 337.5% from the prior year.

EPS (Diluted)

$-2.14

YoY-335.2%

First Keystone Corp earned $-2.14 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 335.2% from the prior year.

Cash & Debt

$17.3M

YoY+1.4%

5Y CAGR+10.0%

10Y CAGR+8.0%

First Keystone Corp held $17.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.12

YoY+0.0%

5Y CAGR+0.7%

10Y CAGR+0.6%

First Keystone Corp paid $1.12 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

YoY+1.6%

5Y CAGR+1.3%

10Y CAGR+1.1%

First Keystone Corp had 6M shares outstanding in fiscal year 2024. This represents an increase of 1.6% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-18.5%

YoY-28.3pp

5Y CAGR-45.0pp

10Y CAGR-51.4pp

First Keystone Corp's net profit margin was -18.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 28.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.7M

YoY+4.3%

5Y CAGR+25.4%

10Y CAGR+10.0%

First Keystone Corp invested $1.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 4.3% from the prior year.

FKYS Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$71.4M+25.3%	$57.0M+22.8%	$46.4M+10.4%	$42.0M+6.3%	$39.6M+2.7%	$38.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$39.1M+40.4%	$27.9M+212.7%	$8.9M+73.1%	$5.1M-19.1%	$6.4M-37.9%	$10.2M
Income Tax	-$45K-106.6%	$684K-70.2%	$2.3M-1.2%	$2.3M+47.2%	$1.6M+41.6%	$1.1M
Net Income	-$13.2M-337.5%	$5.6M-60.4%	$14.0M-4.5%	$14.7M+24.1%	$11.8M+15.7%	$10.2M
EPS (Diluted)	$-2.14-335.2%	$0.91-61.3%	$2.35-5.6%	$2.49+22.7%	$2.03+14.7%	$1.77

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$19.8M+4.6%	$18.9M+3.7%	$18.2M-2.3%	$18.6M+2.2%	$18.2M+3.7%	$17.6M+3.8%	$16.9M+7.3%	$15.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$10.3M+9.4%	$9.4M-0.6%	$9.4M-5.5%	$10.0M-1.0%	$10.1M+5.2%	$9.6M+1.3%	$9.5M+11.8%	$8.5M
Income Tax	$345K-5.5%	$365K+380.3%	$76K-42.9%	$133K+529.0%	-$31K-147.0%	$66K+131.0%	-$213K-209.8%	$194K
Net Income	$2.8M-3.6%	$2.9M+176.7%	$1.1M-54.0%	$2.3M+51.8%	$1.5M+9.2%	$1.4M+107.5%	-$18.4M-1131.8%	$1.8M
EPS (Diluted)	$0.45-4.3%	$0.47+176.5%	$0.17	N/A	$0.25+8.7%	$0.23+107.7%	$-3.00	N/A

FKYS Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.4B+0.9%	$1.4B+6.5%	$1.3B+0.7%	$1.3B+12.0%	$1.2B+17.1%	$1.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$17.3M+1.4%	$17.0M+58.4%	$10.7M-82.5%	$61.3M+153.7%	$24.2M+125.5%	$10.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$0-100.0%	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M
Total Liabilities	$1.3B+2.1%	$1.3B+7.1%	$1.2B+3.2%	$1.2B+13.2%	$1.0B+17.8%	$878.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$55.0M
Total Equity	$106.8M-12.2%	$121.6M+1.0%	$120.4M-19.0%	$148.6M+3.0%	$144.2M+12.0%	$128.8M
Retained Earnings	$80.1M-20.1%	$100.3M-0.4%	$100.7M+7.9%	$93.4M+9.5%	$85.3M+6.9%	$79.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$1.6B+10.1%	$1.4B+0.2%	$1.4B+0.5%	$1.4B-0.7%	$1.4B+1.4%	$1.4B+0.6%	$1.4B-0.4%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$147.3M+277.1%	$39.1M+107.8%	$18.8M+8.9%	$17.3M-28.2%	$24.0M+47.6%	$16.3M+6.8%	$15.2M-10.4%	$17.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$0	$0	$0	$0	$0	$0	$0-100.0%	$19.1M
Total Liabilities	$1.5B+10.5%	$1.3B+0.1%	$1.3B+0.5%	$1.3B-0.7%	$1.3B+1.1%	$1.3B+0.9%	$1.3B+0.9%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$65.4M+18.0%	$55.4M+22.0%	$45.4M-17.4%	$55.0M0.0%	$55.0M+22.2%	$45.0M+28.6%	$35.0M-46.2%	$65.0M
Total Equity	$112.3M+4.4%	$107.5M+1.0%	$106.5M-0.3%	$106.8M-0.5%	$107.3M+6.2%	$101.1M-2.5%	$103.7M-14.7%	$121.6M
Retained Earnings	$81.7M+1.3%	$80.6M+1.5%	$79.5M-0.9%	$80.1M+0.7%	$79.6M-0.3%	$79.8M-0.4%	$80.2M-20.0%	$100.3M

FKYS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$8.2M+38.3%	$5.9M-67.5%	$18.2M+19.1%	$15.3M+879.5%	-$2.0M-115.6%	$12.5M
Capital Expenditures	$1.7M+4.3%	$1.7M-12.5%	$1.9M+284.6%	$492K+48.2%	$332K-40.4%	$557K
Free Cash Flow	$6.4M+51.6%	$4.2M-73.9%	$16.3M+10.2%	$14.8M+745.0%	-$2.3M-119.1%	$12.0M
Investing Cash Flow	-$33.2M+56.8%	-$76.8M+17.9%	-$93.6M+15.9%	-$111.3M+17.7%	-$135.3M-1228.5%	$12.0M
Financing Cash Flow	$25.2M-67.3%	$77.2M+210.4%	$24.9M-81.3%	$133.2M-11.6%	$150.7M+708.8%	-$24.8M
Dividends Paid	$5.2M-23.8%	$6.8M+1.3%	$6.7M+1.1%	$6.6M+4.9%	$6.3M+1.0%	$6.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$3.5M-36.1%	$5.4M+1660.1%	$308K-80.8%	$1.6M-14.9%	$1.9M-38.7%	$3.1M+91.9%	$1.6M-48.2%	$3.1M
Capital Expenditures	$62K-50.8%	$126K-10.6%	$141K-53.6%	$304K-64.2%	$848K+552.3%	$130K-70.9%	$446K+108.4%	$214K
Free Cash Flow	$3.4M-35.7%	$5.3M+3070.7%	$167K-87.2%	$1.3M+25.4%	$1.0M-64.8%	$2.9M+154.6%	$1.2M-59.8%	$2.9M
Investing Cash Flow	-$32.5M-310.7%	$15.4M+742.0%	-$2.4M+22.1%	-$3.1M-90.7%	-$1.6M+86.9%	-$12.3M+23.7%	-$16.1M+80.8%	-$83.8M
Financing Cash Flow	$137.2M+23244.4%	-$593K-116.3%	$3.6M+168.7%	-$5.3M-170.6%	$7.5M-27.1%	$10.3M-19.5%	$12.8M-85.0%	$85.1M
Dividends Paid	$1.4M-17.2%	$1.7M0.0%	$1.7M+29.5%	$1.3M+247.3%	$387K-77.5%	$1.7M+0.5%	$1.7M+0.5%	$1.7M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FKYS Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-18.5%-28.3pp	9.8%-20.5pp	30.2%-4.7pp	34.9%+5.0pp	29.9%+3.4pp	26.6%
Return on Equity	N/A	4.6%-7.1pp	11.7%+1.8pp	9.9%+1.7pp	8.2%+0.3pp	7.9%
Return on Assets	-0.9%-1.3pp	0.4%-0.7pp	1.1%-0.1pp	1.1%+0.1pp	1.0%-0.0pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	12.38+1.7	10.64+0.6	10.04+2.2	7.89+0.7	7.17+6.7	0.43
FCF Margin	9.0%+1.6pp	7.5%-27.6pp	35.1%-0.1pp	35.1%+40.9pp	-5.8%-36.9pp	31.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.2%-1.2pp	15.4%+9.7pp	5.8%-6.5pp	12.3%+4.0pp	8.3%+0.4pp	7.8%+116.3pp	-108.4%-119.7pp	11.3%
Return on Equity	2.5%-0.2pp	2.7%+1.7pp	1.0%-1.1pp	2.1%+0.7pp	1.4%+0.0pp	1.4%-0.5pp	1.8%+0.4pp	1.5%
Return on Assets	0.2%-0.0pp	0.2%+0.1pp	0.1%-0.1pp	0.2%+0.1pp	0.1%0.0pp	0.1%+1.4pp	-1.3%-1.4pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	13.10+0.7	12.37-0.1	12.48+0.1	12.38-0.0	12.40-0.6	13.03+0.4	12.59+2.0	10.64
FCF Margin	17.2%-10.8pp	28.0%+27.1pp	0.9%-6.0pp	7.0%+1.3pp	5.7%-11.1pp	16.8%+9.9pp	6.8%-11.4pp	18.2%

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Frequently Asked Questions

What is First Keystone Corp's annual revenue?

First Keystone Corp (FKYS) reported $71.4M in total revenue for fiscal year 2024. This represents a 25.3% 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 First Keystone Corp's revenue growing?

First Keystone Corp (FKYS) revenue grew by 25.3% year-over-year, from $57.0M to $71.4M in fiscal year 2024.

Is First Keystone Corp profitable?

No, First Keystone Corp (FKYS) reported a net income of -$13.2M in fiscal year 2024, with a net profit margin of -18.5%.

What is First Keystone Corp's earnings per share (EPS)?

First Keystone Corp (FKYS) reported diluted earnings per share of $-2.14 for fiscal year 2024. This represents a -335.2% 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 First Keystone Corp's net profit margin?

First Keystone Corp (FKYS) had a net profit margin of -18.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does First Keystone Corp pay dividends?

Yes, First Keystone Corp (FKYS) paid $1.12 per share in dividends during fiscal year 2024.

What is First Keystone Corp's free cash flow?

First Keystone Corp (FKYS) generated $6.4M in free cash flow during fiscal year 2024. This represents a 51.6% 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 First Keystone Corp's operating cash flow?

First Keystone Corp (FKYS) generated $8.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are First Keystone Corp's total assets?

First Keystone Corp (FKYS) had $1.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are First Keystone Corp's capital expenditures?

First Keystone Corp (FKYS) invested $1.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does First Keystone Corp have outstanding?

First Keystone Corp (FKYS) had 6M shares outstanding as of fiscal year 2024.

What is First Keystone Corp's debt-to-equity ratio?

First Keystone Corp (FKYS) had a debt-to-equity ratio of 12.38 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Keystone Corp's return on assets (ROA)?

First Keystone Corp (FKYS) had a return on assets of -0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is First Keystone Corp's Piotroski F-Score?

First Keystone Corp (FKYS) 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 First Keystone Corp's earnings high quality?

First Keystone Corp (FKYS) has an earnings quality ratio of -0.62x, 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.