Kopin Corp (KOPN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KOPN SEC filings page.
Kopin Corp (KOPN) reported $39.3M in revenue for fiscal year 2025, down 21.9% from the prior fiscal year. This page shows its 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).
Kopin's reported profit arrived while operations still lost money and consumed cash, with financing rebuilding the balance sheet.
The unusual earnings-quality gap is a positive net result of$2.5M alongside an operating loss of$9.9M . Operating cash flow of-$15.5M shows that cash-generating operations did not accompany the FY2025 earnings reversal; compared with FY2024, accounting performance improved without a comparable operating-cash improvement.
Operating margin improved from
A financing inflow of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Kopin Corp'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.
Kopin Corp held $36.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $15.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Kopin Corp scores 53/100 among other emerging companies.
Kopin Corp had 183M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Kopin Corp scores 31/100 among other emerging companies.
Kopin Corp spent $6.7M on research and development in fiscal year 2025, which was 13.6% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Kopin Corp scores 42/100 among other emerging companies.
Kopin Corp reported revenue of $39.3M in fiscal year 2025, against $50.3M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Kopin Corp scores 42/100 among other emerging companies.
Kopin Corp's operations used $15.5M of cash in fiscal year 2025, against $14.2M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Kopin Corp scores 44/100 among other emerging companies.
Kopin Corp's cash, cash equivalents and investments came to $36.4M at the end of fiscal year 2025, against $36.7M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Kopin Corp scores 58/100 among other emerging companies.
Kopin Corp scores 6.77, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($687.3M) relative to total liabilities ($36.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Kopin Corp passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Kopin Corp used $6.10 of operating cash (-$15.5M OCF vs $2.5M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Kopin Corp generated $12.7M in revenue in Q2 2026. This represents an increase of 50.6% from the same quarter a year earlier. Against the prior quarter it is up 20.7%.
Kopin Corp's EBITDA was -$3.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.6% from the same quarter a year earlier. Against the prior quarter it is up 42.2%.
Kopin Corp reported $831K in net income in Q2 2026. This represents an increase of 116.1% from the same quarter a year earlier. Against the prior quarter it is up 122.1%.
Kopin Corp earned $0.00 per diluted share (EPS) in Q2 2026. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.
Cash & Balance Sheet
Kopin Corp recorded an outflow of $8.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 66.4% from the same quarter a year earlier. Against the prior quarter it is down 285.5%.
Kopin Corp held $24.9M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Kopin Corp's operating margin was -27.5% in Q2 2026, reflecting core business profitability. This is up 37.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 29.2 percentage points.
Kopin Corp's net profit margin was 6.5% in Q2 2026, showing the share of revenue converted to profit. This is up 67.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 42.1 percentage points.
Kopin Corp's ROE was 1.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 33.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.4 percentage points.
Not reported for Q2 2026.
Capital Allocation
Kopin Corp invested $1.2M in research and development in Q2 2026. This represents a decrease of 19.2% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.
Kopin Corp invested $3.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 419.7% from the same quarter a year earlier. Against the prior quarter it is up 192.8%.
Not reported for Q2 2026.
KOPN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.7M+50.6% | $10.6M+0.1% | $8.4M-42.9% | $12.0M-10.2% | $8.5M-31.5% | $10.5M+5.0% | $14.6M+70.8% | $13.3M+25.7% |
| R&D Expenses | $1.2M-19.2% | $1.1M-25.2% | $1.2M+74.7% | $2.5M-3.6% | $1.5M-19.5% | $1.5M-29.7% | -$704K-85.7% | $2.6M-16.0% |
| SG&A Expenses | $5.1M+4.6% | $6.0M+28.0% | $5.1M+61.6% | $1.6M-68.7% | $4.9M-32.6% | $4.7M-35.0% | $3.1M-47.1% | $5.2M+8.5% |
| Operating Income | -$3.5M+35.8% | -$6.0M-53.2% | -$5.0M-127.1% | $4.5M+261.8% | -$5.5M-0.1% | -$3.9M+88.0% | -$2.2M+67.4% | -$2.8M-2.7% |
| EBITDA | -$3.3M+36.6% | -$5.7M-55.6% | -$4.8M-136.2% | $4.7M+277.6% | -$5.2M+1.6% | -$3.7M+88.6% | -$2.0M+69.4% | -$2.7M-1.7% |
| Income Tax | -$2.1M-4119.2% | $57K+9.7% | $52K | $52K-58.4% | $52K | $52K | N/A | $125K+220.5% |
| Net Income | $831K+116.1% | -$3.8M-20.5% | $6.7M+446.6% | $4.1M+217.9% | -$5.2M+12.8% | -$3.1M+90.4% | -$1.9M+70.0% | -$3.5M-41.2% |
| EPS (Basic) | $0.00+100.0% | -$0.020.0% | $0.04+300.0% | $0.02+166.7% | -$0.03+40.0% | -$0.02+92.6% | $0.01+116.7% | -$0.03-50.0% |
| EPS (Diluted) | $0.00+100.0% | -$0.020.0% | $0.04+300.0% | $0.02 | -$0.03+40.0% | -$0.02+92.6% | $0.01+116.7% | -$0.03-50.0% |
| Diluted Shares (Avg) | 192M+15.5% | 187M+12.5% | N/A | 169M | 166M+37.0% | 166M+38.3% | N/A | 124M+12.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense.
KOPN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $106.3M+73.7% | $102.4M+57.5% | $108.4M+53.2% | $61.2M-13.3% | $61.2M+24.7% | $65.0M+26.9% | $70.8M+43.5% | $70.6M+29.3% |
| Current Assets | $79.3M+50.6% | $82.4M+44.3% | $91.8M+46.1% | $53.2M-15.6% | $52.6M+30.6% | $57.1M+36.0% | $62.8M+57.8% | $63.0M+38.9% |
| Cash & Equivalents | $24.9M+2.1% | $34.1M+122.4% | $36.4M+156.7% | $26.5M+82.4% | $24.4M+142.7% | $15.3M+8.6% | $14.2M+148.0% | $14.5M+51.4% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $2.4M-68.1% | $16.2M+133.5% | $21.4M+83.2% | $21.7M+87.0% |
| Inventory | $4.7M-29.3% | $5.0M-17.8% | $5.5M-10.2% | $6.3M-4.0% | $6.7M+18.3% | $6.1M-1.0% | $6.1M-19.3% | $6.6M-27.8% |
| Accounts Receivable | $10.7M+13.2% | $3.4M-52.1% | $10.7M-9.5% | $6.4M-31.2% | $9.5M+28.0% | $7.2M+5.7% | $11.9M+22.2% | $9.2M+29.7% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $37.0M-17.9% | $34.0M-23.3% | $36.7M-22.7% | $39.9M-16.6% | $45.1M-8.4% | $44.4M-4.3% | $47.5M+139.8% | $47.9M+136.5% |
| Current Liabilities | $36.4M-12.2% | $31.5M-23.0% | $34.0M-22.7% | $36.3M-17.5% | $41.4M-8.6% | $40.9M-3.7% | $43.9M+176.8% | $43.9M+173.6% |
| Non-Current Liabilities | $660K-82.2% | $2.5M-27.1% | $2.7M-22.8% | $3.6M-7.3% | $3.7M-5.1% | $3.4M-10.6% | $3.5M-9.8% | $3.9M-6.4% |
| Total Equity | $69.2M+331.5% | $60.8M+194.1% | $64.1M+175.4% | $21.3M-6.2% | $16.0M+7514.1% | $20.7M+318.6% | $23.3M-21.1% | $22.7M-33.9% |
| Retained Earnings | -$402.3M+1.9% | -$403.2M+0.5% | -$399.4M+0.6% | -$406.2M-1.5% | -$410.3M-3.5% | -$405.1M-3.7% | -$402.0M-12.3% | -$400.1M-13.8% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
KOPN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.3M-4.2% | -$811K+76.3% | -$7.9M-395.3% | -$110K+98.3% | -$4.2M-35.2% | -$3.4M-9.9% | -$1.6M+54.3% | -$6.5M-69.9% |
| Depreciation & Amortization | $184K-18.3% | $247K+12.5% | $190K+14.6% | $194K+40.4% | $225K+64.8% | $220K+12.3% | $166K+50.8% | $138K+25.4% |
| Stock-Based Compensation | N/A | $495K-36.0% | N/A | $1.1M-8.8% | $748K+10.5% | $774K+5.4% | N/A | $1.2M |
| Capital Expenditures | $3.8M+419.7% | $1.3M+160.0% | N/A | N/A | $733K+1025.1% | $500K+103.9% | $494K+4.9% | $10K-92.0% |
| Free Cash Flow | -$8.1M-66.4% | -$2.1M+46.0% | N/A | N/A | -$4.9M-55.7% | -$3.9M-16.8% | -$2.1M+47.2% | -$6.5M-64.7% |
| Investing Cash Flow | -$3.8M-128.7% | -$1.3M-128.4% | -$2.2M-1603.9% | $2.3M+116.2% | $13.3M+1986.0% | $4.6M+1.4% | $145K+134.3% | -$14.3M-475.6% |
| Financing Cash Flow | -$1.1M | -$29K | $44.1M+3998.4% | -$65K-100.3% | N/A | N/A | $1.1M | $25.2M |
| Dividends Paid | N/A | $29K | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
KOPN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -27.5%+37.1pp | -56.7%-19.7pp | -60.0%-44.9pp | 37.9%+58.9pp | -64.6%-20.4pp | -37.1% | -15.1%+64.0pp | -21.0%+4.7pp |
| Net Margin | 6.5%+67.6pp | -35.6%-6.0pp | 80.7%+94.0pp | 34.1%+60.1pp | -61.1%-13.1pp | -29.5% | -13.3%+62.3pp | -26.0%-2.9pp |
| Return on Equity | 1.2%+33.4pp | -6.2%+8.9pp | 10.5%+18.9pp | 19.1%+34.4pp | -32.2% | -15.1%+643.8pp | -8.4%+13.6pp | -15.2%-8.1pp |
| Return on Assets | 0.8%+9.2pp | -3.7%+1.1pp | 6.2%+9.0pp | 6.7%+11.6pp | -8.4%+3.6pp | -4.8%+58.7pp | -2.8%+10.4pp | -4.9%-0.4pp |
| Current Ratio | 2.18+0.9x | 2.61+1.2x | 2.70+1.3x | 1.470.0x | 1.27+0.4x | 1.40+0.4x | 1.43-1.1x | 1.43-1.4x |
| Debt-to-Equity | 0.54-2.3x | 0.56-1.6x | 0.57-1.5x | 1.87-0.2x | 2.81 | 2.14-7.2x | 2.04+1.4x | 2.11+1.5x |
| Asset Turnover | 0.120.0x | 0.10-0.1x | 0.08-0.1x | 0.200.0x | 0.14-0.1x | 0.160.0x | 0.210.0x | 0.190.0x |
| FCF Margin | -63.9%-6.1pp | -20.0%+17.1pp | N/A | N/A | -57.9%-32.4pp | -37.1%-3.7pp | -14.2%+31.7pp | -48.5%-11.5pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Kopin Corp KOPN | FY2025 | $39.3M | $2.5M | 6.5% | $687.3M | 45/100 |
| LSI Industries Inc LYTS | FY2026 | $689.4M | $22.6M | 3.3% | $749.5M | 55/100 |
| Allient Inc. ALNT | FY2025 | $554.5M | $22.0M | 4.0% | $1.7B | 55/100 |
| CTS Corporation CTS | FY2025 | $541.3M | $65.3M | 12.1% | $1.6B | 67/100 |
| Daktronics Inc DAKT | FY2026 | $838.7M | $45.4M | 5.4% | $861.3M | 63/100 |
| KNOWLES CORPORATION KN | FY2025 | $593.2M | $44.2M | 7.4% | $3.0B | 56/100 |
Where Kopin Corp Ranks
Frequently Asked Questions
What is Kopin Corp's annual revenue?
Kopin Corp (KOPN) reported $39.3M in total revenue for fiscal year 2025. This represents a -21.9% 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 Kopin Corp's revenue growing?
Kopin Corp (KOPN) revenue declined by 21.9% year-over-year, from $50.3M to $39.3M in fiscal year 2025.
Is Kopin Corp profitable?
Yes, Kopin Corp (KOPN) reported a net income of $2.5M in fiscal year 2025, with a net profit margin of 6.5%.
What is Kopin Corp's EBITDA?
Kopin Corp (KOPN) had EBITDA of -$9.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Kopin Corp's operating margin?
Kopin Corp (KOPN) had an operating margin of -25.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Kopin Corp's net profit margin?
Kopin Corp (KOPN) had a net profit margin of 6.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Kopin Corp's return on equity (ROE)?
Kopin Corp (KOPN) has a return on equity of 4.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Kopin Corp's free cash flow?
Kopin Corp (KOPN) recorded an outflow of $17.0M in free cash flow during fiscal year 2025. This represents a -12.9% 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 Kopin Corp's operating cash flow?
Kopin Corp (KOPN) recorded an outflow of $15.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Kopin Corp's total assets?
Kopin Corp (KOPN) had $108.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Kopin Corp's capital expenditures?
Kopin Corp (KOPN) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Kopin Corp spend on research and development?
Kopin Corp (KOPN) invested $6.7M in research and development during fiscal year 2025.
What is Kopin Corp's current ratio?
Kopin Corp (KOPN) had a current ratio of 2.70 as of fiscal year 2025, which is generally considered healthy.
What is Kopin Corp's debt-to-equity ratio?
Kopin Corp (KOPN) had a debt-to-equity ratio of 0.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kopin Corp's return on assets (ROA)?
Kopin Corp (KOPN) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Kopin Corp's P/E ratio?
Kopin Corp (KOPN) trades at 86.9x earnings, its market capitalization divided by net income of $7.9M net income, trailing 12 months to June 27, 2026. The market capitalization is $687.3M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kopin Corp's price-to-sales ratio?
Kopin Corp (KOPN) trades at 15.8x sales, its market capitalization divided by revenue of $43.6M revenue, trailing 12 months to June 27, 2026. The market capitalization is $687.3M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Kopin Corp's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Kopin Corp (KOPN) held $36.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $15.5M over that year. Dividing the one by the other, the reported balance equals about 28 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Kopin Corp's Altman Z-Score?
Kopin Corp (KOPN) has an Altman Z-Score of 6.77, 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.
What is Kopin Corp's Piotroski F-Score?
Kopin Corp (KOPN) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
Are Kopin Corp's earnings high quality?
For every $1 of reported earnings, Kopin Corp (KOPN) used $6.10 of operating cash (-$15.5M OCF vs $2.5M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Kopin Corp?
Kopin Corp (KOPN) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.