Koss Corp Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Koss Corp has an operating margin of -13.8%, meaning the company retains $-14 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 -15.3% the prior year.
Koss Corp's revenue grew a modest 2.9% year-over-year to $12.6M. This slow but positive growth earns a score of 37/100.
Koss Corp carries a low D/E ratio of 0.21, meaning only $0.21 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 11.65, Koss Corp holds $11.65 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Koss Corp generated -$215K in operating cash flow, capex of $491K consumed most of it, leaving -$706K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Koss Corp passes 4 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.
For every $1 of reported earnings, Koss Corp generates $0.25 in operating cash flow (-$215K OCF vs -$875K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Koss Corp (KOSS) 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).
Key Financial Metrics
Koss Corp generated $12.6M in revenue in fiscal year 2025. This represents an increase of 2.9% from the prior year.
Koss Corp's EBITDA was -$1.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.7% from the prior year.
Koss Corp generated -$706K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.2% from the prior year.
Koss Corp reported -$875K in net income in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Koss Corp earned $-0.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.0% from the prior year.
Koss Corp held $2.8M in cash against $0 in long-term debt as of fiscal year 2025.
Koss Corp had 9M shares outstanding in fiscal year 2025. This represents an increase of 1.7% from the prior year.
Koss Corp's gross margin was 37.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the prior year.
Koss Corp's operating margin was -13.8% in fiscal year 2025, reflecting core business profitability. This is up 1.5 percentage points from the prior year.
Koss Corp's net profit margin was -6.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.
Koss Corp invested $214K in research and development in fiscal year 2025. This represents a decrease of 10.2% from the prior year.
Koss Corp invested $491K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 6.3% from the prior year.
KOSS Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9M-29.7% | $4.1M+46.4% | $2.8M-21.8% | $3.6M+11.1% | $3.2M+21.4% | $2.6M-21.5% | $3.4M-0.4% | $3.4M |
| Cost of Revenue | $2.0M-16.9% | $2.4M+44.0% | $1.7M-21.2% | $2.2M+6.1% | $2.0M+13.0% | $1.8M-20.2% | $2.3M-2.4% | $2.3M |
| Gross Profit | $831K-49.0% | $1.6M+50.2% | $1.1M-22.8% | $1.4M+19.8% | $1.2M+39.4% | $842K-24.1% | $1.1M+3.8% | $1.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.8M+10.2% | $1.7M+4.4% | $1.6M+3.7% | $1.5M-14.5% | $1.8M+24.7% | $1.5M-8.4% | $1.6M+3.1% | $1.5M |
| Operating Income | -$1.0M-2103.7% | -$46K+91.1% | -$519K-266.1% | -$142K+77.7% | -$637K-4.5% | -$610K-28.1% | -$476K-1.6% | -$469K |
| Interest Expense | $553-7.7% | $599 | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $3K0.0% | $3K-53.3% | $6K+114.2% | $3K0.0% | $3K+103.4% | -$81K-4417.7% | $2K0.0% | $2K |
| Net Income | -$565K-332.0% | $244K+176.9% | -$317K-436.5% | $94K+122.4% | -$420K-33.7% | -$314K-16.6% | -$269K-4.5% | -$258K |
| EPS (Diluted) | $-0.06-300.0% | $0.03+200.0% | $-0.03-400.0% | $0.01+120.0% | $-0.05-66.7% | $-0.030.0% | $-0.030.0% | $-0.03 |
KOSS Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $36.8M-2.4% | $37.7M+1.0% | $37.3M-0.4% | $37.4M-1.7% | $38.1M+1.3% | $37.6M-1.0% | $38.0M+1.8% | $37.3M |
| Current Assets | $21.9M-3.5% | $22.7M+15.4% | $19.6M+17.4% | $16.7M-13.5% | $19.3M+12.2% | $17.2M-23.7% | $22.6M-16.1% | $26.9M |
| Cash & Equivalents | $2.5M-2.0% | $2.5M-14.3% | $2.9M+15.7% | $2.5M-7.8% | $2.8M-5.6% | $2.9M+15.4% | $2.5M+27.2% | $2.0M |
| Inventory | $4.8M+4.1% | $4.6M+5.7% | $4.4M-3.8% | $4.6M-3.5% | $4.7M+1.6% | $4.7M-9.8% | $5.2M-10.6% | $5.8M |
| Accounts Receivable | $1.0M+4.9% | $963K-8.4% | $1.1M-23.2% | $1.4M-1.3% | $1.4M+16.0% | $1.2M-20.9% | $1.5M+13.7% | $1.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.5M-5.1% | $6.8M+2.9% | $6.6M+2.7% | $6.4M-11.2% | $7.3M+11.9% | $6.5M-1.8% | $6.6M+8.4% | $6.1M |
| Current Liabilities | $1.7M-16.5% | $2.0M+7.3% | $1.9M+13.4% | $1.7M-29.1% | $2.4M+43.2% | $1.7M-6.0% | $1.8M+34.0% | $1.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $30.3M-1.8% | $30.9M+0.6% | $30.7M-1.0% | $31.0M+0.5% | $30.8M-0.9% | $31.1M-0.9% | $31.4M-0.6% | $31.6M |
| Retained Earnings | $16.5M-3.3% | $17.1M+0.1% | $17.1M-1.8% | $17.4M+0.5% | $17.3M-3.0% | $17.8M-1.7% | $18.1M-1.5% | $18.4M |
KOSS Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$761K-199.8% | $763K+105.9% | $370K+247.0% | -$252K-225.0% | $202K-38.7% | $329K-10.7% | $368K+151.6% | -$713K |
| Capital Expenditures | $312K+28238.3% | $1K-98.3% | $64K+3.0% | $62K-82.5% | $357K+501.7% | $59K-33.2% | $89K-71.6% | $313K |
| Free Cash Flow | -$1.1M-240.8% | $762K+148.7% | $306K+197.4% | -$314K-102.0% | -$156K-157.8% | $269K-3.6% | $279K+127.2% | -$1.0M |
| Investing Cash Flow | $691K+165.7% | -$1.1M-3758.7% | $29K+371.1% | -$11K+97.3% | -$393K-756.8% | $60K-56.1% | $136K+134.6% | -$394K |
| Financing Cash Flow | $19K+887.9% | -$2K | $0-100.0% | $48K-54.6% | $105K | $0-100.0% | $34K | N/A |
| 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 |
KOSS Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.0%-11.0pp | 40.0%+1.0pp | 39.0%-0.5pp | 39.5%+2.9pp | 36.6%+4.7pp | 31.9%-1.1pp | 33.0%+1.3pp | 31.6% |
| Operating Margin | -35.5%-34.3pp | -1.1%+17.5pp | -18.7%-14.7pp | -4.0%+15.9pp | -19.9%+3.2pp | -23.1%-8.9pp | -14.2%-0.3pp | -13.9% |
| Net Margin | -19.8%-25.8pp | 6.0%+17.4pp | -11.4%-14.0pp | 2.6%+15.8pp | -13.1%-1.2pp | -11.9%-3.9pp | -8.0%-0.4pp | -7.6% |
| Return on Equity | N/A | 0.8% | N/A | 0.3% | N/A | N/A | N/A | N/A |
| Return on Assets | -1.5%-2.2pp | 0.7%+1.5pp | -0.9%-1.1pp | 0.3%+1.4pp | -1.1%-0.3pp | -0.8%-0.1pp | -0.7%-0.0pp | -0.7% |
| Current Ratio | 12.84+1.7 | 11.10+0.8 | 10.32+0.3 | 9.97+1.8 | 8.18-2.3 | 10.44-2.4 | 12.86-7.7 | 20.52 |
| Debt-to-Equity | 0.210.0 | 0.220.0 | 0.220.0 | 0.21-0.0 | 0.24+0.0 | 0.210.0 | 0.21+0.0 | 0.19 |
| FCF Margin | -37.5%-56.2pp | 18.7%+7.7pp | 11.0%+19.9pp | -8.8%-4.0pp | -4.9%-15.1pp | 10.2%+1.9pp | 8.3%+38.7pp | -30.4% |
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Frequently Asked Questions
What is Koss Corp's annual revenue?
Koss Corp (KOSS) reported $12.6M in total revenue for fiscal year 2025. This represents a 2.9% 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 Koss Corp's revenue growing?
Koss Corp (KOSS) revenue grew by 2.9% year-over-year, from $12.3M to $12.6M in fiscal year 2025.
Is Koss Corp profitable?
No, Koss Corp (KOSS) reported a net income of -$875K in fiscal year 2025, with a net profit margin of -6.9%.
What is Koss Corp's earnings per share (EPS)?
Koss Corp (KOSS) reported diluted earnings per share of $-0.09 for fiscal year 2025. This represents a 10.0% 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 Koss Corp's EBITDA?
Koss Corp (KOSS) had EBITDA of -$1.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Koss Corp's gross margin?
Koss Corp (KOSS) had a gross margin of 37.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Koss Corp's operating margin?
Koss Corp (KOSS) had an operating margin of -13.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Koss Corp's net profit margin?
Koss Corp (KOSS) had a net profit margin of -6.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Koss Corp's free cash flow?
Koss Corp (KOSS) generated -$706K in free cash flow during fiscal year 2025. This represents a -8.2% 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 Koss Corp's operating cash flow?
Koss Corp (KOSS) generated -$215K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Koss Corp's total assets?
Koss Corp (KOSS) had $37.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Koss Corp's capital expenditures?
Koss Corp (KOSS) invested $491K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Koss Corp spend on research and development?
Koss Corp (KOSS) invested $214K in research and development during fiscal year 2025.
How many shares does Koss Corp have outstanding?
Koss Corp (KOSS) had 9M shares outstanding as of fiscal year 2025.
What is Koss Corp's current ratio?
Koss Corp (KOSS) had a current ratio of 11.65 as of fiscal year 2025, which is generally considered healthy.
What is Koss Corp's debt-to-equity ratio?
Koss Corp (KOSS) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Koss Corp's return on assets (ROA)?
Koss Corp (KOSS) 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 Koss Corp's cash runway?
Based on fiscal year 2025 data, Koss Corp (KOSS) had $2.8M in cash against an annual operating cash burn of $215K. This gives an estimated cash runway of approximately 157 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Koss Corp's Piotroski F-Score?
Koss Corp (KOSS) has a Piotroski F-Score of 4 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 Koss Corp's earnings high quality?
Koss Corp (KOSS) has an earnings quality ratio of 0.25x, considered low quality (accrual-driven). 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 Koss Corp?
Koss Corp (KOSS) scores 47 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.