Optical Cable Financials

OCC

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2026 Currency USD FYE October

This page shows Optical Cable (OCC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI OCC FY2025 2026-06-08

Optical Cable's earnings hinge on restoring operating leverage: gross margin recovered, but overhead still absorbs too much of each sale.

By FY2025, gross margin recovery and a return to peak revenue still did not restore operating profit, because SG&A climbed from $21.2M in FY2023 to $23.0M. Cash flow recovered faster than earnings: free cash flow was $1.1M despite a net loss of -$1.5M, showing that this is not a capex-hungry business but one still short of consistent operating leverage.

The company keeps very little cash on hand—just $126K—so its apparent liquidity rests on working capital turnover, not a cash reserve. With inventory at $20.9M and receivables at $8.1M, most current assets need to be converted before they can pay bills.

The balance sheet has become less forgiving over the past few years. Debt relative to equity moved from 0.2x in FY2021 to 1.0x in FY2025 as retained earnings were reduced by recent losses, so similar earnings volatility now hits a thinner equity cushion.

Financial Health Signals

Financial Health Score 49/100

Scored as: Emerging companies peer group

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 Optical Cable'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.

Cash Runway

Dilution

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Safe

7.16

Optical Cable scores 7.16, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($141.5M) relative to total liabilities ($17.7M). 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.

Piotroski F-Score Partial

5/8

Optical Cable passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 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

-0.97x

For every $1 of reported earnings, Optical Cable generates $-0.97 in operating cash flow ($1.4M OCF vs -$1.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.4x

Optical Cable earns $-0.4 in operating income for every $1 of interest expense (-$450K vs $1.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$73.0M

YoY+9.5%

5Y CAGR+5.7%

10Y CAGR-0.1%

Optical Cable generated $73.0M in revenue in fiscal year 2025. This represents an increase of 9.5% from the prior year.

EBITDA

$354K

YoY+114.1%

Optical Cable's EBITDA was $354K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 114.1% from the prior year.

Net Income

-$1.5M

YoY+65.4%

Optical Cable reported -$1.5M in net income in fiscal year 2025. This represents an increase of 65.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$1.1M

YoY+191.2%

Optical Cable generated $1.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 191.2% from the prior year.

Cash & Debt

$126K

YoY-1.9%

5Y CAGR-22.6%

10Y CAGR-13.5%

Optical Cable held $126K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+7.9%

5Y CAGR+3.3%

10Y CAGR+2.3%

Optical Cable had 9M shares outstanding in fiscal year 2025. This represents an increase of 7.9% from the prior year.

Margins & Returns

Gross Margin

30.9%

YoY+3.6pp

5Y CAGR+5.5pp

10Y CAGR+1.3pp

Optical Cable's gross margin was 30.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.6 percentage points from the prior year.

Operating Margin

-0.6%

YoY+4.4pp

5Y CAGR+9.4pp

10Y CAGR+2.6pp

Optical Cable's operating margin was -0.6% in fiscal year 2025, reflecting core business profitability. This is up 4.4 percentage points from the prior year.

Net Margin

-2.0%

YoY+4.3pp

5Y CAGR+9.1pp

10Y CAGR+3.8pp

Optical Cable's net profit margin was -2.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.3 percentage points from the prior year.

Return on Equity

-8.0%

YoY+13.3pp

5Y CAGR+38.5pp

10Y CAGR+8.9pp

Optical Cable's ROE was -8.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 13.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$296K

YoY-20.0%

5Y CAGR+19.8%

10Y CAGR-21.1%

Optical Cable invested $296K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 20.0% from the prior year.

OCC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$73.0M+9.5%	$66.7M-7.6%	$72.2M+4.5%	$69.1M+16.8%	$59.1M+7.0%	$55.3M
Cost of Revenue	$50.4M+4.1%	$48.5M-2.8%	$49.9M+2.7%	$48.6M+13.3%	$42.9M+4.1%	$41.2M
Gross Profit	$22.6M+24.1%	$18.2M-18.3%	$22.3M+8.7%	$20.5M+26.0%	$16.3M+15.5%	$14.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$23.0M+6.8%	$21.5M+1.3%	$21.2M+6.3%	$20.0M+9.4%	$18.2M-5.2%	$19.2M
Operating Income	-$450K+86.7%	-$3.4M-440.0%	$993K+110.0%	$473K+124.0%	-$2.0M+64.3%	-$5.5M
Interest Expense	$1.0M-13.8%	$1.2M+1.2%	$1.2M+50.0%	$768K+11.3%	$690K+21.2%	$570K
Income Tax	$30K+46.3%	$21K-85.8%	$146K+490.1%	$25K+224.1%	-$20K-210.3%	$18K
Net Income	-$1.5M+65.4%	-$4.2M-303.7%	$2.1M+695.4%	-$347K-105.3%	$6.6M+208.0%	-$6.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$22.2M+35.2%	$16.4M-17.1%	$19.8M-0.4%	$19.9M+13.5%	$17.5M+11.5%	$15.7M-19.2%	$19.5M+20.1%	$16.2M
Cost of Revenue	$14.6M+32.2%	$11.1M	N/A	$13.6M+11.3%	$12.2M+9.9%	$11.1M	N/A	$12.3M
Gross Profit	$7.6M+41.4%	$5.4M-15.0%	$6.3M0.0%	$6.3M+18.5%	$5.3M+15.3%	$4.6M-29.2%	$6.5M+66.6%	$3.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6.3M+12.8%	$5.6M-7.8%	$6.0M+5.1%	$5.7M-0.1%	$5.7M+5.2%	$5.5M-6.7%	$5.9M+11.7%	$5.2M
Operating Income	$1.3M+726.0%	-$208K-177.5%	$269K-52.2%	$562K+231.1%	-$429K+49.6%	-$852K-228.7%	$662K+149.5%	-$1.3M
Interest Expense	$234K+11.3%	$211K	N/A	$260K+4.5%	$249K-5.7%	$264K	N/A	$301K
Income Tax	$4K+120.5%	-$21K	N/A	$4K-69.8%	$15K+22.5%	$12K	N/A	$7K
Net Income	$1.1M+365.3%	-$398K-917.7%	$49K-83.9%	$302K+143.3%	-$698K+37.0%	-$1.1M-396.5%	$373K+124.0%	-$1.6M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

OCC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$38.8M+2.5%	$37.8M-6.6%	$40.5M-4.7%	$42.5M+8.7%	$39.1M+10.6%	$35.4M
Current Assets	$29.6M+5.8%	$28.0M-12.0%	$31.8M-3.8%	$33.1M+13.8%	$29.1M+18.8%	$24.5M
Cash & Equivalents	$126K-1.9%	$128K-41.9%	$221K+18.8%	$186K+34.8%	$138K-69.5%	$452K
Inventory	$20.9M+9.4%	$19.1M-17.0%	$23.0M+3.4%	$22.3M+24.3%	$17.9M+3.0%	$17.4M
Accounts Receivable	$8.1M-1.5%	$8.2M+10.9%	$7.4M-25.4%	$9.9M+18.1%	$8.4M+34.0%	$6.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$17.7M-2.3%	$18.1M+5.4%	$17.1M-12.1%	$19.5M+9.5%	$17.8M-19.8%	$22.2M
Current Liabilities	$16.2M+18.8%	$13.6M-3.9%	$14.2M-2.4%	$14.5M+112.8%	$6.8M-27.0%	$9.4M
Long-Term Debt	N/A	N/A	N/A	$4.1M-7.7%	$4.4M-6.9%	$4.8M
Total Equity	$18.1M-8.2%	$19.7M-15.4%	$23.3M+1.5%	$23.0M+8.1%	$21.3M+61.8%	$13.2M
Retained Earnings	$2.5M-42.6%	$4.3M-47.7%	$8.2M-2.0%	$8.3M+20.2%	$6.9M+884.5%	-$884K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$42.4M+9.4%	$38.8M-3.2%	$40.1M-0.3%	$40.2M+2.8%	$39.1M+3.3%	$37.8M-6.3%	$40.4M+7.3%	$37.6M
Current Assets	$32.9M+11.2%	$29.6M-3.6%	$30.8M+0.2%	$30.7M+3.7%	$29.6M+5.6%	$28.0M-8.4%	$30.6M+4.8%	$29.2M
Cash & Equivalents	$146K+15.7%	$126K-47.0%	$238K-43.6%	$421K-52.9%	$894K+597.0%	$128K-47.5%	$244K-69.3%	$797K
Inventory	$21.3M+1.8%	$20.9M+5.5%	$19.8M+5.9%	$18.7M-1.9%	$19.1M-0.2%	$19.1M+2.0%	$18.7M-2.8%	$19.3M
Accounts Receivable	$11.1M+37.1%	$8.1M-21.4%	$10.3M-7.2%	$11.1M+21.6%	$9.1M+11.0%	$8.2M-25.0%	$10.9M+27.4%	$8.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$20.2M+14.2%	$17.7M-4.4%	$18.5M-1.3%	$18.7M-6.1%	$20.0M+10.4%	$18.1M-7.4%	$19.5M+13.2%	$17.2M
Current Liabilities	$15.8M-2.1%	$16.2M-3.9%	$16.9M-0.6%	$17.0M+8.2%	$15.7M+15.0%	$13.6M-10.0%	$15.1M+6.2%	$14.3M
Long-Term Debt	N/A	N/A	N/A	N/A	$2.5M	N/A	$2.6M	N/A
Total Equity	$15.2M-16.0%	$18.1M+9.8%	$16.5M-9.5%	$18.2M-4.6%	$19.1M-3.2%	$19.7M-5.3%	$20.8M+2.4%	$20.4M
Retained Earnings	-$525K-121.4%	$2.5M+221.4%	$763K-70.4%	$2.6M-27.8%	$3.6M-16.3%	$4.3M-20.6%	$5.4M+7.5%	$5.0M

OCC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.4M+265.0%	-$857K-116.6%	-$396K+75.1%	-$1.6M-175.0%	$2.1M+159.6%	-$3.6M
Capital Expenditures	$296K-20.0%	$370K-29.0%	$521K+86.1%	$280K+68.3%	$166K+38.5%	$120K
Free Cash Flow	$1.1M+191.2%	-$1.2M-33.8%	-$917K+50.9%	-$1.9M-195.7%	$2.0M+153.1%	-$3.7M
Investing Cash Flow	-$317K-372.4%	-$67K-104.7%	$1.4M+588.5%	-$292K-51.6%	-$193K-14.5%	-$168K
Financing Cash Flow	-$1.1M-267.5%	-$300K-236.6%	$220K-88.8%	$2.0M+201.6%	-$1.9M-158.1%	$3.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$2.5M-316.4%	$1.2M+46.4%	$797K+136.3%	-$2.2M-1655.7%	$141K-94.7%	$2.7M+275.7%	-$1.5M-375.5%	$552K
Capital Expenditures	$73K-47.4%	$138K+75.8%	$78K+1.7%	$77K+13.6%	$68K-5.4%	$72K+27.1%	$57K-26.8%	$77K
Free Cash Flow	-$2.6M-352.4%	$1.0M+43.2%	$719K+131.6%	-$2.3M-3201.8%	$73K-97.2%	$2.6M+264.9%	-$1.6M-432.2%	$475K
Investing Cash Flow	-$74K+55.1%	-$164K-95.9%	-$84K+7.4%	-$90K-32.9%	-$68K+9.7%	-$75K-214.7%	-$24K+9.1%	-$26K
Financing Cash Flow	$2.6M+334.9%	-$1.1M-24.2%	-$898K-149.4%	$1.8M+162.3%	$693K+125.5%	-$2.7M-373.3%	$993K+221.3%	-$819K
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

OCC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	30.9%+3.6pp	27.3%-3.6pp	30.9%+1.2pp	29.7%+2.2pp	27.5%+2.0pp	25.5%
Operating Margin	-0.6%+4.4pp	-5.1%-6.4pp	1.4%+0.7pp	0.7%+4.0pp	-3.3%+6.7pp	-10.0%
Net Margin	-2.0%+4.3pp	-6.3%-9.2pp	2.9%+3.4pp	-0.5%-11.7pp	11.2%+22.3pp	-11.1%
Return on Equity	-8.0%+13.3pp	-21.3%-30.2pp	8.8%+10.4pp	-1.5%-32.6pp	31.1%+77.6pp	-46.5%
Return on Assets	-3.8%+7.4pp	-11.1%-16.2pp	5.1%+5.9pp	-0.8%-17.7pp	16.9%+34.2pp	-17.3%
Current Ratio	1.83-0.2	2.06-0.2	2.24-0.0	2.28-2.0	4.26+1.6	2.62
Debt-to-Equity	0.97+0.1	0.92+0.2	0.73+0.6	0.18-0.0	0.21-0.2	0.36
FCF Margin	1.5%+3.4pp	-1.8%-0.6pp	-1.3%+1.4pp	-2.7%-6.0pp	3.3%+9.9pp	-6.6%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	34.2%+1.5pp	32.7%+0.8pp	31.9%+0.1pp	31.7%+1.3pp	30.4%+1.0pp	29.4%-4.1pp	33.5%+9.3pp	24.2%
Operating Margin	5.9%+7.1pp	-1.3%-2.6pp	1.4%-1.5pp	2.8%+5.3pp	-2.5%+3.0pp	-5.4%-8.8pp	3.4%+11.7pp	-8.3%
Net Margin	4.8%+7.2pp	-2.4%-2.7pp	0.3%-1.3pp	1.5%+5.5pp	-4.0%+3.0pp	-7.0%-8.9pp	1.9%+11.5pp	-9.6%
Return on Equity	6.9%+9.1pp	-2.2%-2.5pp	0.3%-1.4pp	1.7%+5.3pp	-3.6%+2.0pp	-5.6%-7.4pp	1.8%+9.4pp	-7.6%
Return on Assets	2.5%+3.5pp	-1.0%-1.1pp	0.1%-0.6pp	0.8%+2.5pp	-1.8%+1.1pp	-2.9%-3.9pp	0.9%+5.1pp	-4.1%
Current Ratio	2.08+0.2	1.830.0	1.82+0.0	1.81-0.1	1.89-0.2	2.06+0.0	2.02-0.0	2.05
Debt-to-Equity	1.33+0.4	0.97-0.1	1.12+0.1	1.03+0.9	0.13-0.8	0.92+0.8	0.12-0.7	0.85
FCF Margin	-11.7%-17.9pp	6.3%+2.6pp	3.6%+15.1pp	-11.4%-11.8pp	0.4%-16.1pp	16.5%+24.6pp	-8.1%-11.0pp	2.9%

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Frequently Asked Questions

What is Optical Cable's annual revenue?

Optical Cable (OCC) reported $73.0M in total revenue for fiscal year 2025. This represents a 9.5% 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.

How fast is Optical Cable's revenue growing?

Optical Cable (OCC) revenue grew by 9.5% year-over-year, from $66.7M to $73.0M in fiscal year 2025.

Is Optical Cable profitable?

No, Optical Cable (OCC) reported a net income of -$1.5M in fiscal year 2025, with a net profit margin of -2.0%.

What is Optical Cable's EBITDA?

Optical Cable (OCC) had EBITDA of $354K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Optical Cable's gross margin?

Optical Cable (OCC) had a gross margin of 30.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Optical Cable's operating margin?

Optical Cable (OCC) had an operating margin of -0.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Optical Cable's net profit margin?

Optical Cable (OCC) had a net profit margin of -2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Optical Cable's return on equity (ROE)?

Optical Cable (OCC) has a return on equity of -8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Optical Cable's free cash flow?

Optical Cable (OCC) generated $1.1M in free cash flow during fiscal year 2025. This represents a 191.2% 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 Optical Cable's operating cash flow?

Optical Cable (OCC) generated $1.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Optical Cable's total assets?

Optical Cable (OCC) had $38.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Optical Cable's capital expenditures?

Optical Cable (OCC) invested $296K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Optical Cable have outstanding?

Optical Cable (OCC) had 9M shares outstanding as of fiscal year 2025.

What is Optical Cable's current ratio?

Optical Cable (OCC) had a current ratio of 1.83 as of fiscal year 2025, which is generally considered healthy.

What is Optical Cable's debt-to-equity ratio?

Optical Cable (OCC) had a debt-to-equity ratio of 0.97 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Optical Cable's return on assets (ROA)?

Optical Cable (OCC) had a return on assets of -3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Optical Cable's Altman Z-Score?

Optical Cable (OCC) has an Altman Z-Score of 7.16, 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 Optical Cable's Piotroski F-Score?

Optical Cable (OCC) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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 Optical Cable's earnings high quality?

Optical Cable (OCC) has an earnings quality ratio of -0.97x, 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.

Can Optical Cable cover its interest payments?

Optical Cable (OCC) has an interest coverage ratio of -0.4x, meaning it can struggle to 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.

How financially healthy is Optical Cable?

Optical Cable (OCC) scores 49 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.