Recon Technology, Ltd. (RCON) 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 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2026, filed Sep 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RCON SEC filings page.
Recon Technology, Ltd. (RCON) reported $16.2M in revenue for fiscal year 2026, up 75.0% 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).
FY2026 revenue accelerated, but persistent operating losses and cash outflows show growth has not yet funded the cost base.
Gross margin widened from23.0% to33.2% , indicating improved economics at the direct-cost level. Revenue rose75.0% in the latest year, but operating margin remained-37.5% , so overhead remained larger than the gross-profit improvement.
Cash conversion remains weak: FY2026 operating cash flow was
Short-term liquidity narrowed: the current ratio fell from 5.9x to 2.7x, reducing the cushion available for near-term obligations. Current assets declined to
Financial Health Signals
Scored against energy companies for FY2026. 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 Recon Technology, Ltd.'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.
Recon Technology, Ltd. has an operating margin of -37.5%, meaning the company loses $38 on every $100 of revenue. This results in a profitability score of 27/100. This is up from -86.5% the prior year.
Recon Technology, Ltd.'s revenue surged 75.0% year-over-year to $16.2M, reflecting rapid business expansion. This strong growth earns a score of 90/100.
Recon Technology, Ltd. carries a low D/E ratio of 0.15, meaning only $0.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.73, Recon Technology, Ltd. holds $2.73 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.
Not available for Recon Technology, Ltd., and counted as zero in the overall score.
Recon Technology, Ltd. posts a -5.2% return on equity (ROE), meaning it loses $5 for every $100 of shareholders' equity. This results in a returns score of 29/100. This is up from -9.1% the prior year.
Recon Technology, Ltd. scores 0.65, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($22.6M) relative to total liabilities ($12.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Recon Technology, Ltd. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Recon Technology, Ltd. reported a net loss of $4.4M while operations used $8.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Recon Technology, Ltd. reported an operating loss of $6.1M against $154K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2026.
Cash & Balance Sheet
Recon Technology, Ltd. held $4.4M in cash as of Q4 2026; long-term debt is not reported for that period.
Not reported for Q4 2026.
Not reported for Q4 2026.
Margins & Returns
None of these metrics is reported for Q4 2026.
Capital Allocation
None of these metrics is reported for Q4 2026.
RCON 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
RCON 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 | Q4'2620-F | Q2'266-K | Q4'2520-F | Q2'2510-Q | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q2'2310-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $94.2M+28.4% | $77.6M+4.6% | $73.4M-3.5% | $74.2M+9.0% | $76.0M+3.6% | $68.1M-5.0% | $73.3M+0.2% | $71.6M-10.2% |
| Current Assets | $33.7M-32.1% | $49.4M-24.7% | $49.7M-28.7% | $65.6M+9.7% | $69.7M+0.2% | $59.9M-8.0% | $69.6M+4.6% | $65.1M-10.1% |
| Cash & Equivalents | $4.4M-68.2% | $10.7M-46.1% | $13.8M-8.8% | $19.9M+16.0% | $15.1M+5.4% | $17.2M-56.0% | $14.4M-69.7% | $39.0M-25.4% |
| Short-Term Investments | $1.3M+164.2% | $0 | $502K-95.9% | $0-100.0% | $12.1M-52.3% | $18.9M | $25.4M | $0 |
| Inventory | $196K+4.5% | $94K-55.6% | $188K+20.8% | $211K-19.2% | $155K-82.2% | $261K-63.5% | $873K+50.2% | $716K-8.1% |
| Accounts Receivable | $6.8M+35.9% | $11.1M+100.6% | $5.0M-5.9% | $5.5M+27.4% | $5.3M+40.4% | $4.3M-23.2% | $3.8M+12.3% | $5.6M-13.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $686K-37.7% |
| Total Liabilities | $12.8M+28.2% | $13.1M+47.8% | $10.0M+18.3% | $8.9M-7.0% | $8.5M-33.8% | $9.6M-30.9% | $12.8M+10.7% | $13.8M-19.1% |
| Current Liabilities | $12.3M+45.9% | $11.7M+63.3% | $8.5M+29.4% | $7.1M-24.2% | $6.5M-22.4% | $9.4M+26.0% | $8.4M+6.6% | $7.5M-16.0% |
| Non-Current Liabilities | $485K-68.6% | $1.5M-15.5% | $1.5M-19.6% | $1.8M+1120.7% | $1.9M-55.9% | $144K-97.7% | $4.4M+19.4% | $6.4M-22.5% |
| Total Equity | $83.5M+27.9% | $66.4M-0.8% | $65.3M-5.6% | $66.9M+11.6% | $69.2M+11.6% | $60.0M+1.8% | $61.9M-1.4% | $58.9M-7.7% |
| Retained Earnings | -$43.1M-17.5% | -$38.4M-16.4% | -$36.7M-21.1% | -$33.0M-21.4% | -$30.3M-29.0% | -$27.2M-32.8% | -$23.5M-41.5% | -$20.5M-36.3% |
Not reported in any period shown, so not listed: Long-Term Debt.
RCON 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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
RCON 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF 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 |
|---|---|---|---|---|---|---|
| Recon Technology, Ltd. RCON | FY2026 | $16.2M | -$4.4M | -27.0% | $22.6M | 51/100 |
| Drilling Tools International Corporation DTI | FY2025 | $159.6M | -$3.8M | -2.4% | $83.3M | 60/100 |
| Smart Sand, Inc. SND | FY2025 | $330.2M | $1.3M | 0.4% | $221.3M | 50/100 |
| Dawson Geophysical Company New DWSN | FY2025 | $75.6M | -$1.9M | -2.6% | $84.5M | 24/100 |
| Leishen Energy Holding Co., Ltd. LSE | FY2025 | $48.3M | $1.3M | 2.6% | $76.6M | 47/100 |
| NCS Multistage Holdings, Inc. NCSM | FY2025 | $183.6M | $23.7M | 12.9% | $140.0M | 61/100 |
Where Recon Technology, Ltd. Ranks
Frequently Asked Questions
What is Recon Technology, Ltd.'s annual revenue?
Recon Technology, Ltd. (RCON) reported $16.2M in total revenue for fiscal year 2026. This represents a 75.0% 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 Recon Technology, Ltd.'s revenue growing?
Recon Technology, Ltd. (RCON) revenue grew by 75.0% year-over-year, from $9.3M to $16.2M in fiscal year 2026.
Is Recon Technology, Ltd. profitable?
No, Recon Technology, Ltd. (RCON) reported a net income of -$4.4M in fiscal year 2026, with a net profit margin of -27.0%.
What is Recon Technology, Ltd.'s EBITDA?
Recon Technology, Ltd. (RCON) had EBITDA of -$5.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Recon Technology, Ltd.'s gross margin?
Recon Technology, Ltd. (RCON) had a gross margin of 33.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Recon Technology, Ltd.'s operating margin?
Recon Technology, Ltd. (RCON) had an operating margin of -37.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Recon Technology, Ltd.'s net profit margin?
Recon Technology, Ltd. (RCON) had a net profit margin of -27.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Recon Technology, Ltd.'s return on equity (ROE)?
Recon Technology, Ltd. (RCON) has a return on equity of -5.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Recon Technology, Ltd.'s operating cash flow?
Recon Technology, Ltd. (RCON) recorded an outflow of $8.7M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Recon Technology, Ltd.'s total assets?
Recon Technology, Ltd. (RCON) had $94.2M in total assets as of fiscal year 2026, including both current and long-term assets.
How much does Recon Technology, Ltd. spend on research and development?
Recon Technology, Ltd. (RCON) invested $1.9M in research and development during fiscal year 2026.
What is Recon Technology, Ltd.'s current ratio?
Recon Technology, Ltd. (RCON) had a current ratio of 2.73 as of fiscal year 2026, which is generally considered healthy.
What is Recon Technology, Ltd.'s debt-to-equity ratio?
Recon Technology, Ltd. (RCON) had a debt-to-equity ratio of 0.15 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Recon Technology, Ltd.'s return on assets (ROA)?
Recon Technology, Ltd. (RCON) had a return on assets of -4.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Recon Technology, Ltd.'s P/E ratio?
Recon Technology, Ltd. (RCON) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $22.6M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Recon Technology, Ltd.'s price-to-sales ratio?
Recon Technology, Ltd. (RCON) trades at 1.4x sales, its market capitalization divided by revenue of $16.2M revenue, FY2026. The market capitalization is $22.6M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Recon Technology, Ltd.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Recon Technology, Ltd. (RCON) held $5.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.7M over that year. Dividing the one by the other, the reported balance equals about 8 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 Recon Technology, Ltd.'s Altman Z-Score?
Recon Technology, Ltd. (RCON) has an Altman Z-Score of 0.65, placing it in the Distress Zone (elevated 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 Recon Technology, Ltd.'s Piotroski F-Score?
Recon Technology, Ltd. (RCON) 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 Recon Technology, Ltd.'s earnings high quality?
Recon Technology, Ltd. (RCON) reported a net loss of $4.4M while operations used $8.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Recon Technology, Ltd. cover its interest payments?
Recon Technology, Ltd. (RCON) reported an operating loss of $6.1M against $154K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Recon Technology, Ltd.?
Recon Technology, Ltd. (RCON) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.