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Richardson Electrs Ltd Financials

RELL
FY2026 annual
Revenue $228.6M +9.4% YoY
Net Income $6.4M +658.4% YoY
EPS (Diluted) Not reported for FY2026
Free Cash Flow -$3.6M -146.8% YoY
Source SEC Filings (10-K/10-Q) Data as of May 30, 2026 Currency USD FYE May

Richardson Electrs Ltd (RELL) reported $228.6M in revenue for fiscal year 2026, up 9.4% 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).

Rhea AI RELL FY2026

Stable gross margins leave profitability governed by overhead absorption and working-capital swings, not revenue volume alone.

Earnings-to-cash conversion has repeatedly diverged: FY2023 paired $22.3M of net income with -$8.2M of operating cash flow. In FY2026, $6.4M of profit converted to just $762K of operating cash flow, while inventory and receivables remained substantial, pointing to working-capital timing rather than consistently cash-backed earnings.

Gross margin stayed around 31% in recent years, but FY2026 operating margin was 2.8%, so gross-profit generation alone does not determine earnings. That gap, alongside SG&A rising to $65.7M, indicates overhead absorption—not a major gross-margin shift—is governing earnings volatility.

The balance sheet is lightly levered: FY2026 debt-to-equity was 0.2x and current ratio 4.7x, giving the company a substantial liquidity cushion against uneven cash conversion. Yet FY2026 capex of $4.4M exceeded operating cash flow of $762K, so reinvestment consumed more cash than operations supplied.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 54 / 100
Financial Health Score 54/100

Scored against operating 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 Richardson Electrs 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.

Profitability
36

Richardson Electrs Ltd has an operating margin of 2.8%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is up from -1.2% the prior year.

Growth
59

Richardson Electrs Ltd's revenue grew 9.4% year-over-year to $228.6M, a solid pace of expansion. This earns a growth score of 59/100.

Leverage
72

Richardson Electrs Ltd carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
89

With a current ratio of 4.75, Richardson Electrs Ltd holds $4.75 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 89/100.

Cash Flow
30

While Richardson Electrs Ltd generated $762K in operating cash flow, capex of $4.4M consumed most of it, leaving -$3.6M in free cash flow. This results in a low score of 30/100, reflecting heavy capital investment rather than weak cash generation.

Returns
37

Richardson Electrs Ltd's ROE of 3.9% shows moderate profitability relative to equity, earning a score of 37/100. This is up from -0.7% the prior year.

Altman Z-Score Safe
6.48

Richardson Electrs Ltd scores 6.48, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($247.0M) relative to total liabilities ($38.3M). 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
6/7

Richardson Electrs Ltd passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
0.12x

For every $1 of reported earnings, Richardson Electrs Ltd generates $0.12 in operating cash flow ($762K OCF vs $6.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$228.6M
YoY+9.4%
5Y CAGR+5.3%
10Y CAGR+4.9%

Richardson Electrs Ltd generated $228.6M in revenue in fiscal year 2026. This represents an increase of 9.4% from the prior year.

EBITDA
$10.3M
YoY+566.2%
5Y CAGR+10.2%

Richardson Electrs Ltd's EBITDA was $10.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 566.2% from the prior year.

Net Income
$6.4M
YoY+658.4%
5Y CAGR+31.0%

Richardson Electrs Ltd reported $6.4M in net income in fiscal year 2026. This represents an increase of 658.4% from the prior year.

EPS (Diluted)

Not reported for fiscal year 2026.

Cash & Balance Sheet

Free Cash Flow
-$3.6M
YoY-146.8%

Richardson Electrs Ltd recorded an outflow of $3.6M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents a decrease of 146.8% from the prior year.

Cash & Debt
$31.8M
YoY-11.5%
5Y CAGR-6.0%
10Y CAGR-6.2%

Richardson Electrs Ltd held $31.8M in cash as of fiscal year 2026; long-term debt is not reported for that period.

Dividends Per Share

Not reported for fiscal year 2026.

Shares Outstanding

Not reported for fiscal year 2026.

Margins & Returns

Gross Margin
31.2%
YoY+0.2pp
5Y CAGR-2.0pp
10Y CAGR-0.4pp

Richardson Electrs Ltd's gross margin was 31.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin
2.8%
YoY+4.0pp
5Y CAGR+1.2pp
10Y CAGR+7.4pp

Richardson Electrs Ltd's operating margin was 2.8% in fiscal year 2026, reflecting core business profitability. This is up 4.0 percentage points from the prior year.

Net Margin
2.8%
YoY+3.3pp
5Y CAGR+1.9pp
10Y CAGR+7.6pp

Richardson Electrs Ltd's net profit margin was 2.8% in fiscal year 2026, showing the share of revenue converted to profit. This is up 3.3 percentage points from the prior year.

Return on Equity
3.9%
YoY+4.6pp
5Y CAGR+2.5pp
10Y CAGR+8.7pp

Richardson Electrs Ltd's ROE was 3.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 4.6 percentage points from the prior year.

Capital Allocation

Capital Expenditures
$4.4M
YoY+55.9%
5Y CAGR+10.7%
10Y CAGR-0.9%

Richardson Electrs Ltd invested $4.4M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 55.9% from the prior year.

R&D Spending

Not reported for fiscal year 2026.

Share Buybacks

Not reported for fiscal year 2026.

RELL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RELL annual income statement
MetricFY26FY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12
Revenue$228.6M+9.4%$208.9M+6.3%$196.5M-25.2%$262.7M+16.9%$224.6M+26.9%$176.9M+13.5%$155.9M-6.5%$166.7M+2.1%$163.2M+19.2%$136.9M-3.6%$142.0M+3.7%$137.0M-0.7%$138.0M-2.2%$141.1M-10.6%$157.8M
Cost of Revenue$157.2M+9.1%$144.1M+5.6%$136.5M-23.7%$179.0M+17.0%$152.9M+29.5%$118.1M+11.2%$106.2M-7.6%$114.9M+6.3%$108.1M+16.3%$93.0M-4.3%$97.2M+1.4%$95.8M-1.2%$96.9M-2.6%$99.5M-10.4%$111.1M
Gross Profit$71.3M+10.1%$64.8M+8.1%$60.0M-28.3%$83.7M+16.7%$71.7M+21.9%$58.8M+18.4%$49.7M-4.0%$51.7M-6.1%$55.1M+25.5%$43.9M-2.1%$44.8M+9.0%$41.1M+0.3%$41.0M-1.3%$41.5M-11.2%$46.8M
SG&A Expenses$65.7M+5.7%$62.2M+4.4%$59.5M+1.4%$58.7M+5.4%$55.7M-0.4%$55.9M+9.0%$51.3M-1.6%$52.2M+0.8%$51.7M+3.8%$49.9M-3.4%$51.6M+4.9%$49.2M+13.2%$43.5M+4.7%$41.5M+2.3%$40.6M
Operating Income$6.5M+362.4%-$2.5M-807.8%$348K-98.6%$25.0M+56.6%$16.0M+452.7%$2.9M+274.2%-$1.7M+75.5%-$6.8M-286.7%$3.6M+163.0%-$5.8M+12.1%-$6.6M+19.0%-$8.1M-94.7%-$4.2M-37854.5%$11K-99.8%$6.3M
Interest ExpenseN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A$1K
Income Tax$1.1M+382.2%-$388K-504.2%$96K-96.4%$2.7M+224.4%-$2.2M-432.0%$653K+4.6%$624K-38.6%$1.0M-33.7%$1.5M+88.9%$812K+48.7%$546K+137.2%-$1.5M-377.5%-$307K-291.9%$160K+147.9%-$334K
Net Income$6.4M+658.4%-$1.1M-1973.8%$61K-99.7%$22.3M+24.6%$17.9M+983.2%$1.7M+190.0%-$1.8M+74.9%-$7.3M-291.7%$3.8M+155.2%-$6.9M-2.4%-$6.8M-21.7%-$5.6M-979.4%-$515K-141.3%$1.2M-85.4%$8.5M

Not reported in any period shown, so not listed: R&D Expenses, EPS (Diluted).

RELL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RELL annual balance sheet
MetricFY26FY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12
Total Assets$202.0M+3.2%$195.8M+1.8%$192.4M-2.8%$198.0M+10.1%$179.8M+14.7%$156.8M+4.0%$150.7M-1.5%$153.0M-8.0%$166.3M+5.6%$157.5M-6.3%$168.1M-9.1%$185.0M-9.1%$203.5M-6.3%$217.3M-6.1%$231.4M
Current Assets$172.7M+4.1%$165.9M+2.6%$161.7M-3.8%$168.1M+9.7%$153.2M+14.1%$134.3M+6.0%$126.7M-3.0%$130.6M-5.2%$137.8M+7.4%$128.4M-5.6%$135.9M-15.7%$161.2M-16.2%$192.2M-5.3%$203.0M-4.8%$213.3M
Cash & Equivalents$31.8M-11.5%$35.9M+48.0%$24.3M-2.9%$25.0M-29.6%$35.5M-18.1%$43.3M+41.9%$30.5M-27.3%$42.0M-30.5%$60.5M+9.3%$55.3M-8.5%$60.5M-18.9%$74.5M-27.5%$102.8M+0.7%$102.0M+132.4%$43.9M
Inventory$103.0M+0.2%$102.8M-6.7%$110.1M-0.2%$110.4M+37.3%$80.4M+26.6%$63.5M+10.5%$57.5M+8.0%$53.2M+5.0%$50.7M+18.6%$42.7M-5.9%$45.4M+17.2%$38.8M+14.5%$33.9M-0.3%$34.0M-2.0%$34.7M
Accounts Receivable$33.2M+37.5%$24.1M-2.8%$24.8M-17.6%$30.1M+0.7%$29.9M+19.1%$25.1M+24.3%$20.2M-16.9%$24.3M+6.1%$22.9M+10.2%$20.8M-16.6%$24.9M+20.1%$20.8M+13.1%$18.4M+0.5%$18.3M-7.4%$19.7M
GoodwillN/AN/AN/AN/AN/AN/AN/AN/A$6.3M0.0%$6.3M0.0%$6.3M$0$0-100.0%$1.5M+20.5%$1.3M
Total Liabilities$38.3M-2.2%$39.2M+13.6%$34.5M-10.9%$38.7M-11.9%$44.0M+24.9%$35.2M+9.8%$32.1M+9.6%$29.3M-6.1%$31.1M+23.9%$25.1M-5.0%$26.5M-6.7%$28.3M-1.2%$28.7M-10.5%$32.1M+2.8%$31.2M
Current Liabilities$36.4M-1.1%$36.8M+14.8%$32.0M-12.5%$36.6M-11.2%$41.2M+27.9%$32.2M+10.4%$29.2M+3.4%$28.2M-5.8%$29.9M+23.5%$24.2M+0.9%$24.0M-7.3%$25.9M+20.2%$21.6M-10.4%$24.1M+12.8%$21.3M
Total Equity$163.7M+4.5%$156.7M-0.8%$158.0M-0.9%$159.3M+17.3%$135.8M+11.8%$121.6M+2.4%$118.7M-4.1%$123.8M-8.5%$135.2M+2.2%$132.3M-6.6%$141.7M-9.6%$156.7M-10.4%$174.8M-5.6%$185.2M-7.5%$200.2M
Retained Earnings$82.3M+3.7%$79.3M-5.2%$83.7M-3.8%$87.0M+27.9%$68.0M+27.6%$53.3M-2.7%$54.8M-8.3%$59.7M-14.8%$70.1M+1.1%$69.3M-12.6%$79.3M-11.0%$89.1M-9.0%$98.0M-3.8%$101.8M-2.2%$104.1M

Not reported in any period shown, so not listed: Long-Term Debt.

RELL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RELL annual cash flow statement
MetricFY26FY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12
Operating Cash Flow$762K-92.8%$10.6M+61.7%$6.5M+179.6%-$8.2M-529.0%$1.9M+129.7%$832K-56.7%$1.9M+175.0%-$2.6M-186.8%$3.0M+63.2%$1.8M+113.3%-$13.6M-38.9%-$9.8M-312.0%$4.6M-46.5%$8.6M+117.7%-$48.7M
Capital Expenditures$4.4M+55.9%$2.8M-30.4%$4.0M-45.2%$7.4M+136.5%$3.1M+18.5%$2.6M+48.2%$1.8M-54.2%$3.9M-26.1%$5.2M+0.3%$5.2M+8.5%$4.8M+1.6%$4.7M+70.3%$2.8M+69.6%$1.6M+652.3%$218K
Free Cash Flow-$3.6M-146.8%$7.7M+211.8%$2.5M+115.9%-$15.6M-1188.4%-$1.2M+32.8%-$1.8M-1324.5%$147K+102.3%-$6.4M-181.5%-$2.3M+33.0%-$3.4M+81.5%-$18.4M-26.7%-$14.5M-892.4%$1.8M-73.8%$7.0M+114.3%-$48.9M
Investing Cash Flow-$3.1M-176.6%$4.0M+199.6%-$4.0M-85.0%-$2.2M+73.1%-$8.1M-160.7%$13.4M+236.7%-$9.8M+17.7%-$11.9M-386.0%$4.2M+209.6%-$3.8M-146.0%$8.2M+219.0%-$6.9M-191.0%$7.6M-88.7%$67.2M+236.1%-$49.4M
Financing Cash Flow-$2.5M+21.6%-$3.2M-11.7%-$2.9M-846.8%$389K+210.5%-$352K+88.3%-$3.0M+6.0%-$3.2M-13.9%-$2.8M+4.5%-$3.0M+1.7%-$3.0M+62.3%-$8.0M-15.7%-$6.9M+42.0%-$11.9M+35.6%-$18.4M+30.8%-$26.6M
Dividends Paid$3.4M+0.9%$3.4M+0.9%$3.4M+1.7%$3.3M+4.0%$3.2M+2.3%$3.1M+0.7%$3.1M+0.8%$3.1M+0.9%$3.0M+0.6%$3.0M-1.6%$3.1M-5.6%$3.3M-2.4%$3.3M-6.4%$3.6M+7.7%$3.3M
Share BuybacksN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A$5.0M+27.1%$3.9M-54.9%$8.7M-41.8%$15.0M-37.4%$24.0M

RELL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

RELL annual financial ratios
MetricFY26FY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12
Gross Margin31.2%+0.2pp31.0%+0.5pp30.5%-1.3pp31.9%-0.1pp31.9%-1.3pp33.3%+1.4pp31.9%+0.8pp31.0%-2.7pp33.8%+1.7pp32.1%+0.5pp31.6%+1.5pp30.0%+0.3pp29.7%+0.3pp29.4%-0.2pp29.6%
Operating Margin2.8%+4.0pp-1.2%-1.4pp0.2%-9.3pp9.5%+2.4pp7.1%+5.5pp1.6%+2.7pp-1.1%+3.0pp-4.1%-6.3pp2.2%+6.4pp-4.2%+0.4pp-4.6%+1.3pp-5.9%-2.9pp-3.0%-3.0pp0.0%-4.0pp4.0%
Net Margin2.8%+3.3pp-0.5%-0.6pp0.0%-8.5pp8.5%+0.5pp8.0%+7.0pp0.9%+2.1pp-1.2%+3.2pp-4.4%-6.7pp2.3%+7.4pp-5.1%-0.3pp-4.8%-0.7pp-4.1%-3.7pp-0.4%-1.3pp0.9%-4.5pp5.4%
Return on Equity3.9%+4.6pp-0.7%-0.8pp0.0%-14.0pp14.0%+0.8pp13.2%+11.8pp1.4%+2.9pp-1.6%+4.4pp-5.9%-8.8pp2.8%+8.1pp-5.2%-0.5pp-4.8%-1.2pp-3.5%-3.3pp-0.3%-1.0pp0.7%-3.6pp4.3%
Return on Assets3.2%+3.7pp-0.6%-0.6pp0.0%-11.3pp11.3%+1.3pp10.0%+8.9pp1.1%+2.3pp-1.2%+3.6pp-4.8%-7.1pp2.3%+6.7pp-4.4%-0.4pp-4.0%-1.0pp-3.0%-2.8pp-0.3%-0.8pp0.6%-3.1pp3.7%
Current Ratio4.75+0.2x4.51-0.5x5.05+0.5x4.59+0.9x3.72-0.4x4.17-0.2x4.34-0.3x4.630.0x4.60-0.7x5.29-0.4x5.66-0.6x6.22-2.7x8.91+0.5x8.43-1.6x10.00
Debt-to-Equity0.230.0x0.250.0x0.220.0x0.24-0.1x0.320.0x0.290.0x0.270.0x0.240.0x0.230.0x0.190.0x0.190.0x0.180.0x0.160.0x0.170.0x0.16
FCF Margin-1.6%-5.3pp3.7%+2.5pp1.3%+7.2pp-5.9%-5.4pp-0.5%+0.5pp-1.0%-1.1pp0.1%+4.0pp-3.9%-2.5pp-1.4%+1.1pp-2.5%+10.5pp-13.0%-2.4pp-10.6%-11.9pp1.3%-3.6pp5.0%+36.0pp-31.0%

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Frequently Asked Questions

What is Richardson Electrs Ltd's annual revenue?

Richardson Electrs Ltd (RELL) reported $228.6M in total revenue for fiscal year 2026. This represents a 9.4% 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 Richardson Electrs Ltd's revenue growing?

Richardson Electrs Ltd (RELL) revenue grew by 9.4% year-over-year, from $208.9M to $228.6M in fiscal year 2026.

Is Richardson Electrs Ltd profitable?

Yes, Richardson Electrs Ltd (RELL) reported a net income of $6.4M in fiscal year 2026, with a net profit margin of 2.8%.

Richardson Electrs Ltd (RELL) had EBITDA of $10.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Richardson Electrs Ltd (RELL) had a gross margin of 31.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Richardson Electrs Ltd (RELL) had an operating margin of 2.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Richardson Electrs Ltd (RELL) had a net profit margin of 2.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Richardson Electrs Ltd (RELL) has a return on equity of 3.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Richardson Electrs Ltd (RELL) recorded an outflow of $3.6M in free cash flow during fiscal year 2026. This represents a -146.8% 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.

Richardson Electrs Ltd (RELL) generated $762K in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Richardson Electrs Ltd (RELL) had $202.0M in total assets as of fiscal year 2026, including both current and long-term assets.

Richardson Electrs Ltd (RELL) invested $4.4M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Richardson Electrs Ltd (RELL) had a current ratio of 4.75 as of fiscal year 2026, which is generally considered healthy.

Richardson Electrs Ltd (RELL) had a debt-to-equity ratio of 0.23 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Richardson Electrs Ltd (RELL) had a return on assets of 3.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Richardson Electrs Ltd (RELL) has an Altman Z-Score of 6.48, 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.

Richardson Electrs Ltd (RELL) has a Piotroski F-Score of 6 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.

Richardson Electrs Ltd (RELL) has an earnings quality ratio of 0.12x, 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.

Richardson Electrs Ltd (RELL) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating 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.

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