Senstar Technologies Corporation Reports Fourth Quarter 2025 Financial Results

Rhea-AI Summary

Senstar Technologies (NASDAQ: SNT) reported full-year 2025 revenue of $36.4M, net income of $3.2M and EBITDA of $3.7M. Cash and short-term deposits were $22.5M with no debt. Fourth-quarter 2025 revenue fell to $8.8M, producing a $33,000 net loss; management cited U.S. government project delays and a non-recurring 2024 EMEA project. The company closed the Blickfeld acquisition entering 2026 to expand LiDAR capabilities.

Positive

• Net income +23% YoY to $3.2M in 2025
• Closed Blickfeld acquisition to add LiDAR technology

Negative

• Full-year EBITDA declined ~19.6% to $3.7M
• Q4 revenue declined 14% to $8.8M
• Q4 EBITDA collapsed to $15K from $1.6M year-ago

News Market Reaction – MAGS

-1.67%

-1.67% Session close to close

In the Apr 23 session, MAGS declined 1.67%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement provides a mixed but evolving picture: full-year 2025 revenue grew to $36.4 millio...

Analysis

This announcement provides a mixed but evolving picture: full-year 2025 revenue grew to $36.4 million with gross margin of 65.5%, yet Q4 saw revenue decline and a small net loss. The company maintains $22.5 million in cash and no debt while absorbing costs from the Blickfeld acquisition. Investors may focus on how quickly delayed government projects convert to revenue and whether integration and expense trends support the long-term growth narrative.

Key Figures

Full-year 2025 revenue: $36.4 million Full-year 2025 gross margin: 65.5% Full-year 2025 net income: $3.2 million +5 more

8 metrics

Full-year 2025 revenue $36.4 million Compared with $35.8 million in 2024 (2% increase)

Full-year 2025 gross margin 65.5% Up from 64.1% in 2024

Full-year 2025 net income $3.2 million Up from $2.6 million in 2024

Full-year 2025 EBITDA $3.7 million Down from $4.6 million in 2024 due to higher expenses

Year-end 2025 cash $22.5 million Cash and short-term deposits, no debt

Q4 2025 revenue $8.8 million Down 14% from $10.2 million in Q4 2024

Q4 2025 net loss $33,000 Compared with $1.6 million net income in Q4 2024

Q4 2025 EBITDA $15,000 Down from $1.6 million in Q4 2024

Previous Earnings Reports

2 past events · Latest: Nov 25 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Nov 25	Q3 2025 earnings	Positive	+0.4%	Q3 revenue and margins solid with rising net income and strong cash.
Aug 25	Q2 2025 earnings	Positive	+0.3%	Double-digit revenue growth, margin expansion, and EBITDA increase with no debt.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent earnings reports have been followed by modest positive moves, suggesting generally constructive reactions to financial updates.

Recent Company History

Over the past year, Senstar’s earnings updates have highlighted steady growth and solid margins. Q2 2025 showed revenue growth of 16.2% to $9.7M with a 66.1% gross margin and higher EBITDA, while Q3 2025 delivered $9.5M revenue, a 67.3% gross margin, and net income of $1.0M. Cash stayed strong with no debt. Today’s full-year 2025 results extend that narrative with higher annual revenue, margin expansion, and continued profitability, though Q4 softness and higher expenses linked to the Blickfeld deal add nuance.

Key Terms

ebitda, liDAR, earnouts

3 terms

ebitda financial

"Full year 2025 EBITDA of $3.7 million compared to $4.6 million last year"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

liDAR technical

"positions us to gain share in the high-growth LiDAR market, estimated to grow"

Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

earnouts financial

"plus €1.0 million in performance-based earnouts"

An earnout is a portion of a purchase price in a company sale that is paid later only if the business meets agreed future targets, like revenue or profit milestones. Think of it as a performance bonus tied to the company’s future results; it matters to investors because it shifts risk between buyer and seller, affects the ultimate price paid, and can influence future cash flow, incentives and how management prioritizes growth.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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OTTAWA, ON, April 23, 2026 /PRNewswire/ -- Senstar Technologies Corporation (NASDAQ: SNT), a leading international provider of comprehensive physical, video and access control security products and solutions, today announced its financial results for the three and twelve months ended December 31, 2025. Management will hold an investors' conference call later today (at 9:30 a.m. Eastern Time) to discuss the results.

Full Year 2025 Summary:

(Full year 2025 results compared to the full year 2024)

• Revenue of $36.4 million with gross margin of 65.5% compared to $35.8 million and 64.1%, respectively in the full year of 2024.
• Net income of $3.2 million compared to $2.6 million in 2024.
• Full year 2025 EBITDA of $3.7 million compared to $4.6 million last year, reflecting higher operating expenses related to the Blickfeld acquisition.
• Ended the year with $22.5 million in cash and short-term bank deposits and no debt, compared with $20.6 million as of December 31, 2024.

Fourth Quarter 2025 Summary:

(Fourth quarter 2025 results for the three months ended December 31, 2025, compared to the three months ended December 31, 2024)

• Revenue of $8.8 million with gross margin of 61.5% compared to $10.2 million and 64.5%, primarily impacted by US government projects delays following shutdown, and a non-recurring 2024 project in EMEA, with associated revenue expected to shift into 2026.
• Net loss of $33,000 compared to Net Income of $1.6 million in the fourth quarter of last year.
• Fourth quarter EBITDA of $15,000 compared to $1.6 million in the fourth quarter of last year.

Mr. Fabien Haubert, CEO, stated, "We delivered solid full-year results in 2025, with revenue and gross margin expansion, while maintaining a profit trajectory and strong balance sheet with $22.5 million in cash. This performance for the year reflects continued growth across our business, while the fourth quarter results were impacted delays in Government projects mainly following the shutdown and a non-recurring 2024 project timing expected to generate further revenue in 2026. Importantly, despite Q4, core vertical revenue grew 5% for the year, reflecting steady demand across markets.

Mr. Haubert continued, "We began 2026 with the closing of the Blickfeld acquisition, which enhances our technology capabilities and positions us to gain share in the high-growth LiDAR market, estimated to grow over 20% per year. With increasing customer activity across Data Centers, Energy verticals and LiDAR applications, we enter 2026 with strong momentum and are focused on delivering sustainable, long-term growth through converting our growing pipeline into revenue."  

Full Year 2025 Financial Results Summary

Revenue was $36.4 million, an increase of 2% compared with $35.8 million in 2024. The increase in annual revenue was primarily due to growth from the corrections and energy verticals in North America and LATAM.

Gross profit was $23.8 million with gross margin of 65.5%, compared with $22.9 million, or 64.1% gross margin in 2024. The increase in gross margin was due to favorable product mix and efficiency gains from product redesign and material purchase processes.

Operating expenses were $20.8 million; a 9% increase compared to the prior year's operating expenses of $19.0 million. The growth in operating expenses is primarily due to general and administrative costs associated with the Blickfeld transaction announced in December 2025, as well as the closing costs of a foreign entity.

Operating income for 2025 was $3.0 million compared to operating income of $3.9 million in the year-ago period. The decline is the result of slightly slower revenue growth and increases in general and administrative costs associated with the Blickfeld transaction and the closing of the foreign entity.

Financial income of $71,000 in 2025 compared to financial income of $0.7 million in the year-ago period.

Net income in 2025 was $3.2 million, or $0.14 per share, versus a net income of $2.6 million, or $0.11 per share in 2024.

EBITDA for 2025 was $3.7 million versus $4.6 million in 2024.

Cash and cash equivalents and short-term bank deposits of $22.5 million, or $0.96 per share, as of December 31, 2025, compared with $20.6 million, or $0.88 per share, at December 31, 2024.

Fourth Quarter 2025 Financial Results Summary

Revenue for the fourth quarter of 2025 was $8.8 million, a decline of 14% compared with $10.2 million for the fourth quarter of 2024. The revenue decline in the quarter is primarily attributable to pressure in the U.S. from delays in Government projects and in Europe from a large non-recurring project in 2024, positively offset by 110% growth in Canada and 21% growth in APAC.

Fourth quarter gross profit was $5.4 million, or 61.5% gross margin, compared with $6.6 million, or 64.5% gross margin, for the fourth quarter of 2024. The decline in gross margin is primarily related to lower revenue, less favorable product mix, and some overhead expense cadence.

Operating expenses increased to $5.6 million, compared to $5.1 million for the fourth quarter of 2024. The increase was mainly driven by general and administrative expenses, including $0.4 million in consulting and closing costs related to the recent acquisition of Blickfeld.

Operating loss for the fourth quarter of 2025 was $159,000 compared to Operating income of $1.5 million for the fourth quarter of last year. The variation in operating income is primarily attributable to a decline in revenue and an increase in general and administrative expenses.

Financial loss of $150,000 compared to financial income of $0.5 million for the fourth quarter of last year.

Net loss in the fourth quarter of 2025 was $33,000, or less than $0.01 per share, compared to $1.6 million, or $0.07 per share, in the fourth quarter of last year.

EBITDA for the fourth quarter of 2025 was $15,000 compared to $1.6 million in the fourth quarter of 2024.

Earnings Conference Call Information:

We will host a conference call later today, April 23, 2026. The call will begin promptly at 9:30 a.m. Eastern Time. We request that participants dial in 10 minutes before the conference call commences and use the conference ID number 13759945.

Participant Dial-in Numbers:

Toll Free: 1-877-407-9716

Toll/International:1-201-493-6779

The conference call will also be available via a live webcast at

https://viavid.webcasts.com/starthere.jsp?ei=1759681&tp_key=2a5c641eb6

Replay Dial-in Numbers:

Toll Free: 1-844-512-2921

Toll/International: 1-412-317-6671

Replay Pin Number: 13759945

About Senstar Technologies Corporation

With innovative perimeter intrusion detection systems (including fence sensors, buried sensors, and above ground sensors), intelligent video-management, video analytics, and access control, Senstar offers a comprehensive suite of proven, integrated solutions that reduce complexity, improve performance, and unify support. For 40 years, Senstar has been safeguarding people, places, and property for organizations around the world, with a special focus on utilities, logistics, correction facilities and energy markets.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario), which we refer to collectively as forward-looking statements. These forward-looking statements are not limited to historical facts, but reflect Senstar's current beliefs, expectations or intentions regarding future events. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "seek," "estimate," "predict," "potential," "pursue," "target," "continue," and similar expressions are intended to identify such forward-looking statements. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including the effect of tariffs imposed by governments in countries in which we operate and those risks discussed under the heading "Risk Factors" in Senstar's most recent Annual Report on Form 20-F filed with the  United States Securities and Exchange Commission, or the SEC, and in other filings with the SEC. These forward-looking statements are made only as of the date hereof, and, except as required by applicable law or regulation, Senstar undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:                                                                      
Senstar Technologies Corporation                                                                       
Alicia Kelly,                                                                                       
Chief Financial Officer                                                                                     
Alicia.Kelly@senstar.com                                                                  

IR Contact:
Hayden IR
Corbin Woodhull,
Managing Director  
Corbin@HaydenIR.com
+1-602-476-1821 

-- Tables follow –

 

SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(All numbers except EPS expressed in thousands of US$)
	Three Months Ended December 31,					Twelve Months Ended December 31,
	2025		2024	% change		2025		2024		% change
Revenue	8,772		10,235	(14)		36,374		35,753		2
Cost of revenue	3,380		3,636	(7)		12,537		12,836		(2)
Gross profit	5,392		6,599	(18)		23,837		22,917		4
Operating expenses:
Research and development, net	736		809	(9)		3,348		4,151		(19)
Selling and marketing	2,581		2,605	(1)		9,632		8,998		7
General and administrative	2,234		1,719	30		7,847		5,885		33
Total operating expenses	5,551		5,133	8		20,827		19,034		9
Operating income (loss)	(159)		1,466			3,010		3,883
Financial income (expenses), net	(150)		463			(71)		(731)
Income before income taxes	(309)		1,929			3,081		4,614
Taxes on income (tax benefits)	(276)		324			(136)		1,977
Net income (loss)	(33)		1,605			3,217		2,637
Basic and diluted net income per share	$0.00		$0.07			$0.14		$0.11
Weighted average number of shares used in computing basic net income (loss) per share	23,331,653		23,326,653			23,331,653		23,326,653
Weighted average number of shares used in computing diluted  net income (loss) per share	23,626,234		23,316,885			23,459,946			23,311,721

 

 

SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS METRICS
(All numbers except EPS expressed in thousands of US$)
	Three Months Ended December 31,					Twelve Months Ended December 31,
	2025 %		2024 %			2025 %		2024 %
Gross margin	61.5		64.5			65.5		64.1
Research and development, net as a % of revenues	8.4		7.9			9.2		11.6
Selling and marketing as a % of revenues	29.4		25.5			26.5		25.2
General and administrative as a % of revenues	25.5		16.8			21.6		16.5
Operating margin	-		14.3			8.3		10.9
Net margin (loss)	-		15.7			8.8		7.4

 

 

SENSTAR TECHNOLOGIES CORPORATION
RECONCILIATION OF EBITDA TO NET INCOME (LOSS)
(All numbers expressed in thousands of US$)
	Three Months Ended December 31,					Twelve Months Ended December 31,
	2025		2024			2025		2024
GAAP income (loss)	(33)		1,605			3,217		2,637
Less:
Financial income (expenses), net	(150)		463			71		731
Taxes on income (tax benefits)	(276)		324			(136)		1,977
Depreciation and amortization	(175)		(181)			(676)		(733)
EBITDA	15		1,647			3,684		4,616

 

SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All numbers expressed in thousands of US$)
	December 31,		December 31,
	2025		2024
CURRENT ASSETS:
Cash and cash equivalents	$22,341		$20,466
Short-term bank deposits	127		111
Restricted cash and deposits	6		5
Trade receivables, net	9,840		10,306
Unbilled accounts receivable	219		228
Other accounts receivable and prepaid expenses	2,710		2,161
Inventories	5,591		4,957
Total current assets	40,834		38,234
Long term ASSETS:
Deferred tax assets	671		1,158
Operating lease right-of-use assets	549		528
Total long-term assets	1,220		1,686
PROPERTY AND EQUIPMENT, NET	1,622		1,328
INTANGIBLE ASSETS, NET	142		468
GOODWILL	10,850		10,360
Total assets	$54,668		$52,076

 

SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All numbers expressed in thousands of US$)
	December 31,		December 31,
	2025		2024
CURRENT LIABILITIES:
Trade payables	$1,889		$2,689
Deferred revenues and customer advances	2,884		3,044
Other accounts payable and accrued expenses	3,993		6,433
Short-term operating lease liabilities	269		254
Total current liabilities	9,035		12,420
LONG-TERM LIABILITIES:
Deferred revenues	1,510		1,171
Deferred tax liabilities	580		443
Long-term operating lease liabilities	289		296
Other long-term liabilities	38		70
Total long-term liabilities	2,417		1,980
SHAREHOLDERS' EQUITY
Share Capital: Common shares - 39,748,000 shares authorized -
No par value, 23,331,653 and 23,326,653 shares issued and outstanding at December 31, 2025 and at December 31, 2024, respectively	-		-
Additional paid-in capital	38,005		37,377
Accumulated other comprehensive income (loss)	(507)		(980)
Foreign currency translation adjustments (stand-alone financial statements)	9,664		8,442
Accumulated deficit	(3,946)		(7,163)
TOTAL SHAREHOLDERS' EQUITY	43,216		37,676
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$54,668		$52,076

 

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SOURCE Senstar Technologies Corporation

FAQ

What were Senstar (SNT) full-year 2025 financial highlights?

Senstar reported 2025 revenue of $36.4M, net income of $3.2M, and EBITDA of $3.7M. According to the company, cash and short-term deposits were $22.5M and the business had no debt as of December 31, 2025.

Why did Senstar (SNT) report a fourth-quarter 2025 loss?

Senstar posted a $33,000 net loss for Q4 2025 due to lower revenue and higher G&A costs. According to the company, U.S. government project delays and a non-recurring 2024 EMEA project timing reduced Q4 revenue.

How did Senstar (SNT) perform on margins in 2025?

Gross margin for 2025 was 65.5%, up from 64.1% in 2024, driven by product mix and efficiencies. According to the company, margin improvement reflected product redesign and better material purchase processes.

What is the impact of the Blickfeld acquisition on Senstar (SNT)?

Senstar closed the Blickfeld acquisition entering 2026 to enhance LiDAR capabilities and technology offerings. According to the company, the deal positions Senstar to pursue growth in high-growth LiDAR applications and adjacent verticals.

Will Senstar (SNT) discuss results with investors and how can I access it?

Senstar will hold an investor conference call on April 23, 2026 at 9:30 a.m. ET to discuss results. According to the company, participants can join via dial-in numbers or the live webcast listed on the company’s investor access page.