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Senstar Technologies (NASDAQ: SNT) posts 2025 profit but weaker Q4

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Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Senstar Technologies reported modest full-year growth for 2025 but a weaker fourth quarter. Full-year revenue was $36.4 million, up 2% from 2024, with gross profit of $23.8 million and gross margin improving to 65.5%. Net income rose to $3.2 million, or $0.14 per share, compared with $2.6 million, or $0.11 per share, and EBITDA was $3.7 million.

Operating expenses increased 9% to $20.8 million, mainly from general and administrative costs tied to the Blickfeld acquisition and closing a foreign entity. Cash, cash equivalents and short-term deposits were $22.5 million as of December 31, 2025, up from $20.6 million a year earlier.

In the fourth quarter, revenue declined 14% to $8.8 million, driven by delays in U.S. Government projects and the absence of a large 2024 European project, partly offset by strong growth in Canada and APAC. The company posted a small net loss of $33,000, near breakeven on a per-share basis, with EBITDA of $15,000 as higher general and administrative expenses weighed on results.

Positive

  • None.

Negative

  • None.

Insights

Solid 2025 profitability but a soft Q4 and higher costs.

Senstar Technologies delivered stable full-year performance in 2025, with revenue of $36.4M up slightly year over year and gross margin improving to 65.5%. Net income increased to $3.2M, indicating the core business remained profitable.

However, Q4 revenue fell 14% to $8.8M, producing an operating loss of $159K and EBITDA of only $15K. Management links this mainly to delayed Government projects and the absence of a large, non-recurring 2024 project, plus higher general and administrative expenses related to the Blickfeld acquisition.

The balance sheet shows cash and short-term deposits of $22.5M as of December 31, 2025, up from $20.6M. Management highlights starting 2026 with the Blickfeld acquisition closed and sees opportunities in LiDAR, Data Centers and Energy verticals; actual impact will depend on converting the reported pipeline into revenue in future periods.

Full-year revenue $36.4M Year ended December 31, 2025; up 2% vs 2024
Full-year net income $3.2M 2025; $2.6M in 2024
Full-year EBITDA $3.7M 2025; $4.6M in 2024
Q4 2025 revenue $8.8M Three months ended December 31, 2025; down 14% YoY
Q4 2025 net income (loss) -$33K Three months ended December 31, 2025
Cash and short-term deposits $22.5M As of December 31, 2025
Full-year gross margin 65.5% Year ended December 31, 2025; 64.1% in 2024
Operating expenses $20.8M Year ended December 31, 2025; up 9% vs 2024
EBITDA financial
"EBITDA for 2025 was $3.7 million versus $4.6 million in 2024."
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.
gross margin financial
"Gross profit was $23.8 million with gross margin of 65.5%, compared with $22.9 million, or 64.1% gross margin in 2024."
Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.
operating income financial
"Operating income for 2025 was $3.0 million compared to operating income of $3.9 million in the year-ago period."
Operating income is the profit a company earns from its regular business activities after subtracting the costs directly related to running the business, such as wages, rent, and supplies. It shows how well the core operations are performing, ignoring income or expenses from non-regular activities like investments or one-time events. Investors use it to assess the company's efficiency and profitability from its main work.
deferred revenues financial
"Deferred revenues and customer advances 2,884 ... Deferred revenues 1,510"
Deferred revenues are cash a company has received up front for goods or services it has not yet delivered; the company records this as a promise to fulfill an obligation later rather than as current earned sales. Investors care because deferred revenues show how much future work a firm must complete before that cash counts as profit, similar to buying a prepaid subscription or gift card that the seller still needs to honor.
goodwill financial
"GOODWILL 10,850 10,360"
Goodwill is the extra value a buyer pays for a company above the measurable worth of its buildings, inventory and other tangible items, reflecting things like brand reputation, customer loyalty and expected future profits. Think of paying more for a café because of its famous name and regulars rather than its furniture alone. It matters to investors because changes in goodwill — for example a write-down if expected benefits don’t materialize — can reduce reported earnings and signal that past acquisitions aren’t delivering as hoped.
accumulated deficit financial
"Accumulated deficit (3,946) (7,163)"
Accumulated deficit is the running total of a company’s past net losses minus any profits, showing how much the business has eaten into its own funds over time—think of it like a bank account that’s been overdrawn by repeated shortfalls. It matters to investors because a large accumulated deficit reduces the cushion that protects owners and creditors, can limit dividends or borrowing, and signals how much funding the company may need to reach profitability.


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the Month of April 2026

Commission File Number 001-41980

Senstar Technologies Corporation
(Translation of registrant’s name into English)

119 John Cavanaugh Drive, Ottawa, Ontario
Canada, K0A 1L0
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒          Form 40-F ☐


Senstar Technologies Corporation

EXPLANATORY NOTE

The following exhibit is attached:

99.1
Press Release: Senstar Technologies Corporation Reports Fourth Quarter 2025 Financial Results on April 23, 2026.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Senstar Technologies Corporation

By: /s/ Alicia Kelly
Name: Alicia Kelly
Title: Chief Financial Officer

Date: April 23, 2026


EXHIBIT INDEX

EXHIBIT NO.
DESCRIPTION
   
99.1
Press Release: Senstar Technologies Corporation Reports Fourth Quarter 2025 Financial Results on April 23, 2026.



Exhibit 99.1

Senstar Technologies Corporation
   
119 John Cavanaugh Drive
 
T: +1-613-839-5572
Ottawa, ON
   
Canada K0A 1L0
 
www.senstar.com

Senstar Technologies Corporation
Reports Fourth Quarter 2025 Financial Results

Ottawa, Ontario, 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.
 
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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
 
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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: IR Contact:
Senstar Technologies Corporation Hayden IR
Alicia Kelly, Corbin Woodhull,
Chief Financial Officer Managing Director
Alicia.Kelly@senstar.com Corbin@HaydenIR.com

+1-602-476-1821

-- Tables follow –

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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
         

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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
 

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SENSTAR TECHNOLOGIES CORPORATION
 RECONCILIATION OF EBITDA TO NET INCOME (LOSS)
(All numbers expressed in thousands of US$)

   
Three Months
Ended December 31,
   
Twelve
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
 

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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
 

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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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FAQ

How did Senstar Technologies (SNT) perform financially in full-year 2025?

Senstar generated $36.4 million in revenue in 2025, up 2% from 2024, with gross margin improving to 65.5%. Net income rose to $3.2 million, or $0.14 per share, compared with $2.6 million, or $0.11 per share, in 2024.

What were Senstar Technologies’ (SNT) fourth quarter 2025 results?

In Q4 2025, Senstar reported $8.8 million in revenue, a 14% decline from $10.2 million a year earlier. The company recorded a small net loss of $33,000, near breakeven per share, and EBITDA of $15,000, down sharply from $1.6 million.

How did margins and operating expenses change for Senstar (SNT) in 2025?

Full-year 2025 gross margin improved to 65.5% from 64.1% in 2024, reflecting product mix and efficiency gains. Operating expenses rose 9% to $20.8 million, driven primarily by higher general and administrative costs related to the Blickfeld acquisition and a foreign entity closing.

What is Senstar Technologies’ (SNT) cash position at year-end 2025?

As of December 31, 2025, Senstar held $22.5 million in cash, cash equivalents and short-term bank deposits, up from $20.6 million a year earlier. This represents $0.96 per share, compared with $0.88 per share as of December 31, 2024.

How did the Blickfeld acquisition affect Senstar’s (SNT) 2025 results?

Senstar noted that 2025 operating expenses increased mainly due to general and administrative costs associated with the Blickfeld transaction and closing a foreign entity. In Q4 2025 alone, general and administrative expenses included about $0.4 million in consulting and closing costs related to Blickfeld.

What explains Senstar Technologies’ (SNT) Q4 2025 revenue decline?

Senstar attributed the 14% year-over-year Q4 2025 revenue decline primarily to delays in U.S. Government projects and the absence of a large, non-recurring European project from 2024. These headwinds were partially offset by 110% growth in Canada and 21% growth in APAC during the quarter.

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