AmpliTech Group, Inc. (AMPG) Income Statement
AMPG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAMPG revenue and net income
Where AMPG's revenue goes
2025Each bar shows an amount and its share of revenue. AMPG kept −27.8% of revenue as net income.
AMPG profit margins
AMPG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +165.0% | +9.1% | +48.8% | +32.7% |
| Gross profit | +47.7% | −16.8% | +32.6% | +21.5% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AMPG quarterly EPS vs estimates
AmpliTech beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 13, 2026.
AMPG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.2M | $9.5M | $15.6M | $19.4M | $5.3M | $3.5M | $3.1M | $2.4M | $1.4M | $2.0M |
| Cost of revenue | $20.0M | $6.0M | $8.4M | $10.5M | $4.0M | $2.2M | $1.6M | $1.0M | $652,444 | $827,600 |
| Gross profit | $5.1M | $3.5M | $7.2M | $8.9M | $1.3M | $1.3M | $1.6M | $1.4M | $728,299 | $1.2M |
| Research & development | $2.7M | $3.6M | $2.3M | $1.0M | $1.8M | $61,953 | $56,507 | $42,941 | $68,447 | $35,369 |
| Sales, general & admin | $10.7M | $7.9M | $7.3M | $7.6M | $4.6M | $2.2M | $1.5M | $1.0M | $818,395 | $736,927 |
| Total operating expenses | $12.5M | $11.9M | $9.7M | $8.8M | $6.4M | $2.2M | $1.4M | $1.0M | $818,395 | $736,927 |
| Operating income | −$7.3M | −$8.4M | −$2.6M | $150,957 | −$5.1M | −$916,000 | $158,997 | $341,424 | −$90,096 | $471,916 |
| Interest expense | — | $292,195 | $19,281 | $13,013 | $42,806 | $109,613 | $76,052 | $12,431 | $6,953 | $15,628 |
| Income before taxes | −$7.0M | −$11.2M | −$2.4M | −$677,107 | −$4.8M | −$1.0M | $5,945 | $328,993 | −$97,049 | $456,288 |
| Income taxes | $13,000 | $15,000 | $24,000 | $813,445 | $297,889 | $109,613 | $76,052 | −$122,000 | $0 | $41,092 |
| Net income | −$7.0M | −$11.2M | −$2.5M | −$677,107 | −$4.8M | −$1.0M | $5,945 | $328,993 | −$97,049 | $456,288 |
| EBITDA | −$5.7M | −$7.4M | −$1.9M | $1.2M | −$4.5M | −$689,000 | $211,434 | $380,245 | −$63,233 | $500,775 |
| EPS (diluted) | −$0.33 | −$0.74 | −$0.27 | −$0.37 | −$0.56 | −$0.28 | −$0.18 | $0.08 | −$0.05 | $0.19 |
| Gross margin | 20.4% | 36.7% | 45.9% | 46.0% | 24.5% | 36.3% | 50.1% | 57.6% | 52.7% | 59.4% |
| Operating margin | −29.1% | −88.7% | −16.5% | 0.8% | −96.8% | −26.5% | 5.1% | 14.2% | −6.5% | 23.2% |
| Net margin | −27.8% | −118.2% | −15.8% | −3.5% | −90.2% | −29.7% | 0.2% | 13.7% | −7.0% | 22.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.1M | $5.3M | $4.5M | $6.1M | $11.0M | $3.6M | $1.9M | $2.8M | $2.5M | $2.3M | $4.0M | $3.4M |
| Cost of revenue | $5.8M | $2.8M | $3.9M | $3.4M | $10.2M | $2.4M | $1.7M | $1.5M | $1.5M | $1.4M | $2.0M | $1.9M |
| Gross profit | $2.3M | $2.6M | $599,539 | $2.6M | $862,878 | $1.2M | $197,461 | $1.3M | $1.1M | $882,630 | $2.0M | $1.5M |
| Research & development | $1.4M | $503,046 | $589,389 | $699,319 | $658,795 | $739,673 | $721,299 | $572,422 | $460,122 | $276,755 | $698,387 | $425,573 |
| Sales, general & admin | $4.1M | $3.7M | $3.7M | $2.5M | $2.1M | $2.3M | $1.8M | $1.9M | $2.2M | $2.0M | $1.8M | $2.0M |
| Total operating expenses | $5.4M | $4.2M | $3.9M | $2.9M | $2.8M | $3.1M | $4.5M | $2.4M | $2.6M | $2.3M | $4.5M | $2.4M |
| Operating income | −$3.2M | −$1.6M | −$3.3M | −$221,256 | −$1.9M | −$1.9M | −$4.3M | −$1.1M | −$1.6M | −$1.4M | −$523,071 | −$927,244 |
| Interest income | $58,272 | — | — | — | $29,193 | — | — | — | — | — | — | — |
| Interest expense | — | — | — | $32,867 | — | $49,497 | $178,723 | $100,945 | $8,184 | $4,343 | — | $750 |
| Income before taxes | −$3.1M | −$1.5M | −$3.2M | −$188,373 | −$1.8M | −$1.8M | −$3.8M | −$1.2M | −$1.6M | −$4.7M | −$499,003 | −$887,709 |
| Income taxes | — | — | $13,000 | — | — | — | $15,000 | — | −$1 | $24,000 | — | $110,827 |
| Net income | −$3.1M | −$1.5M | −$3.2M | −$188,373 | −$1.8M | −$1.8M | −$3.8M | −$1.2M | −$1.6M | −$4.7M | −$523,003 | −$887,709 |
| EBITDA | −$2.7M | −$989,323 | −$2.7M | $192,721 | −$1.5M | −$1.7M | −$3.7M | −$958,910 | −$1.4M | −$4.5M | — | −$757,663 |
| EPS (diluted) | −$0.12 | −$0.06 | −$0.14 | −$0.01 | −$0.09 | −$0.09 | −$0.32 | −$0.12 | −$0.16 | −$0.14 | −$0.06 | −$0.10 |
| Gross margin | 27.9% | 48.0% | 13.4% | 43.4% | 7.8% | 33.0% | 10.7% | 47.5% | 41.8% | 38.5% | 50.1% | 43.8% |
| Operating margin | −39.6% | −30.3% | −73.3% | −3.6% | −17.5% | −52.5% | −234.5% | −38.4% | −62.0% | −62.3% | −13.0% | −27.4% |
| Net margin | −38.3% | −28.4% | −71.6% | −3.1% | −16.1% | −51.1% | −206.2% | −42.0% | −62.4% | −203.0% | −13.0% | −26.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AMPG's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AMPG financial results
In fiscal year 2025 (ended December 31, 2025), AmpliTech reported revenue of $25.2 million, up 165.0% from the year before. It had a net loss of $7.0 million, a net profit margin of −27.8%. Diluted earnings per share came to −$0.33. Over five years revenue grew at an average rate of 48.8% a year.
See the AMPG stock overview for the latest quote and news, or the AMPG chart for price history and technical indicators.
AMPG income statement FAQ
What is AmpliTech's annual revenue?
AmpliTech reported total revenue of $25.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 165.0% from $9.5 million the previous year.
Is AmpliTech profitable?
No. AmpliTech reported a net loss of $7.0 million in fiscal 2025, a net profit margin of −27.8%; its operating margin was −29.1%.
What is AmpliTech's gross margin?
AmpliTech's gross margin was 20.4% in fiscal 2025: for every $100 of revenue, AmpliTech kept $20 after the direct cost of its products and services.
How much does AmpliTech spend on research and development?
AmpliTech spent $2.7 million on research and development in fiscal 2025, 10.7% of revenue.
How fast is AmpliTech growing?
Revenue grew 48.8% a year on average over the last five fiscal years, from $3.5 million to $25.2 million.
What are AmpliTech's earnings per share?
AmpliTech earned $-0.33 per diluted share in fiscal 2025, compared with $-0.74 a year earlier.
When will AmpliTech report its next earnings?
AmpliTech is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does AmpliTech's fiscal year end?
AmpliTech's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.