Comtech Telecommunications Corp. (CMTL) Income Statement
CMTL FY2026 at a glance
Fiscal year ended July 31, 2026 · U.S. dollarsCMTL revenue and net income
Where CMTL's revenue goes
FY2026Each bar shows an amount and its share of revenue. CMTL kept −14.5% of revenue as net income.
CMTL profit margins
CMTL growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −50.0% | −23.2% | −15.6% | −4.9% |
| Gross profit | −24.0% | −19.2% | −14.6% | −5.5% |
| 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.
CMTL quarterly EPS vs estimates
Comtech Telecommunications beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: December 10, 2026 (estimate $-0.17).
CMTL income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $249.6M | $499.5M | $540.4M | $550.0M | $486.2M | $581.7M | $616.7M | $671.8M | $570.6M | $550.4M |
| Cost of revenue | $152.4M | $371.7M | $383.2M | $365.5M | $306.4M | $367.7M | $389.9M | $424.4M | $346.6M | $332.2M |
| Gross profit | $97.2M | $127.9M | $157.2M | $184.5M | $179.8M | $214.0M | $226.8M | $247.4M | $223.9M | $218.2M |
| Research & development | $11.6M | $17.4M | $24.1M | $48.6M | $52.5M | $49.1M | $52.2M | $56.4M | $53.9M | $54.3M |
| Sales, general & admin | $87.9M | $143.5M | $123.2M | $120.0M | $114.9M | $111.8M | $128.6M | $128.6M | $113.9M | $116.1M |
| Total operating expenses | $115.4M | $267.0M | $237.1M | $199.1M | $213.6M | $282.3M | $211.7M | $203.4M | $188.9M | $193.2M |
| Operating income | −$18.2M | −$139.1M | −$79.9M | −$14.7M | −$33.8M | −$68.3M | $15.2M | $41.4M | $35.1M | $25.1M |
| Interest income | — | — | — | — | $703,000 | $139,000 | $190,000 | $35,000 | $254,000 | $68,000 |
| Interest expense | $21.3M | $45.8M | $22.8M | $16.2M | $5.0M | $6.8M | $6.1M | $9.3M | $10.4M | $11.6M |
| Income before taxes | −$17.4M | −$155.4M | −$100.3M | −$30.8M | −$37.1M | −$75.0M | $9.3M | $28.9M | $24.6M | $25.5M |
| Income taxes | $847,000 | −$80,000 | −$295,000 | −$3.9M | −$4.0M | −$1.5M | $2.3M | $3.9M | −$5.1M | $9.7M |
| Net income | −$36.2M | −$155.3M | −$100.0M | −$26.9M | −$33.1M | −$73.5M | $7.0M | $25.0M | $29.8M | $15.8M |
| EBITDA | $28.4M | −$76.1M | −$44.1M | $18.7M | −$334,000 | −$37.8M | $47.5M | $68.4M | $69.8M | $62.2M |
| EPS (diluted) | −$0.66 | −$2.09 | −$0.06 | $0.47 | −$0.38 | $0.94 | $0.73 | $1.29 | $1.24 | $0.67 |
| Gross margin | 38.9% | 25.6% | 29.1% | 33.5% | 37.0% | 36.8% | 36.8% | 36.8% | 39.2% | 39.6% |
| Operating margin | −7.3% | −27.8% | −14.8% | −2.7% | −6.9% | −11.7% | 2.5% | 6.2% | 6.1% | 4.6% |
| Net margin | −14.5% | −31.1% | −18.5% | −4.9% | −6.8% | −12.6% | 1.1% | 3.7% | 5.2% | 2.9% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $106.0M | $106.8M | $111.0M | $130.4M | $126.8M | $126.6M | $115.8M | $126.2M | $128.1M | $134.2M | $151.9M |
| Cost of revenue | −$69.6M | $67.2M | $75.6M | $79.3M | $89.7M | $87.8M | $92.8M | $101.3M | $104.3M | $94.4M | $96.3M | $104.0M |
| Gross profit | −$4.6M | $38.8M | $31.2M | $31.7M | $40.7M | $38.9M | $33.7M | $14.5M | $21.9M | $33.7M | $37.9M | $47.9M |
| Research & development | $1.9M | $5.2M | $4.4M | $3.8M | $4.9M | $4.4M | $4.4M | $3.7M | $3.7M | $5.7M | $6.8M | $7.8M |
| Sales, general & admin | — | $29.3M | $27.7M | $29.9M | $27.8M | $30.2M | $33.8M | $51.6M | $31.5M | $28.7M | $30.3M | $32.7M |
| Total operating expenses | $12.5M | $39.1M | $30.4M | $33.3M | $127.5M | $40.5M | $44.0M | $143.7M | $31.9M | $31.7M | $34.4M | $45.8M |
| Operating income | −$17.1M | −$310,000 | $771,000 | −$1.6M | $2.9M | −$1.5M | −$10.3M | −$129.2M | −$10.0M | $2.0M | $3.5M | $2.1M |
| Interest income | — | — | $208,000 | $223,000 | — | $509,000 | $126,000 | — | — | — | — | $65,000 |
| Interest expense | $13.0M | $11.5M | $11.2M | $11.6M | $12.4M | $12.9M | $11.0M | $9.5M | $6.2M | $5.6M | $6.2M | $4.9M |
| Income before taxes | $13.8M | −$2.2M | −$13.6M | −$15.4M | $8.5M | $32.1M | −$49.7M | −$146.3M | −$91.7M | −$2.6M | −$3.2M | −$2.8M |
| Income taxes | −$880,000 | $1.3M | $17,000 | $442,000 | — | −$1.8M | −$968,000 | $2.1M | −$934,000 | −$5.4M | $7.4M | −$1.3M |
| Net income | −$3.2M | −$3.5M | −$13.6M | −$15.9M | $7.9M | $33.9M | −$48.7M | −$148.4M | −$77.1M | $2.8M | −$24.2M | −$1.4M |
| EBITDA | $11.3M | $7.4M | $5.6M | $4.2M | $29.3M | $52.8M | −$30.9M | −$126.6M | −$76.5M | $11.4M | $10.3M | $10.5M |
| EPS (diluted) | −$0.04 | −$0.26 | −$0.18 | −$0.18 | −$0.25 | −$0.18 | −$0.39 | −$1.27 | −$0.35 | $0.20 | −$0.15 | $0.24 |
| Gross margin | — | 36.6% | 29.2% | 28.6% | 31.2% | 30.7% | 26.7% | 12.5% | 17.3% | 26.3% | 28.2% | 31.5% |
| Operating margin | — | −0.3% | 0.7% | −1.4% | 2.2% | −1.2% | −8.1% | −111.5% | −8.0% | 1.5% | 2.6% | 1.4% |
| Net margin | — | −3.3% | −12.8% | −14.3% | 6.1% | 26.8% | −38.5% | −128.2% | −61.1% | 2.2% | −18.0% | −0.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CMTL's financial statements (latest annual report filed October 14, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CMTL financial results
In fiscal year 2026 (ended July 31, 2026), Comtech Telecommunications reported revenue of $249.6 million, down 50.0% from the year before. It had a net loss of $36.2 million, a net profit margin of −14.5%. Diluted earnings per share came to −$0.66. Over five years revenue grew at an average rate of −15.6% a year.
See the CMTL stock overview for the latest quote and news, or the CMTL chart for price history and technical indicators.
CMTL income statement FAQ
What is Comtech Telecommunications's annual revenue?
Comtech Telecommunications reported total revenue of $249.6 million for fiscal year 2026, which ended on July 31, 2026. That was down 50.0% from $499.5 million the previous year.
Is Comtech Telecommunications profitable?
No. Comtech Telecommunications reported a net loss of $36.2 million in fiscal 2026, a net profit margin of −14.5%; its operating margin was −7.3%.
What is Comtech Telecommunications's gross margin?
Comtech Telecommunications's gross margin was 38.9% in fiscal 2026: for every $100 of revenue, Comtech Telecommunications kept $39 after the direct cost of its products and services.
How much does Comtech Telecommunications spend on research and development?
Comtech Telecommunications spent $11.6 million on research and development in fiscal 2026, 4.6% of revenue.
How fast is Comtech Telecommunications growing?
Revenue grew −15.6% a year on average over the last five fiscal years, from $581.7 million to $249.6 million.
What are Comtech Telecommunications's earnings per share?
Comtech Telecommunications earned $-0.66 per diluted share in fiscal 2026, compared with $-2.09 a year earlier.
When will Comtech Telecommunications report its next earnings?
Comtech Telecommunications is expected to report results for the quarter ending October 31, 2026 on December 10, 2026 after the market closes.
When does Comtech Telecommunications's fiscal year end?
Comtech Telecommunications's fiscal year ends in July. The latest annual report covers the year ended July 31, 2026 and was filed on October 14, 2026.