Genasys Inc. (GNSS) Income Statement
GNSS FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsGNSS revenue and net income
Where GNSS's revenue goes
FY2025Each bar shows an amount and its share of revenue. GNSS kept −44.4% of revenue as net income.
GNSS profit margins
GNSS growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +69.8% | −9.0% | −1.1% | +9.3% |
| Gross profit | +66.4% | −14.7% | −5.6% | +7.1% |
| 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.
GNSS quarterly EPS vs estimates
Genasys beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: December 8, 2026 (estimate $0.00).
GNSS income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.8M | $24.0M | $46.7M | $54.0M | $47.0M | $43.0M | $37.0M | $26.3M | $20.3M | $16.4M |
| Cost of revenue | $23.8M | $13.8M | $24.9M | $26.8M | $23.6M | $20.4M | $18.5M | $13.6M | $10.0M | $8.7M |
| Gross profit | $17.0M | $10.2M | $21.8M | $27.3M | $23.4M | $22.6M | $18.5M | $12.7M | $10.3M | $7.7M |
| Research & development | $8.1M | $9.6M | $8.1M | $7.0M | $4.9M | $4.6M | $4.5M | $3.5M | $2.5M | $2.4M |
| Sales, general & admin | $25.7M | $27.3M | $24.6M | $21.7M | $17.4M | $12.0M | $10.8M | $10.7M | $8.6M | $6.9M |
| Total operating expenses | $33.8M | $36.9M | $32.7M | $42.8M | $22.3M | $16.6M | $15.3M | $14.2M | $11.1M | $9.3M |
| Operating income | −$16.8M | −$26.7M | −$11.0M | −$15.5M | $1.1M | $6.0M | $3.1M | −$1.5M | −$807,740 | −$1.6M |
| Interest income | $285,000 | $237,000 | — | — | — | — | $84,650 | $20,950 | — | — |
| Interest expense | $1.6M | $603,000 | — | $23.0M | $2.3M | $1.5M | $1.0M | $0 | $0 | $0 |
| Income before taxes | −$18.0M | −$32.1M | −$11.0M | −$15.5M | $1.1M | $6.2M | $3.4M | −$1.4M | −$679,154 | −$1.5M |
| Income taxes | $119,000 | −$405,000 | $7.4M | $741,000 | $434,000 | −$5.7M | $572,000 | $2.4M | $197,600 | −$186,160 |
| Net income | −$18.1M | −$31.7M | −$18.4M | −$16.2M | $704,000 | $11.9M | $2.8M | −$3.7M | −$876,754 | −$1.3M |
| EBITDA | −$12.9M | −$27.8M | −$7.7M | $933,000 | $3.4M | $7.4M | $4.0M | −$992,913 | −$654,457 | −$1.4M |
| EPS (diluted) | −$0.40 | −$0.72 | −$0.30 | −$0.09 | $0.02 | $0.34 | $0.09 | −$0.03 | −$0.03 | −$0.04 |
| Gross margin | 41.6% | 42.4% | 46.6% | 50.5% | 49.8% | 52.6% | 49.9% | 48.4% | 50.6% | 46.9% |
| Operating margin | −41.2% | −111.3% | −23.5% | −28.7% | 2.3% | 14.0% | 8.5% | −5.6% | −4.0% | −9.7% |
| Net margin | −44.4% | −132.2% | −39.4% | −30.0% | 1.5% | 27.6% | 7.5% | −14.2% | −4.3% | −7.8% |
| 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 | $7.3M | $15.5M | $17.1M | $17.0M | $9.9M | $6.9M | $6.9M | $6.7M | $7.2M | $5.7M | $4.4M | $10.7M |
| Cost of revenue | $3.1M | $5.7M | $8.9M | $8.5M | $7.3M | $4.3M | $3.8M | $4.0M | $3.4M | $3.6M | $2.9M | $5.4M |
| Gross profit | $4.2M | $9.8M | $8.2M | $8.6M | $2.6M | $2.6M | $3.2M | $2.7M | $3.8M | $2.2M | $1.5M | $5.3M |
| Research & development | $2.1M | $2.3M | $1.9M | $1.5M | $2.1M | $2.2M | $2.3M | $2.4M | $2.5M | $2.5M | $2.2M | $1.8M |
| Sales, general & admin | $6.1M | $6.2M | $6.6M | $5.8M | $6.4M | $6.6M | $6.8M | $7.5M | $6.6M | $6.6M | $6.5M | $6.2M |
| Total operating expenses | $8.2M | $8.5M | $8.5M | $7.3M | $8.4M | $8.9M | $9.1M | $9.9M | $9.1M | $9.2M | $8.7M | $7.9M |
| Operating income | −$4.0M | $1.3M | −$352,000 | $1.3M | −$5.8M | −$6.3M | −$5.9M | −$7.1M | −$5.4M | −$7.0M | −$7.2M | −$2.6M |
| Interest income | $102,000 | $12,000 | $7,000 | — | $15,000 | $37,000 | $62,000 | — | — | — | — | — |
| Interest expense | $488,000 | $325,000 | $435,000 | $451,000 | $406,000 | $350,000 | $368,000 | — | — | — | — | $5,000 |
| Income before taxes | −$4.6M | $868,000 | −$692,000 | −$1.4M | −$6.5M | −$6.1M | −$4.1M | −$11.3M | −$6.7M | −$6.9M | −$7.2M | −$2.6M |
| Income taxes | $59,000 | $145,000 | $125,000 | $39,000 | $8,000 | $71,000 | — | $71,000 | −$42,000 | −$5,000 | −$429,000 | $7.4M |
| Net income | −$4.7M | $723,000 | −$817,000 | −$1.4M | −$6.5M | −$6.1M | −$4.1M | −$11.4M | −$6.7M | −$6.9M | −$6.7M | −$10.1M |
| EBITDA | −$3.0M | $2.1M | $630,000 | −$56,000 | −$5.2M | −$5.2M | −$3.1M | −$10.4M | −$5.8M | −$6.0M | −$6.2M | −$1.8M |
| EPS (diluted) | −$0.10 | $0.02 | −$0.02 | −$0.03 | −$0.14 | −$0.14 | −$0.09 | −$0.26 | −$0.15 | −$0.16 | −$0.15 | −$0.07 |
| Gross margin | 57.1% | 63.3% | 48.0% | 50.3% | 26.3% | 37.7% | 45.8% | 40.8% | 52.8% | 37.9% | 33.9% | 49.6% |
| Operating margin | −55.3% | 8.3% | −2.1% | 7.7% | −58.6% | −90.2% | −85.6% | −105.8% | −74.8% | −121.9% | −165.8% | −24.7% |
| Net margin | −64.1% | 4.7% | −4.8% | −8.3% | −65.8% | −88.6% | −58.8% | −168.9% | −93.2% | −120.9% | −154.2% | −94.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GNSS's financial statements (latest annual report filed December 15, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GNSS financial results
In fiscal year 2025 (ended September 30, 2025), Genasys reported revenue of $40.8 million, up 69.8% from the year before. It had a net loss of $18.1 million, a net profit margin of −44.4%. Diluted earnings per share came to −$0.40. Over five years revenue grew at an average rate of −1.1% a year.
See the GNSS stock overview for the latest quote and news, or the GNSS chart for price history and technical indicators.
GNSS income statement FAQ
What is Genasys's annual revenue?
Genasys reported total revenue of $40.8 million for fiscal year 2025, which ended on September 30, 2025. That was up 69.8% from $24.0 million the previous year.
Is Genasys profitable?
No. Genasys reported a net loss of $18.1 million in fiscal 2025, a net profit margin of −44.4%; its operating margin was −41.2%.
What is Genasys's gross margin?
Genasys's gross margin was 41.6% in fiscal 2025: for every $100 of revenue, Genasys kept $42 after the direct cost of its products and services.
How much does Genasys spend on research and development?
Genasys spent $8.1 million on research and development in fiscal 2025, 19.9% of revenue.
How fast is Genasys growing?
Revenue grew −1.1% a year on average over the last five fiscal years, from $43.0 million to $40.8 million.
What are Genasys's earnings per share?
Genasys earned $-0.40 per diluted share in fiscal 2025, compared with $-0.72 a year earlier.
When will Genasys report its next earnings?
Genasys is expected to report results for the quarter ending September 30, 2026 on December 8, 2026 after the market closes.
When does Genasys's fiscal year end?
Genasys's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on December 15, 2025.