Hitek Global Inc. (HKIT) Income Statement
HKIT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHKIT revenue and net income
Where HKIT's revenue goes
2025Each bar shows an amount and its share of revenue. HKIT kept 2.8% of revenue as net income.
HKIT profit margins
HKIT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +125.0% | +0.6% | +2.4% | — |
| Gross profit | −31.4% | −42.0% | −26.3% | — |
| Operating income | — | — | — | — |
| Net income | — | −49.7% | −36.1% | — |
| EPS (diluted) | — | −76.0% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HKIT quarterly EPS vs estimates
Hitek Global beat the analyst EPS estimate in 1 of the last 3 quarters.
HKIT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M | $2.9M | $4.6M | $6.4M | $6.5M | $5.8M | $6.9M | $6.9M | $6.9M | $6.9M |
| Cost of revenue | $5.8M | $1.9M | $2.6M | $2.9M | $2.6M | $2.6M | $3.2M | $3.0M | $3.2M | $5.0M |
| Gross profit | $690,471 | $1.0M | $1.9M | $3.5M | $3.9M | $3.2M | $3.7M | $3.9M | $3.7M | $1.9M |
| Research & development | — | — | $38,221 | $42,052 | $43,661 | $35,904 | $25,322 | $26,833 | $24,162 | $23,911 |
| Sales, general & admin | $2.5M | $2.8M | $1.8M | $1.5M | $1.7M | $1.4M | $1.6M | $979,415 | $999,718 | $1.3M |
| Total operating expenses | $2.5M | $2.8M | $1.8M | $1.9M | $1.8M | $1.4M | $1.6M | $1.1M | $1.1M | $1.4M |
| Operating income | −$1.8M | −$1.7M | $101,061 | $1.6M | $2.1M | $1.8M | $2.2M | $2.8M | $2.6M | $413,200 |
| Interest income | $843,346 | $921,228 | $911,875 | $545,555 | $10,515 | — | — | — | — | — |
| Interest expense | $308,870 | $313,937 | $313,861 | $285,353 | $205,168 | $201,934 | $4,839 | $4,676 | $4,024 | — |
| Income before taxes | $128,707 | −$856,943 | $1.6M | $1.9M | $2.2M | $2.0M | $2.4M | $2.7M | $2.6M | $485,319 |
| Income taxes | −$51,435 | $39,747 | $546,885 | $453,218 | $542,853 | $269,242 | $339,178 | $472,695 | $498,608 | $105,298 |
| Net income | $180,142 | −$896,690 | $1.0M | $1.4M | $1.7M | $1.7M | $2.0M | $2.2M | $2.1M | $380,021 |
| EBITDA | $731,768 | −$283,452 | $2.0M | $2.2M | $2.6M | $2.1M | $2.6M | $2.9M | $2.6M | $444,782 |
| EPS (diluted) | $1.57 | −$41.71 | $91.10 | $113.26 | $133.55 | — | $161.52 | $0.10 | — | $31.67 |
| Gross margin | 10.6% | 34.6% | 42.1% | 55.0% | 60.1% | 54.6% | 54.0% | 56.1% | 53.4% | 26.9% |
| Operating margin | −27.4% | −60.1% | 2.2% | 25.3% | 32.6% | 30.2% | 31.6% | 40.6% | 37.7% | 6.0% |
| Net margin | 2.8% | −30.9% | 23.0% | 22.0% | 25.8% | 29.1% | 29.1% | 32.1% | 31.0% | 5.5% |
| Mar '26 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8M | $741,541 | $535,680 | $1.1M | $535,680 | $1.8M | $916,795 | $1.6M | $807,808 | $2.9M | $1.5M | $3.6M |
| Cost of revenue | $5.4M | $713,450 | $509,443 | $1.0M | $509,443 | $880,180 | $440,090 | $1.2M | $596,828 | $1.4M | $724,418 | $1.9M |
| Gross profit | $368,189 | $28,091 | $26,238 | $52,475 | $26,238 | $953,410 | $476,705 | $421,960 | $210,980 | $1.5M | $749,640 | $1.7M |
| Research & development | — | — | — | — | — | — | $9,312 | $18,624 | $9,312 | $19,597 | $9,799 | $17,017 |
| Sales, general & admin | — | — | $722,011 | $1.4M | $722,011 | $1.3M | $662,632 | $828,277 | $414,139 | $991,579 | $495,627 | $685,535 |
| Total operating expenses | $812,021 | $1.4M | $713,882 | $1.4M | $713,882 | $1.3M | $662,632 | $828,600 | $205,673 | $991,580 | $421,967 | $831,448 |
| Operating income | −$443,832 | −$1.3M | −$1.4M | −$1.4M | −$687,645 | −$371,854 | −$185,927 | −$406,640 | −$203,320 | $507,700 | $253,851 | $865,473 |
| Interest expense | $155,821 | $153,049 | $159,922 | — | $154,015 | $154,015 | $153,542 | $307,084 | $160,319 | $160,319 | $3,588 | — |
| Income before taxes | $1.1M | −$1.0M | −$1.1M | −$1.1M | −$574,592 | $292,239 | $146,120 | $646,610 | $323,305 | $947,915 | $473,958 | $983,186 |
| Income taxes | $49,447 | −$100,882 | −$130,830 | −$130,830 | $65,415 | $170,577 | $85,289 | $220,944 | $110,472 | $325,941 | $162,971 | $205,868 |
| Net income | $1.1M | −$916,109 | −$509,175 | −$1.0M | −$509,175 | $121,662 | $60,831 | $425,667 | $212,834 | $621,974 | $310,987 | $777,318 |
| EBITDA | $1.4M | −$718,167 | −$617,258 | −$1.0M | −$617,258 | $565,033 | −$126,537 | $989,171 | −$185,582 | $1.1M | $261,444 | $993,700 |
| EPS (diluted) | — | −$0.03 | −$0.04 | — | $0.01 | — | — | — | — | — | — | — |
| Gross margin | 6.4% | 3.8% | 4.9% | 4.9% | 4.9% | 52.0% | 52.0% | 26.1% | 26.1% | 50.9% | 50.9% | 47.5% |
| Operating margin | −7.7% | −181.7% | −256.7% | −128.4% | −128.4% | −20.3% | −20.3% | −25.2% | −25.2% | 17.2% | 17.2% | 24.2% |
| Net margin | 18.9% | −123.5% | −95.1% | −95.1% | −95.1% | 6.6% | 6.6% | 26.3% | 26.3% | 21.1% | 21.1% | 21.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HKIT's financial statements (latest annual report filed April 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HKIT financial results
In fiscal year 2025 (ended December 31, 2025), Hitek Global reported revenue of $6.5 million, up 125.0% from the year before. It had net income of $0.2 million, a net profit margin of 2.8%. Diluted earnings per share came to $1.57. Over five years revenue grew at an average rate of 2.4% a year.
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HKIT income statement FAQ
What is Hitek Global's annual revenue?
Hitek Global reported total revenue of $6.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 125.0% from $2.9 million the previous year.
Is Hitek Global profitable?
Yes. Hitek Global reported net income of $0.2 million in fiscal 2025, a net profit margin of 2.8%; its operating margin was −27.4%.
What is Hitek Global's gross margin?
Hitek Global's gross margin was 10.6% in fiscal 2025: for every $100 of revenue, Hitek Global kept $11 after the direct cost of its products and services.
How fast is Hitek Global growing?
Revenue grew 2.4% a year on average over the last five fiscal years, from $5.8 million to $6.5 million.
What are Hitek Global's earnings per share?
Hitek Global earned $1.57 per diluted share in fiscal 2025, compared with $-41.71 a year earlier.
When does Hitek Global's fiscal year end?
Hitek Global's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 24, 2026.