FST Corp. (KBSX) Income Statement
KBSX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKBSX revenue and net income
Where KBSX's revenue goes
2025Each bar shows an amount and its share of revenue. KBSX kept −3.1% of revenue as net income.
KBSX profit margins
KBSX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +31.4% | −1.2% | +11.7% | +14.6% |
| Gross profit | +31.3% | −8.1% | +10.1% | +16.2% |
| 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.
KBSX quarterly EPS vs estimates
FST beat the analyst EPS estimate in 0 of the last 3 quarters. Next report: November 17, 2026 (estimate $0.00).
KBSX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.0M | $36.5M | $28.7M | $49.8M | $38.9M | $27.6M | $22.3M | $19.0M | $18.8M | $12.7M |
| Cost of revenue | $27.3M | $20.8M | $15.3M | $23.2M | $22.1M | $14.9M | $11.4M | $10.3M | $9.8M | $8.0M |
| Gross profit | $20.6M | $15.7M | $13.4M | $26.6M | $16.8M | $12.7M | $10.9M | $8.7M | $9.0M | $4.7M |
| Research & development | $1.5M | $1.3M | $1.5M | $1.5M | $1.5M | $1.3M | $1.1M | $1.1M | $851,800 | $409,389 |
| Sales, general & admin | $21.5M | $18.1M | $15.0M | $14.8M | $12.1M | $10.1M | $8.7M | $7.0M | $6.2M | $4.2M |
| Total operating expenses | $23.0M | $19.4M | $16.6M | $16.3M | $13.7M | $11.4M | $9.8M | $8.1M | $7.1M | $4.6M |
| Operating income | −$2.3M | −$3.6M | −$3.1M | $10.3M | $3.1M | $1.4M | $1.2M | $620,548 | $1.9M | $85,327 |
| Interest expense | $845,401 | $543,328 | $14,703 | $52,695 | — | $236,000 | $45,456 | — | $57,859 | $23,503 |
| Income before taxes | −$2.2M | −$2.8M | −$2.9M | $12.5M | $3.4M | $1.1M | $1.1M | $883,077 | $1.2M | −$167,421 |
| Income taxes | −$729,907 | $456,246 | −$751,071 | $3.1M | $1.1M | $251,093 | $353,695 | $100,163 | $291,013 | $79,721 |
| Net income | −$1.5M | −$3.2M | −$2.2M | $9.4M | $2.3M | $841,910 | $768,311 | $782,914 | $894,614 | −$247,142 |
| EBITDA | $2.1M | $458,628 | $975,169 | $13.8M | $4.3M | $2.4M | $2.1M | $1.6M | $2.6M | $697,008 |
| EPS (diluted) | −$0.32 | −$0.47 | −$0.14 | $0.75 | −$0.01 | $0.02 | $0.01 | $0.01 | $0.02 | — |
| Gross margin | 43.0% | 43.1% | 46.8% | 53.4% | 43.2% | 46.1% | 49.0% | 45.8% | 47.8% | 37.1% |
| Operating margin | −4.9% | −10.0% | −10.9% | 20.7% | 8.1% | 4.9% | 5.2% | 3.3% | 10.1% | 0.7% |
| Net margin | −3.1% | −8.9% | −7.5% | 18.8% | 6.0% | 3.0% | 3.4% | 4.1% | 4.8% | −1.9% |
| 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 | $12.6M | $14.6M | $13.2M | $12.6M | $11.4M | $10.8M | $10.1M | $8.5M | $8.9M | $8.9M | $8.1M | $8.1M |
| Cost of revenue | $6.5M | $7.1M | $7.7M | $7.6M | $6.2M | $5.8M | $5.5M | $5.2M | $5.0M | $5.0M | $4.5M | $4.5M |
| Gross profit | $6.0M | $7.6M | $5.5M | $4.9M | $5.3M | $5.0M | $4.7M | $3.3M | $3.9M | $3.9M | $3.5M | $3.5M |
| Research & development | $415,092 | $393,372 | $397,640 | $342,679 | $347,693 | $352,680 | $296,948 | $339,700 | $330,161 | $330,161 | $365,549 | $365,549 |
| Sales, general & admin | $5.3M | $5.0M | $6.0M | $5.5M | $5.6M | $5.4M | $6.0M | $4.3M | $3.9M | $3.9M | $3.9M | $3.9M |
| Total operating expenses | $5.8M | $5.4M | $6.4M | $5.9M | $5.9M | $5.8M | $11.8M | $4.6M | $4.2M | $4.2M | $4.3M | $4.3M |
| Operating income | $259,899 | $2.2M | −$922,233 | −$946,709 | −$689,488 | −$839,759 | −$1.7M | −$1.3M | −$322,113 | −$322,113 | −$708,354 | −$708,354 |
| Interest expense | — | $226,416 | — | $231,789 | $201,246 | $201,246 | — | — | — | — | — | — |
| Income before taxes | −$763,801 | $2.4M | −$375,665 | −$493,022 | −$3.2M | −$2.6M | −$1.2M | −$1.8M | $122,534 | $122,534 | −$1.0M | −$1.0M |
| Income taxes | $282,578 | $507,390 | $244,887 | $222,933 | −$128,747 | $205,983 | — | −$66,768 | $83,725 | $83,725 | −$378,127 | −$378,128 |
| Net income | −$1.0M | $1.9M | −$616,457 | −$672,771 | −$3.0M | −$2.8M | −$1.6M | −$1.8M | $38,809 | $38,809 | −$636,682 | −$636,683 |
| EBITDA | $811,575 | $2.7M | −$439,215 | −$463,690 | −$206,469 | −$356,740 | — | −$871,740 | $125,725 | $125,725 | −$358,847 | −$358,848 |
| EPS (diluted) | −$0.01 | $0.04 | −$0.01 | −$0.02 | −$0.13 | −$0.16 | −$0.41 | $0.03 | $0.02 | −$0.10 | −$0.49 | $0.11 |
| Gross margin | 47.9% | 51.6% | 41.6% | 39.2% | 46.0% | 46.1% | 46.0% | 38.8% | 43.4% | 43.4% | 44.0% | 44.0% |
| Operating margin | 2.1% | 14.9% | −7.0% | −7.5% | −6.0% | −7.8% | −16.6% | −15.5% | −3.6% | −3.6% | −8.8% | −8.8% |
| Net margin | −8.4% | 12.7% | −4.7% | −5.4% | −26.3% | −25.8% | −15.3% | −20.6% | 0.4% | 0.4% | −7.9% | −7.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KBSX's financial statements (latest annual report filed April 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KBSX financial results
In fiscal year 2025 (ended December 31, 2025), FST reported revenue of $48.0 million, up 31.4% from the year before. It had a net loss of $1.5 million, a net profit margin of −3.1%. Diluted earnings per share came to −$0.32. Over five years revenue grew at an average rate of 11.7% a year.
See the KBSX stock overview for the latest quote and news, or the KBSX chart for price history and technical indicators.
KBSX income statement FAQ
What is FST's annual revenue?
FST reported total revenue of $48.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 31.4% from $36.5 million the previous year.
Is FST profitable?
No. FST reported a net loss of $1.5 million in fiscal 2025, a net profit margin of −3.1%; its operating margin was −4.9%.
What is FST's gross margin?
FST's gross margin was 43.0% in fiscal 2025: for every $100 of revenue, FST kept $43 after the direct cost of its products and services.
How much does FST spend on research and development?
FST spent $1.5 million on research and development in fiscal 2025, 3.1% of revenue.
How fast is FST growing?
Revenue grew 11.7% a year on average over the last five fiscal years, from $27.6 million to $48.0 million.
What are FST's earnings per share?
FST earned $-0.32 per diluted share in fiscal 2025, compared with $-0.47 a year earlier.
When will FST report its next earnings?
FST is expected to report results for the quarter ending September 30, 2026 on November 17, 2026.
When does FST's fiscal year end?
FST's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 20, 2026.