Kamada Ltd. (KMDA) Income Statement
KMDA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKMDA revenue and net income
Where KMDA's revenue goes
2025Each bar shows an amount and its share of revenue. KMDA kept 11.2% of revenue as net income.
KMDA profit margins
KMDA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.1% | +11.7% | +6.3% | +9.9% |
| Gross profit | +9.2% | +17.8% | +9.9% | +16.9% |
| Operating income | +30.8% | +79.6% | +6.4% | — |
| Net income | +39.7% | — | +3.3% | — |
| EPS (diluted) | +34.6% | +126.8% | −2.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KMDA quarterly EPS vs estimates
Kamada beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.13).
KMDA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $180.5M | $161.0M | $142.5M | $129.3M | $103.6M | $133.2M | $127.2M | $114.5M | $102.8M | $77.5M |
| Cost of revenue | $104.1M | $91.0M | $87.0M | $82.6M | $73.3M | $85.7M | $77.5M | $73.0M | $70.7M | $55.8M |
| Gross profit | $76.4M | $70.0M | $55.5M | $46.7M | $30.3M | $47.6M | $49.7M | $41.5M | $32.1M | $21.6M |
| Research & development | $13.0M | $15.2M | $13.9M | $13.2M | $11.4M | $13.6M | $13.1M | $9.7M | $12.0M | $16.2M |
| Sales, general & admin | $33.8M | $30.8M | $27.4M | $25.1M | $17.6M | $14.7M | $12.8M | $12.2M | $12.7M | $10.9M |
| Total operating expenses | $50.2M | $49.9M | $45.4M | $42.2M | $31.0M | $28.3M | $27.0M | $22.2M | $24.6M | $27.1M |
| Operating income | $26.2M | $20.1M | $10.1M | $4.5M | −$696,000 | $19.2M | $22.8M | $19.3M | $7.4M | −$5.8M |
| Interest income | $1.9M | $2.1M | $588,000 | $91,000 | $295,000 | $1.0M | $1.1M | $820,000 | $500,000 | $469,000 |
| Interest expense | $864,000 | $660,000 | $1.3M | $914,000 | $283,000 | $266,000 | $293,000 | $327,126 | $82,000 | $126,000 |
| Income before taxes | $23.5M | $13.3M | $8.4M | −$2.3M | −$1.9M | $18.6M | $23.0M | $20.3M | $7.2M | −$5.0M |
| Income taxes | $3.3M | −$1.1M | $145,000 | $62,000 | $345,000 | $1.4M | $730,000 | −$2.0M | $269,000 | $1.7M |
| Net income | $20.2M | $14.5M | $8.3M | −$2.3M | −$2.2M | $17.1M | $22.3M | $22.3M | $6.9M | −$6.7M |
| EBITDA | $39.2M | $27.8M | $22.4M | $10.8M | $4.0M | $25.1M | $27.8M | $23.6M | $11.1M | −$1.4M |
| EPS (diluted) | $0.35 | $0.26 | $0.15 | $0.03 | −$0.06 | $0.39 | $0.53 | $0.56 | $0.17 | −$0.15 |
| Gross margin | 42.3% | 43.5% | 38.9% | 36.1% | 29.3% | 35.7% | 39.1% | 36.2% | 31.2% | 27.9% |
| Operating margin | 14.5% | 12.5% | 7.1% | 3.5% | −0.7% | 14.4% | 17.9% | 16.8% | 7.2% | −7.5% |
| Net margin | 11.2% | 9.0% | 5.8% | −1.8% | −2.2% | 12.9% | 17.5% | 19.5% | 6.7% | −8.7% |
| 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 | $54.9M | $45.2M | $44.7M | $47.0M | $44.8M | $44.0M | $39.0M | $41.7M | $42.5M | $37.7M | $36.4M | $37.9M |
| Cost of revenue | $32.5M | $26.1M | $27.7M | $27.2M | $25.8M | $23.3M | $22.0M | $24.5M | $23.5M | $21.0M | $22.0M | $23.1M |
| Gross profit | $22.5M | $19.1M | $17.0M | $19.8M | $18.9M | $20.7M | $17.0M | $17.2M | $19.0M | $16.8M | $14.4M | $14.8M |
| Research & development | $2.2M | $2.2M | $2.9M | $2.6M | $3.2M | $4.2M | $2.7M | $3.4M | $4.8M | $4.3M | $3.2M | $3.2M |
| Sales, general & admin | $10.8M | $10.0M | $11.0M | $9.3M | $8.6M | $8.7M | $8.8M | $8.5M | $8.5M | $8.4M | $7.7M | $7.4M |
| Total operating expenses | $13.0M | $12.2M | $13.4M | $11.9M | $11.9M | $13.0M | $12.0M | $11.9M | $13.3M | $12.7M | $11.6M | $10.4M |
| Operating income | $9.5M | $7.0M | $3.6M | $7.8M | $7.1M | $7.8M | $5.1M | $5.3M | $5.6M | $4.0M | $2.8M | $4.4M |
| Interest income | $434,000 | $425,000 | $442,000 | $492,000 | $453,000 | $534,000 | $684,000 | $646,000 | $508,000 | $280,000 | $496,000 | $67,000 |
| Interest expense | $368,872 | $188,000 | $259,000 | $221,000 | $192,000 | $192,000 | $189,000 | $167,000 | $145,000 | $159,000 | $159,000 | $404,000 |
| Income before taxes | $10.2M | $5.4M | $4.7M | $6.4M | $5.8M | $6.6M | $2.5M | $3.9M | $4.5M | $2.4M | $5.0M | $3.3M |
| Income taxes | $927,000 | $1.3M | $1.2M | $1.1M | −$1.6M | $2.6M | −$1.3M | $84,000 | $63,000 | $74,000 | −$34,000 | $73,000 |
| Net income | $9.3M | $4.1M | $3.6M | $5.3M | $7.4M | $4.0M | $3.8M | $3.9M | $4.4M | $2.4M | $5.1M | $3.2M |
| EBITDA | $13.4M | $9.4M | $8.8M | $10.3M | $9.7M | $10.4M | $6.7M | $7.4M | $7.9M | $5.8M | $8.2M | $6.9M |
| EPS (diluted) | $0.16 | $0.07 | $0.06 | $0.09 | $0.13 | $0.07 | $0.07 | $0.07 | $0.08 | $0.04 | $0.09 | $0.06 |
| Gross margin | 40.9% | 42.3% | 38.0% | 42.0% | 42.3% | 47.1% | 43.7% | 41.3% | 44.6% | 44.4% | 39.6% | 39.0% |
| Operating margin | 17.3% | 15.4% | 7.9% | 16.6% | 15.8% | 17.7% | 13.0% | 12.7% | 13.3% | 10.7% | 7.6% | 11.5% |
| Net margin | 16.9% | 9.1% | 8.0% | 11.3% | 16.5% | 9.0% | 9.8% | 9.3% | 10.4% | 6.3% | 13.9% | 8.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KMDA's financial statements (latest annual report filed March 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KMDA financial results
In fiscal year 2025 (ended December 31, 2025), Kamada reported revenue of $180.5 million, up 12.1% from the year before. It had net income of $20.2 million (up 39.7%), a net profit margin of 11.2%. Diluted earnings per share came to $0.35. Over five years revenue grew at an average rate of 6.3% a year.
See the KMDA stock overview for the latest quote and news, or the KMDA chart for price history and technical indicators.
KMDA income statement FAQ
What is Kamada's annual revenue?
Kamada reported total revenue of $180.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 12.1% from $161.0 million the previous year.
Is Kamada profitable?
Yes. Kamada reported net income of $20.2 million in fiscal 2025, a net profit margin of 11.2%; its operating margin was 14.5%.
What is Kamada's gross margin?
Kamada's gross margin was 42.3% in fiscal 2025: for every $100 of revenue, Kamada kept $42 after the direct cost of its products and services.
How much does Kamada spend on research and development?
Kamada spent $13.0 million on research and development in fiscal 2025, 7.2% of revenue.
How fast is Kamada growing?
Revenue grew 6.3% a year on average over the last five fiscal years, from $133.2 million to $180.5 million.
What are Kamada's earnings per share?
Kamada earned $0.35 per diluted share in fiscal 2025, compared with $0.26 a year earlier.
When will Kamada report its next earnings?
Kamada is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 before the market opens.
When does Kamada's fiscal year end?
Kamada's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 11, 2026.