Nortech Systems Incorporated (NSYS) Income Statement
NSYS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNSYS revenue and net income
Where NSYS's revenue goes
2025Each bar shows an amount and its share of revenue. NSYS kept −0.2% of revenue as net income.
NSYS profit margins
NSYS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −7.6% | −4.1% | +2.6% | +0.3% |
| Gross profit | +7.7% | −4.2% | +16.3% | +4.1% |
| Operating income | — | −31.7% | — | — |
| 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.
NSYS quarterly EPS vs estimates
Nortech Systems beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 12, 2026.
NSYS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $118.4M | $128.1M | $139.3M | $134.1M | $115.2M | $104.1M | $116.3M | $113.4M | $112.3M | $116.6M |
| Cost of revenue | $100.4M | $111.4M | $116.2M | $113.6M | $99.3M | $95.7M | $103.8M | $100.1M | $100.2M | $102.8M |
| Gross profit | $18.0M | $16.7M | $23.1M | $20.5M | $15.9M | $8.5M | $12.6M | $13.3M | $12.1M | $13.8M |
| Research & development | $1.2M | $1.2M | $1.2M | $1.5M | $483,000 | $0 | — | $0 | $0 | $0 |
| Sales, general & admin | $15.6M | $15.2M | $16.0M | $15.1M | $12.4M | $10.5M | $12.4M | $12.1M | $12.8M | $13.2M |
| Total operating expenses | $16.8M | $16.9M | $17.2M | $16.6M | $13.6M | $10.5M | $12.4M | $12.1M | $12.8M | $13.2M |
| Operating income | $1.2M | −$195,000 | $6.0M | $3.9M | $2.3M | −$2.1M | $224,000 | $1.2M | −$1.3M | $629,063 |
| Interest income | — | — | — | — | — | — | $1.0M | $757,000 | $627,560 | $550,290 |
| Interest expense | $964,000 | $744,000 | $487,000 | $411,000 | $430,000 | $620,000 | $1.0M | $757,000 | $627,555 | $550,289 |
| Income before taxes | $11,000 | −$939,000 | $5.5M | $3.5M | $8.0M | −$1.2M | −$819,000 | $492,000 | −$2.1M | $78,774 |
| Income taxes | $263,000 | $356,000 | −$1.4M | $1.5M | $859,000 | $310,000 | $409,000 | $326,000 | $375,000 | $35,000 |
| Net income | −$252,000 | −$1.3M | $6.9M | $2.0M | $7.2M | −$1.5M | −$1.2M | $166,000 | −$2.4M | $43,774 |
| EBITDA | $2.3M | $1.5M | $8.0M | $5.8M | $10.4M | $131,000 | $2.4M | $3.4M | $1.2M | $2.9M |
| EPS (diluted) | −$0.10 | −$0.49 | $2.38 | $0.69 | $2.48 | −$0.60 | −$0.39 | $0.06 | −$0.80 | −$0.02 |
| Gross margin | 15.2% | 13.1% | 16.6% | 15.3% | 13.8% | 8.1% | 10.8% | 11.7% | 10.8% | 11.9% |
| Operating margin | 1.0% | −0.2% | 4.3% | 2.9% | 2.0% | −2.0% | 0.2% | 1.1% | −1.1% | 0.5% |
| Net margin | −0.2% | −1.0% | 4.9% | 1.5% | 6.2% | −1.5% | −1.1% | 0.1% | −2.2% | 0.0% |
| 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 | $33.5M | $30.3M | $30.3M | $30.5M | $30.7M | $26.9M | $28.6M | $31.4M | $33.9M | $34.2M | $36.1M | $33.4M |
| Cost of revenue | $27.8M | $25.6M | $25.2M | $25.5M | $25.8M | $23.8M | $25.8M | $27.6M | $29.3M | $28.8M | $29.2M | $28.1M |
| Gross profit | $5.7M | $4.7M | $5.1M | $5.0M | $4.8M | $3.1M | $2.8M | $3.8M | $4.6M | $5.4M | $6.8M | $5.3M |
| Research & development | $346,000 | $310,000 | $278,000 | $266,000 | $302,000 | $326,000 | $298,000 | $284,000 | $291,000 | $318,000 | $292,000 | $314,000 |
| Sales, general & admin | $4.7M | $4.3M | $3.9M | $3.8M | $3.8M | $4.1M | $3.4M | $3.8M | $3.9M | $4.0M | $3.9M | $3.9M |
| Total operating expenses | $5.1M | $4.7M | $4.2M | $4.1M | $4.1M | $4.7M | $4.0M | $4.3M | $4.3M | $4.3M | $4.2M | $4.2M |
| Operating income | $623,000 | $47,000 | $901,000 | $945,000 | $742,000 | −$1.6M | −$1.2M | −$467,000 | $344,000 | $1.2M | $2.7M | $1.1M |
| Interest expense | $197,000 | $256,000 | $220,000 | $273,000 | $257,000 | $214,000 | $196,000 | $216,000 | $165,000 | $167,000 | $122,000 | $130,000 |
| Income before taxes | $426,000 | −$209,000 | $681,000 | $672,000 | $485,000 | −$1.8M | −$1.4M | −$683,000 | $179,000 | $988,000 | $2.6M | $994,000 |
| Income taxes | $110,000 | −$175,000 | −$216,000 | $818,000 | $172,000 | −$511,000 | $55,000 | $56,000 | $22,000 | $223,000 | −$1.8M | −$213,000 |
| Net income | $316,000 | −$34,000 | $897,000 | −$146,000 | $313,000 | −$1.3M | −$1.5M | −$739,000 | $157,000 | $765,000 | $4.4M | $1.2M |
| EBITDA | $938,000 | $350,000 | $1.2M | $1.3M | $1.1M | −$1.3M | −$889,000 | −$33,000 | $828,000 | $1.6M | $3.2M | $1.6M |
| EPS (diluted) | $0.11 | −$0.01 | $0.31 | −$0.05 | $0.12 | −$0.48 | −$0.54 | −$0.27 | $0.05 | $0.26 | $1.51 | $0.42 |
| Gross margin | 17.0% | 15.5% | 16.7% | 16.5% | 15.8% | 11.4% | 9.9% | 12.2% | 13.6% | 15.9% | 18.9% | 15.9% |
| Operating margin | 1.9% | 0.2% | 3.0% | 3.1% | 2.4% | −6.0% | −4.3% | −1.5% | 1.0% | 3.4% | 7.4% | 3.4% |
| Net margin | 0.9% | −0.1% | 3.0% | −0.5% | 1.0% | −4.9% | −5.2% | −2.4% | 0.5% | 2.2% | 12.1% | 3.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NSYS's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NSYS financial results
In fiscal year 2025 (ended December 31, 2025), Nortech Systems reported revenue of $118.4 million, down 7.6% from the year before. It had a net loss of $0.3 million, a net profit margin of −0.2%. Diluted earnings per share came to −$0.10. Over five years revenue grew at an average rate of 2.6% a year.
See the NSYS stock overview for the latest quote and news, or the NSYS chart for price history and technical indicators.
NSYS income statement FAQ
What is Nortech Systems's annual revenue?
Nortech Systems reported total revenue of $118.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 7.6% from $128.1 million the previous year.
Is Nortech Systems profitable?
No. Nortech Systems reported a net loss of $0.3 million in fiscal 2025, a net profit margin of −0.2%; its operating margin was 1.0%.
What is Nortech Systems's gross margin?
Nortech Systems's gross margin was 15.2% in fiscal 2025: for every $100 of revenue, Nortech Systems kept $15 after the direct cost of its products and services.
How much does Nortech Systems spend on research and development?
Nortech Systems spent $1.2 million on research and development in fiscal 2025, 1.0% of revenue.
How fast is Nortech Systems growing?
Revenue grew 2.6% a year on average over the last five fiscal years, from $104.1 million to $118.4 million.
What are Nortech Systems's earnings per share?
Nortech Systems earned $-0.10 per diluted share in fiscal 2025, compared with $-0.49 a year earlier.
When will Nortech Systems report its next earnings?
Nortech Systems is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Nortech Systems's fiscal year end?
Nortech Systems's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.