Astronics Corp (ATRO) financial statements: income statement, balance sheet and cash flow

Astronics Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Astronics Corp reported revenue of $862.1M (+8.4% year on year) and net income of $29.4M (+281.1% year on year).

Income statement

Astronics Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Sales	$862.1M	$795.4M	$689.2M	$534.9M
Cost of Products Sold	$604.0M	$627.1M	$568.4M	$463.4M
Gross Profit	$258.2M	$168.3M	$120.8M	$71.5M
Research and Development Expenses	$43.5M	—	—	—
Selling, General and Administrative Expenses	$138.3M	$141.9M	$127.5M	$101.6M
Income (Loss) from Operations	$76.4M	$26.5M	($6.7M)	($30.0M)
Net Gain on Sale of Businesses	$0	$0	$3.4M	$11.3M
Loss on Settlement of Debt	$32.6M	—	—	—
Other (Income) Expense, Net	($738.0K)	$2.2M	($261.0K)	—
Interest Expense, Net of Interest Income	$12.6M	$22.0M	$23.3M	$9.4M
Income (Loss) Before Income Taxes	$31.9M	($7.9M)	($26.3M)	($29.8M)
Provision for Income Taxes	$2.6M	$8.3M	$110.0K	$6.0M
Net Income (Loss)	$29.4M	($16.2M)	($26.4M)	($35.7M)
Basic Earnings (Loss) Per Share (in usd per share)	$0.83	-$0.46	-$0.80	-$1.11
Diluted Earnings (Loss) Per Share (in usd per share)	$0.81	-$0.46	-$0.80	-$1.11

Astronics Corp income statement, quarters

Line item	Jul 4, 2026 · Q3	Apr 4, 2026 · Q2	Sep 27, 2025 · Q3	Jun 28, 2025 · Q2
Sales	$260.0M	$230.6M	$211.4M	$204.7M
Cost of Products Sold	$173.1M	$155.5M	$146.9M	$151.9M
Gross Profit	$86.9M	$75.1M	$64.5M	$52.8M
Research and Development Expenses	$10.9M	$12.1M	$10.2M	$11.6M
Selling, General and Administrative Expenses	$35.6M	$35.8M	$31.2M	$36.5M
Income from Operations	$40.5M	$27.2M	$23.1M	$4.8M
Other Expense (Income), Net	$281.0K	$109.0K	($185.0K)	($190.0K)
Interest Expense, Net of Interest Income	$2.3M	$2.3M	$2.9M	$3.1M
Income Before Income Taxes	$37.9M	$24.8M	($12.3M)	$1.9M
Provision for Income Taxes	$2.8M	($755.0K)	($1.2M)	$537.0K
Net Income	$35.1M	$25.5M	($11.1M)	$1.3M
Basic (in usd per share)	$0.82	$0.71	-$0.31	$0.04
Diluted (in usd per share)	$0.75	$0.67	-$0.31	$0.04

Balance sheet

Astronics Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and Cash Equivalents	$18.2M	$9.3M	$4.8M	$13.8M
Restricted Cash	$0	$9.1M	$6.6M	—
Accounts Receivable, Net of Allowance for Estimated Credit Losses	$204.7M	$191.4M	$172.1M	$147.8M
Inventories	$196.9M	$199.7M	$191.8M	$188.0M
Prepaid Expenses and Other Current Assets	$18.0M	$16.6M	$14.6M	$15.7M
Total Current Assets	$437.7M	$426.2M	$389.8M	$365.3M
Property, Plant and Equipment, Net of Accumulated Depreciation	$107.1M	$80.7M	$85.4M	$90.7M
Operating Right-of-Use Assets	$32.3M	$23.6M	$27.9M	$13.0M
Other Assets	$11.3M	$7.8M	$7.0M	$8.6M
Intangible Assets, Net of Accumulated Amortization	$55.4M	$52.5M	$65.4M	$79.3M
Goodwill	$62.9M	$58.1M	$58.2M	$58.2M
Total Assets	$706.7M	$648.8M	$633.8M	$615.0M
Accounts Payable	$41.1M	$43.0M	$61.1M	$64.2M
Accrued Payroll and Employee Benefits	$34.9M	$33.4M	$22.0M	$15.6M
Accrued Income Taxes	$1.4M	$6.7M	$3.0M	$6.4M
Current Operating Lease Liabilities	$5.8M	$4.7M	$5.1M	$4.4M
Other Accrued Expenses	$32.0M	$40.9M	$21.0M	$23.9M
Customer Advanced Payments and Deferred Revenue	$26.1M	$27.5M	$22.0M	$32.6M
Total Current Liabilities	$141.3M	$156.2M	$143.3M	$151.6M
Long-term Debt	$334.5M	$168.7M	$159.2M	$159.5M
Supplemental Retirement Plan and Other Liabilities for Pension Benefits	$27.4M	$24.1M	$29.3M	$26.6M
Long-term Operating Lease Liabilities	$38.1M	$20.5M	$24.4M	$9.9M
Other Liabilities	$24.8M	$21.8M	$26.7M	$25.6M
Deferred Income Taxes	$640.0K	$1.4M	$1.3M	$1.9M
Total Liabilities	$566.6M	$392.7M	$384.3M	$375.1M
Common Stock	$385.0K	$380.0K	$373.0K	$354.0K
Additional Paid-in Capital	$4.9M	$144.1M	$129.5M	$98.6M
Accumulated Other Comprehensive Loss	($4.4M)	($3.9M)	($9.4M)	($9.5M)
Retained Earnings	$216.7M	$192.2M	$209.8M	$240.4M
Treasury Stock, 2,750,744 Shares at December 31, 2025 2,694,255 Shares at December 31, 2024	-77.5M	-76.8M	-80.7M	-89.9M
Total Shareholders’ Equity	$140.1M	$256.1M	$249.5M	$239.9M
Total Liabilities and Shareholders’ Equity	$706.7M	$648.8M	$633.8M	$615.0M

Astronics Corp balance sheet, quarters

Line item	Jul 4, 2026	Apr 4, 2026	Sep 27, 2025	Jun 28, 2025
Cash and Cash Equivalents	$9.0M	$11.9M	$13.5M	$13.5M
Accounts Receivable, Net of Allowance for Estimated Credit Losses	$228.9M	$217.0M	$188.6M	$187.3M
Inventories	$220.1M	$211.9M	$197.3M	$194.3M
Prepaid Expenses and Other Current Assets	$27.8M	$27.8M	$27.1M	$23.7M
Total Current Assets	$485.7M	$468.6M	$432.6M	$418.7M
Property, Plant and Equipment, Net of Accumulated Depreciation	$115.6M	$115.5M	$96.6M	$83.2M
Operating Right-of-Use Assets	$31.3M	$32.6M	$33.8M	$32.0M
Other Assets	$14.4M	$13.7M	$8.3M	$7.9M
Intangible Assets, Net of Accumulated Amortization	$49.4M	$52.3M	$51.1M	$46.7M
Goodwill	$64.5M	$64.3M	$59.8M	$58.1M
Total Assets	$760.8M	$747.1M	$682.2M	$646.7M
Accounts Payable	$64.4M	$55.9M	$51.7M	$46.0M
Current Operating Lease Liabilities	$5.9M	$6.0M	$6.0M	$5.0M
Accrued Expenses and Other Current Liabilities	$66.5M	$66.2M	$66.6M	$59.7M
Customer Advance Payments and Deferred Revenue	$26.6M	$29.7M	$26.7M	$27.2M
Total Current Liabilities	$163.4M	$157.7M	$151.0M	$137.9M
Long-term Debt	$310.3M	$334.9M	$334.0M	$159.3M
Long-term Operating Lease Liabilities	$36.7M	$38.2M	$39.3M	$31.5M
Other Liabilities	$52.2M	$54.6M	$48.9M	$46.5M
Total Liabilities	$562.6M	$585.4M	$573.3M	$375.1M
Common Stock	$457.0K	$386.0K	$381.0K	$381.0K
Accumulated Other Comprehensive Loss	($6.1M)	($5.4M)	($2.0M)	($1.4M)
Other Shareholders’ Equity	$203.9M	$166.8M	$110.5M	$272.6M
Total Shareholders’ Equity	$198.2M	$161.7M	$108.9M	$271.6M
Total Liabilities and Shareholders’ Equity	$760.8M	$747.1M	$682.2M	$646.7M

Cash flow statement

Astronics Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net Income (Loss)	$29.4M	($16.2M)	($26.4M)	($35.7M)
Depreciation and Amortization	$21.8M	$24.5M	$26.1M	$27.8M
Amortization of Deferred Financing Fees	$3.0M	$3.2M	$3.0M	—
Provisions for Non-Cash Losses on Inventory and Receivables	$10.0M	$13.8M	$16.0M	$3.4M
Equity-based Compensation Expense	$6.8M	$8.6M	$7.2M	$6.5M
Deferred Tax (Benefit) Expense	($1.4M)	($20.0K)	$146.0K	$19.0K
Loss on Settlement of Debt	$32.6M	—	—	—
Operating Lease Non-cash Expense	$6.2M	$5.2M	$5.1M	$6.0M
Simplification Initiative-related Non-cash Charges	$6.2M	—	—	$0
Net Gain on Sale of Business, Before Taxes	$0	$0	($3.4M)	($11.3M)
Non-cash 401K Contribution and Quarterly Bonus Accrual	$0	$3.5M	$5.1M	—
Non-cash Annual Stock Bonus Accrual	$0	$0	—	—
Non-cash Litigation Provision Adjustment	$0	$4.5M	($1.3M)	—
Non-cash Deferred Liability Recovery	$0	$0	($5.8M)	—
Other	($418.0K)	$5.8M	$1.9M	$3.1M
Accounts Receivable	($8.1M)	($22.0M)	($31.9M)	($41.6M)
Inventories	($4.4M)	($21.6M)	($13.3M)	($34.1M)
Accounts Payable	($3.1M)	($17.7M)	($4.5M)	$27.8M
Accrued Expenses	($15.0M)	$22.0M	$4.6M	$787.0K
Income Taxes	($7.9M)	$4.5M	($1.9M)	$16.1M
Operating Lease Liabilities	($4.6M)	($5.1M)	($4.9M)	($7.3M)
Tenant Improvement Allowance Refund	$8.1M	—	—	—
Cloud Computing Implementation Costs	($1.1M)	—	—	—
Customer Advanced Payments and Deferred Revenue	($4.2M)	$5.7M	($4.8M)	$5.3M
Supplemental Retirement Plan Liabilities	($716.0K)	($410.0K)	($408.0K)	($405.0K)
Other Assets and Liabilities	$1.6M	$2.3M	$1.3M	—
Net Cash from Operating Activities	$74.8M	$30.6M	($23.9M)	($28.3M)
Capital Expenditures	($31.7M)	($8.4M)	($7.6M)	($7.7M)
Acquisitions of Businesses, Net of Cash Acquired	($22.1M)	—	—	—
Proceeds from Sale of Businesses and Assets	$0	$0	$3.5M	$22.1M
Net Cash from Investing Activities	($53.7M)	($8.4M)	($4.1M)	$14.4M
Proceeds from Long-term Debt	$186.1M	$377.4M	$139.7M	$125.8M
Principal Payments on Long-term Debt	($111.1M)	($374.9M)	($131.2M)	($124.8M)
Proceeds from Issuance of Convertible Debt	$225.0M	—	—	—
Partial Repurchase of 2030 Convertible Notes	($285.8M)	—	—	—
Payments for Capped Call Transactions	($26.9M)	—	—	—
Financing-Related Costs	($10.4M)	($12.2M)	—	($2.4M)
Financing Settlement Costs	$0	—	—	—
Stock Award and Employee Stock Purchase Plan (“ESPP”) activity	$753.0K	($241.0K)	$2.5M	$97.0K
Proceeds from At-the-Market (“ATM”) Stock Sales	$0	$0	$21.3M	—
Other	($141.0K)	($145.0K)	—	—
Net Cash from Financing Activities	($22.4M)	($14.5M)	$25.4M	($1.4M)
Effect of Exchange Rates on Cash	$1.1M	($493.0K)	$156.0K	($641.0K)
(Decrease) Increase in Cash and Cash Equivalents and Restricted Cash	($248.0K)	$7.1M	($2.5M)	($16.0M)
Cash and Cash Equivalents and Restricted Cash at Beginning of Year	$18.4M	$11.3M	$13.8M	—

Astronics Corp cash flow statement, quarters

Line item	Jul 4, 2026 · YTD	Apr 4, 2026 · Q2	Sep 27, 2025 · YTD	Jun 28, 2025 · YTD
Net Income	$60.6M	$25.5M	($256.0K)	$10.8M
Depreciation and Amortization	$12.2M	$5.9M	$16.1M	$11.0M
Amortization of Deferred Financing Fees	$1.2M	$607.0K	$1.8M	$1.2M
Provisions for Non-cash Losses on Inventory and Receivables	$3.3M	$1.4M	$6.1M	$2.9M
Equity-based Compensation Expense	$4.8M	$2.6M	$5.3M	$3.9M
Deferred Tax Expense (Benefit)	$1.0M	$62.0K	($1.1M)	($1.1M)
Operating Lease Non-cash Expense	$2.8M	$1.5M	$4.7M	$3.2M
Simplification Initiative-related Non-cash Charges	$0	—	$6.2M	$6.2M
Other	$1.2M	$681.0K	($756.0K)	($601.0K)
Accounts Receivable	($25.0M)	($13.4M)	$5.2M	$5.8M
Inventories	($27.5M)	($16.4M)	($7.1M)	($1.5M)
Accounts Payable	$23.6M	$15.0M	$8.3M	$3.0M
Operating Lease Liabilities	($3.1M)	($1.5M)	($3.1M)	($2.3M)
Accrued Expenses	($1.9M)	($6.7M)	($14.7M)	($17.1M)
Income Taxes	($1.1M)	($982.0K)	($11.5M)	($10.5M)
Customer Advance Payments and Deferred Revenue	$478.0K	$3.6M	($2.3M)	($859.0K)
Cloud Computing Implementation Costs	($4.1M)	($2.4M)	—	—
Supplemental Retirement Plan Liabilities	($367.0K)	($181.0K)	($539.0K)	($202.0K)
Other Assets and Liabilities	($7.4M)	($4.7M)	($825.0K)	($864.0K)
Net Cash Provided by Operating Activities	$40.7M	$10.6M	$47.2M	$13.0M
Capital Expenditures	($16.9M)	($11.2M)	($19.9M)	($6.7M)
Net Cash Used by Investing Activities	($16.9M)	($11.2M)	($24.5M)	($6.7M)
Proceeds from Long-term Debt	$40.0M	$30.0M	$86.1M	$1.1M
Principal Payments on Long-term Debt	($65.0M)	($30.0M)	($11.1M)	($11.1M)
Financing-related Costs	$0	$0	($8.1M)	($740.0K)
Stock Award Activity	($5.4M)	($5.4M)	($1.7M)	($1.7M)
Other	($2.2M)	($60.0K)	($109.0K)	($76.0K)
Net Cash Used by Financing Activities	($32.7M)	($5.5M)	($22.6M)	($12.5M)
Effect of Exchange Rates on Cash	($359.0K)	($258.0K)	$1.1M	$1.3M
Decrease in Cash and Cash Equivalents and Restricted Cash	($9.2M)	($6.3M)	$1.2M	($5.0M)
Cash and Cash Equivalents and Restricted Cash at Beginning of Period	$18.2M	$18.2M	$18.4M	$18.4M
Cash and Cash Equivalents and Restricted Cash at End of Period	$9.0M	$11.9M	$19.6M	$13.5M
Capital Expenditures in Accounts Payable (Non-Cash Investing Activities)	$422.0K	$425.0K	$2.8M	—
Interest Paid	$4.0M	$2.7M	$7.6M	$3.0M
Income Taxes Paid, Net	$2.1M	$195.0K	$12.6M	$12.8M

Astronics Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.