Camtek Ltd. (CAMT) financial statements: income statement, balance sheet and cash flow
Camtek Ltd.'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), Camtek Ltd. reported revenue of $496.1M (+15.6% year on year) and net income of $50.7M (-57.2% year on year).
Income statement
Camtek Ltd. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$496.1M
$429.2M
$315.4M
$320.9M
Cost of revenues
$245.8M
$219.3M
$167.7M
$161.1M
Gross profit
$250.3M
$210.0M
$147.6M
$159.9M
Research and development
$48.3M
$38.3M
$31.5M
$28.9M
Selling, general and administrative
$73.8M
$63.6M
$50.8M
$49.5M
Total operating expenses
$122.1M
$101.9M
$82.2M
$78.4M
Operating profit
$128.2M
$108.1M
$65.4M
$81.5M
Financial income, net
$25.1M
$23.2M
$22.2M
$6.7M
Other expenses
($100.9M)
—
—
—
Income (loss) before income taxes
$52.3M
$131.2M
$87.6M
$88.2M
Income tax expense
($1.6M)
($12.7M)
($9.0M)
($8.2M)
Net income
$50.7M
$118.5M
$78.6M
$79.9M
Basic net earnings per share
$1.11
$2.62
$1.76
$1.81
Diluted net earnings per share
$1.04
$2.42
$1.63
$1.66
Basic
45.7K
45.3K
44.7K
44.2K
Diluted
50.0K
49.4K
48.9K
48.2K
Camtek Ltd. income statement, quarters
Line item
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Jun 30, 2022 · YTD
Revenue
$242.0M
$199.6M
$146.2M
$156.7M
Cost of Revenue
$118.8M
$103.6M
$77.4M
$76.7M
Gross profit
$123.2M
$96.0M
$68.8M
$80.1M
Research and Development Expense
$21.8M
$18.1M
$15.7M
$15.2M
Selling, general and administrative
$36.7M
$30.7M
$24.0M
$24.5M
Total operating expenses
$58.5M
$48.8M
$39.7M
$39.6M
Operating income
$64.7M
$47.1M
$29.1M
$40.4M
Financial income, net
$10.4M
$10.6M
$10.9M
$860.0K
Income before income taxes
$75.0M
$57.7M
$40.0M
$41.3M
Income tax expense
($7.0M)
($5.0M)
($4.2M)
($3.7M)
Net income
$68.0M
$52.8M
$35.8M
$37.6M
Basic net earnings per share
$1.49
$1.17
$0.80
$0.86
Diluted net earnings per share
$1.39
$1.08
$0.74
$0.78
Basic
45.6M
45.2M
44.6M
43.9M
Effect of stock-based awards
263.0K
—
—
—
Effect of conversion of Notes
3.4M
—
—
—
Diluted
49.3M
49.3M
48.5M
48.1M
Balance sheet
Camtek Ltd. 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
$177.8M
$126.2M
$120.0M
$148.2M
Other Current Assets
$411.4M
$231.0M
$215.3M
$251.5M
Marketable securities
$78.9M
$30.8M
$18.8M
—
Accounts Receivable
$90.8M
$99.5M
$87.3M
$80.6M
Inventories
$112.2M
$111.2M
$85.9M
$65.5M
Other current assets
$25.8M
$21.3M
$19.5M
$11.2M
Total current assets
$897.0M
$620.1M
$546.8M
$557.0M
Long-term deposits
$0
$26.0M
$21.0M
$79.0M
Marketable securities
$182.9M
$87.1M
$73.6M
—
Long-term inventory
$15.6M
$11.9M
$9.0M
$5.4M
Deferred tax asset, net
$12.9M
$3.1M
$2.6M
$1.0M
Other assets, net
$1.9M
$2.0M
$1.4M
$1.0M
Property, Plant and Equipment
$65.1M
$54.2M
$42.0M
$33.1M
Intangible Assets
$10.1M
$13.4M
$16.9M
$597.0K
Goodwill
$74.3M
$74.3M
$74.3M
—
Total non-current assets
$362.8M
$272.0M
$240.9M
$120.1M
Total assets
$1.3B
$892.0M
$787.7M
$677.1M
Accounts Payable
$33.7M
$46.6M
$42.2M
$31.7M
Due from related parties
$73.7M
$77.3M
$54.5M
$56.8M
Total current liabilities
$107.4M
$123.9M
$96.7M
$88.5M
Deferred tax liabilities, net
$1.3M
$5.6M
$7.5M
—
Other long-term liabilities
$14.3M
$15.4M
$10.5M
$8.7M
Convertible notes
$519.8M
$197.9M
$196.8M
$195.7M
Total noncurrent liabilities
$535.4M
$218.9M
$214.8M
$204.5M
Total liabilities
$642.8M
$342.8M
$311.5M
$293.0M
Ordinary shares NIS 0.01 par value, 100,000,000 shares authorized at December 31, 2025 and 2024; 47,920,509 and 47,541,682 issued shares at December 31, 2025 and 2024, respectively; 45,828,133 and 45,449,306 shares outstanding at December 31, 2025 and 2024, respectively
178.0K
177.0K
176.0K
175.0K
Additional Paid-In Capital
$231.9M
$214.9M
$200.4M
$187.1M
Accumulated other comprehensive income
$287.0K
$203.0K
$129.0K
—
Retained Earnings
$386.5M
$335.8M
$277.4M
$198.7M
Total shareholders' equity before treasury stock
$618.9M
$551.1M
$478.0M
$386.0M
Treasury stock, at cost (2,092,376 shares as of December 31, 2025 and 2024)
-1.9M
-1.9M
-1.9M
-1.9M
Total shareholders' equity
$617.0M
$549.2M
$476.1M
$384.1M
Total liabilities and shareholders' equity
$1.3B
$892.0M
$787.7M
$677.1M
Camtek Ltd. balance sheet, quarters
Line item
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Jun 30, 2022
Cash and cash equivalents
$192.0M
$86.2M
$232.8M
$56.0M
Other Current Assets
$204.0M
$256.3M
$198.5M
$335.0M
Marketable securities
$40.0M
$23.6M
—
—
Trade accounts receivable, net
$112.0M
$68.2M
$79.0M
$73.1M
Inventory
$133.7M
$99.2M
$61.2M
$70.1M
Other current assets
$21.2M
$27.0M
$15.0M
$7.5M
Total current assets
$702.9M
$560.5M
$586.5M
$541.7M
Long term deposits
$20.0M
$6.0M
$75.0M
$47.0M
Marketable securities
$87.9M
$81.8M
—
—
Other Non-Current Assets
$15.4M
$9.6M
$7.1M
$4.9M
Deferred tax assets, net
$3.7M
$2.6M
$724.0K
$117.0K
Other assets, net
$2.1M
$1.9M
$2.6M
$427.0K
Property, Plant and Equipment
$56.8M
$44.2M
$37.1M
$30.4M
Intangible Assets
$11.7M
$15.1M
$602.0K
$584.0K
Goodwill
$74.3M
$74.3M
—
—
Total non-current assets
$271.8M
$235.7M
$123.1M
$83.4M
Total assets
$974.7M
$796.2M
$709.7M
$625.2M
Accounts Payable
$40.9M
$37.8M
$31.2M
$35.1M
Other Non-Operating Current Liabilities
$89.1M
$69.8M
$45.5M
$51.1M
Total current liabilities
$130.0M
$107.5M
$76.8M
$86.3M
Deferred tax liabilities, net
$5.2M
$5.8M
—
—
Other long-term liabilities
$14.6M
$10.0M
$10.2M
$6.9M
Convertible notes
$198.5M
$197.4M
$196.3M
$195.2M
Total Non current liabilities
$218.3M
$213.2M
$206.5M
$202.1M
Total liabilities
$348.3M
$320.7M
$283.2M
$288.4M
Ordinary shares NIS 0.01 par value, 100,000,000 shares authorized at June 30, 2025 and at December 31, 2024; 47,794,821 issued shares at June 30, 2025 and 47,541,682 at December 31, 2024; 45,702,445 shares outstanding at June 30, 2025 and 45,449,306 at December 31, 2024;
178.0K
177.0K
175.0K
172.0K
Additional Paid-In Capital
$223.2M
$207.6M
$193.6M
$182.2M
Accumulated other comprehensive income
$1.2M
($534.0K)
—
—
Retained Earnings
$403.8M
$270.1M
$234.5M
$156.3M
Total shareholders' equity before treasury stock
$628.4M
$477.3M
$428.3M
$338.7M
Treasury stock, at cost (2,092,376 shares as of June 30, 2025 and December 31, 2024)
-1.9M
-1.9M
-1.9M
-1.9M
Total shareholders' equity
$626.5M
$475.4M
$426.4M
$336.8M
Total liabilities and shareholders' equity
$974.7M
$796.2M
$709.7M
$625.2M
Cash flow statement
Camtek Ltd. 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
$50.7M
$118.5M
$78.6M
$79.9M
Depreciation Expense
$11.8M
$10.7M
$5.8M
$4.1M
Deferred tax benefit
($15.3M)
($1.8M)
($1.3M)
($777.0K)
Amortization of debt issuance costs
$1.7M
$1.1M
$1.1M
$1.1M
Share based compensation expense
$16.9M
$14.5M
$12.6M
$10.5M
Provision for Doubtful Accounts (CF)
($47.0K)
$34.0K
$100.0K
($7.0K)
Other non-cash expenses
$28.0K
$260.0K
—
—
Other expenses
$100.9M
—
—
—
Financial income related to finance lease liabilities
$902.0K
($102.0K)
—
—
Amortization of marketable securities
($1.6M)
—
—
—
Trade accounts receivable, gross
$7.6M
($12.2M)
($1.9M)
($22.0M)
Inventories
($8.3M)
($32.2M)
($13.7M)
($9.5M)
Due from related parties
($5.0K)
$3.0K
($3.0K)
$0
Other assets
($4.3M)
($3.7M)
($6.8M)
($6.3M)
Trade accounts payable
($13.2M)
$4.3M
$10.1M
($2.1M)
Other current liabilities
($6.4M)
$22.9M
($5.4M)
$2.9M
Change in operating lease asset
($769.0K)
($1.1M)
—
—
Change in operating lease liability
$1.2M
$967.0K
—
—
Net cash provided by operating activities
$141.9M
$122.2M
$79.3M
$57.8M
Proceeds from acquisition
$0
$1.3M
—
—
Proceeds from (investment in) short-term deposits, net
($180.4M)
($15.8M)
$36.3M
($95.5M)
Proceeds from (investment in) long-term deposits
$26.0M
($5.0M)
$58.0M
($47.0M)
Purchase of fixed assets
($14.4M)
($10.1M)
($8.1M)
($8.2M)
Purchase of intangible assets
($403.0K)
($261.0K)
($173.0K)
($97.0K)
Purchase of marketable securities
($215.2M)
($45.8M)
($103.5M)
—
Redemption of marketable securities
$74.1M
$19.7M
$11.9M
—
Net cash used in investing activities
($310.3M)
($55.9M)
($107.5M)
($150.8M)
Proceeds from Stock Issuance
$0
$42.0K
$182.0K
$3.0K
Finance lease liability
($331.0K)
($42.0K)
—
—
Dividend payment
$0
($60.0M)
—
—
Convertible Notes issued
$500.0M
—
$0
$0
Issuance costs for Convertible Notes
($13.7M)
—
—
—
Redemption of Convertible Notes
($267.0M)
—
—
—
Net cash (used in) provided by financing activities
$219.0M
($60.0M)
$182.0K
$3.0K
Effect of Exchange Rate on Cash
$1.1M
($26.0K)
($241.0K)
($795.0K)
Net increase (decrease) in cash and cash equivalents
$51.6M
$6.3M
($28.2M)
($93.8M)
Cash and cash equivalents at beginning of the year
$126.2M
$120.0M
$148.2M
$241.9M
Cash and cash equivalents at end of the year
$177.8M
$126.2M
$120.0M
$148.2M
Working capital (excluding cash and cash equivalents)
$0
$0
($15.3M)
—
Fixed assets, net
$0
$0
($1.6M)
—
Intangible assets
$0
$0
($16.9M)
—
Goodwill
$0
$0
($74.3M)
—
Deferred taxes liabilities, net
$0
$0
$7.2M
—
Working capital adjustments
$0
$1.3M
($1.3M)
—
Capitalized share-based compensation
$0
$1.3M
($102.3M)
—
Camtek Ltd. cash flow statement, quarters
Line item
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Jun 30, 2022 · YTD
Net income
$68.0M
$52.8M
$35.8M
$37.6M
Depreciation Expense
$5.7M
$5.0M
$2.4M
$1.8M
Deferred tax income
($1.0M)
($1.7M)
$280.0K
$110.0K
Amortization of debt issuance costs
$547.0K
$547.0K
$547.0K
$547.0K
Share based compensation expense
$8.3M
$7.2M
$6.5M
$5.6M
Provision for Doubtful Accounts (CF)
$30.0K
$112.0K
$0
$0
Other non-cash expenses
$28.0K
—
—
—
Financial (income) expense related to finance lease liabilities
$662.0K
—
—
—
Trade accounts receivable
($13.1M)
$19.3M
$1.8M
($14.3M)
Inventories
($27.6M)
($14.5M)
$171.0K
($13.5M)
Due from related parties
($15.0K)
($1.0K)
$0
—
Other assets
$85.0K
($9.4M)
($5.4M)
($2.1M)
Trade accounts payable
($5.8M)
($4.7M)
($231.0K)
$1.2M
Other current liabilities
$11.1M
$15.5M
($9.4M)
($4.1M)
Change in operating lease asset
$884.0K
—
—
—
Change in operating lease liability
($625.0K)
—
—
—
Net cash provided by operating activities
$47.1M
$70.1M
$32.7M
$12.9M
Proceeds from acquisition
$0
—
—
—
Proceeds from (investment in) short-term deposits (net)
$27.0M
($41.0M)
$57.0M
($179.0M)
Proceeds from (investment in) long-term deposits (net)
$6.0M
$15.0M
$0
($15.0M)
Purchase of fixed assets
($5.6M)
($5.1M)
($4.8M)
($3.8M)
Purchase of intangible assets
($225.0K)
($126.0K)
($60.0K)
($28.0K)
Purchase of marketable securities
($25.7M)
($25.7M)
—
—
Redemption of marketable securities
$16.7M
$11.9M
—
—
Net cash provided by (used in) investing activities
$18.2M
($43.7M)
$52.2M
($197.8M)
Proceeds from Stock Issuance
$0
$29.0K
$0
$2.0K
Finance lease liability
($60.0K)
—
—
—
Dividend payment
$0
($60.0M)
—
—
Net cash used in financing activities
($60.0K)
($60.0M)
$0
$2.0K
Effect of Exchange Rate on Cash
$528.0K
($230.0K)
($243.0K)
($1.0M)
Net increase (decrease) in cash and cash equivalents
$65.8M
($33.8M)
$84.6M
($185.9M)
Cash and cash equivalents at beginning of the period
$126.2M
$120.0M
$148.2M
$241.9M
Cash and cash equivalents at end of the period
$192.0M
$86.2M
$232.8M
$56.0M
Working capital adjustments
$0
—
—
—
Income taxes paid
$7.4M
$4.5M
$9.6M
$454.0K
Interest received
$13.1M
$6.1M
$6.9M
$1.0M
Net Cash from Financing Activities
$1.3M
$1.0M
$735.0K
$689.0K
Fixed assets purchased with supplier credit
$496.0K
$550.0K
$371.0K
$680.0K
Right-of-use asset recognized with corresponding operating lease liability
$255.0K
—
—
—
Right-of-use asset recognized with corresponding financial lease liability