Graham Corp (GHM) financial statements: income statement, balance sheet and cash flow
Graham 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 (Mar 31, 2026 · FY), Graham Corp reported revenue of $245.3M (+16.9% year on year) and net income of $12.5M (+2.2% year on year).
Income statement
Graham Corp income statement, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Net sales
$245.3M
$209.9M
$185.5M
$157.1M
Cost of products sold
$187.5M
$157.0M
$144.9M
$131.7M
Gross profit
$57.8M
$52.9M
$40.6M
$25.4M
Selling, general and administrative
$41.6M
$37.1M
$32.2M
$23.1M
Selling, general and administrative – amortization
$1.8M
$1.7M
$1.4M
$1.1M
Other operating (income) expense, net
($621.0K)
($1.2M)
$80.0K
$0
Operating income
$15.0M
$15.2M
$6.9M
$1.3M
Loss on extinguishment of debt
$0
$0
$726.0K
—
Other expense, net
$514.0K
$364.0K
$374.0K
($250.0K)
Interest (income) expense, net
($257.0K)
($583.0K)
—
—
Total other expenses (income)
$257.0K
($219.0K)
$1.3M
$689.0K
Income before provision for income taxes
$14.8M
$15.4M
$5.6M
$561.0K
Provision for income taxes
$2.3M
$3.2M
$1.0M
$194.0K
Net Income
$12.5M
$12.2M
$4.6M
$367.0K
Net income
$1.14
$1.12
$0.42
$0.03
Net income
$1.12
$1.11
$0.42
$0.03
Basic
11.0M
10.9M
10.7M
10.6M
Diluted
11.1M
11.1M
10.8M
10.7M
Graham Corp income statement, quarters
Line item
Jun 30, 2026 · Q1
Dec 31, 2025 · Q3
Sep 30, 2025 · Q2
Jun 30, 2025 · Q1
Net sales
$71.3M
$56.7M
$66.0M
$55.5M
Cost of products sold
$53.5M
$43.2M
$51.7M
$40.8M
Gross profit
$17.8M
$13.5M
$14.3M
$14.7M
Selling, general and administrative
$12.6M
$10.1M
$9.8M
$9.4M
Selling, general and administrative – amortization
$507.0K
$435.0K
$437.0K
$436.0K
Other operating expense (income), net
$588.0K
($219.0K)
($191.0K)
($76.0K)
Operating income
$4.2M
$3.1M
$4.3M
$5.0M
Other expense, net
$89.0K
$90.0K
$116.0K
$128.0K
Interest income, net
($120.0K)
($169.0K)
($68.0K)
($177.0K)
Income before provision for income taxes
$4.2M
$3.2M
$4.2M
$5.0M
Provision for income taxes
$271.0K
$358.0K
$1.1M
$418.0K
Net income
$3.9M
$2.8M
$3.1M
$4.6M
Net income
$0.34
$0.26
$0.28
$0.42
Net income
$0.33
$0.25
$0.28
$0.42
Basic
11.6M
11.0M
11.0M
10.9M
Diluted
11.7M
11.2M
11.1M
11.0M
Balance sheet
Graham Corp balance sheet, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Cash and cash equivalents
$6.6M
$21.6M
$16.9M
$18.3M
Trade accounts receivable, net of allowances ($195 and $630 at March 31, 2026 and 2025, respectively)
$33.8M
$35.5M
$44.4M
$24.0M
Unbilled revenue
$59.9M
$38.5M
$28.0M
$39.7M
Inventories
$50.8M
$40.0M
$33.4M
$26.3M
Prepaid expenses and other current assets
$4.3M
$4.2M
$3.6M
$1.5M
Income taxes receivable
$1.2M
$1.5M
—
$302.0K
Total current assets
$156.5M
$141.4M
$126.3M
$110.1M
Property, plant and equipment, net
$60.3M
$50.6M
$32.1M
$25.5M
Prepaid pension asset
$6.6M
$6.0M
$6.4M
$6.1M
Operating lease assets
$6.7M
$6.4M
$7.3M
$8.2M
Goodwill
$38.1M
$25.5M
$25.5M
$23.5M
Finite-Lived Intangible Assets, Net
$38.7M
$23.6M
$25.8M
$19.9M
Other intangible assets, net
$13.5M
$6.9M
$7.2M
$7.6M
Deferred income tax asset
$131.0K
$1.5M
$3.0M
$2.8M
Other assets
$3.2M
$2.4M
$724.0K
$158.0K
Total assets
$323.6M
$264.1M
$233.9M
$203.9M
Current portion of finance lease obligations
$23.0K
$21.0K
$20.0K
$29.0K
Accounts payable
$25.7M
$27.3M
$20.8M
$20.2M
Accrued compensation
$21.5M
$19.2M
$16.8M
$10.4M
Accrued expenses and other current liabilities
$4.7M
$4.3M
$6.7M
$6.4M
Customer deposits
$102.4M
$84.1M
$72.0M
$46.0M
Operating lease liabilities
$1.8M
$1.3M
$1.2M
$1.0M
Income taxes payable
$5.0K
$0
$715.0K
$16.0K
Total current liabilities
$156.3M
$136.2M
$118.2M
$86.2M
Long-term debt
$13.0M
—
$0
$9.7M
Finance lease obligations
$21.0K
$44.0K
$65.0K
$85.0K
Operating lease liabilities
$5.3M
$5.5M
$6.4M
$7.5M
Deferred income tax liability
$897.0K
—
—
$108.0K
Accrued pension and postretirement benefit liabilities
$1.1M
$1.2M
$1.3M
$1.3M
Other long-term liabilities
$6.6M
$1.6M
$2.3M
$2.0M
Total liabilities
$183.3M
$144.5M
$128.3M
$107.0M
Common stock, $0.10 par value, 25,500 shares authorized; 11,247 and 11,077 shares issued and 11,073 and 10,903 shares outstanding at March 31,2026 and 2025, respectively
1.1M
1.1M
1.1M
1.1M
Capital in excess of par value
$41.7M
$34.6M
$32.0M
$28.1M
Retained earnings
$106.7M
$94.2M
$82.0M
$77.4M
Accumulated other comprehensive loss
($5.8M)
($7.0M)
($7.0M)
($7.5M)
Treasury stock (174 at March 31, 2026 and 2025, respectively)
($3.4M)
($3.4M)
($2.5M)
($2.2M)
Total stockholders’ equity
$140.3M
$119.6M
$105.6M
$96.9M
Total liabilities and stockholders’ equity
$323.6M
$264.1M
$233.9M
$203.9M
Graham Corp balance sheet, quarters
Line item
Jun 30, 2026
Dec 31, 2025
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$27.0M
$22.3M
$20.6M
$10.8M
Trade accounts receivable, net of allowances ($287 and $195 at June 30 and March 31, 2026, respectively)
$49.8M
$31.7M
$42.1M
$34.7M
Unbilled revenue
$65.9M
$57.8M
$50.1M
$39.4M
Inventories
$49.4M
$48.5M
$42.4M
$37.4M
Prepaid expenses and other current assets
$5.4M
$3.5M
$4.0M
$4.1M
Income taxes receivable
$941.0K
$19.0K
$182.0K
$1.3M
Total current assets
$198.4M
$163.8M
$159.4M
$127.5M
Property, plant and equipment, net
$60.7M
$57.3M
$56.5M
$53.3M
Prepaid pension asset
$6.7M
$6.1M
$6.0M
$6.0M
Operating lease assets
$6.3M
$5.6M
$5.9M
$6.2M
Goodwill
$37.3M
$26.2M
$25.5M
$25.5M
Finite-Lived Intangible Assets, Net
$37.7M
$22.8M
$22.6M
$23.1M
Other intangible assets, net
$13.4M
$6.8M
$6.8M
$6.8M
Deferred income tax asset
$134.0K
$1.5M
$1.4M
$1.4M
Other assets
$3.3M
$3.0M
$2.8M
$2.6M
Total assets
$364.0M
$292.9M
$287.0M
$252.3M
Current portion of finance lease obligations
$24.0K
$23.0K
$22.0K
$22.0K
Accounts payable
$24.7M
$17.5M
$26.9M
$20.7M
Accrued compensation
$13.1M
$18.5M
$14.8M
$12.1M
Accrued expenses and other current liabilities
$8.3M
$4.5M
$3.9M
$4.1M
Customer deposits
$113.1M
$112.0M
$104.9M
$82.8M
Operating lease liabilities
$1.8M
$1.5M
$1.4M
$1.4M
Income taxes payable
$0
$660.0K
$90.0K
—
Total current liabilities
$161.1M
$154.7M
$151.9M
$121.1M
Long-term debt
$0
—
—
—
Finance lease obligations
$15.0K
$27.0K
$32.0K
$38.0K
Operating lease liabilities
$5.0M
$4.5M
$4.9M
$5.2M
Deferred income tax liability
$1.1M
$74.0K
$164.0K
$115.0K
Accrued pension and postretirement benefit liabilities
$1.1M
$1.2M
$1.2M
$1.2M
Other long-term liabilities
$3.4M
$1.1M
$1.2M
$1.3M
Total liabilities
$171.8M
$161.6M
$159.4M
$129.0M
Preferred stock, $1.00 par value, 500 shares authorized
0
0
0
0
Common stock, $0.10 par value, 25,500 shares authorized, 11,901 and 11,247 shares issued and 11,727 and 11,073 shares outstanding at June 30 and March 31, 2026, respectively
1.2M
1.1M
1.1M
1.1M
Capital in excess of par value
$89.4M
$35.3M
$34.6M
$33.6M
Retained earnings
$110.6M
$104.8M
$101.9M
$98.8M
Accumulated other comprehensive loss
($5.7M)
($6.4M)
($6.7M)
($6.8M)
Treasury stock (174 shares at June 30 and March 31, 2026)
-3.4M
-3.4M
-3.4M
-3.4M
Total stockholders’ equity
$192.2M
$131.3M
$127.6M
$123.4M
Total liabilities and stockholders’ equity
$364.0M
$292.9M
$287.0M
$252.3M
Cash flow statement
Graham Corp cash flow statement, fiscal years
Line item
Mar 31, 2026 · FY
Mar 31, 2025 · FY
Mar 31, 2024 · FY
Mar 31, 2023 · FY
Net income
$12.5M
$12.2M
$4.6M
$367.0K
Depreciation
$5.3M
$3.7M
$3.3M
$3.5M
Amortization
$2.5M
$2.2M
$2.2M
$2.5M
Adjustments for credit losses
($256.0K)
—
—
—
Amortization of unrecognized prior service cost and actuarial losses
$840.0K
$781.0K
$843.0K
$672.0K
Amortization of debt issuance costs
$0
$0
$131.0K
$212.0K
Equity-based compensation expense
$2.1M
$2.0M
$1.3M
$806.0K
Gain on disposal or sale of property, plant and equipment
($52.0K)
$0
($5.0K)
$0
Change in fair value of contingent consideration
($568.0K)
($1.2M)
$80.0K
$0
Loss on extinguishment of debt
$0
$0
$726.0K
—
Deferred income taxes
$1.9M
$1.5M
($472.0K)
($120.0K)
Accounts receivable
$5.9M
$8.0M
($20.7M)
$1.5M
Unbilled revenue
($21.4M)
($10.6M)
$11.9M
($14.2M)
Inventories
($6.8M)
($6.6M)
($6.2M)
($9.9M)
Income taxes receivable
$326.0K
($2.2M)
$998.0K
$139.0K
Prepaid expenses and other current and non-current assets
($121.0K)
($2.2M)
($2.2M)
($97.0K)
Operating lease assets
$1.4M
$1.3M
$1.2M
$1.2M
Prepaid pension asset
($115.0K)
($234.0K)
($287.0K)
($651.0K)
Accounts payable
($794.0K)
$3.5M
$401.0K
$3.5M
Accrued compensation, accrued expenses and other current and non-current liabilities
($1.8M)
$639.0K
$6.0M
$2.7M
Customer deposits
$16.4M
$12.1M
$25.6M
$20.5M
Operating lease liabilities
($1.4M)
($1.3M)
($1.1M)
($1.0M)
Long-term portion of accrued compensation, accrued pension liability and accrued postretirement benefits
($63.0K)
($33.0K)
($45.0K)
($628.0K)
Net cash provided by operating activities
$15.9M
$24.3M
$28.1M
$13.9M
Purchase of property, plant and equipment
($16.1M)
($19.0M)
($9.2M)
($3.7M)
Proceeds from disposal of property, plant and equipment
$274.0K
$0
$44.0K
$0
Acquisitions, net of cash acquired
($27.3M)
($170.0K)
($6.8M)
$0
Net cash used by investing activities
($43.1M)
($19.1M)
($16.0M)
($3.7M)
Borrowings of debt obligations
$33.0M
$0
$13.0M
$5.0M
Principal repayments on debt
($20.0M)
$0
($25.5M)
($11.0M)
Repayments on finance lease obligations
($335.0K)
($320.0K)
($287.0K)
($275.0K)
Payment of debt exit costs
$0
$0
($752.0K)
—
Payment of debt issuance costs
$0
$0
($241.0K)
($122.0K)
Issuance of common stock
$832.0K
$653.0K
$476.0K
—
Tax withholdings related to net share settlements of restricted stock units and awards
($1.5M)
—
—
—
Net cash provided (used) by financing activities
$12.0M
($521.0K)
($13.4M)
($6.4M)
Effect of exchange rate changes on cash
$179.0K
($30.0K)
($53.0K)
($208.0K)
Net (decrease) increase in cash and cash equivalents
($15.0M)
$4.6M
($1.3M)
$3.5M
Cash and cash equivalents at beginning of year
$21.6M
$16.9M
$18.3M
$14.7M
Cash and cash equivalents at end of year
$6.6M
$21.6M
$16.9M
$18.3M
Graham Corp cash flow statement, quarters
Line item
Jun 30, 2026 · Q1
Dec 31, 2025 · YTD
Sep 30, 2025 · YTD
Jun 30, 2025 · Q1
Net income
$3.9M
$10.5M
$7.7M
$4.6M
Depreciation
$1.7M
$3.7M
$2.2M
$1.0M
Amortization of intangible Assets
$1.1M
$1.5M
$997.0K
$499.0K
Amortization of actuarial losses
$173.0K
$630.0K
$420.0K
$210.0K
Equity-based compensation expense
$645.0K
$1.7M
$1.1M
$532.0K
Loss on disposal or sale of property, plant and equipment
$11.0K
($38.0K)
$1.0K
—
Change in fair value of contingent consideration
$577.0K
($486.0K)
($267.0K)
($76.0K)
Deferred income taxes
$157.0K
($39.0K)
$191.0K
$262.0K
Accounts receivable
($16.0M)
$4.2M
($7.1M)
$839.0K
Unbilled revenue
($6.0M)
($19.3M)
($11.6M)
($865.0K)
Inventories
$1.2M
($8.5M)
($2.4M)
$2.6M
Prepaid expenses and other current and non-current assets
($1.9M)
$4.0K
($377.0K)
($167.0K)
Income taxes receivable
$237.0K
$1.5M
$1.2M
$123.0K
Operating lease assets
$366.0K
$1.0M
$664.0K
$331.0K
Prepaid pension asset
($36.0K)
($105.0K)
($70.0K)
($35.0K)
Accounts payable
($592.0K)
($6.7M)
$2.7M
($3.3M)
Accrued compensation, accrued expenses and other current and non-current liabilities
($8.6M)
($551.0K)
($4.7M)
($7.3M)
Customer deposits
$10.8M
$27.8M
$20.9M
($1.3M)
Operating lease liabilities
($360.0K)
($995.0K)
($650.0K)
($319.0K)
Long-term portion of accrued compensation, accrued pension and postretirement benefit liabilities
($1.0K)
($2.0K)
($1.0K)
($1.0K)
Net cash (used) provided by operating activities
($12.7M)
$16.1M
$11.3M
($2.3M)
Purchase of property, plant and equipment
($2.6M)
($13.5M)
($11.1M)
($7.0M)
Acquisitions, net of cash acquired
$1.6M
($895.0K)
$0
$0
Net cash used by investing activities
($1.0M)
($14.2M)
($11.1M)
($7.0M)
Borrowings of debt obligations
$0
$8.0M
$8.0M
$6.0M
Principal repayments on debt
($13.0M)
($8.0M)
($8.0M)
($6.0M)
Repayments on financing lease obligations
($87.0K)
($251.0K)
($165.0K)
($82.0K)
Issuance of common stock
$50.0M
$458.0K
$458.0K
—
Stock issuance costs
($138.0K)
—
—
—
Tax withholdings related to net share settlements of restricted stock units and awards
($2.7M)
($1.5M)
($1.5M)
($1.5M)
Net cash provided (used) by financing activities
$34.0M
($1.3M)
($1.2M)
($1.6M)
Effect of exchange rate changes on cash
$21.0K
$141.0K
$65.0K
$53.0K
Net increase (decrease) in cash and cash equivalents