TAT Technologies Ltd (TATT) financial statements: income statement, balance sheet and cash flow
TAT Technologies 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), TAT Technologies Ltd reported revenue of $178.0M (+17.0% year on year) and net income of $16.8M (+50.6% year on year).
Income statement
TAT Technologies Ltd income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues
$178.0M
$152.1M
$113.8M
$84.6M
Total cost of revenues
$133.9M
$119.1M
$91.3M
$68.6M
Gross profit
$44.1M
$33.0M
$22.5M
$15.9M
Research and Development Expense
$1.4M
$1.2M
$715.0K
$479.0K
Selling and marketing
$8.6M
$7.7M
$5.5M
$5.6M
General and administrative
$15.7M
$11.9M
$10.6M
$10.0M
Other income
($404.0K)
($383.0K)
($433.0K)
($90.0K)
Total operating expenses
$25.3M
$20.5M
$16.4M
$17.7M
Operating income
$18.8M
$12.5M
$6.1M
($1.8M)
Interest expense
$1.0M
($1.5M)
($1.7M)
—
Other financial (expenses) income, net
($325.0K)
($477.0K)
$353.0K
($902.0K)
Income before taxes on income
$17.5M
$10.6M
$4.7M
($1.6M)
Provision for income taxes
$2.1M
$195.0K
$576.0K
$98.0K
Income before share of equity investment
$15.3M
$10.4M
$4.2M
($1.7M)
Share in profit of equity investment of affiliated companies
$1.5M
$809.0K
$503.0K
$184.0K
Net income
$16.8M
$11.2M
$4.7M
($1.6M)
Earnings per share - Basic
$1.39
$1.08
$0.52
-$0.17
Earnings per share - Diluted
$1.37
$1.00
$0.51
-$0.17
Weighted average shares outstanding - Basic
12.1M
10.4M
9.0M
8.9M
Weighted average shares outstanding - Diluted
12.3M
11.2M
9.1M
8.9M
TAT Technologies Ltd income statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Total revenues
$94.1M
$41.1M
$131.5M
$85.2M
Total cost
$70.7M
$31.1M
$99.1M
$64.5M
Gross profit
$23.4M
$10.0M
$32.4M
$20.8M
Research and Development Expense
$1.1M
$571.0K
$887.0K
$564.0K
Selling and marketing
$4.7M
$2.2M
$6.1M
$4.1M
General and administrative
$8.9M
$4.3M
$11.5M
$7.5M
Total operating expenses
$14.7M
$7.0M
$18.5M
$12.2M
Operating income
$8.6M
$3.0M
$13.9M
$8.6M
Gain On Sale Of Equity Investment
$4.3M
—
—
—
Interest expenses
($330.0K)
($148.0K)
($835.0K)
($659.0K)
Other financial expenses, net
($181.0K)
$187.0K
($293.0K)
($499.0K)
Income before taxes on income
$12.4M
$3.0M
$12.7M
$7.4M
Provision for income taxes
$2.1M
$145.0K
$1.6M
$803.0K
Income before share of equity investment
$10.4M
$2.9M
$11.1M
$6.6M
Share in profits of equity investment of affiliated companies
$1.1M
$521.0K
$983.0K
$611.0K
Net income
$11.5M
$3.4M
$12.1M
$7.3M
Basic
$0.88
$0.26
$1.03
$0.65
Diluted
$0.87
$0.26
$1.02
$0.64
Basic
13.0M
13.0M
11.8M
11.2M
Diluted
13.2M
13.2M
11.9M
11.4M
Balance sheet
TAT Technologies 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
$51.3M
$7.1M
$16.0M
$7.7M
Accounts receivable, net of allowance for credit losses of $172 and $400 thousands as of December 31, 2025 and 2024, respectively
$33.4M
$29.7M
$20.0M
$15.6M
Inventory
$75.5M
$68.5M
$51.3M
$45.8M
Prepaid expenses and other current assets
$6.1M
$7.8M
$6.4M
$6.0M
Total current assets
$166.3M
$113.2M
$94.3M
$75.2M
Property, Plant and Equipment
$46.9M
$41.6M
$42.6M
$43.4M
Operating Lease Right-of-Use Asset
$5.8M
$2.3M
$2.7M
$2.5M
Intangible Assets
$1.5M
$1.6M
$1.8M
$1.6M
Equity Method Investments
$4.9M
$2.9M
$2.2M
$1.7M
Restricted Cash, Non-Current
$307.0K
$305.0K
$302.0K
$304.0K
Funds in respect of employee rights upon retirement
$398.0K
$654.0K
$664.0K
$780.0K
Deferred tax assets
$639.0K
$877.0K
$994.0K
$1.2M
Total non-current assets
$60.4M
$50.1M
$51.3M
$51.5M
Total assets
$226.7M
$163.4M
$145.6M
$126.7M
Current Portion of Long-Term Debt
$2.2M
$2.1M
$2.2M
$1.9M
Short term loans
$0
$4.3M
$12.1M
$6.1M
Accounts Payable
$13.0M
$12.2M
$10.0M
$10.2M
Accrued expenses and other
$17.3M
$18.6M
$14.0M
$9.7M
Current maturities of operating lease liabilities
$1.5M
$939.0K
$1.0M
$904.0K
Total current liabilities
$34.0M
$38.1M
$39.3M
$29.0M
Long-Term Debt
$9.5M
$10.9M
$12.9M
$19.4M
Operating lease liabilities
$4.4M
$1.3M
$1.7M
$1.5M
Liability in respect of employee rights upon retirement
$770.0K
$986.0K
$1.0M
$1.1M
Deferred tax liabilities
$1.7M
—
—
—
Total non-current liabilities
$16.4M
$13.3M
$15.6M
$22.1M
Total liabilities
$50.3M
$51.4M
$54.9M
$51.1M
Ordinary shares of NIS 0 par value. Authorized: 19,000,000 shares at December 31, 2025 and 13,000,000 shares at December 31, 2024 Issued:13,257,610 and 11,214,831 shares at December 31, 2025 and 2024, respectively Outstanding: 12,983,137 and 10,940,358 shares at December 31, 2025 and 2024, respectively
0
0
3.1M
2.8M
Additional Paid-In Capital
$136.6M
$89.7M
$76.3M
$66.2M
Treasury shares, at cost, 274,473 shares at December 31, 2025 and 2024
-2.1M
-2.1M
-2.1M
-2.1M
Accumulated other comprehensive income (loss)
$643.0K
($76.0K)
$27.0K
($26.0K)
Retained Earnings
$41.3M
$24.4M
$13.3M
$8.6M
Total shareholders' equity
$176.4M
$112.0M
$90.7M
$75.6M
Total liabilities and shareholders' equity
$226.7M
$163.4M
$145.6M
$126.7M
TAT Technologies Ltd balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and Cash Equivalents
$54.6M
$51.2M
$47.1M
$43.1M
Accounts receivable, net of allowance for credit losses of $228 and $172 as of June 30, 2026, and December 31, 2025, respectively
$38.8M
$30.5M
$33.3M
$32.3M
Inventory
$85.2M
$81.7M
$78.2M
$76.4M
Prepaid expenses and other current assets
$7.0M
$8.4M
$6.3M
$6.6M
Total current assets
$185.7M
$171.8M
$164.9M
$158.5M
Property, Plant and Equipment
$47.0M
$47.2M
$46.2M
$44.6M
Operating Lease Right-of-Use Asset
$5.3M
$5.5M
$5.4M
$3.5M
Intangible Assets
$1.9M
$1.4M
$1.5M
$1.6M
Equity Method Investments
$5.7M
$5.5M
$4.5M
$4.2M
Funds in respect of employee rights upon retirement
$446.0K
$400.0K
$736.0K
$709.0K
Deferred tax assets
$573.0K
$706.0K
$683.0K
$295.0K
Restricted Cash, Non-Current
$0
$310.0K
$297.0K
$291.0K
Total non-current assets
$60.9M
$61.0M
$59.2M
$55.2M
Total assets
$246.6M
$232.8M
$224.1M
$213.6M
Current maturities of long-term debts
$164.0K
$2.3M
$2.2M
$2.1M
Accounts Payable
$18.5M
$15.5M
$16.9M
$15.6M
Accrued expenses and other current liabilities
$18.3M
$17.4M
$16.7M
$15.3M
Current maturities of operating lease liabilities
$1.5M
$1.4M
$1.4M
$993.0K
Total current liabilities
$38.5M
$36.6M
$37.1M
$33.9M
Long-term debts, net
$11.0M
$8.9M
$9.9M
$10.3M
Operating lease liabilities
$4.0M
$4.2M
$4.1M
$2.5M
Liability in respect of employee rights upon retirement
$853.0K
$772.0K
$1.1M
$1.1M
Deferred tax liabilities
$3.3M
$1.8M
$1.3M
—
Total non-current liabilities
$19.2M
$15.7M
$16.3M
$13.9M
COMMITMENTS AND CONTINGENCIES
$0
$0
$0
$0
Total liabilities
$57.7M
$52.3M
$53.4M
$47.9M
Ordinary shares of NIS 0 par value Authorized: 19,000,000 shares at June 30, 2026, and at December 31, 2025 Issued:13,272,610 shares at June 30, 2026, and 13,257,610 shares at December 31, 2025 Outstanding: 12,998,137 shares at June 30, 2026, and 12,983,137 shares at December 31, 2025
0
0
0
0
Additional Paid-In Capital
$137.6M
$137.1M
$135.7M
$135.6M
Treasury stock at cost
($2.1M)
($2.1M)
($2.1M)
($2.1M)
Accumulated other comprehensive income
$727.0K
$834.0K
$499.0K
$600.0K
Retained Earnings
$52.7M
$44.7M
$36.5M
$31.7M
Total shareholders' equity
$188.9M
$180.5M
$170.7M
$165.8M
Total liabilities and shareholders' equity
$246.6M
$232.8M
$224.1M
$213.6M
Cash flow statement
TAT Technologies 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
$16.8M
$11.2M
—
—
Depreciation Expense
$5.1M
$5.5M
$4.7M
$3.7M
Loss (gain) from change in fair value of derivatives
$0
$22.0K
($9.0K)
$8.0K
Net change in operating right of use asset and operating lease liability
$112.0K
$18.0K
$22.0K
—
Noncash financial expenses (income)
$1.9M
($187.0K)
($172.0K)
—
Decrease in restructuring plan provision
$0
($63.0K)
($126.0K)
($467.0K)
Change in allowance for credit losses
($228.0K)
$55.0K
($182.0K)
$138.0K
Share in results of affiliated companies
($1.5M)
($809.0K)
($503.0K)
($184.0K)
Share based compensation
$1.2M
$395.0K
$159.0K
$218.0K
Capital gains from sale of property, plant and equipment
($401.0K)
($478.0K)
($530.0K)
($90.0K)
Deferred Income Tax (CF)
$1.9M
$117.0K
$235.0K
$23.0K
increase in trade accounts receivable
($3.5M)
($9.7M)
($4.2M)
($2.7M)
Decrease (increase) in other current assets and prepaid expenses
$2.2M
($1.5M)
($341.0K)
($1.5M)
increase in inventory
($7.5M)
($17.2M)
($5.4M)
($5.1M)
Increase (decrease) in trade accounts payable
$359.0K
$2.2M
($245.0K)
$1.1M
Increase (decrease) in accrued expenses and other
($1.5M)
$4.7M
$4.2M
$2.7M
Net cash provided by (used in) operating activities
$15.0M
($5.8M)
—
—
Proceeds from sale of property, plant and equipment
$900.0K
$1.3M
$2.0M
$93.0K
Purchase of property, plant and equipment
($11.0M)
($5.1M)
($5.1M)
($16.2M)
Purchase of intangible assets
$0
$0
($479.0K)
$0
Net cash used in investing activities
($10.1M)
($3.9M)
($3.6M)
($16.1M)
Repayments of long-term loans
($2.1M)
($2.0M)
($1.7M)
($1.1M)
Net change in short term loans
($4.3M)
($7.7M)
—
—
Proceeds from Debt Issuance
$0
$0
$1.0M
$0
Proceeds from issuance of ordinary shares and exercise of underwriters’ option
48.5M
—
—
—
Issuance costs of ordinary shares and exercise of the underwriters' option
-3.2M
—
—
—
Proceeds from exercise of options
$282.0K
$0
$165.0K
$189.0K
Net cash provided by financing activities
$39.2M
$161.0K
$10.2M
$15.8M
Net increase (decrease) in cash and cash equivalents and restricted cash
$44.1M
($9.5M)
$8.9M
($5.2M)
Cash and cash equivalents and restricted cash at beginning of period
$7.4M
$16.9M
$8.0M
$13.2M
Cash and cash equivalents and restricted cash at end of period
$51.6M
$7.4M
—
—
Net Cash from Operating Activities
$3.9M
$983.0K
$0
($902.0K)
Reclassification of inventory to property, plant and equipment
$579.0K
$155.0K
$68.0K
—
Interest paid
$1.0M
($1.4M)
($1.4M)
($796.0K)
TAT Technologies Ltd cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$11.5M
$3.4M
$12.1M
$7.3M
Depreciation Expense
$2.7M
$1.3M
$3.8M
$2.5M
Non-cash financial expenses
$352.0K
$331.0K
$634.0K
$508.0K
Gain on sale of equity investment
($4.3M)
—
—
—
Change in allowance for credit losses
$55.0K
$69.0K
($79.0K)
$25.0K
Share in profits of equity investment of affiliated companies
($1.1M)
($521.0K)
($983.0K)
($611.0K)
Share based compensation
$853.0K
$493.0K
$680.0K
$513.0K
Deferred Income Tax (CF)
$1.7M
$85.0K
$1.5M
$582.0K
Decrease (increase) in trade accounts receivable
($5.4M)
$2.9M
($3.6M)
($2.6M)
Increase in inventory
($9.9M)
($6.4M)
($9.1M)
($7.3M)
Decrease (increase) in prepaid expenses and other current assets
($812.0K)
($2.3M)
$1.5M
$1.2M
Increase in trade accounts payable
$4.9M
$2.5M
$4.7M
$3.4M
Increase (decrease) in accrued expenses and other current liabilities
$952.0K
$102.0K
($1.8M)
($3.6M)
Net cash provided by (used in) operating activities
$1.4M
$1.9M
$9.4M
$1.9M
Proceeds from sale of equity investment
$4.5M
—
—
—
Purchase of property and equipment
($2.6M)
($1.4M)
($8.9M)
($6.2M)
Net cash provided by (used in) investing activities
$1.9M
($1.4M)
($8.9M)
($6.2M)
Repayment of short-term debts
$0
—
—
—
Repayments of long-term debts
($11.3M)
($551.0K)
($1.6M)
($1.1M)
Proceeds from issuance of ordinary shares and exercise of the underwriters' option
0
—
48.5M
48.5M
Issuance costs of ordinary shares and exercise of the underwriters' option
0
—
-3.2M
-2.8M
Proceeds from long term debt, net
$10.9M
—
—
—
Proceeds from exercise of options
$136.0K
—
—
—
Net cash provided by (used in) financing activities
($259.0K)
($551.0K)
$39.5M
$40.3M
Net decrease in cash and cash equivalents and restricted cash
$3.1M
($21.0K)
$40.0M
$36.0M
Cash and cash equivalents and restricted cash at beginning of period
$51.6M
$51.6M
$7.4M
$7.4M
Cash and cash equivalents and restricted cash at the end of period
$54.6M
$51.5M
$47.4M
$43.5M
Net Cash from Operating Activities
$299.0K
$82.0K
$3.8M
$1.8M
Reclassification between inventory and property, plant and equipment
$0
$0
$579.0K
$579.0K
Unpaid Issuance Costs On Long Term Debt And Issuance Of Shares
152.0K
—
—
—
Unpaid Addition To Property And Equipment And Intangible Assets