
RF Industries, Ltd. Income Statement 2025-1987 | RFIL
Brief overview of financial results at RF Industries, Ltd.
This overview is based on financial performance over the past five years. According to figures from RF Industries, Ltd., revenue changed from 43 million dollars to 80.6 million dollars over five years. Across the full period, sales moved by +87.2%; the average annual rate was 13.4%. Revenue followed a strong upward trend without signs of stagnation.
At the gross-profit level, the result moved from 11.6 million dollars to 26.7 million dollars, a change of +131.2%. The cost base moved more slowly than the top line, which supported margins. Gross profit as a share of revenue changed from 26.9% to 33.2%. A wider margin shows that the economics of the core business improved.
Over the period, EBITDA shifted from 611 thousand dollars to 4.2 million dollars, a change of +595.3%. The operating result outpaced sales and points to improving efficiency. Comparing the endpoints gives EBITDA margins of 1.4% and 5.3%. A wider margin confirms stronger operating efficiency.
Net income moved from −$81 thousand at the start to $75 thousand at the end. The company restored profitability by the end of the period.
Over the period, capitalization shifted from $46.5 million to $77.7 million (+67%). The valuation did not keep pace with the reported progress.
Conclusion
The results point to consistent and sustainable progress. The positive side is supported by a stronger gross margin, revenue expansion and improving net profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement RF Industries, Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 1987 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
77.7 M | 43.3 M | 32.7 M | 54 M | 79.8 M | 46.5 M | 57.9 M | 79.5 M | 20.3 M | 14.5 M | 38.3 M | 35.3 M | 105 M | 30.2 M | 22 M | 14.9 M | - | - |
Shares |
10.6 M | 10.5 M | 10.3 M | 10.3 M | 9.98 M | 9.71 M | 9.36 M | 9.11 M | 8.84 M | 8.79 M | 8.49 M | 8.22 M | 7.6 M | 6.91 M | 6.38 M | 5.86 M | - | 30 M |
Historical Prices |
7.3 | 4.13 | 3.18 | 5.25 | 8 | 4.91 | 6.71 | 7.12 | 2.6 | 1.61 | 3.88 | 3.36 | 7.26 | 3.14 | 2.66 | 2.55 | 1.88 | |
Net Income |
75 K | -6.6 M | -3.08 M | -3.08 M | 6.18 M | -81 K | 3.52 M | 5.85 M | 382 K | -4.09 M | 994 K | 1.44 M | 3.83 M | 2.61 M | 776 K | 1.22 M | - | - |
Revenue |
80.6 M | 64.9 M | 72.2 M | 72.2 M | 57.4 M | 43 M | 55.3 M | 50.2 M | 31 M | 30.2 M | 32.8 M | 23.1 M | 36.6 M | 30.2 M | 19.4 M | - | - | - |
Cost of Revenue |
53.8 M | 46 M | 52.6 M | 52.6 M | 39.7 M | 31.5 M | 39.7 M | 33.1 M | 16 M | - | - | - | - | - | - | - | - | - |
Gross Profit |
26.7 M | 18.9 M | 19.5 M | 19.5 M | 17.8 M | 11.6 M | 15.6 M | 17.1 M | 8.72 M | 8.46 M | 11.3 M | 10.5 M | 16 M | 13.2 M | 9.34 M | 8.16 M | - | - |
Operating Income |
1.78 M | -2.82 M | -3.8 M | -3.8 M | 4.42 M | -403 K | 4.46 M | 7.45 M | 203 K | -4.69 M | 799 K | 2.27 M | 6.7 M | 4.07 M | 1.14 M | 2 M | - | - |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 28.8 K | - | - | - |
EBITDA |
4.25 M | -287 K | -1.36 M | -2.11 M | 5.18 M | 611 K | 5.02 M | 7.96 M | 1.25 M | -808 K | 2.21 M | 2.86 M | 7.43 M | 4.68 M | 1.53 M | 2.22 M | - | - |
Operating Expenses |
25 M | 21.7 M | 23.3 M | 23.3 M | 13.4 M | 12 M | 11.2 M | 9.65 M | 8.35 M | 10.3 M | 10 M | 8.19 M | 9.19 M | 9.16 M | 8.2 M | 6.16 M | - | - |
General and Administrative Expenses |
22 M | 18.9 M | 20.2 M | 20.2 M | 11.9 M | - | - | - | - | - | - | - | - | - | - | 5.13 M | - | - |
All numbers in USD currency
Quarterly Income Statement RF Industries, Ltd.
| 2026-Q2 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
10.9 M | 10.7 M | 10.7 M | 10.7 M | 10.7 M | 10.6 M | 10.5 M | 10.5 M | 10.5 M | 10.4 M | 10.3 M | 10.3 M | 10.3 M | 10.2 M | 10.2 M | 10.1 M | 10.1 M | 9.86 M | 9.96 M | 9.98 M | 9.96 M | 9.56 M | 9.66 M | 9.71 M | 9.7 M | 9.31 M | 9.34 M | 9.36 M | 9.36 M | 8.88 M | 9.05 M | 9.2 M | 9.05 M | 8.83 M | 8.84 M | 8.84 M | 8.83 M | 8.72 M | 8.77 M | 8.83 M | 8.76 M | 8.29 M | 8.45 M | 8.55 M | 8.51 M | 8.14 M | 8.2 M | 8.25 M | 8.21 M | 7.07 M | 7.49 M | 7.8 M | 7.61 M | 7 M | 6.91 M | 6.87 M | 6.87 M | 5.9 M | 6.13 M | 6.49 M | 6.01 M |
Net Income |
879 K | -50 K | - | 392 K | -50 K | -245 K | - | -705 K | -4.29 M | -1.36 M | - | -1.64 M | 581 K | -1.16 M | 997 K | 771 K | 503 K | -403 K | 5.37 M | 926 K | 4.84 M | 26 K | -240 K | -82 K | -184 K | 640 K | 2.74 M | 1.04 M | 1.06 M | 454 K | 5.39 M | 1.73 M | 3.2 M | -194 K | 77 K | 192 K | 78 K | -353 K | -1.06 M | -597 K | -113 K | 65 K | 724 K | 211 K | 448 K | 265 K | 1.11 M | 372 K | 478 K | 1.48 M | 3.58 M | 917 K | 1.18 M | 115 K | 1.45 M | 735 K | 602 K | 351 K | 821 K | 63.5 K | 407 K |
Revenue |
20.7 M | 19 M | - | 19.8 M | 19 M | 19.2 M | - | 16.8 M | 16.1 M | 13.5 M | - | 15.7 M | 22.3 M | 18.3 M | 10.2 M | 23.8 M | 21.5 M | 16.9 M | 36.3 M | 15.3 M | 11.1 M | 12.4 M | 32.3 M | 9.54 M | 10.4 M | 10.6 M | 39.8 M | 15.5 M | 13.6 M | 10.3 M | 40.3 M | 11.8 M | 22.4 M | 6.62 M | 22.1 M | 7.81 M | 7.64 M | 6.78 M | 22.2 M | 7.64 M | 7.74 M | 6.89 M | 22.2 M | 8.32 M | 7.59 M | 5.85 M | 17.2 M | 5.54 M | 5.76 M | 9.9 M | 28.2 M | 9.48 M | 8.85 M | 5.56 M | 19.2 M | 7.32 M | 6.67 M | 4.14 M | 13.5 M | 4.95 M | 4.39 M |
Cost of Revenue |
13.4 M | 12.8 M | - | 13.1 M | 12.8 M | 13.5 M | - | 11.9 M | 11.3 M | 10.2 M | - | 11.8 M | 16.2 M | 13.3 M | 44.9 M | 16.6 M | 15.4 M | 7.4 M | 23.9 M | 10.2 M | 6.29 M | 9.16 M | 23.8 M | 6.81 M | 7.8 M | 7.5 M | 28.3 M | 11.2 M | 9.53 M | 5.5 M | 26.2 M | 7.78 M | 12.9 M | - | 16 M | 5.59 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
7.27 M | 6.12 M | - | 6.72 M | 6.12 M | 5.72 M | - | 4.96 M | 4.82 M | 3.3 M | - | 3.82 M | 6.12 M | 5.09 M | 17.4 M | 7.25 M | 6.08 M | 2.61 M | 12.4 M | 5.06 M | 4.77 M | 3.25 M | 8.57 M | 2.73 M | 2.59 M | 3.14 M | 11.5 M | 4.27 M | 4.09 M | 2.46 M | 14.1 M | 4.04 M | 7.65 M | 1.86 M | 6.03 M | 2.22 M | 1.95 M | 2.02 M | 6.5 M | 2.13 M | 2.35 M | 2.5 M | 7.63 M | 2.55 M | 2.86 M | 2.58 M | 7.82 M | 2.49 M | 2.75 M | 4.56 M | 12.5 M | 3.95 M | 3.95 M | 2.5 M | 8.71 M | 3.33 M | 3.02 M | 2.17 M | 6.82 M | 2.42 M | 2.24 M |
Operating Income |
1.1 M | 177 K | - | 719 K | 177 K | 56 K | - | -419 K | -415 K | -2.08 M | - | -2.01 M | 489 K | -1.17 M | 1.47 M | 1.09 M | 746 K | -589 K | 3.29 M | 1.2 M | 2.68 M | 1 K | -406 K | -220 K | -188 K | 786 K | 3.42 M | 1.28 M | 1.36 M | 358 K | 6.33 M | 2.02 M | 3.96 M | -359 K | -109 K | 184 K | 66 K | -571 K | -1.32 M | -667 K | -78 K | 26 K | 389 K | -57 K | 604 K | 339 K | 1.73 M | 628 K | 763 K | 2.02 M | 5.58 M | 1.76 M | 1.8 M | 201 K | 2.28 M | 1.16 M | 899 K | 528 K | 1.15 M | 125 | 622 K |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.98 K | - |
EBITDA |
2.33 M | 795 K | - | 1.34 M | 795 K | 672 K | - | 219 K | 218 K | -1.45 M | - | -1.38 M | 1.11 M | -628 K | 2.63 M | 1.62 M | 1.18 M | -352 K | 3.88 M | 1.37 M | 2.86 M | 256 K | 354 K | 288 K | 65 K | 923 K | 3.84 M | 1.55 M | 1.5 M | 485 K | 6.72 M | 2.14 M | 4.09 M | -139 K | 540 K | 399 K | 280 K | -299 K | -547 K | -426 K | 184 K | 216 K | 1.11 M | 273 K | 798 K | 488 K | 2.18 M | 779 K | 908 K | 2.18 M | 6.06 M | 1.92 M | 1.96 M | 362 K | 2.74 M | 1.32 M | 1.04 M | 578 K | 1.38 M | 127 K | 622 K |
Operating Expenses |
6.17 M | 5.94 M | - | 6 M | 5.94 M | 5.66 M | - | 5.38 M | 5.24 M | 5.39 M | - | 5.83 M | 5.63 M | 6.26 M | 15.9 M | 6.16 M | 5.33 M | 3.2 M | 9.14 M | 3.86 M | 2.09 M | 3.25 M | 8.98 M | 2.95 M | 2.77 M | 2.36 M | 8.08 M | 2.99 M | 2.73 M | 2.1 M | 7.81 M | 2.02 M | 3.69 M | 2.22 M | 6.14 M | 2.03 M | 1.89 M | 2.59 M | 7.82 M | 2.79 M | 2.43 M | 2.47 M | 7.24 M | 2.61 M | 2.25 M | 2.24 M | 6.09 M | 1.86 M | 1.99 M | 2.55 M | 6.88 M | 2.19 M | 2.15 M | 2.3 M | 6.43 M | 2.17 M | 2.12 M | 1.64 M | 5.67 M | 2.42 M | 1.62 M |
General and Administrative Expenses |
5.25 M | 5.09 M | - | 5.24 M | 5.09 M | 4.98 M | - | 4.73 M | 4.6 M | 4.62 M | - | 5.14 M | 4.75 M | 5.29 M | 13.8 M | 5.37 M | 4.48 M | 2.76 M | 8.1 M | 3.45 M | 1.88 M | 2.66 M | 7.42 M | 2.52 M | 2.25 M | 2.04 M | 7.05 M | 2.61 M | 2.4 M | 1.78 M | 6.59 M | 1.75 M | 3.06 M | 1.99 M | 5.49 M | 1.82 M | 1.68 M | 2.43 M | 7.26 M | 2.58 M | 2.25 M | 2.26 M | 6.67 M | 2.4 M | 2.06 M | 1.99 M | 5.4 M | 1.63 M | 1.78 M | 2.26 M | 6.28 M | 1.99 M | 1.94 M | 2.01 M | 5.59 M | 1.91 M | 1.84 M | 1.35 M | 4.77 M | 2.14 M | 1.28 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company RF Industries, Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.