Virginia National Bankshares Corp (VABK)
Virginia National Bankshares Corporation operates as the parent entity for Virginia National Bank, delivering a comprehensive suite of commercial banking solutions. Its operations are structured into four distinct divisions: the primary banking segment, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital. The institution provides a diverse range of deposit products, including checking accounts, demand deposits, NOW accounts, money market savings, time deposits, certificates of deposit (CDs), and individual retirement accounts (IRAs), among other related savings options. Furthermore, it extends various lending services, such as financing for commercial and industrial ventures, real estate loans for construction and land development, commercial property loans, mortgages for 1-4 family homes, and consumer credit offerings like student loans, revolving lines of credit, and installment loans. Ancillary services include access to automated teller machines (ATMs), online banking platforms, treasury management solutions, cash handling services, and merchant and debit card processing. The company also delivers wealth management, investment advisory, brokerage, insurance, and consulting services. Its specialized offerings extend to investment management, acting as a corporate trustee, trust and estate administration, IRA administration, in-house investment management, and custodial services. Its clientele encompasses private individuals, businesses, and non-profit organizations. As of December 31, 2021, the corporation maintained a network of sixteen full-service banking branches situated in the cities of Charlottesville, Manassas, Richmond, and Winchester, alongside locations in the counties of Albemarle, Fauquier, and Prince William. Established in 1998, Virginia National Bankshares Corporation's main office is located in Charlottesville, Virginia.
Sector: National Commercial Banks
Industry: Banks - Regional
Virginia National Bankshares Corporation
NASDAQ:VABKFinancial Services · Banks - Regional
-1.09%$49.15
AH Close$49.15+0.00%vs close
AH Close$49.15+0.00%vs close
Mkt Cap$266.65M
Float4.63M
O/S5.43M
Inst Own51.2%
SI1.0%
Div Yield2.93%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$83.34M
Net Income$19.26M
Total Assets$1.65B
Free Cash Flow$20.75M
Debt & Equity
Debt 14%
Equity 86%
Total Debt$29.75M
Total Equity$184.16M
Shares Outstanding
Short Interest
Split History2 splits
- 1.1:1Forward splitJun 25, 20191 share → 1.1
- 1.1:1Forward splitApr 2, 20181 share → 1.1
Balance Sheet Details
Assets$1.65B
Liabilities$1.47B
Accounts Receivable$6.21M
Accounts Payable$0
Inventory$0
PP&E (Net)$17.98M
Goodwill$7.77M
Intangible Assets$2.68M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 |
| Revenue | $83.34M | $82.61M | $79.09M | $69.99M | $58.74M | $33.8M | $31.56M | $31.01M | $28.21M | $24.39M | $21.85M | $20.63M | $33M | $28.94M | $22.96M | $26.38M | $24.98M | $20.04M | $21.39M | $20.63M | $16.64M | $12.99M | $11.35M | $9.43M | $8.82M |
| YoY Growth | 0.9% | 4.5% | 13.0% | 19.2% | 73.8% | 7.1% | 1.8% | 9.9% | 15.7% | 11.6% | 5.9% | -37.5% | 14.0% | 26.1% | -13.0% | 5.6% | 24.7% | -6.3% | 3.7% | 23.9% | 28.1% | 14.5% | 20.4% | 6.9% | - |
| Cost of Revenue | $25.87M | $28.95M | $21.75M | $3.29M | $4.3M | $4.97M | $5.65M | $4.66M | $1.65M | $1.05M | $1.44M | $1.23M | $1.16M | $1.2M | $0 | $26.38M | $24.98M | $20.04M | $21.39M | $4.79M | $3.03M | $1.89M | $2.29M | $1.95M | $2.93M |
| Gross Profit | $57.47M | $53.66M | $57.34M | $66.7M | $54.44M | $28.82M | $25.91M | $26.35M | $26.56M | $23.34M | $20.41M | $19.4M | $31.85M | $27.74M | $22.96M | $0 | $0 | $0 | $0 | $15.84M | $13.62M | $11.1M | $9.05M | $7.47M | $5.89M |
| Gross Margin | 69.0% | 65.0% | 72.5% | 95.3% | 92.7% | 85.3% | 82.1% | 85.0% | 94.1% | 95.7% | 93.4% | 94.0% | 96.5% | 95.8% | 100.0% | - | - | - | - | 76.8% | 81.8% | 85.4% | 79.8% | 79.3% | 66.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.91M | $17.36M | $17.71M | $19M | $17.91M | $10.06M | $9.79M | $8.75M | $8.75M | $9.63M | $10.77M | $11.37M | $15.66M | $10.96M | $17.91M | $8.91M | $8.62M | $6.96M | $5.65M | $6.68M | $5.38M | $4.78M | $3.69M | $3M | $2.48M |
| Other | $31.48M | $15.4M | $16.36M | $19.16M | $24.61M | $8.72M | $7.91M | $7.06M | $6.85M | $5.36M | $5.32M | $5.67M | $6.07M | $8.69M | $1.77M | -$4.46M | -$4.31M | -$3.48M | -$2.83M | $4.93M | $3.59M | $3.48M | $3.35M | $3.71M | $3.42M |
| Total Operating Expenses | $33.38M | $32.76M | $34.06M | $38.15M | $42.52M | $18.78M | $17.69M | $15.81M | $15.6M | $14.99M | $16.1M | $17.04M | $21.74M | $19.65M | $19.68M | $4.46M | $4.31M | $3.48M | $2.83M | $11.61M | $8.97M | $8.26M | $7.04M | $6.71M | $5.89M |
| Operating Income (EBIT) | $24.08M | $20.9M | $23.27M | $28.55M | $11.92M | $10.04M | $8.22M | $10.54M | $10.96M | $8.35M | $4.32M | $2.35M | $10.11M | $8.09M | $3.27M | $6.38M | $3.02M | $314K | $2.48M | $4.23M | $4.65M | $2.84M | $2.01M | $765K | $0 |
| Operating Margin | 28.9% | 25.3% | 29.4% | 40.8% | 20.3% | 29.7% | 26.0% | 34.0% | 38.8% | 34.2% | 19.8% | 11.4% | 30.6% | 28.0% | 14.2% | 24.2% | 12.1% | 1.6% | 11.6% | 20.5% | 27.9% | 21.9% | 17.7% | 8.1% | - |
| Interest Expense | $25.74M | $29.55M | $21.02M | $3.18M | $3.28M | $3.35M | $4.27M | $2.79M | $1.23M | $937K | $974K | $928K | $997K | $1.28M | $1.77M | $0 | $0 | $0 | $0 | $4.42M | $2.83M | $1.45M | $1.47M | $1.58M | $2.77M |
| Interest Income | $77.25M | $75.5M | $69.62M | $56.45M | $48.1M | $27.13M | $26.09M | $25.54M | $22.52M | $19.12M | $17.2M | $15.3M | $15.37M | $16.83M | $0 | $0 | $0 | $0 | $0 | $17.76M | $14.86M | $11.39M | $10.24M | $8.83M | $8.37M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$276K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $24.08M | $20.9M | $23.27M | $28.55M | $11.92M | $10.04M | $8.22M | $10.54M | $10.96M | $8.35M | $4.32M | $2.35M | $10.11M | $8.09M | $3.27M | $6.1M | $3.02M | $314K | $2.48M | $4.23M | $4.65M | $2.84M | $2.01M | $765K | $0 |
| Income Tax Expense | $4.82M | $3.93M | $4.01M | $5.11M | $1.85M | $2.06M | $1.53M | $2.07M | $4.4M | $2.6M | $1.2M | $456K | $3.21M | $2.61M | $930K | $2.07M | $1.07M | $202K | $1.01M | $1.57M | $1.56M | $901K | $638K | -$5K | $0 |
| Net Income | $19.26M | $16.97M | $19.26M | $23.44M | $10.07M | $7.98M | $6.69M | $8.47M | $6.55M | $5.75M | $3.12M | $1.9M | $6.9M | $5.48M | $2.34M | $4.03M | $1.95M | $112K | $1.48M | $2.67M | $3.09M | $1.94M | $1.37M | $770K | $743K |
| Net Income Margin | 23.1% | 20.5% | 24.4% | 33.5% | 17.1% | 23.6% | 21.2% | 27.3% | 23.2% | 23.6% | 14.3% | 9.2% | 20.9% | 18.9% | 10.2% | 15.3% | 7.8% | 0.6% | 6.9% | 12.9% | 18.5% | 14.9% | 12.1% | 8.2% | 8.4% |
| Supplementary Data | |||||||||||||||||||||||||
| EPS | 3.57 | 3.15 | 3.60 | 4.40 | 2.16 | 2.95 | 2.49 | 3.18 | 2.49 | 2.20 | 1.15 | 0.63 | 2.32 | 2.02 | 0.79 | 1.36 | 0.66 | 0.04 | 0.53 | 0.99 | 1.21 | 0.78 | 0.57 | 0.32 | 0.32 |
| Diluted EPS | 3.55 | 3.15 | 3.58 | 4.38 | 2.14 | 2.95 | 2.49 | 3.15 | 2.46 | 2.19 | 1.14 | 0.63 | 2.32 | 2.01 | 0.79 | 1.36 | 0.66 | 0.04 | 0.51 | 0.91 | 1.07 | 0.70 | 0.52 | 0.29 | 0.29 |
| Weighted Average OS | 5.39M | 5.37M | 5.36M | 5.32M | 5.31M | 2.71M | 2.69M | 2.67M | 2.64M | 2.61M | 2.79M | 2.97M | 2.97M | 2.72M | 2.97M | 2.96M | 2.96M | 2.92M | 2.79M | 2.71M | 2.54M | 2.41M | 2.41M | 2.37M | 2.37M |
| EBITDA | $28.07M | $25.16M | $28.04M | $33.63M | $16.32M | $12M | $9.41M | $11.77M | $12.21M | $9.62M | $5.48M | $3.5M | $11.38M | $9.53M | $4.83M | $7.77M | $4.68M | $1.7M | $3.35M | $5.13M | $5.44M | $3.82M | $3.13M | $1.94M | $1.03M |
| EBITDA Margin | 33.7% | 30.4% | 35.5% | 48.1% | 27.8% | 35.5% | 29.8% | 37.9% | 43.3% | 39.5% | 25.1% | 17.0% | 34.5% | 32.9% | 21.0% | 29.5% | 18.7% | 8.5% | 15.7% | 24.9% | 32.7% | 29.4% | 27.6% | 20.5% | 11.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 |
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash and Cash Equivalents | $5.8M | $17.1M | $28.39M | $40.09M | $356.38M | $8.12M | $14.91M | $11.74M | $11.39M | $10.05M | $14.2M | $12.83M | $12.87M | $15.65M | $0 | $0 | $0 | $0 | $0 | $14.86M | $14.36M | $6.96M | $9.28M | $7.18M | $4.91M |
| Short-Term Investments | $54.26M | $263.54M | $420.6M | $538.19M | $303.82M | $174.09M | $114.04M | $61.39M | $67.5M | $56.66M | $74.8M | $141.82M | $133.03M | $110.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $60.06M | $280.64M | $448.99M | $578.28M | $660.19M | $182.2M | $128.95M | $73.13M | $78.89M | $66.71M | $89M | $154.65M | $145.9M | $126.5M | $0 | $0 | $0 | $0 | $0 | $14.86M | $14.36M | $6.96M | $9.28M | $7.18M | $4.91M |
| Accounts Receivable | $6.21M | $0 | $14.29M | $13.51M | $13.3M | $6.34M | $9.16M | $5.87M | $6.42M | $6.7M | $5.24M | $5.8M | $16.79M | $11.11M | $0 | $0 | $0 | $0 | $0 | $4.75M | $3.63M | $2.99M | $2.35M | $1.67M | $1.31M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$60.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $85.89M | $78.98M | $87.67M | $75.37M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $5.8M | $280.64M | $463.27M | $591.78M | $673.5M | $188.54M | $138.11M | $79M | $85.31M | $73.41M | $94.24M | $160.45M | $162.68M | $137.61M | $0 | $85.89M | $78.98M | $87.67M | $75.37M | $19.61M | $17.99M | $9.95M | $11.63M | $8.85M | $6.22M |
| Long-Term Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment Net | $17.98M | $20.93M | $22.94M | $24.34M | $32.68M | $8.77M | $6.14M | $7.04M | $7.37M | $8.05M | $8.67M | $9.46M | $9.82M | $10.65M | $10.7M | $11.78M | $13.21M | $14.25M | $10.59M | $4.55M | $3.54M | $3.64M | $4.09M | $4.14M | $4.28M |
| Goodwill | $7.77M | $7.77M | $7.77M | $7.77M | $8.14M | $372K | $372K | $372K | $372K | $372K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $2.68M | $3.79M | $5.09M | $6.59M | $8.54M | $341K | $408K | $477K | $579K | $680K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.49B | $1.23B | $1.08B | $931.83M | $1.06B | $603.95M | $535.32M | $532.3M | $524.74M | $478.45M | $420.1M | $310.09M | $296.67M | $287.58M | $0 | $0 | $0 | $6M | $0 | $249.08M | $250.87M | $217.32M | $186.32M | $146.18M | $109.54M |
| Deferred Tax Assets | $12.08M | $15.41M | $15.38M | $17.32M | $4.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.61M | $2.32M | $1.88M | $1.69M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$1.49B | $60.77M | $47.29M | $43.73M | $189.26M | $46.44M | $22.27M | $25.61M | $25.52M | $44.08M | $44.48M | $57.05M | $43.81M | $71.76M | -$12.56M | $358.5M | $347.16M | $291.76M | $261M | $29.28M | $12.93M | $46.09M | $11.7M | $11.44M | $22.58M |
| Total Long-Term Assets | $40.51M | $1.34B | $1.18B | $1.03B | $1.3B | $659.87M | $564.52M | $565.8M | $558.58M | $531.62M | $473.25M | $376.6M | $350.31M | $369.99M | -$100K | $372.89M | $362.7M | $313.89M | $273.28M | $282.9M | $267.34M | $267.06M | $202.11M | $161.76M | $136.4M |
| Other Assets | $1.6B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $464.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.65B | $1.62B | $1.65B | $1.62B | $1.97B | $848.41M | $702.63M | $644.8M | $643.89M | $605.03M | $567.62M | $537.05M | $512.99M | $507.61M | $464M | $458.78M | $441.68M | $401.57M | $348.66M | $302.51M | $285.33M | $277M | $213.75M | $170.61M | $142.62M |
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $3.95M | $2.02M | $3.55M | $1.46M | $5.31M | $1.52M | $1.73M | $1.63M | $1.57M | $1.71M | $8.21M | $4.25M | $700K | $0 | $0 | $0 | $0 | $1.31M | $762K | $748K | $406K | $316K | $536K |
| Short-Term Debt | $0 | $236K | $3.46M | $0 | $0 | $0 | $0 | $0 | $34.09M | $19.7M | $23.16M | $18M | $16.3M | $4M | $2.6M | $1.8M | $3.61M | $2.84M | $11.11M | $9.55M | $9.31M | $6.26M | $6.57M | $6.35M | $8.51M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.43B | $1.42B | $1.41B | $1.48B | $1.8B | $730.76M | $621.21M | $572.53M | $542.96M | $524.65M | $486.47M | $456.72M | $430.46M | $445.42M | $0 | $257.98M | $270.67M | $240.08M | $234.6M | $260.06M | $247.34M | $245.89M | $184.31M | $143.63M | $115.33M |
| Total Current Liabilities | $1.43B | $1.42B | $1.42B | $1.48B | $1.8B | $732.22M | $626.52M | $574.06M | $578.78M | $545.98M | $511.19M | $476.42M | $454.96M | $453.67M | $3.3M | $259.78M | $274.28M | $242.92M | $245.71M | $270.92M | $257.42M | $252.9M | $191.29M | $150.29M | $124.38M |
| Long-Term Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | $23.55M | $23.51M | $69.96M | $3.41M | $3.37M | $30M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $484K | $388K | $394K | $58K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $4.1M | $3.85M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $153M | $126.11M | $119.97M | $66.79M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $33.85M | $32.74M | $76.46M | $9.59M | $10.47M | $33.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $153.48M | $126.5M | $120.36M | $66.85M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $411.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.47B | $1.46B | $1.49B | $1.49B | $1.81B | $765.81M | $626.52M | $574.06M | $578.78M | $545.98M | $511.24M | $476.42M | $455.04M | $453.67M | $415.1M | $413.26M | $400.78M | $363.28M | $312.55M | $270.92M | $257.42M | $252.9M | $191.29M | $150.29M | $124.38M |
| Stockholders' Equity | |||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $175K | $175K | $175K | $175K | $0 |
| Common Stock | $13.33M | $13.26M | $13.26M | $13.21M | $13.18M | $6.72M | $6.72M | $6.36M | $6.03M | $5.92M | $6.03M | $6.72M | $6.72M | $6.72M | $6.7M | $5.84M | $5.84M | $5.82M | $5.68M | $5.38M | $5.12M | $4.89M | $4.89M | $4.68M | $4.68M |
| Retained Earnings | $94.17M | $82.51M | $73.78M | $63.48M | $46.44M | $41.96M | $37.23M | $38.65M | $37.78M | $32.76M | $28.26M | $25.98M | $24.75M | $18.25M | $12.8M | $16.57M | $12.54M | $10.59M | $10.48M | $9M | $6.33M | $3.25M | $1.31M | -$65K | -$835K |
| Comprehensive Income & Other | -$30.67M | -$41.86M | -$40.04M | -$48.62M | -$2.21M | $1.46M | -$43K | -$1.28M | -$883K | -$779K | -$118K | $44K | -$1.43M | $1.15M | -$11.5M | $917K | $738K | $669K | $2K | -$130K | -$217K | $81K | $377K | $441K | $251K |
| Other Stockholders' Equity | $76.67M | $64.53M | $66M | $56.72M | $102.37M | $33.92M | $32.15M | $25.74M | $21.3M | $20.37M | $22.1M | $27.93M | $26.48M | $28.96M | $29.4M | $23.11M | $22.53M | $21.88M | $19.95M | $17.21M | $16.46M | $15.96M | $16.26M | $15.7M | $14.39M |
| Total Equity | $184.16M | $160.3M | $153.04M | $133.42M | $161.99M | $82.6M | $76.11M | $70.74M | $65.11M | $59.05M | $56.38M | $60.63M | $57.96M | $53.94M | $48.9M | $45.52M | $40.9M | $38.29M | $36.1M | $31.59M | $27.91M | $24.1M | $22.46M | $20.32M | $18.23M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.65B | $1.62B | $1.65B | $1.62B | $1.97B | $848.41M | $702.63M | $644.8M | $643.89M | $605.03M | $567.62M | $537.05M | $512.99M | $507.61M | $464M | $458.78M | $441.68M | $401.57M | $348.66M | $302.51M | $285.33M | $277M | $213.75M | $170.61M | $142.62M |
| Supplementary Data | |||||||||||||||||||||||||
| Total Debt | $29.75M | $29.13M | $79.92M | $9.59M | $10.47M | $33.59M | $0 | $0 | $34.09M | $19.7M | $23.16M | $18M | $16.3M | $4M | $2.6M | $1.8M | $3.61M | $2.84M | $11.11M | $9.55M | $9.31M | $6.26M | $6.57M | $6.35M | $8.51M |
| Net Debt | $23.95M | $12.03M | $51.53M | -$30.5M | -$345.9M | $25.47M | -$14.91M | -$11.74M | $22.7M | $9.65M | $8.96M | $5.16M | $3.43M | -$11.65M | $2.6M | $1.8M | $3.61M | $2.84M | $11.11M | -$5.3M | -$5.05M | -$694K | -$2.71M | -$834K | $3.6M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | $19.26M | $16.97M | $19.26M | $23.44M | $10.07M | $7.98M | $6.69M | $8.47M | $6.55M | $5.75M | $3.12M | $1.9M | $6.9M | $5.48M | $2.34M | $4.03M | $1.95M | $112K | $1.48M | $2.67M | $3.09M | $1.94M | $1.37M | $770K | $743K |
| Depreciation & Amortization | $3.99M | $4.26M | $4.77M | $5.08M | $4.4M | $1.96M | $1.2M | $1.23M | $1.25M | $1.27M | $1.16M | $1.15M | $1.27M | $1.44M | $1.55M | $1.67M | $1.66M | $1.38M | $869K | $893K | $793K | $980K | $1.12M | $1.17M | $1.03M |
| Deferred Income Tax | $352K | -$10K | -$473K | -$138K | $702K | -$214K | $91K | -$234K | $768K | $77K | $373K | -$61K | -$292K | -$216K | $780K | $0 | $0 | $0 | $0 | -$251K | -$175K | -$225K | $0 | $0 | $0 |
| Stock-Based Compensation | $972K | $968K | $727K | $687K | $521K | $264K | $534K | $65K | $10K | $28K | $30K | $52K | $106K | $105K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | $676K | -$1.36M | $52K | -$828K | -$2.6M | -$946K | $545K | $910K | -$509K | -$1.31M | $194K | $10.33M | -$3.75M | -$6.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$1.35M | -$799K | -$863K | -$1.34M | $1.57M | -$951K | -$504K | -$415K | $241K | -$458K | -$174K | -$6.57M | $4.04M | $3.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.3M | $1.05M | -$5.31M | -$4.53M | $702K | -$364K | -$300K | $86K | -$560K | -$687K | -$487K |
| Total Working Capital Change | -$678K | -$2.16M | -$811K | -$2.16M | -$1.03M | -$1.9M | $41K | $495K | -$268K | -$1.77M | $20K | $3.76M | $288K | -$2.45M | -$3.3M | $1.05M | -$5.31M | -$4.53M | $702K | -$364K | -$300K | $86K | -$560K | -$687K | -$487K |
| Other Non-Cash Items | -$2.56M | -$4.73M | -$9.57M | -$4.22M | -$1.6M | $1.17M | $794K | $1.74M | $481K | -$66K | $832K | $842K | $354K | $1.2M | $3.6M | $1.14M | $2M | $1.19M | $1.14M | $370K | $198K | $442K | $830K | $370K | $162K |
| Net Cash from Operating | $21.33M | $15.29M | $13.9M | $22.68M | $13.06M | $9.25M | $9.35M | $11.76M | $8.79M | $5.29M | $5.54M | $7.64M | $8.63M | $5.56M | $4.97M | $7.89M | $293K | -$1.84M | $4.19M | $3.31M | $3.6M | $3.22M | $2.76M | $1.62M | $1.45M |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$582K | -$733K | -$1.17M | -$546K | -$1.29M | -$199K | -$189K | -$846K | -$463K | -$585K | -$367K | -$803K | -$462K | -$1.52M | -$460K | -$287K | -$1.27M | -$5.04M | -$6.91M | -$1.77M | -$532K | -$248K | -$846K | -$877K | -$749K |
| Acquisitions | $0 | $0 | $0 | $0 | $153.28M | -$50K | -$50K | -$100K | -$300K | -$700K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$83.16M | -$316.35M | -$74.43M | -$167.36M | -$79.75M | $0 | -$45.29M | -$18.98M | -$26.77M | -$44.28M | -$66.61M | -$58.95M | $0 | -$30.37M | -$17.69M | -$634K | -$16.44M | -$5.08M | -$23.34M | -$9.9M | -$15.93M | -$13.25M | -$14.24M |
| Sales of Investments | $28.91M | $154.22M | $214.39M | $22.72M | $31.72M | $109.23M | $28.44M | $5.94M | $34.02M | $35.87M | $92.92M | $37.01M | $45.75M | $30.69M | $0 | $2M | $11M | $15.05M | $10.33M | $33.5M | $5M | $7.75M | $10.96M | $5.13M | $3.25M |
| Other Investing Activities | $3.47M | -$137.74M | -$149.83M | $126.98M | $152.91M | -$71.58M | -$3.22M | -$9.43M | -$49.29M | -$58.48M | -$109.6M | -$12.74M | -$15.94M | $4.03M | -$25.99M | $16.62M | -$37.87M | -$56.35M | -$6.24M | -$27M | -$16.01M | -$30.02M | -$36.32M | -$28.75M | -$16.58M |
| Net Cash from Investing | $31.8M | $15.75M | -$19.77M | -$167.2M | $262.19M | -$129.95M | -$54.77M | -$4.44M | -$61.32M | -$42.87M | -$43.82M | -$20.81M | -$37.27M | -$25.76M | -$26.45M | -$12.04M | -$45.82M | -$46.97M | -$19.27M | -$350K | -$34.88M | -$32.42M | -$42.14M | -$37.75M | -$28.31M |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | - | $45.91M | -$66.5M | - | $42.58M | -$30M | - | - | - | - | - | - | - | - | -$822K | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $35K | $0 | $18K | $23K | $30K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $796K | $2.27M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$559K | $0 | $0 | $0 | $0 | -$5K | $0 | $0 | -$1.26M | -$6.34M | -$262K | $0 | $0 | -$7K | -$9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$7.6M | -$7.09M | -$7.07M | -$6.39M | -$6.41M | -$3.25M | -$3.14M | -$2.47M | -$1.39M | -$1.09M | -$891K | -$674K | -$403K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $8.19M | $14.45M | -$68.79M | -$317.82M | $247.85M | $109.55M | $48.78M | $10.75M | $18.68M | $34.91M | $34.93M | $28.14M | -$2.66M | $34.93M | $4.18M | $13.53M | $36.28M | $57.36M | $40.46M | $12.71M | $1.45M | $61.58M | $40.69M | $28.29M | $28.65M |
| Net Cash from Financing | $381K | -$42.33M | -$5.88M | -$324.19M | $198.89M | $136.31M | $45.63M | -$6.72M | $32.3M | $32.55M | $27.7M | $27.2M | -$3.07M | $34.93M | $5M | $11.71M | $37.07M | $49.89M | $44.28M | $13.89M | $5.52M | $61.27M | $41.74M | $27.26M | $29.6M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $53.51M | -$11.29M | -$11.75M | -$468.7M | $474.14M | $15.61M | $211K | $597K | -$20.22M | -$5.03M | -$10.58M | $14.04M | -$31.71M | $14.73M | -$16.48M | $0 | $0 | $0 | $0 | $16.85M | -$25.76M | $32.07M | $2.36M | -$8.87M | $2.73M |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | $21.33M | $15.29M | $13.9M | $22.68M | $13.06M | $9.25M | $9.35M | $11.76M | $8.79M | $5.29M | $5.54M | $7.64M | $8.63M | $5.56M | $4.97M | $7.89M | $293K | -$1.84M | $4.19M | $3.31M | $3.6M | $3.22M | $2.76M | $1.62M | $1.45M |
| Capital Expenditure | -$582K | -$733K | -$1.17M | -$546K | -$1.29M | -$199K | -$189K | -$846K | -$463K | -$585K | -$367K | -$803K | -$462K | -$1.52M | -$460K | -$287K | -$1.27M | -$5.04M | -$6.91M | -$1.77M | -$532K | -$248K | -$846K | -$877K | -$749K |
| Free Cash Flow | $20.75M | $14.56M | $12.73M | $22.14M | $11.77M | $9.05M | $9.16M | $10.91M | $8.33M | $4.71M | $5.17M | $6.84M | $8.16M | $4.04M | $4.51M | $7.6M | -$973K | -$6.88M | -$2.72M | $1.54M | $3.07M | $2.98M | $1.92M | $746K | $699K |
| Cash at Beginning | $17.1M | $28.39M | $40.14M | $508.84M | $34.7M | $19.09M | $18.87M | $18.28M | $38.5M | $43.53M | $54.11M | $40.07M | $71.78M | $57.04M | $0 | $0 | $0 | $0 | $0 | $27.29M | $53.05M | $20.98M | $18.62M | $27.49M | $24.76M |
| Cash at End | $70.61M | $17.1M | $28.39M | $40.14M | $508.84M | $34.7M | $19.09M | $18.87M | $18.28M | $38.5M | $43.53M | $54.11M | $40.07M | $71.78M | -$16.48M | $0 | $0 | $0 | $0 | $44.14M | $27.29M | $53.05M | $20.98M | $18.62M | $27.49M |