First Reliance Bancshares, Inc. (FSRL)
First Reliance Bancshares, Inc. functions as the parent entity for First Reliance Bank, delivering a broad spectrum of financial products and banking services across the United States. Its offerings include a variety of deposit accounts such as checking, savings, money market, and individual retirement accounts (IRAs), as well as certificates of deposit (CDs). The company also provides insurance solutions to its clients. Regarding lending, it extends various personal financing options, including unsecured, automobile, real estate-backed, and other loans, alongside overdraft protection and home equity lines of credit (HELOCs). For its commercial customers, the firm supplies business installment loans, commercial real estate financing, overdraft protection, and business lines of credit. Mortgage lending is another significant service, complementing its debit and credit card offerings. Additionally, First Reliance Bancshares provides treasury management services, indirect dealer financing, and modern digital banking solutions accessible through online and mobile platforms, in addition to its traditional business banking services. The company was established in 1999 and is headquartered in Florence, South Carolina.
Sector: Banks - Regional
Industry: Banks - Regional
First Reliance Bancshares, Inc.
OTC:FSRLFinancial Services · Banks - Regional
+0.00%$19.14
Mkt Cap$151.05M
Float7.12M
O/S7.89M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$69.64M
Net Income$10.91M
Total Assets$1.09B
Free Cash Flow$13.19M
Debt & Equity
Debt 32%
Equity 68%
Preferred 0%
Total Debt$44.11M
Total Equity$93.07M
Preferred Stock$1K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FSRL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.09B
Liabilities$1B
Accounts Receivable$4.35M
Accounts Payable$702K
Inventory$0
PP&E (Net)$28.02M
Goodwill$691K
Intangible Assets$14.66M
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Revenue | $69.64M | $39.26M | $51.91M | $42.16M | $40.86M | $51.15M | $36.63M | $32.59M | $24.96M | $23.8M | $20.1M | $19.36M | $19.11M | $25.35M | $28.03M | $32.84M | $39.64M | $41.25M | $42.84M | $36.31M | $26M | $15.67M | $10.64M | $8.67M |
| YoY Growth | 77.4% | -24.4% | 23.1% | 3.2% | -20.1% | 39.6% | 12.4% | 30.6% | 4.9% | 18.4% | 3.8% | 1.3% | -24.6% | -9.6% | -14.6% | -17.1% | -3.9% | -3.7% | 18.0% | 39.6% | 65.9% | 47.3% | 22.8% | - |
| Cost of Revenue | $20.79M | $0 | $15.42M | $3.16M | $2.02M | $3.87M | $5.96M | $3.69M | $2.17M | $1.31M | $1.62M | $1.87M | $3.06M | $6.43M | $11.92M | $15.2M | $30.04M | $22.23M | $20.08M | $15.61M | $10.79M | $5.42M | $3.25M | $2.69M |
| Gross Profit | $48.85M | $39.26M | $36.49M | $39M | $38.84M | $47.28M | $30.67M | $28.9M | $22.79M | $22.49M | $18.48M | $17.49M | $16.05M | $18.92M | $16.12M | $17.65M | $9.59M | $19.02M | $22.77M | $20.7M | $15.21M | $10.25M | $7.39M | $5.98M |
| Gross Margin | 70.1% | 100.0% | 70.3% | 92.5% | 95.1% | 92.4% | 83.7% | 88.7% | 91.3% | 94.5% | 92.0% | 90.4% | 84.0% | 74.6% | 57.5% | 53.7% | 24.2% | 46.1% | 53.1% | 57.0% | 58.5% | 65.4% | 69.4% | 69.0% |
| 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 |
| Selling, General, and Administrative | $1.2M | $1.17M | $1.11M | $1.49M | $1.34M | $1.54M | $1.54M | $1.04M | $852K | $925K | $1.06M | $9.4M | $9.91M | $10.25M | $8.99M | $9.53M | $10.33M | $10.18M | $11.19M | $9.86M | $7.43M | $4.97M | $3.34M | $2.64M |
| Other | $33.66M | $27.03M | $29.57M | $29.93M | $31.1M | $31.84M | $23.79M | $24.69M | $19.01M | $16.24M | $14.94M | $6.77M | $12.48M | $8.39M | $11.38M | $9.7M | $9.29M | $8.67M | $7.77M | $6.41M | $5.05M | $3.36M | $2.62M | $2.04M |
| Total Operating Expenses | $34.86M | $28.2M | $30.68M | $31.43M | $32.43M | $33.38M | $25.33M | $25.73M | $19.86M | $17.17M | $16M | $16.16M | $22.39M | $18.64M | $20.36M | $19.23M | $19.62M | $18.85M | $18.96M | $16.27M | $12.48M | $8.34M | $5.97M | $4.68M |
| Operating Income (EBIT) | $13.99M | $11.06M | $5.81M | $7.57M | $6.41M | $13.89M | $5.34M | $3.17M | $2.93M | $5.32M | $2.49M | $1.33M | -$6.34M | $283K | -$4.25M | -$1.59M | -$10.02M | $167K | $3.8M | $4.43M | $2.74M | $1.91M | $1.42M | $1.3M |
| Operating Margin | 20.1% | 28.2% | 11.2% | 18.0% | 15.7% | 27.2% | 14.6% | 9.7% | 11.7% | 22.4% | 12.4% | 6.9% | -33.2% | 1.1% | -15.1% | -4.8% | -25.3% | 0.4% | 8.9% | 12.2% | 10.5% | 12.2% | 13.3% | 15.0% |
| Interest Expense | $19.83M | $21.11M | $15.42M | $3.16M | $2.02M | $3.87M | $5.96M | $3.69M | $2.17M | $1.3M | $840K | $1.16M | $2.45M | $4.48M | $6.51M | $11.66M | $15.64M | $17.3M | $18.43M | $14.21M | $8.98M | $4.06M | $2.46M | $2.34M |
| Interest Income | $56.77M | $52.49M | $45.02M | $33.21M | $26.72M | $28.12M | $27.85M | $23.62M | $17.47M | $15.39M | $15.03M | $15.07M | $14.71M | $18.81M | $23.19M | $27.95M | $32.03M | $36.24M | $37.54M | $31.72M | $23.13M | $13.29M | $8.5M | $6.93M |
| Other Income (Expense) | $0 | -$3.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $13.99M | $7.66M | $5.81M | $7.57M | $6.41M | $13.89M | $5.34M | $3.17M | $2.93M | $5.32M | $2.49M | $1.33M | -$6.34M | $283K | -$4.25M | -$1.59M | -$10.02M | $167K | $3.8M | $4.43M | $2.74M | $1.91M | $1.42M | $1.3M |
| Income Tax Expense | $3.08M | $1.74M | $1.21M | $1.64M | $1.13M | $3.28M | $1.25M | $742K | $3.62M | $1.8M | -$6.33M | -$3.08M | $1.4M | $7K | $5.13M | -$1.44M | -$4.18M | -$459K | $1.25M | $1.18M | $789K | $571K | $404K | $406K |
| Net Income | $10.91M | $5.92M | $4.6M | $5.93M | $5.28M | $10.62M | $4.09M | $2.43M | -$689K | $3.52M | $8.81M | $4.41M | -$7.74M | $276K | -$9.38M | -$149K | -$5.84M | $626K | $2.56M | $3.25M | $1.95M | $1.34M | $1.02M | $894K |
| Net Income Margin | 15.7% | 15.1% | 8.9% | 14.1% | 12.9% | 20.8% | 11.2% | 7.5% | -2.8% | 14.8% | 43.8% | 22.8% | -40.5% | 1.1% | -33.5% | -0.5% | -14.7% | 1.5% | 6.0% | 8.9% | 7.5% | 8.5% | 9.5% | 10.3% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 1.39 | 0.75 | 0.59 | 0.76 | 0.68 | 1.34 | 0.52 | 0.31 | -0.13 | 0.58 | 1.64 | 0.68 | -1.80 | -0.22 | -2.29 | -0.04 | -1.64 | 0.18 | 0.74 | 0.96 | 0.60 | 0.52 | 0.48 | 0.62 |
| Diluted EPS | 1.31 | 0.71 | 0.56 | 0.73 | 0.65 | 1.32 | 0.51 | 0.31 | -0.13 | 0.57 | 1.60 | 0.67 | -1.80 | -0.22 | -2.29 | -0.04 | -1.64 | 0.18 | 0.72 | 0.91 | 0.57 | 0.48 | 0.46 | 0.59 |
| Weighted Average OS | 7.85M | 7.85M | 7.82M | 7.78M | 7.75M | 7.92M | 7.94M | 7.74M | 5.47M | 4.44M | 4.49M | 4.61M | 4.29M | 4.09M | 4.10M | 3.94M | 3.57M | 3.51M | 3.47M | 3.39M | 3.25M | 2.58M | 2.14M | 1.45M |
| EBITDA | $15.1M | $0 | $7.01M | $8.78M | $7.46M | $14.85M | $6.33M | $4.27M | $3.81M | $6.23M | $3.42M | $2.29M | -$5.4M | $1.23M | -$3.27M | -$492K | -$8.9M | $1.2M | $4.74M | $5.33M | $3.4M | $2.68M | $1.89M | $1.67M |
| EBITDA Margin | 21.7% | - | 13.5% | 20.8% | 18.3% | 29.0% | 17.3% | 13.1% | 15.3% | 26.2% | 17.0% | 11.9% | -28.3% | 4.9% | -11.7% | -1.5% | -22.5% | 2.9% | 11.1% | 14.7% | 13.1% | 17.1% | 17.8% | 19.3% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $4.03M | $47.23M | $21.94M | $34.06M | $150.38M | $98.94M | $40.59M | $34.81M | $24.73M | $27.2M | $20.16M | $22.95M | $18.35M | $38.16M | $44.12M | $25.77M | $53.8M | $5.45M | $7.16M | $17.33M | $7.26M | $3.8M | $4.69M | $3.79M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.86M | $11.26M | $0 | $0 | $0 | $0 | $4.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.03M | $47.23M | $21.94M | $34.06M | $150.12M | $98.94M | $40.59M | $34.81M | $24.73M | $45.06M | $31.42M | $22.95M | $18.35M | $38.16M | $44.12M | $30.13M | $53.8M | $5.45M | $7.16M | $17.33M | $7.26M | $3.8M | $4.69M | $3.79M |
| Accounts Receivable | $4.35M | $3.96M | $3.45M | $2.77M | $1.7M | $1.55M | $1.47M | $1.32M | $1.09M | $961K | $979K | $1.03M | $1.13M | $1.28M | $1.94M | $2.42M | $2.66M | $2.65M | $3.09M | $2.46M | $2.19M | $1.46M | $950K | $699K |
| Inventory | $0 | $0 | $0 | -$36.56M | -$151.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $23.75M | -$3.96M | -$3.45M | $36.56M | $152.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $32.13M | $47.23M | $21.94M | $36.82M | $152.22M | $100.49M | $42.07M | $36.13M | $25.83M | $46.02M | $32.4M | $23.98M | $19.48M | $39.44M | $46.06M | $32.54M | $56.46M | $8.1M | $10.26M | $19.79M | $9.45M | $5.26M | $5.64M | $4.49M |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $28.02M | $21.35M | $27.64M | $28.79M | $29.44M | $23.85M | $26.09M | $20.31M | $18.46M | $18.87M | $22.86M | $23.4M | $24.33M | $24.63M | $25.21M | $25.92M | $26.47M | $28.61M | $22.23M | $13.77M | $10.02M | $5.89M | $5.8M | $3.99M |
| Goodwill | $691K | $691K | $691K | $691K | $691K | $691K | $691K | $691K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $14.66M | $26K | $11.71M | $10.59M | $14.3M | $12.39M | $11.54M | $9.71M | $6.36M | $4.21M | $1.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $783.39M | $766.28M | $25.98M | $39.92M | $170.61M | $507.44M | $504.56M | $440.72M | $339.11M | $312.01M | $291.47M | $300.28M | $288.55M | $61.37M | $385.48M | $433.72M | $126.76M | $551.24M | $544.98M | $38.43M | $39.18M | $30.28M | $28.74M | $23.7M |
| Deferred Tax Assets | $7.77M | $7.71M | $9.39M | $10.15M | $5.51M | $3.45M | $6.58M | $7.92M | $4.46M | $8.46M | $9.95M | $3.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $226.69M | $231.53M | $874.96M | $811.67M | $539.41M | $61.86M | $70.09M | $69.5M | $64.4M | $18.54M | $17.62M | $16.9M | $23.05M | -$86M | $38.22M | $37.91M | -$153.23M | $16.25M | $14.23M | -$52.2M | -$49.2M | -$36.17M | -$34.54M | -$27.69M |
| Total Long-Term Assets | $1.06B | $1.02B | $950.37M | $901.82M | $759.96M | $609.68M | $619.54M | $548.86M | $432.79M | $362.1M | $342.91M | $343.77M | $335.93M | $86M | $448.91M | $497.55M | $153.23M | $596.1M | $581.45M | $52.2M | $49.2M | $36.17M | $34.54M | $27.69M |
| Other Assets | $0 | $490 | $3.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $292.84M | $0 | $0 | $435.82M | $0 | $0 | $384.22M | $344.39M | $243.53M | $140.18M | $83.9M |
| Total Assets | $1.09B | $1.07B | $975.77M | $938.64M | $912.18M | $710.17M | $661.61M | $584.99M | $458.62M | $408.12M | $375.31M | $367.76M | $355.41M | $418.28M | $494.97M | $530.09M | $645.51M | $604.2M | $591.7M | $456.21M | $403.04M | $284.97M | $180.36M | $116.08M |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $702K | $1.08M | $1.08M | $332K | $143K | $256K | $416K | $448K | $254K | $299K | $54K | $806K | $588K | $465K | $318K | $547K | $681K | $623K | $768K | $766K | $446K | $742K | $442K | $377K |
| Short-Term Debt | $20.67M | $0 | $6.1M | $8.17M | $12.21M | $0 | $0 | $0 | $0 | $17.98M | $8.2M | $7.57M | $4.88M | $0 | $0 | $477K | $0 | $15.15M | $21.29M | $0 | $15M | $2M | $2M | $100K |
| 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 |
| Current Unearned Revenue | $0 | $0 | $0 | -$332K | -$143K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $927.45M | $951.41M | $499.17M | $327.78M | $340.66M | $594M | $505.09M | $476.17M | $353.09M | $336.54M | $303.92M | $285.32M | $282.42M | -$931K | $427.82M | $455.25M | -$1.36M | $461.14M | $449.5M | -$1.53M | -$15.89M | -$3.48M | -$2.44M | -$477K |
| Total Current Liabilities | $948.82M | $1.08M | $506.34M | $335.95M | $353.01M | $594.26M | $505.5M | $476.62M | $353.35M | $355.12M | $312.23M | $294.5M | $288.47M | $465K | $428.13M | $456.82M | $681K | $477.53M | $472.32M | $766K | $15.45M | $2.74M | $2.44M | $477K |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $44.11M | $25.75M | $25.72M | $55.69M | $35.66M | $36.23M | $64.28M | $35.24M | $37.22M | $30.1M | $20.31M | $35.31M | $33.31M | $21.31M | $23.31M | $23.31M | $44.31M | $88.31M | $82.31M | $38.81M | $18.81M | $25.9M | $17.1M | $4.4M |
| Long-Term Unearned Revenue | $0 | $0 | $363.15M | $475.8M | $445.97M | $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 | $1.65M | $1.61M | $1.53M | $1.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $105K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7.36M | $963.59M | $2.74M | $977K | $16.58M | $10.95M | $34.75M | $20.96M | $17.9M | -$3.76M | $2.53M | $1.57M | $1.43M | -$21.31M | $2.4M | $1.37M | -$44.31M | $940K | $47K | -$38.81M | -$18.81M | -$25.9M | -$17.1M | -$4.4M |
| Total Long-Term Liabilities | $51.47M | $989.35M | $398.03M | $539.39M | $488.37M | $47.18M | $99.02M | $56.2M | $55.12M | $26.34M | $22.84M | $36.88M | $34.85M | $21.31M | $25.71M | $24.68M | $44.31M | $89.25M | $82.36M | $38.81M | $18.81M | $25.9M | $17.1M | $4.4M |
| Other Liabilities | $0 | -$1.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $355.3M | $0 | $0 | $555.29M | $0 | $0 | $382.54M | $339.13M | $228.97M | $143.12M | $102.56M |
| Total Liabilities | $1B | $989.35M | $904.37M | $875.34M | $841.38M | $641.44M | $604.53M | $532.82M | $408.47M | $381.45M | $335.08M | $331.39M | $323.32M | $377.08M | $453.85M | $481.5M | $600.28M | $566.78M | $554.68M | $422.12M | $373.39M | $257.61M | $162.66M | $107.43M |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $1K | $523 | $523 | $537 | $547 | $559 | $572 | $581 | $2.96M | $600 | $15.95M | $15.95M | $15.92M | $18.2M | $18.02M | $17.84M | $15.37M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $88K | $88K | $88K | $87K | $88K | $86K | $84K | $84K | $79K | $47K | $47K | $47K | $46K | $41K | $41K | $41K | $36K | $35K | $35K | $34K | $33K | $32K | $25K | $14K |
| Retained Earnings | $50.58M | $39.67M | $33.75M | $29.92M | $23.99M | $18.71M | $8.09M | $4M | $1.57M | $2.26M | -$1.26M | -$10.07M | -$14.45M | -$6.21M | -$6.3M | $4M | $5.27M | $11.84M | $11.42M | $8.86M | $5.61M | $3.66M | $2.33M | $1.31M |
| Comprehensive Income & Other | -$6.38M | -$12.09M | -$13.09M | -$16.17M | -$2.81M | $0 | $0 | $0 | $0 | -$233K | $35K | $122K | $204K | $1.48M | $1.86M | -$587K | -$1.27M | -$202K | -$154K | -$57K | -$112K | $242K | $246K | $228K |
| Other Stockholders' Equity | $42.4M | $38M | $37.56M | $33.29M | $46.73M | $49.93M | $48.91M | $48.08M | $48.5M | $24.36M | $41.45M | $46.39M | $46.49M | $47.36M | $47.38M | $44.55M | $39.92M | $25.55M | $25.58M | $25.2M | $24.01M | $23.66M | $15.35M | $7.32M |
| Total Equity | $93.07M | $77.76M | $71.4M | $63.3M | $70.8M | $68.73M | $57.09M | $52.17M | $50.15M | $26.67M | $40.23M | $36.37M | $32.09M | $41.2M | $41.12M | $48.59M | $45.22M | $37.43M | $37.03M | $34.09M | $29.65M | $27.36M | $17.7M | $8.64M |
| 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 |
| Total Liabilities and Equity | $1.09B | $1.07B | $975.77M | $938.64M | $912.18M | $710.17M | $661.61M | $584.99M | $458.62M | $408.12M | $375.31M | $367.76M | $355.41M | $418.28M | $494.97M | $530.09M | $645.51M | $604.2M | $591.7M | $456.21M | $403.04M | $284.97M | $180.36M | $116.08M |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $44.11M | $25.75M | $36.62M | $69.26M | $53.81M | $36.23M | $64.28M | $35.24M | $37.22M | $48.08M | $28.51M | $42.88M | $38.19M | $21.31M | $23.31M | $23.79M | $44.31M | $103.46M | $103.6M | $38.81M | $33.81M | $27.9M | $19.1M | $4.5M |
| Net Debt | $40.08M | -$21.47M | $14.68M | $35.2M | -$96.57M | -$62.71M | $23.68M | $430K | $12.49M | $20.88M | $8.35M | $19.94M | $19.84M | -$16.85M | -$20.81M | -$1.98M | -$9.49M | $98.01M | $96.43M | $21.48M | $26.55M | $24.1M | $14.41M | $710K |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | $10.91M | $5.92M | $4.6M | $5.93M | $5.28M | $10.62M | $4.09M | $2.43M | -$689K | $3.52M | $8.81M | $4.41M | -$7.74M | $276K | -$9.38M | -$149K | -$5.84M | $626K | $2.56M | $3.25M | $1.95M | $1.34M | $1.02M | $894K |
| Depreciation & Amortization | $1.12M | $1.21M | $1.2M | $1.21M | $1.06M | $958K | $986K | $1.1M | $883K | $909K | $931K | $968K | $935K | $947K | $977K | $1.1M | $1.12M | $1.03M | $938K | $904K | $658K | $774K | $475K | $368K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.62M | -$6.75M | -$3.49M | $1.4M | $173K | $5.13M | -$2.06M | -$1.51M | -$1.61M | -$413K | -$276K | -$136K | -$51K | $28K | -$6K |
| Stock-Based Compensation | $0 | $0 | $1.45M | $55K | $83K | $59K | $59K | $352K | $45K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | $0 | -$505K | -$688K | -$1.06M | -$157K | -$72K | -$155K | -$94K | -$133K | $18K | $55K | $96K | $147K | $662K | $478K | $244K | -$8K | $440K | $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 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $245K | -$752K | $218K | $122K | $148K | -$230K | -$134K | $58K | -$144K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.41M | -$3.63M | $1.63M | -$2.25M | $1.55M | -$6.23M | -$3.58M | -$2.27M | -$3.01M | -$2.93M | -$1.57M | $62K | $1.4M | -$653K | $1.19M | $3.47M | -$7.14M | $440K | -$15.25M | -$5.16M | $979K | -$4.31M | -$1.01M | -$417K |
| Total Working Capital Change | -$1.41M | -$4.14M | $944K | -$3.31M | $1.39M | -$6.3M | -$3.74M | -$1.95M | -$3.14M | -$2.67M | -$2.27M | $376K | $1.67M | $156K | $1.44M | $3.58M | -$7.09M | $735K | -$15.25M | -$5.16M | $979K | -$4.31M | -$1.01M | -$417K |
| Other Non-Cash Items | $7.35M | -$11.93M | $1.31M | $21.47M | $31.74M | $29.12M | -$13.44M | -$263K | $1.42M | $2.15M | -$5.48M | $1.44M | $9.4M | -$838K | $4.78M | $6.66M | $17.27M | $15.39M | $1.55M | $1.62M | -$6.24M | $1.18M | $1.77M | -$1.49M |
| Net Cash from Operating | $17.96M | -$8.93M | $9.51M | $25.35M | $39.54M | $34.45M | -$12.04M | $1.66M | -$1.49M | $5.53M | -$4.75M | $3.7M | $5.66M | $714K | $2.95M | $9.12M | $3.95M | $16.17M | -$10.62M | $336K | -$2.79M | -$1.07M | $2.28M | -$649K |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$4.77M | $0 | -$629K | -$1.15M | -$5.18M | -$1.13M | -$991K | -$1.14M | -$379K | -$488K | -$279K | -$298K | -$510K | -$311K | -$147K | -$339K | -$940K | -$7.18M | -$8.96M | -$4.33M | -$4.82M | -$643K | -$2.54M | -$545K |
| Acquisitions | $865K | $0 | $0 | $0 | $0 | $0 | $0 | $2.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$51.12M | -$47.61M | -$55.03M | -$113.96M | -$67.96M | -$1M | -$9.32M | -$12.28M | -$11.29M | -$14.2M | -$5M | -$8.32M | -$7.25M | -$13.22M | -$44.59M | -$8.34M | -$162.32M | -$24.8M | -$38.9M | -$2.79M | -$15.73M | -$12.07M | -$12.57M | -$22.83M |
| Sales of Investments | $37.11M | $44.17M | $49.51M | $13.85M | $17.27M | $16.5M | $11.28M | $21.72M | $4.89M | $12.23M | $13.16M | $12.82M | $15.74M | $39.81M | $50.42M | $47.79M | $116.53M | $6.07M | $14.44M | $3.66M | $6.21M | $10.42M | $7.32M | $13.83M |
| Other Investing Activities | -$26.29M | -$48.66M | -$42.9M | -$74.19M | -$127.74M | -$26.12M | -$49.42M | -$31.18M | -$44.91M | -$24.44M | -$5.23M | -$10.91M | $21.13M | $43.18M | $38.37M | $40.22M | $42.64M | -$3.25M | -$113.8M | -$43.96M | -$74.37M | -$99.45M | -$59.58M | -$15.22M |
| Net Cash from Investing | -$44.2M | -$52.1M | -$49.06M | -$175.44M | -$183.61M | -$11.75M | -$48.46M | -$35.02M | -$51.7M | -$26.89M | $2.65M | -$6.71M | $29.11M | $69.46M | $44.06M | $79.33M | -$4.09M | -$29.16M | -$147.21M | -$47.42M | -$88.7M | -$101.74M | -$67.37M | -$24.77M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | $6M | $5M | $25M | -$20M | -$4.84M | $27.8M | -$23.3M | $2M | -$7.11M | -$9.78M | $15M | -$2M | -$12M | $2M | - | $21M | $44M | -$9M | -$56.86M | -$9.26M | -$5.91M | -$8.8M | -$15.64M | -$4.5M |
| Common Stock Issuance | $122K | $280K | $131K | $604K | $1.8M | $777K | $429K | $955K | $21.86M | $2K | $8K | $7K | $4K | $5K | $2K | $1.21M | $7K | $6K | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$2.39M | -$1.48M | -$789K | -$180K | -$3.82M | -$629K | -$659K | -$1.03M | -$617K | -$2K | -$12K | -$4K | -$19K | -$9K | -$5K | -$5K | -$4K | -$15K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $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 Financing Activities | -$588K | $92.51M | $53.35M | $13.35M | $192.68M | $63.3M | $43.2M | $42.86M | $19.42M | $35.51M | $19.23M | $5.6M | -$66.57M | -$74.12M | -$27.91M | -$97.63M | $84.03M | $2.54M | $76.56M | $38.55M | $108.94M | $86.08M | $39.09M | $24.56M |
| Net Cash from Financing | $11.15M | $86.31M | $27.69M | $33.77M | $195.5M | $35.65M | $66.27M | $43.7M | $50.72M | $28.4M | -$684K | $7.6M | -$54.59M | -$76.13M | -$28.66M | -$116.08M | $47.73M | $11.53M | $133.54M | $48.84M | $116.35M | $102.86M | $63.24M | $29.02M |
| Forex Effect | $15.1M | $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 | $0 | $25.28M | -$11.85M | -$116.33M | $51.44M | $58.35M | $5.78M | $9.93M | -$2.47M | $7.04M | -$2.79M | $4.6M | -$19.82M | -$5.96M | $18.35M | -$27.63M | $47.59M | -$1.46M | -$24.3M | $1.76M | $24.86M | $52K | -$1.85M | $3.6M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | $17.96M | -$8.93M | $9.51M | $25.35M | $39.54M | $34.45M | -$12.04M | $1.66M | -$1.49M | $5.53M | -$4.75M | $3.7M | $5.66M | $714K | $2.95M | $9.12M | $3.95M | $16.17M | -$10.62M | $336K | -$2.79M | -$1.07M | $2.28M | -$649K |
| Capital Expenditure | -$4.77M | -$564K | -$629K | -$1.15M | -$5.18M | -$1.13M | -$991K | -$1.14M | -$379K | -$488K | -$279K | -$298K | -$510K | -$311K | -$147K | -$339K | -$940K | -$7.18M | -$8.96M | -$4.33M | -$4.82M | -$643K | -$2.54M | -$545K |
| Free Cash Flow | $13.19M | -$9.49M | $8.88M | $24.2M | $34.36M | $33.32M | -$13.03M | $524K | -$1.86M | $5.04M | -$5.03M | $3.4M | $5.15M | $403K | $2.81M | $8.78M | $3.01M | $8.99M | -$19.58M | -$3.99M | -$7.6M | -$1.71M | -$259K | -$1.19M |
| Cash at Beginning | $0 | $21.94M | $33.8M | $150.12M | $98.69M | $40.34M | $34.56M | $24.63M | $27.1M | $20.06M | $22.85M | $18.25M | $38.06M | $44.02M | $25.67M | $53.3M | $5.71M | $7.16M | $31.46M | $29.71M | $4.85M | $4.79M | $6.65M | $3.04M |
| Cash at End | $0 | $47.23M | $21.94M | $33.8M | $150.12M | $98.69M | $40.34M | $34.56M | $24.63M | $27.1M | $20.06M | $22.85M | $18.25M | $38.06M | $44.02M | $25.67M | $53.3M | $5.71M | $7.16M | $31.46M | $29.71M | $4.85M | $4.79M | $6.65M |