SECURITY FEDERAL CORP (SFDL)
Security Federal Corporation acts as the holding company for Security Federal Bank, offering a comprehensive array of financial products and services. The institution provides a variety of deposit options, including savings, checking, and money market accounts, alongside both fixed-rate and negotiated-rate jumbo certificates of deposit (CDs), and Individual Retirement Accounts (IRAs). Its lending solutions are diverse, encompassing commercial real estate, business, and consumer loans. It also extends mortgage loans for purchasing or refinancing single-to-four family residences, and offers construction financing for single-family homes, multi-family dwellings, and commercial real estate projects. Additionally, Security Federal finances the acquisition, development, and construction of residential subdivisions and commercial properties. Beyond its core banking operations, the corporation delivers trust services, financial planning, and wealth management. Furthermore, it runs an insurance agency that offers a full spectrum of coverage, including auto, business, life, health, and home insurance products, complemented by insurance premium financing services. The company also allocates its capital to various liquid assets, such as U.S. Treasury obligations, federal agency securities, certificates of deposit from insured institutions, mutual funds, bankers' acceptances, federal funds, commercial paper, and corporate debt securities. As of February 8, 2021, Security Federal Corporation maintained 17 full-service branch locations across several cities in South Carolina (Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener, and West Columbia) and Georgia (Augusta and Evans). Founded in 1922, its corporate headquarters are located in Aiken, South Carolina.
Sector: State Commercial Banks
Industry: Banks - Regional
Security Federal Corporation
OTC:SFDLFinancial Services · Banks - Regional
-0.02%$46.84
Mkt Cap$144.89M
Float1.93M
O/S3.09M
Inst Own-
SI<0.1%
Div Yield2.11%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$90.14M
Net Income$13.67M
Total Assets$1.62B
Free Cash Flow$8.8M
Debt & Equity
Debt 11%
Equity 63%
Preferred 26%
Total Debt$36.31M
Total Equity$200.46M
Preferred Stock$82.95M
Shares Outstanding
Short Interest
Split History1 split
- 2.5:1Forward splitMar 17, 20031 share → 2.5
Balance Sheet Details
Assets$1.62B
Liabilities$1.42B
Accounts Receivable$4.91M
Accounts Payable$0
Inventory$0
PP&E (Net)$33.77M
Goodwill$1.2M
Intangible Assets$0
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 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 |
| Revenue | $90.14M | $85.99M | $72.93M | $50.92M | $48.55M | $47.46M | $45.12M | $41.1M | $37.13M | $34.79M | $34.91M | $35.64M | $37.34M | $25.52M | $45.47M | $50.54M | $53.62M | $53.36M | $54.12M | $45.96M | $35.25M | $28.29M | $28.25M | $27.47M |
| YoY Growth | 4.8% | 17.9% | 43.2% | 4.9% | 2.3% | 5.2% | 9.8% | 10.7% | 6.7% | -0.4% | -2.1% | -4.5% | 46.3% | -43.9% | -10.0% | -5.7% | 0.5% | -1.4% | 17.8% | 30.4% | 24.6% | 0.2% | 2.8% | - |
| Cost of Revenue | $31.21M | $36.85M | $25.98M | $5.03M | $1.42M | $10.18M | $8.69M | $6.37M | $4.48M | $4.02M | $4.2M | $6.26M | $10.18M | $0 | $21.05M | $23.9M | $28.29M | $29.15M | $30.44M | $24.53M | $16.63M | $12.3M | $10.81M | $11.82M |
| Gross Profit | $58.93M | $49.15M | $46.96M | $45.9M | $47.13M | $37.27M | $36.43M | $34.73M | $32.66M | $30.77M | $30.71M | $29.38M | $27.16M | $25.52M | $24.42M | $26.64M | $25.33M | $24.22M | $23.68M | $21.43M | $18.62M | $15.99M | $17.44M | $15.65M |
| Gross Margin | 65.4% | 57.1% | 64.4% | 90.1% | 97.1% | 78.5% | 80.7% | 84.5% | 87.9% | 88.5% | 88.0% | 82.4% | 72.7% | 100.0% | 53.7% | 52.7% | 47.2% | 45.4% | 43.8% | 46.6% | 52.8% | 56.5% | 61.7% | 57.0% |
| 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 | $25.63M | $23.5M | $21.91M | $21.41M | $20.57M | $19.18M | $17.72M | $16.33M | $15.16M | $14.01M | $13.21M | $12.48M | $12.07M | $18.33M | $12.2M | $13.44M | $14.08M | $12.94M | $10.73M | $9.74M | $7.81M | $6.44M | $6.23M | $6.17M |
| Other | $15.98M | $13.08M | $12.57M | $11.54M | $10.28M | $9.47M | $9.24M | $9.62M | $9.15M | $8.92M | $9.32M | $8.78M | $9.97M | $0 | $8.51M | $10.4M | $8.58M | $7.56M | $6.6M | $5.42M | $5.22M | $4.33M | $4.49M | $4.31M |
| Total Operating Expenses | $41.6M | $36.58M | $34.48M | $32.96M | $30.85M | $28.65M | $26.96M | $25.95M | $24.3M | $22.93M | $22.53M | $21.27M | $22.03M | $22.19M | $20.72M | $23.84M | $22.66M | $20.5M | $17.32M | $15.16M | $13.03M | $10.77M | $10.72M | $10.48M |
| Operating Income (EBIT) | $17.33M | $12.56M | $12.48M | $12.94M | $16.28M | $8.63M | $9.47M | $8.78M | $8.35M | $7.85M | $8.18M | $8.11M | $5.13M | $2.9M | $3.71M | $2.8M | $2.67M | $3.72M | $6.36M | $6.27M | $5.59M | $5.22M | $6.71M | $5.17M |
| Operating Margin | 19.2% | 14.6% | 17.1% | 25.4% | 33.5% | 18.2% | 21.0% | 21.4% | 22.5% | 22.6% | 23.4% | 22.8% | 13.7% | 11.3% | 8.2% | 5.5% | 5.0% | 7.0% | 11.8% | 13.6% | 15.9% | 18.4% | 23.8% | 18.8% |
| Interest Expense | $31.44M | $35.48M | $25.73M | $5.03M | $3.82M | $6.58M | $8.31M | $5.45M | $4.18M | $3.52M | $4.2M | $5.81M | $7.53M | $0 | $12.4M | $16.1M | $20.14M | $26.32M | $29.54M | $23.93M | $15.97M | $11.52M | $9.61M | $10.02M |
| Interest Income | $78.61M | $77.31M | $64.98M | $42.58M | $37.12M | $37.1M | $36.93M | $33.07M | $29.79M | $28.39M | $27.91M | $29.48M | $30.45M | $0 | $38.53M | $43.74M | $47.51M | $48.87M | $49.63M | $42.1M | $32.62M | $25.77M | $23.01M | $23.66M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $209K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $17.33M | $12.56M | $12.48M | $12.94M | $16.28M | $8.63M | $9.47M | $8.78M | $8.35M | $7.85M | $8.18M | $8.11M | $5.13M | $3.34M | $3.71M | $2.8M | $2.67M | $3.72M | $6.36M | $6.27M | $5.59M | $5.22M | $6.71M | $5.17M |
| Income Tax Expense | $3.66M | $2.76M | $2.29M | $2.71M | $3.51M | $1.58M | $1.68M | $1.57M | $2.44M | $1.92M | $2.07M | $2.3M | $1.34M | $951K | $1.91M | $958K | $1.06M | $1.26M | $2.08M | $2.14M | $1.78M | $1.71M | $2.45M | $1.94M |
| Net Income | $13.67M | $9.81M | $10.19M | $10.23M | $12.77M | $7.05M | $7.79M | $7.21M | $5.92M | $5.92M | $6.12M | $5.81M | $3.79M | $1.94M | $1.8M | $1.84M | $1.6M | $2.45M | $4.28M | $4.13M | $3.81M | $3.51M | $4.26M | $3.23M |
| Net Income Margin | 15.2% | 11.4% | 14.0% | 20.1% | 26.3% | 14.9% | 17.3% | 17.5% | 15.9% | 17.0% | 17.5% | 16.3% | 10.2% | 7.6% | 3.9% | 3.6% | 3.0% | 4.6% | 7.9% | 9.0% | 10.8% | 12.4% | 15.1% | 11.8% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 3.82 | 2.77 | 3.14 | 3.14 | 3.93 | 2.19 | 2.64 | 2.32 | 2.01 | 2.09 | 1.93 | 1.82 | 1.14 | 0.66 | 0.46 | 0.43 | 0.26 | 0.87 | 1.66 | 1.59 | 1.51 | 1.39 | 1.70 | 1.29 |
| Diluted EPS | 3.82 | 2.77 | 3.14 | 3.14 | 3.93 | 2.19 | 2.50 | 2.21 | 1.91 | 1.99 | 1.84 | 1.75 | 1.14 | 0.66 | 0.46 | 0.42 | 0.25 | 0.87 | 1.65 | 1.58 | 1.48 | 1.37 | 1.66 | 1.26 |
| Weighted Average OS | 3.14M | 3.21M | 3.25M | 3.25M | 3.25M | 3.21M | 2.96M | 3.10M | 2.94M | 2.95M | 2.94M | 2.95M | 2.94M | 2.94M | 2.94M | 2.68M | 2.46M | 2.50M | 2.58M | 2.59M | 2.53M | 2.52M | 2.51M | 2.51M |
| EBITDA | $22.64M | $15.11M | $15.08M | $15.29M | $18.62M | $10.88M | $11.44M | $10.26M | $9.82M | $9.23M | $9.43M | $9.34M | $6.43M | $5.02M | $5.26M | $4.44M | $4.33M | $5.3M | $7.78M | $7.06M | $6.39M | $7.08M | $7.37M | $6.3M |
| EBITDA Margin | 25.1% | 17.6% | 20.7% | 30.0% | 38.4% | 22.9% | 25.3% | 25.0% | 26.5% | 26.5% | 27.0% | 26.2% | 17.2% | 19.7% | 11.6% | 8.8% | 8.1% | 9.9% | 14.4% | 15.4% | 18.1% | 25.0% | 26.1% | 22.9% |
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 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $12.02M | $179.53M | $130.63M | $29.6M | $28.72M | $18.38M | $13.49M | $13.91M | $12.27M | $11.82M | $11.83M | $12.29M | $9.73M | $7.9M | $11.06M | $7.94M | $8.8M | $6.56M | $10.54M | $13.44M | $14.35M | $7.92M | $6.75M | $8.24M |
| Short-Term Investments | $54.41M | $79.52M | $47.14M | $550.15M | $682.85M | $589.32M | $414.64M | $386.1M | $384.97M | $362.06M | $375.51M | $429.7M | $431M | $0 | $353.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $66.42M | $259.05M | $177.77M | $579.75M | $711.57M | $607.7M | $428.13M | $400.01M | $397.24M | $373.88M | $387.34M | $441.99M | $440.73M | $7.9M | $365.01M | $7.94M | $8.8M | $6.56M | $10.54M | $13.44M | $14.35M | $7.92M | $6.75M | $8.24M |
| Accounts Receivable | $4.91M | $5.37M | $5.51M | $4.81M | $3.75M | $3.5M | $3.4M | $3.73M | $3.36M | $3.05M | $3.03M | $3.06M | $3.16M | $0 | $3.5M | $3.58M | $3.46M | $3.51M | $3.54M | $3.19M | $2.55M | $2.18M | $2.23M | $2.09M |
| 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 |
| Other Current Assets | $8.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $80.25M | $264.42M | $183.29M | $584.56M | $715.32M | $611.2M | $431.53M | $403.73M | $400.6M | $376.93M | $390.37M | $445.05M | $443.89M | $7.9M | $368.51M | $11.51M | $12.26M | $10.08M | $14.08M | $16.63M | $16.9M | $10.1M | $8.98M | $10.32M |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $33.77M | $30.25M | $30.04M | $29.82M | $27.49M | $28.93M | $29.94M | $24.17M | $22.8M | $21.2M | $20.12M | $18.23M | $17.24M | $17.92M | $18.73M | $19.8M | $20.72M | $21.68M | $21.54M | $15.9M | $11.66M | $7.91M | $6.56M | $5.22M |
| Goodwill | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.42M | $1.2M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $62K | $99K | $160K | $250K | $353K | $443K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $702.5M | $729.19M | $679.04M | $718.45M | $524.53M | $497.42M | $472.11M | $453.69M | $417.57M | $385.31M | $360.45M | $339.87M | $358.92M | $0 | $496.19M | $856.89M | $879.45M | $925.19M | $782.24M | $685.79M | $613.54M | $557.96M | $245.72M | $182.12M |
| Deferred Tax Assets | $11.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $790.42M | $586.71M | $656.11M | $47.33M | $32.67M | $32.96M | $28.45M | $29.81M | $26.64M | $28.05M | $27.6M | $21.01M | $27.99M | -$19.18M | $39.91M | $43.98M | $42.13M | $25.95M | $20.52M | $18.07M | $16.57M | $10M | -$252.28M | -$187.34M |
| Total Long-Term Assets | $1.54B | $1.35B | $1.37B | $796.8M | $585.89M | $560.51M | $531.7M | $508.88M | $468.21M | $435.75M | $409.36M | $380.31M | $405.36M | $19.18M | $556.12M | $922.03M | $943.74M | $974.58M | $825.95M | $721.48M | $641.78M | $575.88M | $252.28M | $187.34M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $863.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $266.75M | $247.24M |
| Total Assets | $1.62B | $1.61B | $1.55B | $1.38B | $1.3B | $1.17B | $963.23M | $912.61M | $868.81M | $812.68M | $799.73M | $825.36M | $849.25M | $890.35M | $924.64M | $933.54M | $956M | $984.66M | $840.03M | $738.11M | $658.68M | $585.98M | $528.01M | $444.9M |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts 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 |
| Short-Term Debt | $25.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18.81M | $5.89M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $1.32B | $1.19B | $1.11B | $1.12B | $918.1M | $771.41M | $767.5M | $702.11M | $654.1M | $652.1M | $660.12M | $658.7M | $0 | $696.2M | $690.36M | $694.25M | $661.71M | $590.85M | $523.74M | $479.23M | $430.29M | -$18.81M | -$5.89M |
| Total Current Liabilities | $25.72M | $1.32B | $1.19B | $1.11B | $1.12B | $918.1M | $771.41M | $767.5M | $702.11M | $654.1M | $652.1M | $660.12M | $658.7M | $0 | $696.2M | $690.36M | $694.25M | $661.71M | $590.85M | $523.74M | $479.23M | $430.29M | $18.81M | $5.89M |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $10M | $42.96M | $50.84M | $59.24M | $61.94M | $83.27M | $90.92M | $58.31M | $82.71M | $81.97M | $52.29M | $72.66M | $106.98M | $94.4M | $143.11M | $160.95M | $187.63M | $250.63M | $196.79M | $167.71M | $138.65M | $117.63M | $83M | $48.07M |
| 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 |
| Long-Term Deferred Tax Liabilities | $1.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.38B | $61.43M | $130.03M | $49.9M | $5.5M | $56.06M | $6.41M | $6.29M | $6.08M | $5.49M | $4.37M | $5.15M | $5.58M | -$94.4M | $4.55M | $6.22M | $6.26M | $5.22M | $4.89M | $3.97M | $3.19M | $2.95M | -$83M | -$48.07M |
| Total Long-Term Liabilities | $1.39B | $105.35M | $182.31M | $111.05M | $69.73M | $141.71M | $100.06M | $64.6M | $88.78M | $87.47M | $56.66M | $77.81M | $112.56M | $94.4M | $147.66M | $167.17M | $193.89M | $255.86M | $201.68M | $171.68M | $141.85M | $120.58M | $83M | $48.07M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $392.72M | $360.9M |
| Total Liabilities | $1.42B | $1.43B | $1.38B | $1.22B | $1.19B | $1.06B | $871.47M | $832.1M | $790.89M | $741.57M | $708.76M | $737.93M | $771.26M | $94.4M | $843.86M | $857.53M | $888.14M | $917.57M | $792.53M | $695.42M | $621.08M | $550.87M | $494.53M | $414.86M |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $82.95M | $82.95M | $82.95M | $82.95M | $0 | $0 | $0 | $0 | $0 | $0 | $22M | $22M | $22M | $0 | $22M | $22M | $17.69M | $17.62M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $35K | $35K | $35K | $35K | $35K | $35K | $32K | $32K | $32K | $31K | $31K | $31K | $31K | $31K | $31K | $31K | $26K | $26K | $26K | $26K | $26K | $25K | $25K | $25K |
| Retained Earnings | $127.94M | $118.14M | $111.05M | $104.13M | $96.37M | $85.03M | $79.28M | $72.61M | $67.08M | $62.22M | $57M | $52.27M | $47.84M | $45.43M | $44.51M | $44.1M | $44.11M | $44.27M | $42.77M | $39.22M | $35.71M | $32.31M | $29.08M | $25.02M |
| Comprehensive Income & Other | -$20.61M | -$31.11M | -$35.05M | -$40.78M | $5.22M | $12.94M | $4.47M | -$28K | $2.93M | $1.18M | $4.26M | $5.48M | $472K | $0 | $6.53M | $3.64M | $4.61M | $3.81M | $2.4M | -$747K | -$2.3M | -$1.24M | $353K | $1M |
| Other Stockholders' Equity | $72.48M | $64.22M | $61.27M | $56.07M | $19.11M | $26.84M | $12.44M | $7.88M | $10.81M | $8.86M | $33.94M | $35.14M | $30.12M | $1 | $36.23M | $31.88M | $23.72M | $22.8M | $4.7M | $3.45M | $1.86M | $2.78M | $4.37M | $5M |
| Total Equity | $200.46M | $182.39M | $172.36M | $160.23M | $115.52M | $111.91M | $91.76M | $80.52M | $77.92M | $71.11M | $90.97M | $87.44M | $77.99M | $45.46M | $80.77M | $76.01M | $67.86M | $67.09M | $47.5M | $42.69M | $37.6M | $35.11M | $33.47M | $30.04M |
| 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 | $1.62B | $1.61B | $1.55B | $1.38B | $1.3B | $1.17B | $963.23M | $912.61M | $868.81M | $812.68M | $799.73M | $825.36M | $849.25M | $139.86M | $924.64M | $933.54M | $956M | $984.66M | $840.03M | $738.11M | $658.68M | $585.98M | $528.01M | $444.9M |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $36.31M | $43.92M | $52.28M | $61.15M | $64.23M | $85.65M | $93.65M | $58.31M | $82.71M | $81.97M | $52.29M | $72.66M | $106.98M | $0 | $143.11M | $160.95M | $187.63M | $250.63M | $196.79M | $167.71M | $138.65M | $117.63M | $101.81M | $53.97M |
| Net Debt | $24.29M | -$135.6M | -$78.36M | $31.55M | $35.51M | $67.28M | $80.16M | $44.4M | $70.44M | $70.15M | $40.46M | $60.37M | $97.25M | -$7.9M | $132.05M | $153.02M | $178.83M | $244.07M | $186.25M | $154.27M | $124.3M | $109.72M | $95.06M | $45.73M |
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 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | $13.67M | $9.81M | $10.19M | $10.23M | $12.77M | $7.05M | $7.79M | $7.21M | $5.92M | $5.92M | $6.12M | $5.81M | $3.79M | $2.38M | $1.8M | $1.84M | $1.6M | $2.45M | $4.28M | $4.13M | $3.81M | $3.51M | $4.26M | $3.23M |
| Depreciation & Amortization | $5.3M | $2.54M | $2.6M | $2.36M | $2.34M | $2.26M | $1.96M | $1.49M | $1.47M | $1.38M | $1.24M | $1.23M | $1.29M | $1.48M | $1.55M | $1.64M | $1.67M | $1.58M | $1.43M | $796K | $795K | $1.87M | $657K | $1.13M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $8K | $13K | $13K | -$3K | $13K | $33K | $34K | $33K | $33K | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | $460K | $138K | -$701K | -$1.06M | -$254K | -$99K | $329K | -$371K | -$305K | -$27K | $38K | $94K | $118K | $573K | $75K | -$121K | $59K | $25K | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$1.89M | $11.39M | -$6.76M | $886K | -$1.13M | -$1K | -$51K | -$11K | $9K | $4K | -$10K | $11K | $1.85M | $0 | -$933K | $1.23M | -$4.08M | -$850K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$1.43M | $11.53M | -$7.46M | -$173K | -$254K | -$100K | $278K | -$382K | -$296K | -$23K | $28K | $105K | $1.97M | $573K | -$858K | $1.11M | -$4.02M | -$824K | -$367K | -$406K | -$286K | $151K | -$114K | $130K |
| Other Non-Cash Items | -$3.16M | $4.55M | $3.53M | $9.46M | $4.42M | $153K | $2.23M | $6.19M | $6.45M | $4.07M | $1.59M | $5.05M | $13.31M | $13.91M | $559K | $9.45M | $9.23M | -$78K | -$69K | $593K | $2.85M | -$1.56M | $4.26M | -$525K |
| Net Cash from Operating | $14.38M | $28.43M | $8.86M | $21.87M | $19.28M | $9.36M | $12.27M | $14.5M | $13.57M | $11.36M | $8.99M | $12.2M | $20.36M | $17.78M | $17.03M | $14.08M | $8.51M | $3.17M | $5.27M | $5.11M | $7.17M | $3.97M | $9.07M | $3.96M |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$5.58M | -$2.76M | -$2.85M | -$4.69M | -$2.15M | -$1.24M | -$4.63M | -$2.86M | -$3.07M | -$2.46M | -$3.12M | -$2.2M | -$568K | -$252K | -$417K | -$630K | -$624K | -$1.62M | -$6.76M | -$5.24M | -$4.75M | -$2.21M | -$2.42M | -$1.19M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | -$20.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.97M | $10.8M | $1.18M | $461K | $6.76M | $5.24M | $4.75M | $2.21M | $2.42M | $1.19M |
| Purchases of Investments | -$225.35M | -$71.9M | -$66.29M | -$210.31M | -$217.63M | -$256.61M | -$190.81M | -$114.76M | -$166.42M | -$98.7M | -$114.45M | -$119.27M | -$162.47M | $0 | -$216.75M | -$224.74M | -$150.16M | -$155.78M | -$144.04M | -$64.47M | -$60.33M | -$82.69M | -$202.84M | -$168.38M |
| Sales of Investments | $123.71M | $113.51M | $86.6M | $131.63M | $101.8M | $91.03M | $168.17M | $106.92M | $139.82M | $106.91M | $133.35M | $123.89M | $145.4M | $0 | $167.35M | $159.54M | $153.83M | $104.67M | $133.45M | $53.85M | $59.37M | $82.05M | $135.25M | $107.28M |
| Other Investing Activities | $5.96M | -$65.53M | -$75.95M | -$53.61M | -$18.11M | -$29.41M | $82K | -$41.36M | -$30.81M | -$25.1M | $3.2M | $22.23M | $34.91M | $13.15M | $43.32M | $63.37M | $21.54M | -$95.47M | -$91.93M | -$66.95M | -$69.47M | -$58.41M | -$33.81M | -$10.14M |
| Net Cash from Investing | -$101.26M | -$26.68M | -$58.48M | -$136.97M | -$136.09M | -$196.24M | -$47.9M | -$52.07M | -$60.48M | -$19.35M | $18.98M | $24.65M | $17.27M | $12.9M | -$2.53M | $8.34M | $25.77M | -$147.74M | -$102.52M | -$77.57M | -$70.44M | -$59.04M | -$101.41M | -$71.24M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | $57.7M | $77.07M | -$66.71M | -$41.38M | $70.03M | -$46.97M | -$32.63M | $24.4M | -$734K | -$29.68M | $20.37M | $34.32M | $18.83M | - | $17.46M | $26.73M | $52.91M | -$54.04M | -$25.18M | -$27.64M | -$21.02M | -$15.82M | -$46.56M | -$16.66M |
| Common Stock Issuance | $42K | $0 | $0 | $82.95M | $0 | $0 | $53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.83M | $0 | $0 | $0 | $438K | $222K | $168K | $18K | $0 |
| Common Stock Repurchases | -$2.28M | -$1.05M | -$582K | -$82.95M | $0 | $0 | -$53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.56M | -$2.12M | -$413K | -$74K | -$165K | $0 | $0 |
| Dividends Paid | -$2.21M | -$1.8M | -$1.69M | -$2.47M | -$1.43M | -$1.3M | -$1.12M | -$1.06M | -$1.06M | -$943K | -$943K | -$942K | -$942K | -$707K | -$942K | -$858K | -$788K | -$798K | -$723K | -$623K | -$407K | -$279K | -$203K | -$152K |
| Other Financing Activities | $46.09M | $129.09M | $84.97M | -$5.88M | $197.87M | $146.7M | $3.91M | $65.41M | $48.18M | $2.01M | -$8.02M | $1.42M | -$17.69M | -$29.19M | $5.84M | -$3.9M | $22.56M | $71.06M | $67.31M | $44.51M | $48.94M | $40.69M | $43.19M | $49.44M |
| Net Cash from Financing | -$16.06M | $48.24M | $149.41M | $115.98M | $126.4M | $192.37M | $35.47M | $39.95M | $47.85M | $8.98M | -$29.77M | -$34.28M | -$37.91M | -$30.57M | -$13M | -$23.38M | -$32.03M | $140.6M | $94.35M | $71.55M | $69.7M | $56.24M | $90.85M | $63.99M |
| 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 |
| Net Change in Cash | -$102.94M | $49.99M | $99.78M | $879K | $9.6M | $5.49M | -$170K | $2.39M | $945K | $993K | -$1.81M | $2.56M | -$274K | $106K | $1.5M | -$969K | $2.24M | -$3.98M | -$2.9M | -$913K | $6.43M | $1.17M | -$1.49M | -$3.29M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | $14.38M | $28.43M | $8.86M | $21.87M | $19.28M | $9.36M | $12.27M | $14.5M | $13.57M | $11.36M | $8.99M | $12.2M | $20.36M | $17.78M | $17.03M | $14.08M | $8.51M | $3.17M | $5.27M | $5.11M | $7.17M | $3.97M | $9.07M | $3.96M |
| Capital Expenditure | -$5.58M | -$2.76M | -$2.85M | -$4.69M | -$2.15M | -$1.24M | -$4.63M | -$2.86M | -$3.07M | -$2.46M | -$3.12M | -$2.2M | -$568K | -$252K | -$417K | -$1.18M | -$624K | -$1.62M | -$6.76M | -$5.24M | -$4.75M | -$2.21M | -$2.42M | -$1.19M |
| Free Cash Flow | $8.8M | $25.67M | $6M | $17.18M | $17.13M | $8.12M | $7.63M | $11.64M | $10.5M | $8.9M | $5.87M | $10M | $19.79M | $17.53M | $16.61M | $12.9M | $7.89M | $1.54M | -$1.49M | -$134K | $2.42M | $1.76M | $6.65M | $2.78M |
| Cash at Beginning | $178.28M | $128.28M | $28.5M | $27.62M | $18.02M | $12.54M | $12.71M | $10.32M | $9.37M | $8.38M | $10.19M | $7.63M | $7.9M | $9.22M | $7.84M | $8.8M | $6.56M | $10.54M | $13.44M | $14.35M | $7.92M | $6.75M | $8.24M | $11.53M |
| Cash at End | $75.33M | $178.28M | $128.28M | $28.5M | $27.62M | $18.03M | $12.54M | $12.71M | $10.32M | $9.37M | $8.38M | $10.19M | $7.63M | $9.33M | $9.33M | $7.84M | $8.8M | $6.56M | $10.54M | $13.44M | $14.35M | $7.92M | $6.75M | $8.24M |