STURGIS BANCORP INC (STBI)
Sturgis Bancorp, Inc. serves as the parent company for Sturgis Bank & Trust Company, a financial institution that delivers a broad spectrum of banking solutions and services across Michigan, United States. Its product portfolio encompasses various deposit accounts, including checking, savings (with health savings options), and money market accounts, along with certificates of deposit (CDs) and individual retirement accounts (IRAs). The bank also extends diverse lending options such as mortgages, automobile loans, personal loans, and savings-secured loans. For both individuals and businesses, it provides home equity loans and lines of credit, equipment and machinery financing, commercial real estate loans, and government-supported loan programs, in addition to business lines of credit and credit cards. Beyond its core offerings, the company furnishes supplementary services like private banking, cashier's checks, wire transfers, foreign drafts, and foreign currency exchange. Customers can also access overdraft protection, night depository services, notary services, safe deposit boxes, and specific residential mortgage offerings. Digital banking capabilities feature direct deposit, remote deposit capture, Visa check cards, and check reordering. Furthermore, Sturgis Bancorp provides investment and financial advisory services, alongside a range of insurance products covering commercial, consumer, and title coverage. Wealth management solutions comprise estate settlements, trust administration, record keeping, investment management, and custody services. The company also supports businesses with cash and treasury management, and ensures modern convenience through online and mobile banking, bill payment, and mobile wallet services. Sturgis Bancorp operates through a network of 14 bank branches and 4 full-service standalone ATMs, strategically situated in 12 distinct communities throughout Michigan. Established in 1905, the company maintains its corporate headquarters in Sturgis, Michigan.
Sector: National Commercial Banks
Industry: Banks - Regional
Sturgis Bancorp, Inc.
OTC:STBIFinancial Services · Banks - Regional
+0.00%$29.46
Mkt Cap$63.69M
Float2.05M
O/S2.16M
Inst Own-
SI<0.1%
Div Yield2.41%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$59.13M
Net Income$7.46M
Total Assets$998.66M
Free Cash Flow$13.88M
Debt & Equity
Debt 33%
Equity 67%
Total Debt$30.68M
Total Equity$63.26M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in STBI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$998.66M
Liabilities$935.41M
Accounts Receivable$3.43M
Accounts Payable$1.85M
Inventory$0
PP&E (Net)$18.66M
Goodwill$5.83M
Intangible Assets$3.06M
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 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Revenue | $59.13M | $56.11M | $49.03M | $35.38M | $32.88M | $30.33M | $24.3M | $21.95M | $19.61M | $18.91M | $18.3M | $16.56M | $16.97M | $17.41M | $18.36M | $26.59M | $24.05M | $21.3M | $19.18M | $21M | $22.8M | $24.42M | $14.2M |
| YoY Growth | 5.4% | 14.5% | 38.6% | 7.6% | 8.4% | 24.8% | 10.7% | 11.9% | 3.7% | 3.4% | 10.5% | -2.4% | -2.5% | -5.2% | -30.9% | 10.6% | 12.9% | 11.1% | -8.7% | -7.9% | -6.6% | 72.0% | - |
| Cost of Revenue | $16.7M | $23.31M | $13.54M | $4.49M | $5.19M | $6.48M | $3.65M | $2.82M | $1.82M | $2.17M | $1.66M | $2.2M | $2.09M | $3.58M | $5.64M | $10.78M | $8.92M | $7.55M | $7.15M | $7.84M | $9.91M | $11.46M | $10.84M |
| Gross Profit | $42.44M | $32.8M | $35.49M | $30.89M | $27.69M | $23.85M | $20.65M | $19.13M | $17.79M | $16.74M | $16.63M | $14.36M | $14.88M | $13.83M | $12.72M | $15.81M | $15.13M | $13.75M | $12.03M | $13.16M | $12.89M | $12.96M | $3.36M |
| Gross Margin | 71.8% | 58.5% | 72.4% | 87.3% | 84.2% | 78.6% | 85.0% | 87.1% | 90.7% | 88.5% | 90.9% | 86.7% | 87.7% | 79.4% | 69.3% | 59.5% | 62.9% | 64.5% | 62.7% | 62.7% | 56.5% | 53.1% | 23.7% |
| 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 |
| Selling, General, and Administrative | $24.5M | $19.25M | $18.86M | $15.34M | $13.54M | $10.99M | $9.67M | $9.2M | $9.22M | $8.48M | $8.19M | $7.34M | $7.43M | $6.78M | $7.18M | $7.03M | $6.62M | $6.04M | $5.46M | $5.14M | $4.65M | $4.01M | $4.02M |
| Other | $8.75M | $10.4M | $9.48M | $7.56M | $6.48M | $5.6M | $5.12M | $4.94M | $5.28M | $4.94M | $5.53M | $4.69M | $5.58M | $4.67M | $5.24M | $3.96M | $3.98M | $3.87M | $3.99M | $4.44M | $4.33M | $4.86M | -$3.24M |
| Total Operating Expenses | $33.24M | $29.65M | $28.33M | $22.9M | $20.02M | $16.59M | $14.79M | $14.14M | $14.51M | $13.42M | $13.73M | $12.03M | $13.01M | $11.46M | $12.41M | $10.98M | $10.6M | $9.91M | $9.45M | $9.58M | $8.99M | $8.87M | $779K |
| Operating Income (EBIT) | $9.19M | $3.16M | $7.16M | $7.99M | $7.67M | $7.26M | $5.86M | $4.99M | $3.28M | $3.32M | $2.91M | $2.33M | $1.88M | $2.37M | $304K | $4.83M | $4.53M | $3.84M | $2.58M | $3.58M | $3.91M | $4.09M | $2.58M |
| Operating Margin | 15.5% | 5.6% | 14.6% | 22.6% | 23.3% | 23.9% | 24.1% | 22.7% | 16.7% | 17.6% | 15.9% | 14.1% | 11.1% | 13.6% | 1.7% | 18.1% | 18.8% | 18.0% | 13.5% | 17.1% | 17.1% | 16.8% | 18.2% |
| Interest Expense | $17.08M | $18.72M | $12.27M | $4.49M | $4.12M | $3.58M | $3.37M | $2.66M | $2.04M | $1.82M | $1.88M | $2.09M | $2.58M | $3.04M | $4.04M | $10.27M | $8.43M | $7.18M | $6.34M | $7.02M | $8.41M | $10.4M | $10.53M |
| Interest Income | $49.66M | $46.01M | $40.29M | $28.63M | $23.51M | $20.78M | $19.13M | $17.04M | $14.86M | $14.03M | $12.49M | $11.57M | $11.77M | $12.53M | $13.69M | $21.7M | $19.61M | $16.91M | $14.9M | $15.25M | $17.41M | $19.94M | $19.14M |
| Other Income (Expense) | $0 | $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) | $9.19M | $3.16M | $7.16M | $7.99M | $7.67M | $7.26M | $5.86M | $4.99M | $3.28M | $3.32M | $2.91M | $2.33M | $1.88M | $2.37M | $304K | $4.83M | $4.53M | $3.84M | $2.58M | $3.58M | $3.91M | $4.09M | $2.58M |
| Income Tax Expense | $1.74M | $323K | $1.14M | $1.37M | $1.33M | $1.25M | $932K | $619K | $113K | $658K | $446K | $448K | $251K | $504K | -$197K | $1.48M | $1.38M | $1.14M | $865K | $976K | $1.12M | $1.3M | $765K |
| Net Income | $7.46M | $2.83M | $6.02M | $6.62M | $6.34M | $6.01M | $4.93M | $4.37M | $3.17M | $2.66M | $2.46M | $1.88M | $1.63M | $1.87M | $501K | $3.34M | $3.15M | $2.7M | $1.72M | $2.61M | $2.79M | $2.79M | $1.82M |
| Net Income Margin | 12.6% | 5.1% | 12.3% | 18.7% | 19.3% | 19.8% | 20.3% | 19.9% | 16.2% | 14.1% | 13.4% | 11.4% | 9.6% | 10.7% | 2.7% | 12.6% | 13.1% | 12.7% | 8.9% | 12.4% | 12.2% | 11.4% | 12.8% |
| Supplementary Data | |||||||||||||||||||||||
| EPS | 3.45 | 1.32 | 2.81 | 3.10 | 2.98 | 2.84 | 2.33 | 2.08 | 1.52 | 1.28 | 1.19 | 0.91 | 0.80 | 0.92 | 0.25 | 1.43 | 1.29 | 1.06 | 0.62 | 0.93 | 0.95 | 0.90 | 0.59 |
| Diluted EPS | 3.45 | 1.32 | 2.81 | 3.09 | 2.98 | 2.83 | 2.33 | 2.08 | 1.52 | 1.28 | 1.19 | 0.91 | 0.80 | 0.92 | 0.25 | 1.43 | 1.29 | 1.06 | 0.62 | 0.93 | 0.95 | 0.90 | 0.59 |
| Weighted Average OS | 2.16M | 2.15M | 2.14M | 2.14M | 2.13M | 2.11M | 2.11M | 2.10M | 2.09M | 2.08M | 2.07M | 2.06M | 2.05M | 2.03M | 2.02M | 2.34M | 2.44M | 2.55M | 2.76M | 2.80M | 2.94M | 3.10M | 3.08M |
| EBITDA | $9.19M | $3.16M | $9.07M | $9.58M | $9.96M | $8.32M | $6.82M | $5.93M | $4.23M | $4.24M | $3.79M | $3.15M | $2.67M | $3.08M | $999K | $4.83M | $4.53M | $3.84M | $3.68M | $5.03M | $5.67M | $5.86M | $3.28M |
| EBITDA Margin | 15.5% | 5.6% | 18.5% | 27.1% | 30.3% | 27.4% | 28.1% | 27.0% | 21.6% | 22.4% | 20.7% | 19.0% | 15.7% | 17.7% | 5.4% | 18.1% | 18.8% | 18.0% | 19.2% | 24.0% | 24.9% | 24.0% | 23.1% |
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 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Assets | |||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||
| Cash and Cash Equivalents | $10.64M | $20.8M | $40.01M | $14.98M | $40.02M | $69.08M | $25.92M | $32.75M | $35.57M | $29.18M | $32.67M | $28.62M | $35.79M | $32.04M | $27.5M | $22.94M | $26.29M | $16.84M | $22.49M | $25.52M | $36.08M | $25.67M | $19.46M |
| Short-Term Investments | $0 | $77.07M | $52.66M | $63.16M | $83.13M | $73.07M | $55.58M | $46.2M | $25.31M | $32.39M | $27.64M | $7.04M | $1.57M | $1.24M | $265K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $10.64M | $97.87M | $92.67M | $78.14M | $123.15M | $142.16M | $81.5M | $78.95M | $60.88M | $61.57M | $60.31M | $35.67M | $37.36M | $33.29M | $27.77M | $22.94M | $26.29M | $16.84M | $22.49M | $25.52M | $36.08M | $25.67M | $19.46M |
| Accounts Receivable | $3.43M | $3.4M | $3.1M | $2.69M | $1.89M | $2.46M | $1.61M | $1.55M | $1.54M | $1.41M | $1.18M | $868K | $828K | $861K | $943K | $2.31M | $2.06M | $1.83M | $1.64M | $1.59M | $1.73M | $1.72M | $1.87M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$27.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$3.4M | $0 | $0 | $0 | $350.14M | $27.72M | $269.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $14.07M | $97.87M | $95.77M | $80.83M | $125.05M | $494.75M | $83.11M | $350.33M | $62.42M | $62.98M | $61.49M | $36.54M | $38.19M | $34.56M | $29.52M | $25.25M | $28.35M | $18.68M | $24.13M | $27.12M | $37.81M | $27.4M | $21.33M |
| Long-Term Assets | |||||||||||||||||||||||
| Property, Plant & Equipment Net | $18.66M | $18.71M | $19.14M | $17.43M | $13.23M | $11.84M | $9.37M | $9.27M | $8.98M | $8.36M | $8.11M | $7.5M | $7.11M | $7.04M | $7.86M | $9.11M | $6.66M | $6.14M | $6.07M | $6.49M | $6.64M | $6.37M | $7.19M |
| Goodwill | $5.83M | $5.83M | $5.83M | $5.83M | $5.83M | $5.83M | $5.83M | $5.83M | $5.83M | $5.83M | $5.83M | $5.11M | $5.11M | $5.11M | $5.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.68M |
| Intangible Assets | $3.06M | $3.12M | $2.98M | $2.97M | $3.01M | $2.32M | $1.23M | $1.33M | $1.36M | $1.48M | $1.67M | $1.41M | $1.5M | $1.27M | $1.28M | $6.48M | $6.58M | $6.72M | $6.88M | $5.11M | $5.11M | $5.11M | $0 |
| Long-Term Investments | $802.78M | $791.53M | $762.59M | $722.18M | $573.83M | $73.07M | $55.58M | $51.68M | $317.28M | $301.73M | $274.65M | $12.84M | $1.57M | $250.78M | $252.99M | $21.13M | $22.76M | $23.58M | $25.87M | $14.99M | $232.08M | $227.69M | $231.53M |
| Deferred Tax Assets | $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 | $154.26M | $39.32M | $33.17M | $35.56M | $30.78M | $55.78M | $0 | $13.13M | $18.55M | $18.26M | $16.8M | -$26.86M | -$15.3M | $18.28M | $17.51M | -$36.71M | -$36.01M | -$36.44M | -$38.82M | -$26.59M | $15.04M | $13.22M | $5.39M |
| Total Long-Term Assets | $984.59M | $858.51M | $823.71M | $783.97M | $626.69M | $148.85M | $72.01M | $81.24M | $352.01M | $335.65M | $307.07M | $26.86M | $15.3M | $282.48M | $284.74M | $36.71M | $36.01M | $36.44M | $38.82M | $26.59M | $258.87M | $252.39M | $249.79M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $318.26M | $0 | $0 | $0 | $0 | $249.06M | $251.49M | $0 | $0 | $285.24M | $256.5M | $252.4M | $250.61M | $233.63M | $0 | $0 | $0 |
| Total Assets | $998.66M | $956.39M | $919.47M | $864.8M | $751.74M | $643.61M | $473.37M | $431.57M | $414.43M | $398.63M | $368.56M | $312.45M | $304.98M | $317.05M | $314.26M | $347.2M | $320.86M | $307.51M | $313.56M | $287.34M | $296.68M | $279.79M | $271.12M |
| Liabilities | |||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||
| Accounts Payable | $1.85M | $2.6M | $1.65M | $760K | $425K | $477K | $438K | $375K | $239K | $243K | $243K | $238K | $272K | $333K | $344K | $1.15M | $871K | $834K | $732K | $679K | $936K | $994K | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.82M | $5.88M | $64.38M | $70.08M | $0 |
| 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 |
| 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 |
| Other Current Liabilities | $0 | $813.86M | $798.94M | $719.52M | $584.19M | $0 | $0 | -$375K | $337.11M | $297.77M | $284.04M | -$476K | -$544K | $234.92M | $234.6M | -$1.15M | -$871K | -$394 | -$13.28M | -$7.23M | $202.56M | $179.13M | $173.86M |
| Total Current Liabilities | $1.85M | $816.46M | $800.59M | $720.28M | $584.62M | $477K | $438K | $375K | $337.35M | $298.25M | $284.52M | $238K | $272K | $235.26M | $234.94M | $1.15M | $871K | $834K | $12.55M | $6.55M | $268.82M | $251.19M | $173.86M |
| Long-Term Liabilities | |||||||||||||||||||||||
| Long-Term Debt | $30.68M | $76.02M | $54.84M | $85.75M | $103.67M | $76.1M | $70M | $44.11M | $34.45M | $61.18M | $47.81M | $44.22M | $44.59M | $52.44M | $52.58M | $83M | $61M | $51M | $44.35M | $49.93M | $0 | $64.08M | $67.41M |
| 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 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $250K |
| Other Long-Term Liabilities | $904.73M | $8.5M | $8.28M | $6.23M | $11.01M | -$76.1M | $0 | -$44.11M | $5.38M | $4.47M | $3.61M | -$44.22M | -$44.59M | $2.42M | $1.83M | -$83M | -$61M | -$51M | -$44.35M | -$49.93M | $415K | -$63.98M | $3.09M |
| Total Long-Term Liabilities | $935.41M | $84.52M | $63.11M | $91.98M | $114.68M | $76.1M | $70M | $44.11M | $39.83M | $65.65M | $51.42M | $44.22M | $44.59M | $54.87M | $54.41M | $83M | $61M | $51M | $44.35M | $49.93M | $415K | $98K | $70.75M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $519.92M | $359.36M | $346.89M | $0 | $0 | $0 | $237.65M | $231.59M | $0 | $0 | $235.37M | $231.44M | $229.07M | $228M | $201.7M | $0 | $0 | $0 |
| Total Liabilities | $935.41M | $900.98M | $863.7M | $812.26M | $699.3M | $596.49M | $429.8M | $391.38M | $377.18M | $363.9M | $335.95M | $282.11M | $276.44M | $290.12M | $289.35M | $319.52M | $293.31M | $280.91M | $284.9M | $258.18M | $269.23M | $251.29M | $244.6M |
| Stockholders' Equity | |||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2.17M | $2.16M | $2.15M | $2.14M | $2.13M | $2.12M | $2.11M | $2.1M | $2.1M | $2.09M | $2.08M | $2.07M | $2.06M | $2.04M | $2.02M | $2.27M | $2.42M | $2.5M | $2.72M | $2.81M | $2.8M | $3.1M | $3.1M |
| Retained Earnings | $59.38M | $53.4M | $52.03M | $48.99M | $43.82M | $38.84M | $34.19M | $30.53M | $27.35M | $25.23M | $23.45M | $21.28M | $19.58M | $17.95M | $16.09M | $15.13M | $13.06M | $11.01M | $9.26M | $8.54M | $6.92M | $4.96M | $12.98M |
| Comprehensive Income & Other | -$7.16M | -$8.85M | -$6.97M | -$6.97M | -$1.73M | -$1.9M | -$625K | -$113K | $294K | $40K | -$188K | -$200K | -$194K | -$46K | -$77K | -$100K | -$267K | -$193K | $33K | $2K | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.7M | -$148K | $1.59M | $1.42M | $6.48M | $6.15M | $7.27M | $7.57M | $7.81M | $7.41M | $7.09M | $7M | $6.9M | $6.93M | $6.8M | $10.28M | $12.07M | $13.1M | $16.68M | $17.81M | $17.73M | $20.44M | $10.44M |
| Total Equity | $63.26M | $55.41M | $55.77M | $52.55M | $52.44M | $47.11M | $43.57M | $40.2M | $37.25M | $34.73M | $32.61M | $30.35M | $28.54M | $26.92M | $24.91M | $27.68M | $27.55M | $26.61M | $28.66M | $29.16M | $27.45M | $28.5M | $26.52M |
| 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 |
| Total Liabilities and Equity | $998.66M | $956.39M | $919.47M | $864.8M | $751.74M | $643.61M | $473.37M | $431.57M | $414.43M | $398.63M | $368.56M | $312.45M | $304.98M | $317.05M | $314.26M | $347.2M | $320.86M | $307.51M | $313.56M | $287.34M | $296.68M | $279.79M | $271.12M |
| Supplementary Data | |||||||||||||||||||||||
| Total Debt | $30.68M | $76.02M | $54.84M | $85.75M | $103.67M | $76.1M | $70M | $44.11M | $34.45M | $61.18M | $47.81M | $44.22M | $44.59M | $52.44M | $52.58M | $83M | $61M | $51M | $56.16M | $55.8M | $64.38M | $134.15M | $67.41M |
| Net Debt | $20.04M | $55.22M | $14.83M | $70.77M | $63.66M | $7.02M | $44.08M | $11.36M | -$1.12M | $32M | $15.14M | $15.59M | $8.8M | $20.4M | $25.07M | $60.06M | $34.71M | $34.16M | $33.67M | $30.28M | $28.3M | $108.48M | $47.95M |
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 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Operating Activities | |||||||||||||||||||||||
| Net Income | $7.46M | $2.83M | $6.02M | $6.62M | $6.34M | $6.01M | $1.22M | $4.37M | $3.17M | $2.66M | $2.46M | $1.88M | $1.63M | $1.87M | $501K | $3.34M | $3.15M | $2.7M | $1.72M | $2.61M | $2.79M | $2.79M | $1.82M |
| Depreciation & Amortization | $0 | $0 | $1.91M | $1.58M | $2.28M | $1.06M | $962K | $935K | $946K | $919K | $885K | $820K | $794K | $713K | $695K | $0 | $0 | $0 | $1.1M | $1.45M | $1.76M | $1.77M | $702K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $2.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $109K | $176K | $58K | -$2K | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $220K | $178K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | -$258K | -$2.19M | $4.05M | -$6.32M | -$259K | $855K | -$281K | -$337K | -$307K | -$115K | $751K | -$985K | $2.52M | $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 |
| Accounts Payable | $0 | $0 | $2.71M | -$469K | $962K | $3.09M | $0 | -$707K | $681K | $859K | -$132K | $512K | $128K | $604K | -$1.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $8.97M | -$972K | $0 | $0 | $0 | $0 | $595K | -$707K | $681K | $859K | -$132K | $512K | $128K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $8.97M | -$972K | $2.46M | -$2.66M | $5.01M | -$3.24M | $336K | $148K | $400K | $522K | -$439K | $397K | $879K | -$381K | $946K | $0 | $0 | $0 | $70K | $20K | -$1.66M | -$1.28M | -$22K |
| Other Non-Cash Items | -$187K | $5.76M | $664K | $6.49M | -$1.01M | -$2.12M | -$1.82M | $1.04M | $323K | $767K | -$816K | -$788K | $609K | -$664K | $2.97M | -$3.34M | -$3.15M | -$2.7M | -$1.35M | $8.2M | -$592K | -$1.94M | $543K |
| Net Cash from Operating | $16.24M | $7.62M | $11.05M | $12.04M | $12.63M | $1.71M | $3.58M | $6.49M | $4.84M | $4.87M | $2.09M | $2.31M | $3.91M | $1.53M | $5.11M | $0 | $0 | $0 | $1.27M | $9.69M | $1.21M | $628K | $3.04M |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditures | -$2.36M | -$1.07M | -$3.24M | -$5.26M | -$2.22M | -$3.19M | -$745K | -$891K | -$1.26M | -$371K | -$830K | -$900K | -$574K | -$228K | -$603K | $0 | $0 | $0 | -$106K | -$542K | -$877K | -$382K | -$720K |
| Acquisitions | $1.29M | $36K | $0 | $0 | -$97.45M | -$94.26M | $0 | -$27.16M | -$9.1M | -$13.89M | $2.82M | -$5.96M | $10.02M | $0 | $10.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K |
| Purchases of Investments | -$13.55M | -$33.49M | $0 | $0 | -$56.09M | -$41.53M | $0 | -$2.61M | -$15.38M | -$25.32M | -$33.34M | -$11.96M | -$539K | -$972K | -$1.01M | $0 | $0 | $0 | -$15.31M | -$13.1M | -$18.19M | -$10.21M | -$26.45M |
| Sales of Investments | $7.04M | $9.93M | $12.35M | $10.38M | $19.19M | $23.39M | $0 | $10.3M | $19.99M | $5.08M | $16.4M | $899K | $10K | $0 | $36.23M | $0 | $0 | $0 | $4.41M | $10.52M | $1.72M | $4.99M | $7.23M |
| Other Investing Activities | -$11.98M | -$36.79M | -$42.1M | -$157.57M | -$6.81M | -$1.18M | -$40.06M | $744K | $539K | $552K | -$3.83M | $1.95M | $1.83M | -$3.53M | $2.82M | $0 | $0 | $0 | -$13.07M | $2.97M | $4.67M | -$2.24M | -$156K |
| Net Cash from Investing | -$19.55M | -$61.38M | -$32.99M | -$152.45M | -$143.38M | -$116.77M | -$40.81M | -$19.62M | -$5.2M | -$33.95M | -$18.8M | -$15.98M | $10.74M | -$4.73M | $48.17M | $0 | $0 | $0 | -$24.08M | -$146K | -$12.68M | -$7.84M | -$20.07M |
| Financing Activities | |||||||||||||||||||||||
| Debt Repaid | - | - | $31M | $18M | -$27.5M | -$6.1M | -$25.89M | -$9.66M | $26.73M | -$13.37M | -$3.59M | $367K | $7.86M | $135K | $425K | - | - | - | -$357K | $8.58M | $5.7M | -$2.67M | -$18.53M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $178K | $156K | $98K | $81K | $125K | $132K | $117K | $11K | $0 | $0 | $0 | $0 | $81K | $0 | $0 | $33K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3M | $0 | $0 |
| Dividends Paid | -$1.47M | -$1.47M | -$1.46M | -$1.45M | -$1.36M | -$1.36M | -$1.26M | -$1.2M | -$1M | -$873K | -$291K | -$186K | $0 | $0 | -$60K | $0 | $0 | $0 | -$996K | -$983K | -$829K | -$806K | -$682K |
| Other Financing Activities | $70.8M | $14.92M | $79.42M | $135.32M | $76.3M | $154.96M | $10.39M | $5.37M | $39.34M | $13.73M | $17.14M | $5.27M | -$5.9M | $324K | -$56.55M | $0 | $0 | $0 | $11.24M | -$2.64M | $23.43M | $3.8M | -$59K |
| Net Cash from Financing | $23.91M | $34.55M | $46.97M | $115.87M | $102.43M | $159.71M | $35.02M | $14.01M | $11.76M | $26.32M | $20.53M | $4.84M | -$13.63M | $306K | -$57.02M | $0 | $0 | $0 | $24.36M | -$12.12M | $13.9M | $5.66M | $17.83M |
| Forex Effect | -$20.6M | $19.21M | $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 | $0 | $25.02M | -$24.54M | -$28.32M | $44.65M | -$2.2M | $888K | $11.4M | -$2.76M | $3.82M | -$8.82M | $1.03M | -$2.89M | -$3.74M | $0 | $0 | $0 | $1.55M | -$2.58M | $2.44M | -$1.56M | $796K |
| Supplementary Data | |||||||||||||||||||||||
| Operating Cash Flow | $16.24M | $7.62M | $11.05M | $12.04M | $12.63M | $1.71M | $3.58M | $6.49M | $4.84M | $4.87M | $2.09M | $2.31M | $3.91M | $1.53M | $5.11M | $0 | $0 | $0 | $1.27M | $9.69M | $1.21M | $628K | $3.04M |
| Capital Expenditure | -$2.36M | -$1.07M | -$3.24M | -$5.26M | -$2.22M | -$3.19M | -$745K | -$891K | -$1.26M | -$371K | -$830K | -$900K | -$574K | -$228K | -$603K | $0 | $0 | $0 | -$106K | -$542K | -$877K | -$382K | -$720K |
| Free Cash Flow | $13.88M | $6.55M | $7.81M | $6.78M | $10.41M | -$1.48M | $2.83M | $5.6M | $3.58M | $4.5M | $1.26M | $1.41M | $3.33M | $1.31M | $4.51M | $0 | $0 | $0 | $1.16M | $9.15M | $334K | $246K | $2.32M |
| Cash at Beginning | $0 | $0 | $14.98M | $39.52M | $67.84M | $23.2M | $25.4M | $24.51M | $13.11M | $15.87M | $12.05M | $20.87M | $19.85M | $22.74M | $26.48M | $0 | $0 | $0 | $10.5M | $13.07M | $10.63M | $12.19M | $11.39M |
| Cash at End | $0 | $0 | $40.01M | $14.98M | $39.52M | $67.84M | $23.2M | $25.4M | $24.51M | $13.11M | $15.87M | $12.05M | $20.87M | $19.85M | $22.74M | $0 | $0 | $0 | $12.04M | $10.5M | $13.06M | $10.63M | $12.19M |