DMC Global Inc. income statement
In fiscal 2025, DMC Global Inc. reported revenue of $610m, down 5.1% on the year before, operating income of −$110,000 (a -0.0% margin) and net income of −$13.5m, or −$0.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 165 | 155 | 209 | 193 | 202 | 203 | 167 | 159 | 193 | 326 | 398 | 229 | 260 | 654 | 719 | 643 | 610 | 609 |
| Cost of revenue | — | — | — | — | — | — | — | 120 | 133 | 216 | 253 | 172 | 201 | 469 | 507 | 492 | 475 | 478 |
| Gross profit | 43 | 37 | 55 | 58 | 58 | 61 | 36 | 39 | 59 | 111 | 145 | 57 | 59 | 185 | 212 | 151 | 135 | 131 |
| Research and development | — | — | — | 2 | 2 | 3 | 3 | 5 | 5 | 7 | 8 | 8 | 7 | 7 | 7 | 6 | 5 | — |
| General and administrative | 13 | 14 | 17 | 18 | 25 | 24 | 21 | 22 | 27 | 38 | 38 | 29 | 36 | 76 | 75 | 61 | 61 | 58 |
| Operating income | 16 | 7 | 18 | 16 | 11 | 7 | −24 | −5 | −12 | 37 | 58 | −1 | −2 | 30 | 61 | −131 | −0 | 5 |
| Interest expense | 3 | 3 | 2 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 1 | 0 | 6 | 10 | 9 | 6 | 5 |
| Net interest income | — | — | — | — | — | — | — | −1 | −2 | −2 | — | — | — | — | — | — | — | — |
| Income before tax | — | 6 | 17 | 15 | 10 | 6 | −26 | −6 | −15 | 35 | 57 | −2 | −3 | 23 | 50 | −141 | −8 | −1 |
| Income tax | 4 | 1 | 4 | 5 | 4 | 4 | −2 | 1 | 4 | 4 | 23 | −1 | −2 | 9 | 15 | 11 | 4 | 4 |
| Net income | 9 | 5 | 12 | 11 | 6 | 3 | −24 | −7 | −19 | 30 | 34 | −1 | −0 | 12 | 26 | −94 | −13 | −7 |
| Diluted EPS | $0.66 | $0.40 | $0.93 | $0.80 | $0.47 | $0.18 | −$1.72 | −$0.46 | −$1.31 | $2.04 | $2.28 | −$0.10 | −$0.26 | $0.72 | $1.08 | −$8.20 | −$0.90 | −$0.35 |
| Diluted shares (average) | 13m | 13m | 13m | 13m | 14m | 14m | 14m | 14m | 14m | 15m | 15m | 15m | 18m | 19m | 20m | 20m | 20m | 20m |
| EBITDA | 21 | 18 | 29 | 27 | 23 | 20 | −13 | 1 | −2 | 47 | 68 | 10 | 10 | 81 | 98 | −96 | 34 | 37 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 152 | 159 | 155 | 152 | 144 | 136 | 157 | 173 |
| Cost of revenue | 121 | 118 | 119 | 119 | 119 | 110 | 123 | 126 |
| Gross profit | 32 | 41 | 37 | 33 | 24 | 25 | 34 | 46 |
| General and administrative | 15 | 17 | 16 | 15 | 13 | 14 | 14 | 17 |
| Operating income | −1 | 7 | 4 | 1 | −11 | −4 | 5 | 15 |
| Interest expense | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Income before tax | −2 | 5 | 2 | −1 | −13 | −6 | 4 | 13 |
| Income tax | −1 | 3 | 1 | 1 | −1 | 1 | 2 | 1 |
| Net income | 0 | 1 | 0 | −3 | −11 | −6 | 1 | 10 |
| Diluted EPS | −$0.16 | $0.04 | −$0.24 | −$0.10 | −$0.59 | −$0.34 | $0.10 | $0.59 |
| EBITDA | 8 | 15 | 12 | 9 | −3 | 4 | 13 | 22 |
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