Comtech Telecommunications Corp income statement
In fiscal 2026, Comtech Telecommunications Corp reported revenue of $250m, down 17.0% on the year before, operating income of −$18.2m (a -7.3% margin) and net income of −$36.2m, or −$2.31 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 | 2010Jul 2010 | 2011Jul 2011 | 2012Jul 2012 | 2013Jul 2013 | 2014Jul 2014 | 2015Jul 2015 | 2016Jul 2016 | 2017Jul 2017 | 2018Jul 2018 | 2019Jul 2019 | 2020Jul 2020 | 2021Jul 2021 | 2022Jul 2022 | 2023Jul 2023 | 2024Jul 2024 | 2025Jul 2025 | 2026Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 778 | 612 | 425 | 320 | 347 | 307 | 411 | 550 | 571 | 672 | 617 | 582 | 486 | 550 | 540 | 301 | 250 |
| Cost of revenue | 508 | 371 | 242 | 179 | 196 | 168 | 240 | 332 | 347 | 424 | 390 | 368 | 306 | 366 | 383 | 206 | 152 |
| Gross profit | 271 | 241 | 184 | 141 | 151 | 139 | 171 | 218 | 224 | 247 | 227 | 214 | 180 | 184 | 157 | 95 | 97 |
| Research and development | 46 | 44 | 38 | 37 | 34 | 36 | 42 | 54 | 54 | 56 | 52 | 49 | 53 | 49 | 24 | 12 | 12 |
| Selling, general and administrative | 100 | 94 | 87 | 63 | 67 | 63 | 95 | 116 | 114 | 129 | 117 | 112 | 115 | 120 | 123 | 88 | 88 |
| Operating income | 104 | 108 | 51 | 34 | 44 | 34 | −1 | 37 | 35 | 41 | 15 | −68 | −34 | −15 | −80 | −30 | −18 |
| Interest expense | 8 | 8 | 9 | 8 | 6 | 0 | 8 | 12 | 10 | 9 | 6 | 7 | 5 | 15 | 22 | 46 | 21 |
| Net interest income | — | — | — | — | — | — | 0 | 0 | −0 | −0 | 0 | — | — | — | — | — | — |
| Income before tax | 97 | 102 | 44 | 27 | 39 | 34 | −8 | 25 | 25 | 29 | 9 | −75 | −37 | −31 | −100 | −19 | −17 |
| Income tax | 37 | 34 | 12 | 10 | 13 | 11 | −0 | 10 | −5 | 4 | 2 | −2 | −4 | −4 | −0 | −0 | 1 |
| Net income | 61 | 68 | 32 | 18 | 25 | 23 | −8 | 16 | 30 | 25 | 7 | −73 | −33 | −27 | −100 | −155 | −36 |
| Diluted EPS | $1.91 | $2.22 | $1.42 | $0.97 | $1.37 | $1.42 | −$0.46 | $0.67 | $1.24 | $1.03 | $0.28 | −$2.86 | −$1.63 | −$1.21 | −$4.70 | −$6.95 | −$2.31 |
| Diluted shares (average) | 34m | 33m | 26m | 23m | 21m | 16m | 17m | 23m | 24m | 24m | 25m | 26m | 27m | 28m | 29m | 29m | 30m |
| EBITDA | 116 | 122 | 61 | 42 | 51 | 41 | 9 | 51 | 49 | 53 | 26 | −59 | −23 | −3 | −68 | −21 | −8 |
| Quarter | 2025 Q1Oct 2024 | 2025 Q2Jan 2025 | 2025 Q3Apr 2025 | 2025 Q4Jul 2025 | 2026 Q1Oct 2025 | 2026 Q2Jan 2026 | 2026 Q3Apr 2026 | 2026 Q4Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 116 | 127 | 127 | −68 | 111 | 107 | 106 | −74 |
| Cost of revenue | 101 | 93 | 88 | −76 | 74 | 71 | 70 | −62 |
| Gross profit | 15 | 34 | 39 | 8 | 37 | 36 | 36 | −12 |
| Research and development | 4 | 4 | 4 | −1 | 4 | 4 | 5 | −2 |
| Selling, general and administrative | 52 | 34 | 30 | −28 | 30 | 28 | 29 | 1 |
| Operating income | −129 | −10 | −2 | 111 | −3 | −1 | −3 | −11 |
| Interest expense | 10 | 11 | 13 | 12 | 12 | 11 | 12 | −13 |
| Income before tax | −146 | −50 | 32 | 145 | −15 | −14 | −2 | 14 |
| Income tax | 2 | −1 | −2 | 0 | 0 | 0 | 1 | −1 |
| Net income | −148 | −49 | 34 | 8 | −16 | −14 | −3 | −3 |
| Diluted EPS | −$5.29 | −$0.76 | −$0.49 | −$0.39 | −$0.67 | −$0.68 | −$0.47 | −$0.49 |
| EBITDA | −126 | −7 | 1 | 111 | 0 | 2 | 0 | −10 |
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