Comtech Telecommunications Corp (CMTL) Financial Statements
Industry: Radio & Tv Broadcasting & Communications Equipment
In fiscal 2025, Comtech Telecommunications reported revenue of $499.5M, down 7.6% from $540.4M the year before. Net income was -$155.3M (a -31.1% net margin), or -$6.95 per diluted share. Gross margin was 25.6% and operating margin was -27.8%. Operating activities generated -$8.3M of cash, leaving -$16.9M of free cash flow. At fiscal year end, Comtech Telecommunications held $740.8M in total assets against $446.9M in total liabilities, including $40.0M of cash and equivalents.
Open the full interactive Comtech Telecommunications financials → Quarterly statements, key ratios, valuation history and price charts.
Comtech Telecommunications Key Stats
| Share Price | $1.30 |
|---|---|
| Market Cap | $39.0M |
| Revenue YoY Growth | -7.6% |
| 52-Week Range | $1.18 – $5.98 |
| Shares Outstanding | 30.0 million (basic, 2026 Q3) |
Comtech Telecommunications Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $616.7M | $581.7M | $486.2M | $550.0M | $540.4M | $499.5M |
| Gross Profit | $226.8M | $214.0M | $179.8M | $184.5M | $157.2M | $127.9M |
| Operating Income | $15.2M | -$68.3M | -$33.8M | -$14.7M | -$79.9M | -$139.1M |
| Pre-Tax Income | $9.3M | -$75.0M | -$37.1M | -$30.8M | -$100.3M | -$155.4M |
| Income Tax | $2.3M | -$1.5M | -$4.0M | -$3.9M | -$295,000 | -$80,000 |
| Net Income | $7.0M | -$73.5M | -$33.1M | -$26.9M | -$100.0M | -$155.3M |
| Diluted EPS | $0.28 | -$2.86 | -$1.63 | -$1.21 | -$4.70 | -$6.95 |
Comtech Telecommunications Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $130.4M | $111.0M | $106.8M | $106.0M |
| Net Income | $7.9M | -$15.9M | -$13.6M | -$3.5M |
| Diluted EPS | $0.27 | -$0.67 | -$0.68 | -$0.47 |
Comtech Telecommunications Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $47.9M | $30.9M | $21.7M | $19.0M | $32.4M | $40.0M |
| Current Assets | $277.1M | $287.5M | $263.3M | $305.5M | $336.6M | $270.2M |
| Total Assets | $929.6M | $993.1M | $974.3M | $996.2M | $912.4M | $740.8M |
| Current Liabilities | $159.7M | $203.6M | $193.5M | $212.0M | $183.5M | $158.2M |
| Total Long-Term Debt | $149.5M | $201.0M | $130.0M | $164.4M | $174.5M | $218.5M |
| Total Liabilities | $380.3M | $492.4M | $402.5M | $445.7M | $426.1M | $446.9M |
| Shareholders' Equity | $549.3M | $500.7M | $466.6M | $438.3M | $306.3M | $104.4M |
Comtech Telecommunications Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $52.8M | -$40.6M | $2.0M | -$4.4M | -$54.5M | -$8.3M |
| Cash From Investing | -$20.2M | -$15.5M | -$19.6M | -$18.3M | $20.1M | -$8.6M |
| Cash From Financing | -$30.3M | $39.1M | $8.4M | $20.1M | $47.8M | $24.4M |
| Free Cash Flow | $45.5M | -$56.7M | -$17.6M | -$22.7M | -$67.6M | -$16.9M |
Figures from Comtech Telecommunications' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Comtech Telecommunications financials page for every line item.
Comtech Telecommunications Company Profile
| Ticker | CMTL |
|---|---|
| Exchange | Nasdaq |
| Industry | Radio & Tv Broadcasting & Communications Equipment |
| Headquarters | Chandler, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | July 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000023197 |
Frequently Asked Questions
What was Comtech Telecommunications' revenue in fiscal 2025?
Comtech Telecommunications (CMTL) reported revenue of $499.5M for fiscal 2025.
What is Comtech Telecommunications' annual revenue history?
Comtech Telecommunications' annual revenue by fiscal year: 2020: $616.7M; 2021: $581.7M; 2022: $486.2M; 2023: $550.0M; 2024: $540.4M; 2025: $499.5M.
What was Comtech Telecommunications' net income in fiscal 2025?
Comtech Telecommunications reported net income of -$155.3M for fiscal 2025.
What was Comtech Telecommunications' earnings per share (EPS) in fiscal 2025?
Comtech Telecommunications' diluted EPS was -$6.95 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Comtech Telecommunications generate in fiscal 2025?
Comtech Telecommunications generated -$16.9M of free cash flow in fiscal 2025.
What was Comtech Telecommunications' revenue last quarter?
In its most recent reported quarter (2026 Q3), Comtech Telecommunications reported revenue of $106.0M.
How much debt does Comtech Telecommunications have?
Comtech Telecommunications reported $218.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Comtech Telecommunications are outstanding?
Comtech Telecommunications reported a weighted average of 30.0 million basic shares outstanding in 2026 Q3.
What is Comtech Telecommunications' market cap?
Based on its latest closing price, Comtech Telecommunications (CMTL) has a market capitalization of about $39.0M.
When does Comtech Telecommunications' fiscal year end?
Comtech Telecommunications' fiscal year end, as registered with the SEC, is July 31.
Where is Comtech Telecommunications headquartered?
Comtech Telecommunications lists its business address in Chandler, Arizona in its SEC filings.