Capstone Holding Corp. CAPS
Capstone Holding Corp. ("Capstone," "we," "us," or the "Company") is a national, technology-enabled building products distribution and installation platform. Through our three operating subsidiaries — Instone (a trade name of TotalStone, LLC (dba "Instone")), Canadian Stone Industries (operated through Fraser Canyon Holdings Inc. and its subsidiaries, collectively "CSI"), and Carolina Stone (operated through Carolina Stone Holdings, LLC and its subsidiary, Carolina Stone Distributors, LLC) — we distribute and install thin veneer stone, natural stone, manufactured stone, and related masonry and hardscape products for residential and commercial construction markets across 38 U.S. states and two Canadian provinces.'
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.9M | $45.8M | $48.6M | — | -$2.0M | $0 | — | — | — | — |
| Cost of revenue | $36.1M | $35.3M | $38.7M | — | — | — | — | — | — | — |
| Gross profit | $10.8M | $9.6M | $9.6M | — | — | — | — | — | — | — |
| R&D | — | — | — | — | $52.0K | — | — | — | — | $1.0K |
| SG&A | $14.4M | $10.2M | $10.9M | — | $554.0K | $641.0K | $543.0K | $1.8M | $1.5M | $1.2M |
| Total operating expenses | — | — | — | — | $2.2M | $1.7M | $1.6M | $2.9M | $4.5M | $4.3M |
| Operating income | -$11.0M | -$638.0K | -$1.3M | — | $181.0K | $1.7M | — | — | — | — |
| Interest expense | $3.9M | $1.5M | $1.7M | — | — | — | — | — | — | — |
| Pre-tax income | -$14.1M | -$2.1M | -$3.6M | — | $432.0K | $1.8M | -$1.7M | -$3.0M | -$4.6M | -$4.1M |
| Income tax | $7.2M | $442.0K | $234.0K | — | $52.0K | $36.0K | $56.0K | $192.0K | $400.0K | $21.0K |
| Net income | -$21.2M | -$2.6M | -$3.8M | — | $380.0K | $1.8M | -$663.0K | -$2.8M | -$4.2M | -$3.9M |
| EPS, basic | -4.12 | -34.87 | -36.39 | — | — | — | — | — | — | — |
| EPS, diluted | — | -34.87 | -36.39 | — | -0.01 | -0.04 | 0.02 | 0.07 | 0.10 | 0.10 |
| Shares, diluted (wtd. avg.) | 5.3M | 157,610 | 157,610 | — | — | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $727.0K | $11.0K | $52.0K | $23.0K | $1.3M | $1.3M | $698.0K | $1.0M | $2.2M | $6.3M |
| Receivables | $4.9M | $2.8M | $2.6M | — | — | — | — | — | — | — |
| Inventory | $17.1M | $9.6M | $13.8M | — | — | — | — | — | — | — |
| Total current assets | $23.0M | $12.8M | $17.1M | — | $1.4M | $1.4M | $829.0K | $1.3M | $2.7M | $6.5M |
| Property, plant and equipment | $2.1M | $1.6M | $1.8M | — | $0 | $0 | $0 | $0 | $0 | $3.0K |
| Goodwill | $18.5M | $23.3M | $23.3M | — | — | — | — | — | — | — |
| Other intangibles | $1.8M | $48.0K | — | — | $39.0K | $196.0K | $353.0K | $509.0K | $666.0K | $823.0K |
| Total assets | $51.4M | $47.2M | $52.7M | — | $1.5M | $1.6M | $1.2M | $1.8M | $3.4M | $7.3M |
| Accounts payable | — | $3.3M | $2.6M | — | $245.0K | $197.0K | $249.0K | $254.0K | $124.0K | $88.0K |
| Short-term debt | $3.7M | $1.9M | $3.6M | — | — | — | — | — | — | — |
| Total current liabilities | $22.9M | $12.6M | $16.0M | — | $246.0K | $199.0K | $304.0K | $261.0K | $282.0K | $100.0K |
| Long-term debt | $9.3M | $6.3M | $5.1M | — | $2.5M | $2.2M | $1.0M | — | — | — |
| Total liabilities | $38.9M | $20.7M | $23.6M | — | — | — | — | — | — | — |
| Retained earnings | -$218.0M | -$196.1M | -$190.6M | — | -$191.8M | -$191.4M | -$189.6M | -$189.0M | -$186.2M | -$182.0M |
| Total equity | $12.5M | -$3.1M | $2.4M | $8.2M | -$1.2M | -$879.0K | -$122.0K | $506.0K | $3.1M | $7.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$4.4M | $3.8M | $1.6M | — | $66.0K | -$1.6M | -$1.3M | -$2.2M | -$4.1M | -$4.0M |
| Depreciation and amortisation | $391.0K | $310.0K | — | — | — | — | $179.0K | $157.0K | $0 | $173.0K |
| Stock-based compensation | — | — | — | — | $15.0K | $0 | $35.0K | $174.0K | $53.0K | $34.0K |
| Capital expenditure | $122.0K | $120.0K | $208.0K | — | — | — | — | — | — | $0 |
| Investing cash flow | -$6.9M | -$120.0K | -$208.0K | — | $0 | $0 | $0 | $0 | $0 | $4.0K |
| Financing cash flow | $12.1M | -$3.7M | -$1.4M | — | $0 | $2.1M | $946.0K | $1.0M | $0 | $0 |
| Buybacks | — | — | — | — | — | — | — | — | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-012687.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $0 | -$2.0M | — | $48.6M | $45.8M | $46.9M |
| Gross profit | — | — | — | — | — | — | — | $9.6M | $9.6M | $10.8M |
| Net income | -$3.9M | -$4.2M | -$2.8M | -$663.0K | $1.8M | $380.0K | — | -$3.8M | -$2.6M | -$21.2M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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