RICHARDSON ELECTRONICS, LTD. RELL

Industrials SIC 5065 - Wholesale-Electronic Parts & Equipment, NEC NAICS Wholesale Trade › Merchant Wholesalers, Durable Goods › Household Appliances and Electrical and Electronic Goods Merchant Wholesalers › Other Electronic Parts and Equipment Merchant Wholesalers derived Nasdaq

Richardson Electronics, Ltd. (the "Company," "we," "our") is a global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components including green energy solutions; tubes for diagnostic imaging equipment; and customized display solutions. We have manufacturing at our facilities located in LaFox, Illinois, Marlborough, Massachusetts, and Donaueschingen, Germany.

We serve customers in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company's strategy is to provide specialized technical expertise and "engineered solutions" based on our core engineering and manufacturing capabilities. The Company products and services include design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair. Our products include electron tubes and related components, microwave generators, subsystems used in semiconductor manufacturing and visual technology solutions. These products are used to control, switch or amplify electrical power signals, or are used as display devices in a variety of industrial, commercial, medical and communication applications.

Last close 17.68 2026-10-23
Market cap —
52-week range 9.37 - 23.15

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • PMT
  • Canvys
  • GES
Revenue by segment, 3 categories over 1 years. The same figures are in the table below. FY2025 PMT, FY2025: 160.5M (70.2%) 70% PMT Canvys, FY2025: 37.3M (16.3%) 16% Canvys GES, FY2025: 30.8M (13.5%) 13% GES
Segment FY2025
PMT $160.5M
Canvys $37.3M
GES $30.8M

As the company reported it, from the “Segment and Geographic Information - Schedule of Operating Results by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2022FY2021FY2020FY2019FY2018FY2016FY2015FY2014
Revenue $228.6M$196.5M$262.7M$224.6M$176.9M$155.9M$163.2M$136.9M$142.0M$137.0M
Cost of revenue $157.2M$136.5M$179.0M$152.9M$118.1M$106.2M$108.1M$93.0M$97.2M$95.8M
Gross profit $71.3M$60.0M$83.7M$71.7M$58.8M$49.7M$55.1M$43.9M$44.8M$41.1M
SG&A $65.7M$59.5M$58.7M$55.7M$55.9M$51.3M$51.7M$49.9M$51.6M$49.2M
Operating income $6.5M$348.0K$25.0M$16.0M$2.9M-$1.7M$3.6M-$5.8M-$6.6M-$8.1M
Pre-tax income $7.5M$157.0K$25.0M$15.8M$2.3M-$1.2M$3.9M-$6.1M-$6.2M-$7.0M
Income tax $1.1M$96.0K$2.7M$2.2M$653.0K$624.0K$1.5M$812.0K$546.0K$1.5M
Net income $6.4M$61.0K$22.3M$17.9M$1.7M-$1.8M$3.8M-$6.9M-$6.8M-$5.6M
Shares, diluted (wtd. avg.) 12.7M12.5M12.5M11.8M11.2M11.0M—12.8M13.0M13.8M

Balance sheet

Fiscal year FY2025FY2024FY2022FY2021FY2020FY2019FY2018FY2016FY2015FY2014
Cash and equivalents $31.8M$35.9M$25.0M$35.5M$43.3M$30.5M$60.5M$55.3M$60.5M$74.5M
Short-term investments ——$0$5.0M$0$16.0M—$6.4M$2.3M$23.7M
Receivables $33.2M$24.8M$30.1M$29.9M$25.1M$20.2M$22.9M$20.8M$24.9M$20.8M
Inventory $103.0M$102.8M$110.4M$80.4M$63.5M$57.5M$50.7M$42.7M$45.4M$38.8M
Total current assets $172.7M$165.9M$168.1M$153.2M$134.3M$126.7M$137.8M$128.4M$135.9M$161.2M
Property, plant and equipment $19.0M$18.4M$20.8M$17.0M$17.1M$17.7M$18.2M$15.8M$13.0M$10.1M
Goodwill ——————$6.3M$6.3M$6.3M$0
Other intangibles $285.0K$345.0K$1.9M$2.0M$2.3M$2.5M$3.0M$3.4M$3.8M$743.0K
Total assets $202.0M$195.8M$198.0M$179.8M$156.8M$150.7M$166.3M$157.5M$168.1M$185.0M
Accounts payable $19.6M$21.3M$23.5M$24.0M$17.0M$17.4M$19.6M$15.9M$14.9M$15.8M
Total current liabilities $36.4M$36.8M$36.6M$41.2M$32.2M$29.2M$29.9M$24.2M$24.0M$25.9M
Total liabilities $38.3M$39.2M$38.7M$44.0M$35.2M$32.1M$31.1M$25.1M$26.5M$28.3M
Retained earnings $82.3M$79.3M$87.0M$68.0M$53.3M$54.8M$70.1M$69.3M$79.3M$89.1M
Total equity $163.7M$158.0M$159.3M$135.8M$121.6M$118.7M$135.2M$132.3M$141.7M$156.7M

Cash flow

Fiscal year FY2025FY2024FY2022FY2021FY2020FY2019FY2018FY2016FY2015FY2014
Operating cash flow $762.0K$6.5M-$8.2M$1.9M$832.0K$1.9M$3.0M$1.8M-$13.6M-$9.8M
Depreciation and amortisation $3.8M$4.3M$3.7M$3.4M$3.4M$3.4M$3.0M$2.7M$2.4M$1.7M
Stock-based compensation $1.6M$1.3M$936.0K$654.0K$675.0K$683.0K$533.0K$437.0K$548.0K$726.0K
Capital expenditure $4.4M$4.0M$7.4M$3.1M$2.6M$1.8M$5.2M$5.2M$4.8M$4.7M
Investing cash flow -$3.1M-$4.0M-$2.2M-$8.1M$13.4M-$9.8M$4.2M-$3.8M$8.2M-$6.9M
Financing cash flow -$2.5M-$2.9M$389.0K-$352.0K-$3.0M-$3.2M-$3.0M-$3.0M-$8.0M-$6.9M
Dividends paid $3.4M$3.4M$3.3M$3.2M$3.1M$3.1M$3.0M$3.0M$3.1M$3.3M
Buybacks ————————$5.0M$3.9M

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 0000355948-26-000010.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2014: 137M Gross profit, FY2014: 41.1M Net income, FY2014: -5.6M Revenue, FY2015: 142M Gross profit, FY2015: 44.8M Net income, FY2015: -6.8M Revenue, FY2016: 136.9M Gross profit, FY2016: 43.9M Net income, FY2016: -6.9M Revenue, FY2018: 163.2M Gross profit, FY2018: 55.1M Net income, FY2018: 3.8M Revenue, FY2019: 155.9M Gross profit, FY2019: 49.7M Net income, FY2019: -1.8M Revenue, FY2020: 176.9M Gross profit, FY2020: 58.8M Net income, FY2020: 1.7M Revenue, FY2021: 224.6M Gross profit, FY2021: 71.7M Net income, FY2021: 17.9M Revenue, FY2022: 262.7M Gross profit, FY2022: 83.7M Net income, FY2022: 22.3M Revenue, FY2024: 196.5M Gross profit, FY2024: 60M Net income, FY2024: 61K Revenue, FY2025: 228.6M Gross profit, FY2025: 71.3M Net income, FY2025: 6.4M FY2014 FY2015 FY2016 FY2018 FY2019 FY2020 FY2021 FY2022 FY2024 FY2025
Fiscal year FY2014FY2015FY2016FY2018FY2019FY2020FY2021FY2022FY2024FY2025
Revenue $137.0M $142.0M $136.9M $163.2M $155.9M $176.9M $224.6M $262.7M $196.5M $228.6M
Gross profit $41.1M $44.8M $43.9M $55.1M $49.7M $58.8M $71.7M $83.7M $60.0M $71.3M
Net income -$5.6M -$6.8M -$6.9M $3.8M -$1.8M $1.7M $17.9M $22.3M $61.0K $6.4M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • 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
  • 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 Item 2.02
  • Results announced Item 2.02

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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