Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.8M | $32.0M | $34.1M | $30.2M | $31.9M | $32.3M | $36.0M | $23.2M | $23.1M | $24.2M |
| Revenue growth | — | 0.6% | 6.5% | -11.5% | 5.6% | 1.4% | 11.2% | -35.6% | -0.5% | 5.0% |
| Gross profit | $11.9M | $12.2M | $13.4M | $10.5M | $12.7M | $11.1M | $13.6M | $7.26M | $5.95M | $6.88M |
| Gross margin | 37.3% | 38.1% | 39.2% | 34.7% | 39.8% | 34.4% | 37.7% | 31.3% | 25.8% | 28.4% |
| Operating income | -$785K | -$682K | $1.41M | -$3.00M | $1.05M | $84.0K | $2.57M | -$2.92M | -$4.59M | -$2.51M |
| Operating margin | -2.5% | -2.1% | 4.1% | -9.9% | 3.3% | 0.3% | 7.2% | -12.6% | -19.9% | -10.4% |
| Net income | -$4.39M | -$1.22M | $1.02M | -$3.60M | $387K | $920K | $2.15M | -$3.44M | -$5.27M | -$3.20M |
| Net margin | -13.8% | -3.8% | 3.0% | -11.9% | 1.2% | 2.8% | 6.0% | -14.8% | -22.8% | -13.2% |
| EPS (diluted) | -$0.79 | -$0.21 | $0.18 | -$0.62 | $0.06 | $0.15 | $0.35 | -$0.55 | -$0.81 | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $745K | $1.22M | $1.49M | -$847K | $1.24M | $2.40M | $2.38M | -$2.10M | -$455K | -$1.19M |
| Capital expenditures | $4.30M | $847K | $1.00M | $431K | — | — | — | — | — | — |
| Free cash flow | -$3.56M | $373K | $485K | -$1.28M | — | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.24M | $1.41M | $1.33M | $840K | $2.42M | $3.77M | $2.59M | $974K | $707K | $257K |
| Total assets | $31.1M | $29.2M | $29.7M | $29.6M | $31.8M | $30.9M | $32.0M | $29.7M | $25.1M | $23.5M |
| Total liabilities | $13.3M | $12.6M | $11.6M | $14.7M | $15.9M | $13.8M | $12.6M | $13.4M | $13.3M | $14.6M |
| Long-term debt | — | — | $156K | $5.17M | $6.01M | $4.82M | $4.34M | $1.00M | $1.00M | $1.00M |
| Shareholders' equity | $17.8M | $16.6M | $18.1M | $14.9M | $15.8M | $17.0M | $19.5M | $16.3M | $11.8M | $8.88M |
| Retained earnings | -$13.9M | -$15.1M | -$14.1M | -$17.7M | -$17.3M | -$16.3M | -$14.2M | -$17.6M | -$22.9M | -$26.1M |
| Shares (wtd avg diluted) | 5.58M | 5.66M | 5.71M | 5.82M | 5.96M | 6.07M | 6.16B | 6.24B | 6.53M | 7.07M |
Every figure is extracted from CYANOTECH CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.