Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.5M | $24.9M | $36.7M | $48.5M | $58.7M | $80.9M | $101M | $47.0M | $52.2M | $54.9M |
| Revenue growth | — | 21.4% | 47.1% | 32.2% | 21.1% | 37.8% | 25.2% | -53.6% | 11.0% | 5.2% |
| Operating income | -$15.0M | -$3.33M | $143K | $3.41M | $5.49M | $5.35M | $828K | $318K | -$1.89M | -$913K |
| Operating margin | -73.1% | -13.4% | 0.4% | 7.0% | 9.4% | 6.6% | 0.8% | 0.7% | -3.6% | -1.7% |
| Net income | -$15.2M | -$3.43M | $147K | $3.32M | $13.2M | $6.58M | $627K | -$9.75M | -$5.80M | $2.91M |
| Net margin | -73.9% | -13.8% | 0.4% | 6.9% | 22.4% | 8.1% | 0.6% | -20.8% | -11.1% | 5.3% |
| EPS (diluted) | -$1.20 | -$0.26 | $0.01 | $0.23 | $0.90 | $0.44 | $0.04 | -$0.65 | -$0.38 | $0.19 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10.8M | -$74.1K | $5.45M | $7.52M | $11.2M | $15.2M | $8.21M | $14.7M | $9.42M | $1.84M |
| Capital expenditures | $1.57M | $449K | $1.11M | $3.48M | $3.16M | $6.99M | $5.90M | $5.00M | $1.19M | $1.50M |
| Free cash flow | -$12.4M | -$523K | $4.34M | $4.04M | $8.03M | $8.24M | $2.31M | $9.68M | $8.23M | $335K |
| Share buybacks | $83.4K | $2.65K | $4.81K | $20.2K | $32.1K | $708K | $5.80K | $3.83K | $0.00 | $11.3M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.01M | $4.22M | $8.72M | $8.46M | $20.6M | $19.5M | $9.75M | $18.2M | $25.1M | $23.6M |
| Total assets | $17.1M | $18.4M | $23.4M | $43.7M | $65.9M | $85.5M | $93.5M | $87.2M | $83.2M | $61.0M |
| Total liabilities | $10.1M | $17.3M | $22.7M | $38.0M | $44.8M | $55.9M | $60.9M | $62.4M | $62.5M | $45.9M |
| Long-term debt | $332K | $100K | — | — | — | — | — | — | — | — |
| Shareholders' equity | $6.93M | $1.15M | $728K | $5.72M | $21.1M | $29.5M | $32.6M | $24.7M | $20.7M | $15.1M |
| Retained earnings | -$29.0M | -$36.0M | -$37.4M | -$33.6M | -$20.1M | -$13.5M | -$12.2M | -$21.9M | -$27.7M | -$24.8M |
| Shares (wtd avg diluted) | 12.7M | 13.2M | 14.0M | 14.5M | 14.6M | 14.9M | 14.9M | 14.9M | 15.1M | 15.2M |
Every figure is extracted from JOINT 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.
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