KRNT · Kornit Digital Ltd. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $208.20M | $203.82M | $219.79M | $271.52M | $322.01M | $193.33M |
| Cost of Revenue | $115.93M | $112.06M | $152.83M | $175.02M | $170.09M | $105.53M |
| Gross Profit | $92.27M | $91.76M | $66.96M | $96.50M | $151.91M | $87.80M |
| R&D | $37.73M | $41.58M | $50.06M | $56.03M | $43.73M | $31.46M |
| SG&A | $30.39M | $29.09M | $37.59M | $39.29M | $36.64M | $26.66M |
| Total Operating Expenses | $126.84M | $129.08M | $154.49M | $166.38M | $139.12M | $94.53M |
| D&A | $11.90M | $13.05M | $7.10M | $13.56M | $7.10M | $4.71M |
| Operating Income | ($34.57M) | ($37.31M) | ($87.53M) | ($69.88M) | $12.79M | ($6.73M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $865.0K | $1.83M | $970.0K | $22.57M | ($135.0K) | $1.55M |
| Net Income | ($13.52M) | ($16.80M) | ($64.35M) | ($79.06M) | $15.53M | ($4.78M) |
| EPS - Basic | ($0.30) | ($0.35) | ($1.31) | ($1.59) | $0.33 | ($0.11) |
| EPS - Diluted | ($0.30) | ($0.35) | ($1.31) | ($1.59) | $0.32 | ($0.11) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $35.48M | $35.00M | $39.60M | $104.60M | $611.55M | $125.78M |
| Accounts Receivable | $60.80M | $65.46M | $93.63M | $738.0K | $49.80M | $51.57M |
| Inventory | $47.21M | $60.34M | $67.71M | $89.42M | $63.02M | $52.49M |
| Accounts Payable | $6.06M | $9.02M | $6.94M | $14.83M | $46.45M | $32.02M |
| Current Assets | $595.52M | $615.39M | $522.39M | $578.84M | $775.34M | $477.53M |
| Total Assets | $770.51M | $787.48M | $865.58M | $957.67M | $1.04B | $628.99M |
| Current Liabilities | $41.99M | $44.33M | $50.10M | $65.37M | $96.68M | $89.63M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $57.94M | $60.59M | $69.91M | $121.32M | - | - |
| Stockholders' Equity | $712.57M | $726.90M | $795.67M | $868.82M | $919.55M | $519.02M |
| Retained Earnings | ($130.25M) | ($116.73M) | ($99.93M) | ($35.58M) | $43.48M | $27.95M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.63M | $48.73M | ($34.68M) | ($99.35M) | $53.64M | $32.41M |
| Investing Cash Flow | $2.95M | $31.49M | $26.21M | ($407.27M) | $89.75M | ($114.63M) |
| Financing Cash Flow | ($27.11M) | ($84.81M) | ($56.52M) | ($332.0K) | $342.38M | $167.04M |
| CapEx | $21.27M | $15.14M | $7.01M | $8.90M | $14.48M | $13.49M |
| Free Cash Flow | $3.35M | $33.59M | ($41.69M) | ($108.24M) | $39.17M | $18.92M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 44.3% | 45.0% | 30.5% | 35.5% | 47.2% | 45.4% |
| Operating margin | -16.6% | -18.3% | -39.8% | -25.7% | 4.0% | -3.5% |
| EBITDA margin | -10.9% | -11.9% | -36.6% | -20.7% | 6.2% | -1.0% |
| Net margin | -6.5% | -8.2% | -29.3% | -29.1% | 4.8% | -2.5% |
| Free cash flow margin | 1.6% | 16.5% | -19.0% | -39.9% | 12.2% | 9.8% |
| FCF / Net income | -0.25 | -2.00 | 0.65 | 1.37 | 2.52 | -3.96 |
| R&D / Revenue | 18.1% | 20.4% | 22.8% | 20.6% | 13.6% | 16.3% |
| SG&A / Revenue | 14.6% | 14.3% | 17.1% | 14.5% | 11.4% | 13.8% |
| Effective tax rate | - | - | - | - | -0.9% | - |
| Return on assets | -1.8% | -2.1% | -7.4% | -8.3% | 1.5% | -0.8% |
| Return on equity | -1.9% | -2.3% | -8.1% | -9.1% | 1.7% | -0.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 14.18 | 13.88 | 10.43 | 8.85 | 8.02 | 5.33 |
| Quick ratio | 13.06 | 12.52 | 9.07 | 7.49 | 7.37 | 4.74 |
| Cash ratio | 0.84 | 0.79 | 0.79 | 1.60 | 6.33 | 1.40 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.08 | 1.08 | 1.09 | 1.10 | 1.13 | 1.21 |
| Liabilities / Assets | 0.08 | 0.08 | 0.08 | 0.13 | - | - |
| Efficiency | ||||||
| Asset turnover | 0.27 | 0.26 | 0.25 | 0.28 | 0.31 | 0.31 |
| Inventory turnover | 2.46 | 1.86 | 2.26 | 1.96 | 2.70 | 2.01 |
| Days sales outstanding | 107d | 117d | 155d | 1d | 56d | 97d |
| Days inventory outstanding | 149d | 197d | 162d | 186d | 135d | 182d |
| Days payable outstanding | 19d | 29d | 17d | 31d | 100d | 111d |
| Cash conversion cycle | 236d | 284d | 301d | 157d | 92d | 168d |
| Valuation | ||||||
| P / E | - | - | - | - | 475.8x | - |
| P / B | 0.9x | 2.0x | 1.2x | 1.3x | 8.0x | 7.3x |
| P / S | 3.1x | 7.2x | 4.3x | 4.2x | 23.0x | 19.5x |
| EV / EBITDA | - | - | - | - | 341.3x | - |
| Growth | ||||||
| Revenue growth (YoY) | 2.1% | -7.3% | -19.1% | -15.7% | 66.6% | 7.5% |
| Revenue CAGR (3y) | -8.5% | -14.1% | 4.4% | 14.7% | - | 19.2% |
| Revenue CAGR (5y) | 1.5% | 2.5% | - | 18.9% | 24.3% | 31.4% |
| Gross profit growth (YoY) | 0.5% | 37.0% | -30.6% | -36.5% | 73.0% | 7.0% |
| Operating income growth (YoY) | 7.4% | 57.4% | -25.3% | - | - | - |
| Net income growth (YoY) | 19.5% | 73.9% | 18.6% | - | - | - |
| EPS growth (YoY) | 14.3% | 73.3% | 17.6% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | 60.5% | - |
| FCF growth (YoY) | -90.0% | - | 61.5% | - | 107.0% | 254.1% |
| FCF CAGR (5y) | -29.2% | 44.4% | - | - | - | 87.0% |
| Book value growth (YoY) | -2.0% | -8.6% | -8.4% | -5.5% | 77.2% | 53.4% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
5.67
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved