NCM · Financial Statements

Aehr Test Systems (AEHR) Financial Statements

$55.31 NCM: AEHR Market Cap $1.81B

Aehr Test Systems most recently reported annual revenue of $50.0M, a net loss of $7.0M. Revenue grew at an average annual rate of 24.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Aehr Test Systems: Revenue rose from $19.0M in 2017 to $50.0M in 2026, a change of +163.2% over 9 years; net profit was positive in 4 of 10 reported years; operating margin moved from -26.1% to -28.3%, a shift of -2.2 percentage points; the most recent year shows a net loss of $7.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$19.0M$30.0M$21.0M$22.0M$17.0M$51.0M$65.0M$66.0M$59.0M$50.0M
Operating Expenses$24.0M$29.0M$25.0M$25.0M$21.0M$43.0M$52.0M$56.0M$63.0M$64.0M
Operating Profit$-5.0M$1.0M$-4.0M$-3.0M$-4.0M$8.0M$13.0M$10.0M$-4.0M$-14.0M
Operating Margin-26.1%3.1%-20.3%-11.4%-25.2%15.3%20.6%15.2%-7.3%-28.3%
Other Income$-1.0M$0$-1.0M$0$2.0M$2.0M$1.0M$2.0M$0$2.0M
Interest$1.0M$0$0$0$0$0$0$0$0$0
Depreciation$0$0$0$0$0$0$0$1.0M$3.0M$0
Profit Before Tax$-6.0M$0$-5.0M$-3.0M$-2.0M$10.0M$15.0M$12.0M$-4.0M$-12.0M
Tax$-440,000$-16.0M$-520,000$-1.3M$8.0M$950,000$410,000$-166.1M$8.9M$39.3M
Net Profit$-6.0M$1.0M$-5.0M$-3.0M$-2.0M$9.0M$15.0M$33.0M$-4.0M$-7.0M
EPS$-0.35$0.02$-0.23$-0.12$-0.09$0.34$0.50$1.12$-0.13$-0.23
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$21.0M$21.0M$8.0M$17.0M$13.0M$13.0M$18.0M$14.0M$11.0M$10.0M$10.0M$20.0M
Operating Expenses$17.0M$16.0M$10.0M$14.0M$13.0M$15.0M$19.0M$16.0M$15.0M$15.0M$15.0M$21.0M
Operating Profit$4.0M$5.0M$-2.0M$3.0M$0$-2.0M$-1.0M$-2.0M$-4.0M$-5.0M$-4.0M$-1.0M
Operating Margin19.9%25.5%-27.1%15.3%1.2%-11.3%-6.1%-16.6%-37.1%-49.2%-41.0%-5.0%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$5.0M$6.0M$-1.0M$3.0M$1.0M$-1.0M$-1.0M$-3.0M$-3.0M$-4.0M$-4.0M$0
Tax$340,000$330,000$-480,000$-664.1M$18.9M$17.4M$26.4M$2.9M$26.5M$27.3M$19.9M$401.7M
Net Profit$5.0M$6.0M$-1.0M$24.0M$1.0M$-1.0M$-1.0M$-3.0M$-2.0M$-3.0M$-3.0M$1.0M
EPS$0.16$0.20$-0.05$0.81$0.02$-0.03$-0.02$-0.10$-0.07$-0.11$-0.10$0.05

Over the 10 years reported for Aehr Test Systems, borrowings increased from $6.0M in 2017 to $10.0M in 2026, cash stood at $116.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 10.22 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$31.0M$31.0M$21.0M$21.0M$22.0M$62.0M$98.0M$128.0M$149.0M$247.0M
Current Assets$29.0M$29.0M$20.0M$18.0M$19.0M$60.0M$89.0M$98.0M$89.0M$184.0M
Cash$18.0M$17.0M$5.0M$5.0M$5.0M$31.0M$30.0M$49.0M$25.0M$116.0M
Inventory$7.0M$9.0M$9.0M$8.0M$9.0M$15.0M$24.0M$37.0M$42.0M$41.0M
Receivables$4.0M$3.0M$5.0M$4.0M$5.0M$13.0M$17.0M$10.0M$18.0M$17.0M
Fixed Assets$1.0M$1.0M$1.0M$3.0M$2.0M$2.0M$9.0M$9.0M$19.0M$18.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$18.0M$0$0$0
Other Assets$0$0$0$0$0$0$0$0$11.0M$11.0M
Total Liabilities$14.0M$12.0M$6.0M$7.0M$10.0M$11.0M$23.0M$16.0M$26.0M$27.0M
Current Liabilities$8.0M$11.0M$6.0M$4.0M$9.0M$11.0M$16.0M$11.0M$16.0M$18.0M
Borrowings$6.0M$6.0M$0$4.0M$5.0M$1.0M$6.0M$6.0M$11.0M$10.0M
Other Liabilities$8.0M$6.0M$6.0M$3.0M$5.0M$10.0M$16.0M$10.0M$15.0M$17.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$17.0M$19.0M$15.0M$14.0M$11.0M$51.0M$76.0M$112.0M$123.0M$220.0M

For Aehr Test Systems, operating cash flow was positive in 3 of 10 reported years; free cash flow in the latest year was negative at $5.0M; free cash flow was positive in 3 of 10 years; financing activities used $2.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$-4.0M$-1.0M$-6.0M$-2.0M$-3.0M$2.0M$10.0M$2.0M$-7.0M$-3.0M
Investing Cash Flow$-1.0M$-1.0M$0$0$0$-1.0M$-20.0M$17.0M$-21.0M$-6.0M
Financing Cash Flow$0$0$0$0$0$0$-2.0M$-2.0M$-1.0M$-2.0M
Net Cash Flow$17.0M$-1.0M$-11.0M$0$-1.0M$27.0M$-1.0M$19.0M$-24.0M$90.0M
Free Cash Flow$-5.0M$-2.0M$-6.0M$-2.0M$-3.0M$1.0M$9.0M$1.0M$-12.0M$-5.0M

Valuation & Return Ratios

MetricValue
PEG Ratio5.83
EV / EBITDA-288.92
FCF Yield-0.15%
Quick Ratio8.01
Interest Coverage—
Return 1Y370.90%
Return 3Y95.80%
Return 5Y1451.64%

Aehr Test Systems (AEHR) financials — frequently asked questions

What is Aehr Test Systems's annual revenue?

Aehr Test Systems (AEHR) reported annual revenue of $50.0M in its most recent fiscal year.

What is Aehr Test Systems's net profit?

Aehr Test Systems (AEHR) reported a net loss of $7.0M in its most recent fiscal year.

What is AEHR EV/EBITDA?

Aehr Test Systems's enterprise value to EBITDA (EV/EBITDA) ratio is -288.92. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Technology StocksLow P/E Technology StocksHigh Net Margin Technology StocksDividend Technology StocksLow Debt Technology StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksAll stock screens
AEHR Overview AEHR Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.