NASDAQ · Financial Statements

Deswell Industries, Inc. (DSWL) Financial Statements

$2.98 NASDAQ: DSWL Market Cap $47.34M

Deswell Industries, Inc. most recently reported annual revenue of $61.0M, net profit of $11.0M. Revenue declined at an average annual rate of 1.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Deswell Industries, Inc.: Revenue rose from $45.0M in 2017 to $61.0M in 2026, a change of +35.6% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from -4.7% to 3.5%, a shift of +8.3 percentage points; the most recent year shows net profit of $11.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$45.0M$61.0M$67.0M$65.0M$65.0M$85.0M$78.0M$69.0M$68.0M$61.0M
Operating Expenses$47.0M$59.0M$68.0M$64.0M$62.0M$83.0M$75.0M$66.0M$65.0M$59.0M
Operating Profit$-2.0M$2.0M$-2.0M$1.0M$3.0M$3.0M$3.0M$4.0M$2.0M$2.0M
Operating Margin-4.7%3.0%-2.5%2.2%5.0%3.2%3.7%5.5%3.6%3.5%
Other Income$4.0M$4.0M$4.0M$-2.0M$5.0M$5.0M$-1.0M$4.0M$9.0M$8.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$1.0M
Profit Before Tax$2.0M$6.0M$4.0M$-1.0M$9.0M$8.0M$2.0M$8.0M$11.0M$10.0M
Tax$13.2M$110,000$3.3M$-39.4M$5.5M$-2.0M$11.0M$1.4M$1.4M$-3.5M
Net Profit$1.0M$6.0M$4.0M$-1.0M$8.0M$8.0M$2.0M$8.0M$11.0M$11.0M
EPS$0.09$0.39$0.27$-0.08$0.51$0.51$0.13$0.48$0.70$0.67
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 '20Mar '21Sep '21Mar '22Sep '22Mar '23Sep '23Mar '24Sep '24Mar '25Sep '25Mar '26
Revenue$28.0M$37.0M$40.0M$46.0M$44.0M$33.0M$38.0M$32.0M$35.0M$32.0M$33.0M$28.0M
Operating Expenses$27.0M$35.0M$39.0M$44.0M$42.0M$33.0M$36.0M$32.0M$33.0M$31.0M$31.0M$28.0M
Operating Profit$1.0M$2.0M$1.0M$2.0M$2.0M$1.0M$2.0M$0$2.0M$1.0M$2.0M$0
Operating Margin3.2%5.3%2.7%3.8%4.6%1.5%5.6%-1.3%5.2%4.6%7.1%-0.7%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$2.0M$7.0M$4.0M$4.0M$0$3.0M$4.0M$0$6.0M$5.0M$8.0M$3.0M
Tax$13.1M$3.5M$3.9M$-9.1M$-107.4M$-1.4M$4.5M$-32.1M$4.3M$-2.5M$2.2M$-20.6M
Net Profit$2.0M$7.0M$4.0M$4.0M$-1.0M$3.0M$4.0M$4.0M$6.0M$5.0M$8.0M$3.0M
EPS$0.10$0.42$0.27$0.25$-0.04$0.16$0.22$0.26$0.38$0.31$0.47$0.20

Over the 10 years reported for Deswell Industries, Inc., cash stood at $23.0M in the latest year, shareholders' equity was $53.0M, current assets covered current liabilities 5.35 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$91.0M$100.0M$100.0M$95.0M$108.0M$116.0M$110.0M$111.0M$120.0M$130.0M
Current Assets$56.0M$69.0M$70.0M$65.0M$79.0M$88.0M$81.0M$83.0M$96.0M$107.0M
Cash$8.0M$15.0M$14.0M$23.0M$20.0M$13.0M$22.0M$16.0M$28.0M$23.0M
Inventory$11.0M$13.0M$13.0M$9.0M$16.0M$24.0M$17.0M$12.0M$9.0M$12.0M
Receivables$13.0M$16.0M$16.0M$12.0M$15.0M$18.0M$16.0M$12.0M$10.0M$11.0M
Fixed Assets$32.0M$31.0M$30.0M$29.0M$27.0M$27.0M$26.0M$25.0M$23.0M$22.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$25.0M$17.0M$25.0M$22.0M$25.0M$31.0M$28.0M$45.0M$47.0M$59.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$15.0M$19.0M$16.0M$15.0M$22.0M$25.0M$21.0M$17.0M$18.0M$21.0M
Current Liabilities$15.0M$19.0M$16.0M$14.0M$21.0M$24.0M$20.0M$16.0M$18.0M$20.0M
Borrowings$0$0$0$0$0$0$0$0$0$0
Other Liabilities$15.0M$19.0M$16.0M$15.0M$22.0M$25.0M$21.0M$17.0M$18.0M$21.0M
Equity$53.0M$53.0M$53.0M$53.0M$53.0M$53.0M$53.0M$53.0M$53.0M$53.0M
Reserves$76.0M$81.0M$84.0M$80.0M$86.0M$91.0M$90.0M$94.0M$102.0M$109.0M

For Deswell Industries, Inc., operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was $5.0M; free cash flow was positive in 8 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$-1.0M$6.0M$2.0M$13.0M$3.0M$0$13.0M$13.0M$14.0M$5.0M
Investing Cash Flow$-2.0M$1.0M$-2.0M$-3.0M$-3.0M$-5.0M$-2.0M$-17.0M$2.0M$-7.0M
Financing Cash Flow$0$0$0$0$0$0$0$0$0$0
Net Cash Flow$-4.0M$7.0M$-1.0M$8.0M$-2.0M$-7.0M$9.0M$-6.0M$12.0M$-5.0M
Free Cash Flow$-3.0M$4.0M$1.0M$13.0M$3.0M$-2.0M$12.0M$13.0M$13.0M$5.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-1.58
EV / EBITDA3.12
FCF Yield9.67%
Quick Ratio4.67
Interest Coverage—
Return 1Y38.32%
Return 3Y70.28%
Return 5Y11.00%

Deswell Industries, Inc. (DSWL) financials — frequently asked questions

What is Deswell Industries, Inc.'s annual revenue?

Deswell Industries, Inc. (DSWL) reported annual revenue of $61.0M in its most recent fiscal year.

What is Deswell Industries, Inc.'s net profit?

Deswell Industries, Inc. (DSWL) reported net profit of $11.0M in its most recent fiscal year.

What is DSWL EV/EBITDA?

Deswell Industries, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 3.12.

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