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Daktronics, Inc.

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Daktronics, Inc. • NASDAQ
$18.93 ▼ -1.05% (-0.20)
Market Cap $918.68 M
52w High $24.38
52w Low $10.24
Dividend Yield 0%
P/E 82.3
Volume 129.68K
Outstanding Shares 48.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $218.972M ▲ $41.8M ▼ $16.47M ▲ 7.522% ▲ $0.34 ▲ $23.272M ▲
Q4-2025 $172.551M ▲ $44.885M ▲ $-9.425M ▲ -5.462% ▲ $0.01 ▲ $-8.598M ▼
Q3-2025 $149.507M ▼ $40.409M ▲ $-17.156M ▼ -11.475% ▼ $-0.36 ▼ $1.285M ▼
Q2-2025 $208.331M ▼ $40.093M ▲ $21.406M ▲ 10.275% ▲ $0.25 ▲ $20.671M ▼
Q1-2025 $226.088M $36.982M $-4.946M -2.188% $-0.11 $27.609M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $0 ▼ $0 ▼ $58.289M ▼ $279.751M ▲
Q4-2025 $127.507M ▼ $502.892M ▼ $230.961M ▼ $271.931M ▼
Q3-2025 $132.169M ▼ $524.156M ▼ $251.865M ▼ $272.291M ▲
Q2-2025 $134.352M ▲ $551.886M ▼ $290.956M ▼ $260.93M ▲
Q1-2025 $96.809M $553.886M $315.675M $238.211M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $16.47M ▲ $26.097M ▲ $-5.62M ▲ $-11.128M ▲ $9.349M ▲ $21.806M ▲
Q4-2025 $-9.425M ▲ $22.874M ▲ $-6M ▼ $-20.855M ▼ $-4.662M ▼ $18.048M ▲
Q3-2025 $-17.156M ▼ $12.019M ▼ $-5.399M ▲ $-8.627M ▼ $-2.183M ▼ $7.817M ▼
Q2-2025 $21.406M ▲ $43.339M ▲ $-6.414M ▼ $-29K ▼ $37.164M ▲ $37.954M ▲
Q1-2025 $-4.946M $19.481M $-5.969M $2.062M $15.51M $14.4M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q1-2026
Limited Configuration
Limited Configuration
 $80.00M ▲$90.00M ▲$70.00M ▼$90.00M ▲
Service and Other
Service and Other
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Unique Configuration
Unique Configuration
 $120.00M ▲$90.00M ▼$60.00M ▼$100.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has trended upward over the last several years, moving from a smaller base to a clearly larger scale today. Gross profitability has improved meaningfully versus earlier years, suggesting better pricing, mix, or cost control, but operating results have been somewhat choppy. The company swung from break‑even or modest profit to a healthy profit and then back to a small loss most recently. That pattern points to a business that is stronger than it used to be, but still exposed to swings in demand, project timing, and input costs. Overall, the income statement shows a company that can be solidly profitable in good conditions but is not yet consistently steady across cycles.

Balance Sheet

Balance Sheet The balance sheet looks generally healthier than it did a few years ago. Total assets have grown, and cash on hand has increased noticeably compared with earlier years, providing a better liquidity cushion. Debt is present but modest relative to the size of the business and equity base, indicating limited financial leverage. Shareholders’ equity has gradually built up over time, which signals cumulative value creation despite recent earnings volatility. In simple terms, the company appears to be on firmer financial footing, with more resources and only light reliance on borrowing.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has improved over time, shifting from occasional outflows to more consistent inflows in recent years. After necessary investment in equipment and facilities, free cash flow has been positive in most years, with the weakest period in the middle of the five‑year span now behind them. Capital spending has been relatively steady and manageable, suggesting the company is investing to maintain and upgrade its capabilities without overstretching. Overall, the business looks increasingly self‑funding, which reduces dependence on outside financing and supports financial resilience.

Competitive Edge

Competitive Edge Daktronics occupies a strong niche as a global leader in large, specialized digital displays, especially in sports venues, transportation, and high‑visibility commercial locations. Its brand is well known in these segments, and its ability to deliver complex, custom projects at scale gives it a clear edge over smaller rivals. The company’s design‑build model, where it partners closely with customers from concept through installation and service, deepens relationships and raises switching costs. Its broad product line across multiple end markets spreads risk across different customer types and geographies. However, the business still faces competition from other display and technology providers, and it operates in a project‑driven market that can be cyclical and price sensitive, especially when economic conditions tighten.

Innovation and R&D

Innovation and R&D Innovation is a central pillar for Daktronics. The company is pushing advanced LED technologies such as narrow‑pixel‑pitch, chip‑on‑board, and MicroLED, which aim to deliver sharper images, better durability, and lower energy use. It also invests in integrated software platforms—like its control suites and data‑driven content tools—to tie hardware, data, and content together, gradually increasing recurring, service‑based revenue. New energy‑efficient billboard lines and bendable or architecturally flexible displays widen its addressable market. Expansion into emerging regions and the professional AV channel further extends its reach. The flip side is that this strategy requires ongoing R&D spending and flawless execution; technology cycles are fast, and customers can be demanding, so the company must continue to innovate at a high level to maintain its edge.

Summary

Daktronics has evolved from a smaller, more volatile business into a larger, more financially secure player with a clearer technological and competitive edge. Revenue and margins have generally improved, the balance sheet now carries more cash and only modest debt, and cash flows look meaningfully stronger than a few years ago. At the same time, earnings remain somewhat uneven, reflecting the project‑based, cyclical nature of its markets. The company’s strengths lie in its specialized expertise, strong brand in high‑end digital displays, and deep investment in LED and software innovation. Key uncertainties include execution risk on large projects, the need to keep pace with rapid technological change, and exposure to broader economic conditions that influence capital spending on venues, advertising, and infrastructure. Overall, the picture is of a company with a solid foundation and notable competitive advantages, balanced by the inherent ups and downs of its end markets and the constant pressure to innovate.

NEWS

November 11, 2025 · 11:42 AM UTC

Daktronics to Participate in the Craig-Hallum 16th Annual Alpha Select Conference on November 18th

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September 10, 2025 · 12:19 PM UTC

Daktronics to Present at Sidoti Small-Cap Investor Conference

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September 2, 2025 · 9:00 AM UTC

Daktronics, Inc. to Release First Quarter Fiscal 2026 Financial Results

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