Logo

KOSS

Koss Corporation

KOSS

Koss Corporation • NASDAQ
$5.06 ▲ 5.20% (+0.25)
Market Cap $47.58 M
52w High $8.59
52w Low $4.00
Dividend Yield 0%
P/E -506
Volume 21.15K
Outstanding Shares 9.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $4.071M ▲ $1.675M ▲ $243.729K ▲ 5.987% ▲ $0.03 ▲ $317.158K ▲
Q4-2025 $3.084M ▲ $1.55M ▼ $-232.696K ▲ -7.545% ▲ $-0.025 ▲ $-1.374M ▼
Q3-2025 $2.781M ▼ $1.604M ▲ $-316.742K ▼ -11.389% ▼ $-0.034 ▼ $-460.508K ▼
Q2-2025 $3.557M ▲ $1.547M ▼ $94.142K ▲ 2.647% ▲ $0.01 ▲ $-81.059K ▲
Q1-2025 $3.202M $1.81M $-419.535K -13.103% $-0.045 $-584K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $16.459M ▲ $37.663M ▲ $6.808M ▲ $30.855M ▲
Q4-2025 $15.688M ▲ $37.185M ▼ $6.575M ▼ $30.61M ▼
Q3-2025 $13.045M ▲ $37.298M ▼ $6.615M ▲ $30.683M ▼
Q2-2025 $9.7M ▼ $37.436M ▼ $6.442M ▼ $30.994M ▲
Q1-2025 $11.893M $38.102M $7.255M $30.847M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $243.729K ▲ $762.617K ▲ $-1.052M ▼ $-2.371K ▼ $-291.884K ▼ $761.517K ▲
Q4-2025 $-232.696K ▲ $-534.897K ▼ $254.339K ▲ $153.463K ▲ $-127.095K ▼ $-541.847K ▼
Q3-2025 $-316.742K ▼ $370.408K ▲ $28.757K ▲ $0 ▼ $399.165K ▲ $306.194K ▲
Q2-2025 $94.142K ▲ $-251.973K ▼ $-10.607K ▲ $47.575K ▼ $-215.005K ▼ $-314.333K ▼
Q1-2025 $-419.535K $201.554K $-392.773K $104.87K $-86.349K $-155.639K

Five-Year Company Overview

Income Statement

Income Statement Revenue over the past few years has been very small and fairly flat, which suggests a niche, low-scale business rather than a mass-market player. Profitability has been thin and somewhat choppy, with one clearly stronger year followed by results that hover around break-even or show small losses. The company does not appear to have strong operating leverage; when sales move even a little, earnings swing noticeably. Overall, the income statement reflects a business that is stable in size but fragile in earnings power, with limited margin for error if demand softens or costs rise.

Balance Sheet

Balance Sheet The balance sheet is compact but relatively clean. Assets and shareholders’ equity have stayed broadly steady, which points to a business that is not aggressively expanding but also not rapidly shrinking. Notably, there is effectively no financial debt, which reduces balance sheet risk and interest burden. Cash levels, however, have come down from prior years, implying less of a cash cushion and a greater need for ongoing discipline in managing costs and inventory.

Cash Flow

Cash Flow Cash generation has been modest and concentrated in one stronger year, with other years roughly around break-even. The business does not appear to require heavy investment in equipment or facilities, so capital spending is low, which helps free cash flow when operations are positive. At the same time, this means there is limited internally generated cash to fund big new initiatives if performance softens. Overall, cash flow is adequate for a small, steady operation but leaves little room for prolonged downturns or major strategic bets without outside funding or cost cuts.

Competitive Edge

Competitive Edge Koss operates in a fiercely competitive headphone and audio market dominated by global giants with far larger marketing and R&D budgets. Its main strengths are a deep heritage in personal audio, iconic legacy products, and a loyal niche following that values the “Koss sound” and the brand’s story. The company also benefits from a meaningful portfolio of patents and trademarks and from goodwill built through long-standing warranties and customer service. On the other hand, competing against brands tied to smartphones, gaming ecosystems, and lifestyle marketing is challenging, and Koss must rely on focus, authenticity, and niche positioning rather than scale.

Innovation and R&D

Innovation and R&D Historically, Koss was a true pioneer, having created the first high-fidelity stereo headphones and later pushing into electrostatic and early cordless designs. Today, its innovation approach appears more focused on updating classic models with modern features (such as wireless connectivity and modular cabling) than on radically new platforms. The company’s intellectual property—patents and trademarks—and its willingness to defend them are important intangible assets that can support licensing or settlements. However, its R&D firepower is small compared with large consumer electronics firms, so Koss is more likely to innovate in focused niches and around its heritage products than to drive broad industry-wide change.

Summary

Koss looks like a small, specialized audio company with steady but low-scale revenue and earnings that fluctuate around break-even. Its balance sheet is simple and largely debt-free, which helps reduce financial risk, but its cash buffer is not large, so operational missteps could become visible quickly. Cash flow has been modest and concentrated in a single stronger year, suggesting that consistent execution is key to maintaining financial stability. Competitively, the company leans on brand history, loyal fans, and intellectual property to stand out in a crowded market dominated by much bigger players. Its future seems tied to carefully modernizing its classic products, strengthening direct-to-consumer relationships, and selectively monetizing its innovation and patent base, all while staying disciplined given its limited scale.

NEWS

October 30, 2025 · 5:15 PM UTC

Koss Corporation Reports First Quarter Results

Read more