Logo

RELL

Richardson Electronics, Ltd.

RELL

Richardson Electronics, Ltd. • NASDAQ
$10.46 ▼ -0.38% (-0.04)
Market Cap $150.57 M
52w High $15.51
52w Low $7.57
Dividend Yield 0.24%
P/E 1046
Volume 23.59K
Outstanding Shares 14.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $54.607M ▲ $15.961M ▲ $1.909M ▲ 3.496% ▲ $0.13 ▲ $3.301M ▲
Q4-2025 $51.889M ▼ $15.566M ▲ $1.075M ▲ 2.072% ▲ $0.087 ▲ $2.929M ▲
Q3-2025 $53.804M ▲ $14.5M ▼ $-2.057M ▼ -3.823% ▼ $-0.13 ▼ $-2.11M ▼
Q2-2025 $49.491M ▼ $15.995M ▼ $-751K ▼ -1.517% ▼ $-0.048 ▼ $-40K ▼
Q1-2025 $53.725M $16.112M $590K 1.098% $0.041 $1.692M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $35.654M ▼ $200.067M ▲ $40.699M ▲ $159.368M ▲
Q4-2025 $35.901M ▼ $195.835M ▲ $39.176M ▲ $156.659M ▲
Q3-2025 $36.675M ▲ $189.81M ▼ $36.91M ▼ $152.9M ▼
Q2-2025 $26.635M ▲ $195.225M ▼ $39.034M ▲ $156.191M ▼
Q1-2025 $23.035M $197.863M $38.799M $159.064M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $1.909M ▲ $1.367M ▲ $-1.025M ▼ $-895K ▼ $-247K ▲ $342K ▲
Q4-2025 $1.075M ▲ $73.999K ▼ $-977K ▼ $-839K ▲ $-774K ▼ $-745K ▼
Q3-2025 $-2.057M ▼ $4.601M ▼ $6.436M ▲ $-852K ▼ $10.04M ▲ $4.052M ▼
Q2-2025 $-751K ▼ $5.465M ▲ $-517K ▲ $-687K ▲ $3.6M ▲ $4.948M ▲
Q1-2025 $590K $412K $-919K $-868K $-1.228M $-514K

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Canvys
Canvys
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Power And Microwave Technologies Group
Power And Microwave Technologies Group
 $30.00M ▲$30.00M ▲$40.00M ▲$40.00M ▲
Healthcare Segment
Healthcare Segment
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown nicely over the last few years but has recently pulled back from its peak, suggesting that the business hit a strong upswing and is now normalizing. Gross profit has held at a healthy level, showing that the company still adds good value on each sale. However, operating profit and net income have slipped from solid profits a couple of years ago to roughly break-even and then a small loss most recently. That pattern points to a business with attractive opportunities but also meaningful volatility, likely tied to project timing and cyclical end markets like industrial and semiconductor equipment. The swing from strong earnings per share to a small loss is the main financial watchpoint on the income statement side.

Balance Sheet

Balance Sheet The balance sheet looks conservative and fairly robust. Total assets have gradually increased, and shareholders’ equity has steadily built up, which signals that the business has been financed mainly through retained earnings rather than borrowing. The company carries essentially no financial debt, which is a major strength in uncertain markets and gives it flexibility to invest or weather downturns. Cash levels have moved around but remain solid relative to the company’s size, providing a reasonable cushion. Overall, the balance sheet acts as a source of stability even as earnings move up and down.

Cash Flow

Cash Flow Cash generation is modest but generally positive. Operating cash flow has improved from a weak patch a couple of years ago to consistently positive territory, which means the core business is bringing in cash despite thinner recent profits. Capital spending has been relatively light, so free cash flow has usually been positive, except for a short period when investment and working capital needs rose. In practical terms, the company appears able to fund its operations and small growth initiatives from internal cash, without relying on debt, but it doesn’t have large excess cash flows to support very aggressive expansion without trade-offs.

Competitive Edge

Competitive Edge Richardson Electronics competes by focusing on specialized, engineered solutions rather than high-volume commodity parts. Its strengths are deep technical know‑how in power and microwave technologies, a long history in tubes and high-reliability components, and custom work for demanding uses in industrial, medical, semiconductor, and green energy applications. It builds close, sticky relationships by collaborating with customers on design, integration, and long-term support. The global distribution and service network and U.S.-based manufacturing add further credibility and supply-chain resilience. The main risks are that these niche markets can be uneven in demand, some legacy technologies are mature, and the company must continually defend its position against both large distributors and smaller, highly specialized competitors.

Innovation and R&D

Innovation and R&D Innovation is centered on solving tough, specific problems rather than creating mass-market gadgets. Key areas include ultracapacitor modules that replace traditional batteries in wind turbines, magnetrons used for making synthetic diamonds, advanced power and microwave components, and highly customized display systems for medical and industrial equipment. The newer green energy and power-management solutions are especially important for future growth, as they tap into long-term trends like renewable power, electrification, and more efficient industrial processes. At the same time, success depends on the company maintaining strong engineering talent, winning new design slots, and expanding these technologies into additional applications, all of which carry execution and adoption risk.

Summary

Richardson Electronics combines a niche, engineering-driven business model with a conservative financial foundation. The company benefited from a strong profit phase but has since returned to roughly break-even results, highlighting the cyclical and project-dependent nature of its markets. Its debt-free balance sheet and generally positive cash flow help offset that earnings volatility. Competitively, the firm is differentiated by its deep technical expertise, long-standing relationships, and focus on custom, high-reliability solutions in industrial, medical, semiconductor, and green energy end markets. Future performance will likely hinge on how well it scales its green energy and advanced power products, keeps its legacy businesses relevant, and manages the natural ups and downs inherent in its specialized customer base.

NEWS

November 26, 2025 · 11:00 AM UTC

Richardson Electronics, Ltd. to Attend Benchmark 14th Annual Discovery One-on-One Investor Conference

Read more

October 8, 2025 · 4:15 PM UTC

Richardson Electronics Reports First Quarter Results; Declares Quarterly Cash Dividend

Read more

October 1, 2025 · 4:15 PM UTC

Richardson Electronics Announces Date of First Quarter Fiscal Year 2026 Conference Call

Read more

September 16, 2025 · 11:00 AM UTC

Richardson Electronics Appoints Daniel Albers to Drive Made-in-USA Contract Manufacturing Expansion

Read more

September 9, 2025 · 12:30 PM UTC

Richardson Electronics to Attend the Sidoti Small-Cap Virtual Conference

Read more