FST Corp.
KBSX Nasdaq· Sporting & Athletic Goods, Nec
KIRA · Stoqly’s AI analyst, in plain words
- FST Corp. had $48.0M of revenue in fiscal 2025, up 31.4% on the year before.
- Its operating margin was −4.9%, up 5.1 pts: of every 100 in sales, about −5 is left after running the business.
- FST Corp. lost $1.5M in fiscal 2025.
- Free cash flow was −$1.6M in fiscal 2025, −3.3% of revenue.
- FST Corp. owes $40.2M more than it holds in cash.
Market cap
—
P/E
—
Revenue
$48.0M
Net income
−$1.5M
Free cash flow
−$1.6M
Operating margin
−4.9%
FST Corp. in 30 seconds · fiscal 2025
Are sales growing?
+31.4%
Yes. Sales grew 31.4% last year.
Does it make a profit?
−3.1%
No. It lost money last year.
Does profit turn into cash?
−3.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
What FST Corp. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 20, 2026
- Legal name
- FST Corp.
- CIK
- 0002014254
FST Corp. · KBSX
Results and finances
The last 3 fiscal years. Amounts in USD.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Sales and profit | |||
| Revenue | $28.7M | $36.5M | $48.0M |
| Revenue growth | — | 27.0% | 31.4% |
| Gross margin | 46.8% | 43.1% | 43.0% |
| Operating margin | −10.9% | −10.0% | −4.9% |
| Net income | −$2.2M | −$3.2M | −$1.5M |
| Net margin | −7.5% | −8.9% | −3.1% |
| Diluted EPS | −$0.05 | −$0.09 | −$0.03 |
| Cash | |||
| Cash from operations | −$11.2M | −$1.6M | −$1.0M |
| Capital expenditure | $11.6M | $4.1M | $0.6M |
| Free cash flow | −$22.8M | −$5.7M | −$1.6M |
| FCF margin | −79.3% | −15.7% | −3.3% |
| Dividends paid | $2.7M | — | — |
| Share count change | — | −18.3% | 17.8% |
| Debt and strength | |||
| Cash and short-term investments | $8.9M | $5.2M | $7.2M |
| Debt incl. finance leases | $14.2M | $40.0M | $47.4M |
| Shareholders' equity | $27.5M | $22.8M | $15.4M |
| Current ratio | 1.4x | 1.2x | 0.9x |
| Interest coverage | −212.2x | −6.7x | −2.8x |
| Returns and quality | |||
| Return on capital | −7.5% | −5.0% | −3.3% |
| Return on equity | −7.9% | −12.9% | −7.8% |
| Return on tangible equity | −9.8% | −18.3% | −14.2% |
| Piotroski F-score | — | 3 | 3 |
| Altman Z'' | 1.7 | 0.9 | −0.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FST Corp. · KBSX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0002014254). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.