AMPG Nasdaq Communications Equipment, Nec Financials FY2016βFY2025
AmpliTech Group, Inc. had $25.2M of revenue in fiscal 2025, up 165.0% on the year before. Over five years, revenue changed +48.8% a year on average.
Last close Β· Oct 23, 2026
$2.58
3.2%Hi! I read AmpliTech Group, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+165.0%
Yes. Sales grew 165.0% last year.
Does it make a profit?
β27.8%
No. It lost money last year.
Does profit turn into cash?
β38.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 8
Weak. It passes 2 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· AmpliTech Group, Inc. had $25.2M of revenue in fiscal 2025, up 165.0% on the year before. Over five years, revenue changed +48.8% a year on average. Its operating margin was β29.1%, up 59.6Β pts: of every 100 in sales, about β29 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· AmpliTech Group, Inc. lost $7.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$9.7M in fiscal 2025, β38.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.0M and sold $0.6M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
2 insiders
Sold, 12 months
$0.6M
3 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Fawad MaqboolChief Executive Officer, Director, 10% owner | Bought | 12,247 | $3.48 | $0.0M | Form 4 |
| Jun 23, 2026 | Daniel Richard MazziotaDirector | Sold | 10,000 | $7.71 | $0.1M | Form 4 |
| Jun 22, 2026 | Daniel Richard MazziotaDirector | Sold | 7,157 | $8.46 | $0.1M | Form 4 |
| Jun 1, 2026 | Jorge Luis FloresChief Operating Officer | Sold | 30,000 | $5.36 | $0.2M | Form 4 |
| May 28, 2026 | Louisa SanfratelloChief Financial Officer, Director | Sold | 50,000 | $4.80 | $0.2M | Form 4 |
| May 22, 2026 | Daniel Richard MazziotaDirector | Sold | 10,000 | $4.95 | $0.0M | Form 4 |
| Dec 18, 2025 | Shailesh ModiDirector | Bought | 2,000 | $2.90 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably AmpliTech Group, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $18.0M | $13.5M | $6.7M | $19.3M | $5.0M |
| Debt incl. finance leases | β | $0.3M | $0.1M | β | β |
| Net debt / EBITDA | β | β23.5x | β | β | β |
| Debt / equity | β | 0.0x | 0.0x | β | β |
| Interest coverage | β119.3x | 11.6x | β | β | β |
| Current ratio | 6.4x | 5.5x | 11.4x | 18.4x | 1.7x |
| Quick ratio | 5.3x | 3.9x | 7.1x | 13.5x | 1.1x |
| Total assets | $35.2M | $36.7M | $31.4M | $43.2M | $51.5M |
| Total liabilities | $6.2M | $7.9M | $4.7M | $5.7M | $18.6M |
| Shareholders' equity | $29.0M | $28.8M | $26.7M | $37.5M | $32.9M |
| Net debt (β = net cash) | β | β$13.2M | β$6.6M | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· AmpliTech Group, Inc. passes 2 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 1 / 8 | 5 / 8 | 3 / 8 | 3 / 9 | 3 / 8 | 3 / 8 | 3 / 9 | 2 / 8 | 2 / 8 |
| Accruals ratio | 14.0% | 9.6% | β2.2% | 1.1% | β16.3% | β13.5% | 7.6% | 3.0% | β15.9% | 3.5% |
| Altman Z'' | 7.26 | 0.84 | 5.51 | 2.50 | β2.43 | 7.15 | 6.43 | 7.63 | 8.04 | 0.42 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.0M | $1.4M | $2.4M | $3.1M | $3.5M | $5.3M | $19.4M | $15.6M | $9.5M | $25.2M |
| Net interest income | β | β | β | β | β | β | β$0.0M | $0.0M | β$0.3M | $0.2M |
| Gross profit | $1.2M | $0.7M | $1.4M | $1.6M | $1.3M | $1.3M | $8.9M | $7.3M | $3.5M | $6.0M |
| Research and development | $0.0M | $0.1M | $0.0M | $0.1M | $0.1M | $1.8M | $1.0M | $2.3M | $3.6M | $2.7M |
| Operating income | $0.5M | β$0.1M | $0.3M | $0.1M | β$0.9M | β$5.1M | $0.2M | β$2.6M | β$8.4M | β$7.3M |
| Interest expense | $0.0M | $0.0M | $0.0M | $0.0M | $0.1M | $0.0M | $0.0M | β | β | β |
| Pretax income | $0.5M | β$0.1M | $0.3M | $0.0M | β$1.0M | β$4.8M | β$0.7M | β$2.4M | β$11.2M | β$7.0M |
| Income tax | $0.0M | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | $0.5M | β$0.1M | $0.3M | $0.0M | β$1.0M | β$4.8M | β$0.7M | β$2.5M | β$11.2M | β$7.0M |
| Diluted EPS | $0.01 | $0.00 | $0.00 | $0.00 | β$0.37 | β$0.53 | β$0.07 | β$0.26 | β$1.04 | β$0.33 |
| Diluted shares | 0.09B | 0.05B | 0.09B | 0.00B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | $0.3M | β$0.2M | $0.4M | β$0.0M | β$0.5M | β$2.2M | β$3.4M | β$3.5M | β$5.3M | β$8.7M |
| Capital expenditure | $0.0M | $0.0M | β$0.0M | $0.0M | $0.1M | $1.1M | $0.7M | $1.0M | $0.0M | $1.0M |
| Free cash flow | $0.3M | β$0.2M | $0.4M | β$0.0M | β$0.6M | β$3.3M | β$4.2M | β$4.4M | β$5.3M | β$9.7M |
| Depreciation and amortization | $0.0M | $0.0M | $0.0M | $0.1M | $0.1M | $0.1M | $0.4M | $0.5M | $0.5M | $1.3M |
| Stock-based compensation | β | β | β | $0.1M | $0.1M | $0.7M | $0.4M | $0.4M | $0.5M | $0.5M |
| Acquisitions | β | β | β | $0.7M | $0.0M | β$9.2M | $0.0M | β | β | $3.5M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.3M | $0.1M | $0.4M | $0.6M | $0.2M | $18.0M | $13.5M | $6.7M | $19.3M | $5.0M |
| Total debt | β | β | β | $1.5M | $1.6M | β | $0.2M | $0.1M | β | β |
| Finance lease liabilities | β | β | β | $0.1M | $0.1M | $0.1M | $0.1M | $0.0M | $0.0M | $0.0M |
| Current assets | $0.7M | $0.6M | $1.2M | $1.9M | $1.4M | $24.3M | $22.2M | $17.1M | $28.3M | $25.1M |
| Current liabilities | $0.2M | $0.2M | $0.4M | $0.5M | $0.7M | $3.8M | $4.0M | $1.5M | $1.5M | $14.9M |
| Inventory | $0.3M | $0.3M | $0.4M | $0.6M | $0.5M | $4.2M | $6.6M | $6.5M | $7.6M | $8.9M |
| Property and equipment, net | $0.1M | $0.1M | $0.2M | $0.2M | $0.3M | $1.4M | $2.0M | $2.6M | $2.3M | $2.9M |
| Goodwill | β | β | β | $0.1M | $0.1M | $4.8M | $4.7M | $4.7M | $4.7M | $4.7M |
| Intangible assets | β | β | β | $0.7M | $0.6M | $3.3M | $3.1M | $3.0M | $2.4M | $13.1M |
| Total assets | $0.8M | $0.7M | $1.4M | $3.4M | $2.8M | $35.2M | $36.7M | $31.4M | $43.2M | $51.5M |
| Total liabilities | $0.2M | $0.2M | $0.5M | $2.3M | $2.4M | $6.2M | $7.9M | $4.7M | $5.7M | $18.6M |
| Preferred stock | β | β | β | $0.0M | $0.0M | $0.0M | $0.0M | β | β | β |
| Shareholders' equity | $0.6M | $0.5M | $0.9M | $1.1M | $0.4M | $29.0M | $28.8M | $26.7M | $37.5M | $32.9M |
| Margins | ||||||||||
| Gross margin | 59.4% | 52.7% | 57.6% | 50.2% | 36.3% | 24.5% | 46.0% | 46.7% | 36.7% | 23.9% |
| Operating margin | 23.2% | β6.5% | 14.2% | 2.6% | β26.5% | β96.8% | 0.8% | β16.5% | β88.7% | β29.1% |
| EBITDA margin | 24.6% | β4.6% | 15.9% | 4.4% | β23.8% | β94.0% | 2.9% | β13.1% | β83.0% | β23.9% |
| Net margin | 22.4% | β7.0% | 13.7% | 0.2% | β29.7% | β90.2% | β3.5% | β15.8% | β118.2% | β27.8% |
| FCF margin | 16.3% | β12.5% | 15.1% | β1.0% | β17.2% | β61.8% | β21.5% | β28.5% | β56.1% | β38.5% |
| Net interest share of revenue | β | β | β | β | β | β | β0.1% | 0.1% | β3.1% | 0.6% |
| Returns | ||||||||||
| Return on capital | β | β | β | 4.1% | β39.2% | β | 0.8% | β10.2% | β | β |
| Return on capital employed | 79.0% | β18.0% | 33.2% | 2.9% | β42.5% | β16.3% | 0.5% | β8.6% | β20.2% | β20.0% |
| Return on equity | 76.4% | β17.7% | 46.5% | 0.6% | β133.7% | β32.3% | β2.3% | β8.9% | β35.0% | β19.9% |
| Return on assets | 58.3% | β13.4% | 31.7% | 0.2% | β33.2% | β25.0% | β1.9% | β7.2% | β30.1% | β14.8% |
| Return on tangible equity | 76.4% | β19.4% | 35.9% | 2.0% | β | β22.7% | β3.2% | β13.0% | β36.9% | β46.7% |
| Growth | ||||||||||
| Revenue growth | β | β32.2% | 73.6% | 30.2% | 10.7% | 52.6% | 267.6% | β19.6% | β39.0% | 165.0% |
| Net income growth | β | β121.3% | β | β98.2% | β17,483.1% | β | β | β | β | β |
| EPS growth | β | β100.0% | β | β | β | β | β | β | β | β |
| FCF growth | β | β151.8% | β | β109.0% | β | β | β | β | β | β |
| Share count change | β | β46.2% | 90.0% | β94.9% | β38.2% | 219.9% | 8.0% | 0.5% | 11.6% | 94.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β | 7.4x | β | β | β23.5x | β | β | β |
| Debt / equity | β | β | β | 1.4x | 3.6x | β | 0.0x | 0.0x | β | β |
| Interest coverage | 30.3x | β12.9x | 27.5x | 11.4x | β8.4x | β119.3x | 11.6x | β | β | β |
| Current ratio | 3.8x | 3.7x | 3.2x | 3.6x | 2.1x | 6.4x | 5.5x | 11.4x | 18.4x | 1.7x |
| Quick ratio | 2.3x | 1.6x | 2.2x | 2.5x | 1.3x | 5.3x | 3.9x | 7.1x | 13.5x | 1.1x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.7% | 0.4% | β0.4% | 0.4% | 2.1% | 20.2% | 3.8% | 6.2% | 0.5% | 4.0% |
| Stock comp / revenue | β | β | β | 3.8% | 3.7% | 13.9% | 2.1% | 2.5% | 5.4% | 2.2% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 1.0 | 5.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 2.0 | 2.0 |
| Altman Z'' | 7.3 | 0.8 | 5.5 | 2.5 | β2.4 | 7.1 | 6.4 | 7.6 | 8.0 | 0.4 |
| Accruals ratio | 14.0% | 9.6% | β2.2% | 1.1% | β16.3% | β13.5% | 7.6% | 3.0% | β15.9% | 3.5% |
Source: SEC EDGAR XBRL filings (CIK 0001518461). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
