Aehr Test Systems financials
$100.78+2.33%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY26 May 29 | FY25 May 30 | FY24 May 31 | FY22 May 31 | FY21 May 31 | FY20 May 31 | FY19 May 31 | FY18 May 31 | FY17 May 31 | FY16 May 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.0M | $59.0M | $66.2M | $50.8M | $16.6M | $22.3M | $21.1M | $29.6M | $18.9M | $14.5M |
| Gross profit | $17.7M | $23.9M | $32.5M | $23.7M | $6.0M | $8.4M | $7.6M | $12.4M | $6.8M | $5.1M |
| Gross margin | 35.3% | 40.6% | 49.1% | 46.6% | 36.3% | 37.6% | 36.1% | 41.9% | 35.9% | 35.5% |
| Operating income | -$14.1M | -$5.7M | $10.1M | $7.8M | -$4.2M | -$2.8M | -$5.0M | $915.0K | -$4.9M | -$6.2M |
| Net income | -$7.1M | -$3.9M | $33.2M | $9.4M | -$2.0M | -$2.8M | -$5.2M | $528.0K | -$5.7M | -$6.8M |
| Net margin | −14.3% | −6.6% | 50.1% | 18.6% | −12.2% | −12.6% | −24.9% | 1.8% | −29.9% | −46.8% |
| Diluted EPS | $-0.23 | $-0.13 | $1.12 | $0.34 | $-0.09 | $-0.12 | $-0.23 | $0.02 | $-0.35 | $-0.52 |
| EBITDA | -$11.3M | -$2.5M | $10.7M | $8.1M | -$3.9M | -$2.2M | -$3.8M | $1.3M | -$4.7M | -$6.0M |
| Operating cash flow | -$3.3M | -$7.4M | $1.8M | $1.5M | -$2.7M | -$2.0M | -$5.6M | -$1.4M | -$4.5M | -$6.3M |
| Free cash flow | -$5.4M | -$12.4M | $1.0M | $1.1M | -$2.9M | -$2.2M | -$5.8M | -$1.9M | -$5.0M | -$7.2M |
| Diluted shares | 30.7M | 29.6M | 29.6M | 27.8M | 23.5M | 22.9M | 22.4M | 22.8M | 16.3M | 13.1M |
Balance sheet
| Period end | May 29 | Nov 28 | May 30 | Nov 29 | Nov 30 | May 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $116.4M | $30.8M | $24.5M | $32.2M | $50.5M | $31.5M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $246.7M | $148.7M | $148.5M | $142.3M | $101.2M | $62.3M |
| Total liabilities | $27.2M | $18.0M | $25.6M | $19.1M | $14.0M | $11.3M |
| Shareholders' equity | $219.5M | $130.8M | $122.9M | $123.2M | $87.2M | $51.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology