GUEROTCSemiconductors & Related DevicesFiscal year ends December 31
Guerrilla RF, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$4.20+0.05 (+1.17%)
Close on Oct 19, 2026
- Market cap
- $44.73M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
65.3%+1.3 pts over 5 years
Operating margin
-20.5%−1.4 pts over 5 years
Net margin
-30.7%−5.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.0% | +25.1% | +23.0% | – | |
| Gross profit | +15.9% | +30.0% | +23.5% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 84.5% | 46.0% | |
| Return on assets | – | – | -31.4% | |
| Current ratio | – | 1.48 | 1.04 | |
| Debt to equity | – | -1.77 | -0.24 | |
| Net debt to EBITDA | – | -4.01× | -0.04× | |
| Interest coverage | – | – | -4.7× | |
| Inventory turnover | – | – | 4.5× | |
| Capex to revenue | – | 3.8% | 6.1% | |
| Diluted shares | – | – | 10M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Guerrilla RF generated $35.57M from operations and spent $2.80M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$35.57M
Used
$2.80M
Capital expenditure$2.80M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-30.7%
×Asset turnover1.02×
×Equity multiplier-1.46×
=Return on equity, FY202546.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -30.7% | 1.02× | -1.46× | 46.0% |
| FY2024 | -53.5% | 0.92× | -2.31× | 113.1% |
| FY2023 | -105.9% | 0.85× | -8.03× | 719.1% |
| FY2022 | -103.7% | 0.85× | 2.42× | -213.4% |
| FY2021 | -27.1% | 1.44× | 2.52× | -98.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$6.99M
- Cash generatingOperating cash flow above zero-$1.39M
- Return on assets improvedROA up on the prior year-56.6% → -28.0%
- Earnings backed by cashOperating cash flow above net income-$1.39M vs -$6.99M
- Less leverageLong-term debt to assets fell16.0% → 22.0%
- Better liquidityCurrent ratio rose2.01 → 1.04
- No dilutionShare count did not rise10M → 10M
- Gross margin improvedGross margin up on the prior year63.70% → 65.33%
- More efficientAsset turnover rose1.06 → 0.91