Aehr Test Systems Income Statement

Financials in millions USD. Fiscal year is June - May.

Millions USD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 28, 2025	May '25 May 30, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	53.25	58.97	66.22	64.96	50.83	16.6
Revenue Growth (YoY)	4.96%	-10.95%	1.93%	27.80%	206.20%	-25.53%
Cost of Revenue	35.53	35.04	33.68	32.22	27.16	10.57
Gross Profit	17.72	23.93	32.54	32.75	23.67	6.03
Selling, General & Admin	17.74	17.78	13.75	12.24	10.05	6.56
Research & Development	11.65	10.46	8.72	7.13	5.82	3.65
Operating Expenses	29.39	28.25	22.47	19.37	15.87	10.21
Operating Income	-11.67	-4.31	10.08	13.38	7.8	-4.18
Interest Expense	-	-	-	-	-	-0.05
Interest & Investment Income	0.87	1.4	2.39	1.25	0.01	-
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.11
Other Non Operating Income (Expenses)	0.03	-0.02	-0.01	-0	0.03	-0.05
EBT Excluding Unusual Items	-10.77	-2.93	12.46	14.62	7.84	-4.39
Merger & Restructuring Charges	-1.37	-1.36	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	2.19
Other Unusual Items	1	-	-	-	1.7	-
Pretax Income	-11.14	-4.29	12.46	14.62	9.54	-2.2
Income Tax Expense	-2.28	-0.38	-20.7	0.06	0.09	-0.18
Net Income	-8.86	-3.91	33.16	14.56	9.45	-2.03
Net Income to Common	-8.86	-3.91	33.16	14.56	9.45	-2.03
Net Income Growth	-	-	127.77%	54.04%	-	-
Shares Outstanding (Basic)	30	30	29	28	26	23
Shares Outstanding (Diluted)	30	30	30	29	28	23
Shares Change (YoY)	1.55%	-0.12%	1.38%	5.19%	18.40%	2.51%
EPS (Basic)	-0.30	-0.13	1.15	0.52	0.36	-0.09
EPS (Diluted)	-0.30	-0.13	1.12	0.50	0.34	-0.09
EPS Growth	-	-	124.00%	47.06%	-	-
Free Cash Flow	-11.69	-12.39	1.01	8.65	1.09	-2.93
Free Cash Flow Per Share	-0.39	-0.42	0.03	0.30	0.04	-0.13
Gross Margin	33.28%	40.59%	49.15%	50.41%	46.56%	36.34%
Operating Margin	-21.91%	-7.31%	15.22%	20.59%	15.35%	-25.19%
Profit Margin	-16.63%	-6.63%	50.07%	22.41%	18.59%	-12.21%
Free Cash Flow Margin	-21.96%	-21.02%	1.52%	13.31%	2.15%	-17.64%
EBITDA	-8.88	-2	10.74	13.83	8.16	-3.85
EBITDA Margin	-16.67%	-3.39%	16.21%	21.28%	16.05%	-23.22%
D&A For EBITDA	2.79	2.31	0.66	0.45	0.36	0.33
EBIT	-11.67	-4.31	10.08	13.38	7.8	-4.18
EBIT Margin	-21.91%	-7.31%	15.22%	20.59%	15.35%	-25.19%
Effective Tax Rate	-	-	-	0.41%	0.95%	-
Revenue as Reported	-	-	-	-	50.83	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.