What is AmpliTech Group's operating income?

AmpliTech Group's total operating income in 2025 was -$7.32 million, based on the following breakdown: Total Gross Profit: $6.03 million Total Operating Expenses: $13.35 million

AmpliTech Group (AMPG) Financials

$2.61 -0.06 (-2.25%)

Closing price 10/14/2026 04:00 PM Eastern

Extended Trading

$2.56 -0.04 (-1.72%)

As of 08:45 AM Eastern

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Annual Income Statements for AmpliTech Group

This table shows AmpliTech Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.05	0.46	-0.10	0.33	0.01	-1.03	-4.76	-0.68	-2.47	-11	-7.01
Consolidated Net Income / (Loss)	0.05	0.46	-0.10	0.33	0.01	-1.03	-4.76	-0.68	-2.47	-11	-7.01
Net Income / (Loss) Continuing Operations	0.05	0.46	-0.10	0.33	0.01	-1.03	-4.76	-0.68	-2.47	-11	-7.01
Total Pre-Tax Income	0.05	0.46	-0.10	0.33	0.01	-1.03	-4.76	-0.68	-2.44	-11	-6.99
Total Operating Income	0.09	0.47	-0.09	0.34	0.08	-0.92	-5.11	0.15	-2.58	-8.43	-7.32
Total Gross Profit	0.73	1.21	0.73	1.38	1.57	1.25	1.29	8.92	7.28	3.49	6.03
Total Revenue	1.48	2.04	1.38	2.40	3.12	3.46	5.28	19	16	9.51	25
Operating Revenue	1.48	2.04	1.38	2.40	3.12	3.46	5.28	19	16	9.51	25
Total Cost of Revenue	0.75	0.83	0.65	1.02	1.56	2.20	3.98	10	8.31	6.02	19
Operating Cost of Revenue	0.75	0.83	0.65	1.02	1.56	2.20	3.98	10	8.31	6.02	19
Total Operating Expenses	0.65	0.74	0.82	1.04	1.48	2.17	6.40	8.77	9.87	12	13
Selling, General & Admin Expense	0.65	0.74	0.82	1.04	1.48	2.11	4.56	7.63	7.51	7.86	11
Research & Development Expense	-	-	-	-	-	0.06	1.83	1.02	2.34	3.59	2.69
Impairment Charge	-	-	-	-	-	-	0.00	0.12	0.00	0.47	0.00
Total Other Income / (Expense), net	-0.04	-0.02	-0.01	-0.01	-0.08	-0.11	0.35	-0.83	0.15	-2.80	0.33
Interest Expense	0.04	0.02	0.01	-	-	0.11	-0.19	0.01	-0.02	0.29	-0.16
Other Income / (Expense), net	-	-	-	-0.01	-0.08	0.00	0.16	-0.81	0.00	0.74	0.17
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.02	0.01
Basic Earnings per Share	$0.00	$0.01	$0.00	$0.00	$0.00	($0.37)	($0.53)	($0.07)	($0.26)	($1.04)	($0.33)
Weighted Average Basic Shares Outstanding	46.14M	46.14M	46.14M	47.77M	2.43M	2.78M	8.90M	9.61M	9.66M	10.78M	20.99M
Diluted Earnings per Share	$0.00	$0.01	$0.00	$0.00	$0.00	($0.37)	($0.53)	($0.07)	($0.26)	($1.04)	($0.33)
Weighted Average Diluted Shares Outstanding	85.74M	85.74M	46.14M	87.67M	4.50M	2.78M	8.90M	9.61M	9.66M	10.78M	20.99M
Weighted Average Basic & Diluted Shares Outstanding	46.14M	46.14M	46.64M	87.67M	90.00M	6.58M	9.58M	9.64M	9.72M	19.66M	25.33M

This table shows AmpliTech Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Total Costs & Expenses	-	-	-	-	-	-	2.79	-	-	-	5.45
Net Income / (Loss) Attributable to Common Shareholders	-0.52	-4.66	-1.58	-1.19	-3.82	-1.84	-1.77	-0.19	-3.21	-1.52	-3.09
Consolidated Net Income / (Loss)	-0.52	-4.66	-1.58	-1.19	-3.82	-1.84	-1.77	-0.19	-3.21	-1.52	-3.09
Net Income / (Loss) Continuing Operations	-0.52	-4.66	-1.58	-1.19	-3.82	-1.84	-1.77	-0.19	-3.21	-1.52	-3.09
Total Pre-Tax Income	-0.50	-4.66	-1.58	-1.19	-3.81	-1.84	-1.77	-0.19	-3.19	-1.52	-3.09
Total Operating Income	-0.52	-1.43	-1.57	-1.09	-4.35	-1.89	-1.93	-0.22	-3.28	-1.62	-3.20
Total Gross Profit	2.06	0.88	1.06	1.35	0.20	1.19	0.86	2.96	1.02	2.57	2.25
Total Revenue	4.01	2.29	2.53	2.83	1.85	3.60	11	6.09	4.48	5.35	8.07
Operating Revenue	4.01	2.29	2.53	2.83	1.85	3.60	11	6.09	4.48	5.35	8.07
Total Cost of Revenue	1.96	1.41	1.47	1.49	1.66	2.41	10	3.13	3.46	2.78	5.82
Operating Cost of Revenue	1.96	1.41	1.47	1.49	1.66	2.41	10	3.13	3.46	2.78	5.82
Total Operating Expenses	2.59	2.31	2.63	2.44	4.54	3.08	2.79	3.18	4.30	4.19	5.45
Selling, General & Admin Expense	1.71	2.03	2.17	1.86	1.79	2.34	2.13	2.48	3.71	3.68	4.08
Research & Development Expense	0.87	0.28	0.46	0.57	2.28	0.74	0.66	0.70	0.59	0.50	1.37
Total Other Income / (Expense), net	0.05	-3.25	-0.01	0.00	0.46	0.05	0.15	0.03	0.09	0.10	0.11
Interest & Investment Income	-	-	-	-	-	-	0.03	0.00	-	-	0.06
Other Income / (Expense), net	-	-3.25	0.00	0.00	3.99	0.00	0.12	0.00	-	0.04	0.05
Income Tax Expense	0.02	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.01	0.00	0.00
Basic Earnings per Share	($0.06)	($0.48)	($0.16)	($0.12)	($0.28)	($0.09)	($0.08)	($0.01)	($0.14)	($0.06)	($0.12)
Weighted Average Basic Shares Outstanding	9.66M	9.72M	9.72M	10.00M	10.78M	20.32M	21.02M	20.58M	20.99M	24.27M	25.45M
Diluted Earnings per Share	($0.06)	($0.48)	($0.16)	($0.12)	($0.28)	($0.09)	($0.08)	($0.01)	($0.14)	($0.06)	($0.12)
Weighted Average Diluted Shares Outstanding	9.66M	9.72M	9.72M	10.00M	10.78M	20.32M	21.02M	20.58M	20.99M	24.27M	25.45M
Weighted Average Basic & Diluted Shares Outstanding	9.72M	9.72M	9.72M	11.09M	19.66M	20.57M	20.57M	20.64M	25.33M	25.34M	30.04M

This table details how cash moves in and out of AmpliTech Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.03	0.23	-0.17	0.32	0.13	-1.29	18	-4.73	-6.56	13	-7.63
Net Cash From Operating Activities	0.03	0.35	-0.17	0.35	-0.02	-0.52	-2.20	-3.43	-3.47	-5.30	-8.68
Net Cash From Continuing Operating Activities	0.03	0.35	-0.16	0.83	0.34	-1.07	-2.36	-3.43	-3.47	-5.30	-8.68
Net Income / (Loss) Continuing Operations	0.05	0.46	-0.10	0.33	0.01	-1.03	-4.76	-0.68	-2.47	-11	-7.01
Consolidated Net Income / (Loss)	0.05	0.46	-0.10	0.33	0.01	-1.03	-4.76	-0.68	-2.47	-11	-7.01
Depreciation Expense	0.03	0.03	0.03	0.08	0.12	0.16	0.31	0.41	0.53	0.54	1.29
Amortization Expense	-	-	0.00	0.00	0.10	0.14	0.09	0.04	0.00	0.26	0.00
Non-Cash Adjustments To Reconcile Net Income	-0.01	-0.00	0.00	-0.00	0.10	0.13	0.06	1.40	0.27	3.55	-0.68
Changes in Operating Assets and Liabilities, net	-0.04	-0.14	-0.10	-0.05	-0.35	-0.46	1.94	-4.60	-1.80	1.60	-2.29
Net Cash From Investing Activities	-0.00	-0.01	-0.01	-0.01	-0.68	-0.07	-11	-1.08	-0.73	-3.29	-5.76
Net Cash From Continuing Investing Activities	-0.00	-0.01	-0.01	0.01	-0.68	-0.07	10	-1.08	-0.73	-3.29	-5.76
Purchase of Property, Plant & Equipment	-	-0.01	-0.01	-0.01	-0.01	-0.07	-	-0.74	-0.97	-0.04	-1.02
Acquisitions	-0.00	-	-	0.00	-0.67	0.00	9.20	-	-	0.00	-4.74
Purchase of Investments	-	-	-	-	-	0.00	-0.25	-0.34	0.25	-3.25	0.00
Net Cash From Financing Activities	0.00	-0.10	0.01	-0.02	0.83	0.22	31	-0.22	-2.37	21	6.81
Net Cash From Continuing Financing Activities	0.00	-0.10	0.01	-0.02	0.83	-0.15	31	-0.22	-2.37	21	6.81
Repayment of Debt	-0.07	-0.12	-0.02	-0.00	-0.46	-0.39	-1.24	-0.62	-0.19	-1.63	-0.02
Issuance of Debt	0.14	0.02	0.02	0.00	1.33	0.23	0.00	0.44	0.00	1.27	0.00
Issuance of Common Equity	-	-	-	-	-	0.00	30	-	0.00	22	0.00
Other Financing Activities, net	-0.07	-	-	-0.01	-0.03	0.01	1.44	-0.05	-2.18	0.00	6.83
Cash Interest Paid	0.03	0.02	0.01	0.01	0.05	0.11	0.05	0.04	0.03	0.30	0.02
Cash Income Taxes Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01

This table details how cash moves in and out of AmpliTech Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	1.27	-4.35	-1.36	0.06	18	-2.37	-5.88	-2.67	3.30	0.12	-2.80
Net Cash From Operating Activities	-1.70	-1.08	-1.32	-1.73	-1.17	-2.01	-2.25	-1.00	-3.42	-3.14	-5.54
Net Cash From Continuing Operating Activities	-1.70	-1.08	-1.32	-1.73	-1.17	-2.01	-2.25	-1.00	-3.42	-3.14	-5.54
Net Income / (Loss) Continuing Operations	-0.52	-4.66	-1.58	-1.19	-3.82	-1.84	-1.77	-0.19	-3.21	-1.52	-3.09
Consolidated Net Income / (Loss)	-0.52	-4.66	-1.58	-1.19	-3.82	-1.84	-1.77	-0.19	-3.21	-1.52	-3.09
Depreciation Expense	0.17	0.13	0.13	0.13	0.15	0.12	0.26	0.38	0.53	0.53	0.54
Non-Cash Adjustments To Reconcile Net Income	0.14	3.39	0.10	0.23	-0.17	0.18	-0.29	0.81	-1.00	0.17	1.47
Changes in Operating Assets and Liabilities, net	-1.49	0.06	0.03	-0.99	2.50	-0.47	-0.45	-2.00	0.25	-2.32	-4.46
Net Cash From Investing Activities	3.01	-3.25	-0.01	-0.01	-0.02	-0.36	-3.63	-1.68	-0.09	-6.58	2.05
Net Cash From Continuing Investing Activities	3.01	-3.25	-0.01	-0.01	-0.02	-0.36	-3.63	-1.68	-0.09	-6.58	2.05
Purchase of Property, Plant & Equipment	-0.04	-0.00	-0.01	-0.01	-0.02	-0.36	-0.13	-0.44	-0.09	0.00	-0.56
Purchase of Investments	3.06	-3.25	-	-	-	0.00	-	-	-	-6.58	2.61
Net Cash From Financing Activities	-0.04	-0.02	-0.03	1.81	19	-0.00	-0.01	0.01	6.81	9.84	0.69
Net Cash From Continuing Financing Activities	-0.04	-0.02	-0.03	1.81	19	-0.00	-0.01	0.01	6.81	9.84	0.69
Repayment of Debt	-0.07	-0.02	-0.03	-0.25	-1.34	-0.00	-	-	-0.02	-0.00	-0.00
Issuance of Common Equity	-	-	-	-	21	0.00	-	-	-	9.85	0.11
Cash Interest Paid	0.00	0.01	0.01	0.10	0.18	0.01	0.01	0.00	0.00	0.01	-0.00
Cash Income Taxes Paid	-	0.00	-	-	0.01	0.01	0.00	-	0.00	0.00	0.00

This table presents AmpliTech Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	0.48	0.78	0.67	1.41	3.36	2.81	35	37	31	43	51
Total Current Assets	0.38	0.70	0.60	1.22	1.88	1.40	24	22	17	28	25
Cash & Equivalents	0.05	0.28	0.12	0.44	0.57	0.20	18	13	6.73	19	4.98
Short-Term Investments	-	-	-	-	-	-	0.00	0.25	-	-	0.00
Accounts Receivable	0.18	0.15	0.14	0.26	0.62	0.36	1.86	1.80	2.54	1.26	3.35
Inventories, net	0.15	0.27	0.34	0.39	0.56	0.52	4.19	6.63	6.54	7.59	8.91
Prepaid Expenses	0.01	0.00	0.01	0.12	0.12	0.32	0.21	0.19	1.34	0.17	1.12
Other Current Assets	-	-	-	-	-	-	-	-	-	0.00	6.70
Plant, Property, & Equipment, net	0.09	0.07	0.05	0.18	0.20	0.29	1.36	2.02	2.60	2.25	2.89
Total Noncurrent Assets	0.01	0.01	0.01	0.01	1.29	1.13	9.59	12	12	13	24
Long-Term Investments	-	-	-	-	-	-	0.25	0.35	0.35	0.35	0.35
Goodwill	-	-	-	0.00	0.12	0.12	4.82	4.70	4.70	4.70	4.70
Intangible Assets	-	-	-	0.00	0.67	0.63	3.28	3.13	2.98	2.37	13
Other Noncurrent Operating Assets	0.01	0.01	0.01	0.01	0.49	0.37	1.24	4.31	3.63	5.22	5.34
Total Liabilities & Shareholders' Equity	0.48	0.78	0.67	1.41	3.36	2.81	35	37	31	43	51
Total Liabilities	0.34	0.19	0.17	0.49	2.27	2.37	6.19	7.92	4.73	5.73	19
Total Current Liabilities	0.34	0.19	0.17	0.38	0.52	0.65	3.82	4.02	1.50	1.54	15
Short-Term Debt	0.09	0.07	0.08	0.07	0.17	0.21	0.52	0.14	0.08	0.45	0.50
Accounts Payable	0.17	0.09	0.06	0.09	0.15	0.11	3.01	0.86	0.85	0.94	4.65
Customer Deposits	0.08	0.02	0.03	0.19	0.04	0.02	0.25	0.21	0.01	0.13	0.03
Other Current Liabilities	-	-	-	0.03	0.16	0.32	0.03	0.62	0.56	0.02	9.72
Total Noncurrent Liabilities	0.00	0.00	0.00	0.11	1.75	1.72	2.38	3.91	3.23	4.19	3.71
Capital Lease Obligations	-	-	0.00	-	-	-	0.02	0.05	0.03	0.02	0.02
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	0.00	0.02	0.04	0.05
Other Noncurrent Operating Liabilities	-	-	-	0.11	0.42	0.32	0.80	3.77	3.17	4.14	3.64
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.14	0.60	0.50	0.92	1.09	0.44	29	29	27	37	33
Total Preferred & Common Equity	0.14	0.60	0.50	0.92	1.09	0.44	29	29	27	37	33
Total Common Equity	0.14	0.60	0.50	0.92	1.09	0.44	29	29	27	37	33
Common Stock	1.68	1.68	1.68	1.76	1.94	2.31	36	36	36	59	61
Retained Earnings	-1.54	-1.08	-1.18	-0.85	-0.84	-1.87	-6.63	-7.30	-9.77	-21	-28

This table presents AmpliTech Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	27	25	28	42	49	47	60	59
Total Current Assets	13	12	13	27	25	22	33	31
Cash & Equivalents	2.38	1.01	1.08	17	11	8.39	12	8.89
Short-Term Investments	-	-	-	-	-	-	6.62	4.06
Accounts Receivable	1.31	1.14	1.28	2.22	5.37	3.40	3.83	6.25
Inventories, net	7.25	7.53	7.55	7.15	7.86	8.88	9.86	9.56
Prepaid Expenses	1.92	1.96	2.75	0.50	0.75	0.86	1.07	2.35
Other Current Assets	-	-	-	-	-	0.09	0.00	0.14
Plant, Property, & Equipment, net	2.51	2.43	2.35	2.52	2.57	2.91	2.77	3.21
Total Noncurrent Assets	12	11	13	13	21	23	24	24
Long-Term Investments	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35
Goodwill	4.70	4.70	4.70	4.70	4.70	4.70	4.70	4.70
Intangible Assets	2.95	2.91	2.87	2.34	10	14	13	12
Other Noncurrent Operating Assets	3.51	3.38	4.63	5.34	5.60	4.11	6.01	6.70
Total Liabilities & Shareholders' Equity	27	25	28	42	49	47	60	59
Total Liabilities	4.71	4.73	7.17	6.29	13	11	11	12
Total Current Liabilities	1.57	1.65	2.58	2.22	8.86	7.59	7.81	8.32
Short-Term Debt	0.56	0.04	1.30	0.46	0.47	0.49	0.53	0.52
Accounts Payable	0.97	1.16	1.11	1.70	5.35	4.01	3.86	4.41
Customer Deposits	0.03	0.02	0.15	0.04	0.02	0.07	0.42	0.21
Other Current Liabilities	0.02	0.44	0.02	0.02	3.02	3.02	3.00	3.17
Total Noncurrent Liabilities	3.14	3.07	4.59	4.07	3.97	3.83	3.58	3.44
Capital Lease Obligations	0.03	0.02	0.02	0.01	0.03	0.03	0.02	0.01
Noncurrent Deferred & Payable Income Tax Liabilities	0.02	0.02	0.02	0.04	0.04	0.04	0.05	0.05
Other Noncurrent Operating Liabilities	3.09	3.03	4.26	4.02	3.90	3.77	3.51	3.37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	22	21	20	36	36	36	48	47
Total Preferred & Common Equity	22	21	20	36	36	36	48	47
Total Common Equity	22	21	20	36	36	36	48	47
Common Stock	37	37	38	59	60	61	78	79
Retained Earnings	-14	-16	-17	-23	-25	-25	-30	-33

This table displays calculated financial ratios and metrics derived from AmpliTech Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	46,136,326.00	46,136,326.00	46,136,326.00	48,336,326.00	48,536,326.00	51,588,958.00	9,393,671.00	9,632,113.00	9,639,613.00	11,091,601.00	20,638,095.00
DEI Adjusted Shares Outstanding	46,136,326.00	46,136,326.00	46,136,326.00	48,336,326.00	48,536,326.00	51,588,958.00	9,393,671.00	9,632,113.00	9,639,613.00	11,091,601.00	20,638,095.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.01	0.00	0.01	0.00	-0.02	-0.51	-0.07	-0.26	-1.01	-0.34
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.35%	37.15%	-32.20%	73.63%	30.25%	10.74%	52.55%	267.64%	-19.64%	-38.99%	164.99%
EBITDA Growth	128.05%	331.02%	-112.63%	741.15%	-44.38%	-375.76%	-631.67%	95.43%	-885.13%	-236.57%	14.89%
EBIT Growth	115.14%	445.06%	-119.09%	465.16%	-98.19%	-15,507.00%	-440.23%	86.61%	-289.07%	-198.20%	6.92%
NOPAT Growth	274.62%	445.06%	-113.36%	641.37%	-75.98%	-881.93%	-457.39%	102.96%	-1,807.46%	-227.06%	13.17%
Net Income Growth	106.50%	811.66%	-121.27%	439.00%	-98.19%	-17,350.78%	-364.02%	85.77%	-264.11%	-356.00%	37.67%
EPS Growth	100.00%	0.00%	-100.00%	0.00%	0.00%	0.00%	-43.24%	86.79%	-271.43%	-300.00%	68.27%
Operating Cash Flow Growth	155.40%	1,062.95%	-148.12%	311.18%	-105.68%	-2,505.47%	-321.68%	-55.76%	-1.33%	-52.58%	-63.98%
Free Cash Flow Firm Growth	158.53%	865.57%	-151.25%	283.86%	-644.81%	65.80%	-2,694.92%	73.22%	-79.79%	29.77%	-232.74%
Invested Capital Growth	47.78%	111.49%	19.59%	19.03%	268.54%	-8.33%	523.55%	31.72%	30.13%	-7.24%	53.37%
Revenue Q/Q Growth	3.73%	16.38%	-19.16%	25.25%	10.01%	-5.82%	53.15%	8.71%	-1.66%	-18.50%	11.63%
EBITDA Q/Q Growth	17.76%	67.80%	-139.74%	135.24%	-37.63%	-223.83%	-90.69%	90.86%	-2.33%	-74.02%	19.72%
EBIT Q/Q Growth	25.35%	75.28%	-168.32%	188.71%	-97.36%	-81.26%	-95.24%	76.18%	-20.52%	-66.81%	14.64%
NOPAT Q/Q Growth	25.35%	75.28%	-147.82%	199.62%	-63.65%	-127.55%	-101.44%	105.43%	-20.52%	-82.95%	12.67%
Net Income Q/Q Growth	358.42%	84.71%	-178.55%	216.66%	-96.98%	-92.74%	-96.50%	73.98%	12.90%	-41.52%	8.06%
EPS Q/Q Growth	0.00%	0.00%	-100.00%	0.00%	0.00%	-60.87%	-29.27%	0.00%	0.00%	-26.83%	35.29%
Operating Cash Flow Q/Q Growth	189.14%	47.80%	-250.94%	1,009.78%	-108.20%	3.33%	12.80%	-7.26%	-106.29%	9.22%	-35.12%
Free Cash Flow Firm Q/Q Growth	-37.68%	86.93%	-265.78%	190.35%	-38.69%	-193.93%	-244.96%	74.86%	-143.84%	81.20%	-15.45%
Invested Capital Q/Q Growth	22.81%	40.70%	42.85%	-23.77%	3.73%	1.39%	196.37%	-5.45%	0.00%	-11.07%	1.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.37%	59.36%	52.75%	57.61%	50.15%	36.27%	24.50%	46.02%	46.68%	36.65%	23.93%
EBITDA Margin	7.82%	24.59%	-4.58%	16.91%	7.22%	-17.98%	-86.24%	-1.07%	-13.13%	-72.44%	-23.27%
Operating Margin	5.83%	23.17%	-6.53%	14.24%	2.63%	-26.49%	-96.78%	0.78%	-16.54%	-88.66%	-29.05%
EBIT Margin	5.83%	23.17%	-6.53%	13.72%	0.19%	-26.49%	-93.80%	-3.42%	-16.54%	-80.84%	-28.40%
Profit (Net Income) Margin	3.37%	22.41%	-7.03%	13.72%	0.19%	-29.66%	-90.21%	-3.49%	-15.82%	-118.24%	-27.81%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.98%	100.13%	100.19%
Interest Burden Percent	57.81%	96.69%	107.72%	100.00%	100.00%	111.97%	96.17%	102.21%	94.72%	146.07%	97.76%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	56.93%	167.03%	-14.97%	67.95%	6.41%	-33.24%	-53.54%	0.79%	-10.35%	-31.05%	-22.11%
ROIC Less NNEP Spread (ROIC-NNEP)	-44.59%	185.05%	11.65%	74.00%	-21.26%	-66.33%	-38.85%	5.82%	-3.92%	9.79%	-6.42%
Return on Net Nonoperating Assets (RNNOA)	-13.82%	-43.46%	-2.71%	-21.47%	-5.82%	-100.47%	21.25%	-3.14%	1.45%	-3.99%	2.19%
Return on Equity (ROE)	43.11%	123.57%	-17.68%	46.48%	0.59%	-133.71%	-32.29%	-2.34%	-8.89%	-35.04%	-19.92%
Cash Return on Invested Capital (CROIC)	18.36%	95.45%	-32.81%	50.58%	-108.22%	-24.55%	-198.26%	-26.58%	-36.54%	-23.54%	-64.24%
Operating Return on Assets (OROA)	18.73%	74.75%	-12.44%	31.74%	0.25%	-29.68%	-26.02%	-1.84%	-7.57%	-20.60%	-15.11%
Return on Assets (ROA)	10.83%	72.28%	-13.40%	31.74%	0.25%	-33.23%	-25.02%	-1.88%	-7.24%	-30.13%	-14.80%
Return on Common Equity (ROCE)	43.11%	123.57%	-17.68%	46.48%	0.59%	-133.71%	-32.29%	-2.34%	-8.89%	-35.04%	-19.92%
Return on Equity Simple (ROE_SIMPLE)	35.47%	76.38%	-19.40%	35.94%	0.54%	-232.93%	-16.39%	-2.35%	-9.24%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.09	0.47	-0.06	0.34	0.08	-0.64	-3.57	0.11	-1.80	-5.90	-5.12
NOPAT Margin	5.83%	23.17%	-4.57%	14.24%	2.63%	-18.54%	-67.74%	0.54%	-11.58%	-62.06%	-20.34%
Net Nonoperating Expense Percent (NNEP)	101.52%	-18.02%	-26.62%	-6.05%	27.67%	33.09%	-14.70%	-5.03%	-6.43%	-40.84%	-15.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-6.73%	-15.55%	-15.35%
Cost of Revenue to Revenue	50.63%	40.64%	47.25%	42.39%	49.85%	63.73%	75.50%	53.98%	53.32%	63.35%	76.07%
SG&A Expenses to Revenue	43.54%	36.19%	59.27%	43.37%	47.52%	60.97%	86.53%	39.34%	48.20%	82.63%	42.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	1.79%	34.75%	5.28%	15.03%	37.76%	10.67%
Operating Expenses to Revenue	43.54%	36.19%	59.27%	43.37%	47.52%	62.76%	121.28%	45.24%	63.33%	125.31%	52.98%
Earnings before Interest and Taxes (EBIT)	0.09	0.47	-0.09	0.33	0.01	-0.92	-4.95	-0.66	-2.58	-7.69	-7.15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.12	0.50	-0.06	0.41	0.23	-0.62	-4.55	-0.21	-2.05	-6.89	-5.86
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.00	1.65	1.97	2.23	3.01	3.87	1.27	0.71	0.68	1.52	1.88
Price to Tangible Book Value (P/TBV)	7.00	1.65	1.97	2.23	10.97	0.00	1.77	0.98	0.95	1.87	4.11
Price to Revenue (P/Rev)	0.67	0.48	0.72	0.85	1.05	0.49	7.02	1.05	1.16	6.00	2.45
Price to Earnings (P/E)	19.73	2.16	0.00	6.19	553.53	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.07%	46.21%	0.00%	16.15%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.66	2.02	2.06	3.05	2.09	1.69	1.69	0.45	0.57	2.07	2.03
Enterprise Value to Revenue (EV/Rev)	0.69	0.38	0.69	0.70	1.35	0.90	3.69	0.35	0.72	3.98	2.26
Enterprise Value to EBITDA (EV/EBITDA)	8.84	1.54	0.00	4.11	18.67	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	11.87	1.64	0.00	5.07	708.11	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.87	1.64	0.00	4.89	51.34	0.00	0.00	64.52	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	34.47	2.23	0.00	4.74	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	36.79	2.87	0.00	6.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.12	0.15	0.08	1.37	3.64	0.03	0.01	0.00	0.01	0.02
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	1.21	3.18	0.01	0.00	0.00	0.00	0.00
Financial Leverage	0.31	-0.23	-0.23	-0.29	0.27	1.51	-0.55	-0.54	-0.37	-0.41	-0.34
Leverage Ratio	3.98	1.71	1.32	1.46	2.37	4.02	1.29	1.24	1.23	1.16	1.35
Compound Leverage Factor	2.30	1.65	1.42	1.46	2.37	4.51	1.24	1.27	1.16	1.70	1.32
Debt to Total Capital	38.76%	10.48%	13.25%	7.38%	57.73%	78.46%	2.48%	0.98%	0.42%	1.23%	1.56%
Short-Term Debt to Total Capital	38.76%	10.48%	13.25%	7.38%	6.56%	10.06%	1.75%	0.50%	0.30%	1.18%	1.50%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	51.17%	68.41%	0.73%	0.48%	0.12%	0.04%	0.06%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.24%	89.52%	86.75%	92.62%	42.27%	21.54%	97.52%	99.02%	99.58%	98.77%	98.44%
Debt to EBITDA	0.77	0.14	-1.21	0.18	6.62	-2.58	-0.16	-1.36	-0.06	-0.07	-0.09
Net Debt to EBITDA	0.35	-0.43	0.66	-0.91	4.08	-2.26	3.85	65.48	3.40	2.79	0.82
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	5.87	-2.25	-0.05	-0.67	-0.02	0.00	0.00
Debt to NOPAT	1.03	0.15	-1.21	0.21	18.22	-2.50	-0.21	2.68	-0.06	-0.08	-0.10
Net Debt to NOPAT	0.47	-0.45	0.66	-1.08	11.21	-2.19	4.91	-128.73	3.86	3.25	0.94
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	16.15	-2.18	-0.06	1.31	-0.02	0.00	0.00
Altman Z-Score	1.07	6.65	3.53	4.83	1.94	-0.03	3.71	2.33	2.69	5.67	1.49
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.13	3.78	3.66	3.21	3.60	2.13	6.36	5.52	11.44	18.45	1.68
Quick Ratio	0.66	2.32	1.55	1.86	2.29	0.85	5.21	3.82	6.18	13.40	0.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.03	0.27	-0.14	0.25	-1.38	-0.47	-13	-3.54	-6.37	-4.47	-15
Operating Cash Flow to CapEx	0.00%	2,418.30%	-3,106.07%	3,328.63%	-158.18%	-728.14%	0.00%	-465.54%	-356.59%	-12,338.57%	-854.94%
Free Cash Flow to Firm to Interest Expense	0.76	17.26	-19.88	0.00	0.00	-4.32	0.00	-272.28	0.00	-15.31	0.00
Operating Cash Flow to Interest Expense	0.82	22.18	-23.99	0.00	0.00	-4.76	0.00	-263.22	0.00	-18.12	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.82	21.26	-24.77	0.00	0.00	-5.41	0.00	-319.76	0.00	-18.27	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.21	3.23	1.91	2.31	1.31	1.12	0.28	0.54	0.46	0.25	0.53
Accounts Receivable Turnover	9.60	12.64	9.73	12.00	7.09	7.08	4.76	10.59	7.17	5.01	10.94
Inventory Turnover	4.85	4.01	2.17	2.80	3.28	4.10	1.69	1.93	1.26	0.85	2.32
Fixed Asset Turnover	14.58	25.28	22.08	20.62	16.48	14.19	6.42	11.48	6.74	3.92	9.81
Accounts Payable Turnover	5.53	6.25	8.70	14.19	12.94	16.44	2.55	5.42	9.74	6.74	6.85
Days Sales Outstanding (DSO)	38.01	28.87	37.50	30.41	51.50	51.52	76.74	34.47	50.88	72.92	33.37
Days Inventory Outstanding (DIO)	75.19	91.02	168.56	130.53	111.25	89.02	215.83	188.69	289.26	428.02	157.09
Days Payable Outstanding (DPO)	65.97	58.39	41.95	25.73	28.21	22.20	142.96	67.40	37.48	54.16	53.27
Cash Conversion Cycle (CCC)	47.23	61.49	164.11	135.21	134.54	118.35	149.61	155.76	302.65	446.78	137.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.18	0.38	0.46	0.55	2.01	1.84	12	15	20	18	28
Invested Capital Turnover	9.76	7.21	3.28	4.77	2.44	1.79	0.79	1.46	0.89	0.50	1.09
Increase / (Decrease) in Invested Capital	0.06	0.20	0.08	0.09	1.47	-0.17	9.66	3.65	4.57	-1.43	9.76
Enterprise Value (EV)	1.03	0.77	0.95	1.67	4.21	3.11	19	6.82	11	38	57
Market Capitalization	0.99	0.99	0.99	2.04	3.29	1.71	37	20	18	57	62
Book Value per Share	$0.00	$0.01	$0.01	$0.02	$0.02	$0.01	$3.09	$2.99	$2.77	$3.38	$1.59
Tangible Book Value per Share	$0.00	$0.01	$0.01	$0.02	$0.01	($0.01)	$2.23	$2.17	$1.97	$2.74	$0.73
Total Capital	0.23	0.67	0.58	0.99	2.59	2.04	30	29	27	38	33
Total Debt	0.09	0.07	0.08	0.07	1.49	1.60	0.74	0.28	0.11	0.47	0.52
Total Long-Term Debt	0.00	0.00	0.00	0.00	1.32	1.40	0.22	0.14	0.03	0.02	0.02
Net Debt	0.04	-0.21	-0.04	-0.37	0.92	1.40	-18	-14	-6.96	-19	-4.81
Capital Expenditures (CapEx)	0.00	0.01	0.01	0.01	0.01	0.07	-1.06	0.74	0.97	0.04	1.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.09	0.30	0.40	0.47	0.95	0.75	2.97	4.76	9.00	7.93	5.68
Debt-free Net Working Capital (DFNWC)	0.13	0.59	0.52	0.91	1.52	0.95	21	18	16	27	11
Net Working Capital (NWC)	0.04	0.52	0.44	0.84	1.35	0.74	20	18	16	27	10
Net Nonoperating Expense (NNE)	0.04	0.02	0.03	0.01	0.08	0.38	1.19	0.78	0.66	5.34	1.88
Net Nonoperating Obligations (NNO)	0.04	-0.21	-0.04	-0.37	0.92	1.40	-18	-14	-6.96	-19	-4.81
Total Depreciation and Amortization (D&A)	0.03	0.03	0.03	0.08	0.22	0.29	0.40	0.45	0.53	0.80	1.29
Debt-free, Cash-free Net Working Capital to Revenue	5.74%	14.81%	28.84%	19.50%	30.41%	21.62%	56.30%	24.53%	57.78%	83.39%	22.53%
Debt-free Net Working Capital to Revenue	9.04%	28.74%	37.39%	37.94%	48.82%	27.39%	397.86%	94.33%	100.93%	286.54%	42.30%
Net Working Capital to Revenue	3.02%	25.31%	31.85%	34.90%	43.39%	21.45%	387.98%	93.58%	100.42%	281.81%	40.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.01	$0.00	$0.00	$0.00	($0.37)	($0.53)	($0.07)	($0.26)	($1.08)	($0.33)
Adjusted Weighted Average Basic Shares Outstanding	46.14M	46.14M	46.14M	47.77M	48.59M	2.78M	8.90M	9.61M	9.66M	10.43M	20.99M
Adjusted Diluted Earnings per Share	$0.00	$0.01	$0.00	$0.00	$0.00	($0.37)	($0.53)	($0.07)	($0.26)	($1.08)	($0.33)
Adjusted Weighted Average Diluted Shares Outstanding	85.74M	85.74M	46.14M	87.67M	49.09M	2.78M	8.90M	9.61M	9.66M	10.43M	20.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.01	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.14M	46.14M	46.64M	48.34M	90.00M	6.58M	9.58M	9.64M	9.72M	19.66M	25.33M
Normalized Net Operating Profit after Tax (NOPAT)	0.06	0.33	-0.06	0.24	0.06	-0.64	-3.57	0.19	-1.79	-5.57	-5.12
Normalized NOPAT Margin	4.08%	16.22%	-4.57%	9.97%	1.84%	-18.54%	-67.74%	0.98%	-11.50%	-58.62%	-20.34%
Pre Tax Income Margin	3.37%	22.41%	-7.03%	13.72%	0.19%	-29.66%	-90.21%	-3.49%	-15.67%	-118.08%	-27.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.37	30.20	-12.96	0.00	0.00	-8.36	0.00	-50.91	0.00	-26.31	0.00
NOPAT to Interest Expense	2.37	30.20	-9.07	0.00	0.00	-5.85	0.00	8.12	0.00	-20.20	0.00
EBIT Less CapEx to Interest Expense	2.37	29.28	-13.73	0.00	0.00	-9.01	0.00	-107.45	0.00	-26.45	0.00
NOPAT Less CapEx to Interest Expense	2.37	29.28	-9.84	0.00	0.00	-6.50	0.00	-48.42	0.00	-20.34	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from AmpliTech Group's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	9,639,613.00	9,717,113.00	9,717,113.00	9,719,613.00	11,091,601.00	19,658,960.00	20,573,595.00	20,573,595.00	20,638,095.00	25,331,299.00	25,338,799.00
DEI Adjusted Shares Outstanding	9,639,613.00	9,717,113.00	9,717,113.00	9,719,613.00	11,091,601.00	19,658,960.00	20,573,595.00	20,573,595.00	20,638,095.00	25,331,299.00	25,338,799.00
DEI Earnings Per Adjusted Shares Outstanding	-0.05	-0.48	-0.16	-0.12	-0.34	-0.09	-0.09	-0.01	-0.16	-0.06	-0.12
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.16%	-44.23%	-37.95%	-16.32%	-53.81%	56.94%	336.25%	114.99%	141.60%	48.63%	-26.81%
EBITDA Growth	68.59%	-835.50%	-266.63%	-26.39%	90.88%	61.12%	-7.36%	116.68%	-8,487.53%	40.68%	-68.67%
EBIT Growth	41.74%	-678.73%	-208.61%	-22.65%	32.57%	59.59%	-14.84%	79.68%	-831.02%	16.34%	-74.74%
NOPAT Growth	-521.62%	-130.63%	-208.61%	-17.42%	-730.73%	-32.37%	-22.76%	79.68%	24.43%	14.33%	-66.02%
Net Income Growth	41.11%	-699.90%	-233.42%	-34.02%	-630.64%	60.46%	-12.39%	84.17%	16.08%	17.32%	-74.33%
EPS Growth	0.00%	-700.00%	-220.00%	-33.33%	-366.67%	81.25%	43.75%	91.67%	50.00%	33.33%	-50.00%
Operating Cash Flow Growth	-2,139.87%	-65.04%	-118.34%	-240.22%	31.56%	-86.56%	-70.60%	42.31%	-193.45%	-56.34%	-145.97%
Free Cash Flow Firm Growth	-33.02%	13.73%	54.24%	-238.71%	67.27%	92.75%	-302.58%	66.33%	-647.00%	-4,735.37%	-64.59%
Invested Capital Growth	30.13%	14.35%	3.25%	0.00%	-7.24%	-5.34%	28.53%	34.16%	53.37%	58.96%	36.45%
Revenue Q/Q Growth	18.44%	-42.84%	10.21%	12.15%	-34.62%	94.22%	206.35%	-44.73%	-26.53%	19.49%	50.86%
EBITDA Q/Q Growth	53.68%	-1,194.42%	68.36%	33.37%	96.66%	-5,420.21%	12.63%	110.35%	-1,820.52%	61.87%	-148.42%
EBIT Q/Q Growth	41.08%	-794.10%	66.47%	30.57%	67.61%	-435.89%	4.72%	87.71%	-1,384.17%	51.85%	-99.02%
NOPAT Q/Q Growth	43.59%	-172.98%	-9.82%	30.57%	-299.11%	56.50%	-1.85%	88.51%	-1,384.06%	50.69%	-97.39%
Net Income Q/Q Growth	41.08%	-790.08%	66.14%	24.53%	-221.20%	51.84%	3.74%	89.37%	-1,602.28%	52.55%	-102.96%
EPS Q/Q Growth	33.33%	-700.00%	66.67%	25.00%	-133.33%	67.86%	0.00%	88.89%	-1,300.00%	57.14%	-100.00%
Operating Cash Flow Q/Q Growth	-234.80%	36.83%	-22.54%	-31.28%	32.65%	-72.17%	-12.06%	55.61%	-242.63%	8.27%	-76.31%
Free Cash Flow Firm Q/Q Growth	-132.07%	28.78%	51.37%	-1,148.80%	92.43%	84.23%	-2,601.17%	-4.44%	-67.93%	-2.06%	8.06%
Invested Capital Q/Q Growth	0.00%	1.55%	-3.21%	6.12%	-11.07%	3.64%	31.41%	10.78%	1.66%	7.41%	12.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.23%	38.49%	41.82%	47.55%	10.66%	33.00%	7.83%	48.57%	22.77%	47.98%	27.93%
EBITDA Margin	-8.76%	-198.30%	-56.93%	-33.82%	-1.73%	-49.12%	-14.01%	2.62%	-61.43%	-19.61%	-32.28%
Operating Margin	-13.04%	-62.26%	-62.04%	-38.41%	-234.49%	-52.51%	-17.46%	-3.63%	-73.34%	-30.27%	-39.60%
EBIT Margin	-13.04%	-203.93%	-62.04%	-38.41%	-19.03%	-52.51%	-16.33%	-3.63%	-73.34%	-29.56%	-38.99%
Profit (Net Income) Margin	-13.04%	-202.99%	-62.37%	-41.97%	-206.21%	-51.14%	-16.07%	-3.09%	-71.62%	-28.45%	-38.27%
Tax Burden Percent	104.81%	100.00%	100.00%	100.00%	100.39%	100.00%	100.00%	100.00%	100.41%	100.00%	100.00%
Interest Burden Percent	95.40%	99.54%	100.52%	109.27%	1,079.22%	97.38%	98.38%	85.14%	97.26%	96.24%	98.15%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-8.16%	-31.97%	-27.82%	-30.50%	-82.12%	-20.40%	-10.66%	-2.38%	-55.82%	-23.26%	-22.58%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.63%	24.86%	-18.58%	-476.62%	-76.16%	-14.94%	-3.71%	-1.55%	-48.26%	-21.04%	-15.39%
Return on Net Nonoperating Assets (RNNOA)	2.46%	-6.35%	3.97%	-4.48%	31.05%	4.89%	0.80%	0.22%	16.47%	8.77%	4.41%
Return on Equity (ROE)	-5.70%	-38.31%	-23.85%	-34.99%	-51.07%	-15.51%	-9.86%	-2.16%	-39.35%	-14.49%	-18.17%
Cash Return on Invested Capital (CROIC)	-36.54%	-26.02%	-19.52%	-231.36%	-23.54%	-26.45%	-54.20%	-53.54%	-64.24%	-65.64%	-50.61%
Operating Return on Assets (OROA)	-5.97%	-92.30%	-25.39%	-16.27%	-4.85%	-16.48%	-8.52%	-2.19%	-39.03%	-15.65%	-17.46%
Return on Assets (ROA)	-5.97%	-91.87%	-25.53%	-17.78%	-52.55%	-16.05%	-8.38%	-1.87%	-38.11%	-15.06%	-17.14%
Return on Common Equity (ROCE)	-5.70%	-38.31%	-23.85%	-34.99%	-51.07%	-15.51%	-9.86%	-2.16%	-39.35%	-14.49%	-18.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-29.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.37	-1.00	-1.10	-0.76	-3.04	-1.32	-1.35	-0.15	-2.30	-1.13	-2.24
NOPAT Margin	-9.13%	-43.58%	-43.43%	-26.89%	-164.14%	-36.76%	-12.22%	-2.54%	-51.34%	-21.19%	-27.72%
Net Nonoperating Expense Percent (NNEP)	-1.53%	-56.83%	-9.24%	446.11%	-5.96%	-5.46%	-6.95%	-0.83%	-7.57%	-2.22%	-7.20%
Return On Investment Capital (ROIC_SIMPLE)	-1.37%	-4.39%	-5.29%	-3.47%	-8.01%	-3.65%	-3.71%	-0.43%	-6.89%	-2.32%	-4.73%
Cost of Revenue to Revenue	48.77%	61.51%	58.18%	52.45%	89.34%	67.00%	92.17%	51.43%	77.23%	52.02%	72.07%
SG&A Expenses to Revenue	42.59%	88.68%	85.66%	65.77%	96.78%	64.97%	19.31%	40.72%	82.95%	68.85%	50.50%
R&D to Revenue	21.68%	12.07%	18.21%	20.19%	123.11%	20.55%	5.98%	11.48%	13.16%	9.40%	17.03%
Operating Expenses to Revenue	64.67%	100.75%	103.87%	85.96%	245.14%	85.52%	25.29%	52.20%	96.12%	78.25%	67.53%
Earnings before Interest and Taxes (EBIT)	-0.52	-4.68	-1.57	-1.09	-0.35	-1.89	-1.80	-0.22	-3.28	-1.58	-3.15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.35	-4.55	-1.44	-0.96	-0.03	-1.77	-1.54	0.16	-2.75	-1.05	-2.61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.68	0.80	0.49	0.37	1.52	0.85	1.22	2.23	1.88	1.00	3.77
Price to Tangible Book Value (P/TBV)	0.95	1.23	0.78	0.59	1.87	1.06	2.11	4.56	4.11	1.56	5.93
Price to Revenue (P/Rev)	1.16	1.30	0.84	0.65	6.00	2.82	2.26	3.55	2.45	1.79	7.35
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.57	0.78	0.46	0.38	2.07	0.72	1.31	2.60	2.03	0.99	4.81
Enterprise Value to Revenue (EV/Rev)	0.72	1.14	0.73	0.67	3.98	1.26	1.69	3.18	2.26	1.11	6.82
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.03	0.00	0.08	0.01	0.01	0.01	0.01	0.02	0.01	0.01
Long-Term Debt to Equity	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.37	-0.26	-0.21	0.01	-0.41	-0.33	-0.22	-0.14	-0.34	-0.42	-0.29
Leverage Ratio	1.23	1.21	1.23	1.35	1.16	1.19	1.31	1.33	1.35	1.21	1.30
Compound Leverage Factor	1.17	1.20	1.24	1.48	12.55	1.16	1.29	1.13	1.31	1.16	1.27
Debt to Total Capital	0.42%	2.58%	0.29%	7.35%	1.23%	1.30%	1.39%	1.41%	1.56%	1.12%	1.14%
Short-Term Debt to Total Capital	0.30%	2.46%	0.18%	5.92%	1.18%	1.27%	1.30%	1.34%	1.50%	1.08%	1.11%
Long-Term Debt to Total Capital	0.12%	0.12%	0.11%	1.43%	0.04%	0.03%	0.09%	0.07%	0.06%	0.03%	0.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.58%	97.42%	99.71%	92.65%	98.77%	98.70%	98.61%	98.59%	98.44%	98.88%	98.86%
Debt to EBITDA	-0.06	-0.10	-0.02	-0.41	-0.07	-0.11	-0.06	-0.07	-0.09	-0.11	-0.09
Net Debt to EBITDA	3.40	0.35	0.34	-0.05	2.79	3.85	1.27	1.13	0.82	3.54	2.06
Long-Term Debt to EBITDA	-0.02	0.00	-0.01	-0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.06	-0.25	-0.02	-0.50	-0.08	-0.08	-0.08	-0.09	-0.10	-0.11	-0.09
Net Debt to NOPAT	3.86	0.90	0.42	-0.06	3.25	2.70	1.68	1.40	0.94	3.69	2.19
Long-Term Debt to NOPAT	-0.02	-0.01	-0.01	-0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.90	1.96	1.16	0.49	6.23	2.96	2.00	4.29	1.74	2.72	8.92
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	11.44	8.20	7.04	4.91	18.45	12.10	2.82	2.85	1.68	4.25	3.76
Quick Ratio	6.18	2.35	1.30	0.91	13.40	8.65	1.85	1.55	0.56	2.85	2.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.93	-3.51	-1.71	-21	-1.61	-0.25	-6.88	-7.18	-12	-12	-11
Operating Cash Flow to CapEx	-4,092.47%	-68,372.32%	-10,901.30%	-13,586.41%	-7,076.51%	-556.43%	-1,780.42%	-225.77%	-4,000.98%	0.00%	-993.68%
Free Cash Flow to Firm to Interest Expense	-4,679.43	-808.82	-208.71	-211.31	-9.03	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-1,617.46	-247.95	-161.24	-17.16	-6.53	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1,656.98	-248.32	-162.72	-17.29	-6.62	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.45	0.41	0.42	0.25	0.31	0.52	0.60	0.53	0.53	0.45
Accounts Receivable Turnover	7.17	8.69	6.73	9.14	5.01	6.12	5.94	9.65	10.94	8.91	4.13
Inventory Turnover	1.26	1.07	0.93	0.84	0.85	0.98	2.04	2.11	2.32	2.30	1.74
Fixed Asset Turnover	6.74	6.11	4.82	4.97	3.92	4.30	7.73	8.58	9.81	10.18	8.30
Accounts Payable Turnover	9.74	7.24	4.18	5.69	6.74	5.26	4.82	6.78	6.85	7.03	3.11
Days Sales Outstanding (DSO)	50.88	41.99	54.23	39.92	72.92	59.62	61.47	37.81	33.37	40.97	88.39
Days Inventory Outstanding (DIO)	289.26	339.62	390.74	435.63	428.02	373.94	178.70	172.62	157.09	158.87	209.18
Days Payable Outstanding (DPO)	37.48	50.45	87.27	64.14	54.16	69.37	75.66	53.87	53.27	51.94	117.23
Cash Conversion Cycle (CCC)	302.65	331.16	357.69	411.41	446.78	364.20	164.51	156.56	137.18	147.90	180.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20	20	19	21	18	19	25	28	28	30	34
Invested Capital Turnover	0.89	0.73	0.64	1.13	0.50	0.55	0.87	0.94	1.09	1.10	0.81
Increase / (Decrease) in Invested Capital	4.57	2.51	0.61	21	-1.43	-1.07	5.53	7.03	9.76	11	9.08
Enterprise Value (EV)	11	16	8.90	7.77	38	14	33	72	57	30	164
Market Capitalization	18	18	10	7.58	57	30	44	80	62	48	176
Book Value per Share	$2.77	$2.30	$2.13	$2.10	$3.38	$3.23	$1.74	$1.74	$1.59	$1.91	$1.85
Tangible Book Value per Share	$1.97	$1.51	$1.35	$1.32	$2.74	$2.59	$1.01	$0.85	$0.73	$1.22	$1.17
Total Capital	27	23	21	22	38	36	36	36	33	49	47
Total Debt	0.11	0.59	0.06	1.62	0.47	0.47	0.50	0.51	0.52	0.55	0.54
Total Long-Term Debt	0.03	0.03	0.02	0.31	0.02	0.01	0.03	0.03	0.02	0.02	0.01
Net Debt	-6.96	-2.14	-1.30	0.19	-19	-17	-11	-8.22	-4.81	-18	-13
Capital Expenditures (CapEx)	0.04	0.00	0.01	0.01	0.02	0.36	0.13	0.44	0.09	0.00	0.56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9.00	9.47	9.02	10	7.93	8.12	5.58	6.12	5.68	7.49	11
Debt-free Net Working Capital (DFNWC)	16	12	10	11	27	25	17	15	11	26	23
Net Working Capital (NWC)	16	11	10.00	10	27	25	16	14	10	25	23
Net Nonoperating Expense (NNE)	0.16	3.66	0.48	0.43	0.78	0.52	0.42	0.03	0.91	0.39	0.85
Net Nonoperating Obligations (NNO)	-6.96	-2.14	-1.30	0.19	-19	-17	-11	-8.22	-4.81	-18	-13
Total Depreciation and Amortization (D&A)	0.17	0.13	0.13	0.13	0.32	0.12	0.26	0.38	0.53	0.53	0.54
Debt-free, Cash-free Net Working Capital to Revenue	57.78%	68.79%	73.80%	88.26%	83.39%	75.06%	28.89%	27.10%	22.53%	27.78%	43.78%
Debt-free Net Working Capital to Revenue	100.93%	86.06%	82.10%	97.49%	286.54%	231.73%	86.14%	64.26%	42.30%	96.16%	97.77%
Net Working Capital to Revenue	100.42%	82.00%	81.80%	86.33%	281.81%	227.48%	83.70%	62.10%	40.31%	94.19%	95.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	($0.48)	($0.16)	($0.12)	($0.28)	($0.09)	($0.09)	($0.01)	($0.14)	($0.06)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	9.66M	9.72M	9.72M	10.00M	10.78M	19.66M	20.34M	20.58M	20.99M	24.27M	25.45M
Adjusted Diluted Earnings per Share	($0.06)	($0.48)	($0.16)	($0.12)	($0.28)	($0.09)	($0.09)	($0.01)	($0.14)	($0.06)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	9.66M	9.72M	9.72M	10.00M	10.78M	19.66M	20.34M	20.58M	20.99M	24.27M	25.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.72M	9.72M	9.72M	11.09M	19.66M	20.57M	20.57M	20.64M	25.33M	25.34M	30.04M
Normalized Net Operating Profit after Tax (NOPAT)	-0.37	-1.00	-1.10	-0.76	-3.04	-1.32	-1.35	-0.15	-2.30	-1.13	-2.24
Normalized NOPAT Margin	-9.13%	-43.58%	-43.43%	-26.89%	-164.14%	-36.76%	-12.22%	-2.54%	-51.34%	-21.19%	-27.72%
Pre Tax Income Margin	-12.44%	-202.99%	-62.37%	-41.97%	-205.40%	-51.14%	-16.07%	-3.09%	-71.33%	-28.45%	-38.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-496.27	-1,076.86	-191.60	-10.79	-1.97	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-347.39	-230.14	-134.12	-7.55	-17.02	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-535.80	-1,077.22	-193.08	-10.91	-2.07	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-386.91	-230.51	-135.60	-7.68	-17.11	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

AmpliTech Group’s Q2 2026 results show higher sequential revenue and improved gross margin, but the company remains unprofitable and cash-flow negative. Revenue increased to $8.1 million from $5.3 million in Q1 2026, a 51% sequential gain. However, revenue was below the restated $11.0 million reported in Q2 2025. Gross profit was $2.3 million, representing a 27.9% gross margin, down from 47.9% in Q1 2026 but substantially above the 7.8% margin in Q2 2025.

The company’s operating expense base remains large relative to gross profit. Selling, general and administrative expense rose to $4.1 million in Q2 2026, while research and development expense increased to $1.4 million. As a result, AmpliTech reported an operating loss of $3.2 million and a net loss of $3.1 million, or $0.12 per diluted share.

Liquidity is stronger than it was in 2024, although it deteriorated during the first half of 2026. Cash and equivalents fell from $16.9 million in Q1 2025 to $8.9 million in Q2 2026, while short-term investments totaled $4.1 million. The company had approximately $31.2 million of current assets versus $8.3 million of current liabilities, implying a current ratio of roughly 3.8. Total liabilities of $11.8 million remained modest compared with $46.8 million of equity.

Revenue is scaling from prior-year levels. Quarterly revenue increased from $2.5 million in Q2 2024 and $2.8 million in Q3 2024 to $8.1 million in Q2 2026, despite falling below the unusually strong Q2 2025 result.
Q2 2026 revenue improved sharply on a sequential basis. Revenue rose 51% from Q1 2026, indicating stronger near-term sales momentum.
Gross margin has improved substantially compared with Q2 2025. The margin rose to 27.9% from 7.8%, suggesting better product mix, pricing, or production economics year over year.
The balance sheet maintains a sizable liquidity cushion. Cash, short-term investments and long-term investments totaled approximately $17.3 million at June 30, 2026, while current assets significantly exceeded current liabilities.
Debt levels are relatively low. Short-term debt was $0.5 million, capital lease obligations were negligible, and total liabilities represented about 20% of total assets.
Investment activity is affecting reported cash flows. The company purchased approximately $2.6 million of investments in Q2 2026 after purchasing $6.6 million in Q1; these transactions may shift cash between operating liquidity and investment assets rather than represent permanent cash consumption.
Asset growth includes significant goodwill and intangible assets. Goodwill and intangible assets totaled approximately $17.0 million, or nearly 29% of total assets, making future impairments a consideration for investors.
AmpliTech continues to generate substantial operating losses. The company has reported net losses in each provided quarter, including losses of $1.5 million in Q1 2026 and $3.1 million in Q2 2026.
Operating cash flow remains deeply negative. Cash used in operating activities increased to $5.5 million in Q2 2026 from $3.1 million in Q1, following negative operating cash flow in every provided quarter since Q3 2023.
Cash burn and equity financing create dilution risk. Cash declined by $2.8 million in Q2 2026, while weighted-average basic shares increased to 25.4 million from 24.3 million in Q1. The company also issued common equity in Q1 and Q2 2026, indicating continued reliance on capital markets to support operations.

Overall, the statements point to a company with improving revenue scale, better year-over-year gross margins and a comparatively strong liquidity position, but without evidence of sustainable profitability or internally funded growth. Investors should monitor whether revenue can remain above the company’s operating-cost base, whether gross margins stabilize, and how quickly cash reserves decline.

10/15/26 06:32 AM ETAI Generated. May Contain Errors.

AmpliTech Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, AmpliTech Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

AmpliTech Group's net income appears to be on a downward trend, with a most recent value of -$7.01 million in 2025, compared with $50.05 thousand in 2015. The previous period was -$11.24 million in 2024. Check out AmpliTech Group's forecast to explore projected trends and price targets.

AmpliTech Group's total operating income in 2025 was -$7.32 million, based on the following breakdown:

Total Gross Profit: $6.03 million
Total Operating Expenses: $13.35 million

Over the last 10 years, AmpliTech Group's total revenue changed from $1.48 million in 2015 to $25.20 million in 2025, a change of 1,596.9%.

In the past 9 quarters, AmpliTech Group's cash and equivalents has ranged from $1.01 million in Q2 2024 to $16.94 million in Q1 2025, and is currently $8.89 million as of their latest financial filing in Q2 2026.

AmpliTech Group had total debt of $520.46 thousand at the end of 2025, a 11.9% increase from 2024, and a 482.7% increase since 2015.

Over the last 10 years, AmpliTech Group's book value per share changed from 0.00 in 2015 to 1.59 in 2025, a change of 51,264.5%.

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Financial statements for NASDAQ:AMPG last updated on 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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AmpliTech Group (AMPG) Financials

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AmpliTech Group (AMPG) Financials

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