Butler National Corporation (BUKS)

Name: Butler National Corporation Financial Statements
Creator: Quarter Results

Industrials | Aerospace Defense

Latest reporting period: 2026-01-31

Latest Quarter

2026-01-31

Revenue

$26.9M

Net Income

$6.7M

Operating Margin

34.3%

Free Cash Flow

$10.1M

Debt / Assets

47.2%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Butler National Corporation (BUKS).
Income Statement (Quarterly)	2026-01-31	2025-10-31	2025-07-31	2025-04-30
Revenue	26,913,000	23,251,000	20,125,000	21,605,000
Cost of Revenue	12,431,000	11,336,000	10,503,000	10,772,000
Gross Profit	14,482,000	11,915,000	9,622,000	10,833,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	5,244,000	4,838,000	4,955,000	6,422,000
Operating Expenses	5,244,000	4,838,000	4,955,000	6,422,000
Operating Income	9,238,000	7,077,000	4,667,000	4,411,000
Interest Expense	478,000	501,000	523,000	517,000
Income Before Tax	8,988,000	8,791,000	4,315,000	4,082,000
Income Tax Expense	2,289,000	2,797,000	630,000	751,000
Net Income	6,699,000	5,994,000	3,685,000	3,331,000
Per Share
EPS	0.10	0.09	0.06	0.05
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Butler National Corporation (BUKS).
Income Statement (Annual)	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30
Revenue	83,968,000	78,376,000	75,182,000	73,473,000	61,480,000
Cost of Revenue	45,921,000	44,472,000	41,303,000	43,620,000	43,620,000
Gross Profit	38,047,000	33,904,000	33,879,000	29,853,000	17,860,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	21,220,000	20,665,000	25,225,000	13,724,000	11,960,000
Operating Expenses	21,220,000	20,665,000	25,225,000	13,724,000	11,960,000
Operating Income	16,827,000	13,239,000	8,654,000	16,129,000	5,900,000
Interest Expense	2,177,000	2,447,000	2,743,000	2,689,000	3,138,000
Income Before Tax	16,718,000	16,756,000	6,527,000	15,516,000	2,769,000
Income Tax Expense	4,167,000	4,244,000	2,011,000	3,276,000	311,000
Net Income	12,551,000	12,512,000	4,516,000	10,368,000	1,433,000
Per Share
EPS	0.19	0.18	0.06	0.14	0.02
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Butler National Corporation (BUKS).
Balance Sheet (Quarterly)	2025-04-30	2024-04-30	2023-04-30	2022-04-30
Assets
Cash and Cash Equivalents	25,226,000	17,792,000	21,997,000	12,487,000
Short Term Investments	0	0	0	0
Net Receivables	9,391,000	9,588,000	5,686,000	5,106,000
Inventory	10,924,000	9,522,000	8,947,000	8,872,000
Total Current Assets	47,312,000	38,596,000	40,162,000	27,826,000
Property Plant Equipment	63,623,000	62,479,000	62,148,000	61,574,000
Goodwill and Intangibles	9,237,000	10,571,000	8,722,000	8,018,000
Total Assets	123,298,000	113,975,000	113,906,000	100,809,000
Liabilities
Account Payables	8,623,000	5,291,000	5,320,000	2,773,000
Short Term Debt	5,408,000	4,891,000	5,132,000	5,271,000
Total Current Liabilities	24,414,000	22,917,000	25,377,000	13,665,000
Long Term Debt	33,770,000	36,617,000	41,748,000	46,310,000
Total Liabilities	58,184,000	59,534,000	67,125,000	59,975,000
Shareholders Equity
Retained Earnings	59,527,000	46,976,000	34,464,000	29,948,000
Total Shareholders Equity	65,114,000	54,441,000	46,781,000	40,834,000

Balance sheet annual history for Butler National Corporation (BUKS).
Balance Sheet (Annual)	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30
Assets
Cash and Cash Equivalents	25,226,000	17,792,000	21,997,000	12,487,000	22,022,000
Short Term Investments	0	0	0	0	0
Net Receivables	9,391,000	9,588,000	5,686,000	5,106,000	2,382,000
Inventory	10,924,000	9,522,000	8,947,000	8,872,000	8,568,000
Total Current Assets	47,312,000	38,596,000	40,162,000	27,826,000	34,468,000
Property Plant Equipment	63,623,000	62,479,000	62,148,000	61,574,000	56,370,000
Goodwill and Intangibles	9,237,000	10,571,000	8,722,000	8,018,000	8,211,000
Total Assets	123,298,000	113,975,000	113,906,000	100,809,000	101,921,000
Liabilities
Account Payables	8,623,000	5,291,000	5,320,000	2,773,000	1,893,000
Short Term Debt	5,408,000	4,891,000	5,132,000	5,271,000	6,079,000
Total Current Liabilities	24,414,000	22,917,000	25,377,000	13,665,000	17,567,000
Long Term Debt	33,770,000	36,617,000	41,748,000	46,310,000	42,575,000
Total Liabilities	58,184,000	59,534,000	67,125,000	59,975,000	60,542,000
Shareholders Equity
Retained Earnings	59,527,000	46,976,000	34,464,000	29,948,000	19,580,000
Total Shareholders Equity	65,114,000	54,441,000	46,781,000	40,834,000	35,361,000

Cash flow quarterly history for Butler National Corporation (BUKS).
Cash Flow Statement (Quarterly)	2025-04-30	2024-04-30	2023-04-30	2022-04-30
Operating Activities
Net Income	12,551,000	12,512,000	4,516,000	12,240,000
Depreciation & Amortization	6,744,000	6,068,000	5,898,000	5,281,000
Stock Based Compensation	381,000	207,000	709,000	585,000
Change in Working Capital	-82,000	-5,144,000	9,213,000	-5,981,000
Operating Cash Flow	18,404,000	7,538,000	20,937,000	11,030,000
Investing Activities
Capital Expenditure	-8,259,000	-8,740,000	-6,510,000	-9,579,000
Investments	-8,259,000	-8,740,000	-6,510,000	-9,579,000
Investing Cash Flow	-5,415,000	-1,126,000	-5,936,000	-9,504,000
Financing Activities
Debt Repayment	-3,294,000	-5,558,000	-5,430,000	-4,496,000
Common Stock Issued/Repurchased	-2,261,000	-5,059,000	-61,000	-168,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-5,555,000	-10,617,000	-5,491,000	-11,061,000
Summary
Free Cash Flow	10,145,000	-1,202,000	14,427,000	1,451,000
Net Change in Cash	7,434,000	-4,205,000	9,510,000	-9,535,000

Cash flow annual history for Butler National Corporation (BUKS).
Cash Flow Statement (Annual)	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30
Operating Activities
Net Income	12,551,000	12,512,000	4,516,000	12,240,000	2,458,000
Depreciation & Amortization	6,744,000	6,068,000	5,898,000	5,281,000	5,856,000
Stock Based Compensation	381,000	207,000	709,000	585,000	592,000
Change in Working Capital	-82,000	-5,144,000	9,213,000	-5,981,000	4,056,000
Operating Cash Flow	18,404,000	7,538,000	20,937,000	11,030,000	13,458,000
Investing Activities
Capital Expenditure	-8,259,000	-8,740,000	-6,510,000	-9,579,000	-6,992,000
Investments	-8,259,000	-8,740,000	-6,510,000	-9,579,000	0
Investing Cash Flow	-5,415,000	-1,126,000	-5,936,000	-9,504,000	-6,992,000
Financing Activities
Debt Repayment	-3,294,000	-5,558,000	-5,430,000	-4,496,000	-3,520,000
Common Stock Issued/Repurchased	-2,261,000	-5,059,000	-61,000	-168,000	-196,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-5,555,000	-10,617,000	-5,491,000	-11,061,000	-1,237,000
Summary
Free Cash Flow	10,145,000	-1,202,000	14,427,000	1,451,000	6,466,000
Net Change in Cash	7,434,000	-4,205,000	9,510,000	-9,535,000	5,229,000