Aehr Test Systems (AEHR)

Name: Aehr Test Systems Financial Statements
Creator: Quarter Results

Technology | Semiconductors

Latest reporting period: 2025-11-28

Latest Quarter

2025-11-28

Revenue

$9.9M

Net Income

-$3.2M

Operating Margin

-49.2%

Free Cash Flow

-$12.4M

Debt / Assets

17.3%

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

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Income statement quarterly history for Aehr Test Systems (AEHR).
Income Statement (Quarterly)	2025-11-28	2025-08-29	2025-05-30	2025-02-28
Revenue	9,884,000	10,969,000	14,089,000	18,307,000
Cost of Revenue	7,339,000	7,250,000	9,817,000	11,124,000
Gross Profit	2,545,000	3,719,000	4,272,000	7,183,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	4,434,000	4,717,000	3,926,000	5,162,000
Operating Expenses	7,406,000	7,785,000	7,476,000	8,302,000
Operating Income	-4,867,000	-4,066,000	-2,340,000	-1,119,000
Interest Expense	0	0	0	0
Income Before Tax	-4,444,000	-2,836,000	-2,986,000	-874,000
Income Tax Expense	-1,214,000	-752,000	-87,000	-231,000
Net Income	-3,230,000	-2,084,000	-2,899,000	-643,000
Per Share
EPS	-0.11	-0.07	-0.10	-0.02
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Aehr Test Systems (AEHR).
Income Statement (Annual)	2025-05-31	2025-05-30	2024-05-31	2023-05-31	2022-05-31
Revenue	58,968,000	58,968,000	66,218,000	64,961,000	50,829,000
Cost of Revenue	35,035,000	35,035,000	33,675,000	32,215,000	27,164,000
Gross Profit	23,933,000	23,933,000	32,543,000	32,746,000	23,665,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	17,783,000	17,783,000	13,746,000	12,237,000	10,047,000
Operating Expenses	28,246,000	28,246,000	22,465,000	19,371,000	15,865,000
Operating Income	-4,313,000	-4,313,000	10,078,000	13,375,000	5,795,000
Interest Expense	0	0	0	0	13,000
Income Before Tax	-4,291,000	-4,291,000	12,458,000	14,617,000	9,541,000
Income Tax Expense	-381,000	-381,000	-20,698,000	60,000	91,000
Net Income	-3,910,000	-3,910,000	33,156,000	14,557,000	9,450,000
Per Share
EPS	-0.13	-0.13	1.15	0.52	0.36
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Aehr Test Systems (AEHR).
Balance Sheet (Quarterly)	2025-05-31	2025-05-30	2024-05-31	2023-05-31
Assets
Cash and Cash Equivalents	25,229,000	25,229,000	49,159,000	30,054,000
Short Term Investments	0	0	0	17,853,000
Net Receivables	17,791,000	17,791,000	9,996,000	16,594,000
Inventory	41,997,000	41,997,000	37,470,000	23,908,000
Total Current Assets	88,778,000	88,778,000	97,848,000	89,030,000
Property Plant Equipment	18,570,000	18,570,000	8,987,000	8,882,000
Goodwill and Intangibles	21,500,000	21,500,000	0	0
Total Assets	148,508,000	148,508,000	127,912,000	98,143,000
Liabilities
Account Payables	6,728,000	6,728,000	5,332,000	9,206,000
Short Term Debt	1,818,000	909,000	465,000	137,000
Total Current Liabilities	15,638,000	15,638,000	10,508,000	16,308,000
Long Term Debt	9,921,000	9,921,000	5,732,000	6,163,000
Total Liabilities	25,637,000	25,637,000	16,318,999	22,543,000
Shareholders Equity
Retained Earnings	-23,060,000	-23,060,000	-19,150,000	-52,306,000
Total Shareholders Equity	122,871,000	122,871,000	111,593,000	75,600,000

Balance sheet annual history for Aehr Test Systems (AEHR).
Balance Sheet (Annual)	2025-05-31	2025-05-30	2024-05-31	2023-05-31	2022-05-31
Assets
Cash and Cash Equivalents	25,229,000	25,229,000	49,159,000	30,054,000	31,484,000
Short Term Investments	0	0	0	17,853,000	0
Net Receivables	17,791,000	17,791,000	9,996,000	16,594,000	12,859,000
Inventory	41,997,000	41,997,000	37,470,000	23,908,000	15,051,000
Total Current Assets	88,778,000	88,778,000	97,848,000	89,030,000	60,007,000
Property Plant Equipment	18,570,000	18,570,000	8,987,000	8,882,000	2,120,000
Goodwill and Intangibles	21,500,000	21,500,000	0	0	0
Total Assets	148,508,000	148,508,000	127,912,000	98,143,000	62,328,000
Liabilities
Account Payables	6,728,000	6,728,000	5,332,000	9,206,000	4,195,000
Short Term Debt	1,818,000	909,000	465,000	137,000	794,000
Total Current Liabilities	15,638,000	15,638,000	10,508,000	16,308,000	11,014,000
Long Term Debt	9,921,000	9,921,000	5,732,000	6,163,000	212,000
Total Liabilities	25,637,000	25,637,000	16,318,999	22,543,000	11,339,000
Shareholders Equity
Retained Earnings	-23,060,000	-23,060,000	-19,150,000	-52,306,000	-66,863,000
Total Shareholders Equity	122,871,000	122,871,000	111,593,000	75,600,000	50,989,000

Cash flow quarterly history for Aehr Test Systems (AEHR).
Cash Flow Statement (Quarterly)	2025-05-31	2025-05-30	2024-05-31	2023-12-31
Operating Activities
Net Income	-3,910,000	-3,910,000	33,156,000	33,156,000
Depreciation & Amortization	3,388,000	3,388,000	1,363,000	1,363,000
Stock Based Compensation	0	5,162,000	2,518,000	2,518,000
Change in Working Capital	-12,203,000	-12,203,000	-14,378,000	-14,378,000
Operating Cash Flow	-7,400,000	-7,400,000	1,756,000	1,756,000
Investing Activities
Capital Expenditure	-4,992,000	-4,992,000	-749,000	-749,000
Investments	-4,992,000	-4,992,000	-749,000	-749,000
Investing Cash Flow	-16,067,000	-16,067,000	17,251,000	17,251,000
Financing Activities
Debt Repayment	0	0	0	0
Common Stock Issued/Repurchased	625,000	625,000	139,000	139,000
Dividends Paid	0	0	0	0
Financing Cash Flow	625,000	625,000	139,000	139,000
Summary
Free Cash Flow	-12,392,000	-12,392,000	1,007,000	1,007,000
Net Change in Cash	-23,930,000	-23,930,000	19,105,000	19,105,000

Cash flow annual history for Aehr Test Systems (AEHR).
Cash Flow Statement (Annual)	2025-05-31	2025-05-30	2024-05-31	2023-12-31	2023-05-31
Operating Activities
Net Income	-3,910,000	-3,910,000	33,156,000	33,156,000	14,557,000
Depreciation & Amortization	3,388,000	3,388,000	1,363,000	1,363,000	450,000
Stock Based Compensation	0	5,162,000	2,518,000	2,518,000	2,748,000
Change in Working Capital	-12,203,000	-12,203,000	-14,378,000	-14,378,000	-7,280,000
Operating Cash Flow	-7,400,000	-7,400,000	1,756,000	1,756,000	10,011,000
Investing Activities
Capital Expenditure	-4,992,000	-4,992,000	-749,000	-749,000	-1,362,000
Investments	-4,992,000	-4,992,000	-749,000	-749,000	-1,362,000
Investing Cash Flow	-16,067,000	-16,067,000	17,251,000	17,251,000	-18,656,000
Financing Activities
Debt Repayment	0	0	0	0	0
Common Stock Issued/Repurchased	625,000	625,000	139,000	139,000	7,322,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	625,000	625,000	139,000	139,000	7,322,000
Summary
Free Cash Flow	-12,392,000	-12,392,000	1,007,000	1,007,000	8,649,000
Net Change in Cash	-23,930,000	-23,930,000	19,105,000	19,105,000	-1,360,000