FST Corp 31% Revenue Growth to $48M Narrows Net Loss to $1.5M
FST Corp reported 2025 revenue of $48 million, a 31% increase year-over-year, and reduced its net loss to $1.5 million from $3.2 million. It expanded into Japan, Europe and Korea and drove an $11.5 million incremental revenue boost through premium graphite shafts while ending with $7.2 million in cash.
1. Full-Year 2025 Financial Highlights
FST Corp reported full-year 2025 revenue of $48 million, a 31% increase over 2024, while maintaining a 43% gross profit margin. The company improved its net loss to $1.5 million (-$0.03 per share) from $3.2 million (-$0.09) last year.
2. Geographic Expansion and Product Growth
During 2025, FST Corp entered Japan, Europe and Korea, leveraging its premium KBS graphite shafts to generate an $11.5 million increase in incremental revenue, which represented more than half of its annual sales growth.
3. Liquidity and Operational Investments
Cash and equivalents climbed to $7.2 million at year-end from $5.1 million, despite rising fuel and shipping expenses and $18 million in short-term debt planned for long-term conversion. The company also added a 5,400 sq ft facility expansion and implemented Shopify Plus to improve inventory tracking and reduce costs.