FST Corp Revenue Grows 31% to $48M, Net Loss Narrows to $1.5M
FST Corp’s 2025 revenue rose 31% to $48 million, with gross profit margin stable at 43% and net loss reduced to $1.5 million from $3.2 million. Cash climbed to $7.2 million while total assets grew to $61 million, supporting recent expansion into Japan, Europe and Korea.
1. Earnings Performance
FST Corp reported a 31% increase in 2025 revenue to $48 million, driven by sales of premium graphite shafts. Gross profit margin held at 43%, and the net loss narrowed to $1.5 million or $0.03 per share versus a $3.2 million loss in 2024.
2. Expansion Initiatives
The company entered Japan, Europe and Korea in 2025, contributing $11.5 million in incremental revenue from graphite shafts. Operational capacity expanded with a 5,400 sq ft facility in Garden Grove, California, and integration of Shopify Plus enhanced inventory tracking.
3. Balance Sheet Overview
Cash and equivalents rose to $7.2 million at year-end 2025 from $5.1 million a year earlier, while total assets increased to $61 million. Total liabilities climbed to $45.4 million, including an $18 million short-term debt the company plans to convert to long-term.
4. Cost Pressures and Outlook
Elevated fuel and shipping costs pose ongoing challenges, though Q1 2026 revenue guidance was not provided. Management is strategically managing shipments to maintain inventory levels and mitigate cost impacts.