Short answer
NAPCO SECURITY TECHNOLOGIES, INC (NSSC) filed its fiscal 2025 10-K annual report with the SEC on Aug 25, 2025. It reported revenue of $182M (−3.8% year over year) and net income of $43M.
- Top risk flagged: Legal risk from potential unfavorable loss contingencies in legal proceedings lacking reasonable loss estimates as per ASC 450-20 guidelines
FY2025 key financial metrics · XBRL
- Revenue
- $182M
- −3.8% YoY
- Net income
- $43M
- −12.9% YoY
- Operating margin
- 25.5%
- −3.0 pp YoY
- Gross margin
- 55.6%
- +1.7 pp YoY
- EPS (diluted)
- $1.19
- −11.2% YoY
- ROE
- 25.7%
- −2.1 pp YoY
- Operating cash flow
- $54M
- +18.0% YoY
Source: XBRL data from the NAPCO SECURITY TECHNOLOGIES, INC (NSSC) FY2025 10-K on SEC EDGAR. USD.
NAPCO SECURITY TECHNOLOGIES, INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model focused on security technology products and solutions
- No new products, services, or segments explicitly introduced or emphasized this year
- Continued leadership stability with employment agreement extensions for key executives including Michael Carrieri
- Employment agreement extensions executed twice during fiscal 2025, indicating retention strategy for senior management
- Filing notable for extensive exhibit list including multiple employee stock option plans and indemnification and compensation agreements
Risk Factors
- Legal risk from potential unfavorable loss contingencies in legal proceedings lacking reasonable loss estimates as per ASC 450-20 guidelines
- Geopolitical risk: $6.4M sales reduction to a major distributor linked to global tariff policy uncertainty impacting equipment revenue
- Operational risk: reliance on a 99-year land lease in the Dominican Republic for principal manufacturing with annual rent escalating 2% annually
- Competitive risk: $17.8M (15.7%) equipment revenue decline partially due to timing shifts in large commercial real estate projects affecting door-locking product sales
- Financial risk: treasury stock repurchases of $36.8M in fiscal 2025 amid declining working capital ($138.4M vs $146.5M prior year) potentially pressuring liquidity
Generated from the filing text; verify against the original. How to read a 10-K
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