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MARKETS / NASDAQ / AEHR
NASDAQ · INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS · SMALL CAP

Aehr Test Systems AEHR

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$50.0M
▼ 15.2% YoY
$-7.1M
$-5.4M
In brief

What this company does

We are a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package level, and have installed thousands of systems worldwide. As of May 29, 2026, the Company, including its foreign subsidiaries and one branch office, employed 138 persons collectively, on a regular full-time basis, of whom 43 were engaged in research, development and related engineering, 46 were engaged in manufacturing, 34 were engaged in marketing, sales and customer support and 15 were engaged in general administration, finance and IT functions. As of May 29, 2026, the Company held 125 active patents in the United States, Singapore, China, Germany, Ireland, Italy, Netherlands, United Kingdom, Japan, South Korea, Malaysia, Philippines, Taiwan and other countries, with expiration date ranges from 2028 to 2045, and had over 100 additional United States patent applications and foreign patent applications pending.

Written from the business description in Aehr Test Systems, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 July 2026. Every sentence was checked against that document before publication.

Growth
USD 50.0M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 50.0 · Net income -7.1
25.0M50.0M200920112013201520172019202120232025
Compound annual growth
−8.4%
+24.7%
+13.2%
+9.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +24.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−14 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -28.3% · Net -14.3%
20%40%-20%-40%-60%200920112013201520172019202120232025
ROE
FY2025 · ROE -4.2%
-100%-200%-300%200920112013201520172019202120232025

Each USD of equity lost 4 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -5.4
4M8M-5M-10M200920112013201520172019202120232025

Total assetsUSD 246.7M
EquityUSD 219.5M
CashUSD 116.4M
Current ratio10.33×

Equity funds 89% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.00.00.00.0−0.0−0.0−0.00.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.00.00.00.0−0.0−0.0−0.00.0−0.0−0.0−0.00.0−0.0−0.0··
Income tax $B−0.0−0.0−0.00.00.0−0.0−0.00.0−0.00.00.00.0−0.00.0−0.0−0.0−0.0
Net income $B−0.0−0.00.00.00.0−0.0−0.0−0.00.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
EPS, diluted $−0.23−0.131.120.500.34−0.09−0.12−0.230.02−0.35−0.52−0.550.04−0.36−0.38−0.39−0.06
Dividend / sh $·················
Payout %·················
ROE %−4.2−3.335.423.030.3−15.9−19.0−30.12.9−70.2−351.1−114.47.0−59.5−43.5−33.3−4.3
Shares out B0.030.030.030.030.030.000.000.000.000.020.010.010.010.010.000.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityInstruments For Meas & Testing of Electricity & Elec Signals
Listed onNASDAQ
Incorporated inCalifornia
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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