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MARKETS / NASDAQ / OPXS
NASDAQ · OPTICAL INSTRUMENTS & LENSES · SMALL CAP

Optex Systems Holdings Inc. OPXS

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$41.3M
▲ 21.6% YoY
$5.1M
▲ 36.6% YoY
$6.4M
▲ 485.2% YoY
In brief

What this company does

The company manufactures optical sighting systems and assemblies for the U.S. Department of Defense, foreign military applications, commercial markets, and consumer markets. Its products are installed on a variety of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, light armored and advanced security vehicles and the Stryker family of vehicles. The company also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex Systems Holdings, Inc. is a Delaware corporation originally organized in Delaware as Sustut Exploration, Inc. in April 2006, and Optex Systems, Inc. is a Delaware corporation organized in September 2008. In March 2009, Optex Systems, Inc. engaged in a reverse merger with Sustut Exploration, Inc., in connection with which the latter was renamed Optex Systems Holdings, Inc. and the former became a wholly-owned subsidiary of Optex Systems Holdings, Inc. Through the Applied Optics Center, the company is utilizing its experience in military sighting systems to pursue commercial opportunities associated with products that incorporate multi-lens optical cell assemblies, bonded optical elements and mechanical assemblies. The company had 132 full-time equivalent employees as of September 28, 2025, which include a small temporary work force to handle peak loads as needed.

Written from the business description in Optex Systems Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 17 December 2025. Every sentence was checked against that document before publication.

Growth
USD 41.3M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 41.3 · Net income 5.1
20M40M-4M-8M201020122014201620182020202220242025
Compound annual growth
+22.7%
+9.8%
+12.3%
+4.0%
+58.9%
+23.0%
+26.5%
+66.6%
+39.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.8% a year over five years — but profit grew faster: net income at +23.0%, earnings per share at +39.5%.

The share count fell from 0.01B to 0.01B over the period.

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
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 17.3% · Net 12.5%
10%20%-20%-40%201020122014201620182020202220242025
ROE
FY2025 · ROE 23.9%
20%40%60%-50%-100%201020122014201620182020202220242025

Each USD of equity produced 24 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 6.4
2.5M5.0M-2.0M201020122014201620182020202220242025
Net buybacks $ Dividends $
FY2018 · Dividends 784000.0 · Net buybacks —
40000020172018

Total assetsUSD 30.1M
EquityUSD 24.3M
CashUSD 6.4M
Current ratio5.64×

Equity funds 81% of total assets.

The 16-year record
16 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 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B0.00.00.00.0−0.00.00.00.00.0−0.0−0.0−0.00.0−0.00.0−0.0
EBITDA $B0.00.00.00.0−0.00.00.00.00.0−0.0−0.0−0.00.0−0.00.0−0.0
Income tax $B0.00.00.00.0−0.00.0−0.00.00.00.00.00.00.00.0−0.0−0.0
Net income $B0.00.00.00.00.00.00.00.0−0.0−0.00.0−0.00.0−0.00.0−0.0
Free cash flow $B0.00.0−0.00.00.00.00.00.0−0.0−0.0−0.00.0−0.00.00.0−0.0
EPS, diluted $0.740.550.340.160.180.140.450.11−0.06−0.91−19.06−6.760.00−0.000.00−0.07
Dividend / sh $················
Payout %·······56−86·······
ROE %23.922.416.69.114.413.961.122.7−4.6−2.77.0−30.01.8−4.88.0−136.8
Shares out B0.010.010.010.010.010.010.010.010.010.010.000.000.000.150.140.14

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 78 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityOptical Instruments & Lenses
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 28
SEC categorysmaller reporting company
Data on record since2010

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