3 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 29.2% per year over the past 2 years.
Operating margin has expanded, at -4.9% in the latest year.
Financial health
Total debt ($47M) exceeds cash ($7M); net debt is $40M.
Total debt has grown slower than revenue (18.5% vs 29.2% per year).
Operating income covered interest expense -2.8× in the latest year, up from -212.2× 2 years ago.
The company is unprofitable; at its current free-cash-flow burn it has roughly 4.5 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$48M
-$2M
43.0%
-4.9%
-$2M
$47M
$7M
2024
$36M
-$3M
43.1%
-10.0%
-$6M
$40M
$5M
2023
$29M
-$2M
46.8%
-10.9%
-$23M
—
$9M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Dec '25
$13M
—
41.6%
1.1%
-$5M
$47M
$7M
Sep '25
$13M
—
39.2%
-7.5%
$4M
$14M
—
Dec '24
$10M
—
46.0%
-16.6%
-$4M
$40M
$5M
Sep '24
$9M
—
38.8%
-15.5%
-$2M
—
—
Valuation over time
How the market has priced KBSX against its own fundamentals since 2025-01 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 8.3× (Jan '25) to 0.8× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is KBSX growing its revenue and profit?
Over the past 2 years, FST Corp.'s revenue has grown 29.2% per year. These are computed facts, not advice.
How much debt does KBSX have?
As of FY2025, FST Corp. reported $47M of total debt against $7M of cash; operating income covered interest expense -2.8×.
What is KBSX's profit margin?
In FY2025, gross margin was 43.0%, operating margin -4.9%, and net margin -3.1%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.