15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 3.3% per year over the past 5 years.
Operating margin has contracted, at -77.2% in the latest year.
Financial health
Total debt has grown faster than revenue (156.7% vs -3.3% per year).
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.5 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
2026
$6M
-$4M
1.5%
-77.2%
-$4M
—
$9M
2025
$11M
-$5M
8.4%
-52.1%
-$4M
—
$1M
2024
$9M
$766000
17.2%
-37.5%
-$5M
—
$20M
2023
$7M
-$1M
29.3%
-29.2%
-$306000
—
$25M
2022
$8M
-$4M
24.0%
-41.9%
-$5M
—
$26M
2021
$7M
-$4M
22.8%
-56.5%
—
—
$5M
2020
$6M
-$4M
18.3%
-73.5%
—
—
$6M
2019
$9M
-$2M
2.2%
-40.6%
—
—
$8M
2018
$15M
-$7M
7.3%
-25.8%
-$5M
—
$25M
2017
—
-$237000
—
—
$2M
—
$27M
2016
—
-$968000
—
—
—
—
$30M
2015
—
$2M
—
—
$4M
$481000
$43M
2014
—
$1M
—
—
-$8M
$0
$26M
2013
—
$6M
—
—
$22M
$73000
$21M
2012
—
$11M
—
—
-$209000
—
$45M
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
Mar '26
$2M
-$1M
-8.0%
-100.7%
-$940000
—
$9M
Dec '25
$2M
-$694000
10.9%
-43.7%
-$228000
—
$4M
Sep '25
$1M
-$1M
-0.1%
-98.4%
-$2M
—
$956000
Jun '25
$2M
-$1M
0.7%
-78.1%
-$514000
—
$2M
Mar '25
$2M
-$2M
-3.0%
-137.8%
-$391000
—
$1M
Dec '24
$4M
-$527000
12.3%
-18.3%
-$301000
—
$689000
Sep '24
$3M
-$881000
9.9%
-40.8%
-$2M
—
$464000
Jun '24
$2M
-$962000
8.8%
-55.6%
-$1M
—
$3M
Mar '24
$2M
-$883000
15.9%
-52.2%
-$2M
—
$20M
Dec '23
$3M
-$421000
18.2%
-27.6%
$1M
—
$4M
Sep '23
$2M
$3M
16.3%
-27.3%
-$4M
—
$21M
Jun '23
$2M
-$565000
18.7%
-47.5%
-$597000
—
$25M
Mar '23
$2M
$111000
18.4%
-8.9%
-$2M
—
$25M
Dec '22
$2M
-$241000
29.6%
-24.8%
-$479000
—
$27M
Sep '22
$2M
-$153000
43.1%
-13.0%
$3M
—
$28M
Jun '22
$1M
-$1M
18.2%
-107.0%
-$668000
—
$25M
Mar '22
$2M
-$915000
15.7%
-54.8%
$832000
—
$26M
Dec '21
$3M
-$1M
29.1%
-28.0%
—
—
$25M
Sep '21
$2M
-$632000
27.3%
-46.0%
—
—
$26M
Jun '21
$2M
-$915000
21.6%
-45.4%
—
—
$4M
Valuation over time
How the market has priced MSN against its own fundamentals since 2023-03 —
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-earnings ratio has fallen from 15.8× (Apr '24) to 13.5× (Feb '25).
The price-to-sales ratio has fallen from 1.6× (Mar '23) to 1.2× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is MSN growing its revenue and profit?
Over the past 5 years, EMERSON RADIO CORP's revenue has declined 3.3% per year. These are computed facts, not advice.
How much debt does MSN have?
As of FY2026, EMERSON RADIO CORP reported — of total debt against $9M of cash.
What is MSN's profit margin?
In FY2026, gross margin was 1.5%, operating margin -77.2%, and net margin -68.1%.
What is MSN's P/E ratio?
As of Jun '26, EMERSON RADIO CORP traded at a price-to-earnings ratio of about 13.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
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.