STAK Inc. returns to profit with $0.4 million net income in fiscal 2026
Revenue at the oilfield equipment maker rose 13.21% to $28.2 million. Net income reached $0.4 million, against a $5.7 million loss a year earlier.
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what happened
China-based STAK Inc. (Nasdaq: STAK) reported results for the fiscal year ended June 30, 2026, according to TradingView. Revenue climbed 13.21% to $28.2 million. The growth came mainly from specialized oilfield vehicles, where sales jumped 103.35% to $22.2 million, while sales of specialized oilfield equipment fell 53.89%.
Gross profit eased slightly to $7.5 million, and gross margin dropped from 30.86% to 26.43%. Operating expenses fell by about 41% to $6.4 million, and the company swung back to net income of $0.4 million from a $5.7 million loss in the prior year.
why it matters
The story concerns a small niche company, so its market impact is limited. Lower administrative costs helped return the company to profit, while the lower margin suggests higher production costs for pricier vehicles were not fully offset by higher prices. It is not a significant factor for the oilfield services sector or oil prices.
tags
instruments
sources
- STAK Inc. Announces Financial Results for Fiscal Year 2026 — TradingView, 21 October 2026 at 20:20 UTC
- Allient Inc. Announces Third Quarter Fiscal Year 2026 Financial Results Conference Call and Webcast — TradingView, 21 October 2026 at 20:15 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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