INTEST CORP Segments Disclosure
Year Ended December 31, 2025 | |||||||||||||||||||||||||||||
| ($ in thousands) | Electronic Test | Environmental Technologies | Process Technologies | Corporate & Other | Consolidated | ||||||||||||||||||||||||
| Revenue | $ | 56,194 | $ | 29,294 | $ | 28,337 | $ | — | $ | 113,825 | |||||||||||||||||||
| Cost of revenue | 29,766 | 18,304 | 16,835 | — | 64,905 | ||||||||||||||||||||||||
| Other divisional costs | 19,458 | 9,035 | 11,071 | — | 39,564 | ||||||||||||||||||||||||
| Division operating income | 6,970 | 1,955 | 431 | — | 9,356 | ||||||||||||||||||||||||
| Acquired intangible amortization | 3,346 | 3,346 | |||||||||||||||||||||||||||
| Restructuring costs | 850 | 850 | |||||||||||||||||||||||||||
| Corporate expenses | 8,885 | 8,885 | |||||||||||||||||||||||||||
| Operating (loss) income | 6,970 | 1,955 | 431 | (13,081) | (3,725) | ||||||||||||||||||||||||
| Interest expense | (450) | (450) | |||||||||||||||||||||||||||
| Other income | 953 | 953 | |||||||||||||||||||||||||||
| (Loss) earnings before income tax expense | $ | 6,970 | $ | 1,955 | $ | 431 | $ | (12,578) | $ | (3,222) | |||||||||||||||||||
| Supplemental Disclosures: | |||||||||||||||||||||||||||||
| Depreciation | $ | 642 | $ | 247 | $ | 242 | $ | 194 | $ | 1,325 | |||||||||||||||||||
| Stock-based compensation | 323 | 91 | 165 | 1,031 | 1,610 | ||||||||||||||||||||||||
| Capital expenditures | 639 | 358 | 71 | 564 | 1,632 | ||||||||||||||||||||||||
| Total assets | $ | 76,012 | $ | 22,571 | $ | 48,152 | $ | 4,578 | $ | 151,313 | |||||||||||||||||||
Year Ended December 31, 2024 | |||||||||||||||||||||||||||||
| ($ in thousands) | Electronic Test | Environmental Technologies | Process Technologies | Corporate & Other | Consolidated | ||||||||||||||||||||||||
| Revenue | $ | 63,878 | $ | 28,898 | $ | 37,914 | $ | — | $ | 130,690 | |||||||||||||||||||
| Cost of revenue | 35,843 | 17,780 | 21,643 | — | 75,266 | ||||||||||||||||||||||||
| Other divisional costs | 19,303 | 9,002 | 11,299 | — | 39,604 | ||||||||||||||||||||||||
| Division operating income | 8,732 | 2,116 | 4,972 | — | 15,820 | ||||||||||||||||||||||||
| Acquired intangible amortization | 2,545 | 2,545 | |||||||||||||||||||||||||||
| Corporate expenses | 9,881 | 9,881 | |||||||||||||||||||||||||||
| Operating income (loss) | 8,732 | 2,116 | 4,972 | (12,426) | 3,394 | ||||||||||||||||||||||||
| Interest expense | (846) | (846) | |||||||||||||||||||||||||||
| Other income | 906 | 906 | |||||||||||||||||||||||||||
| Earnings (loss) before income tax expense | $ | 8,732 | $ | 2,116 | $ | 4,972 | $ | (12,366) | $ | 3,454 | |||||||||||||||||||
| Supplemental Disclosures: | |||||||||||||||||||||||||||||
| Depreciation | $ | 596 | $ | 301 | $ | 387 | $ | 115 | $ | 1,399 | |||||||||||||||||||
| Stock-based compensation | 217 | 182 | 140 | 1,318 | 1,857 | ||||||||||||||||||||||||
| Capital expenditures | 347 | 561 | 176 | 240 | 1,324 | ||||||||||||||||||||||||
| Total assets | $ | 75,671 | $ | 21,163 | $ | 50,921 | $ | 4,533 | $ | 152,288 | |||||||||||||||||||
| Years Ended | ||||||||||||||
| December 31, | ||||||||||||||
| (in thousands) | 2025 | 2024 | ||||||||||||
| Revenue: | ||||||||||||||
| U.S. | $ | 49,131 | $ | 49,757 | ||||||||||
| Foreign | 64,694 | 80,933 | ||||||||||||
| Total revenue | $ | 113,825 | $ | 130,690 | ||||||||||
| December 31, | ||||||||||||||
| (in thousands) | 2025 | 2024 | ||||||||||||
| Property and equipment: | ||||||||||||||
| U.S. | $ | 2,250 | $ | 2,280 | ||||||||||
| Foreign | 2,528 | 2,177 | ||||||||||||
| Total property and equipment | $ | 4,778 | $ | 4,457 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
| 2023 | Mar 27, 2024 | |
| 2022 | Mar 22, 2023 | |
| 2021 | Mar 23, 2022 | |
| 2020 | Mar 23, 2021 | |
| 2019 | Mar 23, 2020 | |
| 2018 | Mar 26, 2019 | |
| 2017 | Mar 28, 2018 | |
| 2016 | Mar 27, 2017 | |
| 2015 | Mar 29, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.