RICHARDSON ELECTRONICS, LTD.
Business
Richardson Electronics, Ltd. is a global manufacturer and authorized distributor of engineered solutions including power grid and microwave tubes, power conversion and RF components, diagnostic imaging tubes, and custom display solutions. Primary products include proprietary tubes and green energy storage components. The company operates through Power and Microwave Technologies, Green Energy Solutions, Canvys custom displays, and Healthcare segments, serving alternative energy, healthcare, aviation, broadcast, communications, industrial, medical, military, and semiconductor markets globally.
Summary from 10-K filed 2025-08-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-05-31 | FY 2021 2021-05-31 |
|---|---|---|---|---|---|---|
| Net sales | 209 | 196 | 263 | 225 | 177 | |
| Cost of sales | 144 | 136 | 179 | — | — | |
| Gross profit | 65 | 60 | 84 | 72 | 59 | |
| Selling, general and administrative expenses | 62 | 60 | 59 | 56 | 56 | |
| Loss (gain) on disposal of property, plant and equipment | 16,000 | 70,000 | −7,000 | 20,000 | 13,000 | |
| Loss on disposal of healthcare assets and other charges | 5 | 0 | 0 | — | — | |
| Operating (loss) income | −2 | 348,000 | 25 | 16 | 3 | |
| Interest income | −392,000 | −284,000 | −295,000 | −80,000 | −76,000 | |
| Foreign exchange | −500,000 | 400,000 | 300,000 | 300,000 | 800,000 | |
| Other, net | −44,000 | 39,000 | −30,000 | 5,000 | −104,000 | |
| Total other (income) expense | −932,000 | 191,000 | −47,000 | 198,000 | 579,000 | |
| (Loss) income before income taxes | −2 | 157,000 | 25 | 16 | 2 | |
| Income tax (benefit) provision | −388,000 | 96,000 | 3 | −2 | 653,000 | |
| Net (loss) income | −1 | 61,000 | 22 | 18 | 2 | |
| Foreign currency translation gain (loss), net of tax | 1 | 149,000 | −185,000 | −4 | 3 | |
| Comprehensive income | 247,000 | 210,000 | 22 | 14 | 5 | |
| Common stock - Diluted | 12 | 12 | 13 | 12 | 11 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-08-31 | FY 2022 2022-05-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 36 | 24 | 25 | — | 35 | |
| Accounts receivable, less allowance for credit losses of $250 and $323, respectively | 24 | 25 | 30 | — | 30 | |
| Inventories, net | 103 | 110 | 110 | — | 80 | |
| Prepaid expenses and other assets | 3 | 2 | 3 | — | 2 | |
| Total current assets | 166 | 162 | 168 | — | 153 | |
| Property, plant and equipment, net | 18 | 21 | 21 | — | 17 | |
| Intangible assets, net | 345,000 | 2 | 2 | — | 2 | |
| Right of use lease assets | 2 | 3 | 2 | — | — | |
| Deferred income taxes | 9 | 6 | 5 | — | 4 | |
| Other non-current assets | 228,000 | 209,000 | 267,000 | 0 | — | |
| Total non-current assets | 30 | 31 | 30 | — | 27 | |
| Total assets | 196 | 192 | 198 | — | 180 | |
| Accounts payable | 21 | 15 | 24 | — | 24 | |
| Accrued liabilities | 14 | 15 | 12 | — | 16 | |
| Lease liabilities current | 1 | 1 | 1 | — | 1 | |
| Total current liabilities | 37 | 32 | 37 | — | 41 | |
| Deferred income tax liabilities | 81,000 | 90,000 | 98,000 | — | 85,000 | |
| Lease liabilities non-current | 1 | 2 | 1 | — | 2 | |
| Other non-current liabilities | 1 | 800,000 | 600,000 | — | 800,000 | |
| Total non-current liabilities | 2 | 2 | 2 | — | 3 | |
| Total liabilities | 39 | 34 | 39 | — | 44 | |
| Commitments and contingencies (Note 4) | — | — | — | — | — | |
| Additional paid-in-capital | 74 | 73 | 71 | — | 66 | |
| Retained earnings | 79 | 84 | 87 | — | 68 | |
| Accumulated other comprehensive income | 2 | 764,000 | 615,000 | — | 800,000 | |
| Total stockholders' equity | 157 | 158 | 159 | — | 136 | |
| Total liabilities and stockholders equity | 196 | 192 | 198 | — | 180 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-05-31 | FY 2024 2024-05-31 | FY 2023 2023-05-31 | FY 2022 2022-05-31 | FY 2021 2021-05-31 |
|---|---|---|---|---|---|---|
| Net (loss) income | −1 | 61,000 | 22 | 18 | 2 | |
| Unrealized foreign currency gain | −1 | −304,000 | −406,000 | — | — | |
| Depreciation and amortization | 4 | 4 | 4 | 3 | 3 | |
| Inventory provisions | 600,000 | 600,000 | 500,000 | 500,000 | 1 | |
| Share-based compensation expense | 2 | 1 | 900,000 | 700,000 | 675,000 | |
| Loss (gain) on disposal of property, plant and equipment | 16,000 | 70,000 | −7,000 | 20,000 | 13,000 | |
| Deferred income taxes | −3 | −1 | −138,000 | −4 | −1,000 | |
| Accounts receivable | 130,000 | 5 | −363,000 | −6 | −4 | |
| Inventories | 206,000 | 66,000 | −30 | −21 | −5 | |
| Prepaid expenses and other assets | −180,000 | 250,000 | −519,000 | −228,000 | 103,000 | |
| Accounts payable | 6 | −8 | −439,000 | 8 | −565,000 | |
| Accrued liabilities | −1 | 3 | −4 | 2 | 4 | |
| Other | 326,000 | 577,000 | 725,000 | 358,000 | −26,000 | |
| Net cash provided by (used in) operating activities | 11 | 7 | −8 | 2 | 832,000 | |
| Capital expenditures | −3 | −4 | −7 | −3 | −3 | |
| Proceeds from disposal of healthcare assets | 7 | 0 | 0 | — | — | |
| Proceeds from the sale of property, plant & equipment | 7,000 | 0 | 194,000 | 0 | — | |
| Proceeds from maturity of investments | 0 | 0 | 5 | 0 | 25 | |
| Net cash provided by (used in) investing activities | 4 | −4 | −2 | −8 | 13 | |
| Proceeds from issuance of common stock | 320,000 | 591,000 | 4 | 3 | 289,000 | |
| Cash dividends paid on common and Class B common stock | −3 | −3 | −3 | −3 | −3 | |
| Proceeds from revolving credit facility | 1 | 4 | 0 | 0 | — | |
| Repayment of revolving credit facility | −1 | −4 | 0 | 0 | — | |
| Other | −159,000 | −120,000 | −69,000 | −151,000 | −181,000 | |
| Net cash (used in) provided by financing activities | −3 | −3 | 389,000 | −352,000 | −3 | |
| Effect of exchange rate changes on cash and cash equivalents | 309,000 | −296,000 | −520,000 | −1 | 2 | |
| Increase (decrease) in cash and cash equivalents | 12 | −718,000 | −11 | −8 | 13 | |
| Income taxes, net of refunds | 2 | 0 | 5 | 2 | — | |
| Accruals for construction in progress | 0 | 267,000 | 0 | 0 | — | |
| Right of use assets obtained in exchange for lease liabilities | 730,000 | 2 | 695,000 | 2 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is RICHARDSON ELECTRONICS, LTD.'s CIK number?
RICHARDSON ELECTRONICS, LTD.'s SEC CIK number is 0000355948 (355948). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find RICHARDSON ELECTRONICS, LTD.'s SEC filings?
All of RICHARDSON ELECTRONICS, LTD.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did RICHARDSON ELECTRONICS, LTD. last report earnings?
RICHARDSON ELECTRONICS, LTD. (RELL) most recently filed an earnings 8-K with the SEC on Apr 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-147753). This is RICHARDSON ELECTRONICS, LTD.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is RICHARDSON ELECTRONICS, LTD.'s most recent earnings 8-K?
RICHARDSON ELECTRONICS, LTD.'s latest earnings 8-K (Item 2.02) was filed Apr 8, 2026 under accession 0001193125-26-147753. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View RICHARDSON ELECTRONICS, LTD.'s latest earnings 8-K →
Look up any company's CIK number →