AEHR
$61.99-2.12%
Aehr Test SystemsStock · TechnologyRussell 2000 · 0.09% of IWMUS Stock Market · 0.004% of VTIRussell 3000 · 0.003% of IWVNasdaq Composite · 0.003% of ONEQ
AEHR financial statements
The full income statement, balance sheet, and cash-flow statement for Aehr Test Systems (AEHR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-05 29.0M2024-08 29.6M2024-11 29.7M2025-02 29.8M2025-05 29.9M2025-08 30.0M2025-11 30.6M2026-02 31.5M2026-05 32.6M+12.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|---|
| Income Statement | as ofMay 29 ’26 | as ofMay 30 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | as ofMay 31 ’21 | |
| Revenue | 50.0M-15.2% | 59.0M-10.9% | 66.2M+1.9% | 65.0M+27.8% | 50.8M+206.2% | 16.6M-25.5% | |
| 17.7M-26.2% | 23.9M-26.5% | 32.5M-0.6% | 32.7M+38.4% | 23.7M+292.3% | 6.03M-27.9% | ||
| Cost of revenue | 32.4M-7.7% | 35.0M+4.0% | 33.7M+4.5% | 32.2M+18.6% | 27.2M+157.0% | 10.6M-24.1% | |
| 31.8M+7.4% | 29.6M+31.8% | 22.5M+16.0% | 19.4M+22.1% | 15.9M+55.3% | 10.2M-8.3% | ||
| Research & development | 12.6M+20.7% | 10.5M+20.0% | 8.72M+22.2% | 7.13M+22.6% | 5.82M+59.3% | 3.65M+7.9% | |
| Selling, general & administrative | 19.2M+4.8% | 18.3M+33.0% | 13.7M+12.3% | 12.2M+21.8% | 10.0M+53.1% | 6.56M-12.9% | |
| Restructuring | 6.00K-99.3% | 864K | 0.00 | — | — | 0.00-100.0% | |
| Amortization of intangibles | 1.20M+0.0% | 1.20M | — | — | — | — | |
| Provision for credit losses | — | — | — | 24.0K | 0.00 | 0.00 | |
| Operating income | -14.1M-149.2% | -5.68M-156.3% | 10.1M-24.7% | 13.4M+71.5% | 7.80M+286.5% | -4.18M-51.2% | |
| Net interest income | 1.36M-2.9% | 1.40M-41.3% | 2.39M+91.8% | 1.25M+9476.9% | 13.0K+128.3% | -46.0K-560.0% | |
| Other non-operating income | 1.05M+7113.3% | -15.0K-87.5% | -8.00K-166.7% | -3.00K-110.0% | 30.0K+118.5% | -162K-1372.7% | |
| Pre-tax income | -11.7M-173.5% | -4.29M-134.4% | 12.5M-14.8% | 14.6M+53.2% | 9.54M+532.9% | -2.20M+20.3% | |
| Income tax | -4.61M-1110.0% | -381K+98.2% | -20.7M-34596.7% | 60.0K-34.1% | 91.0K+151.4% | -177K-391.7% | |
| -7.13M-82.3% | -3.91M-111.8% | 33.2M+127.8% | 14.6M+54.0% | 9.45M+566.2% | -2.03M+27.7% | ||
| Net income to non-controlling interest | — | — | — | — | — | 0.00 | |
| -$0.23-76.9% | -$0.13-111.6% | $1.12+124.0% | $0.50+47.1% | $0.34+477.8% | -$0.09+25.0% | ||
| EPS (basic) | -$0.23-76.9% | -$0.13-111.3% | $1.15+121.2% | $0.52+44.4% | $0.36+500.0% | -$0.09+25.0% | |
| Weighted-avg shares (basic) | 30.7M+3.7% | 29.6M+2.6% | 28.8M+3.7% | 27.8M+6.8% | 26.0M+10.9% | 23.5M+2.5% | |
| Weighted-avg shares (diluted) | 30.7M+3.7% | 29.6M-0.1% | 29.6M+1.4% | 29.2M+5.2% | 27.8M+18.4% | 23.5M+2.5% | |
| Balance Sheet | as ofMay 29 ’26 | as ofMay 30 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | as ofMay 31 ’21 | |
| 184M+107.8% | 88.8M-9.3% | 97.8M+9.9% | 89.0M+48.4% | 60.0M+212.8% | 19.2M+8.7% | ||
| Cash & equivalents | 116M+374.4% | 24.5M-50.1% | 49.2M+63.6% | 30.1M-4.5% | 31.5M+587.1% | 4.58M-15.7% | |
| Short-term investments | — | — | 0.00-100.0% | 17.9M | — | — | |
| Accounts receivable | — | — | — | — | 12.9M+147.2% | 5.20M+40.0% | |
| Inventory | 41.4M-1.5% | 42.0M+12.1% | 37.5M+56.7% | 23.9M+58.8% | 15.1M+70.1% | 8.85M+10.8% | |
| Prepaid expenses | 9.26M+14.9% | 8.06M+466.5% | 1.42M+129.1% | 621K+1.3% | 613K+11.3% | 551K+7.6% | |
| 247M+66.1% | 149M+16.1% | 128M+30.3% | 98.1M+57.5% | 62.3M+187.7% | 21.7M+5.3% | ||
| Property, plant & equipment | 8.94M-0.3% | 8.97M+175.7% | 3.25M+17.9% | 2.76M+129.3% | 1.20M+77.7% | 677K+2.1% | |
| Operating lease right-of-use | 8.90M-7.3% | 9.60M+67.4% | 5.73M-6.4% | 6.12M+567.7% | 917K-42.9% | 1.61M-23.8% | |
| Goodwill | 10.7M+0.0% | 10.7M | 0.00 | — | — | — | |
| Intangible assets | 9.55M-11.4% | 10.8M | 0.00 | — | — | — | |
| Deferred tax assets | 23.8M+24.7% | 19.1M-8.0% | 20.8M | 0.00 | — | — | |
| Other non-current assets | 305K-44.1% | 546K+79.6% | 304K+31.6% | 231K+14.9% | 201K+1.5% | 198K+29.4% | |
| 17.9M+14.2% | 15.6M+48.8% | 10.5M-35.6% | 16.3M+48.1% | 11.0M+21.6% | 9.06M+134.4% | ||
| Accounts payable | 6.75M+0.4% | 6.73M+26.2% | 5.33M-42.1% | 9.21M+119.5% | 4.20M+45.0% | 2.89M+206.1% | |
| Accrued liabilities | — | — | 3.37M-18.8% | 4.14M+14.8% | 3.61M+66.9% | 2.16M+50.3% | |
| Deferred revenue | 5.19M+162.1% | 1.98M+47.3% | 1.34M-52.3% | 2.82M | — | 162K | |
| Short-term & current debt | — | — | — | — | 0.00-100.0% | 1.68M+157.1% | |
| Current lease liability | 626K-31.1% | 909K+95.5% | 465K+239.4% | 137K-82.7% | 794K+7.7% | 737K+12.0% | |
| 27.2M+6.0% | 25.6M+57.1% | 16.3M-27.6% | 22.5M+98.8% | 11.3M+11.0% | 10.2M+56.7% | ||
| Long-term debt | — | — | — | — | — | 0.00-100.0% | |
| Deferred revenue (non-current) | 34.0K-5.6% | 36.0K-12.2% | 41.0K+32.3% | 31.0K-55.1% | 69.0K-30.3% | 99.0K+350.0% | |
| Non-current lease liability | 9.26M-6.7% | 9.92M+73.1% | 5.73M-7.0% | 6.16M+2807.1% | 212K-78.9% | 1.01M-37.3% | |
| Operating lease liability (total) | 9.88M-8.8% | 10.8M+74.8% | 6.20M-1.6% | 6.30M+526.2% | 1.01M-42.3% | 1.74M-22.9% | |
| Other non-current liabilities | 38.0K-9.5% | 42.0K+10.5% | 38.0K | — | 44.0K-10.2% | 49.0K | |
| 220M+78.7% | 123M+10.1% | 112M+47.6% | 75.6M+48.3% | 51.0M+345.4% | 11.4M-18.5% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 325K+8.7% | 299K+3.5% | 289K+1.4% | 285K+5.2% | 271K+14.3% | 237K+2.6% | |
| Additional paid-in capital | 249M+71.2% | 146M+11.6% | 131M+2.2% | 128M+8.6% | 118M+34.4% | 87.6M+1.9% | |
| Retained earnings | -30.2M-30.9% | -23.1M-20.4% | -19.1M+63.4% | -52.3M+21.8% | -66.9M+12.4% | -76.3M-2.7% | |
| Accumulated other comprehensive income | -105K+16.7% | -126K+20.3% | -158K-1.9% | -155K-47.6% | -105K-275.0% | -28.0K-101.3% | |
| Non-controlling interest | — | — | — | — | — | 0.00+100.0% | |
| Total equity incl. non-controlling | — | — | — | — | 51.0M+345.4% | 11.4M-18.5% | |
| Total liabilities & equity | 247M+66.1% | 149M+16.1% | 128M+30.3% | 98.1M+57.5% | 62.3M+187.7% | 21.7M+5.3% | |
| Common shares issued | 32.5M+8.7% | 29.9M+3.0% | 29.0M+1.6% | 28.5M+5.2% | 27.1M+14.3% | 23.7M | |
| Common shares outstanding | 32.5M+8.7% | 29.9M+3.0% | 29.0M+1.6% | 28.5M+5.2% | 27.1M+14.3% | 23.7M | |
| Shares outstanding (cover) | 32.6M+9.0% | 29.9M+3.1% | 29.0M+0.9% | 28.8M+5.2% | 27.3M+13.1% | 24.2M+3.8% | |
| Cash Flow | as ofMay 29 ’26 | as ofMay 30 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | as ofMay 31 ’21 | |
| -3.31M+55.3% | -7.40M-521.4% | 1.76M-82.5% | 10.0M+563.9% | 1.51M+155.8% | -2.70M-33.4% | ||
| Depreciation & amortization | 2.80M+21.1% | 2.31M+251.9% | 657K+46.0% | 450K+26.4% | 356K+8.5% | 328K-14.6% | |
| Intangible amortization | 1.20M+0.0% | 1.20M | — | — | — | — | |
| Share-based compensation | 6.76M+31.0% | 5.16M+105.0% | 2.52M-8.4% | 2.75M-8.6% | 3.01M+173.0% | 1.10M+21.0% | |
| Change in receivables | 3.31M+8.9% | 3.04M+144.7% | -6.79M-279.3% | 3.79M-51.6% | 7.83M+670.6% | -1.37M-218.3% | |
| Change in inventory | -11.0K-100.5% | 2.44M-82.2% | 13.7M+45.0% | 9.47M+41.9% | 6.67M+786.6% | -972K-183.5% | |
| Change in payables | 991K+238.8% | -714K+81.6% | -3.89M-177.1% | 5.04M+272.0% | 1.36M-27.8% | 1.88M+283.3% | |
| -3.87M+75.9% | -16.1M-193.1% | 17.3M+192.5% | -18.7M-4384.6% | -416K-83.3% | -227K-39.3% | ||
| Capital expenditure | 2.07M-58.6% | 4.99M+566.5% | 749K-45.0% | 1.36M+227.4% | 416K+83.3% | 227K+39.3% | |
| Free cash flow | -5.38M+56.6% | -12.4M-1330.6% | 1.01M-88.4% | 8.65M+692.0% | 1.09M+137.3% | -2.93M-33.9% | |
| Acquisitions | 1.80M-83.7% | 11.1M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | — | 0.00 | 0.00-100.0% | 33.3M | 0.00 | 0.00 | |
| Sales/maturities of investments | 0.00 | 0.00-100.0% | 18.0M | — | — | — | |
| 97.2M+15453.8% | 625K+349.6% | 139K-98.1% | 7.32M-71.6% | 25.8M+1214.3% | 1.96M-9.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 2.20M+56.1% | 1.41M-22.0% | 1.81M-29.5% | 2.56M-28.0% | 3.56M+513.8% | 580K+15.3% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -6.00K-146.2% | 13.0K+131.7% | -41.0K-10.8% | -37.0K-175.5% | 49.0K-58.1% | 117K+485.0% | |
| Net change in cash | 90.0M+494.4% | -22.8M-219.5% | 19.1M+1504.8% | -1.36M-105.1% | 26.9M+3261.2% | -851K-17120.0% | |
| Interest paid | 0.00 | 0.00 | 0.00-100.0% | 15.0K+25.0% | 12.0K+100.0% | 6.00K | |
| Income taxes paid | 60.0K-40.0% | 100K+11.1% | 90.0K+328.6% | 21.0K+425.0% | 4.00K-73.3% | 15.0K-64.3% | |
| Valuation Ratios | as ofMay 29 ’26 | as ofMay 30 ’25 | as ofMay 31 ’24 | as ofMay 31 ’23 | as ofMay 31 ’22 | as ofMay 31 ’21 | |
| Market cap | 3.01B+955.3% | 285M-14.5% | 334M-64.8% | 950M+314.4% | 229M+331.6% | 53.1M+39.8% | |
| P/E | — | — | 10.1×-84.6% | 65.2×+169.0% | 24.2× | — | |
| P/S | 60.2×+1144.6% | 4.8×-4.0% | 5.0×-65.5% | 14.6×+224.2% | 4.5×+8.1% | 4.2×+182.8% | |
| P/B | 13.7×+490.7% | 2.3×-22.4% | 3.0×-76.2% | 12.6×+179.5% | 4.5×-11.3% | 5.1×+121.0% | |
| P/FCF | — | — | 331.6×+202.0% | 109.8×-47.7% | 209.8× | — | |
| Earnings yield | — | — | 9.9%+547.7% | 1.5%-62.8% | 4.1% | — | |
| FCF yield | — | — | 0.30%-66.9% | 0.91%+91.1% | 0.48% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AEHR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AEHR filings on SEC EDGAR → Not investment advice.