M-tron Industries, Inc.

M-tron Industries, Inc. reported strong financial performance for fiscal year 2025, with total revenues of $54.4 million, representing an 11.0% increase from $49.0 million in 2024. Net income grew to $8.4 million, up 10.6% from $7.6 million in the prior year. The company generated $10.7 million in net cash from operating activities, a significant increase from $7.5 million in 2024. Key drivers included growth across all major markets, with aerospace and defense remaining the largest segment at 65.2% of revenue. The company's order backlog increased substantially to $76.4 million as of December 31, 2025, compared to $47.2 million at the end of 2024, indicating strong future demand. Total assets grew to $68.4 million from $36.6 million, largely due to warrant exercise proceeds.

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