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Daktronics, Inc. designs, manufactures, and sells electronic scoreboards, programmable display systems, and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments. The company offers video display and walls; scoreboards and timing systems; LED message displays and sings; intelligent transportation systems dynamic message signs; mass transit display; sound systems; and digital billboards and street furniture, and digit and price displays. It also provides indoor dynamic messaging systems; and software and controllers, which includes Venus, a control suite software to control the creation of messages and graphic sequences for uploading to displays. The company serves out-of-home companies, retailers, quick-serve restaurants, casinos, shopping centers, cruise ships, commercial building owners, petroleum retailers, governmental transportation departments, transportation industry contractors, airlines, and sports and commercial business facilities. It sells its products through direct sales and resellers. Daktronics, Inc. was incorporated in 1968 and is headquartered in Brookings, South Dakota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $756M | $17M | $-10M | $78M | -3.7% | -7.5% | -129.2% |
| 2024 | $818M | $77M | $35M | $46M | 14.5% | 8.5% | 409.0% |
| 2023 | $754M | $31M | $7M | $-10M | 3.4% | 23.4% | 1049.0% |
| 2022 | $611M | $19M | $1M | $-47M | 0.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 610.97 | 754.20 | 818.08 | 756.48 |
| Operating Revenue | 610.97 | 754.20 | 818.08 | 756.48 |
| Cost Of Revenue | 494.27 | 602.84 | 595.64 | 560.99 |
| Gross Profit | 116.70 | 151.35 | 222.44 | 195.49 |
| Operating Expense | 112.65 | 125.39 | 135.33 | 177.85 |
| Research And Development | 29.01 | 29.99 | 35.74 | 38.86 |
| Selling General And Administration | 83.64 | 95.40 | 99.59 | 123.51 |
| Total Expenses | 606.92 | 728.23 | 730.97 | 738.84 |
| Operating Income | 4.05 | 25.96 | 87.12 | 17.64 |
| Total Operating Income As Reported | 4.05 | 21.39 | 87.12 | 33.12 |
| EBITDA | 19.44 | 31.38 | 76.74 | 16.57 |
| Normalized EBITDA | 19.67 | 39.95 | 86.17 | 15.91 |
| EBIT | 4.05 | 14.38 | 57.45 | -2.98 |
| Interest Income | - | 0.21 | 1.53 | 5.83 |
| Interest Expense | - | 1.13 | 3.40 | 2.87 |
| Net Interest Income | 0.17 | -0.92 | -3.42 | 1.35 |
| Other Non Operating Income Expenses | 0.09 | 0.12 | -16.45 | -22.44 |
| Other Income Expense | -3.11 | -11.79 | -29.65 | -24.84 |
| Interest Income Non Operating | - | 0.21 | 1.53 | 5.83 |
| Interest Expense Non Operating | - | 1.13 | 3.40 | 2.87 |
| Net Non Operating Interest Income Expense | 0.17 | -0.92 | -3.42 | 1.35 |
| Pretax Income | 1.11 | 13.26 | 54.05 | -5.85 |
| Tax Provision | 0.52 | 6.46 | 19.43 | 4.27 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | -0.05 | -1.80 | -3.39 | 0.14 |
| Net Income Continuous Operations | 0.59 | 6.80 | 34.62 | -10.12 |
| Net Income From Continuing And Discontinued Operation | 0.59 | 6.80 | 34.62 | -10.12 |
| Net Income From Continuing Operation Net Minority Interest | 0.59 | 6.80 | 34.62 | -10.12 |
| Net Income | 0.59 | 6.80 | 34.62 | -10.12 |
| Net Income Common Stockholders | 0.59 | 6.80 | 34.62 | -10.12 |
| Net Income Including Noncontrolling Interests | 0.59 | 6.80 | 34.62 | -10.12 |
| Normalized Income | 0.77 | 13.57 | 40.66 | -10.64 |
| Diluted NI Availto Com Stockholders | 0.59 | 6.80 | 34.62 | -10.12 |
| Basic Average Shares | 45.19 | 45.40 | 45.90 | 47.59 |
| Diluted Average Shares | 45.33 | 45.52 | 46.54 | 47.59 |
| Reconciled Depreciation | 15.39 | 16.99 | 19.29 | 19.55 |
| Reconciled Cost Of Revenue | 494.27 | 602.84 | 595.64 | 560.99 |
| Total Unusual Items | -0.23 | -8.57 | -9.43 | 0.66 |
| Total Unusual Items Excluding Goodwill | -0.23 | -8.57 | -9.43 | 0.66 |
| Special Income Charges | 0 | -9.05 | -9.71 | 0 |
| Write Off | 0 | 4.47 | 9.71 | 0 |
| Impairment Of Capital Assets | 0 | 4.58 | 0 | 0 |
| Gain On Sale Of Security | -0.23 | 0.48 | 0.28 | 0.66 |
| General And Administrative Expense | 32.56 | 38.75 | 42.63 | 63.50 |
| Other Gand A | 32.56 | 38.75 | 42.63 | 63.50 |
| Total Other Finance Cost | -0.17 | 0.92 | 1.55 | 1.61 |
| Provision For Doubtful Accounts | - | 0 | 0 | 15.48 |
| Selling And Marketing Expense | 51.08 | 56.66 | 56.95 | 60.01 |
| Earnings From Equity Interest | -2.97 | -3.33 | -3.76 | -3.05 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Daktronics, Inc.this co. | DAKT | $950M | -93.83 | 3.49 | -3.7% | 50.46 |
| Amplitude, Inc. | AMPL | $1.0B | - | 4.19 | -36.1% | - |
| indie Semiconductor, Inc. | INDI | $1.0B | -7.09 | 2.83 | -40.0% | -13.15 |
| Rezolve AI PLC | RZLV | $1.0B | -9.87 | 4.06 | -41.1% | -9.64 |
| NCR Voyix Corporation | VYX | $978M | 15.78 | 1.03 |
| 6.5% |
| 7.97 |
| ScanSource, Inc. | SCSC | $964M | 13.48 | 1.06 | 7.9% | 7.43 |
| Donnelley Financial Solutions, Inc. | DFIN | $962M | 29.69 | 2.54 | 8.5% | 9.06 |
| ZoomInfo Technologies Inc. | GTM | $893M | 7.19 | 0.59 | 8.2% | 7.02 |
| Cricut, Inc. | CRCT | $867M | 11.30 | 2.52 | 22.3% | 4.54 |
| Peer Median | - | 11.30 | 2.53 | 7.2% | 7.02 | |