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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 |
| 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 |
| Operating Income | 4.05 | 25.96 | 87.11 | 17.64 |
| EBITDA | 19.44 | 31.38 | 76.74 | 16.57 |
| EBIT | 4.05 | 14.38 | 57.45 | -2.98 |
| Pretax Income | 1.11 | 13.26 | 54.05 | -5.85 |
| Tax Provision | 0.52 | 6.46 | 19.43 | 4.27 |
| Net Income | 0.59 | 6.80 | 34.62 | -10.12 |
| Net Income Common Stockholders | 0.59 | 6.80 | 34.62 | -10.12 |
| Total Expenses | 606.92 | 728.23 | 730.97 | 738.84 |
| Interest Expense | 0 | 1.13 | 3.40 | 2.87 |
| Interest Income | 0 | 0.21 | 1.53 | 5.83 |
| Research And Development | 29.01 | 29.99 | 35.74 | 38.86 |
| Selling General And Administration | 83.64 | 95.40 | 99.59 | 123.51 |
| Normalized EBITDA | 19.67 | 39.95 | 86.17 | 15.91 |
| Normalized Income | 0.77 | 13.57 | 40.66 | -10.64 |
| Basic EPS | 0.01 | 0.15 | 0.75 | -0.21 |
| Diluted EPS | 0.01 | 0.15 | 0.74 | -0.21 |
| Tax Effect Of Unusual Items | -0.05 | -1.80 | -3.39 | 0.14 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.36 | 0.21 |
| Total Unusual Items | -0.23 | -8.57 | -9.43 | 0.66 |
| Total Unusual Items Excluding Goodwill | -0.23 | -8.57 | -9.43 | 0.66 |
| Net Income From Continuing Operation Net Minority Interest | 0.59 | 6.80 | 34.62 | -10.12 |
| Reconciled Depreciation | 15.39 | 16.99 | 19.29 | 19.55 |
| Reconciled Cost Of Revenue | 494.27 | 602.84 | 595.64 | 560.99 |
| Net Interest Income | 0.17 | -0.92 | -3.42 | 1.35 |
| Net Income From Continuing And Discontinued Operation | 0.59 | 6.80 | 34.62 | -10.12 |
| Total Operating Income As Reported | 4.05 | 21.39 | 87.11 | 33.12 |
| Diluted Average Shares | 45.33 | 45.52 | 46.54 | 47.59 |
| Basic Average Shares | 45.19 | 45.40 | 45.90 | 47.59 |
| Diluted NI Availto Com Stockholders | 0.59 | 6.80 | 34.62 | -10.12 |
| Net Income Including Noncontrolling Interests | 0.59 | 6.80 | 34.62 | -10.12 |
| Net Income Continuous Operations | 0.59 | 6.80 | 34.62 | -10.12 |
| Other Income Expense | -3.11 | -11.79 | -29.65 | -24.84 |
| Other Non Operating Income Expenses | 0.09 | 0.12 | -16.45 | -22.44 |
| 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 |
| Earnings From Equity Interest | -2.97 | -3.33 | -3.76 | -3.05 |
| Gain On Sale Of Security | -0.23 | 0.48 | 0.28 | 0.66 |
| Net Non Operating Interest Income Expense | 0.17 | -0.92 | -3.42 | 1.35 |
| Total Other Finance Cost | -0.17 | 0.92 | 1.55 | 1.61 |
| Interest Expense Non Operating | 0 | 1.13 | 3.40 | 2.87 |
| Interest Income Non Operating | 0 | 0.21 | 1.53 | 5.83 |
| Provision For Doubtful Accounts | 0 | 0 | 0 | 15.48 |
| Selling And Marketing Expense | 51.08 | 56.66 | 56.95 | 60.01 |
| General And Administrative Expense | 32.56 | 38.75 | 42.63 | 63.50 |
| Other Gand A | 32.56 | 38.75 | 42.63 | 63.50 |
| Operating Revenue | 610.97 | 754.20 | 818.08 | 756.48 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Daktronics, Inc.this co. | DAKT | $928M | 34.62↑ premium | 3.13 | -3.7% | 9.89 |
| Rezolve AI PLC | RZLV | $981M | - | 3.35 | -41.1% | -10.09 |
| Amplitude, Inc. | AMPL | $952M | - | 3.92 | -36.1% | -8.40 |
| ScanSource, Inc. | SCSC | $947M | 12.40 | 0.98 | 7.9% | 6.85 |
| EFOR | EFOR | $943M | 10.19 | - |
| 6.3% |
| 6.33 |
| Aeva Technologies, Inc. | AEVA | $928M | - | 68.56 | -1100.5% | -7.43 |
| Cricut, Inc. | CRCT | $906M | 12.23 | 2.63 | 22.3% | 6.35 |
| indie Semiconductor, Inc. | INDI | $862M | - | 2.33 | -37.3% | -10.48 |
| LSI Industries Inc. | LYTS | $840M | 30.97 | 2.77 | 10.6% | 17.77 |
| Peer Median | - | 12.31 | 2.77 | -14.9% | -0.55 | |