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BUTLER NATIONAL CORP
$4.70 up 0.06 (1.29%)Price as of Oct 15, 2026 at 17:33 UTC
Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
29.0%Operating margin3
22.4%Net margin3
16.7%Revenue growth, 20263
26.8%Return on equity3
0.30×Debt to equity3
$19.2MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Aircraft Modification brought in 38% of the revenue BUTLER NATIONAL CORP broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Aircraft Modification | $29.6M | $37.2M |
| Casino | $27.9M | $26.7M |
| Special Mission Electronics | $12.7M | $19.2M |
| Sportsbook | $5.8M | $6.5M |
| Casino Non-gaming | $4.6M | $4.2M |
| Aircraft Avionics | $3.4M | $4.2M |
Business segments
Aerospace Products brought in 62% of the revenue BUTLER NATIONAL CORP broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2025 | 2026 |
|---|---|---|
| Aerospace Products | $45.7M | $60.6M |
| Professional Services | $38.3M | $37.4M |
Regions
North America brought in 88% of the revenue BUTLER NATIONAL CORP broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| North America | $65.5M | $85.8M |
| Europe | $14.3M | $8.0M |
| Asia | $3.7M | $3.9M |
| Australia And Other | $501.0K | $272.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Research and development1¢$1.5M
- Other costs67¢$65.3M
- Interest2¢$1.9M
- Income tax8¢$7.4M
- Profit22¢$21.9M
Out of $98.0M in revenue.3
Where each dollar of operating cash went, fiscal 2026
- Capital spending25¢$6.5M
- Share buybacks21¢$5.5M
- Kept or used elsewhere53¢$13.8M
Out of $25.8M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2026-04-30 | 2025-04-30 |
|---|---|---|
| Total revenues | $98.0M | $84.0M |
| Marketing and advertising | $3.6M | $3.7M |
| General, administrative and other | $18.1M | $17.5M |
| Total costs and expenses | $69.5M | $67.1M |
| OPERATING INCOME | $28.5M | $16.8M |
| Interest expense | -$1.9M | -$2.2M |
| Interest income | $900.0K | $506.0K |
| Gain on sale of airplanes | $403.0K | $248.0K |
| Gain on sale of land and buildings | $1.5M | $274.0K |
| Gain on sale of product line | $0 | $1.0M |
| Total other income (expense) | $847.0K | -$109.0K |
| INCOME BEFORE INCOME TAXES | $29.3M | $16.7M |
| Provision for income taxes | $7.4M | $4.2M |
| NET INCOME | $21.9M | $12.6M |
| BASIC EARNINGS PER COMMON SHARE ATTRIBUTABLE TO BUTLER NATIONAL CORPORATION (in dollars per share) | $0.34 | $0.19 |
| WEIGHTED AVERAGE SHARES USED IN PER SHARE CALCULATION (in shares) | 65.0M shares | 67.8M shares |
| DILUTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO BUTLER NATIONAL CORPORATION (in dollars per share) | $0.34 | $0.19 |
| WEIGHTED AVERAGE SHARES USED IN PER SHARE CALCULATION (in shares) | 65.0M shares | 67.8M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2026-04-30 | 2025-04-30 |
|---|---|---|
| Cash and cash equivalents | $35.1M | $25.2M |
| Accounts receivable, net | $14.0M | $5.9M |
| Inventory, net | $13.1M | $10.9M |
| Contract asset | $1.6M | $3.0M |
| Prepaid expenses and other current assets | $3.5M | $1.8M |
| Income tax receivable | $0 | $531.0K |
| Total current assets | $67.3M | $47.3M |
| LEASE RIGHT-TO-USE ASSET, net | $3.2M | $3.4M |
| PROPERTY, PLANT AND EQUIPMENT, net | $58.0M | $60.3M |
| SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $13,499 at April 30, 2026 and $12,145 at April 30, 2025) | $10.0M | $9.2M |
| Other assets (net of accumulated amortization of $13,069 at April 30, 2026 and $12,461 at April 30, 2025) | $1.0M | $1.1M |
| Deferred tax asset, net | $2.4M | $2.1M |
| Total other assets | $3.4M | $3.1M |
| Total assets | $141.8M | $123.3M |
| Accounts payable | $13.1M | $8.6M |
| Current maturities of long-term debt | $4.9M | $5.3M |
| Current maturities of lease liability | $132.0K | $121.0K |
| Contract liability | $5.2M | $5.5M |
| Gaming facility mandated payment | $1.6M | $1.7M |
| Compensation and compensated absences | $3.5M | $2.7M |
| Income tax payable | $2.8M | $0 |
| Other current liabilities | $179.0K | $502.0K |
| Total current liabilities | $31.4M | $24.4M |
| Long-term debt, net of current maturities | $24.6M | $29.9M |
| Lease liability, net of current maturities | $3.8M | $3.9M |
| Total long-term liabilities | $28.4M | $33.8M |
| Total liabilities | $59.9M | $58.2M |
| Preferred stock, par value $5: Authorized 50,000,000 shares, all classes; Designated Classes A and B 200,000 shares; no shares issued and outstanding | $0 | $0 |
| Common stock, par value $.01: Authorized 100,000,000 shares, issued 80,009,834 shares, and outstanding 64,085,548 shares at April 30, 2026 and issued 79,772,345 shares, and outstanding 67,180,527 shares at April 30, 2025 | $800.0K | $798.0K |
| Capital contributed in excess of par | $14.7M | $14.2M |
| Treasury stock at cost, 15,924,286 shares at April 30, 2026 and 12,591,818 shares at April 30, 2025 | -$14.9M | -$9.5M |
| Retained earnings | $81.5M | $59.5M |
| Total stockholders' equity | $82.0M | $65.1M |
| Total liabilities and stockholders' equity | $141.8M | $123.3M |
| Supplemental type certificates, accumulated amortization | $13.5M | $12.1M |
| Other assets, accumulated amortization | $13.1M | $12.5M |
| Preferred stock, par value (in dollars per share) | $5.00 | $5.00 |
| Preferred stock, shares authorized (in shares) | 50.0M shares | 50.0M shares |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares |
| Common stock, shares, issued (in shares) | 80.0M shares | 79.8M shares |
| Common stock, shares, outstanding (in shares) | 64.1M shares | 67.2M shares |
| Treasury stock, shares (in shares) | 15.9M shares | 12.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2026-04-30 | 2025-04-30 |
|---|---|---|
| Net income | $21.9M | $12.6M |
| Depreciation and amortization | $6.9M | $6.7M |
| Stock awarded to director | $213.0K | $61.0K |
| Deferred income tax expense (benefit) | -$305.0K | -$157.0K |
| Gain on sale of airplanes | -$403.0K | -$248.0K |
| Gain on sale of land and buildings | -$1.5M | -$274.0K |
| Gain on sale of product line | $0 | -$1.0M |
| Supplemental type certificates work in progress adjustment | $607.0K | $529.0K |
| Deferred compensation, restricted stock | $196.0K | $320.0K |
| Accounts receivable | -$7.5M | -$91.0K |
| Inventory | -$2.2M | -$1.4M |
| Contract asset | $1.4M | $819.0K |
| Prepaid expenses and other assets | -$1.7M | -$77.0K |
| Accounts payable | $4.5M | $3.3M |
| Contract liability | -$336.0K | -$392.0K |
| Lease liability | $224.0K | $220.0K |
| Accrued liabilities | $868.0K | $731.0K |
| Gaming facility mandated payment | -$113.0K | -$158.0K |
| Income tax payable | $3.4M | -$3.4M |
| Other liabilities | -$323.0K | $309.0K |
| Net cash provided by operating activities | $25.8M | $18.4M |
| Capital expenditures | -$6.5M | -$8.3M |
| Proceeds from sale of airplanes | $403.0K | $294.0K |
| Proceeds from sale of land and buildings | $1.8M | $1.1M |
| Proceeds from sale of product line | $0 | $1.5M |
| Net cash used in investing activities | -$4.4M | -$5.4M |
| Borrowings of long-term debt | $0 | $2.0M |
| Repayments of long-term debt | -$5.8M | -$5.0M |
| Payments on right-to-use liability | -$271.0K | -$268.0K |
| Repurchase of common stock | -$5.5M | -$2.3M |
| Net cash used in financing activities | -$11.5M | -$5.6M |
| NET INCREASE IN CASH | $9.9M | $7.4M |
| Interest paid | $1.9M | $2.2M |
| Income taxes paid | $4.3M | $7.7M |
| Notes receivable from sale of land and buildings | $600.0K | $0 |
| Lease right-to-use assets purchased | $0 | $672.0K |
| Lease liability for purchase of assets under lease | $0 | $672.0K |
Recent filings
- Oct 7, 20268-K
- Oct 2, 20268-K
- Oct 2, 20264 PRIMARY DOCUMENT
- Sep 30, 20268-K
- Sep 22, 20264 PRIMARY DOCUMENT
- Sep 21, 20264 PRIMARY DOCUMENT
- Sep 21, 20264
- Sep 21, 20264
- Sep 21, 20264
- Sep 17, 20264 PRIMARY DOCUMENT
- Sep 16, 20264 PRIMARY DOCUMENT
- Sep 16, 20264
- Sep 11, 202610-Q
- Sep 11, 20268-K
- Aug 20, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 2Yahoo FinanceBUKS quote
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