Overview
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- TickerMTRX on Nasdaq1
- IndustryConstruction - Special Trade Contractors1
- HeadquartersHerzliya1
- Founded inIsrael1
- Websitewww.matrix.co.il
- Legal formlimited company1
- Incorporated inDE5
- Business address15 East 5Th Street, Suite 1100, Tulsa, Ok 741035
- Filer categoryAccelerated filer5
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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
7.3%Gross margin4
-1.1%Operating margin4
-0.3%Net margin4
13.6%Revenue growth, 20264
-1.8%Return on equity4
$1.4MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Storage and Terminal Solutions brought in 52% of the revenue Matrix It Ltd. broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2024 | 2025 | 2026 |
|---|---|---|---|
| Storage and Terminal Solutions | $276.8M | $365.9M | $458.3M |
| Utility And Power Infrastructure | $183.9M | $248.7M | $283.4M |
| Process and Industrial Facilities | $266.3M | $154.7M | $131.9M |
Regions
United States brought in 95% of the revenue Matrix It Ltd. broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $662.4M | $719.4M | $828.1M |
| Canada | $56.4M | $41.2M | $38.4M |
| Other international | $9.3M | $8.7M | $7.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue93¢$809.7M
- Selling, general and admin7¢$63.6M
- Interest0¢$437.0K
- Income tax0¢$356.0K
Out of $873.6M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2026
- Capital spending79¢$5.5M
- Kept or used elsewhere21¢$1.4M
Out of $6.9M of cash from operations.4
Financial statements
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Revenue | $873.6M | $769.3M | $728.2M |
| Cost of revenue | $809.7M | $729.6M | $687.7M |
| Gross profit | $64.0M | $39.7M | $40.5M |
| Selling, general and administrative expenses | $63.6M | $71.2M | $70.1M |
| Restructuring costs and other | $10.0M | $3.6M | $501.0K |
| Operating loss | -$9.6M | -$35.1M | -$30.1M |
| Interest expense | -$437.0K | -$518.0K | -$1.1M |
| Interest income | $7.7M | $6.7M | $1.3M |
| Other (Note 3) | $114.0K | -$64.0K | $4.9M |
| Income (Loss) Attributable to Parent, before Tax | -$2.2M | -$29.0M | -$25.0M |
| Provision (benefit) for federal, state and foreign income taxes | $356.0K | $464.0K | -$36.0K |
| Net Income (Loss) Attributable to Parent | -$2.6M | -$29.5M | -$25.0M |
| Basic loss per common share | -$0.09 | -$1.06 | -$0.91 |
| Diluted loss per common share | -$0.09 | -$1.06 | -$0.91 |
| Basic (in shares) | 28.3M shares | 27.8M shares | 27.4M shares |
| Diluted (in shares) | 28.3M shares | 27.8M shares | 27.4M shares |
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Cash and cash equivalents | $223.0M | $224.6M | |
| Accounts receivable, net of allowance for credit losses | $172.0M | $155.0M | |
| Costs and estimated earnings in excess of billings on uncompleted contracts | $29.2M | $29.8M | |
| Inventories | $6.2M | $5.9M | |
| Income taxes receivable | $82.0K | $110.0K | |
| Prepaid expenses and other current assets | $4.3M | $4.3M | |
| Disposal Group, Including Discontinued Operation, Assets, Current | $948.0K | ||
| Total current assets | $435.6M | $419.8M | |
| Restricted cash | $25.0M | $25.0M | |
| Property, plant and equipment, net | $36.3M | $42.1M | |
| Operating lease right-of-use assets | $14.8M | $17.8M | |
| Goodwill | $28.9M | $29.0M | $29.0M |
| Other intangible assets, net of accumulated amortization | $0 | $555.0K | |
| Other assets, non-current (Note 2) | $62.0M | $66.0M | |
| Total assets | $602.6M | $600.3M | |
| Accounts payable | $108.7M | $80.5M | |
| Billings on uncompleted contracts in excess of costs and estimated earnings | $299.9M | $323.6M | |
| Accrued wages and benefits | $19.2M | $19.0M | |
| Accrued insurance | $4.4M | $5.3M | |
| Operating lease liabilities | $4.4M | $4.4M | |
| Other accrued expenses | $5.8M | $3.6M | |
| Total current liabilities | $442.4M | $436.4M | |
| Deferred income taxes | $22.0K | $25.0K | |
| Operating lease liabilities | $15.1M | $17.0M | |
| Other liabilities, non-current | $3.2M | $4.2M | |
| Total liabilities | $460.8M | $457.5M | |
| Common Stock, Shares, Outstanding | 27.6M shares | ||
| Common Stock, Shares, Issued | 28.1M shares | ||
| Common stock, par value | $0.01 | ||
| Common stock0.01 par value; 60,000,000 shares authorized; 28,133,850 shares issued and outstanding as of June 30, 2026; 27,888,217 shares issued and 27,610,486 shares outstanding as of June 30, 2025, respectively | $281.0K | $279.0K | |
| Additional paid-in capital | $150.5M | $150.0M | |
| Retained earnings | $1.9M | $4.5M | |
| Accumulated other comprehensive loss | -$10.8M | -$9.4M | |
| Treasury stock, at cost; 0 and 277,731 shares as of June 30, 2026 and June 30, 2025; | $0 | -$2.6M | |
| Total stockholders' equity | $141.9M | $142.7M | $164.2M |
| Total liabilities and stockholders' equity | $602.6M | $600.3M | |
| Common stock, shares authorized | 60.0M shares | ||
| Treasury Stock, Shares | 0 shares | 277.7K 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.4
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Net loss | -$2.6M | -$29.5M | -$25.0M |
| Depreciation and amortization | $8.6M | $10.0M | $11.0M |
| Stock-based compensation expense | $7.1M | $8.9M | $7.7M |
| Restructuring, Settlement and Impairment Provisions | $2.9M | ||
| Gain on sale of property, plant and equipment | -$606.0K | $8.0K | -$4.9M |
| Other | $146.0K | $234.0K | $1.4M |
| Accounts receivable | -$11.3M | -$48.8M | -$12.1M |
| Costs and estimated earnings in excess of billings on uncompleted contracts | $533.0K | $4.1M | $11.0M |
| Inventories | -$273.0K | $2.9M | -$1.4M |
| Other assets and liabilities | -$2.4M | -$2.3M | $3.9M |
| Accounts payable | $27.7M | $14.8M | -$10.4M |
| Billings on uncompleted contracts in excess of costs and estimated earnings | -$23.6M | $152.3M | $85.9M |
| Accrued expenses | $560.0K | $4.7M | $5.4M |
| Cash Provided by (Used in) Operating Activity, Continuing Operation, Total | $6.9M | $117.5M | $72.6M |
| Capital expenditures | -$5.5M | -$7.7M | -$7.0M |
| Proceeds from asset sales (Note 3) | $1.9M | $240.0K | $6.0M |
| Cash Provided by (Used in) Investing Activity, Continuing Operation, Total | -$3.5M | -$7.4M | -$945.0K |
| Advances under asset-backed credit facility | $0 | $0 | $10.0M |
| Repayments of advances under asset-backed credit facility | $0 | $0 | -$20.0M |
| Payment of debt amendment fees | -$149.0K | $0 | -$100.0K |
| Proceeds from Stock Plans | $202.0K | $195.0K | $184.0K |
| Repurchase of common stock for payment of statutory taxes due on equity-based compensation | -$4.2M | -$1.2M | -$456.0K |
| Net cash provided (used) by financing activities | -$4.2M | -$1.0M | -$10.4M |
| Effect of exchange rate changes on cash | -$871.0K | $40.0K | -$451.0K |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Continuing Operation | -$1.7M | $109.0M | $60.8M |
| Cash received during the period for income taxes | $312.0K | $328.0K | -$165.0K |
| Cash paid during the period for interest | $378.0K | $395.0K | $880.0K |
| Purchases of property, plant and equipment on account | $129.0K | $130.0K | $140.0K |
Subsidiaries and ownership
Parent company
From Wikidata.1
Timeline
- 2001Founded Founded in Israel1
Recent filings
- Sep 23, 2026DEF 14A
- Sep 23, 2026DEFA14A
- Sep 23, 2026ARS
- Sep 14, 20263
- Sep 4, 20263
- Sep 4, 20264
- Sep 3, 202610-K
- Sep 2, 20268-K
- Aug 31, 20264
- Aug 31, 20264
- Aug 31, 20264
- Aug 27, 20264
- Aug 27, 20264
- Jul 2, 20268-K
- Jun 15, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.matrix.co.il1
- Websitewww.matrix.co.il1
- WikidataQ6963295
- SEC EDGARCIK 866273
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMatrix It Ltd. on Wikidata
- 2SEC EDGARMatrix It Ltd. filings on SEC EDGAR
- 3Company websiteMatrix It Ltd. logo
- 4SEC EDGARMatrix It Ltd. 10-K for fiscal 2026
- 5SEC EDGARMatrix It Ltd. filings on SEC EDGAR
- 6Wikimedia CommonsMatrix It Ltd. photo by User:Ranbar, CC BY-SA 3.0
- 7SEC EDGARMatrix It Ltd. 10-K for fiscal 2019
- 8SEC EDGARMatrix It Ltd. 10-K for fiscal 2020
- 9SEC EDGARMatrix It Ltd. 10-K for fiscal 2021
- 10SEC EDGARMatrix It Ltd. 10-K for fiscal 2022
- 11SEC EDGARMatrix It Ltd. 10-K for fiscal 2023
- 12SEC EDGARMatrix It Ltd. 10-Q for fiscal 2025
- 13SEC EDGARMatrix It Ltd. 10-Q for fiscal 2025
- 14SEC EDGARMatrix It Ltd. 10-Q for fiscal 2026
- 15SEC EDGARMatrix It Ltd. 10-K for fiscal 2019