Aehr Test Systems cash flow statement AEHR

Annual Quarterly

In fiscal 2026, which ended May 29, 2026, Aehr Test Systems used $3.3 million of cash from operations, up 55.3% from the year before. It spent $2.1 million on capital expenditures. Free cash flow was negative, at -$5.4 million.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2026 May 29, 2026	FY 2025 May 30, 2025	FY 2024 May 31, 2024	FY 2023 May 31, 2023	FY 2022 May 31, 2022	FY 2021 May 31, 2021	FY 2020 May 31, 2020	FY 2019 May 31, 2019	FY 2018 May 31, 2018	FY 2017 May 31, 2017
Operating
Depreciation and amortization	3 +21.1%	2 +251.9%	1 +46.0%	0 +26.4%	0 +8.5%	0 -14.6%	0 -10.9%	0 +3.4%	0 +53.9%	0 +33.5%
Stock-based compensation	7 +31.0%	5 +105.0%	3 -8.4%	3 -8.6%	3 +173.0%	1 +21.0%	1 +0.6%	1 -9.1%	1 -0.3%	1 -1.7%
Operating cash flow	-3 +55.3%	-7 -521.4%	2 -82.5%	10 +563.9%	2 +155.8%	-3 -33.4%	-2 +64.1%	-6 -317.2%	-1 +69.9%	-4 +28.4%
Investing
Capital expenditures	2 -58.6%	5 +566.5%	1 -45.0%	1 +227.4%	0 +83.3%	0 +39.3%	0 -5.8%	0 -69.8%	1 +19.9%	0 -48.1%
Investing cash flow	-4 +75.9%	-16 -193.1%	17 +192.5%	-19 -4384.6%	-0 -83.3%	-0 -39.3%	-0 +5.8%	-0 +69.8%	-1 -19.9%	-0 +48.1%
Financing
Debt issued	—	—	—	—	0	0 -100.0%	2	—	—	—
Financing cash flow	97 +15453.8%	1 +349.6%	0 -98.1%	7 -71.6%	26 +1214.3%	2 -9.8%	2 +139.1%	-6 -700.1%	1 -95.8%	22 +771.3%
Change in cash
Effect of exchange rate	-0 -146.2%	0 +131.7%	-0 -10.8%	-0	—	—	—	—	—	—
Net change in cash	90 +494.4%	-23 -219.5%	19 +1504.8%	-1 -105.1%	27 +3261.2%	-1 -17120.0%	0	—	—	—
Free cash flow	-5 +56.6%	-12 -1330.6%	1 -88.4%	9 +692.0%	1 +137.3%	-3 -33.9%	-2 +62.4%	-6 -202.1%	-2 +61.3%	-5 +30.9%
Per share
Free cash flow per share	-0.18 +58.2%	-0.42 -1332.1%	0.03 -88.5%	0.30 +653.0%	0.04 +131.5%	-0.12 -30.6%	-0.10 +100.0%	-259.53 -207.5%	-84.41 +72.4%	-305.65 -55473.0%
Ratios
Free cash flow margin	-10.75%	-21.01%	1.52%	13.31%	2.15%	-17.64%	-9.81%	-27.59%	-6.51%	-26.31%
Capital expenditures to revenue	4.13%	8.47%	1.13%	2.10%	0.82%	1.37%	0.73%	0.82%	1.94%	2.52%
Stock-based compensation to revenue	13.52%	8.75%	3.80%	4.23%	5.91%	6.63%	4.08%	4.30%	3.37%	5.29%
Cash conversion	—	—	0.05x	0.69x	0.16x	—	—	—	-2.56x	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Instruments For Meas & Testing of Electricity & Elec Signals (SIC 3825)
Listed as: AEHR (Nasdaq)
Fiscal year ends: December 31
Incorporated in: CA
Headquarters: Fremont, CA
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1040470

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.