ReposiTrak (NYSE: TRAK), an AI-powered, integrated supply chain platform, today announced financial results for the fourth fiscal quarter and full year ended June 30, 2026.

Fiscal Year Financial Highlights (12 months ended June 30, 2026 vs. 12 months ended June 30, 2025):

  • Full fiscal year revenue of $23.3 million, up 3% year-over-year.

  • Operating expense decreased 6% to $15.4 million.

  • Operating income increased 26% to $7.8 million.

  • GAAP net income increased 8% to $7.6 million.

  • Net income to common shareholders was $7.4 million, up 12.0%.

  • EPS of $0.41 per basic and $0.39 per diluted share.

  • The Company finished the period with $27.3 million in cash and no bank debt.

  • The Company generated $8.2 million in cash from operations for fiscal 2026.

  • During the fiscal year, the Company redeemed 175,233 preferred shares for the stated redemption price of $10.70 per share for a total of $1,874,993.

  • During the fiscal year, the Company repurchased and cancelled 143,904 common shares for an average price of $12.50 per share for a total of $1,798,537.

Fourth Fiscal Quarter Financial Highlights (three months ended June 30, 2026 vs. three months ended June 30, 2025):

  • Fourth quarter total revenue of $5.6 million, down 3% year-over-year.

  • Operating expense decreased 11% to $3.7 million.

  • Operating income increased 19% to $1.9 million.

  • GAAP net income increased 16% to $2.1 million.

  • Net income to common shareholders was $2.1 million, up 16%.

  • EPS of $0.11 per basic and diluted share.

  • On June 18, 2026, the Board declared a quarterly dividend of $0.02 per quarter ($0.08 per share annually) to shareholders of record on June 30, 2026. The cash dividends were paid to shareholders of record on or about August 14, 2026. Subsequent dividends will be paid within 45 days of each fiscal quarter end.

Randall K. Fields, Chairman and Chief Executive Officer of ReposiTrak, commented: “We continue to make progress across each of our businesses, while also developing and scaling our new offering with the SPAR Group. Touchless Merchandising leverages ReposiTrak’s technology, identifying supply chain and inventory issues in real time, and SPAR’s field organization, which addresses those issues in the store. Together, we believe this creates an innovative and differentiated scan-based trading solution that can deliver meaningful value to both retailers and brands. Customer interest has been strong, and we have already signed initial agreements with suppliers.”

“Simultaneously, we continue to expand our leadership position in traceability,” continued Mr. Fields. “Food safety remains a significant challenge for the industry. So far in 2026, the industry has faced issues related to Cyclospora, Salmonella Javiana, Listeria and E. coli, resulting in well over 100 recalls, hundreds of hospitalizations and multiple deaths. As we move closer to the government’s traceability deadline, we expect these events to further reinforce the need for reliable, end-to-end traceability. ReposiTrak is uniquely positioned as the only provider offering true, touchless traceability from farm to shelf, and we expect demand to accelerate as the deadline approaches.”

“Our fiscal 2026 results demonstrate the operating leverage in our business model,” concluded Mr. Fields. “Revenue increased 3%, while operating expenses declined 6%, driving a 26% increase in operating income. We also generated $8.2 million in cash from operations and ended the year with more than $27 million in cash and no bank debt. At the same time, we continued to invest in our technology and returned $5.3 million of capital to shareholders through dividends, common stock repurchases and preferred share redemptions. We believe our profitability; cash generation and strong balance sheet give us considerable flexibility to invest in growth while continuing to return capital to shareholders.”

Fourth Fiscal Quarter Financial Results (three months ended June 30, 2026, vs. three months ended June 30, 2025):

Revenue was $5.6 million as compared to $5.8 million in the prior-year fourth quarter. Total operating expense was $3.7 million, down 11% compared to $4.2 million last year. SG&A expense was $2.8 million, down 4% from $2.9 million last year. GAAP net income was $2.1 million compared to $1.8 million, an increase of 16%. Net income to common shareholders was $2.1 million, or $0.11 per basic and diluted share, compared to $1.7 million, or $0.09 per basic and diluted share, representing an increase of 19%.

Fiscal Year Financial Results (12 months ended June 30, 2026, vs. 12 months ended June 30, 2025):

Revenue increased 3% to $23.3 million as compared to $22.6 million in the prior-year period. Total operating expense was $15.4 million, down 6% compared to $16.4 million last year. SG&A expense was $11.5 million, up less than 1% from $11.4 million last year. GAAP net income was $7.6 million compared to $7.0 million, an increase of 8%. Net income to common shareholders was $7.4 million, or $0.41 per basic and $0.39 per diluted share, compared to $6.6 million, or $0.36 per basic and $0.35 per diluted share, representing an increase of 12%.

Return of Capital:

During the fiscal year, the Company redeemed 175,233 preferred shares at the stated redemption price of $10.70 per share for a total of approximately $1.9 million. As of June 30, 2026, a total of 160,865 shares of Series B preferred remained issued and outstanding. Since inception, a total of 676,912 preferred shares, including Series B and Series B-1 preferred, at the redemption price of $10.70 per share have been redeemed for a total of approximately $7.2 million. All Series B-1 preferred shares have been redeemed. The remaining amount available for future preferred redemptions is $1.72 million.

During the fiscal year, the Company repurchased 143,904 common shares for a total of $1.8 million at an average of $12.50 per share. The Company has approximately $6.0 million remaining on the $21.0 million total common share buyback authorization.

On June 18, 2026, the Board declared a quarterly dividend of $0.02 per quarter ($0.08 per share annually) to shareholders of record on June 30, 2026. The cash dividends have been paid to shareholders of record on or about August 14, 2026. Subsequent dividends will be paid within 45 days of each fiscal quarter end.

Balance Sheet:

The Company had $27.3 million in cash and cash equivalents at June 30, 2026, compared to $28.6 million at June 30, 2025. As part of a go-to-market collaboration with SPAR Group, ReposiTrak entered into an agreement to provide SPAR with a $4.0 million credit facility and separately acquired approximately $2.4 million of SPAR Group common stock.

Conference Call:

The Company will host a conference call at 4:15 p.m. Eastern today to discuss the Company’s results. The conference call will also be webcast and will be available via the investor relations section of the Company’s website, www.repositrak.com.

Participant Dial-In Numbers:

Date: Monday, September 28, 2026

Time: 4:15 p.m. ET (1:15 p.m. PT)

Toll-Free: 1-877-407-9716

Toll/International 1-201-493-6779

Conference ID: 13762421

Replay Dial-In Numbers:

Toll Free: 1-844-512-2921

Toll/International: 1-412-317-6671

Conference ID: 13760307

Replay Start: Monday, September 28, 2026, 7:15 p.m. ET

Replay Expiry: Wednesday, October 28, 2026 at 11:59 p.m. ET

About ReposiTrak

ReposiTrak, Inc. (NYSE: TRAK) is an AI-powered, integrated platform that connects retailers, wholesalers, suppliers, and food manufacturers through a suite of applications designed to reduce risk, support regulatory compliance, strengthen operational controls, and protect brand integrity. The ReposiTrak platform serves as a shared system of record across its solution areas, maintaining and synchronizing complex supplier and customer data to enable secure, accurate, and scalable information exchange.

ReposiTrak’s solutions are organized into three core product families: traceability, compliance and risk management, and supply chain solutions. Through its scalable, cloud-based platform and U.S.-based team of experts, the Company helps organizations streamline operations, improve data transparency, and meet evolving regulatory requirements across the food supply chain. For more information, visit www.repositrak.com.

Forward-Looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to ReposiTrak Inc., (“ReposiTrak”) are intended to identify such forward-looking statements. ReposiTrak may from time-to-time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in ReposiTrak annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

REPOSITRAK, INC.

Consolidated Balance Sheets
 

 

 

June 30,

 

June 30,

 

 

2026

 

2025

Assets

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

Cash

 

$

27,256,008

 

 

$

28,568,805

 

Receivables, net of allowance for doubtful accounts of $249,818 and $242,437 at June 30, 2026 and 2025, respectively

 

 

4,613,739

 

 

 

4,133,026

 

Contract asset – unbilled current portion

 

 

433,783

 

 

 

428,585

 

Prepaid expense and other current assets

 

 

449,298

 

 

 

555,384

 

Total Current Assets

 

 

32,752,828

 

 

 

33,685,800

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

303,896

 

 

 

602,172

 

 

 

 

 

 

 

 

Other Assets:

 

 

 

 

 

 

Note receivable, net

 

 

2,277,778

 

 

 

–

 

Investment in equity securities, at fair value

 

 

3,462,700

 

 

 

–

 

Deposits and other assets

 

 

122,414

 

 

 

22,414

 

Prepaid expense – less current portion

 

 

2,762

 

 

 

6,568

 

Goodwill

 

 

20,883,886

 

 

 

20,883,886

 

Deferred income taxes

 

 

51,035

 

 

 

–

 

Capitalized software costs, net

 

 

–

 

 

 

128,207

 

Capitalized software development in progress

 

 

1,000,412

 

 

 

–

 

Total Other Assets

 

 

27,800,987

 

 

 

21,041,075

 

 

 

 

 

 

 

 

Total Assets

 

$

60,857,711

 

 

$

55,329,047

 

 

 

 

 

 

 

 

Liabilities and Shareholders’ Equity

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

Accounts payable

 

$

522,404

 

 

$

282,146

 

Accrued liabilities

 

 

3,240,318

 

 

 

1,841,839

 

Contract liability – deferred revenue

 

 

4,509,815

 

 

 

3,175,908

 

Notes payable and financing leases – current

 

 

232,842

 

 

 

231,225

 

Total current liabilities

 

 

8,505,379

 

 

 

5,531,118

 

 

 

 

 

 

 

 

Long-term liabilities

 

 

 

 

 

 

Notes payable and financing leases – less current portion

 

 

61,498

 

 

 

278,748

 

Total liabilities

 

 

8,566,877

 

 

 

5,809,866

 

 

 

 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

 

 

Preferred Stock; $0.01 par value, 30,000,000 shares authorized;

 

 

 

 

 

 

Series B Preferred, 700,000 shares authorized; 160,865 and 336,098 shares issued and outstanding at June 30, 2026 and 2025 respectively

 

 

1,609

 

 

 

3,361

 

Common Stock, $0.01 par value, 50,000,000 shares authorized; 18,189,408 and 18,282,805 issued and outstanding at June 30, 2026 and 2025, respectively

 

 

181,896

 

 

 

182,830

 

Additional paid-in capital

 

 

59,159,098

 

 

 

62,181,156

 

Accumulated other comprehensive loss

 

 

(36,708

)

 

 

(11,256

)

Accumulated deficit

 

 

(7,015,061

)

 

 

(12,836,910

)

Total stockholders’ equity

 

 

52,290,834

 

 

 

49,519,181

 

Total liabilities and stockholders’ equity

 

$

60,857,711

 

 

$

55,329,047

 

REPOSITRAK, INC.

Consolidated Statements of Operations
 

 

 

For the Years Ended

 

 

June 30,

 

 

2026

 

2025

 

 

 

 

 

 

 

Revenue

 

$

23,287,319

 

 

$

22,606,066

 

 

 

 

 

 

 

 

Operating expense:

 

 

 

 

 

 

Cost of revenue and product support

 

 

3,306,855

 

 

 

3,681,330

 

Sales and marketing

 

 

5,751,151

 

 

 

5,843,272

 

General and administrative

 

 

5,738,314

 

 

 

5,602,807

 

Depreciation and amortization

 

 

647,637

 

 

 

1,251,514

 

Total operating expense

 

 

15,443,957

 

 

 

16,378,923

 

 

 

 

 

 

 

 

Income from operations

 

 

7,843,362

 

 

 

6,227,143

 

 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

 

Interest income

 

 

1,541,459

 

 

 

1,383,535

 

Interest expense

 

 

(38,483

)

 

 

(48,671

)

Gain on lease termination

 

 

–

 

 

 

12,262

 

Realized gain (loss) on short term investments

 

 

(19,052

)

 

 

97,384

 

Unrealized gain (loss) on short term investments

 

 

192,200

 

 

 

(17,676

)

Income before income taxes

 

 

9,519,486

 

 

 

7,653,977

 

 

 

 

 

 

 

 

(Provision) for income taxes

 

 

(1,949,999

)

 

 

(675,850

)

Net income

 

 

7,569,487

 

 

 

6,978,127

 

 

 

 

 

 

 

 

Dividends on Preferred Stock

 

 

(167,804

)

 

 

(360,306

)

 

 

 

 

 

 

 

Net income applicable to common shareholders

 

$

7,401,683

 

 

$

6,617,821

 

 

 

 

 

 

 

 

Weighted average shares, basic

 

 

18,236,000

 

 

 

18,262,000

 

Weighted average shares, diluted

 

 

18,981,000

 

 

 

19,141,000

 

Basic earnings per share

 

$

0.41

 

 

$

0.36

 

Diluted earnings per share

 

$

0.39

 

 

$

0.35

 

 

 

 

 

 

 

 

Comprehensive income:

 

 

 

 

 

 

Net income

 

$

7,569,487

 

 

$

6,978,127

 

Other comprehensive loss:

 

 

 

 

 

 

Unrealized gain (loss) on available-for-sale securities

 

 

(25,452

)

 

 

16,134

 

Total comprehensive income

 

$

7,544,035

 

 

$

6,994,261

 

REPOSITRAK, INC.

Consolidated Statements of Cash Flows

 

 

For the Years Ended

 

 

June 30,

 

 

2026

 

2025

Cash flows from operating activities:

 

 

 

 

 

 

Net income

 

$

7,569,487

 

 

$

6,978,127

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 

 

 

Depreciation and amortization

 

 

647,637

 

 

 

1,251,514

 

Amortization of operating right of use asset

 

 

–

 

 

 

63,597

 

Amortization of loan discount

 

 

(77,778

)

 

 

–

 

Stock compensation expense

 

 

444,510

 

 

 

403,783

 

Gain on termination of operating lease

 

 

–

 

 

 

(12,262

)

Unrealized gain (loss) on investments

 

 

(192,200

)

 

 

17,676

 

Net amortization/accretion

 

 

(81,235

)

 

 

–

 

Realized loss on investments

 

 

19,052

 

 

 

(97,384

)

Common stock received in settlement of accounts receivable

 

 

(2,325,000

)

 

 

–

 

Deferred income tax benefit

 

 

(51,035

)

 

 

–

 

Bad debt expense

 

 

950,000

 

 

 

600,000

 

(Increase) decrease in:

 

 

 

 

 

 

Accounts receivables

 

 

(1,744,042

)

 

 

(1,221,596

)

Operating right of use asset

 

 

–

 

 

 

186,709

 

Contract assets and unbilled receivables

 

 

(5,197

)

 

 

–

 

Long-term receivables, prepaids and other assets

 

 

109,892

 

 

 

(447,479

)

Increase (decrease) in:

 

 

 

 

 

 

Accounts payable

 

 

240,258

 

 

 

17,060

 

Operating lease liability

 

 

–

 

 

 

(250,786

)

Accrued liabilities

 

 

1,386,550

 

 

 

196,499

 

Deferred revenue

 

 

1,333,907

 

 

 

734,674

 

Net cash provided by operating activities

 

 

8,224,806

 

 

 

8,420,132

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

Issuance of note receivable

 

 

(3,000,000

)

 

 

–

 

Purchase of property and equipment

 

 

(16,594

)

 

 

(15,965

)

Investment deposit

 

 

(100,000

)

 

 

–

 

Capitalization of software development costs in progress

 

 

(1,000,412

)

 

 

–

 

Sale (purchase) of marketable securities

 

 

–

 

 

 

16,134

 

Net cash (used in) provided by investing activities

 

 

(4,117,006

)

 

 

169

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

Common stock buyback/retirement

 

 

(1,798,537

)

 

 

(200,035

)

Redemption of Series B Preferred

 

 

(1,874,993

)

 

 

(2,999,970

)

Proceeds from exercise of warrants

 

 

–

 

 

 

79,120

 

Proceeds from employee stock plan

 

 

104,519

 

 

 

134,346

 

Dividends paid

 

 

(1,635,953

)

 

 

(1,656,377

)

Payments on notes payable and capital leases

 

 

(215,633

)

 

 

(362,442

)

Net cash used in financing activities

 

 

(5,420,597

)

 

 

(5,005,358

)

 

 

 

 

 

 

 

Net (decrease) increase in cash and cash equivalents

 

 

(1,312,797

)

 

 

3,414,943

 

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of period

 

 

28,568,805

 

 

 

25,153,862

 

Cash and cash equivalents at end of period

 

$

27,256,008

 

 

$

28,568,805

 

 

 

 

 

 

 

 

Supplemental Disclosure of Cash Flow Information

 

 

 

 

 

 

Cash paid for income taxes

 

$

734,928

 

 

$

435,059

 

Cash paid for interest

 

$

15,411

 

 

$

21,023

 

Cash paid for operating leases

 

$

–

 

 

$

56,244

 

 

 

 

 

 

 

 

Supplemental Disclosure of Non-Cash Investing and Financing Activities

 

 

 

 

 

 

Common Stock to pay accrued liabilities

 

$

421,604

 

 

$

313,218

 

Dividends accrued on Preferred Stock

 

$

167,804

 

 

$

360,306

 

Right of use asset

 

$

–

 

 

$

654,444

 

 

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