M-tron Industries, Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026 with the U.S. Securities and Exchange Commission, reporting second-quarter and year-to-date financial results alongside a significant increase in total assets.

Key Highlights

  • Q2 2026 Revenue: Revenues totaled $15,109 thousand for the three months ended June 30, 2026, compared to $13,282 thousand in the same period of 2025.
  • Q2 2026 Net Income: Net income was $1,870 thousand for the second quarter of 2026, up from $1,560 thousand in Q2 2025.
  • Six-Month Revenue: Revenues for the six months ended June 30, 2026 were $29,795 thousand, compared to $26,014 thousand for the same period in 2025.
  • Six-Month Net Income: Net income for the six months ended June 30, 2026 was $4,258 thousand, compared to $3,190 thousand in the prior-year period.
  • Total Assets: Total assets grew to $125,935 thousand as of June 30, 2026, from $68,383 thousand as of December 31, 2025.
  • Cash Position: Cash and cash equivalents were $96,245 thousand as of June 30, 2026, compared to $20,891 thousand at December 31, 2025.
  • Shares Outstanding: As of July 31, 2026, the company had 4,346,476 shares of common stock outstanding.

M-tron Industries Q2 2026: Revenue Growth, Expanded Balance Sheet, and Rights Offering Proceeds

According to the filing, M-tron Industries (NYSE American:MPTI) reported revenues of $15,109 thousand for the three months ended June 30, 2026, a increase from $13,282 thousand in the same quarter of 2025. Total costs and expenses for Q2 2026 were $13,390 thousand, resulting in operating income of $1,719 thousand, compared to operating income of $1,844 thousand in Q2 2025. Net income for the quarter was $1,870 thousand, with diluted earnings per share of $0.43, versus $0.53 diluted earnings per share in Q2 2025. The filing noted weighted average diluted shares outstanding of 4,339,332 for Q2 2026, compared to 2,934,594 in Q2 2025.

For the six months ended June 30, 2026, the company disclosed revenues of $29,795 thousand and net income of $4,258 thousand, compared to revenues of $26,014 thousand and net income of $3,190 thousand for the same period in 2025. Interest income, net, increased to $1,060 thousand for the six-month period, from $235 thousand in the prior-year period, according to the filing. Income tax expense for the six months ended June 30, 2026 was $1,043 thousand.

The balance sheet as of June 30, 2026 reflected total assets of $125,935 thousand and total stockholders' equity of $118,715 thousand, compared to $68,383 thousand and $63,215 thousand, respectively, as of December 31, 2025. The filing's equity statement shows that during Q2 2026, the company recorded proceeds from the exercise of subscription rights, net of costs, of $41,751 thousand, which the registrant reported as a primary driver of the increase in additional paid-in capital to $94,630 thousand. Total liabilities were $7,220 thousand as of June 30, 2026.

What Was Disclosed

M-tron Industries filed its quarterly report covering the period ended June 30, 2026, disclosing revenue growth, higher net income, a materially larger cash balance, and increased stockholders' equity driven in part by exercise of subscription rights during the quarter.