Koss Corp

koss.com

What Do They Do?

Sells stereo headphones and related personal listening accessories to consumers, retailers, distributors, and manufacturers that include them in their products.

How Do They Make Money?

Customers pay for headphones and related accessories, usually when products ship or within the company’s normal collection terms of 30-60 days.

FY2026 revenue

Who Are Their Customers?

Consumers buy through the company’s website and online marketplaces; retailers and distributors sell products through retail channels. Koss also sells directly to manufacturers for use in their products.

Direct customers above 10% of revenue, FY2026

of revenue from one customer

FY2025: 19% from one customer

Do Revenues Turn Into Profits?

Not on paper. It lost $391.5K in FY2026, but brought in more cash than it spent: $122.7K of free cash flow.

Operating income, FY2026

−12% of revenue

▼ −13% (Loss) vs FY2025 (−$1.7M, −14%)

Net income, FY2026

−3% of revenue

▼ −55% (Loss) vs FY2025 (−$874.8K, −7%)

Free cash flow, FY2026

1% of revenue

▲ Now profitable vs FY2025 (−$705.6K, −6%)

How Are They Changing?

Shrinking. Revenue fell 26% in 4 years, from $17.7M in FY2022 to $13M in FY2026, about 7% a year.

A move beyond consumer electronics The earlier report described headphones and related accessories as the company’s only business line; the latest report says management plans to pursue acquisitions outside consumer electronics, with recurring revenue as an expected outcome.

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