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George Risk Industries Inc

grisk.com

What Do They Do?

Sells security alarm components, contact switches, and environmental sensors to distributors, alarm dealers, and installers.

How Do They Make Money?

Customers buy the company's products; sales are counted when title passes to the customer, while advance payments are applied when products ship.

FY2026 revenue

Who Are Their Customers?

Security products go to distributors and alarm dealers/installers, who sell to security installation companies; keyboards and proximity switches go mainly to original equipment manufacturers and distributors.

Customers above 10% of revenue, FY2026
of revenue from one customer
FY2025: 37% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 46 cents of every revenue dollar as net income in FY2026 and turned 17 cents into free cash flow.

Operating income, FY2026
28% of revenue
▲ +12% vs FY2025 ($6.2M, 28%)
Net income, FY2026
46% of revenue
▲ +60% vs FY2025 ($7.1M, 32%)
Free cash flow, FY2026
17% of revenue
▲ +10% vs FY2025 ($3.9M, 17%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q1 FY2027, the three months to Jul 31, 2026
Revenue
▲ +16%
vs $5.9M in Q1 FY2026
Net income
▼ −42%
vs $3.8M in Q1 FY2026

Growing. Revenue grew 20% in 4 years, from $20.7M in FY2022 to $24.9M in FY2026, about 5% a year.

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