Stoneridge Inc

stoneridge.com

What Do They Do?

Designs and makes vehicle electronics systems for commercial-vehicle and off-highway manufacturers, sold through original-equipment and aftermarket channels. Also sells tracking devices and provides monitoring services in South America to automakers, commercial vehicle makers and direct customers.

How Do They Make Money?

Customers pay for products shortly after the sale, usually when parts ship or are delivered; monitoring-service customers pay over time as the service is provided.

revenue

Segment	Share	How money arrives
Control Devices Sold outright	32% FY2022: 38%	Sold outright
Electronics Sold outright	64% FY2022: 59%	Sold outright
Stoneridge Brazil	7.6% FY2022: 5.8%

Who Are Their Customers?

Commercial vehicle and off-highway manufacturers buy Electronics products through original-equipment and aftermarket channels. In South America, products reach customers through distributors, authorized dealer installers and direct sales to vehicle makers; monitoring services and tracking devices are sold directly to companies and individuals.

Customers above 10% of revenue, FY2025

of revenue from five customers (18%, 15%, 11%, 7%, 6%)

Do Revenues Turn Into Profits?

Not on paper. It lost $102.8M in FY2025, but brought in more cash than it spent: $12.2M of free cash flow.

Operating income, FY2025

−4% of revenue

▲ +10033% (Loss) vs FY2024 (−$381K, 0%)

Net income, FY2025

−12% of revenue

▲ +522% (Loss) vs FY2024 (−$16.5M, −2%)

Free cash flow, FY2025

1% of revenue

▼ −48% vs FY2024 ($23.4M, 3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +15%; vs $157.5M in Q2 FY2025
Net income: ▼ −44% (Loss); vs −$9.4M in Q2 FY2025

Electronics share of revenue vs 94.9% in Q2 FY2025

Jun 3, 2026 Named Scott Humphrey as chief financial officer Humphrey became chief financial officer and treasurer effective June 8, 2026.
Apr 28, 2026 Reaffirmed MirrorEye revenue expectation of at least $160 million The company also projected approximately 45% growth in MirrorEye revenue compared with 2025.
Mar 23, 2026 Matt Horvath resigned; Robert Hartman became interim chief financial officer Horvath's resignation took effect March 31, 2026; Hartman took the interim role then.

Growing. Revenue grew 12% in 4 years, from $770.5M in FY2021 to $861.3M in FY2025, about 3% a year.

Control Devices sale The older report describes Control Devices as an operating segment; the latest report says the segment was sold, with Stoneridge continuing in Electronics and Stoneridge Brazil.

Revenue over time

Control Devices Electronics Stoneridge Brazil

$1B$500M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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