Recent News
On September 15, 2025 the company announced a contractor update that a prominent U.S. screen-printing contractor will transition volumes from analog systems to Kornit production solutions. Also on September 15, 2025 Kornit reported results from its 2025 annual general meeting, including re-election of two Class I directors and re-appointment of its independent auditors. On August 7, 2025 Barclays lowered its price target on Kornit to $22.00.
Technical Analysis
Directional indicators (ADX/DI+/DI-): ADX registers 44.3, reflecting a very strong trend; DI- increased while DI+ peaked and reversed, which signals selling pressure dominating the trend and supports a bearish near-term price bias.
MACD and momentum: MACD reads -0.66 with the MACD line above the signal line (-0.78) and an increasing MACD trend, producing a bullish momentum signal that suggests short-term mean-reversion potential despite the prevailing selling pressure.
MRO and RSI: The MRO at -4.85 places price below target and implies potential for upward correction; RSI near 39.3 with a dip-and-reversal pattern reinforces an oversold rebound scenario rather than sustained strength.
Price structure, moving averages and bands: Close at $14.83 sits well below the 200-day average ($22.40) and below the super-trend upper band ($15.81), while price trades below the -2x Bollinger band; this combination usually favors a continuation of downside under trend control but leaves room for a technical snapback toward the short-term mean.
Ichimoku and volatility: Chikou span sits below the Ichimoku cloud and the tenkan/kijun relationships remain below the cloud, which keeps medium-term bias negative even as shorter-term indicators show a dip-and-reversal pattern; 42- and 52-week betas (1.62 / 1.77) indicate above-market volatility for any rebound attempt.
Fundamental Analysis
Top-line and margins: Total revenue registers $49,754,000; year-over-year revenue change shows a decline of -35.88% while the broader revenue growth figure reads 7.10% for the referenced period. Gross margin registers 41.69%. Operating (EBIT) margin records -21.84%, a material shortfall versus the industry peer mean of 16.76%.
Profitability and earnings: Operating loss (EBIT) equals -$10,866,000; EBITDA equals -$7,936,000; net loss equals -$7,518,000. Reported EPS came in at $0.03 versus an estimate of $0.02, producing an EPS surprise ratio of 50%. The company reported positive operating cash flow of $3,730,000 and an end-period cash balance of $25,418,000 alongside $431,612,000 in cash and short-term investments.
Balance sheet and working capital: Current ratio stands at 12.75 and quick ratio at 11.64, indicating extensive short-term liquidity; total debt reads $19,195,000 and debt-to-assets about 2.51%. Cash conversion cycle sits at 272 days, above the industry peer mean of 100.84 days, reflecting slower cash conversion versus peers.
Valuation metrics: Price-to-book equals 1.32, below the industry peer mean of 6.09; price-to-sales equals 18.65 versus the industry peer mean of 15.21. Forward P/E approximates 195.64 while trailing P/E registers 688.87. WMDST values the stock as over-valued given current multiples relative to earnings and cash-flow dynamics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 56.0 M |
| Operating Cash Flow | $ 3.7 M | |
| Capital Expenditures | $ -5.81 M | |
| Change In Working Capital | $ 3.3 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -30.61 M | |
| End Period Cash Flow | $ 25.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 49.8 M | |
| Forward Revenue | $ -7.97 M | |
| COSTS | ||
| Cost Of Revenue | $ 29.0 M | |
| Depreciation | $ 2.9 M | |
| Depreciation and Amortization | $ 2.9 M | |
| Research and Development | $ 9.1 M | |
| Total Operating Expenses | $ 60.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 20.7 M | |
| EBITDA | $ -7.94 M | |
| EBIT | $ -10.87 M | |
| Operating Income | $ -10.87 M | |
| Interest Income | $ 3.5 M | |
| Interest Expense | — | |
| Net Interest Income | $ 3.5 M | |
| Income Before Tax | $ -7.40 M | |
| Tax Provision | $ 117.0 K | |
| Tax Rate | 21.0 % | |
| Net Income | $ -7.52 M | |
| Net Income From Continuing Operations | $ -7.52 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.02 | |
| EPS Actual | $ 0.03 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 50.0 % | |
| Forward EPS | $ 0.11 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 766.0 M | |
| Intangible Assets | $ 34.1 M | |
| Net Tangible Assets | $ 670.6 M | |
| Total Current Assets | $ 574.7 M | |
| Cash and Short-Term Investments | $ 431.6 M | |
| Cash | $ 25.4 M | |
| Net Receivables | $ 64.5 M | |
| Inventory | $ 50.0 M | |
| Long-Term Investments | $ 14.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 10.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 45.1 M | |
| Net Debt | — | |
| Total Debt | $ 19.2 M | |
| Total Liabilities | $ 61.2 M | |
| EQUITY | ||
| Total Equity | $ 704.7 M | |
| Retained Earnings | — | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 15.73 | |
| Shares Outstanding | 44.795 M | |
| Revenue Per-Share | $ 1.11 | |
| VALUATION | Market Capitalization | $ 927.9 M |
| Enterprise Value | $ 515.5 M | |
| Enterprise Multiple | -64.952 | |
| Enterprise Multiple QoQ | 15.729 % | |
| Enterprise Multiple YoY | 59.577 % | |
| Enterprise Multiple IPRWA | high: 259.951 mean: 67.673 median: 63.645 KRNT: -64.952 low: -171.742 |
|
| EV/R | 10.36 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.087 | |
| Asset To Liability | 12.513 | |
| Debt To Capital | 0.027 | |
| Debt To Assets | 0.025 | |
| Debt To Assets QoQ | 10.154 % | |
| Debt To Assets YoY | 552.604 % | |
| Debt To Assets IPRWA | high: 0.807 median: 0.296 mean: 0.257 KRNT: 0.025 low: 0.002 |
|
| Debt To Equity | 0.027 | |
| Debt To Equity QoQ | 9.706 % | |
| Debt To Equity YoY | 557.971 % | |
| Debt To Equity IPRWA | high: 1.558 median: 0.69 mean: 0.57 KRNT: 0.027 low: -0.649 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.317 | |
| Price To Book QoQ | -0.303 % | |
| Price To Book YoY | 41.982 % | |
| Price To Book IPRWA | high: 11.125 mean: 6.089 median: 4.517 KRNT: 1.317 low: -2.42 |
|
| Price To Earnings (P/E) | 688.866 | |
| Price To Earnings QoQ | -67.198 % | |
| Price To Earnings YoY | -10.041 % | |
| Price To Earnings IPRWA | KRNT: 688.866 high: 287.529 mean: 89.643 median: 86.325 low: -168.539 |
|
| PE/G Ratio | 3.444 | |
| Price To Sales (P/S) | 18.649 | |
| Price To Sales QoQ | -8.985 % | |
| Price To Sales YoY | 24.508 % | |
| Price To Sales IPRWA | high: 42.058 KRNT: 18.649 mean: 15.207 median: 13.0 low: 0.0 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 195.636 | |
| Forward PE/G | 0.978 | |
| Forward P/S | -116.463 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.407 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.064 | |
| Asset Turnover Ratio QoQ | 8.59 % | |
| Asset Turnover Ratio YoY | 11.306 % | |
| Asset Turnover Ratio IPRWA | high: 0.479 mean: 0.194 median: 0.187 KRNT: 0.064 low: 0.001 |
|
| Receivables Turnover | 0.791 | |
| Receivables Turnover Ratio QoQ | 7.948 % | |
| Receivables Turnover Ratio YoY | 30.231 % | |
| Receivables Turnover Ratio IPRWA | high: 2.906 mean: 1.506 median: 1.38 KRNT: 0.791 low: 0.267 |
|
| Inventory Turnover | 0.539 | |
| Inventory Turnover Ratio QoQ | 19.26 % | |
| Inventory Turnover Ratio YoY | 40.821 % | |
| Inventory Turnover Ratio IPRWA | high: 2.529 median: 1.085 mean: 1.029 KRNT: 0.539 low: 0.063 |
|
| Days Sales Outstanding (DSO) | 115.422 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 272.391 | |
| Cash Conversion Cycle Days QoQ | -3.954 % | |
| Cash Conversion Cycle Days YoY | -22.228 % | |
| Cash Conversion Cycle Days IPRWA | KRNT: 272.391 high: 260.886 mean: 100.836 median: 88.157 low: -85.228 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.094 | |
| CapEx To Revenue | -0.117 | |
| CapEx To Depreciation | -1.982 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 704.7 M | |
| Net Invested Capital | — | |
| Invested Capital | $ -412.42 M | |
| Net Tangible Assets | $ 670.6 M | |
| Net Working Capital | $ 529.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 9.573 | |
| Current Ratio | 12.746 | |
| Current Ratio QoQ | 6.815 % | |
| Current Ratio YoY | -7.936 % | |
| Current Ratio IPRWA | KRNT: 12.746 high: 7.762 mean: 2.179 median: 2.016 low: 0.034 |
|
| Quick Ratio | 11.636 | |
| Quick Ratio QoQ | 7.911 % | |
| Quick Ratio YoY | -4.808 % | |
| Quick Ratio IPRWA | KRNT: 11.636 high: 7.26 mean: 1.515 median: 1.456 low: 0.201 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -2.419 | |
| Cost Of Debt | 0.043 % | |
| Interest Coverage Ratio | -1086.6 | |
| Interest Coverage Ratio QoQ | -9.983 % | |
| Interest Coverage Ratio YoY | 1.589 % | |
| Interest Coverage Ratio IPRWA | high: 52.785 median: 17.0 mean: 13.892 low: -130.23 KRNT: -1086.6 |
|
| Operating Cash Flow Ratio | 0.091 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 27.263 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.646 % | |
| Revenue Growth | 7.097 % | |
| Revenue Growth QoQ | -130.251 % | |
| Revenue Growth YoY | -35.878 % | |
| Revenue Growth IPRWA | high: 79.411 % mean: 10.025 % median: 9.438 % KRNT: 7.097 % low: -43.951 % |
|
| Earnings Growth | 200.0 % | |
| Earnings Growth QoQ | -311.766 % | |
| Earnings Growth YoY | -269.231 % | |
| Earnings Growth IPRWA | KRNT: 200.0 % high: 200.0 % median: 26.316 % mean: 18.648 % low: -133.333 % |
|
| MARGINS | ||
| Gross Margin | 41.693 % | |
| Gross Margin QoQ | -2.175 % | |
| Gross Margin YoY | -9.031 % | |
| Gross Margin IPRWA | high: 98.998 % KRNT: 41.693 % mean: 39.342 % median: 36.34 % low: -49.356 % |
|
| EBIT Margin | -21.839 % | |
| EBIT Margin QoQ | -15.949 % | |
| EBIT Margin YoY | -0.727 % | |
| EBIT Margin IPRWA | high: 123.871 % median: 17.436 % mean: 16.759 % KRNT: -21.839 % low: -285.231 % |
|
| Return On Sales (ROS) | -21.839 % | |
| Return On Sales QoQ | -15.949 % | |
| Return On Sales YoY | -0.727 % | |
| Return On Sales IPRWA | high: 43.501 % mean: 15.601 % median: 15.051 % KRNT: -21.839 % low: -392.924 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -2.08 M | |
| Free Cash Flow Yield | -0.224 % | |
| Free Cash Flow Yield QoQ | -207.177 % | |
| Free Cash Flow Yield YoY | -153.589 % | |
| Free Cash Flow Yield IPRWA | high: 4.857 % mean: 1.033 % median: 0.912 % KRNT: -0.224 % low: -16.248 % |
|
| Free Cash Growth | -204.265 % | |
| Free Cash Growth QoQ | 135.516 % | |
| Free Cash Growth YoY | -1935.1 % | |
| Free Cash Growth IPRWA | high: 362.71 % median: 41.218 % mean: 28.348 % KRNT: -204.265 % low: -329.708 % |
|
| Free Cash To Net Income | 0.276 | |
| Cash Flow Margin | 8.23 % | |
| Cash Flow To Earnings | -0.545 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -0.968 % | |
| Return On Assets QoQ | 50.544 % | |
| Return On Assets YoY | 66.609 % | |
| Return On Assets IPRWA | high: 17.834 % median: 2.39 % mean: 1.832 % KRNT: -0.968 % low: -36.426 % |
|
| Return On Capital Employed (ROCE) | -1.507 % | |
| Return On Equity (ROE) | -0.011 | |
| Return On Equity QoQ | 51.994 % | |
| Return On Equity YoY | 70.72 % | |
| Return On Equity IPRWA | high: 0.433 mean: 0.05 median: 0.047 KRNT: -0.011 low: -0.489 |
|
| DuPont ROE | -1.055 % | |
| Return On Invested Capital (ROIC) | 2.081 % | |
| Return On Invested Capital QoQ | -5.237 % | |
| Return On Invested Capital YoY | 4.102 % | |
| Return On Invested Capital IPRWA | high: 8.434 % mean: 3.178 % median: 3.068 % KRNT: 2.081 % low: -15.502 % |
|