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Nasdaq · Technology

FREQUENCY ELECTRONICS INC (FEIM)

As-reported financials and SEC filings for FREQUENCY ELECTRONICS INC. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About FREQUENCY ELECTRONICS INC

Frequency Electronics Inc designs, develops, and manufactures precision time and frequency generation systems used in commercial and U.S. Government satellites, as well as secure command, control, communication, intelligence, surveillance, reconnaissance, and electronic warfare systems. The company serves markets including satellite payloads and terrestrial secure communications for military and commercial customers. It operates through two main segments: FEI-NY, which produces satellite electronics and radio frequency microwave components, and FEI-Zyfer, which focuses on GPS-based precision timing products.

Snapshot

Revenue
$63.2M
Revenue growth (YoY)
-9.4%
Net income
$-903,000
Diluted EPS
$-0.09
Gross margin
29.1%
Operating margin
-4.7%
Net margin
-1.4%
FCF margin
-2.5%
ROE
-1.6%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$700.2M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended April 30, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Frequency Electronics

  • Revenue fell 9.4% to $63M in FY2026, slower than the 26.3% the year before.
  • Operating margin is -4.7% in FY2026, +11.9 pp against -16.6% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $15M, down 23.0% from Q4 FY2025.
  • Free cash flow was negative $2M in FY2026.
  • Net income turned to a $903000 loss in FY2026, from a $24M profit in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Frequency Electronics’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin29.1%
23rd percentile of 509
Operating margin-4.7%
33rd percentile of 563
Net margin-1.4%
40th percentile of 577
FCF margin-2.5%
21st percentile of 544
Revenue growth (YoY)-9.4%
12th percentile of 616
ROE-1.6%
40th percentile of 540
Short interest3.91d
60th percentile of 622

Frequency Electronics’s revenue growth of -9.4% ranks in the 12th percentile of the 616 Technology companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $37.5M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
2
1 new, 1 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$16.7M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$7.7M116.5KReduced
Citadel AdvisorsquantQ2 2026$4.7M71.5KReduced
Two Sigma InvestmentsquantQ2 2026$2.6M39.1KReduced
Millennium ManagementquantQ2 2026$1.4M20.6KAdded
AQR Capital ManagementquantQ2 2026$252,0643.8KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$37.5M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-28
filed 2026-07-30
Edenbrook Capital, LLCDirectorSell554.3K$57.50$31.9M
2026-07-28
filed 2026-07-30
Edenbrook Capital, LLCDirectorSell97.8K$57.50$5.6M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
893.8K
settled 2026-08-14
Change vs prior
-24.5%
vs previous settlement
Days to cover
3.91
at avg daily volume
Avg daily volume
228.5K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14893.8K-24.5%3.91
2026-07-311.2M+30.6%2.05
2026-07-15907.1K+19.1%3.69
2026-06-30761.6K-3.7%3.15
2026-06-15790.9K+3.3%5.06
2026-05-29765.5K-10.3%4.13
2026-05-15853.7K-7.8%4.65
2026-04-30925.6K-0.4%7.39

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$63.2M$69.8M$55.3M$40.8M$48.3M
Gross profit$18.4M$30.1M$18.6M$7.8M$8.6M
Operating income$-3.0M$11.7M$5.0M$-4.7M$-8.0M
Net income$-903,000$23.7M$5.6M$-5.5M$-8.7M
Diluted EPS$-0.09$2.46$0.59

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$1.6M$4.7M$18.3M$12.0M$11.6M
Current assets$48.0M$53.1M$58.1M$48.3M$56.0M
Total assets$90.7M$93.7M$83.3M$74.5M$84.8M
Current liabilities$21.0M$23.5M$30.8M$27.3M$21.9M
Long-term debt
Total liabilities$34.3M$38.1M$43.4M$41.6M$38.1M
Total equity$56.4M$55.6M$39.8M$32.9M$46.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$1.3M$-1.4M$8.7M$1.2M$4.0M
Capital expenditure$2.9M$1.8M$1.5M$918,000$1.9M
Free cash flow$-1.6M$-3.2M$7.2M$257,000$2.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$15.4M-23.0%$-4.9M$-0.50
Q3 FY2026$16.9M-10.8%$1.6M$0.16
Q2 FY2026$17.1M8.3%$1.8M$0.18
Q1 FY2026$13.8M-8.4%$634,000$0.07
Q4 FY2025$20.0M28.3%$3.2M$0.33
Q3 FY2025$18.9M38.0%$15.4M$1.60
Q2 FY2025$15.8M16.5%$2.7M$0.28
Q1 FY2025$15.1M21.5%$2.4M$0.25

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryInstruments For Meas & Testing of Electricity & Elec Signals
Latest annual periodFY2026 (ended April 30, 2026)
Latest reported quarterQ4 FY2026 (ended April 30, 2026)
Oldest indexed filing1994
SEC CIK39020

Selected SEC filings

10-K2026-07-17
View on EDGAR →
10-K2025-07-18
View on EDGAR →
10-Q2026-03-17
View on EDGAR →
10-Q2025-12-15
View on EDGAR →
10-Q2025-09-15
View on EDGAR →
10-Q2025-03-17
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-30
View on EDGAR →

Largest Technology peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.