Track Group, Inc. Fiscal Year 2025 Financial Results

Track Group, Inc. reported its financial results for the fiscal year ended September 30, 2025. Total revenue for FY25 was $35.2 million, a decrease of approximately 5.0% from FY24's $36.9 million. This decline was primarily attributed to the sale of the company's Chilean subsidiary and a reduction in monitoring services for clients in Virginia and Washington D.C. Despite the revenue decrease, the company saw significant improvements in its financial performance. Gross profit increased by approximately 2% to $17.5 million in FY25, up from $17.2 million in FY24, driven by lower monitoring center and communication costs. Operating income turned positive at $1.2 million in FY25, a substantial improvement from an operating loss of ($1.9 million) in FY24. This was due to a decrease in the cost of revenue and operating expenses. Adjusted EBITDA for FY25 was $5.8 million, an increase from $5.4 million in FY24, with the Adjusted EBITDA margin improving to 16.4% from 14.6%. The company's net loss attributable to common shareholders decreased to ($1.9 million) in FY25 from ($3.1 million) in FY24. The company expects renewed revenue growth in fiscal year 2026, with a projected revenue between $38 million and $39 million.