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AmpliTech Group, Inc.

AMPG Technology Communication Equipment

AmpliTech Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.2 million, up 165.0% from fiscal 2024.

Revenue
−26.8%
EPS
−33.3%
Free cash flow
−3.69%
Total debt
−55.0%

Quarter to June 2026, against a year earlier

2.52 0.12 −4.55%
Market cap
$79.5M
P/E
0.0×
Fwd P/E
−10.2×
Dividend yield
—
F-score
2/9
Altman Z
1.52
Beneish M
−2.56
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.05
Sold, $m 0.59
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — — — — — — 1 — — —
Sell — — — — — 2 3 — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 79.54
Revenue ttm 23.99
Net income ttm (8.01)
Free cash flow ttm (14.31)
Net debt Q (12.94)
Valuation
P/E 0.00
Forward P/E (10.20) (negative: loss-making)
Price / sales 2.67
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.37
Financial health
Current ratio Q 3.76 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 54.82
Growth
Revenue growth Q −26.81% (below 0%: shrinking)
Operating income growth Q −66.01% (below 0%: shrinking)
EPS, this year +21.21% (at or above 15%: strong)
EPS, next year A +130.77% (at or above 15%: strong)
Revenue, next year A +44.47% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.2×, against a ten-year median of 1.4×; over the ten years it ranged from −0.1× in 2025 to 16.6× in 2021.
P/S against its own 10 years 58.43%
10-year low 10-year high
P/B against its own 10 years 62.58%
10-year low 10-year high
EV/Sales against its own 10 years 65.15%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 7 19 5 13
Receivables 3 1 3 6
Inventory 7 8 9 10
Other — — 7 0
17 28 25 31
2023 2024 2025 Q'26
Payables 1 1 5 4
ST’ Debt 0 — — —
Other 0 0 10 3
1 2 15 8

Compound Annual Growth %

10y 5y 3y
Sales — 48.76% 9.11%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 136.91% 4.55%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY22 Estimate 0.01 Actual 0.06

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY22 −0.03 0.00 Beat by 0.03
Q2 FY22 −0.01 −0.04 Miss by 0.03
Q3 FY22 0.01 0.06 Beat by 0.05

EPS $

Mar Jun Sep Dec Year
’26 (0.06) (0.12) — — —
’25 (0.09) (0.09) (0.01) (0.15) (0.33)
’24 (0.48) (0.16) (0.12) (0.32) (1.08)
’23 (0.06) (0.05) (0.09) (0.05) (0.26)
’22 0.00 (0.04) 0.06 (0.09) (0.07)
’21 (0.16) (0.05) (0.06) (0.26) (0.53)
’20 (0.13) (0.10) 0.00 (0.14) (0.37)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 5 8 — — —
’25 4 11 6 4 25
’24 2 3 3 2 10
’23 4 4 3 4 16
’22 5 5 5 4 19
’21 0 1 1 3 5
’20 1 1 1 1 3
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (6) — — —
’25 (2) (2) (1) (3) (9)
’24 (1) (1) (2) (1) (5)
’23 (1) (1) (1) (2) (3)
’22 (2) (1) 0 0 (3)
’21 (1) (1) (1) 0 (2)
’20 0 0 0 0 (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (6) — — —
’25 (2) (6) (3) (4) (14)
’24 (1) (1) (2) (1) (5)
’23 (1) (1) (1) (2) (4)
’22 (2) (2) (1) 0 (4)
’21 (1) (1) (1) 0 (3)
’20 0 0 0 0 (1)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2 1 2 3 3 5 19 16 10 25 24 +32.2% 36 60 — +54.3%
Gross margin, % 61.10 57.70 57.61 50.15 36.27 24.50 46.02 46.68 36.65 23.93 36.68 (37.2) pt
EBT 0 0 0 0 (1) (5) (1) (2) (11) (7) (8) n/m
EBT margin, % 22.41 (7.03) 13.72 0.19 (29.66) (90.21) (3.49) (15.67) (118.08) (27.76) (33.31) (50.2) pt
Net income 0 0 0 0 (1) (5) (1) (2) (11) (7) (8) n/m
Per share, $
Per share, $ Revenue 0.88 0.60 1.00 1.29 1.24 0.59 2.02 1.61 0.88 1.20 0.94 +3.5%
Earnings 0.20 (0.04) 0.14 0.00 (0.37) (0.51) (0.07) (0.26) (1.08) (0.33) (0.34) n/m
Cash flow 0.15 (0.07) 0.15 (0.01) (0.19) (0.25) (0.36) (0.36) (0.49) (0.41) (0.51) n/m
Capex 0.00 0.00 0.00 (0.01) (0.03) (0.12) (0.08) (0.10) 0.00 (0.27) (0.05) n/m
Free cash flow 0.15 (0.07) 0.15 (0.01) (0.21) (0.37) (0.43) (0.46) (0.50) (0.69) (0.56) n/m
Book value 0.26 0.22 0.38 0.45 0.16 3.26 2.99 2.76 3.48 1.57 1.84 +22.1%
Shares, m 2 2 2 2 3 9 10 10 11 21 23 +27.8%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S 0.00 0.00 0.00 0.00 2.95 6.65 1.03 1.22 5.83 2.49 2.67 2.0
P/B 0.00 0.00 0.00 0.00 23.19 1.21 0.69 0.71 1.48 1.91 1.37 2.9
EV/Sales 0.00 0.00 0.00 0.00 3.37 3.30 0.34 0.80 3.89 2.33 2.17 1.4
EV/FCF 0.00 0.00 0.00 0.00 (19.69) (5.33) (1.59) (2.79) (6.93) (6.05) (3.64) (4.2)
Cash, $m
Cash, $m Operating cash flow 0 0 0 0 (1) (2) (3) (3) (5) (9) (13) n/m
Capex 0 0 0 0 0 (1) (1) (1) 0 (6) (1) +94.7%
Free cash flow 0 0 0 0 (1) (3) (4) (4) (5) (14) (14) n/m
Balance, $m
Balance, $m Working capital 1 0 1 1 1 20 18 16 27 10 23 +39.3%
Net debt 0 0 0 1 1 (18) (13) (7) (19) (5) (13) +41.8%
Shareholders’ equity 1 1 1 1 0 29 29 27 37 33 47 +56.1%
Returns, %
Returns, % ROA 63.02 (24.79) 30.04 0.25 (33.23) (25.02) (1.88) (7.24) (30.13) (14.80) (14.94) (77.8) pt
ROIC 0.00 0.00 0.00 2.45 (30.19) (28.08) 0.61 (8.03) (28.96) (16.40) (15.38) (16.4) pt
ROE 83.13 (17.67) 46.48 0.59 (133.72) (32.29) (2.34) (8.89) (35.04) (19.92) (19.39) (103.0) pt
People
People Employees — — — — 16 40 40 46 47 47 — +24.0%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.22 0.13 0.48 0.34 0.20 0.54 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

AmpliTech Group, Inc. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SILC Silicom Ltd $192.8M — (loss-making) — (loss-making) +58.51% (above 0%: growing) n/m −29.51% (below 0%: shrinking) 30.11% (8.37%) Compare
CRNT Ceragon Networks Ltd. $187.2M — (loss-making) 68.7× +14.16% (above 0%: growing) n/m −65.76% (below 0%: shrinking) 31.65% 0.25% Compare
OCC Optical Cable Corporation $102.0M 39.8× — (loss-making) +21.99% (above 0%: growing) +425.00% (above 0%: growing) +156.41% (above 0%: growing) 37.43% 8.69% Compare
AMPG AmpliTech Group, Inc. $79.5M — (loss-making) — (loss-making) −26.81% (below 0%: shrinking) n/m −3.69% (below 0%: shrinking) 27.93% (39.60%)
INSG Inseego $78.8M 33.6× — (loss-making) +9.35% (above 0%: growing) n/m −283.33% (below 0%: shrinking) 33.75% (16.45%) Compare
AIRG Airgain, Inc. $54.8M — (loss-making) — (loss-making) +0.55% (above 0%: growing) n/m −1,715.93% (below 0%: shrinking) 42.26% (12.30%) Compare
WATT Energous Corporation $50.6M — (loss-making) — (loss-making) +216.82% (above 0%: growing) n/m −90.60% (below 0%: shrinking) 3.04% (103.37%) Compare
CMTL Comtech Telecommunications Corp. $38.3M — (loss-making) — (loss-making) −49.20% (below 0%: shrinking) n/m +72.38% (above 0%: growing) (17.94%) (16.71%) Compare
BOSC B.O.S. Better Online Solutions $30.1M 8.0× 8.0× +28.85% (above 0%: growing) +46.15% (above 0%: growing) +208.74% (above 0%: growing) 22.95% 7.20% Compare
Median of peers $66.8M 33.6× — +18.08% — −47.63% 30.88% (10.33%)

All 46 Communication Equipment stocks →

Pay and ownership Proxy statement filed 13 October 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 858.08k 432.95k 141.04
2024 446.15k 942.39k 242.45
2023 657.80k 579.64k 88.68

Ownership

Directors and executive officers, together 12.29%
Fawad Maqbool — Chairman, President, Chief Executive Officer and Chief Technical Officer 10.02%
Bard Associates, Inc. 5.76%
Susquehanna Securities, LLC and affiliates, 5.48%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

AmpliTech Group, Inc. (AMPG) Latest News

27 Oct

Impact 3 · · GlobeNewswire

21 Oct

Impact 4 · · GlobeNewswire

20 Oct

Impact 4 · · GlobeNewswire

14 Oct

Impact 4 · · GlobeNewswire

27 Aug

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25 Aug

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17 Aug

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16 Aug

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15 Aug

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13 Aug

Impact 4 ·
Impact 3 · · MarketBeat
Impact 3 · · Moby

29 Jul

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22 Jul

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20 Jul

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17 Jul

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8 Jul

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7 Jul

Impact 4 · · Stocktwits
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16 Jun

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12 Jun

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10 Jun

Impact 4 · · Simply Wall St.

8 Jun

Impact 4 · · GlobeNewswire

1 Jun

Impact 3 · · Simply Wall St.

25 May

Impact 4 · · Simply Wall St.

23 May

Impact 4 · · Simply Wall St.

21 May

Impact 3 · · GlobeNewswire

20 May

Impact 3 · · GuruFocus.com transcript
stockrow.com/AMPG · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com