Mesa Laboratories, Inc. (MLAB)

Nasdaq: MLAB · Industrial Instruments For Measurement, Display, and Control · Lakewood, CO · filing with the SEC since 1995

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in March.

Income statement, by fiscal year, newest first
Fiscal year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Report filed	Jun 3, 2026	May 28, 2025	Jun 28, 2024	May 30, 2023	May 31, 2022	Jun 1, 2021	Jun 1, 2020	Jun 3, 2019	Jun 5, 2018	Jun 7, 2017
Revenue	249,130	240,978	216,187	219,080	184,335	133,937	117,687	103,135	96,179	93,665
Cost of revenue	90,860	90,108	82,937	85,387	75,245	46,923	52,325^r	42,219	41,560	40,426
Gross profit	158,270	150,870	133,250	133,693	109,090	87,014	65,362^r	60,916	54,619	53,239
Research and development	20,308	19,518	19,300	20,490	15,767	10,388	6,355	3,506	3,539	4,157
General and administrative	78,658	73,333	72,867	72,444	60,311	45,788^r	38,174^r	31,295	26,255	22,814
Total operating expenses	139,759	134,534	405,325	130,373	104,388	74,656	57,439	51,135	52,436	36,926
Operating income	18,511	16,336	-272,075	3,320	4,702	12,358	7,923^r	9,781	2,183	16,313
Interest expense	10,692	11,859	5,697	4,770	3,885	8,024	5,504	1,749	1,853	·
Interest and investment income	·	·	·	·	·	107	960	29	5	·
Other income (expense), net	4,195	-1,403	2,124	1,061	2,757	-2,031^r	1,443^r	562^r	-34^r	-2,017
Total non-operating income (expense)	-6,497	-10,375	-3,573	-3,709	-1,128	-10,055	-4,061	-1,158	-1,882	·
Income before income taxes	12,014	5,961	-275,648	-389	3,574	2,303	3,862^r	8,623	301	14,296
Income tax expense	5,302	7,935	-21,402	-1,319	1,703	-971	2,084	1,139	3,263	3,113
Income from continuing operations	12,014	5,961	-275,648	-389	·	·	·	·	·	·
Net income	6,712	-1,974	-254,246	930	1,871	3,274	·	·	·	·
Net income to common shareholders	6,712	-1,974	-254,246	930	1,871	3,274	1,778^r	7,484	-2,962	11,183
Earnings per share, basic	1.22	-0.36	-47.20	0.17	0.36	0.66	0.42^r	1.95	-0.79	3.04
Earnings per share, diluted	1.21	-0.36	-47.20	0.17	0.35	0.64	0.41^r	1.86	-0.79	2.91
Weighted average shares, basic	5,514	5,421	5,386	5,321	5,212	4,975	4,200	3,839	3,770	3,679
Weighted average shares, diluted	5,565	5,421	5,386	5,361	5,335	5,124	4,371	4,033	3,770	3,844

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton MLAB · research, not advice