RCON

MKT CAP:$30M

Recon Technology, Ltd.

Market Cap

$30M

Energy·Oil & Gas Equipment & Services·🇨🇳 China·NASDAQ

Energy·Oil & Gas Equipment & Services·🇨🇳·NASDAQ

Stock Price

$0.94-$0.61 (-39.03%)

Apr 22, 2026

Company Details

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other hardware related to oilf...

CEO

Shenping Yin

IPO Date

Jul 30, 2009

Website

www.recon.cn

Key Metrics TTM

Revenue

$10M

-26.8% YoY

Net Income

-$6M

EPS (Diluted)

-$0.68

Free Cash Flow

-$6M

Revenue / Share

$1.05

Gross Margin

23.0%

Operating Margin

-86.5%

Net Margin

-64.3%

FCF Margin

-65.9%

P/S

3.1x

P/E

—

Earnings Reports

FY 2025

Oct 15, 2025

$10M-3.7%EPS -$0.68

Q4 2025

Oct 15, 2025

$2M+2.6%EPS -$0.17

Q3 2025

Mar 31, 2025

$2M+2.6%EPS -$0.17

Q2 2025

Mar 31, 2025

$3M-52.5%EPS -$0.17

Q1 2025

Sep 30, 2024

$3M-7.0%EPS -$0.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$2M	$36.4K	-$4M
Q4 21	$2M	$36.4K	-$4M
Q1 22	$4M	$1M	-$3M
Q2 22	$4M	$1M	-$3M
Q3 22	$2M	$381.4K	-$3M
Q4 22	$2M	$381.4K	-$3M
Q1 23	$3M	$959.4K	-$1M
Q3 23	$2M	$455.4K	-$4M
Q1 24	$3M	$884.4K	-$2M
Q2 24	$6M	$2M	-$3M
Q3 24	$2M	$650.8K	-$4M
Q4 24	$2M	$650.8K	-$4M
Q1 25	$3M	$975.7K	-$2M
Q2 25	$3M	$975.7K	-$2M
Q3 25	$2M	$137.8K	-$2M
Q4 25	$2M	$137.8K	-$2M

Valuation

Quarter	P/S	P/E
Q3 21	19.6x	—
Q4 21	10.8x	—
Q1 22	9.3x	15.6x
Q2 22	4.0x	3.2x
Q3 22	3.1x	2.5x
Q4 22	1.9x	1.7x
Q1 23	1.8x	5.6x
Q3 23	1.4x	—
Q1 24	1.4x	—
Q2 24	0.8x	—
Q3 24	0.5x	—
Q4 24	0.3x	—
Q1 25	0.6x	—
Q2 25	0.6x	—
Q3 25	1.2x	—
Q4 25	1.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$1M	-$1M
Q4 21	-$1M	-$1M
Q1 22	-$2M	-$2M
Q2 22	-$2M	-$2M
Q3 22	-$234.3K	-$260.2K
Q4 22	-$234.3K	-$260.2K
Q1 23	-$2M	-$2M
Q3 23	-$2M	-$2M
Q1 24	-$482.9K	-$498.7K
Q2 24	-$482.9K	-$498.7K
Q3 24	-$3M	-$3M
Q4 24	-$3M	-$3M
Q1 25	-$925.4K	-$1M
Q2 25	-$925.4K	-$1M
Q3 25	-$2M	-$2M
Q4 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q3 21	$10.7K
Q4 21	$10.7K
Q1 22	$24.6K
Q2 22	$24.6K
Q3 22	$25.9K
Q4 22	$25.9K
Q1 23	$60.0K
Q3 23	$8.7K
Q1 24	$15.8K
Q2 24	$15.8K
Q3 24	$20.8K
Q4 24	$20.8K
Q1 25	$423.2K
Q2 25	$423.2K
Q3 25	$302.6K
Q4 25	$302.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	-35.6%	+53.4%
Q4 21	-35.6%	+53.4%
Q1 22	+116.2%	+167.7%
Q2 22	+116.2%	+167.7%
Q3 22	+29.0%	-0.2%
Q4 22	+29.0%	-0.2%
Q1 23	-16.3%	-33.9%
Q3 23	-60.4%	-18.5%
Q1 24	+54.1%	-8.4%
Q2 24	+201.7%	+79.2%
Q3 24	-48.2%	+19.5%
Q4 24	+9.5%	-3.2%
Q1 25	-7.0%	+1.3%
Q2 25	-52.5%	-48.2%
Q3 25	+2.6%	-24.6%
Q4 25	+2.6%	-24.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$199.9K	12.0%
Q4 21	$199.9K	12.0%
Q1 22	$2M	58.8%
Q2 22	$2M	58.8%
Q3 22	$1M	55.1%
Q4 22	$1M	55.1%
Q1 23	$445.7K	13.4%
Q3 23	$2M	120.1%
Q1 24	$287.6K	8.7%
Q2 24	$287.6K	4.4%
Q3 24	$1M	82.9%
Q4 24	$1M	82.9%
Q1 25	$391.1K	12.7%
Q2 25	$391.1K	12.7%
Q3 25	$359.9K	20.3%
Q4 25	$359.9K	20.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$152.7K	$2M	$386.4K
Q4 21	$152.7K	$2M	$386.4K
Q1 22	$400.2K	$3M	$345.4K
Q2 22	$400.2K	$3M	$345.4K
Q3 22	$254.8K	$3M	$396.2K
Q4 22	$254.8K	$3M	$396.2K
Q1 23	$373.3K	$2M	$293.8K
Q3 23	$270.1K	$4M	$483.4K
Q1 24	$494.3K	$2M	$332.2K
Q2 24	$967.5K	$2M	$332.2K
Q3 24	$549.7K	$3M	$425.7K
Q4 24	$549.7K	$3M	$425.7K
Q1 25	$742.8K	$2M	$378.3K
Q2 25	$742.8K	$2M	$378.3K
Q3 25	$457.4K	$2M	$304.3K
Q4 25	$457.4K	$2M	$304.3K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$49M	$0	$49M
Q3 22	$46M	$0	$46M
Q4 22	$46M	$0	$46M
Q1 23	$39M	$0	$39M
Q2 23	$39M	$0	$39M
Q3 23	$15M	$27M	$42M
Q4 23	$15M	$27M	$42M
Q1 24	$18M	$20M	$37M
Q2 24	$18M	$20M	$37M
Q3 24	$16M	$13M	$29M
Q4 24	$16M	$13M	$29M
Q1 25	$21M	$0	$21M
Q2 25	$21M	$0	$21M
Q3 25	$14M	$525.9K	$15M
Q4 25	$14M	$525.9K	$15M
Q2 26	$11M	$0	$11M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	1M	+146.4%	+276.4%
Q4 21	1M	0.0%	+276.4%
Q1 22	2M	+59.3%	+292.5%
Q2 22	2M	0.0%	+292.5%
Q3 22	2M	+13.6%	+81.0%
Q4 22	2M	0.0%	+81.0%
Q1 23	2M	+3.4%	+17.5%
Q3 23	2M	+0.7%	+18.3%
Q1 24	3M	+44.2%	+50.2%
Q2 24	3M	0.0%	+50.2%
Q3 24	7M	+170.2%	+292.5%
Q4 24	7M	0.0%	+289.6%
Q1 25	9M	+21.8%	+229.1%
Q2 25	9M	0.0%	+229.1%
Q3 25	9M	+2.6%	+25.0%
Q4 25	9M	0.0%	+25.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$12.4K	134
Q4 21	$9.0K	184
Q1 22	$21.6K	184
Q2 22	$21.6K	184
Q3 22	$11.7K	184
Q4 22	$11.7K	184
Q1 23	$18.1K	184
Q3 23	$8.6K	184
Q1 24	$8.3K	400
Q2 24	$16.2K	400
Q3 24	$4.3K	400
Q4 24	$4.3K	400
Q1 25	$7.7K	400
Q2 25	$7.7K	400
Q3 25	$4.4K	400
Q4 25	$4.4K	400

Revenue / Employee