Senstar Technologies (SNT) Q3 2025 earnings summary

Executive summary

• Revenue from four core verticals increased 12% year-over-year and 23% year-to-date, with strong performance in corrections and energy sectors.

• Q3 2025 revenue was $9.5 million, down 2.1% year-over-year, but year-to-date revenue rose 8%.

• Net income for Q3 was $1 million, with $3.2 million year-to-date, a significant improvement over the prior year.

• EBITDA for Q3 2025 was $1.3 million, down from $2 million last year; year-to-date EBITDA increased to $3.7 million from $3 million.

• Ended Q3 2025 with $21.7 million in cash and short-term deposits and no debt.

Financial highlights

• Gross margin for Q3 was 67.3%, slightly down from 68% last year.

• Operating income for Q3 was $1.1 million (12.1% margin), down 37% year-over-year; year-to-date operating income up 31%.

• Net income attributable to shareholders was $1 million ($0.04/share), down from $1.3 million ($0.06/share) last year.

• Operating expenses were $5.2 million (55% of revenue), up 10% year-over-year, mainly due to a one-time consulting fee.

• Financial income increased to $282,000 from $111,000 year-over-year.

Segment performance

• North America accounted for 51% of Q3 revenue, up from 43% last year, with U.S. revenue up 22% year-over-year.

• EMEA revenue declined 10% in Q3 but grew 15% year-to-date.

• APAC revenue declined 14% in Q3 due to a phased-out contract; business development is stabilizing the region.

• Canada’s Q3 revenue declined 21% but increased 7% year-to-date.

• Core vertical revenues grew double digits in both the quarter and year-to-date, driven by increased investment in infrastructure protection.