Kornit Digital (KRNT)
NASDAQ:KRNT
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Kornit Digital
(NASDAQ:KRNT)
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Rating:62Neutral
Price Target:
$15.00
▼(-5.54% Downside)
Action:ReiteratedDate:02/13/26
Score is driven primarily by solid financial resilience (strong balance sheet and improved cash generation) and a constructive earnings outlook focused on expanding recurring ARR, partially offset by continued GAAP unprofitability/negative P/E and technical overbought risk despite an overall uptrend.
Positive Factors
Balance sheet strength
Very low leverage and a sizable equity base give Kornit durable financial flexibility. This conservative capital structure lowers refinancing risk, funds product development, buybacks and ARR investments, and cushions the firm through cyclical equipment demand over the next several quarters.
Negative Factors
Revenue downtrend and remaining unprofitability
A multi-year revenue downtrend limits scale economies and delays pathway to sustained profitability. Even with narrower losses and higher gross margins, persistent top-line pressure can cap operating leverage, constrain R&D returns, and delay consistent positive free cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and a sizable equity base give Kornit durable financial flexibility. This conservative capital structure lowers refinancing risk, funds product development, buybacks and ARR investments, and cushions the firm through cyclical equipment demand over the next several quarters.
Read all positive factors
Kornit Digital (KRNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$711.34M
Dividend YieldN/A
Average Volume (3M)385.45K
Price to Earnings (P/E)―
Beta (1Y)1.90
Revenue Growth9.62%
EPS Growth67.12%
CountryUS
Employees715
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.18
Shares Outstanding44,794,720
10 Day Avg. Volume371,534
30 Day Avg. Volume385,446
Financial Highlights & Ratios
PEG Ratio3.36
Price to Book (P/B)0.91
Price to Sales (P/S)3.11
P/FCF Ratio204.08
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue3.45
Enterprise Value/Gross Profit7.80
Enterprise Value/Ebitda-32.62
Forecast
1Y Price Target
$20.25Price Target Upside27.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.27
Revenue Forecast (FY)$213.63M
Kornit Digital Business Overview & Revenue Model
Company Description
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationall...
How the Company Makes Money
Kornit Digital primarily makes money by selling digital textile printing equipment and by generating recurring revenue from customers who operate that installed base.
1) Equipment (systems) revenue: A major source of revenue comes from the sale o...
Kornit Digital Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
Overall the call presented a constructive transformation story: the company met its 2025 objectives (return to growth, positive adjusted EBITDA, consistent operating cash generation) and materially expanded recurring ARR/AIC revenue and impressions. Customer adoption of flagship products (Apollo, Atlas MAX family) and multiple multi-system renewals/upgrades are strong positives. Offsetting these gains are margin compression (impacted by product mix, tariffs and FX), a decline in Q4 EBITDA versus prior-year quarter, underperformance in roll-to-roll in 2025, and conservative near-term guidance (negative Q1 EBITDA margin and low single-digit revenue growth for 2026) as the business transitions to a more recurring model. On balance the call emphasized durable progress and improved predictability, while acknowledging near-term margin and segment-specific challenges.Positive Updates
Revenue and Profitability Achieved Targets
Q4 revenue of $58.9M (at upper end of guidance) and full year 2025 revenue of $208.2M, up 2% YoY. Company delivered positive adjusted EBITDA for full year 2025 of $1.5M (versus $0.3M prior year) and Q4 adjusted EBITDA of $5.5M. Executed on stated 2025 objectives: returned to revenue growth, achieved positive EBITDA and generated positive operating cash flow.
Negative Updates
Gross Margin Compression
Q4 non-GAAP gross margin fell to 50.7% from 55.1% in Q4 2024 (down 4.4 percentage points). Full year non-GAAP gross margin declined to 47.2% from 48.6% in 2024 (down 1.4 percentage points). Management attributed part of the decline to product mix changes and tariffs.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue and Profitability Achieved Targets
Q4 revenue of $58.9M (at upper end of guidance) and full year 2025 revenue of $208.2M, up 2% YoY. Company delivered positive adjusted EBITDA for full year 2025 of $1.5M (versus $0.3M prior year) and Q4 adjusted EBITDA of $5.5M. Executed on stated 2025 objectives: returned to revenue growth, achieved positive EBITDA and generated positive operating cash flow.
Read all positive updates
Company Guidance
Kornit guided Q1 2026 revenue of $45–49 million with an adjusted EBITDA margin of negative 10% to negative 4% (noting seasonality with margins typically negative in H1), and reiterated full‑year 2026 expectations for low single‑digit revenue growth, stronger profitability expansion and continued positive operating cash flow as AIC/ARR deployments scale. For context, the company enters 2026 with ~$24.8 million in ARR, more than 83% of revenues recurring or highly predictable, cash and marketable securities of ~$491.2 million, Q4 revenue of $58.9 million, FY‑2025 revenue of $208.2 million (+2% YoY), AIC revenue of roughly $15.0 million (up from $3.3 million), Q4 adjusted EBITDA of $5.5 million (reported margin 9.3%, 11.5% constant currency), FY adjusted EBITDA $1.5 million, FY impressions of 243 million (up 11% YoY) with Q4 impressions up a strong double‑digit, and operating cash flow of ~$10.6 million in Q4 and ~$24.4 million for the full year.Kornit Digital Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 208.20M | 203.82M | 219.79M | 271.52M | 322.01M |
| Gross Profit | 92.27M | 91.76M | 66.96M | 96.50M | 151.91M |
| EBITDA | -22.68M | -24.27M | -72.83M | -56.32M | 19.89M |
| Net Income | -13.52M | -16.80M | -64.35M | -79.06M | 15.53M |
Balance Sheet | |||||
| Total Assets | 770.51M | 787.48M | 865.58M | 957.67M | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 457.85M | 463.87M | 332.50M | 400.01M | 648.84M |
| Total Debt | 18.61M | 18.38M | 23.61M | 26.02M | 26.96M |
| Total Liabilities | 57.94M | 60.59M | 69.91M | 88.84M | 121.32M |
| Stockholders Equity | 712.57M | 726.90M | 795.67M | 868.82M | 919.55M |
Cash Flow | |||||
| Free Cash Flow | 3.17M | 33.59M | -41.69M | -117.39M | 39.04M |
| Operating Cash Flow | 24.45M | 48.73M | -34.68M | -99.35M | 53.64M |
| Investing Cash Flow | 3.13M | 31.49M | 26.21M | -407.27M | 89.75M |
| Financing Cash Flow | -27.11M | -84.81M | -56.52M | -332.00K | 342.38M |
Kornit Digital Technical Analysis
Positive
15.88
Price Trends
14.87
Positive
14.38
Positive
15.21
Positive
Market Momentum
0.24
Negative
62.84
Neutral
85.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KRNT, the sentiment is Positive. The current price of 15.88 is above the 20-day moving average (MA) of 14.78, above the 50-day MA of 14.87, and above the 200-day MA of 15.21, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 62.84 is Neutral, neither overbought nor oversold. The STOCH value of 85.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KRNT.
Kornit Digital Risk Analysis
Kornit Digital disclosed 44 risk factors in its most recent earnings report. Kornit Digital reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Our results of operations depend in part on achieving market acceptance for our new products. Q4, 2023
Kornit Digital Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $711.34M | -47.93 | -1.90% | ― | 9.62% | 67.12% | |
54 Neutral | $49.42M | 12.35 | 8.34% | ― | -1.47% | 52.65% | |
48 Neutral | $27.06M | -13.40 | -6.24% | ― | 19.84% | 95.71% | |
| ― | $29.84M | -0.23 | 209.77% | ― | -98.20% | 93.77% | |
43 Neutral | $28.12M | -3.96 | -118.04% | ― | 176.99% | -30.97% |
* Industrials Sector Average
KRNT
Kornit Digital
15.88
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.