Track Group FY25 revenue $35.2M (-5% YoY); operating income turns positive; FY26 guidance $38-39M

Track Group, Inc.

FY25 total revenue $35.2M, down ~5% from $36.9M, driven by declines in Virginia/D.C. monitoring and sale of Chilean subsidiary.
Operating income $1.2M vs loss ($1.9M) in FY24; net loss attributable to common shareholders ($1.9M) vs ($3.1M).
Adjusted EBITDA $5.8M (16.4% margin) vs $5.4M (14.6%) in FY24; cash balance $4.1M vs $3.6M.
Preliminary FY26 outlook: revenue $38M-$39M, Adjusted EBITDA margin 18%-19%.

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