STAK Inc. Announces Financial Results for Fiscal Year 2026

Chuanbo Jiang, Chairman and Chief Executive Officer of STAK Inc.

“Fiscal year 2026 demonstrated continued progress in executing our existing business strategy, supported by stronger demand and favorable pricing for our specialized oilfield vehicles, as well as disciplined cost management. Amid improving market conditions, revenue increased 13.21% year-over-year, while we continued to reallocate production and research and development ('R&D') resources toward higher-priced products. This ongoing portfolio optimization spans both specialized oilfield equipment and specialized oilfield vehicles, with an increasing emphasis on higher-value offerings to enhance our product mix and strengthen our competitive positioning. At the same time, we remained focused on balancing strategic investment with operating efficiency. Although we increased sales commissions to support revenue growth, we maintained tight control over administrative expenses and share-based compensation. General and administrative expenses declined by 70.57%, contributing to a 41.06% reduction in total operating expenses, while R&D investment increased by 6.31% to support product development and our ongoing portfolio optimization initiatives. These efforts helped us return to net income of $0.4 million for fiscal year 2026, despite a 3.07% decline in gross profit and a decrease in gross profit margin from 30.86% to 26.43%. This return to profitability underscores the importance of disciplined expense management in improving our bottom-line performance while continuing to invest in future growth. Looking ahead, we will remain focused on executing our existing business strategy, further optimizing our product portfolio, and capitalizing on favorable industry conditions. By aligning production capacity and R&D resources with demand for higher-priced products, while maintaining prudent cost controls and targeted investment, we aim to improve our product mix, enhance operating efficiency, and build a stronger foundation for sustainable, long-term growth across changing market conditions.”