Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, today announced financial and operating results for the fourth quarter and full year ended December 31, 2025.
The Company closed FY2025 with ~$46.9 million in revenue and gross margin expanding to 23.0%, reflecting acquisition-driven scale and a higher-margin product mix.
For FY2026, Capstone expects revenue to rise 54% to $72.1 million, gross margin to reach 26%, and EBITDA to increase more than fourfold to approximately $3.8 million, driven by operating leverage, product expansion, and geographic expansion.
“It was a transformational year for Capstone,” said CEO Matthew Lipman. “Synergies from our recent acquisitions are enabling margin growth and operating leverage across the platform. With a full year of contributions from these assets, along with our product and geographic expansion, we expect 2026 to deliver a sharp increase in both revenue and EBITDA.”
Financial guidance involves revenue of $72.1 Million, or 54%. Revenue growth reflects a full year of contributions from acquired subsidiaries, continued organic growth including the Eldorado Stone distribution, and expansion into new geographies and customer segments.
EBITDA is expected to reach approximately $3.8 million, driven by fixed-cost leverage, improved product mix, and operating efficiencies. The Company expects to achieve a positive EBITDA run-rate beginning in the second quarter.
CAPS shares captured three cents, or 5.4%, to 62 cents.
