PRO DEX INC(PDEX)Stock Analysis
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Rank #342 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PDEX Stock Analysis & AI Quality Score
AI stock analysis and institutional research for PRO DEX INC (PDEX), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores PDEX at 69.9/100 on a 32-signal composite quality model, placing it at rank #342 of 2,879 stocks — the top 25% of the AI-ranked universe. PDEX scores in the top quartile across balance sheet strength (97.9), earnings quality (95.1), profitability (86.6). Areas of concern include revenue scale (14.4) and institutional flow (36.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), PRO DEX INC reports quarterly revenue of $19.9M, net income of $3.9M, an operating margin of 15.5%. Top institutional holders of PDEX by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, PUNCH & ASSOCIATES INVESTMENT MANAGEMENT,, based on the most recent SEC filings. PDEX trades on the Nasdaq exchange and files with the SEC under CIK 788920. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PDEX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PRO DEX INC directly from SEC EDGAR. PRO DEX INC's 13F Pro composite quality score has ranged between 45 and 70 since 2024, currently 69.9 — an improving long-term trajectory across 15 quarterly and live scoring snapshots.
What's Driving PDEX's Business? Latest 10-Q Breakdown
AI-extracted from PRO DEX INC's 10-Q filed 2026-04-30 — Q3 FY2026 (nine months ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales grew 16% YoY to $57.1M; acquisition of precision machining supplier APM for $8.7M completed in February 2026 to support largest customer contract extension through 2028.
Biggest Revenue Drivers
Total revenue: $57.1M+16% YoY
Largest customer contract extension with higher volumes; orthopedic sales up $11.4M YoY.
Fewer repairs of legacy orthopedic handpiece; customer may be replacing with next generation.
Increase in billable contracts for various NRE projects undertaken for customers.
Includes APM sales from acquisition date of February 9, 2026.
Largest Expense Items
Increase consistent with 16% revenue growth; includes $2.3M under-absorption of manufacturing costs and $687K inventory/warranty charges.
Increased personnel costs ($500K), APM subsidiary expenses ($233K), consulting fees from APM seller ($250K), and CEO bonus accrual ($225K).
Decrease due to higher billable project expenses reclassified to cost of sales and reduced IP legal costs; excludes prior-year recruiting fees of $78K.
Lower interest expense despite new Term Loan D debt incurred for APM acquisition.
Margins: Gross margin declined 3 percentage points YoY to 30% for the nine-month period, driven by unfavorable product mix and higher manufacturing under-absorption and inventory reserves related to next-generation handpiece components. Operating margin also compressed as G&A expenses increased 42% YoY, reflecting APM integration costs and elevated personnel expenses.
Watch Items from the Filing
- Customer concentration: largest customer represents 79% of nine-month sales ($44.9M) and 75% of accounts receivable ($14.6M); contract extended through 2028.
- Repair revenue declined 36% YoY ($5.4M decrease) as legacy handpiece repairs decline; no guarantee customer will purchase new generation Helios driver.
- Zimmer Biomet acquisition of Monogram completed October 2025; company received $8.9M in cash and 2.2M contingent value rights worth up to $12.4M if five milestones achieved; first milestone completed Q3 FY2026 generating $2.3M additional gain.
- Total debt outstanding increased to $18.5M at March 31, 2026 (vs. $15.4M at June 30, 2025); additional $11M available on revolving line with UMB Bank.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q3 2026
$19.9M
Net Income
Q3 2026
$3.9M
Free Cash Flow
Q3 2026
$1.5M
Operating Margin
Q3 2026
15.5%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+16.8% YoYNet Income
-69.9% YoYOperating Income
+24.5% YoYEPS (Diluted)
-69.2% YoYTotal Assets
+1.3% YoYTotal Debt
-6.6% YoYOp. Cash Flow
+14.0% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2018 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $53.8M +16.8% | $46.1M +9.6% | $42.0M +20.7% | $34.8M +55.1% | $22.5M +11.4% | $20.2M |
| Net Income | $2.1M -69.9% | $7.1M +54.7% | $4.6M -25.2% | $6.1M +277.1% | $1.6M +97.2% | $822.0K |
| Operating Income | $7.2M +24.5% | $5.8M +12.5% | $5.1M -27.5% | $7.1M +195.4% | $2.4M +196.4% | $807.0K |
| EPS (Diluted) | $0.60 -69.2% | $1.95 +61.2% | $1.21 -19.3% | $1.50 +305.4% | $0.37 +85.0% | $0.20 |
| Total Assets | $52.5M +1.3% | $51.8M +5.6% | $49.1M +57.7% | $31.1M +56.3% | $19.9M +78.7% | $11.1M |
| Total Debt | $12.0M -6.6% | $12.8M -5.8% | $13.6M +193.6% | $4.6M +11190.2% | $41.0K -10.9% | $46.0K |
| Operating Cash Flow | $6.2M +14.0% | $5.5M +744.9% | $-847.0K -117.1% | $4.9M +59.7% | $3.1M +564.4% | $466.0K |
AI Insight: PDEX Ratio Trends
PRO DEX shows highly volatile quarterly performance with ROIC swinging from 10.3% to 41.3% over the past two years.
• Operating margin fluctuated dramatically from 7.7% in Q2 2025 to 20.9% in Q1 2025, indicating unstable operational performance.
• ROE peaked at 45.1% in Q3 2025 but declined to 21.0% in Q4 2025, showing inconsistent profitability patterns.
• ROIC volatility remains extreme, ranging from 10.3% to 41.3% across recent quarters with no clear directional trend.
⚠ Significant quarter-to-quarter margin swings suggest potential operational or market challenges requiring closer monitoring.
⚠ Limited debt-to-equity data points make it difficult to assess capital structure stability and leverage trends.
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Top Institutional Holders of PDEX
BlackRock, Inc.
$7.5M152,515 shVANGUARD CAPITAL MANAGEMENT LLC
$5.5M111,330 shPUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
$3.0M61,735 shDIMENSIONAL FUND ADVISORS LP
$2.8M56,941 shGEODE CAPITAL MANAGEMENT, LLC
$2.4M48,347 shNORTHERN TRUST CORP
$2.3M46,691 shSTATE STREET CORP
$1.6M33,114 shQuadrature Capital Ltd
$736.1K14,986 shMORGAN STANLEY
$698.1K14,213 shBNP PARIBAS FINANCIAL MARKETS
$650.1K13,234 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $7.5M | 152,515 |
| VANGUARD CAPITAL MANAGEMENT LLC | $5.5M | 111,330 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $3.0M | 61,735 |
| DIMENSIONAL FUND ADVISORS LP | $2.8M | 56,941 |
| GEODE CAPITAL MANAGEMENT, LLC | $2.4M | 48,347 |
| NORTHERN TRUST CORP | $2.3M | 46,691 |
| STATE STREET CORP | $1.6M | 33,114 |
| Quadrature Capital Ltd | $736.1K | 14,986 |
| MORGAN STANLEY | $698.1K | 14,213 |
| BNP PARIBAS FINANCIAL MARKETS | $650.1K | 13,234 |
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Popular Research
Is PDEX a good stock to buy?
13F Pro's AI-powered analysis of PRO DEX INC (PDEX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PDEX are available on the PDEX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PDEX?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PDEX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PRO DEX INC's investment landscape.