Cadre Holdings, Inc. reported a significant increase in financial performance for the fiscal year ending December 31, 2025, with net sales reaching $610.3 million, a 7.5% increase from $567.6 million in 2024. The company's net income also rose by 22.2% to $44.1 million, compared to $36.1 million in the previous year. This growth was primarily driven by recent acquisitions, including Zircaloy and TYR Tactical, which contributed to higher demand for duty gear products, although there was a noted decline in explosive ordnance disposal (EOD) products and existing nuclear safety products.
The company’s operational metrics reflected a strong demand for its offerings, with an increase in orders backlog from $128.8 million in 2024 to $189.8 million in 2025. This growth in backlog was attributed to the Zircaloy acquisition, which alone accounted for $51.3 million of the increase. Cadre's workforce expanded to 2,533 employees, with a focus on enhancing its manufacturing capabilities and product development to meet the evolving needs of its customer base, which includes law enforcement and military agencies.
Strategically, Cadre has made significant acquisitions to bolster its market position. In addition to the acquisition of Zircaloy for $98.9 million in April 2025, the company completed the acquisition of TYR Tactical for $174 million in January 2026. These acquisitions are expected to enhance Cadre's product portfolio and expand its international customer base, particularly in Europe, where TYR derives approximately 66% of its revenue from non-U.S. customers. The company aims to leverage operational synergies and advance product development through these strategic moves.
Looking ahead, Cadre Holdings expressed optimism about its growth trajectory, supported by a robust pipeline of new product innovations and geographic expansion initiatives. The company plans to continue investing in research and development to enhance its product offerings and maintain its competitive edge in the safety equipment market. However, it also acknowledged potential challenges, including fluctuations in government funding for law enforcement and military budgets, which could impact future sales. The company remains committed to its mission of providing high-quality safety equipment and maintaining strong relationships with its diverse customer base.
About Cadre Holdings, Inc.
Cadre Holdings, Inc. designs and manufactures safety equipment for law enforcement, first responders, military, and nuclear markets. Its core products include body armor, explosive ordnance disposal gear, duty holsters, and nuclear safety solutions. The company emphasizes high-quality, innovative, and regulation-compliant products, serving a global customer base through direct and indirect channels. Its business model focuses on recurring demand, strategic acquisitions, and international expansion.
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