AMBARELLA, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $390.7M | $284.9M | $241.2M | $243.6M | $331.8M | $241.6M | $172.9M | $223.3M |
| Product Revenue | — | — | $241.2M | $243.6M | $331.8M | $241.6M | $172.9M | $223.3M |
| Service Revenue | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $159.4M | $112.5M | $89.7M | $128.7M | $123.7M | $87.4M | $96.0M | $89.6M |
| Gross Profit | $231.3M | $172.3M | $136.8M | $208.9M | $208.1M | $135.6M | $132.7M | $138.1M |
| Gross Margin | 59.2% | 60.5% | 56.7% | 85.8% | 62.7% | 56.1% | 76.8% | 61.9% |
| Operating Expenses | ||||||||
| Research & Development | $238.5M | $226.1M | $215.1M | $204.9M | $167.3M | $140.8M | $129.7M | $128.1M |
| SG&A Expense | $75.3M | $72.8M | $76.3M | $78.2M | $70.4M | $56.0M | $52.6M | $50.5M |
| Operating Income | $-82.5M | $-126.6M | $-154.6M | $-74.3M | $-29.6M | $-61.2M | $-49.6M | $-40.4M |
| Operating Margin | -21.1% | -44.4% | -64.1% | -30.5% | -8.9% | -25.3% | -28.7% | -18.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-73.7M | $-117.7M | $-148.5M | $-70.9M | $-28.6M | $-57.3M | $-41.6M | $-34.6M |
| Income Tax Expense | $2.2M | $-602.0K | $20.9M | $-5.6M | $-2.2M | $2.5M | $3.2M | $-4.1M |
| Net Income | $-75.9M | $-117.1M | $-169.4M | $-65.4M | $-26.4M | $-59.8M | $-44.8M | $-30.4M |
| Net Margin | -19.4% | -41.1% | -70.2% | -26.8% | -8.0% | -24.7% | -25.9% | -13.6% |
| EPS (Basic) | $-1.78 | $-2.84 | $-4.25 | $-1.70 | $-0.72 | $-1.72 | $-1.35 | $-0.93 |
| EPS (Diluted) | $-1.78 | $-2.84 | $-4.25 | $-1.70 | $-0.72 | $-1.72 | $-1.35 | $-0.93 |
| Shares Outstanding (Basic) | 42.7M | 41.3M | 39.9M | 38.4M | 36.6M | 34.7M | 33.1M | 32.7M |
| Shares Outstanding (Diluted) | 42.7M | 41.3M | 39.9M | 38.4M | 36.6M | 34.7M | 33.1M | 32.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |