Illumina Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.34B | $4.37B | $4.50B | $4.53B | $3.24B | $3.54B | $3.33B | $2.75B |
| Cost of Revenue | $1.47B | $1.51B | $1.76B | $1.37B | $1.04B | $1.08B | $1.03B | $926.0M |
| Gross Profit | $2.87B | $2.86B | $2.74B | $3.15B | $2.20B | $2.47B | $2.30B | $1.83B |
| Gross Margin | 66.1% | 65.4% | 60.9% | 69.7% | 68.0% | 69.6% | 69.0% | 66.4% |
| Operating Expenses | ||||||||
| Research & Development | $967.0M | $1.17B | $1.35B | $1.19B | $682.0M | $647.0M | $623.0M | $546.0M |
| SG&A Expense | $1.09B | $1.09B | $1.61B | $2.09B | $941.0M | $835.0M | $794.0M | $674.0M |
| Operating Income | $807.0M | $-833.0M | $-1.07B | $-123.0M | $580.0M | $985.0M | $883.0M | $606.0M |
| Operating Margin | 18.6% | -19.1% | -23.7% | -2.7% | 17.9% | 27.8% | 26.5% | 22.0% |
| Interest Expense | — | — | $77.0M | $61.0M | $49.0M | $52.0M | $57.0M | $37.0M |
| Pretax Income | $1.09B | $-1.18B | $-1.12B | $884.0M | $856.0M | $1.12B | $894.0M | $1.04B |
| Income Tax Expense | $236.0M | $44.0M | $44.0M | $122.0M | $200.0M | $128.0M | $112.0M | $365.0M |
| Net Income | $850.0M | $-1.22B | $-1.16B | $762.0M | $656.0M | $1.00B | $826.0M | $726.0M |
| Net Margin | 19.6% | -28.0% | -25.8% | 16.8% | 20.3% | 28.3% | 24.8% | 26.4% |
| EPS (Basic) | $5.47 | $-7.69 | $-7.34 | $5.07 | $4.48 | $6.81 | $5.63 | $4.96 |
| EPS (Diluted) | $5.45 | $-7.69 | $-7.34 | $5.04 | $4.45 | $6.74 | $5.56 | $4.92 |
| Shares Outstanding (Basic) | 155.0M | 159.0M | 158.0M | 150.0M | 147.0M | 147.0M | 147.0M | 146.0M |
| Shares Outstanding (Diluted) | 156.0M | 159.0M | 158.0M | 151.0M | 148.0M | 149.0M | 149.0M | 148.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |