Vicor Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $452.7M | $359.1M | $405.1M | $399.1M | $359.4M | $296.6M | $263.0M | $291.2M |
| Cost of Revenue | $193.3M | $175.1M | $200.1M | $218.5M | $181.2M | $165.1M | $140.0M | $152.2M |
| Gross Profit | $259.4M | $184.0M | $204.9M | $180.6M | $178.2M | $131.4M | $123.0M | $139.0M |
| Gross Margin | 57.3% | 51.2% | 50.6% | 45.2% | 49.6% | 44.3% | 46.8% | 47.7% |
| Operating Expenses | ||||||||
| Research & Development | $78.6M | $68.9M | $67.9M | $60.6M | $53.1M | $50.9M | $46.6M | $44.3M |
| SG&A Expense | $99.0M | $96.9M | $85.7M | $86.3M | $69.5M | $63.2M | $62.6M | $62.2M |
| Operating Income | $81.8M | $-1.3M | $51.4M | $27.2M | $55.6M | $17.4M | $13.8M | $32.1M |
| Operating Margin | 18.1% | -0.4% | 12.7% | 6.8% | 15.5% | 5.9% | 5.3% | 11.0% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $94.6M | $10.5M | $60.2M | $28.7M | $56.8M | $18.5M | $14.9M | $32.9M |
| Income Tax Expense | $-24.0M | $4.3M | $6.6M | $3.3M | $176.0K | $539.0K | $778.0K | $1.1M |
| Net Income | $118.6M | $6.1M | $53.6M | $25.4M | $56.6M | $17.9M | $14.1M | $31.7M |
| Net Margin | 26.2% | 1.7% | 13.2% | 6.4% | 15.8% | 6.0% | 5.4% | 10.9% |
| EPS (Basic) | $2.63 | $0.14 | $1.21 | $0.58 | $1.30 | $0.42 | $0.35 | $0.80 |
| EPS (Diluted) | $2.61 | $0.14 | $1.19 | $0.57 | $1.26 | $0.41 | $0.34 | $0.78 |
| Shares Outstanding (Basic) | 45.0M | 44.9M | 44.3M | 44.0M | 43.7M | 42.2M | 40.3M | 39.9M |
| Shares Outstanding (Diluted) | 45.5M | 45.2M | 45.0M | 44.9M | 45.0M | 43.9M | 41.7M | 40.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |