WOLFSPEED, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $757.6M | $807.2M | $758.5M | $572.1M | $525.6M | $470.7M | $538.2M | $924.9M |
| Cost of Revenue | $879.2M | $729.8M | $515.6M | $364.0M | $361.0M | $312.2M | $294.5M | $622.9M |
| Gross Profit | $-121.6M | $77.4M | $242.9M | $208.1M | $164.6M | $158.5M | $243.7M | $302.0M |
| Gross Margin | -16.1% | 9.6% | 32.0% | 36.4% | 31.3% | 33.7% | 45.3% | 32.7% |
| Operating Expenses | ||||||||
| Research & Development | $175.1M | $201.9M | $165.7M | $142.6M | $177.8M | $152.0M | $121.1M | $127.3M |
| SG&A Expense | $190.5M | $246.4M | $214.3M | $183.0M | $181.6M | $181.7M | $168.9M | $170.3M |
| Operating Income | $-1.33B | $-445.3M | $-311.8M | $-203.1M | $-313.9M | $-224.1M | $-93.5M | $-28.0M |
| Operating Margin | -175.4% | -55.2% | -41.1% | -35.5% | -59.7% | -47.6% | -17.4% | -3.0% |
| Interest Expense | — | — | $42.6M | $25.1M | $45.4M | $34.9M | $26.0M | $7.3M |
| Pretax Income | $-1.62B | $-572.5M | $-259.8M | $-241.9M | $-340.2M | $-205.6M | $-122.9M | $-17.6M |
| Income Tax Expense | $-9.7M | $1.1M | $700.0K | $8.2M | $1.1M | $-8.0M | $-4.4M | $-1.2M |
| Net Income | $-1.61B | $-864.2M | $-329.9M | $-200.9M | $-523.9M | $-191.7M | $-375.1M | $-280.0M |
| Net Margin | -212.4% | -107.1% | -43.5% | -35.1% | -99.7% | -40.7% | -69.7% | -30.3% |
| EPS (Basic) | $-11.39 | $-6.88 | $-2.65 | $-1.67 | $-4.66 | $-1.78 | $-3.62 | $-2.81 |
| EPS (Diluted) | $-11.39 | $-6.88 | $-2.65 | $-1.67 | $-4.66 | $-1.78 | $-3.62 | $-2.81 |
| Shares Outstanding (Basic) | 141.3M | 125.7M | 124.4M | 120.1M | 112.3M | 107.9M | 103.6M | 99.5M |
| Shares Outstanding (Diluted) | 141.3M | 125.7M | 124.4M | 120.1M | 112.3M | 107.9M | 103.6M | 99.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |