Three-Statement Breakdown
REVENUE UP
Revenue rose 35% year over year to $904.4M, and carried a 3.3% net margin.
REVENUE
+35.3%
904
GROSS PROFIT
+35.3%
546
NET INCOME
-18.5%
29
EPS (DILUTED)
-18.2%
$0.36
| Income statement | 24-09 | 24-12 | 25-03 | 25-06 | 25-09 | 25-12 | 26-03 | QoQ | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 544 | 575 | 604 | 669 | 711 | 797 | 807 | 904 | +12.0% | +35.3% | |
| Cost of revenue | (214) | (229) | (238) | (265) | (283) | (335) | (330) | (358) | +8.4% | +35.2% | |
| Gross profit | 331 | 346 | 366 | 404 | 427 | 461 | 477 | 546 | +14.5% | +35.3% | |
| Research & development | (114) | (135) | (151) | (163) | (177) | (194) | (189) | (209) | +10.4% | +28.4% | |
| SG&A | (192) | (227) | (224) | (242) | (253) | (317) | (259) | (291) | +12.3% | +20.1% | |
| Operating income | 24 | -16 | -9 | -1 | -2 | -50 | 29 | 47 | +60.0% | — | |
| Interest expense | (2) | (2) | (8) | (29) | (29) | (29) | (29) | (28) | -1.9% | -2.0% | |
| Income tax | (13) | -51 | (20) | -75 | (18) | -69 | (31) | (3) | -89.5% | — | |
| Net income | 67 | 135 | 88 | 36 | -2 | 3 | 169 | 29 | -82.6% | -18.5% | |
| EPS (diluted) |
NOT DISCLOSED
10-Q
|
$0.86 | — | $1.08 | $0.44 | -$0.03 | — | $2.05 | $0.36 | -82.4% | -18.2% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM404
REVENUE+236
COST OF REVENUE-93
ROUNDING-1
TO546
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SRC 10-Q FILED 2026-08-06 ↗