Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data WOLFSPEED, INC. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
1,617
1,473
1,494
1,080
904
526
572
759
807
758
Cost of revenue
1,130
528
623
295
312
361
364
516
730
879
Gross profit
487
244
302
244
159
165
208
243
77.4
-122
Research and development
169
114
127
121
152
178
143
166
202
175
Selling, general and administrative
283
146
170
169
182
182
183
214
246
191
Operating expenses
498
453
737
Operating income
-10.5
-20.1
-28
-93.5
-224
-314
-203
-312
-445
-1,329
Interest expense
7.3
26
34.9
45.4
25.1
42.6
246
315
Interest income
9.1
13.9
16.3
10.1
11.3
58.2
135
67.6
Other non-operating income
-13
13
10.4
-29.4
18.5
-26.3
-38.8
94.6
119
25.5
Pre-tax income
-23.5
-7.1
-17.6
-123
-206
-340
-242
-260
-573
-1,619
Income tax
-1.97
81
-1.2
-4.4
-8
1.1
8.2
0.7
1.1
-9.7
Income from continuing operations
-88.1
-16.4
-119
-198
-341
-250
-261
-574
-1,609
Net income to minority interests
0
0
0.1
0
1.1
1.4
0
0
Net income
-21.5
-98.1
-280
-375
-192
-524
-201
-330
-864
-1,609
EBITDA
149
130
83.6
-7.3
-127
-193
-91.6
-166
-264
-1,077
EPS, basic
-0.21
-1.00
-2.81
-3.62
-1.78
-4.66
-1.67
-2.65
-6.88
-11.39
EPS, diluted
-0.21
-1.00
-2.81
-3.62
-1.78
-4.66
-1.67
-2.65
-6.88
-11.39
Shares, basic (weighted)
102
98.5
99.5
104
108
112
120
124
126
141
Shares, diluted (weighted)
102
98.5
99.5
104
108
112
120
124
126
141
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
166
133
119
501
449
379
450
1,757
1,046
467
Short-term investments
439
478
268
551
791
776
749
1,198
1,129
488
Receivables
166
148
86.4
129
72.4
95.9
150
155
147
179
Inventory
304
284
152
187
122
167
227
285
441
435
Other current assets
44.8
23.4
12.9
19.7
8.7
27.9
151
132
180
222
Total current assets
1,157
1,101
890
1,413
1,593
1,479
1,762
3,607
3,000
2,542
Property, plant and equipment
600
581
589
625
831
1,292
1,481
2,166
3,652
3,917
Lease right-of-use assets
12.3
12.1
48.5
98
99.2
123
Goodwill
619
619
530
530
350
359
359
359
359
0
Intangible assets
303
274
216
198
157
141
125
23.9
23.9
23.8
Long-term investments
40.2
50.4
57.5
Other non-current assets
9.25
12.7
11.5
5.9
33.6
35.5
83.7
303
225
267
Total assets
2,766
2,650
2,638
2,817
3,231
3,447
3,918
6,587
7,985
6,854
Accounts payable
132
133
68.4
90.7
88.1
44.2
57.8
44.9
53
30.6
Accrued liabilities
44.6
41.9
32.8
34
55.3
17.4
37.2
97.3
Deferred revenue
0
45.8
14.2
22.9
37
39
62.3
50
Short-term debt
0
6,538
Total current liabilities
223
212
249
268
291
449
389
628
665
7,090
Long-term debt
292
0
Lease liabilities
7.5
7.5
43.6
112
114
140
Other non-current liabilities
14.3
20.2
0.5
36.4
43.8
44.5
55.3
143
256
203
Total liabilities
398
427
566
776
1,142
1,330
1,478
4,965
7,103
7,302
Total debt
292
0
6,161
6,538
Paid-in capital
2,360
2,420
2,549
2,874
3,106
3,677
4,228
3,711
3,822
4,094
Retained earnings
-0.61
-203
-483
-848
-1,039
-1,563
-1,764
-2,064
-2,928
-4,538
Other comprehensive income
8.73
5.91
0.6
9.5
16
2.7
-25.3
-25.1
-11.6
-3.8
Shareholders' equity
2,368
2,223
2,067
2,036
2,083
2,117
2,439
1,622
882
-447
Minority interests
0
0
5
5
6.1
0
Total equity
2,368
2,223
2,072
2,041
2,089
2,117
2,439
1,622
882
-447
Total liabilities and equity
2,766
2,650
2,638
2,817
3,231
3,447
3,918
6,587
7,985
6,854
Shares outstanding
101
97.7
101
107
109
116
124
125
126
156
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-21.5
-98.1
-280
-375
-191
-523
-201
-330
-864
-1,609
Depreciation and amortization
159
151
112
86.2
97.1
121
112
146
181
252
Stock-based compensation
58.7
47.7
37.9
42.9
47.2
53.2
53.7
72.7
84.9
73.3
Deferred income tax
-15.8
65.5
-42.8
-6.6
-1
0.7
-0.1
-0.2
0
-10.3
Change in receivables
21.8
17
-16.4
-10.4
-3.2
-23.5
-54.3
-4.6
7.4
-31.4
Change in inventory
-23.3
10.5
9.5
-24.3
-8.5
-44.6
-59.2
-93.1
-166
-5.5
Change in payables
30.3
27
-45.8
-48.7
Cash from operations
203
221
174
202
-29
-126
-154
-143
-726
-712
Capital expenditures
-120
-86.9
-172
-125
-230
-571
-637
-950
-2,274
-1,271
Acquisitions
-12.5
0
-429
0
0
Purchases of investments
-221
-200
-201
-517
-821
-475
-475
-1,191
-1,601
-391
Sales and maturities of investments
313
126
224
Cash from investing
-7.9
-145
-424
-227
-487
-449
-391
-1,147
-1,943
-268
Debt issued
468
670
95
Debt repaid
-483
-523
-387
0
0
Stock issued
21.7
17.7
92.6
158
76.4
540
22.4
23.8
23.4
204
Share buybacks
-150
-104
0
0
Cash from financing
-168
-109
237
407
464
504
616
2,597
1,958
400
Exchange rate effect
-1.11
-0.1
0.2
-0.1
-0.1
0.2
-0.2
0
-0.2
1
Net change in cash
26.4
-33.5
-13.7
382
-51.7
-69.8
70.5
1,308
-711
-579
Free cash flow
83.3
134
1.2
77.6
-259
-696
-791
-1,092
-3,000
-1,983
Interest paid
3.11
3.6
6.1
4
5.9
14.1
3.2
28.7
214
130
Income taxes paid
14.7
8.5
0.1
0.5
3.6
11
-4.4
2.9
9.8
0.8
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to March 29, 2026; growth uses fiscal years. Valuation uses the share price of $27.57 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-38.3%
Gross profit / revenue.
Operating margin
-83.6%
Operating income / revenue.
EBITDA margin
-54.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-68.7%
Pre-tax income / revenue.
Net margin
-69.3%
Net income / revenue.
FCF margin
-58.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-20.1%
Cash from operations / revenue.
Return on equity (ROE)
-48.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-15.7%
Net income / average total assets.
Return on invested capital (ROIC)
-23.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
16.2%
Research and development expense / revenue.
SG&A / revenue
20.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
6.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
38.7%
Capital expenditures / revenue.
D&A / revenue
29.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-6.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
9.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-3.5%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-257.1%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-150.7%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-14.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
20.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
16.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
12.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
5.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
5.5%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
7.03x
Current assets / current liabilities.
Quick ratio
5.19x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
4.79x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.68x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
54.7%
Total debt / total assets.
Liabilities / assets
67.5%
Total liabilities / total assets.
Net debt
$555.7M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$10.73
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$18.13
Revenue / diluted weighted shares.
FCF per share
-$10.66
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$3.64
Cash from operations / diluted weighted shares.
Book value per share
$21.14
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
2.01x
Market cap / revenue.
P/B
1.40x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.34x
Market cap / tangible book value, when positive.
EV/Sales
2.79x
Enterprise value / revenue.
FCF yield
-29.2%
Free cash flow / market cap.
Earnings yield
-34.5%
Net income / market cap (the inverse of P/E).
What was WOLFSPEED, INC.'s revenue in fiscal 2025?
WOLFSPEED, INC. reported revenue of $757.6M for fiscal 2025, 6.1% lower than the year before.
Was WOLFSPEED, INC. profitable in fiscal 2025?
No. It reported a net loss of $1.61B.
How much free cash flow did WOLFSPEED, INC. generate in fiscal 2025?
Cash from operations of $711.7M minus capital expenditures of $1.27B left free cash flow of -$1.98B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.