Arm Holdings (ARM) financial statements
Arm Holdings reported revenue of $4.9B in fiscal 2026, up 16.2% a year over 4 years.
Net income was $904M and the operating margin 18.3%, against 23.4% in 2022.
Free cash flow was $979M.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Arm Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | $3.2B | $4.0B | $4.9B |
| Cost of revenue | $131M | $106M | $154M | $121M | $121M |
| Gross profit | $2.6B | $2.6B | $3.1B | $3.9B | $4.8B |
| Research and development | $995M | $1.1B | $2.0B | $2.1B | $2.8B |
| Selling, general and admin | $897M | $762M | $983M | $984M | $1.1B |
| Operating income | $633M | $671M | $111M | $831M | $900M |
| Pre-tax income | $786M | $671M | $212M | $720M | $1.2B |
| Income tax | $110M | $147M | -$94M | -$72M | $253M |
| Net income | $549M | $524M | $306M | $792M | $904M |
| EPS (diluted) | $0.54 | $0.51 | $0.29 | $0.75 | $0.85 |
| Diluted shares | 1.03B | 1.03B | 1.04B | 1.06B | 1.07B |
| Gross margin | 95.2% | 96.0% | 95.2% | 97.0% | 97.5% |
| Operating margin | 23.4% | 25.0% | 3.4% | 20.7% | 18.3% |
| Net margin | 20.3% | 19.6% | 9.5% | 19.8% | 18.4% |
Balance sheet
Fiscal years, from Arm Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.0B | $2.2B | $2.9B | $2.8B | $3.6B |
| Receivables | — | $999M | $781M | $1.1B | $1.3B |
| Total current assets | — | $3.5B | $4.2B | $4.8B | $6.2B |
| Property, plant and equipment | — | $185M | $215M | $354M | $772M |
| Goodwill | — | $1.6B | $1.6B | $1.6B | $1.6B |
| Total assets | — | $6.9B | $7.9B | $8.9B | $10.7B |
| Total current liabilities | — | $1.4B | $1.5B | $929M | $1.0B |
| Total liabilities | — | $2.8B | $2.6B | $2.1B | $2.4B |
| Shareholders' equity | $3.5B | $4.1B | $5.3B | $6.8B | $8.3B |
| Net debt | -$1.0B | -$1.6B | -$1.9B | -$2.1B | -$2.8B |
Cash flow
Fiscal years, from Arm Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $458M | $739M | $1.1B | $397M | $1.5B |
| Capital spending | $34M | $64M | $92M | $219M | $545M |
| Free cash flow | $424M | $675M | $998M | $178M | $979M |
| Stock-based compensation | $26M | $79M | $1.0B | $820M | $1.1B |
| Free cash flow margin | 15.7% | 25.2% | 30.9% | 4.4% | 19.9% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ARM.
Open ARM in InvestinglyQuestions
What was Arm Holdings's revenue in 2026?
$4.9B in fiscal 2026, from its 10-K filing.
How much free cash flow does Arm Holdings generate?
$979M in fiscal 2026 (operating cash flow minus capital spending).
From Arm Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.