Globalfoundries (GFS) financial statements
Globalfoundries reported revenue of $6.8B in fiscal 2025, up 2.6% a year over 6 years.
Net income was $885M and the operating margin 11.7%, against -28.0% in 2019.
Free cash flow was $1.0B.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Globalfoundries's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $5.8B | $4.9B | $6.6B | $8.1B | $7.4B | $6.8B | $6.8B |
| Cost of revenue | $6.3B | $5.6B | $5.6B | $5.9B | $5.3B | $5.1B | $5.1B |
| Gross profit | -$532M | -$712M | $1.0B | $2.2B | $2.1B | $1.7B | $1.7B |
| Research and development | $583M | $476M | $478M | $482M | $428M | $496M | $518M |
| Selling, general and admin | $446M | $445M | $595M | $496M | $473M | $427M | $375M |
| Operating income | -$1.6B | -$1.7B | -$60M | $1.2B | $1.1B | -$214M | $797M |
| Interest expense | $230M | $154M | $114M | $111M | $137M | $145M | $93M |
| Pre-tax income | -$1.1B | -$1.4B | -$176M | $1.5B | $1.1B | -$170M | $911M |
| Income tax | $224M | -$12M | $78M | $86M | $66M | $92M | $23M |
| Net income | -$1.4B | -$1.4B | -$250M | $1.4B | $1.0B | -$265M | $885M |
| EPS (diluted) | -$2.72 | -$2.70 | -$0.49 | $2.62 | $1.83 | -$0.48 | $1.59 |
| Diluted shares | 504M | 500M | 506M | 552M | 556M | 553M | 558M |
| Gross margin | -9.2% | -14.7% | 15.4% | 27.6% | 28.4% | 24.5% | 24.9% |
| Operating margin | -28.0% | -34.1% | -0.9% | 14.4% | 15.3% | -3.2% | 11.7% |
| Net margin | -23.6% | -27.8% | -3.8% | 17.9% | 13.8% | -3.9% | 13.0% |
Balance sheet
Fiscal years, from Globalfoundries's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $997M | $908M | $2.9B | $2.4B | $2.4B | $2.2B | $1.8B |
| Receivables | — | $767M | $872M | $824M | $1.0B | $906M | $1.0B |
| Inventory | — | $920M | $1.1B | $1.3B | $1.5B | $1.6B | $1.6B |
| Total current assets | — | $3.0B | $5.3B | $5.8B | $6.3B | $6.4B | $6.2B |
| Property, plant and equipment | — | $8.2B | $8.7B | $10.6B | $9.8B | $7.8B | $7.2B |
| Total assets | — | $12.3B | $15.0B | $17.8B | $18.0B | $16.8B | $17.1B |
| Total current liabilities | — | $1.9B | $3.2B | $3.4B | $3.1B | $3.0B | $2.4B |
| Long-term debt | — | $2.0B | $1.7B | $2.3B | $1.8B | $1.1B | $1.1B |
| Total liabilities | — | $5.1B | $7.0B | $7.9B | $6.9B | $6.0B | $5.2B |
| Shareholders' equity | $9.0B | $7.2B | $8.0B | $9.9B | $11.1B | $10.8B | $11.9B |
| Net debt | -$997M | $1.0B | -$1.2B | -$64M | -$586M | -$1.1B | -$744M |
Cash flow
Fiscal years, from Globalfoundries's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $497M | $1.0B | $2.8B | $2.6B | $2.1B | $1.7B | $1.7B |
| Capital spending | $773M | $735M | $1.9B | $3.1B | $1.8B | $625M | $722M |
| Free cash flow | -$276M | $269M | $967M | -$435M | $321M | $1.1B | $1.0B |
| Stock-based compensation | $0 | $1M | $223M | $181M | $150M | $186M | $200M |
| Share buybacks (net) | — | — | — | $0 | $0 | -$200M | $0 |
| Net borrowing | $2.6B | $2.7B | $617M | $971M | -$182M | -$544M | -$737M |
| Free cash flow margin | -4.7% | 5.5% | 14.7% | -5.4% | 4.3% | 16.3% | 14.9% |
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Open GFS in InvestinglyQuestions
What was Globalfoundries's revenue in 2025?
$6.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Globalfoundries generate?
$1.0B in fiscal 2025 (operating cash flow minus capital spending).
From Globalfoundries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.