Ichor Holdings (ICHR) financial statements
Ichor Holdings reported revenue of $948M in fiscal 2025, up 9.9% a year over 9 years.
Net income was -$53M and the operating margin -4.1%, against 5.9% in 2016.
Free cash flow was -$6M.
The diluted share count rose 1640% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ichor Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $406M | $656M | $824M | $621M | $914M | $1.1B | $1.3B | $811M | $849M | $948M |
| Cost of revenue | $340M | $555M | $687M | $534M | $789M | $919M | $1.1B | $708M | $746M | $860M |
| Gross profit | $65M | $101M | $136M | $86M | $125M | $177M | $212M | $103M | $103M | $88M |
| Research and development | $6M | $8M | $9M | $11M | $13M | $16M | $20M | $20M | $23M | $23M |
| Selling, general and admin | $28M | $38M | $47M | $47M | $57M | $66M | $89M | $79M | $79M | $96M |
| Operating income | $24M | $46M | $64M | $15M | $42M | $81M | $86M | -$11M | -$8M | -$39M |
| Interest expense | $4M | $3M | $10M | $11M | $9M | $6M | $11M | $19M | $9M | $7M |
| Pre-tax income | $20M | $43M | $54M | $4M | $32M | $74M | $75M | -$31M | -$18M | -$48M |
| Income tax | -$649,000 | -$14M | -$4M | -$6M | -$988,000 | $3M | $3M | $12M | $3M | $5M |
| Net income | $17M | $56M | $58M | $11M | $33M | $71M | $73M | -$43M | -$21M | -$53M |
| EPS (diluted) | $0.70 | $2.15 | $2.30 | $0.47 | $1.42 | $2.45 | $2.51 | -$1.47 | -$0.64 | -$1.54 |
| Diluted shares | 2M | 26M | 25M | 23M | 23M | 29M | 29M | 29M | 33M | 34M |
| Gross margin | 16.1% | 15.4% | 16.5% | 13.9% | 13.7% | 16.2% | 16.6% | 12.7% | 12.2% | 9.3% |
| Operating margin | 5.9% | 7.0% | 7.8% | 2.4% | 4.5% | 7.4% | 6.7% | -1.3% | -0.9% | -4.1% |
| Net margin | 4.1% | 8.6% | 7.0% | 1.7% | 3.6% | 6.5% | 5.7% | -5.3% | -2.5% | -5.6% |
Balance sheet
Fiscal years, from Ichor Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $51M | $69M | $44M | $61M | $253M | $75M | $86M | $80M | $109M | $98M |
| Receivables | $26M | $49M | $40M | $85M | $101M | $143M | $136M | $67M | $87M | $71M |
| Inventory | $71M | $155M | $121M | $127M | $135M | $236M | $284M | $246M | $250M | $232M |
| Total current assets | $157M | $278M | $212M | $277M | $496M | $463M | $513M | $401M | $453M | $410M |
| Property, plant and equipment | $12M | $34M | $42M | $45M | $42M | $85M | $98M | $93M | $95M | $104M |
| Goodwill | $77M | $169M | $173M | $173M | $175M | $336M | $335M | $335M | $335M | $335M |
| Total assets | $282M | $558M | $485M | $567M | $774M | $1.0B | $1.1B | $938M | $996M | $943M |
| Total current liabilities | $101M | $147M | $88M | $164M | $162M | $208M | $166M | $99M | $136M | $130M |
| Long-term debt | $38M | $180M | $192M | $169M | $192M | $285M | $293M | $241M | $121M | $117M |
| Total liabilities | $141M | $341M | $287M | $345M | $362M | $520M | $496M | $374M | $297M | $279M |
| Shareholders' equity | $142M | $217M | $198M | $221M | $412M | $501M | $587M | $565M | $698M | $664M |
| Net debt | -$13M | $118M | $157M | $117M | -$53M | $217M | $214M | $169M | $20M | $25M |
Cash flow
Fiscal years, from Ichor Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $28M | $39M | $60M | $57M | $38M | $15M | $31M | $58M | $28M | $30M |
| Capital spending | $4M | $8M | $14M | $12M | $10M | $21M | $29M | $15M | $18M | $36M |
| Free cash flow | $23M | $31M | $47M | $45M | $28M | -$6M | $2M | $42M | $10M | -$6M |
| Stock-based compensation | $3M | $2M | $8M | $9M | $10M | $11M | $14M | $17M | $16M | $17M |
| Share buybacks (net) | — | — | -$90M | -$2M | — | — | — | — | — | — |
| Net borrowing | -$15M | $140M | -$9M | — | — | — | — | — | — | — |
| Free cash flow margin | 5.8% | 4.7% | 5.7% | 7.2% | 3.1% | -0.5% | 0.2% | 5.2% | 1.2% | -0.7% |
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Open ICHR in InvestinglyQuestions
What was Ichor Holdings's revenue in 2025?
$948M in fiscal 2025, from its 10-K filing.
How much free cash flow does Ichor Holdings generate?
-$6M in fiscal 2025 (operating cash flow minus capital spending).
From Ichor Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.