Mirion Technologies (MIR) financial statements
Mirion Technologies reported revenue of $925M in fiscal 2025, up 8.6% a year over 9 years.
Net income was $29M and the operating margin 5.6%, against 6.5% in 2019.
Free cash flow was $107M, and the company returned $50M in net buybacks.
The diluted share count rose 4045% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Mirion Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $440M | — | $478M | — | $612M | — | $718M | $801M | $861M | $925M |
| Cost of revenue | $252M | — | $281M | — | $360M | — | $408M | $444M | $461M | $487M |
| Gross profit | $188M | — | $197M | — | $252M | — | $310M | $356M | $400M | $439M |
| Research and development | $14M | — | $16M | — | $29M | — | $30M | $32M | $35M | $39M |
| Selling, general and admin | $145M | $341 | $158M | $2M | $211M | — | $362M | $340M | $341M | $348M |
| Operating income | $29M | — | $23M | — | $11M | — | -$298M | -$22M | $25M | $52M |
| Interest expense | — | — | — | — | — | — | — | $62M | $58M | $42M |
| Pre-tax income | -$126M | -$341 | -$125M | -$46M | -$164M | — | -$307M | -$105M | -$34M | $33M |
| Income tax | -$4M | $0 | -$6M | -$265,897 | -$6M | — | -$18M | -$7M | $3M | $3M |
| Net income | -$122M | -$341 | -$119M | -$45M | -$158M | -$158M | -$277M | -$97M | -$36M | $29M |
| EPS (diluted) | -$19.36 | — | -$18.45 | — | -$24.18 | — | -$1.53 | -$0.49 | -$0.18 | $0.11 |
| Diluted shares | 6M | — | 6M | — | 7M | — | 181M | 196M | 205M | 261M |
| Gross margin | 42.8% | — | 41.2% | — | 41.2% | — | 43.2% | 44.5% | 46.4% | 47.4% |
| Operating margin | 6.5% | — | 4.8% | — | 1.8% | — | -41.5% | -2.7% | 2.9% | 5.6% |
| Net margin | -27.7% | — | -24.9% | — | -25.9% | — | -38.6% | -12.1% | -4.2% | 3.1% |
Balance sheet
Fiscal years, from Mirion Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $36M | $5,000 | $118M | $383,246 | $101M | $84M | $74M | $129M | $175M | $412M |
| Receivables | — | — | $97M | — | $133M | $157M | $171M | $172M | $178M | $182M |
| Inventory | — | — | $90M | — | $113M | $124M | $143M | $144M | $133M | $153M |
| Total current assets | — | $5,000 | $390M | $982,416 | $434M | $453M | $481M | $539M | $595M | $894M |
| Property, plant and equipment | — | — | $75M | — | $89M | $124M | $124M | $134M | $146M | $155M |
| Goodwill | $512M | — | $523M | — | $682M | $1.7B | $1.4B | $1.4B | $1.4B | $1.9B |
| Total assets | — | $5,000 | $1.2B | $751M | $1.5B | $3.1B | $2.7B | $2.7B | $2.6B | $3.6B |
| Total current liabilities | — | $636 | $184M | $73M | $188M | $221M | $244M | $266M | $263M | $316M |
| Long-term debt | — | — | $670M | — | $886M | $807M | $802M | $685M | $685M | $443M |
| Total liabilities | — | $636 | $2.0B | $99M | $2.4B | $1.3B | $1.3B | $1.2B | $1.1B | $1.7B |
| Shareholders' equity | $4,705 | $4,364 | -$719M | -$98M | -$842M | $1.7B | $1.4B | $1.5B | $1.5B | $1.9B |
| Net debt | -$36M | -$5,000 | $592M | -$383,246 | $791M | $727M | $733M | $557M | $511M | $32M |
Cash flow
Fiscal years, from Mirion Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $15M | $0 | $40M | -$945,351 | $54M | — | $39M | $95M | $99M | $143M |
| Capital spending | $16M | — | $20M | — | $23M | — | $34M | $37M | $49M | $36M |
| Free cash flow | -$2M | — | $20M | — | $30M | — | $5M | $58M | $50M | $107M |
| Stock-based compensation | $100,000 | — | $200,000 | — | $0 | — | $32M | $22M | $16M | $15M |
| Share buybacks (net) | — | — | — | — | $0 | — | $0 | $0 | $0 | -$50M |
| Free cash flow margin | -0.4% | — | 4.1% | — | 5.0% | — | 0.7% | 7.3% | 5.8% | 11.6% |
Questions
What was Mirion Technologies's revenue in 2025?
$925M in fiscal 2025, from its 10-K filing.
How much free cash flow does Mirion Technologies generate?
$107M in fiscal 2025 (operating cash flow minus capital spending).
From Mirion Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.