NRDS (NRDS) financial statements
NRDS reported revenue of $837M in fiscal 2025, up 24.2% a year over 6 years.
Net income was $49M and the operating margin 7.8%, against 12.4% in 2019.
Free cash flow was $113M, and the company returned $70M in net buybacks.
The diluted share count rose 40% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NRDS's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $228M | $245M | $380M | $539M | $599M | $688M | $837M |
| Cost of revenue | $16M | $21M | $28M | $40M | $54M | $64M | $64M |
| Gross profit | $212M | $224M | $351M | $499M | $545M | $624M | $773M |
| Research and development | $46M | $51M | $62M | $78M | $80M | $82M | $67M |
| Selling, general and admin | $138M | $172M | $310M | $434M | $461M | $532M | $641M |
| Operating income | $28M | $2M | -$39M | -$19M | $4M | $9M | $65M |
| Interest expense | $1M | $1M | $1M | $2M | $800,000 | $700,000 | $600,000 |
| Pre-tax income | $28M | $900,000 | -$38M | -$20M | $6M | $5M | $68M |
| Income tax | $4M | -$4M | $5M | -$10M | $18M | -$25M | $20M |
| Net income | $24M | $5M | -$42M | -$10M | -$12M | $30M | $49M |
| EPS (diluted) | $0.45 | $0.09 | -$0.82 | -$0.14 | -$0.15 | $0.38 | $0.64 |
| Diluted shares | 54M | 56M | 52M | 71M | 77M | 79M | 76M |
| Gross margin | 92.9% | 91.3% | 92.5% | 92.6% | 91.0% | 90.8% | 92.4% |
| Operating margin | 12.4% | 0.8% | -10.3% | -3.5% | 0.6% | 1.4% | 7.8% |
| Net margin | 10.6% | 2.2% | -11.2% | -1.9% | -2.0% | 4.4% | 5.8% |
Balance sheet
Fiscal years, from NRDS's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $68M | $83M | $168M | $84M | $100M | $66M | $98M |
| Receivables | — | $37M | $58M | $87M | $76M | $102M | $111M |
| Total current assets | — | $129M | $243M | $189M | $198M | $197M | $245M |
| Property, plant and equipment | — | $28M | $35M | $49M | $53M | $43M | $32M |
| Goodwill | $300,000 | $44M | $44M | $111M | $112M | $112M | $124M |
| Total assets | — | $255M | $364M | $426M | $419M | $438M | $461M |
| Total current liabilities | — | $24M | $66M | $72M | $37M | $60M | $71M |
| Long-term debt | — | $30M | $0 | — | — | — | — |
| Total liabilities | — | $104M | $106M | $84M | $52M | $73M | $87M |
| Shareholders' equity | $8M | $83M | $258M | $342M | $367M | $364M | $374M |
| Net debt | -$68M | -$53M | -$168M | -$84M | -$100M | -$66M | -$98M |
Cash flow
Fiscal years, from NRDS's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $31M | $15M | $7M | $25M | $72M | $72M | $132M |
| Capital spending | $700,000 | $1M | $2M | $32M | $30M | $21M | $18M |
| Free cash flow | $31M | $14M | $5M | -$7M | $43M | $50M | $113M |
| Stock-based compensation | $5M | $6M | $18M | $34M | $39M | $38M | $29M |
| Share buybacks (net) | — | — | — | — | -$20M | -$80M | -$70M |
| Free cash flow margin | 13.4% | 5.7% | 1.3% | -1.3% | 7.1% | 7.3% | 13.6% |
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Open NRDS in InvestinglyQuestions
What was NRDS's revenue in 2025?
$837M in fiscal 2025, from its 10-K filing.
How much free cash flow does NRDS generate?
$113M in fiscal 2025 (operating cash flow minus capital spending).
From NRDS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.