OPTU (OPTU) financial statements
OPTU reported revenue of $8.6B in fiscal 2025, up 4.0% a year over 9 years.
Net income was -$1.9B and the operating margin -1.3%, against 7.7% in 2016.
Free cash flow was -$119M.
The diluted share count fell 28% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OPTU's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.0B | $9.3B | $9.6B | $9.8B | $9.9B | $10.1B | $9.6B | $9.2B | $9.0B | $8.6B |
| Cost of revenue | — | $3.0B | $3.2B | $3.3B | $3.3B | $3.4B | $3.2B | $3.0B | $2.9B | $2.6B |
| Gross profit | — | $6.3B | $6.4B | $6.5B | $6.6B | $6.7B | $6.4B | $6.2B | $6.1B | $6.0B |
| Research and development | — | — | — | — | — | — | $22M | $33M | — | — |
| Operating income | $463M | $841M | $1.7B | $1.8B | $2.1B | $2.5B | $1.8B | $1.7B | $1.7B | -$113M |
| Interest expense | $1.5B | $1.6B | $1.6B | $1.5B | $1.4B | $1.3B | — | — | — | — |
| Pre-tax income | -$1.1B | -$1.4B | -$18M | $187M | $583M | $1.3B | $517M | $119M | -$82M | -$1.9B |
| Income tax | -$260M | -$2.9B | -$39M | $47M | $140M | $295M | $296M | $40M | -$4M | -$97M |
| Net income | -$832M | $1.5B | $19M | $139M | $436M | $990M | $195M | $53M | -$103M | -$1.9B |
| EPS (diluted) | -$1.28 | $2.15 | $0.03 | $0.21 | $0.75 | $2.14 | $0.43 | $0.12 | -$0.22 | -$4.00 |
| Diluted shares | 650M | 696M | 730M | 663M | 584M | 462M | 453M | 455M | 460M | 468M |
| Gross margin | — | 67.4% | 66.8% | 66.2% | 66.2% | 66.5% | 66.8% | 67.2% | 67.7% | 69.3% |
| Operating margin | 7.7% | 9.0% | 17.6% | 18.7% | 21.4% | 25.0% | 18.7% | 18.4% | 18.8% | -1.3% |
| Net margin | -13.8% | 16.0% | 0.2% | 1.4% | 4.4% | 9.8% | 2.0% | 0.6% | -1.1% | -21.8% |
Balance sheet
Fiscal years, from OPTU's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $487M | $330M | $299M | $702M | $278M | $196M | $305M | $302M | $257M | $1.0B |
| Receivables | $350M | $371M | $448M | $457M | $443M | $407M | $366M | $358M | $332M | $336M |
| Total current assets | $1.7B | $904M | $903M | $1.4B | $977M | $790M | $2.6B | $835M | $731M | $1.6B |
| Property, plant and equipment | $6.6B | $6.0B | $5.8B | $5.8B | $5.8B | $6.3B | $7.5B | $8.1B | $8.4B | $8.4B |
| Goodwill | $8.0B | $8.0B | $8.0B | $8.1B | $8.2B | $8.2B | $8.2B | $8.0B | $8.0B | $8.0B |
| Total assets | $36.5B | $34.8B | $33.6B | $34.1B | $33.4B | $33.2B | $33.7B | $31.9B | $31.7B | $30.7B |
| Total current liabilities | $3.7B | $2.5B | $2.0B | $2.0B | $3.1B | $2.7B | $4.0B | $2.3B | $2.3B | $2.1B |
| Long-term debt | — | — | $22.7B | $24.2B | $25.5B | $25.6B | $24.5B | $24.7B | $24.9B | $26.1B |
| Total liabilities | $34.4B | $29.1B | $29.8B | $31.7B | $34.6B | $34.1B | $34.2B | $32.4B | $32.2B | $33.0B |
| Shareholders' equity | $2.0B | $5.5B | $3.7B | $2.3B | -$1.1B | -$820M | -$475M | -$422M | -$469M | -$2.3B |
| Net debt | -$487M | -$330M | $22.5B | $23.7B | $26.4B | $26.4B | $26.3B | $24.8B | $24.8B | $25.2B |
Cash flow
Fiscal years, from OPTU's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $2.0B | $2.5B | $2.6B | $3.0B | $2.9B | $2.4B | $1.8B | $1.6B | $1.2B |
| Capital spending | $626M | $951M | $1.2B | $1.4B | $1.1B | $1.2B | $1.9B | $1.7B | $1.4B | $1.3B |
| Free cash flow | $559M | $1.1B | $1.4B | $1.2B | $1.9B | $1.6B | $453M | $122M | $149M | -$119M |
| Stock-based compensation | $14M | $57M | $60M | $106M | $125M | $98M | $160M | $48M | $67M | $64M |
| Dividends paid | $366M | $919M | $1.5B | $0 | $0 | — | — | — | — | — |
| Share buybacks (net) | $0 | $0 | -$500M | -$1.7B | -$4.8B | -$805M | $0 | $0 | — | — |
| Net borrowing | — | — | $672M | $1.0B | $1.8B | -$460M | -$193M | $12M | -$8M | $1.3B |
| Free cash flow margin | 9.3% | 11.5% | 14.2% | 12.3% | 19.3% | 16.1% | 4.7% | 1.3% | 1.7% | -1.4% |
| Dividends per share | $0.56 | $1.32 | $2.05 | — | — | — | — | — | — | — |
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Open OPTU in InvestinglyQuestions
What was OPTU's revenue in 2025?
$8.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does OPTU generate?
-$119M in fiscal 2025 (operating cash flow minus capital spending).
From OPTU's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.