PBYI (PBYI) financial statements
PBYI reported revenue of $228M in fiscal 2025, up 30.2% a year over 8 years.
Net income was $31M.
Free cash flow was $42M.
The diluted share count rose 52% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PBYI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $28M | $251M | $272M | $225M | $253M | $228M | $236M | $230M | $228M |
| Cost of revenue | — | $6M | $35M | $37M | $39M | $64M | $55M | $63M | $64M | $58M |
| Gross profit | — | $22M | $216M | $235M | $186M | $189M | $173M | $173M | $166M | $170M |
| Research and development | $223M | $208M | $165M | $133M | $98M | $72M | $52M | $50M | $55M | $62M |
| Selling, general and admin | $54M | $107M | $146M | $142M | $118M | $116M | $90M | $90M | $80M | $71M |
| Operating income | -$277M | -$292M | -$95M | -$39M | -$30M | $1M | $24M | $33M | $31M | $37M |
| Interest expense | — | $720,000 | $11M | $15M | $14M | $13M | $12M | $13M | $12M | $7M |
| Pre-tax income | — | — | -$114M | -$76M | -$60M | -$29M | $457,000 | $23M | $24M | $36M |
| Income tax | $0 | $0 | $17,000 | $53,000 | $207,000 | $324,000 | $455,000 | $1M | -$6M | $5M |
| Net income | -$276M | -$292M | -$114M | -$76M | -$60M | -$29M | $2,000 | $22M | $30M | $31M |
| EPS (diluted) | -$8.29 | -$7.85 | -$2.99 | -$1.95 | -$1.52 | -$0.72 | $0.00 | $0.45 | $0.62 | $0.61 |
| Diluted shares | 33M | 37M | 38M | 39M | 40M | 41M | 45M | 48M | 49M | 51M |
| Gross margin | — | 79.9% | 86.2% | 86.5% | 82.5% | 74.8% | 75.8% | 73.4% | 72.1% | 74.5% |
| Operating margin | — | -1056.1% | -37.7% | -14.3% | -13.5% | 0.5% | 10.4% | 13.9% | 13.4% | 16.3% |
| Net margin | — | -1054.6% | -45.3% | -27.8% | -26.7% | -11.5% | 0.0% | 9.2% | 13.1% | 13.6% |
Balance sheet
Fiscal years, from PBYI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $229M | $82M | $165M | $112M | $80M | $70M | $47M | $49M | $87M | $92M |
| Receivables | — | $10M | $21M | $29M | $26M | $33M | $40M | $48M | $32M | $54M |
| Inventory | — | $2M | $3M | $3M | $3M | $7M | $5M | $7M | $9M | $6M |
| Total current assets | $236M | $106M | $203M | $166M | $146M | $140M | $134M | $156M | $148M | $163M |
| Property, plant and equipment | $5M | $4M | $4M | $3M | $2M | $2M | $1M | $855,000 | $515,000 | $187,000 |
| Total assets | $253M | $166M | $259M | $235M | $244M | $227M | $222M | $231M | $213M | $216M |
| Total current liabilities | $37M | $58M | $67M | $91M | $114M | $110M | $77M | $99M | $96M | $81M |
| Long-term debt | — | — | — | $95M | $84M | $97M | $98M | $66M | $22M | $0 |
| Total liabilities | $43M | $112M | $225M | $217M | $250M | $229M | $200M | $177M | $121M | $86M |
| Shareholders' equity | $210M | $53M | $34M | $17M | -$6M | -$2M | $22M | $53M | $92M | $130M |
| Net debt | -$194M | -$82M | -$108M | $35M | $13M | $34M | $22M | $15M | -$2M | -$7M |
Cash flow
Fiscal years, from PBYI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$142M | -$172M | -$24M | $22M | $773,000 | $21M | -$16M | $27M | $39M | $42M |
| Capital spending | $4M | $431,000 | $439,000 | $306,000 | $46,000 | $0 | $0 | $140,000 | $56,000 | $71,000 |
| Free cash flow | -$146M | -$173M | -$25M | $22M | $727,000 | $21M | -$16M | $27M | $39M | $42M |
| Stock-based compensation | $117M | $109M | $87M | $57M | $37M | $33M | $12M | $10M | $8M | $7M |
| Net borrowing | — | $50M | $105M | -$55M | $0 | -$2M | $0 | $0 | -$33M | -$44M |
| Free cash flow margin | — | -624.5% | -9.8% | 8.1% | 0.3% | 8.2% | -6.9% | 11.4% | 16.9% | 18.3% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for PBYI.
Open PBYI in InvestinglyQuestions
What was PBYI's revenue in 2025?
$228M in fiscal 2025, from its 10-K filing.
How much free cash flow does PBYI generate?
$42M in fiscal 2025 (operating cash flow minus capital spending).
From PBYI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.