PLX (PLX) financial statements
PLX reported revenue of $53M in fiscal 2025, up 21.4% a year over 9 years.
Net income was -$7M and the operating margin -10.4%, against -360.5% in 2016.
Free cash flow was -$14M.
The diluted share count fell 23% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PLX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9M | $21M | $34M | $55M | $63M | $38M | $48M | $65M | $53M | $53M |
| Cost of revenue | $8M | $15M | $9M | $11M | $11M | $16M | $20M | $23M | $24M | $27M |
| Gross profit | $801,000 | $4M | $25M | $44M | $52M | $22M | $28M | $43M | $29M | $26M |
| Research and development | $30M | $32M | $33M | $45M | $38M | $30M | $29M | $17M | $13M | $20M |
| Selling, general and admin | $9M | $12M | $11M | $10M | $11M | $13M | $12M | $15M | $12M | $12M |
| Operating income | -$33M | -$35M | -$19M | -$11M | $3M | -$20M | -$13M | $10M | $4M | -$6M |
| Pre-tax income | — | — | — | — | -$7M | -$28M | -$14M | $9M | $4M | -$6M |
| Income tax | — | — | — | — | — | — | $530,000 | $254,000 | $1M | $996,000 |
| Net income | -$29M | -$83M | -$26M | -$18M | -$7M | -$28M | -$15M | $8M | $3M | -$7M |
| EPS (diluted) | -$0.29 | -$6.37 | -$1.80 | -$1.23 | -$0.22 | -$0.62 | -$0.31 | $0.09 | $0.04 | -$0.08 |
| Diluted shares | 101M | 13M | 15M | 15M | 29M | 44M | 48M | 82M | 81M | 79M |
| Gross margin | 8.7% | 19.0% | 72.8% | 80.1% | 82.7% | 57.4% | 58.9% | 64.9% | 54.5% | 48.8% |
| Operating margin | -360.5% | -163.8% | -56.4% | -19.6% | 4.3% | -53.4% | -27.3% | 16.0% | 7.3% | -10.4% |
| Net margin | -319.2% | -395.9% | -77.3% | -33.4% | -10.4% | -71.9% | -31.3% | 12.7% | 5.5% | -12.5% |
Balance sheet
Fiscal years, from PLX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $63M | $51M | $38M | $18M | $18M | $39M | $17M | $24M | $20M | $15M |
| Receivables | $693,000 | $2M | $5M | $5M | $2M | $3M | $5M | $5M | $3M | $9M |
| Inventory | $5M | $8M | $9M | $8M | $13M | $18M | $17M | $19M | $21M | $26M |
| Total current assets | $72M | $63M | $53M | $32M | $56M | $62M | $45M | $70M | $60M | $67M |
| Property, plant and equipment | $9M | $8M | $6M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
| Total assets | $82M | $72M | $61M | $45M | $68M | $74M | $56M | $84M | $73M | $82M |
| Total current liabilities | $66M | $23M | $25M | $40M | $86M | $33M | $32M | $46M | $26M | $27M |
| Total liabilities | $92M | $102M | $114M | $116M | $95M | $80M | $66M | $51M | $30M | $34M |
| Shareholders' equity | -$10M | -$29M | -$53M | -$70M | -$27M | -$6M | -$11M | $34M | $43M | $48M |
| Net debt | -$63M | -$51M | -$38M | -$18M | -$18M | -$39M | -$17M | -$24M | -$20M | -$15M |
Cash flow
Fiscal years, from PLX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$32M | -$10M | -$8M | -$19M | -$26M | -$10M | -$25M | -$1M | $9M | -$12M |
| Capital spending | $849,000 | $971,000 | $686,000 | $627,000 | $655,000 | $1M | $628,000 | $1M | $1M | $2M |
| Free cash flow | -$33M | -$11M | -$8M | -$20M | -$27M | -$12M | -$26M | -$2M | $7M | -$14M |
| Stock-based compensation | $988,000 | $337,000 | $514,000 | $835,000 | $3M | $2M | $2M | $3M | $3M | $2M |
| Free cash flow margin | -358.2% | -52.0% | -24.6% | -36.5% | -42.5% | -30.6% | -53.8% | -3.8% | 13.8% | -25.8% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for PLX.
Open PLX in InvestinglyQuestions
What was PLX's revenue in 2025?
$53M in fiscal 2025, from its 10-K filing.
How much free cash flow does PLX generate?
-$14M in fiscal 2025 (operating cash flow minus capital spending).
From PLX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.