PSFE (PSFE) financial statements
PSFE reported revenue of $1.7B in fiscal 2025, up 3.1% a year over 6 years.
Net income was -$183M and the operating margin 4.2%, against 3.7% in 2019.
Free cash flow was $224M.
The diluted share count fell 92% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PSFE's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.5B | $1.5B | $1.6B | $1.7B | $1.7B |
| Cost of revenue | $509M | $535M | $600M | $614M | $663M | $716M | $741M |
| Gross profit | $909M | $892M | $887M | $882M | $938M | $989M | $960M |
| Research and development | — | — | $9M | — | — | — | — |
| Selling, general and admin | $443M | $466M | $545M | $535M | $508M | $576M | $564M |
| Operating income | $52M | $20M | -$269M | -$1.9B | $159M | $133M | $72M |
| Interest expense | $165M | $165M | $166M | $127M | $151M | $141M | $136M |
| Pre-tax income | -$127M | -$186M | -$195M | -$1.9B | $21M | $14M | -$72M |
| Income tax | -$17M | -$59M | -$85M | -$53M | $41M | -$8M | $110M |
| Net income | -$110M | -$127M | -$111M | -$1.9B | -$20M | $22M | -$183M |
| EPS (diluted) | -$0.15 | -$2.10 | -$1.84 | -$30.78 | -$0.33 | $0.36 | -$3.14 |
| Diluted shares | 724M | 60M | 60M | 61M | 61M | 62M | 58M |
| Gross margin | 64.1% | 62.5% | 59.7% | 59.0% | 58.6% | 58.0% | 56.4% |
| Operating margin | 3.7% | 1.4% | -18.1% | -125.1% | 9.9% | 7.8% | 4.2% |
| Net margin | -7.8% | -8.9% | -7.5% | -124.5% | -1.3% | 1.3% | -10.7% |
Balance sheet
Fiscal years, from PSFE's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $235M | $388M | $313M | $260M | $202M | $217M | $250M |
| Receivables | — | $117M | $148M | $159M | $162M | $158M | $138M |
| Total current assets | — | $2.2B | $2.3B | $2.5B | $1.9B | $1.7B | $1.8B |
| Property, plant and equipment | — | $19M | $15M | $12M | $17M | $24M | $28M |
| Goodwill | $3.4B | $3.5B | $3.7B | $2.0B | $2.0B | $2.0B | $2.1B |
| Total assets | — | $7.4B | $7.3B | $6.0B | $5.2B | $4.8B | $4.8B |
| Total current liabilities | — | $1.8B | $1.7B | $2.3B | $1.7B | $1.4B | $1.4B |
| Long-term debt | — | $3.2B | $2.7B | $2.6B | $2.5B | $2.4B | $2.6B |
| Total liabilities | — | $5.5B | $4.6B | $5.1B | $4.3B | $3.9B | $4.1B |
| Shareholders' equity | $2.1B | $1.9B | $2.6B | $860M | $883M | $879M | $655M |
| Net debt | -$235M | $2.9B | $2.4B | $2.4B | $2.3B | $2.1B | $2.4B |
Cash flow
Fiscal years, from PSFE's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $289M | $409M | $261M | $237M | $234M | $254M | $236M |
| Capital spending | $10M | $5M | $6M | $5M | $13M | $16M | $13M |
| Free cash flow | $279M | $404M | $256M | $233M | $221M | $238M | $224M |
| Stock-based compensation | $0 | $0 | $102M | $62M | $29M | $39M | $32M |
| Net borrowing | $61M | -$92M | -$471M | -$28M | $4M | $46M | $96M |
| Free cash flow margin | 19.7% | 28.3% | 17.2% | 15.6% | 13.8% | 14.0% | 13.1% |
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Open PSFE in InvestinglyQuestions
What was PSFE's revenue in 2025?
$1.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does PSFE generate?
$224M in fiscal 2025 (operating cash flow minus capital spending).
From PSFE's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.