SANG (SANG) financial statements
SANG reported revenue of $237M in fiscal 2025, up 15.9% a year over 4 years.
Net income was -$5M.
Free cash flow was $39M, and the company returned $3M in net buybacks.
The diluted share count rose 15% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SANG's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $131M | $224M | $253M | $247M | $237M |
| Cost of revenue | $42M | $67M | $80M | $74M | $75M |
| Gross profit | $89M | $157M | $173M | $173M | $162M |
| Research and development | $21M | $34M | $37M | $40M | $42M |
| Selling, general and admin | $38M | $75M | $42M | $43M | $37M |
| Interest expense | $2M | $4M | $7M | $7M | $4M |
| Pre-tax income | $4M | -$104M | -$32M | -$9M | -$6M |
| Income tax | $4M | $6M | -$3M | -$840,000 | -$1M |
| Net income | $282,000 | -$111M | -$29M | -$9M | -$5M |
| EPS (diluted) | $0.01 | -$3.52 | -$0.88 | -$0.26 | -$0.15 |
| Diluted shares | 29M | 31M | 33M | 33M | 33M |
| Gross margin | 68.1% | 69.9% | 68.4% | 69.9% | 68.3% |
| Net margin | 0.2% | -49.4% | -11.5% | -3.5% | -2.1% |
Balance sheet
Fiscal years, from SANG's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $22M | $13M | $11M | $16M | $13M |
| Receivables | $15M | $24M | $22M | $19M | $15M |
| Inventory | $12M | $17M | $18M | $15M | $8M |
| Total current assets | $53M | $60M | $62M | $57M | $43M |
| Property, plant and equipment | $8M | $10M | $9M | $8M | $6M |
| Goodwill | $267M | $210M | $188M | $188M | $187M |
| Total assets | — | $499M | $443M | $401M | $347M |
| Total current liabilities | $55M | $78M | $63M | $60M | $49M |
| Long-term debt | $60M | $87M | $83M | $58M | $27M |
| Total liabilities | $164M | $205M | $177M | $141M | $92M |
| Shareholders' equity | $376M | $294M | $266M | $260M | $254M |
| Net debt | $53M | $92M | $90M | $62M | $34M |
Cash flow
Fiscal years, from SANG's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $19M | $21M | $26M | $44M | $42M |
| Capital spending | $1M | $2M | $4M | $4M | $2M |
| Free cash flow | $17M | $19M | $22M | $40M | $39M |
| Stock-based compensation | $4M | $10M | $3M | $3M | $3M |
| Share buybacks (net) | — | — | -$559,000 | $0 | -$3M |
| Net borrowing | $38M | $30M | -$4M | -$23M | -$30M |
| Free cash flow margin | 13.2% | 8.6% | 8.9% | 16.2% | 16.6% |
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Open SANG in InvestinglyQuestions
What was SANG's revenue in 2025?
$237M in fiscal 2025, from its 10-K filing.
How much free cash flow does SANG generate?
$39M in fiscal 2025 (operating cash flow minus capital spending).
From SANG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.