SBC (SBC) financial statements
SBC reported revenue of $174M in fiscal 2025, down 5.3% a year over 2 years.
Net income was $51M and the operating margin 38.9%, against 36.5% in 2023.
Free cash flow was $23M, and the company returned $5M in net buybacks.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SBC's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $194M | $205M | $174M |
| Cost of revenue | $56M | $49M | $46M |
| Gross profit | $137M | $156M | $127M |
| Selling, general and admin | $66M | $58M | $60M |
| Operating income | $71M | $70M | $67M |
| Interest expense | $45,292 | $28,300 | $160,583 |
| Pre-tax income | $74M | $73M | $82M |
| Income tax | $35M | $27M | $31M |
| Net income | $39M | $47M | $51M |
| EPS (diluted) | $0.42 | $0.48 | $0.50 |
| Diluted shares | 94M | 97M | 103M |
| Gross margin | 70.9% | 76.0% | 73.3% |
| Operating margin | 36.5% | 34.2% | 38.9% |
| Net margin | 20.3% | 22.7% | 29.4% |
Balance sheet
Fiscal years, from SBC's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $103M | $125M | $164M |
| Inventory | $3M | $1M | $3M |
| Total current assets | $166M | $184M | $231M |
| Property, plant and equipment | $14M | $9M | $8M |
| Goodwill | $4M | $5M | $15M |
| Total assets | $259M | $266M | $380M |
| Total current liabilities | $92M | $61M | $61M |
| Total liabilities | $115M | $71M | $117M |
| Shareholders' equity | $142M | $195M | $248M |
| Net debt | -$103M | -$125M | -$164M |
Cash flow
Fiscal years, from SBC's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $51M | $21M | $25M |
| Capital spending | $9M | $3M | $1M |
| Free cash flow | $42M | $18M | $23M |
| Stock-based compensation | — | $13M | $0 |
| Share buybacks (net) | — | $0 | -$5M |
| Free cash flow margin | 21.8% | 8.8% | 13.4% |
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Open SBC in InvestinglyQuestions
What was SBC's revenue in 2025?
$174M in fiscal 2025, from its 10-K filing.
How much free cash flow does SBC generate?
$23M in fiscal 2025 (operating cash flow minus capital spending).
From SBC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.