Silicon Motion Technology (SIMO) financial statements
Silicon Motion Technology reported revenue of $886M in fiscal 2025, up 5.3% a year over 9 years.
Net income was $123M and the operating margin 10.5%, against 24.7% in 2016.
Free cash flow was $6M, and the company returned $67M in dividends and $24M in net buybacks.
The diluted share count fell 5% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Silicon Motion Technology's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $556M | $523M | $530M | $457M | $540M | $922M | $946M | $639M | $804M | $886M |
| Cost of revenue | $282M | $272M | $270M | $235M | $279M | $461M | $480M | $369M | $435M | $458M |
| Gross profit | $275M | $251M | $261M | $222M | $260M | $461M | $466M | $270M | $369M | $428M |
| Research and development | $92M | $102M | $102M | $110M | $122M | $164M | $189M | $174M | $218M | $263M |
| Selling, general and admin | $43M | $43M | $47M | $43M | $40M | $51M | $63M | $55M | $59M | $72M |
| Operating income | $137M | $95M | $105M | $52M | $80M | $246M | $214M | $40M | $91M | $93M |
| Interest expense | $127,000 | $423,000 | $378,000 | $3,000 | $11,000 | $0 | $71,000 | $0 | $0 | — |
| Pre-tax income | $139M | $99M | $110M | $72M | $86M | $247M | $213M | $61M | $107M | $140M |
| Income tax | $28M | $24M | $12M | $8M | $6M | $47M | $40M | $8M | $18M | $17M |
| Net income | $111M | $75M | $98M | $64M | $80M | $200M | $173M | $53M | $89M | $123M |
| EPS (diluted) | $0.78 | $0.52 | $0.68 | $0.46 | $0.57 | $1.43 | $1.29 | $0.40 | $0.66 | $0.91 |
| Diluted shares | 142M | 144M | 145M | 141M | 140M | 140M | 134M | 134M | 135M | 135M |
| Gross margin | 49.4% | 48.0% | 49.2% | 48.6% | 48.2% | 50.0% | 49.2% | 42.3% | 45.9% | 48.3% |
| Operating margin | 24.7% | 18.2% | 19.8% | 11.4% | 14.9% | 26.7% | 22.6% | 6.2% | 11.3% | 10.5% |
| Net margin | 19.9% | 14.3% | 18.5% | 14.1% | 14.8% | 21.7% | 18.2% | 8.3% | 11.1% | 13.8% |
Balance sheet
Fiscal years, from Silicon Motion Technology's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $278M | $366M | $289M | $325M | $343M | $360M | $232M | $314M | $276M | $202M |
| Total current assets | $477M | $569M | $498M | $565M | $618M | $818M | $788M | $793M | $795M | $943M |
| Property, plant and equipment | $48M | $51M | $101M | $98M | $105M | $124M | $139M | $167M | $188M | $219M |
| Goodwill | $69M | $59M | $58M | $17M | $0 | — | — | — | — | — |
| Total assets | $606M | $694M | $673M | $698M | $742M | $971M | $961M | $1.0B | $1.0B | $1.2B |
| Total current liabilities | $146M | $177M | $114M | $131M | $159M | $282M | $184M | $213M | $200M | $340M |
| Long-term debt | $367,000 | $108,000 | — | — | — | — | — | — | — | — |
| Total liabilities | $163M | $200M | $140M | $161M | $184M | $314M | $229M | $273M | $259M | $392M |
| Shareholders' equity | $443M | $494M | $532M | $537M | $558M | $658M | $733M | $735M | $772M | $831M |
| Net debt | -$274M | -$359M | -$285M | -$323M | -$343M | -$360M | -$232M | -$314M | -$276M | -$202M |
Cash flow
Fiscal years, from Silicon Motion Technology's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $126M | $104M | $108M | $78M | $117M | $175M | $84M | $149M | $77M | $61M |
| Capital spending | $12M | $12M | $75M | $11M | $20M | $25M | $33M | $50M | $44M | $55M |
| Free cash flow | $113M | $92M | $33M | $67M | $98M | $150M | $51M | $99M | $33M | $6M |
| Stock-based compensation | $17M | $15M | $21M | $15M | $15M | $20M | $27M | $18M | $17M | $26M |
| Dividends paid | $23M | $32M | $43M | $44M | $49M | $54M | $50M | $17M | $67M | $67M |
| Share buybacks (net) | — | — | -$34M | -$26M | -$25M | -$46M | -$133M | $0 | $0 | -$24M |
| Free cash flow margin | 20.4% | 17.6% | 6.3% | 14.6% | 18.1% | 16.3% | 5.4% | 15.5% | 4.1% | 0.7% |
| Dividends per share | $0.16 | $0.22 | $0.30 | $0.31 | $0.35 | $0.39 | $0.37 | $0.12 | $0.50 | $0.50 |
Questions
What was Silicon Motion Technology's revenue in 2025?
$886M in fiscal 2025, from its 10-K filing.
How much free cash flow does Silicon Motion Technology generate?
$6M in fiscal 2025 (operating cash flow minus capital spending).
From Silicon Motion Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.