SPT (SPT) financial statements
SPT reported revenue of $458M in fiscal 2025, up 28.6% a year over 7 years.
Net income was -$43M and the operating margin -9.5%, against -26.4% in 2018.
Free cash flow was $39M.
The diluted share count rose 253% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SPT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79M | $103M | $133M | $188M | $254M | $334M | $406M | $458M |
| Cost of revenue | $21M | $28M | $35M | $47M | $60M | $76M | $91M | $103M |
| Gross profit | $58M | $75M | $98M | $141M | $194M | $257M | $314M | $355M |
| Research and development | $25M | $28M | $30M | $40M | $61M | $80M | $103M | $101M |
| Selling, general and admin | $53M | $94M | $100M | $129M | $184M | $247M | $272M | $297M |
| Operating income | -$21M | -$47M | -$32M | -$28M | -$52M | -$69M | -$60M | -$43M |
| Interest expense | $617,000 | $270,000 | $366,000 | $300,000 | $153,000 | $3M | $4M | $3M |
| Pre-tax income | -$21M | -$47M | -$32M | -$28M | -$50M | -$66M | -$61M | -$43M |
| Income tax | $22,000 | $66,000 | $127,000 | $211,000 | $366,000 | $649,000 | $670,000 | $587,000 |
| Net income | -$21M | -$47M | -$32M | -$29M | -$50M | -$66M | -$62M | -$43M |
| EPS (diluted) | -$1.26 | -$2.54 | -$0.62 | -$0.53 | -$0.92 | -$1.19 | -$1.09 | -$0.74 |
| Diluted shares | 17M | 18M | 51M | 54M | 55M | 56M | 57M | 59M |
| Gross margin | 73.4% | 72.6% | 73.7% | 75.1% | 76.4% | 77.1% | 77.5% | 77.6% |
| Operating margin | -26.4% | -46.0% | -24.1% | -15.0% | -20.4% | -20.8% | -14.9% | -9.5% |
| Net margin | -26.6% | -45.6% | -23.8% | -15.3% | -19.8% | -19.9% | -15.3% | -9.5% |
Balance sheet
Fiscal years, from SPT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $26M | $135M | $164M | $177M | $173M | $94M | $90M | $95M |
| Receivables | — | $11M | $17M | $25M | $36M | $63M | $84M | $101M |
| Total current assets | — | $157M | $199M | $223M | $235M | $196M | $210M | $237M |
| Property, plant and equipment | — | $14M | $15M | $13M | $12M | $11M | $11M | $10M |
| Goodwill | — | $2M | $2M | $2M | $2M | $121M | $121M | $167M |
| Total assets | — | $190M | $240M | $265M | $294M | $397M | $428M | $523M |
| Total current liabilities | — | $43M | $64M | $98M | $133M | $181M | $221M | $256M |
| Total liabilities | — | $61M | $88M | $120M | $152M | $252M | $262M | $320M |
| Shareholders' equity | $26M | $128M | $152M | $145M | $142M | $144M | $167M | $203M |
| Net debt | -$26M | -$135M | -$115M | -$107M | -$80M | -$50M | -$86M | -$95M |
Cash flow
Fiscal years, from SPT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$17M | -$14M | -$11M | $15M | $11M | $6M | $26M | $43M |
| Capital spending | $2M | $760,000 | $4M | $926,000 | $2M | $2M | $3M | $4M |
| Free cash flow | -$19M | -$15M | -$15M | $14M | $9M | $4M | $23M | $39M |
| Stock-based compensation | $53,000 | $25M | $11M | $22M | $48M | $68M | $84M | $79M |
| Free cash flow margin | -24.5% | -14.8% | -11.6% | 7.4% | 3.5% | 1.3% | 5.8% | 8.6% |
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Open SPT in InvestinglyQuestions
What was SPT's revenue in 2025?
$458M in fiscal 2025, from its 10-K filing.
How much free cash flow does SPT generate?
$39M in fiscal 2025 (operating cash flow minus capital spending).
From SPT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.