SRI (SRI) financial statements
SRI reported revenue of $861M in fiscal 2025, up 2.4% a year over 9 years.
Net income was -$103M and the operating margin -4.5%, against 6.3% in 2016.
Free cash flow was $12M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SRI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $696M | $824M | $866M | $834M | $648M | $770M | $900M | $976M | $908M | $861M |
| Cost of revenue | $501M | $576M | $610M | $621M | $494M | $604M | $725M | $775M | $719M | $690M |
| Gross profit | $195M | $248M | $257M | $214M | $154M | $167M | $175M | $201M | $189M | $171M |
| Research and development | $40M | $49M | $51M | $52M | $49M | $66M | $65M | $71M | $72M | $63M |
| Selling, general and admin | $111M | $142M | $139M | $124M | $112M | $116M | $107M | $117M | $117M | $126M |
| Operating income | $44M | $57M | $67M | $71M | -$8M | $15M | $3M | $13M | -$381,000 | -$39M |
| Interest expense | — | — | — | — | — | -$5M | -$7M | -$13M | — | — |
| Pre-tax income | $39M | $53M | $65M | $68M | -$11M | $12M | -$11M | -$2M | -$14M | -$55M |
| Income tax | -$36M | $8M | $11M | $8M | -$3M | $9M | $3M | $3M | $3M | $47M |
| Net income | $77M | $45M | $54M | $60M | -$8M | $3M | -$14M | -$5M | -$17M | -$103M |
| EPS (diluted) | $2.74 | $1.57 | $1.85 | $2.13 | -$0.29 | $0.12 | -$0.52 | -$0.19 | -$0.60 | -$3.70 |
| Diluted shares | 28M | 29M | 29M | 28M | 27M | 27M | 27M | 27M | 28M | 28M |
| Gross margin | 28.1% | 30.1% | 29.6% | 25.6% | 23.8% | 21.7% | 19.4% | 20.6% | 20.8% | 19.9% |
| Operating margin | 6.3% | 7.0% | 7.7% | 8.5% | -1.2% | 2.0% | 0.3% | 1.3% | -0.0% | -4.5% |
| Net margin | 11.1% | 5.5% | 6.2% | 7.2% | -1.2% | 0.4% | -1.6% | -0.5% | -1.8% | -11.9% |
Balance sheet
Fiscal years, from SRI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $50M | $66M | $81M | $69M | $74M | $86M | $55M | $41M | $72M | $53M |
| Receivables | $113M | $142M | $139M | $139M | $137M | $150M | $158M | $167M | $138M | $89M |
| Inventory | $60M | $73M | $79M | $93M | $91M | $138M | $153M | $188M | $151M | $106M |
| Total current assets | $241M | $303M | $320M | $331M | $335M | $411M | $410M | $429M | $388M | $362M |
| Property, plant and equipment | $92M | $110M | $112M | $122M | $119M | $108M | $105M | $110M | $98M | $63M |
| Goodwill | $931,000 | $38M | $37M | $36M | $39M | $36M | $34M | $35M | $33M | $38M |
| Total assets | $395M | $559M | $560M | $602M | $621M | $665M | $652M | $680M | $622M | $551M |
| Total current liabilities | $113M | $136M | $147M | $139M | $146M | $173M | $178M | $178M | $150M | $157M |
| Long-term debt | $8M | $4M | $983,000 | $454,000 | — | $0 | $0 | $0 | $0 | — |
| Total liabilities | $202M | $315M | $276M | $312M | $325M | $369M | $371M | $392M | $376M | $371M |
| Shareholders' equity | $178M | $244M | $283M | $290M | $297M | $296M | $281M | $288M | $245M | $180M |
| Net debt | -$34M | -$58M | -$79M | -$66M | -$66M | -$80M | -$53M | -$39M | -$72M | -$53M |
Cash flow
Fiscal years, from SRI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $65M | $79M | $81M | $25M | $29M | -$36M | $7M | $5M | $48M | $34M |
| Capital spending | $24M | $32M | $29M | $39M | $32M | $27M | $32M | $38M | $24M | $22M |
| Free cash flow | $41M | $47M | $52M | -$15M | -$4M | -$63M | -$25M | -$34M | $23M | $12M |
| Stock-based compensation | $6M | $7M | $6M | $6M | $6M | $6M | $6M | $3M | $4M | $5M |
| Share buybacks (net) | — | — | — | -$50M | -$5M | $0 | $0 | — | — | — |
| Free cash flow margin | 5.9% | 5.7% | 6.0% | -1.8% | -0.6% | -8.2% | -2.8% | -3.4% | 2.6% | 1.4% |
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Open SRI in InvestinglyQuestions
What was SRI's revenue in 2025?
$861M in fiscal 2025, from its 10-K filing.
How much free cash flow does SRI generate?
$12M in fiscal 2025 (operating cash flow minus capital spending).
From SRI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.