SSP (SSP) financial statements
SSP reported revenue of $2.2B in fiscal 2025, up 10.5% a year over 9 years.
Net income was -$101M and the operating margin 8.6%, against 14.7% in 2016.
Free cash flow was $7M.
The diluted share count rose 5% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SSP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $874M | $877M | $1.2B | $1.4B | $1.9B | $2.3B | $2.5B | $2.3B | $2.5B | $2.2B |
| Cost of revenue | — | — | — | $702M | $930M | $1.1B | $1.2B | $1.3B | $1.3B | $1.3B |
| Gross profit | — | — | — | $650M | $928M | $1.2B | $1.2B | $1.0B | $1.2B | $876M |
| Selling, general and admin | — | — | — | $450M | $498M | $595M | $623M | $615M | $606M | $563M |
| Operating income | $128M | -$2M | $148M | $87M | $303M | $401M | $428M | -$753M | $412M | $184M |
| Interest expense | $18M | $27M | $36M | $81M | $93M | $165M | $161M | $214M | $210M | $221M |
| Pre-tax income | $93M | -$32M | $93M | $1M | $209M | $187M | $276M | -$968M | $210M | -$120M |
| Income tax | $33M | -$20M | $23M | $3M | $55M | $71M | $81M | -$20M | $64M | -$19M |
| Net income | $67M | -$13M | $20M | -$18M | $269M | $73M | $146M | -$948M | $146M | -$101M |
| EPS (diluted) | $0.80 | -$0.16 | $0.24 | -$0.23 | $3.21 | $0.81 | $1.62 | -$11.84 | $1.01 | -$1.87 |
| Diluted shares | 84M | 82M | 82M | 81M | 82M | 88M | 87M | 84M | 86M | 88M |
| Gross margin | — | — | — | 48.1% | 49.9% | 51.6% | 49.7% | 44.0% | 47.4% | 40.7% |
| Operating margin | 14.7% | -0.2% | 12.8% | 6.5% | 16.3% | 17.5% | 17.5% | -32.9% | 16.4% | 8.6% |
| Net margin | 7.7% | -1.5% | 1.8% | -1.4% | 14.5% | 3.2% | 5.9% | -41.3% | 5.8% | -4.7% |
Balance sheet
Fiscal years, from SSP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $134M | $149M | $107M | $33M | $576M | $66M | $18M | $35M | $24M | $28M |
| Receivables | $179M | $245M | $281M | $388M | $429M | $573M | $600M | $611M | $568M | $569M |
| Total current assets | $346M | $606M | $471M | $644M | $2.1B | $702M | $644M | $676M | $630M | $747M |
| Property, plant and equipment | $225M | $210M | $238M | $370M | $344M | $457M | $459M | $455M | $454M | $408M |
| Goodwill | $576M | $709M | $787M | $1.2B | $1.2B | $2.9B | $2.9B | $2.0B | $2.0B | $1.9B |
| Total assets | $1.7B | $2.1B | $2.1B | $3.6B | $4.9B | $6.7B | $6.4B | $5.4B | $5.2B | $5.0B |
| Total current liabilities | $104M | $211M | $198M | $312M | $358M | $512M | $485M | $478M | $482M | $454M |
| Long-term debt | $387M | $688M | $686M | $1.9B | $2.9B | $3.1B | $2.9B | $2.9B | $2.6B | $2.6B |
| Total liabilities | $790M | $1.2B | $1.2B | $2.7B | $3.7B | $4.7B | $4.3B | $4.3B | $3.9B | $3.8B |
| Shareholders' equity | $946M | $937M | $926M | $898M | $1.2B | $2.0B | $2.1B | $1.2B | $1.3B | $1.2B |
| Net debt | $259M | $545M | $582M | $1.9B | $2.4B | $3.1B | $2.9B | $2.9B | $2.6B | $2.6B |
Cash flow
Fiscal years, from SSP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $146M | $41M | $141M | -$27M | $277M | $237M | $311M | $112M | $366M | $53M |
| Capital spending | $26M | $18M | $47M | $61M | $45M | $61M | $46M | $60M | $65M | $47M |
| Free cash flow | $121M | $23M | $94M | -$88M | $232M | $176M | $266M | $52M | $300M | $7M |
| Dividends paid | $0 | $0 | $16M | $16M | $17M | — | — | — | — | — |
| Share buybacks (net) | -$44M | -$18M | -$32M | -$584,000 | $0 | $0 | — | — | — | — |
| Net borrowing | -$7M | $306M | -$6M | $1.3B | $1.0B | $219M | -$278M | -$300M | -$16M | -$321M |
| Free cash flow margin | 13.8% | 2.6% | 8.1% | -6.5% | 12.5% | 7.7% | 10.8% | 2.3% | 12.0% | 0.3% |
| Dividends per share | — | — | $0.20 | $0.20 | $0.20 | — | — | — | — | — |
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Open SSP in InvestinglyQuestions
What was SSP's revenue in 2025?
$2.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does SSP generate?
$7M in fiscal 2025 (operating cash flow minus capital spending).
From SSP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.