SVCO (SVCO) financial statements
SVCO reported revenue of $63M in fiscal 2025, up 7.8% a year over 2 years.
Net income was -$41M and the operating margin -72.8%, against 2.1% in 2023.
Free cash flow was -$35M.
The diluted share count rose 49% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SVCO's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $54M | $60M | $63M |
| Cost of revenue | $9M | $12M | $14M |
| Gross profit | $45M | $48M | $49M |
| Research and development | $13M | $21M | $30M |
| Selling, general and admin | $31M | $56M | $52M |
| Operating income | $1M | -$40M | -$46M |
| Interest expense | $630,000 | $899,000 | — |
| Pre-tax income | $510,000 | -$39M | -$45M |
| Income tax | $826,000 | $484,000 | -$3M |
| Net income | -$316,000 | -$39M | -$41M |
| EPS (diluted) | -$0.02 | -$1.53 | -$1.39 |
| Diluted shares | 20M | 26M | 30M |
| Gross margin | 82.8% | 79.8% | 78.3% |
| Operating margin | 2.1% | -67.5% | -72.8% |
| Net margin | -0.6% | -66.0% | -65.3% |
Balance sheet
Fiscal years, from SVCO's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $4M | $83M | $10M |
| Receivables | $4M | $9M | $10M |
| Total current assets | $21M | $107M | $46M |
| Property, plant and equipment | $591,000 | $865,000 | $2M |
| Goodwill | $9M | $9M | $30M |
| Total assets | $41M | $142M | $123M |
| Total current liabilities | $25M | $34M | $38M |
| Long-term debt | $0 | — | — |
| Total liabilities | $31M | $42M | $48M |
| Shareholders' equity | $9M | $100M | $75M |
| Net debt | -$4M | -$20M | -$9M |
Cash flow
Fiscal years, from SVCO's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $1M | -$20M | -$34M |
| Capital spending | $339,000 | $505,000 | $618,000 |
| Free cash flow | $841,000 | -$20M | -$35M |
| Stock-based compensation | $0 | $27M | $11M |
| Free cash flow margin | 1.6% | -34.0% | -54.7% |
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What was SVCO's revenue in 2025?
$63M in fiscal 2025, from its 10-K filing.
How much free cash flow does SVCO generate?
-$35M in fiscal 2025 (operating cash flow minus capital spending).
From SVCO's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.