UCTT (UCTT) financial statements
UCTT reported revenue of $2.1B in fiscal 2025, up 15.5% a year over 9 years.
Net income was -$181M and the operating margin -5.2%, against 4.0% in 2016.
Free cash flow was $15M, and the company returned $3M in net buybacks.
The diluted share count rose 37% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from UCTT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $563M | $924M | $1.1B | $1.1B | $1.4B | $2.1B | $2.4B | $1.7B | $2.1B | $2.1B |
| Cost of revenue | $476M | $757M | $921M | $869M | $1.1B | $1.7B | $1.9B | $1.5B | $1.7B | $1.7B |
| Gross profit | $87M | $168M | $176M | $197M | $292M | $430M | $465M | $277M | $356M | $323M |
| Research and development | $10M | $12M | $13M | $15M | $15M | $24M | $28M | $28M | $28M | $32M |
| Selling, general and admin | $54M | $66M | $102M | $152M | $156M | $220M | $239M | $214M | $237M | $247M |
| Operating income | $22M | $90M | $61M | $30M | $121M | $186M | $120M | $35M | $91M | -$107M |
| Interest expense | — | $2M | $10M | $26M | $17M | $24M | $34M | $49M | $46M | $38M |
| Pre-tax income | $19M | $87M | $52M | $2M | $100M | $154M | $88M | -$11M | $67M | -$146M |
| Income tax | $9M | $12M | $15M | $10M | $19M | $28M | $38M | $11M | $33M | $26M |
| Net income | $10M | $75M | $37M | -$9M | $78M | $120M | $40M | -$31M | $24M | -$181M |
| EPS (diluted) | $0.30 | $2.19 | $0.94 | -$0.24 | $1.89 | $2.69 | $0.88 | -$0.70 | $0.52 | -$4.00 |
| Diluted shares | 33M | 34M | 39M | 40M | 41M | 44M | 46M | 45M | 45M | 45M |
| Gross margin | 15.4% | 18.1% | 16.0% | 18.5% | 20.9% | 20.5% | 19.6% | 16.0% | 17.0% | 15.7% |
| Operating margin | 4.0% | 9.7% | 5.5% | 2.8% | 8.7% | 8.8% | 5.1% | 2.0% | 4.3% | -5.2% |
| Net margin | 1.8% | 8.1% | 3.3% | -0.9% | 5.5% | 5.7% | 1.7% | -1.8% | 1.1% | -8.8% |
Balance sheet
Fiscal years, from UCTT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $52M | $68M | $144M | $162M | $200M | $466M | $359M | $307M | $314M | $312M |
| Receivables | $75M | $90M | $107M | $113M | $146M | $250M | $254M | $181M | $241M | $209M |
| Inventory | $104M | $237M | $186M | $172M | $180M | $379M | $444M | $374M | $381M | $391M |
| Total current assets | $237M | $407M | $463M | $467M | $545M | $1.1B | $1.1B | $893M | $970M | $960M |
| Property, plant and equipment | $19M | $32M | $144M | $145M | $159M | $242M | $280M | $328M | $326M | $325M |
| Goodwill | $85M | $85M | $150M | $171M | $171M | $270M | $249M | $265M | $265M | $114M |
| Total assets | $381M | $563M | $966M | $1.0B | $1.1B | $1.9B | $2.0B | $1.9B | $1.9B | $1.7B |
| Total current liabilities | $101M | $207M | $139M | $211M | $201M | $469M | $389M | $310M | $336M | $301M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $467M |
| Total liabilities | $165M | $263M | $514M | $567M | $551M | $1.1B | $1.0B | $970M | $984M | $945M |
| Shareholders' equity | $216M | $300M | $436M | $437M | $533M | $849M | $888M | $839M | $874M | $711M |
| Net debt | -$52M | -$68M | -$144M | -$162M | -$200M | -$466M | -$359M | -$307M | -$314M | $165M |
Cash flow
Fiscal years, from UCTT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18M | $49M | $42M | $121M | $97M | $212M | $47M | $136M | $65M | $66M |
| Capital spending | $7M | $16M | $26M | $26M | $36M | $59M | $100M | $76M | $64M | $50M |
| Free cash flow | $10M | $33M | $16M | $95M | $61M | $152M | -$53M | $60M | $2M | $15M |
| Stock-based compensation | $6M | $8M | $10M | $12M | $13M | $16M | $19M | $12M | $17M | $19M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$12M | -$29M | $0 | -$3M |
| Net borrowing | -$14M | -$31M | -$86M | -$93M | -$106M | -$132M | -$40M | -$39M | -$10M | -$18M |
| Free cash flow margin | 1.8% | 3.5% | 1.4% | 8.9% | 4.4% | 7.2% | -2.2% | 3.5% | 0.1% | 0.7% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for UCTT.
Open UCTT in InvestinglyQuestions
What was UCTT's revenue in 2025?
$2.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does UCTT generate?
$15M in fiscal 2025 (operating cash flow minus capital spending).
From UCTT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.