VMD (VMD) financial statements
VMD reported revenue of $270M in fiscal 2025, up 22.7% a year over 7 years.
Net income was $15M and the operating margin 8.5%, against 15.6% in 2018.
Free cash flow was $12M, and the company returned $13M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from VMD's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64M | $80M | $131M | $117M | $139M | $183M | $224M | $270M |
| Cost of revenue | $17M | $24M | $51M | $44M | $54M | $70M | $91M | $115M |
| Gross profit | $48M | $56M | $80M | $73M | $85M | $113M | $133M | $155M |
| Research and development | $0 | $848,000 | $1M | $2M | $3M | $3M | $3M | $3M |
| Selling, general and admin | $34M | $41M | $53M | $55M | $68M | $88M | $106M | $121M |
| Operating income | $10M | $9M | $27M | $12M | $8M | $14M | $18M | $23M |
| Pre-tax income | $10M | $9M | $26M | $13M | $9M | $14M | $16M | $22M |
| Income tax | $162,000 | $271,000 | -$5M | $3M | $3M | $4M | $5M | $6M |
| Net income | $10M | $9M | $32M | $9M | $6M | $10M | $11M | $15M |
| EPS (diluted) | $0.24 | $0.21 | $0.78 | $0.22 | $0.16 | $0.25 | $0.28 | $0.37 |
| Diluted shares | 40M | 40M | 41M | 41M | 40M | 40M | 41M | 41M |
| Gross margin | 74.1% | 69.8% | 61.0% | 62.7% | 61.0% | 61.6% | 59.4% | 57.5% |
| Operating margin | 15.6% | 11.0% | 20.4% | 9.9% | 5.9% | 7.8% | 8.0% | 8.5% |
| Net margin | 14.7% | 10.6% | 24.0% | 7.8% | 4.5% | 5.6% | 5.0% | 5.5% |
Balance sheet
Fiscal years, from VMD's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $10M | $13M | $31M | $28M | $17M | $13M | $18M | $14M |
| Receivables | $9M | $12M | $12M | $13M | $15M | $18M | $25M | $26M |
| Inventory | $3M | $1M | $2M | $2M | $4M | $5M | $4M | $5M |
| Total current assets | $23M | $28M | $47M | $47M | $40M | $38M | $53M | $48M |
| Property, plant and equipment | $31M | $55M | $55M | $63M | $68M | $74M | $76M | $79M |
| Goodwill | — | — | — | — | $0 | $30M | $33M | $59M |
| Total assets | $54M | $83M | $113M | $118M | $117M | $155M | $177M | $199M |
| Total current liabilities | $20M | $26M | $23M | $18M | $19M | $32M | $37M | $41M |
| Long-term debt | $0 | $8M | $6M | $4M | $0 | $6M | $4M | $11M |
| Total liabilities | $21M | $39M | $31M | $23M | $20M | $41M | $44M | $56M |
| Shareholders' equity | $33M | $44M | $82M | $95M | $97M | $114M | $131M | $142M |
| Net debt | -$10M | -$4M | -$23M | -$23M | -$17M | -$6M | -$14M | -$1M |
Cash flow
Fiscal years, from VMD's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $22M | $19M | $35M | $22M | $28M | $45M | $39M | $52M |
| Capital spending | $6M | $13M | $13M | $20M | $23M | $26M | $38M | $40M |
| Free cash flow | $16M | $6M | $22M | $3M | $5M | $19M | $1M | $12M |
| Stock-based compensation | $3M | $4M | $5M | $5M | $5M | $6M | $6M | $9M |
| Share buybacks (net) | -$2M | -$2M | $0 | $0 | -$10M | $0 | $0 | -$13M |
| Net borrowing | $0 | $5M | — | — | — | — | — | — |
| Free cash flow margin | 25.2% | 7.1% | 16.8% | 2.4% | 3.5% | 10.4% | 0.6% | 4.4% |
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Open VMD in InvestinglyQuestions
What was VMD's revenue in 2025?
$270M in fiscal 2025, from its 10-K filing.
How much free cash flow does VMD generate?
$12M in fiscal 2025 (operating cash flow minus capital spending).
From VMD's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.