SUPER MICRO COMPUTER, INC. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $22.0B |
| Gross margin | 11.1% |
| Operating income | $1.3B |
| Net income | $1.0B |
| Diluted EPS | $1.68 |
| Cash & equivalents | $5.2B |
| Total assets | $14.0B |
| Long-term debt | — not reported |
Key takeaway
Fiscal 2025 net sales grew 46.6% to $21.97B, fueled by strong demand for AI/GPU servers and rack-scale solutions from large enterprise and data center customers.
🔒 4 more takeaways in the full analysis
Beneath the surface
Despite $5.17B in cash, the company carries ~$4.8B in debt (including $1.7B 2029 Notes, $700M 2028 Notes, $2.3B 2030 Notes), making the net cash position much thinner than the headline cash figure suggests.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for SMCI.
Read the full analysis free Free account · 5 full analyses included · no card required