Ichor Holdings, LTD. income statement
In fiscal 2025, Ichor Holdings, LTD. reported revenue of $948m, up 11.6% on the year before, operating income of −$39.3m (a -4.1% margin) and net income of −$52.8m, or −$1.54 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 291 | 406 | 656 | 824 | 621 | 914 | 1,097 | 1,280 | 811 | 849 | 948 | 1,103 |
| Cost of revenue | 242 | 340 | 555 | 687 | 534 | 789 | 919 | 1,068 | 708 | 746 | 860 | 957 |
| Gross profit | 49 | 65 | 101 | 136 | 86 | 125 | 177 | 212 | 103 | 103 | 88 | 146 |
| Research and development | 5 | 6 | 8 | 9 | 11 | 13 | 16 | 20 | 20 | 23 | 23 | 25 |
| Selling, general and administrative | 25 | 28 | 38 | 47 | 47 | 57 | 66 | 89 | 79 | 79 | 96 | 95 |
| Operating income | 13 | 24 | 46 | 64 | 15 | 42 | 81 | 86 | −11 | −8 | −39 | 18 |
| Interest expense | 4 | 4 | 3 | 10 | 11 | 9 | 6 | 11 | 19 | 9 | 7 | 5 |
| Income before tax | 9 | 20 | 43 | 54 | 4 | 32 | 74 | 75 | −31 | −18 | −48 | 12 |
| Income tax | −4 | −1 | −14 | −4 | −6 | −1 | 3 | 3 | 12 | 3 | 5 | 8 |
| Net income | 6 | 17 | 56 | 58 | 11 | 33 | 71 | 73 | −43 | −21 | −53 | 4 |
| Diluted EPS | −$517.68 | $0.70 | $2.15 | $2.30 | $0.47 | $1.42 | $2.45 | $2.51 | −$1.47 | −$0.64 | −$1.54 | $0.10 |
| Diluted shares (average) | — | 2m | 26m | 25m | 23m | 23m | 29m | 29m | 29m | 33m | 34m | 36m |
| EBITDA | 23 | 33 | 59 | 87 | 37 | 66 | 107 | 121 | 24 | 23 | −6 | 46 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 233 | 244 | 240 | 239 | 224 | 256 | 295 | 329 |
| Cost of revenue | 206 | 216 | 213 | 228 | 203 | 224 | 254 | 277 |
| Gross profit | 27 | 29 | 27 | 11 | 21 | 32 | 41 | 52 |
| Research and development | 6 | 6 | 6 | 6 | 6 | 6 | 8 | 6 |
| Selling, general and administrative | 20 | 22 | 24 | 23 | 27 | 23 | 24 | 22 |
| Operating income | −1 | −1 | −5 | −19 | −14 | 2 | 7 | 23 |
| Interest expense | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 0 |
| Income before tax | −3 | −3 | −7 | −22 | −16 | 0 | 5 | 22 |
| Income tax | 1 | 2 | 3 | 1 | 0 | 3 | 4 | 1 |
| Net income | −4 | −5 | −9 | −23 | −16 | −2 | 1 | 21 |
| Diluted EPS | −$0.12 | −$0.13 | −$0.28 | −$0.67 | −$0.46 | −$0.07 | $0.03 | $0.55 |
| EBITDA | 7 | 7 | 1 | −15 | −4 | 10 | 12 | 28 |
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