Vicor Corp income statement
In fiscal 2025, Vicor Corp reported revenue of $453m, up 26.1% on the year before, operating income of $81.8m (a 18.1% margin) and net income of $119m, or $2.61 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 | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 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 | 198 | 251 | 253 | 219 | 199 | 226 | 220 | 200 | 228 | 291 | 263 | 297 | 359 | 399 | 405 | 359 | 453 | 561 |
| Cost of revenue | 110 | 136 | 146 | 127 | 118 | 129 | 121 | 109 | 126 | 152 | 140 | 165 | 181 | 219 | 200 | 175 | 193 | 221 |
| Gross profit | 88 | 115 | 107 | 92 | 81 | 97 | 100 | 91 | 102 | 139 | 123 | 131 | 178 | 181 | 205 | 184 | 259 | 340 |
| Research and development | 32 | 36 | 39 | 39 | 40 | 41 | 41 | 42 | 45 | 44 | 47 | 51 | 53 | 61 | 68 | 69 | 79 | 87 |
| Selling, general and administrative | 48 | 49 | 54 | 56 | 61 | 68 | 58 | 56 | 58 | 62 | 63 | 63 | 69 | 86 | 86 | 97 | 99 | 113 |
| Operating income | 5 | 29 | 14 | −3 | −20 | −15 | −0 | −6 | −1 | 32 | 14 | 17 | 56 | 27 | 51 | −1 | 82 | 140 |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | 0 | 1 | 1 | 8 | 11 | 12 | — |
| Income before tax | 5 | 30 | 14 | −3 | −20 | −14 | −0 | −6 | −0 | 33 | 15 | 18 | 57 | 29 | 60 | 10 | 95 | 157 |
| Income tax | 1 | −4 | 5 | 1 | 3 | −0 | −0 | 0 | −0 | 1 | 1 | 1 | 0 | 3 | 7 | 4 | −24 | −23 |
| Net income | 3 | 33 | 9 | −4 | −24 | −14 | 5 | −6 | 0 | 32 | 14 | 18 | 57 | 25 | 54 | 6 | 119 | 180 |
| Diluted EPS | $0.07 | $0.80 | $0.21 | −$0.10 | −$0.60 | −$0.36 | $0.13 | −$0.16 | $0.00 | $0.78 | $0.34 | $0.41 | $1.26 | $0.57 | $1.19 | $0.14 | $2.61 | $3.82 |
| Diluted shares (average) | 42m | 42m | 42m | 42m | 39m | 39m | 39m | 39m | 40m | 41m | 42m | 44m | 45m | 45m | 45m | 45m | 45m | 47m |
| EBITDA | 15 | 39 | 25 | 8 | −10 | −5 | 9 | 2 | 8 | 41 | 24 | 28 | 67 | 41 | 69 | 17 | 103 | 161 |
| 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 | 96 | 94 | 141 | 110 | 107 | 113 | 143 | 197 |
| Cost of revenue | 46 | 50 | 49 | 47 | 48 | 51 | 60 | 62 |
| Gross profit | 50 | 44 | 92 | 64 | 59 | 62 | 83 | 135 |
| Research and development | 17 | 19 | 19 | 20 | 21 | 22 | 21 | 24 |
| Selling, general and administrative | 24 | 25 | 28 | 23 | 23 | 23 | 28 | 39 |
| Operating income | 9 | −0 | 45 | 21 | 16 | 17 | 35 | 72 |
| Income before tax | 12 | 3 | 49 | 23 | 19 | 20 | 39 | 79 |
| Income tax | 2 | 0 | 8 | −5 | −27 | −0 | −11 | 15 |
| Net income | 10 | 3 | 41 | 28 | 47 | 21 | 50 | 63 |
| Diluted EPS | $0.23 | $0.06 | $0.91 | $0.63 | $1.02 | $0.44 | $1.04 | $1.33 |
| EBITDA | 14 | 5 | 51 | 26 | 21 | 22 | 40 | 78 |
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