01 · 损益表
10-K 年报仅提供 GAAP 数据 ·
年度指标
| 指标 |
FY2025 |
FY2024 |
Y/Y |
FY2023 |
| 营收 Revenue |
$9,006M |
$7,003M |
+29% |
$5,860M |
| 毛利率 Gross Margin |
64.1% |
64.1% |
+0.0 ppt |
61.9% |
| 研发费用 R&D |
$1,237M |
$997M |
+24% |
$855M |
| 销售及管理 SG&A |
$675M |
$550M |
+23% |
$518M |
| 折旧摊销 D&A |
$73M |
$62M |
+17% |
$71M |
| 股权激励 SBC |
$439M |
$355M |
+24% |
$297M |
| 营业利润 Operating Income |
$3,856M |
$2,945M |
+31% |
$2,257M |
| 利息费用 Interest Expense |
$0M |
$0M |
— |
$0M |
| 净利润 Net Income |
$3,511M |
$2,852M |
+23% |
$2,087M |
补充指标
| 指标 |
FY2025 |
FY2024 |
Y/Y |
FY2023 |
| 每股收益 EPS |
$2.75 |
$2.23 |
+23% |
$1.65 |
| 稀释股数 Diluted Shares |
1,276M |
1,281M |
-0% |
1,269M |
| 实际税率 Effective Tax Rate |
17.4% |
12.7% |
+4.7 ppt |
13.8% |
product
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| Product |
$7,577M |
84.1% |
— |
+29% |
| Service |
$1,429M |
15.9% |
— |
+28% |
geography
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| Americas |
$7,122M |
79.1% |
— |
+24% |
| EMEA |
$1,070M |
11.9% |
— |
+50% |
| Asia-Pacific |
$813M |
9.0% |
— |
+45% |
美国收入 $7,063.8M，占 Americas 的 99.2%。
customer
| 项目 |
占比 |
| Reseller A |
26.0% |
| Reseller B |
16.0% |
两家终端客户合计占收入 42%。前两大经销商占应收账款的 52%。