Tesla, Inc. (TSLA) Financial Statements

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Tesla financial statements at a glance

Tesla reported revenue of $94.83 billion for fiscal year 2025 (ended December 31, 2025), down 2.9% from fiscal year 2024. Net income was $3.79 billion, a net margin of 4.0%, and diluted earnings per share were $1.08.

At the end of fiscal year 2025 it had total assets of $137.81 billion, total liabilities of $54.94 billion and shareholders' equity of $82.14 billion, with cash and short-term investments of $44.06 billion and total debt of $14.72 billion.

Its operations brought in $14.75 billion of cash; capital spending was $8.53 billion, leaving free cash flow of $6.22 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Tesla, Inc.

TSLAUnited States
Discretionary Consumer Products
USD (Local)

Income Statement

Annual • USD

Total Revenue
94.83B
Prev Year: 97.69B
YoY: -2.9%
Operating Revenue
94.83B
Prev Year: 97.69B
YoY: -2.9%
Total Unusual Items Excluding Goodwill
-494.00M
Prev Year: -684.00M
YoY: +27.8%
Total Unusual Items
-494.00M
Prev Year: -684.00M
YoY: +27.8%
Normalized EBITDA
12.26B
Prev Year: 15.39B
YoY: -20.4%
Tax Rate for Calcs
0.27
Prev Year: 0
Tax Effect of Unusual Items
-133.38M
Prev Year: -136.80M
YoY: +2.5%
Other Income Expense
-913.00M
Prev Year: 11.00M
YoY: -8400.0%
Other Non-operating Income (expense)
-419.00M
Prev Year: 695.00M
YoY: -160.3%
Special Income Charges
-494.00M
Prev Year: -684.00M
YoY: +27.8%
Restructuring and Mergers Acquisition
494.00M
Prev Year: 684.00M
YoY: -27.8%
Research and Development
6.41B
Prev Year: 4.54B
YoY: +41.2%
Cost of Revenue
77.73B
Prev Year: 80.24B
YoY: -3.1%
Gross Profit
17.09B
Prev Year: 17.45B
YoY: -2.0%
Operating Expense
12.24B
Prev Year: 9.69B
YoY: +26.4%
Selling General and Administrative
5.83B
Prev Year: 5.15B
YoY: +13.3%
Operating Income
4.85B
Prev Year: 7.76B
YoY: -37.5%
Net Non Operating Interest Income Expense
1.34B
Prev Year: 1.22B
YoY: +10.1%
Non-operating Interest Income
1.68B
Prev Year: 1.57B
YoY: +7.1%
Non-operating Interest Expense
338.00M
Prev Year: 350.00M
YoY: -3.4%
Pre-tax Income
5.28B
Prev Year: 8.99B
YoY: -41.3%
Provision for Income Taxes
1.42B
Prev Year: 1.84B
YoY: -22.5%
Net Income Common Stockholders
3.79B
Prev Year: 7.13B
YoY: -46.8%
Net Income
3.79B
Prev Year: 7.13B
YoY: -46.8%
Net Income Including Non-Controlling Interests
3.85B
Prev Year: 7.15B
YoY: -46.1%
Net Income from Continuing Operations
3.85B
Prev Year: 7.15B
YoY: -46.1%
Noncontrolling Interests
-61.00M
Prev Year: -23.00M
YoY: -165.2%
Diluted NI Available to Com Stockholders
3.79B
Prev Year: 7.13B
YoY: -46.8%
Basic EPS
1.177
Prev Year: 2.23
YoY: -47.2%
Average Dilution Earnings
-
Prev Year: 0
Diluted EPS
1.08
Prev Year: 2.04
YoY: -47.1%
Weighted Average Shares (basic)
3.22B
Prev Year: 3.20B
YoY: +0.9%
Weighted Average Shares (diluted)
3.53B
Prev Year: 3.50B
YoY: +0.8%
Total Operating Income as Reported
4.36B
Prev Year: 7.08B
YoY: -38.5%
Total Expenses
89.98B
Prev Year: 89.93B
YoY: +0.1%
Net Income from Continuing and Discontinued Operation
3.79B
Prev Year: 7.13B
YoY: -46.8%
Normalized Income
4.15B
Prev Year: 7.68B
YoY: -45.9%
Rent Expense (supplemental)
-
Prev Year: 1.00B
Interest Income
1.68B
Prev Year: 1.57B
YoY: +7.1%
Interest Expense
338.00M
Prev Year: 350.00M
YoY: -3.4%
Net Interest Income
1.34B
Prev Year: 1.22B
YoY: +10.1%
EBIT
5.62B
Prev Year: 9.34B
YoY: -39.9%
EBITDA
11.76B
Prev Year: 14.71B
YoY: -20.0%
Reconciled Cost of Revenue
77.73B
Prev Year: 80.24B
YoY: -3.1%
Reconciled Depreciation
6.15B
Prev Year: 5.37B
YoY: +14.5%
Net Income from Continuing Operation Net Minority Interest
3.79B
Prev Year: 7.13B
YoY: -46.8%
Values in USD

Tesla key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$94.8B$97.7B$96.8B$81.5B$53.8B
Gross profit$17.1B$17.5B$17.7B$20.9B$13.6B
Operating income$4.8B$7.8B$8.9B$13.8B$6.5B
Net income$3.8B$7.1B$15.0B$12.6B$5.5B
Diluted EPS$1.08$2.04$4.31$3.62$1.63
Total assets$137.8B$122.1B$106.6B$82.3B$62.1B
Total liabilities$54.9B$48.4B$43.0B$36.4B$30.5B
Shareholders' equity$82.1B$72.9B$62.6B$44.7B$30.2B
Cash and short-term investments$44.1B$36.6B$29.1B$22.2B$17.7B
Total debt$14.7B$13.6B$9.6B$5.7B$8.9B
Operating cash flow$14.7B$14.9B$13.3B$14.7B$11.5B
Capital spending$8.5B$11.3B$8.9B$7.2B$8.0B
Free cash flow$6.2B$3.6B$4.4B$7.6B$3.5B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Tesla's revenue in fiscal year 2025?

$94.83 billion, down 2.9% from $97.69 billion in fiscal year 2024.

How much profit does Tesla make?

Tesla reported net income of $3.79 billion for fiscal year 2025 (4.0% of revenue); operating income was $4.85 billion.

How much cash and debt does Tesla have?

At the end of fiscal year 2025: cash and short-term investments of $44.06 billion and total debt of $14.72 billion.

What is Tesla's free cash flow?

$6.22 billion in fiscal year 2025 (operating cash flow of $14.75 billion minus capital spending of $8.53 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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