Vicor Corporation (VICR) Financial Statements

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Vicor financial statements at a glance

Vicor reported revenue of $452.70 million for fiscal year 2025 (ended December 31, 2025), up 26.1% from fiscal year 2024. Net income was $118.56 million, a net margin of 26.2%, and diluted earnings per share were $2.61.

At the end of fiscal year 2025 it had total assets of $785.83 million, total liabilities of $74.02 million and shareholders' equity of $711.56 million, with cash and short-term investments of $402.81 million and total debt of $7.18 million.

Its operations brought in $139.55 million of cash; capital spending was $20.32 million, leaving free cash flow of $119.23 million.

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.

VICR logo

Vicor Corporation

VICRUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
452.70M
Prev Year: 359.06M
YoY: +26.1%
Operating Revenue
407.70M
Prev Year: 359.06M
YoY: +13.5%
Normalized EBITDA
103.15M
Prev Year: 56.94M
YoY: +81.2%
Tax Rate for Calcs
0.21
Prev Year: 0
Tax Effect of Unusual Items
-113.2K
Prev Year: -4.23M
YoY: +97.3%
Diluted NI Available to Com Stockholders
118.56M
Prev Year: 6.13M
YoY: +1834.3%
Other Income Expense
613.0K
Prev Year: -19.17M
YoY: +103.2%
Other Non-operating Income (expense)
1.15M
Prev Year: 951.0K
YoY: +21.1%
Special Income Charges
-851.0K
Prev Year: -19.50M
YoY: +95.6%
Gain on Sale of Property, Plant and Equipment
-851.0K
Gain on Sale of Securities
312.0K
Prev Year: -622.0K
YoY: +150.2%
Cost of Revenue
193.27M
Prev Year: 175.06M
YoY: +10.4%
Gross Profit
259.43M
Prev Year: 184.00M
YoY: +41.0%
Operating Expense
177.60M
Prev Year: 165.81M
YoY: +7.1%
Selling General and Administrative
99.03M
Prev Year: 96.89M
YoY: +2.2%
Research and Development
78.57M
Prev Year: 68.92M
YoY: +14.0%
Operating Income
81.83M
Prev Year: 18.19M
YoY: +349.9%
Net Non Operating Interest Income Expense
12.13M
Prev Year: 11.47M
YoY: +5.8%
Non-operating Interest Income
12.13M
Prev Year: 11.47M
YoY: +5.8%
Pre-tax Income
94.57M
Prev Year: 10.49M
YoY: +801.8%
Provision for Income Taxes
-24.02M
Prev Year: 4.35M
YoY: -652.6%
Net Income Common Stockholders
118.56M
Prev Year: 6.13M
YoY: +1834.3%
Net Income
118.56M
Prev Year: 6.13M
YoY: +1834.3%
Net Income Including Non-Controlling Interests
118.60M
Prev Year: 6.14M
YoY: +1831.8%
Net Income from Continuing Operations
118.60M
Prev Year: 6.14M
YoY: +1831.8%
Noncontrolling Interests
-40.0K
Prev Year: -10.0K
YoY: -300.0%
Basic EPS
2.63
Prev Year: 0.14
YoY: +1778.6%
Equity in Earnings of Affiliates, Net of Tax
-
Diluted EPS
2.61
Prev Year: 0.14
YoY: +1764.3%
Weighted Average Shares (basic)
45.04M
Prev Year: 44.91M
YoY: +0.3%
Weighted Average Shares (diluted)
45.45M
Prev Year: 45.17M
YoY: +0.6%
Total Operating Income as Reported
81.83M
Prev Year: -1.31M
YoY: +6346.4%
Total Expenses
370.87M
Prev Year: 340.87M
YoY: +8.8%
Net Income from Continuing and Discontinued Operation
118.56M
Prev Year: 6.13M
YoY: +1834.3%
Normalized Income
118.98M
Prev Year: 22.03M
YoY: +440.2%
Interest Income
12.13M
Prev Year: 11.47M
YoY: +5.8%
Net Interest Income
12.13M
Prev Year: 11.47M
YoY: +5.8%
EBIT
81.83M
Prev Year: 18.19M
YoY: +349.9%
EBITDA
102.61M
Prev Year: 36.82M
YoY: +178.7%
Reconciled Cost of Revenue
193.27M
Prev Year: 175.06M
YoY: +10.4%
Reconciled Depreciation
20.79M
Prev Year: 18.63M
YoY: +11.6%
Net Income from Continuing Operation Net Minority Interest
118.56M
Prev Year: 6.13M
YoY: +1834.3%
Total Unusual Items Excluding Goodwill
-539.0K
Prev Year: -20.12M
YoY: +97.3%
Total Unusual Items
-539.0K
Prev Year: -20.12M
YoY: +97.3%
Values in USD

Vicor key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$452.7M$359.1M$405.1M$399.1M$359.4M
Gross profit$259.4M$184.0M$204.9M$180.6M$178.2M
Operating income$81.8M$18.2M$51.4M$33.7M$55.6M
Net income$118.6M$6.1M$53.6M$25.4M$56.6M
Diluted EPS$2.61$0.14$1.19$0.57$1.26
Total assets$785.8M$641.1M$594.9M$536.9M$477.2M
Total liabilities$74.0M$70.8M$53.8M$72.6M$53.3M
Shareholders' equity$711.6M$570.1M$540.9M$464.1M$423.6M
Cash and short-term investments$402.8M$277.3M$242.2M$190.6M$227.6M
Total debt$7.2M$7.3M$8.2M$8.5M$4.8M
Operating cash flow$139.5M$50.8M$74.5M$22.9M$54.4M
Capital spending$20.3M$23.6M$33.5M$64.0M$47.8M
Free cash flow$119.2M$27.2M$41.1M-$41.0M$6.7M

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

Questions and answers

What was Vicor's revenue in fiscal year 2025?

$452.70 million, up 26.1% from $359.06 million in fiscal year 2024.

How much profit does Vicor make?

Vicor reported net income of $118.56 million for fiscal year 2025 (26.2% of revenue); operating income was $81.83 million.

How much cash and debt does Vicor have?

At the end of fiscal year 2025: cash and short-term investments of $402.81 million and total debt of $7.18 million.

What is Vicor's free cash flow?

$119.23 million in fiscal year 2025 (operating cash flow of $139.55 million minus capital spending of $20.32 million).

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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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