AMBARELLA INC AMBA
Incorporated in 2004, Ambarella is a leading developer of low-power system-on-a-chip, or SoC, semiconductors and software for edge and physical artificial intelligence (AI) applications and intelligent automation. Our technologies make electronic systems smarter, enabling them to become partially or fully autonomous with features such as intelligent automation, complex scene understanding, and autonomous decision-making. These systems perform multi-modal data fusion and complex data analysis in real time, delivering high quality imagery, and preserving vital system resources such as power and network bandwidth. We specialize in the development of deployable, scalable designs for intelligent electronic systems that utilize high-bandwidth sensors offering a proven path to mass production. Our products are used in a wide variety of human viewing, computer vision for edge and physical AI applications, including a variety of video security cameras, automotive camera systems, fixed robots, autonomous mobile robots (AMRs), industrial applications, intelligent transportation systems, and consumer devices, such as action, drone and 360° cameras.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $390.7M | $284.9M | $226.5M | $337.6M | $331.9M | $223.0M | $228.7M | $227.8M | $295.4M | $310.3M |
| Cost of revenue | $159.4M | $112.5M | $89.7M | $128.7M | $123.7M | $87.4M | $96.0M | $89.6M | $107.7M | $105.3M |
| Gross profit | $231.3M | $172.3M | $136.8M | $208.9M | $208.1M | $135.6M | $132.7M | $138.1M | $187.7M | $205.0M |
| R&D | $238.5M | $226.1M | $215.1M | $204.9M | $167.3M | $140.8M | $129.7M | $128.1M | $115.5M | $101.2M |
| SG&A | $75.3M | $72.8M | $76.3M | $78.2M | $70.4M | $56.0M | $52.6M | $50.5M | $47.8M | $43.4M |
| Total operating expenses | $313.8M | $298.9M | $291.4M | $283.2M | $237.8M | $196.7M | $182.4M | $178.6M | $163.3M | $144.7M |
| Operating income | -$82.5M | -$126.6M | -$154.6M | -$74.3M | -$29.6M | -$61.2M | -$49.6M | -$40.4M | $24.4M | $60.4M |
| Pre-tax income | -$73.7M | -$117.7M | -$148.5M | -$70.9M | -$28.6M | -$57.3M | -$41.6M | -$34.6M | $25.7M | $60.9M |
| Income tax | $2.2M | $602.0K | $20.9M | $5.6M | $2.2M | $2.5M | $3.2M | $4.1M | $6.9M | $3.1M |
| Net income | -$75.9M | -$117.1M | -$169.4M | -$65.4M | -$26.4M | -$59.8M | -$44.8M | -$30.4M | $18.9M | $57.8M |
| EPS, basic | -1.78 | -2.84 | -4.25 | -1.70 | -0.72 | -1.72 | -1.35 | -0.93 | 0.57 | 1.77 |
| EPS, diluted | -1.78 | -2.84 | -4.25 | -1.70 | -0.72 | -1.72 | -1.35 | -0.93 | 0.55 | 1.68 |
| Shares, diluted (wtd. avg.) | $42.7M | $41.3M | $39.9M | $38.4M | $36.6M | $34.7M | $33.1M | $32.7M | $34.6M | $34.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $191.0M | $144.6M | $144.9M | $113.5M | $171.0M | $241.3M | $231.4M | $194.0M | $346.7M | $322.9M |
| Short-term investments | $121.6M | $105.6M | $75.0M | $93.3M | $0 | $199.4M | $173.3M | $164.9M | $87.9M | — |
| Receivables | $39.2M | $29.8M | $24.9M | $52.0M | $44.3M | $25.0M | $18.5M | $26.2M | $31.3M | $38.6M |
| Inventory | $52.2M | $34.4M | $29.0M | $40.5M | $45.2M | $26.1M | $23.0M | $18.3M | $23.4M | $20.1M |
| Total current assets | $410.3M | $320.6M | $280.2M | $304.6M | $266.7M | $497.3M | $451.2M | $409.6M | $493.3M | $468.5M |
| Property, plant and equipment | $11.6M | $9.1M | $10.4M | $11.8M | $10.1M | $5.5M | $5.6M | $6.7M | $6.4M | $5.0M |
| Goodwill | $303.6M | $303.6M | $303.6M | $303.6M | $303.6M | $26.6M | $26.6M | $26.6M | $26.6M | $26.6M |
| Other intangibles | $58.0M | $47.3M | $55.1M | $58.5M | $46.3M | $18.7M | $17.8M | $10.9M | $14.4M | $4.1M |
| Total assets | $798.6M | $689.0M | $657.7M | $710.2M | $657.5M | $573.3M | $527.3M | $466.9M | $546.6M | $512.3M |
| Accounts payable | $54.0M | $21.8M | $28.5M | $17.8M | $31.2M | $21.1M | $14.9M | $12.8M | $19.8M | $20.0M |
| Total current liabilities | $177.9M | $121.0M | $83.0M | $83.5M | $89.3M | $74.0M | $53.5M | $39.0M | $53.2M | $54.4M |
| Total liabilities | $203.8M | $127.6M | $97.8M | $104.1M | $110.4M | $98.3M | $79.2M | $47.4M | $64.5M | $57.6M |
| Retained earnings | -$327.9M | -$252.1M | -$134.9M | $34.5M | $99.9M | $126.3M | $186.1M | $230.9M | $261.3M | $242.4M |
| Total equity | $594.8M | $561.4M | $559.9M | $606.1M | $547.2M | $475.0M | $448.1M | $419.5M | $482.2M | $454.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $73.5M | $33.8M | $19.0M | $44.1M | $38.8M | $30.8M | $39.4M | $24.5M | $85.4M | $113.3M |
| Depreciation and amortisation | $25.6M | $26.1M | $24.8M | $19.9M | $2.8M | $2.6M | $2.8M | $2.6M | $1.8M | $1.5M |
| Stock-based compensation | $98.0M | $107.8M | $111.3M | $111.2M | $87.8M | $70.1M | $66.9M | $60.8M | $56.9M | $48.8M |
| Capital expenditure | $15.5M | $10.4M | $12.0M | $15.1M | $9.7M | $4.9M | $1.8M | $2.9M | $3.7M | $2.7M |
| Investing cash flow | -$30.5M | -$40.5M | $7.8M | -$107.3M | -$119.6M | -$31.3M | -$8.6M | -$79.1M | -$9.6M | -$45.7M |
| Financing cash flow | $3.8M | $6.4M | $4.5M | $5.7M | $10.5M | $10.4M | $6.5M | -$98.0M | -$52.0M | -$12.8M |
| Buybacks | $1.0M | $0 | $0 | $0 | $0 | $1.0M | $0 | $99.9M | $54.8M | $20.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-227183.
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