CIRRUS LOGIC, INC. CRUS
Cirrus Logic, Inc. ("Cirrus Logic," "We," "Us," "Our," or the "Company") is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world's top mobile and consumer applications.
We were incorporated in California in 1984, became a public company in 1989 and were reincorporated in the State of Delaware in February 1999. Our primary facility, which houses engineering, sales and marketing, and administrative functions, is located in Austin, Texas. We also have offices in various other locations in the United States, United Kingdom, Taiwan, the People's Republic of China, South Korea, Japan, and Singapore. Our common stock, which has been publicly traded since 1989, is listed on the NASDAQ's Global Select Market under the symbol CRUS.
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 | $2.00B | $1.90B | $1.79B | $1.90B | $1.78B | $1.37B | $1.28B | $1.19B | $1.53B | $1.54B |
| Cost of revenue | $943.2M | $900.0M | $872.8M | $940.6M | $857.8M | $661.9M | $607.0M | $588.0M | $771.5M | $781.1M |
| Gross profit | $1.05B | $996.0M | $916.1M | $957.0M | $923.6M | $707.3M | $674.2M | $597.5M | $760.7M | $757.8M |
| R&D | $434.0M | $434.7M | $426.5M | $458.4M | $406.3M | $342.8M | $347.6M | $375.1M | $366.4M | $303.7M |
| SG&A | $159.8M | $151.0M | $144.2M | $153.1M | $151.0M | $127.0M | $131.1M | $126.5M | $131.8M | $127.3M |
| Total operating expenses | $593.8M | $585.7M | $572.6M | $707.9M | $557.3M | $470.1M | $500.7M | $496.7M | $498.3M | $440.8M |
| Operating income | $460.4M | $410.4M | $343.5M | $249.0M | $366.3M | $237.2M | $173.5M | $100.8M | $262.5M | $317.1M |
| Interest expense | $898.0K | $898.0K | $915.0K | $898.0K | $948.0K | $1.1M | $1.1M | $1.1M | $1.2M | $3.6M |
| Pre-tax income | $496.7M | $444.9M | $363.9M | $254.7M | $368.7M | $245.2M | $181.3M | $93.7M | $265.1M | $315.0M |
| Income tax | $82.3M | $113.4M | $89.4M | $78.0M | $42.3M | $27.9M | $21.8M | $3.8M | $103.1M | $53.8M |
| Net income | $414.4M | $331.5M | $274.6M | $176.7M | $326.4M | $217.3M | $159.5M | $90.0M | $162.0M | $261.2M |
| EPS, basic | 8.10 | 6.24 | 5.06 | 3.18 | 5.70 | 3.74 | 2.74 | 1.50 | 2.55 | 4.12 |
| EPS, diluted | 7.85 | 6.00 | 4.90 | 3.09 | 5.52 | 3.62 | 2.64 | 1.46 | 2.46 | 3.92 |
| Shares, diluted (wtd. avg.) | $52.8M | $55.2M | $56.0M | $57.2M | $59.1M | $60.1M | $60.5M | $61.6M | $66.0M | $66.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $800.9M | $539.6M | $502.8M | $445.8M | $369.8M | $442.2M | $292.1M | $216.2M | $235.6M | $351.2M |
| Short-term investments | — | — | — | — | $10.6M | $55.7M | $22.0M | $70.2M | $26.4M | $99.8M |
| Receivables | $220.1M | $216.0M | $162.5M | $150.5M | $240.3M | $108.7M | $154.0M | $120.7M | $100.8M | $120.0M |
| Inventory | $240.9M | $299.1M | $227.2M | $233.4M | $138.4M | $173.3M | $146.7M | $164.7M | $205.8M | $167.9M |
| Total current assets | $1.43B | $1.24B | $1.11B | $1.02B | $840.0M | $842.5M | $650.2M | $625.0M | $613.7M | $775.9M |
| Property, plant and equipment | $144.0M | $159.9M | $170.2M | $163.0M | $157.1M | $154.9M | $158.2M | $186.2M | $191.2M | $168.1M |
| Goodwill | $435.9M | $435.9M | $435.9M | $435.9M | $435.8M | $287.5M | $287.1M | $286.2M | $288.7M | $286.8M |
| Other intangibles | $20.7M | $27.5M | $29.6M | $38.9M | $158.1M | $22.0M | $34.4M | $67.8M | $111.5M | $135.2M |
| Total assets | $2.49B | $2.33B | $2.23B | $2.06B | $2.12B | $1.83B | $1.59B | $1.35B | $1.43B | $1.41B |
| Accounts payable | $80.6M | $63.2M | $55.5M | $81.5M | $115.4M | $102.7M | $78.4M | $48.4M | $69.8M | $73.8M |
| Total current liabilities | $194.7M | $195.2M | $186.4M | $216.3M | $264.8M | $213.6M | $158.6M | $115.5M | $140.2M | $144.1M |
| Retained earnings | $184.9M | $90.4M | $58.9M | -$9.3M | $23.4M | -$112.7M | -$201.7M | -$222.4M | -$139.3M | -$107.0M |
| Total equity | $2.13B | $1.95B | $1.82B | $1.66B | $1.60B | $1.39B | $1.23B | $1.14B | $1.16B | $1.15B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $650.6M | $444.4M | $421.7M | $339.6M | $124.8M | $348.9M | $295.8M | $206.7M | $318.7M | $369.8M |
| Depreciation and amortisation | $52.3M | $51.0M | $48.3M | $71.2M | $62.1M | $47.1M | $68.2M | $79.8M | $81.4M | $63.4M |
| Stock-based compensation | $81.8M | $84.1M | $89.3M | $81.6M | $66.4M | $56.8M | $53.8M | $49.7M | $48.7M | $39.6M |
| Capital expenditure | $14.0M | $22.8M | $37.6M | $35.1M | $26.1M | $18.3M | $15.7M | $31.6M | $55.2M | $41.8M |
| Investing cash flow | -$75.1M | -$124.3M | -$163.0M | -$33.3M | -$18.4M | -$77.7M | -$100.2M | -$54.7M | -$184.7M | -$69.9M |
| Financing cash flow | -$314.2M | -$283.2M | -$201.7M | -$230.3M | -$178.7M | -$121.2M | -$119.6M | -$171.5M | -$249.6M | -$117.5M |
| Buybacks | $280.0M | $261.0M | $186.0M | $191.4M | $167.5M | $110.0M | $120.0M | $160.0M | $175.8M | $15.4M |
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 0000772406-26-000024.
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