ICHOR HOLDINGS, LTD. ICHR

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Unless expressly indicated or the context requires otherwise, the terms "Ichor," "Company," "we," "us," "our," and similar terms in this Annual Report on Form 10-K refer to Ichor Holdings, Ltd. and its consolidated subsidiaries.

We were originally incorporated as Celerity, Inc. ("Celerity") in 1999. Ichor Holdings, Ltd., an exempt limited company incorporated in the Cayman Islands, was formed in March 2012. We completed the initial public offering of our ordinary shares in December 2016.

We use a 52- or 53-week fiscal year ending on the last Friday in December. The following table details our fiscal periods included elsewhere in this Annual Report on Form 10-K. All references to 2025, 2024, and 2023, including the quarters thereto, relate to our fiscal periods as so detailed.

Last close 37.94 2026-10-23
Market cap $1.42B 2026-06-26 share count
52-week range 14.06 - 113.58

Valuation FY2025 figures against the last close

P/S1.5x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.54

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Singapore
  • United States of America
  • Other
  • Europe
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 Singapore, FY2025: 431.5M (45.5%) 46% Singapore United States of America, FY2025: 295M (31.1%) 31% United States of America Other, FY2025: 123.1M (13.0%) 13% Other Europe, FY2025: 98M (10.3%) 10% Europe FY2024 Singapore, FY2024: 353.2M (41.6%) 42% United States of America, FY2024: 268.9M (31.7%) 32% Other, FY2024: 128M (15.1%) 15% Europe, FY2024: 98.9M (11.6%) 12% FY2023 Singapore, FY2023: 318.8M (39.3%) 39% United States of America, FY2023: 281.3M (34.7%) 35% Other, FY2023: 94.7M (11.7%) 12% Europe, FY2023: 116.3M (14.3%) 14%
Region FY2025FY2024FY2023
Singapore $431.5M $353.2M $318.8M
United States of America $295.0M $268.9M $281.3M
Other $123.1M $128.0M $94.7M
Europe $98.0M $98.9M $116.3M

As the company reported it, from the “Segment Information - Schedule of Sales By Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $947.7M$849.0M$811.1M$1.28B$1.10B$914.2M$620.8M$823.6M$655.9M$405.7M
Cost of revenue $859.9M$745.7M$707.7M$1.07B$919.4M$789.3M$534.5M$687.5M$555.1M$340.4M
Gross profit $87.8M$103.3M$103.4M$211.9M$177.5M$124.9M$86.4M$136.1M$100.8M$65.4M
R&D $23.1M$23.0M$20.2M$19.6M$15.7M$13.4M$11.1M$9.4M$7.9M$6.4M
SG&A $95.7M$79.4M$79.3M$88.6M$65.9M$56.6M$47.3M$47.4M$37.8M$28.1M
Total operating expenses $127.0M$111.0M$114.3M$126.0M$96.5M$83.3M$71.4M$72.2M$54.6M$41.5M
Operating income -$39.3M-$7.6M-$10.9M$85.8M$81.0M$41.6M$15.0M$64.0M$46.2M$23.9M
Interest expense $6.6M$9.3M$19.4M$11.1M$6.5M$8.7M$10.6M$10.0M$3.3M$4.4M
Pre-tax income -$47.6M-$18.1M-$31.1M$75.3M$73.8M$32.3M$4.3M$54.2M$43.0M$20.1M
Income tax $5.2M$2.8M$11.9M$2.5M$2.9M$988.0K$6.5M$3.7M$13.9M$649.0K
Net income -$52.8M-$20.8M-$43.0M$72.8M$70.9M$33.3M$10.7M$57.9M$56.5M$16.7M
EPS, basic -1.54-0.64-1.472.542.511.440.482.342.250.92
EPS, diluted -1.54-0.64-1.472.512.451.420.472.302.150.70
Shares, diluted (wtd. avg.) 34.2M32.8M29.2M29.0M29.0M23.5M22.8M25.1M26.2M2.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $98.3M$108.7M$80.0M$86.5M$75.5M$252.9M————
Receivables $70.5M$86.6M$66.7M$136.3M$143.0M$101.0M$84.8M$40.3M$49.2M$26.4M
Inventory $231.8M$250.1M$245.9M$283.7M$236.1M$134.8M$127.0M$121.1M$154.5M$70.9M
Total current assets $410.1M$452.6M$401.4M$513.5M$462.8M$495.7M$276.9M$211.6M$278.5M$157.1M
Property, plant and equipment $103.9M$94.9M$92.8M$98.1M$85.2M$41.8M$44.5M$41.7M$34.4M$12.0M
Goodwill $335.4M$335.4M$335.4M$335.4M$335.9M$174.9M$173.0M$173.0M$169.4M$77.1M
Other intangibles $40.4M$48.7M$57.3M$72.0M$89.9M$39.8M$52.0M$56.9M$73.4M$32.1M
Total assets $942.9M$995.6M$938.5M$1.08B$1.02B$774.2M$566.6M$485.5M$557.7M$282.5M
Accounts payable $84.0M$91.7M$60.5M$110.2M$159.7M$116.7M$131.6M$64.3M$121.4M$88.5M
Short-term debt $6.2M$7.5M$7.5M$7.5M$7.5M$8.8M$8.8M$8.8M$6.5M—
Total current liabilities $129.6M$135.7M$99.0M$166.3M$208.3M$162.0M$163.9M$87.8M$147.2M$101.1M
Long-term debt $117.3M$121.0M$241.2M$293.2M$285.3M$191.5M$169.3M$192.1M$180.2M$37.9M
Total liabilities $279.0M$297.2M$373.8M$496.2M$520.2M$362.5M$345.1M$287.2M$340.9M$140.8M
Retained earnings $131.1M$183.9M$204.7M$247.7M$174.9M$104.0M$70.7M$59.9M$2.1M-$54.4M
Total equity $663.9M$698.3M$564.7M$587.5M$500.7M$411.7M$221.4M$198.3M$216.8M$141.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $29.9M$27.9M$57.6M$31.5M$15.3M$38.3M$57.1M$60.5M$38.8M$27.7M
Depreciation and amortisation $23.5M$21.0M$18.8M$17.2M$11.1M$10.9M$8.9M$7.7M$3.6M$2.5M
Stock-based compensation $16.7M$15.6M$17.3M$13.9M$11.5M$9.9M$8.5M$7.6M$2.2M$3.2M
Capital expenditure $36.2M$17.6M$15.5M$29.4M$20.8M$10.3M$12.3M$13.9M$8.2M$4.3M
Investing cash flow -$36.2M-$17.6M-$15.5M-$28.9M-$289.6M-$14.6M-$20.5M-$15.4M-$186.8M-$21.2M
Financing cash flow -$4.1M$18.5M-$48.7M$8.5M$96.9M$168.6M-$19.9M-$70.6M$164.6M$21.9M
Buybacks ——————$1.6M$90.0M——

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 0001652535-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 405.7M Gross profit, FY2016: 65.4M Net income, FY2016: 16.7M Revenue, FY2017: 655.9M Gross profit, FY2017: 100.8M Net income, FY2017: 56.5M Revenue, FY2018: 823.6M Gross profit, FY2018: 136.1M Net income, FY2018: 57.9M Revenue, FY2019: 620.8M Gross profit, FY2019: 86.4M Net income, FY2019: 10.7M Revenue, FY2020: 914.2M Gross profit, FY2020: 124.9M Net income, FY2020: 33.3M Revenue, FY2021: 1.1B Gross profit, FY2021: 177.5M Net income, FY2021: 70.9M Revenue, FY2022: 1.3B Gross profit, FY2022: 211.9M Net income, FY2022: 72.8M Revenue, FY2023: 811.1M Gross profit, FY2023: 103.4M Net income, FY2023: -43M Revenue, FY2024: 849M Gross profit, FY2024: 103.3M Net income, FY2024: -20.8M Revenue, FY2025: 947.7M Gross profit, FY2025: 87.8M Net income, FY2025: -52.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $405.7M $655.9M $823.6M $620.8M $914.2M $1.10B $1.28B $811.1M $849.0M $947.7M
Gross profit $65.4M $100.8M $136.1M $86.4M $124.9M $177.5M $211.9M $103.4M $103.3M $87.8M
Net income $16.7M $56.5M $57.9M $10.7M $33.3M $70.9M $72.8M -$43.0M -$20.8M -$52.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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