Executive Highlights
FY2025
Total Revenue
$4.82B
Full Year FY2025
Net Income
$612M
↑ 18.1% YoY
EPS
$4.87
Diluted
EBITDA
$1.54B
Margin: 31.99%
Dividend/Share
$1.2
Declared FY2025
Market Cap
$13.7B
P/E: 22.4x
Acme Corporation delivered record revenue in FY2025, driven by strong performance in our Cloud Services and Hardware segments. Net income grew 18% year-over-year, reflecting disciplined cost management and operational efficiency gains across all business units.
— Margaret L. Harrington, Chief Executive Officer
Consolidated Income Statement
January 1 – December 31, 2025
| Revenue Stream | Amount (USD) | % of Total |
|---|---|---|
| Cloud Services | $2,104,000,000 | 43.7% |
| Hardware | $1,536,000,000 | 31.9% |
| Professional Services | $892,000,000 | 18.5% |
| Licensing | $288,000,000 | 6.0% |
| Total Revenue | $4,820,000,000 | 100.0% |
| Cost of Goods Sold | ($1,930,000,000) | |
| Gross Profit | $2,890,000,000 | 59.96% |
| Operating Expenses | Amount (USD) |
|---|---|
| Research & Development | $482,000,000 |
| Sales & Marketing | $724,000,000 |
| General & Administrative | $310,000,000 |
| Total OpEx | $1,516,000,000 |
| Operating Income | $1,374,000,000 |
| Interest Expense | ($88,000,000) |
| Other Income | $14,000,000 |
| Income Tax Expense | ($338,000,000) |
| Net Income | $612,000,000 |
Revenue by Segment — Visual
Margin Summary
Gross Margin59.96%
Net Margin12.7%
EBITDA Margin31.99%
Effective Tax Rate26.0%
D&A$168,000,000
EBITDA$1,542,000,000
Balance Sheet
As of 2025-12-31
| Assets | USD |
|---|---|
| Current Assets | |
| Cash & Equivalents | $1,124,000,000 |
| Short-Term Investments | $430,000,000 |
| Accounts Receivable | $694,000,000 |
| Inventory | $312,000,000 |
| Prepaid Expenses | $78,000,000 |
| Total Current Assets | $2,638,000,000 |
| Non-Current Assets | |
| PP&E (Net) | $1,042,000,000 |
| Intangible Assets | $520,000,000 |
| Goodwill | $874,000,000 |
| Long-Term Investments | $210,000,000 |
| Total Non-Current Assets | $2,646,000,000 |
| Total Assets | $5,284,000,000 |
| Liabilities & Equity | USD |
|---|---|
| Current Liabilities | |
| Accounts Payable | $388,000,000 |
| Accrued Liabilities | $212,000,000 |
| Short-Term Debt | $150,000,000 |
| Deferred Revenue | $196,000,000 |
| Total Current Liabilities | $946,000,000 |
| Non-Current Liabilities | |
| Long-Term Debt | $980,000,000 |
| Deferred Tax Liabilities | $134,000,000 |
| Other LT Liabilities | $88,000,000 |
| Total Non-Current Liabilities | $1,202,000,000 |
| Total Liabilities | $2,148,000,000 |
| Stockholders' Equity | |
| Common Stock | $126,000,000 |
| Additional Paid-In Capital | $842,000,000 |
| Retained Earnings | $2,168,000,000 |
| Total Stockholders' Equity | $3,136,000,000 |
| Total Liabilities & Equity | $5,284,000,000 |
Cash Flow Statement
2025-01-01 – 2025-12-31
| Operating Activities | USD |
|---|---|
| Net Income | $612,000,000 |
| Depreciation & Amortization | $168,000,000 |
| Stock-Based Compensation | $94,000,000 |
| Changes in Working Capital | ($42,000,000) |
| Other | $18,000,000 |
| Net Cash from Operations | $850,000,000 |
| Investing Activities | USD |
|---|---|
| Capital Expenditures | ($234,000,000) |
| Acquisitions | ($310,000,000) |
| Purchases of Investments | ($180,000,000) |
| Proceeds from Investments | $120,000,000 |
| Net Cash from Investing | ($604,000,000) |
| Financing Activities | USD |
|---|---|
| Debt Repayments | ($100,000,000) |
| Dividends Paid | ($151,000,000) |
| Share Repurchases | ($200,000,000) |
| Proceeds from Stock Issuance | $36,000,000 |
| Net Cash from Financing | ($415,000,000) |
Cash Summary
Beginning Cash Balance$1,293,000,000
Net Cash from Operations+$850,000,000
Net Cash from Investing($604,000,000)
Net Cash from Financing($415,000,000)
Net Change in Cash($169,000,000)
Ending Cash Balance$1,124,000,000
Cash Flow — Visual
Segment Performance
FY2025
Cloud Services
Revenue$2,104,000,000
Operating Income$632,000,000
YoY Growth+28.4%
Customers14200
Growth vs. 30% benchmark
Hardware
Revenue$1,536,000,000
Operating Income$384,000,000
YoY Growth+6.1%
Units Sold482000
Growth vs. 30% benchmark
Professional Services
Revenue$892,000,000
Operating Income$267,000,000
YoY Growth+11.5%
Engagements3100
Growth vs. 30% benchmark
Licensing
Revenue$288,000,000
Operating Income$91,000,000
YoY Growth+4.2%
Active Licenses87000
Growth vs. 30% benchmark
Key Performance Metrics
FY2025
Profitability
Return on Equity19.5%
Return on Assets11.6%
Net Margin12.7%
Gross Margin59.96%
EBITDA Margin31.99%
Liquidity & Leverage
Current Ratio2.79x
Debt-to-Equity0.36x
Interest Coverage15.6x
Growth
Revenue Growth YoY+14.3%
Net Income Growth YoY+18.1%
ARR Growth+31.2%
Annual Recurring Revenue$2,392,000,000
Market & Customer
P/E Ratio22.4x
Market Capitalization$13,700,000,000
Book Value / Share$24.96
Customer Lifetime Value$38000
Net Revenue Retention114%
Regional Breakdown
FY2025 Revenue by Geography
| Region | Revenue (USD) | Share % | Growth % |
|---|---|---|---|
| North America | $2,604,800,000 | 54.0% | +11.2% |
| Europe | $1,204,800,000 | 25.0% | +18.7% |
| Asia Pacific | $772,800,000 | 16.0% | +29.4% |
| Rest of World | $237,600,000 | 4.9% | +22.1% |
| International Total | $2,215,200,000 | 46.0% | +22.7% |
Revenue Share by Region
Quarterly Summary
FY2025 by Quarter
| Quarter | Revenue (USD) | Net Income (USD) | EPS | Rev. Share |
|---|---|---|---|---|
| Q1 — Jan to Mar 2025 | $1,102,000,000 | $128,000,000 | $1.02 | 22.9% |
| Q2 — Apr to Jun 2025 | $1,188,000,000 | $148,000,000 | $1.18 | 24.6% |
| Q3 — Jul to Sep 2025 | $1,240,000,000 | $162,000,000 | $1.29 | 25.7% |
| Q4 — Oct to Dec 2025 | $1,290,000,000 | $174,000,000 | $1.38 | 26.8% |
| Full Year FY2025 | $4,820,000,000 | $612,000,000 | $4.87 | 100.0% |
Quarterly Revenue Trend