SGH · Smart Global Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.37B | $1.17B | $1.44B | $1.82B | $1.50B | $1.12B |
| Cost of Revenue | $974.52M | $830.02M | $1.03B | $1.37B | $1.19B | $905.98M |
| Gross Profit | $394.27M | $340.78M | $415.17M | $453.22M | $308.38M | $216.40M |
| R&D | $79.80M | $81.54M | $90.56M | $77.36M | $49.27M | $52.06M |
| SG&A | $238.18M | $233.88M | $260.72M | $220.03M | $169.46M | $119.52M |
| Total Operating Expenses | $336.14M | $322.48M | $406.43M | $338.71M | $253.18M | $175.07M |
| D&A | $56.22M | $65.72M | $71.63M | $64.91M | $49.11M | $36.43M |
| Operating Income | $58.13M | $18.30M | $8.74M | $114.51M | $55.20M | $41.33M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $20.07M | $10.62M | ($49.20M) | $19.91M | $15.47M | $10.50M |
| Net Income | $25.39M | ($52.47M) | ($187.53M) | $66.56M | $21.31M | ($1.14M) |
| EPS - Basic | $0.29 | ($1.00) | ($3.78) | $1.35 | $0.88 | ($0.05) |
| EPS - Diluted | $0.28 | ($1.00) | ($3.65) | $1.22 | $0.83 | ($0.05) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $453.75M | $383.15M | $365.56M | $363.06M | $222.99M | $150.81M |
| Accounts Receivable | $307.90M | $251.74M | $219.25M | $410.32M | $313.39M | $215.92M |
| Inventory | $255.18M | $151.21M | $174.98M | $323.08M | $363.60M | $162.99M |
| Accounts Payable | $267.50M | $182.04M | $134.98M | $345.06M | $429.64M | $224.66M |
| Current Assets | $1.06B | $867.70M | $907.40M | $1.15B | $950.82M | $556.71M |
| Total Assets | $1.62B | $1.47B | $1.51B | $1.57B | $1.34B | $786.61M |
| Current Liabilities | $473.90M | $327.60M | $426.25M | $515.54M | $583.80M | $282.49M |
| Long-term Debt | $441.89M | $657.35M | $754.82M | $591.39M | $340.48M | $195.57M |
| Total Liabilities | $1.01B | $1.08B | $1.28B | $1.19B | $1.03B | $504.50M |
| Stockholders' Equity | $394.25M | $391.38M | $222.47M | $371.61M | $310.25M | $282.10M |
| Retained Earnings | $46.71M | $29.98M | $82.46M | $251.34M | $184.79M | $163.48M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $109.08M | $77.19M | $104.39M | $104.93M | $153.35M | $87.20M |
| Investing Cash Flow | $24.97M | $107.58M | ($298.57M) | ($38.97M) | ($84.18M) | ($32.04M) |
| Financing Cash Flow | ($63.46M) | ($210.10M) | $236.42M | $73.88M | $2.85M | $12.59M |
| CapEx | $9.01M | $19.42M | $39.42M | $38.15M | $47.58M | $32.45M |
| Free Cash Flow | $100.07M | $57.76M | $64.97M | $66.78M | $105.77M | $54.76M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 28.8% | 29.1% | 28.8% | 24.9% | 20.5% | 19.3% |
| Operating margin | 4.2% | 1.6% | 0.6% | 6.3% | 3.7% | 3.7% |
| EBITDA margin | 8.4% | 7.2% | 5.6% | 9.9% | 6.9% | 6.9% |
| Net margin | 1.9% | -4.5% | -13.0% | 3.7% | 1.4% | -0.1% |
| Free cash flow margin | 7.3% | 4.9% | 4.5% | 3.7% | 7.0% | 4.9% |
| FCF / Net income | 3.94 | -1.10 | -0.35 | 1.00 | 4.96 | -47.91 |
| R&D / Revenue | 5.8% | 7.0% | 6.3% | 4.3% | 3.3% | 4.6% |
| SG&A / Revenue | 17.4% | 20.0% | 18.1% | 12.1% | 11.3% | 10.6% |
| Effective tax rate | 44.1% | - | - | 23.0% | 42.1% | 112.2% |
| Return on assets | 1.6% | -3.6% | -12.5% | 4.2% | 1.6% | -0.1% |
| Return on equity | 6.4% | -13.4% | -84.3% | 17.9% | 6.9% | -0.4% |
| Return on invested capital | 3.9% | 1.4% | 0.7% | 9.2% | 4.9% | 4.3% |
| Liquidity | ||||||
| Current ratio | 2.25 | 2.65 | 2.13 | 2.23 | 1.63 | 1.97 |
| Quick ratio | 1.71 | 2.19 | 1.72 | 1.61 | 1.01 | 1.39 |
| Cash ratio | 0.96 | 1.17 | 0.86 | 0.70 | 0.38 | 0.53 |
| Leverage | ||||||
| Debt / Equity | 1.12 | 1.68 | 3.39 | 1.59 | 1.10 | 0.69 |
| Debt / Assets | 0.27 | 0.45 | 0.50 | 0.38 | 0.25 | 0.25 |
| Debt / EBITDA | 3.86 | 7.82 | 9.39 | 3.30 | 3.26 | 2.52 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 4.10 | 3.77 | 6.77 | 4.23 | 4.33 | 2.79 |
| Liabilities / Assets | 0.62 | 0.73 | 0.85 | 0.76 | 0.76 | 0.64 |
| Efficiency | ||||||
| Asset turnover | 0.85 | 0.79 | 0.96 | 1.16 | 1.12 | 1.43 |
| Inventory turnover | 3.82 | 5.49 | 5.86 | 4.23 | 3.28 | 5.56 |
| Days sales outstanding | 82d | 78d | 56d | 82d | 76d | 70d |
| Days inventory outstanding | 96d | 66d | 62d | 86d | 111d | 66d |
| Days payable outstanding | 100d | 80d | 48d | 92d | 131d | 91d |
| Cash conversion cycle | 77d | 65d | 70d | 76d | 56d | 45d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 16.9% | -18.8% | -20.8% | 21.2% | 33.7% | -7.4% |
| Revenue CAGR (3y) | -9.0% | -8.0% | 8.7% | 14.5% | 5.2% | 20.4% |
| Revenue CAGR (5y) | 4.0% | -0.7% | 2.3% | 23.1% | - | - |
| Gross profit growth (YoY) | 15.7% | -17.9% | -8.4% | 47.0% | 42.5% | -8.9% |
| Operating income growth (YoY) | 217.8% | 109.2% | -92.4% | 107.5% | 33.6% | -53.6% |
| Net income growth (YoY) | - | 72.0% | - | 212.3% | - | - |
| EPS growth (YoY) | - | 72.6% | - | 47.0% | - | - |
| EPS CAGR (3y) | -38.8% | - | - | -17.7% | -45.7% | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 73.3% | -11.1% | -2.7% | -36.9% | 93.2% | -59.8% |
| FCF CAGR (5y) | 12.8% | -15.8% | 9.0% | 49.0% | - | - |
| Book value growth (YoY) | 0.7% | 75.9% | -40.1% | 19.8% | 10.0% | 3.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-08-29.
Business segments
$1.37B totalAdvanced Computing Segment$648.42M · 47.4%
Integrated Memory Segment$464.25M · 33.9%
Optimized LEDSegment$256.13M · 18.7%
Product / service
$1.34B totalProduct$1.07B · 80.3%
Service$263.71M · 19.7%
Geographic
$1.37B totalUS$776.51M · 56.7%
CN$186.85M · 13.7%
Other Country$161.14M · 11.8%
MX$147.30M · 10.8%
Europe$97.00M · 7.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.41
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing SMART Global Holdings against the 5 most active filers in the same SIC group.