MRVL financial statements

The full income statement, balance sheet, and cash-flow statement for Marvell Technology Inc. (MRVL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2026	FY2026	FY2025	FY2023	FY2022
Income Statement	as ofJan 31 ’26	as ofFeb 1 ’25	as ofFeb 3 ’24	as ofJan 28 ’23	as ofJan 29 ’22
Revenue	8.19B YoY+42.1%	5.77B YoY+4.7%	5.51B YoY-7.0%	5.92B YoY+32.7%	4.46B YoY+50.3%
	4.18B YoY+75.5%	2.38B YoY+3.9%	2.29B YoY-23.2%	2.99B YoY+44.7%	2.06B YoY+38.7%
Cost of revenue	4.01B YoY+18.6%	3.39B YoY+5.3%	3.21B YoY+9.6%	2.93B YoY+22.3%	2.40B YoY+62.0%
Research & development	2.08B YoY+6.4%	1.95B YoY+2.9%	1.90B YoY+6.3%	1.78B YoY+25.3%	1.42B YoY+32.8%
Selling, general & administrative	767M YoY-3.9%	798M YoY-4.3%	834M YoY-1.1%	844M YoY-11.7%	955M
Selling & marketing	—	—	—	844M YoY-11.7%	955M YoY+104.5%
Restructuring	30.0M YoY-83.8%	185M YoY+41.3%	131M YoY+506.9%	21.6M YoY-33.3%	32.4M
Amortization of intangibles	942M YoY-10.5%	1.05B YoY-4.1%	1.10B YoY+1.0%	1.09B YoY+11.0%	979M
Operating income	1.32B YoY+283.7%	-720M YoY-26.9%	-568M YoY-338.5%	238M YoY+168.4%	-348M YoY-34.6%
Interest expense	203M YoY+7.0%	189M YoY-10.5%	212M YoY+24.1%	171M YoY+22.5%	139M YoY+101.0%
Other non-operating income	1.93B YoY+12742.0%	15.0M YoY-27.5%	20.7M YoY+66.9%	12.4M YoY+359.3%	2.70M YoY-6.9%
Pre-tax income	3.05B YoY+440.5%	-895M YoY-17.9%	-759M YoY-991.5%	85.1M YoY+117.6%	-484M YoY-50.1%
Income tax	377M YoY+3981.4%	-9.70M YoY-105.6%	175M YoY-29.7%	249M YoY+497.8%	-62.5M YoY-39.2%
Net income	2.67B YoY+401.7%	-885M YoY+5.2%	-933M YoY-470.9%	-164M YoY+61.2%	-421M YoY-51.8%
	$3.07 YoY+401.0%	-$1.02 YoY+5.6%	-$1.08 YoY-468.4%	-$0.19 YoY+64.2%	-$0.53 YoY-29.3%
EPS (basic)	$3.10 YoY+403.9%	-$1.02 YoY+5.6%	-$1.08 YoY-468.4%	-$0.19 YoY+64.2%	-$0.53 YoY-29.3%
Weighted-avg shares (basic)	861M YoY-0.5%	866M YoY+0.5%	861M YoY+1.2%	851M YoY+6.8%	797M YoY+19.2%
Weighted-avg shares (diluted)	870M YoY+0.5%	866M YoY+0.5%	861M YoY+1.2%	851M YoY+6.8%	797M YoY+19.2%
Dividends per share	$0.24 YoY+0.0%	$0.24 YoY+0.0%	$0.24 YoY+0.0%	$0.24 YoY+0.0%	$0.24 YoY+0.0%
Balance Sheet	as ofJan 31 ’26	as ofFeb 1 ’25	as ofFeb 3 ’24	as ofJan 28 ’23	as ofJan 29 ’22
	6.46B YoY+107.1%	3.12B YoY+1.9%	3.06B YoY-6.7%	3.28B YoY+31.6%	2.49B YoY+54.2%
Cash & equivalents	2.64B YoY+178.3%	948M YoY-0.3%	951M YoY+4.4%	911M YoY+48.5%	614M YoY-18.0%
Cash & short-term investments	951M YoY+0.0%	951M YoY+0.0%	951M YoY+4.4%	911M YoY+48.5%	614M
Accounts receivable	2.19B YoY+112.6%	1.03B YoY-8.3%	1.12B YoY-5.9%	1.19B YoY+13.7%	1.05B YoY+95.4%
Inventory	1.39B YoY+34.8%	1.03B YoY+19.1%	864M YoY-19.1%	1.07B YoY+48.3%	720M YoY+168.5%
Prepaid expenses	247M YoY+117.0%	114M YoY-9.5%	126M YoY+14.9%	110M YoY-1.3%	111M YoY+74.0%
	22.3B YoY+10.3%	20.2B YoY-4.8%	21.2B YoY-5.7%	22.5B YoY+1.9%	22.1B YoY+105.4%
Property, plant & equipment	935M YoY+18.3%	791M YoY+4.6%	756M YoY+30.9%	577M YoY+24.8%	463M YoY+41.9%
Operating lease right-of-use	284M YoY+15.5%	246M YoY+20.8%	204M YoY-3.6%	211M YoY+48.8%	142M YoY+40.0%
Goodwill	11.1B YoY-4.5%	11.6B YoY+0.0%	11.6B YoY+0.0%	11.6B YoY+0.7%	11.5B YoY+115.7%
Intangible assets	1.75B YoY-35.3%	2.71B YoY-32.3%	4.00B YoY-21.5%	5.10B YoY-17.1%	6.15B YoY+171.0%
Deferred tax assets	346M YoY-13.8%	401M YoY+28.6%	312M YoY-33.1%	466M YoY-5.6%	494M YoY-26.6%
Other non-current assets	1.73B YoY+8.3%	1.59B YoY+5.8%	1.51B YoY-0.1%	1.51B YoY+51.7%	994M YoY+83.6%
	3.22B YoY+58.9%	2.03B YoY+11.7%	1.81B YoY-24.0%	2.39B YoY+71.9%	1.39B YoY+28.9%
Accounts payable	1.07B YoY+72.6%	622M YoY+51.3%	411M YoY-11.7%	466M YoY+0.9%	462M YoY+82.8%
Accrued liabilities	1.34B YoY+37.5%	973M YoY-5.8%	1.03B YoY-5.4%	1.09B	—
Deferred revenue	40.1M YoY+81.4%	22.1M YoY-48.8%	43.2M YoY-4.4%	45.2M YoY-82.5%	259M YoY+42.9%
Short-term & current debt	500M YoY+285.9%	130M YoY+20.7%	107M YoY-81.6%	584M YoY+824.7%	63.2M YoY-68.3%
Current lease liability	56.5M YoY+17.0%	48.3M YoY+22.6%	39.4M YoY-10.0%	43.8M YoY+14.7%	38.2M YoY+17.7%
	7.98B YoY+17.7%	6.78B YoY+5.9%	6.40B YoY-7.1%	6.88B YoY+7.5%	6.41B YoY+175.1%
Long-term debt	3.97B YoY+0.9%	3.93B YoY-3.1%	4.06B YoY+3.9%	3.91B YoY-12.9%	4.48B YoY+351.6%
Non-current lease liability	263M YoY+13.9%	231M YoY+17.9%	196M YoY-2.8%	202M YoY+43.7%	140M YoY+34.4%
Deferred tax liabilities	20.5M YoY-39.3%	33.8M YoY-42.4%	58.7M YoY-8.6%	64.2M YoY+86.1%	34.5M YoY+54.3%
Other non-current liabilities	786M YoY-3.8%	816M YoY+55.7%	524M YoY-11.2%	591M YoY+10.8%	533M YoY+105.9%
	14.3B YoY+6.6%	13.4B YoY-9.5%	14.8B YoY-5.2%	15.6B YoY-0.4%	15.7B YoY+86.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.70M YoY+0.0%	1.70M YoY+0.0%	1.70M YoY+0.0%	1.70M YoY+0.0%	1.70M YoY+25.9%
Additional paid-in capital	13.0B YoY-10.9%	14.5B YoY-2.1%	14.8B YoY+2.3%	14.5B YoY+2.1%	14.2B YoY+124.4%
Retained earnings	1.36B YoY+222.2%	-1.11B YoY-6541.9%	-16.7M YoY-101.5%	1.12B YoY-24.7%	1.49B YoY-29.1%
Accumulated other comprehensive income	0.00 YoY-100.0%	400K YoY-63.6%	1.10M	0.00	0.00
Total liabilities & equity	22.3B YoY+10.3%	20.2B YoY-4.8%	21.2B YoY-5.7%	22.5B YoY+1.9%	22.1B YoY+105.4%
Common shares issued	847M YoY-2.2%	866M YoY+0.1%	866M YoY+1.1%	856M YoY+1.1%	847M YoY+25.4%
Common shares outstanding	847M YoY-2.2%	866M YoY+0.1%	866M YoY+1.1%	856M YoY+1.1%	847M YoY+25.4%
Shares outstanding (cover)	848M YoY-2.0%	865M YoY+0.1%	865M YoY+1.3%	853M YoY+1.1%	844M
Cash Flow	as ofJan 31 ’26	as ofFeb 1 ’25	as ofFeb 3 ’24	as ofJan 28 ’23	as ofJan 29 ’22
	1.75B YoY+4.1%	1.68B YoY+22.7%	1.37B YoY+6.3%	1.29B YoY+57.3%	819M YoY+0.2%
Depreciation & amortization	222M YoY+25.3%	177M YoY+19.4%	148M YoY-51.4%	305M YoY+14.7%	266M YoY+34.4%
Share-based compensation	591M YoY-1.1%	597M YoY-2.0%	610M YoY+10.4%	552M YoY+19.9%	461M YoY+90.8%
Deferred income taxes	42.2M YoY+137.7%	-112M YoY-174.2%	151M YoY+199.2%	50.4M YoY+153.7%	-93.9M YoY-137.7%
Change in receivables	1.16B YoY+1342.7%	-93.2M YoY-32.0%	-70.6M YoY-149.5%	143M YoY-65.1%	409M YoY+823.3%
Change in inventory	390M YoY+69.5%	230M YoY+213.9%	-202M YoY-152.3%	386M YoY+32.2%	292M YoY+1076.3%
Change in payables	299M YoY+64.9%	182M YoY+221.7%	-149M YoY-69.8%	-87.8M YoY-194.2%	93.2M YoY+134.8%
	2.10B YoY+797.6%	-301M YoY+14.2%	-351M YoY-6.7%	-328M YoY+91.2%	-3.75B YoY-3031.4%
Capital expenditure	354M YoY+24.4%	285M YoY-15.4%	336M YoY+63.1%	206M YoY+21.9%	169M YoY+58.4%
Acquisitions	0.00 YoY-100.0%	10.4M	0.00 YoY-100.0%	112M YoY-96.8%	3.56B
Proceeds from sale of PP&E	27.4M YoY+5380.0%	500K YoY+66.7%	300K	—	—
Other investing activities	49.6M YoY+6300.0%	-800K YoY-233.3%	600K YoY+150.0%	-1.20M YoY-137.5%	3.20M YoY+3100.0%
	-2.16B YoY-56.0%	-1.38B YoY-41.1%	-980M YoY-47.9%	-663M YoY-123.8%	2.79B YoY+567.6%
Long-term debt issued	—	0.00 YoY-100.0%	1.30B YoY+547.6%	200M YoY-94.9%	3.90B
Long-term debt repaid	791M YoY+622.7%	109M YoY-93.3%	1.62B YoY+510.9%	266M YoY-49.6%	527M YoY+110.7%
Common stock repurchased	2.04B YoY+181.4%	725M YoY+383.3%	150M YoY+30.4%	115M	0.00 YoY-100.0%
Dividends paid	205M YoY-1.2%	208M YoY+0.3%	207M YoY+1.2%	204M YoY+7.0%	191M YoY+18.9%
Other financing activities	-30.3M YoY-15050.0%	-200K YoY+99.1%	-21.4M YoY-2477.8%	900K YoY+108.3%	-10.8M YoY-620.0%
Net change in cash	1.69B YoY+67720.0%	-2.50M YoY-106.3%	39.8M YoY-86.6%	298M YoY+320.4%	-135M YoY-233.8%
Interest paid	178M YoY+2.5%	173M YoY-0.2%	174M YoY+17.4%	148M YoY+62.2%	91.2M YoY+67.0%
Income taxes paid	92.1M YoY+129.7%	40.1M YoY-66.7%	121M YoY+25.8%	95.9M YoY+1113.9%	7.90M YoY-44.4%
Valuation Ratios	as ofJan 31 ’26	as ofFeb 1 ’25	as ofFeb 3 ’24	as ofJan 28 ’23	as ofJan 29 ’22
Market cap	66.9B YoY-31.5%	97.7B YoY+67.3%	58.4B YoY+54.6%	37.8B YoY-32.5%	56.0B
P/E	27.5×	—	—	—	—
P/S	8.7× YoY-52.0%	18.2× YoY+71.6%	10.6× YoY+64.1%	6.5× YoY-53.7%	13.9×
P/B	4.8× YoY-33.8%	7.3× YoY+91.1%	3.8× YoY+57.7%	2.4× YoY-30.4%	3.5×
P/FCF	43.0× YoY-37.1%	68.5× YoY+0.6%	68.1× YoY+97.1%	34.5× YoY-69.5%	113.2×
Earnings yield	3.6%	—	—	—	—
FCF yield	2.3% YoY+59.1%	1.5% YoY-0.6%	1.5% YoY-49.3%	2.9% YoY+227.8%	0.9%
Dividend yield	0.3% YoY+43.0%	0.2% YoY-40.2%	0.4% YoY-34.5%	0.5% YoY+49.9%	0.4%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MRVL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MRVL filings on SEC EDGAR → Not investment advice.