VICR financial statements

The full income statement, balance sheet, and cash-flow statement for Vicor Corporation (VICR), 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.

Shares outstanding (point-in-time)

2024-03 44.5M2024-06 45.1M2024-09 45.1M2024-12 45.2M2025-03 45.2M2025-06 44.9M2025-09 44.7M2025-12 45.4M2026-03 45.6M+2.3% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	408M YoY+13.5%	359M YoY-11.4%	405M YoY+1.5%	399M YoY+11.1%	359M YoY+21.2%
Lease income	1.14M YoY+23.1%	922K YoY+16.4%	792K YoY+0.0%	792K YoY+0.0%	792K YoY+0.0%
	259M YoY+41.0%	184M YoY-10.2%	205M YoY+13.5%	181M YoY+1.3%	178M YoY+35.6%
Cost of revenue	193M YoY+10.4%	175M YoY-12.5%	200M YoY-8.4%	219M YoY+20.6%	181M YoY+9.7%
	178M YoY-4.2%	185M YoY+20.7%	154M YoY+0.1%	153M YoY+25.1%	123M YoY+7.5%
Research & development	78.6M YoY+14.0%	68.9M YoY+1.6%	67.9M YoY+12.0%	60.6M YoY+14.1%	53.1M YoY+4.3%
Selling, general & administrative	99.0M YoY+2.2%	96.9M YoY+13.0%	85.7M YoY-0.6%	86.3M YoY+24.1%	69.5M YoY+10.0%
Amortization of intangibles	30.0K YoY-30.2%	43.0K YoY-34.8%	66.0K YoY-12.0%	75.0K YoY-21.9%	96.0K YoY-9.4%
Provision for credit losses	7.00K	0.00 YoY-100.0%	43.0K YoY+760.0%	5.00K	0.00 YoY-100.0%
Operating income	81.8M YoY+6346.4%	-1.31M YoY-102.6%	51.4M YoY+88.8%	27.2M YoY-51.1%	55.6M YoY+220.1%
Interest & investment income	—	—	—	—	930K YoY+878.9%
Net interest income	12.1M YoY+5.8%	11.5M YoY+39.6%	8.22M YoY+525.8%	1.31M YoY+41.2%	930K YoY+878.9%
Other non-operating income	12.7M YoY+8.0%	11.8M YoY+32.8%	8.89M YoY+499.2%	1.48M YoY+23.7%	1.20M YoY+10.1%
Gain (loss) on equity securities	-179K YoY-261.3%	111K YoY+220.7%	-92.0K YoY-441.2%	-17.0K YoY-113.9%	122K YoY+1642.9%
Pre-tax income	94.6M YoY+801.8%	10.5M YoY-82.6%	60.2M YoY+110.0%	28.7M YoY-49.5%	56.8M YoY+207.7%
Income tax	-24.0M YoY-652.6%	4.35M YoY-34.6%	6.64M YoY+103.7%	3.26M YoY+1752.8%	176K YoY-67.3%
	119M YoY+1834.3%	6.13M YoY-88.6%	53.6M YoY+110.6%	25.4M YoY-55.1%	56.6M YoY+216.2%
Net income to non-controlling interest	40.0K YoY+300.0%	10.0K YoY+100.0%	5.00K YoY+125.0%	-20.0K YoY-600.0%	4.00K YoY-66.7%
	$2.61 YoY+1764.3%	$0.14 YoY-88.2%	$1.19 YoY+108.8%	$0.57 YoY-54.8%	$1.26 YoY+207.3%
EPS (basic)	$2.63 YoY+1778.6%	$0.14 YoY-88.4%	$1.21 YoY+108.6%	$0.58 YoY-55.4%	$1.30 YoY+209.5%
	45.0M YoY+0.3%	44.9M YoY+1.3%	44.3M YoY+0.7%	44.0M YoY+0.8%	43.7M YoY+3.5%
	45.5M YoY+0.6%	45.2M YoY+0.4%	45.0M YoY+0.2%	44.9M YoY-0.2%	45.0M YoY+2.5%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	587M YoY+26.9%	463M YoY+10.2%	420M YoY+15.9%	363M YoY+1.6%	357M YoY+12.6%
Cash & equivalents	403M YoY+45.3%	277M YoY+14.5%	242M YoY+27.1%	191M YoY+4.5%	182M YoY+12.8%
Short-term investments	—	—	—	0.00 YoY-100.0%	45.2M YoY-9.9%
Accounts receivable	60.7M YoY+14.7%	52.9M YoY+0.6%	52.6M YoY-19.6%	65.4M YoY+18.8%	55.1M YoY+34.4%
Inventory	91.3M YoY-13.9%	106M YoY-0.5%	107M YoY+5.1%	101M YoY+50.6%	67.3M YoY+17.6%
Other current assets	32.5M YoY+21.4%	26.8M YoY+41.4%	18.9M YoY+267.4%	5.15M YoY-23.2%	6.71M YoY-0.7%
	786M YoY+22.6%	641M YoY+7.8%	595M YoY+10.8%	537M YoY+12.5%	477M YoY+20.4%
Property, plant & equipment	148M YoY-3.3%	153M YoY-3.2%	158M YoY-5.0%	166M YoY+43.1%	116M YoY+55.0%
Operating lease right-of-use	6.05M YoY-5.0%	6.37M YoY-13.8%	7.39M YoY-9.9%	8.20M YoY+77.4%	4.62M YoY+3.9%
Long-term investments	2.46M YoY-6.8%	2.64M YoY+4.4%	2.53M YoY-3.5%	2.62M YoY-0.6%	2.64M YoY+4.8%
Deferred tax assets	27.5M YoY+10422.2%	261K YoY-11.8%	296K YoY+5.7%	280K YoY+34.6%	208K YoY-8.0%
Other non-current assets	20.9M YoY-7.2%	22.5M YoY+60.5%	14.0M YoY+160.0%	5.39M YoY+231.9%	1.62M YoY-5.7%
	65.3M YoY+5.7%	61.8M YoY+40.0%	44.2M YoY-31.6%	64.5M YoY+31.5%	49.1M YoY+21.2%
Accounts payable	12.3M YoY+40.7%	8.74M YoY-27.8%	12.1M YoY-45.5%	22.2M YoY+4.8%	21.2M YoY+50.1%
Accrued liabilities	3.69M YoY-44.0%	6.59M YoY+29.4%	5.09M YoY-40.9%	8.61M YoY+107.1%	4.16M YoY+58.5%
Deferred revenue	3.43M YoY-35.5%	5.31M YoY+68.3%	3.16M YoY-76.1%	13.2M YoY+66.8%	7.91M YoY+8.3%
Current lease liability	1.57M YoY-8.6%	1.72M YoY-7.9%	1.86M YoY+28.6%	1.45M YoY-6.5%	1.55M YoY-4.8%
	74.0M YoY+4.5%	70.8M YoY+31.7%	53.8M YoY-25.9%	72.6M YoY+36.1%	53.3M YoY+18.2%
Deferred revenue (non-current)	—	0.00 YoY-100.0%	1.02M YoY+603.4%	145K YoY-64.9%	413K YoY-43.7%
Non-current lease liability	5.61M YoY-0.2%	5.62M YoY-11.7%	6.36M YoY-9.2%	7.01M YoY+117.3%	3.23M YoY+8.7%
Operating lease liability (total)	7.42M YoY+1.2%	7.34M YoY-10.8%	8.23M YoY-2.7%	8.46M YoY+77.1%	4.78M YoY+3.9%
	712M YoY+24.8%	570M YoY+5.4%	541M YoY+16.5%	464M YoY+9.6%	424M YoY+20.7%
Additional paid-in capital	462M YoY+13.4%	408M YoY+6.2%	384M YoY+6.5%	360M YoY+4.3%	346M YoY+5.3%
Retained earnings	421M YoY+39.2%	303M YoY+2.1%	297M YoY+22.0%	243M YoY+11.7%	218M YoY+35.2%
Treasury stock	171M YoY+22.6%	139M YoY+0.4%	139M YoY+0.0%	139M YoY+0.0%	139M YoY+0.0%
Accumulated other comprehensive income	-1.67M YoY-11.8%	-1.50M YoY-17.4%	-1.27M YoY-28.8%	-988K YoY+25.6%	-1.33M YoY-551.0%
Non-controlling interest	259K YoY+17.7%	220K YoY-7.2%	237K YoY-4.4%	248K YoY-19.0%	306K YoY-8.7%
Total equity incl. non-controlling	712M YoY+24.8%	570M YoY+5.4%	541M YoY+16.5%	464M YoY+9.5%	424M YoY+20.7%
Total liabilities & equity	786M YoY+22.6%	641M YoY+7.8%	595M YoY+10.8%	537M YoY+12.5%	477M YoY+20.4%
	—	—	—	—	11.8M
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	140M YoY+174.5%	50.8M YoY-31.8%	74.5M YoY+224.9%	22.9M YoY-57.9%	54.4M YoY+56.7%
Depreciation & amortization	20.8M YoY+11.6%	18.6M YoY+8.0%	17.2M YoY+25.1%	13.8M YoY+17.7%	11.7M YoY+5.9%
Intangible amortization	30.0K YoY-30.2%	43.0K YoY-34.8%	66.0K YoY-12.0%	75.0K YoY-21.9%	96.0K YoY-9.4%
Deferred income taxes	-27.2M YoY-453366.7%	6.00K YoY+117.6%	-34.0K YoY+64.9%	-97.0K YoY-638.9%	18.0K YoY+185.7%
Change in receivables	7.76M YoY+1507.5%	483K YoY+103.8%	-12.6M YoY-219.4%	10.6M YoY-26.0%	14.3M YoY+407.8%
Change in inventory	-14.7M YoY-3119.3%	-457K YoY-108.7%	5.24M YoY-84.7%	34.2M YoY+237.5%	10.1M YoY+25.9%
	-20.3M YoY+13.9%	-23.6M YoY+29.4%	-33.5M YoY-76.4%	-19.0M YoY+56.6%	-43.7M YoY+44.6%
Capital expenditure	20.3M YoY-13.9%	23.6M YoY-29.4%	33.5M YoY-47.7%	64.0M YoY+33.9%	47.8M YoY+66.7%
Free cash flow	119M YoY+337.7%	27.2M YoY-33.7%	41.1M YoY+200.1%	-41.0M YoY-713.9%	6.68M YoY+9.8%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Sales/maturities of investments	—	0.00	0.00 YoY-100.0%	45.0M YoY-40.0%	75.0M
	6.32M YoY-20.9%	7.99M YoY-24.6%	10.6M YoY+138.8%	4.44M YoY-56.0%	10.1M YoY-91.7%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	35.2M YoY+6977.5%	497K	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	—	—	—	—	-197K YoY-280.7%
Net change in cash	126M YoY+258.1%	35.1M YoY-32.1%	51.6M YoY+529.9%	8.19M YoY-60.4%	20.7M YoY-73.2%
Income taxes paid	4.86M YoY+13.0%	4.30M YoY+3.6%	4.15M YoY+428.7%	-1.26M YoY-95.8%	-645K YoY-716.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	5.00B YoY+123.9%	2.23B YoY+9.9%	2.03B YoY-15.9%	2.41B YoY+61.6%	1.49B YoY-63.8%
P/E	42.1× YoY-88.4%	364.1× YoY+850.1%	38.3× YoY-58.3%	91.9× YoY+248.5%	26.4× YoY-88.6%
P/S	12.3× YoY+97.1%	6.2× YoY+27.9%	4.9× YoY-22.7%	6.3× YoY+51.3%	4.2× YoY-70.2%
P/B	7.0× YoY+79.3%	3.9× YoY+1.9%	3.8× YoY-27.9%	5.3× YoY+51.3%	3.5× YoY-70.1%
P/FCF	41.9× YoY-48.9%	81.9× YoY-39.7%	135.9×	—	223.4× YoY-67.1%
	2.4% YoY+764.1%	0.27% YoY-89.5%	2.6% YoY+139.8%	1.1% YoY-71.3%	3.8% YoY+774.4%
	2.4% YoY+95.5%	1.2% YoY+65.8%	0.74%	—	0.45% YoY+203.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: VICR'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 VICR filings on SEC EDGAR → Not investment advice.