For the quarter ending 2025-12-31, SMCI had -$5,530K decrease in cash & cash equivalents over the period. -$45,119K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Net income | 400,564 | 168,285 | 195,154 | 108,777 |
| Depreciation and amortization | 13,013 | 12,341 | 18,636 | 10,745 |
| Amortization of right-of-use (rou) assets | 9,404 | 8,266 | - | - |
| Amortization of debt discount and issuance costs | 4,763 | 4,743 | 10,268 | - |
| Inventory valuation adjustment write-down | 132,901 | 36,199 | - | - |
| Stock-based compensation expense | 90,485 | 89,139 | 83,612 | 84,704 |
| Impairment loss | 1,747 | 12,000 | - | - |
| Share of loss (income) from equity investee | -492 | -106 | -8,264 | -445 |
| Unrealized foreign currency exchange loss (gain) | -1,176 | 1,017 | -16,090 | -3,042 |
| Loss on extinguishment of convertible notes | - | - | 0 | -30,251 |
| Deferred income taxes, net | -39,674 | -12,201 | -80,237 | -58,323 |
| Other non-cash income, net | 1,166 | 7,539 | 8,654 | -9,702 |
| Accounts receivable, net (including changes in related party balances of (1,571) and 6,026 during the six months ended december 31, 2025 and 2024, respectively) | 8,471,584 | 321,244 | -438,559 | -414,156 |
| Inventories | 5,001,809 | 1,087,010 | 813,503 | 275,748 |
| Prepaid expenses and other assets (including changes in related party balances of 13,016 and (5,411) during the six months ended december 31, 2025 and 2024, respectively) | 192,942 | -134,087 | -55,249 | -114,413 |
| Accounts payable (including changes in related party balances of 20,096 and (55,468) during the six months ended december 31, 2025 and 2024, respectively) | 12,465,867 | 901 | 630,722 | 95,226 |
| Accrued liabilities (including changes in related party balances of 575 and 148 during the six months ended december 31, 2025 and 2024, respectively) | 219,689 | -259,350 | 219,690 | 112,368 |
| Income taxes payable | 63,063 | 4,978 | 26,678 | -91,480 |
| Deferred revenue | 274,751 | 296,622 | 65,585 | 67,145 |
| Other long-term liabilities (including changes in related party balances of 50 and 154 during the six months ended december 31, 2025 and 2024, respectively) | 5,362 | 3,171 | -2,500 | 1,341 |
| Net cash (used in) provided by operating activities | -23,898 | -917,523 | 863,613 | 626,764 |
| Purchases of property, plant, and equipment (including payments to related parties of 5,700 and 6,882 during the six months ended december 31, 2025 and 2024, respectively) | 21,221 | 32,270 | 22,678 | 32,700 |
| Investment in equity securities | 25,000 | - | 56,000 | 0 |
| Acquisition, net of cash acquired | - | - | 0 | - |
| Net cash used in investing activities | -46,221 | -32,270 | -78,678 | -32,700 |
| Proceeds from lines of credit and term loans | 210,212 | 28,588 | 81,214 | - |
| Repayment of lines of credit and term loans | 111,851 | 11,540 | 194,591 | - |
| Payment of debt issuance costs | 9,785 | - | - | - |
| Proceeds from exercise of stock options | 5,003 | 7,922 | 14,029 | - |
| Payment for withholding taxes related to settlement of equity awards | 27,424 | 43,642 | 65,421 | - |
| Stock repurchases | - | - | 200,000 | - |
| Issuances of common stock in public offerings, net of issuance costs of 42,575 | - | - | 0 | - |
| Debt issuance costs in connection with amended 2029 convertibles notes | - | - | 31,217 | - |
| Proceeds from issuance of convertible notes, net of issuance costs-Convertible Senior Notes Due2029 | - | - | 0 | - |
| Proceeds from issuance of convertible notes, net of issuance costs-Convertible Senior Notes Due2028 | - | - | 683,696 | - |
| Proceeds from issuance of convertible notes, net of issuance costs-Convertible Senior Notes Due2030 | - | - | 2,255,973 | - |
| Purchase of capped calls | - | - | 182,215 | - |
| Other | 7 | 7 | 11 | - |
| Net cash provided by (used in) financing activities | 66,162 | -18,665 | 1,849,427 | 512,052 |
| Effect of exchange rate fluctuations on cash | -1,573 | -4,588 | 847 | -11 |
| Net decrease in cash, cash equivalents and restricted cash | -5,530 | -973,046 | 2,635,209 | 1,106,105 |
| Cash and cash equivalents at beginning of period | 4,199,255 | 5,172,301 | 2,537,092 | 1,430,987 |
| Cash and cash equivalents at end of period | 4,193,725 | 4,199,255 | 5,172,301 | 2,537,092 |
Super Micro Computer, Inc. (SMCI)
Super Micro Computer, Inc. (SMCI)