| Cash Flow | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 168,285 | 853,700 | 744,923 | 424,327 |
| Depreciation and amortization | 12,341 | 39,708 | 28,963 | 14,080 |
| Amortization of right-of-use (rou) assets | 8,266 | - | - | - |
| Amortization of debt discount and issuance costs | 4,743 | - | - | - |
| Excess and obsolete inventories write-down | 36,199 | - | - | - |
| Stock-based compensation expense | 89,139 | 230,840 | 146,136 | 64,014 |
| Impairment loss | 12,000 | - | - | - |
| Share of loss from equity investee | -106 | 2,053 | 2,498 | -19 |
| Unrealized foreign currency exchange (gain) loss | 1,017 | -2,742 | 300 | -924 |
| Loss on extinguishment of convertible notes | - | -30,251 | - | - |
| Deferred income taxes, net | -12,201 | -134,401 | -76,078 | -46,552 |
| Other non-cash income, net | 7,539 | -5,577 | 4,125 | 3,346 |
| Accounts receivable, net (including changes in related party balances of (1,671) and (1,797) during the three months ended september 30, 2025 and 2024, respectively) | 321,244 | -94,782 | 319,374 | -15,288 |
| Inventories | 1,087,010 | -457,897 | -733,645 | 597,717 |
| Prepaid expenses and other assets (including changes in related party balances of 12,543 and (3,135) during the three months ended september 30, 2025 and 2024, respectively) | -134,087 | 284,356 | 398,769 | -86,774 |
| Accounts payable (including changes in related party balances of (24,173) and 36,724 during the three months ended september 30, 2025 and 2024, respectively) | 901 | -811,690 | -906,916 | 220,353 |
| Accrued liabilities (including changes in related party balances of 554 and 230 during the three months ended september 30, 2025 and 2024, respectively) | -259,350 | 52,714 | -59,654 | 25,974 |
| Income taxes payable | 4,978 | 5,365 | 96,845 | 61,440 |
| Deferred revenue | 296,622 | 249,421 | 182,276 | 141,806 |
| Other long-term liabilities (including changes in related party balances of (151) and 237 during the three months ended september 30, 2025 and 2024, respectively) | 3,171 | 5,414 | 4,073 | 1,520 |
| Net cash (used in) provided by operating activities | -917,523 | 795,911 | 169,147 | 408,904 |
| Purchases of property, plant, and equipment (including payments to related parties of 3,887 and 3,129 during the three months ended september 30, 2025 and 2024, respectively) | 32,270 | 104,536 | 71,836 | 44,300 |
| Investment in equity securities | - | 0 | 0 | 0 |
| Net cash used in investing activities | -32,270 | -104,536 | -71,836 | -44,300 |
| Proceeds from lines of credit and term loans | 28,588 | - | 1,306,777 | 1,185,034 |
| Repayment of lines of credit and term loans | 11,540 | - | 1,574,059 | 1,106,178 |
| Proceeds from exercise of stock options | 7,922 | - | 6,869 | 6,527 |
| Payment for withholding taxes related to settlement of equity awards | 43,642 | - | 77,036 | 35,537 |
| Issuances of common stock in public offerings, net of issuance costs of 23,752 | - | - | 0 | - |
| Other | 7 | - | 15 | 8 |
| Net cash (used in) provided by financing activities | -18,665 | 174,618 | -337,434 | 49,854 |
| Effect of exchange rate fluctuations on cash | -4,588 | 826 | 837 | 4,500 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -973,046 | 866,819 | -239,286 | 418,958 |
| Cash and cash equivalents at beginning of period | 5,172,301 | 1,670,273 | 1,670,273 | 1,670,273 |
| Cash and cash equivalents at end of period | 4,199,255 | 2,537,092 | 1,430,987 | 2,089,231 |
Super Micro Computer, Inc. (SMCI)
Super Micro Computer, Inc. (SMCI)