For the quarter ending 2026-03-31, SMCI had -$2,853,759K decrease in cash & cash equivalents over the period. -$6,695,704K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 483,387 | 400,564 | 168,285 | 195,154 |
| Depreciation and amortization | 13,605 | 13,013 | 12,341 | 18,636 |
| Amortization of right-of-use (rou) assets | 9,327 | 9,404 | 8,266 | - |
| Amortization of debt discount and issuance costs | 7,656 | 4,763 | 4,743 | 10,268 |
| Inventory valuation adjustment write-down | 70,155 | 132,901 | 36,199 | - |
| Stock-based compensation expense | 125,934 | 90,485 | 89,139 | 83,612 |
| Impairment loss | 0 | 1,747 | 12,000 | - |
| Share of loss (income) from equity investee | -695 | -492 | -106 | -8,264 |
| Unrealized foreign currency exchange (gain) loss | 4,587 | -1,176 | 1,017 | -16,090 |
| Loss on extinguishment of convertible notes | 0 | - | - | 0 |
| Deferred income taxes, net | 20,955 | -39,674 | -12,201 | -80,237 |
| Other non-cash income, net | -403 | 1,166 | 7,539 | 8,654 |
| Accounts receivable, net (including changes in related party balances of (240) and 5,878 during the nine months ended march 31, 2026 and 2025, respectively) | -2,582,997 | 8,471,584 | 321,244 | -438,559 |
| Inventories | 580,741 | 5,001,809 | 1,087,010 | 813,503 |
| Prepaid expenses and other assets (including changes in related party balances of (15,028) and (2,782) during the nine months ended march 31, 2026 and 2025, respectively) | 322,883 | 192,942 | -134,087 | -55,249 |
| Accounts payable (including changes in related party balances of 4,300 and (49,991) during the nine months ended march 31, 2026 and 2025, respectively) | -10,059,838 | 12,465,867 | 901 | 630,722 |
| Accrued liabilities (including changes in related party balances of 286 and 571 during the nine months ended march 31, 2026 and 2025, respectively) | 272,577 | 219,689 | -259,350 | 219,690 |
| Income taxes payable | -79,617 | 63,063 | 4,978 | 26,678 |
| Deferred revenue | 832,889 | 274,751 | 296,622 | 65,585 |
| Other long-term liabilities (including changes in related party balances of (114) and 729 during the nine months ended march 31, 2026 and 2025, respectively) | 11,660 | 5,362 | 3,171 | -2,500 |
| Net cash (used in) provided by operating activities | -6,615,426 | -23,898 | -917,523 | 863,613 |
| Purchases of property, plant, and equipment (including payments to related parties of 9,366 and 10,508 during the nine months ended march 31, 2026 and 2025, respectively) | 80,278 | 21,221 | 32,270 | 22,678 |
| Investment in equity securities | 17,000 | 25,000 | - | 56,000 |
| Acquisition, net of cash acquired | - | - | - | 0 |
| Net cash used in investing activities | -97,278 | -46,221 | -32,270 | -78,678 |
| Proceeds from lines of credit and term loans | 3,996,465 | 210,212 | 28,588 | 81,214 |
| Repayment of lines of credit and term loans | 101,677 | 111,851 | 11,540 | 194,591 |
| Payment of debt issuance costs | 13,698 | 9,785 | - | - |
| Proceeds from exercise of stock options | 5,422 | 5,003 | 7,922 | 14,029 |
| Payment for withholding taxes related to settlement of equity awards | 31,325 | 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 | 0 | - | - | 31,217 |
| Proceeds from issuance of convertible notes, net of issuance costs-Convertible Senior Notes Due2029 | - | - | - | 0 |
| Proceeds from issuance of 2028 convertible notes, net of issuance costs of 16,304 | 0 | - | - | 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 |
| Proceeds related to receivables purchase agreement, net | 4,191 | - | - | - |
| Other | -40 | 7 | 7 | 11 |
| Net cash provided by financing activities | 3,859,338 | 66,162 | -18,665 | 1,849,427 |
| Effect of exchange rate fluctuations on cash | -393 | -1,573 | -4,588 | 847 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -2,853,759 | -5,530 | -973,046 | 2,635,209 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 4,193,725 | 4,199,255 | 5,172,301 | 2,537,092 |
| Cash, cash equivalents and restricted cash at the end of the period | 1,339,966 | 4,193,725 | 4,199,255 | 5,172,301 |
Super Micro Computer, Inc. (SMCI)
Super Micro Computer, Inc. (SMCI)