smci: the income statement

MyFinsight

For the quarter ending 2025-09-30, SMCI made $5,017,790K in revenue. $168,285K in net income. Net profit margin of 3.35%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-03-31	2024-12-31	2024-09-30
Net sales (including related party sales of 8,951 and 14,875 in the three months ended september 30, 2025 and 2024, respectively)	5,017,790	4,599,913	5,677,962	5,937,256
Cost of sales (including related party purchases of 155,328 and 240,051 in the three months ended september 30, 2025 and 2024, respectively)	4,550,417	4,159,695	5,007,940	5,161,676
Gross profit	467,373	440,218	670,022	775,580
Research and development	173,314	162,857	158,229	132,243
Sales and marketing	47,928	59,978	79,568	68,854
General and administrative	63,875	70,603	63,601	65,284
Total operating expenses	285,117	293,438	301,398	266,381
Income from operations	182,256	146,780	368,624	509,199
Other income, net	51,227	-18,313	12,959	7,233
Interest expense	24,931	13,402	6,535	17,354
Income before income tax provision	208,552	115,065	375,048	499,078
Income tax provision	40,161	5,843	56,969	74,732
Share of loss from equity investee, net of taxes	-106	-445	2,517	-19
Net income	168,285	108,777	320,596	424,327

Basic (in dollars per share)	0.28	0.18	0.54	0.72
Basic (in shares)	595,624,000	595,041,000	592,507,000	589,558,000
Diluted (in dollars per share)	0.26	0.17	0.51	0.67
Diluted (in shares)	663,235,000	621,809,000	636,047,000	639,148,000