Wolfspeed Inc. (WOLF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4600 SILICON DR DURHAM, NC 27703 |
| State of Incorp. | NC |
| Fiscal Year End | June 30 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 | 12/31/2024 MRQ | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 1,404,800 | 2,174,600 | 2,954,900 | 1,198,800 | 1,154,600 | 1,251,700 | |||
| Cash and cash equivalent | 614,000 | 1,045,900 | 1,757,000 | 449,500 | 379,000 | 448,800 | |||
| Short-term investments | 790,800 | 1,128,700 | 749,300 | 775,600 | 802,900 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | 1,197,900 | ||||||||
| Receivables | 154,200 | 147,900 | 155,600 | 151,500 | 102,300 | 120,600 | |||
| Inventory, net of allowances, customer advances and progress billings | 477,100 | 440,700 | 327,500 | 227,000 | 166,600 | 179,100 | |||
| Inventory | 477,100 | 440,700 | 327,500 | 227,000 | 166,600 | 179,100 | |||
| Prepaid expense | 67,900 | 56,600 | 36,800 | 32,100 | 25,700 | 26,300 | |||
| Asset, held-for-sale, not part of disposal group | 1,600 | 1,600 | 1,300 | ||||||
| Other current assets | 123,100 | 179,800 | 131,700 | 151,400 | 27,900 | 13,800 | |||
| Other undisclosed current assets | |||||||||
| Total current assets: | 2,227,100 | 2,999,600 | 3,606,500 | 1,762,400 | 1,478,700 | 1,592,800 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 8,700 | 9,100 | 9,600 | 10,300 | 15,500 | ||||
| Operating lease, right-of-use asset | 122,200 | 104,600 | 48,500 | 12,100 | |||||
| Nontrade receivables | 2,900 | 11,800 | |||||||
| Property, plant and equipment | 831,100 | ||||||||
| Long-term investments and receivables | 95,000 | 79,300 | 55,900 | ||||||
| Long-term investments | 95,000 | 79,300 | 55,900 | ||||||
| Intangible assets, net (including goodwill) | 382,800 | 383,100 | 475,100 | 484,600 | 499,700 | 709,600 | |||
| Goodwill | 359,200 | 359,200 | 359,200 | 359,200 | 359,200 | 530,000 | |||
| Intangible assets, net (excluding goodwill) | 23,600 | 23,900 | 115,900 | 125,400 | 140,500 | 179,600 | |||
| Disposal group, including discontinued operation, noncurrent assets | 1,200 | ||||||||
| Deferred income tax assets | 1,100 | 1,100 | 1,200 | 1,000 | 1,000 | 6,300 | |||
| Other noncurrent assets | 264,900 | 866,900 | 309,900 | 83,700 | 35,500 | 35,300 | |||
| Accounts receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | 2,300 | 2,600 | ✕ | ✕ | |||
| Other undisclosed noncurrent assets | 4,639,600 | 3,643,200 | 2,077,200 | 1,524,100 | 1,391,300 | ||||
| Total noncurrent assets: | 5,514,300 | 4,985,000 | 2,980,200 | 2,155,100 | 1,968,100 | 1,638,200 | |||
| TOTAL ASSETS: | 7,741,400 | 7,984,600 | 6,586,700 | 3,917,500 | 3,446,800 | 3,231,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 456,100 | 523,600 | 536,900 | 307,700 | 381,100 | 220,800 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 11,600 | 400 | 3,200 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 80,600 | 69,500 | 47,400 | ||
| Accounts payable | 54,200 | 53,000 | 44,900 | 57,800 | 44,200 | 106,900 | |||
| Accrued liabilities | 148,700 | 105,600 | 97,300 | 30,700 | 265,700 | 60,500 | |||
| Other undisclosed accounts payable and accrued liabilities | 253,200 | 365,000 | 394,700 | 127,000 | 1,300 | 2,800 | |||
| Deferred revenue | 42,100 | 62,300 | 43,000 | 37,000 | 22,900 | 38,300 | |||
| Debt | 500 | 500 | 500 | 500 | 5,200 | 3,600 | |||
| Disposal group, including discontinued operation | 600 | ||||||||
| Other liabilities | 207,600 | 77,900 | 37,900 | 31,700 | 38,600 | 25,300 | |||
| Other undisclosed current liabilities | 1,000 | 1,000 | 9,600 | 11,600 | 400 | 3,200 | |||
| Total current liabilities: | 707,300 | 665,300 | 627,900 | 388,500 | 448,800 | 291,200 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,432,500 | 6,170,000 | 4,184,300 | 1,031,200 | 833,900 | 795,200 | |||
| Long-term debt, excluding current maturities | 6,423,800 | 6,161,100 | 4,175,100 | 1,021,600 | 823,900 | 783,800 | |||
| Finance lease, liability | 8,700 | 8,900 | 9,200 | 9,600 | 10,000 | 11,400 | |||
| Liabilities, other than long-term debt | 229,000 | 267,200 | 152,600 | 58,500 | 47,600 | 55,400 | |||
| Deferred income tax liabilities | 10,800 | 10,800 | 3,900 | 3,200 | 2,500 | 1,800 | |||
| Disposal group, including discontinued operation, liabilities | 600 | ||||||||
| Other liabilities | 218,200 | 256,400 | 148,700 | 55,300 | 44,500 | 53,600 | |||
| Total noncurrent liabilities: | 6,661,500 | 6,437,200 | 4,336,900 | 1,089,700 | 881,500 | 850,600 | |||
| Total liabilities: | 7,368,800 | 7,102,500 | 4,964,800 | 1,478,200 | 1,330,300 | 1,141,800 | |||
| Equity | |||||||||
| Equity, attributable to parent | 372,600 | 882,100 | 1,621,900 | 2,439,300 | 2,116,500 | 2,083,100 | |||
| Common stock | 200 | 200 | 200 | 200 | 100 | 100 | |||
| Additional paid in capital | 3,960,900 | 3,821,900 | 3,711,000 | 4,228,400 | 3,676,800 | 3,106,200 | |||
| Accumulated other comprehensive income (loss) | (5,700) | (11,600) | (25,100) | (25,300) | 2,700 | 16,000 | |||
| Accumulated deficit | (3,582,800) | (2,928,400) | (2,064,200) | (1,764,000) | (1,563,100) | (1,039,200) | |||
| Equity, attributable to noncontrolling interest | 6,100 | ||||||||
| Total equity: | 372,600 | 882,100 | 1,621,900 | 2,439,300 | 2,116,500 | 2,089,200 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,741,400 | 7,984,600 | 6,586,700 | 3,917,500 | 3,446,800 | 3,231,000 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 | 12/31/2024 TTM | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 776,600 | 807,200 | 921,900 | 746,200 | 525,600 | 903,900 | ||
| Cost of revenue (Cost of Product and Service Sold) | (825,100) | (729,800) | (642,400) | (496,900) | (361,000) | (655,600) | ||
| Gross profit: | (48,500) | 77,400 | 279,500 | 249,300 | 164,600 | 248,300 | ||
| Operating expenses | (439,900) | (449,500) | (462,700) | (399,600) | (361,000) | (395,600) | ||
| Other operating expense, net | (112,700) | (18,300) | (26,300) | (83,900) | (29,100) | (46,200) | ||
| Other undisclosed operating loss | (204,300) | (54,900) | (171,100) | (13,600) | (88,400) | (15,900) | ||
| Operating loss: | (805,400) | (445,300) | (380,600) | (247,800) | (313,900) | (209,400) | ||
| Nonoperating income (expense) | (171,900) | (127,200) | 52,100 | (38,300) | (26,300) | 19,000 | ||
| Investment income, nonoperating | 95,400 | 135,000 | 58,200 | 11,800 | 10,100 | 16,400 | ||
| Interest and debt expense | (265,300) | (300) | (42,600) | (24,800) | (45,400) | 11,000 | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 24,800 | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (1,242,600) | (572,800) | (371,100) | (286,100) | (385,600) | (179,400) | ||
| Income from equity method investments | 8,300 | 14,200 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 391,300 | 300 | 42,600 | 37,100 | (25,200) | |||
| Loss from continuing operations before income taxes: | (851,300) | (572,500) | (328,500) | (286,100) | (340,200) | (190,400) | ||
| Income tax expense (benefit) | (900) | (1,100) | (1,400) | (9,000) | (1,100) | (200) | ||
| Other undisclosed loss from continuing operations | (1,100) | |||||||
| Loss from continuing operations: | (852,200) | (573,600) | (329,900) | (295,100) | (341,300) | (191,700) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (200,900) | (522,500) | (191,700) | |
| Income (loss) from discontinued operations | (290,600) | 94,200 | (181,200) | |||||
| Other undisclosed net income | 1,100 | |||||||
| Net loss: | (852,200) | (864,200) | (329,900) | (200,900) | (522,500) | (190,600) | ||
| Net loss attributable to noncontrolling interest | (1,400) | (1,100) | ||||||
| Other undisclosed net loss attributable to parent | (126,000) | |||||||
| Net loss available to common stockholders, diluted: | (978,200) | (864,200) | (329,900) | (200,900) | (523,900) | (191,700) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 | 12/31/2024 TTM | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (852,200) | (864,200) | (329,900) | (200,900) | (522,500) | (190,600) | ||
| Other undisclosed comprehensive income (loss) | 19,400 | 13,500 | 200 | (28,000) | (13,300) | 6,500 | ||
| Comprehensive loss: | (832,800) | (850,700) | (329,700) | (228,900) | (535,800) | (184,100) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1,400) | (1,100) | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (138,900) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (971,700) | (850,700) | (329,700) | (228,900) | (537,200) | (185,200) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.