Silicon Motion Technology Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Silicon Motion Technology Corporation reported revenue of $885.6M (+10.2% year on year) and net income of $122.6M (+37.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| NET SALES | $885.6M | $803.6M | $639.1M | $945.9M |
| COST OF SALES | $458.1M | $434.8M | $368.8M | $480.1M |
| GROSS PROFIT | $427.5M | $368.8M | $270.4M | $465.8M |
| Research and development | $262.7M | $217.8M | $174.4M | $188.5M |
| Sales and marketing | $34.4M | $27.4M | $26.9M | $31.5M |
| General and administrative | $37.4M | $31.4M | $27.9M | $31.4M |
| Loss from settlement of litigation | $0 | $1.3M | $1.3M | $390.0K |
| Total operating expenses | $334.5M | $277.9M | $230.5M | $251.9M |
| OPERATING INCOME | $93.0M | $90.9M | $39.9M | $213.9M |
| Unrealized holding gain on investment | $18.4M | $543.0K | $8.0M | $896.0K |
| Gain from disposal of long-term investment | $21.1M | $58.0K | — | — |
| Interest income | $9.7M | $14.5M | $12.2M | $2.7M |
| Foreign exchange gain (loss), net | ($2.1M) | $1.4M | $914.0K | ($4.9M) |
| Other income | $18.0K | $0 | $8.0K | $1.0K |
| Total non-operating income (expenses) | $47.1M | $16.5M | $21.2M | ($1.3M) |
| INCOME BEFORE INCOME TAX | $140.1M | $107.4M | $61.0M | $212.6M |
| INCOME TAX EXPENSE | $17.5M | $18.2M | $8.2M | $40.1M |
| NET INCOME | $122.6M | $89.2M | $52.9M | $172.5M |
| Basic | $0.91 | $0.66 | $0.40 | $1.30 |
| Diluted | $0.91 | $0.66 | $0.40 | $1.29 |
| Basic (Thousands) | 134.3M | 134.6M | 133.4M | 133.0M |
| Diluted (Thousands) | 134.7M | 134.9M | 133.9M | 133.6M |
| Basic | $3.65 | $2.65 | $1.59 | $5.19 |
| Diluted | $3.64 | $2.65 | $1.58 | $5.17 |
| Basic (Thousands) | 33.6M | 33.6M | 33.4M | 33.3M |
| Diluted (Thousands) | 33.7M | 33.7M | 33.5M | 33.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $201.8M | $276.1M | $314.3M | $232.2M |
| Accounts receivable, net | $211.5M | $233.7M | $194.7M | $206.1M |
| Inventories | $421.8M | $199.2M | $216.9M | $288.0M |
| Restricted assets-current | $71.3M | $54.6M | $49.7M | $49.5M |
| Prepaid expenses and other current assets | $36.9M | $31.2M | $17.6M | $12.2M |
| Total current assets | $943.4M | $794.9M | $793.2M | $787.9M |
| Long-term investments | $29.7M | $17.3M | $17.1M | $9.3M |
| Property and equipment, net | $219.0M | $188.4M | $167.4M | $139.4M |
| Deferred income tax assets, net | $9.1M | $8.9M | $8.5M | $8.9M |
| Operating lease assets | $13.2M | $14.7M | $14.1M | $8.1M |
| Other assets | $8.5M | $7.2M | $7.6M | $7.6M |
| Total assets | $1.2B | $1.0B | $1.0B | $961.3M |
| Notes and accounts payable | $34.7M | $17.8M | $55.6M | $36.0M |
| Income tax payable | $22.4M | $13.1M | $7.5M | $42.1M |
| Refund liabilities | $6.0M | $6.0M | $3.3M | $6.5M |
| Accrued expenses and other current liabilities | $276.3M | $162.7M | $146.4M | $99.3M |
| Total current liabilities | $339.5M | $199.5M | $212.8M | $183.9M |
| Other long-term liabilities | $52.5M | $59.5M | $60.5M | $44.8M |
| Total liabilities | $392.0M | $259.1M | $273.3M | $228.6M |
| Ordinary Shares at US$0.01 par value per share Authorized: 500,000 thousand shares Issued and outstanding: 134,764 thousand shares in 2024 and 134,245 thousand shares in 2025 | $1342000.00 | $1348000.00 | $1337000.00 | $1322000.00 |
| Additional paid-in capital | $359.9M | $338.0M | $321.1M | $303.6M |
| Accumulated other comprehensive income | $1.3M | $338.0K | $1.2M | $2.6M |
| Retained earnings | $468.1M | $432.6M | $411.2M | $425.1M |
| Total shareholders' equity | $830.7M | $772.3M | $734.7M | $732.6M |
| Total liabilities and shareholders' equity | $1.2B | $1.0B | $1.0B | $961.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $122.6M | $89.2M | $52.9M | $172.5M |
| Depreciation and amortization | $30.2M | $25.3M | $21.8M | $18.9M |
| Loss on modification of lease | $0 | $0 | $230.0K | — |
| Unrealized holding gain on investment | ($18.4M) | ($543.0K) | ($8.0M) | ($896.0K) |
| Stock-based compensation | $26.3M | $17.0M | $17.5M | $26.7M |
| Gain from disposal of long-term investment | ($21.1M) | ($58.0K) | — | — |
| Loss (gain) on disposal of property and equipment | $108.0K | $7.0K | ($215.0K) | $7.0K |
| Deferred income taxes | ($173.0K) | ($422.0K) | $428.0K | ($2.5M) |
| Accounts receivable | $22.2M | ($39.0M) | $11.4M | $2.5M |
| Inventories | ($215.2M) | $4.9M | $72.1M | ($102.8M) |
| Prepaid expenses and other current assets | ($13.1M) | ($1.8M) | ($6.6M) | $3.6M |
| Other assets | ($20.0K) | ($951.0K) | $705.0K | ($974.0K) |
| Notes and accounts payable | $17.0M | ($37.8M) | $19.6M | ($44.7M) |
| Refund liabilities | $44.0K | $2.6M | ($3.1M) | $2.6M |
| Accrued expenses and other current liabilities | $107.9M | $12.8M | ($1.6M) | $676.0K |
| Lease liabilities | $588.0K | ($638.0K) | — | — |
| Income tax payable | $9.3M | $5.6M | ($34.6M) | ($2.1M) |
| Other liabilities | ($6.9M) | $992.0K | $6.5M | $10.3M |
| Net cash provided by operating activities | $61.4M | $77.1M | $149.1M | $83.9M |
| Purchase of long-term investments | $0 | ($4.2M) | $0 | — |
| Proceeds from disposal of long-term investments | $27.6M | $4.4M | — | — |
| Purchase of property and equipment | ($55.1M) | ($44.4M) | ($50.3M) | ($32.9M) |
| Proceeds from disposal of properties | $87.0K | $3.0K | $1.2M | — |
| Net cash used in investing activities | ($27.4M) | ($44.1M) | ($49.1M) | ($32.9M) |
| Dividends paid | ($67.2M) | ($67.3M) | ($16.7M) | ($49.9M) |
| Share repurchase | ($24.3M) | $0 | $0 | ($133.2M) |
| Net cash used in financing activities | ($91.5M) | ($67.3M) | ($16.7M) | ($183.1M) |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ($57.6M) | ($34.2M) | $83.3M | ($132.1M) |
| EFFECT OF EXCHANGE RATE CHANGES | $303.0K | ($408.0K) | ($1.4M) | $3.7M |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR | $334.3M | $369.0M | $287.1M | $415.5M |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF YEAR | $277.1M | $334.3M | $369.0M | $287.1M |
| Income taxes paid | $16.7M | $10.1M | $36.3M | $34.0M |
| Unpaid purchase of property and equipment included in accounts payable and accrued liabilities | $10.8M | $4.7M | $4.3M | $5.0M |
| Dividend declared included in accrued expenses and accrued liabilities | $50.5M | $50.7M | $50.1M | $101.0K |
Silicon Motion Technology Corporation score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.