NYSE : WOLF
Wolfspeed, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 22.85 USD (Oct 30, 2026, 9:53 AM EDT) · Market cap 1.21B
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Financial statements
Wolfspeed, Inc. (WOLF) reported revenue of 665.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 665.10M | 665.10M | 757.60M | 807.20M | 758.50M | 572.10M |
| Cost of Revenue | 852.90M | 852.90M | 782.10M | 729.80M | 515.60M | 364.00M |
| Gross Profit | -187.80M | -187.80M | -24.50M | 77.40M | 242.90M | 208.10M |
| Selling, General & Admin | 141.60M | 141.60M | 190.50M | 246.40M | 214.30M | 190.10M |
| Research & Development | 111.70M | 111.70M | 175.10M | 201.90M | 165.70M | 135.50M |
| Amortization of Goodwill & Intangibles | 2.20M | |||||
| Other Operating Expenses | 14.80M | 14.80M | 2.50M | -17.20M | 9.10M | |
| Operating Expenses | 268.10M | 268.10M | 368.10M | 431.10M | 389.10M | 327.80M |
| Operating Income | -455.90M | -455.90M | -392.60M | -353.70M | -146.20M | -119.70M |
| Interest Expense | -150.60M | -150.60M | -315.20M | -246.30M | -42.60M | -25.10M |
| Interest & Investment Income | 39.20M | 39.20M | 67.60M | 135.00M | 58.20M | 11.30M |
| Other Non Operating Income (Expenses) | 85.50M | 85.50M | -800.00K | -1.40M | -300.00K | 600.00K |
| EBT Excluding Unusual Items | -481.80M | -481.80M | -641.00M | -466.40M | -130.90M | -132.90M |
| Merger & Restructuring Charges | 500.50M | 500.50M | -317.20M | -72.10M | -160.20M | -77.30M |
| Impairment of Goodwill | -359.20M | |||||
| Gain (Loss) on Sale of Investments | -10.90M | -10.90M | 22.60M | 18.50M | ||
| Gain (Loss) on Sale of Assets | 36.50M | 36.50M | 20.00M | 2.10M | ||
| Asset Writedown | -2.70M | -2.70M | -176.50M | -1.20M | -2.00M | -1.80M |
| Legal Settlements | -17.00M | -7.70M | 50.30M | |||
| Other Unusual Items | -32.30M | -32.30M | -150.60M | -43.60M | -17.00M | -32.00M |
| Pretax Income | 9.30M | 9.30M | -1.62B | -572.50M | -259.80M | -241.90M |
| Income Tax Expense | 4.90M | 4.90M | -9.70M | 1.10M | 700.00K | 8.20M |
| Earnings From Continuing Operations | 4.40M | 4.40M | -1.61B | -573.60M | -260.50M | -250.10M |
| Earnings From Discontinued Operations | -290.60M | -69.40M | 49.20M | |||
| Net Income to Company | 4.40M | 4.40M | -1.61B | -864.20M | -329.90M | -200.90M |
| Net Income | 4.40M | 4.40M | -1.61B | -864.20M | -329.90M | -200.90M |
| Net Income to Common | 4.40M | 4.40M | -1.61B | -864.20M | -329.90M | -200.90M |
| Shares Outstanding (Basic) | 29.54M | 29.54M | 1.18M | 1.05M | 1.04M | 1.00M |
| Shares Outstanding (Diluted) | 29.61M | 29.61M | 1.18M | 1.05M | 1.04M | 1.00M |
| EPS (Basic) | 0.15 | 0.15 | -1,363.38 | -823.21 | -317.59 | -200.25 |
| EPS (Diluted) | 0.15 | 0.15 | -1,363.75 | -823.21 | -317.59 | -200.25 |
| Free Cash Flow | -380.10M | -380.10M | -1.98B | -3.00B | -1.09B | -791.00M |
| Free Cash Flow Per Share | -12.84 | -12.84 | -1,680.16 | -2,857.34 | -1,051.43 | -788.44 |
| Gross Margin | -28.24% | -28.24% | -3.23% | 9.59% | 32.02% | 36.38% |
| Operating Margin | -68.55% | -68.55% | -51.82% | -43.82% | -19.28% | -20.92% |
| Profit Margin | 0.66% | 0.66% | -212.41% | -107.06% | -43.49% | -35.12% |
| Free Cash Flow Margin | -57.15% | -57.15% | -261.76% | -371.61% | -144.00% | -138.26% |
| EBITDA | -323.50M | -323.50M | -185.50M | -172.70M | -2.30M | -10.40M |
| EBITDA Margin | -48.64% | -48.64% | -24.48% | -21.39% | -0.30% | -1.82% |
| D&A For EBITDA | 132.40M | 132.40M | 207.10M | 181.00M | 143.90M | 109.30M |
| EBIT | -455.90M | -455.90M | -392.60M | -353.70M | -146.20M | -119.70M |
| EBIT Margin | -68.55% | -68.55% | -51.82% | -43.82% | -19.28% | -20.92% |
| Effective Tax Rate | 52.69% | 52.69% | ||||
| Advertising Expenses | 6.20M | 6.20M | 11.60M | 13.80M | 11.50M | 7.10M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 576.30M | 576.30M | 467.20M | 1.05B | 1.76B | 449.50M |
| Short-Term Investments | 512.30M | 512.30M | 590.20M | 1.13B | 1.20B | 749.30M |
| Cash & Short-Term Investments | 1.09B | 1.09B | 1.06B | 2.17B | 2.95B | 1.20B |
| Accounts Receivable | 98.20M | 98.20M | 178.80M | 147.40M | 154.80M | 150.20M |
| Other Receivables | 90.40M | 90.40M | 706.30M | 141.90M | 110.50M | 144.80M |
| Receivables | 188.60M | 188.60M | 885.10M | 289.30M | 265.30M | 295.00M |
| Inventory | 234.20M | 234.20M | 451.20M | 461.20M | 288.80M | 230.90M |
| Prepaid Expenses | 38.80M | 38.80M | 97.20M | 56.60M | 36.80M | 32.10M |
| Other Current Assets | 39.20M | 39.20M | 51.30M | 17.90M | 60.70M | 5.60M |
| Total Current Assets | 1.59B | 1.59B | 2.54B | 3.00B | 3.61B | 1.76B |
| Property, Plant & Equipment | 788.20M | 788.20M | 4.04B | 3.75B | 2.26B | 1.53B |
| Long-Term Investments | 79.30M | |||||
| Goodwill | 359.20M | 359.20M | 359.20M | |||
| Other Intangible Assets | 392.20M | 392.20M | 23.80M | 23.90M | 23.90M | 125.40M |
| Long-Term Deferred Tax Assets | 1.10M | 1.20M | 1.00M | |||
| Other Long-Term Assets | 235.10M | 235.10M | 248.80M | 770.00M | 332.40M | 139.90M |
| Total Assets | 3.00B | 3.00B | 6.85B | 7.98B | 6.59B | 3.92B |
| Accounts Payable | 17.40M | 17.40M | 30.60M | 53.00M | 44.90M | 57.80M |
| Accrued Expenses | 97.00M | 97.00M | 215.60M | 111.90M | 161.20M | 117.80M |
| Current Portion of Long-Term Debt | 6.54B | |||||
| Current Portion of Leases | 7.60M | 7.60M | 10.40M | 7.40M | 6.90M | 5.10M |
| Current Income Taxes Payable | 700.00K | 700.00K | 800.00K | 1.00M | 9.60M | 11.60M |
| Current Unearned Revenue | 61.10M | 61.10M | 50.00M | 62.30M | 39.00M | 37.00M |
| Other Current Liabilities | 47.80M | 47.80M | 244.60M | 429.70M | 366.30M | 159.20M |
| Total Current Liabilities | 231.60M | 231.60M | 7.09B | 665.30M | 627.90M | 388.50M |
| Long-Term Debt | 1.69B | 1.69B | 6.16B | 4.18B | 1.02B | |
| Long-Term Leases | 101.10M | 101.10M | 147.90M | 122.90M | 121.20M | 53.20M |
| Long-Term Unearned Revenue | 4.30M | 4.30M | 15.60M | 25.70M | 30.80M | 10.80M |
| Long-Term Deferred Tax Liabilities | 10.80M | 3.90M | 3.20M | |||
| Other Long-Term Liabilities | 50.20M | 50.20M | 48.00M | 116.70M | 5.90M | 900.00K |
| Total Liabilities | 2.07B | 2.07B | 7.30B | 7.10B | 4.96B | 1.48B |
| Common Stock | 100.00K | 100.00K | 200.00K | 200.00K | 200.00K | 200.00K |
| Additional Paid-In Capital | 1.35B | 1.35B | 4.09B | 3.82B | 3.71B | 4.23B |
| Retained Earnings | -415.80M | -415.80M | -4.54B | -2.93B | -2.06B | -1.76B |
| Comprehensive Income & Other | -3.80M | -11.60M | -25.10M | -25.30M | ||
| Total Common Equity | 930.20M | 930.20M | -447.10M | 882.10M | 1.62B | 2.44B |
| Shareholders' Equity | 930.20M | 930.20M | -447.10M | 882.10M | 1.62B | 2.44B |
| Total Liabilities & Equity | 3.00B | 3.00B | 6.85B | 7.98B | 6.59B | 3.92B |
| Total Debt | 1.80B | 1.80B | 6.70B | 6.29B | 4.30B | 1.08B |
| Net Cash (Debt) | -707.60M | -707.60M | -5.64B | -4.12B | -1.35B | 118.90M |
| Net Cash Per Share | -23.90 | -23.90 | -4,777.49 | -3,921.55 | -1,297.97 | 118.52 |
| Filing Date Shares Outstanding | 53.00M | 53.00M | 1.31M | 1.06M | 1.05M | 1.04M |
| Total Common Shares Outstanding | 52.16M | 52.16M | 1.30M | 1.06M | 1.04M | 1.03M |
| Working Capital | 1.36B | 1.36B | -4.55B | 2.33B | 2.98B | 1.37B |
| Book Value Per Share | 17.83 | 17.83 | -343.94 | 835.51 | 1,556.11 | 2,359.24 |
| Tangible Book Value | 538.00M | 538.00M | -470.90M | 499.00M | 1.24B | 1.95B |
| Tangible Book Value Per Share | 10.31 | 10.31 | -362.25 | 472.64 | 1,188.55 | 1,890.54 |
| Land | 457.30M | 457.30M | 1.08B | 997.30M | 966.40M | 407.40M |
| Machinery | 110.80M | 110.80M | 1.70B | 1.58B | 1.36B | 1.24B |
| Construction In Progress | 146.20M | 146.20M | 2.27B | 2.09B | 873.10M | 802.30M |
| Leasehold Improvements | 10.30M | 10.30M | 139.10M | 148.90M | 11.60M | 11.00M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 4.40M | 4.40M | -1.61B | -864.20M | -329.90M | -200.90M |
| Depreciation & Amortization | 132.40M | 132.40M | 207.10M | 181.00M | 143.90M | 109.30M |
| Other Amortization | 47.70M | 47.70M | 103.60M | 28.40M | 9.20M | 22.30M |
| Loss (Gain) From Sale of Assets | -7.80M | -7.80M | 151.70M | 1.20M | 1.80M | 1.00M |
| Asset Writedown & Restructuring Costs | -620.00M | -620.00M | 409.00M | 2.00M | ||
| Loss (Gain) From Sale of Investments | -3.60M | -3.60M | -9.10M | -27.50M | -4.70M | 5.80M |
| Loss (Gain) on Equity Investments | 10.90M | 10.90M | -22.60M | -18.50M | ||
| Stock-Based Compensation | 40.70M | 40.70M | 73.30M | 84.90M | 72.70M | 53.70M |
| Other Operating Activities | -27.50M | -27.50M | 79.70M | 304.70M | 69.90M | -23.70M |
| Change in Accounts Receivable | 80.60M | 80.60M | -31.40M | 7.40M | -4.60M | -54.30M |
| Change in Inventory | 119.50M | 119.50M | -5.50M | -166.20M | -93.10M | -59.20M |
| Change in Accounts Payable | -21.80M | -21.80M | -48.70M | -45.80M | 27.00M | 30.30M |
| Change in Unearned Revenue | -200.00K | -200.00K | -22.50M | 18.20M | 25.10M | 1.60M |
| Change in Other Net Operating Assets | 41.50M | 41.50M | 12.90M | -174.90M | -21.50M | -10.70M |
| Operating Cash Flow | -203.20M | -203.20M | -711.70M | -725.60M | -142.60M | -154.20M |
| Capital Expenditures | -176.90M | -176.90M | -1.27B | -2.27B | -949.60M | -636.80M |
| Sale of Property, Plant & Equipment | 43.30M | 43.30M | 85.90M | 400.00K | 1.70M | 3.10M |
| Divestitures | 75.60M | 101.80M | 125.00M | |||
| Sale (Purchase) of Intangibles | -5.00M | -5.00M | -5.30M | -5.90M | -4.90M | -4.80M |
| Investment in Securities | -19.80M | -19.80M | 682.30M | 85.20M | -443.70M | -7.50M |
| Other Investing Activities | 826.00M | 826.00M | 240.40M | 175.40M | 147.70M | 130.00M |
| Investing Cash Flow | 667.60M | 667.60M | -268.10M | -1.94B | -1.15B | -391.00M |
| Long-Term Debt Issued | 654.00M | 654.00M | 240.00M | 2.00B | 2.95B | 770.00M |
| Long-Term Debt Repaid | -1.06B | -1.06B | -500.00K | -400.00K | -500.00K | -20.50M |
| Net Debt Issued (Repaid) | -409.50M | -409.50M | 239.50M | 2.00B | 2.95B | 749.50M |
| Issuance of Common Stock | 96.90M | 96.90M | 203.90M | 23.40M | 23.80M | 22.40M |
| Repurchase of Common Stock | -1.80M | -1.80M | -3.90M | -18.00M | -19.20M | -29.10M |
| Other Financing Activities | -41.10M | -41.10M | -39.40M | -47.00M | -357.00M | -126.90M |
| Financing Cash Flow | -355.50M | -355.50M | 400.10M | 1.96B | 2.60B | 615.90M |
| Foreign Exchange Rate Adjustments | 200.00K | 200.00K | 1.00M | -200.00K | -200.00K | |
| Net Cash Flow | 109.10M | 109.10M | -578.70M | -711.10M | 1.31B | 70.50M |
| Free Cash Flow | -380.10M | -380.10M | -1.98B | -3.00B | -1.09B | -791.00M |
| Free Cash Flow Margin | -57.15% | -57.15% | -261.76% | -371.61% | -144.00% | -138.26% |
| Free Cash Flow Per Share | -12.84 | -12.84 | -1,680.16 | -2,857.34 | -1,051.43 | -788.44 |
| Levered Free Cash Flow | 326.24M | 326.24M | -2.11B | -2.50B | -697.10M | -842.00M |
| Unlevered Free Cash Flow | 403.96M | 403.96M | -2.02B | -2.37B | -677.98M | -846.41M |
| Cash Interest Paid | 151.80M | 151.80M | 130.30M | 213.50M | 28.70M | 3.20M |
| Cash Income Tax Paid | 1.20M | 1.20M | 800.00K | 9.80M | 2.90M | -4.40M |
| Change in Working Capital | 219.60M | 219.60M | -95.20M | -361.30M | -67.10M | -92.30M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.16B | 2.39B | ||||
| Enterprise Value | 1.87B | 3.05B | ||||
| Last Close Price | 21.98 | 45.97 | ||||
| PE Ratio | 147.92 | 542.99 | ||||
| PS Ratio | 1.75 | 3.59 | ||||
| PB Ratio | 1.23 | 2.57 | ||||
| P/TBV Ratio | 2.16 | 4.44 | ||||
| EV/Sales Ratio | 2.81 | 4.59 | ||||
| Debt / Equity Ratio | 1.93 | 1.93 | -14.98 | 7.13 | 2.65 | 0.44 |
| Debt / EBITDA Ratio | 614.74 | |||||
| Net Debt / Equity Ratio | 0.76 | 0.76 | -12.61 | 4.67 | 0.83 | -0.05 |
| Net Debt / EBITDA Ratio | -2.19 | -2.19 | -30.40 | -23.84 | -586.22 | 11.43 |
| Net Debt / FCF Ratio | -1.86 | -1.86 | -2.84 | -1.37 | -1.23 | 0.15 |
| Asset Turnover | 0.14 | 0.14 | 0.10 | 0.11 | 0.14 | 0.15 |
| Inventory Turnover | 2.49 | 2.49 | 1.71 | 1.95 | 1.98 | 1.81 |
| Quick Ratio | 5.51 | 5.51 | 0.27 | 3.70 | 5.13 | 3.85 |
| Current Ratio | 6.86 | 6.86 | 0.36 | 4.51 | 5.74 | 4.54 |
| Return on Equity (ROE) | 1.82% | 1.82% | -739.86% | -45.81% | -12.83% | -10.98% |
| Return on Assets (ROA) | -5.78% | -5.78% | -3.31% | -3.03% | -1.74% | -2.03% |
| Return on Invested Capital (ROIC) | -12.97% | -30.76% | -16.48% | -8.88% | -5.53% | -5.79% |
| Return on Capital Employed (ROCE) | -16.40% | -16.40% | 166.60% | -4.80% | -2.50% | -3.40% |
| Earnings Yield | 0.68% | 0.18% | ||||
| FCF Yield | -32.67% | -15.91% | ||||
| Buyback Yield / Dilution | -2,408.86% | -2,408.86% | -12.43% | -1.06% | -3.54% | -6.92% |