3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $7.4B | -$1.6B | 30.1% | -18.7% | -$120M | $1.8B | $1.5B |
| 2024 | $6.7B | -$672M | 16.1% | -7.0% | -$475M | $0 | $328M |
| 2023 | $6.1B | -$2.1B | 7.1% | -33.4% | -$932M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Apr '26 | $6.0B | $3.6B | 78.4% | 69.1% | $3.0B | $0 | $3.7B |
| Jan '26 | $3.0B | $803M | 50.9% | 35.2% | $980M | $603M | $1.5B |
| Oct '25 | $2.3B | $112M | 29.8% | 7.6% | $438M | $1.4B | $1.4B |
| Jun '25 | $1.9B | -$23M | 26.2% | 0.9% | $49M | $1.8B | $1.5B |
| Mar '25 | $1.7B | -$1.9B | 22.5% | -111.0% | -$18M | $1.9B | $1.5B |
| Dec '24 | $1.9B | $104M | 32.3% | 10.4% | $47M | — | $804M |
| Sep '24 | $1.9B | $211M | 38.6% | 15.5% | -$198M | — | — |
| Jun '24 | $1.8B | $120M | 36.1% | 11.3% | -$168M | $0 | $328M |
| Mar '24 | $1.7B | $27M | 27.2% | 3.8% | -$41M | — | — |
| Dec '23 | $1.7B | -$301M | 9.7% | -14.7% | — | — | — |
| Sep '23 | — | -$518M | — | — | — | — | — |
How the market has priced SNDK against its own fundamentals since 2025-02 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 2 years, Sandisk's revenue has grown 9.9% per year. These are computed facts, not advice.
As of FY2025, Sandisk reported $1.8B of total debt against $1.5B of cash; operating income covered interest expense -21.9×.
In FY2025, gross margin was 30.1%, operating margin -18.7%, and net margin -22.3%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.