15 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 →
Growth & profitability
Revenue has grown 10.0% per year over the past 5 years.
Operating margin has contracted, at -175.4% in the latest year.
Financial health
Total debt ($6.5B) exceeds cash ($467M); net debt is $6.1B.
Total debt has grown slower than revenue (6.1% vs 10.0% per year).
Operating income covered interest expense -4.2× in the latest year.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$758M
-$1.6B
-16.1%
-175.4%
-$2.0B
$6.5B
$467M
2024
$807M
-$864M
9.6%
-55.2%
-$3.0B
$6.2B
$1.0B
2023
$759M
-$330M
32.0%
-41.1%
-$1.1B
—
$1.8B
2022
$572M
-$201M
36.4%
-35.5%
-$791M
—
$450M
2021
$526M
-$524M
31.3%
-59.7%
-$696M
—
$379M
2020
$471M
-$192M
33.7%
-47.6%
-$259M
—
$449M
2019
$538M
-$375M
45.3%
-17.4%
$78M
$0
$501M
2018
$329M
-$280M
44.1%
-36.7%
$6M
$292M
$119M
2017
—
-$98M
—
—
$134M
—
$133M
2016
—
-$22M
—
—
$83M
—
$166M
2015
—
-$65M
—
—
-$25M
—
$140M
2014
—
$123M
—
—
$141M
—
$287M
2013
—
$87M
—
—
$208M
—
$190M
2012
—
$44M
—
—
$147M
—
$179M
2011
—
$147M
—
—
$14M
—
$391M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$150M
-$120M
-26.6%
-76.1%
-$122M
$1.7B
$695M
Dec '25
$169M
-$151M
-46.5%
-94.0%
-$73M
$2.0B
$1.0B
Sep '25
$197M
$420M
-39.2%
-82.0%
-$126M
—
—
Sep '25
$197M
-$644M
-39.2%
-82.0%
-$98M
$0
$572M
Jun '25
$197M
-$669M
-13.0%
-295.2%
-$454M
$6.5B
$467M
Mar '25
$185M
-$286M
-12.1%
-104.9%
-$363M
$6.5B
$730M
Dec '24
$181M
-$372M
-20.6%
-178.9%
-$597M
$6.4B
$614M
Sep '24
$195M
-$282M
-18.6%
-118.2%
-$569M
$6.2B
$726M
Jun '24
$201M
-$175M
1.2%
-72.7%
-$884M
$6.2B
$1.0B
Mar '24
$201M
-$149M
11.2%
-53.0%
-$714M
—
$1.1B
Dec '23
$208M
-$145M
13.3%
-47.1%
-$813M
—
$904M
Sep '23
$197M
-$396M
12.5%
-48.1%
-$589M
—
$1.8B
Jun '23
$203M
-$113M
29.0%
-44.2%
-$477M
—
$1.8B
Mar '23
$193M
-$100M
31.0%
-44.5%
-$302M
—
$795M
Dec '22
$174M
-$91M
32.6%
-42.0%
-$193M
—
$1.1B
Sep '22
$189M
-$26M
35.7%
-33.5%
-$120M
—
$522M
Jun '22
$229M
$32M
34.5%
-25.8%
-$140M
—
$450M
Mar '22
$188M
-$67M
34.0%
-33.1%
-$162M
—
$486M
Dec '21
$173M
-$97M
32.9%
-35.2%
-$175M
—
$185M
Sep '21
$157M
-$70M
31.5%
-42.0%
-$322M
—
$262M
Valuation over time
How the market has priced WOLF against its own fundamentals since 2023-03 —
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.
The price-to-sales ratio has fallen from 5.5× (Mar '23) to 3.0× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is WOLF growing its revenue and profit?
Over the past 5 years, Wolfspeed, Inc.'s revenue has grown 10.0% per year. These are computed facts, not advice.
How much debt does WOLF have?
As of FY2025, Wolfspeed, Inc. reported $6.5B of total debt against $467M of cash; operating income covered interest expense -4.2×.
What is WOLF's profit margin?
In FY2025, gross margin was -16.1%, operating margin -175.4%, and net margin -212.4%.
Where does this data come from?
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.