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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$758M
-$1.6B
-16.1%
-175.4%
359.9%
-23.5%
-$2.0B
$6.5B
$467M
2024
$807M
-$864M
9.6%
-55.2%
-98.0%
-10.8%
-$3.0B
$6.2B
$1.0B
2023
$759M
-$330M
32.0%
-41.1%
-20.3%
-5.0%
-$1.1B
—
$1.8B
2022
$572M
-$201M
36.4%
-35.5%
-8.2%
-5.1%
-$791M
—
$450M
2021
$526M
-$524M
31.3%
-59.7%
-24.8%
-15.2%
-$696M
—
$379M
2020
$471M
-$192M
33.7%
-47.6%
-9.2%
-5.9%
-$259M
—
$449M
2019
$538M
-$375M
45.3%
-17.4%
-18.4%
-13.3%
$78M
$0
$501M
2018
$329M
-$280M
44.1%
-36.7%
-13.5%
-10.6%
$6M
$292M
$119M
2017
—
-$98M
—
—
-4.4%
-3.7%
$134M
—
$133M
2016
—
-$22M
—
—
-0.9%
-0.8%
$83M
—
$166M
2015
—
-$65M
—
—
-2.6%
-2.2%
-$25M
—
$140M
2014
—
$123M
—
—
4.1%
3.7%
$141M
—
$287M
2013
—
$87M
—
—
3.1%
2.8%
$208M
—
$190M
2012
—
$44M
—
—
1.7%
1.6%
$147M
—
$179M
2011
—
$147M
—
—
6.5%
6.0%
$14M
—
$391M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$150M
-$145M
-24.5%
-77.1%
-15.6%
-4.8%
-$60M
$1.7B
$576M
Mar '26
$150M
-$120M
-26.6%
-76.1%
-11.7%
-3.8%
-$122M
$1.7B
$695M
Dec '25
$169M
-$151M
-46.5%
-94.0%
-24.0%
-4.4%
-$73M
$2.0B
$1.0B
Sep '25
$197M
$420M
-39.2%
-82.0%
55.5%
10.9%
-$126M
—
—
Sep '25
$197M
-$644M
-39.2%
-82.0%
59.6%
-9.8%
-$98M
$0
$572M
Jun '25
$197M
-$669M
-13.0%
-295.2%
149.7%
-9.8%
-$454M
$6.5B
$467M
Mar '25
$185M
-$286M
-12.1%
-104.9%
-134.2%
-3.8%
-$363M
$6.5B
$730M
Dec '24
$181M
-$372M
-20.6%
-178.9%
-99.9%
-4.8%
-$597M
$6.4B
$614M
Sep '24
$195M
-$282M
-18.6%
-118.2%
-44.9%
-3.6%
-$569M
$6.2B
$726M
Jun '24
$201M
-$175M
1.2%
-72.7%
-19.8%
-2.2%
-$884M
$6.2B
$1.0B
Mar '24
$201M
-$149M
11.2%
-53.0%
-14.6%
-1.9%
-$714M
—
$1.1B
Dec '23
$208M
-$145M
13.3%
-47.1%
-12.6%
-2.0%
-$813M
—
$904M
Sep '23
$197M
-$396M
12.5%
-48.1%
-31.8%
-5.4%
-$589M
—
$1.8B
Jun '23
$203M
-$113M
29.0%
-44.2%
-7.0%
-1.7%
-$477M
—
$1.8B
Mar '23
$193M
-$100M
31.0%
-44.5%
-5.8%
-1.8%
-$302M
—
$795M
Dec '22
$174M
-$91M
32.6%
-42.0%
-5.1%
-1.7%
-$193M
—
$1.1B
Sep '22
$189M
-$26M
35.7%
-33.5%
-1.2%
-0.7%
-$120M
—
$522M
Jun '22
$229M
$32M
34.5%
-25.8%
1.3%
0.8%
-$140M
—
$450M
Mar '22
$188M
-$67M
34.0%
-33.1%
-2.8%
-1.8%
-$162M
—
$486M
Dec '21
$173M
-$97M
32.9%
-35.2%
-4.1%
-3.0%
-$175M
—
$185M
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 6.0× (Mar '23) to 1.6× (Nov '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%.
What is WOLF's P/E ratio?
Wolfspeed, Inc.'s P/E (TTM) is 269.55 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the WOLF stock page. These are computed facts, not advice.
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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.