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Ambarella(AMBA) - 2025 Q4 - Annual Results
AMBAAmbarella(AMBA)2025-02-26 21:22

Revenue Performance - Revenue for Q4 fiscal 2025 was 84.0million,up62.884.0 million, up 62.8% from 51.6 million in Q4 fiscal 2024[3] - For the fiscal year ended January 31, 2025, revenue was 284.9million,up25.8284.9 million, up 25.8% from 226.5 million for the fiscal year ended January 31, 2024[3] - The company expects Q1 fiscal 2026 revenue to be between 81.0millionand81.0 million and 87.0 million[3] - The company anticipates mid to high teens revenue growth in fiscal 2026, driven by 5nm products including the CV5 and CV7 families[6] Profitability - GAAP net loss for Q4 fiscal 2025 was 20.2million,orlossperdilutedshareof20.2 million, or loss per diluted share of 0.48, compared to a net loss of 60.6million,orlossperdilutedshareof60.6 million, or loss per diluted share of 1.50, in Q4 fiscal 2024[3] - Non-GAAP net profit for Q4 fiscal 2025 was 4.8million,orearningsperdilutedshareof4.8 million, or earnings per diluted share of 0.11, compared to a non-GAAP net loss of 9.8million,orlossperdilutedshareof9.8 million, or loss per diluted share of 0.24, in Q4 fiscal 2024[3] - For the three months ended January 31, 2025, GAAP net loss was 20,234thousandcomparedtoanetlossof20,234 thousand compared to a net loss of 60,607 thousand for the same period in 2024[19] - Non-GAAP net income for the three months ended January 31, 2025, was 4,767thousand,comparedtoalossof4,767 thousand, compared to a loss of 9,825 thousand in 2024[19] Margins - Gross margin for Q4 fiscal 2025 was 60.0%, compared to 59.8% for the same period in fiscal 2024[3] - Non-GAAP gross margin is expected to be between 61.0% and 62.5% for Q1 fiscal 2026[3] - The difference between GAAP and non-GAAP gross margin was 2.0% for the three months ended January 31, 2025, amounting to 1.7million[18]CashandAssets−Totalcash,cashequivalents,andmarketabledebtsecuritiesattheendofQ4fiscal2025was1.7 million[18] Cash and Assets - Total cash, cash equivalents, and marketable debt securities at the end of Q4 fiscal 2025 was 250.3 million, up from 226.5millionattheendofthepriorquarter[5]−Totalcurrentassetsincreasedto226.5 million at the end of the prior quarter[5] - Total current assets increased to 320,551 thousand as of January 31, 2025, from 280,157thousandin2024[21]−Cashandcashequivalentsremainedrelativelystableat280,157 thousand in 2024[21] - Cash and cash equivalents remained relatively stable at 144,622 thousand in 2025 compared to 144,914thousandin2024[21]−Thecompanyreportedtotalassetsof144,914 thousand in 2024[21] - The company reported total assets of 688,968 thousand as of January 31, 2025, up from 657,655thousandin2024[21]LiabilitiesandDeficits−Totalliabilitiesroseto657,655 thousand in 2024[21] Liabilities and Deficits - Total liabilities rose to 127,556 thousand in 2025 from 97,784thousandin2024[21]−Theaccumulateddeficitincreasedto97,784 thousand in 2024[21] - The accumulated deficit increased to 252,057 thousand in 2025 from 134,931thousandin2024[21]Stock−BasedCompensationandAcquisitionCosts−Totalstock−basedcompensationforthetwelvemonthsendedJanuary31,2025,was134,931 thousand in 2024[21] Stock-Based Compensation and Acquisition Costs - Total stock-based compensation for the twelve months ended January 31, 2025, was 108,043 thousand, a decrease from 111,316thousandin2024[18]−Totalacquisition−relatedcostsforthetwelvemonthsendedJanuary31,2025,were111,316 thousand in 2024[18] - Total acquisition-related costs for the twelve months ended January 31, 2025, were 5,044 thousand, slightly down from $5,108 thousand in 2024[18] Product Shipment - Cumulatively, the company has shipped about 30 million edge AI processors, marking a quarterly and annual record[6]