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SMART Global Holdings logo
SMART Global Holdings SGH
report update icon

Quarterly report 2026-Q3
added 07-07-2026

SMART Global Holdings Income Statement 2025-2011 | SGH

Brief overview of profit and loss at SMART Global Holdings

The figures are compared over a five-year interval. Revenue reported by SMART Global Holdings was $1.1 billion at the beginning of the period and $338 million at the end. Overall revenue changed by −69.9%, equal to an annualized rate of about −21.3%. Sales followed a declining trajectory over the five years.

The gross result shifted from 216 million dollars to 96.7 million dollars, or −55.3%. Direct costs outpaced revenue, limiting the benefit of changes in sales. Gross margin moved from 19.3% to 28.6%. The margin shift points to a more favorable sales-and-cost structure.

Over the period, EBITDA shifted from 77.8 million dollars to 68.7 million dollars, a change of −11.7%. EBITDA grew faster than revenue, indicating positive operating leverage. Comparing the endpoints gives EBITDA margins of 6.9% and 20.3%. The business generated more EBITDA from each unit of revenue.

The final result was −1.1 million dollars initially and 25.4 million dollars in the final year. The trajectory reversed from a loss to positive earnings.

The market value of the business moved from 864 million dollars to 1.1 billion dollars, or +26.9%. The financial trend was stronger than the market valuation.

Overall conclusion

The five-year picture requires weighing both strengths and weaknesses. Key strengths include a stronger final result, better sales economics and higher operating efficiency. The main areas of concern are a softer top-line trend. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement SMART Global Holdings

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

1.1 B 1.12 B 702 M 635 M 1.41 B 864 M 574 M 634 M 347 M - - - - - -

Shares

52.6 M 53.5 M 52.1 M 49 M 49 M 48 M 23 M 22.1 M 15.8 M - - - - - -

Historical Prices

20.9 20.9 13.5 13 28.7 18.6 15.1 12.4 18.1 - - - - - -

Net Income

25.4 M -52.5 M -188 M 66.6 M 21.3 M -1.14 M 51.3 M 119 M -7.8 M -20 M -46.5 M - - - -

Revenue

338 M 341 M 274 M 392 M 356 M 1.12 B 1.21 B 1.29 B 761 M 534 M 643 M - - - -

Cost of Revenue

975 M 830 M 1.03 B 1 B 818 M 906 M 974 M 997 M 599 M 427 M 512 M - - - -

Gross Profit

96.7 M 97.8 M 82.8 M 112 M 102 M 216 M 238 M 292 M 162 M 107 M 131 M - - - -

Operating Income

12.4 M 17.4 M 1.3 M 14.8 M 16.4 M 41.3 M 89.1 M 170 M 53.9 M 6.18 M -6.71 M - - - -

Interest Expense

-1.93 M -21.1 M -11.8 M -350 K 582 K -17 M -2.16 M -13.3 M -22.6 M 1.87 M -5.53 M - - - -

EBITDA

68.7 M 83.1 M 72.9 M 61.5 M 51.3 M 77.8 M 118 M 193 M 63.8 M 38.8 M 44.6 M - - - -

Operating Expenses

336 M 322 M 406 M 324 M 254 M 175 M 148 M 124 M 132 M 99.6 M 137 M - - - -

General and Administrative Expenses

238 M 234 M 261 M 205 M 158 M 123 M 98.2 M 84.5 M 62.7 M 61.5 M 93.3 M - - - -

All numbers in USD currency

Quarterly Income Statement SMART Global Holdings

2026-Q3 2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

51 M 52.3 M 52.3 M 52.7 M 53.1 M 53.5 M 53.5 M 53.3 M 52.6 M 52 M 52.1 M 51.9 M 49.4 M 49.1 M 49 M 48.6 M 50.1 M 49.5 M 49 M 48.5 M 48.1 M 48.4 M 24.6 M 24.3 M 24.1 M 24.6 M 23.7 M 23.4 M 23 M 23.7 M 22.6 M 22.4 M 22.2 M 22.6 M 21.7 M 21.4 M 14 M 21.7 M 13.9 M 13.8 M 13.8 M 13.8 M 13.8 M - - - - - - - - - - - - - - - - - - -

Net Income

44.7 M 37.5 M 37.5 M - 2.66 M 8.08 M 5.22 M - 5.62 M -13.6 M -19.9 M - -24.5 M -27.2 M 4.99 M - 24.1 M 2.46 M 20.7 M 660 K -7.21 M 5.84 M 2.03 M 7.53 M 2.03 M 2.03 M 224 K 224 K 224 K 224 K 31 M 31 M 31 M 31 M 21 M -10.2 M 7.96 M 21 M -3.21 M -1.46 M -1.34 M -6.34 M -10.8 M - - - - - - - - - - - - - - - - - - -

Revenue

479 M 343 M 343 M - 324 M 366 M 341 M - 301 M 285 M 274 M - 344 M 388 M 392 M - 463 M 449 M 470 M 1.03 B 438 M 304 M 292 M 297 M 281 M 292 M 272 M 278 M 236 M 272 M 394 M 374 M 335 M 314 M 265 M 223 M 207 M 172 M 159 M 146 M 150 M 117 M 122 M - - - - - - - - - - - - - - - - - - -

Cost of Revenue

345 M 249 M 249 M - 229 M 261 M 243 M - 212 M 203 M 191 M - 244 M 277 M 280 M - 348 M 336 M 348 M 843 M 353 M 251 M 239 M 665 M 227 M 239 M 218 M 748 M 193 M 218 M 309 M 706 M 257 M 309 M 208 M 424 M 160 M 208 M 130 M 311 M 119 M - - - - - - - - - - - - - - - - - - - - -

Gross Profit

133 M 93.7 M 93.7 M - 95.1 M 105 M 97.8 M - 88.9 M 81.9 M 82.8 M - 100 M 111 M 112 M - 114 M 113 M 122 M 191 M 84.5 M 53.5 M 52.6 M 160 M 54.2 M 52.6 M 54.3 M 52.3 M 43 M 54.3 M 85.1 M 82.7 M 78.1 M 85.1 M 57.8 M 48 M 47.4 M 57.8 M 29.7 M 29.9 M 30.6 M 23.1 M 23.3 M - - - - - - - - - - - - - - - - - - -

Operating Income

50.9 M 25.7 M 25.7 M - 9.84 M 18.5 M 17.4 M - 11.5 M -3.31 M 1.3 M - -2.39 M -2.08 M 14.8 M - 35.3 M 16.8 M 34.8 M 23.5 M 2.89 M 12.9 M 7.62 M 17.2 M 10.1 M 7.62 M 5.88 M 11.4 M 7.4 M 5.88 M 47.8 M 45 M 48.7 M 47.8 M 31.5 M 20.6 M 20.4 M 31.5 M 3.62 M 4 M 5.14 M -364 K -2.59 M - - - - - - - - - - - - - - - - - - -

Interest Expense

3.48 M 28 M 28 M - 1.44 M 209 K -636 K - -441 K -248 K 576 K - -354 K -13.3 M 1.36 M - -550 K -1.78 M -1.24 M -1.19 M -489 K -1.53 M 832 K -16.7 M -3.44 M 832 K -840 K -2.98 M 97 K -840 K -3.33 M -7.31 M -7.14 M -3.33 M -2.72 M -1.66 M -762 K -2.72 M 103 K 730 K 2.1 M - - - - - - - - - - - - - - - - - - - - -

EBITDA

88.7 M 51.3 M 30.7 M - 14.8 M 23.5 M 32.3 M - 17.1 M 3.89 M 19 M - 4.41 M 4.12 M 31.9 M - 45.9 M 27 M 50.6 M 55.9 M 20.1 M 18.3 M 16 M 45 M 29 M 16 M 15.4 M 31.6 M 20.7 M 15.4 M 54.2 M 63.6 M 61.3 M 54.2 M 37.7 M 46 M 28.2 M 37.7 M 12.2 M 27.4 M 12.8 M -364 K -2.59 M - - - - - - - - - - - - - - - - - - -

Operating Expenses

82.4 M 68 M 68 M - 85.2 M 86.2 M 80.5 M - 77.4 M 85.2 M 81.5 M - 103 M 113 M 97.3 M - 79.2 M 95.9 M 87.4 M 167 M 81.6 M 40.5 M 45 M 136 M 44.2 M 45 M 48.4 M 108 M 35.6 M 48.4 M 37.3 M 83.7 M 29.4 M 37.3 M 26.4 M 80.9 M 27 M 26.4 M 26.1 M 74.9 M 25.5 M - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

59.4 M 48 M 48 M - 59.7 M 59.3 M 60.5 M - 57.2 M 61.4 M 57.2 M - 67.9 M 60.1 M 67.7 M - 58.7 M 53.1 M 52.6 M 118 M 48.5 M 31.7 M 38.1 M 91.9 M 29.7 M 38.1 M 33.6 M 73.2 M 24.3 M 33.6 M 25.5 M 55.5 M 19.6 M 25.5 M 17.8 M 49 M 17.2 M 17.8 M 15.4 M 43 M 14.7 M - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company SMART Global Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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