Wolfspeed Inc Financials
This page shows Wolfspeed Inc (WOLF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Wolfspeed Inc has an operating margin of -175.4%, meaning the company retains $-175 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -41.1% the prior year.
Wolfspeed Inc's revenue declined 0.1% year-over-year, from $758.5M to $757.6M. This contraction results in a growth score of 28/100.
Wolfspeed Inc's current ratio of 0.36 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Wolfspeed Inc generated -$711.7M in operating cash flow, capex of $1.3B consumed most of it, leaving -$2.0B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Wolfspeed Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Wolfspeed Inc generates $0.44 in operating cash flow (-$711.7M OCF vs -$1.6B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Wolfspeed Inc earns $-4.2 in operating income for every $1 of interest expense (-$1.3B vs $315.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Wolfspeed Inc generated $757.6M in revenue in fiscal year 2025. This represents a decrease of 0.1% from the prior year.
Wolfspeed Inc's EBITDA was -$1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 548.1% from the prior year.
Wolfspeed Inc generated -$2.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 81.6% from the prior year.
Wolfspeed Inc reported -$1.6B in net income in fiscal year 2025. This represents a decrease of 387.8% from the prior year.
Wolfspeed Inc earned $-11.39 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 329.8% from the prior year.
Wolfspeed Inc held $467.2M in cash against $6.5B in long-term debt as of fiscal year 2025.
Wolfspeed Inc had 156M shares outstanding in fiscal year 2025. This represents an increase of 24.7% from the prior year.
Wolfspeed Inc's gross margin was -16.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 48.1 percentage points from the prior year.
Wolfspeed Inc's operating margin was -175.4% in fiscal year 2025, reflecting core business profitability. This is down 134.3 percentage points from the prior year.
Wolfspeed Inc's net profit margin was -212.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 168.9 percentage points from the prior year.
Wolfspeed Inc invested $175.1M in research and development in fiscal year 2025. This represents an increase of 5.7% from the prior year.
Wolfspeed Inc invested $1.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 33.9% from the prior year.
WOLF Income Statement
| Metric | Q2'26 | Q2'26 | Q2'26 | Q2'25 | Q3'25 | Q1'25 |
|---|---|---|---|---|---|---|
| Revenue | $169-100.0% | $168.5M-14.4% | $196.8M+35.0% | $145.8M-21.4% | $185.4M-4.8% | $194.7M |
| Cost of Revenue | $247-100.0% | $246.8M-9.9% | $273.9M+168.5% | $102.0M-50.9% | $207.9M-10.0% | $230.9M |
| Gross Profit | -$78+100.0% | -$78.3M-1.6% | -$77.1M-276.0% | $43.8M+294.7% | -$22.5M+37.8% | -$36.2M |
| R&D Expenses | $25-100.0% | $24.9M-21.5% | $31.7M | N/A | $42.2M-17.1% | $50.9M |
| SG&A Expenses | $29-100.0% | $29.4M-22.4% | $37.9M | N/A | $41.1M-33.9% | $62.2M |
| Operating Income | $158+100.0% | -$158.4M+1.9% | -$161.4M | N/A | -$194.5M+15.5% | -$230.1M |
| Interest Expense | $58-100.0% | $58.0M+8185.7% | $700K | N/A | $85.4M+32.4% | $64.5M |
| Income Tax | $1-100.0% | $1.2M-65.7% | $3.5M | N/A | $100K-75.0% | $400K |
| Net Income | $151+100.0% | -$150.6M-135.8% | $420.2M+384.7% | -$147.6M+48.3% | -$285.5M-1.2% | -$282.2M |
| EPS (Diluted) | $5.78+200.0% | $-5.78-360.4% | $2.22 | $-1.28+31.2% | $-1.86+16.6% | $-2.23 |
WOLF Balance Sheet
| Metric | Q2'26 | Q2'26 | Q2'26 | Q2'25 | Q3'25 | Q1'25 |
|---|---|---|---|---|---|---|
| Total Assets | $3K-100.0% | $3.4B-10.2% | $3.8B-44.0% | $6.9B-9.5% | $7.6B-3.6% | $7.9B |
| Current Assets | $2K-100.0% | $1.9B-13.3% | $2.2B-12.3% | $2.5B-11.4% | $2.9B+16.8% | $2.5B |
| Cash & Equivalents | $1K-100.0% | $1.0B+80.0% | $571.6M+22.3% | $467.2M-36.0% | $730.2M+0.6% | $726.1M |
| Inventory | $320-100.0% | $320.1M-18.4% | $392.3M-9.9% | $435.4M-5.2% | $459.1M-1.9% | $467.9M |
| Accounts Receivable | $108-100.0% | $108.3M-30.4% | $155.6M-13.0% | $178.8M+8.6% | $164.6M+13.2% | $145.4M |
| Goodwill | N/A | $359.2M | N/A | $0-100.0% | $359.2M0.0% | $359.2M |
| Total Liabilities | $3K-100.0% | $2.8B-8.5% | $3.1B-57.8% | $7.3B-0.8% | $7.4B+1.8% | $7.2B |
| Current Liabilities | $297-100.0% | $297.1M-12.9% | $341.0M-95.2% | $7.1B+1046.3% | $618.5M-21.0% | $782.9M |
| Long-Term Debt | $573-100.0% | $2.0B | $0-100.0% | $6.5B+0.4% | $6.5B+5.5% | $6.2B |
| Total Equity | $627-100.0% | $627.4M-17.1% | $757.1M+269.3% | -$447.1M-310.2% | $212.7M-66.2% | $628.9M |
| Retained Earnings | $151+100.0% | -$150.6M | $0+100.0% | -$4.5B-17.3% | -$3.9B-20.5% | -$3.2B |
WOLF Cash Flow Statement
| Metric | Q2'26 | Q2'26 | Q2'26 | Q2'25 | Q3'25 | Q1'25 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $43+100.0% | -$42.6M-90.2% | -$22.4M+90.8% | -$242.5M-70.7% | -$142.1M-7.7% | -$132.0M |
| Capital Expenditures | $30-100.0% | $30.0M-71.2% | $104.0M-50.9% | $211.9M-4.0% | $220.7M-49.5% | $437.0M |
| Free Cash Flow | $13+100.0% | -$72.6M+42.6% | -$126.4M+72.2% | -$454.4M-25.2% | -$362.8M+36.2% | -$569.0M |
| Investing Cash Flow | $788-100.0% | $787.6M+475.3% | $136.9M+1106.6% | -$13.6M-108.1% | $168.7M+187.4% | -$193.0M |
| Financing Cash Flow | $197+100.0% | -$197.0M-94.1% | -$101.5M-1201.3% | -$7.8M-108.7% | $89.4M+1762.5% | $4.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0 | N/A | $0 | $0 | $0 |
WOLF Financial Ratios
| Metric | Q2'26 | Q2'26 | Q2'26 | Q2'25 | Q3'25 | Q1'25 |
|---|---|---|---|---|---|---|
| Gross Margin | -46.5%0.0pp | -46.5%-7.3pp | -39.2%-69.2pp | 30.0%+42.2pp | -12.1%+6.5pp | -18.6% |
| Operating Margin | 94.0%+188.0pp | -94.0%-12.0pp | -82.0% | N/A | -104.9%+13.3pp | -118.2% |
| Net Margin | 89.4%+178.8pp | -89.4%-302.9pp | 213.5%+314.8pp | -101.2%+52.8pp | -154.0%-9.1pp | -144.9% |
| Return on Equity | 24.0%+23.4pp | 0.6%-54.9pp | 55.5%+54.5pp | 1.0%+1.0pp | 0.0%-0.0pp | 0.0% |
| Return on Assets | 4.4%+8.7pp | -4.4%-15.3pp | 10.9%+15.2pp | -4.3%-0.5pp | -3.8%-0.2pp | -3.6% |
| Current Ratio | 6.500.0 | 6.50-0.0 | 6.54+6.2 | 0.36-4.3 | 4.64+1.5 | 3.14 |
| Debt-to-Equity | 0.91-2.2 | 3.13+3.1 | 0.00+14.6 | -14.62-45.2 | 30.61+20.8 | 9.81 |
| FCF Margin | 7.5%+50.6pp | -43.1%+21.1pp | -64.2%+91.1pp | -155.4%+40.3pp | -195.7%+96.5pp | -292.2% |
Note: Shareholder equity is negative (-$447.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.36), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Wolfspeed Inc's annual revenue?
Wolfspeed Inc (WOLF) reported $757.6M in total revenue for fiscal year 2025. This represents a -0.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wolfspeed Inc's revenue growing?
Wolfspeed Inc (WOLF) revenue declined by 0.1% year-over-year, from $758.5M to $757.6M in fiscal year 2025.
Is Wolfspeed Inc profitable?
No, Wolfspeed Inc (WOLF) reported a net income of -$1.6B in fiscal year 2025, with a net profit margin of -212.4%.
What is Wolfspeed Inc's earnings per share (EPS)?
Wolfspeed Inc (WOLF) reported diluted earnings per share of $-11.39 for fiscal year 2025. This represents a -329.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Wolfspeed Inc's EBITDA?
Wolfspeed Inc (WOLF) had EBITDA of -$1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wolfspeed Inc have?
As of fiscal year 2025, Wolfspeed Inc (WOLF) had $467.2M in cash and equivalents against $6.5B in long-term debt.
What is Wolfspeed Inc's gross margin?
Wolfspeed Inc (WOLF) had a gross margin of -16.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Wolfspeed Inc's operating margin?
Wolfspeed Inc (WOLF) had an operating margin of -175.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Wolfspeed Inc's net profit margin?
Wolfspeed Inc (WOLF) had a net profit margin of -212.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Wolfspeed Inc's free cash flow?
Wolfspeed Inc (WOLF) generated -$2.0B in free cash flow during fiscal year 2025. This represents a -81.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wolfspeed Inc's operating cash flow?
Wolfspeed Inc (WOLF) generated -$711.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Wolfspeed Inc's total assets?
Wolfspeed Inc (WOLF) had $6.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Wolfspeed Inc's capital expenditures?
Wolfspeed Inc (WOLF) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Wolfspeed Inc spend on research and development?
Wolfspeed Inc (WOLF) invested $175.1M in research and development during fiscal year 2025.
How many shares does Wolfspeed Inc have outstanding?
Wolfspeed Inc (WOLF) had 156M shares outstanding as of fiscal year 2025.
What is Wolfspeed Inc's current ratio?
Wolfspeed Inc (WOLF) had a current ratio of 0.36 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Wolfspeed Inc's debt-to-equity ratio?
Wolfspeed Inc (WOLF) had a debt-to-equity ratio of -14.62 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wolfspeed Inc's return on assets (ROA)?
Wolfspeed Inc (WOLF) had a return on assets of -23.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Wolfspeed Inc's cash runway?
Based on fiscal year 2025 data, Wolfspeed Inc (WOLF) had $467.2M in cash against an annual operating cash burn of $711.7M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Wolfspeed Inc's debt-to-equity ratio negative or unusual?
Wolfspeed Inc (WOLF) has negative shareholder equity of -$447.1M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Wolfspeed Inc's Piotroski F-Score?
Wolfspeed Inc (WOLF) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wolfspeed Inc's earnings high quality?
Wolfspeed Inc (WOLF) has an earnings quality ratio of 0.44x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Wolfspeed Inc cover its interest payments?
Wolfspeed Inc (WOLF) has an interest coverage ratio of -4.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Wolfspeed Inc?
Wolfspeed Inc (WOLF) scores 7 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.