Broadcom Inc.

AVGO 10-K · Q4 2025

AVGO Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 18,015 14,054 +28.2%
Show Product Lines breakouts
Product 18,913 12,917 +46.4%
Product · Americas 6,121 3,135 +95.2%
Product · Asia Pacific 10,692 8,000 +33.7%
Product · EMEA 2,100 1,782 +17.8%
Subscriptions and services -898 1,137 -179.0%
Subscriptions and services · Americas -1,244 885 -240.6%
Subscriptions and services · Asia Pacific 112 -70 +260.0%
Subscriptions and services · EMEA 234 322 -27.3%
Show Business Segments breakouts
Infrastructure Software 6,943 5,824 +19.2%
Semiconductor Solutions 11,072 8,230 +34.5%
Show Geography breakouts
Americas 4,877 4,020 +21.3%
Asia Pacific 10,804 7,930 +36.2%
EMEA 2,334 2,104 +10.9%
Costof Products Sold 3,606 2,782 +29.6%
Costof Subscriptionsand Services 607 617 -1.6%
Amortizationofacquisitionrelatedintangibleassetscostofproductssold 1,545 1,602 -3.6%
Restructuring Charges Cost Of Products Sold 8 51 -84.3%
Cost of Revenue 5,766 5,052 +14.1%
Gross Profit 12,249 9,002 +36.1%
Research & Development 2,981 2,234 +33.4%
Selling, General & Administrative 1,107 1,010 +9.6%
Amortizationofacquisitionrelatedintangibleassetsoperatingexpenses 507 813 -37.6%
Restructuring Settlement And Impairment Provisions 146 318 -54.1%
Operating Expenses 4,741 4,375 +8.4%
Operating Income 7,508 4,627 +62.3%
Show Business Segments breakouts
Infrastructure Software 5,418 4,188 +29.4%
Semiconductor Solutions 6,503 4,623 +40.7%
Other Non-Operating Income (Expense) 122 52 +134.6%
Income Before Taxes 6,869 3,763 +82.5%
Income Tax Expense (Benefit) -1,649 -442 -273.1%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 8,518 4,205 +102.6%
Net Income 8,518 4,324 +97.0%
EPS (Basic) 1.81 0.93 +94.6%
EPS (Diluted) 1.75 0.9 +94.4%
Wtd Avg Shares (Basic) 7 18 -61.1%
Wtd Avg Shares (Diluted) 12 16 -25.0%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 16,178 9,348 +73.1%
Accounts Receivable 7,145 4,416 +61.8%
Inventory 2,270 1,760 +29.0%
Other Assets Current 5,980 4,071 +46.9%
Total Current Assets 31,573 19,595 +61.1%
Non-Current Assets
Property, Plant & Equipment 2,530 2,521 +0.4%
Show Geography breakouts
Other 387 471 -17.8%
TW 446 365 +22.2%
US 1,697 1,685 +0.7%
Goodwill 97,801 97,873 -0.1%
Show Business Segments breakouts
Infrastructure Software 71,788 71,858 -0.1%
Semiconductor Solutions 26,013 26,015 -0.0%
Intangible Assets Net Excluding Goodwill 32,273 40,583 -20.5%
Other Non-Current Assets 6,915 5,073 +36.3%
Total Assets 171,092 165,645 +3.3%
Operating Lease Right-of-Use Assets 1,318 1,325 -0.5%
Intangible Assets 31,453 38,243 -17.8%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Contracts 11,788 13,915 -15.3%
Other Intangible Assets 72 61 +18.0%
Technology Based Intangible Assets 18,380 22,916 -19.8%
Trade Names 1,213 1,351 -10.2%
Current Liabilities
Accounts Payable 1,560 1,662 -6.1%
Employee Related Liabilities Current 2,129 1,971 +8.0%
Long Term Debt And Capital Lease Obligations Current 3,152 1,271 +148.0%
Other Liabilities Current 11,673 11,793 -1.0%
Total Current Liabilities 18,514 16,697 +10.9%
Deferred Revenue (Current) 9,469 9,395 +0.8%
Current Portion of Long-Term Debt 3,152 1,245 +153.2%
Non-Current Liabilities
Long Term Debt And Capital Lease Obligations 61,984 66,295 -6.5%
Other Non-Current Liabilities 9,302 14,975 -37.9%
Total Liabilities 89,800 97,967 -8.3%
Operating Lease Liabilities 1,181 1,143 +3.3%
Contract With Customer Liability Noncurrent 3,547 5,100 -30.5%
Stockholders' Equity
Common Stock 5 5 0.0%
Additional Paid-In Capital 71,308 67,466 +5.7%
Retained Earnings 9,761
Accumulated Other Comprehensive Income 218 207 +5.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 81,292 67,678 +20.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 218 207 +5.3%
Additional Paid In Capital 71,308 67,466 +5.7%
Common Stock 5 5 0.0%
Retained Earnings 9,761
Total Liabilities & Equity 171,092 165,645 +3.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Amortizationofintangibleandrightofuseassets 2,085 2,455 -15.1%
Depreciation 148 156 -5.1%
Stock-Based Compensation 2,195 1,314 +67.0%
Deferred Income Taxesand Other Noncash Tax Expense -3,025 -868 -248.5%
Gains Losses On Extinguishment Of Debt 20 52 -61.5%
Amortization Of Financing Costs And Discounts 71 91 -22.0%
Other Non-Cash Items 36 138 -73.9%
Change in Accounts Receivable -651 249 -361.4%
Change in Inventory -90 134 -167.2%
Change in Accounts Payable 118 -85 +238.8%
Increase Decrease In Employee Related Liabilities 410 196 +109.2%
Increase Decrease In Other Current Assets And Liabilities Net -809 -1,410 +42.6%
Increase Decrease In Other Noncurrent Assets And Liabilities Net -1,323 -1,142 -15.8%
Net Cash from Operations 7,703 5,604 +37.5%
Investing Activities
Proceeds From Divestiture Of Businesses 0 0
Capital Expenditures -237 -122 -94.3%
Payments To Acquire Investments 336 30 +1020.0%
Proceeds From Sale Maturity And Collections Of Investments 101 20 +405.0%
Other Investing Activities 105 0
Net Cash from Investing -367 -132 -178.0%
Financing Activities
Proceeds From Issuance Of Long Term Debt 4,971 4,969 0.0%
Debt Repayments -3,638 -7,472 +51.3%
Payments Of Dividends -2,797 -2,484 -12.6%
Share Repurchases 0 0
Tax Withholding for Share Compensation 0 -1,204 +100.0%
Proceeds From Issuance Of Common Stock 103 126 -18.3%
Proceeds From Payments For Other Financing Activities -27 -11 -145.5%
Net Cash from Financing -1,876 -6,076 +69.1%
Supplemental
Interest Paid 699 738 -5.3%
Income Taxes Paid 755 832 -9.3%
Other Cash Flow
Net Change in Cash 5,460 -604 +1004.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 16,178 9,348 +73.1%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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