ONTO: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	1.01bn	987m
Cost of revenue	505m	472m
Gross profit	500m	515m
Research and development	132m	114m
Selling, general and administrative	107m	80m
Operating expenses	367m	328m
Operating income	133m	187m
Pre-tax income	163m	220m
Income tax	26m	19m
Net income	137m	202m
Earnings per share	2.78	4.09
Earnings per share, diluted	2.78	4.06
Weighted average shares	49m	49m
Weighted average shares, diluted	49m	50m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	252m	346m	603m	217m	204m	213m	189m	173m
Receivables	307m	269m	260m	285m	292m	308m	254m	238m
Inventory	316m	298m	259m	270m	293m	287m	308m	320m
Current assets	1.32bn	1.27bn	1.54bn	1.49bn	1.47bn	1.48bn	1.46bn	1.39bn
Property, plant and equipment	124m	127m	129m	133m	127m	124m	120m	115m
Goodwill	643m	644m	330m	330m	330m	330m	316m	316m
Total assets	2.40bn	2.37bn	2.19bn	2.14bn	2.12bn	2.12bn	2.07bn	2.01bn
Current liabilities	214m	219m	163m	156m	174m	170m	145m	148m
Total liabilities	264m	267m	185m	177m	195m	191m	170m	174m
Equity	2.13bn	2.10bn	2.00bn	1.96bn	1.92bn	1.93bn	1.90bn	1.83bn
Shares outstanding	50m	50m	—	—	—	49m	—	—
Shares issued	50m	50m	—	—	—	49m	—	—

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	328m	246m
Depreciation and amortisation	21m	13m
Share-based compensation	28m	29m
Capital expenditure	29m	32m
Investing cash flow	−122m	−227m
Share buybacks	75m	25m
Financing cash flow	−75m	−36m