Short answer
AMBARELLA INC (AMBA) filed its fiscal 2025 10-K annual report with the SEC on Mar 28, 2025. It reported revenue of $285M (+25.8% year over year) and net income of −$117M.
- Top risk flagged: U.S. export controls restrict sales to China and Hong Kong, with BIS imposing licensing requirements on semiconductor SoCs affecting AMBARELLA’s ability to compete internationally
FY2025 key financial metrics · XBRL
- Revenue
- $285M
- +25.8% YoY
- Net income
- −$117M
- +30.9% YoY
- Operating margin
- -44.4%
- +23.8 pp YoY
- Gross margin
- 60.5%
- +0.1 pp YoY
- EPS (diluted)
- −$2.84
- +33.2% YoY
- ROE
- -20.9%
- +9.4 pp YoY
- Operating cash flow
- $34M
- +77.9% YoY
Source: XBRL data from the AMBARELLA INC (AMBA) FY2025 10-K on SEC EDGAR. USD.
AMBARELLA INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Developer of low-power AI SoC semiconductors and software for edge AI in automotive, IoT, and human-viewing camera applications
- New products: Launched CV7, CV3, N1 SoCs with 3rd-gen CVflow AI accelerator on advanced 5nm tech; N1 supports LLM inferencing up to 34B parameters
- Strategic shift: Acquisition of Oculii integrates radar AI software with CV3 for centralized radar-camera fusion, enhancing perception and reducing power/cost
- Quantitative highlight: CV3 AI accelerator is 20x faster vs prior generation CV2, enabling L2+ to L4 autonomous driving domain controllers
- Noteworthy fact: First introduction of transformer AI network support in SoCs, enabling advanced AI including deep fusion, large language models, and reasoning
Management Discussion & Analysis
- Revenue $284.9M, up 25.8% YoY from $226.5M in fiscal 2024 due to higher unit shipments, AI processor sales, and increased NRE revenue
- Operating loss $126.6M, improved from $154.6M loss in fiscal 2024; operating margin -44.4% vs -68.3%
- IoT and automotive markets largest revenue drivers; AI inference processors contributed to higher average selling prices and margins
- Operating cash flow $33.8M, up from $19.0M in fiscal 2024; no specific buyback or dividend details disclosed
- Management expects increased R&D spend to support AI and new market expansion; supply chain risks remain but easing
Risk Factors
- U.S. export controls restrict sales to China and Hong Kong, with BIS imposing licensing requirements on semiconductor SoCs affecting AMBARELLA’s ability to compete internationally
- Primary inventory warehouse in Hong Kong exposed to political unrest, risking shipments, business interruptions, and potential costly relocation of operations
- Dependence on WT Microelectronics Co., Ltd. for 63% of revenue, and top 10 customers contributing 59% total revenue, creating significant customer concentration risk
- Supply chain vulnerabilities include wafer shortages from Samsung and no long-term contracts with manufacturing vendors, risking capacity and pricing uncertainties
- Competition intensifying in emerging automotive OEM and ADAS markets where larger incumbents have more resources and established relations with key customers
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