Short answer
NetApp (NTAP) filed its fiscal 2025 10-K annual report with the SEC on Jun 9, 2025. It reported revenue of $6.6B (+4.9% year over year) and net income of $1.2B.
- Top risk flagged: Regulatory risk from potential changes to SEC rules impacting automatic shelf registration, affecting future debt and equity offerings
FY2025 key financial metrics · XBRL
- Revenue
- $6.6B
- +4.9% YoY
- Net income
- $1.2B
- +20.3% YoY
- Operating margin
- 20.3%
- +1.0 pp YoY
- Gross margin
- 70.2%
- −0.5 pp YoY
- EPS (diluted)
- $5.67
- +22.5% YoY
- ROE
- 114.0%
- +28.0 pp YoY
- Operating cash flow
- $1.5B
- −10.6% YoY
Source: XBRL data from the NetApp (NTAP) FY2025 10-K on SEC EDGAR. USD.
NetApp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: enterprise data management and storage solutions provider
- No new products, services, or segments introduced or emphasized in this filing
- Continued emphasis on corporate governance with updated Code of Conduct and Insider Trading Policy adherence
- Proxy Statement used extensively for executive compensation, ownership, and related-party information incorporation
- Noteworthy absence of operational or financial details in the business section, focus on governance and compliance
Risk Factors
- Regulatory risk from potential changes to SEC rules impacting automatic shelf registration, affecting future debt and equity offerings
- Geopolitical risk from $2.5B foreign subsidiary cash holdings exposed to currency and foreign market fluctuations
- Supply chain risk tied to ongoing access to critical technologies for Public Cloud segment expansions via acquisitions
- Competitive risk from market shifts towards public cloud solutions, pressuring NetApp's positioning against hyperscalers
- Financial risk from $3.25B Senior Notes maturing by 2035, including $750M due June 2025 requiring refinancing
Generated from the filing text; verify against the original. How to read a 10-K
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