VICR VICOR CORP
FY2025 10-K
VICOR CORP (VICR) filed its fiscal year 2025 10-K annual report with the SEC on Mar 2, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business model: Design, manufacture, and market modular power components and systems for efficient DC and AC voltage conversion across diverse electronic applications
- • Emphasis on proprietary Factorized Power Architecture (FPA) Advanced Products driving higher efficiency and power density, with increasing revenue share reaching ~61% in 2025
Management Discussion & Analysis
- • Revenue $407.7M in 2025, up 13.5% YoY from $359.1M in 2024; Advanced Products revenue $248.6M (+26.0%), Brick Products $159.1M (-1.6%)
- • Gross margin 57.3% in 2025 vs 51.2% in 2024, gross margin dollars $259.4M vs $184.0M, boosted by $45M patent litigation settlement and higher sales volume
Risk Factors
- • Regulatory risk from Section 301 Tariffs on Chinese imports costing $7.375M in 2025, up 76.1% YoY, reducing gross profit margin by 1.8% of net revenues
- • Geopolitical risk from U.S.-China trade disputes and export controls impacting 11.9% of revenues from China/Hong Kong customers in 2025
Financial SummaryXBRL
Revenue
$408M
Net Income
$119M
Gross Margin
63.6%
Operating Margin
20.1%
Net Margin
29.1%
ROE
16.7%
Total Assets
$786M
EPS (Diluted)
$2.61
Operating Cash Flow
$140M
Source: XBRL data from VICOR CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
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