MARVELL TECHNOLOGY, INC (MRVL) FY2025 Q1 P&L / Income Statement

MARVELL TECHNOLOGY, INC (MRVL) FY2025 Q1 P&L / Income Statement

Income statement for 2024-02-04 through 2024-05-04. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net revenue

1,160,900,000 US dollars

Cost of goods sold

633,100,000 US dollars

Gross profit

527,800,000 US dollars

Operating expenses (calculated)

680,100,000 US dollars

Operating loss

negative 152,300,000 US dollars

Interest and other loss, net

negative 45,500,000 US dollars

Loss before income taxes

negative 197,800,000 US dollars

Provision (benefit) for income taxes

17,800,000 US dollars

Net loss

negative 215,600,000 US dollars

Direct customers

608,100,000 US dollars

Distributors

552,800,000 US dollars

Selling, general and administrative

199,900,000 US dollars

Research and development

476,100,000 US dollars

Restructuring related charges

4,100,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.