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Marvell Technology, Inc.

MRVL

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

1/31/2025

Revenue
5,767
Cost of Revenue
3,385
Gross Profit
2,382
Gross Margin
41.3%
Operating Income
-720
Operating Margin
-12.5%
Net Income
-885
Net Margin
-15.3%
EPS (Basic)
$-1.02
EPS (Diluted)
$-1.02
EBITDA
652
EBITDA Margin
11.3%

2024

1/31/2024

Revenue
5,508
Cost of Revenue
3,214
Gross Profit
2,294
Gross Margin
41.6%
Operating Income
-568
Operating Margin
-10.3%
Net Income
-933
Net Margin
-16.9%
EPS (Basic)
$-1.08
EPS (Diluted)
$-1.08
EBITDA
851
EBITDA Margin
15.4%

2023

1/31/2023

Revenue
5,920
Cost of Revenue
2,932
Gross Profit
2,988
Gross Margin
50.5%
Operating Income
238
Operating Margin
4.0%
Net Income
-164
Net Margin
-2.8%
EPS (Basic)
$-0.19
EPS (Diluted)
$-0.19
EBITDA
1,648
EBITDA Margin
27.8%

2022

1/31/2022

Revenue
4,462
Cost of Revenue
2,398
Gross Profit
2,064
Gross Margin
46.3%
Operating Income
-348
Operating Margin
-7.8%
Net Income
-421
Net Margin
-9.4%
EPS (Basic)
$-0.53
EPS (Diluted)
$-0.53
EBITDA
901
EBITDA Margin
20.2%

2021

1/31/2021

Revenue
2,969
Cost of Revenue
1,481
Gross Profit
1,488
Gross Margin
50.1%
Operating Income
-258
Operating Margin
-8.7%
Net Income
-277
Net Margin
-9.3%
EPS (Basic)
$-0.41
EPS (Diluted)
$-0.41
EBITDA
389
EBITDA Margin
13.1%