
Marvell Technology, Inc.
MRVLFinancial 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%