Below are the financial statements of Power Integrations, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net revenues | 418.97a | 444.54a | 651.14a |
| Cost of revenues | -194.22a | -215.58a | -284.23a |
| Gross profit | 224.75a | 228.96a | 366.91a |
| Operating expenses | — | — | — |
| Research and development | -100.79a | -96.07a | -93.89a |
| Sales and marketing | -67.83a | -64.6a | -62.57a |
| General and administrative | -38.21a | -33.23a | -28.9a |
| Other operating expenses, net | 0a | 0a | -1.13a |
| Total operating expenses | -206.82a | -193.9a | -186.5a |
| Income from operations | 17.93a | 35.06a | 180.41a |
| Other income | 12.83a | 10.85a | 3.01a |
| Income before income taxes | 30.75a | 45.91a | 183.43a |
| Provision (benefit) for income taxes | -1.48a | -9.83a | -12.58a |
| Net income | 32.23a | 55.74a | 170.85a |
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