Spirent Communications plc (LON:SPT)

Spirent Communications Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	471	460.2	474.3	607.5	576	522.4
Revenue Growth (YoY)	5.20%	-2.97%	-21.93%	5.47%	10.26%	3.73%
Cost of Revenue	129.3	128.7	130.7	170.4	151.3	139
Gross Profit	341.7	331.5	343.6	437.1	424.7	383.4
Selling, General & Admin	211.3	200.7	208	208.7	202.4	181.3
Research & Development	101.7	99	102.4	111.3	113.3	103.1
Operating Expenses	313	299.7	310.4	320	315.7	284.4
Operating Income	28.7	31.8	33.2	117.1	109	99
Interest Expense	-1.1	-1	-0.9	-1	-1.1	-1.4
Interest & Investment Income	4	4.1	4.8	2.1	0.3	1.4
Other Non Operating Income (Expenses)	-	-	-	-	-	-0.1
EBT Excluding Unusual Items	31.6	34.9	37.1	118.2	108.2	98.9
Merger & Restructuring Charges	-23.1	-21.1	-14.2	-3.6	-4.8	-
Other Unusual Items	-	-	-	-	0.2	-3.1
Pretax Income	8.5	13.8	22.9	114.6	103.6	95.8
Income Tax Expense	1.3	0.9	-2.3	14.7	14.4	11.4
Earnings From Continuing Operations	7.2	12.9	25.2	99.9	89.2	84.4
Net Income	7.2	12.9	25.2	99.9	89.2	84.4
Net Income to Common	7.2	12.9	25.2	99.9	89.2	84.4
Net Income Growth	-45.87%	-48.81%	-74.78%	12.00%	5.69%	8.21%
Shares Outstanding (Basic)	576	575	587	607	608	610
Shares Outstanding (Diluted)	581	580	591	611	614	616
Shares Change (YoY)	0.68%	-1.90%	-3.26%	-0.46%	-0.37%	-0.26%
EPS (Basic)	0.01	0.02	0.04	0.16	0.15	0.14
EPS (Diluted)	0.01	0.02	0.04	0.16	0.15	0.14
EPS Growth	-46.22%	-47.89%	-73.96%	12.52%	6.05%	8.55%
Free Cash Flow	29.3	44.6	25.4	109.4	92.7	111.7
Free Cash Flow Per Share	0.05	0.08	0.04	0.18	0.15	0.18
Dividend Per Share	-	-	0.028	0.076	0.068	0.060
Dividend Growth	-	-	-63.54%	11.98%	11.92%	12.06%
Gross Margin	72.55%	72.03%	72.44%	71.95%	73.73%	73.39%
Operating Margin	6.09%	6.91%	7.00%	19.28%	18.92%	18.95%
Profit Margin	1.53%	2.80%	5.31%	16.44%	15.49%	16.16%
Free Cash Flow Margin	6.22%	9.69%	5.36%	18.01%	16.09%	21.38%
EBITDA	41.7	45.5	48.8	133.4	126.4	112.6
EBITDA Margin	8.85%	9.89%	10.29%	21.96%	21.94%	21.55%
D&A For EBITDA	13	13.7	15.6	16.3	17.4	13.6
EBIT	28.7	31.8	33.2	117.1	109	99
EBIT Margin	6.09%	6.91%	7.00%	19.28%	18.92%	18.95%
Effective Tax Rate	15.29%	6.52%	-	12.83%	13.90%	11.90%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.