TSLA — Tesla, Inc. financials, 10-year statements & ratios
📉 Tesla reported fiscal 2025 revenue of $94.8 billion, marking a 2.93% decline from the previous year.
💰 Net income for FY2025 reached $3.9 billion with diluted EPS of $1.08.
🚀 Q2 FY2026 revenue surged 25.5% year-over-year to $28.2 billion.
📊 Gross margin stood at 16.8% in Q2 FY2026 while operating margin compressed to 1.41%.
💵 Free cash flow increased to $6.2 billion for the full fiscal year 2025.
🏦 Net debt was -$35.6 billion in Q2 FY2026, indicating a strong net cash position.
📈 Total debt rose 9.75% compared to the same quarter last year.
Bullish Signals
- Tesla generated $6.2 billion in free cash flow for fiscal 2025, demonstrating strong operational efficiency.
- Revenue grew 25.5% year-over-year to $28.2 billion in Q2 FY2026, signaling robust demand.
- The company maintained a net cash position of -$35.6 billion in Q2 FY2026, providing significant financial flexibility.
Risk Factors
- Fiscal 2025 revenue declined by 2.93% compared to the prior year.
- Operating margin compressed significantly to just 1.41% in Q2 FY2026 despite revenue growth.
Full Analysis
Tesla, Inc. reported fiscal year 2025 revenue of $94.8 billion, representing a decline of 2.93% compared to the prior year. Despite this revenue contraction, the company achieved net income of $3.9 billion and diluted earnings per share (EPS) of $1.08 for the full year. Free cash flow improved significantly to $6.2 billion during FY2025, highlighting strong operational efficiency despite top-line pressure.
In the second quarter of fiscal 2026, Tesla demonstrated robust growth with revenue surging 25.5% year-over-year to reach $28.2 billion. Net income for this quarter was $1.1 billion, supported by a gross margin of 16.8%. However, operating margins tightened considerably to just 1.41%, indicating potential headwinds in controlling costs relative to revenue expansion.
The company's balance sheet remains strong with net debt standing at -$35.6 billion in Q2 FY2026, reflecting substantial cash reserves. While total debt rose by 9.75% compared to the same quarter a year earlier, the massive cash position mitigates liquidity concerns. Analysts continue to track these metrics closely as Tesla navigates its transition period.