Ambarella, Inc. Announces Second Quarter Fiscal Year 2025 Financial Results
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AMBARELLA, INC. | |
CONDENSED CONSOLIDATED BALANCE SHEETS | |
(unaudited, in thousands) | | | | | | | |
July 31, | |
January 31, | | | |
2024 | | | |
2024 | | | | | | | |
ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 153,925 | | | $ | 144,914 | | | Marketable debt securities | | 65,880 | | | | 75,013 | | | Accounts receivable, net | | 23,160 | | | | 24,950 | | | Inventories | | 30,660 | | | | 29,043 | | | Restricted cash | | 7 | | | | 7 | | | Prepaid expenses and other current assets | | 6,051 | | | | 6,230 | | | Total current assets | | 279,683 | | | | 280,157 | | | | | | | | Property and equipment, net | | 9,042 | | | | 10,439 | | | Deferred tax assets | | 163 | | | | 234 | | | Intangible assets, net | | 48,404 | | | | 55,136 | | | Operating lease right-of-use assets, net | | 6,744 | | | | 5,250 | | | Goodwill | | 303,625 | | | | 303,625 | | | Other non-current assets | | 2,673 | | | | 2,814 | | | | | | | | Total assets | $ | 650,334 | | | $ | 657,655 | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | Current liabilities: | | | | | Accounts payable | | 19,443 | | | | 28,503 | | | Accrued and other current liabilities | | 62,400 | | | | 48,598 | | | Operating lease liabilities, current | | 3,652 | | | | 3,443 | | | Income taxes payable | | 809 | | | | 1,541 | | | Deferred revenue, current | | 5,152 | | | | 894 | | | Total current liabilities | | 91,456 | | | | 82,979 | | | | | | | | Operating lease liabilities, non-current | | 3,101 | | | | 1,896 | | | Other long-term liabilities | | 8,226 | | | | 12,909 | | | | | | | | Total liabilities | | 102,783 | | | | 97,784 | | | | | | | | Shareholders' equity: | | | | | Preference shares | | — | | | | — | | | Ordinary shares | | 19 | | | | 18 | | | Additional paid-in capital | | 755,449 | | | | 694,967 | | | Accumulated other comprehensive loss | | (165 | ) | | | (183 | ) | | Accumulated deficit | | (207,752 | ) | | | (134,931 | ) | | Total shareholders’ equity | | 547,551 | | | | 559,871 | | | | | | | | Total liabilities and shareholders' equity | $ | 650,334 | | | $ | 657,655 | | | | | | |
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