Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $561M | $731M | $767M | $1.37B | $1.99B | $2.56B | $3.33B | $4.18B |
| Revenue growth | — | 30.5% | 4.9% | 78.3% | 45.8% | 28.7% | 29.9% | 25.5% |
| Gross profit | $141M | $173M | $178M | $278M | — | — | — | — |
| Gross margin | 25.1% | 23.7% | 23.2% | 20.4% | — | — | — | — |
| Operating income | -$13.1M | -$4.40M | -$57.6M | -$49.2M | $94.7M | $115M | $247M | $351M |
| Operating margin | -2.3% | -0.6% | -7.5% | -3.6% | 4.8% | 4.5% | 7.4% | 8.4% |
| Net income | -$55.4M | -$56.6M | -$18.4M | -$48.2M | $75.1M | $86.0M | $230M | $119M |
| Net margin | -9.9% | -7.7% | -2.4% | -3.5% | 3.8% | 3.4% | 6.9% | 2.8% |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $25.5M | $26.7M | $4.00M | $3.00M | $275M | $346M | $500M | $634M |
| Capital expenditures | $1.60M | $8.20M | $4.80M | $8.20M | $8.00M | $14.0M | $7.00M | $10.0M |
| Free cash flow | $23.9M | $18.5M | -$800K | -$5.20M | $267M | $332M | $493M | $624M |
| Share buybacks | — | $0.00 | $0.00 | $19.5M | $186M | $105M | $146M | $453M |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | $3.70M | $928M | $1.23B | $703M | $455M | $1.21B | $964M |
| Total assets | — | $784M | $1.78B | $2.34B | $2.55B | $3.39B | $5.04B | $8.71B |
| Total liabilities | — | $774M | $1.11B | $1.94B | $2.07B | $2.52B | $4.02B | $6.76B |
| Long-term debt | — | $635M | $1.01B | $1.74B | $1.74B | $1.75B | $2.15B | $4.54B |
| Shareholders' equity | $35.9M | -$32.9M | $460M | $273M | $347M | $653M | $807M | $1.44B |
| Retained earnings | -$119M | -$182M | -$279M | -$325M | -$364M | -$347M | -$228M | -$467M |
| Shares (wtd avg diluted) | — | — | 78.0M | — | 3.86M | 1.94M | 1.67M | 1.33M |
Every figure is extracted from Shift4 Payments, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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