Flex (FLEX) 10-K Summary — Year Ended Mar 31, 2025
Flex Ltd. reported its annual financial results for the most recent fiscal year. The filing covers the company's business operations, risk factors, and the completed spin-off of its former subsidiary Nextracker.
Key takeaway
Year ended Mar 31, 2025 · FY2026 10-K
Flex Ltd. reported its annual financial results for the most recent fiscal year. The filing covers the company's business operations, risk factors, and the completed spin-off of its former subsidiary Nextracker.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$25.8B
Revenue reported for the fiscal year.
Operating income
$1.2B
Income from operations reported for the year.
Net income
$838M
Net income reported for the year.
Operating cash flow
$1.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 28, 2024 | $6.3B | n/a |
| Sep 27, 2024 | $6.5B | +3.7% |
| Dec 31, 2024 | $6.6B | +0.2% |
| Mar 31, 2025 | $25.8B | +293.7% |
Business overview
Flex Ltd. is a company that operates in the manufacturing and supply chain solutions space. The filing indicates that the company previously held an indirect ownership stake in Nextracker, which was later spun off as a fully independent public company, and Flex no longer consolidates Nextracker's financial results.
Financial performance
For the reporting period, the company's reported revenue reached the stated figure, with operating income and net income at the disclosed levels. Operating cash flow was also reported at the indicated amount.
Material risks
The filing references a section on risk factors but does not provide the specific risk descriptions within the supplied context. The completed spin-off of Nextracker is noted as a structural change that may introduce related risks.
Liquidity and capital
The filing includes a liquidity and capital resources section, though no specific capital allocation policies or plans are detailed in the supplied context. The spin-off of Nextracker is described as a liquidity event that resulted in Flex shareholders receiving shares of Nextracker common stock.
What to watch
One item to monitor in the next filing is any update on the financial impact or residual effects following the complete separation from Nextracker.