Dolby (DLB)

NYSE Information Technology Application Software S&P MidCap 400

$64.83

+0.01 (+0.02%)

Close of Nov 06, 2026 · end-of-day data

Source: Dolby's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.03B	$1.08B	$1.05B	$1.24B	$1.16B	$1.28B	$1.25B	$1.30B	$1.27B	$1.35B
Cost of revenue	$108.98M	$118.53M	$127.56M	$160.85M	$146.50M	$130.03M	$141.36M	$152.57M	$140.50M	$160.13M
Gross profit	$916.76M	$961.65M	$927.04M	$1.08B	$1.02B	$1.15B	$1.11B	$1.15B	$1.13B	$1.19B
Research & development	$219.61M	$233.31M	$236.79M	$237.87M	$239.04M	$253.64M	$261.17M	$271.52M	$263.66M	$261.79M
Operating income	$231.79M	$247.13M	$183.50M	$257.08M	$218.74M	$344.39M	$206.60M	$215.75M	$258.33M	$264.96M
Interest expense	$125.00K	$127.00K	$198.00K	$170.00K	$186.00K	$479.00K	$394.00K	—	—	—
Pre-tax income	$235.90M	$255.15M	$196.37M	$282.31M	$239.72M	$354.51M	$215.28M	$250.05M	$312.48M	$303.49M
Income tax	$49.50M	$48.04M	$154.07M	$26.80M	$8.10M	$36.69M	$31.38M	$48.41M	$48.16M	$46.99M
Net income	$185.86M	$206.48M	$41.75M	$255.15M	$231.36M	$310.23M	$184.09M	$200.66M	$261.82M	$255.02M
EBITDA	$316.95M	$331.44M	$264.79M	$342.20M	$309.62M	$440.25M	$295.07M	$298.31M	$333.88M	$352.79M
EPS (basic)	$1.85	$2.03	$0.40	$2.51	$2.30	$3.07	$1.84	$2.10	$2.74	$2.66
EPS (diluted)	$1.81	$2.00	$0.39	$2.44	$2.25	$2.97	$1.81	$2.05	$2.69	$2.62
Diluted shares	102.42M	103.29M	106.98M	104.57M	102.94M	104.62M	101.98M	97.73M	97.33M	97.48M
Gross margin	89.4%	89.0%	87.9%	87.0%	87.4%	89.9%	88.7%	88.3%	89.0%	88.1%
Operating margin	22.6%	22.9%	17.4%	20.7%	18.8%	26.9%	16.5%	16.6%	20.3%	19.6%
Net margin	18.1%	19.1%	4.0%	20.5%	19.9%	24.2%	14.7%	15.4%	20.6%	18.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$519.76M	$634.37M	$918.06M	$797.21M	$1.07B	$1.23B	$620.13M	$745.36M	$482.05M	$701.89M
Short-term investments	$121.63M	$247.76M	$178.14M	$119.15M	$46.95M	$38.84M	$189.21M	$139.15M	$0	$703.00K
Receivables	$75.69M	$73.75M	$166.13M	$189.12M	$180.34M	$232.61M	$243.59M	$262.25M	$315.46M	$331.10M
Inventory	$16.35M	$25.05M	$26.21M	$32.33M	$25.55M	$10.96M	$23.55M	$35.62M	$33.73M	$30.42M
Total current assets	$759.73M	$1.01B	$1.50B	$1.38B	$1.55B	$1.76B	$1.31B	$1.49B	$1.19B	$1.39B
Goodwill	$309.62M	$311.09M	$327.98M	$334.83M	$336.94M	$340.69M	$365.15M	$408.41M	$533.21M	$529.90M
Total assets	$2.31B	$2.53B	$2.87B	$2.82B	$2.92B	$3.11B	$2.69B	$2.98B	$3.11B	$3.23B
Total current liabilities	$213.08M	$245.77M	$285.20M	$306.85M	$267.11M	$315.72M	$277.52M	$422.23M	$417.84M	$437.79M
Total liabilities	$331.37M	$389.71M	$494.88M	$508.72M	$478.92M	$501.45M	$438.53M	$607.58M	$623.03M	$595.81M
Shareholders' equity	$1.97B	$2.14B	$2.36B	$2.31B	$2.43B	$2.60B	$2.25B	$2.36B	$2.48B	$2.62B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$360.06M	$377.79M	$352.20M	$327.67M	$343.85M	$447.75M	$318.58M	$367.08M	$327.25M	$472.20M
Capital expenditures	$100.76M	$99.62M	$72.81M	$96.28M	$66.35M	$54.45M	$47.93M	$30.34M	$30.01M	$36.35M
Free cash flow	$259.30M	$278.18M	$279.39M	$231.39M	$277.50M	$393.30M	$270.65M	$336.74M	$297.25M	$435.85M
Investing cash flow	-$282.50M	-$158.03M	$78.09M	-$56.23M	$134.37M	-$44.91M	-$295.94M	$54.21M	-$286.29M	-$10.59M
Financing cash flow	-$91.99M	-$106.83M	-$133.63M	-$385.28M	-$207.78M	-$252.51M	-$610.56M	-$236.81M	-$287.81M	-$247.24M
Dividends paid	$48.40M	$57.06M	$66.16M	$77.50M	$88.58M	$89.17M	$100.07M	$103.41M	$114.58M	$126.60M
Share buybacks	$100.85M	$100.00M	$150.47M	$340.58M	$173.74M	$245.86M	$530.49M	$149.28M	$160.00M	$124.99M
Stock-based compensation	$66.98M	$65.34M	$71.25M	$76.58M	$86.63M	$99.70M	$114.92M	$118.49M	$119.83M	$128.51M
Depreciation & amortization	$85.15M	$84.31M	$81.28M	$85.12M	$90.88M	$95.86M	$88.46M	$82.56M	$75.56M	$87.83M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$290.56M	$315.57M	$364.52M	$288.82M	$304.81M	$357.00M	$369.56M	$315.55M	$307.02M	$346.71M	$395.63M	$305.00M
Cost of revenue	$35.55M	$32.06M	$38.78M	$35.66M	$34.00M	$40.77M	$35.84M	$44.00M	$39.52M	$43.21M	$44.73M	$40.32M
Gross profit	$255.01M	$283.51M	$325.75M	$253.16M	$270.81M	$316.23M	$333.72M	$271.54M	$267.50M	$303.50M	$350.90M	$264.68M
Research & development	$70.43M	$67.03M	$62.49M	$65.50M	$68.64M	$66.64M	$61.71M	$65.98M	$67.47M	$69.08M	$63.65M	$65.75M
Operating income	-$3.49M	$66.22M	$108.97M	$36.78M	$46.35M	$79.88M	$107.76M	$47.64M	$29.68M	$62.16M	$112.95M	$34.32M
Pre-tax income	$9.03M	$80.83M	$121.75M	$50.16M	$59.73M	$86.05M	$120.25M	$55.52M	$41.67M	$71.60M	$119.70M	$43.80M
Income tax	-$875.00K	$13.25M	$23.53M	$10.51M	$868.00K	$17.98M	$28.02M	$8.97M	-$8.01M	$17.92M	$24.25M	$14.59M
Net income	$9.19M	$66.98M	$97.83M	$38.44M	$58.57M	$67.82M	$91.79M	$46.07M	$49.33M	$53.33M	$94.92M	$28.60M
EBITDA	$17.64M	$84.09M	$126.99M	$55.09M	$67.71M	$102.24M	$129.30M	$69.57M	$51.67M	$86.31M	$137.04M	$56.92M
EPS (basic)	$0.10	$0.70	$1.02	$0.40	$0.61	$0.71	$0.95	$0.48	$0.52	$0.56	$1.00	$0.30
EPS (diluted)	$0.09	$0.69	$1.01	$0.40	$0.60	$0.70	$0.94	$0.48	$0.51	$0.55	$0.99	$0.30
Diluted shares	145.00K	97.44M	96.86M	96.96M	-87.00K	97.15M	97.47M	96.90M	-58.00K	96.52M	95.52M	94.52M
Gross margin	87.8%	89.8%	89.4%	87.7%	88.8%	88.6%	90.3%	86.1%	87.1%	87.5%	88.7%	86.8%
Operating margin	-1.2%	21.0%	29.9%	12.7%	15.2%	22.4%	29.2%	15.1%	9.7%	17.9%	28.5%	11.3%
Net margin	3.2%	21.2%	26.8%	13.3%	19.2%	19.0%	24.8%	14.6%	16.1%	15.4%	24.0%	9.4%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$745.36M	$656.82M	$709.53M	$741.64M	$482.05M	$520.82M	$626.55M	$698.57M	$701.89M	$643.85M	$594.28M	$669.39M
Short-term investments	$139.15M	$140.82M	$115.86M	$127.32M	$0	—	—	$763.00K	$703.00K	$739.00K	$460.00K	$652.00K
Receivables	$262.25M	$293.23M	$282.13M	$285.84M	$315.46M	$339.30M	$314.11M	$297.61M	$331.10M	$373.09M	$391.29M	$285.15M
Inventory	$35.62M	$37.57M	$35.80M	$34.72M	$33.73M	$31.83M	$34.59M	$32.41M	$30.42M	$31.26M	$31.93M	$30.77M
Total current assets	$1.49B	$1.45B	$1.55B	$1.47B	$1.19B	$1.29B	$1.39B	$1.34B	$1.39B	$1.41B	$1.41B	$1.33B
Goodwill	$408.41M	$410.44M	$408.65M	$408.46M	$533.21M	$520.42M	$525.02M	$528.82M	$529.90M	$530.30M	$529.67M	$528.34M
Total assets	$2.98B	$2.94B	$3.04B	$2.97B	$3.11B	$3.16B	$3.23B	$3.20B	$3.23B	$3.19B	$3.25B	$3.16B
Total current liabilities	$422.23M	$394.10M	$442.90M	$354.54M	$417.84M	$441.88M	$457.49M	$388.79M	$437.79M	$443.51M	$474.61M	$416.33M
Total liabilities	$607.58M	$573.22M	$607.04M	$526.20M	$623.03M	$641.57M	$646.02M	$581.75M	$595.81M	$589.25M	$622.36M	$563.89M
Shareholders' equity	$2.36B	$2.35B	$2.42B	$2.43B	$2.48B	$2.51B	$2.57B	$2.60B	$2.62B	$2.59B	$2.62B	$2.58B

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$85.02M	$8.41M	$181.41M	$21.26M	$116.17M	$106.78M	$174.90M	$67.69M	$122.83M	$54.80M	$92.51M	$167.46M
Capital expenditures	$8.19M	$6.10M	$8.92M	$7.61M	$7.38M	$6.78M	$6.90M	$6.43M	$16.24M	$4.63M	$9.06M	$14.99M
Free cash flow	$76.83M	$2.31M	$172.49M	$13.65M	$108.79M	$100.00M	$168.00M	$61.26M	$106.59M	$50.17M	$83.44M	$152.47M
Investing cash flow	-$19.71M	$633.00K	-$17.87M	-$7.74M	-$261.31M	-$8.14M	$25.89M	-$6.43M	-$21.91M	$1.25M	-$46.09M	-$9.79M
Financing cash flow	-$42.80M	-$125.14M	-$44.16M	-$58.40M	-$60.12M	-$57.57M	-$64.87M	-$60.74M	-$64.06M	-$121.83M	-$99.88M	-$91.02M
Dividends paid	$25.82M	$28.55M	$28.72M	$28.70M	$28.61M	$31.55M	$31.83M	$31.63M	$31.59M	$34.34M	$34.34M	$33.98M
Share buybacks	$25.00M	$80.00M	$25.00M	$35.00M	$20.00M	$15.00M	$35.00M	$70.00M	$35.00M	$70.00M	$65.00M	$65.00M
Stock-based compensation	$28.20M	$31.89M	$28.91M	$29.34M	$29.68M	$36.07M	$30.66M	$30.73M	$31.05M	$37.21M	$30.71M	$30.96M
Depreciation & amortization	$21.13M	$17.87M	$18.02M	$18.31M	$21.36M	$22.36M	$21.54M	$21.93M	$22.00M	$24.14M	$24.10M	$22.60M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.