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VICOR CORP (VICR) Annual Reports

Q: Where can I read VICOR CORP (VICR) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

VICOR CORP is listed on Nasdaq, classified by the SEC under Electronic Components, NEC (SIC 3679). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 751978 →

Website：Official site ↗

Financial Highlights

FY2026 Q1 (quarterly, ended 2026-03-31)
	Current	Prior year	YoY
Revenue	$113.0M	$94.0M	+20.2%
Operating income	$16.9M	$-149,000	+11431.5%
Net income	$20.7M	$2.5M	+713.9%
EPS (diluted)	$0.44	$0.06	+633.3%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 113 mn Net income 20.7 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1
Revenue	198	57.4	68.7	73.0	70.5	65.4	58.6	58.5	59.7	55.5	53.0	50.4	42.0	46.9	55.1	55.3	53.2	53.4	58.4	60.7	64.0	56.1	48.7	51.4	46.0	52.9	53.2	48.1	54.5	57.7	56.9	58.8	65.3	74.2	78.0	73.7	65.7	63.4	70.8	63.1	63.4	70.8	78.1	84.3	88.8	95.4	84.9	90.3	88.3	102	103	105	97.8	107	108	92.7	83.9	85.8	93.2	96.2	94.0	96.0	110	107	113
Gross profit	87.6	25.7	32.5	33.0	30.4	27.3	24.4	24.5	24.5	24.1	22.9	20.1	16.6	18.5	23.0	23.4	22.8	22.7	25.6	26.1	28.9	26.5	21.3	22.8	19.3	24.5	25.9	21.5	23.6	25.9	25.1	26.9	30.2	35.9	39.0	33.9	31.1	29.1	33.0	29.8	27.3	30.3	33.4	40.5	44.7	49.9	42.8	40.8	37.6	46.9	47.0	49.1	46.5	55.2	55.9	47.3	45.1	42.8	45.7	50.4	44.4	92.1	63.5	59.4	62.4
Operating income	4.77	4.64	11.4	10.5	6.42	4.38	1.67	1.21	0.46	0.71	0.3	-4.25	-8.50	-6.98	-1.35	-3.63	-5.44	-5.01	-4.13	-0.18	3.61	0.79	-2.22	-2.45	-5.43	-0.6	2.27	-2.56	-1.38	-0.54	0.1	0.46	3.69	8.32	13.0	7.01	4.49	2.38	6.05	0.9	-2.37	2.03	6.10	11.6	14.7	20.0	12.0	8.90	4.78	11.3	3.00	8.12	10.4	17.9	15.7	7.35	-16.1	0.21	5.39	9.21	-0.15	45.4	20.9	15.7	16.9
Net income	2.80	4.75	15.8	10.8	4.02	3.07	1.08	0.68	0.33	0.22	0.19	-4.81	-4.99	-4.62	-0.93	-13.1	-5.38	-4.83	-3.67	-0.04	3.37	0.81	2.50	-1.75	-5.35	-0.54	2.34	-2.69	-0.97	-0.46	-0.01	1.61	3.94	7.86	13.0	6.91	4.29	2.56	5.94	1.31	-1.73	2.67	5.79	11.2	15.1	19.4	13.3	8.88	5.00	10.6	1.79	8.06	11.2	17.1	16.6	8.67	-14.5	-1.20	11.6	10.3	2.54	41.2	28.3	46.5	20.7

Balance sheet

Quarterly · In mn (USD)

Total assets 805 mn Total liabilities 50.8 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1
Current assets	—	—	—	128	—	147	141	144	146	147	152	146	129	120	123	119	117	113	114	113	120	121	122	116	110	112	113	112	114	120	120	119	127	145	161	165	164	170	176	179	185	309	310	317	332	349	350	357	345	352	358	363	366	379	399	420	428	435	451	463	487	515	534	587	599
Total assets	—	—	—	205	—	215	208	208	208	209	210	203	188	177	181	166	163	158	159	156	161	162	163	158	152	154	155	154	157	164	166	166	174	191	208	221	225	231	238	241	247	373	380	396	418	446	459	477	489	513	527	537	544	561	584	595	605	613	633	641	665	694	710	786	805
Current liabilities	—	—	—	22.7	—	23.0	20.8	19.9	19.8	19.6	19.7	17.6	18.3	18.1	22.1	20.7	23.3	22.9	27.3	23.2	24.7	23.6	22.0	20.6	20.6	22.7	21.4	22.2	24.5	30.8	31.8	28.0	26.1	30.8	30.7	36.0	30.7	33.2	30.8	29.9	35.2	41.9	38.0	40.5	42.9	49.8	42.6	49.1	49.6	59.5	64.4	64.5	53.7	50.0	46.5	44.2	64.1	67.8	70.4	61.8	75.7	73.8	70.7	65.3	41.9
Total liabilities	—	—	—	—	—	—	—	—	—	—	—	20.6	—	—	24.8	23.3	25.8	25.3	29.1	25.0	26.5	25.4	23.7	21.5	21.6	23.6	22.3	23.1	25.3	31.5	32.5	29.3	27.3	31.9	31.7	37.0	34.3	36.3	35.2	34.9	39.7	46.1	42.5	45.1	47.1	53.5	47.2	53.3	57.2	68.3	74.2	72.6	63.6	59.6	55.4	53.8	73.1	75.8	77.9	70.8	84.5	84.6	79.9	74.0	50.8
Equity	156	—	—	175	—	184	180	181	182	182	183	178	163	153	152	139	134	130	127	128	132	134	137	135	130	130	133	131	131	132	133	136	146	159	176	184	190	194	202	206	207	326	337	351	370	393	411	424	432	445	453	464	480	501	529	541	532	537	555	570	580	609	630	712	754

Cash flow

Quarterly · In mn (USD)

Operating -3.94 mn Investing -12.4 mn Financing 17.8 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1
Operating	24.8	4.55	6.44	5.91	9.91	7.19	4.56	4.75	7.52	5.36	1.42	2.93	-1.68	-2.53	1.54	-2.01	-4.48	2.26	3.67	0.74	5.07	7.21	0.67	-1.48	-0.83	-3.17	2.42	2.13	-1.35	0.64	1.34	-3.10	-0.81	9.34	14.3	13.3	-2.12	7.36	11.3	5.67	-0.98	4.65	11.6	19.3	17.8	12.3	10.1	14.2	4.59	10.8	6.60	0.93	10.1	19.0	23.8	21.5	2.58	15.6	22.6	10.1	20.1	65.2	38.5	15.7	-3.94
Investing	-5.91	1.85	6.07	-4.15	-2.79	5.74	-1.26	0.84	-1.12	-1.44	1.03	-2.55	-0.89	-1.26	-1.22	-1.71	-1.58	-1.83	-1.36	0.75	-1.23	-1.76	2.65	-3.93	-2.10	-2.49	-1.80	-2.13	-2.71	-2.98	-4.48	-2.36	-1.95	-1.66	-3.33	-11.3	-3.32	-2.66	-3.16	-3.35	-2.92	-5.70	-8.07	-61.9	-55.0	18.4	4.95	-12.0	2.32	-14.2	-14.4	7.31	-10.1	-8.54	-7.66	-7.16	-7.27	-6.14	-8.45	-1.74	-4.55	-6.20	-4.02	-5.54	-12.4
Financing	-1.27	-0.07	-12.4	0.77	0.05	0.42	-6.24	-0.59	0.06	0	0.03	-0.35	-10.3	-6.69	0	-1.07	0.01	0.02	0.12	0.48	0.31	0.38	0.1	-0.18	-0.35	0.09	0.29	1.09	0.72	0.94	0.68	0.74	1.19	3.60	3.38	0.22	1.54	0.07	1.62	1.14	1.97	115	3.36	0.71	3.00	1.64	3.82	1.62	1.81	0.16	2.17	0.29	2.26	0.46	7.78	0.1	1.76	3.38	1.41	1.44	3.17	-16.6	-10.6	30.4	17.8
Cash at period end	40.2	46.6	46.8	49.3	56.4	69.8	66.9	71.9	78.3	82.2	84.8	84.5	71.4	60.8	61.2	56.3	50.3	50.8	53.2	55.2	59.3	65.2	68.6	63.0	59.7	54.1	55.1	56.2	52.8	51.4	48.9	44.2	42.7	53.9	68.2	70.6	66.6	71.5	81.2	84.7	82.8	197	204	162	127	160	179	182	191	188	182	191	193	204	228	242	239	252	268	277	296	339	362	403	404

Profitability

Quarterly · %

Gross margin 55.2% Operating margin 14.9% Net margin 18.3%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1
Gross margin	44.3%	44.9%	47.3%	45.2%	43.2%	41.8%	41.7%	41.8%	41.0%	43.5%	43.4%	39.9%	39.6%	39.4%	41.7%	42.4%	42.8%	42.5%	43.8%	43.0%	45.1%	47.2%	43.7%	44.4%	42.0%	46.2%	48.7%	44.7%	43.4%	44.9%	44.2%	45.8%	46.3%	48.4%	50.0%	46.0%	47.3%	46.0%	46.6%	47.1%	43.1%	42.9%	42.7%	48.0%	50.3%	52.3%	50.4%	45.2%	42.6%	45.9%	45.5%	46.6%	47.6%	51.7%	51.8%	51.1%	53.8%	49.8%	49.1%	52.4%	47.2%	95.9%	57.5%	55.4%	55.2%
Operating margin	2.4%	8.1%	16.6%	14.4%	9.1%	6.7%	2.9%	2.1%	0.8%	1.3%	0.6%	-8.4%	-20.3%	-14.9%	-2.5%	-6.6%	-10.2%	-9.4%	-7.1%	-0.3%	5.6%	1.4%	-4.6%	-4.8%	-11.8%	-1.1%	4.3%	-5.3%	-2.5%	-0.9%	0.2%	0.8%	5.7%	11.2%	16.7%	9.5%	6.8%	3.8%	8.6%	1.4%	-3.7%	2.9%	7.8%	13.8%	16.6%	21.0%	14.1%	9.9%	5.4%	11.1%	2.9%	7.7%	10.7%	16.7%	14.6%	7.9%	-19.2%	0.3%	5.8%	9.6%	-0.2%	47.3%	18.9%	14.6%	14.9%
Net margin	1.4%	8.3%	23.0%	14.8%	5.7%	4.7%	1.9%	1.2%	0.6%	0.4%	0.4%	-9.6%	-11.9%	-9.8%	-1.7%	-23.7%	-10.1%	-9.1%	-6.3%	-0.1%	5.3%	1.4%	5.1%	-3.4%	-11.6%	-1.0%	4.4%	-5.6%	-1.8%	-0.8%	-0.0%	2.7%	6.0%	10.6%	16.7%	9.4%	6.5%	4.0%	8.4%	2.1%	-2.7%	3.8%	7.4%	13.3%	17.0%	20.3%	15.6%	9.8%	5.7%	10.4%	1.7%	7.6%	11.5%	16.0%	15.4%	9.4%	-17.3%	-1.4%	12.4%	10.7%	2.7%	42.9%	25.6%	43.4%	18.3%

Returns & leverage

Quarterly · %

ROE 20.5% ROA 18.6% Debt ratio 6.3%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1
ROE	—	—	—	19.5%	—	18.3%	10.6%	5.0%	2.8%	1.3%	0.8%	-2.3%	-5.5%	-8.5%	-9.2%	-14.9%	-16.2%	-17.1%	-19.3%	-10.4%	-3.9%	0.3%	5.0%	3.8%	-2.9%	-3.9%	-4.0%	-4.7%	-1.4%	-1.4%	-3.1%	0.1%	3.7%	9.2%	17.1%	19.8%	19.1%	15.2%	10.4%	7.2%	4.1%	3.1%	3.0%	6.4%	12.0%	14.3%	15.8%	14.6%	11.6%	9.0%	6.1%	5.7%	7.0%	8.1%	10.8%	10.7%	5.5%	1.9%	0.8%	1.1%	4.2%	11.4%	13.9%	18.5%	20.5%
ROA	—	—	—	16.7%	—	15.7%	9.1%	4.3%	2.5%	1.1%	0.7%	-2.0%	-4.7%	-7.4%	-7.9%	-12.8%	-13.7%	-14.4%	-15.9%	-8.7%	-3.2%	0.3%	4.1%	3.1%	-2.4%	-3.3%	-3.3%	-4.0%	-1.2%	-1.1%	-2.6%	0.1%	3.1%	7.6%	14.1%	16.4%	16.1%	12.7%	8.8%	6.1%	3.4%	2.7%	2.6%	5.6%	10.5%	12.6%	14.1%	13.0%	10.3%	7.9%	5.3%	5.0%	6.1%	7.1%	9.5%	9.5%	4.8%	1.6%	0.8%	1.0%	3.6%	10.0%	12.3%	16.6%	18.6%
Debt ratio	—	—	—	—	—	—	—	—	—	—	—	10.2%	—	—	13.7%	14.1%	15.8%	16.0%	18.4%	16.1%	16.4%	15.7%	14.5%	13.6%	14.2%	15.3%	14.4%	15.0%	16.2%	19.3%	19.5%	17.7%	15.7%	16.7%	15.3%	16.7%	15.3%	15.7%	14.8%	14.5%	16.1%	12.4%	11.2%	11.4%	11.3%	12.0%	10.3%	11.2%	11.7%	13.3%	14.1%	13.5%	11.7%	10.6%	9.5%	9.0%	12.1%	12.4%	12.3%	11.1%	12.7%	12.2%	11.3%	9.4%	6.3%

EPS

Quarterly · US$

EPS US$0.44

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1
EPS（US$）	0.07	0.11	0.38	0.26	0.10	0.07	0.03	0.01	0.01	0.01	0.00	-0.12	-0.12	-0.12	-0.02	-0.33	-0.14	-0.13	-0.10	0.00	0.09	0.02	0.06	-0.04	-0.14	-0.01	0.06	-0.07	-0.02	-0.01	0.00	0.04	0.10	0.19	0.32	0.17	0.10	0.06	0.14	0.03	-0.04	0.06	0.13	0.25	0.34	0.43	0.29	0.20	0.11	0.24	0.04	0.18	0.25	0.38	0.37	0.19	-0.33	-0.03	0.26	0.23	0.06	0.91	0.63	1.02	0.44

Revenue & profit

Year-to-date · In mn (USD)

Revenue 113 mn Net income 20.7 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 805 mn Total liabilities 50.8 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating -3.94 mn Investing -12.4 mn Financing 17.8 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 55.2% Operating margin 14.9% Net margin 18.3%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 20.5% ROA 18.6% Debt ratio 6.3%

EPS

Year-to-date · US$

EPS US$0.44

Revenue & profit

Annual · In mn (USD)

Revenue 408 mn Net income 119 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	253	219	199	226	220	200	228	291	263	297	359	399	405	359	408
Gross profit	107	91.7	81.5	97.1	99.5	91.2	102	139	123	131	178	181	205	184	259
Operating income	13.7	-2.78	-20.5	-14.8	-0.27	-6.31	-1.36	32.1	13.8	17.4	55.6	27.2	51.4	-1.31	81.8
Net income	8.84	-4.08	-23.6	-13.9	4.93	-6.25	0.17	31.7	14.1	17.9	56.6	25.4	53.6	6.13	119

Balance sheet

Annual · In mn (USD)

Total assets 786 mn Total liabilities 74.0 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	144	146	119	113	116	112	119	165	179	317	357	363	420	463	587
Total assets	208	203	166	156	158	154	166	221	241	396	477	537	595	641	786
Current liabilities	19.9	17.6	20.7	23.2	20.6	22.2	28.0	36.0	29.9	40.5	49.1	64.5	44.2	61.8	65.3
Total liabilities	—	20.6	23.3	25.0	21.5	23.1	29.3	37.0	34.9	45.1	53.3	72.6	53.8	70.8	74.0
Equity	181	178	139	128	135	131	136	184	206	351	424	464	541	570	712

Cash flow

Annual · In mn (USD)

Operating 140 mn Investing -20.3 mn Financing 6.32 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	26.4	17.2	-4.69	2.19	11.5	0.54	-2.46	36.2	22.2	34.5	54.4	22.9	74.5	50.8	140
Investing	2.53	-4.08	-5.08	-4.03	-4.27	-8.52	-12.5	-18.2	-12.5	-78.6	-43.7	-19.0	-33.5	-23.6	-20.3
Financing	-6.38	-0.26	-18.1	0.63	0.6	1.11	3.08	8.39	4.37	121	10.1	4.44	10.6	7.99	6.32
Cash at period end	71.9	84.5	56.3	55.2	63.0	56.2	44.2	70.6	84.7	162	182	191	242	277	403

Profitability

Annual · %

Gross margin 63.6% Operating margin 20.1% Net margin 29.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	42.2%	41.9%	40.9%	43.0%	45.2%	45.5%	44.6%	47.7%	46.8%	44.3%	49.6%	45.2%	50.6%	51.2%	63.6%
Operating margin	5.4%	-1.3%	-10.3%	-6.5%	-0.1%	-3.1%	-0.6%	11.0%	5.3%	5.9%	15.5%	6.8%	12.7%	-0.4%	20.1%
Net margin	3.5%	-1.9%	-11.9%	-6.2%	2.2%	-3.1%	0.1%	10.9%	5.4%	6.0%	15.8%	6.4%	13.2%	1.7%	29.1%

Returns & leverage

Annual · %

ROE 18.5% ROA 16.6% Debt ratio 9.4%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	4.9%	-2.3%	-14.9%	-10.4%	3.8%	-4.7%	0.1%	19.8%	7.2%	6.4%	14.6%	5.7%	10.7%	1.1%	18.5%
ROA	4.3%	-2.0%	-12.8%	-8.7%	3.1%	-4.0%	0.1%	16.4%	6.1%	5.6%	13.0%	5.0%	9.5%	1.0%	16.6%
Debt ratio	—	10.2%	14.1%	16.1%	13.6%	15.0%	17.7%	16.7%	14.5%	11.4%	11.2%	13.5%	9.0%	11.1%	9.4%

EPS

Annual · US$

EPS US$2.62

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	0.21	-0.10	-0.59	-0.37	0.13	-0.16	0.01	0.78	0.33	0.40	1.26	0.57	1.19	0.13	2.62

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read VICOR CORP (VICR) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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