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Screener / SEC EDGAR /CIK 0001045810 /10-K filed Feb 25, 2026, compared with Feb 26, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
NVDAMSFTMUAVGOAAPLDELL
Nasdaq Technology · Semiconductors

Nvidia NVDA

NVDA quote by TradingView

NVIDIA pioneered accelerated computing to help solve the most challenging computational problems. 10-K, Item 1

Employees
42,000
Headquarters
Santa Clara, CA
CEO
Jen Hsun Huang
Next results
around Nov 18, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $215.9B through the costs to a net profit of $120.1B · income statement of the 10-K

60% operating margin
Revenue to Gross profit: $153.5BRevenue to Cost of revenue: $62.5BGross profit to Operating profit: $130.4BGross profit to Operating expenses: $23.1BOperating profit to Net profit: $109.0BOperating profit to Tax: $21.4BOther income to Net profit: $11.1BOperating expenses to R&D: $18.5BOperating expenses to SG&A: $4.6B Revenue: $215.9B REVENUE $215.9B +65% Y/Y Gross profit: $153.5B · 71% margin GROSS PROFIT $153.5B 71% margin · +57% Y/Y Cost of revenue: $62.5B · 29% of revenue COST OF REVENUE $62.5B 29% of revenue Operating profit: $130.4B · 60% margin OPERATING PROFIT $130.4B 60% margin · +60% Y/Y Other income: $11.1B · 5% of revenue OTHER INCOME $11.1B 5% of revenue Operating expenses: $23.1B · 11% of revenue OPERATING EXPENSES $23.1B 11% of revenue Net profit: $120.1B · 56% margin NET PROFIT $120.1B 56% margin · +65% Y/Y Tax: $21.4B · 10% of revenue TAX $21.4B 10% of revenue R&D: $18.5B · 9% of revenue R&D $18.5B 9% of revenue SG&A: $4.6B · 2% of revenue SG&A $4.6B 2% of revenue
Gross profit $153.5B 71% margin · +57% Y/Y
Operating profit $130.4B 60% margin · +60% Y/Y
Net profit $120.1B 56% margin · +65% Y/Y
The full income statement, year by year

NVDA among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 65.5%, above 95% of 74 peers (their median 14.0%) REVENUE GROWTH 65.5% · above 95% Gross margin: 74.7%, above 79% of 67 peers (their median 56.4%) GROSS MARGIN 74.7% · above 79% Operating margin: 65.2%, above 96% of 70 peers (their median 22.2%) OPERATING MARGIN 65.2% · above 96% Net margin: 63.7%, above 96% of 74 peers (their median 18.9%) NET MARGIN 63.7% · above 96% FCF margin: 41.9%, above 89% of 70 peers (their median 22.3%) FCF MARGIN 41.9% · above 89% Return on capital: 42.2%, above 92% of 61 peers (their median 12.6%) RETURN ON CAPITAL 42.2% · above 92%
NVDA Peer median Below the median

What changed

28 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 25, 2026 against Feb 26, 2025.

Risk factors
28 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Cash from operations lower than net income
Cash from operations $102.7B vs net income $120.1B (FY ending Jan 25, 2026)
10-K · XBRL
Inventory growing faster than revenue
Inventory +112.3% vs revenue +65.5% (+46.9 pts)
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
0 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Cash from operations lower than net income
    Cash from operations $102.7B vs net income $120.1B (FY ending Jan 25, 2026)
  • Inventory growing faster than revenue
    Inventory +112.3% vs revenue +65.5% (+46.9 pts)
  • Receivables +66.8% vs revenue +65.5% (+1.3 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Valuation of Inventories - Provisions for Excess or Obsolete Inventories and Excess Product Purchase Commitments
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

28 paragraphs in Risk Factors that were not in the 10-K filed Feb 26, 2025. Quoted as filed.

All 28 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    We have entered into an intellectual property license arrangement with Groq, Inc., or Groq, that required significant, nonrefundable payments. Successfully incorporating the licensed technology into our architectures and product roadmaps requires significant engineering effort and may not occur on expected timelines or at all. The…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    We are increasing our U.S.-based manufacturing and investing in specialized equipment and processes to support domestic production. We may experience delays or difficulties in scaling production as planned. Our ability to increase manufacturing capabilities will depend on the domestic manufacturing ecosystem's capacity to ramp…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    Individuals, groups of hackers and sophisticated organizations, including nation-states and nation-state-supported actors, and other threat actors have engaged and are expected to continue to engage in cyber-attacks. Additionally, some actors are using AI technology to launch more automated, targeted and coordinated attacks. Due to…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    Factors that have caused and/or could in the future cause disruptions to our worldwide operations include: natural disasters, extreme weather conditions, power or water shortages, critical infrastructure failures, telecommunications failures, supplier disruptions, terrorist attacks, acts of violence, political and/or civil unrest, acts…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2017 to FY2026

Revenue, net income and free cash flow, each set to 100 in FY2017. What happened, from the 10-Ks. Not a forecast.

FY2017 = 100
0 2000 4000 6000 100 Revenue: $6.9B in FY2017, $215.9B in FY2026 REVENUE $215.9B · 31.3x Net income: $1.7B in FY2017, $120.1B in FY2026 NET INCOME $120.1B · 72.1x FY2017 = 100FY2022FY2026
Revenue 31.3x $6.9B to $215.9B
Net income 72.1x $1.7B to $120.1B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$27.0B$60.9B$130.5B$215.9B
Net income$4.4B$29.8B$72.9B$120.1B
Operating cash flow$5.6B$28.1B$64.1B$102.7B
Free cash flow$3.8B$27.0B$60.9B$96.7B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$215.9B ▲ 65.5% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

No new filings in the last 30 days · SEC EDGAR

All filings

Nothing new. The most recent filings:

About the company

Nvidia, Santa Clara, CA · from the 10-K filed Feb 25, 2026

NVIDIA pioneered accelerated computing to help solve the most challenging computational problems. NVIDIA is now a data center scale AI infrastructure company reshaping all industries. Our technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits, or SDKs, and application programming interfaces, or APIs.

Headquarters
Santa Clara, CA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
January 31
Last results
Aug 26, 2026
Incorporated in
DE

Employees, at the top of the page: "As of the end of fiscal year 2026, we had approximately 42,000 employees in 38 countries; 31,000 were engaged in research and development and 11,000 were engaged in sales, marketing, operations, and administrative positions" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 25, 2026 (open at SEC), compared with the 10-K filed Feb 26, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/NVDA/export.csv") into a cell.