CISCO SYSTEMS, INC.

Listed Company

CSCOCIK 0000858877NasdaqLarge AcceleratedComputer Communications EquipmentDelawareFY ends Jul 25

Period

FY 2025

Revenue

$56.65B

Net Income

$10.18B

Total Assets

$122.29B

Equity

$46.84B

Shares Out

3.95B

Op. Cash Flow

$14.19B

+ 13F Filer

Business

CISCO SYSTEMS, INC. designs, develops, and sells a broad range of networking, security, collaboration, and observability technologies that power, secure, and extract insights from the Internet. It offers hardware, software, subscriptions, cloud and SaaS solutions, technical support, professional services, and financing to enable modern infrastructure, cybersecurity, AI-ready data centers, collaboration, and observability. The company’s operations are organized around product categories—Networking, Security, Collaboration, Observability—and complementary services such as technical support and professional services. Cisco conducts business globally through direct sales and a substantial network of channel partners, distributors, systems integrators, and service providers across Americas, EMEA, and APJC.

Summary from filing dated 2025-09-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Total revenue	56,654	53,803	56,998	51,557	49,818
Total cost of sales	19,864	18,975	21,245	19,309	17,924
GROSS MARGIN	36,790	34,828	35,753	32,248	31,894
Research and development	9,300	7,983	7,551	6,774	6,549
Sales and marketing	10,966	10,364	9,880	9,085	9,259
General and administrative	2,992	2,813	2,478	2,101	2,152
Amortization of purchased intangible assets	1,028	698	282	313	215
Restructuring and other charges	744	789	531	6	886
Total operating expenses	25,030	22,647	20,722	18,279	19,061
OPERATING INCOME	11,760	12,181	15,031	13,969	12,833
Interest income	1,001	1,365	962	476	618
Interest expense	−1,593	−1,006	−427	−360	—
Other income (loss), net	−68	−306	−248	392	245
Interest and other income (loss), net	−660	53	287	508	429
INCOME BEFORE PROVISION FOR INCOME TAXES	11,100	12,234	15,318	14,477	13,262
Provision for income taxes	920	1,914	2,705	2,665	2,671
NET INCOME	10,180	10,320	12,613	11,812	10,591
Basic (in dollars per share)	2.56	2.55	3.08	2.83	2.51
Diluted (in dollars per share)	2.55	2.54	3.07	2.82	2.5
Basic (in shares)	3,976	4,043	4,093	4,170	4,222
Diluted (in shares)	3,998	4,062	4,105	4,192	4,236

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	8,346	7,508	10,123	7,079	9,175
Investments	7,764	10,346	16,023	12,188	15,343
Accounts receivable, net of allowance of $69 at July 26, 2025 and $87 at July 27, 2024	6,700	6,700	5,900	6,622	5,800
Inventories	3,164	3,373	3,644	2,568	1,559
Financing receivables, net	3,061	3,338	3,352	3,905	4,380
Other current assets	5,950	5,612	4,352	4,355	2,889
Total current assets	34,986	36,862	43,348	36,717	39,112
Property and equipment, net	2,113	2,090	2,085	1,997	2,338
Financing receivables, net	3,466	3,376	3,483	4,009	4,884
Goodwill	59,136	58,660	38,535	38,304	38,168
Purchased intangible assets, net	9,175	11,219	1,818	2,569	3,619
Deferred tax assets	7,356	6,262	6,576	4,449	4,360
Other assets	6,059	5,944	6,007	5,957	5,016
TOTAL ASSETS	122,291	124,413	101,852	94,002	97,497
Short-term debt	5,232	11,341	1,733	1,099	2,508
Accounts payable	2,528	2,304	2,313	2,281	2,362
Income taxes payable	1,857	1,439	4,235	961	801
Accrued compensation	3,611	3,608	3,984	3,316	3,818
Deferred revenue	16,416	16,249	13,908	12,784	12,148
Other current liabilities	5,420	5,643	5,136	5,199	4,620
Total current liabilities	35,064	40,584	31,309	25,640	26,257
Long-term debt	22,861	19,621	6,658	8,416	9,018
Income taxes payable	2,165	3,985	5,756	7,725	8,538
Deferred revenue	12,363	12,226	11,642	10,480	10,016
Other long-term liabilities	2,995	2,540	2,134	1,968	2,393
Total liabilities	75,448	78,956	57,499	54,229	56,222
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $0.001 par value: 5 shares authorized; none issued and outstanding	0	0	0	0	0
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 3,960 and 4,007 shares issued and outstanding at July 26, 2025 and July 27, 2024, respectively	47,747	45,800	44,289	42,714	42,346
Retained earnings	50	1,087	1,639	−1,319	−654
Accumulated other comprehensive loss	−954	−1,430	−1,575	−1,622	−417
Total equity	46,843	45,457	44,353	39,773	41,275
TOTAL LIABILITIES AND EQUITY	122,291	124,413	101,852	94,002	97,497

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Depreciation, amortization, and other	2,811	2,507	1,726	1,957	1,862
Share-based compensation expense	3,641	3,074	2,353	1,886	1,761
Provision for receivables	24	34	31	55	−6
Deferred income taxes	−1,133	−972	−2,085	−309	−384
(Gains) losses on divestitures, investments and other, net	−38	215	206	−453	−354
Accounts receivable	−22	−289	734	−1,009	−107
Inventories	209	275	−1,069	−1,030	−244
Financing receivables	214	76	1,102	1,241	1,577
Other assets	−499	−671	5	−1,615	−797
Accounts payable	257	−90	27	−55	−53
Income taxes, net	−1,839	−4,539	1,218	−690	−549
Accrued compensation	−53	−696	651	−427	643
Deferred revenue	248	1,220	2,326	1,328	1,560
Other liabilities	193	416	48	535	−46
Net cash provided by operating activities	14,193	10,880	19,886	13,226	15,454
Purchases of investments	−4,589	−4,230	−10,871	−6,070	−9,328
Proceeds from sales of investments	2,643	4,136	1,054	2,660	3,373
Proceeds from maturities of investments	4,943	6,367	5,978	5,686	8,409
Acquisitions, net of cash and cash equivalents acquired	−291	−25,994	−301	−373	—
Purchases of investments in privately held companies	−383	−284	−185	−186	−175
Return of investments in privately held companies	306	202	90	237	194
Acquisition of property and equipment	−905	−670	−849	−477	−692
Other	9	−5	−23	76	−56
Net cash provided by (used in) investing activities	1,733	−20,478	−5,107	1,553	−5,285
Issuances of common stock	736	714	700	660	643
Repurchases of common stock - repurchase program	−6,000	−5,787	−4,293	−7,689	−2,877
Shares repurchased for tax withholdings on vesting of restricted stock units	−1,222	−992	−597	−692	−636
Short-term borrowings, original maturities of 90 days or less, net	−31	478	−602	606	−5
Issuances of debt	19,292	31,818	0	1,049	0
Repayments of debt	−22,073	−9,826	−500	−3,550	—
Repayments of Splunk convertible debt, net of capped call proceeds	0	−3,140	0	0	—
Dividends paid	−6,437	−6,384	−6,302	−6,224	−6,163
Other	−80	−37	−32	−122	−59
Net cash provided by (used in) financing activities	−15,815	6,844	−11,626	−15,962	−12,097
Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	−43	−31	−105	−180	58
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	68	−2,785	3,048	−1,363	−1,870
Cash paid for interest	1,500	583	376	355	438
Cash paid for income taxes, net	3,892	7,426	3,571	3,663	3,604

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Holdings (13F)

Portfolio as of 2026-01-14 · 5 positions

Reported AUM

$260.73M

Holdings

Top sector

$260.73M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$260.73M	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
ISHARES TR	—	2.11M	$213.24M	81.8%
CREDO TECHNOLOGY GROUP HOLDI	—	1.43M	$21.81M	8.4%
HASHICORP INC	—	345.8K	$18.67M	7.2%
INNOVID CORP	—	1.07M	$6.46M	2.5%
DIGIMARC CORP NEW	—	20.9K	$551.0K	0.2%