Dolby Laboratories, Inc.
Business
Dolby Laboratories invents and licenses audio and video technologies that enable content creators, distributors, and consumer electronics manufacturers to capture, transmit, and playback high-quality entertainment. The company derives most revenue from licensing branded audio and video codecs (DD+, Dolby AC-4, Dolby Atmos, Dolby Vision) and standard-essential patents (AAC, AVC, HEVC) to approximately 1,000 device manufacturers globally, and generates smaller revenue from cinema hardware, services, and software products. Primary end markets include broadcast, mobile devices, consumer electronics, personal computers, and gaming, with geographic reach across more than 20 sales offices worldwide.
Summary from 10-K filed 2025-11-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Revenue | 1,349 | 1,274 | 1,300 | 1,254 | 1,281 | |
| Total cost of revenue | 160 | 140 | 153 | 141 | 130 | |
| Gross margin | 1,189 | 1,133 | 1,147 | 1,112 | 1,151 | |
| Research and development | 262 | 264 | 272 | 261 | 254 | |
| Sales and marketing | 361 | 334 | 354 | 359 | 333 | |
| General and administrative | 287 | 270 | 258 | 275 | 224 | |
| Restructuring charges | 15 | 6 | 47 | 11 | 10 | |
| Total operating expenses | 924 | 875 | 931 | 906 | 807 | |
| Operating income | 265 | 258 | 216 | 207 | 344 | |
| Interest income/(expense), net | 15 | 34 | 28 | 6 | 3 | |
| Other income/(expense), net | 23 | 20 | 6 | 3 | 7 | |
| Total other income | 39 | 54 | 34 | 9 | 10 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 303 | 312 | 250 | 215 | 355 | |
| Provision for income taxes | −47 | −48 | −48 | −31 | −37 | |
| Net income including controlling interest | 256 | 264 | 202 | 184 | 318 | |
| Net income attributable to Dolby Laboratories, Inc. | 255 | 262 | 201 | 184 | 310 | |
| Basic (usd per share) | 2.66 | 2.74 | 2.1 | 1.84 | 3.07 | |
| Diluted (usd per share) | 2.62 | 2.69 | 2.05 | 1.81 | 2.97 | |
| Basic (shares) | 96 | 96 | 96 | 100 | 101 | |
| Diluted (shares) | 97 | 97 | 98 | 102 | 105 | |
| Cash dividend declared per common share | 1.32 | 1.23 | 1.11 | 1.02 | 0.91 | |
| Cash dividend paid per common share | 1.32 | 1.2 | 1.08 | 1 | 0.88 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 702 | 482 | 745 | 620 | 1,225 | |
| Restricted cash | 91 | 96 | 73 | 8 | 8 | |
| Short-term investments | 703,000 | 0 | 139 | 189 | 39 | |
| Accounts receivable, net of allowance for credit losses of $7,221 and $5,361 | 331 | 315 | 262 | 244 | 233 | |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | 181 | 197 | 182 | 176 | 182 | |
| Inventories | 30 | 34 | 36 | 24 | 11 | |
| Prepaid expenses and other current assets | 52 | 70 | 51 | 50 | 63 | |
| Total current assets | 1,388 | 1,194 | 1,488 | 1,311 | 1,760 | |
| Long-term investments | 80 | 89 | 98 | 103 | 63 | |
| Property, plant and equipment, net | 471 | 479 | 482 | 513 | 534 | |
| Operating lease right-of-use assets | 33 | 39 | 40 | 47 | 67 | |
| Intangible assets, net | 397 | 435 | 167 | 112 | 123 | |
| Goodwill | 530 | 533 | 408 | 365 | 341 | |
| Deferred taxes | 214 | 220 | 202 | 184 | 156 | |
| Other non-current assets | 114 | 121 | 95 | 55 | 61 | |
| Total assets | 3,228 | 3,110 | 2,980 | 2,690 | 3,106 | |
| Accounts payable | 18 | 17 | 21 | 14 | 18 | |
| Accrued liabilities | 369 | 348 | 351 | 230 | 263 | |
| Income taxes payable | 9 | 9 | 5 | 1 | 1 | |
| Contract liabilities | 31 | 32 | 32 | 19 | 18 | |
| Operating lease liabilities | 10 | 12 | 14 | 13 | 15 | |
| Total current liabilities | 438 | 418 | 422 | 278 | 316 | |
| Non-current contract liabilities | 30 | 35 | 40 | 23 | 24 | |
| Non-current operating lease liabilities | 28 | 35 | 37 | 38 | 57 | |
| Other non-current liabilities | 100 | 136 | 108 | 100 | 105 | |
| Total liabilities | 596 | 623 | 608 | 439 | 501 | |
| Retained earnings | 2,635 | 2,496 | 2,392 | 2,298 | 2,608 | |
| Accumulated other comprehensive income | −13 | −19 | −37 | −52 | −10 | |
| Total stockholders equity Dolby Laboratories, Inc. | 2,623 | 2,477 | 2,355 | 2,246 | 2,598 | |
| Controlling interest | 9 | 10 | 17 | 5 | 6 | |
| Total stockholders equity | 2,632 | 2,487 | 2,372 | 2,251 | 2,604 | |
| Total liabilities and stockholders equity | 3,228 | 3,110 | 2,980 | 2,690 | 3,106 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 88 | 76 | 83 | 88 | 96 | |
| Stock-based compensation | 129 | 120 | 118 | 115 | 100 | |
| Amortization of operating lease right-of-use assets | 11 | 12 | 13 | 15 | 17 | |
| Amortization of premium on investments | 0 | −3 | −860,000 | 1 | 1 | |
| Provision for doubtful accounts | 2 | −2 | −793,000 | 5 | −3 | |
| Deferred income taxes | 5 | −22 | −18 | −29 | −37 | |
| Impairment loss on internally developed software | 0 | 0 | 16 | 0 | 0 | |
| Share of net income of equity method investees, net of cash distributions | −707,000 | −2 | −60,000 | — | — | |
| Other non-cash items affecting net income | −1 | 3 | 2 | −5 | −5 | |
| Accounts receivable | −18 | −29 | 48 | −14 | −49 | |
| Contract assets, net | 17 | −9 | 347,000 | 6 | −21 | |
| Inventories | 8 | −3 | −13 | −12 | 17 | |
| Operating lease right-of-use assets | −5 | −8 | −9 | 266,000 | −5 | |
| Prepaid expenses and other assets | 15 | −2 | −1 | 9 | 17 | |
| Accounts payable and other liabilities | 23 | −35 | −52 | −34 | 44 | |
| Income taxes, net | −43 | −5 | −9 | 8 | −3 | |
| Contract liabilities | −5 | −10 | −8 | −413,000 | 2 | |
| Operating lease liabilities | −9 | −5 | −6 | −15 | −11 | |
| Other non-current liabilities | −406,000 | −14 | 3 | −5 | −16 | |
| Net cash provided by operating activities | 472 | 327 | 367 | 319 | 448 | |
| Purchases of marketable securities | 0 | −160 | −173 | −311 | −67 | |
| Proceeds from sales of marketable securities | 16 | 234 | 55 | 9 | 11 | |
| Proceeds from maturities of available-for-sale securities | 0 | 158 | 177 | 109 | 54 | |
| Proceeds from sale of assets | 17 | 0 | 0 | 0 | 16 | |
| Purchases of property, plant and equipment | −36 | −30 | −30 | −48 | −54 | |
| Acquisitions, net of cash acquired | −1 | −488 | 26 | −38 | −5 | |
| Purchases of intangible assets | −6 | 0 | 0 | −12 | 0 | |
| Purchases of other investments | −75,000 | 0 | 0 | −5 | 0 | |
| Net cash provided by/(used in) investing activities | −11 | −286 | 54 | −296 | −45 | |
| Proceeds from issuance of common stock | 44 | 40 | 48 | 58 | 122 | |
| Repurchase of common stock | −125 | −160 | −149 | −530 | −246 | |
| Payment of cash dividend | −127 | −115 | −103 | −100 | −89 | |
| Distribution to controlling interest | −2 | −5 | −266,000 | −1 | −7 | |
| Payment of Excise Tax on Repurchase of Common Stock | −261,000 | 0 | 0 | — | — | |
| Purchase of noncontrolling interest in business combinations | 0 | −10 | 0 | 0 | — | |
| Equity issued in connection with business combination | 0 | 722,000 | 0 | 0 | — | |
| Shares repurchased for tax withholdings on vesting of restricted stock | −37 | −39 | −31 | −36 | −32 | |
| Payments for Deferred Consideration | 0 | 0 | 500,000 | 0 | 0 | |
| Net cash used in financing activities | −247 | −288 | −237 | −611 | −253 | |
| Effect of foreign exchange rate changes on cash and cash equivalents | 1 | 7 | 5 | −17 | 3 | |
| Net increase/(decrease) in cash, cash equivalents, and restricted cash | 216 | −240 | 190 | −605 | 153 | |
| Cash paid for income taxes, net of refunds received | 74 | 63 | 61 | 40 | 71 | |
| Change in property, plant, and equipment purchased, unpaid at period-end | −3 | 9 | 4 | −1 | 3 | |
| Equity issued in connection with business combination | 0 | 0 | 21 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Dolby Laboratories, Inc.'s CIK number?
Dolby Laboratories, Inc.'s SEC CIK number is 0001308547 (1308547). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Dolby Laboratories, Inc.'s SEC filings?
All of Dolby Laboratories, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Dolby Laboratories, Inc. last report earnings?
Dolby Laboratories, Inc. (DLB) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-197338). This is Dolby Laboratories, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Dolby Laboratories, Inc.'s most recent earnings 8-K?
Dolby Laboratories, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001193125-26-197338. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Dolby Laboratories, Inc.'s latest earnings 8-K →
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