What is MPWR revenue?

Monolithic Power Systems Inc. (MPWR) reported $3.74B of revenue for the twelve months ended Sep 30, 2026. That is up 40.5% from the year before. Revenue for fiscal 2025 was $2.79B.

Yes. Monolithic Power Systems Inc. earned $893.25M in net income for the twelve months ended Sep 30, 2026, a net margin of 23.9%.

How much cash and debt does MPWR have?

Monolithic Power Systems Inc. reported $560.54M in cash and cash equivalents on its most recent balance sheet in SEC filings.

How fast is MPWR revenue growing?

Monolithic Power Systems Inc.'s revenue changed +26.4% in fiscal 2025, to $2.79B. Its compound annual growth rate was +27.0% over 5 years and +23.7% over 10 years.

What is MPWR gross margin?

Monolithic Power Systems Inc.'s gross profit was $2.07B on $3.74B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 55.3%.

What is MPWR free cash flow?

Monolithic Power Systems Inc. generated $609.36M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $872.98M less capital expenditures.

What is MPWR earnings per share?

Diluted earnings per share were $18.15 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did MPWR last report financial results?

The latest statements here come from Monolithic Power Systems Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.

Financials · MPWR

Monolithic Power Systems Inc. (MPWR) financials

For the twelve months ended Sep 30, 2026, Monolithic Power Systems Inc. reported $3.74B of revenue and $893.25M of net income.

Revenue, TTM: $3.74B
Revenue growth, YoY: +40.5%
Net income, TTM: $893.25M
Net income growth, YoY: -47.6%
Net margin: 23.9%
Free cash flow, TTM: $609.36M
EPS, diluted, TTM: $18.15
EPS growth, YoY: -48.2%
Cash: $560.54M
P/E: 64.99
P/S: 15.53
Market cap: $58.06B

Annual revenue$2.79B

FY2016FY2025

Annual net income$621.48M

FY2016FY2025

Annual free cash flow$666.19M

FY2016FY2025

MPWR revenue and earnings growth

MPWR revenueQ3 2026$1.20B

Quarter YoY: +63.1%
QoQ: +22.6%
FY YoY: +26.4%
5Y CAGR: +27.0%
10Y CAGR: +23.7%

MPWR revenue was $1.20B in fiscal Q3 2026 (ended Sep 30, 2026), up 63.1% from a year earlier and up 22.6% from the prior quarter. For the full fiscal 2025 it was $2.79B, up 26.4% from fiscal 2024. Compound annual growth was +27.0% over 5 years and +23.7% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

MPWR net incomeQ3 2026$271.07M

Quarter YoY: +50.8%
QoQ: +5.4%
FY YoY: -61.0%
5Y CAGR: +30.5%
10Y CAGR: +33.3%

MPWR net income was $271.07M in fiscal Q3 2026 (ended Sep 30, 2026), up 50.8% from a year earlier and up 5.4% from the prior quarter. For the full fiscal 2025 it was $621.48M, down 61.0% from fiscal 2024. Compound annual growth was +30.5% over 5 years and +33.3% over 10 years. It rose in 8 of the last 10 fiscal years.

MPWR EPSQ3 2026$5.51

Quarter YoY: +47.3%
QoQ: +5.6%
FY YoY: -60.6%
5Y CAGR: +29.7%
10Y CAGR: +31.1%

MPWR diluted EPS was $5.51 in fiscal Q3 2026 (ended Sep 30, 2026), up 47.3% from a year earlier and up 5.6% from the prior quarter. For the full fiscal 2025 it was $12.86, down 60.6% from fiscal 2024. Compound annual growth was +29.7% over 5 years and +31.1% over 10 years.

MPWR free cash flowQ3 2026$220.58M

Quarter YoY: +12.1%
QoQ: +51.6%
FY YoY: +3.7%
5Y CAGR: +25.7%
10Y CAGR: +28.6%

MPWR free cash flow was $220.58M in fiscal Q3 2026 (ended Sep 30, 2026), up 12.1% from a year earlier and up 51.6% from the prior quarter. For the full fiscal 2025 it was $666.19M, up 3.7% from fiscal 2024. Compound annual growth was +25.7% over 5 years and +28.6% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$2.79B	$2.21B	$1.82B	$1.79B	$1.21B	$844.45M	$627.92M	$582.38M	$470.93M	$388.67M
Cost of revenue	$1.25B	$986.23M	$799.95M	$745.60M	$522.34M	$378.50M	$281.60M	$259.71M	$212.65M	$177.79M
Gross profit	$1.54B	$1.22B	$1.02B	$1.05B	$685.46M	$465.95M	$346.32M	$322.67M	$258.28M	$210.87M
Research and development	$382.26M	$324.75M	$263.64M	$240.17M	$190.63M	$137.60M	$107.76M	$93.45M	$82.36M	$73.64M
Selling, general and admin	$428.84M	$356.76M	$275.74M	$281.60M	$232.41M	$161.67M	$133.54M	$113.80M	$97.26M	$83.01M
Operating income	$728.64M	$539.36M	$481.74M	$526.78M	$262.42M	$158.88M	$102.56M	$113.49M	$77.42M	$54.45M
Pre-tax income	$766.22M	$572.91M	$505.84M	$524.94M	$272.22M	$169.34M	$113.12M	$118.48M	$82.94M	$57.26M
Income tax	$144.73M	-$1.02B	$78.47M	$87.27M	$30.20M	$4.97M	$4.28M	$13.21M	$17.74M	$4.54M
Net income	$621.48M	$1.59B	$427.37M	$437.67M	$242.02M	$164.38M	$108.84M	$105.27M	$65.20M	$52.72M
EPS, basic	$12.94	$32.76	$8.98	$9.37	$5.28	$3.67	$2.52	$2.49	$1.58	$1.30
EPS, diluted	$12.86	$32.60	$8.76	$9.05	$5.05	$3.50	$2.38	$2.36	$1.50	$1.26
Diluted shares	48.3M	48.8M	48.8M	48.4M	47.9M	47.0M	45.8M	44.6M	43.6M	41.9M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.10B	$691.94M	$527.84M	$288.73M	$189.39M	$335.07M	$173.08M	$172.82M	$82.87M	$112.81M
Short-term investments	$157.24M	$171.13M	$580.63M	$449.27M	$535.82M	$260.17M	$282.44M	$204.58M	$216.33M	$155.52M
Receivables	$255.63M	$172.52M	$179.86M	$182.71M	$104.81M	$66.84M	$52.70M	$55.21M	$38.04M	$34.25M
Inventory	$564.65M	$419.61M	$383.70M	$447.29M	$259.42M	$157.06M	$127.50M	$136.38M	$99.28M	$71.47M
Current assets	$2.18B	$1.57B	$1.82B	$1.41B	$1.12B	$842.00M	$655.21M	$580.81M	$449.17M	$382.98M
Goodwill	$25.94M	$25.94M	$6.57M	$6.57M	$6.57M	$6.57M	$6.57M	$6.57M	$6.57M	$6.57M
Total assets	$4.19B	$3.52B	$2.43B	$2.06B	$1.59B	$1.21B	$956.38M	$793.43M	$652.57M	$511.13M
Current liabilities	$369.37M	$294.57M	$235.03M	$263.40M	$226.94M	$146.97M	$98.22M	$80.44M	$65.92M	$52.92M
Total liabilities	$662.70M	$564.70M	$384.41M	$390.28M	$341.84M	$241.90M	$182.88M	$153.34M	$130.56M	$80.01M
Shareholders' equity	$3.53B	$2.95B	$2.05B	$1.67B	$1.24B	$966.59M	$773.49M	$640.09M	$522.01M	$431.12M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$838.20M	$788.41M	$638.21M	$246.67M	$320.01M	$267.80M	$216.30M	$141.45M	$133.82M	$107.79M
Capital expenditures	$172.01M	$146.12M	$57.58M	$58.84M	$94.42M	$55.61M	$95.81M	$22.53M	$65.77M	$37.11M
Free cash flow	$666.19M	$642.29M	$580.63M	$187.83M	$225.59M	$212.19M	$120.50M	$118.92M	$68.05M	$70.67M
Investing cash flow	-$157.27M	$223.05M	-$178.73M	-$12.51M	-$378.89M	-$39.18M	-$167.11M	-$14.74M	-$134.06M	-$55.73M
Financing cash flow	-$285.86M	-$872.23M	-$183.72M	-$128.78M	-$90.21M	-$71.56M	-$48.05M	-$34.56M	-$31.32M	-$28.13M
Dividends paid	$284.80M	$240.62M	$185.84M	$137.97M	$109.36M	$88.79M	$67.29M	$47.48M	$33.93M	-
Share repurchases	$6.60M	$636.20M	$3.70M	$0	$0	-	-	-	-	-
Stock-based compensation	$227.49M	$205.64M	$149.71M	$160.99M	$123.48M	$85.55M	$78.70M	$60.61M	$52.62M	$44.99M
Depreciation and amortization	$52.51M	$36.43M	$40.17M	$37.11M	$28.70M	$19.19M	$14.87M	$12.31M	$16.10M	$14.67M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	26.4%	21.2%	1.5%	48.5%	43.0%	34.5%	7.8%	23.7%	21.2%	16.7%
Net income growth, YoY	-61.0%	272.5%	-2.4%	80.8%	47.2%	51.0%	3.4%	61.4%	23.7%	49.9%
EPS growth, YoY	-60.6%	272.1%	-3.2%	79.2%	44.3%	47.1%	0.8%	57.3%	19.0%	46.5%
Gross margin	55.2%	55.3%	56.1%	58.4%	56.8%	55.2%	55.2%	55.4%	54.8%	54.3%
Operating margin	26.1%	24.4%	26.5%	29.4%	21.7%	18.8%	16.3%	19.5%	16.4%	14.0%
Net margin	22.3%	72.1%	23.5%	24.4%	20.0%	19.5%	17.3%	18.1%	13.8%	13.6%
Free cash flow margin	23.9%	29.1%	31.9%	10.5%	18.7%	25.1%	19.2%	20.4%	14.5%	18.2%
Return on equity	17.6%	53.9%	20.8%	26.2%	19.5%	17.0%	14.1%	16.4%	12.5%	12.2%
Return on assets	14.8%	45.3%	17.6%	21.3%	15.3%	13.6%	11.4%	13.3%	10.0%	10.3%
Current ratio	5.91	5.31	7.74	5.36	4.96	5.73	6.67	7.22	6.81	7.24

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$1.20B	$980.64M	$804.18M	$751.15M	$737.18M	$664.57M	$637.55M	$621.66M	$620.12M	$507.43M	$457.88M	$454.01M
Cost of revenue	$536.87M	$439.57M	$359.12M	$336.89M	$330.95M	$298.56M	$284.32M	$277.26M	$276.68M	$226.85M	$205.44M	$202.89M
Gross profit	$665.54M	$541.07M	$445.06M	$414.27M	$406.23M	$366.02M	$353.23M	$344.41M	$343.44M	$280.58M	$252.44M	$251.12M
Research and development	$140.58M	$118.62M	$100.57M	$95.60M	$98.17M	$96.27M	$92.23M	$85.76M	$85.05M	$77.94M	$75.99M	$71.46M
Selling, general and admin	$167.27M	$118.56M	$103.35M	$118.73M	$112.87M	$104.99M	$92.24M	$95.34M	$94.36M	$86.10M	$80.96M	$70.09M
Operating income	$357.69M	$303.89M	$241.15M	$199.94M	$195.18M	$164.76M	$168.76M	$163.31M	$164.03M	$116.54M	$95.49M	$109.57M
Pre-tax income	$366.62M	$321.73M	$247.18M	$209.77M	$205.57M	$176.98M	$173.89M	$169.53M	$174.31M	$124.05M	$105.03M	$119.55M
Income tax	$95.56M	$64.43M	$53.96M	$38.12M	$25.81M	$41.97M	$38.84M	-$1.09B	$29.88M	$23.68M	$12.49M	$22.64M
Net income	$271.07M	$257.30M	$193.23M	$171.66M	$179.77M	$135.01M	$135.05M	$1.25B	$144.43M	$100.37M	$92.54M	$96.91M
EPS, basic	$5.53	$5.24	$3.94	$3.55	$3.75	$2.82	$2.82	$25.84	$2.96	$2.06	$1.90	$2.02
EPS, diluted	$5.51	$5.22	$3.92	$3.50	$3.74	$2.81	$2.81	$25.71	$2.95	$2.05	$1.89	$1.98
Diluted shares	49.2M	49.3M	49.2M	-	48.0M	48.0M	48.0M	-	49.0M	48.9M	48.9M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$560.54M	$1.01B	$1.06B	$1.10B	$1.08B	$787.38M	$637.35M	$691.94M	$700.48M	$550.60M	$488.40M	$527.84M
Short-term investments	$530.69M	$408.17M	$304.18M	$157.24M	$188.23M	$358.69M	$389.31M	$171.13M	$762.00M	$756.77M	$798.12M	$580.63M
Receivables	$461.63M	$343.62M	$302.14M	$255.63M	$241.56M	$194.82M	$214.87M	$172.52M	$164.70M	$157.89M	$194.43M	$179.86M
Inventory	$764.88M	$675.85M	$619.16M	$564.65M	$505.68M	$490.64M	$454.79M	$419.61M	$424.94M	$426.75M	$395.99M	$383.70M
Current assets	$2.37B	$2.48B	$2.33B	$2.18B	$2.11B	$1.92B	$1.79B	$1.57B	$2.16B	$2.00B	$1.98B	$1.82B
Goodwill	$25.94M	$25.94M	$25.94M	$25.94M	$25.94M	$25.94M	$25.94M	$25.94M	$26.08M	$26.08M	$27.31M	$6.57M
Total assets	$4.67B	$4.69B	$4.45B	$4.19B	$4.11B	$3.87B	$3.71B	$3.52B	$2.85B	$2.65B	$2.58B	$2.43B
Current liabilities	$640.65M	$497.93M	$486.96M	$369.37M	$442.80M	$383.51M	$363.40M	$294.57M	$336.59M	$295.16M	$311.88M	$235.03M
Total liabilities	$938.84M	$790.78M	$771.46M	$662.70M	$729.88M	$662.29M	$631.51M	$564.70M	$503.05M	$452.27M	$465.14M	$384.41M
Shareholders' equity	$3.73B	$3.90B	$3.68B	$3.53B	$3.38B	$3.21B	$3.07B	$2.95B	$2.35B	$2.20B	$2.11B	$2.05B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$289.92M	$227.91M	$250.25M	$104.91M	$239.27M	$237.64M	$256.39M	$167.68M	$231.70M	$140.97M	$248.05M	$153.31M
Capital expenditures	$69.34M	$82.42M	$70.85M	$41.01M	$42.52M	$48.14M	$40.34M	$64.80M	$33.82M	$31.51M	$15.99M	$13.81M
Free cash flow	$220.58M	$145.48M	$179.40M	$63.90M	$196.75M	$189.49M	$216.04M	$102.88M	$197.88M	$109.47M	$232.06M	$139.51M
Investing cash flow	-$188.28M	-$184.53M	-$212.32M	-$11.55M	$127.56M	-$15.80M	-$257.49M	$519.17M	-$26.76M	-$3.35M	-$266.01M	$33.97M
Financing cash flow	-$548.83M	-$103.34M	-$75.27M	-$77.30M	-$73.24M	-$79.41M	-$55.92M	-$685.37M	-$63.22M	-$73.64M	-$50.00M	-$54.41M
Dividends paid	$98.50M	$101.10M	$78.40M	$74.82M	$74.91M	$75.06M	$60.01M	$61.86M	$61.16M	$68.06M	$49.55M	$50.58M
Share repurchases	$453.43M	-	-	$897.0K	$2.10M	$2.60M	$0	$622.00M	$5.50M	$4.50M	$4.08M	$3.70M
Stock-based compensation	$105.97M	$53.18M	$41.10M	$53.91M	$60.68M	$60.10M	$52.81M	$56.01M	$51.40M	$52.31M	$45.93M	$41.11M
Depreciation and amortization	$18.83M	$17.07M	$15.11M	$14.24M	$13.70M	$13.12M	$11.45M	$10.04M	$9.45M	$8.69M	$8.25M	$10.23M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	63.1%	47.6%	26.1%	20.8%	18.9%	31.0%	39.2%	36.9%	30.6%	15.0%	1.5%	-1.3%
Net income growth, YoY	50.8%	90.6%	43.1%	-86.3%	24.5%	34.5%	45.9%	1194.8%	19.2%	0.9%	-15.7%	-18.6%
EPS growth, YoY	47.3%	85.8%	39.5%	-86.4%	26.8%	37.1%	48.7%	1198.5%	19.0%	0.5%	-16.4%	-19.5%
Gross margin	55.4%	55.2%	55.3%	55.2%	55.1%	55.1%	55.4%	55.4%	55.4%	55.3%	55.1%	55.3%
Operating margin	29.7%	31.0%	30.0%	26.6%	26.5%	24.8%	26.5%	26.3%	26.5%	23.0%	20.9%	24.1%
Net margin	22.5%	26.2%	24.0%	22.9%	24.4%	20.3%	21.2%	201.8%	23.3%	19.8%	20.2%	21.3%
Free cash flow margin	18.3%	14.8%	22.3%	8.5%	26.7%	28.5%	33.9%	16.5%	31.9%	21.6%	50.7%	30.7%
Current ratio	3.70	4.98	4.79	5.91	4.77	5.00	4.92	5.31	6.42	6.77	6.34	7.74

Source: XBRL data Monolithic Power Systems Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MPWR peers

Company	Revenue	Growth	Net income	Net margin	Market cap
MPWR	$3.74B	+40.5%	$893.25M	23.9%	$58.06B
TXNTexas Instruments Incorporated	$20.77B	+20.3%	$7.11B	34.3%	$253.44B
ADIAnalog Devices Inc.	$13.88B	+33.6%	$4.14B	29.8%	$176.17B
STMSTMicroelectronics N.V.	$11.80B	-11.1%	$166.00M	1.4%	$37.24B
ONON Semiconductor Corporation	$6.37B	+2.9%	$689.10M	10.8%	$24.64B
ALGMAllegro MicroSystems Inc.	$1.01B	+27.9%	$30.94M	3.1%	$5.25B
DIODDiodes Incorporated	$1.78B	+24.2%	$115.52M	6.5%	$3.56B

MPWR FAQ

9 questions

What is MPWR revenue?
Monolithic Power Systems Inc. (MPWR) reported $3.74B of revenue for the twelve months ended Sep 30, 2026. That is up 40.5% from the year before. Revenue for fiscal 2025 was $2.79B.
Is MPWR profitable?
Yes. Monolithic Power Systems Inc. earned $893.25M in net income for the twelve months ended Sep 30, 2026, a net margin of 23.9%.
How much cash and debt does MPWR have?
Monolithic Power Systems Inc. reported $560.54M in cash and cash equivalents on its most recent balance sheet in SEC filings.
How fast is MPWR revenue growing?
Monolithic Power Systems Inc.'s revenue changed +26.4% in fiscal 2025, to $2.79B. Its compound annual growth rate was +27.0% over 5 years and +23.7% over 10 years.
What is MPWR gross margin?
Monolithic Power Systems Inc.'s gross profit was $2.07B on $3.74B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 55.3%.
What is MPWR free cash flow?
Monolithic Power Systems Inc. generated $609.36M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $872.98M less capital expenditures.
What is MPWR earnings per share?
Diluted earnings per share were $18.15 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did MPWR last report financial results?
The latest statements here come from Monolithic Power Systems Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
Where does this MPWR financial data come from?
Quantisnow builds these statements from the structured XBRL data Monolithic Power Systems Inc. files with the SEC. It is provided for information only and is not investment advice.