Revenue declined 2.2% year-over-year to $42.0 million in 2025Q3, though the shift toward cloud-centric models helped improve gross margins to 68.8% from 64.9% in 2023Q3.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'01 |
|---|
| Sales/Revenue | 170.91M | 173.59M | 164.2M | 173.76M | 280.62M | 291.67M | 308.75M | 325.84M | 402.36M | 426.29M | 428.12M | 457.31M | 349.05M | 273.69M | 229.08M | 165.97M | 128.81M | 110.98M | 123.54M | 72.41M | 54.22M | 27.19M | 5.62M |
| Revenue Growth % | 0.07% | 5.72% | -5.5% | -38.08% | -3.79% | -5.53% | -5.24% | -19.02% | -5.61% | -0.43% | -6.38% | 31.02% | 27.53% | 19.47% | 38.03% | 28.85% | 16.06% | -10.16% | 70.62% | 33.55% | 99.4% | 383.74% | - |
| Cost of Goods Sold | 53M | 56.13M | 59.05M | 61.26M | 143.81M | 165.5M | 227.44M | 276.46M | 275.38M | 289.6M | 227.44M | 240.37M | 187.36M | 139.48M | 121.33M | 92.54M | 72.95M | 60.18M | 60.54M | 38.91M | 32.51M | 19.82M | 4.88M |
| COGS % of Revenue | - | 32.34% | 35.96% | 35.25% | 51.25% | 56.74% | 73.67% | 84.84% | 68.44% | 67.93% | 53.13% | 52.56% | 53.68% | 50.96% | 52.96% | 55.76% | 56.64% | 54.23% | 49.01% | 53.74% | 59.96% | 72.87% | 86.75% |
| Gross Profit | 117.91M | 117.46M | 105.15M | 112.5M | 136.8M | 126.17M | 81.31M | 49.38M | 126.98M | 136.7M | 200.68M | 216.94M | 161.68M | 134.21M | 107.75M | 73.43M | 55.85M | 50.8M | 63M | 33.5M | 21.71M | 7.38M | 745K |
| Gross Margin % | 68.99% | 67.66% | 64.04% | 64.75% | 48.75% | 43.26% | 26.33% | 15.16% | 31.56% | 32.07% | 46.87% | 47.44% | 46.32% | 49.04% | 47.04% | 44.24% | 43.36% | 45.77% | 50.99% | 46.26% | 40.04% | 27.13% | 13.25% |
| Gross Profit Growth % | - | 11.71% | -6.54% | -17.76% | 8.43% | 55.18% | 64.64% | -61.11% | -7.11% | -31.88% | -7.5% | 34.18% | 20.47% | 24.56% | 46.74% | 31.47% | 9.95% | -19.36% | 88.07% | 54.3% | 194.31% | 890.07% | - |
| Operating Expenses | 88.12M | 91.97M | 109.86M | 111.03M | 147.97M | 160.99M | 188.34M | 201.18M | 246.45M | 229.82M | 178.04M | 150.35M | 125.24M | 98.99M | 86.43M | 59.75M | 36.8M | 32.77M | 29.16M | 18.2M | 13.23M | 7.66M | 3.92M |
| OpEx % of Revenue | - | 52.98% | 66.91% | 63.9% | 52.73% | 55.19% | 61% | 61.74% | 61.25% | 53.91% | 41.59% | 32.88% | 35.88% | 36.17% | 37.73% | 36% | 28.57% | 29.52% | 23.6% | 25.14% | 24.41% | 28.19% | 69.79% |
| Selling, General & Admin | 47.29M | 51.69M | 65.22M | 61.15M | 84.99M | 89.29M | 112.77M | 122.01M | 155.6M | 115.33M | 86.61M | 76.73M | 60.4M | 46.68M | 44.89M | 33.74M | 23.65M | 21.72M | 18.53M | 10.47M | 7.54M | 4.34M | 0 |
| SG&A % of Revenue | - | 29.78% | 39.72% | 35.19% | 30.29% | 30.61% | 36.53% | 37.45% | 38.67% | 27.05% | 20.23% | 16.78% | 17.3% | 17.06% | 19.59% | 20.33% | 18.36% | 19.57% | 15% | 14.47% | 13.91% | 15.96% | - |
| Research & Development | 40.83M | 40.28M | 44.65M | 49.87M | 62.98M | 71.69M | 75.57M | 79.17M | 90.85M | 114.49M | 91.43M | 73.62M | 64.84M | 52.31M | 41.54M | 26.01M | 13.15M | 11.05M | 10.63M | 7.73M | 5.69M | 3.32M | 3.92M |
| R&D % of Revenue | - | 23.21% | 27.19% | 28.7% | 22.45% | 24.58% | 24.48% | 24.3% | 22.58% | 26.86% | 21.36% | 16.1% | 18.58% | 19.11% | 18.13% | 15.67% | 10.21% | 9.96% | 8.6% | 10.67% | 10.49% | 12.22% | 69.79% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 29.79M | 25.49M | -4.71M | 1.48M | -11.18M | -34.82M | -107.03M | -151.8M | -119.47M | -93.12M | 22.64M | 66.6M | 36.44M | 35.22M | 21.32M | 13.68M | 19.05M | 18.03M | 33.84M | 15.3M | 8.47M | -288K | -10.62M |
| Operating Margin % | 17.43% | 14.68% | -2.87% | 0.85% | -3.98% | -11.94% | -34.67% | -46.59% | -29.69% | -21.84% | 5.29% | 14.56% | 10.44% | 12.87% | 9.31% | 8.24% | 14.79% | 16.25% | 27.39% | 21.13% | 15.63% | -1.06% | -189.01% |
| Operating Income Growth % | - | 640.59% | -419.66% | 113.2% | 67.9% | 67.47% | 29.49% | -27.07% | -28.29% | -511.37% | -66.01% | 82.75% | 3.46% | 65.19% | 55.88% | -28.19% | 5.64% | -46.71% | 121.21% | 80.48% | 3042.71% | 97.29% | - |
| EBITDA | 47.05M | 42.58M | 12.12M | 16.23M | 23.59M | 8.87M | -30M | -34.15M | -25.54M | 1.79M | 94.79M | 122.55M | 77.57M | 59.03M | 36.06M | 23.08M | 27.55M | 24.69M | 39.07M | 18.56M | 10.78M | 1.84M | -8.49M |
| EBITDA Margin % | 27.53% | 24.53% | 7.38% | 9.34% | 8.41% | 3.04% | -9.72% | -10.48% | -6.35% | 0.42% | 22.14% | 26.8% | 22.22% | 21.57% | 15.74% | 13.91% | 21.39% | 22.24% | 31.63% | 25.64% | 19.88% | 6.76% | -150.97% |
| EBITDA Growth % | 25.16% | 251.47% | -25.36% | -31.2% | 166.01% | 129.56% | 12.15% | -33.69% | -1527.67% | -98.11% | -22.65% | 57.99% | 31.39% | 63.7% | 56.23% | -16.21% | 11.58% | -36.82% | 110.49% | 72.2% | 486.19% | 121.67% | - |
| D&A (Non-Cash Add-back) | 17.26M | 17.09M | 16.83M | 14.76M | 34.77M | 43.69M | 77.04M | 117.65M | 93.92M | 94.91M | 72.15M | 55.96M | 41.13M | 23.81M | 14.74M | 9.4M | 8.5M | 6.66M | 5.24M | 3.27M | 2.31M | 2.13M | 2.14M |
| EBIT | 19.94M | 31.77M | -15.35M | 6.86M | -23.85M | -36.99M | -100.98M | -258.26M | -173.32M | -119.67M | 17.55M | 63.58M | 35.67M | 43.66M | 20.18M | 10.36M | 19.57M | 20.4M | 37.81M | 17.55M | 8.73M | 32K | -3.18M |
| Net Interest Income | -19.08M | -17.19M | -13.54M | -13.19M | -6.38M | 1.12M | -97K | 2.86M | -43.27M | -5.51M | -3.66M | -2.17M | -532K | 317K | -10K | -206K | -215K | 2.27M | 3.91M | 2.16M | 125K | 281K | -96K |
| Interest Income | 6.16M | 810K | 426K | 453K | 38K | 1.6M | 1.26M | 7.77M | 12.5M | 2.43M | 2.05M | 838K | 557K | 1.31M | 1.81M | 1.06M | 526K | 2.37M | 3.97M | 2.26M | 258K | 320K | 0 |
| Interest Expense | 25.24M | 18M | 13.96M | 13.64M | 6.42M | 476K | 1.35M | 4.91M | 55.77M | 7.41M | 5.71M | 3M | 1.09M | 998K | 1.82M | 1.26M | 741K | 96K | 66K | 100K | 133K | 39K | 96K |
| Other Income/Expense | -35.09M | -11.72M | -24.6M | -8.25M | -19.1M | -2.65M | 4.7M | -111.37M | -109.62M | -33.97M | -10.8M | -6.02M | -1.86M | 7.44M | -2.96M | -4.59M | -215K | 2.27M | 3.91M | 2.16M | 125K | 281K | 832K |
| Pretax Income | -5.3M | 13.77M | -29.31M | -6.78M | -30.27M | -37.47M | -102.33M | -263.17M | -229.09M | -127.09M | 11.84M | 60.57M | 34.58M | 42.66M | 18.36M | 9.09M | 18.83M | 20.3M | 37.74M | 17.45M | 8.6M | -7K | -9.79M |
| Pretax Margin % | -3.1% | 7.93% | -17.85% | -3.9% | -10.79% | -12.85% | -33.14% | -80.77% | -56.94% | -29.81% | 2.77% | 13.25% | 9.91% | 15.59% | 8.01% | 5.48% | 14.62% | 18.29% | 30.55% | 24.1% | 15.86% | -0.03% | -174.2% |
| Income Tax | 4.42M | 7.61M | 4.74M | -59K | -7.18M | -27.11M | 1.14M | -17.89M | -34.86M | -33.22M | 5.42M | 21.68M | 11.23M | 15.58M | 3.23M | 5.22M | 6.54M | 8.42M | 13.99M | 7.31M | -3.83M | 0 | 0 |
| Effective Tax Rate % | -83.36% | 55.3% | -16.18% | 0.87% | 23.71% | 72.35% | -1.11% | 6.8% | 15.22% | 26.14% | 45.81% | 35.79% | 32.47% | 36.52% | 17.61% | 57.48% | 34.71% | 41.49% | 37.06% | 41.89% | -44.52% | 0% | 0% |
| Net Income | -9.72M | 6.17M | -38.15M | -7.92M | -22.94M | -10.7M | -104.59M | -218.16M | -232.28M | -101.23M | 40.63M | 38.9M | 23.35M | 27.08M | 16.59M | 3.86M | 12.3M | 11.88M | 23.76M | 10.14M | 12.43M | -7K | -9.79M |
| Net Margin % | -5.69% | 3.55% | -23.24% | -4.56% | -8.18% | -3.67% | -33.88% | -66.95% | -57.73% | -23.75% | 9.49% | 8.51% | 6.69% | 9.9% | 7.24% | 2.33% | 9.55% | 10.7% | 19.23% | 14.01% | 22.92% | -0.03% | -174.2% |
| Net Income Growth % | 45.26% | 116.17% | -381.97% | 65.5% | -114.37% | 89.77% | 52.06% | 6.08% | -129.45% | -349.16% | 4.46% | 66.57% | -13.78% | 63.23% | 329.4% | -68.58% | 3.51% | -49.99% | 134.23% | -18.4% | 177657.14% | 99.93% | - |
| Net Income (Continuing) | -9.72M | 6.15M | -34.05M | -6.72M | -23.1M | -10.36M | -103.47M | -245.28M | -194.22M | -93.87M | 6.42M | 38.9M | 23.35M | 27.08M | 15.13M | 3.86M | 12.3M | 11.88M | 23.76M | 10.14M | 12.43M | -7K | -9.79M |
| Discontinued Operations | 0 | 0 | -4.13M | -997K | 0 | 0 | 0 | 18.29M | -47.35M | -22.57M | 40.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 12.5M | 12.5M | 12.5M | 12.5M | 12.5M | 12.5M | 12.5M | 25.28M | 49.86M | 61.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.85 | 0.43 | -6.62 | -1.80 | -8.10 | -10.44 | -30.24 | -5.42 | -2.45 | 0.27 | 0.89 | 0.92 | 0.58 | 0.69 | 0.43 | 0.12 | 0.39 | 0.37 | 0.71 | 0.35 | 0.50 | -0.00 | -1.29 |
| EPS Growth % | 73.71% | 106.5% | -267.78% | 77.78% | 22.41% | 65.48% | -457.93% | -121.22% | -1007.41% | -69.66% | -3.26% | 58.62% | -15.94% | 60.47% | 258.33% | -69.23% | 5.41% | -47.89% | 102.86% | -30% | - | 99.95% | - |
| EPS (Basic) | - | 0.46 | -6.62 | -1.80 | -8.10 | -10.44 | -30.24 | -5.42 | -2.45 | 0.27 | 0.96 | 0.96 | 0.60 | 0.71 | 0.44 | 0.12 | 0.40 | 0.38 | 0.74 | 0.37 | 0.57 | -0.00 | -1.29 |
| Diluted Shares Outstanding | 11.47M | 10.67M | 9.74M | 9.58M | 7.19M | 4.66M | 4.52M | 40.28M | 44.67M | 43.55M | 47.65M | 43.3M | 40.01M | 39.13M | 38.62M | 33.01M | 31.14M | 32.19M | 33.38M | 29.2M | 24.92M | 10.24M | 7.59M |
| Basic Shares Outstanding | 10.63M | 10.02M | 9.74M | 9.58M | 7.19M | 4.66M | 4.52M | 40.28M | 44.67M | 43.55M | 42.28M | 40.42M | 38.89M | 38.2M | 37.37M | 31.97M | 30.81M | 31.62M | 32.22M | 27.25M | 21.92M | 10.24M | 7.59M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
High Debt Service Burden
As reported in recent financial filings, Synchronoss Technologies has experienced a contraction in top-line performance, with revenue declining 2.2% year-over-year in 2025Q3 to $42.0 million, reflecting the ongoing challenges of maintaining growth momentum following the divestiture of non-core business segments and legacy platform assets.
The recent revenue trend suggests that the company is struggling to offset the loss of divested revenue streams with organic growth in its core Cloud segment. Investors should monitor whether the current revenue floor is sustainable, as the reliance on a concentrated base of Tier 1 telecommunications partners leaves little room for error in subscriber penetration rates.
Based on the company's reported figures, gross margins have shown a modest improvement, reaching 68.8% in 2025Q3 compared to 64.9% in 2023Q3, which suggests that the shift toward a cloud-centric model is successfully filtering out lower-margin legacy service components from the income statement.
While the expansion in gross margin is a positive indicator of operational focus, it remains vulnerable to fluctuations in third-party cloud hosting costs and data center depreciation. The ability to maintain these levels will likely depend on the company's capacity to drive higher subscriber density without incurring proportional increases in infrastructure-related expenses.
According to quarterly income statements, operating income has fluctuated significantly, ranging from a loss of $3.8 million in 2023Q3 to a profit of $5.9 million in 2025Q3, indicating that the company has yet to achieve consistent operating leverage despite its ongoing cost-rationalization efforts.
The inconsistency in operating margins suggests that SG&A and R&D expenses remain difficult to scale efficiently against the current revenue base. This volatility warrants further investigation into whether the company's fixed-cost structure is truly optimized for its current size or if it remains burdened by legacy operational overhead.
As evidenced by the wide variance in net income, which swung from a $19.6 million loss in 2025Q2 to a $5.8 million profit in 2025Q3, the company's bottom-line results appear heavily impacted by non-operating items and periodic restructuring charges rather than core operational performance.
The frequent divergence between operating income and net income suggests that investors should exercise caution when evaluating EPS, as non-recurring items and potential tax anomalies frequently obscure the underlying earnings power. The persistent use of stock-based compensation, while moderate, also continues to dilute the quality of reported earnings for common shareholders.
Based on the provided financial data, the company's high debt-to-equity ratio of 4.97% creates a significant overhang, as a substantial portion of operating cash flow is likely diverted to interest obligations, potentially limiting the capital available for necessary R&D and competitive reinvestment.
Short-sellers may focus on the risk that the company's debt burden could become unsustainable if revenue growth fails to accelerate or if interest rates remain elevated. The reliance on a small number of major carrier contracts further compounds this risk, as any disruption in these relationships could jeopardize the company's ability to meet its financial covenants.
Quick answers to the most common questions about buying SNCR stock.
For fiscal year 2024, Synchronoss Technologies, Inc. (SNCR) reported total revenue of $173.6M. This represents a 2988.3% increase compared to $5.6M in 2001.
Synchronoss Technologies, Inc. (SNCR) is profitable, generating $6.2M in net income for the fiscal year ending 2024 with a net profit margin of 3.6%.
Synchronoss Technologies, Inc. (SNCR) reported an operating income of $25.5M, resulting in an operating profit margin of 14.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Synchronoss Technologies, Inc. (SNCR) generated $117.5M in gross profit for the year, representing a gross profit margin of 67.7%. This demonstrates the company's core pricing power and production efficiency.