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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue $ 110,423 $ 93,166 $ 300,437 $ 262,892
Patent litigation settlement 0 0 45,000 0
Total net revenues and patent litigation settlement 110,423 93,166 345,437 262,892
Cost of product revenues 46,910 47,422 145,431 129,254
Gross margin 63,513 45,744 200,006 133,638
Operating expenses:        
Selling, general and administrative 22,747 23,398 75,836 72,715
Research and development 19,859 16,960 58,027 51,938
Litigation-contingency expense 0 0 0 19,500
Total operating expenses 42,606 40,358 133,863 144,153
Income (loss) from operations 20,907 5,386 66,143 (10,515)
Other income (expense), net:        
Total unrealized (losses) gains on available-for-sale securities, net (178) 40 (235) 110
Less: portion of losses (gains) recognized in other comprehensive income 178 (40) 235 (110)
Net credit gains recognized in earnings 0 0 0 0
Other income (expense), net 2,407 3,713 9,198 9,244
Total other income (expense), net 2,407 3,713 9,198 9,244
Income (loss) before income taxes 23,314 9,099 75,341 (1,271)
Less: (Benefit) provision for income taxes (4,988) (2,455) 3,278 2,832
Consolidated net income (loss) 28,302 11,554 72,063 (4,103)
Less: Net income attributable to noncontrolling interest 10 2 40 14
Net income (loss) attributable to Vicor Corporation $ 28,292 $ 11,552 $ 72,023 $ (4,117)
Net income (loss) per common share attributable to Vicor Corporation:        
Basic $ 0.63 $ 0.26 $ 1.6 $ (0.09)
Diluted $ 0.63 $ 0.26 $ 1.59 $ (0.09)
Shares used to compute net income (loss) per common share attributable to Vicor Corporation:        
Basic [1] 44,734 45,117 44,986 44,829
Diluted 44,930 45,174 45,167 44,829
Product Revenue [Member]        
Revenue $ 88,698 $ 79,796 $ 257,597 $ 232,071
Royalty Revenue [Member]        
Revenue $ 21,725 $ 13,370 $ 42,840 $ 30,821
[1] Denominator represents the weighted average number of shares of Common Stock and Class B Common Stock outstanding.