# ADOBE INC. (ADBE) · Edgar & Edgarette company card

> Adobe (ADBE) grew revenue 10.5% in FY2025 to $23.8 billion, operating margin 36.6% against a 0.9% median for prepackaged software, equity 39.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 796343 · fiscal year ended 2025-11-28 · 5 audited years read · [page](https://www.pops4.com/boards/company/ADBE) · [JSON](https://www.pops4.com/boards/company/ADBE.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $23.8B |
| Revenue growth, 1 year | 10.5% |
| Revenue growth per year | 10.8% |
| Operating margin | 36.6% (prior year 31.3%) |
| Net margin | 30.0% |
| Operating cash flow | $10.0B |
| Capital spending | $179M |
| Free cash flow | $9.9B |
| Cash | $5.4B |
| Long-term debt | $6.2B |
| Total assets | $29.5B |
| Total equity | $11.6B |
| Equity ÷ assets | 39.4% |
| Return on equity | 61.3% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 7.67 (safe zone)
- Piotroski F: 7 of 9 (solid)
- Beneish M: -2.85 (below the −1.78 line)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $23.8B (FY2025), total debt $6.2B. Experience: revenue up 10.5% on the year, up 10.8% a year over 4 years; operating margin 36.6%, up from 31.3%. Soundness: equity 39.4% of assets, return on equity 61.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $23.8B and $27.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $22.5B to $28.5B. A statistical range, not company guidance. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin 36.6% against a 0.9% median; growth 10.5% against 13.0%.

Range logged 2026-09-25, receipt f0aa37edc09cd8ca, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 6, latest 2026-09-08 ([filing](https://www.sec.gov/Archives/edgar/data/796343/000079634326000144/0000796343-26-000144-index.htm))

## Recent filings

- 10-Q · filed 2026-09-22 · [filing](https://www.sec.gov/Archives/edgar/data/796343/000079634326000156/0000796343-26-000156-index.htm)
- 8-K · filed 2026-09-10 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/796343/000079634326000147/0000796343-26-000147-index.htm)
- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/796343/000079634326000144/0000796343-26-000144-index.htm)
- 8-K · filed 2026-07-17 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/796343/000079634326000120/0000796343-26-000120-index.htm)
- 10-Q · filed 2026-06-15 · [filing](https://www.sec.gov/Archives/edgar/data/796343/000079634326000112/0000796343-26-000112-index.htm)
- 8-K · filed 2026-06-11 · 2.02 Results of Operations and Financial Condition; 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/796343/000079634326000109/0000796343-26-000109-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000796343.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=796343

## Cite

POPS4, Edgar & Edgarette: ADOBE INC. (ADBE) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/ADBE. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.