Name: Marvell Technology Inc. (NASDAQ:MRVL) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

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Marvell Technology Inc., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Jan 31, 2026	Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Net income (loss)	2,670,100)	(885,000)	(933,400)	(163,500)	(421,034)	(277,298)
Net change in unrealized gain (loss) on cash flow hedges	(400)	(700)	1,100)	—)	—)	—)
Other comprehensive income (loss), net of tax	(400)	(700)	1,100)	—)	—)	—)
Comprehensive income (loss), net of tax	2,669,700)	(885,700)	(932,300)	(163,500)	(421,034)	(277,298)

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30).

The financial results indicate a period of sustained net losses followed by a sharp transition to profitability. Between January 2021 and February 2025, the entity consistently reported negative net income, with the most significant deficit occurring in February 2024.

Net Income Performance: A volatile trend in net income is observed over the six-year period. Losses widened from 277.3 million USD in 2021 to 421.0 million USD in 2022, followed by a temporary reduction to 163.5 million USD in 2023. A substantial increase in losses occurred in February 2024, reaching 933.4 million USD, before a slight improvement in February 2025. This period of deficit concluded with a significant reversal in January 2026, as net income pivoted to a profit of 2.67 billion USD.
Other Comprehensive Income Analysis: Other comprehensive income, driven by net changes in unrealized gains and losses on cash flow hedges, remained immaterial relative to net income. No data was recorded for these items between 2021 and 2023. From 2024 to 2026, values fluctuated between a gain of 1.1 million USD and a loss of 400 thousand USD, indicating that hedge activities had a negligible impact on the overall financial position.
Comprehensive Income Trajectory: Comprehensive income closely mirrored the movements of net income due to the minimal influence of other comprehensive income. The trajectory reflects a persistent negative trend from 2021 through 2025, with the lowest point occurring in 2024. The period ended with a substantial positive shift in January 2026, resulting in total comprehensive income of approximately 2.67 billion USD.

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