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AMBARELLA INC

For the period ended Oct 31, 2024. Filed Dec 6, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Oct 31, 2024 · Filed Dec 6, 2024

AMBA$58.55+6.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to ______

Commission file number:001-35667

(Exact name of registrant as specified in its charter)

Cayman Islands98-0459628
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
3101 Jay StreetSanta Clara, California95054
(Address of principal executive offices)(Zip Code)

(408) 734-8888

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Ordinary Shares, $0.00045 Par Value Per ShareAMBAThe Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

The number of ordinary shares of the Registrant outstanding as of November 30, 2024 was 41,701,953 shares.

QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

Page
PART I. FINANCIAL INFORMATION3
Item 1.Financial Statements3
Unaudited Condensed Consolidated Balance Sheets at October 31, 2024 and January 31, 20243
Unaudited Condensed Consolidated Statements of Operations for the three and nine months ended October 31, 2024 and 20234
Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and nine months ended October 31, 2024 and 20235
Unaudited Condensed Consolidated Statements of Shareholders’ Equity for the three and nine months ended October 31, 2024 and 20236
Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended October 31, 2024 and 20237
Notes to Unaudited Condensed Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20
Item 3.Quantitative and Qualitative Disclosures About Market Risk28
Item 4.Controls and Procedures28
PART II. OTHER INFORMATION29
Item 1.Legal Proceedings29
Item 1A.Risk Factors30
Item 5.Other Information59
Item 6.Exhibits60
Signatures62
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.