← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Back to Starbucks is a real restructuring story: revenue rose, but margin and cash flow fell hard.
The read at a glance✓ Audited against SEC data
- Growth — +3% revenue to $37.2BNote
- Profitability — $2.9B operating income; 7.9% marginWatch
- Cash quality — $2.4B FCF, down 26%Watch
- Balance sheet — Cash N/A; $16.1B long-term debtWatch
- Accounting — Formula-distress Z score · M-score no flag · clean auditWatch
- Reset — 627 company-operated store closures in Q4 FY2025Watch
Business
Starbucks roasts, markets, and retails specialty coffee in 89 markets, with 21,514 company-operated stores and 19,476 licensed stores at FY2025 year-end.
Where the revenue comes from
Fiscal 2025, as STARBUCKS CORP reports it. History and quarterly detail are in the app.
- North America$27.4B
- International$7.8B
- Channel Development$1.9B
- Corporate and Other$119.7M
Leadership changes
From STARBUCKS CORP's own filings, the day they're filed.
- Mike Grams · chief operating officer · appointmenteff. 2025-06-04
- Mellody Hobson · director · appointmenteff. 2024-08-11
- Satya Nadella · Directors · departureeff. 2024-05-30
Latest filings
- 8-K · Company announcement2026-07-29
- 10-Q · Quarterly report2026-07-29
- 8-K · Company announcement2026-06-12
- 8-K · Company announcement2026-05-20
- 8-K · Company announcement2026-05-15
In the full recordFree for 14 days
- ✦ What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- ✦ Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about STARBUCKS CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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