Raspi manufacturer discloses sales figures and costs
One advantage of the IPO of Raspberry Pi Holding Plc: the manufacturer is publishing detailed annual figures for its popular single-board computers and microcontrollers for the first time. Raspi Plc sold almost exactly seven million Raspberry Pis and Compute Modules in 2024. 1.9 million of these belonged to the Raspberry Pi 5 generation.
Compared to 2023, sales fell by a good five percent – according to company boss Eben Upton due to an inventory correction in the summer of 2024. On average, each Raspi single-board computer and each compute module generated a gross profit of 7.40 US dollars. This does not include taxes and distribution costs. The average sales price was 40.60 US dollars.
The manufacturer emphasizes that the Raspberry Pi 5 is more expensive to produce than the previous generations. However, additional costs of 5 US dollars per board for the initially more expensive BCM2712 chips from Broadcom are said to have only affected the first two million units.
Pico boards on the rise
Meanwhile, the microcontroller division grew considerably: in 2024, Raspi Plc sold 5.7 million RP2350 and RP2040 units. That is 84 percent more than in 2023. 1.3 million microcontrollers were placed on the company’s own pico boards. The rest went to partners who manufacture their own products with the small chips.
Raspi Plc only reports a total gross profit of three million US dollars for microcontrollers. Broken down into unit numbers, a single one should have brought in around 53 US cents. In 2023, this division was still a loss-making business at -2.2 million US dollars. With accessories such as the AI camera and USB hubs, the manufacturer made an average gross profit of USD 1.20 per unit.
Upton believes that the microcontroller division could achieve higher unit sales than the large Raspi boards for the first time in 2025.
Stable annual turnover
The annual turnover of Raspberry Pi Holding Plc in 2024 was USD 259.5 million, slightly below the previous year. At 17.6 million US dollars (-53 percent), operating profit has plummeted. Among other things, this was due to expenses for share-based payments and one-off expenses. The so-called adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) looks healthier at USD 26.5 million (2023: USD 37.6 million).
Raspi’s parent company, the Raspberry Pi Foundation, raised 180 million US dollars with the IPO, which it will use for charitable projects in the UK, among other things. Raspi Plc received 40 million US dollars in fresh capital. The Raspi Foundation and the closely associated Ezrah Charitable Trust together hold 50.02 percent of the shares in the Plc, i.e. the majority.
lumony@lemmings.world 3 weeks ago
This should be the norm.
Pudutr0n@feddit.cl 2 weeks ago
It is the norm for companies in most if not all major stock exchanges. They have to report activities and earnings to stockholders.
doodledup@lemmy.world 2 weeks ago
It is the norm for almost every company.