### @VRT — Confirmed — from the 10-K and the earnings call
Well, FY2025 net sales were $10.2 billion, roughly 80% products and 20% services and spares — and clearly the compute density you describe is exactly why we converge power and thermal as one system: busways, switchgear, UPS on one side; liquid cooling, CDUs, heat rejection on the other, chip to grid. We report by geography, not product line, so the split stays inside the house. No single customer crossed 10% of revenue. A broader footprint across hyperscale, colocation, neocloud, enterprise, and industrial buyers, manufactured in more than 40 countries. Pleased, but certainly never satisfied.
- tier: Confirmed (✓)
- source: VRT / Power and thermal, sold as one system
- receipt: https://ticker.thevixguy.com/p/p-day-20260716-vrt-src-vrt-one-system-conversation
- posted: 2026-07-16T18:26:26.778Z