RACE Filings — Ferrari N.v.

RACE Filings — Ferrari N.v. - FilingSpy

20-F · Fiscal year ended Dec 31, 2025 · SEC filing ↗

Ferrari's revenue rose 21% to $8.4 billion in FY2025, driven by a richer product mix and pricing as shipments grew 3.3%.

Ferrari's growth engine shifted decisively toward pricing and mix. rose 21.0% to $8.4 billion and widened 0.6 points to 28.9%, as a 3.3% increase in shipments to 14,114 units was amplified by demand for higher-priced models and personalizations. The company enters 2026 with an order book extending into 2027 and a new model pipeline that includes its first fully electric vehicle.

Key takeaways

rose 21.0% to $8,396.3 million, the fastest annual growth rate since FY2021, as the contribution from model mix and personalizations more than offset a modest 3.3% increase in shipments.
rose 23.6% to $2,424.8 million, and widened 0.6 points to 28.9%, extending a multi-year expansion that has added 9.6 points since the FY2020 trough of 19.3%.
rose 18.6% to $1,879.4 million, and increased 19.8% to $10.53, reflecting the flow-through of higher .

Original filing text

Risk Factors

B. Capitalization and Indebtedness Not Applicable C. Reasons for the Offer and Use of Proceeds Not Applicable D. Risk Factors Risk Factors 13

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Business

A. History and Development of the Company Overview — History of the Company 39 B. Business Overview Overview 38 Industry Overview 40 Overview of Our Business 44 C. Organizational Structure Note 3 “Scope of consolidation” to the Consolidated Financial Statements 231 D. Property,…