CMBMF · Cambium Networks Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $159.65M | $177.29M | $220.19M | $296.90M | $335.85M | $278.46M |
| Cost of Revenue | $95.47M | $114.36M | $151.36M | $151.76M | $175.06M | $139.05M |
| Gross Profit | $64.17M | $62.93M | $68.83M | $145.14M | $160.80M | $139.41M |
| R&D | $32.86M | $39.29M | $53.48M | $49.87M | $47.93M | $43.19M |
| SG&A | $26.43M | $26.01M | $27.40M | $24.98M | $29.49M | $28.85M |
| Total Operating Expenses | $92.13M | $133.34M | $129.69M | $125.26M | $124.38M | $115.46M |
| D&A | $1.47M | $5.79M | $6.21M | $5.96M | $6.17M | $6.64M |
| Operating Income | ($27.96M) | ($70.41M) | ($60.85M) | $19.88M | $36.42M | $23.95M |
| Interest Expense | $9.02M | $5.84M | $2.52M | $1.98M | $4.27M | $5.33M |
| Income Tax | $1.55M | ($1.85M) | $13.77M | ($2.18M) | ($5.51M) | ($444.0K) |
| Net Income | ($38.54M) | ($74.45M) | ($77.42M) | $20.20M | $37.42M | $18.57M |
| EPS - Basic | ($1.34) | ($2.65) | ($2.81) | $0.75 | $1.42 | $0.72 |
| EPS - Diluted | ($1.34) | ($2.65) | ($2.81) | $0.72 | $1.31 | $0.70 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.33M | $34.92M | $18.71M | $48.16M | $59.29M | $62.47M |
| Accounts Receivable | $40.27M | $40.41M | $64.10M | $89.32M | $69.77M | $58.11M |
| Inventory | $27.52M | $41.99M | $66.88M | $57.07M | $33.78M | $33.96M |
| Accounts Payable | $17.85M | $16.49M | $19.12M | $31.28M | $28.24M | $30.86M |
| Current Assets | $90.71M | $136.54M | $162.57M | $212.99M | $180.59M | $165.13M |
| Total Assets | $137.14M | $173.73M | $217.88M | $269.46M | $232.27M | $205.75M |
| Current Liabilities | $137.35M | $135.91M | $96.33M | $87.22M | $82.14M | $107.61M |
| Long-term Debt | $0 | $0 | $21.93M | $24.46M | $26.96M | $24.96M |
| Total Liabilities | $173.09M | $176.97M | $136.94M | $124.09M | $120.13M | $142.37M |
| Stockholders' Equity | ($35.95M) | ($3.24M) | $80.93M | $145.37M | $112.14M | $63.39M |
| Retained Earnings | ($197.39M) | ($158.85M) | ($64.60M) | $12.82M | ($7.38M) | ($44.80M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($15.71M) | ($14.97M) | ($16.95M) | ($3.05M) | $29.96M | $56.90M |
| Investing Cash Flow | ($6.37M) | ($11.90M) | ($11.22M) | ($9.24M) | ($10.17M) | ($5.40M) |
| Financing Cash Flow | ($1.40M) | $43.18M | ($1.27M) | $1.25M | ($22.95M) | ($8.37M) |
| CapEx | $440.0K | $6.40M | $4.59M | $4.57M | $6.26M | $3.41M |
| Free Cash Flow | ($16.15M) | ($21.38M) | ($21.54M) | ($7.63M) | $23.70M | $53.49M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 40.2% | 35.5% | 31.3% | 48.9% | 47.9% | 50.1% |
| Operating margin | -17.5% | -39.7% | -27.6% | 6.7% | 10.8% | 8.6% |
| EBITDA margin | -16.6% | -36.5% | -24.8% | 8.7% | 12.7% | 11.0% |
| Net margin | -24.1% | -42.0% | -35.2% | 6.8% | 11.1% | 6.7% |
| Free cash flow margin | -10.1% | -12.1% | -9.8% | -2.6% | 7.1% | 19.2% |
| FCF / Net income | 0.42 | 0.29 | 0.28 | -0.38 | 0.63 | 2.88 |
| R&D / Revenue | 20.6% | 22.2% | 24.3% | 16.8% | 14.3% | 15.5% |
| SG&A / Revenue | 16.6% | 14.7% | 12.4% | 8.4% | 8.8% | 10.4% |
| Effective tax rate | - | - | - | -12.1% | -17.3% | -2.4% |
| Return on assets | -28.1% | -42.9% | -35.5% | 7.5% | 16.1% | 9.0% |
| Return on equity | 107.2% | 2300.0% | -95.7% | 13.9% | 33.4% | 29.3% |
| Return on invested capital | - | - | -46.7% | 11.7% | 26.2% | 27.1% |
| Liquidity | ||||||
| Current ratio | 0.66 | 1.00 | 1.69 | 2.44 | 2.20 | 1.53 |
| Quick ratio | 0.46 | 0.70 | 0.99 | 1.79 | 1.79 | 1.22 |
| Cash ratio | 0.08 | 0.26 | 0.19 | 0.55 | 0.72 | 0.58 |
| Leverage | ||||||
| Debt / Equity | 0.00 | 0.00 | 0.27 | 0.17 | 0.24 | 0.39 |
| Debt / Assets | 0.00 | 0.00 | 0.10 | 0.09 | 0.12 | 0.12 |
| Debt / EBITDA | - | - | - | 0.95 | 0.63 | 0.82 |
| Interest coverage | -3.1x | -12.1x | -24.1x | 10.1x | 8.5x | 4.5x |
| Equity multiplier | -3.81 | -53.67 | 2.69 | 1.85 | 2.07 | 3.25 |
| Liabilities / Assets | 1.26 | 1.02 | 0.63 | 0.46 | 0.52 | 0.69 |
| Efficiency | ||||||
| Asset turnover | 1.16 | 1.02 | 1.01 | 1.10 | 1.45 | 1.35 |
| Inventory turnover | 3.47 | 2.72 | 2.26 | 2.66 | 5.18 | 4.09 |
| Days sales outstanding | 92d | 83d | 106d | 110d | 76d | 76d |
| Days inventory outstanding | 105d | 134d | 161d | 137d | 70d | 89d |
| Days payable outstanding | 68d | 53d | 46d | 75d | 59d | 81d |
| Cash conversion cycle | 129d | 165d | 221d | 172d | 87d | 84d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | 2.0x | - | - | - |
| P / S | 0.3x | 0.1x | 0.7x | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -10.0% | -19.5% | -25.8% | -11.6% | 20.6% | 28.5% |
| Revenue CAGR (3y) | -18.7% | -19.2% | -7.5% | 11.1% | - | - |
| Revenue CAGR (5y) | -10.5% | -3.9% | - | - | - | - |
| Gross profit growth (YoY) | 2.0% | -8.6% | -52.6% | -9.7% | 15.3% | 25.9% |
| Operating income growth (YoY) | 60.3% | -15.7% | - | -45.4% | 52.1% | 61.0% |
| Net income growth (YoY) | 48.2% | 3.8% | - | -46.0% | 101.5% | 103.5% |
| EPS growth (YoY) | 49.4% | 5.7% | - | -45.0% | 87.1% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 24.5% | 0.8% | -182.4% | - | -55.7% | 172.2% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -1010.5% | - | -44.3% | 29.6% | 76.9% | 58.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$319.29M totalProduct$141.28M · 44.2%
Point To Multi Point$59.66M · 18.7%
Enterprise$53.17M · 16.7%
Point To Point$43.11M · 13.5%
Subscriptions And Services$18.37M · 5.8%
Product And Service Other$3.71M · 1.2%
Geographic
$235.25M totalNorth America$76.04M · 32.3%
US$75.60M · 32.1%
EMEA$50.20M · 21.3%
Asia Pacific$18.35M · 7.8%
Caribbean And Latin America$15.06M · 6.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-1.02
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing Cambium Networks Corp against the 5 most active filers in the same SIC group.