EXTR · Extreme Networks Inc - 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 | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $316.87M | $317.93M | $310.25M | $279.36M | $284.50M | $269.20M | $296.38M | $211.04M | $353.14M | $318.35M |
| Cost of Revenue | $121.33M | $122.84M | $122.22M | $104.23M | $109.10M | $99.70M | $113.01M | $91.14M | $140.20M | $136.69M |
| Gross Profit | $195.54M | $195.08M | $188.03M | $175.12M | $175.41M | $169.51M | $183.37M | $119.90M | $212.94M | $181.66M |
| R&D | $59.18M | $57.52M | $57.75M | $54.88M | $55.66M | $54.45M | $52.83M | $54.52M | $58.02M | $52.62M |
| SG&A | $29.63M | $34.60M | $29.19M | $26.06M | $29.54M | $36.60M | $25.38M | $25.21M | $23.87M | $24.09M |
| Total Operating Expenses | $178.20M | $182.09M | $176.73M | $162.46M | $165.03M | $174.22M | $173.05M | $182.37M | $177.04M | $158.22M |
| D&A | - | - | $3.80M | - | - | $3.94M | - | - | $4.87M | - |
| Operating Income | $17.34M | $12.99M | $11.29M | $12.66M | $10.38M | ($4.72M) | $10.32M | ($62.47M) | $35.90M | $23.43M |
| Interest Expense | $3.25M | $3.36M | $3.65M | $4.18M | $3.80M | $4.42M | $4.27M | $4.18M | $4.32M | $3.88M |
| Income Tax | $4.22M | $2.53M | $2.74M | $2.60M | $3.71M | $1.49M | $3.07M | ($623.0K) | $4.56M | $2.65M |
| Net Income | $10.59M | $7.88M | $5.61M | $7.38M | $3.46M | ($10.50M) | $3.99M | ($64.42M) | $28.68M | $17.93M |
| EPS - Basic | $0.08 | $0.06 | $0.04 | $0.06 | $0.03 | ($0.08) | $0.03 | ($0.50) | $0.22 | $0.14 |
| EPS - Diluted | $0.08 | $0.06 | $0.04 | $0.06 | $0.03 | ($0.08) | $0.03 | ($0.50) | $0.21 | $0.13 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $210.11M | $219.79M | $209.00M | $231.75M | $185.48M | $159.55M | $156.70M | $151.01M | $224.43M | $234.83M |
| Accounts Receivable | $162.71M | $152.43M | $145.80M | $126.71M | $99.55M | $97.21M | $89.52M | $94.44M | $131.51M | $182.04M |
| Inventory | $76.63M | $83.59M | $93.73M | $102.58M | $115.74M | $143.56M | $141.03M | $185.36M | $100.82M | $89.02M |
| Accounts Payable | $81.16M | $64.81M | $77.77M | $63.94M | $47.11M | $65.77M | $51.42M | $81.48M | $80.00M | $99.72M |
| Current Assets | $541.80M | $535.73M | $525.86M | $535.30M | $476.60M | $476.77M | $466.93M | $505.98M | $532.46M | $576.16M |
| Total Assets | $1.17B | $1.17B | $1.15B | $1.15B | $1.07B | $1.06B | $1.04B | $1.09B | $1.11B | $1.14B |
| Current Liabilities | $593.26M | $565.14M | $577.49M | $587.88M | $511.96M | $526.41M | $517.59M | $528.30M | $528.72M | $575.50M |
| Long-term Debt | $149.22M | $154.06M | $158.90M | $163.72M | $167.29M | $174.43M | $178.26M | $180.60M | $185.26M | $187.59M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $78.97M | $95.91M | $68.56M | $65.58M | $71.70M | $32.72M | $25.28M | $64.96M | $108.48M | $116.75M |
| Retained Earnings | ($925.35M) | ($935.94M) | ($943.82M) | ($949.43M) | ($941.63M) | ($952.47M) | ($941.96M) | ($887.76M) | ($827.32M) | ($856.00M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($14.00M) | - | - | $18.59M | - | - | $75.64M | - |
| Investing Cash Flow | - | - | ($6.86M) | - | - | ($6.92M) | - | - | ($4.31M) | - |
| Financing Cash Flow | - | - | ($1.72M) | - | - | ($9.12M) | - | - | ($81.46M) | - |
| CapEx | $5.70M | $5.40M | $6.86M | - | - | $6.92M | - | - | $4.31M | - |
| Free Cash Flow | - | - | ($20.85M) | - | - | $11.67M | - | - | $71.32M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 61.7% | 61.4% | 60.6% | 62.7% | 61.7% | 63.0% | 61.9% | 56.8% | 60.3% | 57.1% |
| Operating margin | 5.5% | 4.1% | 3.6% | 4.5% | 3.6% | -1.8% | 3.5% | -29.6% | 10.2% | 7.4% |
| EBITDA margin | - | - | 4.9% | - | - | -0.3% | - | - | 11.5% | - |
| Net margin | 3.3% | 2.5% | 1.8% | 2.6% | 1.2% | -3.9% | 1.3% | -30.5% | 8.1% | 5.6% |
| Free cash flow margin | - | - | -6.7% | - | - | 4.3% | - | - | 20.2% | - |
| FCF / Net income | - | - | -3.72 | - | - | -1.11 | - | - | 2.49 | - |
| R&D / Revenue | 18.7% | 18.1% | 18.6% | 19.6% | 19.6% | 20.2% | 17.8% | 25.8% | 16.4% | 16.5% |
| SG&A / Revenue | 9.4% | 10.9% | 9.4% | 9.3% | 10.4% | 13.6% | 8.6% | 11.9% | 6.8% | 7.6% |
| Effective tax rate | 28.5% | 24.3% | 32.8% | 26.1% | 51.8% | - | 43.5% | - | 13.7% | 12.9% |
| Return on assets | 0.9% | 0.7% | 0.5% | 0.6% | 0.3% | -1.0% | 0.4% | -5.9% | 2.6% | 1.6% |
| Return on equity | 13.4% | 8.2% | 8.2% | 11.3% | 4.8% | -32.1% | 15.8% | -99.2% | 26.4% | 15.4% |
| Return on invested capital | 5.4% | 3.9% | 3.3% | 4.1% | 2.2% | -1.8% | 2.9% | -20.1% | 10.5% | 6.7% |
| Liquidity | ||||||||||
| Current ratio | 0.91 | 0.95 | 0.91 | 0.91 | 0.93 | 0.91 | 0.90 | 0.96 | 1.01 | 1.00 |
| Quick ratio | 0.78 | 0.80 | 0.75 | 0.74 | 0.70 | 0.63 | 0.63 | 0.61 | 0.82 | 0.85 |
| Cash ratio | 0.35 | 0.39 | 0.36 | 0.39 | 0.36 | 0.30 | 0.30 | 0.29 | 0.42 | 0.41 |
| Leverage | ||||||||||
| Debt / Equity | 1.89 | 1.61 | 2.32 | 2.50 | 2.33 | 5.33 | 7.05 | 2.78 | 1.71 | 1.61 |
| Debt / Assets | 0.13 | 0.13 | 0.14 | 0.14 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.16 |
| Debt / EBITDA | - | - | 10.53 | - | - | - | - | - | 4.54 | - |
| Interest coverage | 5.3x | 3.9x | 3.1x | 3.0x | 2.7x | -1.1x | 2.4x | -14.9x | 8.3x | 6.0x |
| Equity multiplier | 14.82 | 12.18 | 16.82 | 17.58 | 14.97 | 32.29 | 41.24 | 16.71 | 10.20 | 9.78 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.27 | 0.27 | 0.27 | 0.24 | 0.27 | 0.25 | 0.28 | 0.19 | 0.32 | 0.28 |
| Inventory turnover | 1.58 | 1.47 | 1.30 | 1.02 | 0.94 | 0.69 | 0.80 | 0.49 | 1.39 | 1.54 |
| Days sales outstanding | 187d | 175d | 172d | 166d | 128d | 132d | 110d | 163d | 136d | 209d |
| Days inventory outstanding | 231d | 248d | 280d | 359d | 387d | 526d | 456d | 742d | 262d | 238d |
| Days payable outstanding | 244d | 193d | 232d | 224d | 158d | 241d | 166d | 326d | 208d | 266d |
| Cash conversion cycle | 174d | 231d | 219d | 301d | 357d | 417d | 400d | 579d | 190d | 180d |
| Valuation | ||||||||||
| P / E | 188.5x | 277.5x | 516.3x | 299.2x | 441.0x | - | 448.3x | - | 115.3x | 200.4x |
| P / B | 25.5x | 23.5x | 40.7x | 36.7x | 24.8x | 60.3x | 70.0x | 23.0x | 29.8x | 30.0x |
| P / S | 6.4x | 7.1x | 9.0x | 8.6x | 6.3x | 7.3x | 6.0x | 7.1x | 9.1x | 11.0x |
| EV / EBITDA | - | - | 181.5x | - | - | - | - | - | 78.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.4% | 13.8% | 15.2% | -5.7% | 34.8% | -23.8% | -6.9% | -36.5% | 18.6% | 13.3% |
| Revenue CAGR (3y) | -1.6% | -0.0% | 1.4% | -0.2% | -0.1% | 0.2% | 7.0% | -5.9% | 14.4% | 6.0% |
| Revenue CAGR (5y) | 4.6% | 5.6% | 5.6% | 0.9% | 6.3% | 1.0% | 5.1% | -4.2% | 10.8% | 6.6% |
| Gross profit growth (YoY) | 11.5% | 11.4% | 10.9% | -4.5% | 46.3% | -20.4% | 0.9% | -37.5% | 27.7% | 14.4% |
| Operating income growth (YoY) | 67.1% | 2.6% | - | 22.8% | - | - | -56.0% | - | 106.4% | 29.8% |
| Net income growth (YoY) | 206.2% | 6.7% | - | 85.1% | - | - | -77.8% | - | 127.9% | 34.4% |
| EPS growth (YoY) | 166.7% | 0.0% | - | 100.0% | - | - | -76.9% | - | 133.3% | 30.0% |
| EPS CAGR (3y) | -22.2% | -22.7% | -23.7% | -15.7% | -33.1% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | -12.9% | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | -83.6% | - | - | 53.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 21.5% | - |
| Book value growth (YoY) | 10.1% | 46.2% | 109.5% | 159.4% | 10.4% | -69.8% | -78.3% | -37.0% | -1.9% | 29.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Product / service
$1.14B totalProduct$704.46M · 61.8%
Subscription And Support$435.61M · 38.2%
Geographic
$1.74B totalAmericas$596.71M · 34.4%
US$547.66M · 31.5%
EMEA$451.65M · 26.0%
Asia Pacific$91.71M · 5.3%
Other Americas$49.05M · 2.8%
Peer comparison
Same SIC group: Computer Communications Equipment
Comparing EXTREME NETWORKS INC against the 5 most active filers in the same SIC group.