NTGR · Netgear, 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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $158.82M | - | $184.56M | $170.53M | $162.06M | - | $182.85M | $143.90M | $164.59M | - |
| Cost of Revenue | $94.52M | - | $112.31M | $106.55M | $105.73M | - | $126.37M | $112.08M | $116.35M | - |
| Gross Profit | $64.30M | - | $72.25M | $63.98M | $56.33M | - | $56.48M | $31.82M | $48.24M | - |
| R&D | $21.66M | - | $23.33M | $20.84M | $18.31M | - | $20.91M | $19.85M | $20.23M | - |
| SG&A | $19.18M | - | $20.62M | $20.68M | $18.07M | - | $8.36M | $19.19M | $18.07M | - |
| Total Operating Expenses | $77.89M | - | $79.32M | $73.52M | $69.13M | - | ($39.33M) | $78.68M | $69.89M | - |
| D&A | $3.62M | - | - | - | $1.68M | - | - | - | $1.49M | - |
| Operating Income | ($13.59M) | - | ($7.07M) | ($9.54M) | ($12.80M) | - | $95.81M | ($46.86M) | ($21.65M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $1.03M | - | $736.0K | $864.0K | $1.41M | - | $14.22M | $1.03M | ($148.0K) | - |
| Net Income | ($13.04M) | - | ($4.78M) | ($6.43M) | ($6.03M) | - | $85.07M | ($45.17M) | ($18.65M) | - |
| EPS - Basic | ($0.47) | - | ($0.17) | ($0.22) | ($0.21) | - | $2.96 | ($1.56) | ($0.63) | - |
| EPS - Diluted | ($0.47) | - | ($0.17) | ($0.22) | ($0.21) | - | $2.90 | ($1.56) | ($0.63) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $183.48M | $209.90M | $203.48M | $241.02M | $269.81M | $286.44M | $273.77M | $177.10M | $172.66M | $176.72M |
| Accounts Receivable | $142.16M | $142.04M | $159.88M | $144.87M | $142.71M | $156.21M | $177.33M | $147.07M | $172.77M | $185.06M |
| Inventory | $169.31M | $176.46M | $166.56M | $157.31M | $157.90M | $162.54M | $161.98M | $188.94M | $211.27M | $248.85M |
| Accounts Payable | $43.37M | $43.75M | $58.20M | $58.90M | $54.65M | $58.48M | $52.03M | $40.13M | $38.45M | $46.85M |
| Current Assets | $642.82M | $673.28M | $681.94M | $698.67M | $723.75M | $758.03M | $769.34M | $657.57M | $703.64M | $747.98M |
| Total Assets | $801.93M | $836.27M | $810.81M | $803.55M | $814.20M | $850.23M | $862.64M | $754.09M | $801.28M | $847.14M |
| Current Liabilities | $248.72M | $250.22M | $239.16M | $243.14M | $241.96M | $270.08M | $271.36M | $253.03M | $244.32M | $264.35M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $330.78M | $338.45M | $303.96M | $280.39M | $279.95M | $309.16M | $312.31M | $294.69M | $289.92M | $311.65M |
| Stockholders' Equity | $471.15M | $497.82M | $506.85M | $523.16M | $534.24M | $541.07M | $550.33M | $459.40M | $511.36M | $535.50M |
| Retained Earnings | ($576.15M) | ($538.95M) | ($521.14M) | ($494.27M) | ($475.79M) | ($457.12M) | ($437.43M) | ($520.60M) | ($462.87M) | ($432.32M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.64M | - | - | - | ($8.75M) | - | - | - | $17.19M | - |
| Investing Cash Flow | ($3.97M) | - | - | - | ($1.26M) | - | - | - | ($11.34M) | - |
| Financing Cash Flow | ($24.10M) | - | - | - | ($6.62M) | - | - | - | ($9.91M) | - |
| CapEx | $3.82M | - | - | - | $1.40M | - | - | - | $2.51M | - |
| Free Cash Flow | ($2.18M) | - | - | - | ($10.14M) | - | - | - | $14.68M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.5% | - | 39.1% | 37.5% | 34.8% | - | 30.9% | 22.1% | 29.3% | - |
| Operating margin | -8.6% | - | -3.8% | -5.6% | -7.9% | - | 52.4% | -32.6% | -13.2% | - |
| EBITDA margin | -6.3% | - | - | - | -6.9% | - | - | - | -12.2% | - |
| Net margin | -8.2% | - | -2.6% | -3.8% | -3.7% | - | 46.5% | -31.4% | -11.3% | - |
| Free cash flow margin | -1.4% | - | - | - | -6.3% | - | - | - | 8.9% | - |
| FCF / Net income | 0.17 | - | - | - | 1.68 | - | - | - | -0.79 | - |
| R&D / Revenue | 13.6% | - | 12.6% | 12.2% | 11.3% | - | 11.4% | 13.8% | 12.3% | - |
| SG&A / Revenue | 12.1% | - | 11.2% | 12.1% | 11.2% | - | 4.6% | 13.3% | 11.0% | - |
| Effective tax rate | - | - | - | - | - | - | 14.3% | - | - | - |
| Return on assets | -1.6% | - | -0.6% | -0.8% | -0.7% | - | 9.9% | -6.0% | -2.3% | - |
| Return on equity | -2.8% | - | -0.9% | -1.2% | -1.1% | - | 15.5% | -9.8% | -3.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.58 | 2.69 | 2.85 | 2.87 | 2.99 | 2.81 | 2.84 | 2.60 | 2.88 | 2.83 |
| Quick ratio | 1.90 | 1.99 | 2.15 | 2.23 | 2.34 | 2.20 | 2.24 | 1.85 | 2.02 | 1.89 |
| Cash ratio | 0.74 | 0.84 | 0.85 | 0.99 | 1.12 | 1.06 | 1.01 | 0.70 | 0.71 | 0.67 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.70 | 1.68 | 1.60 | 1.54 | 1.52 | 1.57 | 1.57 | 1.64 | 1.57 | 1.58 |
| Liabilities / Assets | 0.41 | 0.40 | 0.37 | 0.35 | 0.34 | 0.36 | 0.36 | 0.39 | 0.36 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.23 | 0.21 | 0.20 | - | 0.21 | 0.19 | 0.21 | - |
| Inventory turnover | 0.56 | - | 0.67 | 0.68 | 0.67 | - | 0.78 | 0.59 | 0.55 | - |
| Days sales outstanding | 327d | - | 316d | 310d | 321d | - | 354d | 373d | 383d | - |
| Days inventory outstanding | 654d | - | 541d | 539d | 545d | - | 468d | 615d | 663d | - |
| Days payable outstanding | 167d | - | 189d | 202d | 189d | - | 150d | 131d | 121d | - |
| Cash conversion cycle | 813d | - | 668d | 647d | 678d | - | 672d | 858d | 925d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 6.8x | - | - | - |
| P / B | 1.3x | - | 1.7x | 1.6x | 1.3x | - | 1.1x | 1.0x | 0.9x | - |
| P / S | 3.8x | - | 4.5x | 4.8x | 4.4x | - | 3.2x | 3.1x | 2.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.0% | - | 0.9% | 18.5% | -1.5% | - | -7.6% | -17.0% | -9.0% | - |
| Revenue CAGR (3y) | -4.2% | - | -9.6% | -8.6% | -8.4% | - | -14.3% | -22.5% | -19.7% | - |
| Revenue CAGR (5y) | -13.0% | - | -13.4% | -9.4% | -6.8% | - | -7.2% | -9.0% | -8.0% | - |
| Gross profit growth (YoY) | 14.2% | - | 27.9% | 101.0% | 16.8% | - | -18.1% | -41.4% | -20.1% | - |
| Operating income growth (YoY) | -6.2% | - | - | 79.6% | 40.9% | - | - | -163.6% | -80.8% | - |
| Net income growth (YoY) | -116.1% | - | - | 85.8% | 67.6% | - | - | -426.1% | -92.0% | - |
| EPS growth (YoY) | -123.8% | - | - | 85.9% | 66.7% | - | - | -437.9% | -90.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 110.7% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | 49.4% | - | - | - |
| FCF growth (YoY) | 78.5% | - | - | - | - | - | - | - | 77.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -11.8% | -8.0% | -7.9% | 13.9% | 4.5% | 1.0% | 3.3% | -25.0% | -17.3% | -13.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$699.62M totalConsumer$357.59M · 51.1%
Enterprise$342.03M · 48.9%
Geographic
$902.05M totalUS$461.87M · 51.2%
Americas$176.79M · 19.6%
EMEA$106.19M · 11.8%
Asia Pacific$84.00M · 9.3%
APAC$59.04M · 6.5%
Americas Excluding United States$14.15M · 1.6%
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing NETGEAR against the 5 most active filers in the same SIC group.