0001193125-26-051346
SEC filingNETGEAR, Inc. (NTGR) reported FY 2025 net revenue of $699.6M, with gross profit of $266.2M reflecting a gross margin of 38.1%. The company posted an operating loss of $34.2M, driven by total operating expenses of $300.3M including R&D at $85.7M, sales and marketing at $127.7M, G&A at $78.9M, and restructuring charges of $7.8M. Other income of $17.4M partially offset losses, resulting in a pre-tax loss of $16.8M and net loss of $17.9M, or -$1 per basic and diluted share. Balance sheet remains strong with $836.3M total assets, including $209.9M cash and equivalents plus $113.1M short-term investments, yielding $673.3M current assets against $250.2M current liabilities for robust liquidity. Stockholders' equity stood at $497.8M. Operating cash flow was positive at $1.6M despite net loss, but net cash decreased $76.5M to $146.5M end-period due to $55.5M financing outflows from $50.7M stock repurchases and $22.6M investing uses. No prior year figures disclosed limits YoY analysis; focus remains on cost control and cash preservation amid operating challenges.
NETGEAR, Inc. reported FY 2025 results with net revenue of $699.6M and cost of revenue $433.4M, yielding gross profit of $266.2M. Operating expenses totaled $300.3M, comprising research and development $85.7M, sales and marketing $127.7M, general and administrative $78.9M, litigation reserves net -$209K, and restructuring charges $7.8M. This resulted in an operating loss of $34.2M. Other income net $17.4M led to pre-tax loss of $16.8M, provision for income taxes $1.1M, and net loss $17.9M or -$1 basic and diluted per share on 28.6M weighted average shares. Total assets $836.3M with stockholders' equity $497.8M. No prior year comparative figures provided in the filing. Cash position strong at $209.9M plus $113.1M short-term investments.
Net revenue totaled $699.6M for the fiscal year ended December 31, 2025. No segment breakdowns, geographic revenue mix, or growth drivers disclosed in the provided filing data. Cost of revenue was $433.4M. Absent prior period details or MD&A segment discussion, revenue composition cannot be further analyzed.
Gross margin stood at 38.1% ($266.2M gross profit on $699.6M revenue). Operating margin was -4.9% reflecting $34.2M operating loss. Elevated operating expenses at 42.9% of revenue, driven by sales and marketing (18.3%) and G&A (11.3%), plus restructuring $7.8M, pressured profitability. No prior year margins for comparison. No impairments to goodwill or intangibles recorded.
Operating activities generated $1.6M cash, supported by $29.7M stock-based compensation, $17.4M inventory improvement, despite $17.9M net loss and $14.2M accounts receivable increase. Investing used $22.6M, including $12.2M acquisitions and $20.5M property purchases, net of short-term investment activity. Financing consumed $55.5M via $50.7M stock repurchases. Net cash decrease $76.5M; ending cash equivalents $146.5M (note: beginning implied higher per changes). Balance sheet: current assets $673.3M vs. current liabilities $250.2M; total liabilities $338.4M, no debt specified. Inventories $176.5M, receivables $142.0M.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing excerpt. Commitments and contingencies referenced in Note 9, but details unavailable.