NETGEAR, INC.

Listed Company

NTGRCIK 0001122904NasdaqLarge AcceleratedTelephone & Telegraph ApparatusDelawareFY ends Dec 31

Period

FY 2025

Revenue

$699.62M

Net Income

$-17.92M

Total Assets

$836.27M

Equity

$497.82M

Shares Out

28.11M

Op. Cash Flow

$1.61M

Business

NETGEAR, INC. designs, develops and sells networking hardware, software and services for business, consumer and service provider markets worldwide. Its main products and services include switches, routers, WiFi access points and mesh systems, mobile broadband products and subscription services focused on performance, security, privacy and support, plus AV over IP technologies and cloud management software. The company operates business and consumer divisions, historically reporting NETGEAR for Business and Connected Home, and has announced a separation of Connected Home into Mobile and Home Networking segments. NETGEAR distributes products across the Americas, EMEA and APAC through wholesale distributors, retailers, DMRs/VARs, broadband service providers and its direct online store.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	700	674	741	932	1,168
Cost of revenue	433	478	492	682	802
Gross profit	266	196	249	251	366
Research and development	86	81	83	88	93
Sales and marketing	128	124	128	140	146
General and administrative	79	63	66	56	60
Litigation reserves, net	209,000	−89	178,000	20,000	—
Restructuring and other charges	8	4	4	5	—
Intangible assets impairment	0	0	1	0	0
Total operating expenses	300	184	283	333	299
Income (loss) from operations	−34	12	−33	−83	67
Other income, net	17	13	14	902,000	−1
Income (loss) before income taxes	−17	25	−19	−82	66
Provision for income taxes	1	13	86	−13	16
Net income (loss)	−18	12	−105	−69	49
Basic (per share)	−0.63	0.43	−3.57	−2.38	1.63
Diluted (per share)	−0.63	0.42	−3.57	−2.38	1.59
Basic (shares)	29	29	29	29	30
Diluted (shares)	29	30	29	29	31

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	210	286	177	147	264
Short-term investments	113	122	107	81	8
Accounts receivable, net of allowance for doubtful accounts of $466 and $507 as of December 31, 2025 and December 31, 2024, respectively	142	156	185	277	261
Inventories	176	163	249	300	316
Prepaid expenses and other current assets	32	31	30	30	35
Total current assets	673	758	748	834	883
Property and equipment, net	26	11	8	9	13
Operating lease right-of-use assets	37	28	37	41	23
Intangible assets, net	38	0	0	1	2
Goodwill	45	36	36	36	81
Other non-current assets	17	17	17	98	76
Total assets	836	850	847	1,020	1,079
Accounts payable	44	58	47	86	74
Accrued employee compensation	35	23	21	24	25
Other accrued liabilities	144	148	168	213	225
Deferred revenue	27	30	27	21	17
Income taxes payable	809,000	10	1	2	2
Total current liabilities	250	270	264	346	341
Non-current income taxes payable	7	8	13	15	19
Non-current operating lease liabilities	41	20	30	34	19
Other non-current liabilities	40	12	5	4	3
Total liabilities	338	309	312	399	382
Commitments and contingencies (Note 9)	—	—	—	—	—
Preferred stock: $0.001 par value; 5,000,000 shares authorized; none issued or outstanding	—	—	—	0	0
Common stock: $0.001 par value; 200,000,000 shares authorized; shares issued and outstanding: 27,943,198 and 28,500,118 as of December 31, 2025 and 2024, respectively	28,000	29,000	30,000	29,000	29,000
Additional paid-in capital	1,037	998	968	946	923
Accumulated other comprehensive income	196,000	241,000	136,000	−535,000	149,000
Accumulated deficit	−539	−457	−432	−325	−227
Total stockholders equity	498	541	535	621	697
Total liabilities and stockholders equity	836	850	847	1,020	1,079

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	8	7	7	10	14
Stock-based compensation	30	23	18	18	26
Accretion of discounts and imputed interests, net	−632,000	−4	−3	—	—
Deferred income taxes	−152,000	1	82	−22	4
Provision for excess and obsolete inventory	4	6	3	4	4
Other	−186,000	93,000	60,000	0	0
Accounts receivable, net	14	29	92	−16	76
Inventories	−17	80	48	12	−147
Prepaid expenses and other assets	−960,000	5	−3	6	−4
Accounts payable	−15	11	−39	12	−16
Accrued employee compensation	11	2	−3	−572,000	−10
Other accrued liabilities	1	−15	−46	−13	5
Deferred revenue	−4	3	7	5	3
Income taxes payable	−10	4	−3	−4	−6
Net cash provided by operating activities	2	165	57	−14	−5
Purchases of short-term investments	−110	−137	−136	−154	−146,000
Proceeds from maturities of short-term investments	120	120	115	80	710,000
Purchases of property and equipment	−21	−9	−6	−6	−10
Purchases of long-term investments	−165,000	−225,000	−720,000	−600,000	−685,000
Payments made in connection with business acquisitions, net of cash acquired	−12	0	0	—	—
Net cash used in investing activities	−23	−26	−27	−80	−10
Repurchases of common stock	−51	−33	0	−24	−75
Restricted stock unit withholdings	−14	−3	−3	−5	−8
Proceeds from exercise of stock options	5	4	0	743,000	10
Proceeds from issuance of common stock under employee stock purchase plan	4	4	4	4	5
Net cash provided by (used in) financing activities	−56	−29	797,000	−24	−68
Net increase (decrease) in cash and cash equivalents	−77	110	30	−117	−83
Cash paid for income taxes, net	14	8	7	9	21
Unpaid property and equipment	2	1	476,000	203,000	526,000
Intangible assets acquired with deferred consideration	43	0	0	—	—

Filings

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