NASDAQ : EXTR
Extreme Networks, Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 23.59 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.12B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Extreme Networks, Inc. (EXTR) reported revenue of 1.31B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.31B | 1.28B | 1.14B | 1.12B | 1.31B | 1.11B |
| Cost of Revenue | 501.39M | 494.45M | 430.94M | 486.37M | 557.73M | 482.38M |
| Gross Profit | 813.05M | 789.14M | 709.13M | 630.83M | 754.72M | 629.94M |
| Selling, General & Admin | 495.00M | 489.58M | 467.18M | 445.74M | 418.81M | 363.17M |
| Research & Development | 233.94M | 233.88M | 221.46M | 211.93M | 214.27M | 190.59M |
| Amortization of Goodwill & Intangibles | 1.36M | 1.72M | 2.04M | 2.04M | 2.05M | 3.23M |
| Operating Expenses | 730.30M | 725.18M | 690.69M | 659.71M | 635.13M | 556.99M |
| Operating Income | 82.75M | 63.96M | 18.44M | -28.88M | 119.59M | 72.94M |
| Interest Expense | -15.34M | -13.78M | -15.93M | -16.99M | -17.39M | -12.79M |
| Interest & Investment Income | 4.15M | 4.15M | 4.31M | 4.56M | 3.15M | 412.00K |
| Currency Exchange Gain (Loss) | -4.80M | -4.00M | 1.00M | -300.00K | -400.00K | 1.70M |
| Other Non Operating Income (Expenses) | 3.07M | 2.41M | -2.06M | 433.00K | 1.97M | -1.32M |
| EBT Excluding Unusual Items | 69.83M | 52.74M | 5.76M | -41.18M | 106.92M | 60.95M |
| Merger & Restructuring Charges | -8.26M | -1.26M | -1.49M | -36.32M | -3.25M | -8.76M |
| Legal Settlements | -8.03M | |||||
| Other Unusual Items | -1.54M | |||||
| Pretax Income | 61.57M | 51.47M | 4.27M | -77.50M | 94.11M | 52.19M |
| Income Tax Expense | 9.08M | 9.36M | 11.74M | 8.46M | 16.03M | 7.92M |
| Net Income | 52.49M | 42.12M | -7.47M | -85.96M | 78.07M | 44.27M |
| Net Income to Common | 52.49M | 42.12M | -7.47M | -85.96M | 78.07M | 44.27M |
| Shares Outstanding (Basic) | 132.39M | 132.75M | 132.33M | 129.29M | 129.47M | 129.44M |
| Shares Outstanding (Diluted) | 134.87M | 134.97M | 132.33M | 129.29M | 133.65M | 133.49M |
| EPS (Basic) | 0.40 | 0.32 | -0.06 | -0.66 | 0.60 | 0.34 |
| EPS (Diluted) | 0.39 | 0.31 | -0.06 | -0.66 | 0.58 | 0.33 |
| Free Cash Flow | 154.76M | 95.24M | 127.32M | 37.37M | 235.41M | 112.74M |
| Free Cash Flow Per Share | 1.15 | 0.71 | 0.96 | 0.29 | 1.76 | 0.84 |
| Gross Margin | 61.86% | 61.48% | 62.20% | 56.46% | 57.50% | 56.63% |
| Operating Margin | 6.30% | 4.98% | 1.62% | -2.58% | 9.11% | 6.56% |
| Profit Margin | 3.99% | 3.28% | -0.66% | -7.70% | 5.95% | 3.98% |
| Free Cash Flow Margin | 11.77% | 7.42% | 11.17% | 3.35% | 17.94% | 10.14% |
| EBITDA | 101.66M | 83.16M | 37.66M | 566.00K | 154.47M | 113.11M |
| EBITDA Margin | 7.73% | 6.48% | 3.30% | 0.05% | 11.77% | 10.17% |
| D&A For EBITDA | 18.91M | 19.20M | 19.22M | 29.45M | 34.88M | 40.16M |
| EBIT | 82.75M | 63.96M | 18.44M | -28.88M | 119.59M | 72.94M |
| EBIT Margin | 6.30% | 4.98% | 1.62% | -2.58% | 9.11% | 6.56% |
| Effective Tax Rate | 14.75% | 18.17% | 274.75% | 17.04% | 15.18% | |
| Revenue as Reported | 1.31B | 1.28B | 1.14B | 1.12B | 1.31B | 1.11B |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 244.52M | 211.76M | 231.75M | 156.70M | 234.83M | 194.52M |
| Trading Asset Securities | 1.31M | |||||
| Cash & Short-Term Investments | 244.52M | 211.76M | 231.75M | 156.70M | 234.83M | 195.84M |
| Receivables | 167.65M | 164.59M | 126.71M | 89.52M | 182.04M | 184.10M |
| Inventory | 100.03M | 69.95M | 102.58M | 141.03M | 89.02M | 49.23M |
| Prepaid Expenses | 158.62M | 73.32M | 34.37M | 79.66M | 70.23M | 59.92M |
| Other Current Assets | 108.00K | 30.18M | 39.90M | 18.00K | 31.00K | |
| Total Current Assets | 670.93M | 549.80M | 535.30M | 466.93M | 576.16M | 489.09M |
| Property, Plant & Equipment | 84.97M | 83.80M | 83.02M | 87.89M | 81.19M | 86.03M |
| Goodwill | 397.42M | 397.77M | 399.57M | 393.71M | 394.75M | 400.14M |
| Other Intangible Assets | 2.57M | 3.07M | 6.54M | 10.61M | 16.06M | 32.52M |
| Long-Term Deferred Charges | 32.50M | 32.10M | 26.90M | 24.70M | 20.00M | 16.30M |
| Other Long-Term Assets | 113.68M | 111.30M | 101.89M | 58.76M | 53.54M | 44.43M |
| Total Assets | 1.30B | 1.18B | 1.15B | 1.04B | 1.14B | 1.07B |
| Accounts Payable | 112.67M | 89.39M | 63.94M | 51.42M | 99.72M | 84.34M |
| Accrued Expenses | 180.15M | 128.98M | 162.74M | 117.70M | 135.81M | 119.39M |
| Current Portion of Long-Term Debt | 19.34M | 14.27M | 9.33M | 34.33M | 33.35M | |
| Current Portion of Leases | 9.95M | 11.34M | 11.46M | 10.55M | 10.85M | 13.96M |
| Current Unearned Revenue | 339.00M | 329.71M | 325.08M | 306.11M | 282.48M | 238.26M |
| Other Current Liabilities | 17.00M | 13.91M | 10.39M | 22.48M | 12.32M | 10.88M |
| Total Current Liabilities | 658.77M | 592.67M | 587.88M | 517.59M | 575.50M | 500.18M |
| Long-Term Debt | 200.00M | 144.38M | 163.72M | 178.26M | 187.59M | 270.57M |
| Long-Term Leases | 18.25M | 19.50M | 33.99M | 41.47M | 31.84M | 33.26M |
| Long-Term Unearned Revenue | 327.26M | 323.08M | 292.42M | 268.91M | 219.02M | 163.36M |
| Long-Term Deferred Tax Liabilities | 7.58M | 7.40M | 7.03M | 7.98M | 7.75M | 7.72M |
| Other Long-Term Liabilities | 2.23M | 2.19M | 2.60M | 3.11M | 3.25M | 3.09M |
| Total Liabilities | 1.21B | 1.09B | 1.09B | 1.02B | 1.02B | 978.17M |
| Common Stock | 159.00K | 157.00K | 153.00K | 149.00K | 144.00K | 140.00K |
| Additional Paid-In Capital | 1.38B | 1.37B | 1.30B | 1.22B | 1.17B | 1.12B |
| Retained Earnings | -891.33M | -907.31M | -949.43M | -941.96M | -856.00M | -934.07M |
| Treasury Stock | -386.94M | -361.94M | -275.79M | -237.80M | -187.95M | -88.09M |
| Comprehensive Income & Other | -16.92M | -16.01M | -8.14M | -15.48M | -13.19M | -3.06M |
| Shareholders' Equity | 87.98M | 88.59M | 65.58M | 25.28M | 116.75M | 90.34M |
| Total Liabilities & Equity | 1.30B | 1.18B | 1.15B | 1.04B | 1.14B | 1.07B |
| Total Debt | 228.20M | 194.57M | 223.44M | 239.60M | 264.61M | 351.13M |
| Net Cash (Debt) | 16.32M | 17.19M | 8.30M | -82.91M | -29.78M | -155.29M |
| Net Cash Per Share | 0.12 | 0.13 | 0.06 | -0.64 | -0.22 | -1.16 |
| Filing Date Shares Outstanding | 131.19M | 130.49M | 132.21M | 130.34M | 130.04M | 131.16M |
| Total Common Shares Outstanding | 132.20M | 131.22M | 132.06M | 130.28M | 127.78M | 129.26M |
| Working Capital | 12.16M | -42.88M | -52.58M | -50.66M | 657.00K | -11.09M |
| Book Value Per Share | 0.67 | 0.68 | 0.50 | 0.19 | 0.91 | 0.70 |
| Tangible Book Value | -312.01M | -312.25M | -340.53M | -379.04M | -294.07M | -342.32M |
| Tangible Book Value Per Share | -2.36 | -2.38 | -2.58 | -2.91 | -2.30 | -2.65 |
| Machinery | 86.11M | 84.47M | 88.81M | 85.36M | 90.51M | 84.85M |
| Leasehold Improvements | 53.37M | 53.71M | 47.96M | 47.88M | 48.94M | 52.56M |
| Order Backlog | 51.80M | 72.30M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 52.49M | 42.12M | -7.47M | -85.96M | 78.07M | 44.27M |
| Depreciation & Amortization | 18.91M | 19.20M | 19.22M | 29.45M | 34.88M | 40.16M |
| Other Amortization | 9.94M | 5.21M | ||||
| Stock-Based Compensation | 87.94M | 88.26M | 82.31M | 76.76M | 63.47M | 43.36M |
| Provision & Write-off of Bad Debts | 595.00K | 565.00K | 157.00K | 210.00K | 459.00K | 29.00K |
| Other Operating Activities | 18.75M | 16.28M | 16.43M | 81.17M | 13.05M | 21.53M |
| Change in Accounts Receivable | -22.45M | -38.45M | -37.35M | 92.32M | 1.59M | -26.23M |
| Change in Inventory | -14.57M | 24.31M | 27.18M | -116.43M | -49.13M | -17.77M |
| Change in Accounts Payable | 33.67M | 24.61M | 12.71M | -48.01M | 14.73M | 23.81M |
| Change in Unearned Revenue | 38.72M | 40.09M | 37.72M | 76.24M | 90.10M | 44.63M |
| Change in Other Net Operating Assets | -41.39M | -99.01M | 1.11M | -50.25M | 1.99M | -45.62M |
| Operating Cash Flow | 182.60M | 123.18M | 152.03M | 55.49M | 249.21M | 128.18M |
| Capital Expenditures | -27.85M | -27.94M | -24.71M | -18.12M | -13.80M | -15.43M |
| Cash Acquisitions | -69.52M | |||||
| Investing Cash Flow | -27.85M | -27.94M | -24.71M | -18.12M | -13.80M | -84.95M |
| Long-Term Debt Issued | 55.00M | 30.00M | 25.00M | |||
| Long-Term Debt Repaid | -70.00M | -10.00M | -65.00M | -108.62M | -38.12M | |
| Net Debt Issued (Repaid) | -1.25M | -15.00M | -10.00M | -35.00M | -83.62M | -38.12M |
| Repurchase of Common Stock | -113.67M | -99.50M | -41.89M | -79.98M | -105.00M | -51.51M |
| Other Financing Activities | -3.67M | -695.00K | -6.16M | -5.02M | ||
| Financing Cash Flow | -118.59M | -114.50M | -52.59M | -114.98M | -194.78M | -94.66M |
| Foreign Exchange Rate Adjustments | -655.00K | -728.00K | 314.00K | -514.00K | -325.00K | -936.00K |
| Net Cash Flow | 35.52M | -19.99M | 75.05M | -78.13M | 40.30M | -52.37M |
| Free Cash Flow | 154.76M | 95.24M | 127.32M | 37.37M | 235.41M | 112.74M |
| Free Cash Flow Margin | 11.77% | 7.42% | 11.17% | 3.35% | 17.94% | 10.14% |
| Free Cash Flow Per Share | 1.15 | 0.71 | 0.96 | 0.29 | 1.76 | 0.84 |
| Levered Free Cash Flow | 144.99M | 81.45M | 149.50M | 57.91M | 177.80M | 93.91M |
| Unlevered Free Cash Flow | 152.46M | 90.06M | 159.45M | 68.53M | 188.66M | 101.90M |
| Cash Interest Paid | 12.40M | 12.40M | 14.75M | 14.69M | 13.09M | 9.27M |
| Cash Income Tax Paid | 12.53M | 12.53M | 4.07M | 15.61M | 12.00M | 7.78M |
| Change in Working Capital | -6.03M | -48.45M | 41.38M | -46.14M | 59.28M | -21.18M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.92B | 4.23B | 2.39B | 1.75B | 3.36B | 1.17B |
| Enterprise Value | 2.91B | 4.26B | 2.43B | 1.84B | 3.44B | 1.35B |
| Last Close Price | 22.61 | 32.37 | 17.95 | 13.45 | 26.05 | 8.92 |
| PE Ratio | 57.16 | 100.51 | 43.04 | 26.36 | ||
| Forward PE | 15.99 | 26.75 | 19.63 | 21.65 | 18.71 | 11.12 |
| PS Ratio | 2.24 | 3.30 | 2.10 | 1.56 | 2.56 | 1.05 |
| PB Ratio | 33.97 | 47.78 | 36.45 | 69.13 | 28.78 | 12.92 |
| P/FCF Ratio | 19.00 | 44.45 | 18.77 | 46.78 | 14.27 | 10.35 |
| P/OCF Ratio | 16.10 | 34.37 | 15.72 | 31.50 | 13.48 | 9.11 |
| PEG Ratio | 0.90 | 1.34 | 1.16 | 1.17 | 0.94 | 0.56 |
| EV/Sales Ratio | 2.22 | 3.32 | 2.13 | 1.65 | 2.62 | 1.21 |
| EV/EBITDA Ratio | 28.76 | 51.21 | 64.58 | 3,249.03 | 22.25 | 11.93 |
| EV/EBIT Ratio | 35.33 | 66.59 | 131.89 | 28.74 | 18.50 | |
| EV/FCF Ratio | 18.89 | 44.72 | 19.10 | 49.22 | 14.60 | 11.97 |
| Debt / Equity Ratio | 2.59 | 2.20 | 3.41 | 9.48 | 2.27 | 3.89 |
| Debt / EBITDA Ratio | 1.93 | 1.96 | 4.12 | 12.42 | 1.51 | 2.57 |
| Debt / FCF Ratio | 1.48 | 2.04 | 1.75 | 6.41 | 1.12 | 3.11 |
| Net Debt / Equity Ratio | -0.19 | -0.19 | -0.13 | 3.28 | 0.26 | 1.72 |
| Net Debt / EBITDA Ratio | -0.16 | -0.21 | -0.22 | 146.47 | 0.19 | 1.37 |
| Net Debt / FCF Ratio | -0.10 | -0.18 | -0.07 | 2.22 | 0.13 | 1.38 |
| Asset Turnover | 1.07 | 1.10 | 1.04 | 1.02 | 1.19 | 1.07 |
| Inventory Turnover | 5.17 | 5.73 | 3.54 | 4.23 | 8.07 | 11.75 |
| Quick Ratio | 0.63 | 0.64 | 0.61 | 0.48 | 0.72 | 0.76 |
| Current Ratio | 1.02 | 0.93 | 0.91 | 0.90 | 1.00 | 0.98 |
| Return on Equity (ROE) | 67.06% | 54.64% | -16.43% | -121.05% | 75.40% | 61.14% |
| Return on Assets (ROA) | 4.21% | 3.43% | 1.05% | -1.65% | 6.76% | 4.39% |
| Return on Invested Capital (ROIC) | 98.62% | 81.34% | -38.95% | -22.68% | 50.60% | 27.80% |
| Return on Capital Employed (ROCE) | 12.90% | 10.90% | 3.30% | -5.50% | 21.10% | 12.80% |
| Earnings Yield | 1.75% | 1.00% | -0.31% | -4.92% | 2.32% | 3.79% |
| FCF Yield | 5.26% | 2.25% | 5.33% | 2.14% | 7.01% | 9.66% |
| Buyback Yield / Dilution | -1.18% | -1.99% | -2.35% | 3.26% | -0.12% | -4.56% |