NASDAQ : NTGR
NETGEAR, Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 22.6 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 614.25M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
NETGEAR, Inc. (NTGR) reported revenue of 694.41M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 694.41M | 699.62M | 673.76M | 740.84M | 932.47M | 1.17B |
| Cost of Revenue | 416.44M | 433.43M | 477.83M | 491.59M | 681.92M | 802.24M |
| Gross Profit | 277.98M | 266.19M | 195.93M | 249.25M | 250.55M | 365.84M |
| Selling, General & Admin | 212.99M | 206.65M | 187.16M | 194.02M | 195.99M | 205.62M |
| Research & Development | 90.56M | 85.72M | 81.08M | 83.30M | 88.44M | 92.97M |
| Operating Expenses | 303.55M | 292.37M | 268.24M | 277.32M | 284.43M | 298.59M |
| Operating Income | -25.57M | -26.18M | -72.32M | -28.06M | -33.88M | 67.25M |
| Interest & Investment Income | 8.99M | 11.59M | 12.15M | 6.84M | 1.82M | 157.00K |
| Currency Exchange Gain (Loss) | -2.89M | 907.00K | -142.00K | 261.00K | 357.00K | -653.00K |
| Other Non Operating Income (Expenses) | 3.54M | -1.01M | 765.00K | |||
| EBT Excluding Unusual Items | -17.25M | -13.69M | -60.31M | -20.96M | -32.71M | 67.52M |
| Merger & Restructuring Charges | -7.60M | -7.76M | -4.48M | -3.96M | -4.58M | -3.34M |
| Impairment of Goodwill | -44.44M | |||||
| Gain (Loss) on Sale of Investments | 4.88M | 4.88M | 662.00K | 1.04M | -271.00K | -1.36M |
| Asset Writedown | -1.07M | |||||
| Legal Settlements | -670.00K | -209.00K | 89.01M | 5.82M | -20.00K | -315.00K |
| Other Unusual Items | 3.00M | |||||
| Pretax Income | -25.34M | -16.78M | 24.89M | -19.14M | -82.02M | 65.50M |
| Income Tax Expense | 419.00K | 1.15M | 12.53M | 85.63M | -13.04M | 16.12M |
| Earnings From Continuing Operations | -25.75M | -17.92M | 12.36M | -104.77M | -68.99M | 49.39M |
| Net Income | -25.75M | -17.92M | 12.36M | -104.77M | -68.99M | 49.39M |
| Net Income to Common | -25.75M | -17.92M | 12.36M | -104.77M | -68.99M | 49.39M |
| Shares Outstanding (Basic) | 27.95M | 28.61M | 28.91M | 29.36M | 29.01M | 30.24M |
| Shares Outstanding (Diluted) | 27.95M | 28.61M | 29.68M | 29.36M | 29.01M | 31.00M |
| EPS (Basic) | -0.92 | -0.63 | 0.43 | -3.57 | -2.38 | 1.63 |
| EPS (Diluted) | -0.93 | -0.63 | 0.42 | -3.57 | -2.38 | 1.59 |
| Free Cash Flow | -17.25M | -18.91M | 155.80M | 51.05M | -19.49M | -14.44M |
| Free Cash Flow Per Share | -0.62 | -0.66 | 5.25 | 1.74 | -0.67 | -0.47 |
| Gross Margin | 40.03% | 38.05% | 29.08% | 33.65% | 26.87% | 31.32% |
| Operating Margin | -3.68% | -3.74% | -10.73% | -3.79% | -3.63% | 5.76% |
| Profit Margin | -3.71% | -2.56% | 1.84% | -14.14% | -7.40% | 4.23% |
| Free Cash Flow Margin | -2.48% | -2.70% | 23.12% | 6.89% | -2.09% | -1.24% |
| EBITDA | -13.65M | -18.18M | -65.80M | -20.90M | -23.82M | 81.16M |
| EBITDA Margin | -1.97% | -2.60% | -9.77% | -2.82% | -2.55% | 6.95% |
| D&A For EBITDA | 11.93M | 8.00M | 6.51M | 7.16M | 10.07M | 13.91M |
| EBIT | -25.57M | -26.18M | -72.32M | -28.06M | -33.88M | 67.25M |
| EBIT Margin | -3.68% | -3.74% | -10.73% | -3.79% | -3.63% | 5.76% |
| Effective Tax Rate | 50.32% | 24.61% | ||||
| Advertising Expenses | 19.50M | 23.30M | 28.90M | 27.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 174.30M | 209.90M | 286.44M | 176.72M | 146.50M | 263.77M |
| Short-Term Investments | 93.58M | 113.13M | 122.25M | 106.93M | 80.92M | 7.74M |
| Cash & Short-Term Investments | 267.88M | 323.04M | 408.69M | 283.65M | 227.43M | 271.52M |
| Accounts Receivable | 152.82M | 142.04M | 156.21M | 185.06M | 277.49M | 261.16M |
| Other Receivables | 1.20M | 1.10M | 800.00K | |||
| Receivables | 154.02M | 143.15M | 157.01M | 185.06M | 277.49M | 261.16M |
| Inventory | 174.93M | 176.46M | 162.54M | 248.85M | 299.61M | 315.67M |
| Prepaid Expenses | 36.02M | 30.33M | 28.74M | 30.13M | 29.11M | 33.38M |
| Other Current Assets | 810.00K | 315.00K | 1.05M | 291.00K | 652.00K | 1.37M |
| Total Current Assets | 633.66M | 673.28M | 758.03M | 747.98M | 834.29M | 883.09M |
| Property, Plant & Equipment | 57.53M | 62.72M | 39.34M | 45.56M | 50.09M | 36.51M |
| Long-Term Investments | 8.78M | 8.73M | 8.38M | 8.37M | 7.88M | 7.58M |
| Goodwill | 45.02M | 45.02M | 36.28M | 36.28M | 36.28M | 80.72M |
| Other Intangible Assets | 35.64M | 38.48M | 1.33M | 1.86M | ||
| Long-Term Deferred Tax Assets | 2.21M | 2.39M | 2.33M | 3.34M | 85.70M | 63.80M |
| Other Long-Term Assets | 5.85M | 5.65M | 5.87M | 5.62M | 4.21M | 4.98M |
| Total Assets | 788.70M | 836.27M | 850.23M | 847.14M | 1.02B | 1.08B |
| Accounts Payable | 54.04M | 43.75M | 58.48M | 46.85M | 85.55M | 73.73M |
| Accrued Expenses | 128.98M | 130.11M | 123.63M | 135.25M | 171.25M | 190.34M |
| Current Portion of Leases | 10.31M | 9.93M | 10.84M | 11.87M | 11.01M | 9.22M |
| Current Income Taxes Payable | 1.04M | 809.00K | 9.97M | 1.04M | 1.69M | 1.53M |
| Current Unearned Revenue | 25.46M | 26.90M | 30.26M | 27.09M | 21.13M | 16.50M |
| Other Current Liabilities | 35.57M | 38.72M | 36.90M | 42.25M | 55.35M | 49.73M |
| Total Current Liabilities | 255.40M | 250.22M | 270.08M | 264.35M | 345.97M | 341.05M |
| Long-Term Leases | 35.51M | 41.02M | 19.80M | 29.70M | 34.09M | 18.57M |
| Long-Term Unearned Revenue | 3.99M | 4.21M | 5.10M | 4.90M | 3.90M | 3.10M |
| Other Long-Term Liabilities | 37.38M | 43.01M | 14.18M | 12.70M | 14.98M | 19.00M |
| Total Liabilities | 332.28M | 338.45M | 309.16M | 311.65M | 398.93M | 381.72M |
| Common Stock | 27.00K | 28.00K | 29.00K | 30.00K | 29.00K | 29.00K |
| Additional Paid-In Capital | 1.06B | 1.04B | 997.91M | 967.65M | 946.12M | 923.23M |
| Retained Earnings | -600.89M | -538.95M | -457.12M | -432.32M | -324.76M | -226.59M |
| Comprehensive Income & Other | -32.00K | 196.00K | 241.00K | 136.00K | -535.00K | 149.00K |
| Shareholders' Equity | 456.43M | 497.82M | 541.07M | 535.50M | 620.86M | 696.82M |
| Total Liabilities & Equity | 788.70M | 836.27M | 850.23M | 847.14M | 1.02B | 1.08B |
| Total Debt | 45.81M | 50.95M | 30.63M | 41.57M | 45.10M | 27.79M |
| Net Cash (Debt) | 222.07M | 272.09M | 378.06M | 242.08M | 182.33M | 243.73M |
| Net Cash Per Share | 7.95 | 9.51 | 12.74 | 8.25 | 6.29 | 7.86 |
| Filing Date Shares Outstanding | 27.18M | 28.11M | 28.87M | 29.66M | 28.91M | 29.36M |
| Total Common Shares Outstanding | 27.14M | 27.94M | 28.50M | 29.62M | 28.91M | 29.29M |
| Working Capital | 378.27M | 423.06M | 487.95M | 483.63M | 488.32M | 542.05M |
| Book Value Per Share | 16.82 | 17.82 | 18.98 | 18.08 | 21.48 | 23.79 |
| Tangible Book Value | 375.76M | 414.32M | 504.79M | 499.22M | 583.25M | 614.24M |
| Tangible Book Value Per Share | 13.84 | 14.83 | 17.71 | 16.86 | 20.18 | 20.97 |
| Machinery | 63.55M | 60.86M | 63.92M | 71.49M | 105.10M | 103.90M |
| Leasehold Improvements | 21.76M | 21.48M | 15.84M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -25.75M | -17.92M | 12.36M | -104.77M | -68.99M | 49.39M |
| Depreciation & Amortization | 11.93M | 8.00M | 6.51M | 7.16M | 10.07M | 13.91M |
| Asset Writedown & Restructuring Costs | 1.07M | 44.44M | ||||
| Loss (Gain) From Sale of Investments | -87.00K | 1.36M | ||||
| Stock-Based Compensation | 35.77M | 29.71M | 22.68M | 17.94M | 17.73M | 26.00M |
| Other Operating Activities | 6.55M | 2.52M | 3.51M | 82.26M | -18.18M | 5.37M |
| Change in Accounts Receivable | -7.95M | 14.16M | 28.85M | 92.42M | -16.33M | 75.89M |
| Change in Inventory | -22.55M | -17.41M | 80.25M | 47.59M | 12.40M | -147.43M |
| Change in Accounts Payable | -4.47M | -14.88M | 11.49M | -38.95M | 11.86M | -16.49M |
| Change in Unearned Revenue | -4.33M | -4.25M | 3.37M | 6.97M | 5.42M | 2.98M |
| Change in Income Taxes | -455.00K | -9.88M | 3.83M | -2.92M | -3.86M | -5.97M |
| Change in Other Net Operating Assets | 14.87M | 11.55M | -8.05M | -51.93M | -8.21M | -9.57M |
| Operating Cash Flow | 3.61M | 1.61M | 164.80M | 56.85M | -13.73M | -4.58M |
| Capital Expenditures | -20.86M | -20.52M | -8.99M | -5.80M | -5.76M | -9.86M |
| Cash Acquisitions | -8.00K | -12.19M | ||||
| Investment in Securities | 29.60M | 10.07M | -17.16M | -21.63M | -73.76M | -121.00K |
| Investing Cash Flow | 8.73M | -22.64M | -26.16M | -27.43M | -79.52M | -9.98M |
| Issuance of Common Stock | 4.12M | 8.92M | 7.58M | 3.59M | 5.16M | 14.54M |
| Repurchase of Common Stock | -80.70M | -64.42M | -36.50M | -2.79M | -29.18M | -82.66M |
| Other Financing Activities | -2.48M | |||||
| Financing Cash Flow | -79.06M | -55.51M | -28.91M | 797.00K | -24.02M | -68.12M |
| Net Cash Flow | -66.72M | -76.54M | 109.73M | 30.22M | -117.27M | -82.69M |
| Free Cash Flow | -17.25M | -18.91M | 155.80M | 51.05M | -19.49M | -14.44M |
| Free Cash Flow Margin | -2.48% | -2.70% | 23.12% | 6.89% | -2.09% | -1.24% |
| Free Cash Flow Per Share | -0.62 | -0.66 | 5.25 | 1.74 | -0.67 | -0.47 |
| Levered Free Cash Flow | -9.18M | -19.03M | 96.76M | 61.81M | 8.71M | -23.75M |
| Unlevered Free Cash Flow | -8.37M | -19.03M | 96.76M | 61.81M | 8.71M | -23.75M |
| Cash Income Tax Paid | 13.77M | 13.77M | 7.74M | 7.19M | 9.40M | 20.59M |
| Change in Working Capital | -24.88M | -20.70M | 119.73M | 53.19M | 1.28M | -100.60M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 617.51M | 696.72M | 801.81M | 431.69M | 523.36M | 854.83M |
| Enterprise Value | 395.44M | 416.91M | 439.63M | 247.36M | 331.60M | 592.16M |
| Last Close Price | 22.60 | 24.53 | 27.87 | 14.58 | 18.11 | 29.21 |
| PE Ratio | 64.86 | 17.31 | ||||
| Forward PE | 104.21 | 141.55 | 37.30 | 102.68 | 215.59 | 30.64 |
| PS Ratio | 0.89 | 1.00 | 1.19 | 0.58 | 0.56 | 0.73 |
| PB Ratio | 1.34 | 1.40 | 1.48 | 0.81 | 0.84 | 1.23 |
| P/TBV Ratio | 1.65 | 1.68 | 1.59 | 0.86 | 0.90 | 1.39 |
| P/FCF Ratio | 5.15 | 8.46 | ||||
| P/OCF Ratio | 171.78 | 433.82 | 4.87 | 7.59 | ||
| PEG Ratio | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | |
| EV/Sales Ratio | 0.57 | 0.60 | 0.65 | 0.33 | 0.36 | 0.51 |
| EV/EBITDA Ratio | 7.30 | |||||
| EV/EBIT Ratio | 8.80 | |||||
| EV/FCF Ratio | 2.82 | 4.84 | ||||
| Debt / Equity Ratio | 0.10 | 0.10 | 0.06 | 0.08 | 0.07 | 0.04 |
| Debt / EBITDA Ratio | 0.31 | |||||
| Debt / FCF Ratio | 0.20 | 0.81 | ||||
| Net Debt / Equity Ratio | -0.49 | -0.55 | -0.70 | -0.45 | -0.29 | -0.35 |
| Net Debt / EBITDA Ratio | 16.27 | 14.96 | 5.75 | 11.58 | 7.66 | -3.00 |
| Net Debt / FCF Ratio | 12.87 | 14.39 | -2.43 | -4.74 | 9.36 | 16.88 |
| Asset Turnover | 0.87 | 0.83 | 0.79 | 0.79 | 0.89 | 1.07 |
| Inventory Turnover | 2.51 | 2.56 | 2.32 | 1.79 | 2.22 | 3.29 |
| Quick Ratio | 1.65 | 1.86 | 2.10 | 1.77 | 1.46 | 1.56 |
| Current Ratio | 2.48 | 2.69 | 2.81 | 2.83 | 2.41 | 2.59 |
| Return on Equity (ROE) | -5.26% | -3.45% | 2.30% | -18.12% | -10.47% | 7.13% |
| Return on Assets (ROA) | -2.01% | -1.94% | -5.33% | -1.88% | -2.02% | 3.85% |
| Return on Invested Capital (ROIC) | -11.19% | -13.47% | -15.74% | -7.67% | -7.60% | 12.31% |
| Return on Capital Employed (ROCE) | -4.80% | -4.50% | -12.50% | -4.80% | -5.00% | 9.10% |
| Earnings Yield | -4.09% | -2.57% | 1.54% | -24.27% | -13.18% | 5.78% |
| FCF Yield | -2.78% | -2.71% | 19.43% | 11.83% | -3.72% | -1.69% |
| Buyback Yield / Dilution | 5.33% | 3.62% | -1.12% | -1.20% | 6.44% | -1.18% |