Cambium Networks Financials
This page shows Cambium Networks (CMBM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cambium Networks has an operating margin of -27.6%, meaning the company retains $-28 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 6.7% the prior year.
Cambium Networks's revenue declined 25.8% year-over-year, from $296.9M to $220.2M. This contraction results in a growth score of 0/100.
Cambium Networks carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Cambium Networks's current ratio of 1.69 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
While Cambium Networks generated -$17.0M in operating cash flow, capex of $4.6M consumed most of it, leaving -$21.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Cambium Networks passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Cambium Networks generates $0.22 in operating cash flow (-$17.0M OCF vs -$77.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Cambium Networks earns $-24.1 in operating income for every $1 of interest expense (-$60.9M vs $2.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Cambium Networks generated $220.2M in revenue in fiscal year 2023. This represents a decrease of 25.8% from the prior year.
Cambium Networks's EBITDA was -$54.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 311.5% from the prior year.
Cambium Networks generated -$21.5M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 182.4% from the prior year.
Cambium Networks reported -$77.4M in net income in fiscal year 2023. This represents a decrease of 483.3% from the prior year.
Cambium Networks earned $-2.81 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 490.3% from the prior year.
Cambium Networks held $18.7M in cash against $21.9M in long-term debt as of fiscal year 2023.
Cambium Networks paid $0.00 per share in dividends in fiscal year 2023.
Cambium Networks had 28M shares outstanding in fiscal year 2023. This represents an increase of 1.9% from the prior year.
Cambium Networks's gross margin was 31.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 17.6 percentage points from the prior year.
Cambium Networks's operating margin was -27.6% in fiscal year 2023, reflecting core business profitability. This is down 34.3 percentage points from the prior year.
Cambium Networks's net profit margin was -35.2% in fiscal year 2023, showing the share of revenue converted to profit. This is down 42.0 percentage points from the prior year.
Cambium Networks invested $53.5M in research and development in fiscal year 2023. This represents an increase of 7.2% from the prior year.
Cambium Networks invested $4.6M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 0.3% from the prior year.
CMBM Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.7M-4.8% | $45.9M+8.5% | $42.3M+5.3% | $40.2M-32.5% | $59.5M-23.1% | $77.4M-8.4% | $84.5M+4.1% | $81.2M |
| Cost of Revenue | $26.3M-16.7% | $31.5M-6.3% | $33.7M-34.3% | $51.2M+69.1% | $30.3M-19.7% | $37.7M-12.5% | $43.1M+7.8% | $40.0M |
| Gross Profit | $17.4M+21.1% | $14.4M+65.9% | $8.7M+178.7% | -$11.0M-137.7% | $29.2M-26.3% | $39.7M-4.1% | $41.4M+0.5% | $41.2M |
| R&D Expenses | $9.3M+1.4% | $9.1M-15.3% | $10.8M-17.3% | $13.1M+0.4% | $13.0M-8.8% | $14.3M+10.8% | $12.9M+2.1% | $12.6M |
| SG&A Expenses | $6.1M+2.7% | $6.0M-20.3% | $7.5M+21.0% | $6.2M+6.4% | $5.8M-12.5% | $6.7M+23.0% | $5.4M-10.5% | $6.1M |
| Operating Income | -$8.1M+33.4% | -$12.1M+42.3% | -$21.0M+49.6% | -$41.6M-1439.6% | -$2.7M-148.6% | $5.6M-41.1% | $9.4M-5.1% | $10.0M |
| Interest Expense | $1.4M+7.6% | $1.3M+48.0% | $881K+21.5% | $725K+25.2% | $579K-3.0% | $597K+6.8% | $559K+8.8% | $514K |
| Income Tax | $206K+104.8% | -$4.3M-194.2% | $4.5M-57.0% | $10.5M+1594.7% | -$704K-230.9% | $538K+147.4% | -$1.1M-637.0% | -$154K |
| Net Income | -$9.7M-5.8% | -$9.1M+65.4% | -$26.4M+50.0% | -$52.9M-1900.5% | -$2.6M-161.8% | $4.3M-57.3% | $10.0M+6.1% | $9.4M |
| EPS (Diluted) | $-0.34-3.0% | $-0.33+65.3% | $-0.95+50.3% | $-1.91-1810.0% | $-0.10-166.7% | $0.15-58.3% | $0.36+5.9% | $0.34 |
CMBM Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $222.6M-1.1% | $225.1M+0.7% | $223.6M+2.6% | $217.9M-22.3% | $280.3M-1.0% | $283.1M+5.0% | $269.5M+8.9% | $247.4M |
| Current Assets | $171.2M-0.6% | $172.2M+0.2% | $171.8M+5.7% | $162.6M-25.5% | $218.3M-2.4% | $223.7M+5.0% | $213.0M+9.8% | $194.1M |
| Cash & Equivalents | $46.5M+9.2% | $42.6M+10.0% | $38.7M+106.9% | $18.7M-41.5% | $32.0M-17.4% | $38.7M-19.7% | $48.2M+7.4% | $44.9M |
| Inventory | $43.0M-14.0% | $50.0M-10.1% | $55.6M-16.9% | $66.9M-18.8% | $82.3M+20.5% | $68.3M+19.7% | $57.1M+12.7% | $50.6M |
| Accounts Receivable | $57.3M+1.0% | $56.7M-2.5% | $58.2M-9.3% | $64.1M-26.2% | $86.8M-11.6% | $98.2M+9.9% | $89.3M+5.9% | $84.4M |
| Goodwill | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M |
| Total Liabilities | $179.0M+2.8% | $174.1M+4.4% | $166.8M+21.8% | $136.9M+8.5% | $126.2M-3.3% | $130.5M+5.2% | $124.1M+5.5% | $117.6M |
| Current Liabilities | $156.1M+74.8% | $89.3M+2.3% | $87.3M-9.4% | $96.3M+8.1% | $89.1M-5.0% | $93.8M+7.5% | $87.2M+8.8% | $80.2M |
| Long-Term Debt | $0-100.0% | $65.7M+7.1% | $61.3M+179.6% | $21.9M-5.5% | $23.2M-2.6% | $23.8M-2.6% | $24.5M-2.5% | $25.1M |
| Total Equity | $43.6M-14.4% | $51.0M-10.3% | $56.8M-29.8% | $80.9M-47.5% | $154.1M+1.0% | $152.5M+4.9% | $145.4M+12.0% | $129.8M |
| Retained Earnings | -$109.9M-9.7% | -$100.2M-10.0% | -$91.0M-40.9% | -$64.6M-546.9% | $14.5M-15.5% | $17.1M+33.3% | $12.8M+356.1% | $2.8M |
CMBM Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.9M+270.6% | $2.4M+115.3% | -$15.6M-151.3% | -$6.2M-37.7% | -$4.5M+24.1% | -$6.0M-248.0% | $4.0M+86.5% | $2.2M |
| Capital Expenditures | $2.1M-8.0% | $2.3M+31.0% | $1.8M+43.9% | $1.2M+84.1% | $667K-57.5% | $1.6M+17.8% | $1.3M+36.8% | $974K |
| Free Cash Flow | $6.8M+7680.5% | $87K+100.5% | -$17.4M-133.6% | -$7.5M-43.7% | -$5.2M+31.1% | -$7.5M-379.4% | $2.7M+127.3% | $1.2M |
| Investing Cash Flow | -$3.7M+12.2% | -$4.2M-38.2% | -$3.0M-28.6% | -$2.3M+4.8% | -$2.5M+20.7% | -$3.1M-21.2% | -$2.6M-6.1% | -$2.4M |
| Financing Cash Flow | -$1.3M-123.3% | $5.6M-85.4% | $38.7M+15693.5% | -$248K-193.6% | $265K+163.5% | -$417K-122.8% | $1.8M+336.2% | -$774K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CMBM Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.9%+8.5pp | 31.4%+10.8pp | 20.5%+47.9pp | -27.4%-76.5pp | 49.1%-2.1pp | 51.2%+2.3pp | 48.9%-1.8pp | 50.7% |
| Operating Margin | -18.4%+7.9pp | -26.3%+23.2pp | -49.5%+54.0pp | -103.5%-99.0pp | -4.5%-11.7pp | 7.2%-4.0pp | 11.2%-1.1pp | 12.3% |
| Net Margin | -22.1%-2.2pp | -19.9%+42.6pp | -62.5%+69.0pp | -131.5%-127.0pp | -4.4%-10.0pp | 5.5%-6.3pp | 11.8%+0.2pp | 11.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | 2.8%-4.1pp | 6.9%-0.4pp | 7.3% |
| Return on Assets | -4.3%-0.3pp | -4.1%+7.8pp | -11.8%+12.4pp | -24.3%-23.3pp | -0.9%-2.5pp | 1.5%-2.2pp | 3.7%-0.1pp | 3.8% |
| Current Ratio | 1.10-0.8 | 1.93-0.0 | 1.97+0.3 | 1.69-0.8 | 2.45+0.1 | 2.39-0.1 | 2.44+0.0 | 2.42 |
| Debt-to-Equity | 0.00-1.3 | 1.29+0.2 | 1.08+0.8 | 0.27+0.1 | 0.150.0 | 0.16-0.0 | 0.17-0.0 | 0.19 |
| FCF Margin | 15.5%+15.3pp | 0.2%+41.3pp | -41.1%-22.6pp | -18.5%-9.8pp | -8.7%+1.0pp | -9.7%-12.9pp | 3.2%+1.7pp | 1.5% |
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Frequently Asked Questions
What is Cambium Networks's annual revenue?
Cambium Networks (CMBM) reported $220.2M in total revenue for fiscal year 2023. This represents a -25.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cambium Networks's revenue growing?
Cambium Networks (CMBM) revenue declined by 25.8% year-over-year, from $296.9M to $220.2M in fiscal year 2023.
Is Cambium Networks profitable?
No, Cambium Networks (CMBM) reported a net income of -$77.4M in fiscal year 2023, with a net profit margin of -35.2%.
What is Cambium Networks's earnings per share (EPS)?
Cambium Networks (CMBM) reported diluted earnings per share of $-2.81 for fiscal year 2023. This represents a -490.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Cambium Networks's EBITDA?
Cambium Networks (CMBM) had EBITDA of -$54.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cambium Networks have?
As of fiscal year 2023, Cambium Networks (CMBM) had $18.7M in cash and equivalents against $21.9M in long-term debt.
What is Cambium Networks's gross margin?
Cambium Networks (CMBM) had a gross margin of 31.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cambium Networks's operating margin?
Cambium Networks (CMBM) had an operating margin of -27.6% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Cambium Networks's net profit margin?
Cambium Networks (CMBM) had a net profit margin of -35.2% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Cambium Networks's free cash flow?
Cambium Networks (CMBM) generated -$21.5M in free cash flow during fiscal year 2023. This represents a -182.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cambium Networks's operating cash flow?
Cambium Networks (CMBM) generated -$17.0M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Cambium Networks's total assets?
Cambium Networks (CMBM) had $217.9M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Cambium Networks's capital expenditures?
Cambium Networks (CMBM) invested $4.6M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How much does Cambium Networks spend on research and development?
Cambium Networks (CMBM) invested $53.5M in research and development during fiscal year 2023.
How many shares does Cambium Networks have outstanding?
Cambium Networks (CMBM) had 28M shares outstanding as of fiscal year 2023.
What is Cambium Networks's current ratio?
Cambium Networks (CMBM) had a current ratio of 1.69 as of fiscal year 2023, which is generally considered healthy.
What is Cambium Networks's debt-to-equity ratio?
Cambium Networks (CMBM) had a debt-to-equity ratio of 0.27 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cambium Networks's return on assets (ROA)?
Cambium Networks (CMBM) had a return on assets of -35.5% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Cambium Networks's cash runway?
Based on fiscal year 2023 data, Cambium Networks (CMBM) had $18.7M in cash against an annual operating cash burn of $17.0M. This gives an estimated cash runway of approximately 13 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Cambium Networks's Piotroski F-Score?
Cambium Networks (CMBM) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cambium Networks's earnings high quality?
Cambium Networks (CMBM) has an earnings quality ratio of 0.22x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cambium Networks cover its interest payments?
Cambium Networks (CMBM) has an interest coverage ratio of -24.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cambium Networks?
Cambium Networks (CMBM) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.