Cambium Networks (CMBM) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CMBM SEC filings page.
Cambium Networks (CMBM) reported $170.5M in revenue over the twelve months to Mar 31, 2026, up 4.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Margin recovery is outpacing revenue, but negative equity and weak liquidity keep the business balance-sheet constrained.
The margin recovery occurred during continued sales contraction: gross margin moved from35.5% to40.2% , so the improvement was not volume-led. Gross profit dollars still rose from$62.9M to$64.2M , pointing to lower direct costs or mix as the mechanism rather than scale.
In FY2025, net income was
Liabilities exceeded assets in FY2025, leaving negative equity of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cambium Networks's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cambium Networks held $11.3M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $15.7M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Cambium Networks scores 27/100 among other emerging companies.
Cambium Networks had 29M shares outstanding at the end of fiscal year 2025, against 29M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Cambium Networks scores 65/100 among other emerging companies.
Cambium Networks spent $32.9M on research and development in fiscal year 2025, which was 17.5% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Cambium Networks scores 48/100 among other emerging companies.
Cambium Networks reported revenue of $159.6M in fiscal year 2025, against $177.3M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Cambium Networks scores 23/100 among other emerging companies.
Cambium Networks's operations used $15.7M of cash in fiscal year 2025, against $15.0M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Cambium Networks scores 48/100 among other emerging companies.
Cambium Networks's cash, cash equivalents and investments came to $11.3M at the end of fiscal year 2025, against $173.1M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Cambium Networks scores 12/100 among other emerging companies.
Cambium Networks scores -1.89, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($11.3M) relative to total liabilities ($173.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cambium Networks passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Cambium Networks reported a net loss of $38.5M while operations used $15.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Cambium Networks reported an operating loss of $28.0M against $9.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Cambium Networks generated $44.6M in revenue in Q1 2026. This represents an increase of 32.1% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.
Cambium Networks's EBITDA was -$826K in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 91.3% from the same quarter a year earlier. Against the prior quarter it is up 85.0%.
Cambium Networks reported -$3.4M in net income in Q1 2026. This represents an increase of 71.7% from the same quarter a year earlier. Against the prior quarter it is up 61.5%.
Cambium Networks earned -$0.12 per diluted share (EPS) in Q1 2026. This represents an increase of 71.4% from the same quarter a year earlier.
Cash & Balance Sheet
Cambium Networks recorded an outflow of $4.4M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents an increase of 11.8% from the same quarter a year earlier. Against the prior quarter it is down 263.0%.
Cambium Networks held $5.9M in cash against $0 in long-term debt as of Q1 2026, with $141.9M of liabilities due within a year.
Not reported for Q1 2026.
Margins & Returns
Cambium Networks's gross margin was 50.8% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 7.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.6 percentage points.
Cambium Networks's operating margin was -2.6% in Q1 2026, reflecting core business profitability. This is up 25.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.1 percentage points.
Cambium Networks's net profit margin was -7.6% in Q1 2026, showing the share of revenue converted to profit. This is up 28.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.7 percentage points.
Not reported for Q1 2026.
Capital Allocation
Cambium Networks invested $7.9M in research and development in Q1 2026. This represents a decrease of 15.5% from the same quarter a year earlier. Against the prior quarter it is down 6.1%.
Cambium Networks invested $69K in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 68.2% from the same quarter a year earlier. Against the prior quarter it is up 23.2%.
Not reported for Q1 2026.
CMBM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.6M+32.1% | $43.5M+7.9% | $43.0M-3.7% | $39.4M-12.9% | $33.7M-28.3% | $40.3M-23.2% | $44.7M+0.1% | $45.2M-15.8% |
| Cost of Revenue | $21.9M+14.5% | $26.5M+3.5% | $26.6M+5.4% | $23.3M-23.6% | $19.1M-42.1% | $25.6M-42.5% | $25.2M-22.9% | $30.5M-6.9% |
| Gross Profit | $22.7M+55.0% | $17.1M+15.7% | $16.4M-15.6% | $16.1M+9.2% | $14.6M+4.3% | $14.7M+84.9% | $19.5M+63.5% | $14.7M-29.8% |
| R&D Expenses | $7.9M-15.5% | $8.4M-16.3% | $7.7M-17.3% | $7.4M-19.0% | $9.4M-13.4% | $10.1M-22.3% | $9.3M-28.7% | $9.1M-30.9% |
| SG&A Expenses | $8.0M+26.8% | $6.6M+12.5% | $7.1M+13.6% | $6.4M-0.5% | $6.3M-15.2% | $5.9M-16.9% | $6.2M-24.9% | $6.5M+10.9% |
| Operating Income | -$1.2M+87.8% | -$6.0M+48.0% | -$5.8M+81.2% | -$6.6M+46.6% | -$9.6M+38.4% | -$11.4M+51.0% | -$31.1M-50.7% | -$12.3M-9.3% |
| EBITDA | -$826K+91.3% | -$5.5M+48.2% | -$5.4M+81.6% | -$6.1M+42.5% | -$9.5M+32.1% | -$10.6M+51.1% | -$29.4M-54.1% | -$10.6M-9.8% |
| Interest Expense | $2.0M+4.0% | $2.3M+23.4% | $2.4M+41.7% | $2.3M+67.3% | $2.0M+123.7% | $1.9M+157.1% | $1.7M+174.5% | $1.4M+141.1% |
| Income Tax | $408K+7.9% | $571K+109.4% | $341K-80.2% | $258K-53.7% | $378K-80.4% | -$6.1M-797.8% | $1.7M-88.6% | $557K-63.9% |
| Net Income | -$3.4M+71.7% | -$8.8M-21.3% | -$8.5M+75.3% | -$9.1M+35.9% | -$12.0M+34.9% | -$7.3M+70.8% | -$34.5M+5.1% | -$14.2M-6.0% |
| EPS (Basic) | -$0.12+71.4% | N/A | -$0.30+75.4% | -$0.32+37.3% | -$0.42+36.4% | N/A | -$1.22+7.6% | -$0.51-4.1% |
| EPS (Diluted) | -$0.12+71.4% | N/A | -$0.30+75.4% | -$0.32+37.3% | -$0.42+36.4% | N/A | -$1.22+7.6% | -$0.51-4.1% |
| Diluted Shares (Avg) | 29M+1.2% | N/A | 29M+2.2% | 29M+2.9% | 29M+2.8% | N/A | 28M+2.2% | 28M+1.7% |
CMBM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $138.4M-13.1% | $137.1M-21.1% | $147.3M-24.2% | $148.7M-32.7% | $159.3M-27.5% | $173.7M-16.9% | $194.3M-12.6% | $221.1M-19.8% |
| Current Assets | $94.2M-21.6% | $90.7M-33.6% | $97.5M-38.5% | $103.0M-36.1% | $120.2M-27.0% | $136.5M-12.1% | $158.5M-8.6% | $161.4M-23.5% |
| Cash & Equivalents | $5.9M-78.9% | $11.3M-67.6% | $9.7M-79.1% | $15.8M-62.9% | $27.8M-28.2% | $34.9M+86.7% | $46.5M+68.9% | $42.6M+33.1% |
| Inventory | $25.9M-31.1% | $27.5M-34.5% | $30.9M-35.1% | $33.9M-36.3% | $37.5M-35.1% | $42.0M-38.3% | $47.6M-37.9% | $53.2M-32.4% |
| Accounts Receivable | $49.6M+39.2% | $40.3M-0.3% | $42.7M-13.6% | $36.8M-24.6% | $35.6M-30.4% | $40.4M-28.2% | $49.5M-8.1% | $48.8M-42.9% |
| Goodwill | $874K0.0% | $874K0.0% | $874K0.0% | $874K-91.1% | $874K-91.1% | $874K-91.1% | $874K-91.1% | $9.8M0.0% |
| Total Liabilities | $177.1M+2.7% | $173.1M-2.2% | $175.6M-8.8% | $169.5M-9.4% | $172.4M-1.4% | $177.0M+19.6% | $192.5M+37.6% | $187.0M+17.5% |
| Current Liabilities | $141.9M+6.3% | $137.4M+1.1% | $137.7M-9.1% | $131.6M+55.2% | $133.6M+63.7% | $135.9M+42.3% | $151.5M+49.9% | $84.8M-29.9% |
| Non-Current Liabilities | $35.2M-9.5% | $35.7M-13.0% | $37.9M-7.3% | $37.9M-63.0% | $38.9M-58.3% | $41.1M-21.8% | $40.9M+5.4% | $102.2M+167.4% |
| Long-Term Debt | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $65.7M+183.0% |
| Total Equity | -$38.6M-194.4% | -$35.9M-1010.5% | -$28.3M-1612.4% | -$20.8M-161.0% | -$13.1M-129.2% | -$3.2M-105.3% | $1.9M-97.7% | $34.1M-70.8% |
| Retained Earnings | -$200.8M-17.5% | -$197.4M-24.3% | -$188.5M-24.3% | -$180.0M-53.7% | -$170.9M-66.1% | -$158.9M-88.2% | -$151.6M-155.0% | -$117.1M-407.2% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
CMBM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.4M+9.2% | $2.8M+126.8% | -$4.4M-149.4% | -$9.3M-486.3% | -$4.8M+69.6% | -$10.4M-80.7% | $8.9M+2678.8% | $2.4M+153.1% |
| Depreciation & Amortization | $345K+151.8% | $443K-44.8% | $432K-74.3% | $454K-72.8% | $137K-91.6% | $802K-49.7% | $1.7M+8.9% | $1.7M+6.1% |
| Stock-Based Compensation | $1.3M-38.7% | N/A | $1.4M-42.0% | $1.4M-43.6% | $2.1M-19.7% | N/A | $2.5M-12.3% | $2.6M-16.4% |
| Capital Expenditures | $69K-68.2% | $56K-86.9% | $54K-97.5% | $113K-95.1% | $217K-85.8% | $427K-73.4% | $2.1M+89.2% | $2.3M+246.9% |
| Free Cash Flow | -$4.4M+11.8% | $2.7M+125.2% | -$4.4M-165.7% | -$9.4M-10892.0% | -$5.0M+71.1% | -$10.8M-47.1% | $6.8M+560.5% | $87K+101.7% |
| Investing Cash Flow | -$772K+53.2% | -$1.4M-9.8% | -$1.5M+59.4% | -$1.8M+56.4% | -$1.7M+40.7% | -$1.3M+54.5% | -$3.7M-14.0% | -$4.2M-69.3% |
| Financing Cash Flow | -$13K+98.0% | -$17K-109.3% | -$44K+96.7% | -$674K-111.9% | -$664K-101.7% | $183K+173.8% | -$1.3M-51.7% | $5.6M+2030.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CMBM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.8%+7.5pp | 39.2%+2.6pp | 38.2%-5.4pp | 40.8%+8.3pp | 43.3%+13.5pp | 36.6%+21.4pp | 43.6%+16.9pp | 32.5%-6.5pp |
| Operating Margin | -2.6%+25.8pp | -13.7%+14.7pp | -13.6%+56.0pp | -16.7%+10.5pp | -28.5%+4.6pp | -28.4%+16.1pp | -69.6%-23.4pp | -27.2%-6.2pp |
| Net Margin | -7.6%+28.0pp | -20.3%-2.2pp | -19.8%+57.5pp | -23.2%+8.3pp | -35.6%+3.6pp | -18.1%+29.5pp | -77.3%+4.2pp | -31.5%-6.5pp |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | -1845.3%-1801.2pp | -41.8%-30.3pp |
| Return on Assets | -2.5%+5.1pp | -6.4%-2.3pp | -5.8%+12.0pp | -6.1%+0.3pp | -7.5%+0.9pp | -4.2%+7.7pp | -17.8%-1.4pp | -6.4%-1.6pp |
| Current Ratio | 0.66-0.2x | 0.66-0.3x | 0.71-0.3x | 0.78-1.1x | 0.90-1.1x | 1.00-0.6x | 1.05-0.7x | 1.90+0.2x |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | 0.00-0.3x | 1.93+1.7x |
| Asset Turnover | 0.32+0.1x | 0.32+0.1x | 0.29+0.1x | 0.26+0.1x | 0.210.0x | 0.230.0x | 0.230.0x | 0.200.0x |
| FCF Margin | -10.0%+5.0pp | 6.3%+33.1pp | -10.3%-25.5pp | -23.8%-24.0pp | -14.9%+22.1pp | -26.8%-12.8pp | 15.2%+18.4pp | 0.2%+9.8pp |
Note: Shareholder equity is negative (-$35.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.66), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Cambium Networks CMBM | FY2025 | $159.6M | -$38.5M | -24.1% | $11.3M | 37/100 |
| Utstarcom Holdings UTSI | FY2025 | $9.0M | -$8.0M | -88.5% | $21.4M | 50/100 |
| Bos Better Online Solutions BOSC | FY2025 | $50.6M | $3.6M | 7.1% | $33.8M | 66/100 |
| Siyata Mobile Inc SYTA | FY2025 | $55.2M | -$31.6M | -57.2% | $38.0M | 31/100 |
| Clearone Inc CLRO | FY2025 | $0 | N/A | N/A | $13.4M | — |
Where Cambium Networks Ranks
Frequently Asked Questions
What is Cambium Networks's annual revenue?
Cambium Networks (CMBM) reported $159.6M in total revenue for fiscal year 2025. This represents a -10.0% 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 10.0% year-over-year, from $177.3M to $159.6M in fiscal year 2025.
Is Cambium Networks profitable?
No, Cambium Networks (CMBM) reported a net income of -$38.5M in fiscal year 2025, with a net profit margin of -24.1%.
What is Cambium Networks's EBITDA?
Cambium Networks (CMBM) had EBITDA of -$26.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cambium Networks have?
As of fiscal year 2025, Cambium Networks (CMBM) had $11.3M in cash and equivalents against $0 in long-term debt.
What is Cambium Networks's gross margin?
Cambium Networks (CMBM) had a gross margin of 40.2% in fiscal year 2025, 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 -17.5% in fiscal year 2025, 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 -24.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cambium Networks's free cash flow?
Cambium Networks (CMBM) recorded an outflow of $16.1M in free cash flow during fiscal year 2025. This represents a 24.5% 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) recorded an outflow of $15.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Cambium Networks's total assets?
Cambium Networks (CMBM) had $137.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cambium Networks's capital expenditures?
Cambium Networks (CMBM) invested $440K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Cambium Networks spend on research and development?
Cambium Networks (CMBM) invested $32.9M in research and development during fiscal year 2025.
What is Cambium Networks's current ratio?
Cambium Networks (CMBM) had a current ratio of 0.66 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Cambium Networks's return on assets (ROA)?
Cambium Networks (CMBM) had a return on assets of -28.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Cambium Networks's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Cambium Networks (CMBM) held $11.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $15.7M over that year. Dividing the one by the other, the reported balance equals about 9 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Cambium Networks's debt-to-equity ratio negative or not reported?
Cambium Networks (CMBM) has negative shareholder equity of -$35.9M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Cambium Networks's Altman Z-Score?
Cambium Networks (CMBM) has an Altman Z-Score of -1.89, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cambium Networks's Piotroski F-Score?
Cambium Networks (CMBM) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 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) reported a net loss of $38.5M while operations used $15.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $28.0M against $9.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 37 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.