Cambium Networks Financials
This page shows Cambium Networks (CMBMF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
A shrinking sales base is no longer covering research-heavy overhead, so financing has replaced internally generated cash.
From FY2022 to FY2024, revenue contraction of40.3% combined with gross-margin compression from48.9% to35.5% ; that pushed gross profit down to$62.9M , below FY2024 R&D plus SG&A of$65.3M before other operating costs. The business is therefore not just smaller; its remaining sales base now generates too little gross profit to carry the cost structure it is trying to maintain.
FY2024's accounting loss of
The balance-sheet strain is now about thin equity and near-term obligations rather than long-term borrowing: the current ratio slid from 2.4x in FY2022 to 1.0x in FY2024, and liabilities of
Financial Health Signals
Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 has an operating margin of -39.7%, meaning the company retains $-40 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 -23.7% the prior year.
Cambium Networks's revenue declined 21.8% year-over-year, from $226.8M to $177.3M. This contraction results in a growth score of 0/100.
Cambium Networks carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Cambium Networks's current ratio of 1.00 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Cambium Networks generated -$15.0M in operating cash flow, capex of $6.4M consumed most of it, leaving -$21.4M in free cash flow. This results in a low score of 2/100, reflecting heavy capital investment rather than weak cash generation.
Cambium Networks passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Cambium Networks generates $0.20 in operating cash flow (-$15.0M OCF vs -$74.5M 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 $-12.1 in operating income for every $1 of interest expense (-$70.4M vs $5.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Cambium Networks generated $177.3M in revenue in fiscal year 2024. This represents a decrease of 21.8% from the prior year.
Cambium Networks's EBITDA was -$64.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 35.7% from the prior year.
Cambium Networks reported -$74.5M in net income in fiscal year 2024. This represents a decrease of 0.5% from the prior year.
Cambium Networks earned $-2.65 per diluted share (EPS) in fiscal year 2024. This represents an increase of 1.5% from the prior year.
Cash & Balance Sheet
Cambium Networks generated -$21.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 0.8% from the prior year.
Cambium Networks held $34.9M in cash against $0 in long-term debt as of fiscal year 2024.
Cambium Networks paid $0.00 per share in dividends in fiscal year 2024.
Cambium Networks had 29M shares outstanding in fiscal year 2024. This represents an increase of 2.8% from the prior year.
Margins & Returns
Cambium Networks's gross margin was 35.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the prior year.
Cambium Networks's operating margin was -39.7% in fiscal year 2024, reflecting core business profitability. This is down 16.0 percentage points from the prior year.
Cambium Networks's net profit margin was -42.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.3 percentage points from the prior year.
Capital Allocation
Cambium Networks invested $39.3M in research and development in fiscal year 2024. This represents a decrease of 26.5% from the prior year.
Cambium Networks invested $6.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 32.1% from the prior year.
CMBMF Income Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.3M-9.7% | $44.7M-1.2% | $45.2M-3.9% | $47.1M-10.3% | $52.5M+17.6% | $44.6M-17.0% | $53.7M-29.3% | $76.0M |
| Cost of Revenue | $25.6M+1.5% | $25.2M-17.5% | $30.5M-7.7% | $33.1M-25.7% | $44.5M+36.1% | $32.7M-0.3% | $32.8M-17.9% | $40.0M |
| Gross Profit | $14.7M-24.3% | $19.5M+32.4% | $14.7M+5.0% | $14.0M+75.6% | $8.0M-33.0% | $11.9M-43.1% | $20.9M-41.9% | $36.0M |
| R&D Expenses | $10.1M+8.6% | $9.3M+1.4% | $9.1M-15.3% | $10.8M-16.7% | $13.0M-0.5% | $13.0M-1.7% | $13.2M-7.2% | $14.3M |
| SG&A Expenses | $5.9M-6.0% | $6.2M-3.6% | $6.5M-12.9% | $7.4M+5.4% | $7.1M-15.1% | $8.3M+42.4% | $5.8M-15.1% | $6.9M |
| Operating Income | -$11.4M+63.2% | -$31.1M-153.0% | -$12.3M+21.1% | -$15.6M+33.3% | -$23.4M-13.2% | -$20.6M-83.4% | -$11.2M-895.5% | $1.4M |
| Interest Expense | $1.9M+9.5% | $1.7M+21.9% | $1.4M+58.5% | $881K+21.5% | $725K+16.9% | $620K+7.1% | $579K-3.0% | $597K |
| Income Tax | -$6.1M-452.6% | $1.7M+208.4% | $557K-71.1% | $1.9M+122.1% | $868K-94.2% | $15.1M+875.0% | $1.5M+19412.5% | -$8K |
| Net Income | -$7.2M+79.1% | -$34.5M-142.4% | -$14.2M+22.8% | -$18.4M+26.0% | -$24.9M+31.4% | -$36.4M-170.7% | -$13.4M-2102.5% | $671K |
| EPS (Diluted) | N/A | $-1.22-139.2% | $-0.51+22.7% | $-0.66 | N/A | $-1.32-169.4% | $-0.49-2550.0% | $0.02 |
CMBMF Balance Sheet
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $173.7M-10.6% | $194.3M-12.1% | $221.1M+0.6% | $219.8M+5.1% | $209.1M-6.0% | $222.4M-19.3% | $275.7M-1.7% | $280.4M |
| Current Assets | $136.5M-13.8% | $158.5M-1.8% | $161.4M-2.1% | $164.8M+6.0% | $155.4M-10.4% | $173.4M-17.7% | $210.8M-2.7% | $216.7M |
| Cash & Equivalents | $34.9M-24.9% | $46.5M+9.2% | $42.6M+10.0% | $38.7M+106.9% | $18.7M-32.0% | $27.5M-13.9% | $32.0M-17.4% | $38.7M |
| Inventory | $42.0M-11.8% | $47.6M-10.5% | $53.2M-8.0% | $57.8M-15.1% | $68.1M-11.2% | $76.6M-2.7% | $78.8M+20.9% | $65.2M |
| Accounts Receivable | $40.4M-18.3% | $49.5M+1.3% | $48.8M-4.6% | $51.2M-9.0% | $56.3M+4.6% | $53.8M-37.0% | $85.5M-11.6% | $96.7M |
| Goodwill | $874K0.0% | $874K-91.1% | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M |
| Total Liabilities | $177.0M-8.1% | $192.5M+2.9% | $187.0M+7.0% | $174.8M+18.1% | $148.0M+5.8% | $139.9M-12.1% | $159.2M+2.9% | $154.7M |
| Current Liabilities | $135.9M-10.3% | $151.5M+78.6% | $84.8M+4.0% | $81.6M-14.6% | $95.5M-5.5% | $101.1M-16.5% | $121.0M+3.2% | $117.3M |
| Long-Term Debt | $0 | $0-100.0% | $65.7M+7.1% | $61.3M+179.6% | $21.9M-2.9% | $22.6M-2.7% | $23.2M-2.6% | $23.8M |
| Total Equity | -$3.2M-273.0% | $1.9M-94.5% | $34.1M-24.3% | $45.0M-26.4% | $61.1M-25.9% | $82.5M-29.2% | $116.5M-7.4% | $125.8M |
| Retained Earnings | -$158.9M-4.8% | -$151.6M-29.5% | -$117.1M-13.9% | -$102.9M-21.9% | -$84.4M-41.9% | -$59.5M-157.5% | -$23.1M-139.2% | -$9.7M |
CMBMF Cash Flow Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.4M-216.8% | $8.9M+270.6% | $2.4M+115.1% | -$15.9M-176.1% | -$5.8M-1567.2% | -$345K+92.4% | -$4.5M+25.6% | -$6.1M |
| Capital Expenditures | $427K-79.9% | $2.1M-8.0% | $2.3M+51.0% | $1.5M-4.4% | $1.6M+42.5% | $1.1M+68.7% | $667K-54.0% | $1.4M |
| Free Cash Flow | -$10.8M-259.8% | $6.8M+7680.5% | $87K+100.5% | -$17.4M-136.8% | -$7.4M-400.3% | -$1.5M+71.7% | -$5.2M+31.1% | -$7.5M |
| Investing Cash Flow | -$1.3M+64.9% | -$3.7M+12.2% | -$4.2M-49.9% | -$2.8M+1.3% | -$2.8M+12.2% | -$3.2M-30.4% | -$2.5M+17.5% | -$3.0M |
| Financing Cash Flow | $183K+113.9% | -$1.3M-123.3% | $5.6M-85.4% | $38.7M+15693.5% | -$248K+71.5% | -$869K-427.9% | $265K+163.5% | -$417K |
| 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 |
CMBMF Financial Ratios
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.6%-7.0pp | 43.6%+11.1pp | 32.5%+2.8pp | 29.8%+14.5pp | 15.2%-11.5pp | 26.7%-12.3pp | 39.0%-8.4pp | 47.4% |
| Operating Margin | -28.4%+41.2pp | -69.6%-42.5pp | -27.2%+5.9pp | -33.1%+11.4pp | -44.5%+1.7pp | -46.3%-25.3pp | -20.9%-22.8pp | 1.9% |
| Net Margin | -17.9%+59.4pp | -77.3%-45.8pp | -31.5%+7.7pp | -39.2%+8.3pp | -47.5%+34.0pp | -81.5%-56.5pp | -25.0%-25.9pp | 0.9% |
| Return on Equity | N/A | -1845.3%-1803.5pp | -41.8%-0.8pp | -41.0%-0.2pp | -40.8%+3.3pp | -44.1%-32.6pp | -11.5%-12.1pp | 0.5% |
| Return on Assets | -4.2%+13.6pp | -17.8%-11.3pp | -6.4%+2.0pp | -8.4%+3.5pp | -11.9%+4.4pp | -16.4%-11.5pp | -4.9%-5.1pp | 0.2% |
| Current Ratio | 1.00-0.0 | 1.05-0.9 | 1.90-0.1 | 2.02+0.4 | 1.63-0.1 | 1.72-0.0 | 1.74-0.1 | 1.85 |
| Debt-to-Equity | 0.000.0 | 0.00-1.9 | 1.93+0.6 | 1.36+1.0 | 0.36+0.1 | 0.27+0.1 | 0.200.0 | 0.19 |
| FCF Margin | -26.8%-42.0pp | 15.2%+15.0pp | 0.2%+37.2pp | -37.0%-23.0pp | -14.0%-10.7pp | -3.3%+6.4pp | -9.7%+0.2pp | -9.9% |
Note: Shareholder equity is negative (-$3.2M), 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.
Frequently Asked Questions
What is Cambium Networks's annual revenue?
Cambium Networks (CMBMF) reported $177.3M in total revenue for fiscal year 2024. This represents a -21.8% 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 (CMBMF) revenue declined by 21.8% year-over-year, from $226.8M to $177.3M in fiscal year 2024.
Is Cambium Networks profitable?
No, Cambium Networks (CMBMF) reported a net income of -$74.5M in fiscal year 2024, with a net profit margin of -42.0%.
What is Cambium Networks's EBITDA?
Cambium Networks (CMBMF) had EBITDA of -$64.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cambium Networks have?
As of fiscal year 2024, Cambium Networks (CMBMF) had $34.9M in cash and equivalents against $0 in long-term debt.
What is Cambium Networks's gross margin?
Cambium Networks (CMBMF) had a gross margin of 35.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cambium Networks's operating margin?
Cambium Networks (CMBMF) had an operating margin of -39.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Cambium Networks's net profit margin?
Cambium Networks (CMBMF) had a net profit margin of -42.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Cambium Networks's free cash flow?
Cambium Networks (CMBMF) generated -$21.4M in free cash flow during fiscal year 2024. This represents a 0.8% 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 (CMBMF) generated -$15.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Cambium Networks's total assets?
Cambium Networks (CMBMF) had $173.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Cambium Networks's capital expenditures?
Cambium Networks (CMBMF) invested $6.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Cambium Networks spend on research and development?
Cambium Networks (CMBMF) invested $39.3M in research and development during fiscal year 2024.
What is Cambium Networks's current ratio?
Cambium Networks (CMBMF) had a current ratio of 1.00 as of fiscal year 2024, which is considered adequate.
What is Cambium Networks's debt-to-equity ratio?
Cambium Networks (CMBMF) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cambium Networks's return on assets (ROA)?
Cambium Networks (CMBMF) had a return on assets of -42.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Cambium Networks's cash runway?
Based on fiscal year 2024 data, Cambium Networks (CMBMF) had $34.9M in cash against an annual operating cash burn of $15.0M. This gives an estimated cash runway of approximately 28 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.
Why is Cambium Networks's debt-to-equity ratio negative or unusual?
Cambium Networks (CMBMF) has negative shareholder equity of -$3.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 Piotroski F-Score?
Cambium Networks (CMBMF) has a Piotroski F-Score of 3 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 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 (CMBMF) has an earnings quality ratio of 0.20x, 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 (CMBMF) has an interest coverage ratio of -12.1x, 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 (CMBMF) scores 19 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.