Extreme Networks Inc Financials
This page shows Extreme Networks Inc (EXTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Extreme Networks Inc has an operating margin of 1.5%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 7/100, suggesting thin profitability after operating expenses. This is up from -5.8% the prior year.
Extreme Networks Inc's revenue grew a modest 2.0% year-over-year to $1.1B. This slow but positive growth earns a score of 34/100.
Extreme Networks Inc has elevated debt relative to equity (D/E of 2.50), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 19/100, reflecting increased financial risk.
Extreme Networks Inc's current ratio of 0.91 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.
Extreme Networks Inc has a free cash flow margin of 11.2%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.
Extreme Networks Inc scores 0.87, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.9B) relative to total liabilities ($1.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Extreme Networks Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Extreme Networks Inc generates $-20.36 in operating cash flow ($152.0M OCF vs -$7.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Extreme Networks Inc earns $1.1 in operating income for every $1 of interest expense ($16.9M vs $15.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Extreme Networks Inc generated $1.1B in revenue in fiscal year 2025. This represents an increase of 2.0% from the prior year.
Extreme Networks Inc's EBITDA was $33.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 186.3% from the prior year.
Extreme Networks Inc generated $127.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 240.7% from the prior year.
Extreme Networks Inc reported -$7.5M in net income in fiscal year 2025. This represents an increase of 91.3% from the prior year.
Extreme Networks Inc earned $-0.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 90.9% from the prior year.
Extreme Networks Inc held $231.7M in cash against $163.7M in long-term debt as of fiscal year 2025.
Extreme Networks Inc had 132M shares outstanding in fiscal year 2025. This represents an increase of 1.4% from the prior year.
Extreme Networks Inc's gross margin was 62.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.7 percentage points from the prior year.
Extreme Networks Inc's operating margin was 1.5% in fiscal year 2025, reflecting core business profitability. This is up 7.3 percentage points from the prior year.
Extreme Networks Inc's net profit margin was -0.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.0 percentage points from the prior year.
Extreme Networks Inc invested $221.5M in research and development in fiscal year 2025. This represents an increase of 4.5% from the prior year.
Extreme Networks Inc spent $38.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 23.8% from the prior year.
Extreme Networks Inc invested $24.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 36.4% from the prior year.
EXTR Income Statement
| Metric | Q2'26 | Q1'26 | Q2'25 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $317.9M+2.5% | $310.2M | N/A | $284.5M+1.8% | $279.4M+3.8% | $269.2M | N/A | $211.0M |
| Cost of Revenue | $122.8M+0.5% | $122.2M | N/A | $109.1M+4.7% | $104.2M+4.5% | $99.7M | N/A | $91.1M |
| Gross Profit | $195.1M+3.7% | $188.0M | N/A | $175.4M+0.2% | $175.1M+3.3% | $169.5M | N/A | $119.9M |
| R&D Expenses | $57.5M-0.4% | $57.8M | N/A | $55.7M+1.4% | $54.9M+0.8% | $54.5M | N/A | $54.5M |
| SG&A Expenses | $34.6M+18.5% | $29.2M | N/A | $29.5M+13.3% | $26.1M-28.8% | $36.6M | N/A | $25.2M |
| Operating Income | $13.0M+15.0% | $11.3M | N/A | $10.4M-18.1% | $12.7M+368.5% | -$4.7M | N/A | -$62.5M |
| Interest Expense | $3.4M-8.0% | $3.7M | N/A | $3.8M-9.1% | $4.2M-5.5% | $4.4M | N/A | $4.2M |
| Income Tax | $2.5M-7.8% | $2.7M | N/A | $3.7M+42.4% | $2.6M+74.8% | $1.5M | N/A | -$623K |
| Net Income | $7.9M+40.4% | $5.6M | N/A | $3.5M-53.2% | $7.4M+170.3% | -$10.5M | N/A | -$64.4M |
| EPS (Diluted) | $0.06+50.0% | $0.04 | N/A | $0.03-50.0% | $0.06+175.0% | $-0.08 | N/A | $-0.50 |
EXTR Balance Sheet
| Metric | Q2'26 | Q1'26 | Q2'25 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+1.4% | $1.2B0.0% | $1.2B+7.5% | $1.1B-0.7% | $1.1B+2.3% | $1.1B+1.3% | $1.0B-3.9% | $1.1B |
| Current Assets | $535.7M+1.9% | $525.9M-1.8% | $535.3M+12.3% | $476.6M-3.8% | $495.3M+3.9% | $476.8M+2.1% | $466.9M-7.7% | $506.0M |
| Cash & Equivalents | $219.8M+5.2% | $209.0M-9.8% | $231.7M+24.9% | $185.5M+8.9% | $170.3M+6.8% | $159.5M+1.8% | $156.7M+3.8% | $151.0M |
| Inventory | $83.6M-10.8% | $93.7M-8.6% | $102.6M-11.4% | $115.7M-12.5% | $132.3M-7.9% | $143.6M+1.8% | $141.0M-23.9% | $185.4M |
| Accounts Receivable | $152.4M+4.5% | $145.8M+15.1% | $126.7M+27.3% | $99.5M-15.3% | $117.6M+20.9% | $97.2M+8.6% | $89.5M-5.2% | $94.4M |
| Goodwill | $399.9M+0.1% | $399.6M0.0% | $399.6M+1.3% | $394.4M+0.6% | $392.0M-1.1% | $396.3M+0.7% | $393.7M-0.1% | $394.2M |
| Total Liabilities | $1.1B-1.1% | $1.1B-0.3% | $1.1B+8.6% | $1.0B-2.8% | $1.0B+0.6% | $1.0B+0.6% | $1.0B-0.3% | $1.0B |
| Current Liabilities | $565.1M-2.1% | $577.5M-1.8% | $587.9M+14.8% | $512.0M-4.2% | $534.2M+1.5% | $526.4M+1.7% | $517.6M-2.0% | $528.3M |
| Long-Term Debt | $154.1M-3.0% | $158.9M-2.9% | $163.7M-2.1% | $167.3M-2.1% | $170.9M-2.0% | $174.4M-2.2% | $178.3M-1.3% | $180.6M |
| Total Equity | $95.9M+39.9% | $68.6M+4.5% | $65.6M-8.5% | $71.7M+40.0% | $51.2M+56.5% | $32.7M+29.4% | $25.3M-61.1% | $65.0M |
| Retained Earnings | -$935.9M+0.8% | -$943.8M+0.6% | -$949.4M-0.8% | -$941.6M+0.4% | -$945.1M+0.8% | -$952.5M-1.1% | -$942.0M-6.1% | -$887.8M |
EXTR Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q2'25 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $50.1M+458.2% | -$14.0M-117.1% | $81.9M+173.4% | $30.0M+39.2% | $21.5M+15.9% | $18.6M+20.0% | $15.5M+122.2% | -$69.9M |
| Capital Expenditures | $7.1M+3.6% | $6.9M+3.1% | $6.6M+15.7% | $5.7M+6.3% | $5.4M-21.9% | $6.9M+54.1% | $4.5M+22.1% | $3.7M |
| Free Cash Flow | $43.0M+306.4% | -$20.9M-127.7% | $75.3M+210.7% | $24.2M+50.2% | $16.1M+38.3% | $11.7M+6.1% | $11.0M+115.0% | -$73.5M |
| Investing Cash Flow | -$7.1M-3.1% | -$6.9M-3.1% | -$6.6M-15.7% | -$5.7M-6.2% | -$5.4M+21.8% | -$6.9M-54.1% | -$4.5M-22.1% | -$3.7M |
| Financing Cash Flow | -$32.3M-1781.2% | -$1.7M+94.2% | -$29.5M-223.8% | -$9.1M-86.8% | -$4.9M+46.6% | -$9.1M-80.3% | -$5.1M-252.2% | $3.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $12.0M-52.0% | $25.0M | $0 | N/A | N/A | $0 | $0 |
EXTR Financial Ratios
| Metric | Q2'26 | Q1'26 | Q2'25 | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.4%+0.8pp | 60.6% | N/A | 61.7%-1.0pp | 62.7%-0.3pp | 63.0% | N/A | 56.8% |
| Operating Margin | 4.1%+0.4pp | 3.6% | N/A | 3.6%-0.9pp | 4.5%+6.3pp | -1.8% | N/A | -29.6% |
| Net Margin | 2.5%+0.7pp | 1.8% | N/A | 1.2%-1.4pp | 2.6%+6.5pp | -3.9% | N/A | -30.5% |
| Return on Equity | 8.2%+0.0pp | 8.2% | N/A | 4.8%-9.6pp | 14.4% | N/A | N/A | N/A |
| Return on Assets | 0.7%+0.2pp | 0.5% | N/A | 0.3%-0.4pp | 0.7%+1.7pp | -1.0% | N/A | -5.9% |
| Current Ratio | 0.95+0.0 | 0.910.0 | 0.91-0.0 | 0.930.0 | 0.93+0.0 | 0.910.0 | 0.90-0.1 | 0.96 |
| Debt-to-Equity | 1.61-0.7 | 2.32-0.2 | 2.50+0.2 | 2.33-1.0 | 3.34-2.0 | 5.33-1.7 | 7.05+4.3 | 2.78 |
| FCF Margin | 13.5%+20.3pp | -6.7% | N/A | 8.5%+2.7pp | 5.8%+1.4pp | 4.3% | N/A | -34.8% |
Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Extreme Networks Inc's annual revenue?
Extreme Networks Inc (EXTR) reported $1.1B in total revenue for fiscal year 2025. This represents a 2.0% 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 Extreme Networks Inc's revenue growing?
Extreme Networks Inc (EXTR) revenue grew by 2% year-over-year, from $1.1B to $1.1B in fiscal year 2025.
Is Extreme Networks Inc profitable?
No, Extreme Networks Inc (EXTR) reported a net income of -$7.5M in fiscal year 2025, with a net profit margin of -0.7%.
What is Extreme Networks Inc's earnings per share (EPS)?
Extreme Networks Inc (EXTR) reported diluted earnings per share of $-0.06 for fiscal year 2025. This represents a 90.9% 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 Extreme Networks Inc's EBITDA?
Extreme Networks Inc (EXTR) had EBITDA of $33.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Extreme Networks Inc have?
As of fiscal year 2025, Extreme Networks Inc (EXTR) had $231.7M in cash and equivalents against $163.7M in long-term debt.
What is Extreme Networks Inc's gross margin?
Extreme Networks Inc (EXTR) had a gross margin of 62.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Extreme Networks Inc's operating margin?
Extreme Networks Inc (EXTR) had an operating margin of 1.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Extreme Networks Inc's net profit margin?
Extreme Networks Inc (EXTR) had a net profit margin of -0.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Extreme Networks Inc's free cash flow?
Extreme Networks Inc (EXTR) generated $127.3M in free cash flow during fiscal year 2025. This represents a 240.7% 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 Extreme Networks Inc's operating cash flow?
Extreme Networks Inc (EXTR) generated $152.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Extreme Networks Inc's total assets?
Extreme Networks Inc (EXTR) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Extreme Networks Inc's capital expenditures?
Extreme Networks Inc (EXTR) invested $24.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Extreme Networks Inc spend on research and development?
Extreme Networks Inc (EXTR) invested $221.5M in research and development during fiscal year 2025.
Does Extreme Networks Inc buy back shares?
Yes, Extreme Networks Inc (EXTR) spent $38.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Extreme Networks Inc have outstanding?
Extreme Networks Inc (EXTR) had 132M shares outstanding as of fiscal year 2025.
What is Extreme Networks Inc's current ratio?
Extreme Networks Inc (EXTR) had a current ratio of 0.91 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Extreme Networks Inc's debt-to-equity ratio?
Extreme Networks Inc (EXTR) had a debt-to-equity ratio of 2.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Extreme Networks Inc's return on assets (ROA)?
Extreme Networks Inc (EXTR) had a return on assets of -0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Extreme Networks Inc's Altman Z-Score?
Extreme Networks Inc (EXTR) has an Altman Z-Score of 0.87, 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 Extreme Networks Inc's Piotroski F-Score?
Extreme Networks Inc (EXTR) has a Piotroski F-Score of 6 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Extreme Networks Inc's earnings high quality?
Extreme Networks Inc (EXTR) has an earnings quality ratio of -20.36x, considered mixed quality. 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 Extreme Networks Inc cover its interest payments?
Extreme Networks Inc (EXTR) has an interest coverage ratio of 1.1x, 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 Extreme Networks Inc?
Extreme Networks Inc (EXTR) scores 27 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.