Extreme Networks Inc Financials
Extreme Networks Inc (EXTR) reported $1.3B in revenue for fiscal year 2026, up 12.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 and working-capital release are converting a partial revenue rebound into cash despite a persistently thin balance-sheet cushion.
In FY2026, operating cash flow reached$123M against net income of$42.1M , so accounting profit converted into substantially more cash than earnings alone would suggest. That surplus coincided with inventory falling from$102.6M to$70.0M , indicating that working-capital release, not just recurring profitability, supported cash generation.
Gross margin reached
The balance sheet remains structurally tight: a 0.9x current ratio and 1.6x debt-to-equity in FY2026 indicate limited short-term coverage and a relatively small equity base. Equity rebuilt from
Financial Health Signals
Scored against operating companies for FY2026. 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 Extreme Networks Inc'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.
Extreme Networks Inc has an operating margin of 4.9%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 1.5% the prior year.
Extreme Networks Inc's revenue grew 12.6% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 58/100.
Extreme Networks Inc carries a low D/E ratio of 1.63, meaning only $1.63 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.
Extreme Networks Inc's current ratio of 0.93 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Extreme Networks Inc has a free cash flow margin of 7.4%, earning a moderate score of 60/100. The company generates positive cash flow after capital investments, but with room for improvement.
Extreme Networks Inc's ROE of 47.5% shows moderate profitability relative to equity, earning a score of 39/100. This is up from -11.4% the prior year.
Extreme Networks Inc scores 1.77, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.9B) relative to total liabilities ($1.1B). 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.
Extreme Networks Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Extreme Networks Inc generates $2.92 in operating cash flow ($123.2M OCF vs $42.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Extreme Networks Inc earns $4.55 in operating income for every $1 of interest expense ($62.7M vs $13.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Extreme Networks Inc generated $1.3B in revenue in fiscal year 2026. This represents an increase of 12.6% from the prior year.
Extreme Networks Inc's EBITDA was $80.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 138.1% from the prior year.
Extreme Networks Inc reported $42.1M in net income in fiscal year 2026. This represents an increase of 664.1% from the prior year.
Extreme Networks Inc earned $0.31 per diluted share (EPS) in fiscal year 2026. This represents an increase of 616.7% from the prior year.
Cash & Balance Sheet
Extreme Networks Inc generated $95.2M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 25.2% from the prior year.
Extreme Networks Inc held $211.8M in cash against $144.4M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Extreme Networks Inc's gross margin was 61.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Extreme Networks Inc's operating margin was 4.9% in fiscal year 2026, reflecting core business profitability. This is up 3.4 percentage points from the prior year.
Extreme Networks Inc's net profit margin was 3.3% in fiscal year 2026, showing the share of revenue converted to profit. This is up 3.9 percentage points from the prior year.
Extreme Networks Inc's ROE was 47.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 58.9 percentage points from the prior year.
Capital Allocation
Extreme Networks Inc invested $233.9M in research and development in fiscal year 2026. This represents an increase of 5.6% from the prior year.
Extreme Networks Inc spent $87.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 129.0% from the prior year.
Extreme Networks Inc invested $27.9M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 13.1% from the prior year.
EXTR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $338.5M+6.8% | $316.9M-0.3% | $317.9M+2.5% | $310.2M+1.1% | $307.0M+7.9% | $284.5M+1.8% | $279.4M+3.8% | $269.2M |
| Cost of Revenue | $128.1M+5.5% | $121.3M-1.2% | $122.8M+0.5% | $122.2M+3.6% | $117.9M+8.1% | $109.1M+4.7% | $104.2M+4.5% | $99.7M |
| Gross Profit | $210.5M+7.6% | $195.5M+0.2% | $195.1M+3.7% | $188.0M-0.6% | $189.1M+7.8% | $175.4M+0.2% | $175.1M+3.3% | $169.5M |
| R&D Expenses | $59.4M+0.4% | $59.2M+2.9% | $57.5M-0.4% | $57.8M+2.3% | $56.5M+1.5% | $55.7M+1.4% | $54.9M+0.8% | $54.5M |
| SG&A Expenses | $31.9M+7.5% | $29.6M-14.4% | $34.6M+18.5% | $29.2M-38.4% | $47.4M+60.5% | $29.5M+13.3% | $26.1M-28.8% | $36.6M |
| Operating Income | $21.1M+21.5% | $17.3M+33.5% | $13.0M+15.0% | $11.3M+920.9% | -$1.4M-113.3% | $10.4M-18.1% | $12.7M+368.5% | -$4.7M |
| Interest Expense | $3.5M+8.3% | $3.2M-3.3% | $3.4M-8.0% | $3.7M+3.5% | $3.5M-7.0% | $3.8M-9.1% | $4.2M-5.5% | $4.4M |
| Income Tax | -$135K-103.2% | $4.2M+67.0% | $2.5M-7.8% | $2.7M-30.4% | $3.9M+6.1% | $3.7M+42.4% | $2.6M+74.8% | $1.5M |
| Net Income | $18.0M+70.4% | $10.6M+34.5% | $7.9M+40.4% | $5.6M+171.9% | -$7.8M-325.7% | $3.5M-53.2% | $7.4M+170.3% | -$10.5M |
| EPS (Diluted) | $0.13+62.5% | $0.08+33.3% | $0.06+50.0% | $0.04+166.7% | -$0.06-300.0% | $0.03-50.0% | $0.06+175.0% | -$0.08 |
EXTR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+0.7% | $1.2B+0.1% | $1.2B+1.4% | $1.2B0.0% | $1.2B+7.5% | $1.1B-0.7% | $1.1B+2.3% | $1.1B |
| Current Assets | $549.8M+1.5% | $541.8M+1.1% | $535.7M+1.9% | $525.9M-1.8% | $535.3M+12.3% | $476.6M-3.8% | $495.3M+3.9% | $476.8M |
| Cash & Equivalents | $211.8M+0.8% | $210.1M-4.4% | $219.8M+5.2% | $209.0M-9.8% | $231.7M+24.9% | $185.5M+8.9% | $170.3M+6.8% | $159.5M |
| Inventory | $70.0M-8.7% | $76.6M-8.3% | $83.6M-10.8% | $93.7M-8.6% | $102.6M-11.4% | $115.7M-12.5% | $132.3M-7.9% | $143.6M |
| Accounts Receivable | $164.6M+1.2% | $162.7M+6.7% | $152.4M+4.5% | $145.8M+15.1% | $126.7M+27.3% | $99.5M-15.3% | $117.6M+20.9% | $97.2M |
| Goodwill | $397.8M-0.1% | $398.2M-0.4% | $399.9M+0.1% | $399.6M0.0% | $399.6M+1.3% | $394.4M+0.6% | $392.0M-1.1% | $396.3M |
| Total Liabilities | $1.1B-0.2% | $1.1B+1.7% | $1.1B-1.1% | $1.1B-0.3% | $1.1B+8.6% | $1.0B-2.8% | $1.0B+0.6% | $1.0B |
| Current Liabilities | $592.7M-0.1% | $593.3M+5.0% | $565.1M-2.1% | $577.5M-1.8% | $587.9M+14.8% | $512.0M-4.2% | $534.2M+1.5% | $526.4M |
| Long-Term Debt | $144.4M-3.2% | $149.2M-3.1% | $154.1M-3.0% | $158.9M-2.9% | $163.7M-2.1% | $167.3M-2.1% | $170.9M-2.0% | $174.4M |
| Total Equity | $88.6M+12.2% | $79.0M-17.7% | $95.9M+39.9% | $68.6M+4.5% | $65.6M-8.5% | $71.7M+40.0% | $51.2M+56.5% | $32.7M |
| Retained Earnings | -$907.3M+1.9% | -$925.4M+1.1% | -$935.9M+0.8% | -$943.8M+0.6% | -$949.4M-0.8% | -$941.6M+0.4% | -$945.1M+0.8% | -$952.5M |
EXTR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $72.8M+413.3% | $14.2M-71.7% | $50.1M+458.2% | -$14.0M-117.1% | $81.9M+173.4% | $30.0M+39.2% | $21.5M+15.9% | $18.6M |
| Capital Expenditures | $7.6M+18.4% | $6.4M-9.9% | $7.1M+3.6% | $6.9M+3.1% | $6.6M+16.6% | $5.7M+5.6% | $5.4M-21.9% | $6.9M |
| Free Cash Flow | $65.3M+737.6% | $7.8M-81.9% | $43.0M+306.4% | -$20.9M-127.7% | $75.3M+210.2% | $24.3M+50.5% | $16.1M+38.3% | $11.7M |
| Investing Cash Flow | -$7.6M-17.6% | -$6.4M+8.8% | -$7.1M-3.1% | -$6.9M-3.1% | -$6.6M-15.7% | -$5.7M-6.2% | -$5.4M+21.8% | -$6.9M |
| Financing Cash Flow | -$63.7M-277.8% | -$16.8M+47.8% | -$32.3M-1781.2% | -$1.7M+94.2% | -$29.5M-223.8% | -$9.1M-86.8% | -$4.9M+46.6% | -$9.1M |
| Share Buybacks | $25.0M-50.0% | $50.0M | $0-100.0% | $12.0M-52.0% | $25.0M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
EXTR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.2%+0.5pp | 61.7%+0.3pp | 61.4%+0.8pp | 60.6%-1.0pp | 61.6%-0.1pp | 61.7%-1.0pp | 62.7%-0.3pp | 63.0% |
| Operating Margin | 6.2%+0.8pp | 5.5%+1.4pp | 4.1%+0.4pp | 3.6%+4.1pp | -0.4%-4.1pp | 3.6%-0.9pp | 4.5%+6.3pp | -1.8% |
| Net Margin | 5.3%+2.0pp | 3.3%+0.9pp | 2.5%+0.7pp | 1.8%+4.3pp | -2.5%-3.8pp | 1.2%-1.4pp | 2.6%+6.5pp | -3.9% |
| Return on Equity | 20.4%+7.0pp | 13.4%+5.2pp | 8.2%0.0pp | 8.2%+20.1pp | -11.9%-16.7pp | 4.8%-9.6pp | 14.4%+46.5pp | -32.1% |
| Return on Assets | 1.5%+0.6pp | 0.9%+0.2pp | 0.7%+0.2pp | 0.5%+1.2pp | -0.7%-1.0pp | 0.3%-0.4pp | 0.7%+1.7pp | -1.0% |
| Current Ratio | 0.930.0x | 0.910.0x | 0.950.0x | 0.910.0x | 0.910.0x | 0.930.0x | 0.930.0x | 0.91 |
| Debt-to-Equity | 1.63-0.3x | 1.89+0.3x | 1.61-0.7x | 2.32-0.2x | 2.50+0.2x | 2.33-1.0x | 3.34-2.0x | 5.33 |
| FCF Margin | 19.3%+16.8pp | 2.5%-11.1pp | 13.5%+20.3pp | -6.7%-31.3pp | 24.5%+16.0pp | 8.5%+2.8pp | 5.8%+1.4pp | 4.3% |
Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Extreme Networks Inc Ranks
Frequently Asked Questions
What is Extreme Networks Inc's annual revenue?
Extreme Networks Inc (EXTR) reported $1.3B in total revenue for fiscal year 2026. This represents a 12.6% 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 12.6% year-over-year, from $1.1B to $1.3B in fiscal year 2026.
Is Extreme Networks Inc profitable?
Yes, Extreme Networks Inc (EXTR) reported a net income of $42.1M in fiscal year 2026, with a net profit margin of 3.3%.
What is Extreme Networks Inc's EBITDA?
Extreme Networks Inc (EXTR) had EBITDA of $80.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Extreme Networks Inc have?
As of fiscal year 2026, Extreme Networks Inc (EXTR) had $211.8M in cash and equivalents against $144.4M in long-term debt.
What is Extreme Networks Inc's gross margin?
Extreme Networks Inc (EXTR) had a gross margin of 61.5% in fiscal year 2026, 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 4.9% in fiscal year 2026, 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 3.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Extreme Networks Inc's return on equity (ROE)?
Extreme Networks Inc (EXTR) has a return on equity of 47.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Extreme Networks Inc's free cash flow?
Extreme Networks Inc (EXTR) generated $95.2M in free cash flow during fiscal year 2026. This represents a -25.2% 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 $123.2M in operating cash flow during fiscal year 2026, 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 2026, including both current and long-term assets.
What are Extreme Networks Inc's capital expenditures?
Extreme Networks Inc (EXTR) invested $27.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Extreme Networks Inc spend on research and development?
Extreme Networks Inc (EXTR) invested $233.9M in research and development during fiscal year 2026.
What is Extreme Networks Inc's current ratio?
Extreme Networks Inc (EXTR) had a current ratio of 0.93 as of fiscal year 2026, 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 1.63 as of fiscal year 2026, 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 3.6% for fiscal year 2026, 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 1.77, 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 8 out of 9, indicating strong 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 Extreme Networks Inc's earnings high quality?
Extreme Networks Inc (EXTR) has an earnings quality ratio of 2.92x, considered cash-backed (high 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 4.55x, meaning it can adequately 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 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.