Newegg Commerce, Inc. (NEGG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NEGG SEC filings page.
Newegg Commerce, Inc. (NEGG) reported $1.4B in revenue for fiscal year 2025, up 16.9% 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).
The business regained sales in FY2025, but thin margins and renewed cash use keep financing central to how operations are funded.
FY2025 revenue rebounded16.9% while operating margin improved to-0.7% , showing better cost absorption rather than a fully repaired profit engine. Yet operating cash flow was-$27.0M and free cash flow was-$29.7M , so near-breakeven accounting results did not translate into cash, weakening cash conversion.
The balance sheet expanded: total assets rose
Inventory climbed
Financial Health Signals
Scored against operating 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 Newegg Commerce, 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.
Newegg Commerce, Inc. has an operating margin of -0.7%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 30/100. This is up from -4.2% the prior year.
Newegg Commerce, Inc.'s revenue surged 16.9% year-over-year to $1.4B, reflecting rapid business expansion. This strong growth earns a score of 25/100.
Newegg Commerce, Inc. has a moderate D/E ratio of 1.92. This balance of debt and equity financing earns a leverage score of 33/100.
Newegg Commerce, Inc.'s current ratio of 1.41 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
Newegg Commerce, Inc.'s operations used $27.0M of cash, and capex of $2.7M added to the outflow, for a free cash flow shortfall of $29.7M. This results in a cash flow score of 22/100.
Newegg Commerce, Inc. posts a -3.0% return on equity (ROE), meaning it loses $3 for every $100 of shareholders' equity. This results in a returns score of 18/100. This is up from -40.8% the prior year.
Newegg Commerce, Inc. scores 3.20, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Newegg Commerce, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Newegg Commerce, Inc. reported a net loss of $4.9M while operations used $27.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Newegg Commerce, Inc. reported an operating loss of $9.5M against $1.0M 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
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Newegg Commerce, Inc. held $107.8M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
NEGG 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
NEGG 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 | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q2'2010-Q | Q4'1910-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $468.9M+15.1% | $407.3M-18.4% | $499.0M-7.9% | $542.1M-13.5% | $626.6M+12.4% | $557.5M+23785.1% | $8.2M+120.0% | $2.3M-59.0% |
| Current Assets | $360.6M+27.1% | $283.6M-17.7% | $344.5M-11.9% | $390.8M-11.0% | $439.0M+2.4% | $428.6M+25456.5% | $7.9M+339.0% | $1.7M-38.2% |
| Cash & Equivalents | $107.8M+12.0% | $96.3M-6.1% | $102.5M-16.4% | $122.6M+22.6% | $100.0M+5405.7% | $1.8M+7853.8% | $6.4M+11845.3% | $23K-95.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $166.3M+68.7% | $98.5M-27.6% | $136.2M-12.7% | $156.0M-36.3% | $245.1M+34.6% | $182.1M+16679.1% | $813K-27.2% | $1.1M-19.6% |
| Accounts Receivable | $62.4M-3.0% | $64.4M-19.9% | $80.4M-3.8% | $83.5M+33.9% | $62.4M-3.7% | $64.8M+104788.4% | $92K+106.0% | $62K-33.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0 |
| Total Liabilities | $308.2M+2.3% | $301.2M-18.5% | $369.7M-4.5% | $386.9M-12.9% | $444.3M+3.3% | $430.0M+579.3% | $4.0M-0.2% | -$89.7M-229.9% |
| Current Liabilities | $256.5M+5.3% | $243.6M-17.9% | $296.5M-4.3% | $309.8M-13.1% | $356.3M-8.2% | $388.1M+11903.6% | $3.3M+19.3% | $3.2M+122.5% |
| Non-Current Liabilities | $51.7M-10.4% | $57.7M-21.1% | $73.1M-5.2% | $77.1M-12.4% | $88.0M+110.1% | $41.9M+145.1% | $690K-43.9% | -$92.9M-237.5% |
| Long-Term Debt | N/A | N/A | $1.1M-20.9% | $1.4M-23.8% | $1.8M-11.7% | $2.1M | N/A | N/A |
| Total Equity | $160.7M+51.5% | $106.1M-18.0% | $129.4M-16.6% | $155.2M-14.8% | $182.3M+43.0% | $127.5M+38.5% | $4.2M+1790.5% | $92.0M+245.3% |
| Retained Earnings | -$178.9M-2.8% | -$174.0M-33.2% | -$130.7M-82.3% | -$71.7M-402.2% | -$14.3M+71.7% | -$50.5M-13.3% | -$46.3M-6.5% | -$44.6M-11.1% |
Not reported in any period shown, so not listed: Goodwill.
NEGG 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.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
NEGG 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
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 |
|---|---|---|---|---|---|---|
| Newegg Commerce, Inc. NEGG | FY2025 | $1.4B | -$4.9M | -0.3% | $233.4M | 28/100 |
| Liquidity Services, Inc. LQDT | FY2025 | $476.7M | $28.1M | 5.9% | $1.4B | 64/100 |
| ATRenew Inc. RERE | FY2025 | N/A | $48.1M | N/A | $826.2M | — |
| Beyond, Inc. BYON | FY2025 | $1.0B | -$84.6M | -8.1% | $523.5M | 22/100 |
Where Newegg Commerce, Inc. Ranks
Frequently Asked Questions
What is Newegg Commerce, Inc.'s annual revenue?
Newegg Commerce, Inc. (NEGG) reported $1.4B in total revenue for fiscal year 2025. This represents a 16.9% 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 Newegg Commerce, Inc.'s revenue growing?
Newegg Commerce, Inc. (NEGG) revenue grew by 16.9% year-over-year, from $1.2B to $1.4B in fiscal year 2025.
Is Newegg Commerce, Inc. profitable?
No, Newegg Commerce, Inc. (NEGG) reported a net income of -$4.9M in fiscal year 2025, with a net profit margin of -0.3%.
What is Newegg Commerce, Inc.'s EBITDA?
Newegg Commerce, Inc. (NEGG) had EBITDA of -$2.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Newegg Commerce, Inc.'s gross margin?
Newegg Commerce, Inc. (NEGG) had a gross margin of 11.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Newegg Commerce, Inc.'s operating margin?
Newegg Commerce, Inc. (NEGG) had an operating margin of -0.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Newegg Commerce, Inc.'s net profit margin?
Newegg Commerce, Inc. (NEGG) had a net profit margin of -0.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Newegg Commerce, Inc.'s return on equity (ROE)?
Newegg Commerce, Inc. (NEGG) has a return on equity of -3.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Newegg Commerce, Inc.'s free cash flow?
Newegg Commerce, Inc. (NEGG) recorded an outflow of $29.7M in free cash flow during fiscal year 2025. This represents a -568.3% 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 Newegg Commerce, Inc.'s operating cash flow?
Newegg Commerce, Inc. (NEGG) recorded an outflow of $27.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Newegg Commerce, Inc.'s total assets?
Newegg Commerce, Inc. (NEGG) had $468.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Newegg Commerce, Inc.'s capital expenditures?
Newegg Commerce, Inc. (NEGG) invested $2.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Newegg Commerce, Inc.'s current ratio?
Newegg Commerce, Inc. (NEGG) had a current ratio of 1.41 as of fiscal year 2025, which is considered adequate.
What is Newegg Commerce, Inc.'s debt-to-equity ratio?
Newegg Commerce, Inc. (NEGG) had a debt-to-equity ratio of 1.92 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Newegg Commerce, Inc.'s return on assets (ROA)?
Newegg Commerce, Inc. (NEGG) had a return on assets of -1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Newegg Commerce, Inc.'s P/E ratio?
Newegg Commerce, Inc. (NEGG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $233.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Newegg Commerce, Inc.'s price-to-sales ratio?
Newegg Commerce, Inc. (NEGG) trades at 0.2x sales, its market capitalization divided by revenue of $1.4B revenue, FY2025. The market capitalization is $233.4M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Newegg Commerce, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Newegg Commerce, Inc. (NEGG) held $107.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $27.0M over that year. Dividing the one by the other, the reported balance equals about 48 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.
What is Newegg Commerce, Inc.'s Altman Z-Score?
Newegg Commerce, Inc. (NEGG) has an Altman Z-Score of 3.20, placing it in the Safe Zone (low 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 Newegg Commerce, Inc.'s Piotroski F-Score?
Newegg Commerce, Inc. (NEGG) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Newegg Commerce, Inc.'s earnings high quality?
Newegg Commerce, Inc. (NEGG) reported a net loss of $4.9M while operations used $27.0M 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 Newegg Commerce, Inc. cover its interest payments?
Newegg Commerce, Inc. (NEGG) reported an operating loss of $9.5M against $1.0M 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 Newegg Commerce, Inc.?
Newegg Commerce, Inc. (NEGG) scores 28 out of 100 on our Financial Health Score, indicating weak 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.