Netgear Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Netgear Inc has an operating margin of 4.9%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 24/100, suggesting thin profitability after operating expenses. This is up from 1.8% the prior year.
Netgear Inc's revenue declined 99.9% year-over-year, from $673.8M to $700K. This contraction results in a growth score of 0/100.
Netgear Inc has elevated debt relative to equity (D/E of 28835.93), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 2.69, Netgear Inc holds $2.69 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 88/100.
While Netgear Inc generated $2K in operating cash flow, capex of $21K consumed most of it, leaving -$19K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Netgear Inc earns a strong 61803.4% return on equity (ROE), meaning it generates $61803 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 2.3% the prior year.
Netgear Inc scores 449.59, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($623.2M) relative to total liabilities ($836K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Netgear Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Netgear Inc generates $0.09 in operating cash flow ($2K OCF vs $18K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Netgear Inc earns $2.9 in operating income for every $1 of interest expense ($34K vs $12K). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Netgear Inc (NTGR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Key Financial Metrics
Netgear Inc generated $700K in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Netgear Inc's EBITDA was $42K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.8% from the prior year.
Netgear Inc generated -$19K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
Netgear Inc reported $18K in net income in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Netgear Inc earned $0.63 per diluted share (EPS) in fiscal year 2025. This represents an increase of 50.0% from the prior year.
Netgear Inc held $210K in cash against $0 in long-term debt as of fiscal year 2025.
Netgear Inc had 28M shares outstanding in fiscal year 2025. This represents a decrease of 2.6% from the prior year.
Netgear Inc's gross margin was 38.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 9.0 percentage points from the prior year.
Netgear Inc's operating margin was 4.9% in fiscal year 2025, reflecting core business profitability. This is up 3.1 percentage points from the prior year.
Netgear Inc's net profit margin was 2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Netgear Inc's ROE was 61803.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 61801.2 percentage points from the prior year.
Netgear Inc invested $86K in research and development in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Netgear Inc spent $51K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.8% from the prior year.
Netgear Inc invested $21K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.8% from the prior year.
NTGR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $182.5M-1.1% | $184.6M+8.2% | $170.5M+5.2% | $162.1M-11.2% | $182.4M-0.2% | $182.9M+27.1% | $143.9M-12.6% | $164.6M |
| Cost of Revenue | $108.8M-3.1% | $112.3M+5.4% | $106.6M+0.8% | $105.7M-14.1% | $123.0M-2.6% | $126.4M+12.8% | $112.1M-3.7% | $116.3M |
| Gross Profit | $73.6M+1.9% | $72.3M+12.9% | $64.0M+13.6% | $56.3M-5.1% | $59.4M+5.1% | $56.5M+77.5% | $31.8M-34.0% | $48.2M |
| R&D Expenses | $23.2M-0.4% | $23.3M+11.9% | $20.8M+13.9% | $18.3M-8.9% | $20.1M-3.9% | $20.9M+5.3% | $19.9M-1.9% | $20.2M |
| SG&A Expenses | $19.5M-5.2% | $20.6M-0.3% | $20.7M+14.5% | $18.1M+1.2% | $17.9M+113.7% | $8.4M-56.4% | $19.2M+6.2% | $18.1M |
| Operating Income | -$4.7M+32.9% | -$7.1M+25.9% | -$9.5M+25.5% | -$12.8M+15.2% | -$15.1M-115.7% | $95.8M+304.5% | -$46.9M-116.5% | -$21.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$1.9M-352.6% | $736K-14.8% | $864K-38.5% | $1.4M+154.6% | -$2.6M-118.1% | $14.2M+1281.8% | $1.0M+795.3% | -$148K |
| Net Income | -$684K+85.7% | -$4.8M+25.7% | -$6.4M-6.5% | -$6.0M+32.1% | -$8.9M-110.4% | $85.1M+288.3% | -$45.2M-142.2% | -$18.6M |
| EPS (Diluted) | $-0.03+82.4% | $-0.17+22.7% | $-0.22-4.8% | $-0.21+27.6% | $-0.29-110.0% | $2.90+285.9% | $-1.56-147.6% | $-0.63 |
NTGR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $836.3M+3.1% | $810.8M+0.9% | $803.5M-1.3% | $814.2M-4.2% | $850.2M-1.4% | $862.6M+14.4% | $754.1M-5.9% | $801.3M |
| Current Assets | $673.3M-1.3% | $681.9M-2.4% | $698.7M-3.5% | $723.7M-4.5% | $758.0M-1.5% | $769.3M+17.0% | $657.6M-6.5% | $703.6M |
| Cash & Equivalents | $209.9M+3.2% | $203.5M-15.6% | $241.0M-10.7% | $269.8M-5.8% | $286.4M+4.6% | $273.8M+54.6% | $177.1M+2.6% | $172.7M |
| Inventory | $176.5M+5.9% | $166.6M+5.9% | $157.3M-0.4% | $157.9M-2.9% | $162.5M+0.3% | $162.0M-14.3% | $188.9M-10.6% | $211.3M |
| Accounts Receivable | $142.0M-11.2% | $159.9M+10.4% | $144.9M+1.5% | $142.7M-8.6% | $156.2M-11.9% | $177.3M+20.6% | $147.1M-14.9% | $172.8M |
| Goodwill | $45.0M-1.7% | $45.8M0.0% | $45.8M+26.2% | $36.3M0.0% | $36.3M0.0% | $36.3M0.0% | $36.3M0.0% | $36.3M |
| Total Liabilities | $338.4M+11.3% | $304.0M+8.4% | $280.4M+0.2% | $280.0M-9.4% | $309.2M-1.0% | $312.3M+6.0% | $294.7M+1.6% | $289.9M |
| Current Liabilities | $250.2M+4.6% | $239.2M-1.6% | $243.1M+0.5% | $242.0M-10.4% | $270.1M-0.5% | $271.4M+7.2% | $253.0M+3.6% | $244.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $497.8M-1.8% | $506.8M-3.1% | $523.2M-2.1% | $534.2M-1.3% | $541.1M-1.7% | $550.3M+19.8% | $459.4M-10.2% | $511.4M |
| Retained Earnings | -$538.9M-3.4% | -$521.1M-5.4% | -$494.3M-3.9% | -$475.8M-4.1% | -$457.1M-4.5% | -$437.4M+16.0% | -$520.6M-12.5% | -$462.9M |
NTGR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.5M+364.3% | -$7.4M-316.8% | -$1.8M+79.8% | -$8.7M-140.7% | $21.5M-80.1% | $107.7M+483.8% | $18.4M+7.3% | $17.2M |
| Capital Expenditures | $5.9M-39.4% | $9.7M+174.8% | $3.5M+152.9% | $1.4M-44.0% | $2.5M+47.9% | $1.7M-27.0% | $2.3M-8.1% | $2.5M |
| Free Cash Flow | $13.6M+179.7% | -$17.1M-222.3% | -$5.3M+47.7% | -$10.1M-153.4% | $19.0M-82.1% | $106.0M+556.8% | $16.1M+9.9% | $14.7M |
| Investing Cash Flow | $3.9M+140.6% | -$9.7M+38.2% | -$15.6M-1141.3% | -$1.3M+44.4% | -$2.3M+79.4% | -$11.0M-601.5% | -$1.6M+86.2% | -$11.3M |
| Financing Cash Flow | -$17.0M+17.1% | -$20.5M-80.1% | -$11.4M-71.8% | -$6.6M-1.3% | -$6.5M-20993.5% | -$31K+99.8% | -$12.4M-25.4% | -$9.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $15.0M-25.0% | $20.0M+166.7% | $7.5M-8.1% | $8.2M-19.8% | $10.2M+590.5% | $1.5M-85.3% | $10.0M-12.6% | $11.4M |
NTGR Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.4%+1.2pp | 39.1%+1.6pp | 37.5%+2.8pp | 34.8%+2.2pp | 32.6%+1.7pp | 30.9%+8.8pp | 22.1%-7.2pp | 29.3% |
| Operating Margin | -2.6%+1.2pp | -3.8%+1.8pp | -5.6%+2.3pp | -7.9%+0.4pp | -8.3%-60.7pp | 52.4%+85.0pp | -32.6%-19.4pp | -13.2% |
| Net Margin | -0.4%+2.2pp | -2.6%+1.2pp | -3.8%-0.1pp | -3.7%+1.2pp | -4.9%-51.4pp | 46.5%+77.9pp | -31.4%-20.1pp | -11.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | 15.5% | N/A | N/A |
| Return on Assets | -0.1%+0.5pp | -0.6%+0.2pp | -0.8%-0.1pp | -0.7%+0.3pp | -1.1%-10.9pp | 9.9%+15.8pp | -6.0%-3.7pp | -2.3% |
| Current Ratio | 2.69-0.2 | 2.85-0.0 | 2.87-0.1 | 2.99+0.2 | 2.81-0.0 | 2.84+0.2 | 2.60-0.3 | 2.88 |
| Debt-to-Equity | 0.68+0.1 | 0.60+0.1 | 0.54+0.0 | 0.52-0.0 | 0.570.0 | 0.57-0.1 | 0.64+0.1 | 0.57 |
| FCF Margin | 7.5%+16.7pp | -9.3%-6.2pp | -3.1%+3.1pp | -6.3%-16.7pp | 10.4%-47.6pp | 58.0%+46.8pp | 11.2%+2.3pp | 8.9% |
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Frequently Asked Questions
What is Netgear Inc's annual revenue?
Netgear Inc (NTGR) reported $700K in total revenue for fiscal year 2025. This represents a -99.9% 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 Netgear Inc's revenue growing?
Netgear Inc (NTGR) revenue declined by 99.9% year-over-year, from $673.8M to $700K in fiscal year 2025.
Is Netgear Inc profitable?
Yes, Netgear Inc (NTGR) reported a net income of $18K in fiscal year 2025, with a net profit margin of 2.6%.
What is Netgear Inc's earnings per share (EPS)?
Netgear Inc (NTGR) reported diluted earnings per share of $0.63 for fiscal year 2025. This represents a 50.0% 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 Netgear Inc's EBITDA?
Netgear Inc (NTGR) had EBITDA of $42K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Netgear Inc's gross margin?
Netgear Inc (NTGR) had a gross margin of 38.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Netgear Inc's operating margin?
Netgear Inc (NTGR) had an operating margin of 4.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Netgear Inc's net profit margin?
Netgear Inc (NTGR) had a net profit margin of 2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Netgear Inc's return on equity (ROE)?
Netgear Inc (NTGR) has a return on equity of 61803.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Netgear Inc's free cash flow?
Netgear Inc (NTGR) generated -$19K in free cash flow during fiscal year 2025. This represents a -100.0% 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 Netgear Inc's operating cash flow?
Netgear Inc (NTGR) generated $2K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Netgear Inc's total assets?
Netgear Inc (NTGR) had $836K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Netgear Inc's capital expenditures?
Netgear Inc (NTGR) invested $21K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Netgear Inc spend on research and development?
Netgear Inc (NTGR) invested $86K in research and development during fiscal year 2025.
Does Netgear Inc buy back shares?
Yes, Netgear Inc (NTGR) spent $51K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Netgear Inc have outstanding?
Netgear Inc (NTGR) had 28M shares outstanding as of fiscal year 2025.
What is Netgear Inc's current ratio?
Netgear Inc (NTGR) had a current ratio of 2.69 as of fiscal year 2025, which is generally considered healthy.
What is Netgear Inc's debt-to-equity ratio?
Netgear Inc (NTGR) had a debt-to-equity ratio of 28835.93 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Netgear Inc's return on assets (ROA)?
Netgear Inc (NTGR) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Netgear Inc's Altman Z-Score?
Netgear Inc (NTGR) has an Altman Z-Score of 449.59, 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 Netgear Inc's Piotroski F-Score?
Netgear Inc (NTGR) 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 Netgear Inc's earnings high quality?
Netgear Inc (NTGR) has an earnings quality ratio of 0.09x, 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 Netgear Inc cover its interest payments?
Netgear Inc (NTGR) has an interest coverage ratio of 2.9x, 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 Netgear Inc?
Netgear Inc (NTGR) scores 35 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.