NETGEAR, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $699.6M | $673.8M | $740.8M | $932.5M | $1.2B |
| Cost of revenue | $433.4M | $477.8M | $491.6M | $681.9M | $802.2M |
| Gross profit | $266.2M | $195.9M | $249.3M | $250.5M | $365.8M |
| Research and development | $85.7M | $81.1M | $83.3M | $88.4M | $93.0M |
| Operating expenses | $300.3M | $183.7M | $282.5M | $333.5M | $299.2M |
| Operating income | -$34.2M | $12.2M | -$33.3M | -$82.9M | $66.6M |
| Pretax income | -$16.8M | $24.9M | -$19.1M | -$82.0M | $65.5M |
| Income tax expense | $1.1M | $12.5M | $85.6M | -$13.0M | $16.1M |
| Net income | -$17.9M | $12.4M | -$104.8M | -$69.0M | $49.4M |
| Balance Sheet | |||||
| Cash and equivalents | $209.9M | $286.4M | $176.7M | $146.5M | $263.8M |
| Current assets | $673.3M | $758.0M | $748.0M | $834.3M | $883.1M |
| Total assets | $836.3M | $850.2M | $847.1M | $1.0B | $1.1B |
| Current liabilities | $250.2M | $270.1M | $264.3M | $346.0M | $341.0M |
| Total liabilities | $338.4M | $309.2M | $311.6M | $398.9M | $381.7M |
| Stockholders' equity | $497.8M | $541.1M | $535.5M | $620.9M | $696.8M |
| Cash Flow Statement | |||||
| Cash from operations | $1.6M | $164.8M | $56.9M | -$13.7M | -$4.6M |
| Depreciation and amortization | $8.0M | $6.5M | $7.2M | $10.1M | $13.9M |
| Stock-based compensation | $29.7M | $22.7M | $17.9M | $17.7M | $26.0M |
| Capital expenditure | $20.5M | $9.0M | $5.8M | $5.8M | $9.9M |
| Free cash flow | -$18.9M | $155.8M | $51.1M | -$19.5M | -$14.4M |
| Share repurchases | $50.7M | $33.1M | $0 | $24.4M | $75.0M |
| Impairments | — | $0 | $0 | $44.4M | $0 |
Shares outstanding 26.8M · Free float 90.0%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.