NTGR (NTGR) financial statements
NTGR reported revenue of $700M in fiscal 2025, down 5.3% a year over 9 years.
Net income was -$18M and the operating margin -4.9%, against 9.2% in 2016.
Free cash flow was -$19M, and the company returned $51M in net buybacks.
The diluted share count fell 15% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NTGR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $1.1B | $999M | $1.3B | $1.2B | $932M | $741M | $674M | $700M |
| Cost of revenue | $770M | $731M | $717M | $705M | $883M | $802M | $682M | $492M | $478M | $433M |
| Gross profit | $374M | $308M | $342M | $294M | $372M | $366M | $251M | $249M | $196M | $266M |
| Research and development | $71M | $72M | $82M | $78M | $89M | $93M | $88M | $83M | $81M | $86M |
| Selling, general and admin | $194M | $193M | $217M | $188M | $209M | $206M | $196M | $194M | $187M | $207M |
| Operating income | $105M | $43M | $39M | $26M | $76M | $67M | -$83M | -$33M | $12M | -$34M |
| Pre-tax income | $106M | $46M | $43M | $30M | $71M | $66M | -$82M | -$19M | $25M | -$17M |
| Income tax | $36M | $57M | $26M | $4M | $13M | $16M | -$13M | $86M | $13M | $1M |
| Net income | $76M | $19M | -$9M | $26M | $58M | $49M | -$69M | -$105M | $12M | -$18M |
| EPS (diluted) | $2.25 | $0.61 | -$0.28 | $0.81 | $1.90 | $1.59 | -$2.38 | -$3.57 | $0.42 | -$0.63 |
| Diluted shares | 34M | 32M | 33M | 32M | 31M | 31M | 29M | 29M | 30M | 29M |
| Gross margin | 32.7% | 29.6% | 32.3% | 29.5% | 29.6% | 31.3% | 26.9% | 33.6% | 29.1% | 38.0% |
| Operating margin | 9.2% | 4.1% | 3.7% | 2.6% | 6.0% | 5.7% | -8.9% | -4.5% | 1.8% | -4.9% |
| Net margin | 6.6% | 1.9% | -0.9% | 2.6% | 4.6% | 4.2% | -7.4% | -14.1% | 1.8% | -2.6% |
Balance sheet
Fiscal years, from NTGR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $366M | $330M | $274M | $196M | $353M | $272M | $227M | $284M | $409M | $323M |
| Receivables | $314M | $255M | $304M | $277M | $277M | $261M | $277M | $185M | $156M | $142M |
| Inventory | $248M | $163M | $244M | $235M | $172M | $316M | $300M | $249M | $163M | $176M |
| Total current assets | $963M | $1.0B | $858M | $744M | $893M | $883M | $834M | $748M | $758M | $673M |
| Property, plant and equipment | $18M | $17M | $20M | $18M | $16M | $13M | $9M | $8M | $11M | $26M |
| Goodwill | $64M | $64M | $81M | $81M | $81M | $81M | $36M | $36M | $36M | $45M |
| Total assets | $1.2B | $1.2B | $1.0B | $956M | $1.1B | $1.1B | $1.0B | $847M | $850M | $836M |
| Total current liabilities | $357M | $424M | $384M | $298M | $365M | $341M | $346M | $264M | $270M | $250M |
| Total liabilities | $388M | $478M | $416M | $347M | $417M | $382M | $399M | $312M | $309M | $338M |
| Shareholders' equity | $797M | $730M | $628M | $609M | $689M | $697M | $621M | $535M | $541M | $498M |
| Net debt | -$240M | -$203M | -$201M | -$190M | -$346M | -$264M | -$146M | -$177M | -$286M | -$210M |
Cash flow
Fiscal years, from NTGR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $118M | $88M | -$103M | $14M | $181M | -$5M | -$14M | $57M | $165M | $2M |
| Capital spending | $10M | $10M | $12M | $14M | $10M | $10M | $6M | $6M | $9M | $21M |
| Free cash flow | $108M | $77M | -$115M | -$705,000 | $171M | -$14M | -$19M | $51M | $156M | -$19M |
| Stock-based compensation | $17M | $19M | $26M | $29M | $31M | $26M | $18M | $18M | $23M | $30M |
| Share buybacks (net) | -$38M | -$113M | -$30M | -$76M | -$24M | -$75M | -$24M | $0 | -$33M | -$51M |
| Free cash flow margin | 9.4% | 7.4% | -10.9% | -0.1% | 13.6% | -1.2% | -2.1% | 6.9% | 23.1% | -2.7% |
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Open NTGR in InvestinglyQuestions
What was NTGR's revenue in 2025?
$700M in fiscal 2025, from its 10-K filing.
How much free cash flow does NTGR generate?
-$19M in fiscal 2025 (operating cash flow minus capital spending).
From NTGR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.