ARLO TECHNOLOGIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $529.3M | $510.9M | $491.2M | $490.4M | $435.1M | $357.2M | $370.0M | $464.9M |
| Cost of Revenue | $296.5M | $323.4M | $323.6M | $354.4M | $327.1M | $301.8M | $334.2M | $372.8M |
| Gross Profit | $232.8M | $187.5M | $167.6M | $136.0M | $108.0M | $55.4M | $35.8M | $92.1M |
| Gross Margin | 44.0% | 36.7% | 34.1% | 27.7% | 24.8% | 15.5% | 9.7% | 19.8% |
| Operating Expenses | ||||||||
| Research & Development | $73.7M | $73.2M | $68.6M | $64.7M | $59.1M | $60.1M | $69.4M | $58.8M |
| SG&A Expense | $66.1M | $72.1M | $56.4M | $55.9M | $49.5M | $51.1M | $47.6M | $28.2M |
| Operating Income | $6.1M | $-34.9M | $-24.9M | $-56.9M | $-60.1M | $-104.9M | $-85.2M | $-74.8M |
| Operating Margin | 1.1% | -6.8% | -5.1% | -11.6% | -13.8% | -29.4% | -23.0% | -16.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $15.7M | $-29.4M | $-20.9M | $-55.7M | $-55.4M | $-100.6M | $-81.6M | $-74.7M |
| Income Tax Expense | $741.0K | $1.1M | $1.2M | $975.0K | $677.0K | $625.0K | $4.4M | $772.0K |
| Net Income | $14.9M | $-30.5M | $-22.0M | $-56.6M | $-56.0M | $-101.3M | $-86.0M | $-75.5M |
| Net Margin | 2.8% | -6.0% | -4.5% | -11.5% | -12.9% | -28.3% | -23.2% | -16.2% |
| EPS (Basic) | $0.14 | $-0.31 | $-0.24 | $-0.65 | $-0.68 | $-1.30 | $-1.14 | $-1.12 |
| EPS (Diluted) | $0.14 | $-0.31 | $-0.24 | $-0.65 | $-0.68 | $-1.30 | $-1.14 | $-1.12 |
| Shares Outstanding (Basic) | 104.2M | 98.6M | 92.8M | 87.2M | 82.7M | 78.1M | 75.1M | 67.2M |
| Shares Outstanding (Diluted) | 110.2M | 98.6M | 92.8M | 87.2M | 82.7M | 78.1M | 75.1M | 67.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |