Newegg Commerce, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.24B | $1.50B | $1.72B | $2.38B | $2.11B | $1.53B | $559.4K |
| Cost of Revenue | $177.3M | $166.3M | $215.2M | $224.3M | $140.0M | $135.8M | $1.37B | $757.9K |
| Gross Profit | $168.5M | $131.5M | $167.6M | $216.6M | $326.0M | $273.6M | $164.9M | $-198.5K |
| Gross Margin | 11.7% | 10.6% | 11.2% | 12.6% | 13.7% | 12.9% | 10.7% | -35.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $178.0M | $183.0M | $238.6M | $266.2M | $292.5M | $250.2M | $229.2M | $3.7M |
| Operating Income | $-9.5M | $-51.6M | $-71.1M | $-49.5M | $33.5M | $23.4M | $-36.0M | $-9.3M |
| Operating Margin | -0.7% | -4.2% | -4.7% | -2.9% | 1.4% | 1.1% | -2.3% | -1,655.5% |
| Interest Expense | $1.0M | $952.0K | $2.5M | $685.0K | $612.0K | $664.0K | $2.9M | — |
| Pretax Income | $-2.9M | $-44.6M | $-61.7M | $-43.3M | $30.5M | $-3.2M | $-4.5M | $-8.9M |
| Income Tax Expense | $2.0M | $-1.3M | $-2.7M | $14.1M | $-5.8M | — | — | — |
| Net Income | $-4.9M | $-43.3M | $-59.0M | $-57.4M | $36.3M | $-30.4M | $17.0M | $-8.9M |
| Net Margin | -0.3% | -3.5% | -3.9% | -3.3% | 1.5% | -1.4% | 1.1% | -1,592.8% |
| EPS (Basic) | $-0.24 | $-2.25 | $-3.12 | $-3.08 | $0.10 | $0.08 | $-0.05 | $-0.19 |
| EPS (Diluted) | $-0.24 | $-2.25 | $-3.12 | $-3.08 | $0.08 | $0.08 | $-0.05 | $-0.02 |
| Shares Outstanding (Basic) | 20.1K | 19.3K | 18.9K | 373.1M | 366.7M | 363.3M | 363.3M | 370.0M |
| Shares Outstanding (Diluted) | 20.1K | 19.3K | 18.9K | 373.1M | 432.3M | 385.0M | 363.3M | 370.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |