NETGEAR, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $699.6M | $673.8M | $740.8M | $932.5M | $1.17B | $1.26B | $998.8M | $1.06B |
| Cost of Revenue | $433.4M | $477.8M | $491.6M | $681.9M | $802.2M | $883.1M | $704.5M | $717.1M |
| Gross Profit | $266.2M | $195.9M | $249.3M | $250.5M | $365.8M | $372.2M | $294.2M | $341.7M |
| Gross Margin | 38.0% | 29.1% | 33.6% | 26.9% | 31.3% | 29.6% | 29.5% | 32.3% |
| Operating Expenses | ||||||||
| Research & Development | $85.7M | $81.1M | $83.3M | $88.4M | $93.0M | $88.8M | $78.0M | $82.4M |
| SG&A Expense | $78.9M | $63.5M | $66.2M | $56.3M | $59.7M | $61.1M | $49.4M | $64.9M |
| Operating Income | $-34.2M | $12.2M | $-33.3M | $-82.9M | $66.6M | $75.5M | $26.2M | $38.7M |
| Operating Margin | -4.9% | 1.8% | -4.5% | -8.9% | 5.7% | 6.0% | 2.6% | 3.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-16.8M | $24.9M | $-19.1M | $-82.0M | $65.5M | $70.8M | $29.6M | $43.2M |
| Income Tax Expense | $1.1M | $12.5M | $85.6M | $-13.0M | $16.1M | $12.5M | $3.8M | $25.9M |
| Net Income | $-17.9M | $12.4M | $-104.8M | $-69.0M | $49.4M | $58.3M | $25.8M | $-9.2M |
| Net Margin | -2.6% | 1.8% | -14.1% | -7.4% | 4.2% | 4.6% | 2.6% | -0.9% |
| EPS (Basic) | $-0.63 | $0.43 | $-3.57 | $-2.38 | $1.63 | $1.95 | $0.83 | $-0.29 |
| EPS (Diluted) | $-0.63 | $0.42 | $-3.57 | $-2.38 | $1.59 | $1.90 | $0.81 | $-0.28 |
| Shares Outstanding (Basic) | 28.6M | 28.9M | 29.4M | 29.0M | 30.2M | 29.9M | 30.9M | 31.6M |
| Shares Outstanding (Diluted) | 28.6M | 29.7M | 29.4M | 29.0M | 31.0M | 30.6M | 32.0M | 33.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |