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NETGEAR, Inc. provides networking technologies for businesses, homes, and service providers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Enterprise and Consumer. It offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls. The company also provides pro AV Solutions, which includes Ethernet switches and WiFi access points; NETGEAR Engage Controller, a software that provides centralized, profile-based configuration, and unified management; NETGEAR Insight Remote Management; Pro Routers; enterprise-grade cloud managed or standalone access points; general purpose ethernet switches; and NETGEAR Exium Security Solutions, a security software that provides on-premises next-generation firewall and cloud-based secure access service edge. It markets and sells its products through wholesale distributors, traditional and online retailers, direct market resellers, value-added resellers, managed service provider, and broadband service providers, as well as through its direct online store. NETGEAR, Inc. was incorporated in 1996 and is headquartered in San Jose, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $700M | $-18M | $-18M | $-19M | -3.6% | 3.8% | -245.0% |
| 2024 | $674M | $-66M | $12M | $156M | 2.3% | -9.1% | -111.8% |
| 2023 | $741M | $-21M | $-105M | $51M | -19.6% | -20.6% | 51.9% |
| 2022 | $932M | $-24M | $-69M | $-19M | -11.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 932.47 | 740.84 | 673.76 | 699.62 |
| Operating Revenue | - | 932.47 | 740.84 | 673.76 | 699.62 |
| Cost Of Revenue | - | 681.92 | 491.59 | 477.83 | 433.43 |
| Gross Profit | - | 250.55 | 249.25 | 195.93 | 266.19 |
| Operating Expense | - | 284.43 | 277.32 | 268.24 | 292.37 |
| Research And Development | - | 88.44 | 83.30 | 81.08 | 85.72 |
| Selling General And Administration | - | 195.99 | 194.02 | 187.16 | 206.65 |
| Total Expenses | - | 966.36 | 768.90 | 746.08 | 725.80 |
| Operating Income | - | -33.88 | -28.06 | -72.32 | -26.18 |
| Total Operating Income As Reported | - | -82.92 | -33.28 | 12.22 | -34.15 |
| EBITDA | - | -23.82 | -20.90 | -65.80 | -18.18 |
| Normalized EBITDA | - | 25.14 | -22.99 | -150.86 | -16 |
| EBIT | - | -33.88 | -28.06 | -72.32 | -26.18 |
| Interest Income | - | 1.82 | 6.84 | 12.15 | 11.59 |
| Net Interest Income | - | 1.82 | 6.84 | 12.15 | 11.59 |
| Other Non Operating Income Expenses | 0.76 | -1.01 | 1.04 | 0.76 | - |
| Other Income Expense | - | -49.96 | 2.09 | 85.05 | -2.18 |
| Interest Income Non Operating | - | 1.82 | 6.84 | 12.15 | 11.59 |
| Net Non Operating Interest Income Expense | - | 1.82 | 6.84 | 12.15 | 11.59 |
| Pretax Income | - | -82.02 | -19.14 | 24.89 | -16.78 |
| Tax Provision | - | -13.04 | 85.63 | 12.52 | 1.15 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -7.78 | 0.44 | 17.86 | -0.46 |
| Net Income Continuous Operations | - | -68.99 | -104.77 | 12.36 | -17.92 |
| Net Income From Continuing And Discontinued Operation | - | -68.99 | -104.77 | 12.36 | -17.92 |
| Net Income From Continuing Operation Net Minority Interest | - | -68.99 | -104.77 | 12.36 | -17.92 |
| Net Income | - | -68.99 | -104.77 | 12.36 | -17.92 |
| Net Income Common Stockholders | - | -68.99 | -104.77 | 12.36 | -17.92 |
| Net Income Including Noncontrolling Interests | - | -68.99 | -104.77 | 12.36 | -17.92 |
| Normalized Income | - | -27.82 | -106.41 | -54.83 | -16.20 |
| Diluted NI Availto Com Stockholders | - | -68.99 | -104.77 | 12.36 | -17.92 |
| Basic Average Shares | - | 29.01 | 29.36 | 28.90 | 28.61 |
| Diluted Average Shares | - | 29.01 | 29.36 | 29.68 | 28.61 |
| Reconciled Depreciation | - | 10.07 | 7.16 | 6.51 | 8 |
| Reconciled Cost Of Revenue | - | 681.92 | 491.59 | 477.83 | 433.43 |
| Total Unusual Items | - | -48.95 | 2.09 | 85.05 | -2.18 |
| Total Unusual Items Excluding Goodwill | - | -48.95 | 2.09 | 85.05 | -2.18 |
| Special Income Charges | - | -49.04 | 0.79 | 84.53 | -7.97 |
| Other Special Charges | - | 0.02 | -5.82 | -89.01 | 0.21 |
| Impairment Of Capital Assets | - | 44.44 | 1.07 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 4.58 | 3.96 | 4.48 | 7.76 |
| Gain On Sale Of Security | - | 0.09 | 1.30 | 0.52 | 5.79 |
| General And Administrative Expense | - | 56.32 | 66.24 | 63.47 | 78.92 |
| Other Gand A | - | 56.32 | 66.24 | 63.47 | 78.92 |
| Other Operating Expenses | 0.65 | 4.60 | 4.14 | - | - |
| Selling And Marketing Expense | - | 139.68 | 127.78 | 123.69 | 127.73 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NETGEAR, Inc.this co. | NTGR | $691M | -38.55 | 1.39 | -3.6% | -29.25 |
| PagerDuty, Inc. | PD | $733M | 4.21 | 2.89 | 68.6% | 17.07 |
| Sabre Corporation | SABR | $731M | 1.39 | -0.70 | -49.9% | 13.78 |
| Daily Journal Corporation | DJCO | $728M | 6.49 | 1.86 | 28.7% | 4.81 |
| N-able, Inc. | NABL | $723M | - | 0.90 |
| - |
| - |
| - |
| - |
| -2.1% |
| 12.64 |
| Mitek Systems, Inc. | MITK | $719M | 81.70 | 2.99 | 3.7% | 18.48 |
| Frequency Electronics, Inc. | FEIM | $713M | 30.09 | 12.81 | 42.6% | 50.11 |
| VTEX | VTEX | $636M | 31.78 | 2.72 | 8.6% | 29.15 |
| Consensus Cloud Solutions, Inc. | CCSI | $632M | 7.48 | 45.90 | 613.7% | 6.70 |
| Peer Median | - | 7.48 | 2.81 | 18.6% | 15.42 | |