Arlo Technologies, Inc(NYSE:ARLO)

Arlo Technologies, Inc., together with its subsidiaries, provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Q and Arlo Q Plus, an indoor wire...
Website: http://www.arlo.com
Founded: 2014
Full Time Employees: 358
Sector: Industrials
Industry: Security & Protection Services
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-31 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-31 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2022-12-31 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2021-12-31 | 2021-10-03 | 2021-06-27 | 2021-03-28 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | ||||||||||||||||||||||||||||||||
subscriptions and services | 90,099,000 | 89,390,000 | 79,942,000 | 78,175,000 | 68,849,000 | |||||||||||||||||||||||||||
products | 60,283,000 | 51,907,000 | 59,587,000 | 51,230,000 | 50,217,000 | 57,425,000 | 75,784,000 | 67,186,000 | 67,493,000 | 79,168,000 | 78,961,000 | 64,749,000 | 67,060,000 | 80,199,000 | 92,720,000 | 86,191,000 | 94,825,000 | 114,396,000 | 84,152,000 | 73,311,000 | 59,761,000 | 93,271,000 | 91,271,000 | 49,603,000 | 50,723,000 | 109,883,000 | 94,306,000 | 72,445,000 | 46,608,000 | |||
total revenue | 150,382,000 | 141,297,000 | 139,529,000 | 129,405,000 | 119,066,000 | 121,572,000 | 137,667,000 | 127,447,000 | 124,200,000 | 135,093,000 | 130,003,000 | 115,076,000 | 111,004,000 | 118,527,000 | 128,157,000 | 118,979,000 | 124,751,000 | 142,861,000 | 111,149,000 | 98,571,000 | 82,556,000 | 114,836,000 | 110,236,000 | 66,632,000 | 65,450,000 | 122,413,000 | 106,116,000 | 83,598,000 | 57,880,000 | |||
yoy | 26.30% | 16.22% | 1.35% | 1.54% | -4.13% | -10.01% | 5.90% | 10.75% | 11.89% | 13.98% | 1.44% | -3.28% | -11.02% | -17.03% | 15.30% | 20.70% | 51.11% | 24.40% | 0.83% | 47.93% | 26.14% | -6.19% | 3.88% | -20.29% | 13.08% | |||||||
qoq | 6.43% | 1.27% | 7.82% | 8.68% | -2.06% | -11.69% | 8.02% | 2.61% | -8.06% | 3.92% | 12.97% | 3.67% | -6.35% | -7.51% | 7.71% | -4.63% | -12.68% | 28.53% | 12.76% | 19.40% | -28.11% | 4.17% | 65.44% | 1.81% | -46.53% | 15.36% | 26.94% | 44.43% | ||||
cost of revenue: | ||||||||||||||||||||||||||||||||
total cost of revenue | 77,714,000 | 75,764,000 | 83,023,000 | 71,330,000 | 66,339,000 | 76,718,000 | 89,251,000 | 80,593,000 | 76,820,000 | 87,744,000 | 86,864,000 | 73,218,000 | 75,787,000 | 86,557,000 | 91,407,000 | 85,239,000 | 91,176,000 | 111,145,000 | 86,806,000 | 72,402,000 | 56,749,000 | 90,298,000 | 88,827,000 | 61,143,000 | 61,497,000 | 108,707,000 | 95,613,000 | 73,948,000 | 55,935,000 | |||
gross profit | 72,668,000 | 65,533,000 | 56,506,000 | 58,075,000 | 52,727,000 | 44,854,000 | 48,416,000 | 46,854,000 | 47,380,000 | 47,349,000 | 43,139,000 | 41,858,000 | 35,217,000 | 31,970,000 | 36,750,000 | 33,740,000 | 33,575,000 | 31,716,000 | 24,343,000 | 26,169,000 | 25,807,000 | 24,538,000 | 21,409,000 | 5,489,000 | 3,953,000 | 13,706,000 | 10,503,000 | 9,650,000 | 1,945,000 | 4,981,000 | 29,747,000 | 28,294,000 |
yoy | 37.82% | 46.10% | 16.71% | 23.95% | 11.29% | -5.27% | 12.23% | 11.94% | 34.54% | 48.10% | 17.39% | 24.06% | 4.89% | 0.80% | 50.97% | 28.93% | 30.10% | 29.25% | 13.70% | 376.75% | 552.85% | 79.03% | 103.84% | -43.12% | 103.24% | 175.17% | -64.69% | -65.89% | ||||
qoq | 10.89% | 15.98% | -2.70% | 10.14% | 17.55% | -7.36% | 3.33% | -1.11% | 0.07% | 9.76% | 3.06% | 18.86% | 10.16% | -13.01% | 8.92% | 0.49% | 5.86% | 30.29% | -6.98% | 1.40% | 5.17% | 14.62% | 290.03% | 38.86% | -71.16% | 30.50% | 8.84% | 396.14% | -60.95% | -83.26% | 5.14% | |
gross margin % | 48.32% | 46.38% | 40.50% | 44.88% | 44.28% | 36.90% | 35.17% | 36.76% | 38.15% | 35.05% | 33.18% | 36.37% | 31.73% | 26.97% | 28.68% | 28.36% | 26.91% | 22.20% | 21.90% | 26.55% | 31.26% | 21.37% | 19.42% | 8.24% | 6.04% | 11.20% | 9.90% | 11.54% | 3.36% | Infinity% | Infinity% | Infinity% |
operating expenses: | ||||||||||||||||||||||||||||||||
research and development | 22,814,000 | 20,852,000 | 18,144,000 | 18,489,000 | 16,165,000 | 15,267,000 | 17,562,000 | 19,561,000 | 20,793,000 | 16,450,000 | 16,829,000 | 17,618,000 | 17,750,000 | 14,457,000 | 16,471,000 | 17,402,000 | 16,379,000 | 13,644,000 | 14,377,000 | 16,251,000 | 14,791,000 | 15,266,000 | 15,436,000 | 14,192,000 | 15,243,000 | 16,928,000 | 16,701,000 | 17,594,000 | 18,161,000 | 16,865,000 | 16,100,000 | 13,804,000 |
sales and marketing | 22,654,000 | 23,077,000 | 20,459,000 | 21,103,000 | 20,203,000 | 20,823,000 | 17,832,000 | 17,698,000 | 17,370,000 | 18,004,000 | 15,863,000 | 16,921,000 | 15,353,000 | 20,214,000 | 22,193,000 | 14,506,000 | 13,168,000 | 12,464,000 | 12,779,000 | 12,459,000 | 11,207,000 | 13,593,000 | 12,720,000 | 11,713,000 | 11,038,000 | 14,596,000 | 13,657,000 | 14,511,000 | 14,221,000 | 15,470,000 | 12,843,000 | 13,068,000 |
general and administrative | 18,207,000 | 16,887,000 | 15,091,000 | 16,334,000 | 17,785,000 | 14,304,000 | 17,052,000 | 21,430,000 | 19,348,000 | 13,282,000 | 12,460,000 | 15,007,000 | 15,622,000 | 17,909,000 | 12,253,000 | 13,149,000 | 12,621,000 | 12,584,000 | 12,119,000 | 13,559,000 | 11,227,000 | 11,338,000 | 11,137,000 | 9,837,000 | 18,784,000 | 15,112,000 | 11,062,000 | 10,914,000 | 10,536,000 | 8,656,000 | 8,357,000 | 6,318,000 |
other operating expense | 1,435,000 | 1,940,000 | 216,000 | 25,000 | ||||||||||||||||||||||||||||
total operating expenses | 65,110,000 | 60,816,000 | 55,634,000 | 56,142,000 | 54,178,000 | 50,882,000 | 53,869,000 | 59,655,000 | 57,990,000 | 47,807,000 | 45,415,000 | 49,887,000 | 49,357,000 | 54,395,000 | 51,190,000 | 45,082,000 | 42,247,000 | 38,946,000 | 39,958,000 | 51,990,000 | 37,279,000 | 40,207,000 | 39,370,000 | 35,824,000 | 44,852,000 | -8,092,000 | 41,557,000 | 43,736,000 | 43,824,000 | 44,594,000 | 43,123,000 | 44,459,000 |
income from operations | 7,558,000 | 4,717,000 | 872,000 | 1,933,000 | -1,451,000 | -6,028,000 | -5,453,000 | -12,801,000 | -10,610,000 | -458,000 | -2,276,000 | -8,029,000 | -14,140,000 | -22,425,000 | -14,440,000 | -11,342,000 | -8,672,000 | -7,230,000 | -15,615,000 | -25,821,000 | -11,472,000 | -15,669,000 | -17,961,000 | -30,335,000 | -40,899,000 | 21,798,000 | -31,054,000 | -34,086,000 | -41,879,000 | -39,613,000 | -13,376,000 | -16,165,000 |
yoy | -620.88% | -178.25% | -115.99% | -115.10% | -86.32% | 1216.16% | 139.59% | 59.43% | -24.96% | -97.96% | -84.24% | -29.21% | 63.05% | 210.17% | -7.52% | -56.07% | -24.41% | -53.86% | -13.06% | -14.88% | -71.95% | -171.88% | -42.16% | -11.00% | -2.34% | -155.03% | 132.16% | 110.86% | ||||
qoq | 60.23% | 440.94% | -54.89% | -233.22% | -75.93% | 10.54% | -57.40% | 20.65% | 2216.59% | -79.88% | -71.65% | -43.22% | -36.95% | 55.30% | 27.31% | 30.79% | 19.94% | -53.70% | -39.53% | 125.08% | -26.79% | -12.76% | -40.79% | -25.83% | -287.63% | -170.19% | -8.90% | -18.61% | 5.72% | 196.15% | -17.25% | |
operating margin % | 5.03% | 3.34% | 0.62% | 1.49% | -1.22% | -4.96% | -3.96% | -10.04% | -8.54% | -0.34% | -1.75% | -6.98% | -12.74% | -18.92% | -11.27% | -9.53% | -6.95% | -5.06% | -14.05% | -26.20% | -13.90% | -13.64% | -16.29% | -45.53% | -62.49% | 17.81% | -29.26% | -40.77% | -72.35% | -Infinity% | -Infinity% | -Infinity% |
other income, net: | ||||||||||||||||||||||||||||||||
gain on sale of long-term investment | 6,423,000 | |||||||||||||||||||||||||||||||
interest income | 1,241,000 | 1,284,000 | 1,508,000 | 1,344,000 | 1,316,000 | 1,303,000 | 1,400,000 | 1,495,000 | 1,386,000 | 1,199,000 | 1,175,000 | 835,000 | 726,000 | 512,000 | 290,000 | 129,000 | -5,000 | -15,000 | -1,000 | 3,000 | 24,000 | 42,000 | 74,000 | 151,000 | 535,000 | 567,000 | 596,000 | 712,000 | 862,000 | 736,000 | 503,000 | |
other income | 70,000 | -4,000 | -57,000 | -18,000 | 84,000 | 10,000 | 52,000 | -39,000 | -12,000 | 19,000 | -116,000 | 411,000 | 605,000 | 599,000 | 2,662,000 | 909,000 | 599,000 | 543,000 | 1,111,000 | 1,183,000 | 775,000 | 154,000 | 31,000 | -47,000 | -254,000 | -129,000 | -1,369,000 | |||||
total other income | 7,734,000 | |||||||||||||||||||||||||||||||
income before income taxes | 15,292,000 | 6,103,000 | 7,027,000 | 2,870,000 | -333,000 | -4,729,000 | -4,110,000 | -11,324,000 | -9,249,000 | 825,000 | -1,091,000 | -7,142,000 | -13,453,000 | -21,925,000 | -14,131,000 | -11,329,000 | -8,266,000 | -6,640,000 | -15,017,000 | -23,156,000 | -10,539,000 | -15,028,000 | -17,344,000 | -29,073,000 | -39,181,000 | 23,140,000 | -30,304,000 | -33,343,000 | -41,064,000 | -39,131,000 | -13,002,000 | -17,534,000 |
provision for income taxes | 415,000 | 339,000 | 154,000 | -254,000 | 502,000 | 132,000 | 329,000 | 236,000 | 395,000 | 133,000 | 29,000 | 221,000 | 792,000 | 230,000 | 304,000 | 228,000 | 213,000 | 152,000 | 181,000 | 164,000 | 180,000 | 182,000 | 115,000 | 183,000 | 145,000 | 3,525,000 | 286,000 | 349,000 | 220,000 | -58,000 | 223,000 | 288,000 |
net income | 14,877,000 | 5,764,000 | 6,873,000 | 3,124,000 | -835,000 | -4,861,000 | -4,439,000 | -11,560,000 | -9,644,000 | 692,000 | -1,120,000 | -7,363,000 | -14,245,000 | -22,155,000 | -14,435,000 | -11,557,000 | -8,479,000 | -6,792,000 | -15,198,000 | -23,320,000 | -10,719,000 | -15,210,000 | -17,459,000 | -29,256,000 | -39,326,000 | 19,615,000 | -30,590,000 | -33,692,000 | -41,284,000 | -39,073,000 | -13,225,000 | -17,822,000 |
yoy | -1881.68% | -218.58% | -254.83% | -127.02% | -91.34% | -802.46% | 296.34% | 57.00% | -32.30% | -103.12% | -92.24% | -36.29% | 68.00% | 226.19% | -5.02% | -50.44% | -20.90% | -55.35% | -12.95% | -20.29% | -72.74% | -177.54% | -42.93% | -13.17% | -4.74% | -150.20% | 131.30% | 89.05% | ||||
qoq | 158.10% | -16.14% | 120.01% | -474.13% | -82.82% | 9.51% | -61.60% | 19.87% | -1493.64% | -161.79% | -84.79% | -48.31% | -35.70% | 53.48% | 24.90% | 36.30% | 24.84% | -55.31% | -34.83% | 117.56% | -29.53% | -12.88% | -40.32% | -25.61% | -300.49% | -164.12% | -9.21% | -18.39% | 5.66% | 195.45% | -25.79% | |
net income margin % | 9.89% | 4.08% | 4.93% | 2.41% | -0.70% | -4.00% | -3.22% | -9.07% | -7.76% | 0.51% | -0.86% | -6.40% | -12.83% | -18.69% | -11.26% | -9.71% | -6.80% | -4.75% | -13.67% | -23.66% | -12.98% | -13.24% | -15.84% | -43.91% | -60.09% | 16.02% | -28.83% | -40.30% | -71.33% | -Infinity% | -Infinity% | -Infinity% |
earnings per share: | ||||||||||||||||||||||||||||||||
basic | 0.14 | |||||||||||||||||||||||||||||||
diluted | 0.13 | |||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||||
basic | 106,995 | 104,203 | 105,198 | 103,885 | 89,653 | 87,173 | 88,124 | 86,868 | 85,222 | 82,688 | 83,809 | 82,134 | 80,370 | 78,084 | 78,662 | 77,885 | 76,560 | 75,074 | 75,337 | 74,729 | 74,409 | 67,231 | 69,600 | 62,500 | ||||||||
diluted | 110,488 | 110,156 | 109,638 | 108,061 | 89,653 | 87,173 | 88,124 | 86,868 | 85,222 | 82,688 | 83,809 | 82,134 | 80,370 | 78,084 | 78,662 | 77,885 | 76,560 | 75,074 | 75,337 | 74,729 | 74,409 | 67,231 | 69,600 | 62,500 | ||||||||
comprehensive income: | ||||||||||||||||||||||||||||||||
other comprehensive loss, net of tax | -17 | -13 | -29 | |||||||||||||||||||||||||||||
total comprehensive income | 14,860 | 5,745 | 6,916 | 3,111 | ||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||
gain on early lease termination | 4,144,000 | |||||||||||||||||||||||||||||||
other non-operating income | -25,500 | 503,000 | ||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||
basic | 0.023 | 0.07 | 0.03 | -0.16 | -0.25 | -0.16 | -0.13 | -0.1 | -0.08 | -0.18 | -0.28 | -0.13 | -0.19 | -0.22 | -0.38 | -0.51 | 0.27 | -0.41 | -0.45 | -0.55 | -0.56 | -0.19 | -0.29 | |||||||||
diluted | 0.02 | 0.06 | 0.03 | -0.16 | -0.25 | -0.16 | -0.13 | -0.1 | -0.08 | -0.18 | -0.28 | -0.13 | -0.19 | -0.22 | -0.38 | -0.51 | 0.27 | -0.41 | -0.45 | -0.55 | -0.56 | -0.19 | -0.29 | |||||||||
weighted-average shares used for eps calculation | ||||||||||||||||||||||||||||||||
basic | 106,995 | 104,203 | 105,198 | 103,885 | 89,653 | 87,173 | 88,124 | 86,868 | 85,222 | 82,688 | 83,809 | 82,134 | 80,370 | 78,084 | 78,662 | 77,885 | 76,560 | 75,074 | 75,337 | 74,729 | 74,409 | 67,231 | 69,600 | 62,500 | ||||||||
diluted | 110,488 | 110,156 | 109,638 | 108,061 | 89,653 | 87,173 | 88,124 | 86,868 | 85,222 | 82,688 | 83,809 | 82,134 | 80,370 | 78,084 | 78,662 | 77,885 | 76,560 | 75,074 | 75,337 | 74,729 | 74,409 | 67,231 | 69,600 | 62,500 | ||||||||
other comprehensive income, net of tax | -19 | 43 | -202 | 45 | -89 | -40 | 83 | 85 | 131 | 128 | 117 | -56 | ||||||||||||||||||||
other non-operating expense | -407,000 | -198,000 | ||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||
basic and diluted | -0.01 | -0.05 | -0.04 | -0.12 | -0.1 | 0.01 | -0.01 | -0.08 | ||||||||||||||||||||||||
weighted-average shares used for eps calculation | ||||||||||||||||||||||||||||||||
basic and diluted | 102,217 | 98,630 | 99,731 | 97,843 | 96,264 | 92,754 | 94,243 | 92,337 | ||||||||||||||||||||||||
comprehensive loss: | ||||||||||||||||||||||||||||||||
total comprehensive loss | -864 | -5,063 | -4,394 | -11,649 | -9,684 | 775 | -1,035 | -7,232 | -14,117 | -22,038 | -14,491 | |||||||||||||||||||||
services | 64,147,000 | 61,883,000 | 60,261,000 | 56,707,000 | 55,925,000 | 51,042,000 | 50,327,000 | 43,944,000 | 38,328,000 | 35,437,000 | 32,788,000 | 29,926,000 | 28,465,000 | 26,997,000 | 25,260,000 | 22,795,000 | 21,565,000 | 18,965,000 | 17,029,000 | 14,727,000 | 12,530,000 | 11,810,000 | 11,153,000 | 11,272,000 | ||||||||
others | 488,000 | 1,423,000 | 966,000 | 479,000 | 71,000 | 263,000 | 341,000 | 632,000 | ||||||||||||||||||||||||
other loss | -25,000 | |||||||||||||||||||||||||||||||
impairment charges | 9,116,000 | |||||||||||||||||||||||||||||||
separation expense | 94,250 | 273,000 | 25,000 | 79,000 | 254,000 | 683,000 | 605,000 | 54,000 | 10,000 | 77,000 | 82,000 | 79,000 | 153,000 | 137,000 | 717,000 | 906,000 | 3,603,000 | 5,823,000 | 11,269,000 | |||||||||||||
gain on sale of business | -292,000 | |||||||||||||||||||||||||||||||
revenue | 122,158,000 | 131,174,000 | 110,948,000 | |||||||||||||||||||||||||||||
cost of revenue | 117,177,000 | 101,427,000 | 82,654,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-31 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-31 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2022-12-31 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2021-12-31 | 2021-10-03 | 2021-06-27 | 2021-03-28 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-07-01 |
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assets | ||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 152,636,000 | 146,440,000 | 86,012,000 | 71,244,000 | 84,009,000 | 82,032,000 | 77,032,000 | 62,928,000 | 62,054,000 | 56,522,000 | 51,133,000 | 61,951,000 | 66,970,000 | 84,024,000 | 80,773,000 | 85,537,000 | 100,975,000 | 175,749,000 | 166,057,000 | 178,698,000 | 172,113,000 | 186,127,000 | 173,619,000 | 185,424,000 | 176,425,000 | 236,680,000 | 113,870,000 | 93,050,000 | 135,582,000 | 151,290,000 | 148,073,000 | 133,000 |
short-term investments | 14,862,000 | 19,985,000 | 79,532,000 | 89,157,000 | 69,097,000 | 69,419,000 | 69,542,000 | 81,077,000 | 80,809,000 | 79,974,000 | 74,916,000 | 61,724,000 | 51,703,000 | 29,700,000 | 44,499,000 | 49,721,000 | 44,566,000 | 5,000,000 | 19,997,000 | 19,992,000 | 20,030,000 | 30,157,000 | 19,990,000 | 39,941,000 | 44,877,000 | 44,792,000 | 49,737,000 | 39,773,000 | ||||
accounts receivable | 52,174,000 | 39,666,000 | 76,698,000 | 61,450,000 | 46,054,000 | 57,332,000 | 68,567,000 | 61,746,000 | 56,496,000 | 65,360,000 | 70,313,000 | 57,327,000 | 52,837,000 | 65,960,000 | 82,707,000 | 73,998,000 | 78,054,000 | 79,564,000 | 70,124,000 | 51,890,000 | 51,121,000 | 77,643,000 | 56,431,000 | 46,466,000 | 61,376,000 | 127,317,000 | 99,698,000 | 79,707,000 | 71,566,000 | 166,045,000 | 117,119,000 | 111,113,000 |
inventories | 43,958,000 | 41,185,000 | 44,371,000 | 30,877,000 | 34,559,000 | 40,633,000 | 51,975,000 | 45,227,000 | 44,676,000 | 38,408,000 | 53,496,000 | 39,429,000 | 39,922,000 | 46,554,000 | 73,243,000 | 39,208,000 | 37,038,000 | 38,390,000 | 39,769,000 | 43,155,000 | 55,972,000 | 64,705,000 | 69,038,000 | 65,814,000 | 61,027,000 | 68,624,000 | 74,117,000 | 97,222,000 | 131,227,000 | 124,791,000 | 132,479,000 | 123,195,000 |
prepaid expenses and other current assets | 12,045,000 | 13,210,000 | 15,110,000 | 15,889,000 | 12,629,000 | 13,190,000 | 12,424,000 | 12,253,000 | 11,896,000 | 10,271,000 | 11,100,000 | 12,318,000 | 7,415,000 | 6,544,000 | 9,871,000 | 8,890,000 | 9,015,000 | 9,919,000 | 12,147,000 | 11,852,000 | 7,705,000 | 8,076,000 | 10,317,000 | 9,948,000 | 12,569,000 | 16,958,000 | 16,088,000 | 11,459,000 | 11,121,000 | 11,427,000 | 9,529,000 | 6,573,000 |
total current assets | 275,675,000 | 260,486,000 | 301,723,000 | 268,617,000 | 246,348,000 | 262,606,000 | 279,540,000 | 263,231,000 | 255,931,000 | 250,535,000 | 260,958,000 | 232,749,000 | 218,847,000 | 232,782,000 | 291,093,000 | 257,354,000 | 269,648,000 | 303,622,000 | 288,097,000 | 285,595,000 | 291,911,000 | 356,548,000 | 329,397,000 | 327,682,000 | 341,554,000 | 469,569,000 | 343,714,000 | 326,315,000 | 394,418,000 | 515,474,000 | 474,561,000 | 241,014,000 |
property and equipment | 14,178,000 | 13,158,000 | 12,391,000 | 8,980,000 | 7,194,000 | 4,765,000 | 4,436,000 | 3,771,000 | 4,311,000 | 4,761,000 | 5,752,000 | 6,421,000 | 7,055,000 | 7,336,000 | 6,588,000 | 7,478,000 | 8,522,000 | 9,595,000 | 10,681,000 | 11,368,000 | 14,596,000 | 15,821,000 | 16,832,000 | 18,210,000 | 19,284,000 | 21,352,000 | 24,216,000 | 27,964,000 | 28,988,000 | 49,428,000 | 39,610,000 | 12,389,000 |
operating lease right-of-use assets | 8,691,000 | 9,195,000 | 9,654,000 | 14,147,000 | 14,836,000 | 15,698,000 | 9,510,000 | 10,242,000 | 10,697,000 | 11,450,000 | 12,190,000 | 11,089,000 | 11,985,000 | 12,809,000 | 14,161,000 | 15,242,000 | 13,797,000 | 14,814,000 | 15,619,000 | 15,148,000 | 22,950,000 | 23,998,000 | 25,031,000 | 26,048,000 | 30,184,000 | 31,300,000 | 32,008,000 | 32,654,000 | 27,033,000 | |||
goodwill | 38,544,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 11,038,000 | 15,638,000 | 15,638,000 | 15,638,000 | 15,638,000 | 15,638,000 | 15,638,000 |
intangible assets | 19,490,000 | |||||||||||||||||||||||||||||||
long-term investment | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 | ||||||||||||||||||||||||||||
other non-current assets | 3,614,000 | 4,171,000 | 3,560,000 | 4,459,000 | 4,655,000 | 4,293,000 | 4,197,000 | 3,900,000 | 3,602,000 | 3,623,000 | 3,620,000 | 3,689,000 | 3,983,000 | 4,081,000 | 4,208,000 | 4,441,000 | 4,671,000 | 4,314,000 | 3,786,000 | 3,519,000 | 2,536,000 | 2,399,000 | 2,216,000 | 2,244,000 | 3,049,000 | 4,008,000 | 5,610,000 | 6,697,000 | 7,722,000 | 8,449,000 | 10,198,000 | 3,440,000 |
total assets | 360,192,000 | 310,548,000 | 350,866,000 | 319,741,000 | 296,571,000 | 298,400,000 | 312,375,000 | 295,806,000 | 289,762,000 | 285,538,000 | 297,637,000 | 269,021,000 | 257,083,000 | 272,201,000 | 331,216,000 | 299,678,000 | 311,790,000 | 347,490,000 | 333,326,000 | 330,781,000 | 347,194,000 | 413,968,000 | 388,899,000 | 389,957,000 | 410,176,000 | 542,712,000 | 426,995,000 | 415,462,000 | 480,374,000 | 595,946,000 | 543,211,000 | 276,066,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||
accounts payable | 40,184,000 | 42,826,000 | 78,156,000 | 50,178,000 | 49,244,000 | 63,784,000 | 93,745,000 | 74,084,000 | 69,878,000 | 55,201,000 | 82,479,000 | 61,221,000 | 46,031,000 | 52,132,000 | 107,103,000 | 77,423,000 | 68,266,000 | 84,098,000 | 61,660,000 | 42,884,000 | 27,054,000 | 62,171,000 | 74,727,000 | 52,902,000 | 39,103,000 | 111,650,000 | 57,772,000 | 22,312,000 | 55,016,000 | 82,542,000 | 49,947,000 | 25,518,000 |
deferred revenue | 52,187,000 | 37,139,000 | 40,073,000 | 42,107,000 | 42,751,000 | 27,248,000 | 24,596,000 | 23,505,000 | 21,394,000 | 18,041,000 | 17,678,000 | 17,639,000 | 15,175,000 | 11,291,000 | 11,893,000 | 13,445,000 | 16,460,000 | 29,442,000 | 39,513,000 | 47,668,000 | 54,999,000 | 53,142,000 | 30,567,000 | 44,287,000 | 46,875,000 | 50,362,000 | 28,443,000 | 26,854,000 | 25,961,000 | 26,678,000 | 26,514,000 | 25,833,000 |
accrued liabilities | 89,331,000 | 92,372,000 | 93,999,000 | 89,998,000 | 81,367,000 | 85,730,000 | 78,933,000 | 80,024,000 | 79,100,000 | 88,209,000 | 85,999,000 | 88,217,000 | 88,216,000 | 98,855,000 | 92,117,000 | 82,225,000 | 91,732,000 | 97,377,000 | 93,444,000 | 97,707,000 | 97,154,000 | 121,766,000 | 106,027,000 | 99,423,000 | 100,447,000 | 127,400,000 | 110,071,000 | 110,040,000 | 119,055,000 | 172,036,000 | 104,519,000 | 96,486,000 |
total current liabilities | 181,702,000 | 172,337,000 | 212,228,000 | 182,283,000 | 173,362,000 | 176,762,000 | 197,274,000 | 177,613,000 | 170,372,000 | 161,451,000 | 186,156,000 | 167,077,000 | 149,422,000 | 162,278,000 | 211,113,000 | 173,231,000 | 176,503,000 | 210,929,000 | 194,723,000 | 188,355,000 | 179,430,000 | 237,346,000 | 211,752,000 | 200,103,000 | 190,545,000 | 293,901,000 | 197,281,000 | 159,998,000 | 201,172,000 | 281,990,000 | 196,383,000 | 147,837,000 |
non-current operating lease liabilities | 6,230,000 | 6,743,000 | 7,210,000 | 16,603,000 | 17,443,000 | 18,357,000 | 14,479,000 | 15,399,000 | 16,133,000 | 17,021,000 | 17,970,000 | 17,141,000 | 18,168,000 | 19,279,000 | 20,239,000 | 21,469,000 | 20,308,000 | 21,470,000 | 22,611,000 | 22,780,000 | 23,897,000 | 25,029,000 | 26,024,000 | 27,026,000 | 27,776,000 | 29,001,000 | 30,484,000 | 31,592,000 | 25,256,000 | |||
other non-current liabilities | 12,858,000 | 3,627,000 | 2,201,000 | 2,581,000 | 2,396,000 | 2,372,000 | 3,713,000 | 3,526,000 | 3,320,000 | 3,790,000 | 3,318,000 | 3,047,000 | 3,242,000 | 2,949,000 | 2,543,000 | 1,906,000 | 1,966,000 | 1,001,000 | 1,481,000 | 1,515,000 | 828,000 | 1,159,000 | 1,261,000 | 573,000 | 229,000 | 606,000 | 14,000 | 10,000 | 7,000 | 1,141,000 | 1,066,000 | |
total liabilities | 200,790,000 | 182,707,000 | 221,639,000 | 201,467,000 | 193,201,000 | 197,491,000 | 215,466,000 | 196,538,000 | 189,825,000 | 182,262,000 | 207,444,000 | 187,265,000 | 170,832,000 | 184,506,000 | 233,895,000 | 197,277,000 | 199,786,000 | 234,838,000 | 221,102,000 | 215,996,000 | 210,864,000 | 280,201,000 | 247,092,000 | 238,053,000 | 231,615,000 | 339,336,000 | 247,389,000 | 212,232,000 | 248,233,000 | 326,444,000 | 237,502,000 | 164,623,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||
preferred stock: 0.001 par value... | ||||||||||||||||||||||||||||||||
common stock: 0.001 par value... | 108,000 | 105,000 | 105,000 | 104,000 | 103,000 | 101,000 | 100,000 | 98,000 | 97,000 | 95,000 | 94,000 | 94,000 | 91,000 | 89,000 | 88,000 | 88,000 | 86,000 | 84,000 | 84,000 | 83,000 | 81,000 | 79,000 | 79,000 | 78,000 | 77,000 | 76,000 | 74,000 | 74,000 | ||||
additional paid-in capital | 527,457,000 | 510,759,000 | 517,890,000 | 513,854,000 | 502,062,000 | 498,739,000 | 489,677,000 | 487,644,000 | 476,665,000 | 470,322,000 | 458,015,000 | 448,543,000 | 445,809,000 | 433,138,000 | 420,727,000 | 411,316,000 | 409,242,000 | 401,367,000 | 394,136,000 | 381,511,000 | 379,738,000 | 366,455,000 | 359,297,000 | 351,913,000 | 349,212,000 | 334,821,000 | 330,618,000 | 323,648,000 | 318,862,000 | 315,277,000 | 312,397,000 | |
accumulated other comprehensive income | -1,000 | 16,000 | 35,000 | -8,000 | 5,000 | 34,000 | 236,000 | 191,000 | 280,000 | 320,000 | 237,000 | 152,000 | 21,000 | -224,000 | -168,000 | -46,000 | 11,000 | 3,000 | -9,000 | 14,000 | 117,000 | -2,000 | 46,000 | 51,000 | 56,000 | 14,000 | ||||||
accumulated deficit | -368,162,000 | -383,039,000 | -388,803,000 | -395,676,000 | -398,800,000 | -397,965,000 | -393,104,000 | -388,665,000 | -377,105,000 | -367,461,000 | -368,153,000 | -367,033,000 | -359,670,000 | -345,425,000 | -323,270,000 | -308,835,000 | -297,278,000 | -288,799,000 | -282,007,000 | -266,809,000 | -243,489,000 | -232,770,000 | -217,560,000 | -200,101,000 | -170,845,000 | -131,519,000 | -151,134,000 | -120,544,000 | -86,852,000 | -45,849,000 | -6,776,000 | |
total stockholders’ equity | 159,402,000 | 127,841,000 | 129,227,000 | 118,274,000 | 103,370,000 | 100,909,000 | 96,909,000 | 99,268,000 | 99,937,000 | 103,276,000 | 90,193,000 | 81,756,000 | 86,251,000 | 87,695,000 | 97,321,000 | 102,401,000 | 112,004,000 | 112,652,000 | 112,224,000 | 114,785,000 | 136,330,000 | 133,767,000 | 141,807,000 | 151,904,000 | 178,561,000 | 203,376,000 | 179,606,000 | 203,230,000 | 232,141,000 | 269,502,000 | 305,709,000 | |
total liabilities and stockholders’ equity | 360,192,000 | 310,548,000 | 350,866,000 | 319,741,000 | 296,571,000 | 298,400,000 | 312,375,000 | 295,806,000 | 289,762,000 | 285,538,000 | 297,637,000 | 269,021,000 | 257,083,000 | 272,201,000 | 331,216,000 | 299,678,000 | 311,790,000 | 347,490,000 | 333,326,000 | 330,781,000 | 347,194,000 | 413,968,000 | 388,899,000 | 389,957,000 | 410,176,000 | 542,712,000 | 426,995,000 | 415,462,000 | 480,374,000 | 595,946,000 | 543,211,000 | |
restricted cash | 3,654,000 | 3,624,000 | 4,183,000 | 4,131,000 | 4,079,000 | 4,035,000 | 4,175,000 | 4,155,000 | 4,128,000 | 4,125,000 | 4,114,000 | 4,107,000 | 4,105,000 | 4,113,000 | 4,163,000 | 4,164,000 | 4,147,000 | 4,141,000 | 4,117,000 | 4,139,000 | 4,130,000 | 4,134,000 | 4,133,000 | 4,134,000 | ||||||||
accumulated other comprehensive loss | -107,000 | |||||||||||||||||||||||||||||||
income tax payable | 138,000 | 45,000 | 12,000 | 106,000 | 96,000 | 223,000 | 267,000 | 431,000 | 3,491,000 | 4,120,000 | 4,489,000 | 995,000 | 792,000 | 1,140,000 | 734,000 | 199,000 | ||||||||||||||||
non-current deferred revenue | 577,000 | 915,000 | 1,344,000 | 2,173,000 | 3,235,000 | 6,605,000 | 16,563,000 | 7,963,000 | 10,259,000 | 12,973,000 | 15,736,000 | 19,552,000 | 20,610,000 | 21,776,000 | 23,313,000 | 19,392,000 | 16,556,000 | |||||||||||||||
non-current income taxes payable | 94,000 | 94,000 | 94,000 | 114,000 | 111,000 | 104,000 | 104,000 | 92,000 | 92,000 | 92,000 | 92,000 | 58,000 | 22,000 | 22,000 | 22,000 | 22,000 | 230,000 | |||||||||||||||
intangibles | 238,000 | 594,000 | 950,000 | 1,306,000 | 1,679,000 | 2,060,000 | 2,442,000 | 2,823,000 | 3,204,000 | 3,585,000 | ||||||||||||||||||||||
non-current financing lease obligation | 19,978,000 | 20,639,000 | ||||||||||||||||||||||||||||||
preferred stock | ||||||||||||||||||||||||||||||||
common stock | 76,000 | 75,000 | 75,000 | |||||||||||||||||||||||||||||
receivables from netgear | 130,000 | 12,184,000 | 27,588,000 | |||||||||||||||||||||||||||||
net parent investment | 111,443,000 | |||||||||||||||||||||||||||||||
payables to netgear | 15,204,000 | |||||||||||||||||||||||||||||||
liabilities and equity | ||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||
total equity | 111,443,000 | |||||||||||||||||||||||||||||||
total liabilities and equity | 276,066,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-31 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-31 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2022-12-31 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2021-12-31 | 2021-10-03 | 2021-06-27 | 2021-03-28 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||
net income | 14,877,000 | 5,764,000 | 6,873,000 | -39,073,000 | |||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||
stock-based compensation expense, net of amounts capitalized | 19,734,000 | 17,200,000 | |||||||||||||||||||||||||||||
depreciation and amortization | 1,697,000 | 1,345,000 | 899,000 | 858,000 | 829,000 | 805,000 | 711,000 | 781,000 | 903,000 | 852,000 | 1,456,000 | 1,204,000 | 1,149,000 | 1,115,000 | 1,130,000 | 1,221,000 | 1,302,000 | 1,429,000 | 1,377,000 | 1,622,000 | 1,547,000 | 2,182,000 | 2,548,000 | 2,703,000 | 2,773,000 | -269,000 | 3,863,000 | 4,062,000 | 3,025,000 | 1,901,000 | 1,450,000 |
gain on sale of long-term investment | -6,423,000 | ||||||||||||||||||||||||||||||
allowance for credit losses and non-cash changes to reserves | 949,000 | -106,000 | 416,000 | -845,000 | 3,155,000 | -118,000 | -107,000 | ||||||||||||||||||||||||
deferred income taxes | 241,000 | 90,000 | -199,000 | 48,000 | -155,000 | 10,000 | -18,000 | -73,000 | 68,000 | -145,000 | 14,000 | 116,000 | 127,000 | -78,000 | 126,000 | 142,000 | -9,000 | -12,000 | -169,000 | 15,000 | -130,000 | -13,000 | 36,000 | -73,000 | 100,000 | -101,000 | -183,000 | 86,000 | -12,000 | -670,000 | |
discount accretion on investments and other | -57,000 | -482,000 | -790,000 | -733,000 | -657,000 | ||||||||||||||||||||||||||
changes in assets and liabilities, net of assets acquired: | |||||||||||||||||||||||||||||||
accounts receivable | -12,490,000 | 37,053,000 | -15,212,000 | -15,475,000 | 11,287,000 | 11,323,000 | -6,900,000 | -5,173,000 | 8,978,000 | 4,952,000 | -12,996,000 | -4,482,000 | 13,216,000 | 16,688,000 | -8,669,000 | 3,990,000 | 1,508,000 | -9,451,000 | -18,024,000 | -786,000 | 26,522,000 | -21,220,000 | -9,665,000 | 14,965,000 | 65,685,000 | -28,101,000 | -19,990,000 | -8,141,000 | 94,479,000 | -48,927,000 | -117,119,000 |
inventories | -1,828,000 | 3,268,000 | -14,522,000 | 4,178,000 | 5,648,000 | 12,099,000 | -9,824,000 | -510,000 | -6,275,000 | 16,027,000 | -14,661,000 | 70,000 | 6,341,000 | 26,726,000 | -33,985,000 | -2,118,000 | 1,490,000 | 1,984,000 | 4,622,000 | 13,356,000 | 9,296,000 | 4,700,000 | -3,665,000 | -4,315,000 | 6,142,000 | 2,929,000 | 23,106,000 | 34,005,000 | -6,436,000 | 7,687,000 | -9,389,000 |
prepaid expenses and other assets | 1,481,000 | 1,201,000 | 1,875,000 | -3,112,000 | 354,000 | -874,000 | -449,000 | -582,000 | -1,672,000 | 2,855,000 | 1,271,000 | -4,724,000 | -900,000 | 3,532,000 | -872,000 | 211,000 | 556,000 | 1,703,000 | -384,000 | -5,143,000 | 361,000 | 2,072,000 | -376,000 | 3,472,000 | 5,273,000 | 13,254,000 | -3,513,000 | 724,000 | 1,060,000 | 527,000 | -2,287,000 |
accounts payable | -3,622,000 | -35,490,000 | 28,310,000 | 1,095,000 | -14,983,000 | -29,870,000 | 19,374,000 | 4,224,000 | 14,561,000 | -27,326,000 | 21,213,000 | 15,929,000 | -6,093,000 | -55,749,000 | 29,794,000 | 9,111,000 | -15,676,000 | 22,183,000 | 19,162,000 | 15,458,000 | -34,647,000 | -11,728,000 | 21,115,000 | 13,165,000 | -71,834,000 | 53,172,000 | 35,484,000 | -32,379,000 | -27,486,000 | 33,590,000 | 49,332,000 |
deferred revenue | 14,811,000 | -1,900,000 | -1,992,000 | -641,000 | 15,597,000 | 2,723,000 | 1,132,000 | 2,155,000 | 3,427,000 | 408,000 | 4,000 | 2,413,000 | 3,785,000 | -737,000 | -1,781,000 | -3,352,000 | -13,411,000 | -10,900,000 | -9,217,000 | -10,701,000 | -8,101,000 | 31,176,000 | -16,016,000 | -5,302,000 | -6,251,000 | 24,563,000 | 531,000 | -273,000 | -2,254,000 | 4,084,000 | 2,616,000 |
accrued and other liabilities | -1,507,000 | -8,173,000 | 3,973,000 | 4,921,000 | -3,594,000 | 2,430,000 | 1,813,000 | -2,779,000 | -8,191,000 | 1,243,000 | 2,043,000 | -3,529,000 | -7,716,000 | 2,784,000 | 13,478,000 | -14,793,000 | -1,320,000 | 2,430,000 | -4,001,000 | -22,072,000 | 3,672,000 | 776,000 | -25,651,000 | -1,864,000 | 3,640,000 | -53,553,000 | |||||
net cash from operating activities | 27,863,000 | 19,770,000 | 19,203,000 | 8,830,000 | 30,919,000 | 6,672,000 | 18,366,000 | 6,462,000 | 19,806,000 | 7,935,000 | 7,459,000 | 12,579,000 | 10,329,000 | -11,179,000 | -5,402,000 | -4,824,000 | -24,557,000 | 9,459,000 | -9,190,000 | 6,702,000 | -30,168,000 | 12,787,000 | -10,634,000 | 221,000 | -48,904,000 | 51,886,000 | 11,946,000 | -39,176,000 | -15,485,000 | 28,623,000 | -43,571,000 |
capital expenditures | -1,956,000 | -1,783,000 | -4,361,000 | -598,000 | -1,639,000 | -1,015,000 | -547,000 | -242,000 | -176,000 | -936,000 | -201,000 | -1,492,000 | -29,000 | -458,000 | -488,000 | -130,000 | 12,000 | -374,000 | -998,000 | 204,000 | -721,000 | -2,728,000 | -939,000 | 1,127,000 | -788,000 | -2,133,000 | 6,424,000 | -4,514,000 | -5,355,000 | -88,000 | -207,000 |
free cash flows | 25,907,000 | 17,987,000 | 14,842,000 | 8,232,000 | 29,280,000 | 5,657,000 | 17,819,000 | 6,220,000 | 19,630,000 | 6,999,000 | 7,258,000 | 11,087,000 | 10,300,000 | -11,637,000 | -5,890,000 | -4,954,000 | -24,545,000 | 9,085,000 | -10,188,000 | 6,906,000 | -30,889,000 | 10,059,000 | -11,573,000 | 1,348,000 | -49,692,000 | 49,753,000 | 18,370,000 | -43,690,000 | -20,840,000 | 28,535,000 | -43,778,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||
purchases of property and equipment, including capitalized software | -2,419,000 | -1,830,000 | -4,218,000 | ||||||||||||||||||||||||||||
purchases of short-term investments | -14,825,000 | 0 | -29,542,000 | -39,341,000 | -44,049,000 | -59,113,000 | -34,436,000 | -70,717,000 | -40,802,000 | -38,965,000 | -49,753,000 | -24,397,000 | -36,755,000 | 0 | -9,815,000 | -14,850,000 | -44,640,000 | -4,998,000 | -19,991,000 | -4,998,000 | -20,096,000 | 0 | -4,975,000 | -14,896,000 | -9,897,000 | -14,845,000 | |||||
purchase of long-term investment | 0 | 0 | 0 | -12,500,000 | |||||||||||||||||||||||||||
acquisition of business | -36,000,000 | ||||||||||||||||||||||||||||||
proceeds from maturities of short-term investments | 19,988,000 | 60,012,000 | 40,000,000 | 20,000,000 | 45,000,000 | 59,800,000 | 46,894,000 | 71,184,000 | 40,718,000 | 34,772,000 | 37,303,000 | 14,950,000 | 15,006,000 | 15,000,000 | 15,030,000 | 0 | 0 | 5,000,000 | 15,000,000 | 5,000,000 | 20,000,000 | 15,000,000 | 10,000,000 | 20,000,000 | 10,000,000 | 15,000,000 | 15,000,000 | ||||
proceeds from sale of long-term investment | 18,923,000 | ||||||||||||||||||||||||||||||
net cash from investing activities | -14,333,000 | 58,182,000 | 6,240,000 | -22,316,000 | -14,352,000 | -389,000 | 11,497,000 | 172,000 | -440,000 | -4,592,000 | -12,944,000 | -10,478,000 | -22,672,000 | 13,805,000 | 4,851,000 | -5,491,000 | -44,938,000 | -330,000 | -872,000 | 4,737,000 | 14,197,000 | -1,820,000 | -877,000 | -2,752,000 | 843,000 | -20,657,000 | -43,094,000 | ||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||
proceeds from employee stock plans | |||||||||||||||||||||||||||||||
repurchases of common stock | -7,334,000 | ||||||||||||||||||||||||||||||
net cash from financing activities | -7,334,000 | -17,524,000 | -10,675,000 | 721,000 | -14,590,000 | -4,937,000 | -15,729,000 | -6,319,000 | -13,782,000 | 2,098,000 | -5,289,000 | -7,260,000 | -4,691,000 | 652,000 | -4,210,000 | -5,112,000 | -5,272,000 | 565,000 | -2,587,000 | -4,904,000 | 1,956,000 | 1,558,000 | -288,000 | -1,127,000 | -166,000 | -120,000 | 1,752,000 | -603,000 | -1,067,000 | -615,000 | 234,605,000 |
net increase in cash and cash equivalents | 6,196,000 | 147,940,000 | |||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 146,440,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 152,636,000 | ||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||
purchases of property and equipment included in accounts payable and accrued liabilities | 463,000 | 47,000 | -143,000 | -598,000 | 1,164,000 | 61,000 | 414,000 | 53,000 | 180,000 | -537,000 | 293,000 | -461,000 | 894,000 | 737,000 | -124,000 | 23,000 | 310,000 | -44,000 | -126,000 | 467,000 | 82,000 | -906,000 | -53,000 | 1,200,000 | 323,000 | -492,000 | 4,331,000 | -1,658,000 | -1,095,000 | ||
stock-based compensation expense capitalized for software development | 305,000 | 235,000 | 534,000 | ||||||||||||||||||||||||||||
stock repurchases included in accounts payable | 1,021,000 | ||||||||||||||||||||||||||||||
gain on early lease termination | 0 | ||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||
proceeds related to employee benefit plans | 1,251,000 | 0 | 1,631,000 | 649,000 | 1,252,000 | 4,733,000 | 1,807,000 | 573,000 | 3,200,000 | 682,000 | 4,608,000 | 3,000 | 1,088,000 | 1,000 | 1,783,000 | 1,388,000 | 828,000 | 1,267,000 | 3,000 | 6,133,000 | 1,704,000 | 1,195,000 | 2,000 | 1,854,000 | 0 | 1,825,000 | 11,000 | 1,000 | |||
repurchase of common stock | -18,775,000 | -10,675,000 | -910,000 | -15,239,000 | |||||||||||||||||||||||||||
restricted stock unit withholdings | -1,768,000 | -20,462,000 | -8,126,000 | -14,355,000 | -1,102,000 | -5,971,000 | -11,868,000 | -4,694,000 | -436,000 | -4,211,000 | -6,895,000 | -6,660,000 | -263,000 | -3,854,000 | -4,907,000 | -4,177,000 | -146,000 | -1,483,000 | -1,129,000 | -2,020,000 | -120,000 | -73,000 | -614,000 | -1,068,000 | |||||||
net increase in cash, cash equivalents, and restricted cash | 60,428,000 | 14,768,000 | -12,765,000 | 1,977,000 | 1,346,000 | 14,134,000 | 315,000 | 5,584,000 | |||||||||||||||||||||||
cash, cash equivalents, and restricted cash, at beginning of period | 0 | 0 | 0 | 82,032,000 | 0 | 0 | 0 | 60,653,000 | 0 | 0 | 0 | 88,179,000 | |||||||||||||||||||
cash, cash equivalents, and restricted cash, at end of period | 60,428,000 | 14,768,000 | -12,765,000 | 84,009,000 | 1,346,000 | 14,134,000 | 315,000 | 66,237,000 | 5,441,000 | -10,774,000 | -5,159,000 | 71,145,000 | |||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to consolidated balance sheets | |||||||||||||||||||||||||||||||
cash and cash equivalents | 60,428,000 | 14,768,000 | -12,765,000 | 84,009,000 | 5,000,000 | 14,104,000 | 874,000 | 62,054,000 | 5,389,000 | -10,818,000 | -5,019,000 | 66,970,000 | |||||||||||||||||||
restricted cash | 30,000 | -559,000 | 4,183,000 | 52,000 | 44,000 | -140,000 | 4,175,000 | ||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 60,428,000 | 14,768,000 | -12,765,000 | 84,009,000 | 1,346,000 | 14,134,000 | 315,000 | 66,237,000 | 5,441,000 | -10,774,000 | -5,159,000 | 71,145,000 | |||||||||||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||||
cash paid for income taxes | |||||||||||||||||||||||||||||||
non-cash investing activities: | |||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to unaudited condensed consolidated balance sheets | |||||||||||||||||||||||||||||||
stock-based compensation expense, net of amounts of capitalized | |||||||||||||||||||||||||||||||
net loss | -835,000 | -4,861,000 | -4,439,000 | -11,560,000 | -9,644,000 | 692,000 | -1,120,000 | -7,363,000 | -14,245,000 | -22,155,000 | -14,435,000 | -11,557,000 | -8,479,000 | -6,792,000 | -15,198,000 | -23,320,000 | -10,719,000 | -15,210,000 | -17,459,000 | -29,256,000 | -39,326,000 | -30,590,000 | -33,692,000 | -41,284,000 | |||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||
stock-based compensation expense | 17,012,000 | 14,498,000 | 14,689,000 | 20,920,000 | 18,550,000 | 10,097,000 | 10,287,000 | 12,973,000 | 14,591,000 | 16,689,000 | 9,953,000 | 12,245,000 | 9,589,000 | 10,482,000 | 7,599,000 | 11,609,000 | 8,340,000 | 8,909,000 | 9,001,000 | 4,564,000 | 12,773,000 | 7,633,000 | 5,219,000 | 5,389,000 | 4,653,000 | ||||||
purchases of property and equipment | -2,803,000 | -1,076,000 | -961,000 | -295,000 | -356,000 | -399,000 | -494,000 | -1,031,000 | -923,000 | -1,195,000 | -364,000 | -153,000 | -298,000 | -330,000 | -872,000 | -263,000 | -803,000 | -1,822,000 | -886,000 | -73,000 | -1,111,000 | -1,641,000 | 2,093,000 | -2,856,000 | -4,260,000 | -10,812,000 | -3,320,000 | ||||
other | -878,000 | -823,000 | -792,000 | ||||||||||||||||||||||||||||
impairment charges | 0 | 0 | |||||||||||||||||||||||||||||
provision for (release of) expected credit losses and inventory reserves | |||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | 5,441,000 | -10,774,000 | -5,159,000 | -17,034,000 | |||||||||||||||||||||||||||
allowance for credit losses and inventory reserves | 605,000 | 415,000 | 198,000 | 21,000 | -91,000 | 15,000 | -135,000 | -595,000 | -1,445,000 | -523,000 | -562,000 | 1,709,000 | |||||||||||||||||||
others | -657,000 | -443,000 | -124,000 | -15,000 | |||||||||||||||||||||||||||
net decrease in cash and cash equivalents and restricted cash | -4,761,000 | -15,427,000 | -74,767,000 | -12,649,000 | 6,535,000 | -14,015,000 | -11,799,000 | 9,023,000 | -60,277,000 | ||||||||||||||||||||||
cash and cash equivalents and restricted cash, at beginning of period | 0 | 0 | 179,856,000 | 0 | 0 | 0 | 190,291,000 | 0 | 0 | 0 | 240,819,000 | 0 | 0 | 0 | 155,424,000 | ||||||||||||||||
cash and cash equivalents and restricted cash, at end of period | -4,761,000 | -15,427,000 | 105,089,000 | 9,694,000 | -12,649,000 | 6,535,000 | 176,276,000 | 12,525,000 | -11,799,000 | 9,023,000 | 180,542,000 | 122,819,000 | 20,816,000 | -42,531,000 | 139,715,000 | ||||||||||||||||
premium amortization (discount accretion) on investments | 61,000 | 28,000 | 0 | 0 | 0 | -3,000 | -6,000 | ||||||||||||||||||||||||
gain on sale of business | 0 | 0 | 0 | -292,000 | |||||||||||||||||||||||||||
accrued liabilities | 65,391,000 | 52,427,000 | |||||||||||||||||||||||||||||
proceeds from sale of business | |||||||||||||||||||||||||||||||
net increase in cash and cash equivalents and restricted cash | 122,819,000 | 20,816,000 | -42,531,000 | -15,709,000 | |||||||||||||||||||||||||||
de-recognized fair value of build-to-suit lease | |||||||||||||||||||||||||||||||
loss on disposal of property and equipment | |||||||||||||||||||||||||||||||
allowance for (release of) credit losses and inventory reserves | -358,000 | 140,000 | |||||||||||||||||||||||||||||
proceeds from initial public offering, net of offering costs | 0 | ||||||||||||||||||||||||||||||
net investment from netgear | |||||||||||||||||||||||||||||||
estimated fair value of a facility under build-to-suit lease including tenant improvements | |||||||||||||||||||||||||||||||
loss on disposal of fixed assets | |||||||||||||||||||||||||||||||
de-recognition of build-to-suit assets and liabilities | 0 | 0 | -21,610,000 | ||||||||||||||||||||||||||||
premium amortization / discount accretion on investments | 49,000 | -5,000 | -117,000 | -137,000 | -137,000 | ||||||||||||||||||||||||||
net cash provided (cash used) by investing activities | -11,207,000 | ||||||||||||||||||||||||||||||
provision for (release of) bad debts and inventory | |||||||||||||||||||||||||||||||
premium amortization/discount accretion on investments | |||||||||||||||||||||||||||||||
payments made in connection with business acquisition, net of cash acquired | |||||||||||||||||||||||||||||||
net investment from parent | -615,000 | 61,210,000 | |||||||||||||||||||||||||||||
estimated fair value of a facility under build-to-suit lease | |||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||
receivables from netgear | 12,054,000 | 14,337,000 | |||||||||||||||||||||||||||||
income taxes payable | 406,000 | 535,000 | 102,000 | ||||||||||||||||||||||||||||
net investment to parent | |||||||||||||||||||||||||||||||
stock-based compensation | 3,495,000 | 3,437,000 | |||||||||||||||||||||||||||||
purchases and transfers of property and equipment | 10,724,000 | 3,113,000 | |||||||||||||||||||||||||||||
payables to netgear | |||||||||||||||||||||||||||||||
cash and cash equivalents, at beginning of period | 0 | ||||||||||||||||||||||||||||||
cash and cash equivalents, at end of period | 147,940,000 |
