EXTR

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Extreme Networks, Inc.

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Key Metrics

Previous Close: $22.79
52-Week Range: $13.48 – $33.73
Market Cap: $2.91B
P/E (TTM): 72.00
EPS (TTM): 0.31
Dividend Yield: —

Advanced Metrics

Price/Book: 33.07
PEG Ratio: 0.84
Return on Equity: 54.64%
Return on Assets: 3.43%
Gross Margin: 61.48%
Operating Margin: 6.44%
Profit Margin: 3.28%
Current Ratio: 0.93
Debt/Equity: 2.20
Total Debt: $194.57M
Free Cash Flow: $81.45M
Revenue Growth: 10.30%
Earnings Growth: —
Enterprise Value: $2.96B

EXTR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.11B	$1.31B	$1.12B	$1.14B
Cost of Revenue	$482.38M	$557.73M	$486.37M	$430.94M
Gross Profit	$629.94M	$754.72M	$630.83M	$709.13M
Research & Development	$190.59M	$214.27M	$211.93M	$221.46M
Selling, General & Admin	$363.17M	$426.84M	$445.74M	$467.18M
Operating Expenses	$556.99M	$643.16M	$659.71M	$690.69M
Operating Income	$72.94M	$111.56M	-$28.88M	$18.44M
EBITDA	$105.14M	$146.37M	-$31.07M	$39.42M
Pretax Income	$52.19M	$94.11M	-$77.50M	$4.27M
Income Tax	$7.92M	$16.03M	$8.46M	$11.74M
Net Income	$44.27M	$78.07M	-$85.96M	-$7.47M
Diluted EPS	0.33	0.58	-0.65	-0.06
Diluted Shares	133.49M	133.65M	132.69M	132.33M

EXTR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$194.52M	$234.83M	$156.70M	$231.75M
Receivables	$184.10M	$182.04M	$89.52M	$126.71M
Inventory	$49.23M	$89.02M	$141.03M	$102.58M
Current Assets	$489.09M	$576.16M	$466.93M	$535.30M
Total Assets	$1.07B	$1.14B	$1.04B	$1.15B
Current Liabilities	$500.18M	$575.50M	$517.59M	$587.88M
Long-Term Debt	$270.57M	$187.59M	$178.26M	$163.72M
Total Debt	$351.13M	$264.61M	$239.60M	$223.44M
Total Liabilities	$978.17M	$1.02B	$1.02B	$1.09B
Retained Earnings	-$934.07M	-$856.00M	-$941.96M	-$949.43M
Shareholders' Equity	$90.34M	$116.75M	$25.28M	$65.58M
Working Capital	-$11.09M	$657.00K	-$50.66M	-$52.58M
Net Debt	$109.40M	—	$30.89M	—

EXTR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$128.18M	$249.21M	$55.49M	$152.03M
Capital Expenditure	-$15.43M	-$13.80M	-$18.12M	-$24.71M
Free Cash Flow	$112.74M	$235.41M	$37.37M	$127.32M
Depreciation & Amortisation	$40.16M	$34.88M	$29.45M	$19.22M
Stock-Based Compensation	$43.36M	$63.47M	$76.76M	$82.31M
Investing Cash Flow	-$84.95M	-$13.80M	-$18.12M	-$24.71M
Financing Cash Flow	-$94.66M	-$194.78M	-$114.98M	-$52.59M
Share Repurchases	-$44.97M	-$99.86M	-$49.85M	-$37.99M
Net Change in Cash	-$51.44M	$40.63M	-$77.61M	$74.73M

EXTR Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$284.50M	$307.00M	$310.25M	$317.93M	$316.87M
Cost of Revenue	$109.10M	$117.92M	$122.22M	$122.84M	$121.33M
Gross Profit	$175.41M	$189.09M	$188.03M	$195.08M	$195.54M
Research & Development	$55.66M	$56.47M	$57.75M	$57.52M	$59.18M
Selling, General & Admin	$109.31M	$133.86M	$118.11M	$123.99M	$118.61M
Operating Expenses	$165.47M	$190.84M	$176.36M	$181.92M	$178.20M
Operating Income	$9.94M	-$1.75M	$11.67M	$13.16M	$17.34M
EBITDA	$15.53M	$4.26M	$16.91M	$18.52M	$22.63M
Pretax Income	$7.17M	-$3.87M	$8.35M	$10.40M	$14.81M
Income Tax	$3.71M	$3.94M	$2.74M	$2.53M	$4.22M
Net Income	$3.46M	-$7.80M	$5.61M	$7.88M	$10.59M
Diluted EPS	0.03	-0.06	0.04	0.06	0.08
Diluted Shares	134.59M	132.81M	135.07M	135.17M	133.59M

EXTR Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$185.48M	$231.75M	$209.00M	$219.79M	$210.11M
Receivables	$99.55M	$126.71M	$145.80M	$152.43M	$162.71M
Inventory	$115.74M	$102.58M	$93.73M	$83.59M	$76.63M
Current Assets	$476.60M	$535.30M	$525.86M	$535.73M	$541.80M
Total Assets	$1.07B	$1.15B	$1.15B	$1.17B	$1.17B
Current Liabilities	$511.96M	$587.88M	$577.49M	$565.14M	$593.26M
Long-Term Debt	$167.29M	$163.72M	$158.90M	$154.06M	$149.22M
Total Debt	$227.31M	$223.44M	$242.39M	$212.12M	$235.74M
Total Liabilities	$1.00B	$1.09B	$1.08B	$1.07B	$1.09B
Retained Earnings	-$941.63M	-$949.43M	-$943.82M	-$935.94M	-$925.35M
Shareholders' Equity	$71.70M	$65.58M	$68.56M	$95.91M	$78.97M
Working Capital	-$35.36M	-$52.58M	-$51.62M	-$29.41M	-$51.46M

EXTR Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$29.97M	$81.94M	-$14.00M	$50.14M	$14.19M
Capital Expenditure	-$5.74M	-$6.65M	-$6.86M	-$7.07M	-$6.44M
Free Cash Flow	$24.23M	$75.29M	-$20.85M	$43.07M	$7.75M
Depreciation & Amortisation	$4.56M	$4.60M	$4.91M	$4.75M	$4.57M
Stock-Based Compensation	$20.35M	$20.74M	$21.78M	$22.90M	$21.77M
Investing Cash Flow	-$5.74M	-$6.65M	-$6.86M	-$7.07M	-$6.44M
Financing Cash Flow	-$9.11M	-$29.48M	-$1.72M	-$32.28M	-$16.85M
Share Repurchases	-$13.00M	-$24.99M	-$12.00M	$0.00	-$50.00M
Net Change in Cash	$15.13M	$45.81M	-$22.57M	$10.79M	-$9.10M

Market Snapshot

About

Extreme Networks, Inc. provides software-driven networking solutions for enterprise and data center environments. The company offers end-to-end networking infrastructure including wired and wireless networking equipment, network management software, security solutions, and analytics platforms powered by artificial intelligence and machine learning. Extreme Networks serves customers across industries including education, healthcare, hospitality, manufacturing, and retail. The company has built its portfolio through organic development and strategic acquisitions, positioning itself as a provider of comprehensive networking solutions for cloud-enabled enterprises.