Arlo Technologies, Inc. (ARLO) 10-Year Financial Performance & Capital Metrics

ARLO • • Industrial / General

IndustrialsSecurity ServicesElectronic Security & MonitoringVideo Surveillance & Analytics

AboutArlo Technologies, Inc., together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. It combines an intelligent cloud infrastructure and mobile app with various smart connected devices. The company offers Arlo essential indoor camera; Arlo Go 2 LTE/Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allows users to monitor their surroundings; and Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile security. It also provides Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision; Arlo Chime that pairs with the Arlo Video Doorbell to play a variety of ringtones or act as a siren; Arlo Ultra, an integrated spotlight and crystal-clear two-way audio with advanced noise cancellations camera; Arlo Pro 3, an integrated spotlight with color night vision camera; Arlo Video Doorbell delivers direct-to-mobile video calls and personalized alerts; Arlo Floodlight Camera, a wire-free variant LED camera, as well as Arlo Essential Spotlight; Arlo Ultra 2; Arlo Essential XL Spotlight; Arlo Essential Wire-Free Video Doorbell; and Arlo Pro 4 Wire-Free Spotlight. In addition, it provides Arlo accessories, such as charging accessories, device mounts, and device skins. Further, it offers Arlo app for iOS and Android devices that allow users to connect various devices; and Arlo Secure, with coverage for unlimited cameras and an enhanced emergency response solutions. The company offers its products through retailers, wholesale distributors, broadcast channels, wireless carriers, and security solution providers, as well as through its website. Arlo Technologies, Inc. was incorporated in 2018 and is headquartered in Carlsbad, California.Show more

Revenue $511M +4.0%
EBITDA -$32M -56.6%
Net Income -$31M -38.4%
EPS (Diluted) -0.31 -29.2%
Gross Margin 36.7% +7.6%
EBITDA Margin -6.2% -50.5%
Operating Margin -6.83% -34.7%
Net Margin -5.97% -33.1%
ROE -29.88% -29.5%
ROIC -51.82% -26.1%
Debt/Equity 0.18 +10.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Expensive at 13.7x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y6.67%

3Y5.5%

TTM-2.83%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM117.24%

EPS CAGR

10Y-

5Y-

3Y-

TTM112.57%

ROCE

10Y Avg-30.29%

5Y Avg-36.71%

3Y Avg-31.95%

Latest-28.4%

Peer Comparison

Video Surveillance & Analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DGLYDigital Ally, Inc.	4.39M	2.31	-0.41	-30.44%	-59.7%	-136.3%
IVDAIveda Solutions, Inc.	6.34M	1.08	-0.60	-7.31%	-52.31%	-252.38%		0.37
ARLOArlo Technologies, Inc.	1.48B	13.99	-45.13	4.01%	0.84%	3.33%	3.28%	0.18

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	184.6M	370.66M	472.02M	370.01M	357.15M	435.14M	490.41M	491.18M	510.89M
Revenue Growth %	-	1.01%	0.27%	-0.22%	-0.03%	0.22%	0.13%	0%	0.04%
Cost of Goods Sold+	146.57M	279.42M	372.84M	334.2M	301.76M	327.1M	354.38M	323.61M	323.38M
COGS % of Revenue	0.79%	0.75%	0.79%	0.9%	0.84%	0.75%	0.72%	0.66%	0.63%
Gross Profit+	38.03M	91.23M	99.18M	35.8M	55.39M	108.03M	136.03M	167.56M	187.5M
Gross Margin %	0.21%	0.25%	0.21%	0.1%	0.16%	0.25%	0.28%	0.34%	0.37%
Gross Profit Growth %	-	1.4%	0.09%	-0.64%	0.55%	0.95%	0.26%	0.23%	0.12%
Operating Expenses+	51.18M	84.12M	139.6M	173.99M	160.25M	168.17M	192.91M	192.47M	222.4M
OpEx % of Revenue	0.28%	0.23%	0.3%	0.47%	0.45%	0.39%	0.39%	0.39%	0.44%
Selling, General & Admin	26.74M	49.44M	80.8M	104.61M	100.16M	98.4M	126.01M	122.51M	145.86M
SG&A % of Revenue	0.14%	0.13%	0.17%	0.28%	0.28%	0.23%	0.26%	0.25%	0.29%
Research & Development	24.44M	34.68M	58.79M	69.38M	60.14M	59.06M	64.71M	68.65M	73.18M
R&D % of Revenue	0.13%	0.09%	0.12%	0.19%	0.17%	0.14%	0.13%	0.14%	0.14%
Other Operating Expenses	0	0	-1.18M	0	-44K	10.71M	2.19M	1.31M	3.36M
Operating Income+	-13.15M	5.73M	-67.67M	-138.19M	-104.86M	-60.14M	-56.88M	-24.9M	-34.89M
Operating Margin %	-0.07%	0.02%	-0.14%	-0.37%	-0.29%	-0.14%	-0.12%	-0.05%	-0.07%
Operating Income Growth %	-	1.44%	-12.81%	-1.04%	0.24%	0.43%	0.05%	0.56%	-0.4%
EBITDA+	-11.02M	9.47M	-62.36M	-127.51M	-94.66M	-54.16M	-52.11M	-20.24M	-31.69M
EBITDA Margin %	-0.06%	0.03%	-0.13%	-0.34%	-0.27%	-0.12%	-0.11%	-0.04%	-0.06%
EBITDA Growth %	-	1.86%	-7.58%	-1.04%	0.26%	0.43%	0.04%	0.61%	-0.57%
D&A (Non-Cash Add-back)	2.13M	3.74M	5.31M	10.68M	10.21M	5.97M	4.77M	4.66M	3.2M
EBIT	-13.15M	7.12M	-47.52M	-138.19M	-104.86M	-51.02M	-56.88M	-24.9M	-34.89M
Net Interest Income+	0	0	1.24M	2.74M	802K	11K	926K	3.94M	5.58M
Interest Income	0	0	1.24M	2.74M	802K	11K	926K	3.94M	5.58M
Interest Expense	0	0	0	0	0	0	0	0	0
Other Income/Expense	-512K	1.95M	-27.19M	56.62M	4.24M	4.79M	1.23M	4.04M	5.48M
Pretax Income+	-13.66M	7.68M	-67.61M	-81.57M	-100.63M	-55.35M	-55.65M	-20.86M	-29.41M
Pretax Margin %	-0.07%	0.02%	-0.14%	-0.22%	-0.28%	-0.13%	-0.11%	-0.04%	-0.06%
Income Tax+	83K	1.13M	772K	4.38M	625K	677K	975K	1.18M	1.09M
Effective Tax Rate %	1.01%	0.85%	1.01%	1.05%	1.01%	1.01%	1.02%	1.06%	1.04%
Net Income+	-13.74M	6.55M	-68.38M	-85.95M	-101.25M	-56.03M	-56.63M	-22.04M	-30.5M
Net Margin %	-0.07%	0.02%	-0.14%	-0.23%	-0.28%	-0.13%	-0.12%	-0.04%	-0.06%
Net Income Growth %	-	1.48%	-11.44%	-0.26%	-0.18%	0.45%	-0.01%	0.61%	-0.38%
Net Income (Continuing)	-13.74M	6.55M	-75.48M	-85.95M	-101.25M	-56.03M	-56.63M	-22.04M	-30.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.19	0.09	-1.02	-1.14	-1.30	-0.68	-0.65	-0.24	-0.31
EPS Growth %	-	1.47%	-12.32%	-0.12%	-0.14%	0.48%	0.04%	0.63%	-0.29%
EPS (Basic)	-0.19	0.09	-1.02	-1.14	-1.30	-0.68	-0.65	-0.24	-0.31
Diluted Shares Outstanding	72.72M	72.72M	67.23M	75.07M	78.08M	82.69M	87.17M	92.75M	98.63M
Basic Shares Outstanding	72.72M	72.72M	67.23M	75.07M	77.89M	82.4M	87.12M	92.75M	98.63M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	133.21M	243.76M	515.47M	469.57M	356.55M	303.62M	232.78M	250.53M	262.61M
Cash & Short-Term Investments	220K	108K	201.03M	256.67M	206.12M	175.75M	113.72M	136.5M	151.45M
Cash Only	220K	108K	151.29M	236.68M	186.13M	175.75M	84.02M	56.52M	82.03M
Short-Term Investments	0	0	49.74M	19.99M	20M	0	29.7M	79.97M	69.42M
Accounts Receivable	81.84M	157.68M	166.04M	127.32M	77.64M	79.56M	65.96M	65.36M	57.33M
Days Sales Outstanding	161.82	155.27	128.4	125.59	79.35	66.74	49.09	48.57	40.96
Inventory	47.72M	82.95M	124.79M	68.62M	64.7M	38.39M	46.55M	38.41M	40.63M
Days Inventory Outstanding	118.83	108.36	122.17	74.95	78.26	42.84	47.95	43.32	45.86
Other Current Assets	3.43M	0	0	0	0	0	6.54M	10.27M	13.19M
Total Non-Current Assets+	25.37M	26.06M	80.47M	73.14M	57.42M	43.87M	39.42M	35M	35.79M
Property, Plant & Equipment	2.03M	3.88M	49.43M	52.65M	39.82M	24.41M	20.14M	16.21M	20.46M
Fixed Asset Turnover	90.89x	95.46x	9.55x	7.03x	8.97x	17.83x	24.34x	30.30x	24.97x
Goodwill	15.64M	15.64M	15.64M	11.04M	11.04M	11.04M	11.04M	11.04M	11.04M
Intangible Assets	6.28M	4.35M	2.82M	1.31M	0	0	0	0	0
Long-Term Investments	0	0	-1.11M	0	0	0	0	0	0
Other Non-Current Assets	944K	1.33M	12.58M	6.83M	5.29M	6.86M	6.85M	7.75M	4.29M
Total Assets+	158.58M	269.82M	595.95M	542.71M	413.97M	347.49M	272.2M	285.54M	298.4M
Asset Turnover	1.16x	1.37x	0.79x	0.68x	0.86x	1.25x	1.80x	1.72x	1.71x
Asset Growth %	-	0.7%	1.21%	-0.09%	-0.24%	-0.16%	-0.22%	0.05%	0.05%
Total Current Liabilities+	78.24M	130.88M	274.89M	293.9M	237.35M	210.93M	162.28M	161.45M	176.76M
Accounts Payable	21.13M	20.71M	82.54M	111.65M	62.17M	84.1M	52.13M	55.2M	63.78M
Days Payables Outstanding	52.63	27.05	80.81	121.94	75.2	93.84	53.69	62.26	71.99
Short-Term Debt	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	37.42M	3.18M	158.51M	11.79M	15.09M	12.37M	11.37M	13.28M	12.92M
Current Ratio	1.70x	1.86x	1.88x	1.60x	1.50x	1.44x	1.43x	1.55x	1.49x
Quick Ratio	1.09x	1.23x	1.42x	1.36x	1.23x	1.26x	1.15x	1.31x	1.26x
Cash Conversion Cycle	228.02	236.58	169.76	78.6	82.41	15.74	43.35	29.63	14.83
Total Non-Current Liabilities+	7.17M	13.52M	44.45M	45.44M	42.85M	23.91M	22.23M	20.81M	20.73M
Long-Term Debt	0	0	19.98M	0	0	0	0	0	0
Capital Lease Obligations	0	0	19.98M	29M	25.03M	21.47M	19.28M	17.02M	18.36M
Deferred Tax Liabilities	24.09M	0	22K	0	0	0	0	0	0
Other Non-Current Liabilities	167K	189K	-18.82M	698K	1.26M	1.09M	2.74M	3.79M	2.37M
Total Liabilities	85.41M	144.4M	319.34M	339.34M	280.2M	234.84M	184.51M	182.26M	197.49M
Total Debt+	0	0	19.98M	32.91M	29.43M	26.08M	23.47M	17.02M	18.36M
Net Debt	-220K	-108K	-131.31M	-203.77M	-156.7M	-149.67M	-60.55M	-39.5M	-63.67M
Debt / Equity	-	-	0.07x	0.16x	0.22x	0.23x	0.27x	0.16x	0.18x
Debt / EBITDA	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-0.01x	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-
Total Equity+	73.17M	125.42M	276.61M	203.38M	133.77M	112.65M	87.69M	103.28M	100.91M
Equity Growth %	-	0.71%	1.21%	-0.26%	-0.34%	-0.16%	-0.22%	0.18%	-0.02%
Book Value per Share	1.01	1.72	4.11	2.71	1.71	1.36	1.01	1.11	1.02
Total Shareholders' Equity	73.17M	125.42M	276.61M	203.38M	133.77M	112.65M	87.69M	103.28M	100.91M
Common Stock	73.17M	125.42M	74K	76K	79K	84K	89K	95K	101K
Retained Earnings	0	0	-38.74M	-131.52M	-232.77M	-288.8M	-345.43M	-367.46M	-397.96M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.77M	-3.39M	0	-2K	3K	0	-107K	320K	34K
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-33.07M	-38.98M	-17.69M	9.17M	-46.53M	-23.2M	-45.96M	38.3M	51.31M
Operating CF Margin %	-0.18%	-0.11%	-0.04%	0.02%	-0.13%	-0.05%	-0.09%	0.08%	0.1%
Operating CF Growth %	-	-0.18%	0.55%	1.52%	-6.07%	0.5%	-0.98%	1.83%	0.34%
Net Income	-13.74M	6.55M	-75.48M	-85.95M	-101.25M	-56.03M	-56.63M	-22.04M	-30.5M
Depreciation & Amortization	2.13M	3.74M	5.31M	10.68M	10.21M	5.97M	4.77M	4.66M	3.2M
Stock-Based Compensation	1.52M	2.45M	8.83M	22.89M	35.25M	38.03M	48.48M	47.95M	68.66M
Deferred Taxes	-665K	-388K	-1.11M	-210K	50K	-296K	181K	112K	-13K
Other Non-Cash Items	62.7M	121.35M	-120K	-58.26M	726K	5.99M	-166K	-1.73M	-1.17M
Working Capital Changes	-22.31M	-51.34M	44.89M	120.02M	8.49M	-16.86M	-42.59M	9.34M	11.14M
Change in Receivables	-46.34M	-75.84M	-118.65M	38.25M	49.77M	-1.74M	13.52M	690K	8.23M
Change in Inventory	-22.09M	-35.23M	-42.32M	53.6M	2.86M	29.26M	-7.89M	7.78M	-4.51M
Change in Payables	11.51M	-350K	87.31M	28.79M	-49.28M	22.16M	-32.52M	3.72M	8.29M
Cash from Investing+	-10.29M	-4.32M	-71.28M	76.26M	-3.98M	17.73M	-31.77M	-50.69M	10.84M
Capital Expenditures	-1.48M	-3.58M	-21.67M	-6.66M	-3.89M	-2.27M	-2.01M	-2.85M	-2.69M
CapEx % of Revenue	0.01%	0.01%	0.05%	0.02%	0.01%	0.01%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-49.62M	0	-83K	0	-29.76M	0	0
Cash from Financing+	43.58M	43.19M	244.29M	-38K	-23K	-4.97M	-13.94M	-15.14M	-40.77M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	43.58M	43.19M	70.89M	-38K	4.75M	8.23M	4.26M	8.49M	-36.35M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-34.55M	-42.56M	-39.35M	2.51M	-50.42M	-25.46M	-47.97M	35.45M	48.62M
FCF Margin %	-0.19%	-0.11%	-0.08%	0.01%	-0.14%	-0.06%	-0.1%	0.07%	0.1%
FCF Growth %	-	-0.23%	0.08%	1.06%	-21.11%	0.49%	-0.88%	1.74%	0.37%
FCF per Share	-0.48	-0.59	-0.59	0.03	-0.65	-0.31	-0.55	0.38	0.49
FCF Conversion (FCF/Net Income)	2.41x	-5.95x	0.26x	-0.11x	0.46x	0.41x	0.81x	-1.74x	-1.68x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	89K	960K	5.61M	964K	415K	1.2M	1.16M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-18.78%	6.6%	-34.02%	-35.81%	-60.06%	-45.47%	-56.53%	-23.08%	-29.88%
Return on Invested Capital (ROIC)	-13.52%	4.34%	-37.51%	-143.05%	-	-	-157.18%	-41.09%	-51.82%
Gross Margin	20.6%	24.61%	21.01%	9.68%	15.51%	24.83%	27.74%	34.11%	36.7%
Net Margin	-7.44%	1.77%	-14.49%	-23.23%	-28.35%	-12.88%	-11.55%	-4.49%	-5.97%
Debt / Equity	-	-	0.07x	0.16x	0.22x	0.23x	0.27x	0.16x	0.18x
FCF Conversion	2.41x	-5.95x	0.26x	-0.11x	0.46x	0.41x	0.81x	-1.74x	-1.68x
Revenue Growth	-	100.79%	27.35%	-21.61%	-3.47%	21.83%	12.7%	0.16%	4.01%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Product	-	323.24M	-	331.62M	353.94M	289.94M	267.89M
Product Growth	-	-	-	-	6.73%	-18.08%	-7.61%
Service	-	46.77M	-	-	136.48M	201.24M	243M
Service Growth	-	-	-	-	-	47.45%	20.75%
NRE Service	-	-	7.9M	5.9M	-	-	-
NRE Service Growth	-	-	-	-25.32%	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	359.94M	190.06M	255.6M	265.84M	268.44M	299.36M	256.74M
UNITED STATES Growth	-	-47.20%	34.48%	4.01%	0.97%	11.52%	-14.24%
SPAIN	-	-	-	-	135.9M	113.83M	137.67M
SPAIN Growth	-	-	-	-	-	-16.24%	20.95%
Other Countries	-	-	-	-	41.8M	57.84M	66.83M
Other Countries Growth	-	-	-	-	-	38.39%	15.54%
IRELAND	-	-	-	-	44.29M	20.15M	49.65M
IRELAND Growth	-	-	-	-	-	-54.51%	146.42%
EMEA	65.46M	57.23M	61.83M	134.23M	-	-	-
EMEA Growth	-	-12.57%	8.04%	117.09%	-	-	-
Asia Pacific	22.65M	23.61M	25.93M	29.72M	-	-	-
Asia Pacific Growth	-	4.26%	9.79%	14.64%	-	-	-
Americas Excluding United States	16.87M	99.1M	13.8M	5.34M	-	-	-
Americas Excluding United States Growth	-	487.46%	-86.08%	-61.31%	-	-	-

Frequently Asked Questions

Growth & Financials

Arlo Technologies, Inc. (ARLO) reported $509.6M in revenue for fiscal year 2024. This represents a 176% increase from $184.6M in 2016.

Arlo Technologies, Inc. (ARLO) grew revenue by 4.0% over the past year. Growth has been modest.

Yes, Arlo Technologies, Inc. (ARLO) is profitable, generating $4.3M in net income for fiscal year 2024 (-6.0% net margin).

Dividend & Returns

Arlo Technologies, Inc. (ARLO) has a return on equity (ROE) of -29.9%. Negative ROE indicates the company is unprofitable.

Arlo Technologies, Inc. (ARLO) generated $54.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Arlo Technologies, Inc. (ARLO) 10-Year Financial Performance & Capital Metrics

ARLO • • Industrial / General

IndustrialsSecurity ServicesElectronic Security & MonitoringVideo Surveillance & Analytics

Revenue $511M +4.0%
EBITDA -$32M -56.6%
Net Income -$31M -38.4%
EPS (Diluted) -0.31 -29.2%
Gross Margin 36.7% +7.6%
EBITDA Margin -6.2% -50.5%
Operating Margin -6.83% -34.7%
Net Margin -5.97% -33.1%
ROE -29.88% -29.5%
ROIC -51.82% -26.1%
Debt/Equity 0.18 +10.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Expensive at 13.7x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y6.67%

3Y5.5%

TTM-2.83%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM117.24%

EPS CAGR

10Y-

5Y-

3Y-

TTM112.57%

ROCE

10Y Avg-30.29%

5Y Avg-36.71%

3Y Avg-31.95%

Latest-28.4%

Peer Comparison

Video Surveillance & Analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DGLYDigital Ally, Inc.	4.39M	2.31	-0.41	-30.44%	-59.7%	-136.3%
IVDAIveda Solutions, Inc.	6.34M	1.08	-0.60	-7.31%	-52.31%	-252.38%		0.37
ARLOArlo Technologies, Inc.	1.48B	13.99	-45.13	4.01%	0.84%	3.33%	3.28%	0.18

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	184.6M	370.66M	472.02M	370.01M	357.15M	435.14M	490.41M	491.18M	510.89M
Revenue Growth %	-	1.01%	0.27%	-0.22%	-0.03%	0.22%	0.13%	0%	0.04%
Cost of Goods Sold+	146.57M	279.42M	372.84M	334.2M	301.76M	327.1M	354.38M	323.61M	323.38M
COGS % of Revenue	0.79%	0.75%	0.79%	0.9%	0.84%	0.75%	0.72%	0.66%	0.63%
Gross Profit+	38.03M	91.23M	99.18M	35.8M	55.39M	108.03M	136.03M	167.56M	187.5M
Gross Margin %	0.21%	0.25%	0.21%	0.1%	0.16%	0.25%	0.28%	0.34%	0.37%
Gross Profit Growth %	-	1.4%	0.09%	-0.64%	0.55%	0.95%	0.26%	0.23%	0.12%
Operating Expenses+	51.18M	84.12M	139.6M	173.99M	160.25M	168.17M	192.91M	192.47M	222.4M
OpEx % of Revenue	0.28%	0.23%	0.3%	0.47%	0.45%	0.39%	0.39%	0.39%	0.44%
Selling, General & Admin	26.74M	49.44M	80.8M	104.61M	100.16M	98.4M	126.01M	122.51M	145.86M
SG&A % of Revenue	0.14%	0.13%	0.17%	0.28%	0.28%	0.23%	0.26%	0.25%	0.29%
Research & Development	24.44M	34.68M	58.79M	69.38M	60.14M	59.06M	64.71M	68.65M	73.18M
R&D % of Revenue	0.13%	0.09%	0.12%	0.19%	0.17%	0.14%	0.13%	0.14%	0.14%
Other Operating Expenses	0	0	-1.18M	0	-44K	10.71M	2.19M	1.31M	3.36M
Operating Income+	-13.15M	5.73M	-67.67M	-138.19M	-104.86M	-60.14M	-56.88M	-24.9M	-34.89M
Operating Margin %	-0.07%	0.02%	-0.14%	-0.37%	-0.29%	-0.14%	-0.12%	-0.05%	-0.07%
Operating Income Growth %	-	1.44%	-12.81%	-1.04%	0.24%	0.43%	0.05%	0.56%	-0.4%
EBITDA+	-11.02M	9.47M	-62.36M	-127.51M	-94.66M	-54.16M	-52.11M	-20.24M	-31.69M
EBITDA Margin %	-0.06%	0.03%	-0.13%	-0.34%	-0.27%	-0.12%	-0.11%	-0.04%	-0.06%
EBITDA Growth %	-	1.86%	-7.58%	-1.04%	0.26%	0.43%	0.04%	0.61%	-0.57%
D&A (Non-Cash Add-back)	2.13M	3.74M	5.31M	10.68M	10.21M	5.97M	4.77M	4.66M	3.2M
EBIT	-13.15M	7.12M	-47.52M	-138.19M	-104.86M	-51.02M	-56.88M	-24.9M	-34.89M
Net Interest Income+	0	0	1.24M	2.74M	802K	11K	926K	3.94M	5.58M
Interest Income	0	0	1.24M	2.74M	802K	11K	926K	3.94M	5.58M
Interest Expense	0	0	0	0	0	0	0	0	0
Other Income/Expense	-512K	1.95M	-27.19M	56.62M	4.24M	4.79M	1.23M	4.04M	5.48M
Pretax Income+	-13.66M	7.68M	-67.61M	-81.57M	-100.63M	-55.35M	-55.65M	-20.86M	-29.41M
Pretax Margin %	-0.07%	0.02%	-0.14%	-0.22%	-0.28%	-0.13%	-0.11%	-0.04%	-0.06%
Income Tax+	83K	1.13M	772K	4.38M	625K	677K	975K	1.18M	1.09M
Effective Tax Rate %	1.01%	0.85%	1.01%	1.05%	1.01%	1.01%	1.02%	1.06%	1.04%
Net Income+	-13.74M	6.55M	-68.38M	-85.95M	-101.25M	-56.03M	-56.63M	-22.04M	-30.5M
Net Margin %	-0.07%	0.02%	-0.14%	-0.23%	-0.28%	-0.13%	-0.12%	-0.04%	-0.06%
Net Income Growth %	-	1.48%	-11.44%	-0.26%	-0.18%	0.45%	-0.01%	0.61%	-0.38%
Net Income (Continuing)	-13.74M	6.55M	-75.48M	-85.95M	-101.25M	-56.03M	-56.63M	-22.04M	-30.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.19	0.09	-1.02	-1.14	-1.30	-0.68	-0.65	-0.24	-0.31
EPS Growth %	-	1.47%	-12.32%	-0.12%	-0.14%	0.48%	0.04%	0.63%	-0.29%
EPS (Basic)	-0.19	0.09	-1.02	-1.14	-1.30	-0.68	-0.65	-0.24	-0.31
Diluted Shares Outstanding	72.72M	72.72M	67.23M	75.07M	78.08M	82.69M	87.17M	92.75M	98.63M
Basic Shares Outstanding	72.72M	72.72M	67.23M	75.07M	77.89M	82.4M	87.12M	92.75M	98.63M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	133.21M	243.76M	515.47M	469.57M	356.55M	303.62M	232.78M	250.53M	262.61M
Cash & Short-Term Investments	220K	108K	201.03M	256.67M	206.12M	175.75M	113.72M	136.5M	151.45M
Cash Only	220K	108K	151.29M	236.68M	186.13M	175.75M	84.02M	56.52M	82.03M
Short-Term Investments	0	0	49.74M	19.99M	20M	0	29.7M	79.97M	69.42M
Accounts Receivable	81.84M	157.68M	166.04M	127.32M	77.64M	79.56M	65.96M	65.36M	57.33M
Days Sales Outstanding	161.82	155.27	128.4	125.59	79.35	66.74	49.09	48.57	40.96
Inventory	47.72M	82.95M	124.79M	68.62M	64.7M	38.39M	46.55M	38.41M	40.63M
Days Inventory Outstanding	118.83	108.36	122.17	74.95	78.26	42.84	47.95	43.32	45.86
Other Current Assets	3.43M	0	0	0	0	0	6.54M	10.27M	13.19M
Total Non-Current Assets+	25.37M	26.06M	80.47M	73.14M	57.42M	43.87M	39.42M	35M	35.79M
Property, Plant & Equipment	2.03M	3.88M	49.43M	52.65M	39.82M	24.41M	20.14M	16.21M	20.46M
Fixed Asset Turnover	90.89x	95.46x	9.55x	7.03x	8.97x	17.83x	24.34x	30.30x	24.97x
Goodwill	15.64M	15.64M	15.64M	11.04M	11.04M	11.04M	11.04M	11.04M	11.04M
Intangible Assets	6.28M	4.35M	2.82M	1.31M	0	0	0	0	0
Long-Term Investments	0	0	-1.11M	0	0	0	0	0	0
Other Non-Current Assets	944K	1.33M	12.58M	6.83M	5.29M	6.86M	6.85M	7.75M	4.29M
Total Assets+	158.58M	269.82M	595.95M	542.71M	413.97M	347.49M	272.2M	285.54M	298.4M
Asset Turnover	1.16x	1.37x	0.79x	0.68x	0.86x	1.25x	1.80x	1.72x	1.71x
Asset Growth %	-	0.7%	1.21%	-0.09%	-0.24%	-0.16%	-0.22%	0.05%	0.05%
Total Current Liabilities+	78.24M	130.88M	274.89M	293.9M	237.35M	210.93M	162.28M	161.45M	176.76M
Accounts Payable	21.13M	20.71M	82.54M	111.65M	62.17M	84.1M	52.13M	55.2M	63.78M
Days Payables Outstanding	52.63	27.05	80.81	121.94	75.2	93.84	53.69	62.26	71.99
Short-Term Debt	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	37.42M	3.18M	158.51M	11.79M	15.09M	12.37M	11.37M	13.28M	12.92M
Current Ratio	1.70x	1.86x	1.88x	1.60x	1.50x	1.44x	1.43x	1.55x	1.49x
Quick Ratio	1.09x	1.23x	1.42x	1.36x	1.23x	1.26x	1.15x	1.31x	1.26x
Cash Conversion Cycle	228.02	236.58	169.76	78.6	82.41	15.74	43.35	29.63	14.83
Total Non-Current Liabilities+	7.17M	13.52M	44.45M	45.44M	42.85M	23.91M	22.23M	20.81M	20.73M
Long-Term Debt	0	0	19.98M	0	0	0	0	0	0
Capital Lease Obligations	0	0	19.98M	29M	25.03M	21.47M	19.28M	17.02M	18.36M
Deferred Tax Liabilities	24.09M	0	22K	0	0	0	0	0	0
Other Non-Current Liabilities	167K	189K	-18.82M	698K	1.26M	1.09M	2.74M	3.79M	2.37M
Total Liabilities	85.41M	144.4M	319.34M	339.34M	280.2M	234.84M	184.51M	182.26M	197.49M
Total Debt+	0	0	19.98M	32.91M	29.43M	26.08M	23.47M	17.02M	18.36M
Net Debt	-220K	-108K	-131.31M	-203.77M	-156.7M	-149.67M	-60.55M	-39.5M	-63.67M
Debt / Equity	-	-	0.07x	0.16x	0.22x	0.23x	0.27x	0.16x	0.18x
Debt / EBITDA	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-0.01x	-	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-
Total Equity+	73.17M	125.42M	276.61M	203.38M	133.77M	112.65M	87.69M	103.28M	100.91M
Equity Growth %	-	0.71%	1.21%	-0.26%	-0.34%	-0.16%	-0.22%	0.18%	-0.02%
Book Value per Share	1.01	1.72	4.11	2.71	1.71	1.36	1.01	1.11	1.02
Total Shareholders' Equity	73.17M	125.42M	276.61M	203.38M	133.77M	112.65M	87.69M	103.28M	100.91M
Common Stock	73.17M	125.42M	74K	76K	79K	84K	89K	95K	101K
Retained Earnings	0	0	-38.74M	-131.52M	-232.77M	-288.8M	-345.43M	-367.46M	-397.96M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.77M	-3.39M	0	-2K	3K	0	-107K	320K	34K
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-33.07M	-38.98M	-17.69M	9.17M	-46.53M	-23.2M	-45.96M	38.3M	51.31M
Operating CF Margin %	-0.18%	-0.11%	-0.04%	0.02%	-0.13%	-0.05%	-0.09%	0.08%	0.1%
Operating CF Growth %	-	-0.18%	0.55%	1.52%	-6.07%	0.5%	-0.98%	1.83%	0.34%
Net Income	-13.74M	6.55M	-75.48M	-85.95M	-101.25M	-56.03M	-56.63M	-22.04M	-30.5M
Depreciation & Amortization	2.13M	3.74M	5.31M	10.68M	10.21M	5.97M	4.77M	4.66M	3.2M
Stock-Based Compensation	1.52M	2.45M	8.83M	22.89M	35.25M	38.03M	48.48M	47.95M	68.66M
Deferred Taxes	-665K	-388K	-1.11M	-210K	50K	-296K	181K	112K	-13K
Other Non-Cash Items	62.7M	121.35M	-120K	-58.26M	726K	5.99M	-166K	-1.73M	-1.17M
Working Capital Changes	-22.31M	-51.34M	44.89M	120.02M	8.49M	-16.86M	-42.59M	9.34M	11.14M
Change in Receivables	-46.34M	-75.84M	-118.65M	38.25M	49.77M	-1.74M	13.52M	690K	8.23M
Change in Inventory	-22.09M	-35.23M	-42.32M	53.6M	2.86M	29.26M	-7.89M	7.78M	-4.51M
Change in Payables	11.51M	-350K	87.31M	28.79M	-49.28M	22.16M	-32.52M	3.72M	8.29M
Cash from Investing+	-10.29M	-4.32M	-71.28M	76.26M	-3.98M	17.73M	-31.77M	-50.69M	10.84M
Capital Expenditures	-1.48M	-3.58M	-21.67M	-6.66M	-3.89M	-2.27M	-2.01M	-2.85M	-2.69M
CapEx % of Revenue	0.01%	0.01%	0.05%	0.02%	0.01%	0.01%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-49.62M	0	-83K	0	-29.76M	0	0
Cash from Financing+	43.58M	43.19M	244.29M	-38K	-23K	-4.97M	-13.94M	-15.14M	-40.77M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	43.58M	43.19M	70.89M	-38K	4.75M	8.23M	4.26M	8.49M	-36.35M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-34.55M	-42.56M	-39.35M	2.51M	-50.42M	-25.46M	-47.97M	35.45M	48.62M
FCF Margin %	-0.19%	-0.11%	-0.08%	0.01%	-0.14%	-0.06%	-0.1%	0.07%	0.1%
FCF Growth %	-	-0.23%	0.08%	1.06%	-21.11%	0.49%	-0.88%	1.74%	0.37%
FCF per Share	-0.48	-0.59	-0.59	0.03	-0.65	-0.31	-0.55	0.38	0.49
FCF Conversion (FCF/Net Income)	2.41x	-5.95x	0.26x	-0.11x	0.46x	0.41x	0.81x	-1.74x	-1.68x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	89K	960K	5.61M	964K	415K	1.2M	1.16M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-18.78%	6.6%	-34.02%	-35.81%	-60.06%	-45.47%	-56.53%	-23.08%	-29.88%
Return on Invested Capital (ROIC)	-13.52%	4.34%	-37.51%	-143.05%	-	-	-157.18%	-41.09%	-51.82%
Gross Margin	20.6%	24.61%	21.01%	9.68%	15.51%	24.83%	27.74%	34.11%	36.7%
Net Margin	-7.44%	1.77%	-14.49%	-23.23%	-28.35%	-12.88%	-11.55%	-4.49%	-5.97%
Debt / Equity	-	-	0.07x	0.16x	0.22x	0.23x	0.27x	0.16x	0.18x
FCF Conversion	2.41x	-5.95x	0.26x	-0.11x	0.46x	0.41x	0.81x	-1.74x	-1.68x
Revenue Growth	-	100.79%	27.35%	-21.61%	-3.47%	21.83%	12.7%	0.16%	4.01%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Product	-	323.24M	-	331.62M	353.94M	289.94M	267.89M
Product Growth	-	-	-	-	6.73%	-18.08%	-7.61%
Service	-	46.77M	-	-	136.48M	201.24M	243M
Service Growth	-	-	-	-	-	47.45%	20.75%
NRE Service	-	-	7.9M	5.9M	-	-	-
NRE Service Growth	-	-	-	-25.32%	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	359.94M	190.06M	255.6M	265.84M	268.44M	299.36M	256.74M
UNITED STATES Growth	-	-47.20%	34.48%	4.01%	0.97%	11.52%	-14.24%
SPAIN	-	-	-	-	135.9M	113.83M	137.67M
SPAIN Growth	-	-	-	-	-	-16.24%	20.95%
Other Countries	-	-	-	-	41.8M	57.84M	66.83M
Other Countries Growth	-	-	-	-	-	38.39%	15.54%
IRELAND	-	-	-	-	44.29M	20.15M	49.65M
IRELAND Growth	-	-	-	-	-	-54.51%	146.42%
EMEA	65.46M	57.23M	61.83M	134.23M	-	-	-
EMEA Growth	-	-12.57%	8.04%	117.09%	-	-	-
Asia Pacific	22.65M	23.61M	25.93M	29.72M	-	-	-
Asia Pacific Growth	-	4.26%	9.79%	14.64%	-	-	-
Americas Excluding United States	16.87M	99.1M	13.8M	5.34M	-	-	-
Americas Excluding United States Growth	-	487.46%	-86.08%	-61.31%	-	-	-

Frequently Asked Questions

Growth & Financials

Arlo Technologies, Inc. (ARLO) reported $509.6M in revenue for fiscal year 2024. This represents a 176% increase from $184.6M in 2016.

Arlo Technologies, Inc. (ARLO) grew revenue by 4.0% over the past year. Growth has been modest.

Yes, Arlo Technologies, Inc. (ARLO) is profitable, generating $4.3M in net income for fiscal year 2024 (-6.0% net margin).

Dividend & Returns

Arlo Technologies, Inc. (ARLO) has a return on equity (ROE) of -29.9%. Negative ROE indicates the company is unprofitable.

Arlo Technologies, Inc. (ARLO) generated $54.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.