Extreme Networks, Inc. (EXTR) 10-Year Financial Performance & Capital Metrics

EXTR • • Industrial / General

TechnologyCommunication EquipmentEnterprise Networking & Unified CommunicationsEnterprise Network Equipment

AboutExtreme Networks, Inc. provides software-driven networking solutions worldwide. It designs, develops, and manufactures wired and wireless network infrastructure equipment; and develops software for network management, policy, analytics, security, and access controls. The company offers ExtremeCloud IQ, an ML/AI powered, wired, and wireless cloud network management solution that offers advanced visibility and control over users, devices, and applications; ExtremeCloud IQ Site Engine that provides task automation, access control, granular visibility with real-time analytics and multi-vendor device management; and ExtremeCloud IQ Essentials offers WIPS, location services, IoT, and guest management services. It also provides wireless access point products; ExtremeSwitching portfolio that includes access edge products that offer physical presentations along with options to deliver Ethernet or convergence-friendly Power-over-Ethernet (POE), including high-power universal POE; aggregation/core switches designed to address aggregation, top-of-rack, and campus core environments; and data center switches and routers. In addition, the company offers cloud native platforms and applications for service providers; and customer support and services. It markets and sells its products through distributors, resellers, and field sales organizations to healthcare, education, government, manufacturing, retail, and hospitality markets. Extreme Networks, Inc. was incorporated in 1996 and is headquartered in Morrisville, North Carolina.Show more

Revenue $1.14B +2.0%
EBITDA $36M +200.9%
Net Income -$7M +91.3%
EPS (Diluted) -0.06 +91.5%
Gross Margin 62.2% +10.5%
EBITDA Margin 3.17% +194.8%
Operating Margin 1.49% +157.5%
Net Margin -0.66% +91.5%
ROE -16.44% +86.4%
ROIC 14.44% +192.1%
Debt/Equity 3.41 -65.6%
Interest Coverage 1.06 +162.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗High debt to equity ratio of 3.4x
✗Thin 5Y average net margin of 0.4%
✗Expensive at 32.5x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.5%

5Y3.76%

3Y0.82%

TTM14.31%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM107.61%

EPS CAGR

10Y-

5Y-

3Y-

TTM108.93%

ROCE

10Y Avg4.19%

5Y Avg7.47%

3Y Avg5.83%

Latest3.11%

Peer Comparison

Enterprise Network Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NTGRNETGEAR, Inc.	644.17M	22.68	54	-9.05%	-3.73%	-5.15%	24.19%	0.06
CSCOCisco Systems, Inc.	297.32B	75.25	29.51	5.3%	17.9%	22.04%	4.47%	0.63
SILCSilicom Ltd.	88.97M	15.68	-6.88	-53.18%	-25.41%	-12.24%	19.51%	0.05
EXTRExtreme Networks, Inc.	2.15B	16.09	-285.28	2.05%	0.81%	13.88%	5.92%	3.41
HPEHewlett Packard Enterprise Company	29.29B	21.95	-492.15	13.84%	0.17%	0.23%	2.14%	0.90

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	528.39M	598.12M	983.14M	995.79M	948.02M	1.01B	1.11B	1.31B	1.12B	1.14B
Revenue Growth %	-0.04%	0.13%	0.64%	0.01%	-0.05%	0.06%	0.1%	0.18%	-0.15%	0.02%
Cost of Goods Sold+	274.6M	284.83M	457.34M	453.9M	441.64M	436M	485.62M	559.78M	488.41M	430.94M
COGS % of Revenue	0.52%	0.48%	0.47%	0.46%	0.47%	0.43%	0.44%	0.43%	0.44%	0.38%
Gross Profit+	253.79M	322.25M	525.8M	541.89M	506.38M	573.41M	626.7M	752.67M	628.79M	709.13M
Gross Margin %	0.48%	0.54%	0.53%	0.54%	0.53%	0.57%	0.56%	0.57%	0.56%	0.62%
Gross Profit Growth %	-0.03%	0.27%	0.63%	0.03%	-0.07%	0.13%	0.09%	0.2%	-0.16%	0.13%
Operating Expenses+	267.2M	294.21M	500.47M	548.08M	549.03M	534.39M	553.65M	641.11M	657.67M	692.18M
OpEx % of Revenue	0.51%	0.49%	0.51%	0.55%	0.58%	0.53%	0.5%	0.49%	0.59%	0.61%
Selling, General & Admin	188.48M	200.49M	316.6M	337.95M	339.42M	337.4M	363.06M	426.84M	445.74M	467.18M
SG&A % of Revenue	0.36%	0.34%	0.32%	0.34%	0.36%	0.33%	0.33%	0.33%	0.4%	0.41%
Research & Development	78.72M	93.72M	183.88M	210.13M	209.61M	197M	190.59M	214.27M	211.93M	221.46M
R&D % of Revenue	0.15%	0.16%	0.19%	0.21%	0.22%	0.2%	0.17%	0.16%	0.19%	0.19%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	3.54M
Operating Income+	-13.41M	28.04M	25.33M	-6.19M	-42.65M	39.02M	73.06M	111.56M	-28.88M	16.95M
Operating Margin %	-0.03%	0.05%	0.03%	-0.01%	-0.04%	0.04%	0.07%	0.09%	-0.03%	0.01%
Operating Income Growth %	0.69%	3.09%	-0.1%	-1.24%	-5.89%	1.91%	0.87%	0.53%	-1.26%	1.59%
EBITDA+	29.76M	54.38M	74.39M	49.68M	42.8M	116.07M	128.15M	158.69M	12.02M	36.17M
EBITDA Margin %	0.06%	0.09%	0.08%	0.05%	0.05%	0.11%	0.12%	0.12%	0.01%	0.03%
EBITDA Growth %	4.12%	0.83%	0.37%	-0.33%	-0.14%	1.71%	0.1%	0.24%	-0.92%	2.01%
D&A (Non-Cash Add-back)	43.17M	26.34M	49.06M	55.87M	85.44M	77.05M	55.09M	47.12M	40.9M	19.22M
EBIT	-24.45M	6.68M	-35.86M	-13.28M	-96.74M	33.04M	64.98M	111.49M	-60.51M	20.2M
Net Interest Income+	-2.98M	-3.4M	-11.08M	-10.37M	-22.33M	-22.5M	-12.38M	-14.23M	-12.43M	-11.62M
Interest Income	113K	689K	2.85M	2.23M	1.42M	352K	412K	3.15M	4.56M	4.31M
Interest Expense	3.1M	4.09M	13.92M	12.6M	23.75M	22.86M	12.79M	17.39M	16.99M	15.93M
Other Income/Expense	-14.13M	-25.45M	-71.98M	-19.68M	-77.85M	-28.84M	-20.86M	-17.46M	-48.62M	-12.68M
Pretax Income+	-27.55M	2.6M	-46.65M	-25.87M	-120.49M	10.19M	52.19M	94.11M	-77.5M	4.27M
Pretax Margin %	-0.05%	0%	-0.05%	-0.03%	-0.13%	0.01%	0.05%	0.07%	-0.07%	0%
Income Tax+	4.34M	4.34M	145K	-21K	6.35M	8.25M	7.92M	16.03M	8.46M	11.74M
Effective Tax Rate %	1.16%	-3.28%	1%	1%	1.05%	0.19%	0.85%	0.83%	1.11%	-1.75%
Net Income+	-31.88M	-8.52M	-46.79M	-25.85M	-126.84M	1.94M	44.27M	78.07M	-85.96M	-7.47M
Net Margin %	-0.06%	-0.01%	-0.05%	-0.03%	-0.13%	0%	0.04%	0.06%	-0.08%	-0.01%
Net Income Growth %	0.55%	0.73%	-4.49%	0.45%	-3.91%	1.02%	21.87%	0.76%	-2.1%	0.91%
Net Income (Continuing)	-31.88M	-1.74M	-46.79M	-25.85M	-126.84M	1.94M	44.27M	78.07M	-85.96M	-7.47M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.31	-0.08	-0.41	-0.22	-1.06	0.02	0.33	0.58	-0.66	-0.06
EPS Growth %	0.57%	0.75%	-4.21%	0.46%	-3.82%	1.01%	20.71%	0.76%	-2.14%	0.91%
EPS (Basic)	-0.31	-0.08	-0.41	-0.22	-1.06	0.02	0.34	0.60	-0.66	-0.06
Diluted Shares Outstanding	103.07M	108.27M	114.22M	117.95M	119.81M	127.67M	133.49M	133.65M	129.29M	132.33M
Basic Shares Outstanding	103.07M	108.27M	114.22M	117.95M	119.81M	124.02M	129.44M	129.47M	129.29M	132.33M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	228.97M	324.97M	427.91M	441.99M	414.21M	487.6M	489.09M	576.16M	466.93M	535.3M
Cash & Short-Term Investments	94.12M	130.45M	121.14M	169.61M	193.87M	246.89M	194.52M	234.83M	156.7M	231.75M
Cash Only	94.12M	130.45M	121.14M	169.61M	193.87M	246.89M	194.52M	234.83M	156.7M	231.75M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	81.42M	93.11M	212.42M	174.41M	122.73M	156.48M	184.1M	182.04M	89.52M	126.71M
Days Sales Outstanding	56.24	56.82	78.86	63.93	47.25	56.58	60.41	50.63	29.25	40.57
Inventory	40.99M	45.88M	63.87M	63.59M	62.59M	32.88M	49.23M	89.02M	141.03M	102.58M
Days Inventory Outstanding	54.48	58.79	50.97	51.13	51.73	27.53	37	58.05	105.4	86.88
Other Current Assets	12.44M	27.87M	0	34.38M	35.02M	51.34M	61.24M	70.26M	79.68M	74.27M
Total Non-Current Assets+	145.88M	158.38M	342.33M	314.88M	564.88M	522.5M	579.42M	565.55M	575.67M	617.92M
Property, Plant & Equipment	29.58M	30.24M	78.52M	73.55M	110.09M	91.93M	86.03M	81.19M	87.89M	83.02M
Fixed Asset Turnover	17.86x	19.78x	12.52x	13.54x	8.61x	10.98x	12.93x	16.17x	12.71x	13.73x
Goodwill	70.88M	80.22M	139.08M	138.58M	331.16M	331.16M	400.14M	394.75M	393.71M	399.57M
Intangible Assets	19.76M	25.34M	77.09M	51.11M	68.39M	36.04M	32.52M	16.06M	10.61M	6.54M
Long-Term Investments	-4.69M	-6.58M	-6.13M	-1.96M	-2.33M	-3.83M	0	-7.75M	0	0
Other Non-Current Assets	25.66M	22.59M	47.64M	51.64M	55.24M	63.37M	53.01M	73.54M	83.46M	128.79M
Total Assets+	374.85M	483.35M	770.25M	756.87M	979.09M	1.01B	1.07B	1.14B	1.04B	1.15B
Asset Turnover	1.41x	1.24x	1.28x	1.32x	0.97x	1.00x	1.04x	1.15x	1.07x	0.99x
Asset Growth %	-0.13%	0.29%	0.59%	-0.02%	0.29%	0.03%	0.06%	0.07%	-0.09%	0.11%
Total Current Liabilities+	211.77M	255.82M	359.87M	356.03M	397.82M	455.7M	500.18M	575.5M	517.59M	587.88M
Accounts Payable	30.71M	31.59M	75.69M	65.7M	48.44M	60.14M	84.34M	99.72M	51.42M	63.94M
Days Payables Outstanding	40.82	40.48	60.41	52.84	40.03	50.35	63.39	65.02	38.43	54.16
Short-Term Debt	17.63M	12.28M	9.01M	9.01M	35.71M	42.46M	47.3M	45.17M	19.87M	14.27M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	36.29M	47.63M	50.35M	85.46M	53.36M	52.87M	62.61M	65.92M	87.57M	110.24M
Current Ratio	1.08x	1.27x	1.19x	1.24x	1.04x	1.07x	0.98x	1.00x	0.90x	0.91x
Quick Ratio	0.89x	1.09x	1.01x	1.06x	0.88x	1.00x	0.88x	0.85x	0.63x	0.74x
Cash Conversion Cycle	69.9	75.14	69.43	62.23	58.95	33.76	34.02	43.65	96.21	73.29
Total Non-Current Liabilities+	72.88M	120.82M	297.64M	284.86M	575.87M	499.93M	477.99M	449.45M	499.72M	499.76M
Long-Term Debt	37.45M	80.42M	188.75M	169.74M	394.58M	315.87M	270.57M	187.59M	178.26M	163.72M
Capital Lease Obligations	0	0	0	0	50.24M	32.52M	33.26M	31.84M	41.47M	33.99M
Deferred Tax Liabilities	4.69M	6.58M	6.13M	1.96M	2.33M	3.83M	7.72M	7.75M	7.98M	7.03M
Other Non-Current Liabilities	8.63M	8.53M	59.1M	54.15M	27.75M	14.54M	3.09M	3.25M	3.11M	2.6M
Total Liabilities	284.65M	376.64M	657.52M	640.89M	973.69M	955.63M	978.17M	1.02B	1.02B	1.09B
Total Debt+	55.5M	92.7M	197.76M	178.75M	499.73M	409.59M	365.09M	275.46M	250.15M	223.44M
Net Debt	-38.62M	-37.75M	76.62M	9.14M	305.86M	162.69M	170.56M	40.63M	93.45M	-8.3M
Debt / Equity	0.62x	0.87x	1.75x	1.54x	92.58x	7.52x	4.04x	2.36x	9.89x	3.41x
Debt / EBITDA	1.87x	1.70x	2.66x	3.60x	11.68x	3.53x	2.85x	1.74x	20.81x	6.18x
Net Debt / EBITDA	-1.30x	-0.69x	1.03x	0.18x	7.15x	1.40x	1.33x	0.26x	7.77x	-0.23x
Interest Coverage	-4.33x	6.86x	1.82x	-0.49x	-1.80x	1.71x	5.71x	6.42x	-1.70x	1.06x
Total Equity+	90.2M	106.71M	112.73M	115.99M	5.4M	54.47M	90.34M	116.75M	25.28M	65.58M
Equity Growth %	-0.13%	0.18%	0.06%	0.03%	-0.95%	9.09%	0.66%	0.29%	-0.78%	1.59%
Book Value per Share	0.88	0.99	0.99	0.98	0.05	0.43	0.68	0.87	0.20	0.50
Total Shareholders' Equity	90.2M	106.71M	112.73M	115.99M	5.4M	54.47M	90.34M	116.75M	25.28M	65.58M
Common Stock	105K	111K	116K	122K	127K	133K	140K	144K	149K	153K
Retained Earnings	-791.74M	-800.26M	-828.08M	-853.43M	-980.28M	-978.34M	-934.07M	-856M	-941.96M	-949.43M
Treasury Stock	0	0	0	-15M	-43.11M	-43.11M	-88.09M	-187.95M	-237.8M	-275.79M
Accumulated OCI	-2.87M	-2.3M	-1.7M	-2.47M	-6.38M	-2.81M	-3.06M	-13.19M	-15.48M	-8.14M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	30.37M	59.28M	19.04M	104.94M	35.88M	144.53M	128.18M	249.21M	55.49M	152.03M
Operating CF Margin %	0.06%	0.1%	0.02%	0.11%	0.04%	0.14%	0.12%	0.19%	0.05%	0.13%
Operating CF Growth %	-0.19%	0.95%	-0.68%	4.51%	-0.66%	3.03%	-0.11%	0.94%	-0.78%	1.74%
Net Income	-31.88M	-8.52M	-46.79M	-25.85M	-126.84M	1.94M	44.27M	78.07M	-85.96M	-7.47M
Depreciation & Amortization	43.17M	26.34M	49.06M	52.87M	63.82M	55.32M	40.16M	34.88M	29.45M	19.22M
Stock-Based Compensation	14.79M	12.63M	27.63M	32.9M	37.84M	39.05M	43.36M	63.47M	76.76M	82.31M
Deferred Taxes	1.14M	335K	-4.68M	-5.79M	1.76M	1.78M	682K	407K	80K	-820K
Other Non-Cash Items	6.62M	4.7M	-204K	5.01M	29.18M	25.59M	19.82M	13.1M	81.3M	17.41M
Working Capital Changes	-2.34M	24.13M	-5.97M	45.8M	30.13M	20.86M	-20.12M	59.28M	-46.14M	41.38M
Change in Receivables	10.18M	-25.05M	-69.52M	36.33M	62.15M	-34.16M	-26.23M	1.59M	92.32M	-37.35M
Change in Inventory	17.02M	8.59M	17.34M	278K	19.95M	22.73M	-16.72M	-49.13M	0	27.18M
Change in Payables	-9.56M	2.06M	18.84M	-9.85M	-26.08M	10.81M	23.81M	14.73M	-48.01M	12.71M
Cash from Investing+	-5.33M	-71.75M	-132.47M	-21.81M	-189.48M	-17.18M	-84.95M	-13.8M	-18.12M	-24.71M
Capital Expenditures	-5.33M	-10.43M	-40.41M	-22.73M	-15.27M	-17.18M	-15.43M	-13.8M	-18.12M	-24.71M
CapEx % of Revenue	0.01%	0.02%	0.04%	0.02%	0.02%	0.02%	0.01%	0.01%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-10.43M	-40.41M	921K	0	0	0	0	0	0
Cash from Financing+	-6.74M	48.71M	104.75M	-34.44M	178.49M	-74.78M	-94.66M	-194.78M	-114.98M	-52.59M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	4.64M	10.5M	-4.88M	-11.05M	-8.25M	-5.3M	-11.56M	-11.3M	-30.12M	6.46M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	25.04M	48.86M	-21.37M	82.22M	20.62M	127.36M	112.74M	235.41M	37.37M	127.32M
FCF Margin %	0.05%	0.08%	-0.02%	0.08%	0.02%	0.13%	0.1%	0.18%	0.03%	0.11%
FCF Growth %	-0.16%	0.95%	-1.44%	4.85%	-0.75%	5.18%	-0.11%	1.09%	-0.84%	2.41%
FCF per Share	0.24	0.45	-0.19	0.70	0.17	1.00	0.84	1.76	0.29	0.96
FCF Conversion (FCF/Net Income)	-0.95x	-6.96x	-0.41x	-4.06x	-0.28x	74.66x	2.90x	3.19x	-0.65x	-20.36x
Interest Paid	2.61M	3.01M	8.29M	8.49M	20.41M	18.74M	9.27M	13.09M	14.69M	14.75M
Taxes Paid	2.35M	2.51M	4.13M	5.97M	5.31M	4.49M	7.78M	12M	15.61M	4.07M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-32.8%	-8.65%	-42.65%	-22.61%	-209%	6.47%	61.14%	75.4%	-121.05%	-16.44%
Return on Invested Capital (ROIC)	-13.74%	34.9%	14.71%	-2.95%	-14.66%	11.08%	22.92%	40.01%	-15.69%	14.44%
Gross Margin	48.03%	53.88%	53.48%	54.42%	53.41%	56.81%	56.34%	57.35%	56.28%	62.2%
Net Margin	-6.03%	-1.42%	-4.76%	-2.6%	-13.38%	0.19%	3.98%	5.95%	-7.69%	-0.66%
Debt / Equity	0.62x	0.87x	1.75x	1.54x	92.58x	7.52x	4.04x	2.36x	9.89x	3.41x
Interest Coverage	-4.33x	6.86x	1.82x	-0.49x	-1.80x	1.71x	5.71x	6.42x	-1.70x	1.06x
FCF Conversion	-0.95x	-6.96x	-0.41x	-4.06x	-0.28x	74.66x	2.90x	3.19x	-0.65x	-20.36x
Revenue Growth	-4.44%	13.2%	64.37%	1.29%	-4.8%	6.48%	10.19%	17.99%	-14.88%	2.05%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Product	-	-	764.46M	747.57M	653.65M	699.4M	761.72M	932.45M	699.26M	704.46M
Product Growth	-	-	-	-2.21%	-12.56%	7.00%	8.91%	22.41%	-25.01%	0.74%
Subscription And Support	-	-	-	-	-	-	-	-	417.95M	435.61M
Subscription And Support Growth	-	-	-	-	-	-	-	-	-	4.23%
Service And Subscription	-	-	-	-	-	310.02M	350.6M	380M	-	-
Service And Subscription Growth	-	-	-	-	-	-	13.09%	8.39%	-	-
Service	-	-	218.69M	248.22M	294.37M	-	-	-	-	-
Service Growth	-	-	-	13.50%	18.59%	-	-	-	-	-
Product And Other Revenue	11.44M	7.03M	-	-	-	-	-	-	-	-
Product And Other Revenue Growth	-	-38.55%	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Americas	282.39M	328.15M	-	-	-	-	-	572.93M	627.72M	596.71M
Americas Growth	-	16.20%	-	-	-	-	-	-	9.56%	-4.94%
UNITED STATES	237.93M	303.62M	-	-	-	-	-	-	-	547.66M
UNITED STATES Growth	-	27.61%	-	-	-	-	-	-	-	-
EMEA	-	-	-	-	-	-	-	559.67M	421.97M	451.65M
EMEA Growth	-	-	-	-	-	-	-	-	-24.60%	7.03%
Asia Pacific	49.41M	53.96M	-	-	-	-	-	95.75M	67.52M	91.71M
Asia Pacific Growth	-	9.19%	-	-	-	-	-	-	-29.49%	35.83%
Other Americas	44.45M	24.53M	-	-	-	-	-	84.11M	46.58M	49.05M
Other Americas Growth	-	-44.82%	-	-	-	-	-	-	-44.62%	5.30%
E M E A	196.59M	216.01M	-	-	-	-	-	-	-	-
E M E A Growth	-	9.88%	-	-	-	-	-	-	-	-
Other E M E A	130.79M	135.01M	-	-	-	-	-	-	-	-
Other E M E A Growth	-	3.23%	-	-	-	-	-	-	-	-
GERMANY	-	81M	-	-	-	-	-	-	-	-
GERMANY Growth	-	-	-	-	-	-	-	-	-	-
DELAWARE	65.8M	-	-	-	-	-	-	-	-	-
DELAWARE Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Extreme Networks, Inc. (EXTR) reported $1.18B in revenue for fiscal year 2025. This represents a 266% increase from $322.7M in 2012.

Extreme Networks, Inc. (EXTR) grew revenue by 2.0% over the past year. Growth has been modest.

Yes, Extreme Networks, Inc. (EXTR) is profitable, generating $9.5M in net income for fiscal year 2025 (-0.7% net margin).

Dividend & Returns

Extreme Networks, Inc. (EXTR) has a return on equity (ROE) of -16.4%. Negative ROE indicates the company is unprofitable.

Extreme Networks, Inc. (EXTR) generated $94.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Extreme Networks, Inc. (EXTR) 10-Year Financial Performance & Capital Metrics

EXTR • • Industrial / General

TechnologyCommunication EquipmentEnterprise Networking & Unified CommunicationsEnterprise Network Equipment

Revenue $1.14B +2.0%
EBITDA $36M +200.9%
Net Income -$7M +91.3%
EPS (Diluted) -0.06 +91.5%
Gross Margin 62.2% +10.5%
EBITDA Margin 3.17% +194.8%
Operating Margin 1.49% +157.5%
Net Margin -0.66% +91.5%
ROE -16.44% +86.4%
ROIC 14.44% +192.1%
Debt/Equity 3.41 -65.6%
Interest Coverage 1.06 +162.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗High debt to equity ratio of 3.4x
✗Thin 5Y average net margin of 0.4%
✗Expensive at 32.5x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.5%

5Y3.76%

3Y0.82%

TTM14.31%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM107.61%

EPS CAGR

10Y-

5Y-

3Y-

TTM108.93%

ROCE

10Y Avg4.19%

5Y Avg7.47%

3Y Avg5.83%

Latest3.11%

Peer Comparison

Enterprise Network Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NTGRNETGEAR, Inc.	644.17M	22.68	54	-9.05%	-3.73%	-5.15%	24.19%	0.06
CSCOCisco Systems, Inc.	297.32B	75.25	29.51	5.3%	17.9%	22.04%	4.47%	0.63
SILCSilicom Ltd.	88.97M	15.68	-6.88	-53.18%	-25.41%	-12.24%	19.51%	0.05
EXTRExtreme Networks, Inc.	2.15B	16.09	-285.28	2.05%	0.81%	13.88%	5.92%	3.41
HPEHewlett Packard Enterprise Company	29.29B	21.95	-492.15	13.84%	0.17%	0.23%	2.14%	0.90

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	528.39M	598.12M	983.14M	995.79M	948.02M	1.01B	1.11B	1.31B	1.12B	1.14B
Revenue Growth %	-0.04%	0.13%	0.64%	0.01%	-0.05%	0.06%	0.1%	0.18%	-0.15%	0.02%
Cost of Goods Sold+	274.6M	284.83M	457.34M	453.9M	441.64M	436M	485.62M	559.78M	488.41M	430.94M
COGS % of Revenue	0.52%	0.48%	0.47%	0.46%	0.47%	0.43%	0.44%	0.43%	0.44%	0.38%
Gross Profit+	253.79M	322.25M	525.8M	541.89M	506.38M	573.41M	626.7M	752.67M	628.79M	709.13M
Gross Margin %	0.48%	0.54%	0.53%	0.54%	0.53%	0.57%	0.56%	0.57%	0.56%	0.62%
Gross Profit Growth %	-0.03%	0.27%	0.63%	0.03%	-0.07%	0.13%	0.09%	0.2%	-0.16%	0.13%
Operating Expenses+	267.2M	294.21M	500.47M	548.08M	549.03M	534.39M	553.65M	641.11M	657.67M	692.18M
OpEx % of Revenue	0.51%	0.49%	0.51%	0.55%	0.58%	0.53%	0.5%	0.49%	0.59%	0.61%
Selling, General & Admin	188.48M	200.49M	316.6M	337.95M	339.42M	337.4M	363.06M	426.84M	445.74M	467.18M
SG&A % of Revenue	0.36%	0.34%	0.32%	0.34%	0.36%	0.33%	0.33%	0.33%	0.4%	0.41%
Research & Development	78.72M	93.72M	183.88M	210.13M	209.61M	197M	190.59M	214.27M	211.93M	221.46M
R&D % of Revenue	0.15%	0.16%	0.19%	0.21%	0.22%	0.2%	0.17%	0.16%	0.19%	0.19%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	3.54M
Operating Income+	-13.41M	28.04M	25.33M	-6.19M	-42.65M	39.02M	73.06M	111.56M	-28.88M	16.95M
Operating Margin %	-0.03%	0.05%	0.03%	-0.01%	-0.04%	0.04%	0.07%	0.09%	-0.03%	0.01%
Operating Income Growth %	0.69%	3.09%	-0.1%	-1.24%	-5.89%	1.91%	0.87%	0.53%	-1.26%	1.59%
EBITDA+	29.76M	54.38M	74.39M	49.68M	42.8M	116.07M	128.15M	158.69M	12.02M	36.17M
EBITDA Margin %	0.06%	0.09%	0.08%	0.05%	0.05%	0.11%	0.12%	0.12%	0.01%	0.03%
EBITDA Growth %	4.12%	0.83%	0.37%	-0.33%	-0.14%	1.71%	0.1%	0.24%	-0.92%	2.01%
D&A (Non-Cash Add-back)	43.17M	26.34M	49.06M	55.87M	85.44M	77.05M	55.09M	47.12M	40.9M	19.22M
EBIT	-24.45M	6.68M	-35.86M	-13.28M	-96.74M	33.04M	64.98M	111.49M	-60.51M	20.2M
Net Interest Income+	-2.98M	-3.4M	-11.08M	-10.37M	-22.33M	-22.5M	-12.38M	-14.23M	-12.43M	-11.62M
Interest Income	113K	689K	2.85M	2.23M	1.42M	352K	412K	3.15M	4.56M	4.31M
Interest Expense	3.1M	4.09M	13.92M	12.6M	23.75M	22.86M	12.79M	17.39M	16.99M	15.93M
Other Income/Expense	-14.13M	-25.45M	-71.98M	-19.68M	-77.85M	-28.84M	-20.86M	-17.46M	-48.62M	-12.68M
Pretax Income+	-27.55M	2.6M	-46.65M	-25.87M	-120.49M	10.19M	52.19M	94.11M	-77.5M	4.27M
Pretax Margin %	-0.05%	0%	-0.05%	-0.03%	-0.13%	0.01%	0.05%	0.07%	-0.07%	0%
Income Tax+	4.34M	4.34M	145K	-21K	6.35M	8.25M	7.92M	16.03M	8.46M	11.74M
Effective Tax Rate %	1.16%	-3.28%	1%	1%	1.05%	0.19%	0.85%	0.83%	1.11%	-1.75%
Net Income+	-31.88M	-8.52M	-46.79M	-25.85M	-126.84M	1.94M	44.27M	78.07M	-85.96M	-7.47M
Net Margin %	-0.06%	-0.01%	-0.05%	-0.03%	-0.13%	0%	0.04%	0.06%	-0.08%	-0.01%
Net Income Growth %	0.55%	0.73%	-4.49%	0.45%	-3.91%	1.02%	21.87%	0.76%	-2.1%	0.91%
Net Income (Continuing)	-31.88M	-1.74M	-46.79M	-25.85M	-126.84M	1.94M	44.27M	78.07M	-85.96M	-7.47M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.31	-0.08	-0.41	-0.22	-1.06	0.02	0.33	0.58	-0.66	-0.06
EPS Growth %	0.57%	0.75%	-4.21%	0.46%	-3.82%	1.01%	20.71%	0.76%	-2.14%	0.91%
EPS (Basic)	-0.31	-0.08	-0.41	-0.22	-1.06	0.02	0.34	0.60	-0.66	-0.06
Diluted Shares Outstanding	103.07M	108.27M	114.22M	117.95M	119.81M	127.67M	133.49M	133.65M	129.29M	132.33M
Basic Shares Outstanding	103.07M	108.27M	114.22M	117.95M	119.81M	124.02M	129.44M	129.47M	129.29M	132.33M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	228.97M	324.97M	427.91M	441.99M	414.21M	487.6M	489.09M	576.16M	466.93M	535.3M
Cash & Short-Term Investments	94.12M	130.45M	121.14M	169.61M	193.87M	246.89M	194.52M	234.83M	156.7M	231.75M
Cash Only	94.12M	130.45M	121.14M	169.61M	193.87M	246.89M	194.52M	234.83M	156.7M	231.75M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	81.42M	93.11M	212.42M	174.41M	122.73M	156.48M	184.1M	182.04M	89.52M	126.71M
Days Sales Outstanding	56.24	56.82	78.86	63.93	47.25	56.58	60.41	50.63	29.25	40.57
Inventory	40.99M	45.88M	63.87M	63.59M	62.59M	32.88M	49.23M	89.02M	141.03M	102.58M
Days Inventory Outstanding	54.48	58.79	50.97	51.13	51.73	27.53	37	58.05	105.4	86.88
Other Current Assets	12.44M	27.87M	0	34.38M	35.02M	51.34M	61.24M	70.26M	79.68M	74.27M
Total Non-Current Assets+	145.88M	158.38M	342.33M	314.88M	564.88M	522.5M	579.42M	565.55M	575.67M	617.92M
Property, Plant & Equipment	29.58M	30.24M	78.52M	73.55M	110.09M	91.93M	86.03M	81.19M	87.89M	83.02M
Fixed Asset Turnover	17.86x	19.78x	12.52x	13.54x	8.61x	10.98x	12.93x	16.17x	12.71x	13.73x
Goodwill	70.88M	80.22M	139.08M	138.58M	331.16M	331.16M	400.14M	394.75M	393.71M	399.57M
Intangible Assets	19.76M	25.34M	77.09M	51.11M	68.39M	36.04M	32.52M	16.06M	10.61M	6.54M
Long-Term Investments	-4.69M	-6.58M	-6.13M	-1.96M	-2.33M	-3.83M	0	-7.75M	0	0
Other Non-Current Assets	25.66M	22.59M	47.64M	51.64M	55.24M	63.37M	53.01M	73.54M	83.46M	128.79M
Total Assets+	374.85M	483.35M	770.25M	756.87M	979.09M	1.01B	1.07B	1.14B	1.04B	1.15B
Asset Turnover	1.41x	1.24x	1.28x	1.32x	0.97x	1.00x	1.04x	1.15x	1.07x	0.99x
Asset Growth %	-0.13%	0.29%	0.59%	-0.02%	0.29%	0.03%	0.06%	0.07%	-0.09%	0.11%
Total Current Liabilities+	211.77M	255.82M	359.87M	356.03M	397.82M	455.7M	500.18M	575.5M	517.59M	587.88M
Accounts Payable	30.71M	31.59M	75.69M	65.7M	48.44M	60.14M	84.34M	99.72M	51.42M	63.94M
Days Payables Outstanding	40.82	40.48	60.41	52.84	40.03	50.35	63.39	65.02	38.43	54.16
Short-Term Debt	17.63M	12.28M	9.01M	9.01M	35.71M	42.46M	47.3M	45.17M	19.87M	14.27M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	36.29M	47.63M	50.35M	85.46M	53.36M	52.87M	62.61M	65.92M	87.57M	110.24M
Current Ratio	1.08x	1.27x	1.19x	1.24x	1.04x	1.07x	0.98x	1.00x	0.90x	0.91x
Quick Ratio	0.89x	1.09x	1.01x	1.06x	0.88x	1.00x	0.88x	0.85x	0.63x	0.74x
Cash Conversion Cycle	69.9	75.14	69.43	62.23	58.95	33.76	34.02	43.65	96.21	73.29
Total Non-Current Liabilities+	72.88M	120.82M	297.64M	284.86M	575.87M	499.93M	477.99M	449.45M	499.72M	499.76M
Long-Term Debt	37.45M	80.42M	188.75M	169.74M	394.58M	315.87M	270.57M	187.59M	178.26M	163.72M
Capital Lease Obligations	0	0	0	0	50.24M	32.52M	33.26M	31.84M	41.47M	33.99M
Deferred Tax Liabilities	4.69M	6.58M	6.13M	1.96M	2.33M	3.83M	7.72M	7.75M	7.98M	7.03M
Other Non-Current Liabilities	8.63M	8.53M	59.1M	54.15M	27.75M	14.54M	3.09M	3.25M	3.11M	2.6M
Total Liabilities	284.65M	376.64M	657.52M	640.89M	973.69M	955.63M	978.17M	1.02B	1.02B	1.09B
Total Debt+	55.5M	92.7M	197.76M	178.75M	499.73M	409.59M	365.09M	275.46M	250.15M	223.44M
Net Debt	-38.62M	-37.75M	76.62M	9.14M	305.86M	162.69M	170.56M	40.63M	93.45M	-8.3M
Debt / Equity	0.62x	0.87x	1.75x	1.54x	92.58x	7.52x	4.04x	2.36x	9.89x	3.41x
Debt / EBITDA	1.87x	1.70x	2.66x	3.60x	11.68x	3.53x	2.85x	1.74x	20.81x	6.18x
Net Debt / EBITDA	-1.30x	-0.69x	1.03x	0.18x	7.15x	1.40x	1.33x	0.26x	7.77x	-0.23x
Interest Coverage	-4.33x	6.86x	1.82x	-0.49x	-1.80x	1.71x	5.71x	6.42x	-1.70x	1.06x
Total Equity+	90.2M	106.71M	112.73M	115.99M	5.4M	54.47M	90.34M	116.75M	25.28M	65.58M
Equity Growth %	-0.13%	0.18%	0.06%	0.03%	-0.95%	9.09%	0.66%	0.29%	-0.78%	1.59%
Book Value per Share	0.88	0.99	0.99	0.98	0.05	0.43	0.68	0.87	0.20	0.50
Total Shareholders' Equity	90.2M	106.71M	112.73M	115.99M	5.4M	54.47M	90.34M	116.75M	25.28M	65.58M
Common Stock	105K	111K	116K	122K	127K	133K	140K	144K	149K	153K
Retained Earnings	-791.74M	-800.26M	-828.08M	-853.43M	-980.28M	-978.34M	-934.07M	-856M	-941.96M	-949.43M
Treasury Stock	0	0	0	-15M	-43.11M	-43.11M	-88.09M	-187.95M	-237.8M	-275.79M
Accumulated OCI	-2.87M	-2.3M	-1.7M	-2.47M	-6.38M	-2.81M	-3.06M	-13.19M	-15.48M	-8.14M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	30.37M	59.28M	19.04M	104.94M	35.88M	144.53M	128.18M	249.21M	55.49M	152.03M
Operating CF Margin %	0.06%	0.1%	0.02%	0.11%	0.04%	0.14%	0.12%	0.19%	0.05%	0.13%
Operating CF Growth %	-0.19%	0.95%	-0.68%	4.51%	-0.66%	3.03%	-0.11%	0.94%	-0.78%	1.74%
Net Income	-31.88M	-8.52M	-46.79M	-25.85M	-126.84M	1.94M	44.27M	78.07M	-85.96M	-7.47M
Depreciation & Amortization	43.17M	26.34M	49.06M	52.87M	63.82M	55.32M	40.16M	34.88M	29.45M	19.22M
Stock-Based Compensation	14.79M	12.63M	27.63M	32.9M	37.84M	39.05M	43.36M	63.47M	76.76M	82.31M
Deferred Taxes	1.14M	335K	-4.68M	-5.79M	1.76M	1.78M	682K	407K	80K	-820K
Other Non-Cash Items	6.62M	4.7M	-204K	5.01M	29.18M	25.59M	19.82M	13.1M	81.3M	17.41M
Working Capital Changes	-2.34M	24.13M	-5.97M	45.8M	30.13M	20.86M	-20.12M	59.28M	-46.14M	41.38M
Change in Receivables	10.18M	-25.05M	-69.52M	36.33M	62.15M	-34.16M	-26.23M	1.59M	92.32M	-37.35M
Change in Inventory	17.02M	8.59M	17.34M	278K	19.95M	22.73M	-16.72M	-49.13M	0	27.18M
Change in Payables	-9.56M	2.06M	18.84M	-9.85M	-26.08M	10.81M	23.81M	14.73M	-48.01M	12.71M
Cash from Investing+	-5.33M	-71.75M	-132.47M	-21.81M	-189.48M	-17.18M	-84.95M	-13.8M	-18.12M	-24.71M
Capital Expenditures	-5.33M	-10.43M	-40.41M	-22.73M	-15.27M	-17.18M	-15.43M	-13.8M	-18.12M	-24.71M
CapEx % of Revenue	0.01%	0.02%	0.04%	0.02%	0.02%	0.02%	0.01%	0.01%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-10.43M	-40.41M	921K	0	0	0	0	0	0
Cash from Financing+	-6.74M	48.71M	104.75M	-34.44M	178.49M	-74.78M	-94.66M	-194.78M	-114.98M	-52.59M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	4.64M	10.5M	-4.88M	-11.05M	-8.25M	-5.3M	-11.56M	-11.3M	-30.12M	6.46M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	25.04M	48.86M	-21.37M	82.22M	20.62M	127.36M	112.74M	235.41M	37.37M	127.32M
FCF Margin %	0.05%	0.08%	-0.02%	0.08%	0.02%	0.13%	0.1%	0.18%	0.03%	0.11%
FCF Growth %	-0.16%	0.95%	-1.44%	4.85%	-0.75%	5.18%	-0.11%	1.09%	-0.84%	2.41%
FCF per Share	0.24	0.45	-0.19	0.70	0.17	1.00	0.84	1.76	0.29	0.96
FCF Conversion (FCF/Net Income)	-0.95x	-6.96x	-0.41x	-4.06x	-0.28x	74.66x	2.90x	3.19x	-0.65x	-20.36x
Interest Paid	2.61M	3.01M	8.29M	8.49M	20.41M	18.74M	9.27M	13.09M	14.69M	14.75M
Taxes Paid	2.35M	2.51M	4.13M	5.97M	5.31M	4.49M	7.78M	12M	15.61M	4.07M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-32.8%	-8.65%	-42.65%	-22.61%	-209%	6.47%	61.14%	75.4%	-121.05%	-16.44%
Return on Invested Capital (ROIC)	-13.74%	34.9%	14.71%	-2.95%	-14.66%	11.08%	22.92%	40.01%	-15.69%	14.44%
Gross Margin	48.03%	53.88%	53.48%	54.42%	53.41%	56.81%	56.34%	57.35%	56.28%	62.2%
Net Margin	-6.03%	-1.42%	-4.76%	-2.6%	-13.38%	0.19%	3.98%	5.95%	-7.69%	-0.66%
Debt / Equity	0.62x	0.87x	1.75x	1.54x	92.58x	7.52x	4.04x	2.36x	9.89x	3.41x
Interest Coverage	-4.33x	6.86x	1.82x	-0.49x	-1.80x	1.71x	5.71x	6.42x	-1.70x	1.06x
FCF Conversion	-0.95x	-6.96x	-0.41x	-4.06x	-0.28x	74.66x	2.90x	3.19x	-0.65x	-20.36x
Revenue Growth	-4.44%	13.2%	64.37%	1.29%	-4.8%	6.48%	10.19%	17.99%	-14.88%	2.05%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Product	-	-	764.46M	747.57M	653.65M	699.4M	761.72M	932.45M	699.26M	704.46M
Product Growth	-	-	-	-2.21%	-12.56%	7.00%	8.91%	22.41%	-25.01%	0.74%
Subscription And Support	-	-	-	-	-	-	-	-	417.95M	435.61M
Subscription And Support Growth	-	-	-	-	-	-	-	-	-	4.23%
Service And Subscription	-	-	-	-	-	310.02M	350.6M	380M	-	-
Service And Subscription Growth	-	-	-	-	-	-	13.09%	8.39%	-	-
Service	-	-	218.69M	248.22M	294.37M	-	-	-	-	-
Service Growth	-	-	-	13.50%	18.59%	-	-	-	-	-
Product And Other Revenue	11.44M	7.03M	-	-	-	-	-	-	-	-
Product And Other Revenue Growth	-	-38.55%	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Americas	282.39M	328.15M	-	-	-	-	-	572.93M	627.72M	596.71M
Americas Growth	-	16.20%	-	-	-	-	-	-	9.56%	-4.94%
UNITED STATES	237.93M	303.62M	-	-	-	-	-	-	-	547.66M
UNITED STATES Growth	-	27.61%	-	-	-	-	-	-	-	-
EMEA	-	-	-	-	-	-	-	559.67M	421.97M	451.65M
EMEA Growth	-	-	-	-	-	-	-	-	-24.60%	7.03%
Asia Pacific	49.41M	53.96M	-	-	-	-	-	95.75M	67.52M	91.71M
Asia Pacific Growth	-	9.19%	-	-	-	-	-	-	-29.49%	35.83%
Other Americas	44.45M	24.53M	-	-	-	-	-	84.11M	46.58M	49.05M
Other Americas Growth	-	-44.82%	-	-	-	-	-	-	-44.62%	5.30%
E M E A	196.59M	216.01M	-	-	-	-	-	-	-	-
E M E A Growth	-	9.88%	-	-	-	-	-	-	-	-
Other E M E A	130.79M	135.01M	-	-	-	-	-	-	-	-
Other E M E A Growth	-	3.23%	-	-	-	-	-	-	-	-
GERMANY	-	81M	-	-	-	-	-	-	-	-
GERMANY Growth	-	-	-	-	-	-	-	-	-	-
DELAWARE	65.8M	-	-	-	-	-	-	-	-	-
DELAWARE Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Extreme Networks, Inc. (EXTR) reported $1.18B in revenue for fiscal year 2025. This represents a 266% increase from $322.7M in 2012.

Extreme Networks, Inc. (EXTR) grew revenue by 2.0% over the past year. Growth has been modest.

Yes, Extreme Networks, Inc. (EXTR) is profitable, generating $9.5M in net income for fiscal year 2025 (-0.7% net margin).

Dividend & Returns

Extreme Networks, Inc. (EXTR) has a return on equity (ROE) of -16.4%. Negative ROE indicates the company is unprofitable.

Extreme Networks, Inc. (EXTR) generated $94.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.