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CMBM logoCambium Networks Corporation(CMBM)Earnings, Financials & Key Ratios

CMBM•NASDAQ
Price updated Apr 24, 2026
SectorTechnologyIndustryCommunication EquipmentSub-IndustryWireless Access and Backhaul Equipment
AboutCambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for commercial and government network operators. Its wireless fabric includes intelligent radios, smart antennas, radio frequency (RF) algorithms, wireless-aware switches, and cloud-based network management software. The company offers point-to-point backhaul, point-to-multipoint distribution, Wi-Fi access, cnMatrix ethernet enterprise switching, cnReach IIoT, cnVision video surveillance transport, and cnMaestro and network management tools and solutions. It also offers point-to-point solutions that are connected to high-speed, high-bandwidth wireline networks; and wireless broadband backhaul to facilities or point-to-multipoint access points deployed throughout a network over distances of approximately 100 kilometers and at 2 gigabytes per second. The company also offers cnPilot and Xirrus Wi-Fi solution provides distributed access to individual users in indoor settings, such as office complexes, and outdoor settings, such as athletic stadiums and outdoor public Wi-Fi spots; cnReach solutions offer narrow-band connectivity for sensors and devices; embedded proprietary RF technology and software enables automated optimization of data flow at the outermost points in the network; cnMatrix cloud-managed wireless-aware switching solution provides the interface between wireless and wired networks; and cnVision solutions for video surveillance and CCTV deployments. It serves medium-sized wireless Internet service providers, mobile network operators, enterprises, and government agencies in North America, Europe, the Middle East, Africa, Caribbean and Latin America, and the Asia Pacific. The company was formerly known as Vector Cambium Holdings (Cayman), Ltd. and changed its name to Cambium Networks Corporation in 2018. The was founded in 2011 and is headquartered in Rolling Meadows, Illinois.Show more
  • Revenue$220M-25.8%
  • EBITDA-$52M-288.6%
  • Net Income-$77M-483.3%
  • EPS (Diluted)-2.81-490.3%
  • Gross Margin31.26%-36.1%
  • EBITDA Margin-23.54%-354.3%
  • Operating Margin-27.64%-512.7%
  • Net Margin-35.16%-616.8%
  • ROE-68.42%-536.1%

CMBM Key Insights

Cambium Networks Corporation (CMBM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading at only 0.0x book value
  • ✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 1 (bottom 1%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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CMBM Price & Volume

Cambium Networks Corporation (CMBM) stock price & volume — 10-year historical chart

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CMBM Growth Metrics

Cambium Networks Corporation (CMBM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-1.85%
3 Years-7.53%
TTM-34.89%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-574.13%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-546.17%

Return on Capital

10 Years8.79%
5 Years5.14%
3 Years0.41%
Last Year-40.06%

CMBM Peer Comparison

Cambium Networks Corporation (CMBM) competitors in Wireless Access and Backhaul Equipment — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CALX logoCALXCalix, Inc.Direct Competitor2.45B37.95145.9620.26%3.2%4.25%0.03
SATS logoSATSEchoStar CorporationDirect Competitor31.46B109.17-2.17-5.18%-157.17%-243.07%5.33
NTGR logoNTGRNETGEAR, Inc.Direct Competitor630.27M23.05-20.222.91%-5.77%-7.97%0.10
CSCO logoCSCOCisco Systems, Inc.Product Competitor471.16B119.5446.885.3%19.69%25.14%0.60
ANET logoANETArista Networks, Inc.Product Competitor213.64B169.6761.7028.6%38.32%30.58%
EXTR logoEXTRExtreme Networks, Inc.Product Competitor4.21B31.38-556.382.05%1.3%21.07%3.41
COMM logoCOMMCommScope Holding Company, Inc.Product Competitor3.95B17.82-10.01-7.87%1.16%
VIAV logoVIAVViavi Solutions Inc.Product Competitor10.91B47.17314.478.39%-4.03%-6.92%0.89

Compare CMBM vs Peers

Cambium Networks Corporation (CMBM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CALX

Most directly comparable listed peer for CMBM.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare CMBM against a more recognizable public peer.

Peer Set

Compare Top 5

vs CALX, SATS, NTGR, CSCO

CMBM Income Statement

Cambium Networks Corporation (CMBM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Sales/Revenue
181.44M216.67M241.76M267.03M278.46M335.85M296.9M220.19M172.22M
Revenue Growth %
-19.41%11.58%10.45%4.28%20.61%-11.6%-25.84%-34.89%
Cost of Goods Sold
91.72M105.96M126.27M135.8M139.05M175.06M151.76M151.36M142.71M
COGS % of Revenue
50.55%48.9%52.23%50.86%49.94%52.12%51.11%68.74%-
Gross Profit
89.73M▲ 0%
110.71M▲ 23.4%
115.5M▲ 4.3%
131.23M▲ 13.6%
139.41M▲ 6.2%
160.8M▲ 15.3%
145.14M▼ 9.7%
68.83M▼ 52.6%
29.51M▲ 0%
Gross Margin %
49.45%51.1%47.77%49.14%50.06%47.88%48.89%31.26%17.14%
Gross Profit Growth %
-23.38%4.32%13.62%6.23%15.34%-9.74%-52.58%-
Operating Expenses
77.54M95.84M109.14M129.93M115.46M124.38M125.26M129.69M112.27M
OpEx % of Revenue
42.73%44.23%45.15%48.66%41.46%37.03%42.19%58.9%-
Selling, General & Admin
42.84M54.79M61.46M76.38M62.45M66.88M69.43M70M63.41M
SG&A % of Revenue
23.61%25.29%25.42%28.6%22.43%19.91%23.39%31.79%-
Research & Development
26.27M32.23M38.92M47.69M46.37M51.32M49.87M53.48M42.28M
R&D % of Revenue
14.48%14.87%16.1%17.86%16.65%15.28%16.8%24.29%-
Other Operating Expenses
8.43M8.82M8.77M5.86M6.64M6.17M5.96M6.21M4M
Operating Income
12.19M▲ 0%
14.87M▲ 22.0%
6.35M▼ 57.3%
755K▼ 88.1%
23.95M▲ 3071.9%
36.42M▲ 52.1%
19.88M▼ 45.4%
-60.85M▼ 406.1%
-82.75M▲ 0%
Operating Margin %
6.72%6.86%2.63%0.28%8.6%10.84%6.7%-27.64%-48.05%
Operating Income Growth %
-22.01%-57.3%-88.11%3071.92%52.08%-45.41%-406.11%-
EBITDA
20.62M23.8M15.37M7.12M31.22M43.4M27.48M-51.83M-73.51M
EBITDA Margin %
11.37%10.98%6.36%2.67%11.21%12.92%9.25%-23.54%-42.69%
EBITDA Growth %
-15.39%-35.42%-53.66%338.3%39.02%-36.69%-288.63%-6062.11%
D&A (Non-Cash Add-back)
8.43M8.92M9.02M6.37M7.27M6.98M7.6M9.03M9.24M
EBIT
12.19M14.4M6.35M755K23.46M35.88M19.88M-61.13M-82.81M
Net Interest Income
-7.57M-5.02M-8.11M-8.08M-5.33M-4.27M-1.98M-2.52M-4.31M
Interest Income
000000000
Interest Expense
7.57M5.02M8.11M8.08M5.33M4.27M1.98M2.52M4.31M
Other Income/Expense
-7.73M-5.49M-8.66M-8.62M-5.82M-4.51M-1.86M-2.79M-4.37M
Pretax Income
4.46M▲ 0%
9.38M▲ 110.3%
-2.31M▼ 124.6%
-7.32M▼ 216.7%
18.13M▲ 347.7%
31.91M▲ 76.0%
18.02M▼ 43.5%
-63.65M▼ 453.3%
-87.13M▲ 0%
Pretax Margin %
2.46%4.33%-0.96%-2.74%6.51%9.5%6.07%-28.9%-50.59%
Income Tax
1.55M-418K-799K10.28M-444K-5.51M-2.18M13.77M10.99M
Effective Tax Rate %
34.69%-4.46%34.56%-140.42%-2.45%-17.29%-12.12%-21.64%-12.62%
Net Income
2.27M▲ 0%
9.8M▲ 330.7%
-1.51M▼ 115.4%
-17.6M▼ 1063.3%
18.57M▲ 205.5%
37.42M▲ 101.5%
20.2M▼ 46.0%
-77.42M▼ 483.3%
-98.12M▲ 0%
Net Margin %
1.25%4.52%-0.63%-6.59%6.67%11.14%6.8%-35.16%-56.98%
Net Income Growth %
-330.73%-115.44%-1063.32%205.53%101.46%-46.02%-483.27%-574.13%
Net Income (Continuing)
2.91M9.8M-1.51M-17.6M18.57M37.42M20.2M-77.42M-98.12M
Discontinued Operations
000000000
Minority Interest
8.62M00000000
EPS (Diluted)
0.11▲ 0%
0.49▲ 345.5%
-0.08▼ 115.6%
-0.69▼ 803.1%
0.70▲ 201.4%
1.31▲ 87.1%
0.72▼ 45.0%
-2.81▼ 490.3%
-3.48▲ 0%
EPS Growth %
-345.45%-115.59%-803.14%201.45%87.14%-45.04%-490.28%-546.17%
EPS (Basic)
0.110.49-0.08-0.690.721.420.75-2.81-
Diluted Shares Outstanding
19.81M19.81M19.81M25.67M26.4M28.63M28.03M27.52M28.22M
Basic Shares Outstanding
19.81M19.81M19.81M25.67M25.71M26.42M26.92M27.52M27.9M
Dividend Payout Ratio
---------

CMBM Balance Sheet

Cambium Networks Corporation (CMBM) balance sheet — assets, liabilities & shareholders' equity

MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Total Current Assets
81.98M85.63M105.57M129.32M165.13M180.59M212.99M162.57M171.18M
Cash & Short-Term Investments
14.63M7.38M4.44M19.35M62.47M59.29M48.16M18.71M46.49M
Cash Only
14.63M7.38M4.44M19.35M62.47M59.29M48.16M18.71M46.49M
Short-Term Investments
000000000
Accounts Receivable
40.27M52.21M61.07M58.63M59.53M70.63M89.44M64.33M58.39M
Days Sales Outstanding
81.0287.9592.280.1478.0476.76109.95106.63128.49
Inventory
22.66M21.89M30.71M41.67M33.96M33.78M57.07M66.88M42.98M
Days Inventory Outstanding
90.1875.3988.7711289.1570.43137.26161.27137.75
Other Current Assets
1.36M1.32M5.89M4.35M5.02M4.72M6.46M6.07M7.39M
Total Non-Current Assets
36.78M35.99M36.48M43.16M40.62M51.68M56.47M55.3M51.43M
Property, Plant & Equipment
3.83M5.22M7.96M15.19M12.62M16.39M15.28M20.77M20.66M
Fixed Asset Turnover
47.31x41.50x30.35x17.58x22.07x20.49x19.43x10.60x8.16x
Goodwill
8.06M8.06M8.06M8.55M9.84M9.84M9.84M9.84M9.84M
Intangible Assets
20.88M16.66M12.44M18.5M16.33M16.64M17.61M19.66M19.94M
Long-Term Investments
-4M00000000
Other Non-Current Assets
4M000288K1.2M955K1.33M983K
Total Assets
118.76M▲ 0%
121.61M▲ 2.4%
142.06M▲ 16.8%
172.48M▲ 21.4%
205.75M▲ 19.3%
232.27M▲ 12.9%
269.46M▲ 16.0%
217.88M▼ 19.1%
222.61M▲ 0%
Asset Turnover
1.53x1.78x1.70x1.55x1.35x1.45x1.10x1.01x0.77x
Asset Growth %
-2.4%16.81%21.42%19.29%12.89%16.01%-19.14%-69.32%
Total Current Liabilities
39.43M54.64M66.3M67.87M107.61M82.14M87.22M96.33M156.06M
Accounts Payable
13.66M18.48M23.71M25.21M30.86M28.24M31.28M19.12M19.62M
Days Payables Outstanding
54.3863.6468.5467.778158.8875.2446.1145.72
Short-Term Debt
3.14M3.93M8.84M9.45M29.2M2.49M3.16M3.19M67.58M
Deferred Revenue (Current)
2.69M2.89M2.77M7.43M6.47M6.88M8.91M8.77M34.5M
Other Current Liabilities
-7.32M9.25M7.14M10.74M20.92M22.58M15.82M18.19M13.76M
Current Ratio
2.08x1.57x1.59x1.91x1.53x2.20x2.44x1.69x1.10x
Quick Ratio
1.50x1.17x1.13x1.29x1.22x1.79x1.79x0.99x0.82x
Cash Conversion Cycle
116.8299.7112.43124.3786.1888.31171.97221.79220.52
Total Non-Current Liabilities
120.38M84.8M96.33M64.68M34.76M37.99M36.87M40.61M22.92M
Long-Term Debt
95.92M83.44M94.18M54.16M24.96M26.96M24.46M21.93M0
Capital Lease Obligations
0005.33M3.33M4.11M2.17M6.59M29.38M
Deferred Tax Liabilities
000337K9K0000
Other Non-Current Liabilities
23.12M0605K02.01M1.54M1.62M1.62M1.82M
Total Liabilities
159.82M139.44M162.63M132.21M142.37M120.13M124.09M136.94M178.98M
Total Debt
99.06M87.38M103.02M68.95M57.49M33.57M29.79M31.71M76.91M
Net Debt
84.44M80M98.58M49.6M-4.98M-25.73M-18.37M13M30.42M
Debt / Equity
---1.73x0.91x0.30x0.20x0.39x1.76x
Debt / EBITDA
4.80x3.67x6.70x9.68x1.84x0.77x1.08x--1.05x
Net Debt / EBITDA
4.09x3.36x6.41x6.96x-0.16x-0.59x-0.67x--0.41x
Interest Coverage
1.61x2.96x0.78x0.09x4.50x8.53x10.06x-24.14x-19.20x
Total Equity
-41.05M▲ 0%
-17.83M▲ 56.6%
-20.57M▼ 15.4%
39.93M▲ 294.1%
63.39M▲ 58.7%
112.14M▲ 76.9%
145.37M▲ 29.6%
80.93M▼ 44.3%
43.63M▲ 0%
Equity Growth %
-56.58%-15.4%294.1%58.75%76.91%29.64%-44.33%-240.51%
Book Value per Share
-2.07-0.90-1.041.562.403.925.192.941.55
Total Shareholders' Equity
-49.67M-17.83M-20.57M39.93M63.39M112.14M145.37M80.93M43.63M
Common Stock
772K772K03K3K3K3K3K3K
Retained Earnings
-52.53M-43.4M-45.77M-63.37M-44.8M-7.38M12.82M-64.6M-109.86M
Treasury Stock
000-1.09M-1.09M-3.91M-4.92M-5.62M-5.66M
Accumulated OCI
2.08M151K-221K-379K-564K-699K-1.53M-1.61M-1.8M
Minority Interest
8.62M00000000

CMBM Cash Flow Statement

Cambium Networks Corporation (CMBM) cash flow — operating, investing & free cash flow history

MetricDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Cash from Operations
16.53M23M-10.39M3.55M56.9M29.96M-3.05M-16.95M-10.7M
Operating CF Margin %
9.11%10.62%-4.3%1.33%20.43%8.92%-1.03%-7.7%-
Operating CF Growth %
-39.13%-145.19%134.18%1501.49%-47.35%-110.19%-455.08%3449.52%
Net Income
2.91M9.8M-1.51M-17.6M18.57M37.42M20.2M-77.42M-98.12M
Depreciation & Amortization
8.43M8.87M9.02M6.37M7.27M6.98M7.6M9.03M10.21M
Stock-Based Compensation
00017.7M3.44M7.72M10.68M11.59M10.45M
Deferred Taxes
-118K-1.88M-1.86M7.4M-1.07M-6.07M-5.19M9.09M12.49M
Other Non-Cash Items
-210K410K1.53M1.45M2.98M934K3.92M16.49M2.96M
Working Capital Changes
5.51M5.8M-17.57M-11.76M25.71M-17.02M-40.26M14.27M37.46M
Change in Receivables
5.74M-2.26M-5.29M-4.67M3.02M-19.34M-11.17M32.05M16.71M
Change in Inventory
-1.31M586K-10.01M-7.63M5.7M174K-27.03M-26.41M16.54M
Change in Payables
-3.36M4.73M4.26M2.1M6.1M-2.71M2.77M-13.64M-5.47M
Cash from Investing
-2.03M-5.93M-7.5M-8.61M-5.4M-10.17M-9.24M-11.22M-13.2M
Capital Expenditures
-2.03M-5.93M-7.5M-3.95M-5.07M-10.17M-9.24M-4.59M-9.8M
CapEx % of Revenue
1.12%2.74%3.1%1.48%1.82%3.03%3.11%2.08%5.69%
Acquisitions
000-4.67M-334K0000
Investments
---------
Other Investing
-164K-2.58M-1.91M0000-6.64M-3.39M
Cash from Financing
-5.43M-24.35M15.07M20.02M-8.37M-22.95M1.25M-1.27M42.87M
Debt Issued (Net)
-5.43M53.48M15.46M-40.21M-10M-25.44M-1.97M-2.63M41.72M
Equity Issued (Net)
0001000K1000K1000K1000K1000K540K
Dividends Paid
000000000
Share Repurchases
0000000-700K-38K
Other Financing
0-77.83M-396K-5.75M4K729K-986K-822K615K
Net Change in Cash
9.01M▲ 0%
-7.25M▼ 180.5%
-2.94M▲ 59.5%
14.9M▲ 607.7%
43.13M▲ 189.3%
-3.18M▼ 107.4%
-11.13M▼ 249.9%
-29.45M▼ 164.6%
18.96M▲ 0%
Free Cash Flow
14.5M▲ 0%
17.07M▲ 17.7%
-17.89M▼ 204.8%
-393K▲ 97.8%
51.84M▲ 13289.6%
19.79M▼ 61.8%
-12.3M▼ 162.1%
-21.54M▼ 75.1%
-23.89M▲ 0%
FCF Margin %
7.99%7.88%-7.4%-0.15%18.61%5.89%-4.14%-9.78%-13.87%
FCF Growth %
-17.72%-204.83%97.8%13289.57%-61.81%-162.14%-75.14%-31.7%
FCF per Share
0.730.86-0.90-0.021.960.69-0.44-0.78-0.85
FCF Conversion (FCF/Net Income)
7.27x2.35x6.87x-0.20x3.06x0.80x-0.15x0.22x0.24x
Interest Paid
2.25M1.53M7.61M6.46M4M2.06M807K1.84M2.44M
Taxes Paid
1.31M1.49M1.07M1.7M2.23M779K1.35M4.92M3.31M

CMBM Key Ratios

Cambium Networks Corporation (CMBM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2017201820192020202120222023TTM
Return on Equity (ROE)
---181.85%35.96%42.64%15.69%-68.42%-224.89%
Return on Invested Capital (ROIC)
21.14%6.8%0.68%24.28%37.72%13.97%-41.32%-72.89%
Gross Margin
51.1%47.77%49.14%50.06%47.88%48.89%31.26%17.14%
Net Margin
4.52%-0.63%-6.59%6.67%11.14%6.8%-35.16%-56.98%
Debt / Equity
--1.73x0.91x0.30x0.20x0.39x1.76x
Interest Coverage
2.96x0.78x0.09x4.50x8.53x10.06x-24.14x-19.20x
FCF Conversion
2.35x6.87x-0.20x3.06x0.80x-0.15x0.22x0.24x
Revenue Growth
19.41%11.58%10.45%4.28%20.61%-11.6%-25.84%-34.89%
Related:CMBM Dividend History·CMBM Revenue History·CMBM Price History·CMBM P/E History·CMBM Financial Ratios·CMBM Institutional Holders

CMBM Frequently Asked Questions

Cambium Networks Corporation (CMBM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Cambium Networks Corporation (CMBM) reported $172.2M in revenue for fiscal year 2023. This represents a 5% decrease from $181.4M in 2016.

Cambium Networks Corporation (CMBM) saw revenue decline by 25.8% over the past year.

Cambium Networks Corporation (CMBM) reported a net loss of $98.1M for fiscal year 2023.

Dividend & Returns

Cambium Networks Corporation (CMBM) has a return on equity (ROE) of -68.4%. Negative ROE indicates the company is unprofitable.

Cambium Networks Corporation (CMBM) had negative free cash flow of $23.9M in fiscal year 2023, likely due to heavy capital investments.

What if you invested $1,000 in CMBM back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

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How much would $100/month in CMBM be worth today?

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