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Extreme Networks (EXTR) Financials

Extreme Networks logo
$22.77 -0.02 (-0.09%)
Closing price 05/13/2026 04:00 PM Eastern
Extended Trading
$23.22 +0.45 (+1.98%)
As of 08:48 AM Eastern
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Annual Income Statements for Extreme Networks

Annual Income Statements for Extreme Networks

This table shows Extreme Networks' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 -72 494 605 -47 -26 -127 1.94 44 78 -86 -7.47
Consolidated Net Income / (Loss)		 -72 -36 -1.74 -47 -26 -127 1.94 44 78 -86 -7.47
Net Income / (Loss) Continuing Operations		 -72 494 605 -47 -26 -127 1.94 44 78 -86 -7.47
Total Pre-Tax Income 		-67 -32 2.60 -47 -26 -120 10 52 94 -77 4.27
Total Operating Income		 -63 -30 6.04 -38 -15 -99 34 64 108 -65 17
Total Gross Profit		 280 265 938 535 551 518 585 630 755 631 709
Total Revenue		 553 1,040 1,214 983 996 948 1,009 1,112 1,312 1,117 1,140
Operating Revenue		 553 1,040 1,214 983 996 - 1,009 1,112 1,312 1,117 1,140
Total Cost of Revenue		 273 243 276 449 445 430 424 482 558 486 431
Operating Cost of Revenue		 273 774 276 449 445 - 424 482 558 486 431
Total Operating Expenses		 343 295 325 573 566 617 551 566 646 696 692
Selling, General & Admin Expense		 42 38 38 51 56 61 66 69 90 100 140
Marketing Expense		 169 150 163 267 285 284 277 294 337 346 328
Research & Development Expense		 93 79 94 184 210 210 197 191 214 212 221
Amortization Expense		 18 17 8.70 8.72 6.35 8.43 6.11 3.24 2.05 2.04 2.04
Restructuring Charge		 20 12 22 62 8.53 54 4.60 8.76 3.25 36 1.49
Total Other Income / (Expense), net		 -3.84 -2.00 -3.44 -8.44 -11 -22 -24 -12 -14 -12 -13
Interest Expense		 3.18 3.10 4.09 14 13 24 23 13 17 17 16
Interest & Investment Income		 0.54 0.11 0.69 2.85 2.23 1.42 0.35 0.41 3.16 4.56 4.31
Other Income / (Expense), net		 -1.21 0.99 -0.05 2.64 -0.78 0.74 -1.69 0.38 0.02 0.13 -1.06
Income Tax Expense		 4.81 4.34 4.34 0.15 -0.02 6.35 8.25 7.92 16 8.47 12
Basic Earnings per Share		 ($0.72) ($0.35) ($0.02) ($0.41) ($0.22) ($1.06) $0.02 $0.34 $0.60 ($0.66) ($0.06)
Weighted Average Basic Shares Outstanding		 99M 103.07M 108.27M 114.22M 117.95M 119.81M 124.02M 129.44M 129.47M 129.29M 132.33M
Diluted Earnings per Share		 ($0.72) ($0.35) ($0.02) ($0.41) ($0.22) ($1.06) $0.02 $0.33 $0.58 ($0.66) ($0.06)
Weighted Average Diluted Shares Outstanding		 99M 103.07M 108.27M 114.22M 117.95M 119.81M 127.67M 133.49M 133.65M 129.29M 132.33M
Weighted Average Basic & Diluted Shares Outstanding		 99M 103.07M 108.27M 114.22M 117.95M 119.81M 129.51M 131.16M 130.04M 130.34M 132.21M

Quarterly Income Statements for Extreme Networks

This table shows Extreme Networks' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 29 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11
Consolidated Net Income / (Loss)		 29 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11
Net Income / (Loss) Continuing Operations		 29 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11
Total Pre-Tax Income 		33 7.06 -65 -53 -9.01 9.99 7.17 -3.87 8.35 10 15
Total Operating Income		 36 10 -62 -49 -4.72 13 10 -1.38 11 13 17
Total Gross Profit		 213 183 120 115 170 175 175 189 188 195 196
Total Revenue		 353 296 211 257 269 279 285 307 310 318 317
Operating Revenue		 353 296 211 257 269 279 285 307 310 318 317
Total Cost of Revenue		 140 113 91 142 100 104 109 118 122 123 121
Operating Cost of Revenue		 140 113 91 142 100 104 109 118 122 123 121
Total Operating Expenses		 177 173 182 164 174 162 165 190 177 182 178
Selling, General & Admin Expense		 24 25 25 25 37 26 30 47 29 35 30
Marketing Expense		 92 85 88 81 81 80 80 86 89 89 89
Research & Development Expense		 58 53 55 47 54 55 56 56 58 58 59
Amortization Expense		 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.52 0.50 0.41 0.41
Restructuring Charge		 2.72 9.17 14 10 1.28 1.04 -0.44 -0.38 0.37 0.17 0.00
Total Other Income / (Expense), net		 -2.66 -3.26 -2.58 -3.80 -4.30 -2.68 -3.21 -2.49 -2.94 -2.59 -2.53
Interest Expense		 4.32 4.27 4.18 4.22 4.42 4.18 3.80 3.53 3.65 3.36 3.25
Interest & Investment Income		 1.23 1.43 1.24 0.66 0.85 0.84 0.97 1.66 1.20 1.13 0.98
Other Income / (Expense), net		 0.43 -0.42 0.36 -0.24 -0.72 0.66 -0.39 -0.62 -0.49 -0.36 -0.26
Income Tax Expense		 4.56 3.07 -0.62 1.46 1.49 2.60 3.71 3.94 2.74 2.53 4.22
Basic Earnings per Share		 $0.22 $0.03 ($0.50) ($0.41) ($0.08) $0.06 $0.03 ($0.07) $0.04 $0.06 $0.08
Weighted Average Basic Shares Outstanding		 128.78M 128.99M 129.30M 129.29M 131.18M 132.38M 132.98M 132.33M 132.97M 133.91M 132.93M
Diluted Earnings per Share		 $0.21 $0.03 ($0.50) ($0.40) ($0.08) $0.06 $0.03 ($0.07) $0.04 $0.06 $0.08
Weighted Average Diluted Shares Outstanding		 133.46M 131.51M 129.30M 129.29M 131.18M 134.11M 134.59M 132.33M 135.07M 135.17M 133.59M
Weighted Average Basic & Diluted Shares Outstanding		 129.61M - 129.95M 130.34M 132.13M 132.76M 133.17M 132.21M 133.72M 134.27M 130.78M

Annual Cash Flow Statements for Extreme Networks

This table details how cash moves in and out of Extreme Networks' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Change in Cash & Equivalents		 3.04 18 36 -9.31 48 24 53 -52 40 -78 75
Net Cash From Operating Activities		 37 30 59 19 105 36 145 128 249 55 152
Net Cash From Continuing Operating Activities		 37 30 59 19 105 36 145 128 249 55 152
Net Income / (Loss) Continuing Operations		 -72 -36 -1.74 -47 -26 -127 1.94 44 78 -86 -7.47
Consolidated Net Income / (Loss)		 -72 -36 -1.74 -47 -26 -127 1.94 44 78 -86 -7.47
Depreciation Expense		 13 11 11 23 27 29 23 20 20 24 15
Amortization Expense		 36 32 16 26 26 35 32 20 15 5.31 4.51
Non-Cash Adjustments To Reconcile Net Income		 33 20 15 27 38 67 65 64 77 158 100
Changes in Operating Assets and Liabilities, net		 27 3.88 19 -11 40 32 23 -20 60 -46 41
Net Cash From Investing Activities		 22 -5.33 -72 -132 -22 -189 -17 -85 -14 -18 -25
Net Cash From Continuing Investing Activities		 22 -5.33 -72 -132 -22 -189 -17 -85 -14 -18 -25
Purchase of Property, Plant & Equipment		 -7.21 -5.33 -10 -40 -23 -15 -17 -15 -14 -18 -25
Acquisitions		 -0.57 0.00 -61 -98 0.00 -219 0.00 -70 0.00 0.00 0.00
Net Cash From Financing Activities		 -52 -6.74 49 105 -34 178 -75 -95 -195 -115 -53
Net Cash From Continuing Financing Activities		 -52 -6.74 49 105 -34 178 -75 -95 -195 -115 -53
Repayment of Debt		 -79 -26 -11 -197 -20 -47 -74 -38 -112 -65 -11
Repurchase of Common Equity		 - - - 0.00 -15 -30 0.00 -45 -100 -50 -38
Issuance of Debt		 24 15 48 300 0.00 255 0.00 0.00 25 30 0.00
Issuance of Common Equity		 2.22 4.64 12 3.34 11 8.79 4.52 -6.54 -5.14 -30 -3.90
Other Financing Activities, net		 - 0.00 - -1.67 -11 -8.25 -5.30 -5.02 -3.00 0.00 0.00
Effect of Exchange Rate Changes		 -3.52 -0.40 0.09 -0.63 -0.23 -0.63 0.45 -0.94 -0.33 -0.51 0.31
Cash Interest Paid		 2.36 2.61 3.01 8.29 8.49 20 19 9.27 13 15 15
Cash Income Taxes Paid		 1.58 2.36 2.51 4.13 5.97 5.31 4.49 7.78 12 16 4.07

Quarterly Cash Flow Statements for Extreme Networks

This table details how cash moves in and out of Extreme Networks' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -10 -3.03 -70 5.69 2.85 11 15 46 -23 11 -9.68
Net Cash From Operating Activities		 76 34 -70 15 19 22 30 82 -14 50 14
Net Cash From Continuing Operating Activities		 76 34 -70 15 19 22 30 82 -14 50 14
Net Income / (Loss) Continuing Operations		 29 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11
Consolidated Net Income / (Loss)		 29 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11
Depreciation Expense		 4.87 4.62 4.34 10 3.94 3.86 3.46 3.44 3.80 3.99 3.81
Amortization Expense		 1.94 1.12 1.13 1.12 1.14 1.12 1.11 1.16 1.11 1.78 2.58
Non-Cash Adjustments To Reconcile Net Income		 37 24 30 91 23 23 27 27 25 28 29
Changes in Operating Assets and Liabilities, net		 3.62 0.09 -41 -33 1.38 -14 -4.65 58 -49 8.33 -31
Net Cash From Investing Activities		 -4.31 -5.64 -3.68 -4.49 -6.92 -5.41 -5.74 -6.65 -6.86 -7.07 -6.44
Net Cash From Continuing Investing Activities		 -4.31 -5.64 -3.68 -4.49 -6.92 -5.41 -5.74 -6.65 -6.86 -7.07 -6.44
Purchase of Property, Plant & Equipment		 -4.31 -5.64 -3.68 -4.49 -6.92 -5.41 -5.74 -6.65 -6.86 -7.07 -6.44
Net Cash From Financing Activities		 -81 -32 3.32 -5.06 -9.12 -4.87 -9.11 -29 -1.72 -32 -17
Net Cash From Continuing Financing Activities		 -81 -32 3.32 -5.06 -9.12 -4.87 -9.11 -29 -1.72 -32 -17
Repayment of Debt		 -28 -2.50 -2.50 -33 -3.20 -2.50 -2.50 -2.50 -3.75 -29 -3.75
Repurchase of Common Equity		 -25 -25 - - 0.00 - -13 -25 -12 - -50
Issuance of Debt		 - - - - 0.00 - - - 25 - 30
Issuance of Common Equity		 -29 -4.32 5.82 -2.56 -5.93 -2.37 6.39 -1.99 -11 -3.53 6.90
Effect of Exchange Rate Changes		 -0.25 0.16 -0.17 -0.25 0.30 -0.47 0.03 0.46 -0.17 -0.00 -0.58

Annual Balance Sheets for Extreme Networks

This table presents Extreme Networks' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Total Assets		 429 374 460 770 757 979 1,010 1,069 1,142 1,043 1,153
Total Current Assets		 238 229 299 428 442 414 488 489 576 467 535
Cash & Equivalents		 76 94 130 121 170 194 247 195 235 157 232
Accounts Receivable		 93 81 93 212 174 123 156 184 182 90 127
Inventories, net		 58 41 47 64 64 63 33 49 89 141 103
Prepaid Expenses		 10 12 28 30 34 35 51 61 70 80 74
Plant, Property, & Equipment, net		 40 30 30 79 74 59 92 50 46 44 44
Total Noncurrent Assets		 151 116 131 264 241 506 431 530 519 532 574
Goodwill		 71 71 80 139 139 331 331 400 395 394 400
Intangible Assets		 52 20 25 77 51 68 36 33 16 11 6.54
Other Noncurrent Operating Assets		 28 25 25 48 52 107 63 97 108 128 167
Total Liabilities & Shareholders' Equity		 429 374 460 770 757 979 1,010 1,069 1,142 1,043 1,153
Total Liabilities		 324 284 334 658 641 974 956 978 1,025 1,017 1,088
Total Current Liabilities		 235 212 213 360 356 398 456 500 576 518 588
Short-Term Debt		 11 18 12 9.01 9.01 17 24 33 34 9.33 14
Accounts Payable		 40 31 32 76 66 48 60 84 100 51 64
Accrued Expenses		 8.68 9.60 11 13 15 14 12 11 12 11 9.68
Current Deferred Revenue		 117 100 79 131 144 190 212 238 282 306 325
Current Employee Benefit Liabilities		 25 27 43 50 52 51 72 54 71 42 63
Other Current Liabilities		 33 27 37 81 71 78 76 80 75 98 112
Total Noncurrent Liabilities		 89 73 121 298 285 576 500 478 449 500 500
Long-Term Debt		 56 37 80 189 170 395 316 271 188 178 164
Capital Lease Obligations		 - - - - - - 33 - - 41 34
Noncurrent Deferred Revenue		 23 22 25 44 59 101 133 163 219 269 292
Noncurrent Deferred & Payable Income Tax Liabilities		 2.98 4.69 6.58 6.14 1.96 2.33 3.83 7.72 7.75 7.98 7.03
Other Noncurrent Operating Liabilities		 7.29 8.64 8.53 59 54 78 15 36 35 3.11 2.60
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 104 90 126 113 116 5.40 54 90 117 25 66
Total Preferred & Common Equity		 104 90 126 113 116 5.40 54 90 117 25 66
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 104 90 126 113 116 5.40 54 90 117 25 66
Common Stock		 865 885 909 943 987 1,035 1,079 1,116 1,174 1,221 1,299
Retained Earnings		 -760 -792 -781 -828 -853 -980 -978 -934 -856 -942 -949
Treasury Stock		 - - - - -15 -43 -43 -88 -188 -238 -276
Accumulated Other Comprehensive Income / (Loss)		 -1.29 -2.87 -2.30 -1.70 -2.47 -6.38 -2.81 -3.06 -13 -15 -8.14

Quarterly Balance Sheets for Extreme Networks

This table presents Extreme Networks' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2022 12/31/2022 3/31/2023 9/30/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 1,058 1,062 1,068 1,107 1,085 1,057 1,081 1,073 1,153 1,169 1,170
Total Current Assets		 482 498 502 532 506 477 495 477 526 536 542
Cash & Equivalents		 198 203 203 224 151 160 170 185 209 220 210
Accounts Receivable		 159 152 159 132 94 97 118 100 146 152 163
Inventories, net		 52 64 70 101 185 144 132 116 94 84 77
Prepaid Expenses		 73 79 70 76 75 76 75 76 77 80 92
Plant, Property, & Equipment, net		 82 78 45 46 47 34 37 40 48 50 54
Total Noncurrent Assets		 493 486 521 528 532 545 549 557 579 583 575
Goodwill		 400 393 395 393 394 396 392 394 400 400 398
Intangible Assets		 29 23 20 14 12 9.76 8.22 7.31 5.43 4.68 3.84
Other Noncurrent Operating Assets		 65 70 107 121 126 139 149 155 174 178 173
Total Liabilities & Shareholders' Equity		 1,058 1,062 1,068 1,107 1,085 1,057 1,081 1,073 1,153 1,169 1,170
Total Liabilities		 947 978 965 998 1,021 1,024 1,030 1,001 1,084 1,073 1,091
Total Current Liabilities		 503 529 527 529 528 526 534 512 577 565 593
Short-Term Debt		 36 36 36 9.33 9.33 10 12 13 41 17 48
Accounts Payable		 85 86 96 80 81 66 52 47 78 65 81
Accrued Expenses		 12 12 12 12 11 10 10 9.47 9.63 9.63 10
Current Deferred Revenue		 253 261 269 293 300 305 312 312 325 328 335
Current Employee Benefit Liabilities		 48 63 48 52 44 46 60 45 52 67 49
Other Current Liabilities		 70 71 66 82 83 90 88 86 72 79 71
Total Noncurrent Liabilities		 444 449 438 469 492 497 496 489 507 508 498
Long-Term Debt		 232 223 198 185 181 174 171 167 159 154 149
Capital Lease Obligations		 31 30 - 41 42 40 38 36 31 29 26
Noncurrent Deferred Revenue		 171 185 196 233 259 272 277 277 307 315 313
Noncurrent Deferred & Payable Income Tax Liabilities		 7.31 7.56 7.79 7.67 7.48 8.07 6.77 6.88 7.01 7.20 7.34
Other Noncurrent Operating Liabilities		 3.09 3.29 37 3.16 3.15 2.66 2.46 2.51 2.57 2.60 2.58
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 111 85 103 108 65 33 51 72 69 96 79
Total Preferred & Common Equity		 111 85 103 108 65 33 51 72 69 96 79
Preferred Stock		 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 111 85 103 108 65 33 51 72 69 96 79
Common Stock		 1,125 1,140 1,160 1,165 1,205 1,234 1,253 1,280 1,310 1,329 1,351
Retained Earnings		 -921 -904 -881 -827 -888 -952 -945 -942 -944 -936 -925
Treasury Stock		 -88 -138 -163 -213 -238 -238 -238 -251 -288 -288 -331
Accumulated Other Comprehensive Income / (Loss)		 -5.17 -14 -13 -16 -15 -11 -19 -16 -9.58 -9.48 -16

Annual Metrics And Ratios for Extreme Networks

This table displays calculated financial ratios and metrics derived from Extreme Networks' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.43% 88.03% 16.78% -19.03% 1.29% -4.80% 6.48% 10.19% 17.99% -14.88% 2.05%
EBITDA Growth		 -24.45% 191.65% 128.70% -58.27% 177.08% -191.91% 356.27% 19.01% 36.74% -124.87% 198.55%
EBIT Growth		 -23.97% 54.76% 120.64% -693.54% 56.40% -532.94% 133.30% 97.53% 67.78% -160.06% 124.42%
NOPAT Growth		 -25.41% 52.33% 80.70% -559.17% 61.46% -571.59% 109.44% 733.21% 65.05% -150.79% 35.11%
Net Income Growth		 -25.01% 49.24% 95.20% -2,583.03% 44.75% -390.64% 101.53% 2,186.73% 76.35% -210.11% 91.31%
EPS Growth		 -20.00% 51.39% 94.29% -1,950.00% 46.34% -381.82% 101.89% 1,550.00% 75.76% -213.79% 90.91%
Operating Cash Flow Growth		 239.41% -18.86% 95.23% -67.88% 451.09% -65.81% 302.78% -11.32% 94.43% -77.74% 174.00%
Free Cash Flow Firm Growth		 114.91% -32.01% -279.78% -213.83% 142.06% -409.26% 129.68% -30.53% 440.32% -98.91% 156.28%
Invested Capital Growth		 -44.96% -46.09% 71.91% 115.34% -33.92% 77.92% -19.29% 11.17% -48.01% -45.90% -53.07%
Revenue Q/Q Growth		 -0.97% 93.02% 12.52% -55.22% 23.02% 92.57% 6.61% 0.01% 6.99% 0.00% 4.62%
EBITDA Q/Q Growth		 -3.42% 96.69% 80.50% -33.77% -25.13% 4.66% 47.46% -9.32% 22.72% 0.00% 767.80%
EBIT Q/Q Growth		 0.05% 23.33% 143.26% -101.52% -170.99% -0.87% 1,779.76% -9.67% 33.58% 0.00% 150.75%
NOPAT Q/Q Growth		 -0.02% 22.05% 60.24% -99.24% -149.93% -0.92% 152.15% -10.62% 31.24% 0.00% -38.17%
Net Income Q/Q Growth		 0.79% 19.56% 91.99% -67.38% -79.16% -3.39% 106.54% -9.99% 34.48% 0.00% 86.14%
EPS Q/Q Growth		 2.70% 18.60% 90.48% -70.83% -69.23% 0.00% 0.00% -13.16% 38.10% 0.00% 84.62%
Operating Cash Flow Q/Q Growth		 0.23% 33.35% 6.98% 40.10% 4.66% -31.65% 50.06% 5.85% 7.12% -54.03% 77.65%
Free Cash Flow Firm Q/Q Growth		 14.88% 8.07% -173.44% 6.05% 57.89% -7.55% -22.01% 212.91% -7.72% 0.00% -0.53%
Invested Capital Q/Q Growth		 -12.70% -15.74% 34.39% 0.49% -16.67% -5.90% 2.25% -25.21% -22.65% 0.00% -55.24%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 50.59% 25.53% 77.26% 54.37% 55.36% 54.62% 57.97% 56.63% 57.50% 56.47% 62.20%
EBITDA Margin		 -2.79% 1.36% 2.66% 1.37% 3.75% -3.62% 8.72% 9.42% 10.91% -3.19% 3.08%
Operating Margin		 -11.39% -2.89% 0.50% -3.89% -1.48% -10.43% 3.41% 5.77% 8.25% -5.84% 1.49%
EBIT Margin		 -11.61% -2.79% 0.49% -3.62% -1.56% -10.35% 3.24% 5.81% 8.25% -5.82% 1.39%
Profit (Net Income) Margin		 -12.96% -3.50% -0.14% -4.76% -2.60% -13.38% 0.19% 3.98% 5.95% -7.69% -0.66%
Tax Burden Percent		 107.19% 113.54% -67.18% 100.31% 99.92% 105.27% 19.01% 84.82% 82.96% 110.92% -174.75%
Interest Burden Percent		 104.11% 110.28% 43.32% 131.14% 166.83% 122.75% 31.16% 80.83% 86.86% 119.10% 26.89%
Effective Tax Rate		 0.00% 0.00% 167.18% 0.00% 0.00% 0.00% 80.99% 15.18% 17.04% 0.00% 274.75%
Return on Invested Capital (ROIC)		 -33.00% -28.79% -5.84% -19.29% -6.56% -39.81% 3.25% 28.70% 59.20% -57.05% -41.29%
ROIC Less NNEP Spread (ROIC-NNEP)		 -903.23% 34.61% -11.86% -122.43% -42.81% -90.72% 0.56% 20.03% 34.77% -505.50% 42.94%
Return on Net Nonoperating Assets (RNNOA)		 -21.91% -8.62% 4.22% -19.96% -16.05% -169.18% 3.22% 32.44% 16.20% -64.00% 24.85%
Return on Equity (ROE)		 -54.91% -37.40% -1.62% -39.25% -22.61% -209.00% 6.47% 61.14% 75.40% -121.05% -16.44%
Cash Return on Invested Capital (CROIC)		 25.00% 31.11% -58.73% -92.45% 34.29% -95.89% 24.60% 18.12% 122.38% 2.53% 30.94%
Operating Return on Assets (OROA)		 -13.44% -7.23% 1.44% -5.78% -2.03% -11.31% 3.29% 6.21% 9.80% -5.96% 1.45%
Return on Assets (ROA)		 -15.00% -9.06% -0.42% -7.61% -3.39% -14.61% 0.19% 4.26% 7.06% -7.87% -0.68%
Return on Common Equity (ROCE)		 -54.91% -37.40% -1.62% -39.25% -22.61% -209.00% 6.47% 61.14% 75.40% -121.05% -16.44%
Return on Equity Simple (ROE_SIMPLE)		 -68.73% -40.32% -1.39% -41.51% -22.29% -2,349.85% 3.55% 49.00% 66.87% -340.02% 0.00%
Net Operating Profit after Tax (NOPAT)		 -44 -21 -4.06 -27 -10 -69 6.53 54 90 -46 -30
NOPAT Margin		 -7.97% -2.02% -0.33% -2.72% -1.04% -7.30% 0.65% 4.89% 6.85% -4.09% -2.60%
Net Nonoperating Expense Percent (NNEP)		 870.23% -63.40% 6.03% 103.14% 36.25% 50.90% 2.69% 8.67% 24.43% 448.45% -84.23%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - -10.67%
Cost of Revenue to Revenue		 49.41% 23.42% 22.74% 45.63% 44.64% 45.38% 42.03% 43.37% 42.50% 43.53% 37.80%
SG&A Expenses to Revenue		 7.61% 3.62% 3.12% 5.19% 5.59% 6.43% 6.56% 6.18% 6.85% 8.95% 12.25%
R&D to Revenue		 16.90% 7.57% 7.72% 18.70% 21.10% 22.11% 19.52% 17.13% 16.33% 18.97% 19.43%
Operating Expenses to Revenue		 61.98% 28.42% 26.76% 58.25% 56.84% 65.06% 54.56% 50.86% 49.25% 62.30% 60.71%
Earnings before Interest and Taxes (EBIT)		 -64 -29 5.99 -36 -16 -98 33 65 108 -65 16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -15 14 32 13 37 -34 88 105 143 -36 35
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.58 3.94 8.08 8.18 6.62 96.65 25.83 12.92 28.78 69.13 36.45
Price to Tangible Book Value (P/TBV)		 0.00 0.00 50.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.49 0.34 0.84 0.94 0.77 0.55 1.39 1.05 2.56 1.56 2.10
Price to Earnings (P/E)		 0.00 0.72 1.68 0.00 0.00 0.00 726.67 26.36 43.04 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 139.17% 59.60% 0.00% 0.00% 0.00% 0.14% 3.79% 2.32% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.74 6.18 11.12 5.28 6.21 3.32 8.53 6.39 32.24 31.66 51.73
Enterprise Value to Revenue (EV/Rev)		 0.47 0.30 0.81 1.02 0.78 0.78 1.52 1.15 2.55 1.59 2.08
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 22.38 30.26 74.09 20.81 0.00 17.41 12.19 23.37 0.00 67.53
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 163.19 0.00 0.00 0.00 46.87 19.77 30.90 0.00 149.21
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 234.46 23.45 37.25 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.94 10.41 16.50 52.47 7.41 20.59 10.60 9.96 13.43 32.06 15.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.78 13.92 0.00 0.00 14.42 0.00 30.96 37.13 18.02 877.24 106.80
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.64 0.61 0.74 1.75 1.54 76.16 6.83 3.36 1.90 7.42 3.23
Long-Term Debt to Equity		 0.53 0.42 0.64 1.67 1.46 73.10 6.40 2.99 1.61 7.05 3.01
Financial Leverage		 0.02 -0.25 -0.36 0.16 0.38 1.86 5.72 1.62 0.47 0.13 0.58
Leverage Ratio		 3.66 4.13 3.86 5.16 6.68 14.30 33.23 14.35 10.67 15.38 24.17
Compound Leverage Factor		 3.81 4.55 1.67 6.77 11.14 17.55 10.35 11.60 9.27 18.32 6.50
Debt to Total Capital		 39.08% 37.91% 42.45% 63.69% 60.65% 98.70% 87.23% 77.09% 65.53% 88.12% 76.37%
Short-Term Debt to Total Capital		 6.65% 12.13% 5.62% 2.90% 3.06% 3.97% 5.56% 8.46% 10.14% 4.38% 5.14%
Long-Term Debt to Total Capital		 32.44% 25.78% 36.83% 60.79% 57.59% 94.74% 81.67% 68.63% 55.39% 83.74% 71.23%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 60.92% 62.09% 57.55% 36.31% 39.35% 1.30% 12.77% 22.91% 34.47% 11.88% 23.63%
Debt to EBITDA		 -4.34 3.90 2.87 14.66 4.78 -11.97 4.23 2.90 1.55 -5.27 6.04
Net Debt to EBITDA		 0.61 -2.76 -1.17 5.68 0.24 -6.33 1.42 1.04 -0.09 -0.87 -0.56
Long-Term Debt to EBITDA		 -3.60 2.65 2.49 14.00 4.54 -11.49 3.96 2.58 1.31 -5.00 5.63
Debt to NOPAT		 -1.52 -2.62 -22.85 -7.39 -17.34 -5.94 56.95 5.58 2.47 -4.11 -7.16
Net Debt to NOPAT		 0.21 1.86 9.30 -2.86 -0.89 -3.14 19.16 2.01 -0.14 -0.68 0.67
Long-Term Debt to NOPAT		 -1.26 -1.78 -19.82 -7.06 -16.47 -5.70 53.32 4.97 2.09 -3.91 -6.68
Altman Z-Score		 -1.18 0.37 2.35 0.57 0.53 -0.42 0.67 0.72 2.38 0.57 1.15
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.01 1.08 1.40 1.19 1.24 1.04 1.07 0.98 1.00 0.90 0.91
Quick Ratio		 0.72 0.83 1.05 0.93 0.97 0.80 0.89 0.76 0.72 0.48 0.61
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 33 23 -41 -128 54 -167 49 34 186 2.03 22
Operating Cash Flow to CapEx		 519.40% 570.04% 568.66% 47.12% 461.70% 235.03% 841.49% 830.54% 1,805.88% 306.20% 615.19%
Free Cash Flow to Firm to Interest Expense		 10.52 7.33 -9.99 -9.21 4.28 -7.02 2.17 2.69 10.68 0.12 1.39
Operating Cash Flow to Interest Expense		 11.78 9.80 14.51 1.37 8.33 1.51 6.32 10.02 14.33 3.27 9.54
Operating Cash Flow Less CapEx to Interest Expense		 9.51 8.08 11.96 -1.53 6.53 0.87 5.57 8.82 13.54 2.20 7.99
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.16 2.59 2.91 1.60 1.30 1.09 1.01 1.07 1.19 1.02 1.04
Accounts Receivable Turnover		 5.09 11.94 13.91 6.44 5.15 6.38 7.23 6.53 7.17 8.23 10.55
Inventory Turnover		 4.75 4.92 6.25 8.06 6.98 6.82 8.89 11.75 8.07 4.23 3.54
Fixed Asset Turnover		 12.80 29.94 40.59 18.08 13.10 14.32 13.39 15.72 27.34 24.77 25.88
Accounts Payable Turnover		 7.06 6.87 8.86 8.36 6.29 7.54 7.82 6.68 6.06 6.44 7.47
Days Sales Outstanding (DSO)		 71.75 30.57 26.23 56.72 70.90 57.20 50.48 55.88 50.91 44.36 34.61
Days Inventory Outstanding (DIO)		 76.90 74.21 58.43 45.27 52.32 53.53 41.07 31.07 45.24 86.32 103.17
Days Payable Outstanding (DPO)		 51.73 53.11 41.17 43.64 58.05 48.42 46.70 54.66 60.23 56.71 48.86
Cash Conversion Cycle (CCC)		 96.92 51.68 43.48 58.34 65.17 62.31 44.84 32.28 35.92 73.97 88.93
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 95 51 88 189 125 223 180 200 104 56 46
Invested Capital Turnover		 4.14 14.24 17.46 7.09 6.33 5.45 5.02 5.86 8.65 13.96 15.89
Increase / (Decrease) in Invested Capital		 -78 -44 37 101 -64 97 -43 20 -96 -48 -52
Enterprise Value (EV)		 260 316 978 999 777 739 1,532 1,276 3,347 1,779 2,371
Market Capitalization		 269 355 1,016 923 768 522 1,407 1,167 3,360 1,748 2,390
Book Value per Share		 $1.04 $0.86 $1.14 $0.97 $0.98 $0.04 $0.43 $0.69 $0.91 $0.19 $0.49
Tangible Book Value per Share		 ($0.19) $0.00 $0.18 ($0.89) ($0.62) ($3.28) ($2.48) ($2.62) ($2.28) ($2.92) ($2.56)
Total Capital		 171 145 218 310 295 416 427 394 339 213 278
Total Debt		 67 55 93 198 179 411 372 304 222 188 212
Total Long-Term Debt		 56 37 80 189 170 395 348 271 188 178 198
Net Debt		 -9.35 -39 -38 77 9.14 217 125 109 -13 31 -20
Capital Expenditures (CapEx)		 7.21 5.33 10 40 23 15 17 15 14 18 25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -62 -59 -33 -44 -75 -161 -191 -172 -200 -198 -270
Debt-free Net Working Capital (DFNWC)		 14 35 98 77 95 33 56 22 35 -41 -38
Net Working Capital (NWC)		 2.56 17 86 68 86 16 32 -11 0.66 -51 -53
Net Nonoperating Expense (NNE)		 28 15 -2.31 20 16 58 4.60 10 12 40 -22
Net Nonoperating Obligations (NNO)		 -9.35 -39 -38 77 9.14 217 125 109 -13 31 -20
Total Depreciation and Amortization (D&A)		 49 43 26 49 53 64 55 40 35 29 19
Debt-free, Cash-free Net Working Capital to Revenue		 -11.26% -5.68% -2.68% -4.48% -7.50% -16.98% -18.95% -15.49% -15.23% -17.73% -23.69%
Debt-free Net Working Capital to Revenue		 2.52% 3.37% 8.06% 7.84% 9.54% 3.47% 5.51% 2.00% 2.67% -3.70% -3.36%
Net Working Capital to Revenue		 0.46% 1.68% 7.05% 6.92% 8.63% 1.73% 3.16% -1.00% 0.05% -4.53% -4.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.72) ($0.31) ($0.08) ($0.41) ($0.22) ($1.06) $0.02 $0.34 $0.60 ($0.66) ($0.06)
Adjusted Weighted Average Basic Shares Outstanding		 99M 103.07M 108.27M 114.22M 117.95M 122.54M 124.02M 129.44M 129.47M 129.29M 132.33M
Adjusted Diluted Earnings per Share		 ($0.72) ($0.31) ($0.08) ($0.41) ($0.22) ($1.06) $0.02 $0.33 $0.58 ($0.66) ($0.06)
Adjusted Weighted Average Diluted Shares Outstanding		 99M 103.07M 108.27M 114.22M 117.95M 122.54M 127.67M 133.49M 133.65M 129.29M 132.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 ($1.06) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 101.31M 106.39M 113.06M 118.32M 120.78M 119.81M 129.51M 131.16M 130.04M 130.34M 132.21M
Normalized Net Operating Profit after Tax (NOPAT)		 -30 -13 20 17 -4.33 -31 27 62 93 -20 13
Normalized NOPAT Margin		 -5.44% -1.20% 1.62% 1.70% -0.44% -3.31% 2.70% 5.56% 7.05% -1.81% 1.13%
Pre Tax Income Margin		 -12.09% -3.08% 0.21% -4.74% -2.60% -12.71% 1.01% 4.69% 7.17% -6.94% 0.37%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -20.21 -9.37 1.47 -2.55 -1.23 -4.13 1.43 5.05 6.23 -3.83 1.00
NOPAT to Interest Expense		 -13.88 -6.79 -0.99 -1.92 -0.82 -2.91 0.29 4.26 5.17 -2.69 -1.86
EBIT Less CapEx to Interest Expense		 -22.48 -11.09 -1.08 -5.46 -3.04 -4.78 0.68 3.84 5.44 -4.90 -0.55
NOPAT Less CapEx to Interest Expense		 -16.15 -8.50 -3.54 -4.82 -2.62 -3.56 -0.47 3.05 4.38 -3.75 -3.41
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% -58.02% -23.65% 0.00% 101.59% 127.90% -58.00% -508.81%

Quarterly Metrics And Ratios for Extreme Networks

This table displays calculated financial ratios and metrics derived from Extreme Networks' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 134,269,540.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 134,269,540.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 18.63% -6.90% -36.53% -29.47% -23.77% -5.74% 34.81% 19.62% 15.25% 13.81% 11.38%
EBITDA Growth		 60.68% -51.63% -262.91% -181.67% -100.84% 17.06% 125.69% 106.91% 4,454.02% 0.58% 61.25%
EBIT Growth		 104.49% -58.02% -312.58% -230.19% -114.97% 34.66% 116.09% 95.95% 298.75% -5.21% 70.91%
NOPAT Growth		 102.76% -71.45% -273.95% -217.87% -110.66% 60.60% 111.45% 97.19% 329.81% 5.05% 147.63%
Net Income Growth		 127.86% -77.76% -391.11% -313.17% -136.63% 85.11% 105.37% 85.60% 153.42% 6.69% 206.25%
EPS Growth		 133.33% -76.92% -394.12% -310.53% -138.10% 100.00% 106.00% 82.50% 150.00% 0.00% 166.67%
Operating Cash Flow Growth		 52.08% -51.52% 0.00% -80.81% -75.43% -37.09% 142.90% 429.01% -175.32% 132.84% -52.65%
Free Cash Flow Firm Growth		 1,289.80% 181.89% -135.20% -122.45% -85.46% -152.16% 187.70% 281.22% -13.19% 138.33% -53.94%
Invested Capital Growth		 -43.42% 0.00% 8.84% -5.97% -17.70% 0.00% -29.94% -53.07% -8.02% -25.11% -9.83%
Revenue Q/Q Growth		 -2.96% -16.07% 0.00% 21.62% 0.00% 3.77% 1.84% 7.91% 1.06% 2.48% -0.33%
EBITDA Q/Q Growth		 -6.68% -63.76% 0.00% 33.35% 0.00% 5,170.36% -20.49% -82.07% 502.45% 17.13% 27.47%
EBIT Q/Q Growth		 -3.84% -72.76% 0.00% 20.80% 0.00% 345.05% -25.02% -119.94% 642.57% 16.88% 35.19%
NOPAT Q/Q Growth		 6.54% -81.18% 0.00% 21.64% 0.00% 383.55% -46.52% -119.24% 887.81% 29.61% 26.06%
Net Income Q/Q Growth		 12.78% -86.09% 0.00% 15.87% 0.00% 170.28% -53.16% -325.65% 171.91% 40.37% 34.46%
EPS Q/Q Growth		 10.53% -85.71% 0.00% 20.00% 0.00% 175.00% -50.00% -333.33% 157.14% 50.00% 33.33%
Operating Cash Flow Q/Q Growth		 -6.27% -54.74% 0.00% 122.17% 19.99% 15.86% 39.20% 173.37% -117.08% 458.18% -71.69%
Free Cash Flow Firm Q/Q Growth		 -1.91% 44.11% 0.00% 49.53% 0.00% -617.07% 152.92% 4.29% -69.58% 128.34% -36.41%
Invested Capital Q/Q Growth		 14.94% -100.00% 0.00% -33.18% 0.00% 3.32% 0.87% -55.24% 97.17% -15.87% 21.45%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 60.30% 61.87% 56.82% 44.66% 62.97% 62.69% 61.65% 61.59% 60.61% 61.36% 61.71%
EBITDA Margin		 12.22% 5.28% -29.19% -14.71% -0.13% 6.55% 5.12% 0.85% 5.07% 5.79% 7.41%
Operating Margin		 10.17% 3.48% -29.60% -19.07% -1.75% 4.53% 3.65% -0.45% 3.64% 4.09% 5.47%
EBIT Margin		 10.29% 3.34% -29.43% -19.17% -2.02% 4.77% 3.51% -0.65% 3.48% 3.97% 5.39%
Profit (Net Income) Margin		 8.12% 1.35% -30.53% -21.12% -3.90% 2.64% 1.22% -2.54% 1.81% 2.48% 3.34%
Tax Burden Percent		 86.27% 56.51% 99.04% 102.76% 116.53% 73.92% 48.25% 201.84% 67.18% 75.70% 71.50%
Interest Burden Percent		 91.49% 71.31% 104.73% 107.24% 165.76% 74.94% 71.73% 194.08% 77.28% 82.36% 86.73%
Effective Tax Rate		 13.73% 43.49% 0.00% 0.00% 0.00% 26.08% 51.75% 0.00% 32.82% 24.30% 28.50%
Return on Invested Capital (ROIC)		 72.64% 0.00% 0.00% -148.05% -11.65% 67.12% 15.43% -4.99% 30.64% 42.51% 50.32%
ROIC Less NNEP Spread (ROIC-NNEP)		 68.51% 0.00% 0.00% -215.13% -30.51% 59.24% 12.66% -30.99% 26.11% 29.62% 42.11%
Return on Net Nonoperating Assets (RNNOA)		 34.78% 0.00% 0.00% -90.04% -16.50% 58.17% 10.36% -17.94% 22.50% 6.12% 12.30%
Return on Equity (ROE)		 107.42% 0.00% 0.00% -238.09% -28.15% 125.29% 25.80% -22.93% 53.14% 48.63% 62.63%
Cash Return on Invested Capital (CROIC)		 119.45% 0.00% 0.00% -39.15% -48.67% -342.72% 17.96% 30.94% 22.33% 44.26% 32.99%
Operating Return on Assets (OROA)		 13.00% 0.00% 0.00% -19.60% -1.93% 4.48% 3.55% -0.67% 3.72% 4.31% 6.02%
Return on Assets (ROA)		 10.26% 0.00% 0.00% -21.60% -3.73% 2.48% 1.23% -2.64% 1.93% 2.69% 3.73%
Return on Common Equity (ROCE)		 107.42% 0.00% 0.00% -238.09% -28.15% 125.29% 25.80% -22.93% 53.14% 48.63% 62.63%
Return on Equity Simple (ROE_SIMPLE)		 86.80% 0.00% 0.00% 0.00% -382.46% -237.76% -75.12% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 31 5.83 -44 -34 -3.30 9.36 5.01 -0.96 7.59 9.84 12
NOPAT Margin		 8.77% 1.97% -20.72% -13.35% -1.23% 3.35% 1.76% -0.31% 2.45% 3.09% 3.91%
Net Nonoperating Expense Percent (NNEP)		 4.13% 0.00% 36.88% 67.08% 18.86% 7.88% 2.77% 26.01% 4.53% 12.90% 8.22%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -13.47% - 3.44% 1.74% -0.35% 2.53% 3.32% 4.10%
Cost of Revenue to Revenue		 39.70% 38.13% 43.18% 55.34% 37.03% 37.31% 38.35% 38.41% 39.39% 38.64% 38.29%
SG&A Expenses to Revenue		 6.76% 8.56% 11.95% 9.92% 13.60% 9.33% 10.38% 15.45% 9.41% 10.88% 9.35%
R&D to Revenue		 16.43% 17.83% 25.83% 18.14% 20.23% 19.65% 19.56% 18.39% 18.62% 18.09% 18.68%
Operating Expenses to Revenue		 50.13% 58.39% 86.42% 63.73% 64.72% 58.15% 58.01% 62.04% 56.97% 57.27% 56.24%
Earnings before Interest and Taxes (EBIT)		 36 9.90 -62 -49 -5.44 13 9.99 -1.99 11 13 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 43 16 -62 -38 -0.36 18 15 2.61 16 18 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 29.02 0.00 23.02 69.13 59.87 43.20 24.49 36.45 39.82 23.21 25.64
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.30 1.70 0.00 1.56 1.90 2.18 1.61 2.10 2.31 1.83 1.62
Price to Earnings (P/E)		 33.43 28.50 0.00 0.00 0.00 0.00 0.00 0.00 315.69 243.54 124.42
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 2.99% 3.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.32% 0.41% 0.80%
Enterprise Value to Invested Capital (EV/IC)		 26.47 0.00 10.79 18.64 20.61 22.29 17.46 51.73 30.46 29.03 22.08
Enterprise Value to Revenue (EV/Rev)		 2.31 0.00 0.00 1.63 1.96 2.23 1.64 2.08 2.33 1.81 1.63
Enterprise Value to EBITDA (EV/EBITDA)		 19.81 0.00 0.00 0.00 0.00 0.00 0.00 67.53 53.76 43.02 33.85
Enterprise Value to EBIT (EV/EBIT)		 24.89 0.00 0.00 0.00 0.00 0.00 0.00 149.21 85.64 70.18 52.90
Enterprise Value to NOPAT (EV/NOPAT)		 29.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 208.91 159.93 92.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.48 0.00 13.07 32.80 0.00 0.00 20.88 15.59 23.04 14.90 15.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.01 0.00 0.00 0.00 0.00 0.00 80.08 106.80 130.72 56.17 63.47
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.17 0.00 3.57 9.06 6.88 4.31 3.01 3.23 3.37 2.08 2.83
Long-Term Debt to Equity		 2.08 0.00 3.43 8.69 6.56 4.08 2.83 3.01 2.77 1.91 2.22
Financial Leverage		 0.51 0.00 0.67 0.42 0.54 0.98 0.82 0.58 0.86 0.21 0.29
Leverage Ratio		 9.88 0.00 12.81 15.38 15.32 21.11 15.79 24.17 21.81 15.29 14.89
Compound Leverage Factor		 9.04 0.00 13.42 16.49 25.39 15.82 11.33 46.90 16.86 12.59 12.91
Debt to Total Capital		 68.44% 0.00% 78.14% 90.06% 87.31% 81.16% 75.09% 76.37% 77.10% 67.58% 73.89%
Short-Term Debt to Total Capital		 2.71% 0.00% 3.14% 3.67% 4.07% 4.32% 4.52% 5.14% 13.54% 5.68% 15.90%
Long-Term Debt to Total Capital		 65.73% 0.00% 75.00% 86.39% 83.24% 76.84% 70.57% 71.23% 63.56% 61.90% 57.99%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 31.56% 0.00% 21.86% 9.94% 12.69% 18.84% 24.91% 23.63% 22.90% 32.42% 26.11%
Debt to EBITDA		 1.48 0.00 0.00 -6.43 -2.84 -2.89 -41.12 6.04 4.51 3.90 3.71
Net Debt to EBITDA		 0.07 0.00 0.00 -2.03 -0.83 -0.66 -5.83 -0.56 0.43 -0.39 0.22
Long-Term Debt to EBITDA		 1.42 0.00 0.00 -6.17 -2.71 -2.73 -38.64 5.63 3.72 3.57 2.91
Debt to NOPAT		 2.23 0.00 0.00 -5.02 -3.04 -3.05 -10.08 -7.16 17.52 14.49 10.13
Net Debt to NOPAT		 0.10 0.00 0.00 -1.59 -0.88 -0.69 -1.43 0.67 1.65 -1.44 0.61
Long-Term Debt to NOPAT		 2.14 0.00 0.00 -4.81 -2.90 -2.88 -9.48 -6.68 14.44 13.27 7.95
Altman Z-Score		 2.19 0.00 0.00 0.62 0.79 1.00 0.83 1.09 1.37 1.17 1.07
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.01 0.00 0.96 0.90 0.91 0.93 0.93 0.91 0.91 0.95 0.91
Quick Ratio		 0.67 0.00 0.46 0.48 0.49 0.54 0.56 0.61 0.61 0.66 0.63
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 123 177 -56 -28 18 -92 49 51 15 35 22
Operating Cash Flow to CapEx		 1,753.25% 606.81% 0.00% 345.04% 268.72% 398.10% 522.01% 1,232.91% -204.20% 709.47% 220.32%
Free Cash Flow to Firm to Interest Expense		 28.39 41.38 -13.30 -6.65 4.03 -22.05 12.84 14.41 4.23 10.51 6.91
Operating Cash Flow to Interest Expense		 17.52 8.02 0.00 3.67 4.20 5.15 7.89 23.21 -3.83 14.92 4.37
Operating Cash Flow Less CapEx to Interest Expense		 16.52 6.70 0.00 2.61 2.64 3.86 6.38 21.33 -5.71 12.82 2.39
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.26 0.00 0.00 1.02 0.96 0.94 1.01 1.04 1.07 1.08 1.12
Accounts Receivable Turnover		 9.43 0.00 0.00 8.23 9.04 8.64 11.24 10.55 9.72 9.03 9.55
Inventory Turnover		 7.43 0.00 0.00 4.23 3.65 3.30 3.02 3.54 3.82 4.37 5.04
Fixed Asset Turnover		 21.28 0.00 0.00 24.77 25.60 27.66 25.12 25.88 28.64 28.05 26.91
Accounts Payable Turnover		 6.88 0.00 0.00 6.44 6.12 8.35 7.08 7.47 6.32 8.06 7.55
Days Sales Outstanding (DSO)		 38.72 0.00 0.00 44.36 40.40 42.23 32.49 34.61 37.55 40.40 38.23
Days Inventory Outstanding (DIO)		 49.12 0.00 0.00 86.32 100.03 110.46 120.75 103.17 95.50 83.45 72.49
Days Payable Outstanding (DPO)		 53.06 0.00 0.00 56.71 59.67 43.73 51.57 48.86 57.77 45.30 48.33
Cash Conversion Cycle (CCC)		 34.78 0.00 0.00 73.97 80.76 108.96 101.67 88.93 75.28 78.55 62.38
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 119 0.00 146 98 98 101 102 46 90 76 92
Invested Capital Turnover		 8.28 0.00 0.00 11.09 9.50 20.03 8.77 15.89 12.53 13.74 12.86
Increase / (Decrease) in Invested Capital		 -92 -171 12 -6.20 -21 101 -44 -52 -7.88 -25 -10
Enterprise Value (EV)		 3,159 0.00 1,577 1,820 2,024 2,262 1,787 2,371 2,752 2,207 2,038
Market Capitalization		 3,148 2,286 1,496 1,748 1,959 2,212 1,756 2,390 2,730 2,226 2,025
Book Value per Share		 $0.83 $0.00 $0.50 $0.19 $0.25 $0.39 $0.54 $0.49 $0.52 $0.72 $0.59
Tangible Book Value per Share		 ($2.29) $0.00 ($2.64) ($2.92) ($2.86) ($2.64) ($2.49) ($2.56) ($2.55) ($2.31) ($2.41)
Total Capital		 344 0.00 297 254 258 272 288 278 299 296 302
Total Debt		 235 0.00 232 229 225 221 216 212 231 200 223
Total Long-Term Debt		 226 0.00 223 220 215 209 203 198 190 183 175
Net Debt		 11 0.00 81 72 66 50 31 -20 22 -20 13
Capital Expenditures (CapEx)		 4.31 5.64 0.00 4.49 6.92 5.41 5.74 6.65 6.86 7.07 6.44
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -211 0.00 -164 -198 -199 -198 -208 -270 -220 -232 -214
Debt-free Net Working Capital (DFNWC)		 13 0.00 -13 -41 -39 -27 -22 -38 -11 -13 -3.39
Net Working Capital (NWC)		 3.74 0.00 -22 -51 -50 -39 -35 -53 -52 -29 -51
Net Nonoperating Expense (NNE)		 2.29 1.84 21 20 7.20 1.98 1.55 6.84 1.98 1.96 1.81
Net Nonoperating Obligations (NNO)		 11 0.00 81 72 66 50 31 -20 22 -20 13
Total Depreciation and Amortization (D&A)		 6.81 5.74 0.51 11 5.08 4.98 4.56 4.60 4.91 5.78 6.39
Debt-free, Cash-free Net Working Capital to Revenue		 -15.45% 0.00% 0.00% -17.73% -19.23% -19.43% -19.07% -23.69% -18.63% -19.05% -17.05%
Debt-free Net Working Capital to Revenue		 0.96% 0.00% 0.00% -3.70% -3.79% -2.68% -2.05% -3.36% -0.94% -1.03% -0.27%
Net Working Capital to Revenue		 0.27% 0.00% 0.00% -4.53% -4.80% -3.83% -3.25% -4.61% -4.37% -2.41% -4.11%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.22 $0.00 ($0.50) ($0.41) ($0.08) $0.06 $0.03 ($0.07) $0.04 $0.06 $0.08
Adjusted Weighted Average Basic Shares Outstanding		 128.78M 0.00 129.30M 129.29M 131.18M 132.38M 132.98M 132.33M 132.97M 133.91M 132.93M
Adjusted Diluted Earnings per Share		 $0.21 $0.00 ($0.50) ($0.40) ($0.08) $0.06 $0.03 ($0.07) $0.04 $0.06 $0.08
Adjusted Weighted Average Diluted Shares Outstanding		 133.46M 0.00 129.30M 129.29M 131.18M 134.11M 134.59M 132.33M 135.07M 135.17M 133.59M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 129.61M 0.00 129.95M 130.34M 132.13M 132.76M 133.17M 132.21M 133.72M 134.27M 130.78M
Normalized Net Operating Profit after Tax (NOPAT)		 33 11 -34 -27 -2.41 10 6.96 -1.23 7.84 9.96 12
Normalized NOPAT Margin		 9.43% 3.72% -15.94% -10.62% -0.89% 3.63% 2.44% -0.40% 2.53% 3.13% 3.91%
Pre Tax Income Margin		 9.41% 2.38% -30.82% -20.55% -3.35% 3.57% 2.52% -1.26% 2.69% 3.27% 4.67%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.41 2.32 -14.86 -11.66 -1.23 3.19 2.63 -0.56 2.96 3.76 5.26
NOPAT to Interest Expense		 7.17 1.37 -10.46 -8.12 -0.75 2.24 1.32 -0.27 2.08 2.93 3.82
EBIT Less CapEx to Interest Expense		 7.41 1.00 0.00 -12.72 -2.79 1.89 1.12 -2.45 1.08 1.66 3.27
NOPAT Less CapEx to Interest Expense		 6.17 0.04 0.00 -9.18 -2.31 0.95 -0.19 -2.16 0.20 0.82 1.83
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 132.48% 124.54% 0.00% -58.00% -19.95% 0.00% -24.13% -508.81% 578.09% 546.85% 534.55%

Financials Breakdown Chart

Key Financial Trends

Extreme Networks (EXTR) shows a blend of improving top-line results and ongoing balance-sheet headwinds when looking at the last several quarters. Below are the 10 most relevant, data-driven takeaways from the quarterly cash flow, income statement, and balance sheet data through Q2 2026.

  • Revenue growth: In the latest quarter, Q2 2026 Operating Revenue was $317,925,000, up from $279,355,000 in Q2 2025 (roughly a 13% year-over-year increase).
  • Gross margin remains solid: Q2 2026 Total Gross Profit was $195,080,000 on $317,925,000 in revenue, for a gross margin of about 61.4%.
  • Net income attributable to common shareholders positive: Q2 2026 net income attributable to common shareholders was $7,876,000, indicating a profitable quarter on an after-tax basis.
  • Healthy operating cash flow in recent quarters: Q4 2025 cash flow from operating activities was $81,939,000; Q2 2026 was $50,138,000, showing ongoing positive cash generation from core operations.
  • Solid cash balance: Cash & Equivalents stood at $219,791,000 at Q2 2026, providing liquidity runway for operations and discretionary activities.
  • Near-term liquidity is tight on a current basis: Total current assets are $535.7M vs. total current liabilities of $565.1M (roughly a 0.95x current ratio), signaling tighter near-term liquidity.
  • Asset base skewed toward goodwill and intangibles: Goodwill is $399.85M and intangible assets $4.68M (Q2 2026), suggesting a heavy non-cash asset base with potential impairment sensitivity if conditions deteriorate.
  • Debt posture is manageable but meaningful: Long-term debt is about $154.06M (with current portion and other liabilities shaping overall leverage), and total liabilities are $1.072B, reflecting a moderate debt load relative to asset base.
  • Earnings volatility persists: Quarterly results show periods of positive and negative earnings, indicating earnings visibility remains variable across the four-year window.
  • Deficit in retained earnings and modest equity: Retained Earnings are deeply negative (approximately -$935.9M in Q2 2026) and Total Equity is relatively small (~$95.9M), signaling a significant accumulated deficit and potential dilution concerns for investors.
05/14/26 08:55 AM ETAI Generated. May Contain Errors.

Extreme Networks Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Extreme Networks' financial year ends in June. Their financial year 2025 ended on June 30, 2025.

Extreme Networks' net income appears to be on a downward trend, with a most recent value of -$7.47 million in 2025, falling from -$71.64 million in 2015. The previous period was -$85.96 million in 2024. Find out what analysts predict for Extreme Networks in the coming months.

Extreme Networks' total operating income in 2025 was $16.95 million, based on the following breakdown:
  • Total Gross Profit: $709.13 million
  • Total Operating Expenses: $692.18 million

Over the last 10 years, Extreme Networks' total revenue changed from $552.94 million in 2015 to $1.14 billion in 2025, a change of 106.2%.

Extreme Networks' total liabilities were at $1.09 billion at the end of 2025, a 6.9% increase from 2024, and a 235.2% increase since 2015.

In the past 10 years, Extreme Networks' cash and equivalents has ranged from $76.23 million in 2015 to $246.89 million in 2021, and is currently $231.75 million as of their latest financial filing in 2025.

Over the last 10 years, Extreme Networks' book value per share changed from 1.04 in 2015 to 0.49 in 2025, a change of -52.7%.


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Financial statements for NASDAQ:EXTR last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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