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Extreme Networks (EXTR) Financials

Extreme Networks logo
$23.02 +0.70 (+3.14%)
As of 08/21/2026 04:00 PM 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 494 605 -47 -26 -127 1.94 44 78 -86 -7.47 42
Consolidated Net Income / (Loss)		 -36 -1.74 -47 -26 -127 1.94 44 78 -86 -7.47 42
Net Income / (Loss) Continuing Operations		 494 605 -47 -26 -127 1.94 44 78 -86 -7.47 42
Total Pre-Tax Income 		-32 2.60 -47 -26 -120 10 52 94 -77 4.27 51
Total Operating Income		 -30 6.04 -38 -15 -99 34 64 108 -65 17 63
Total Gross Profit		 265 938 535 551 518 585 630 755 631 709 789
Total Revenue		 1,040 1,214 983 996 948 1,009 1,112 1,312 1,117 1,140 1,284
Operating Revenue		 1,040 1,214 983 996 - 1,009 1,112 1,312 1,117 1,140 1,284
Total Cost of Revenue		 243 276 449 445 430 424 482 558 486 431 494
Operating Cost of Revenue		 774 276 449 445 - 424 482 558 486 431 494
Total Operating Expenses		 295 325 573 566 617 551 566 646 696 692 726
Selling, General & Admin Expense		 38 38 51 56 61 66 69 90 100 140 125
Marketing Expense		 150 163 267 285 284 277 294 337 346 328 364
Research & Development Expense		 79 94 184 210 210 197 191 214 212 221 234
Amortization Expense		 17 8.70 8.72 6.35 8.43 6.11 3.24 2.05 2.04 2.04 1.72
Restructuring Charge		 12 22 62 8.53 54 4.60 8.76 3.25 36 1.49 1.27
Total Other Income / (Expense), net		 -2.00 -3.44 -8.44 -11 -22 -24 -12 -14 -12 -13 -11
Interest Expense		 3.10 4.09 14 13 24 23 13 17 17 16 14
Interest & Investment Income		 0.11 0.69 2.85 2.23 1.42 0.35 0.41 3.16 4.56 4.31 4.15
Other Income / (Expense), net		 0.99 -0.05 2.64 -0.78 0.74 -1.69 0.38 0.02 0.13 -1.06 -1.59
Income Tax Expense		 4.34 4.34 0.15 -0.02 6.35 8.25 7.92 16 8.47 12 9.36
Basic Earnings per Share		 ($0.35) ($0.02) ($0.41) ($0.22) ($1.06) $0.02 $0.34 $0.60 ($0.66) ($0.06) $0.32
Weighted Average Basic Shares Outstanding		 103.07M 108.27M 114.22M 117.95M 119.81M 124.02M 129.44M 129.47M 129.29M 132.33M 132.75M
Diluted Earnings per Share		 ($0.35) ($0.02) ($0.41) ($0.22) ($1.06) $0.02 $0.33 $0.58 ($0.66) ($0.06) $0.31
Weighted Average Diluted Shares Outstanding		 103.07M 108.27M 114.22M 117.95M 119.81M 127.67M 133.49M 133.65M 129.29M 132.33M 134.97M
Weighted Average Basic & Diluted Shares Outstanding		 103.07M 108.27M 114.22M 117.95M 119.81M 129.51M 131.16M 130.04M 130.34M 132.21M 130.49M

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11 18
Consolidated Net Income / (Loss)		 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11 18
Net Income / (Loss) Continuing Operations		 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11 18
Total Pre-Tax Income 		7.06 -65 -53 -9.01 9.99 7.17 -3.87 8.35 10 15 18
Total Operating Income		 10 -62 -49 -4.72 13 10 -1.38 11 13 17 21
Total Gross Profit		 183 120 115 170 175 175 189 188 195 196 210
Total Revenue		 296 211 257 269 279 285 307 310 318 317 339
Operating Revenue		 296 211 257 269 279 285 307 310 318 317 339
Total Cost of Revenue		 113 91 142 100 104 109 118 122 123 121 128
Operating Cost of Revenue		 113 91 142 100 104 109 118 122 123 121 128
Total Operating Expenses		 173 182 164 174 162 165 190 177 182 178 189
Selling, General & Admin Expense		 25 25 25 37 26 30 47 29 35 30 32
Marketing Expense		 85 88 81 81 80 80 86 89 89 89 97
Research & Development Expense		 53 55 47 54 55 56 56 58 58 59 59
Amortization Expense		 0.51 0.51 0.51 0.51 0.51 0.51 0.52 0.50 0.41 0.41 0.41
Restructuring Charge		 9.17 14 10 1.28 1.04 -0.44 -0.38 0.37 0.17 0.00 0.73
Total Other Income / (Expense), net		 -3.26 -2.58 -3.80 -4.30 -2.68 -3.21 -2.49 -2.94 -2.59 -2.53 -3.16
Interest Expense		 4.27 4.18 4.22 4.42 4.18 3.80 3.53 3.65 3.36 3.25 3.52
Interest & Investment Income		 1.43 1.24 0.66 0.85 0.84 0.97 1.66 1.20 1.13 0.98 0.84
Other Income / (Expense), net		 -0.42 0.36 -0.24 -0.72 0.66 -0.39 -0.62 -0.49 -0.36 -0.26 -0.48
Income Tax Expense		 3.07 -0.62 1.46 1.49 2.60 3.71 3.94 2.74 2.53 4.22 -0.14
Basic Earnings per Share		 $0.03 ($0.50) ($0.41) ($0.08) $0.06 $0.03 ($0.07) $0.04 $0.06 $0.08 $0.14
Weighted Average Basic Shares Outstanding		 128.99M 129.30M 129.29M 131.18M 132.38M 132.98M 132.33M 132.97M 133.91M 132.93M 132.75M
Diluted Earnings per Share		 $0.03 ($0.50) ($0.40) ($0.08) $0.06 $0.03 ($0.07) $0.04 $0.06 $0.08 $0.13
Weighted Average Diluted Shares Outstanding		 131.51M 129.30M 129.29M 131.18M 134.11M 134.59M 132.33M 135.07M 135.17M 133.59M 134.97M
Weighted Average Basic & Diluted Shares Outstanding		 - 129.95M 130.34M 132.13M 132.76M 133.17M 132.21M 133.72M 134.27M 130.78M 130.49M

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 18 36 -9.31 48 24 53 -52 40 -138 9.57 -90
Net Cash From Operating Activities		 30 59 19 105 36 145 128 249 55 152 123
Net Cash From Continuing Operating Activities		 30 59 19 105 36 145 128 249 -4.59 87 52
Net Income / (Loss) Continuing Operations		 -36 -1.74 -47 -26 -127 1.94 44 78 -86 -7.47 42
Consolidated Net Income / (Loss)		 -36 -1.74 -47 -26 -127 1.94 44 78 -86 -7.47 42
Depreciation Expense		 11 11 23 27 29 23 20 20 24 15 16
Amortization Expense		 32 16 26 26 35 32 20 15 5.31 4.51 8.60
Non-Cash Adjustments To Reconcile Net Income		 20 15 27 38 67 65 64 77 98 35 36
Changes in Operating Assets and Liabilities, net		 3.88 19 -11 40 32 23 -20 60 -46 41 -51
Net Cash From Investing Activities		 -5.33 -72 -132 -22 -189 -17 -85 -14 -18 -25 -28
Net Cash From Continuing Investing Activities		 -5.33 -72 -132 -22 -189 -17 -85 -14 -18 -25 -28
Purchase of Property, Plant & Equipment		 -5.33 -10 -40 -23 -15 -17 -15 -14 -18 -25 -28
Acquisitions		 0.00 -61 -98 0.00 -219 0.00 -70 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 -6.74 49 105 -34 178 -75 -95 -195 -115 -53 -115
Net Cash From Continuing Financing Activities		 -6.74 49 105 -34 178 -75 -95 -195 -115 -53 -115
Repayment of Debt		 -26 -11 -197 -20 -47 -74 -38 -112 -65 -11 -70
Repurchase of Common Equity		 - - 0.00 -15 -30 0.00 -45 -100 -50 -38 -87
Issuance of Debt		 15 48 300 0.00 255 0.00 0.00 25 30 0.00 55
Other Financing Activities, net		 0.00 - -1.67 -11 -8.25 -5.30 -5.02 -3.00 -30 -3.90 -13
Cash Interest Paid		 2.61 3.01 8.29 8.49 20 19 9.27 13 15 15 12
Cash Income Taxes Paid		 2.36 2.51 4.13 5.97 5.31 4.49 7.78 12 16 4.07 13

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -3.03 -70 5.69 2.85 11 15 46 -23 11 -9.68 -68
Net Cash From Operating Activities		 34 -70 15 19 22 30 82 -14 50 14 73
Net Cash From Continuing Operating Activities		 34 -70 15 19 22 30 82 -14 50 14 2.05
Net Income / (Loss) Continuing Operations		 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11 18
Consolidated Net Income / (Loss)		 3.99 -64 -54 -11 7.38 3.46 -7.80 5.61 7.88 11 18
Depreciation Expense		 4.62 4.34 10 3.94 3.86 3.46 3.44 3.80 3.99 3.81 4.21
Amortization Expense		 1.12 1.13 1.12 1.14 1.12 1.11 1.16 1.11 1.78 2.58 3.12
Non-Cash Adjustments To Reconcile Net Income		 24 30 91 23 23 27 27 25 28 29 -45
Changes in Operating Assets and Liabilities, net		 0.09 -41 -33 1.38 -14 -4.65 58 -49 8.33 -31 22
Net Cash From Investing Activities		 -5.64 -3.68 -4.49 -6.92 -5.41 -5.74 -6.65 -6.86 -7.07 -6.44 -7.58
Net Cash From Continuing Investing Activities		 -5.64 -3.68 -4.49 -6.92 -5.41 -5.74 -6.65 -6.86 -7.07 -6.44 -7.58
Purchase of Property, Plant & Equipment		 -5.64 -3.68 -4.49 -6.92 -5.41 -5.74 -6.65 -6.86 -7.07 -6.44 -7.58
Net Cash From Financing Activities		 -32 3.32 -5.06 -9.12 -4.87 -9.11 -29 -1.72 -32 -17 -64
Net Cash From Continuing Financing Activities		 -32 3.32 -5.06 -9.12 -4.87 -9.11 -29 -1.72 -32 -17 -64
Repayment of Debt		 -2.50 -2.50 -33 -3.20 -2.50 -2.50 -2.50 -3.75 -29 -3.75 -34
Repurchase of Common Equity		 -25 - - 0.00 - -13 -25 -12 - -50 -25
Other Financing Activities, net		 - - - 0.00 - - - 0.00 - - -13

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 6/30/2026
Total Assets		 374 460 770 757 979 1,010 1,069 1,142 1,043 1,153 1,178
Total Current Assets		 229 299 428 442 414 488 489 576 467 535 550
Cash & Equivalents		 94 130 121 170 194 247 195 235 157 232 212
Accounts Receivable		 81 93 212 174 123 156 184 182 90 127 165
Inventories, net		 41 47 64 64 63 33 49 89 141 103 70
Prepaid Expenses		 12 28 30 34 35 51 61 70 80 74 103
Plant, Property, & Equipment, net		 30 30 79 74 59 92 50 46 44 44 58
Total Noncurrent Assets		 116 131 264 241 506 431 530 519 532 574 570
Goodwill		 71 80 139 139 331 331 400 395 394 400 398
Intangible Assets		 20 25 77 51 68 36 33 16 11 6.54 3.07
Other Noncurrent Operating Assets		 25 25 48 52 107 63 97 108 128 167 169
Total Liabilities & Shareholders' Equity		 374 460 770 757 979 1,010 1,069 1,142 1,043 1,153 1,178
Total Liabilities		 284 334 658 641 974 956 978 1,025 1,017 1,088 1,089
Total Current Liabilities		 212 213 360 356 398 456 500 576 518 588 593
Short-Term Debt		 18 12 9.01 9.01 17 24 33 34 9.33 14 19
Accounts Payable		 31 32 76 66 48 60 84 100 51 64 89
Accrued Expenses		 9.60 11 13 15 14 12 11 12 11 9.68 11
Current Deferred Revenue		 100 79 131 144 190 212 238 282 306 325 330
Current Employee Benefit Liabilities		 27 43 50 52 51 72 54 71 42 63 70
Other Current Liabilities		 27 37 81 71 78 76 80 75 98 112 73
Total Noncurrent Liabilities		 73 121 298 285 576 500 478 449 500 500 497
Long-Term Debt		 37 80 189 170 395 316 271 188 178 164 144
Capital Lease Obligations		 - - - - - 33 - - 41 34 20
Noncurrent Deferred Revenue		 22 25 44 59 101 133 163 219 269 292 323
Noncurrent Deferred & Payable Income Tax Liabilities		 4.69 6.58 6.14 1.96 2.33 3.83 7.72 7.75 7.98 7.03 7.40
Other Noncurrent Operating Liabilities		 8.64 8.53 59 54 78 15 36 35 3.11 2.60 2.19
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		 90 126 113 116 5.40 54 90 117 25 66 89
Total Preferred & Common Equity		 90 126 113 116 5.40 54 90 117 25 66 89
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		 90 126 113 116 5.40 54 90 117 25 66 89
Common Stock		 885 909 943 987 1,035 1,079 1,116 1,174 1,221 1,299 1,374
Retained Earnings		 -792 -781 -828 -853 -980 -978 -934 -856 -942 -949 -907
Treasury Stock		 - - - -15 -43 -43 -88 -188 -238 -276 -362
Accumulated Other Comprehensive Income / (Loss)		 -2.87 -2.30 -1.70 -2.47 -6.38 -2.81 -3.06 -13 -15 -8.14 -16

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 130,778,088.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 130,778,088.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.32
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 88.03% 16.78% -19.03% 1.29% -4.80% 6.48% 10.19% 17.99% -14.88% 2.05% 12.59%
EBITDA Growth		 191.65% 128.70% -58.27% 177.08% -191.91% 356.27% 19.01% 36.74% -124.87% 198.55% 143.58%
EBIT Growth		 54.76% 120.64% -693.54% 56.40% -532.94% 133.30% 97.53% 67.78% -160.06% 124.42% 284.57%
NOPAT Growth		 52.33% 80.70% -559.17% 61.46% -571.59% 109.44% 733.21% 65.05% -150.79% 35.11% 273.21%
Net Income Growth		 49.24% 95.20% -2,583.03% 44.75% -390.64% 101.53% 2,186.73% 76.35% -210.11% 91.31% 664.07%
EPS Growth		 51.39% 94.29% -1,950.00% 46.34% -381.82% 101.89% 1,550.00% 75.76% -213.79% 90.91% 616.67%
Operating Cash Flow Growth		 -18.86% 95.23% -67.88% 451.09% -65.81% 302.78% -11.32% 94.43% -77.74% 174.00% -18.98%
Free Cash Flow Firm Growth		 -32.01% -279.78% -213.83% 142.06% -409.26% 129.68% -30.53% 440.32% -98.91% 156.28% 67.00%
Invested Capital Growth		 -46.09% 71.91% 115.34% -33.92% 77.92% -19.29% 11.17% -48.01% -45.90% -53.07% 31.06%
Revenue Q/Q Growth		 93.02% 12.52% -55.22% 23.02% 92.57% 6.61% 0.01% 6.99% 0.00% 4.62% 2.52%
EBITDA Q/Q Growth		 96.69% 80.50% -33.77% -25.13% 4.66% 47.46% -9.32% 22.72% 0.00% 767.80% 42.03%
EBIT Q/Q Growth		 23.33% 143.26% -101.52% -170.99% -0.87% 1,779.76% -9.67% 33.58% 0.00% 150.75% 58.60%
NOPAT Q/Q Growth		 22.05% 60.24% -99.24% -149.93% -0.92% 152.15% -10.62% 31.24% 0.00% -38.17% 132.61%
Net Income Q/Q Growth		 19.56% 91.99% -67.38% -79.16% -3.39% 106.54% -9.99% 34.48% 0.00% 86.14% 158.81%
EPS Q/Q Growth		 18.60% 90.48% -70.83% -69.23% 0.00% 0.00% -13.16% 38.10% 0.00% 84.62% 181.82%
Operating Cash Flow Q/Q Growth		 33.35% 6.98% 40.10% 4.66% -31.65% 50.06% 5.85% 7.12% -54.03% 77.65% -6.87%
Free Cash Flow Firm Q/Q Growth		 8.07% -173.44% 6.05% 57.89% -7.55% -22.01% 212.91% -7.72% 0.00% -0.53% 15.43%
Invested Capital Q/Q Growth		 -15.74% 34.39% 0.49% -16.67% -5.90% 2.25% -25.21% -22.65% 0.00% -55.24% -34.94%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.53% 77.26% 54.37% 55.36% 54.62% 57.97% 56.63% 57.50% 56.47% 62.20% 61.48%
EBITDA Margin		 1.36% 2.66% 1.37% 3.75% -3.62% 8.72% 9.42% 10.91% -3.19% 3.08% 6.66%
Operating Margin		 -2.89% 0.50% -3.89% -1.48% -10.43% 3.41% 5.77% 8.25% -5.84% 1.49% 4.88%
EBIT Margin		 -2.79% 0.49% -3.62% -1.56% -10.35% 3.24% 5.81% 8.25% -5.82% 1.39% 4.76%
Profit (Net Income) Margin		 -3.50% -0.14% -4.76% -2.60% -13.38% 0.19% 3.98% 5.95% -7.69% -0.66% 3.28%
Tax Burden Percent		 113.54% -67.18% 100.31% 99.92% 105.27% 19.01% 84.82% 82.96% 110.92% -174.75% 81.83%
Interest Burden Percent		 110.28% 43.32% 131.14% 166.83% 122.75% 31.16% 80.83% 86.86% 119.10% 26.89% 84.24%
Effective Tax Rate		 0.00% 167.18% 0.00% 0.00% 0.00% 80.99% 15.18% 17.04% 0.00% 274.75% 18.17%
Return on Invested Capital (ROIC)		 -28.79% -5.84% -19.29% -6.56% -39.81% 3.25% 28.70% 59.20% -57.05% -41.29% 96.90%
ROIC Less NNEP Spread (ROIC-NNEP)		 34.61% -11.86% -122.43% -42.81% -90.72% 0.56% 20.03% 34.77% -505.50% 42.94% 134.93%
Return on Net Nonoperating Assets (RNNOA)		 -8.62% 4.22% -19.96% -16.05% -169.18% 3.22% 32.44% 16.20% -64.00% 24.85% -42.26%
Return on Equity (ROE)		 -37.40% -1.62% -39.25% -22.61% -209.00% 6.47% 61.14% 75.40% -121.05% -16.44% 54.64%
Cash Return on Invested Capital (CROIC)		 31.11% -58.73% -92.45% 34.29% -95.89% 24.60% 18.12% 122.38% 2.53% 30.94% 70.02%
Operating Return on Assets (OROA)		 -7.23% 1.44% -5.78% -2.03% -11.31% 3.29% 6.21% 9.80% -5.96% 1.45% 5.24%
Return on Assets (ROA)		 -9.06% -0.42% -7.61% -3.39% -14.61% 0.19% 4.26% 7.06% -7.87% -0.68% 3.61%
Return on Common Equity (ROCE)		 -37.40% -1.62% -39.25% -22.61% -209.00% 6.47% 61.14% 75.40% -121.05% -16.44% 54.64%
Return on Equity Simple (ROE_SIMPLE)		 -40.32% -1.39% -41.51% -22.29% -2,349.85% 3.55% 49.00% 66.87% -340.02% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -21 -4.06 -27 -10 -69 6.53 54 90 -46 -30 51
NOPAT Margin		 -2.02% -0.33% -2.72% -1.04% -7.30% 0.65% 4.89% 6.85% -4.09% -2.60% 4.00%
Net Nonoperating Expense Percent (NNEP)		 -63.40% 6.03% 103.14% 36.25% 50.90% 2.69% 8.67% 24.43% 448.45% -84.23% -38.03%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - -10.67% 18.87%
Cost of Revenue to Revenue		 23.42% 22.74% 45.63% 44.64% 45.38% 42.03% 43.37% 42.50% 43.53% 37.80% 38.52%
SG&A Expenses to Revenue		 3.62% 3.12% 5.19% 5.59% 6.43% 6.56% 6.18% 6.85% 8.95% 12.25% 9.76%
R&D to Revenue		 7.57% 7.72% 18.70% 21.10% 22.11% 19.52% 17.13% 16.33% 18.97% 19.43% 18.22%
Operating Expenses to Revenue		 28.42% 26.76% 58.25% 56.84% 65.06% 54.56% 50.86% 49.25% 62.30% 60.71% 56.59%
Earnings before Interest and Taxes (EBIT)		 -29 5.99 -36 -16 -98 33 65 108 -65 16 61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 14 32 13 37 -34 88 105 143 -36 35 86
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.94 8.08 8.18 6.62 96.65 25.83 12.92 28.78 69.13 36.45 47.79
Price to Tangible Book Value (P/TBV)		 0.00 50.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.34 0.84 0.94 0.77 0.55 1.39 1.05 2.56 1.56 2.10 3.30
Price to Earnings (P/E)		 0.72 1.68 0.00 0.00 0.00 726.67 26.36 43.04 0.00 0.00 100.51
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		 139.17% 59.60% 0.00% 0.00% 0.00% 0.14% 3.79% 2.32% 0.00% 0.00% 0.99%
Enterprise Value to Invested Capital (EV/IC)		 6.18 11.12 5.28 6.21 3.32 8.53 6.39 32.24 31.66 51.73 70.01
Enterprise Value to Revenue (EV/Rev)		 0.30 0.81 1.02 0.78 0.78 1.52 1.15 2.55 1.59 2.08 3.28
Enterprise Value to EBITDA (EV/EBITDA)		 22.38 30.26 74.09 20.81 0.00 17.41 12.19 23.37 0.00 67.53 49.17
Enterprise Value to EBIT (EV/EBIT)		 0.00 163.19 0.00 0.00 0.00 46.87 19.77 30.90 0.00 149.21 68.82
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 234.46 23.45 37.25 0.00 0.00 81.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.41 16.50 52.47 7.41 20.59 10.60 9.96 13.43 32.06 15.59 34.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.92 0.00 0.00 14.42 0.00 30.96 37.13 18.02 877.24 106.80 113.43
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.61 0.74 1.75 1.54 76.16 6.83 3.36 1.90 7.42 3.23 2.07
Long-Term Debt to Equity		 0.42 0.64 1.67 1.46 73.10 6.40 2.99 1.61 7.05 3.01 1.85
Financial Leverage		 -0.25 -0.36 0.16 0.38 1.86 5.72 1.62 0.47 0.13 0.58 -0.31
Leverage Ratio		 4.13 3.86 5.16 6.68 14.30 33.23 14.35 10.67 15.38 24.17 15.12
Compound Leverage Factor		 4.55 1.67 6.77 11.14 17.55 10.35 11.60 9.27 18.32 6.50 12.74
Debt to Total Capital		 37.91% 42.45% 63.69% 60.65% 98.70% 87.23% 77.09% 65.53% 88.12% 76.37% 67.41%
Short-Term Debt to Total Capital		 12.13% 5.62% 2.90% 3.06% 3.97% 5.56% 8.46% 10.14% 4.38% 5.14% 7.12%
Long-Term Debt to Total Capital		 25.78% 36.83% 60.79% 57.59% 94.74% 81.67% 68.63% 55.39% 83.74% 71.23% 60.29%
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		 62.09% 57.55% 36.31% 39.35% 1.30% 12.77% 22.91% 34.47% 11.88% 23.63% 32.59%
Debt to EBITDA		 3.90 2.87 14.66 4.78 -11.97 4.23 2.90 1.55 -5.27 6.04 2.14
Net Debt to EBITDA		 -2.76 -1.17 5.68 0.24 -6.33 1.42 1.04 -0.09 -0.87 -0.56 -0.33
Long-Term Debt to EBITDA		 2.65 2.49 14.00 4.54 -11.49 3.96 2.58 1.31 -5.00 5.63 1.92
Debt to NOPAT		 -2.62 -22.85 -7.39 -17.34 -5.94 56.95 5.58 2.47 -4.11 -7.16 3.57
Net Debt to NOPAT		 1.86 9.30 -2.86 -0.89 -3.14 19.16 2.01 -0.14 -0.68 0.67 -0.56
Long-Term Debt to NOPAT		 -1.78 -19.82 -7.06 -16.47 -5.70 53.32 4.97 2.09 -3.91 -6.68 3.19
Altman Z-Score		 0.37 2.35 0.57 0.53 -0.42 0.67 0.72 2.38 0.57 1.15 2.47
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		 1.08 1.40 1.19 1.24 1.04 1.07 0.98 1.00 0.90 0.91 0.93
Quick Ratio		 0.83 1.05 0.93 0.97 0.80 0.89 0.76 0.72 0.48 0.61 0.64
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 23 -41 -128 54 -167 49 34 186 2.03 22 37
Operating Cash Flow to CapEx		 570.04% 568.66% 47.12% 461.70% 235.03% 841.49% 830.54% 1,805.88% 306.20% 615.19% 440.86%
Free Cash Flow to Firm to Interest Expense		 7.33 -9.99 -9.21 4.28 -7.02 2.17 2.69 10.68 0.12 1.39 2.69
Operating Cash Flow to Interest Expense		 9.80 14.51 1.37 8.33 1.51 6.32 10.02 14.33 3.27 9.54 8.94
Operating Cash Flow Less CapEx to Interest Expense		 8.08 11.96 -1.53 6.53 0.87 5.57 8.82 13.54 2.20 7.99 6.91
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.59 2.91 1.60 1.30 1.09 1.01 1.07 1.19 1.02 1.04 1.10
Accounts Receivable Turnover		 11.94 13.91 6.44 5.15 6.38 7.23 6.53 7.17 8.23 10.55 8.81
Inventory Turnover		 4.92 6.25 8.06 6.98 6.82 8.89 11.75 8.07 4.23 3.54 5.73
Fixed Asset Turnover		 29.94 40.59 18.08 13.10 14.32 13.39 15.72 27.34 24.77 25.88 25.06
Accounts Payable Turnover		 6.87 8.86 8.36 6.29 7.54 7.82 6.68 6.06 6.44 7.47 6.45
Days Sales Outstanding (DSO)		 30.57 26.23 56.72 70.90 57.20 50.48 55.88 50.91 44.36 34.61 41.42
Days Inventory Outstanding (DIO)		 74.21 58.43 45.27 52.32 53.53 41.07 31.07 45.24 86.32 103.17 63.68
Days Payable Outstanding (DPO)		 53.11 41.17 43.64 58.05 48.42 46.70 54.66 60.23 56.71 48.86 56.59
Cash Conversion Cycle (CCC)		 51.68 43.48 58.34 65.17 62.31 44.84 32.28 35.92 73.97 88.93 48.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 51 88 189 125 223 180 200 104 56 46 60
Invested Capital Turnover		 14.24 17.46 7.09 6.33 5.45 5.02 5.86 8.65 13.96 15.89 24.25
Increase / (Decrease) in Invested Capital		 -44 37 101 -64 97 -43 20 -96 -48 -52 14
Enterprise Value (EV)		 316 978 999 777 739 1,532 1,276 3,347 1,779 2,371 4,205
Market Capitalization		 355 1,016 923 768 522 1,407 1,167 3,360 1,748 2,390 4,233
Book Value per Share		 $0.86 $1.14 $0.97 $0.98 $0.04 $0.43 $0.69 $0.91 $0.19 $0.49 $0.68
Tangible Book Value per Share		 $0.00 $0.18 ($0.89) ($0.62) ($3.28) ($2.48) ($2.62) ($2.28) ($2.92) ($2.56) ($2.39)
Total Capital		 145 218 310 295 416 427 394 339 213 278 272
Total Debt		 55 93 198 179 411 372 304 222 188 212 183
Total Long-Term Debt		 37 80 189 170 395 348 271 188 178 198 164
Net Debt		 -39 -38 77 9.14 217 125 109 -13 31 -20 -29
Capital Expenditures (CapEx)		 5.33 10 40 23 15 17 15 14 18 25 28
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -59 -33 -44 -75 -161 -191 -172 -200 -198 -270 -235
Debt-free Net Working Capital (DFNWC)		 35 98 77 95 33 56 22 35 -41 -38 -24
Net Working Capital (NWC)		 17 86 68 86 16 32 -11 0.66 -51 -53 -43
Net Nonoperating Expense (NNE)		 15 -2.31 20 16 58 4.60 10 12 40 -22 9.18
Net Nonoperating Obligations (NNO)		 -39 -38 77 9.14 217 125 109 -13 31 -20 -29
Total Depreciation and Amortization (D&A)		 43 26 49 53 64 55 40 35 29 19 24
Debt-free, Cash-free Net Working Capital to Revenue		 -5.68% -2.68% -4.48% -7.50% -16.98% -18.95% -15.49% -15.23% -17.73% -23.69% -18.33%
Debt-free Net Working Capital to Revenue		 3.37% 8.06% 7.84% 9.54% 3.47% 5.51% 2.00% 2.67% -3.70% -3.36% -1.83%
Net Working Capital to Revenue		 1.68% 7.05% 6.92% 8.63% 1.73% 3.16% -1.00% 0.05% -4.53% -4.61% -3.34%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.31) ($0.08) ($0.41) ($0.22) ($1.06) $0.02 $0.34 $0.60 ($0.66) ($0.06) $0.32
Adjusted Weighted Average Basic Shares Outstanding		 103.07M 108.27M 114.22M 117.95M 122.54M 124.02M 129.44M 129.47M 129.29M 132.33M 132.75M
Adjusted Diluted Earnings per Share		 ($0.31) ($0.08) ($0.41) ($0.22) ($1.06) $0.02 $0.33 $0.58 ($0.66) ($0.06) $0.31
Adjusted Weighted Average Diluted Shares Outstanding		 103.07M 108.27M 114.22M 117.95M 122.54M 127.67M 133.49M 133.65M 129.29M 132.33M 134.97M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($1.06) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 106.39M 113.06M 118.32M 120.78M 119.81M 129.51M 131.16M 130.04M 130.34M 132.21M 130.49M
Normalized Net Operating Profit after Tax (NOPAT)		 -13 20 17 -4.33 -31 27 62 93 -20 13 52
Normalized NOPAT Margin		 -1.20% 1.62% 1.70% -0.44% -3.31% 2.70% 5.56% 7.05% -1.81% 1.13% 4.08%
Pre Tax Income Margin		 -3.08% 0.21% -4.74% -2.60% -12.71% 1.01% 4.69% 7.17% -6.94% 0.37% 4.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -9.37 1.47 -2.55 -1.23 -4.13 1.43 5.05 6.23 -3.83 1.00 4.43
NOPAT to Interest Expense		 -6.79 -0.99 -1.92 -0.82 -2.91 0.29 4.26 5.17 -2.69 -1.86 3.72
EBIT Less CapEx to Interest Expense		 -11.09 -1.08 -5.46 -3.04 -4.78 0.68 3.84 5.44 -4.90 -0.55 2.41
NOPAT Less CapEx to Interest Expense		 -8.50 -3.54 -4.82 -2.62 -3.56 -0.47 3.05 4.38 -3.75 -3.41 1.70
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% -58.02% -23.65% 0.00% 101.59% 127.90% -58.00% -508.81% 206.56%

Quarterly Metrics And Ratios for Extreme Networks

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 134,269,540.00 130,778,088.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 134,269,540.00 130,778,088.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.08 0.14
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -6.90% -36.53% -29.47% -23.77% -5.74% 34.81% 19.62% 15.25% 13.81% 11.38% 10.28%
EBITDA Growth		 -51.63% -262.91% -181.67% -100.84% 17.06% 125.69% 106.91% 4,454.02% 0.58% 61.25% 969.99%
EBIT Growth		 -58.02% -312.58% -230.19% -114.97% 34.66% 116.09% 95.95% 298.75% -5.21% 70.91% 1,133.33%
NOPAT Growth		 -71.45% -273.95% -217.87% -110.66% 60.60% 111.45% 97.19% 329.81% 5.05% 147.63% 2,303.78%
Net Income Growth		 -77.76% -391.11% -313.17% -136.63% 85.11% 105.37% 85.60% 153.42% 6.69% 206.25% 331.22%
EPS Growth		 -76.92% -394.12% -310.53% -138.10% 100.00% 106.00% 82.50% 150.00% 0.00% 166.67% 285.71%
Operating Cash Flow Growth		 -51.52% 0.00% -80.81% -75.43% -37.09% 142.90% 429.01% -175.32% 132.84% -52.65% -11.09%
Free Cash Flow Firm Growth		 181.89% -135.20% -122.45% -85.46% -152.16% 187.70% 281.22% -13.19% 138.33% -53.94% -86.24%
Invested Capital Growth		 0.00% 8.84% -5.97% -17.70% 0.00% -29.94% -53.07% -8.02% -25.11% -9.83% 31.06%
Revenue Q/Q Growth		 -16.07% 0.00% 21.62% 0.00% 3.77% 1.84% 7.91% 1.06% 2.48% -0.33% 6.84%
EBITDA Q/Q Growth		 -63.76% 0.00% 33.35% 0.00% 5,170.36% -20.49% -82.07% 502.45% 17.13% 27.47% 18.95%
EBIT Q/Q Growth		 -72.76% 0.00% 20.80% 0.00% 345.05% -25.02% -119.94% 642.57% 16.88% 35.19% 20.54%
NOPAT Q/Q Growth		 -81.18% 0.00% 21.64% 0.00% 383.55% -46.52% -119.24% 887.81% 29.61% 26.06% 71.21%
Net Income Q/Q Growth		 -86.09% 0.00% 15.87% 0.00% 170.28% -53.16% -325.65% 171.91% 40.37% 34.46% 70.37%
EPS Q/Q Growth		 -85.71% 0.00% 20.00% 0.00% 175.00% -50.00% -333.33% 157.14% 50.00% 33.33% 62.50%
Operating Cash Flow Q/Q Growth		 -54.74% 0.00% 122.17% 19.99% 15.86% 39.20% 173.37% -117.08% 458.18% -71.69% 413.27%
Free Cash Flow Firm Q/Q Growth		 44.11% 0.00% 49.53% 0.00% -617.07% 152.92% 4.29% -69.58% 128.34% -36.41% -68.85%
Invested Capital Q/Q Growth		 -100.00% 0.00% -33.18% 0.00% 3.32% 0.87% -55.24% 97.17% -15.87% 21.45% -34.94%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 61.87% 56.82% 44.66% 62.97% 62.69% 61.65% 61.59% 60.61% 61.36% 61.71% 62.17%
EBITDA Margin		 5.28% -29.19% -14.71% -0.13% 6.55% 5.12% 0.85% 5.07% 5.79% 7.41% 8.25%
Operating Margin		 3.48% -29.60% -19.07% -1.75% 4.53% 3.65% -0.45% 3.64% 4.09% 5.47% 6.22%
EBIT Margin		 3.34% -29.43% -19.17% -2.02% 4.77% 3.51% -0.65% 3.48% 3.97% 5.39% 6.08%
Profit (Net Income) Margin		 1.35% -30.53% -21.12% -3.90% 2.64% 1.22% -2.54% 1.81% 2.48% 3.34% 5.33%
Tax Burden Percent		 56.51% 99.04% 102.76% 116.53% 73.92% 48.25% 201.84% 67.18% 75.70% 71.50% 100.75%
Interest Burden Percent		 71.31% 104.73% 107.24% 165.76% 74.94% 71.73% 194.08% 77.28% 82.36% 86.73% 86.99%
Effective Tax Rate		 43.49% 0.00% 0.00% 0.00% 26.08% 51.75% 0.00% 32.82% 24.30% 28.50% -0.75%
Return on Invested Capital (ROIC)		 0.00% 0.00% -148.05% -11.65% 67.12% 15.43% -4.99% 30.64% 42.51% 50.32% 152.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -215.13% -30.51% 59.24% 12.66% -30.99% 26.11% 29.62% 42.11% 165.21%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -90.04% -16.50% 58.17% 10.36% -17.94% 22.50% 6.12% 12.30% -51.75%
Return on Equity (ROE)		 0.00% 0.00% -238.09% -28.15% 125.29% 25.80% -22.93% 53.14% 48.63% 62.63% 100.27%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -39.15% -48.67% -342.72% 17.96% 30.94% 22.33% 44.26% 32.99% 70.02%
Operating Return on Assets (OROA)		 0.00% 0.00% -19.60% -1.93% 4.48% 3.55% -0.67% 3.72% 4.31% 6.02% 6.70%
Return on Assets (ROA)		 0.00% 0.00% -21.60% -3.73% 2.48% 1.23% -2.64% 1.93% 2.69% 3.73% 5.87%
Return on Common Equity (ROCE)		 0.00% 0.00% -238.09% -28.15% 125.29% 25.80% -22.93% 53.14% 48.63% 62.63% 100.27%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% -382.46% -237.76% -75.12% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 5.83 -44 -34 -3.30 9.36 5.01 -0.96 7.59 9.84 12 21
NOPAT Margin		 1.97% -20.72% -13.35% -1.23% 3.35% 1.76% -0.31% 2.45% 3.09% 3.91% 6.27%
Net Nonoperating Expense Percent (NNEP)		 0.00% 36.88% 67.08% 18.86% 7.88% 2.77% 26.01% 4.53% 12.90% 8.22% -13.19%
Return On Investment Capital (ROIC_SIMPLE)		 - - -13.47% - 3.44% 1.74% -0.35% 2.53% 3.32% 4.10% 7.81%
Cost of Revenue to Revenue		 38.13% 43.18% 55.34% 37.03% 37.31% 38.35% 38.41% 39.39% 38.64% 38.29% 37.83%
SG&A Expenses to Revenue		 8.56% 11.95% 9.92% 13.60% 9.33% 10.38% 15.45% 9.41% 10.88% 9.35% 9.41%
R&D to Revenue		 17.83% 25.83% 18.14% 20.23% 19.65% 19.56% 18.39% 18.62% 18.09% 18.68% 17.55%
Operating Expenses to Revenue		 58.39% 86.42% 63.73% 64.72% 58.15% 58.01% 62.04% 56.97% 57.27% 56.24% 55.95%
Earnings before Interest and Taxes (EBIT)		 9.90 -62 -49 -5.44 13 9.99 -1.99 11 13 17 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 -62 -38 -0.36 18 15 2.61 16 18 23 28
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 23.02 69.13 59.87 43.20 24.49 36.45 39.82 23.21 25.64 47.79
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)		 1.70 0.00 1.56 1.90 2.18 1.61 2.10 2.31 1.83 1.62 3.30
Price to Earnings (P/E)		 28.50 0.00 0.00 0.00 0.00 0.00 0.00 315.69 243.54 124.42 100.51
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		 3.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.32% 0.41% 0.80% 0.99%
Enterprise Value to Invested Capital (EV/IC)		 0.00 10.79 18.64 20.61 22.29 17.46 51.73 30.46 29.03 22.08 70.01
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1.63 1.96 2.23 1.64 2.08 2.33 1.81 1.63 3.28
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 67.53 53.76 43.02 33.85 49.17
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 149.21 85.64 70.18 52.90 68.82
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 208.91 159.93 92.41 81.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 13.07 32.80 0.00 0.00 20.88 15.59 23.04 14.90 15.41 34.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 80.08 106.80 130.72 56.17 63.47 113.43
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 3.57 9.06 6.88 4.31 3.01 3.23 3.37 2.08 2.83 2.07
Long-Term Debt to Equity		 0.00 3.43 8.69 6.56 4.08 2.83 3.01 2.77 1.91 2.22 1.85
Financial Leverage		 0.00 0.67 0.42 0.54 0.98 0.82 0.58 0.86 0.21 0.29 -0.31
Leverage Ratio		 0.00 12.81 15.38 15.32 21.11 15.79 24.17 21.81 15.29 14.89 15.12
Compound Leverage Factor		 0.00 13.42 16.49 25.39 15.82 11.33 46.90 16.86 12.59 12.91 13.15
Debt to Total Capital		 0.00% 78.14% 90.06% 87.31% 81.16% 75.09% 76.37% 77.10% 67.58% 73.89% 67.41%
Short-Term Debt to Total Capital		 0.00% 3.14% 3.67% 4.07% 4.32% 4.52% 5.14% 13.54% 5.68% 15.90% 7.12%
Long-Term Debt to Total Capital		 0.00% 75.00% 86.39% 83.24% 76.84% 70.57% 71.23% 63.56% 61.90% 57.99% 60.29%
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		 0.00% 21.86% 9.94% 12.69% 18.84% 24.91% 23.63% 22.90% 32.42% 26.11% 32.59%
Debt to EBITDA		 0.00 0.00 -6.43 -2.84 -2.89 -41.12 6.04 4.51 3.90 3.71 2.14
Net Debt to EBITDA		 0.00 0.00 -2.03 -0.83 -0.66 -5.83 -0.56 0.43 -0.39 0.22 -0.33
Long-Term Debt to EBITDA		 0.00 0.00 -6.17 -2.71 -2.73 -38.64 5.63 3.72 3.57 2.91 1.92
Debt to NOPAT		 0.00 0.00 -5.02 -3.04 -3.05 -10.08 -7.16 17.52 14.49 10.13 3.57
Net Debt to NOPAT		 0.00 0.00 -1.59 -0.88 -0.69 -1.43 0.67 1.65 -1.44 0.61 -0.56
Long-Term Debt to NOPAT		 0.00 0.00 -4.81 -2.90 -2.88 -9.48 -6.68 14.44 13.27 7.95 3.19
Altman Z-Score		 0.00 0.00 0.62 0.79 1.00 0.83 1.09 1.37 1.17 1.07 2.36
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		 0.00 0.96 0.90 0.91 0.93 0.93 0.91 0.91 0.95 0.91 0.93
Quick Ratio		 0.00 0.46 0.48 0.49 0.54 0.56 0.61 0.61 0.66 0.63 0.64
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 177 -56 -28 18 -92 49 51 15 35 22 6.99
Operating Cash Flow to CapEx		 606.81% 0.00% 345.04% 268.72% 398.10% 522.01% 1,232.91% -204.20% 709.47% 220.32% 961.45%
Free Cash Flow to Firm to Interest Expense		 41.38 -13.30 -6.65 4.03 -22.05 12.84 14.41 4.23 10.51 6.91 1.99
Operating Cash Flow to Interest Expense		 8.02 0.00 3.67 4.20 5.15 7.89 23.21 -3.83 14.92 4.37 20.71
Operating Cash Flow Less CapEx to Interest Expense		 6.70 0.00 2.61 2.64 3.86 6.38 21.33 -5.71 12.82 2.39 18.55
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 1.02 0.96 0.94 1.01 1.04 1.07 1.08 1.12 1.10
Accounts Receivable Turnover		 0.00 0.00 8.23 9.04 8.64 11.24 10.55 9.72 9.03 9.55 8.81
Inventory Turnover		 0.00 0.00 4.23 3.65 3.30 3.02 3.54 3.82 4.37 5.04 5.73
Fixed Asset Turnover		 0.00 0.00 24.77 25.60 27.66 25.12 25.88 28.64 28.05 26.91 25.06
Accounts Payable Turnover		 0.00 0.00 6.44 6.12 8.35 7.08 7.47 6.32 8.06 7.55 6.45
Days Sales Outstanding (DSO)		 0.00 0.00 44.36 40.40 42.23 32.49 34.61 37.55 40.40 38.23 41.42
Days Inventory Outstanding (DIO)		 0.00 0.00 86.32 100.03 110.46 120.75 103.17 95.50 83.45 72.49 63.68
Days Payable Outstanding (DPO)		 0.00 0.00 56.71 59.67 43.73 51.57 48.86 57.77 45.30 48.33 56.59
Cash Conversion Cycle (CCC)		 0.00 0.00 73.97 80.76 108.96 101.67 88.93 75.28 78.55 62.38 48.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 146 98 98 101 102 46 90 76 92 60
Invested Capital Turnover		 0.00 0.00 11.09 9.50 20.03 8.77 15.89 12.53 13.74 12.86 24.25
Increase / (Decrease) in Invested Capital		 -171 12 -6.20 -21 101 -44 -52 -7.88 -25 -10 14
Enterprise Value (EV)		 0.00 1,577 1,820 2,024 2,262 1,787 2,371 2,752 2,207 2,038 4,205
Market Capitalization		 2,286 1,496 1,748 1,959 2,212 1,756 2,390 2,730 2,226 2,025 4,233
Book Value per Share		 $0.00 $0.50 $0.19 $0.25 $0.39 $0.54 $0.49 $0.52 $0.72 $0.59 $0.68
Tangible Book Value per Share		 $0.00 ($2.64) ($2.92) ($2.86) ($2.64) ($2.49) ($2.56) ($2.55) ($2.31) ($2.41) ($2.39)
Total Capital		 0.00 297 254 258 272 288 278 299 296 302 272
Total Debt		 0.00 232 229 225 221 216 212 231 200 223 183
Total Long-Term Debt		 0.00 223 220 215 209 203 198 190 183 175 164
Net Debt		 0.00 81 72 66 50 31 -20 22 -20 13 -29
Capital Expenditures (CapEx)		 5.64 0.00 4.49 6.92 5.41 5.74 6.65 6.86 7.07 6.44 7.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -164 -198 -199 -198 -208 -270 -220 -232 -214 -235
Debt-free Net Working Capital (DFNWC)		 0.00 -13 -41 -39 -27 -22 -38 -11 -13 -3.39 -24
Net Working Capital (NWC)		 0.00 -22 -51 -50 -39 -35 -53 -52 -29 -51 -43
Net Nonoperating Expense (NNE)		 1.84 21 20 7.20 1.98 1.55 6.84 1.98 1.96 1.81 3.18
Net Nonoperating Obligations (NNO)		 0.00 81 72 66 50 31 -20 22 -20 13 -29
Total Depreciation and Amortization (D&A)		 5.74 0.51 11 5.08 4.98 4.56 4.60 4.91 5.78 6.39 7.33
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -17.73% -19.23% -19.43% -19.07% -23.69% -18.63% -19.05% -17.05% -18.33%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% -3.70% -3.79% -2.68% -2.05% -3.36% -0.94% -1.03% -0.27% -1.83%
Net Working Capital to Revenue		 0.00% 0.00% -4.53% -4.80% -3.83% -3.25% -4.61% -4.37% -2.41% -4.11% -3.34%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.50) ($0.41) ($0.08) $0.06 $0.03 ($0.07) $0.04 $0.06 $0.08 $0.14
Adjusted Weighted Average Basic Shares Outstanding		 0.00 129.30M 129.29M 131.18M 132.38M 132.98M 132.33M 132.97M 133.91M 132.93M 132.75M
Adjusted Diluted Earnings per Share		 $0.00 ($0.50) ($0.40) ($0.08) $0.06 $0.03 ($0.07) $0.04 $0.06 $0.08 $0.13
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 129.30M 129.29M 131.18M 134.11M 134.59M 132.33M 135.07M 135.17M 133.59M 134.97M
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		 0.00 129.95M 130.34M 132.13M 132.76M 133.17M 132.21M 133.72M 134.27M 130.78M 130.49M
Normalized Net Operating Profit after Tax (NOPAT)		 11 -34 -27 -2.41 10 6.96 -1.23 7.84 9.96 12 15
Normalized NOPAT Margin		 3.72% -15.94% -10.62% -0.89% 3.63% 2.44% -0.40% 2.53% 3.13% 3.91% 4.51%
Pre Tax Income Margin		 2.38% -30.82% -20.55% -3.35% 3.57% 2.52% -1.26% 2.69% 3.27% 4.67% 5.29%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.32 -14.86 -11.66 -1.23 3.19 2.63 -0.56 2.96 3.76 5.26 5.85
NOPAT to Interest Expense		 1.37 -10.46 -8.12 -0.75 2.24 1.32 -0.27 2.08 2.93 3.82 6.03
EBIT Less CapEx to Interest Expense		 1.00 0.00 -12.72 -2.79 1.89 1.12 -2.45 1.08 1.66 3.27 3.70
NOPAT Less CapEx to Interest Expense		 0.04 0.00 -9.18 -2.31 0.95 -0.19 -2.16 0.20 0.82 1.83 3.88
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		 124.54% 0.00% -58.00% -19.95% 0.00% -24.13% -508.81% 578.09% 546.85% 534.55% 206.56%

Financials Breakdown Chart

Key Financial Trends

Extreme Networks (NASDAQ:EXTR) has continued its recovery from the sharp downturn reported in fiscal 2024. Quarterly revenue increased from $285.5 million in Q3 fiscal 2022 to $338.5 million in Q4 fiscal 2026, although revenue remains below the $363.9 million recorded in Q4 fiscal 2023. The latest quarter showed stronger momentum, with revenue up approximately 6.8% from Q3 fiscal 2026 and 10.3% from Q4 fiscal 2025.

Profitability has improved substantially. Gross profit reached $210.5 million in Q4 fiscal 2026, representing a gross margin of approximately 62.2%, compared with just 44.7% in Q4 fiscal 2024. Operating income rose to $21.1 million, or 6.2% of revenue, while net income increased to $18.0 million, or $0.13 per diluted share. This compares with a $54.2 million net loss and a $0.40 diluted loss per share in Q4 fiscal 2024.

Cash generation has been uneven but generally positive over the broader period. Operating cash flow was $72.8 million in Q4 fiscal 2026, following $14.2 million in Q3 and $50.1 million in Q2. However, the company also reported a $14.0 million operating cash outflow in Q1 fiscal 2026, highlighting the impact of working-capital swings. Extreme Networks used $63.7 million in financing cash during the latest quarter, including $33.8 million of debt repayment and $25.0 million of share repurchases.

The balance sheet has improved in some areas, but financial flexibility remains an important consideration. Cash and equivalents were $210.1 million at March 31, 2026, while total debt and capital lease obligations were approximately $223.5 million. Shareholders’ equity increased from $32.7 million at September 30, 2024, to $79.0 million at March 31, 2026, although aggressive repurchases have reduced treasury-stock balances and contributed to quarter-to-quarter volatility in equity.

  • Revenue recovery: Q4 fiscal 2026 revenue of $338.5 million was the highest quarterly level in the supplied fiscal 2026 data and was up from $256.7 million in Q4 fiscal 2024.
  • Significant margin improvement: Gross margin expanded to approximately 62.2% in Q4 fiscal 2026 from 44.7% in Q4 fiscal 2024, indicating a substantial recovery in product mix or pricing economics.
  • Return to consistent profitability: Extreme Networks reported four consecutive profitable quarters in fiscal 2026, with net income rising from $5.6 million in Q1 to $18.0 million in Q4.
  • Strong latest-quarter operating cash flow: Operating cash flow reached $72.8 million in Q4 fiscal 2026, providing funds for debt reduction, capital spending and repurchases.
  • Debt reduction: Total debt and capital lease obligations declined from approximately $255.5 million at September 30, 2024, to about $223.5 million at March 31, 2026.
  • Lower restructuring burden: The Q4 fiscal 2026 restructuring charge was $0.7 million, well below the $10.0 million charge recorded in Q4 fiscal 2024.
  • Working-capital volatility: Operating cash flow ranged from a $14.0 million outflow in Q1 fiscal 2026 to a $72.8 million inflow in Q4, so recent cash strength may not be representative of every quarter.
  • Deferred revenue concentration: Current and noncurrent deferred revenue totaled approximately $647.1 million at March 31, 2026. This supports future revenue recognition but also creates execution and renewal expectations for the company.
  • Heavy operating expense base: Marketing and research-and-development expenses totaled $156.4 million in Q4 fiscal 2026, or approximately 46% of revenue, limiting operating leverage despite the improved gross margin.
  • Capital allocation pressure: The company spent $25.0 million on share repurchases in Q4 fiscal 2026 while also repaying $33.8 million of debt, contributing to a $68.4 million quarterly decline in cash and equivalents.

Overall, the statements point to a meaningful operational turnaround: revenue is recovering, gross margins are much stronger, and Extreme Networks has returned to profitability. Investors should nonetheless monitor whether operating cash flow remains durable, whether the company can reduce debt without relying on continued cash drawdowns, and whether revenue growth can offset the substantial marketing and research-and-development cost structure.

08/23/26 06:55 PM ETAI Generated. May Contain Errors.

Extreme Networks Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Extreme Networks' fiscal year ends in June. Their fiscal year 2026 ended on June 30, 2026.

Extreme Networks' net income appears to be on a downward trend, with a most recent value of $42.12 million in 2026, falling from -$36.36 million in 2016. The previous period was -$7.47 million in 2025. See where experts think Extreme Networks is headed by visiting Extreme Networks' forecast page.

Extreme Networks' total operating income in 2026 was $62.70 million, based on the following breakdown:
  • Total Gross Profit: $789.14 million
  • Total Operating Expenses: $726.45 million

Over the last 10 years, Extreme Networks' total revenue changed from $1.04 billion in 2016 to $1.28 billion in 2026, a change of 23.5%.

Extreme Networks' total liabilities were at $1.09 billion at the end of 2026, a 0.1% increase from 2025, and a 283.2% increase since 2016.

In the past 10 years, Extreme Networks' cash and equivalents has ranged from $94.12 million in 2016 to $246.89 million in 2021, and is currently $211.76 million as of their latest financial filing in 2026.

Over the last 10 years, Extreme Networks' book value per share changed from 0.86 in 2016 to 0.68 in 2026, a change of -21.3%.


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Financial statements for NASDAQ:EXTR last updated on 8/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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