Filing Flows › Netgear (NTGR) › Q1 2025
Netgear (NTGR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Netgear (NTGR) reported revenue of $162M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -11% from the quarter before. Operating margin was -7.9%, net loss $6.0M (3.7% of revenue).
Netgear, Q1 2025: revenue $162M (-2% year over year), operating margin -7.9%, net loss $6.0M, operating cash flow −$8.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $162M | -11% | -2% |
| Operating profit | −$12.8M | — | — |
| Net earnings | −$6.0M | — | — |
| Operating cash flow | −$8.7M | — | — |
What changed
Revenue was $162.1M in Q1 2025, down 2% year over year and down 11% from the previous quarter. Netgear for Business was the largest line at 49% of revenue. Mobile lost $7.3M year over year (down 25%), 287% of the total change.
Gross margin was 34.8%, up 5.4 points from a year earlier. Operating costs exceeded revenue by $12.8M, an operating margin of -7.9%. Operating expenses fell 1% while revenue fell 2%. The fastest-growing cost line was Other operating costs (+343%). The quarter ended with a net loss of $6.0M, narrower than the previous quarter's $8.9M loss. Non-operating items added $8.2M, -177% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$8.7M. Non-cash charges added back $1.7M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items used $9.9M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$10.1M.
Questions
What was Netgear's revenue in the first quarter 2025?
Netgear (NTGR) reported revenue of $162M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -11% from the quarter before.
Was Netgear profitable in the first quarter 2025?
Operating loss was $12.8M (-7.9% of revenue) and net loss $6.0M.
Source: Netgear 10-Q on SEC EDGAR.