Filing Flows › Netgear (NTGR) › Q3 2025
Netgear (NTGR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Netgear (NTGR) reported revenue of $185M for the third quarter 2025 (Q3 2025), +0.9% from a year earlier and +8% from the quarter before. Operating margin was -3.8%, net loss $4.8M (2.6% of revenue).
Netgear, Q3 2025: revenue $185M (+0.9% year over year), operating margin -3.8%, net loss $4.8M, operating cash flow −$7.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $185M | +8% | +0.9% |
| Operating profit | −$7.1M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | −$7.4M | — | — |
What changed
Revenue was $184.6M in Q3 2025, up 1% year over year and up 8% from the previous quarter. Enterprise was the largest line at 49% of revenue. Enterprise added $12.3M year over year (up 16%), 721% of the total change. Mobile declined 21%.
Gross margin was 39.1%, up 8.3 points from a year earlier. Operating costs exceeded revenue by $7.1M, an operating margin of -3.8%. The quarter ended with a net loss of $4.8M, narrower than the previous quarter's $6.4M loss. Non-operating items added $3.0M, -75% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$7.4M. Non-cash charges added back $1.8M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items used $13.2M. Capital expenditures of $9.7M exceeded it, leaving free cash flow of −$17.1M.
Questions
What was Netgear's revenue in the third quarter 2025?
Netgear (NTGR) reported revenue of $185M for the third quarter 2025 (Q3 2025), +0.9% from a year earlier and +8% from the quarter before.
Was Netgear profitable in the third quarter 2025?
Operating loss was $7.1M (-3.8% of revenue) and net loss $4.8M.
Source: Netgear 10-Q on SEC EDGAR.