Extreme Networks, Inc.
18.01-3.26 (-15.3%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · EXTR · USD
Key Stats
Market Cap
2.41BP/E (TTM)
300.17Basic EPS (TTM)
0.06Dividend Yield
0%Recent Filings
8-K
10-K
FY2025 results
Extreme Networks posted FY2025 net revenues of $1.14B, up 2% y/y, with product sales edging 0.7% higher to $704M on stronger H2 bookings amid easing sales cycles, while subscription and support grew 4.2% to $436M from cloud adoption. Q4 accelerated the momentum, delivering sequential revenue gains and margin expansion to 62.2% overall—up from 56.5%—thanks to lower inventory provisions and warranty costs, though operating expenses rose on litigation and system transitions. Cash from operations surged to $152M, bolstering liquidity to $232M in cash equivalents, with $180M in debt and $135M revolver availability; share repurchases totaled $38M in Q4 under the expiring program. No annual guidance was disclosed in the 10-K. Intense competition from Cisco and HPE could erode quarterly momentum if market share slips.
8-K
Q4 revenue surges 20% YoY
Extreme Networks reported Q4 revenue of $307 million, up 19.6% year-over-year, fueled by 24.4% growth in SaaS ARR to $207.6 million and five straight quarters of sequential gains. Subscription model traction boosted global wins in EMEA and APAC, while AI platform Platform ONE launched to enhance networking automation. Fiscal 2026 outlook targets $1.228-$1.238 billion revenue. Momentum builds, yet litigation charges linger.
10-Q
Q3 FY2025 results
Extreme Networks swung to profitability in Q3 FY2025 ended March 31, 2025, with net revenues climbing 34.8% y/y to $284.5M, driven by product sales surging 67.3% y/y to $178.1M while subscription and support edged up 1.8% y/y to $106.4M; gross margin expanded to 61.7% from 56.8% y/y, fueled by higher volumes and lower inventory reserves. Operating income flipped to $10.4M from a $62.5M loss y/y, thanks to 9.0% y/y cuts in sales and marketing plus a $14.9M restructuring benefit, though YTD revenues dipped 3.2% y/y to $833.1M with operating income at $18.3M versus a $16.3M loss. Diluted EPS of $0.03 reconciles to 134.6M shares; cash from operations hit $70.1M YTD, lifting cash to $185.5M, while total debt fell to $180.3M under the Amended Credit Agreement (6.41% rate) with $135.8M revolver availability and no covenant breaches. Free cash flow reached $52.0M YTD (derived). Ongoing securities litigation poses a distraction.
8-K
Q3 revenue jumps 34.8%
Extreme Networks reported Q3 fiscal 2025 revenue of $285 million, surging 34.8% year-over-year amid enterprise networking recovery and fourth straight quarter of sequential growth. Strong execution boosted non-GAAP EPS to $0.21 and generated $24.2 million in free cash flow, while SaaS ARR hit $184 million, up 13.4%. Momentum builds. The company eyes Q4 revenue of $295-305 million, signaling full-year growth.
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