Newegg Commerce, Inc.

NEGG Nasdaq Retail-Retail Stores, Nec Financials FY2016–FY2025

Newegg Commerce, Inc. had $1.4B of revenue in fiscal 2025, up 16.9% on the year before. Over five years, revenue changed −7.3% a year on average.

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Today: 0.6%
Previous close: $9.78
Market cap: $0.2M
P/E: —

Day range: $9.58 $10.06
52-week range: $9.47 $92.64

Last close · Oct 30, 2026

$9.84

−$71.16 (−87.85%) past year

Earnings calendar · Newegg Commerce, Inc.

Every quarter, companies publish how much they sold and earned. These are the days Newegg Commerce, Inc. did it, and the next one. Share prices often move a lot on those days.

Next results

April 27, 2027

Tuesday · in 177 days

Time: After the market closes
Covers: Period ended Dec 31, 2026
Source: Stoqly estimate

Estimated from the same quarter last year. It will be replaced by the announced date once there is one.

See who else reports that week →

Date	Results for	Time	Source
Apr 28, 2026	Period ended Dec 31, 2025	After the market closes	20-F ↗
Apr 28, 2025	Period ended Dec 31, 2024	After the market closes	20-F ↗
Apr 24, 2024	Period ended Dec 31, 2023	After the market closes	20-F ↗
Apr 27, 2023	Period ended Dec 31, 2022	After the market closes	20-F ↗
Apr 28, 2022	Period ended Dec 31, 2021	After the market closes	20-F ↗
Mar 31, 2021	Period ended Dec 31, 2020	During market hours	20-F ↗
May 15, 2020	Period ended Dec 31, 2019	After the market closes	20-F ↗
May 15, 2019	Period ended Dec 31, 2018	Before the market opens	20-F ↗

From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.

KIRA’s summary AI analyst

Hi! I read Newegg Commerce, Inc.’s latest annual report (fiscal 2025). Here is what stands out:

2 strengths 2 to watch

1.Sales and profit

See section →

Newegg Commerce, Inc. had $1.4B of revenue in fiscal 2025, up 16.9% on the year before. Over five years, revenue changed −7.3% a year on average.
Its operating margin was −0.7%, up 3.5 pts: of every 100 in sales, about −1 is left after running the business.
Newegg Commerce, Inc. lost $4.9M in fiscal 2025.

2.Cash and shareholders

See section →

Free cash flow was −$29.7M in fiscal 2025, −2.1% of revenue. At that burn of $29.7M a year, its $108M of cash and short-term investments would last about 3.6 years.
In the last 12 months, insiders sold $11.9M of shares on the open market and bought none.

3.Financial health

See section →

Newegg Commerce, Inc. passes 4 of 8 financial health tests (Piotroski F-score).

Newegg Commerce, Inc. in 30 seconds

Good So-so Weak

Are sales growing?

+16.9%

Yes. Sales grew 16.9% last year.

Does it make a profit?

−0.3%

No. It lost money last year.

How long would its cash last?

3.6 yrs

Comfortably. It burns $29.7M a year and holds $108M, about 3.6 years at that pace.

How healthy are the accounts?

4 / 8

Mixed. It passes 4 of 8 health tests.

How is the share priced?

—

No P/E: it made no profit over the last four quarters.

Rules of thumb on reported numbers. A starting point, not a recommendation.

Key numbers, fiscal 2025

Market cap

$0.2M

Oct 30 close

P/E

—

On −$0.24 EPS (TTM)

Charts by

Sales and profit

Is it selling more, and how much does it keep?

Revenue and margins

KIRA summarises the numbers

Newegg Commerce, Inc. had $1.4B of revenue in fiscal 2025, up 16.9% on the year before.

Over five years, revenue changed −7.3% a year on average.
Its operating margin was −0.7%, up 3.5 pts: of every 100 in sales, about −1 is left after running the business.

Revenue

FY16

Revenue $13.1M

FY17

Revenue $0.9M

FY18

Revenue $0.6M

FY19

Revenue $1.5B

FY20

Revenue $2.1B

FY21

Revenue $2.4B

FY22

Revenue $1.7B

FY23

Revenue $1.5B

FY24

Revenue $1.2B

FY25

Revenue $1.4B

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Revenue

Q2 '10

Revenue $4.8M

Q3 '10

Revenue $5.5M

Q4 '10

Revenue $6.7M

Q1 '11

Revenue $3.0M

Q2 '11

Revenue $7.7M

Q3 '11

Revenue $5.7M

Q4 '11

Revenue $5.3M

Q1 '12

Revenue $3.3M

Q2 '12

Revenue $7.0M

Q3 '12

Revenue $5.5M

Q4 '12

Revenue $5.5M

Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12

Margins, % of revenue

FY16

Gross −31.5%

Operating −69.5%

Net −74.5%

FCF —

FY17

Gross −87.8%

Operating −573.5%

Net −582.4%

FCF —

FY18

Gross −35.5%

Operating −1,655.5%

Net −1,592.8%

FCF —

FY19

Gross 10.7%

Operating −2.3%

Net 1.1%

FCF −1.3%

FY20

Gross 12.9%

Operating 1.1%

Net −1.4%

FCF 3.7%

FY21

Gross 13.7%

Operating 1.4%

Net 1.5%

FCF −2.8%

FY22

Gross 12.6%

Operating −2.9%

Net −3.3%

FCF 0.7%

FY23

Gross 11.2%

Operating −4.7%

Net −3.9%

FCF −2.3%

FY24

Gross 10.6%

Operating −4.2%

Net −3.5%

FCF −0.4%

FY25

Gross 11.7%

Operating −0.7%

Net −0.3%

FCF −2.1%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Gross Operating Net FCF

Margins, % of revenue

Q2 '10

Gross 39.7%

Operating 28.1%

Net 23.6%

FCF —

Q3 '10

Gross 41.4%

Operating 29.4%

Net 25.8%

FCF —

Q4 '10

Gross 36.9%

Operating 22.8%

Net 22.1%

FCF —

Q1 '11

Gross 33.8%

Operating 10.1%

Net 7.0%

FCF —

Q2 '11

Gross 36.8%

Operating 25.0%

Net 22.5%

FCF —

Q3 '11

Gross 42.5%

Operating 29.2%

Net 24.2%

FCF —

Q4 '11

Gross 31.9%

Operating −5.1%

Net −4.2%

FCF —

Q1 '12

Gross 37.4%

Operating 13.7%

Net 3.8%

FCF —

Q2 '12

Gross 39.2%

Operating 27.6%

Net 24.2%

FCF —

Q3 '12

Gross 37.4%

Operating 25.5%

Net 18.7%

FCF —

Q4 '12

Gross 37.3%

Operating 10.7%

Net 6.4%

FCF —

Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12

Gross Operating Net FCF

In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).

Net income and earnings per share

Loss periods are shown in red.

KIRA summarises the numbers

Newegg Commerce, Inc. lost $4.9M in fiscal 2025.

Net income

FY16

Net income −$9.7M

FY17

Net income −$5.1M

FY18

Net income −$8.9M

FY19

Net income $17.0M

FY20

Net income −$30.4M

FY21

Net income $36.3M

FY22

Net income −$57.4M

FY23

Net income −$59.0M

FY24

Net income −$43.3M

FY25

Net income −$4.9M

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Net income

Q2 '10

Net income $1.1M

Q3 '10

Net income $1.4M

Q4 '10

Net income $1.5M

Q1 '11

Net income $0.2M

Q2 '11

Net income $1.7M

Q3 '11

Net income $1.4M

Q4 '11

Net income −$0.2M

Q1 '12

Net income $0.1M

Q2 '12

Net income $1.7M

Q3 '12

Net income $1.0M

Q4 '12

Net income $0.4M

Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12

Diluted EPS

FY16

Diluted EPS −$0.93

FY17

Diluted EPS −$0.30

FY18

Diluted EPS −$0.51

FY19

Diluted EPS −$0.05

FY20

Diluted EPS $0.08

FY21

Diluted EPS $0.08

FY22

Diluted EPS −$3.08

FY23

Diluted EPS −$3.12

FY24

Diluted EPS −$2.25

FY25

Diluted EPS −$0.24

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Diluted EPS

Q2 '10

Diluted EPS $0.27

Q3 '10

Diluted EPS $0.30

Q4 '10

Diluted EPS —

Q1 '11

Diluted EPS $0.04

Q2 '11

Diluted EPS $0.39

Q3 '11

Diluted EPS $0.31

Q4 '11

Diluted EPS −$0.05

Q1 '12

Diluted EPS $0.03

Q2 '12

Diluted EPS $0.36

Q3 '12

Diluted EPS $0.22

Q4 '12

Diluted EPS $0.09

Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12

In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.

Cash and shareholders

How much cash comes in, and where does it go?

Cash flow

Cash from operations minus capital spending.

KIRA summarises the numbers

Free cash flow was −$29.7M in fiscal 2025, −2.1% of revenue.

At that burn of $29.7M a year, its $108M of cash and short-term investments would last about 3.6 years.

Free cash flow

FY16

Free cash flow —

FY17

Free cash flow —

FY18

Free cash flow —

FY19

Free cash flow −$20.4M

FY20

Free cash flow $78.4M

FY21

Free cash flow −$67.1M

FY22

Free cash flow $11.3M

FY23

Free cash flow −$34.1M

FY24

Free cash flow −$4.4M

FY25

Free cash flow −$29.7M

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Cash from operations vs capital spending

FY16

Cash from operations −$2.8M

Capital spending —

FY17

Cash from operations −$5.4M

Capital spending —

FY18

Cash from operations −$3.6M

Capital spending —

FY19

Cash from operations −$10.1M

Capital spending $10.3M

FY20

Cash from operations $84.5M

Capital spending $6.2M

FY21

Cash from operations −$53.3M

Capital spending $13.8M

FY22

Cash from operations $20.5M

Capital spending $9.2M

FY23

Cash from operations −$3.8M

Capital spending $30.3M

FY24

Cash from operations −$0.8M

Capital spending $3.6M

FY25

Cash from operations −$27.0M

Capital spending $2.7M

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Cash from operations Capital spending

Cash from operations vs capital spending

Q2 '10

Cash from operations —

Capital spending —

Q3 '10

Cash from operations −$1.1M

Capital spending —

Q4 '10

Cash from operations $0.7M

Capital spending —

Q1 '11

Cash from operations −$2.1M

Capital spending —

Q2 '11

Cash from operations −$1.2M

Capital spending —

Q3 '11

Cash from operations −$0.7M

Capital spending —

Q4 '11

Cash from operations $0.9M

Capital spending —

Q1 '12

Cash from operations −$1.6M

Capital spending —

Q2 '12

Cash from operations $0.8M

Capital spending —

Q3 '12

Cash from operations $2.2M

Capital spending —

Q4 '12

Cash from operations $0.3M

Capital spending —

Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12

Cash from operations Capital spending

In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.

Dividends, buybacks and share count

Dividends and buybacks

FY16

Dividends —

Buybacks —

FY17

Dividends —

Buybacks —

FY18

Dividends —

Buybacks —

FY19

Dividends —

Buybacks —

FY20

Dividends —

Buybacks —

FY21

Dividends —

Buybacks —

FY22

Dividends —

Buybacks —

FY23

Dividends —

Buybacks —

FY24

Dividends —

Buybacks $3.5M

FY25

Dividends —

Buybacks —

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Dividends Buybacks

Diluted shares outstanding (annual)

FY16

Diluted shares 0.01B

FY17

Diluted shares 0.02B

FY18

Diluted shares 0.02B

FY19

Diluted shares 0.36B

FY20

Diluted shares 0.39B

FY21

Diluted shares 0.00B

FY22

Diluted shares 0.00B

FY23

Diluted shares 0.00B

FY24

Diluted shares 0.00B

FY25

Diluted shares 0.00B

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.

KIRA summarises the numbers

In the last 12 months, insiders sold $11.9M of shares on the open market and bought none.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$11.9M

3 insiders

Of sales under plans

$0.0M

Date	Insider	Trade	Shares	Price	Value	Filing
Oct 29, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$9.91	$0.0M	Form 4
Oct 28, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$9.78	$0.0M	Form 4
Oct 27, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$9.69	$0.0M	Form 4
Oct 26, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$9.49	$0.0M	Form 4
Oct 23, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$9.85	$0.0M	Form 4
Oct 22, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$10.25	$0.0M	Form 4
Oct 21, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$10.65	$0.0M	Form 4
Oct 20, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$10.67	$0.0M	Form 4
Oct 19, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$10.71	$0.0M	Form 4
Oct 16, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.13	$0.0M	Form 4
Oct 15, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.05	$0.0M	Form 4
Oct 14, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$10.64	$0.0M	Form 4
Oct 13, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$10.98	$0.0M	Form 4
Oct 12, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.31	$0.0M	Form 4
Oct 9, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.63	$0.0M	Form 4
Oct 8, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.65	$0.0M	Form 4
Oct 7, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.83	$0.0M	Form 4
Oct 6, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.97	$0.0M	Form 4
Oct 5, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.82	$0.0M	Form 4
Oct 2, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$11.89	$0.0M	Form 4
Oct 1, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$12.31	$0.0M	Form 4
Oct 1, 2026	Michael ChenChief Legal Officer	Sold plan	67	$13.20	$0.0M	Form 4
Sep 30, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$13.18	$0.0M	Form 4
Sep 29, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$13.05	$0.0M	Form 4
Sep 28, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$13.13	$0.0M	Form 4
Sep 25, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$13.66	$0.0M	Form 4
Sep 24, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$14.07	$0.1M	Form 4
Sep 23, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$14.32	$0.1M	Form 4
Sep 22, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$14.37	$0.1M	Form 4
Sep 21, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$13.79	$0.0M	Form 4
Sep 18, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$13.54	$0.0M	Form 4
Sep 17, 2026	Fred Faching ChangDirector, 10% owner	Sold	28,500	$13.05	$0.4M	Form 4
Sep 16, 2026	Fred Faching ChangDirector, 10% owner	Sold	23,582	$13.18	$0.3M	Form 4
Sep 15, 2026	Fred Faching ChangDirector, 10% owner	Sold	23,582	$13.38	$0.3M	Form 4
Sep 14, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$14.49	$0.1M	Form 4
Sep 11, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$14.66	$0.1M	Form 4
Sep 10, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$14.47	$0.1M	Form 4
Sep 9, 2026	Fred Faching ChangDirector, 10% owner	Sold	12,564	$15.13	$0.2M	Form 4
Sep 8, 2026	Fred Faching ChangDirector, 10% owner	Sold	13,582	$15.18	$0.2M	Form 4
Sep 4, 2026	Fred Faching ChangDirector, 10% owner	Sold	13,582	$15.62	$0.2M	Form 4
Sep 3, 2026	Zhitao HeDirector, 10% owner	Sold	39,414	$16.50	$0.7M	Form 4
Sep 3, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$16.40	$0.1M	Form 4
Sep 2, 2026	Fred Faching ChangDirector, 10% owner	Sold	23,582	$16.77	$0.4M	Form 4
Sep 1, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,582	$15.87	$0.1M	Form 4
Sep 1, 2026	Michael ChenChief Legal Officer	Sold plan	67	$16.28	$0.0M	Form 4
Aug 3, 2026	Michael ChenChief Legal Officer	Sold plan	67	$12.74	$0.0M	Form 4
Jul 1, 2026	Michael ChenChief Legal Officer	Sold plan	67	$16.38	$0.0M	Form 4
Jun 3, 2026	Fred Faching ChangDirector, 10% owner	Sold	18,539	$20.00	$0.4M	Form 4
Jun 2, 2026	Fred Faching ChangDirector, 10% owner	Sold	11,091	$20.19	$0.2M	Form 4
Jun 1, 2026	Michael ChenChief Legal Officer	Sold plan	67	$18.18	$0.0M	Form 4
Jun 1, 2026	Fred Faching ChangDirector, 10% owner	Sold	2,583	$17.58	$0.0M	Form 4
May 29, 2026	Fred Faching ChangDirector, 10% owner	Sold	10,000	$17.51	$0.2M	Form 4
May 28, 2026	Fred Faching ChangDirector, 10% owner	Sold	10,000	$17.91	$0.2M	Form 4
May 27, 2026	Fred Faching ChangDirector, 10% owner	Sold	10,000	$18.80	$0.2M	Form 4
May 26, 2026	Fred Faching ChangDirector, 10% owner	Sold	10,000	$20.43	$0.2M	Form 4
May 22, 2026	Fred Faching ChangDirector, 10% owner	Sold	10,000	$20.14	$0.2M	Form 4
May 21, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$19.40	$0.4M	Form 4
May 20, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$20.08	$0.4M	Form 4
May 19, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$19.09	$0.4M	Form 4
May 18, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$19.66	$0.4M	Form 4
May 15, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$20.87	$0.4M	Form 4
May 14, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$22.52	$0.5M	Form 4
May 13, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$23.05	$0.5M	Form 4
May 12, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$23.66	$0.5M	Form 4
May 11, 2026	Fred Faching ChangDirector, 10% owner	Sold	6,944	$25.41	$0.2M	Form 4
May 8, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$26.25	$0.5M	Form 4
May 7, 2026	Fred Faching ChangDirector, 10% owner	Sold	6,483	$30.25	$0.2M	Form 4
May 6, 2026	Fred Faching ChangDirector, 10% owner	Sold	703	$32.29	$0.0M	Form 4
May 5, 2026	Fred Faching ChangDirector, 10% owner	Sold	3,657	$30.10	$0.1M	Form 4
May 4, 2026	Fred Faching ChangDirector, 10% owner	Sold	15,000	$31.88	$0.5M	Form 4
May 1, 2026	Michael ChenChief Legal Officer	Sold plan	67	$35.00	$0.0M	Form 4
May 1, 2026	Fred Faching ChangDirector, 10% owner	Sold	15,000	$33.94	$0.5M	Form 4
Apr 30, 2026	Fred Faching ChangDirector, 10% owner	Sold	20,000	$34.53	$0.7M	Form 4
Mar 31, 2026	Michael ChenChief Legal Officer	Sold plan	67	$41.06	$0.0M	Form 4

In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.

Financial health

Can it carry its debts, and how well does it use its money?

Balance sheet

Cash, debt and the ratios that show how comfortably Newegg Commerce, Inc. can carry it.

Cash vs debt (incl. leases)

FY16

Cash $10.8M

Debt —

FY17

Cash $6.8M

Debt $1.5M

FY18

Cash $0.5M

Debt —

FY19

Cash $0.0M

Debt $1.2M

FY20

Cash $1.8M

Debt $4.2M

FY21

Cash $100.0M

Debt $2.1M

FY22

Cash $123M

Debt $1.7M

FY23

Cash $103M

Debt $1.4M

FY24

Cash $96.3M

Debt —

FY25

Cash $108M

Debt —

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Cash Debt

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	$100.0M	$123M	$103M	$96.3M	$108M
Debt incl. finance leases	$2.1M	$1.7M	$1.4M	—	—
Net debt / EBITDA	−2.2x	—	—	—	—
Debt / equity	0.0x	0.0x	0.0x	—	—
Interest coverage	54.8x	−72.3x	−28.0x	−54.2x	−9.5x
Current ratio	1.2x	1.3x	1.2x	1.2x	1.4x
Quick ratio	0.5x	0.8x	0.7x	0.8x	0.8x
Total assets	$627M	$542M	$499M	$407M	$469M
Total liabilities	$444M	$387M	$370M	$301M	$308M
Shareholders' equity	$182M	$155M	$129M	$106M	$161M
Net debt (− = net cash)	−$97.9M	−$121M	−$101M	—	—

In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)

FY16

Return on capital —

Return on equity −69.8%

Return on assets −58.8%

FY17

Return on capital −68.0%

Return on equity −40.9%

Return on assets −32.0%

FY18

Return on capital —

Return on equity —

Return on assets −83.8%

FY19

Return on capital −30.5%

Return on equity 118.4%

Return on assets 423.0%

FY20

Return on capital 14.2%

Return on equity −27.7%

Return on assets −10.9%

FY21

Return on capital 39.7%

Return on equity 23.4%

Return on assets 6.1%

FY22

Return on capital −114.0%

Return on equity −34.0%

Return on assets −9.8%

FY23

Return on capital −198.7%

Return on equity −41.5%

Return on assets −11.3%

FY24

Return on capital —

Return on equity −36.8%

Return on assets −9.6%

FY25

Return on capital —

Return on equity −3.7%

Return on assets −1.1%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Return on capital Return on equity Return on assets

In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

KIRA summarises the numbers

Newegg Commerce, Inc. passes 4 of 8 financial health tests (Piotroski F-score).

Test	FY21	FY22	FY23	FY24	FY25
F-score	6 / 9	5 / 9	2 / 9	4 / 8	4 / 8
Accruals ratio	15.1%	−13.3%	−10.6%	−9.4%	5.0%
Altman Z''	1.58	0.36	−0.81	−1.23	0.62
Net income is positive	✓	✕	✕	✕	✕
Cash from operations is positive	✕	✓	✕	✕	✕
Return on assets rose	✓	✕	✕	✓	✓
Cash from operations exceeds net income	✕	✓	✓	✓	✕
Debt fell relative to assets	✓	✓	✓	—	—
Current ratio rose	✓	✓	✕	✓	✓
Share count didn't rise	✓	✓	✕	✕	✕
Gross margin rose	✓	✕	✕	✕	✓
Revenue rose relative to assets	✕	✕	✕	✓	✓

In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.

All figures

Every number, year by year.

10 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

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See the figures for 10 years

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	$13.1M	$0.9M	$0.6M	$1.5B	$2.1B	$2.4B	$1.7B	$1.5B	$1.2B	$1.4B
Gross profit	−$4.1M	−$0.8M	−$0.2M	$165M	$274M	$326M	$217M	$168M	$131M	$168M
Operating income	−$9.1M	−$5.1M	−$9.3M	−$36.0M	$23.4M	$33.5M	−$49.5M	−$71.1M	−$51.6M	−$9.5M
Interest expense	$0.0M	—	—	$2.9M	$0.7M	$0.6M	$0.7M	$2.5M	$1.0M	$1.0M
Pretax income	−$9.7M	−$5.1M	−$8.9M	−$4.5M	−$3.2M	$30.5M	−$43.3M	−$61.7M	−$44.6M	−$2.9M
Income tax	−$0.1M	—	—	—	—	−$5.8M	$14.1M	−$2.7M	−$1.3M	$2.0M
Net income	−$9.7M	−$5.1M	−$8.9M	$17.0M	−$30.4M	$36.3M	−$57.4M	−$59.0M	−$43.3M	−$4.9M
Net income to common	$9.7M	−$5.1M	−$8.9M	−$17.0M	$30.4M	$36.3M	−$57.4M	—	—	—
Diluted EPS	−$0.93	−$0.30	−$0.51	−$0.05	$0.08	$0.08	−$3.08	−$3.12	−$2.25	−$0.24
Diluted shares	0.01B	0.02B	0.02B	0.36B	0.39B	0.00B	0.00B	0.00B	0.00B	0.00B
Cash flow
Cash from operations	−$2.8M	−$5.4M	−$3.6M	−$10.1M	$84.5M	−$53.3M	$20.5M	−$3.8M	−$0.8M	−$27.0M
Capital expenditure	—	—	—	$10.3M	$6.2M	$13.8M	$9.2M	$30.3M	$3.6M	$2.7M
Free cash flow	—	—	—	−$20.4M	$78.4M	−$67.1M	$11.3M	−$34.1M	−$4.4M	−$29.7M
Depreciation and amortization	$1.2M	$1.3M	$0.8M	$10.7M	$9.1M	$10.8M	$11.0M	$13.4M	$10.7M	$7.6M
Stock-based compensation	$0.9M	$0.5M	$0.9M	$0.7M	$1.6M	$6.3M	$33.9M	$33.7M	$27.3M	$21.7M
Share buybacks	—	—	—	—	—	—	—	—	$3.5M	—
Dividends and buybacks	—	—	—	—	—	—	—	—	$3.5M	—
Balance sheet
Cash and short-term investments	$10.8M	$6.8M	$0.5M	$0.0M	$1.8M	$100.0M	$123M	$103M	$96.3M	$108M
Total debt	—	$1.5M	—	$1.2M	$4.2M	$2.1M	$1.7M	$1.4M	—	—
Current assets	$11.3M	$9.8M	$2.7M	$1.7M	$429M	$439M	$391M	$344M	$284M	$361M
Current liabilities	$1.1M	$2.7M	$1.5M	$3.2M	$388M	$356M	$310M	$297M	$244M	$257M
Inventory	$0.1M	$2.2M	$1.3M	$1.1M	$182M	$245M	$156M	$136M	$98.5M	$166M
Property and equipment, net	$1.4M	$0.5M	$1.3M	$0.7M	$46.5M	$50.1M	$45.1M	$61.5M	$51.2M	$45.0M
Intangible assets	$3.8M	$3.7M	—	—	—	—	—	—	—	—
Total assets	$16.6M	$15.6M	$5.7M	$2.3M	$557M	$627M	$542M	$499M	$407M	$469M
Total liabilities	$2.6M	$4.4M	$2.6M	$3.6M	$430M	$444M	$387M	$370M	$301M	$308M
Shareholders' equity	$13.9M	$11.2M	−$63.3M	$92.0M	$127M	$182M	$155M	$129M	$106M	$161M
Margins
Gross margin	−31.5%	−87.8%	−35.5%	10.7%	12.9%	13.7%	12.6%	11.2%	10.6%	11.7%
Operating margin	−69.5%	−573.5%	−1,655.5%	−2.3%	1.1%	1.4%	−2.9%	−4.7%	−4.2%	−0.7%
EBITDA margin	−60.1%	−422.9%	−1,507.5%	−1.6%	1.5%	1.9%	−2.2%	−3.9%	−3.3%	−0.1%
Net margin	−74.5%	−582.4%	−1,592.8%	1.1%	−1.4%	1.5%	−3.3%	−3.9%	−3.5%	−0.3%
FCF margin	—	—	—	−1.3%	3.7%	−2.8%	0.7%	−2.3%	−0.4%	−2.1%
Returns
Return on capital	—	−68.0%	—	−30.5%	14.2%	39.7%	−114.0%	−198.7%	—	—
Return on capital employed	−58.8%	−39.3%	−218.1%	4,004.4%	13.8%	12.4%	−21.3%	−35.1%	−31.5%	−4.5%
Return on equity	−69.8%	−40.9%	—	118.4%	−27.7%	23.4%	−34.0%	−41.5%	−36.8%	−3.7%
Return on assets	−58.8%	−32.0%	−83.8%	423.0%	−10.9%	6.1%	−9.8%	−11.3%	−9.6%	−1.1%
Return on tangible equity	96.1%	−68.9%	—	−18.5%	23.9%	19.9%	−37.0%	−45.6%	−40.8%	−3.0%
Growth
Revenue growth	—	−93.2%	−36.6%	274,109.5%	37.9%	12.4%	−27.6%	−13.0%	−17.5%	16.9%
Net income growth	—	—	—	—	−279.1%	—	−258.4%	—	—	—
EPS growth	—	—	—	—	—	0.0%	−3,950.0%	—	—	—
FCF growth	—	—	—	—	—	−185.7%	—	−402.1%	—	—
Share count change	—	66.1%	1.8%	1,962.3%	6.0%	−99.9%	−95.7%	1.1%	2.1%	4.1%
Financial health
Net debt / EBITDA	—	—	—	—	0.1x	−2.2x	—	—	—	—
Debt / equity	—	0.1x	—	0.0x	0.0x	0.0x	0.0x	0.0x	—	—
Interest coverage	−311.1x	—	—	−12.2x	35.2x	54.8x	−72.3x	−28.0x	−54.2x	−9.5x
Current ratio	10.2x	3.7x	1.9x	0.5x	1.1x	1.2x	1.3x	1.2x	1.2x	1.4x
Quick ratio	10.0x	2.8x	0.9x	0.2x	0.6x	0.5x	0.8x	0.7x	0.8x	0.8x
Capital allocation
Capex / revenue	—	—	—	0.7%	0.3%	0.6%	0.5%	2.0%	0.3%	0.2%
Stock comp / revenue	7.3%	54.3%	168.9%	0.0%	0.1%	0.3%	2.0%	2.2%	2.2%	1.5%
Quality scores
Piotroski F-score	—	1.0	3.0	4.0	5.0	6.0	5.0	2.0	4.0	4.0
Altman Z''	0.8	−3.1	−58.2	−143.7	0.8	1.6	0.4	−0.8	−1.2	0.6
Accruals ratio	−42.0%	1.7%	−49.7%	673.9%	−41.1%	15.1%	−13.3%	−10.6%	−9.4%	5.0%

In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.

Latest SEC filings

The original documents every number on this page comes from.

All filings on EDGAR →

Source: SEC EDGAR XBRL filings (CIK 0001474627). Data updated November 1, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

Newegg Commerce, Inc.

Newegg Commerce, Inc.

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Newegg Commerce, Inc. in 30 seconds

Key numbers, fiscal 2025

Revenue

Operating margin

Net income

Free cash flow

Return on capital

Sales and profit

Revenue and margins

Net income and earnings per share

Cash and shareholders

Cash flow

Dividends, buybacks and share count

Insider trades

Financial health

Balance sheet

Returns on capital

Piotroski F-score

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