For fiscal 2025 (ended Dec 31, 2025), Newegg Commerce Inc. reported $1.44B of revenue and -$4.88M of net income.
NEGG revenue was $1.44B for fiscal 2025 (ended Dec 31, 2025), up 16.9% from fiscal 2024. Compound annual growth was -7.3% over 5 years and +113.4% over 10 years. It rose in 5 of the last 10 fiscal years.
NEGG net income was -$4.88M for fiscal 2025 (ended Dec 31, 2025), compared with -$43.33M in fiscal 2024.
NEGG diluted EPS was -$0.24 for fiscal 2025 (ended Dec 31, 2025), compared with -$2.25 in fiscal 2024.
NEGG free cash flow was -$29.66M for fiscal 2025 (ended Dec 31, 2025), compared with -$4.44M in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.24B | $1.50B | $1.72B | $2.38B | $2.11B | $1.53B | $559.4K | $882.0K | $13.06M |
| Cost of revenue | $177.30M | $166.30M | $215.20M | $224.30M | $140.00M | $135.80M | $1.37B | $757.9K | $1.66M | $17.18M |
| Gross profit | $168.46M | $131.49M | $167.56M | $216.63M | $325.98M | $273.63M | $164.87M | -$198.5K | -$774.0K | -$4.12M |
| Selling, general and admin | $178.01M | $183.04M | $238.64M | $266.16M | $292.46M | $250.24M | $229.19M | $3.68M | $3.19M | $4.18M |
| Operating income | -$9.55M | -$51.55M | -$71.08M | -$49.54M | $33.51M | $23.39M | -$36.00M | -$9.26M | -$5.06M | -$9.08M |
| Interest expense | $1.01M | $952.0K | $2.54M | $685.0K | $612.0K | $664.0K | $2.94M | - | - | $29.2K |
| Pre-tax income | -$2.88M | -$44.61M | -$61.67M | -$43.33M | $30.47M | -$3.24M | -$4.45M | -$8.91M | -$5.14M | -$9.70M |
| Income tax | $2.00M | -$1.28M | -$2.68M | $14.10M | -$5.79M | - | - | - | - | -$95.0K |
| Net income | -$4.88M | -$43.33M | -$58.99M | -$57.43M | $36.26M | -$30.43M | $16.99M | -$8.91M | -$5.14M | -$9.73M |
| EPS, basic | -$0.24 | -$2.25 | -$3.12 | -$3.08 | $2.00 | $1.60 | -$1.00 | -$81.00 | -$48.00 | -$148.80 |
| EPS, diluted | -$0.24 | -$2.25 | -$3.12 | -$3.08 | $1.60 | $1.60 | -$1.00 | -$81.00 | -$48.00 | -$148.80 |
| Diluted shares | 20,114 | 19,285 | 18,928 | 18,653 | 21,612.5 | 19.3M | 18.2M | 110,108.8 | 108,203.663 | 65,142.281 |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $107.80M | $96.25M | $102.51M | $123.51M | $104.33M | $157.75M | $22.8K | $477.3K | $6.81M | $10.79M |
| Receivables | $62.45M | $64.36M | $80.38M | $83.52M | $62.37M | $64.80M | $61.8K | $92.1K | $9.7K | $78.1K |
| Inventory | $166.26M | $98.54M | $136.16M | $156.02M | $245.08M | $182.06M | $1.09M | $1.35M | $2.22M | $136.9K |
| Current assets | $360.61M | $283.64M | $344.45M | $390.82M | $438.96M | $428.61M | $1.68M | $2.71M | $9.83M | $11.34M |
| Total assets | $468.91M | $407.32M | $499.05M | $542.10M | $626.58M | $557.47M | $2.33M | $5.70M | $15.56M | $16.55M |
| Current liabilities | $256.51M | $243.57M | $296.54M | $309.77M | $356.31M | $388.09M | $3.23M | $1.45M | $2.68M | $1.12M |
| Short-term debt | - | - | $268.0K | $269.0K | $293.0K | $281.0K | $1.21M | - | $1.54M | - |
| Long-term debt | - | - | $1.11M | $1.40M | $1.84M | $2.09M | - | - | - | - |
| Total debt | - | - | $1.38M | $1.67M | $2.14M | $2.37M | - | - | - | - |
| Total liabilities | $308.20M | $301.23M | $369.65M | $386.87M | $444.30M | $429.97M | $3.62M | $2.58M | $4.41M | $2.61M |
| Shareholders' equity | $160.71M | $106.09M | $129.39M | $155.22M | $182.28M | $127.50M | $92.04M | -$63.35M | $11.15M | $13.94M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$26.97M | -$821.0K | -$3.84M | $20.48M | -$53.29M | $84.51M | -$10.08M | -$3.63M | -$5.41M | -$2.78M |
| Capital expenditures | $2.69M | $3.62M | $30.27M | $9.19M | $13.84M | $6.16M | $10.28M | - | - | - |
| Free cash flow | -$29.66M | -$4.44M | -$34.10M | $11.29M | -$67.13M | $78.36M | -$20.36M | - | - | - |
| Investing cash flow | $105.0K | $2.44M | -$14.25M | -$3.77M | -$13.84M | -$5.24M | $84.68M | -$6.23M | -$1.69M | -$636.1K |
| Financing cash flow | $35.58M | -$6.05M | $1.56M | $1.55M | $12.74M | -$1.73M | -$49.69M | $3.70M | $2.97M | $13.68M |
| Share repurchases | - | $3.50M | - | - | - | - | - | - | - | - |
| Stock-based compensation | $21.66M | $27.25M | $33.66M | $33.94M | $6.29M | $1.62M | $744.0K | $944.9K | $479.2K | $947.5K |
| Depreciation and amortization | $7.59M | $10.70M | $13.44M | $11.02M | $10.84M | $9.09M | $10.71M | $827.6K | $1.33M | $1.23M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 16.9% | -17.5% | -13.0% | -27.6% | 12.4% | 37.9% | 274116.4% | -36.6% | -93.2% | 1669.2% |
| Gross margin | 11.7% | 10.6% | 11.2% | 12.6% | 13.7% | 12.9% | 10.7% | -35.5% | -87.7% | -31.5% |
| Operating margin | -0.7% | -4.2% | -4.7% | -2.9% | 1.4% | 1.1% | -2.3% | -1655.5% | -573.5% | -69.5% |
| Net margin | -0.3% | -3.5% | -3.9% | -3.3% | 1.5% | -1.4% | 1.1% | -1592.8% | -582.4% | -74.5% |
| Free cash flow margin | -2.1% | -0.4% | -2.3% | 0.7% | -2.8% | 3.7% | -1.3% | - | - | - |
| Return on equity | -3.0% | -40.8% | -45.6% | -37.0% | 19.9% | -23.9% | 18.5% | - | -46.1% | -69.8% |
| Return on assets | -1.0% | -10.6% | -11.8% | -10.6% | 5.8% | -5.5% | 728.0% | -156.4% | -33.0% | -58.8% |
| Current ratio | 1.41 | 1.16 | 1.16 | 1.26 | 1.23 | 1.10 | 0.52 | 1.87 | 3.67 | 10.17 |
| Debt to equity | - | - | 0.01 | 0.01 | 0.01 | 0.02 | - | - | - | - |
| Line item | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | Dec 31, 2010 | Sep 30, 2010 | Jun 30, 2010 | Mar 31, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.54M | $5.53M | $6.98M | $3.32M | $5.28M | $5.69M | $7.71M | $2.95M | $6.67M | $5.46M | $4.83M | $2.64M |
| Cost of revenue | $3.48M | $3.46M | $4.24M | $2.07M | $3.60M | $3.27M | $4.87M | $1.96M | $4.20M | $3.20M | $2.91M | $1.67M |
| Gross profit | $2.07M | $2.07M | $2.74M | $1.24M | $1.69M | $2.42M | $2.84M | $997.5K | $2.46M | $2.26M | $1.92M | $974.4K |
| Selling, general and admin | $1.14M | $432.2K | $540.8K | $490.7K | $1.21M | $396.7K | $512.6K | $503.5K | $381.7K | $355.4K | $297.0K | $223.4K |
| Operating income | $592.7K | $1.41M | $1.93M | $454.8K | -$269.7K | $1.66M | $1.93M | $298.4K | $1.52M | $1.61M | $1.36M | $648.2K |
| Interest expense | $41.5K | $43.1K | $37.7K | $27.2K | $28.2K | $26.9K | $10.8K | $16.2K | $22.1K | $21.5K | $7.9K | $18.8K |
| Pre-tax income | $581.5K | $1.27M | $2.00M | $227.7K | -$219.7K | $1.66M | $2.05M | $292.3K | $1.79M | $1.66M | $1.34M | $628.9K |
| Income tax | $216.7K | $229.6K | $319.4K | $97.0K | -$11.1K | $270.8K | $314.1K | $82.5K | $306.3K | $245.6K | $203.3K | $94.9K |
| Net income | $353.2K | $1.04M | $1.69M | $126.0K | -$219.6K | $1.38M | $1.74M | $205.4K | $1.47M | $1.41M | $1.14M | $520.2K |
| EPS, basic | $11.20 | $36.80 | $59.20 | $4.80 | -$9.60 | $49.60 | $62.40 | $8.00 | - | $49.60 | $43.20 | - |
| EPS, diluted | $14.40 | $35.20 | $57.60 | $4.80 | -$8.00 | $49.60 | $62.40 | $6.40 | - | $48.00 | $43.20 | - |
| Diluted shares | - | 29,399.656 | 29,485.244 | 29,440.8 | - | 28,187.5 | 28,187.5 | 29,126.044 | - | 29,109.375 | 26,656.25 | - |
| Line item | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | Dec 31, 2010 | Sep 30, 2010 | Jun 30, 2010 | Mar 31, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.51M | $3.17M | $1.11M | $2.30M | $3.69M | $2.60M | $3.01M | $3.37M | $5.92M | $4.96M | $6.54M | - |
| Receivables | $11.96M | $13.15M | $12.41M | $12.90M | $12.16M | $15.03M | $12.56M | - | $9.11M | - | - | - |
| Inventory | $4.65M | $3.81M | $4.80M | $4.16M | $5.53M | $6.44M | $6.28M | - | $6.37M | - | - | - |
| Current assets | $32.69M | $31.96M | $30.42M | $30.70M | $31.63M | $40.94M | $38.98M | - | $33.39M | - | - | - |
| Total assets | $38.28M | $37.66M | $35.88M | $33.94M | $34.98M | $44.30M | $42.39M | - | $36.88M | - | - | - |
| Current liabilities | $3.84M | $3.94M | $3.71M | $3.18M | $4.65M | $14.10M | $13.88M | - | $10.78M | - | - | - |
| Total liabilities | $4.21M | $4.32M | $4.00M | $3.47M | $4.74M | $14.24M | $14.05M | - | $11.09M | - | - | - |
| Shareholders' equity | $34.07M | $31.92M | $30.49M | $29.05M | $30.23M | $28.68M | $26.98M | - | $25.79M | - | - | - |
| Line item | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | Dec 31, 2010 | Sep 30, 2010 | Jun 30, 2010 | Mar 31, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $313.9K | $2.16M | $823.4K | -$1.59M | $893.1K | -$698.5K | -$1.24M | -$2.11M | $718.1K | -$1.07M | - | - |
| Investing cash flow | -$8.7K | -$312.1K | -$2.40M | -$5.8K | -$57.3K | -$33.4K | -$54.0K | -$10.6K | -$35.4K | -$745.1K | - | - |
| Financing cash flow | $0 | $0 | $632.8K | $159.9K | $0 | $0 | $619.9K | -$610.8K | $0 | $0 | - | - |
| Stock-based compensation | $43.1K | $147.3K | $64.0K | $60.1K | $85.2K | $0 | $0 | $59.3K | $0 | $0 | - | - |
| Depreciation and amortization | $153.0K | $152.7K | $127.7K | $118.7K | $116.9K | $113.6K | $110.6K | $109.4K | $103.9K | $89.1K | - | - |
| Line item | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | Mar 31, 2011 | Dec 31, 2010 | Sep 30, 2010 | Jun 30, 2010 | Mar 31, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 4.9% | -2.8% | -9.5% | 12.3% | -20.7% | 4.2% | 59.7% | 11.8% | - | - | - | - |
| Net income growth, YoY | - | -24.8% | -2.7% | -38.7% | - | -2.0% | 52.5% | -60.5% | - | - | - | - |
| EPS growth, YoY | - | -29.0% | -7.7% | -25.0% | - | 3.3% | 44.4% | - | - | - | - | - |
| Gross margin | 37.3% | 37.4% | 39.2% | 37.4% | 31.9% | 42.5% | 36.8% | 33.8% | 36.9% | 41.4% | 39.7% | 36.9% |
| Operating margin | 10.7% | 25.5% | 27.6% | 13.7% | -5.1% | 29.2% | 25.0% | 10.1% | 22.8% | 29.4% | 28.1% | 24.5% |
| Net margin | 6.4% | 18.7% | 24.2% | 3.8% | -4.2% | 24.2% | 22.5% | 7.0% | 22.1% | 25.8% | 23.6% | 19.7% |
| Current ratio | 8.51 | 8.12 | 8.19 | 9.67 | 6.81 | 2.90 | 2.81 | - | 3.10 | - | - | - |
Source: XBRL data Newegg Commerce Inc. files with the SEC, latest filing dated Apr 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-8, first reported Mar 31, 2021; 1-for-20, first reported Apr 28, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| NEGG | $1.44B | +16.9% | -$4.88M | -0.3% | $186.9M |
| JD | CN¥1.31T | +13.0% | CN¥19.63B | 1.5% | $38.14B |
| ULTA | $12.96B | +11.2% | $1.21B | 9.3% | $28.44B |
| DKS | $21.15B | +53.5% | $838.83M | 4.0% | $13.13B |
| FCFS | $4.29B | +22.9% | $406.49M | 9.5% | $8.06B |
| BBWI | $7.21B | -2.2% | $781.00M | 10.8% | $4.39B |
| ASO | $6.19B | +3.7% | $395.85M | 6.4% | $4.38B |
| RH | $3.45B | +3.3% | $111.51M | 3.2% | $2.59B |