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EXTREME NETWORKS INC

For the period ended Mar 31, 2025. Filed May 1, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 1, 2025

EXTR$24.03+14.2%Stored close · as of Nov 6, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

Form 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31,2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to______

Commission file number 000-25711

(Exact name of registrant as specified in its charter)

delaware77-0430270
[State or other jurisdictionof incorporation or organization][I.R.S. EmployerIdentification No.]
2121 RDU Center Drive, Suite 300,Morrisville, North Carolina27560
[Address of principal executive offices][Zip Code]

Registrant’s telephone number, including area code: (408)579-2800

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTradingSymbol(s)Name of each exchange on which registered
Common StockEXTRNasdaq Global Select Market

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§-232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

As of April 25, 2025, the registrant had 133,167,692 shares of common stock, $0.001 par value per share, outstanding.

FORM 10-Q

QUARTERLY PERIOD ENDED

March 31, 2025

INDEX

PAGE
PART I. CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Item 1.Condensed Consolidated Financial Statements (Unaudited)3
Condensed Consolidated Balance Sheets as of March 31, 2025 and June 30, 20243
Condensed Consolidated Statements of Operations for the three and nine months ended March 31, 2025 and 20244
Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended March 31, 2025 and 20245
Condensed Consolidated Statements of Stockholders' Equity for the three and nine months ended March 31, 2025 and 20246
Condensed Consolidated Statements of Cash Flows for the nine months ended March 31, 2025 and 20247
Notes to Condensed Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations24
Item 3.Quantitative and Qualitative Disclosures About Market Risk34
Item 4.Controls and Procedures35
PART II. OTHER INFORMATION
Item 1.Legal Proceedings37
Item 1ARisk Factors37
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds38
Item 3.Defaults Upon Senior Securities38
Item 4.Mine Safety Disclosure38
Item 5.Other Information38
Item 6.Exhibits39
Signatures40
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