NETGEAR, INC.
For the period ended Jul 30, 2025. Filed Jul 30, 2025.
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Jul 30, 2025 · Filed Jul 30, 2025
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NTGR$18.88-0.8%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · STATEMENT OF OPERATIONS DATA:
STATEMENT OF OPERATIONS DATA:
| Three Months Ended · Six Months Ended | |||||
|---|---|---|---|---|---|
| June 29, 2025 | March 30, 2025 | June 30, 2024 | June 29, 2025 | June 30, 2024 | |
| GAAP gross profit | $63,978 | $56,326 | $31,823 | $120,304 | $80,060 |
| GAAP gross margin | 37.5 % | 34.8 % | 22.1 % | 36.2 % | 26.0 % |
| Stock-based compensation expense | 456 | 422 | 413 | 878 | 778 |
| Non-GAAP gross profit | $64,434 | $56,748 | $32,236 | $121,182 | $80,838 |
| Non-GAAP gross margin | 37.8 % | 35.0 % | 22.4 % | 36.4 % | 26.2 % |
| GAAP research and development | $20,845 | $18,309 | $19,851 | $39,154 | $40,078 |
| Stock-based compensation expense | (1,000) | (592) | (844) | (1,592) | (1,542) |
| Non-GAAP research and development | $19,845 | $17,717 | $19,007 | $37,562 | $38,536 |
| GAAP sales and marketing | $31,053 | $28,041 | $29,757 | $59,094 | $60,286 |
| Stock-based compensation expense | (1,816) | (1,313) | (1,235) | (3,129) | (2,472) |
| Non-GAAP sales and marketing | $29,237 | $26,728 | $28,522 | $55,965 | $57,814 |
| GAAP general and administrative | $20,683 | $18,070 | $19,186 | $38,753 | $37,253 |
| Stock-based compensation expense | (3,403) | (3,169) | (3,396) | (6,572) | (5,640) |
| Acquisition related expenses | (705) | — | — | (705) | — |
| Non-GAAP general and administrative | $16,575 | $14,901 | $15,790 | $31,476 | $31,613 |
| GAAP total operating expenses | $73,518 | $69,125 | $78,682 | $142,643 | $148,567 |
| Stock-based compensation expense | (6,219) | (5,074) | (5,475) | (11,293) | (9,654) |
| Acquisition related expenses | (705) | — | — | (705) | — |
| Restructuring and other charges | (862) | (4,742) | (1,688) | (5,604) | (2,720) |
| Litigation reserves, net | (75) | 37 | (8,200) | (38) | (8,230) |
| Non-GAAP total operating expenses | $65,657 | $59,346 | $63,319 | $125,003 | $127,963 |
| GAAP operating loss | $(9,540) | $(12,799) | $(46,859) | $(22,339) | $(68,507) |
| GAAP operating margin | (5.6)% | (7.9)% | (32.6)% | (6.7)% | (22.2)% |
| Stock-based compensation expense | 6,675 | 5,496 | 5,888 | 12,171 | 10,432 |
| Acquisition related expenses | 705 | — | — | 705 | — |
| Restructuring and other charges | 862 | 4,742 | 1,688 | 5,604 | 2,720 |
| Litigation reserves, net | 75 | (37) | 8,200 | 38 | 8,230 |
| Non-GAAP operating loss | $(1,223) | $(2,598) | $(31,083) | $(3,821) | $(47,125) |
| Non-GAAP operating margin | (0.7)% | (1.6)% | (21.6)% | (1.1)% | (15.3)% |
| GAAP other income, net | $3,976 | $8,171 | $2,713 | $12,147 | $5,563 |
| Gain/loss on investments and others | (269) | (4,642) | (69) | (4,911) | 32 |
| Non-GAAP other income, net | $3,707 | $3,529 | $2,644 | $7,236 | $5,595 |
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