NTGRNETGEAR, INC.
Computer Communications Equipment
- Revenue
- $700M
- 3.8% YoY
- Operating margin
- -4.9%
- 369% YoY
- EBITDA
- −$26M
- 240% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowFired32× cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $932M | $741M | $674M | $700M | 3.8% |
| Operating income | $67M | −$83M | −$33M | $12M | −$34M | 380% |
| Net income | $49M | −$69M | −$105M | $12M | −$18M | 250% |
| Operating cash flow | −$5M | −$14M | $57M | $165M | $2M | 99% |
| Capex | $10M | $6M | $6M | $9M | $21M | 128% |
| Stock-based comp | $26M | $18M | $18M | $23M | $30M | 31% |
| Buybacks | $75M | $24M | $0 | $33M | $51M | 53% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $3M | 60 | 258 |
| FY2024 | — | — | 69 | 201 |
| FY2023 | — | — | 36 | 147 |
| FY2022 | — | — | 45 | 89 |
| FY2021 | — | — | 72 | 138 |