Arlo Technologies, Inc. ARLO
Arlo Technologies, Inc. ("we" or "Arlo") is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security services that combine a globally scaled cloud platform, advanced monitoring and analytics capabilities, and award-winning app-controlled devices to create a personalized security ecosystem. Arlo's deep expertise in cloud services, cutting-edge artificial intelligence ("AI") and computer vision analytics, wireless connectivity and intuitive user experience design delivers seamless, smart home security for Arlo users that is easy to setup and engage with every day. Our highly secure, cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection – all rooted in a commitment to safeguard privacy for our users and their personal data.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Spain
- Sweden
- Other countries
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $328.8M | $256.7M | $299.4M |
| Spain | $108.1M | $137.7M | $113.8M |
| Sweden | $46.8M | $49.6M | $29.5M |
| Other countries | $45.6M | $66.8M | $48.5M |
As the company reported it, from the “Segment and Geographic Information - Schedule of Net Revenue by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $529.3M | $510.9M | $491.2M | $490.4M | $435.1M | $357.2M | $370.0M | $464.9M | $370.7M | $184.6M |
| Cost of revenue | $296.5M | $323.4M | $323.6M | $354.4M | $327.1M | $301.8M | $334.2M | $372.8M | $279.4M | $146.6M |
| Gross profit | $232.8M | $187.5M | $167.6M | $136.0M | $108.0M | $55.4M | $35.8M | $92.1M | $91.2M | $38.0M |
| R&D | $73.7M | $73.2M | $68.6M | $64.7M | $59.1M | $60.1M | $69.4M | $58.8M | $34.7M | $24.4M |
| SG&A | $66.1M | $72.1M | $56.4M | $55.9M | $49.5M | $51.1M | $47.6M | $28.2M | $15.1M | $8.3M |
| Total operating expenses | $226.8M | $222.4M | $192.5M | $192.9M | $168.2M | $160.3M | $121.0M | $166.8M | $85.5M | $51.2M |
| Operating income | $6.1M | -$34.9M | -$24.9M | -$56.9M | -$60.1M | -$104.9M | -$85.2M | -$74.8M | $5.7M | -$13.1M |
| Interest expense | — | — | $3.9M | $926.0K | $11.0K | $802.0K | $2.7M | $1.2M | $0 | $0 |
| Pre-tax income | $15.7M | -$29.4M | -$20.9M | -$55.7M | -$55.4M | -$100.6M | -$81.6M | -$74.7M | $7.7M | -$13.7M |
| Income tax | $741.0K | $1.1M | $1.2M | $975.0K | $677.0K | $625.0K | $4.4M | $772.0K | $1.1M | $83.0K |
| Net income | $14.9M | -$30.5M | -$22.0M | -$56.6M | -$56.0M | -$101.3M | -$86.0M | -$75.5M | $6.5M | -$13.7M |
| EPS, basic | 0.14 | -0.31 | -0.24 | -0.65 | -0.68 | -1.30 | -1.14 | -1.12 | 0.11 | -0.22 |
| EPS, diluted | 0.14 | -0.31 | -0.24 | -0.65 | -0.68 | -1.30 | -1.14 | -1.12 | 0.11 | -0.22 |
| Shares, diluted (wtd. avg.) | 110.2M | 98.6M | 92.8M | 87.2M | 82.7M | 78.1M | 75.1M | 67.2M | 62.2M | 62.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $146.4M | $82.0M | $56.5M | $88.2M | $179.9M | $190.3M | $240.8M | $155.4M | $108.0K | $220.0K |
| Short-term investments | — | — | — | — | — | — | $20.0M | $49.7M | — | — |
| Receivables | $39.7M | $57.3M | $65.4M | $66.0M | $79.6M | $77.6M | $127.3M | $166.0M | $158.5M | — |
| Inventory | $41.2M | $40.6M | $38.4M | $46.6M | $38.4M | $64.7M | $68.6M | $124.8M | — | — |
| Total current assets | $260.5M | $262.6M | $250.5M | $232.8M | $303.6M | $356.5M | $469.6M | $515.5M | — | — |
| Property, plant and equipment | $13.2M | $4.8M | $4.8M | $7.3M | $9.6M | $15.8M | $21.4M | $49.4M | — | — |
| Goodwill | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $15.6M | — | — |
| Other intangibles | — | — | — | — | — | $0 | $1.3M | $2.8M | — | — |
| Total assets | $310.5M | $298.4M | $285.5M | $272.2M | $347.5M | $414.0M | $542.7M | $595.9M | — | — |
| Accounts payable | $42.8M | $63.8M | $55.2M | $52.1M | $84.1M | $62.2M | $111.7M | $82.5M | — | — |
| Total current liabilities | $172.3M | $176.8M | $161.5M | $162.3M | $210.9M | $237.3M | $293.9M | $282.0M | — | — |
| Total liabilities | $182.7M | $197.5M | $182.3M | $184.5M | $234.8M | $280.2M | $339.3M | $326.4M | — | — |
| Retained earnings | -$383.0M | -$398.0M | -$367.5M | -$345.4M | -$288.8M | -$232.8M | -$131.5M | -$45.8M | — | — |
| Total equity | $127.8M | $100.9M | $103.3M | $87.7M | $112.7M | $133.8M | $203.4M | $269.5M | $125.4M | $73.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $78.7M | $51.3M | $38.3M | -$46.0M | -$23.2M | -$46.5M | $9.2M | -$17.7M | -$39.0M | -$33.1M |
| Depreciation and amortisation | $3.9M | $3.2M | $4.7M | $4.8M | $6.0M | $10.2M | $10.7M | $5.3M | $3.7M | $2.1M |
| Stock-based compensation | $62.3M | $68.7M | $47.9M | $48.5M | $38.0M | $35.2M | $22.9M | $8.8M | $2.5M | $1.5M |
| Capital expenditure | — | $2.7M | $2.8M | $2.0M | $2.3M | $3.9M | $6.7M | $21.7M | $3.6M | $1.5M |
| Investing cash flow | $27.8M | $10.8M | -$50.7M | -$31.8M | $17.7M | -$4.0M | $76.3M | -$71.3M | -$4.3M | -$10.3M |
| Financing cash flow | -$42.1M | -$40.8M | -$15.1M | -$13.9M | -$5.0M | -$23.0K | -$38.0K | $244.3M | $43.2M | $43.6M |
| Buybacks | $45.6M | $4.4M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016680.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $184.6M | $370.7M | $464.9M | $370.0M | $357.2M | $435.1M | $490.4M | $491.2M | $510.9M | $529.3M |
| Gross profit | $38.0M | $91.2M | $92.1M | $35.8M | $55.4M | $108.0M | $136.0M | $167.6M | $187.5M | $232.8M |
| Net income | -$13.7M | $6.5M | -$75.5M | -$86.0M | -$101.3M | -$56.0M | -$56.6M | -$22.0M | -$30.5M | $14.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Annual report filed Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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