EXTREME NETWORKS INC EXTR

Technology SIC 3576 - Computer Communications Equipment NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Telephone Apparatus Manufacturing derived Nasdaq

Extreme Networks, Inc. (EXTR) (collectively referred to as "Extreme," "Company," and as "we," "us" and "our") is a leader in AI-powered cloud-based networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users. We push the boundaries of technology, leveraging artificial intelligence ("AI"), analytics, and automation in our industry-leading products and services. Tens of thousands of customers globally trust Extreme to drive value, foster innovation, and overcome extreme challenges. Extreme also designs, develops, and manufactures wired, wireless, and software-defined wide area network ("SD-WAN") infrastructure equipment. Our Extreme Platform ONE™ solution, made generally available in July 2025, is a technology platform designed to reduce operational complexity for enterprises by integrating networking, security, and AI solutions into a single platform. In May 2026, we announced Extreme Agent ONE™, a unified AI experience within Extreme Platform ONE that is expected to operate across Coworker and Operator modes. The Coworker mode is expected to provide proactive, context-aware assistance, and the Operator mode is expected to support autonomous execution of certain operator-defined tasks, in each case subject to customer-defined rules, schedules, and governance.

Last close 21.97 2026-10-23
Market cap $2.87B 2026-06-30 share count
52-week range 13.47 - 33.73

Valuation FY2026 figures against the last close

P/S2.2x
P/E70.9x
P/FCF30.1x
EV/EBITDA35.9x
Dividend yield—
Diluted EPS0.31

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Emea
  • Apac
  • Other Americas
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2026 United States, FY2026: 576.2M (44.9%) 45% United States Emea, FY2026: 534.3M (41.6%) 42% Emea Apac, FY2026: 123.7M (9.6%) 10% Apac Other Americas, FY2026: 49.3M (3.8%) 4% FY2025 United States, FY2025: 547.7M (48.0%) 48% Emea, FY2025: 451.6M (39.6%) 40% Apac, FY2025: 91.7M (8.0%) 8% Other Americas, FY2025: 49M (4.3%) 4% FY2024 United States, FY2024: 581.1M (52.0%) 52% Emea, FY2024: 422M (37.8%) 38% Apac, FY2024: 67.5M (6.0%) 6% Other Americas, FY2024: 46.6M (4.2%) 4%
Region FY2026FY2025FY2024
United States $576.2M $547.7M $581.1M
Emea $534.3M $451.6M $422.0M
Apac $123.7M $91.7M $67.5M
Other Americas $49.3M $49.0M $46.6M

As the company reported it, from the “Revenues (Schedule of Revenues Disaggregated by Geographic Region) (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 FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $1.28B$1.14B$1.12B$1.31B$1.11B$1.01B$948.0M$995.8M$983.1M$607.1M
Cost of revenue $494.5M$430.9M$486.4M$557.7M$482.4M$424.3M$430.2M$444.6M$448.6M$276.1M
Gross profit $789.1M$709.1M$630.8M$754.7M$629.9M$585.1M$517.8M$551.2M$534.5M$331.0M
R&D $233.9M$221.5M$211.9M$214.3M$190.6M$197.0M$209.6M$210.1M$183.9M$93.7M
SG&A $125.3M$139.6M$99.9M$89.9M$68.7M$66.2M$61.0M$55.6M$51.0M$37.9M
Total operating expenses $726.4M$692.2M$696.0M$646.4M$565.8M$550.7M$616.7M$566.0M$572.7M$324.9M
Operating income $62.7M$16.9M-$65.2M$108.3M$64.2M$34.4M-$98.9M-$14.7M-$38.2M$6.0M
Interest expense $13.8M$15.9M$17.0M$17.4M$12.8M$22.9M$23.8M$12.6M$13.9M$4.1M
Pre-tax income $51.5M$4.3M-$77.5M$94.1M$52.2M$10.2M-$120.5M-$25.9M-$46.6M$2.6M
Income tax $9.4M$11.7M$8.5M$16.0M$7.9M$8.2M$6.4M$21.0K$145.0K$4.3M
Net income $42.1M-$7.5M-$86.0M$78.1M$44.3M$1.9M-$126.8M-$25.9M-$46.8M-$1.7M
EPS, basic 0.32-0.06-0.660.600.340.02-1.06-0.22-0.41-0.02
EPS, diluted 0.31-0.06-0.660.580.330.02-1.06-0.22-0.41-0.02
Shares, diluted (wtd. avg.) 135.0M132.3M129.3M133.6M133.5M127.7M119.8M118.0M114.2M108.3M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $211.8M$231.7M$156.7M$234.8M$194.5M———$121.1M$130.4M
Receivables $164.6M$126.7M$89.5M$182.0M$184.1M$156.5M$122.7M$174.4M$212.4M$93.1M
Inventory $70.0M$102.6M$141.0M$89.0M$49.2M$32.9M$62.6M$63.6M$63.9M$47.4M
Total current assets $549.8M$535.3M$466.9M$576.2M$489.1M$487.6M$414.2M$442.0M$427.9M$298.8M
Property, plant and equipment $58.1M$44.4M$43.7M$46.4M$49.6M$55.0M$58.8M$73.6M$78.5M$30.2M
Goodwill $397.8M$399.6M$393.7M$394.8M$400.1M$331.2M$331.2M$138.6M$139.1M$80.2M
Other intangibles $3.1M$6.5M$10.6M$16.1M$32.5M$36.0M$68.4M$51.1M$77.1M$25.3M
Total assets $1.18B$1.15B$1.04B$1.14B$1.07B$1.01B$979.1M$756.9M$770.2M$459.7M
Accounts payable $89.4M$63.9M$51.4M$99.7M$84.3M$60.1M$48.4M$65.7M$75.7M$31.6M
Short-term debt $19.3M$14.3M$9.3M$34.3M$33.3M$23.7M$16.5M$9.0M$9.0M$12.3M
Total current liabilities $592.7M$587.9M$517.6M$575.5M$500.2M$455.7M$397.8M$356.0M$359.9M$213.2M
Long-term debt $144.4M$163.7M$178.3M$187.6M$270.6M$315.9M$394.6M$169.7M$188.7M$80.4M
Retained earnings -$907.3M-$949.4M-$942.0M-$856.0M-$934.1M-$978.3M-$980.3M-$853.4M-$828.1M-$781.3M
Total equity $88.6M$65.6M$25.3M$116.8M$90.3M$54.5M$5.4M$116.0M$112.7M$125.7M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $123.2M$152.0M$55.5M$249.2M$128.2M$144.5M$35.9M$104.9M$19.0M$59.3M
Depreciation and amortisation $15.8M$14.7M$24.1M$19.9M$20.2M$23.0M$28.6M$26.9M$23.5M$10.6M
Stock-based compensation $88.3M$82.3M$76.8M$63.5M$43.4M$39.1M$37.8M$32.9M$27.6M$12.6M
Capital expenditure $27.9M$24.7M$18.1M$13.8M$15.4M$17.2M$15.3M$22.7M$40.4M$10.4M
Investing cash flow -$27.9M-$24.7M-$18.1M-$13.8M-$85.0M-$17.2M-$189.5M-$21.8M-$132.5M-$71.8M
Financing cash flow -$114.5M-$52.6M-$115.0M-$194.8M-$94.7M-$74.8M$178.5M-$34.4M$104.7M$48.7M
Buybacks $87.0M$38.0M$49.9M$99.9M$45.0M—$30.0M$15.0M——

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 0001193125-26-352872.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2017: 607.1M Gross profit, FY2017: 331M Net income, FY2017: -1.7M Revenue, FY2018: 983.1M Gross profit, FY2018: 534.5M Net income, FY2018: -46.8M Revenue, FY2019: 995.8M Gross profit, FY2019: 551.2M Net income, FY2019: -25.9M Revenue, FY2020: 948M Gross profit, FY2020: 517.8M Net income, FY2020: -126.8M Revenue, FY2021: 1B Gross profit, FY2021: 585.1M Net income, FY2021: 1.9M Revenue, FY2022: 1.1B Gross profit, FY2022: 629.9M Net income, FY2022: 44.3M Revenue, FY2023: 1.3B Gross profit, FY2023: 754.7M Net income, FY2023: 78.1M Revenue, FY2024: 1.1B Gross profit, FY2024: 630.8M Net income, FY2024: -86M Revenue, FY2025: 1.1B Gross profit, FY2025: 709.1M Net income, FY2025: -7.5M Revenue, FY2026: 1.3B Gross profit, FY2026: 789.1M Net income, FY2026: 42.1M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $607.1M $983.1M $995.8M $948.0M $1.01B $1.11B $1.31B $1.12B $1.14B $1.28B
Gross profit $331.0M $534.5M $551.2M $517.8M $585.1M $629.9M $754.7M $630.8M $709.1M $789.1M
Net income -$1.7M -$46.8M -$25.9M -$126.8M $1.9M $44.3M $78.1M -$86.0M -$7.5M $42.1M

Recent filings and events

  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • 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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