EXTREME NETWORKS INC
EXTR· Nasdaq· Computer Communications Equipment
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 7.4%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +4.9%
We record prices for the companies we cover; EXTR is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 135.0M
- Revenue
- $1.3B
- Free cash flow
- $95.2M
- Owner earnings
- $7.0M
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- 61.5%
- Operating
- 4.9%
- Net
- 3.3%
- Free cash flow
- 7.4%
- Owner earnings
- 0.5%
- Stock pay
- 6.9%
Returns
- ROIC, FY2026
- 126.5%
- ROIC, 5 yr avg
- –
- ROE, FY2026
- 47.5%
- ROE, 5 yr avg
- -37.6%
Growth (CAGR)
- Revenue, 3 yr
- -0.7%
- Revenue, 5 yr
- 4.9%
- Revenue, 9 yr
- 8.7%
- Diluted EPS, 3 yr
- -18.8%
- Diluted EPS, 5 yr
- 73.0%
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -26.0%
- Free cash flow, 5 yr
- -5.6%
- Free cash flow, 9 yr
- 7.7%
Financial health · FY2026
- Cash and investments
- $211.8M
- Total debt
- $163.7M
- Net cash
- $48.0M
- Debt/Equity
- 1.8x
- Debt/FCF
- 1.7x
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 1.1%
Financials: ten years from the 10-Ks
Revenue
$1.3B
+8.7% a year over 9 years
FY2017FY2026
Margins
Gross61.5%Operating4.9%Net3.3%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow$95.2MOwner earnings$7.0M
Free cash flow +7.7% a year
FY2017FY2026
Diluted shares
135.0M
+24.7% over 9 years, net dilution
FY2017FY2026
Return on invested capital
126.5%
FY2026
FY2017FY2026
Net cash
$48.0M
$48.0M more cash than debt
FY2017FY2026
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $607.1M | $983.1M | $995.8M | $948.0M | $1.0B | $1.1B | $1.3B | $1.1B | $1.1B | $1.3B |
| Revenue growth | 16.8% | 61.9% | 1.3% | -4.8% | 6.5% | 10.2% | 18.0% | -14.9% | 2.0% | 12.6% |
| Gross margin | 54.5% | 54.4% | 55.4% | 54.6% | 58.0% | 56.6% | 57.5% | 56.5% | 62.2% | 61.5% |
| Operating margin | 1.0% | -3.9% | -1.5% | -10.4% | 3.4% | 5.8% | 8.3% | -5.8% | 1.5% | 4.9% |
| Net income | -$1.7M | -$46.8M | -$25.9M | -$126.8M | $1.9M | $44.3M | $78.1M | -$86.0M | -$7.5M | $42.1M |
| Net margin | -0.3% | -4.8% | -2.6% | -13.4% | 0.2% | 4.0% | 5.9% | -7.7% | -0.7% | 3.3% |
| Diluted EPS | $-0.02 | $-0.41 | $-0.22 | $-1.06 | $0.02 | $0.33 | $0.58 | $-0.66 | $-0.06 | $0.31 |
| Return on invested capital? | – | – | – | – | – | 27.3% | 86.5% | – | – | 126.5% |
| Cash | ||||||||||
| Operating cash flow | $59.3M | $19.0M | $104.9M | $35.9M | $144.5M | $128.2M | $249.2M | $55.5M | $152.0M | $123.2M |
| Capital expenditure | $10.4M | $40.4M | $22.7M | $15.3M | $17.2M | $15.4M | $13.8M | $18.1M | $24.7M | $27.9M |
| Free cash flow | $48.9M | -$21.4M | $82.2M | $20.6M | $127.4M | $112.7M | $235.4M | $37.4M | $127.3M | $95.2M |
| Stock-based compensation | $12.6M | $27.6M | $32.9M | $37.8M | $39.1M | $43.4M | $63.5M | $76.8M | $82.3M | $88.3M |
| Owner earnings? | $36.2M | -$49.0M | $49.3M | -$17.2M | $88.3M | $69.4M | $171.9M | -$39.4M | $45.0M | $7.0M |
| Free cash flow per share | $0.45 | $-0.19 | $0.70 | $0.17 | $1.00 | $0.84 | $1.76 | $0.29 | $0.96 | $0.71 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | $15.0M | $30.0M | – | $45.0M | $99.9M | $49.9M | $38.0M | $87.0M |
| Diluted shares | 108.3M | 114.2M | 118.0M | 119.8M | 127.7M | 133.5M | 133.6M | 129.3M | 132.3M | 135.0M |
| Share count change? | 5.0% | 5.5% | 3.3% | 1.6% | 6.6% | 4.6% | 0.1% | -3.3% | 2.4% | 2.0% |
| Balance sheet | ||||||||||
| Cash and equivalents | $130.4M | $121.1M | – | – | – | $194.5M | $234.8M | $156.7M | $231.7M | $211.8M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $92.7M | $197.8M | $178.8M | $411.1M | $339.6M | $303.9M | $221.9M | $187.6M | $178.0M | $163.7M |
| Net debt | -$37.7M | $76.6M | – | – | – | $109.4M | -$12.9M | $30.9M | -$53.8M | -$48.0M |
| Shareholders' equity | $125.7M | $112.7M | $116.0M | $5.4M | $54.5M | $90.3M | $116.8M | $25.3M | $65.6M | $88.6M |
Latest filings
| 2026-10-29 | 10-Q | Quarterly report |
| 2026-10-28 | 8-K | Earnings release |
| 2026-09-18 | DEF 14A | Proxy statement |
| 2026-08-17 | 10-K | Annual report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-29 | 8-K | Earnings release |
| 2026-01-29 | 10-Q | Quarterly report |
| 2026-01-28 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
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