EXTRNasdaqComputer Communications EquipmentFiscal year ends June 30
EXTREME NETWORKS INC
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 17, 2026
$21.91+0.18 (+0.83%)
Close on Oct 19, 2026
- Market cap
- $2.96B
- P/E (TTM)
- 70.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
61.5%+3.5 pts over 5 years
Operating margin
4.9%+1.5 pts over 5 years
Net margin
3.3%+3.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.6% | -0.7% | +4.9% | +9.5% | |
| Gross profit | +11.3% | +1.5% | +6.2% | +11.5% | |
| Operating income | +269.9% | -16.7% | +12.8% | – | |
| Net income | – | -18.6% | +85.1% | – | |
| EPS, diluted | – | -18.8% | +73.0% | – | |
| Free cash flow | -25.2% | -26.0% | -5.6% | +14.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -1.5% | 6.5% | 54.6% | |
| Return on assets | -0.4% | 0.2% | 3.6% | |
| Current ratio | 1.40 | 1.07 | 0.93 | |
| Debt to equity | 0.74 | 6.23 | 1.85 | |
| Interest coverage | 1.5× | 1.5× | 4.5× | |
| Inventory turnover | 6.2× | 8.9× | 5.7× | |
| Capex to revenue | 1.7% | 1.7% | 2.2% | |
| Diluted shares | 108M | 128M | 135M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Extreme Networks generated $708.09M from operations and spent $419.69M on capital expenditure, dividends and share buybacks. 24% of that went back into the business.
Generated
$708.09M
Used
$419.69M
Capital expenditure$100.01M24%Dividends$00%Share buybacks$319.68M76%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.3%
×Asset turnover1.10×
×Equity multiplier15.12×
=Return on equity, FY202654.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 3.3% | 1.10× | 15.12× | 54.6% |
| FY2025 | -0.7% | 1.04× | 24.17× | -16.4% |
| FY2024 | -7.7% | 1.02× | 15.38× | -121.0% |
| FY2023 | 5.9% | 1.19× | 10.67× | 75.4% |
| FY2022 | 4.0% | 1.07× | 14.35× | 61.1% |
| FY2021 | 0.2% | 1.01× | 33.23× | 6.5% |
| FY2020 | -13.4% | 1.09× | 14.30× | -209.0% |
| FY2019 | -2.6% | 1.30× | 6.68× | -22.6% |
| FY2018 | -4.8% | 1.60× | 5.16× | -39.3% |
| FY2017 | -0.3% | 1.46× | 3.66× | -1.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$42.12M
- Cash generatingOperating cash flow above zero$123.18M
- Return on assets improvedROA up on the prior year-0.7% → 3.7%
- Earnings backed by cashOperating cash flow above net income$123.18M vs $42.12M
- Less leverageLong-term debt to assets fell14.2% → 12.3%
- Better liquidityCurrent ratio rose0.91 → 0.93
- No dilutionShare count did not rise132M → 135M
- Gross margin improvedGross margin up on the prior year62.20% → 61.48%
- More efficientAsset turnover rose1.09 → 1.11