NEGGNasdaqRetail-Retail Stores, NEC
Newegg Commerce, Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 28, 2026
$10.62−0.28 (-2.57%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
11.7%−1.3 pts over 5 years
Operating margin
-0.7%−1.8 pts over 5 years
Net margin
-0.3%+1.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.9% | -5.7% | -7.3% | +113.4% | |
| Gross profit | +28.1% | -8.0% | -9.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -91.6% | -27.7% | -3.7% | |
| Return on assets | -64.0% | -10.9% | -1.1% | |
| Current ratio | 10.17 | 1.10 | 1.41 | |
| Debt to equity | – | 0.03 | – | |
| Net debt to EBITDA | – | -4.73× | – | |
| Interest coverage | -311.0× | 35.2× | -9.5× | |
| Inventory turnover | 8.4× | 20.1× | 9.6× | |
| Capex to revenue | – | 0.3% | 0.2% | |
| Diluted shares | 11M | 19M | 0M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Newegg Commerce generated $105.40M from operations and spent $63.11M on capital expenditure, dividends and share buybacks. 94% of that went back into the business.
Generated
$105.40M
Used
$63.11M
Capital expenditure$59.60M94%Dividends$00%Share buybacks$3.50M6%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-0.3%
×Asset turnover3.30×
×Equity multiplier3.28×
=Return on equity, FY2025-3.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -0.3% | 3.30× | 3.28× | -3.7% |
| FY2024 | -3.5% | 2.73× | 3.85× | -36.8% |
| FY2023 | -3.9% | 2.88× | 3.66× | -41.5% |
| FY2022 | -3.3% | 2.94× | 3.46× | -34.0% |
| FY2021 | 1.5% | 4.01× | 3.82× | 23.4% |
| FY2020 | -1.4% | 7.56× | 2.55× | -27.7% |
| FY2019 | 1.1% | 381.92× | 0.28× | 118.4% |
| FY2018 | -1592.8% | 0.05× | -0.41× | 34.1% |
| FY2017 | -582.4% | 0.05× | 1.28× | -40.9% |
| FY2016 | -74.5% | 0.86× | 1.43× | -91.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$4.88M
- Cash generatingOperating cash flow above zero-$26.97M
- Return on assets improvedROA up on the prior year-8.7% → -1.2%
- Earnings backed by cashOperating cash flow above net income-$26.97M vs -$4.88M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.16 → 1.41
- No dilutionShare count did not rise0M → 0M
- Gross margin improvedGross margin up on the prior year10.64% → 11.66%
- More efficientAsset turnover rose2.48 → 3.55