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Segments

By product

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Subscription And Support$82.41M+12.3%

Other financials

Income statement

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Revenue$316.9M+11.4%
Operating income$17.3M+67.1%
Net income$10.6M+206%
EPS (diluted)$0.08+167%

Balance sheet

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Cash & equivalents$210.1M+13.3%
Total debt$235.7M+3.7%
Total equity$79.0M+10.1%
Total assets$1.2B+9.0%

Cash flow

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Operating cash flow$14.2M-52.6%
CapEx$6.4M+12.3%
Free cash flow$7.8M-68.0%

Valuation

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Market cap$3.19B+18.9%
Enterprise value$3.22B+20.3%
P/E196.1×
P/S2.6×+0.2×

Profitability

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Gross margin61.3%+3.1pp
Operating margin3.3%+2.3pp
Net margin1.3%+0.7pp
FCF margin8.4%+2.6pp

Returns & leverage

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Return on equity21.6%+12.1pp
Debt / equity-0.2×
Current ratio0.9×0.0×

Where this comes from

Calculated from Extreme Networks’s reported figures.

The source filing: Extreme Networks’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:07 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-197200
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025Nine Months Ended / March 31, 2026Nine Months Ended / March 31, 2025
Gross profit:
Product113,139102,001331,817294,540
Subscription and support82,40573,408246,836225,499
Total gross profit195,544175,409578,653520,039
Operating expenses:
Research and development59,18455,656174,459164,990
Sales and marketing88,97979,773267,295241,123
General and administrative29,63429,53793,42092,202

ITEM 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Extreme Networks's gross profit?
Extreme Networks (EXTR) reported gross profit of $195.54M in Q1 2026.
How has Extreme Networks's gross profit changed year-over-year?
Extreme Networks's gross profit increased by 11.5% year-over-year, from $175.41M to $195.54M.
What is the long-term trend for Extreme Networks's gross profit?
Over 3 years (2022 to 2025), Extreme Networks's gross profit has grown at a 4.0% compound annual growth rate (CAGR), from $629.94M to $709.13M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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