What is Extreme Networks's net debt?

Extreme Networks (EXTR) reported net debt of $25.63M in Q1 2026.

How has Extreme Networks's net debt changed year-over-year?

Extreme Networks's net debt decreased by 38.7% year-over-year, from $41.84M to $25.63M.

What is the long-term trend for Extreme Networks's net debt?

Over 4 years (2021 to 2025), Extreme Networks's net debt has grown at a -51.0% compound annual growth rate (CAGR), from $143.95M to -$8.3M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Extreme Networks EXTR Net debt

Discontinued — last reported Q3 '26

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Other financials

Income statement

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Revenue$316.9M+11.4%

Gross profit$195.5M+11.5%

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$4.1B+15.3%

Enterprise value$4.13B+14.0%

P/E252.2×—

P/S3.3×0.0×

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 / equity3×-0.2×

Current ratio0.9×0.0×

Where this comes from

Calculated from Extreme Networks’s reported figures.

$235.7Mtotal debt−$210.1Mcash and equivalents=$25.63M

The official record: Extreme Networks’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Extreme Networks's net debt?: Extreme Networks (EXTR) reported net debt of $25.63M in Q1 2026.
How has Extreme Networks's net debt changed year-over-year?: Extreme Networks's net debt decreased by 38.7% year-over-year, from $41.84M to $25.63M.
What is the long-term trend for Extreme Networks's net debt?: Over 4 years (2021 to 2025), Extreme Networks's net debt has grown at a -51.0% compound annual growth rate (CAGR), from $143.95M to -$8.3M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.