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Netgear NTGR Goodwill impairment

Discontinued — last reported Q4 '24

Goodwill impairment at other companies

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Segments

By segment

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Enterprise Reporting Unit$0

Other financials

Income statement

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Revenue$168.6M-1.2%
Gross profit$67.8M+6.0%
Operating income-$8.4M+11.5%
Net income-$7.3M-12.8%
EPS (diluted)-$0.27-22.7%

Balance sheet

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Cash & equivalents$174.3M-27.7%
Total debt$45.8M+78.0%
Total equity$456.4M-12.8%
Total assets$788.7M-1.8%

Cash flow

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Operating cash flow-$10.2M-470%
CapEx$1.5M-58.8%
Free cash flow-$11.6M-119%

Valuation

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Market cap$635.3M-13.2%
Enterprise value$506.81M-1.8%
P/S0.9×-0.1×

Profitability

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Gross margin40%+6.2pp
Operating margin-4.9%
Net margin-3.7%
FCF margin-1.9%-30.0pp

Returns & leverage

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Return on equity-5.3%
Debt / equity0.1×+0.1×
Current ratio2.5×-0.4×

Where this comes from

Reported directly by Netgear in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Netgear’s 10-K, filed February 14, 2025.

Filed
Feb 14, 2025
Fiscal year
FY2024
Accession
0000950170-25-021413
Line itemYear Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022
General and administrative63,46866,24356,316
Litigation reserves, net(89,012)17820
Restructuring and other charges4,4793,9624,577
Goodwill impairment44,442
Intangibles impairment1,071
Total operating expenses183,711282,527333,473
Income (loss) from operations12,216(33,275)(82,924)
Other income, net12,67214,139902

Item 8. Financial Statements and Supplementary Data

FAQ

What is Netgear's goodwill impairment?
Netgear (NTGR) reported goodwill impairment of $0 in Q4 2024.
What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

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