What is Netgear's net debt?

Netgear (NTGR) reported net debt of -$135.39M in Q1 2026.

How has Netgear's net debt changed year-over-year?

Netgear's net debt increased by 43.9% year-over-year, from -$241.49M to -$135.39M.

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

Over 5 years (2020 to 2025), Netgear's net debt has grown at a -12.6% compound annual growth rate (CAGR), from -$311.8M to -$158.96M.

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.

Netgear NTGR Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$158.8M-2.0%

Gross profit$64.3M+14.2%

Operating income-$13.6M-6.2%

Net income-$13.0M-116%

EPS (diluted)-$0.47-124%

Balance sheet

See full

Cash & equivalents$183.5M-32.0%

Total debt$48.1M+69.8%

Total assets$801.9M-1.5%

Cash flow

See full

Operating cash flow$1.6M+119%

CapEx$3.8M+174%

Free cash flow-$2.2M+78.5%

Valuation

See full

Market cap$626.71M-23.9%

Enterprise value$491.33M-19.3%

P/S0.9×-0.3×

Profitability

See full

Gross margin39.4%+9.0pp

Operating margin-5%—

Net margin-3.6%—

FCF margin-1.9%-30.0pp

Returns & leverage

See full

Return on equity0.9%—

Debt / equity0.1×—

Current ratio2.6×-0.4×

Where this comes from

Calculated from Netgear’s reported figures.

$48.1Mtotal debt−$183.5Mcash and equivalents=-$135.39M

The official record: Netgear’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Netgear's net debt?: Netgear (NTGR) reported net debt of -$135.39M in Q1 2026.
How has Netgear's net debt changed year-over-year?: Netgear's net debt increased by 43.9% year-over-year, from -$241.49M to -$135.39M.
What is the long-term trend for Netgear's net debt?: Over 5 years (2020 to 2025), Netgear's net debt has grown at a -12.6% compound annual growth rate (CAGR), from -$311.8M to -$158.96M.
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.