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NEGG

Newegg Commerce, Inc.

NEGG

Newegg Commerce, Inc. • NASDAQ
$75.88 ▼ -0.80% (-0.61)
Market Cap $1.48 B
52w High $137.84
52w Low $3.32
Dividend Yield 0%
P/E -64.31
Volume 91.76K
Outstanding Shares 19.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $347.835M $43.664M $-2.091M -0.601% $-0.11 $-1.556M
Q1-2025 $347.835M ▲ $43.664M ▼ $-2.091M ▲ -0.601% ▲ $-0.11 ▲ $-1.556M ▲
Q4-2024 $308.729M $44.978M $-9.187M -2.976% $-0.47 $-8.31M
Q3-2024 $308.729M ▼ $44.978M ▼ $-9.187M ▲ -2.976% ▲ $-0.47 ▲ $-8.31M ▲
Q2-2024 $309.06M $46.541M $-12.477M -4.037% $-0.64 $-12.114M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $59.063M $372.737M $258.636M $114.101M
Q1-2025 $59.063M ▼ $372.737M ▼ $258.636M ▼ $114.101M ▲
Q4-2024 $96.255M $407.321M $301.229M $106.092M
Q3-2024 $96.255M ▲ $407.321M ▲ $301.229M ▲ $106.092M ▼
Q2-2024 $49.678M $378.426M $263.799M $114.627M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-2.091M $-24.976M $737.5K $4.08M $0 $-25.6M
Q1-2025 $-2.091M ▲ $-24.976M ▼ $737.5K ▼ $4.08M ▲ $0 $-25.6M ▼
Q4-2024 $-9.187M $31.188M $783K $-7.948M $0 $29.985M
Q3-2024 $-9.187M ▲ $31.188M ▲ $783K ▲ $-7.948M ▼ $0 ▲ $29.985M ▲
Q2-2024 $-12.477M $-31.598M $439.5K $4.922M $-26.68M $-32.204M

Revenue by Products

Product Q4-2012Q2-2019Q4-2019Q2-2020
Medical Devices
Medical Devices
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Mobile Medicine
Mobile Medicine
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Respiratory and Oxygen Homecare
Respiratory and Oxygen Homecare
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Newegg’s revenue has been drifting down from its peak a few years ago, and the company has moved from small profits to consistent losses. Gross profit has also shrunk, which suggests pricing pressure and/or higher costs in a very competitive online retail environment. Operating income and net income have been negative for several years in a row, indicating that the current scale and cost structure are not yet supporting sustainable profitability. Overall, the business model is still under earnings pressure, with thin margins and limited room for error.

Balance Sheet

Balance Sheet The balance sheet looks relatively lean. Total assets have edged down over time, and the company keeps a modest cash balance and a manageable level of debt. Equity has been shrinking, which reflects the recent years of losses and leaves a smaller financial cushion than before. Newegg does not appear heavily indebted, but it also doesn’t have a large capital buffer, so prolonged weak performance could matter more here than for a larger, better-capitalized peer.

Cash Flow

Cash Flow Cash generation is roughly around breakeven over the period shown. Operating cash flow has bounced between slightly positive and slightly negative, without a clear, strong upward trend. Free cash flow is similarly modest, helped by low spending on physical assets, which points to an asset‑light model but also to limited investment capacity. Overall, the company is not burning cash aggressively, but it is also not consistently creating strong surplus cash from operations, which constrains flexibility.

Competitive Edge

Competitive Edge Newegg occupies a focused niche as a specialist in PC hardware, gaming, and tech components, with a long-standing reputation among enthusiasts and DIY builders. Its community, detailed reviews, and tailored tools give it credibility that generalist platforms may lack in this segment. At the same time, it operates in the shadow of much larger players like Amazon and big-box electronics retailers that can pressure prices and shipping expectations. Newegg Logistics and its marketplace model are positives for breadth and efficiency, but the company’s smaller scale and current profitability challenges show that its niche strength has not fully overcome broader competitive headwinds.

Innovation and R&D

Innovation and R&D Innovation is a relative bright spot. Newegg is leaning into AI with tools like its PC Builder assistant and AI-generated review summaries, aiming to simplify complex purchases for its core audience. It is also building out logistics services, B2B offerings, and potential SaaS-style tools for other merchants, which could diversify revenue away from pure retail. Partnerships, such as with SHEIN, show a willingness to reach new demographics and experiment with distribution. The key uncertainty is how much these innovations can move the needle financially and how quickly they can scale in a market where large rivals can copy features.

Summary

Newegg is a niche-focused tech e-commerce player with a loyal community and visible innovation around AI and logistics, but its recent financial track record shows declining revenue from earlier highs and a shift from small profits to recurring losses. The balance sheet is not overly burdened by debt but has a thinner equity base than in the past, limiting its safety margin. Cash flows are roughly flat, suggesting the business is stable enough to operate but not yet generating robust surplus cash. Strategically, the company’s strengths lie in specialization, community, and technology, while key risks center on intense competition, tight margins, and the challenge of turning promising innovations into durable, profitable growth.

NEWS

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