Loading financials from SEC filings…
Communication equipment · Technology · Fiscal year ends Jun 30
Extreme Networks reported revenue of $1.3B in the fiscal year ended Jun 2026, up 12.6% from the year before. Operating income was $63M, an operating margin of 4.9%, and net income was $42M. Operating cash flow of $123M less capital expenditure of $28M left free cash flow of $95M. It held more cash than debt (net cash $48M).
Ranks among the 15 communication equipment companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1,112 | 1,312 | 1,117 | 1,140 | 1,284 |
| Cost of revenue | 482 | 558 | 486 | 431 | 494 |
| Gross profit | 630 | 755 | 631 | 709 | 789 |
| Research & development | 191 | 214 | 212 | 221 | 234 |
| Selling, general & admin | 363 | 427 | 446 | 467 | 490 |
| Operating income | 64.2 | 108 | −65.2 | 16.9 | 62.7 |
| Interest expense | 12.8 | 17.4 | 17.0 | 15.9 | 13.8 |
| Pre-tax income | 52.2 | 94.1 | −77.5 | 4.3 | 51.5 |
| Income tax | 7.9 | 16.0 | 8.5 | 11.7 | 9.4 |
| Net income | 44.3 | 78.1 | −86.0 | −7.5 | 42.1 |
| Diluted EPS | 0.33 | 0.58 | −0.66 | −0.06 | 0.31 |
| Diluted shares | 133 | 134 | 129 | 132 | 135 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 195 | 235 | 157 | 232 | 212 |
| Receivables | 184 | 182 | 89.5 | 127 | 165 |
| Inventory | 49.2 | 89.0 | 141 | 103 | 70.0 |
| Current assets | 489 | 576 | 467 | 535 | 550 |
| Net PP&E | 49.6 | 46.4 | 43.7 | 44.4 | 58.1 |
| Goodwill | 400 | 395 | 394 | 400 | 398 |
| Total assets | 1,069 | 1,142 | 1,043 | 1,153 | 1,178 |
| Payables | 84.3 | 99.7 | 51.4 | 63.9 | 89.4 |
| Deferred revenue | 238 | 282 | 306 | 325 | 330 |
| Current liabilities | 500 | 576 | 518 | 588 | 593 |
| Short-term debt | 33.3 | 34.3 | 9.3 | 14.3 | 19.3 |
| Long-term debt | 271 | 188 | 178 | 164 | 144 |
| Total liabilities | 978 | 1,025 | 1,017 | 1,088 | 1,089 |
| Shareholders' equity | 90.3 | 117 | 25.3 | 65.6 | 88.6 |
| Backlog (remaining obligations) | 402 | 502 | 575 | 618 | 653 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 128 | 249 | 55.5 | 152 | 123 |
| Capital expenditure | 15.4 | 13.8 | 18.1 | 24.7 | 27.9 |
| Free cash flow | 113 | 235 | 37.4 | 127 | 95.2 |
| Depreciation & amortisation | 20.2 | 19.9 | 24.1 | 14.7 | 15.8 |
| Stock-based compensation | 43.4 | 63.5 | 76.8 | 82.3 | 88.3 |
| Share buybacks | 45.0 | 99.9 | 49.9 | 38.0 | 87.0 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 18.0% | −14.9% | 2.0% | 12.6% |
| Operating income growth (YoY) | – | 68.7% | −160.2% | – | 269.9% |
| EPS growth (YoY) | – | 75.8% | −213.8% | – | – |
| Gross margin | 56.6% | 57.5% | 56.5% | 62.2% | 61.5% |
| Operating margin | 5.8% | 8.3% | −5.8% | 1.5% | 4.9% |
| Net margin | 4.0% | 5.9% | −7.7% | −0.7% | 3.3% |
| Return on equityBlank when equity is negative | 49.0% | 66.9% | −340.0% | −11.4% | 47.5% |
| ROCEEBIT ÷ (assets − current liabilities) | 11.3% | 19.1% | −12.4% | 3.0% | 10.7% |
| Free cash flow margin | 10.1% | 17.9% | 3.3% | 11.2% | 7.4% |
| Cash conversion (CFO ÷ net income) | 2.90x | 3.19x | −0.65x | −20.4x | 2.92x |
| Receivable days | 60 | 51 | 29 | 41 | 47 |
| Inventory days | 37 | 58 | 106 | 87 | 52 |
| Payable days | 64 | 65 | 39 | 54 | 66 |
| Interest cover | 5.02x | 6.23x | −3.84x | 1.06x | 4.55x |
| Debt ÷ equity | 3.36x | 1.90x | 7.42x | 2.71x | 1.85x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 109 | −12.9 | 30.9 | −53.8 | −48.0 |
| Current ratio | 0.98x | 1.00x | 0.90x | 0.91x | 0.93x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.