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NASDAQ NMS - GLOBAL MARKET · Retail · CIK 0001474627
$10.56
-2.40% · delayed ~15 min
Last price from Oct 21, 2026
$221.5M market value
From Newegg Commerce, Inc.'s FY2025 20-F, filed Apr 28, 2026 · read the filing
Newegg Commerce runs retail stores. It took in $1.44B last year, which makes it a mid-sized company. It spends more than it earns — losing about 0 cents on every dollar of sales.
The financial picture is led by growth, while profitability and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 0.62
Recent open-market selling by 8 insiders, not under a pre-arranged plan.
$566.5K sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From Newegg Commerce, Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
-$51.6M → -$9.5M
Profit
-$43.3M → -$4.9M
Free cash flow
-$4.4M → -$29.7M
Earnings per share
-$2.22 → -$0.23
Measured against FY2024, from the 20-F filed Apr 28, 2026
Improved: $42.0M narrower
-$51.6M to -$9.5MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: $38.4M narrower
-$43.3M to -$4.9MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
NEGG fell 2.40% on the latest quote. The average Consumer Discretionary company tracked here moved +2.31%, and the S&P 500 −1.04%. That is 4.7 points below its sector and 1.4 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 7 analysts covering this company, as of . Their views, not this site's.
Of 7 analysts publishing on this company, 2 say strong buy, 4 say buy and 1 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $4.9M last year, losing about 0 cents on every dollar of sales.
Yes, quickly. Sales grew 16.9% last year.
Manageable. For every $1 it owes, it owns $1.52 in assets. Its operating profit does not cover its interest bill — -9.46x against the interest it owes. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it lost $4.9M and generated -$27.0M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202520-F · Apr 28, 2026Filing for FY2025 | FY202420-F · Apr 28, 2025Filing for FY2024 | FY202320-F · Apr 28, 2025Filing for FY2023 | FY202220-F · Apr 24, 2024Filing for FY2022 | FY202120-F · Apr 24, 2024Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $1.44B | $1.24B | $1.50B | $1.72B | $2.38B | +16.9% |
| Cost of revenue | $1.28B | $1.10B | $1.33B | $1.50B | $2.05B | +15.6% |
| Gross profit | $168.5M | $131.5M | $167.6M | $216.6M | $326.0M | +28.1% |
| Gross marginGross profit ÷ revenueWhat is this? | 11.7% | 10.6% | 11.2% | 12.6% | 13.7% | +1.0 pts |
| Selling, general and administrative | $178.0M | $183.0M | $238.6M | $266.2M | $292.5M | −2.7% |
| Operating income | -$9.5M | -$51.6M | -$71.1M | -$49.5M | $33.5M | +81.5% |
| Operating marginOperating income ÷ revenueWhat is this? | -0.7% | -4.2% | -4.7% | -2.9% | 1.4% | +3.5 pts |
| Interest expense | $1.0M | $952.0K | $2.5M | $685.0K | $612.0K | +6.0% |
| Income before tax | -$2.9M | -$44.6M | -$61.7M | -$43.3M | $30.5M | +93.5% |
| Net income | -$4.9M | -$43.3M | -$59.0M | -$57.4M | $36.3M | +88.7% |
| Net marginNet income ÷ revenueWhat is this? | -0.3% | -3.5% | -3.9% | -3.3% | 1.5% | +3.2 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-0.2327 | $-2.22 | $-3.10 | $-0.1525 | $0.0981 | +89.5% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| NEGGNewegg Commerce, Inc. · this page | 4.7/10 | 4/8 | 16.9% | -0.3% | — |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 3,582 shares at $10.67 ($38.2K)
Holds 2,865,163 shares after this filing.
Sold on the open market — 3,582 shares at $10.64 ($38.1K)
Holds 2,861,581 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Report filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingWrite down why you are following Newegg Commerce, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
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U.S. Shoppers Can Now Discover and Purchase Eligible Newegg Products Directly Within the Gemini App, and Google Search, Including AI Mode
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Newegg's FantasTech Sale II Returns: Thousands of Tech Deals, from Gaming PCs and GPUs to Laptops and Monitors
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Newegg Commerce Deserves A Rare Double-Upgrade
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from NEGG's 20-F for fiscal year 2025 (period ending 2025-12-31, filed Apr 28, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 4.7 | 4/8 | 20-F, filed Apr 28, 2026 |
| FY2024 | 2.0 | 4/8 | 20-F, filed Apr 28, 2025 |
| FY2023 | 4.0 | 3/9 | 20-F, filed Apr 24, 2024 |
| FY2022 | 3.0 | 6/9 | 20-F, filed Apr 27, 2023 |
| FY2021 | 4.0 | 4/9 | 20-F, filed Apr 28, 2022 |
| FY2020 | 4.7 | 5/8 | 20-F, filed Apr 28, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
0.62
In the distress zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: $25.2M wider
-$4.4M to -$29.7MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: $1.99 narrower
-$2.22 to -$0.23Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +16.9%
$1.24B to $1.44BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +28.1%
$131.5M to $168.5MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +3.5 pts
-4.2% to -0.7%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +3.2 pts
-3.5% to -0.3%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +7.7%
19.5M to 21.0MSignificant
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Changed: -25.6%
$3.6M to $2.7MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +1.0 pts
10.6% to 11.7%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +12.0%
$96.3M to $107.8MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 1.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 52.3x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
* Valuation inputs marked stale are based on an annual filing older than eighteen months. The market value is current, but the denominator is not.
| 1.92x |
| BBYBEST BUY CO INC | 8.0/10 | 7/9 | 0.4% | 2.6% | 19.53x | 3.95x |
|---|
| Median of peers | 8.0/10 | — | 0.4% | 2.6% | 19.53x | 3.95x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Sold on the open market — 3,582 shares at $11.13 ($39.9K)
Holds 2,872,327 shares after this filing.
Sold on the open market — 3,582 shares at $10.71 ($38.4K)
Holds 2,868,745 shares after this filing.
Sold on the open market — 3,582 shares at $10.64 ($38.1K)
Holds 2,879,491 shares after this filing.
Sold on the open market — 3,582 shares at $11.04 ($39.6K)
Holds 2,875,909 shares after this filing.
Sold on the open market — 3,582 shares at $11.30 ($40.5K)
Holds 2,886,655 shares after this filing.
Sold on the open market — 3,582 shares at $10.98 ($39.3K)
Holds 2,883,073 shares after this filing.
Sold on the open market — 3,582 shares at $11.65 ($41.7K)
Holds 2,893,819 shares after this filing.
Sold on the open market — 3,582 shares at $11.63 ($41.7K)
Holds 2,890,237 shares after this filing.
Sold on the open market — 3,582 shares at $11.97 ($42.9K)
Holds 2,900,983 shares after this filing.
Sold on the open market — 3,582 shares at $11.83 ($42.4K)
Holds 2,897,401 shares after this filing.
Sold on the open market — 3,582 shares at $11.88 ($42.6K)
Holds 2,908,147 shares after this filing.
Sold on the open market — 3,582 shares at $11.82 ($42.3K)
Holds 2,904,565 shares after this filing.
Exercised stock options — 105 shares at $13.20 ($1.4K)
Holds 2,493 shares after this filing.
Had shares withheld to cover taxes — 38 shares at $13.20 ($501.60)
Holds 2,455 shares after this filing.
Sold on the open market — 67 shares at $13.20 ($884.40)
Holds 2,388 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 67 shares ($884.40) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 113,900 shares ($1.9M) on or after .
Shares originally obtained via Merger.
Filed notice to sell 67 shares ($1.1K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 229,248 shares ($3.7M) on or after .
Shares originally obtained via Merger.
Filed notice to sell 39,414 shares ($658.2K) on or after .
Shares originally obtained via Shares were purchased from the Issuer pursuant to a Share Purchase Agreement dated April 28, 2016.
Filed notice to sell 67 shares ($853.58) on or after .
Shares originally obtained via Restricted Stock Vesting.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Report filed on Form 6-K
Report filed on Form 6-K
Read the filingAnnual report for FY2025
Revenue +16.9% · Operating margin +3.5 pts · Operating income $42.0M narrower — against FY2024
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingAnnual report for FY2024
Revenue -17.5% · Free cash flow $29.7M narrower · Capital spending -88.0% — against FY2023
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingReport filed on Form 6-K
Read the filingSeekingAlpha ·
Primary sources and further research