Netlist, Inc. (NLST)

Netlist Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022
Revenue	188.63	147.1	69.21	161.64	142.36
Revenue Growth (YoY)	28.23%	112.56%	-57.18%	13.54%	201.38%
Cost of Revenue	177.19	144.22	66.81	149.75	93.46
Gross Profit	11.44	2.88	2.39	11.89	48.9
Selling, General & Admin	13.22	12.09	12.41	14.35	10.78
Research & Development	3.5	8.06	9.16	10.62	7.24
Operating Expenses	16.72	20.15	21.58	24.97	18.02
Operating Income	-5.28	-17.27	-19.19	-13.08	30.88
Interest Expense	-	-	-	-	-0.57
Interest & Investment Income	0.52	1.05	1.3	0.06	-
Other Non Operating Income (Expenses)	0.16	0.32	0.06	0.07	0.64
EBT Excluding Unusual Items	-4.59	-15.91	-17.83	-12.95	30.95
Legal Settlements	-20.23	-37.96	-42.57	-20.42	-19.49
Pretax Income	-24.82	-53.86	-60.4	-33.37	11.46
Income Tax Expense	-	0	0	0	6.63
Net Income	-24.82	-53.87	-60.4	-33.37	4.83
Net Income to Common	-24.82	-53.87	-60.4	-33.37	4.83
Shares Outstanding (Basic)	287	260	244	231	218
Shares Outstanding (Diluted)	287	260	244	231	226
Shares Change (YoY)	10.29%	6.47%	5.46%	2.61%	22.87%
EPS (Basic)	-0.09	-0.21	-0.25	-0.14	0.02
EPS (Diluted)	-0.09	-0.21	-0.25	-0.14	0.02
Free Cash Flow	-14.78	-34.66	-41.6	-15.46	5.49
Free Cash Flow Per Share	-0.05	-0.13	-0.17	-0.07	0.02
Gross Margin	6.07%	1.96%	3.46%	7.36%	34.35%
Operating Margin	-2.80%	-11.74%	-27.72%	-8.09%	21.69%
Profit Margin	-13.16%	-36.62%	-87.27%	-20.64%	3.39%
Free Cash Flow Margin	-7.83%	-23.56%	-60.11%	-9.57%	3.85%
EBITDA	-5	-16.93	-18.82	-12.74	31
EBITDA Margin	-2.65%	-11.51%	-27.19%	-7.88%	21.78%
D&A For EBITDA	0.28	0.35	0.37	0.34	0.13
EBIT	-5.28	-17.27	-19.19	-13.08	30.88
EBIT Margin	-2.80%	-11.74%	-27.72%	-8.09%	21.69%
Effective Tax Rate	-	-	-	-	57.84%
Revenue as Reported	-	-	-	161.64	142.36

Source: S&P Global Market Intelligence. Standard template. Financial Sources.