Netlist Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	30.66	31.78	22.51	40.45	25.01	47.68
Cash & Short-Term Investments	30.66	31.78	22.51	40.45	25.01	47.68
Cash Growth	66.26%	41.21%	-44.35%	61.71%	-47.54%	257.79%
Receivables	3.15	2.41	1.67	4.56	8.24	12.73
Inventory	26.87	3.38	2.74	12.03	10.69	15.67
Prepaid Expenses	0.73	0.33	0.73	0.44	1.31	1.13
Restricted Cash	10	10.3	12.1	12.4	18.6	10.8
Total Current Assets	71.41	48.21	39.76	69.88	63.85	88
Property, Plant & Equipment	1.49	0.84	1.62	2.36	3.18	2.88
Other Long-Term Assets	0.42	0.43	0.47	0.56	0.3	0.29
Total Assets	73.31	49.48	41.84	72.8	67.32	91.18
Accounts Payable	41.37	20.61	42.31	39.83	28.47	25.89
Accrued Expenses	1.54	0.85	0.81	1.35	3.56	1.6
Short-Term Debt	2.63	1.79	1.23	3.84	4.94	7
Current Portion of Long-Term Debt	0.16	-	-	-	0.45	0.56
Current Portion of Leases	0.59	0.62	0.64	0.71	0.66	0.34
Current Unearned Revenue	3.02	30.57	0.04	-	-	-
Other Current Liabilities	-	0.2	2.03	1.86	-	-
Total Current Liabilities	49.31	54.64	47.06	47.59	38.07	35.39
Long-Term Leases	0.8	0.02	0.64	1.22	1.84	1.63
Other Long-Term Liabilities	0.02	0.02	0.18	0.23	0.17	0.11
Total Liabilities	50.13	54.68	47.89	49.04	40.09	37.13
Common Stock	0.34	0.31	0.27	0.25	0.23	0.23
Additional Paid-In Capital	375.31	357	331.37	307.33	250.43	243.87
Retained Earnings	-352.46	-362.51	-337.69	-283.82	-223.43	-190.06
Shareholders' Equity	23.18	-5.2	-6.05	23.76	27.24	54.04
Total Liabilities & Equity	73.31	49.48	41.84	72.8	67.32	91.18
Total Debt	4.18	2.43	2.52	5.77	7.88	9.54
Net Cash (Debt)	26.47	29.35	19.99	34.67	17.13	38.14
Net Cash Growth	63.58%	46.83%	-42.35%	102.45%	-55.10%	-
Net Cash Per Share	0.08	0.10	0.08	0.14	0.07	0.17
Filing Date Shares Outstanding	327.59	316.52	273.94	254.95	235.52	230.57
Total Common Shares Outstanding	327.59	307.34	271.99	253.59	232.56	230.11
Working Capital	22.1	-6.43	-7.31	22.29	25.77	52.61
Book Value Per Share	0.07	-0.02	-0.02	0.09	0.12	0.23
Tangible Book Value	23.18	-5.2	-6.05	23.76	27.24	54.04
Tangible Book Value Per Share	0.07	-0.02	-0.02	0.09	0.12	0.23
Machinery	-	3.19	3.16	10.31	10.98	10.43
Construction In Progress	-	-	-	0.01	0.01	0.27
Leasehold Improvements	-	0.11	0.5	0.77	0.78	0.64