Arlo Technologies, Inc. (ARLO)

Arlo Technologies Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	510.89	491.18	490.41	435.14	357.15
Revenue Growth (YoY)	4.01%	0.15%	12.70%	21.83%	-3.47%
Cost of Revenue	323.38	323.61	354.38	327.1	301.77
Gross Profit	187.5	167.56	136.04	108.04	55.39
Selling, General & Admin	145.86	122.51	126.01	98.4	100.16
Research & Development	73.18	68.65	64.71	59.06	60.14
Other Operating Expenses	0.85	0.62	0.39	1.6	-0.04
Operating Expenses	219.89	191.77	191.11	159.06	160.25
Operating Income	-32.39	-24.21	-55.07	-51.02	-104.86
Interest Expense	-0.49	-0.37	-0.28	-	-
Interest & Investment Income	6.07	4.31	1.2	0.01	0.8
Other Non Operating Income (Expenses)	-0.1	0.11	0.3	4.78	3.44
EBT Excluding Unusual Items	-26.91	-20.17	-53.85	-46.24	-100.63
Merger & Restructuring Charges	-2.5	-0.69	-1.81	-	-
Asset Writedown	-	-	-	-9.12	-
Pretax Income	-29.41	-20.86	-55.65	-55.35	-100.63
Income Tax Expense	1.09	1.18	0.98	0.68	0.63
Net Income	-30.5	-22.04	-56.63	-56.03	-101.25
Net Income to Common	-30.5	-22.04	-56.63	-56.03	-101.25
Shares Outstanding (Basic)	99	93	87	83	78
Shares Outstanding (Diluted)	99	93	87	83	78
Shares Change (YoY)	6.33%	6.40%	5.42%	5.90%	4.01%
EPS (Basic)	-0.31	-0.24	-0.65	-0.68	-1.30
EPS (Diluted)	-0.31	-0.24	-0.65	-0.68	-1.30
Free Cash Flow	48.62	35.46	-47.97	-25.47	-50.42
Free Cash Flow Per Share	0.49	0.38	-0.55	-0.31	-0.65
Gross Margin	36.70%	34.12%	27.74%	24.83%	15.51%
Operating Margin	-6.34%	-4.93%	-11.23%	-11.73%	-29.36%
Profit Margin	-5.97%	-4.49%	-11.55%	-12.88%	-28.35%
Free Cash Flow Margin	9.52%	7.22%	-9.78%	-5.85%	-14.12%
EBITDA	-29.19	-19.55	-50.31	-45.05	-94.66
EBITDA Margin	-5.71%	-3.98%	-10.26%	-10.35%	-26.50%
D&A For EBITDA	3.2	4.66	4.77	5.98	10.21
EBIT	-32.39	-24.21	-55.07	-51.02	-104.86
EBIT Margin	-6.34%	-4.93%	-11.23%	-11.72%	-29.36%
Revenue as Reported	510.89	491.18	490.41	435.14	357.15
Advertising Expenses	18.9	17.9	27.1	9.6	12.7

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q