Netlist, Inc. (NLST)
OTCMKTS · Delayed Price · Currency is USD
4.070
+0.150 (3.83%)
Aug 10, 2026, 9:30 AM EST

Netlist Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Jan '22
Revenue
332.69188.63147.169.21161.64142.36
Revenue Growth
129.21%28.23%112.56%-57.18%13.54%201.38%
Gross Profit
54.0211.442.882.3911.8948.9
Operating Income
20.64-5.28-17.27-19.19-13.0830.88
Net Income
0.79-24.82-53.87-60.4-33.374.83
Earnings Per Share
0.00-0.09-0.21-0.25-0.140.02
EPS Growth
------

Revenue by Geography

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Jan '22
United States
11.2219.7415.2539.5553.52
People's Republic of China (Incl. Hong Kong and Taiwan)
170.75124.1750.29114.4839.48
Other Countries
6.663.193.667.619.36
Total
188.63147.169.21161.64102.36

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Jan '22
Cash & Investments
30.6631.7822.5140.4525.0147.68
Total Debt
4.182.432.525.777.889.54
Net Cash (Debt)
26.4729.3519.9934.6717.1338.14
Net Cash Growth
63.58%46.83%-42.35%102.45%-55.10%-
Net Cash Per Share
0.080.100.080.140.070.17

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Jan '22
Operating Cash Flow
--14.74-34.59-41.6-156.01
Capital Expenditures
--0.04-0.07--0.47-0.52
Free Cash Flow
--14.78-34.66-41.6-15.465.49
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Jan '22
Gross Margin
16.24%6.07%1.96%3.46%7.36%34.35%
Operating Margin
6.20%-2.80%-11.74%-27.72%-8.09%21.69%
Pretax Margin
0.24%-13.16%-36.62%-87.27%-20.64%8.05%
Profit Margin
0.24%-13.16%-36.62%-87.27%-20.64%3.39%
FCF Margin
--7.83%-23.56%-60.11%-9.57%3.85%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Jan '22
PE Ratio
1658.26----307.80
Forward PE
3.7312.7912.7978.1878.1878.18
P/FCF Ratio
-----271.00
PS Ratio
3.931.421.556.891.6610.45