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Nasdaq · Technology

EXTREME NETWORKS INC (EXTR)

As-reported financials and SEC filings for EXTREME NETWORKS INC. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About EXTREME NETWORKS INC

Extreme Networks Inc provides AI-powered cloud networking solutions designed to simplify and secure connections among devices, applications, and users. The company designs, develops, and manufactures wired, wireless, and software-defined wide area network infrastructure equipment, serving customers across various industries including sports, hospitality, retail, transportation, education, government, healthcare, manufacturing, and service providers. Its main products include networking equipment, software subscriptions, and related maintenance contracts, with a focus on its integrated Extreme Platform ONE solution that combines networking, security, and AI capabilities.

Snapshot

Revenue
$1.28B
Revenue growth (YoY)
12.6%
Net income
$42.1M
Diluted EPS
$0.31
Gross margin
61.5%
Operating margin
4.9%
Net margin
3.3%
FCF margin
7.4%
ROE
47.5%
net income / fiscal-year-end equity
P/E
72.8×
trailing when available, otherwise FY EPS
Market cap
$2.95B
Long-term debt / equity
1.63×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended June 30, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Extreme Networks

  • Revenue grew 12.6% to $1.3B in FY2026, faster than the 2.0% the year before.
  • Operating margin is 4.9% in FY2026, -0.9 pp against 5.8% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $339M, up 10.3% from Q4 FY2025.
  • Free cash flow was $95M in FY2026, 7.4% of revenue.
  • Net income turned positive at $42M in FY2026, from a $7M loss in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Extreme Networks’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin61.5%
64th percentile of 509
Operating margin4.9%
56th percentile of 563
Net margin3.3%
52nd percentile of 577
FCF margin7.4%
43rd percentile of 544
Revenue growth (YoY)+12.6%
57th percentile of 616
ROE47.5%
94th percentile of 540
P/E72.8×
85th percentile of 330
Long-term debt / equity1.63×
88th percentile of 278
Short interest3.46d
55th percentile of 622

Extreme Networks’s return on equity of 47.5% ranks in the 94th percentile of the 540 Technology companies reporting it. Extreme Networks’s long-term debt to equity of 1.63 ranks in the 88th percentile of the 278 Technology companies reporting it. Extreme Networks’s P/E of 72.8 ranks in the 85th percentile of the 330 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 8 insider sales totaling $6.1M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
7
1 new, 6 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$202.8M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$60.3M1.9MReduced
Millennium ManagementquantQ2 2026$33.3M1.0MAdded
D. E. ShawquantQ2 2026$30.4M938.2KReduced
Two Sigma InvestmentsquantQ2 2026$26.3M812.6KAdded
First Eagle Investment ManagementQ2 2026$18.9M582.9KAdded
Citadel AdvisorsquantQ2 2026$17.3M534.8KAdded
AQR Capital ManagementquantQ2 2026$13.8M426.0KAdded
Bridgewater AssociatesQ2 2026$1.8M55.3KAdded
Maverick CapitalQ2 2026$465,57814.4KNew
Gotham Asset ManagementQ2 2026$309,3929.6KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
8
$6.1M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
RHODES KEVIN REVP Chief Financial OfficerSell21.8K$22.30$487K
2026-08-10
filed 2026-08-11
Khanna RajDirectorSell15.0K$24.20$363K
2026-08-03
filed 2026-08-04
MEYERCORD EDWARDPRESIDENT AND CEOSell25.4K$29.79$757K
2026-08-03
filed 2026-08-04
MEYERCORD EDWARDPRESIDENT AND CEOSell24.6K$29.78$732K
2026-07-01
filed 2026-07-02
MEYERCORD EDWARDPRESIDENT AND CEOSell50.0K$31.71$1.6M
2026-06-12
MOTIEY KATAYOUNChief Legal Admin Sust OfficerSell30.0K$31.03$931K
2026-06-11
filed 2026-06-12
RHODES KEVIN REVP Chief Financial OfficerSell35.0K$30.43$1.1M
2026-06-08
MOTIEY KATAYOUNChief Legal Admin Sust OfficerSell7.5K$30.00$225K
2026-06-02
MEYERCORD EDWARDPRESIDENT AND CEOSell100.0K$29.20$2.9M
2026-06-02
MOTIEY KATAYOUNChief Legal Admin Sust OfficerSell7.5K$29.00$218K
2026-06-01
filed 2026-06-02
MEYERCORD EDWARDPRESIDENT AND CEOSell41.4K$27.77$1.1M
2026-06-01
filed 2026-06-02
MEYERCORD EDWARDPRESIDENT AND CEOSell8.6K$27.03$232K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.4M
settled 2026-08-14
Change vs prior
-3.5%
vs previous settlement
Days to cover
3.46
at avg daily volume
Avg daily volume
2.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-147.4M-3.5%3.46
2026-07-317.7M+5.1%5.22
2026-07-157.3M-7.9%3.80
2026-06-307.9M+20.9%3.03
2026-06-156.5M-22.3%3.16
2026-05-298.4M-0.5%4.25
2026-05-158.5M-0.3%2.96
2026-04-308.5M-7.8%2.29

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$1.28B$1.14B$1.12B$1.31B$1.11B
Gross profit$789.1M$709.1M$630.8M$754.7M$629.9M
Operating income$62.7M$16.9M$-65.2M$108.3M$64.2M
Net income$42.1M$-7.5M$-86.0M$78.1M$44.3M
Diluted EPS$0.31$-0.06$-0.66$0.58$0.33

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$211.8M$231.7M$156.7M$234.8M$194.5M
Current assets$549.8M$535.3M$466.9M$576.2M$489.1M
Total assets$1.18B$1.15B$1.04B$1.14B$1.07B
Current liabilities$592.7M$587.9M$517.6M$575.5M$500.2M
Long-term debt$144.4M$163.7M$178.3M$187.6M$270.6M
Total liabilities$1.09B$1.09B$1.02B$1.02B$978.2M
Total equity$88.6M$65.6M$25.3M$116.8M$90.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$123.2M$152.0M$55.5M$249.2M$128.2M
Capital expenditure$27.9M$24.7M$18.1M$13.8M$15.4M
Free cash flow$95.2M$127.3M$37.4M$235.4M$112.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$338.5M10.3%$18.0M$0.13
Q3 FY2026$316.9M11.4%$10.6M$0.08
Q2 FY2026$317.9M13.8%$7.9M$0.06
Q1 FY2026$310.2M15.2%$5.6M$0.04
Q4 FY2025$307.0M19.6%$-7.8M$-0.06
Q3 FY2025$284.5M34.8%$3.5M$0.03
Q2 FY2025$279.4M-5.7%$7.4M$0.06
Q1 FY2025$269.2M-23.8%$-10.5M$-0.08

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryComputer Communications Equipment
Latest annual periodFY2026 (ended June 30, 2026)
Latest reported quarterQ4 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK1078271

Selected SEC filings

10-K2026-08-17
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-08-26
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-04-29
View on EDGAR →

Largest Technology peers

All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.