Cambium Networks Corporation (CMBM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 24	-$0.17	-$0.14	+17.6%	—	$43.7M	—
Q2 24	-$0.21	-$0.25	-19.0%	—	$45.9M	—
Q1 24	-$0.24	-$0.46	-91.7%	—	$42.3M	—
Q4 23	-$0.39	-$0.95	-143.6%	—	$40.2M	—
Q3 23	-$0.09	-$0.44	-388.9%	—	$43M	—
Q2 23	$0.21	$0.03	-85.7%	—	$59.5M	—
Q1 23	$0.2	$0.24	+20.0%	—	$77.4M	—
Q4 22	$0.25	$0.36	+44.0%	—	$84.5M	—
Q3 22	$0.19	$0.4	+110.5%	—	$81.2M	—
Q2 22	$0.06	$0.18	+200.0%	—	$69.3M	—
Q1 22	—	$0.01	—	—	$61.9M	—
Q4 21	$0.15	$0.16	+6.7%	—	$78.7M	—
Q3 21	$0.2	$0.23	+15.0%	—	$75.9M	—
Q2 21	$0.33	$0.45	+36.4%	—	$92.7M	—
Q1 21	$0.33	$0.41	+24.2%	—	$88.5M	—
Q4 20	$0.27	$0.38	+40.7%	—	$82.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$1.34	—	—	$159.6M	—
FY24	—	-$2.65	—	—	$177.3M	—
FY23	—	-$2.31	—	—	$220.2M	—
FY22	—	$0.75	—	—	$296.9M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$181.4M	$216.7M	$241.8M	$267M	$278.5M	$335.9M	$296.9M	$220.2M	$177.3M	$159.6M
YoY change	—	+19.4%	+11.6%	+10.5%	+4.28%	+20.6%	-11.6%	-25.8%	-19.5%	-9.95%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	181.4M	216.7M	241.8M	267M	278.5M	335.9M	296.9M	220.2M	177.3M	159.6M
Cost of revenue	91.7M	106M	126.3M	135.8M	139M	175.1M	151.8M	151.4M	114.4M	95.5M
Gross profit	89.7M	110.7M	115.5M	131.2M	139.4M	160.8M	145.1M	68.8M	62.9M	64.2M
Gross margin	49.5%	51.1%	47.8%	49.1%	50.1%	47.9%	48.9%	31.3%	35.5%	40.2%
Research & development	26.3M	32.2M	38.9M	47.7M	46.4M	51.3M	49.9M	53.5M	39.3M	32.9M
Selling, general & administrative	42.8M	54.8M	61.5M	76.4M	62.5M	66.9M	69.4M	70M	62.7M	57.6M
Operating expenses	69.1M	87M	100.4M	124.1M	108.8M	118.2M	119.3M	123.5M	102M	90.5M
Operating income	12.2M	14.9M	6.4M	1.3M	23.9M	36.4M	19.9M	-60.9M	-44.9M	-27.8M
Operating margin	6.72%	6.86%	2.63%	0.49%	8.6%	10.8%	6.7%	-27.6%	-25.3%	-17.4%
Non-operating income, net	-165K	-474K	-550K	-546K	-491K	-244K	114K	-271K	-25.6M	-199K
Pretax income	4.5M	9.4M	-2.3M	-7.3M	18.1M	31.9M	18M	-63.6M	-76.3M	-37M
Income tax	1.5M	-418K	-799K	10.3M	-444K	-5.5M	-2.2M	13.8M	-1.9M	1.5M
Net income	2.9M	9.8M	-1.5M	-17.6M	18.6M	37.4M	20.2M	-77.4M	-74.5M	-38.5M
Net margin	1.61%	4.52%	-0.63%	-6.59%	6.67%	11.1%	6.8%	-35.2%	-42%	-24.1%
EBITDA	20.5M	23.3M	14.8M	7.1M	30.7M	43.2M	27.6M	-52.1M	-35.3M	-23.1M
EPS	0.11	0.49	-0.08	-0.89	0.72	1.42	0.75	-2.31	-2.65	-1.34
Diluted EPS	0.11	0.49	-0.08	-0.89	0.7	1.31	0.72	-2.31	-2.65	-1.34

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	77.4M	59.5M	43M	40.2M	42.3M	45.9M	43.7M	94.8M	39.4M	43M	43.5M	44.6M
Cost of revenue	37.7M	30.3M	32.1M	51.2M	33.7M	31.5M	26.3M	58.5M	23.3M	26.6M	26.5M	21.9M
Gross profit	39.7M	29.2M	11M	-11M	8.7M	14.4M	17.4M	36.3M	16.1M	16.4M	17.1M	22.7M
Gross margin	51.2%	49.1%	25.5%	-27.4%	20.5%	31.4%	39.9%	38.3%	40.8%	38.2%	39.2%	50.8%
Research & development	14.3M	13M	13.2M	13.1M	10.8M	9.1M	9.3M	24.3M	7.4M	7.7M	8.4M	7.9M
Selling, general & administrative	18.3M	17.4M	18.4M	15.9M	17.2M	15.7M	14.5M	23.5M	14.6M	14.2M	14.1M	15.6M
Operating expenses	32.6M	30.4M	31.5M	29M	28M	24.8M	23.8M	47.8M	22M	21.8M	22.5M	23.5M
Operating income	5.6M	-2.7M	-22.1M	-41.6M	-21M	-12.1M	-8.1M	-12.7M	-6.4M	-5.8M	-5.9M	-1.2M
Operating margin	7.19%	-4.54%	-51.3%	-103.5%	-49.6%	-26.3%	-18.4%	-13.4%	-16.3%	-13.6%	-13.6%	-2.63%
Non-operating income, net	-154K	-64K	-63K	10K	-59K	-3K	-8K	-201K	-125K	61K	-72K	225K
Pretax income	4.8M	-3.3M	-22.8M	-42.3M	-21.9M	-13.4M	-9.5M	-11.8M	-8.9M	-8.2M	-8.3M	-3M
Income tax	538K	-704K	3.4M	10.5M	4.5M	-4.3M	206K	17M	258K	341K	571K	408K
Net income	4.3M	-2.6M	-26.2M	-52.9M	-26.4M	-9.1M	-9.7M	-28.8M	-9.1M	-8.5M	-8.9M	-3.4M
Net margin	5.52%	-4.44%	-60.9%	-131.5%	-62.5%	-19.9%	-22.1%	-30.4%	-23.2%	-19.8%	-20.4%	-7.64%
EBITDA	7.5M	-545K	-19.9M	-39.2M	-18.5M	-9.5M	-5.4M	-11M	-5.9M	-2.3M	-4.8M	115K
EPS	0.16	-0.1	-0.95	-1.41	-0.95	-0.33	-0.34	—	-0.32	-0.3	—	-0.12
Diluted EPS	0.15	-0.1	-0.95	-1.41	-0.95	-0.33	-0.34	—	-0.32	-0.3	—	-0.12

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	172.5M	—	677.2M	583.3M	165.1M	18.1M	41.4M	2.5M
Enterprise value	—	—	—	222.1M	—	651.4M	565M	179.6M	61M	106.4M	42.4M
Shares outstanding	19.8M	19.8M	19.8M	19.7M	25.7M	26.4M	26.9M	27.5M	28.1M	28.8M	28.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	18.1	28.9	—	—	—	6.11
P/S	—	—	—	0.65	—	2.02	1.96	0.75	0.1	0.26	0.07
P/B	—	—	—	4.32	—	6.04	4.01	2.7	-5.59	-1.15	0.26
EV/EBITDA	—	—	—	31.2	—	15.1	20.5	-3.45	-1.73	-4.6	-0.55
EV/Sales	—	—	—	0.83	—	1.94	1.9	0.82	0.34	0.67	0.25
Earnings yield	—	—	—	—	—	5.53%	3.46%	—	—	—	16.4%
FCF yield	—	—	—	-0.23%	—	2.92%	-2.11%	-17.1%	-148.5%	-53.3%	109.1%
PEG	—	—	—	—	—	—	—	—	—	—	-2.51

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49.5%	51.1%	47.8%	49.1%	50.1%	47.9%	48.9%	31.3%	35.5%	40.2%	50.8%
Operating margin	6.72%	6.86%	2.63%	0.49%	8.6%	10.8%	6.7%	-27.6%	-25.3%	-17.4%	-18.4%
Net margin	1.61%	4.52%	-0.63%	-6.59%	6.67%	11.1%	6.8%	-35.2%	-42%	-24.1%	-57%
ROE	—	-55%	7.36%	-44.1%	29.3%	33.4%	13.9%	-126.7%	2.3K%	107.2%	-112.9%
ROA	—	8.06%	-1.07%	-10.2%	9.03%	16.1%	7.5%	-37%	-42.9%	-28.1%	-22.1%
ROIC	—	23.9%	8.14%	1.45%	41%	42.1%	15.7%	-80.4%	-113.2%	-95.7%	-63.5%
Return on tangible assets	—	13.6%	-1.5%	-14.9%	12.1%	20.9%	9.41%	-51.6%	-50.3%	-36.1%	-27.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1.57	1.59	1.91	1.53	2.2	2.44	1.63	1	0.66	1.1
Quick ratio	—	1.17	1.13	1.29	1.22	1.79	1.79	0.91	0.7	0.46	0.48
Debt / equity	—	-4.9	-5.01	1.73	0.91	0.3	0.2	0.54	-24	-2.12	1.76
Debt / assets	—	0.72	0.73	0.4	0.28	0.14	0.11	0.16	0.45	0.55	0.54
Net debt / EBITDA	—	3.44	6.65	6.96	-0.16	-0.6	-0.67	-0.28	-1.22	-2.81	-5.35
Interest coverage	1.59	2.87	0.72	0.09	4.4	8.47	10.1	-24.2	-12.1	-3.1	-2.12
Effective tax rate	34.7%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	9.16	10.9	12.2	13.5	10.8	12.7	11	8	6.32	5.55	6.17
EPS (basic)	0.11	0.49	-0.08	-0.89	0.72	1.42	0.75	-2.31	-2.65	-1.34	-1.34
EPS (diluted)	0.11	0.49	-0.08	-0.89	0.7	1.31	0.72	-2.31	-2.65	-1.34	-3.54
Book value per share	—	-0.9	-1.04	2.02	2.47	4.24	5.4	2.22	-0.12	-1.25	1.54
FCF per share	0.73	0.86	-0.9	-0.02	2.02	0.75	-0.46	-1.02	-0.96	-0.77	-0.72
Cash per share	—	0.37	0.22	0.98	2.43	2.24	1.79	0.68	1.24	0.38	1.65
Capex per share	0.09	0.17	0.28	0.15	0.13	0.24	0.17	0.18	0.23	0.02	0.04

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.03%	1.54%	2.31%	1.12%	1.22%	1.86%	1.54%	2.2%	3.61%	0.28%	0.7%
Capex / operating cash flow	29.1%	29%	-58.2%	25.1%	8.26%	18.6%	207%	-15.8%	-16.9%	-1.46%	-3.83%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	$77.4M	$59.5M	$43M	$40.2M	$42.3M	$45.9M	$43.7M	$94.8M	$39.4M	$43M	$43.5M	$44.6M
YoY change	+25.1%	-14.1%	-47%	-52.4%	-45.3%	-22.8%	+1.58%	+135.7%	-14.3%	-1.67%	-54.1%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	7.4M	4.4M	19.3M	62.5M	59.3M	48.2M	18.7M	34.9M	11.1M
Receivables	52.3M	60.2M	58.8M	57.7M	69.5M	89.8M	58.4M	43.8M	43.7M
Inventory	21.9M	30.7M	41.7M	34M	33.8M	57.1M	68.1M	42M	27.5M
Total current assets	85.6M	105.6M	129.3M	165.1M	180.6M	213M	155.4M	136.5M	90.7M
Property, plant & equipment	5.2M	8M	15.2M	12.6M	16.4M	15.3M	20.8M	10.7M	9.1M
Goodwill & intangibles	49.4M	41M	54.1M	52.4M	53M	54.9M	59M	25.7M	30.5M
Total assets	121.6M	142.1M	172.5M	205.8M	232.3M	269.5M	209.1M	173.7M	137.1M
Accounts payable	18.5M	23.7M	25.2M	30.9M	28.2M	31.3M	19.1M	16.5M	17.8M
Short-term debt	3.9M	8.8M	9.5M	29.2M	2.5M	3.2M	4.7M	68.9M	67.2M
Total current liabilities	54.6M	66.3M	67.9M	107.6M	82.1M	87.2M	95.5M	135.9M	137.4M
Long-term debt	83.4M	94.2M	59.5M	28.3M	31.1M	26.6M	28.5M	8.9M	8.8M
Total liabilities	139.4M	162.6M	132.6M	142.4M	120.1M	124.1M	148M	177M	173.1M
Shareholders' equity	-17.8M	-20.6M	39.9M	63.4M	112.1M	145.4M	61.1M	-3.2M	-35.9M
Total debt	87.4M	103M	68.9M	57.5M	33.6M	29.8M	33.2M	77.8M	76M
Net debt	80M	98.6M	49.6M	-5M	-25.7M	-18.4M	14.5M	42.9M	65M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	38.7M	32M	27.5M	18.7M	38.7M	42.6M	46.5M	34.9M	15.8M	9.7M	11.1M	5.9M
Receivables	98.7M	86.8M	60.4M	63.9M	58.2M	56.7M	57.3M	43.8M	36.8M	42.7M	43.7M	49.6M
Inventory	68.3M	82.3M	79.8M	66.9M	55.6M	50M	43M	42M	33.9M	30.9M	27.5M	25.9M
Total current assets	223.7M	218.3M	187.2M	162.6M	171.8M	172.2M	171.2M	136.5M	103M	97.5M	90.7M	94.2M
Property, plant & equipment	16.2M	16.2M	15.6M	20.8M	21.1M	21.9M	20.7M	10.7M	10M	10M	9.1M	8.5M
Goodwill & intangibles	55.9M	57.5M	59.4M	59M	58.7M	59.5M	59.6M	25.7M	28.2M	29.5M	30.5M	30.4M
Total assets	283.1M	280.3M	245.9M	217.9M	223.6M	225.1M	222.6M	173.7M	148.7M	147.3M	137.1M	138.4M
Accounts payable	29.5M	30.1M	24.8M	19.1M	15.8M	17M	19.6M	16.5M	11.7M	14.8M	17.8M	20.7M
Short-term debt	3.2M	3.2M	3.2M	3.2M	2.5M	3.2M	67.6M	68.9M	66.3M	66.4M	67.2M	66.4M
Total current liabilities	93.8M	89.1M	78.8M	96.3M	87.3M	89.3M	156.1M	135.9M	131.6M	137.7M	137.4M	141.9M
Long-term debt	26.6M	26.2M	25.4M	28.5M	67.7M	72.7M	9.3M	8.9M	8.4M	9M	8.8M	8.5M
Total liabilities	130.5M	126.2M	115.6M	136.9M	166.8M	174.1M	179M	177M	169.5M	175.6M	173.1M	177.1M
Shareholders' equity	152.5M	154.1M	130.2M	80.9M	56.8M	51M	43.6M	-3.2M	-20.8M	-28.3M	-35.9M	-38.6M
Total debt	29.7M	29.4M	28.6M	31.7M	70.2M	75.9M	76.9M	77.8M	74.8M	75.4M	76M	74.9M
Net debt	-9M	-2.6M	1M	13M	31.5M	33.3M	30.4M	42.9M	59M	65.6M	65M	69.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.9M	9.8M	-1.5M	-17.6M	18.6M	37.4M	20.2M	-74.1M	-74.5M	-38.5M
Depreciation & amortization	8.4M	8.9M	9M	6.4M	7.3M	7M	7.6M	9M	9.7M	4.6M
Stock-based compensation	—	0	0	17.7M	3.4M	7.7M	10.7M	11.6M	9.8M	6.4M
Change in working capital	-4.6M	-5.7M	-15.6M	-3.2M	11.9M	-13.4M	-31.3M	9.7M	15.2M	-3.3M
Operating cash flow	6.4M	11.5M	-9.6M	11.9M	41.2M	33.6M	2.2M	-30.7M	-37.8M	-30.1M
Capital expenditure	-1.9M	-3.3M	-5.6M	-3M	-3.4M	-6.3M	-4.6M	-4.8M	-6.4M	-440K
Investing cash flow	-1.9M	-3.3M	-5.6M	-7.7M	-3.7M	-6.3M	-4.6M	-4.8M	-6.4M	-440K
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-5.5M	-44.3M	25.1M	10M	-10M	-27.8M	-3M	-3.4M	42.3M	-1.4M
Net change in cash	-910K	-36.1M	9.9M	14.3M	27.5M	-438K	-5.3M	-39M	-1.9M	-32M
Free cash flow	14.5M	17.1M	-17.9M	-393K	51.8M	19.8M	-12.3M	-28.2M	-26.9M	-22.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	-2.6M	—	-52.9M	-26.4M	-9.1M	—	-29.2M	—	14.9M	-32.6M	-8.9M	-3.4M
Depreciation & amortization	2.2M	—	2.4M	2.5M	2.6M	—	1.8M	—	-1M	3.5M	1.1M	1.1M
Stock-based compensation	3.1M	—	2.8M	2.6M	2.6M	—	2.2M	—	-2.1M	5M	1.4M	1.3M
Change in working capital	-3.9M	-5.2M	6.1M	3.8M	-971K	4.4M	-5.1M	-3.5M	-5.6M	-7.7M	4.5M	-3.4M
Operating cash flow	-2.9M	-5.2M	-33M	-13.1M	-5.1M	4.4M	-32.6M	-3.5M	4M	-29.6M	-1.3M	-4.4M
Capital expenditure	-667K	—	-1.2M	-1.8M	-2.3M	—	-192K	—	452K	-619K	-56K	-69K
Investing cash flow	-667K	—	-1.2M	-1.8M	-2.3M	—	-192K	—	452K	-619K	-56K	-69K
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-942K	—	-826K	38.7M	5M	—	-3K	—	656K	-1.3M	-17K	-13K
Net change in cash	-4.5M	-5.2M	-35.1M	23.8M	-2.5M	4.4M	-32.8M	-3.5M	5.2M	-31.6M	-1.3M	-4.5M
Free cash flow	-7M	—	-8.6M	-18.7M	-1.8M	—	-11.7M	—	6.2M	-23.2M	1.4M	-5.2M

Cambium Networks Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement