Arlo Technologies (ARLO) FY2025 results: revenue $529 million, up 3.6% on the year
Arlo Technologies, Inc. (ARLO) reported revenue of $529 million for fiscal 2025, the year ended 31 December 2025, up 3.6% on the year before. Net income was $15 million, and diluted earnings per share $0.14. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2026.
Revenue
$529 million
+3.6% on the year
FY2018FY2025
Operating margin
1.1%
-6.8% a year earlier
FY2018FY2025
Net income
$15 million
FY2018FY2025
Diluted EPS
$0.14
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 4 new.
Subscriptions revenue reached $89.4M: Subscriptions and services revenue was $89.4 million, up 39.4% year over year and 63.3% of total revenue. The third-quarter figure was $79.9 million.
Paid accounts reached 5.7 million: Cumulative paid accounts were 5.7 million, up from 5.4 million in the third quarter. Paid accounts are any accounts where a subscription or recurring fee was collected by Arlo, directly or through a partner.
Comcast partnership for Xfinity households: Management announced a partnership with Comcast to provide connected home security solutions to Xfinity Internet households in the United States. The release gives no financial terms.
Total gross margin reached 46.4%: Total GAAP gross margin was 46.4% and non-GAAP 47.8%, against 40.5% and 41.4% in the third quarter. Full-year GAAP gross margin was 44.0%, non-GAAP 45.1%.
Adjusted EBITDA rose to $23.3 million: Adjusted EBITDA was $23.3 million, a 16.5% margin, against $17.1 million and 12.2% in the third quarter. Full-year adjusted EBITDA was $74.7 million, a 14.1% margin.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
78.7
51.3
38.3
+53.4%
Capital expenditure
n/a
2.7
2.8
Free cash flow
n/a
48.6
35.5
Free cash flow margin
n/a
9.5%
7.2%
Cash from investing
27.8
10.8
-50.7
+156.0%
Cash from financing
-42.1
-40.8
-15.1
Depreciation and amortisation
3.9
3.2
4.7
+22.8%
Share-based compensation
62.3
68.7
47.9
-9.2%
Buybacks
45.6
4.4
0.0
+931.4%
Diluted shares, weighted
110m
99m
93m
+11.7%
Shares outstanding at period end
105m
101m
95m
+4.1%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
128
101
103
+26.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
6.7
18.4
17.0
-63.3%
Other liabilities
176
179
165
-1.8%
Total liabilities and equity
311
298
286
+4.1%
Fixed assets
13.2
4.8
4.8
+176.1%
Goodwill
11.0
11.0
11.0
0.0%
Intangible assets
0.0
n/a
n/a
Securities held for sale or to maturity
20.0
69.4
80.0
-71.2%
Cash and equivalents
146
82.0
56.5
+78.5%
Receivables
39.7
57.3
65.4
-30.8%
Inventory
41.2
40.6
38.4
+1.4%
Other assets
39.1
33.2
29.5
+17.8%
Total assets
311
298
286
+4.1%
10-K for the year ended 31 December 2025, filed 27 February 2026: the filing.