Cash flow Netlist, Inc.

Stocks

NLST

US64118P1093

Computer Hardware

Market Closed - OTC Markets 01:29:43 05/06/2026 am IST			5-day change	1st Jan Change
3.120 ^USD	+1.30%		-35.63%	+251.00%

02/09	Netlist Shares Sink After Losing Appeal in Patent Case Against Micron	DJ
05/08	Netlist, Inc. - Special Call

91153866203019919735f.FF4Q6-ji4lBTj2lknnxRbgESugDWqM6a6_AnKf2l9lE.XStihYe7pwVl-xNS3DcjIHVB2F-bm5jPop9Mc5XilT85HWKqq5CXCQz_MA

Published financial data: NETLIST, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	14Cr	16Cr	6.92Cr	15Cr	19Cr
Total Revenues	14Cr	16Cr	6.92Cr	15Cr	19Cr
Cost of Goods Sold, Total	9.35Cr	15Cr	6.68Cr	14Cr	18Cr
Gross Profit	4.89Cr	1.19Cr	23.93L	28.84L	1.14Cr
Selling General & Admin Expenses, Total	1.08Cr	1.43Cr	1.24Cr	1.21Cr	1.32Cr
R&D Expenses	72.41L	1.06Cr	91.64L	80.64L	34.96L
Other Operating Expenses, Total	1.8Cr	2.5Cr	2.16Cr	2.02Cr	1.67Cr
Operating Income	3.09Cr	-1.31Cr	-1.92Cr	-1.73Cr	-52.79L
Interest Expense, Total	-6L	-	-	-	-
Interest And Investment Income	-	57T	13L	10.48L	5L
Net Interest Expenses	-6L	57T	13L	10.48L	5L
Other Non Operating Income (Expenses)	43T	74T	60T	3L	2L
EBT, Excl. Unusual Items	3.04Cr	-1.29Cr	-1.78Cr	-1.59Cr	-45.93L
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-1.95Cr	-2.04Cr	-4.26Cr	-3.8Cr	-2.02Cr
Other Unusual Items	6L	-	-	-	-
EBT, Incl. Unusual Items	1.15Cr	-3.34Cr	-6.04Cr	-5.39Cr	-2.48Cr
Income Tax Expense	66.27L	1T	1T	1T	-
Earnings From Continuing Operations	48.31L	-3.34Cr	-6.04Cr	-5.39Cr	-2.48Cr
Net Income to Company	48.31L	-3.34Cr	-6.04Cr	-5.39Cr	-2.48Cr
Net Income - (IS)	48.31L	-3.34Cr	-6.04Cr	-5.39Cr	-2.48Cr
Net Income to Common Incl Extra Items	48.31L	-3.34Cr	-6.04Cr	-5.39Cr	-2.48Cr
Net Income to Common Excl. Extra Items	48.31L	-3.34Cr	-6.04Cr	-5.39Cr	-2.48Cr
Per Share Items
Net EPS - Basic	0.02	-0.14	-0.25	-0.21	-0.09
Basic EPS - Continuing Operations	0.02	-0.14	-0.25	-0.21	-0.09
Basic Weighted Average Shares Outstanding	22Cr	23Cr	24Cr	26Cr	29Cr
Net EPS - Diluted	0.02	-0.14	-0.25	-0.21	-0.09
Diluted EPS - Continuing Operations	0.02	-0.14	-0.25	-0.21	-0.09
Diluted Weighted Average Shares Outstanding	23Cr	23Cr	24Cr	26Cr	29Cr
Normalized Basic EPS	0.09	-0.03	-0.05	-0.04	-0.01
Normalized Diluted EPS	0.08	-0.03	-0.05	-0.04	-0.01
Supplemental Items
EBITDA	3.1Cr	-1.27Cr	-1.88Cr	-1.69Cr	-49.99L
EBITA	3.09Cr	-1.31Cr	-1.92Cr	-1.73Cr	-52.79L
EBIT	3.09Cr	-1.31Cr	-1.92Cr	-1.73Cr	-52.79L
EBITDAR	3.14Cr	-1.2Cr	-1.8Cr	-1.63Cr	-43.84L
Total Revenues (As Reported)	14Cr	16Cr	6.92Cr	-	-
Effective Tax Rate - (Ratio)	57.84	-0	-0	-0	-
Current Domestic Taxes	27T	1T	1T	1T	-
Current Foreign Taxes	66L	-	-	-	-
Total Current Taxes	66.27L	1T	1T	1T	-
Deferred Domestic Taxes	37.95L	88.11L	0	0	0
Deferred Foreign Taxes	15T	17T	0	0	0
Total Deferred Taxes	38.1L	88.28L	0	0	0
Normalized Net Income	1.9Cr	-80.92L	-1.11Cr	-99.41L	-28.71L
Interest on Long-Term Debt	3T	11T	9T	1T	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	72.41L	1.06Cr	91.64L	80.64L	34.96L
Net Rental Expense, Total	4L	8L	8L	7L	6L
Imputed Operating Lease Interest Expense	1L	-	-	-	-
Imputed Operating Lease Depreciation	3L	-	-	-	-
Stock-Based Comp., COGS (Total)	12T	63T	1L	99T	83T
Stock-Based Comp., R&D Exp. (Total)	6L	9L	9L	9L	6L
Stock-Based Comp., SG&A Exp. (Total)	10L	22.48L	33.52L	34.29L	28.03L
Total Stock-Based Compensation	15.8L	32.14L	43.37L	44.36L	34.38L

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	4.77Cr	2.5Cr	4.04Cr	2.25Cr	3.18Cr
Total Cash And Short Term Investments	4.77Cr	2.5Cr	4.04Cr	2.25Cr	3.18Cr
Accounts Receivable, Total	1.27Cr	82.42L	45.62L	16.71L	24.11L
Total Receivables	1.27Cr	82.42L	45.62L	16.71L	24.11L
Inventory	1.57Cr	1.07Cr	1.2Cr	27.44L	33.83L
Prepaid Expenses	11.26L	13.08L	4L	7L	3L
Restricted Cash	1.08Cr	1.86Cr	1.24Cr	1.21Cr	1.03Cr
Total Current Assets	8.8Cr	6.38Cr	6.99Cr	3.98Cr	4.82Cr
Gross Property Plant And Equipment	1.32Cr	1.38Cr	1.27Cr	47.52L	38.43L
Accumulated Depreciation	-1.04Cr	-1.06Cr	-1.03Cr	-31.34L	-30.02L
Net Property Plant And Equipment	28.8L	31.81L	23.6L	16.18L	8L
Other Long-Term Assets, Total	3L	3L	6L	5L	4L
Total Assets	9.12Cr	6.73Cr	7.28Cr	4.18Cr	4.95Cr
Liabilities
Accounts Payable, Total	2.59Cr	2.85Cr	3.98Cr	4.23Cr	2.06Cr
Accrued Expenses, Total	15.98L	35.61L	32.08L	8L	9L
Short-term Borrowings	70L	49.35L	38.44L	12.3L	17.88L
Current Portion of Long-Term Debt	6L	4L	-	-	-
Current Portion of Leases	3L	7L	7L	6L	6L
Unearned Revenue Current, Total	-	-	-	40T	3.06Cr
Other Current Liabilities	-	-	-	20.31L	2L
Total Current Liabilities	3.54Cr	3.81Cr	4.76Cr	4.71Cr	5.46Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	16.34L	18.4L	12.2L	6L	23T
Other Non Current Liabilities	1L	2L	2L	2L	17T
Total Liabilities	3.71Cr	4.01Cr	4.9Cr	4.79Cr	5.47Cr
Common Stock, Total	2L	2L	3L	3L	3L
Additional Paid In Capital	24Cr	25Cr	31Cr	33Cr	36Cr
Retained Earnings	-19Cr	-22Cr	-28Cr	-34Cr	-36Cr
Total Common Equity	5.4Cr	2.72Cr	2.38Cr	-60.48L	-52.03L
Total Equity	5.4Cr	2.72Cr	2.38Cr	-60.48L	-52.03L
Total Liabilities And Equity	9.12Cr	6.73Cr	7.28Cr	4.18Cr	4.95Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23Cr	24Cr	25Cr	27Cr	32Cr
ECS Total Common Shares Outstanding	23Cr	23Cr	25Cr	27Cr	31Cr
Book Value / Share	0.23	0.12	0.09	-0.02	-0.02
Tangible Book Value	5.4Cr	2.72Cr	2.38Cr	-60.48L	-52.03L
Tangible Book Value Per Share	0.23	0.12	0.09	-0.02	-0.02
Total Debt	95.38L	78.84L	57.71L	25.18L	24.33L
Net Debt	-3.81Cr	-1.71Cr	-3.47Cr	-2Cr	-2.93Cr
Debt Equivalent Oper. Leases	33.76L	62.88L	61.76L	52.48L	49.2L
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	42.08L	82.23L	41.33L	4L	2L
Inventories - Work In Process, Total	2L	2L	3L	54T	2L
Inventories - Finished Goods, Total	1.13Cr	22.78L	76.24L	23.11L	30.12L
Machinery, Total	1.04Cr	1.1Cr	1.03Cr	31.56L	31.89L
Full Time Employees	120	100	96	60	66
Part Time Employees	-	-	-	6	6
Accumulated Allowance for Doubtful Accounts (Supple)	3L	1L	68T	41T	33T

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	48.31L	-3.34Cr	-6.04Cr	-5.39Cr	-2.48Cr
Depreciation & Amortization - CF	1L	3L	4L	3L	3L
Depreciation & Amortization, Total	1L	3L	4L	3L	3L
Amortization of Deferred Charges, Total - (CF)	2L	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Stock-Based Compensation (CF)	15.8L	32.14L	43.37L	44.36L	34.38L
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	32T	6L	6L	99T	-70T
Change In Accounts Receivable	-80.47L	44.85L	36.8L	28.91L	-7L
Change In Inventories	-1.25Cr	49.84L	-13.45L	92.87L	-6L
Change In Accounts Payable	2.02Cr	25.81L	1.14Cr	24.76L	-2.17Cr
Change in Unearned Revenues	-	-	-	40T	3.05Cr
Change in Other Net Operating Assets	-4L	21.31L	-2L	-3L	-10.15L
Cash from Operations	60.07L	-1.5Cr	-4.16Cr	-3.46Cr	-1.47Cr
Capital Expenditure	-5L	-5L	-	-71T	-42T
Cash from Investing	-5L	-5L	-	-71T	-42T
Short Term Debt Issued, Total	33.22L	-	-	-	6L
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	33.22L	-	-	-	6L
Short Term Debt Repaid, Total	-	-20.65L	-10.91L	-26.14L	-
Long-Term Debt Repaid, Total	-1.71Cr	-7L	-7L	-6L	-5L
Total Debt Repaid	-1.71Cr	-27.56L	-17.49L	-32.04L	-5L
Issuance of Common Stock	5.14Cr	47.2L	5.26Cr	1.96Cr	2.23Cr
Repurchase of Common Stock	-11.36L	-13.7L	-	-19T	-59T
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	3.65Cr	6L	5.08Cr	1.64Cr	2.23Cr
Net Change in Cash	4.2Cr	-1.49Cr	92.34L	-1.82Cr	74.75L
Supplemental Items
Cash Interest Paid	56T	90T	47T	1L	56T
Cash Income Tax Paid (Refund)	66.01L	1T	1T	1T	-
Levered Free Cash Flow	1.23Cr	9L	1.31Cr	82.49L	82.43L
Unlevered Free Cash Flow	1.25Cr	9L	1.31Cr	82.49L	82.43L
Change In Net Working Capital	80.19L	-60.31L	-2.04Cr	-1.43Cr	-78.66L
Net Debt Issued / Repaid	-1.38Cr	-27.56L	-17.49L	-32.04L	21T

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	33.14	-10.31	-17.11	-18.83	-7.23
Return on Total Capital	47.06	-16.56	-37.09	-83.03	104.74
Return On Equity %	18.79	-82.11	-236.88	-608.27	441.28
Return on Common Equity	18.79	-82.11	-236.88	-608.27	441.28
Margin Analysis
Gross Profit Margin %	34.35	7.36	3.46	1.96	6.06
SG&A Margin	7.57	8.88	17.94	8.22	7.01
EBITDA Margin %	21.78	-7.88	-27.19	-11.51	-2.65
EBITA Margin %	21.69	-8.09	-27.72	-11.74	-2.8
EBIT Margin %	21.69	-8.09	-27.72	-11.74	-2.8
Income From Continuing Operations Margin %	3.39	-20.64	-87.27	-36.62	-13.16
Net Income Margin %	3.39	-20.64	-87.27	-36.62	-13.16
Net Avail. For Common Margin %	3.39	-20.64	-87.27	-36.62	-13.16
Normalized Net Income Margin	13.33	-5.01	-16.1	-6.76	-1.52
Levered Free Cash Flow Margin	8.67	0.58	18.97	5.61	4.37
Unlevered Free Cash Flow Margin	8.76	0.58	18.97	5.61	4.37
Asset Turnover
Asset Turnover	2.44	2.04	0.99	2.57	4.13
Fixed Assets Turnover	89.64	53.34	24.98	73.96	153.42
Receivables Turnover (Average Receivables)	16.36	15.42	10.81	47.2	92.42
Inventory Turnover (Average Inventory)	9.91	11.36	5.88	19.52	57.84
Short Term Liquidity
Current Ratio	2.49	1.68	1.47	0.84	0.88
Quick Ratio	1.71	0.87	0.95	0.51	0.63
Operating Cash Flow to Current Liabilities	0.17	-0.39	-0.87	-0.73	-0.27
Days Sales Outstanding (Average Receivables)	22.25	23.61	33.67	7.71	3.94
Days Outstanding Inventory (Average Inventory)	36.74	32.03	61.88	18.65	6.29
Average Days Payable Outstanding	53.63	68.34	182.38	110.79	64.39
Cash Conversion Cycle (Average Days)	5.37	-12.69	-86.82	-84.43	-54.16
Long Term Solvency
Total Debt/Equity	17.65	28.95	24.29	-41.63	-46.76
Total Debt / Total Capital	15	22.45	19.54	-71.33	-87.83
LT Debt/Equity	3.02	6.76	5.13	-10.65	-0.44
Long-Term Debt / Total Capital	2.57	5.24	4.13	-18.24	-0.83
Total Liabilities / Total Assets	40.73	59.54	67.36	114.46	110.52
EBIT / Interest Expense	54.36	-	-	-	-
EBITDA / Interest Expense	55.33	-	-	-	-
(EBITDA - Capex) / Interest Expense	54.41	-	-	-	-
Total Debt / EBITDA	0.3	-0.66	-0.32	-0.15	-0.55
Net Debt / EBITDA	-1.21	1.43	1.92	1.23	6.69
Total Debt / (EBITDA - Capex)	0.31	-0.63	-0.32	-0.15	-0.55
Net Debt / (EBITDA - Capex)	-1.23	1.38	1.92	1.22	6.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	201.38	13.54	-57.18	112.56	28.23
Gross Profit, 1 Yr. Growth %	626.44	-75.68	-79.88	20.52	296.67
EBITDA, 1 Yr. Growth %	-817.35	-141.09	47.71	-10.05	-70.46
EBITA, 1 Yr. Growth %	-790.92	-142.36	46.69	-9.98	-69.43
EBIT, 1 Yr. Growth %	-790.92	-142.36	46.69	-9.98	-69.43
Earnings From Cont. Operations, 1 Yr. Growth %	-166.47	-790.75	80.99	-10.82	-53.91
Net Income, 1 Yr. Growth %	-166.47	-790.75	80.99	-10.82	-53.91
Normalized Net Income, 1 Yr. Growth %	-719.56	-142.66	37.67	-10.77	-71.12
Diluted EPS Before Extra, 1 Yr. Growth %	-150	-820.77	73.43	-16.23	-58.21
Accounts Receivable, 1 Yr. Growth %	171.94	-35.24	-44.65	-63.37	44.28
Inventory, 1 Yr. Growth %	389.99	-31.81	12.59	-77.19	23.29
Net Property, Plant and Equip., 1 Yr. Growth %	872.97	10.45	-25.81	-31.44	-48.02
Total Assets, 1 Yr. Growth %	260.78	-26.16	8.13	-42.53	18.26
Tangible Book Value, 1 Yr. Growth %	-2.16T	-49.6	-12.77	-125.46	-13.97
Common Equity, 1 Yr. Growth %	-2.16T	-49.6	-12.77	-125.46	-13.97
Cash From Operations, 1 Yr. Growth %	-173.85	-349.63	177.43	-16.86	-57.39
Capital Expenditures, 1 Yr. Growth %	1.11T	-10.19	-	-	-40.85
Levered Free Cash Flow, 1 Yr. Growth %	-291.07	-92.35	1.29T	-37.16	-0.08
Unlevered Free Cash Flow, 1 Yr. Growth %	-296.68	-92.43	1.29T	-37.16	-0.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	133.53	84.99	-30.28	-4.6	65.1
Gross Profit, 2 Yr. CAGR %	336.19	32.92	-77.88	-50.75	118.65
EBITDA, 2 Yr. CAGR %	107.7	71.68	-22.09	15.26	-48.46
EBITA, 2 Yr. CAGR %	104.84	71.07	-21.18	14.91	-47.54
EBIT, 2 Yr. CAGR %	104.84	71.07	-21.18	14.91	-47.54
Earnings From Cont. Operations, 2 Yr. CAGR %	-37.71	114.27	253.58	27.05	-35.89
Net Income, 2 Yr. CAGR %	-37.71	114.27	253.58	27.05	-35.89
Normalized Net Income, 2 Yr. CAGR %	91.14	62.57	-24.11	10.84	-49.24
Diluted EPS Before Extra, 2 Yr. CAGR %	-51.22	89.84	253.55	19.9	-40.84
Accounts Receivable, 2 Yr. CAGR %	86.17	32.71	-40.13	-54.97	-27.3
Inventory, 2 Yr. CAGR %	111.71	82.8	-12.38	-49.33	-46.97
Net Property, Plant and Equip., 2 Yr. CAGR %	51.55	227.82	-9.48	-28.68	-40.3
Total Assets, 2 Yr. CAGR %	102.93	63.22	-10.64	-21.17	-17.56
Tangible Book Value, 2 Yr. CAGR %	154.21	222.42	-33.69	-52.88	-53.2
Common Equity, 2 Yr. CAGR %	154.21	222.42	-33.69	-52.88	-53.2
Cash From Operations, 2 Yr. CAGR %	-27.68	35.78	163.16	51.87	-40.49
Capital Expenditures, 2 Yr. CAGR %	150.3	229.55	-	-61.01	-
Levered Free Cash Flow, 2 Yr. CAGR %	42.31	-61.77	3.14	195.67	-20.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	44.35	-61.42	2.61	195.67	-20.76
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	61.93	83.63	13.58	1.1	5.28
Gross Profit, 3 Yr. CAGR %	176.98	66.64	-29.16	-61.07	-1.28
EBITDA, 3 Yr. CAGR %	62.69	21.02	63.29	-18.27	-26.79
EBITA, 3 Yr. CAGR %	60.6	21.13	62.52	-17.61	-26.1
EBIT, 3 Yr. CAGR %	60.6	21.13	62.52	-17.61	-26.1
Earnings From Cont. Operations, 3 Yr. CAGR %	-34.41	38.9	102.55	123.4	-9.39
Net Income, 3 Yr. CAGR %	-34.41	38.9	102.55	123.4	-9.39
Normalized Net Income, 3 Yr. CAGR %	54.66	15.94	53.81	-19.9	-29.21
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.99	19.7	84.2	118.02	-15.62
Accounts Receivable, 3 Yr. CAGR %	63.4	30.93	-0.85	-49.17	-33.62
Inventory, 3 Yr. CAGR %	74.56	45.13	55.53	-44.05	-31.85
Net Property, Plant and Equip., 3 Yr. CAGR %	117.74	36.38	99.77	-17.49	-35.82
Total Assets, 3 Yr. CAGR %	54.2	44.87	42.29	-22.87	-9.76
Tangible Book Value, 3 Yr. CAGR %	112	48.23	108.53	-51.81	-42.41
Common Equity, 3 Yr. CAGR %	112	48.23	108.53	-51.81	-42.41
Cash From Operations, 3 Yr. CAGR %	-17.16	9.3	72.29	79.23	-0.58
Capital Expenditures, 3 Yr. CAGR %	91.54	77.86	-	-48.51	-55.2
Levered Free Cash Flow, 3 Yr. CAGR %	122.22	-46.3	26.67	-12.56	105.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	115.12	-45.97	27.47	-12.86	105.95
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	61.9	33.36	15.6	41.31	31.91
Gross Profit, 5 Yr. CAGR %	146.34	37.09	0.79	2.33	11.19
EBITDA, 5 Yr. CAGR %	16.42	5.24	21.18	18.69	2.95
EBITA, 5 Yr. CAGR %	15.87	5.2	20.81	18.6	3.39
EBIT, 5 Yr. CAGR %	15.87	5.2	20.81	18.6	3.39
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.53	19.98	28.68	34.03	27.85
Net Income, 5 Yr. CAGR %	-15.53	19.98	28.68	34.03	27.85
Normalized Net Income, 5 Yr. CAGR %	15.18	3.87	16.79	13.87	-1.28
Diluted EPS Before Extra, 5 Yr. CAGR %	-37.45	-6.79	9.35	19.78	16.71
Accounts Receivable, 5 Yr. CAGR %	48.69	22.42	9.36	-14.57	-12.42
Inventory, 5 Yr. CAGR %	37.75	21.09	32.5	-4.73	1.13
Net Property, Plant and Equip., 5 Yr. CAGR %	34.89	47.28	53.27	5.23	23.23
Total Assets, 5 Yr. CAGR %	35.49	29.08	23.97	13.57	14.38
Tangible Book Value, 5 Yr. CAGR %	152.26	38.6	33.17	-6.28	14.71
Common Equity, 5 Yr. CAGR %	152.26	38.6	33.17	-6.28	14.71
Cash From Operations, 5 Yr. CAGR %	-21.99	5.74	31.53	24.67	12.62
Capital Expenditures, 5 Yr. CAGR %	8.49	37.8	-	-3.08	-0.47
Levered Free Cash Flow, 5 Yr. CAGR %	-9.26	-23.59	63.47	6.25	5
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.94	-23	59.99	6.64	5.4