FY2025 · ended Dec 27, 2025 · Revenue $188.63M, +28.2% YoY · Filed Mar 19, 2026
Netlist Inc (NLST) files with the SEC under industry code 3674, Semiconductors & Related Devices. In fiscal 2025, which ended Dec 27, 2025, it reported revenue of $188.6 million and a net loss of $24.8 million. Free cash flow was -$14.8 million. As of Jun 27, 2026 it held $30.7 million in cash and investments and $1.3 million in total debt.
Revenue (TTM)
$332.69M
+129.2% vs year-ago TTM
Net income (TTM)
$789,000
+102.1% vs year-ago TTM
Operating cash flow (TTM)
$-15.52M
+48.8% vs year-ago TTM
Free cash flow (TTM)
$-15.58M
+48.6% vs year-ago TTM
EPS (TTM)
$0.00
+101.7% vs year-ago TTM
Dividend per share
None
Shares outstanding
316.52M
+15.5% vs prior year
Net cash
$29.36M
as of Jun 27, 2026
Operating margin
0.1%
FY 2026
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- NLST (OTC)
- Fiscal year ends
- January 2
- Incorporated in
- DE
- Headquarters
- Irvine, CA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1282631
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 27, 2025 |
FY 2024 Dec 28, 2024 |
FY 2023 Dec 30, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Jan 1, 2022 |
|---|---|---|---|---|---|
| Revenue | $188.6M | $147.1M | $69.2M | $161.6M | $142.4M |
| Operating income | -$25.5M | -$55.2M | -$61.8M | -$33.5M | $11.4M |
| Net income | -$24.8M | -$53.9M | -$60.4M | -$33.4M | $4.8M |
| Diluted EPS | -$0.09 | -$0.21 | -$0.25 | -$0.14 | $0.02 |
| Operating cash flow | -$14.7M | -$34.6M | -$41.6M | -$15.0M | $6.0M |
| Free cash flow | -$14.8M | -$34.7M | — | -$15.5M | $5.5M |
| Total assets | $49.5M | $41.8M | $72.8M | $67.3M | $91.2M |
| Total liabilities | $54.7M | $47.9M | $49.0M | $40.1M | $37.1M |
| Stockholders' equity | -$5.2M | -$6.0M | $23.8M | $27.2M | $54.0M |
| Cash and investments | $31.8M | $22.5M | $40.4M | $25.0M | $47.7M |
| Total debt | $645,000 | $1.3M | $1.9M | $2.5M | $2.0M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Unregistered share sale, Other events
|
Oct 6, 2026 | Oct 5, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Sep 21, 2026 | Sep 18, 2026 |
| 10-Q | Quarterly report | Aug 11, 2026 | Jun 27, 2026 |
| 8-K |
Current report
Material agreement, Unregistered share sale, Other events
|
Aug 5, 2026 | Aug 4, 2026 |
| ARS | Annual report to shareholders | Jul 31, 2026 | Dec 27, 2025 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
All 762 Netlist Inc SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.