NEGG
Newegg CommerceBDocument history
Earnings documents stored for NEGG.
Investor releaseQuarter not tagged2026-08-27Newegg Announces Second Quarter 2026 Results
Business Wire
Newegg Announces Second Quarter 2026 Results
DIAMOND BAR, Calif., August 27, 2026--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the three months ended June 30, 2026. Newegg Chief Executive Officer Anthony Chow announced, "Our second quarter continued to play out against a challenging macroeconomic environment, with significant memory and flash supply constraints and industry-wide pricing pressure that we flagged last quarter continuing to weigh on top-line performance. Even in this environment, our early procurement of constrained categories continued to pay off this quarter. We maintained availability, captured bundling opportunities across our core PC categories, and saw continued strength in AI-related products. The quarter was also a milestone period for our brand and community initiatives as we celebrate Newegg’s 25th anniversary, highlighted by our largest-ever presence at COMPUTEX 2026, the debut of Newegg Simulator Builder, and our 12th annual FantasTech Sale, which grew 11% year-over-year. "We also advanced our AI strategy this quarter, launching a new conversational AI shopping experience on Newegg.com that helps customers reason through specs, trade-offs, and budget in real time. Combined with our continued use of AI to drive internal productivity and efficiency, we are making progress on both fronts of our AI roadmap. As we move through the back half of 2026, we remain focused on navigating near-term supply dynamics while continuing to build share in our core categories, expanding our reach across additional customer channels, and delivering long-term value to our customers, partners, and shareholders." Newegg Interim Chief Financial Officer Christina Ching commented, "Persistent inflation in the second quarter kept consumers cautious with discretionary technology spending. Coupled with higher prices and limited availability amid the industry-wide memory and storage shortage, consumers pulled back on purchase volume. However, demand from our business and wholesale customers strengthened during the quarter, partially offsetting softer consumer volume and underscoring the resilience of our diversified channel mix. As a result, Q2 2026 GMV slightly declined 3.9% year-over-year to $403.2 million — a reflection of market conditions rather than customer engagement, as our active customer base and repeat purchas…Read full documentShow less
DIAMOND BAR, Calif., August 27, 2026--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the three months ended June 30, 2026. Newegg Chief Executive Officer Anthony Chow announced, "Our second quarter continued to play out against a challenging macroeconomic environment, with significant memory and flash supply constraints and industry-wide pricing pressure that we flagged last quarter continuing to weigh on top-line performance. Even in this environment, our early procurement of constrained categories continued to pay off this quarter. We maintained availability, captured bundling opportunities across our core PC categories, and saw continued strength in AI-related products. The quarter was also a milestone period for our brand and community initiatives as we celebrate Newegg’s 25th anniversary, highlighted by our largest-ever presence at COMPUTEX 2026, the debut of Newegg Simulator Builder, and our 12th annual FantasTech Sale, which grew 11% year-over-year. "We also advanced our AI strategy this quarter, launching a new conversational AI shopping experience on Newegg.com that helps customers reason through specs, trade-offs, and budget in real time. Combined with our continued use of AI to drive internal productivity and efficiency, we are making progress on both fronts of our AI roadmap. As we move through the back half of 2026, we remain focused on navigating near-term supply dynamics while continuing to build share in our core categories, expanding our reach across additional customer channels, and delivering long-term value to our customers, partners, and shareholders." Newegg Interim Chief Financial Officer Christina Ching commented, "Persistent inflation in the second quarter kept consumers cautious with discretionary technology spending. Coupled with higher prices and limited availability amid the industry-wide memory and storage shortage, consumers pulled back on purchase volume. However, demand from our business and wholesale customers strengthened during the quarter, partially offsetting softer consumer volume and underscoring the resilience of our diversified channel mix. As a result, Q2 2026 GMV slightly declined 3.9% year-over-year to $403.2 million — a reflection of market conditions rather than customer engagement, as our active customer base and repeat purchase rate held steady. Against this backdrop, our priority was protecting margins and profitability. Despite the top-line headwinds, our disciplined pricing, inventory management, and continued cost control drove Q2 2026 net income to $2.2 million, up from a net loss of $1.7 million a year ago. With this positive momentum, we intend to renew and expand our existing credit agreements, which have been extended for a period of ninety days from August 27, 2026 through November 25, 2026, to facilitate the renewal process. Supported by our available credit capacity and a strong balance sheet, we have the flexibility to navigate ongoing supply constraints. As we move through the second half, we remain focused on defending margins, deepening customer engagement, and delivering long-term value." Second Quarter 2026 Financial Highlights Net sales decreased 8.1% to $320.4 million for the three months ended June 30, 2026, compared to $348.5 million for the three months ended June 30, 2025. GMV decreased 3.9% to $403.2 million for the three months ended June 30, 2026, compared to $419.6 million for the three months ended June 30, 2025. Gross profit decreased 1.0% to $39.7 million for the three months ended June 30, 2026, compared to $40.1 million for the three months ended June 30, 2025. Net income was $2.2 million for the three months ended June 30, 2026, compared to $1.7 million net loss for the three months ended June 30, 2025. Adjusted EBITDA decreased to $3.7 million for the three months ended June 30, 2026, compared to $5.9 million for the three months ended June 30, 2025. Second Quarter 2026 Operational Metrics Average order value was $401 (excluding gift cards) for the three months ended June 30, 2026, compared to $506 (excluding gift cards) for same period in prior year. Active customers, defined as unique customer IDs with at least one item purchased on Newegg platforms in the past three months, totaled approximately 0.55 million as of June 30, 2026, a slight increase from 0.54 million for the same period in the prior year. Repeat purchase rate, which is the percentage of active customers who made at least two purchases on Newegg platforms during the past three months, was 22.5% as of June 30, 2026, compared to 22.6% for the same period in the prior year. About Newegg Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in Diamond Bar, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com. Follow Newegg on X, TikTok, Instagram, Facebook, YouTube, Twitch, and Discord. Non-GAAP Financial Information This press release presents certain "non-GAAP" financial measures. The components of these non-GAAP measures are computed by using amounts that are determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). A reconciliation of non-GAAP financial measures used in this press release to their nearest comparable GAAP financial measures is included in the schedules attached hereto. GMV The Company defines gross merchandise value, or GMV, as the total dollar value of products sold on its websites and third-party marketplace platforms, directly to customers and by its Marketplace sellers through Newegg Marketplace, net of returns, discounts, taxes, and cancellations. GMV also includes the services fees charged through its Newegg Partner Services ("NPS") in rendering services for its third-party logistics ("3PL"), shipped-by-Newegg ("SBN"), and media ad services, as well as the sales made by its Asia subsidiaries. Adjusted EBITDA Newegg calculates Adjusted EBITDA as net income/loss, excluding stock-based compensation expense, depreciation and amortization expense, interest income, net, income tax (benefit) provision, gain/loss from warrants liabilities, gain/loss from fixed assets disposal, and gain/loss from sales of investment. Newegg believes that exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis and excludes items that it does not consider to be indicative of its core operating performance. Accordingly, Newegg believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of Newegg’s results as reported under GAAP. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not reflect changes in, or cash requirements for, the working capital needs; Adjusted EBITDA does not consider the potentially dilutive impact of stock-based compensation; Adjusted EBITDA does not reflect tax payments that may represent reduction in cash available to Newegg; and other companies, including companies in our industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure. Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, operating profit and Newegg’s other GAAP results. Cautionary Statement Concerning Forward-Looking Statements This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. Words such as "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and variations of such words or similar expressions are intended to identify such forward-looking statements. In addition, any statements other than statements of historical fact are forward-looking statements. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company’s SEC filings are available at http://www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20260827960316/en/ Contacts Newegg Commerce, Inc.: Investor [email protected]
Investor releaseQuarter not tagged2026-05-28Newegg Announces First Quarter 2026 Results
Business Wire
Newegg Announces First Quarter 2026 Results
DIAMOND BAR, Calif., May 28, 2026--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the three months ended March 31, 2026. Newegg Chief Executive Officer Anthony Chow announced, "Our first quarter played out against a backdrop of significant memory supply constraints and industry-wide pricing pressure. In this environment, we placed greater emphasis on pricing discipline and margin management. While this contributed to year-over-year declines on the top line, it supported improvement across our key profitability metrics, including gross profit, net income, and adjusted EBITDA. Our disciplined inventory positioning, including early procurement of constrained categories, has continued to serve us well, allowing us to maintain availability and capture bundling opportunities across our core PC categories. We also made meaningful progress on our community and brand initiatives, including the public opening of Newegg Gamer Zone, partnerships with vendors, schools, and universities, and an expanded presence in competitive gaming. The expansion of our Trade-In Program to include desktop memory further extends our commitment to builders and the enthusiast community. "As we move through 2026, and celebrate Newegg’s 25th anniversary, we are continuing to advance our AI strategy on two fronts: working with leading AI platform partners to deliver more conversational and consultative shopping experiences for our customers, and leveraging AI across our internal operations to drive productivity and efficiency. The foundation we have laid across multiple strategic initiatives positions Newegg to execute on our priorities through the remainder of 2026 and continue delivering long-term value to our customers, partners, and shareholders." Newegg Interim Chief Financial Officer Christina Ching added, "We are pleased with Newegg’s continued progress on profitability in Q1 2026 — adjusted EBITDA improved to $10.0 million from $5.4 million in Q1 2025, and net income reached $7.8 million compared to a net loss of $2.5 million a year ago, reflecting the benefits of our cost discipline and strategic inventory management. GMV of $377.5 million declined 12.1% year-over-year, driven by the absence of major new product launches this year and a macro environment that has made consumers more cautious with dis…Read full documentShow less
DIAMOND BAR, Calif., May 28, 2026--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the three months ended March 31, 2026. Newegg Chief Executive Officer Anthony Chow announced, "Our first quarter played out against a backdrop of significant memory supply constraints and industry-wide pricing pressure. In this environment, we placed greater emphasis on pricing discipline and margin management. While this contributed to year-over-year declines on the top line, it supported improvement across our key profitability metrics, including gross profit, net income, and adjusted EBITDA. Our disciplined inventory positioning, including early procurement of constrained categories, has continued to serve us well, allowing us to maintain availability and capture bundling opportunities across our core PC categories. We also made meaningful progress on our community and brand initiatives, including the public opening of Newegg Gamer Zone, partnerships with vendors, schools, and universities, and an expanded presence in competitive gaming. The expansion of our Trade-In Program to include desktop memory further extends our commitment to builders and the enthusiast community. "As we move through 2026, and celebrate Newegg’s 25th anniversary, we are continuing to advance our AI strategy on two fronts: working with leading AI platform partners to deliver more conversational and consultative shopping experiences for our customers, and leveraging AI across our internal operations to drive productivity and efficiency. The foundation we have laid across multiple strategic initiatives positions Newegg to execute on our priorities through the remainder of 2026 and continue delivering long-term value to our customers, partners, and shareholders." Newegg Interim Chief Financial Officer Christina Ching added, "We are pleased with Newegg’s continued progress on profitability in Q1 2026 — adjusted EBITDA improved to $10.0 million from $5.4 million in Q1 2025, and net income reached $7.8 million compared to a net loss of $2.5 million a year ago, reflecting the benefits of our cost discipline and strategic inventory management. GMV of $377.5 million declined 12.1% year-over-year, driven by the absence of major new product launches this year and a macro environment that has made consumers more cautious with discretionary technology spending. We have observed consumers becoming increasingly price-sensitive, shifting toward value-oriented products in discretionary categories such as graphics cards, CPUs, and motherboards, while enterprise buyers have shown strong momentum and continued investing in premium AI-capable hardware, providing a meaningful offset. The industrywide shortage has driven memory and storage component prices significantly higher, which has elevated average selling prices and further pressured unit volumes. Our proactive inventory management, built on the foundation we established in 2025, has allowed us to maintain strong product availability through the shortage, providing a competitive advantage and supporting margin expansion. Our balance sheet remains strong, with minimal debt and substantial available credit capacity, providing the financial flexibility to capitalize on inventory opportunities as market conditions evolve. Our priorities for the remainder of 2026 are clear: protect margins through disciplined inventory management, capture the growing enterprise demand for AI hardware, and deliver value to consumers." First Quarter 2026 Financial Highlights Net sales decreased 11.8% to $306.2 million for the three months ended March 31, 2026, compared to $347.2 million for the three months ended March 31, 2025. GMV decreased 12.1% to $377.5 million for the three months ended March 31, 2026, compared to $429.5 million for the three months ended March 31, 2025. Gross profit increased 10.3% to $43.7 million for the three months ended March 31, 2026, compared to $39.7 million for the three months ended March 31, 2025. Net income was $7.8 million for the three months ended March 31, 2026, compared to $2.5 million net loss for the three months ended March 31, 2025. Adjusted EBITDA increased to $10.0 million for the three months ended March 31, 2026, compared to $5.4 million for the three months ended March 31, 2025. First Quarter 2026 Operational Metrics Average order value was $470 for the three months ended March 31, 2026, compared to $439 for same period in prior year. Active customers, defined as unique customer IDs with at least one item purchased on Newegg platforms in the past three months, totaled approximately 0.57 million as of March 31, 2026, a decrease from 0.67 million for the same period in the prior year. Repeat purchase rate, which is the percentage of active customers who made at least two purchases on Newegg platforms during the past three months, was 17.59% as of March 31, 2026, compared to 22.12% for the same period in the prior year. About Newegg Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in the Diamond Bar, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com. Follow Newegg on X, TikTok, Instagram, Facebook, YouTube, Twitch, and Discord. Non-GAAP Financial Information This press release presents certain "non-GAAP" financial measures. The components of these non-GAAP measures are computed by using amounts that are determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). A reconciliation of non-GAAP financial measures used in this press release to their nearest comparable GAAP financial measures is included in the schedules attached hereto. GMV The Company defines gross merchandise value, or GMV, as the total dollar value of products sold on its websites and third-party marketplace platforms, directly to customers and by its Marketplace sellers through Newegg Marketplace, net of returns, discounts, taxes, and cancellations. GMV also includes the services fees charged through its Newegg Partner Services ("NPS") in rendering services for its third-party logistics ("3PL"), shipped-by-Newegg ("SBN"), and media ad services, as well as the sales made by its Asia subsidiaries. Adjusted EBITDA Newegg calculates Adjusted EBITDA as net income/loss, excluding stock-based compensation expense, depreciation and amortization expense, interest income, net, income tax (benefit) provision, gain/loss from warrants liabilities, gain/loss from fixed assets disposal, and gain/loss from sales of investment. Newegg believes that exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis and excludes items that it does not consider to be indicative of its core operating performance. Accordingly, Newegg believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of Newegg’s results as reported under GAAP. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not reflect changes in, or cash requirements for, the working capital needs; Adjusted EBITDA does not consider the potentially dilutive impact of stock-based compensation; Adjusted EBITDA does not reflect tax payments that may represent reduction in cash available to Newegg; and other companies, including companies in our industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure. Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, operating profit and Newegg’s other GAAP results. Cautionary Statement Concerning Forward-Looking Statements This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. Words such as "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and variations of such words or similar expressions are intended to identify such forward-looking statements. In addition, any statements other than statements of historical fact are forward-looking statements. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company’s SEC filings are available at http://www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528994980/en/ Contacts Newegg Commerce, Inc.: Investor [email protected]
Investor releaseQuarter not tagged2026-04-28Newegg Announces Fiscal Year 2025 Results
Business Wire
Newegg Announces Fiscal Year 2025 Results
DIAMOND BAR, Calif., April 28, 2026--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the fiscal year ended December 31, 2025. Newegg Chief Executive Officer Anthony Chow announced, "2025 was a year of strong execution and meaningful growth for Newegg. We achieved double-digit year-over-year GMV growth, driven by robust demand for next-generation PC components and continued scaling across both our direct and marketplace businesses. Performance during the year was supported by strong product cycles, including the launches of NVIDIA GeForce 50 Series GPUs and AMD Radeon 9000 Series GPUs, as well as the success of our inaugural month-long Black Friday doorbuster campaign, which drove sustained customer engagement throughout the holiday season. Importantly, our proactive inventory planning in response to tariff uncertainty and anticipated memory supply constraints enabled us to maintain competitive pricing, secure supply continuity, and expand bundling opportunities, strengthening our position in core PC categories. During the year we also continued investing in long-term brand development initiatives focused on gaming and the enthusiast community, including the expansion of Newegg Gamer Zone and our Gamer Community forum. These initiatives support our broader vision of strengthening customer affinity and reinforcing Newegg’s role as a destination for builders, gamers, and technology enthusiasts. As we enter 2026, we are preparing for the next technological paradigm of agentic AI commerce and are working with leading AI platform partners to integrate intelligent capabilities across the customer journey, creating more seamless and personalized shopping experiences. We are also celebrating Newegg’s 25th anniversary with a year-long series of promotional initiatives building on the success of our 2025 campaigns. By combining our strength in high-performance hardware with a forward-looking AI strategy, we believe we are well positioned to further expand market share in key categories while continuing to deliver long-term value to our customers, partners, and shareholders." Newegg Interim Chief Financial Officer Christina Ching noted, "We are pleased to report Newegg’s strong year-over-year growth in 2025, driven by solid demand for PC components, including increased interest in AI com…Read full documentShow less
DIAMOND BAR, Calif., April 28, 2026--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the fiscal year ended December 31, 2025. Newegg Chief Executive Officer Anthony Chow announced, "2025 was a year of strong execution and meaningful growth for Newegg. We achieved double-digit year-over-year GMV growth, driven by robust demand for next-generation PC components and continued scaling across both our direct and marketplace businesses. Performance during the year was supported by strong product cycles, including the launches of NVIDIA GeForce 50 Series GPUs and AMD Radeon 9000 Series GPUs, as well as the success of our inaugural month-long Black Friday doorbuster campaign, which drove sustained customer engagement throughout the holiday season. Importantly, our proactive inventory planning in response to tariff uncertainty and anticipated memory supply constraints enabled us to maintain competitive pricing, secure supply continuity, and expand bundling opportunities, strengthening our position in core PC categories. During the year we also continued investing in long-term brand development initiatives focused on gaming and the enthusiast community, including the expansion of Newegg Gamer Zone and our Gamer Community forum. These initiatives support our broader vision of strengthening customer affinity and reinforcing Newegg’s role as a destination for builders, gamers, and technology enthusiasts. As we enter 2026, we are preparing for the next technological paradigm of agentic AI commerce and are working with leading AI platform partners to integrate intelligent capabilities across the customer journey, creating more seamless and personalized shopping experiences. We are also celebrating Newegg’s 25th anniversary with a year-long series of promotional initiatives building on the success of our 2025 campaigns. By combining our strength in high-performance hardware with a forward-looking AI strategy, we believe we are well positioned to further expand market share in key categories while continuing to deliver long-term value to our customers, partners, and shareholders." Newegg Interim Chief Financial Officer Christina Ching noted, "We are pleased to report Newegg’s strong year-over-year growth in 2025, driven by solid demand for PC components, including increased interest in AI computing hardware alongside new GPU and CPU launches. GMV rose 15.4% year-over-year to $1.77 billion in 2025, with net sales increasing by 16.9%. Supported by cost control measures and real estate consolidation efforts, adjusted EBITDA improved significantly to $24.8 million in 2025, compared to a $9.5 million loss in 2024. Throughout the year, our strategic inventory management enabled us to adapt effectively to changing market conditions and improve margins. We secured inventory allocations to support multiple new product launches and help mitigate potential tariff-related impacts. In addition, our inventory position provided a competitive advantage amid industry-wide memory shortages, allowing us to maintain product availability and support margin expansion. We remain committed to disciplined execution, prudent working capital management, and operational flexibility as we deal with ongoing macroeconomic uncertainties and supply constraints across the market." 2025 Fiscal Year Financial Highlights Net sales increased to $1.44 billion, compared to net sales of $1.24 billion in fiscal year 2024 GMV increased to $1.77 billion, compared to GMV of $1.53 billion in fiscal year 2024 Gross profit increased to $168.5 million, compared to gross profit of $131.5 million in fiscal year 2024 Net loss decreased to $4.9 million, compared to net loss of $43.3 million in fiscal year 2024 Adjusted EBITDA was $24.8 million, compared to Adjusted EBITDA of ($9.5) million in fiscal year 2024 2025 Fiscal Year Operational Metrics Average order value was $448 for the year ended December 31, 2025, compared to $396 for the prior year. Active customers, defined as unique customer IDs with at least one item purchased on Newegg platforms in the past 12 months, totaled approximately 2.2 million as of December 31, 2025, an increase from 2.1 million the prior year. Repeat purchase rate, the percentage of active customers who made at least two purchases on Newegg platforms during the past 12 months, was 26.9% as of December 31, 2025, compared to 26.0% for the prior year. 2026 Fiscal Year Guidance The Company currently expects to achieve the following financial performance for the upcoming year ending December 31, 2026: Net sales to be between $1.23 billion and $1.47 billion. GMV to be between $1.50 billion and $1.79 billion. Gross profit to be between $144.0 million and $170.9 million. Net income to be between $6.1 million and $15.7 million. Adjusted EBITDA to be between $10.0 million and $19.6 million. The Company anticipates filing its annual report on Form 20-F for the fiscal year ended December 31, 2025, on April 28, 2026. About Newegg Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in the Diamond Bar, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com. Follow Newegg on X, TikTok, Instagram, Facebook, YouTube, Twitch and Discord. Non-GAAP Financial Information This press release presents certain "non-GAAP" financial measures. The components of these non-GAAP measures are computed by using amounts that are determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). A reconciliation of non-GAAP financial measures used in this press release to their nearest comparable GAAP financial measures is included in the schedules attached hereto. GMV The Company defines gross merchandise value, or GMV, as the total dollar value of products sold on its websites and third-party marketplace platforms, directly to customers and by its Marketplace sellers through Newegg Marketplace, net of returns, discounts, taxes, and cancellations. GMV also includes the services fees charged through its Newegg Partner Services ("NPS") in rendering services for its third-party logistics ("3PL"), shipped-by-Newegg ("SBN"), staffing and media ad services, as well as the sales made by its Asia subsidiaries. Adjusted EBITDA Newegg calculates Adjusted EBITDA as net income/loss, excluding stock-based compensation expense, depreciation and amortization expense, interest income, net, income tax (benefit) provision, gain/loss from warrants liabilities, gain/loss from fixed assets disposal, and gain/loss from sales of investment. Newegg believes that exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis and excludes items that it does not consider to be indicative of its core operating performance. Accordingly, Newegg believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of Newegg’s results as reported under GAAP. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not reflect changes in, or cash requirements for, the working capital needs; Adjusted EBITDA does not consider the potentially dilutive impact of stock-based compensation; Adjusted EBITDA does not reflect tax payments that may represent reduction in cash available to Newegg; and other companies, including companies in our industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure. Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, operating profit and Newegg’s other GAAP results. Cautionary Statement Concerning Forward-Looking Statements This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance, including those relating to market share positioning and the filing date of Newegg’s annual report on Form 20-F for the fiscal year ended December 31, 2025. Words such as "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and variations of such words or similar expressions are intended to identify such forward-looking statements. In addition, any statements other than statements of historical fact are forward-looking statements. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company’s SEC filings are available at http://www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20260428027442/en/ Contacts Newegg Commerce, Inc.: Investor Relations [email protected]
Investor releaseQuarter not tagged2025-08-26Newegg Unveils the Gamer Zone: A State-of-the-Art Gaming Arena at Company Headquarters During Intel Gamer Days
Business Wire
Newegg Unveils the Gamer Zone: A State-of-the-Art Gaming Arena at Company Headquarters During Intel Gamer Days
DIAMOND BAR, Calif., August 26, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG) (the "Company"), a global leader in e-commerce for computer and technology products, today announced the grand opening of the Newegg Gamer Zone, a 2,300-square-foot, cutting-edge gaming arena located at Newegg’s headquarters in Diamond Bar, California. The Gamer Zone was built for gamers, by gamers. It is a destination where gamers, streamers, creators, builders, and innovators can experience the latest in gaming technology, from high-powered PC rigs to VR, racing simulators, and immersive gaming pods. The Newegg Gamer Zone features: PC Gaming Stations powered by ABS prebuilt PCs with Intel® Core™ Ultra 7 265KF processors and NVIDIA GeForce RTX 5070 GPUs. Immersive Stations including the $25,000 Cooler Master ORB X semi-enclosed gaming cockpit. VR Mixed Reality Zone with a Virtuix Omni One VR treadmill, allowing full movement such as walking, crouching, and jumping, while seamlessly integrated with green screens and cameras for live streaming. Racing Simulators from Fanatec and Thermaltake with full cockpit setups, single and triple monitor setups, pedals, steering wheels, and quick-release systems. Console Gaming Stations with the latest hardware including Nintendo Switch 2, PlayStation 5 Pro, Xbox Series X, and Meta Quest 3 VR. Streaming and Broadcast Stations equipped with Cooler Master MasterHUB, BirdDog 4K cameras, Elgato Stream Deck XL, RØDE/DJI microphones, and webcams enabling creators to broadcast directly from any station. Peripherals from industry leaders ASUS, MSI, Corsair, Cougar, ASRock, Fractal Design and more, ensuring plenty of options for professional-grade keyboards, headsets, mice, gaming desks, gaming chairs, and monitors. Networking Infrastructure powered by Netgear and managed enterprise-class switches for seamless, low-latency gameplay and streaming. In total, the Gamer Zone showcases over $200,000 in state-of-the-art hardware and technology, establishing a premier destination for gaming innovation. "We’ve been eager to bring our gamer culture to our local community and partners," said Cindy Lam, Marketing Program Manager at Newegg. She continued, "The Gamer Zone was built with our core PC gamers in mind at every step, creating a space that truly reflects our passion and showcases the best of gaming." A Community Hub for Innovation The Gamer Zo…Read full documentShow less
DIAMOND BAR, Calif., August 26, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG) (the "Company"), a global leader in e-commerce for computer and technology products, today announced the grand opening of the Newegg Gamer Zone, a 2,300-square-foot, cutting-edge gaming arena located at Newegg’s headquarters in Diamond Bar, California. The Gamer Zone was built for gamers, by gamers. It is a destination where gamers, streamers, creators, builders, and innovators can experience the latest in gaming technology, from high-powered PC rigs to VR, racing simulators, and immersive gaming pods. The Newegg Gamer Zone features: PC Gaming Stations powered by ABS prebuilt PCs with Intel® Core™ Ultra 7 265KF processors and NVIDIA GeForce RTX 5070 GPUs. Immersive Stations including the $25,000 Cooler Master ORB X semi-enclosed gaming cockpit. VR Mixed Reality Zone with a Virtuix Omni One VR treadmill, allowing full movement such as walking, crouching, and jumping, while seamlessly integrated with green screens and cameras for live streaming. Racing Simulators from Fanatec and Thermaltake with full cockpit setups, single and triple monitor setups, pedals, steering wheels, and quick-release systems. Console Gaming Stations with the latest hardware including Nintendo Switch 2, PlayStation 5 Pro, Xbox Series X, and Meta Quest 3 VR. Streaming and Broadcast Stations equipped with Cooler Master MasterHUB, BirdDog 4K cameras, Elgato Stream Deck XL, RØDE/DJI microphones, and webcams enabling creators to broadcast directly from any station. Peripherals from industry leaders ASUS, MSI, Corsair, Cougar, ASRock, Fractal Design and more, ensuring plenty of options for professional-grade keyboards, headsets, mice, gaming desks, gaming chairs, and monitors. Networking Infrastructure powered by Netgear and managed enterprise-class switches for seamless, low-latency gameplay and streaming. In total, the Gamer Zone showcases over $200,000 in state-of-the-art hardware and technology, establishing a premier destination for gaming innovation. "We’ve been eager to bring our gamer culture to our local community and partners," said Cindy Lam, Marketing Program Manager at Newegg. She continued, "The Gamer Zone was built with our core PC gamers in mind at every step, creating a space that truly reflects our passion and showcases the best of gaming." A Community Hub for Innovation The Gamer Zone was created with a mission to bring people together through the power of technology. As a company deeply rooted in the DIY and gaming communities, Newegg designed this space to be more than a showcase, it’s a hub for connection, creativity, and learning. The Gamer Zone will serve as a venue for: Showcasing the latest PC and gaming technologies Hosting community and student programs, tech workshops, and tournaments Empowering local creators and streamers with access to professional-grade setups Collaborating with businesses and institutions on special events Grand Opening Event The grand opening will be held Tuesday, August 26, 2025, as a private event to celebrate Intel Gamer Days, featuring Newegg partners, creators, influencers, city officials, and members of the local community. Following the launch, the Gamer Zone will be open for Newegg-led events and private community gatherings. Come celebrate Intel Gamer Days with us. From Aug. 25 to Sep 14, we will have promotions and bundles on qualifying Intel products you can find here. Newegg Gamer Zone Featured Products Newegg Gamer Community Earlier this month, Newegg launched the Newegg Gamer Community, a global digital platform where gamers, creators, and PC enthusiasts connect, share builds, and explore the latest in gaming culture. With the opening of the Newegg Gamer Zone, we’re extending that mission into the real world, creating a physical space that augments the online community and reinforces our commitment to supporting gamers everywhere. Together, the Gamer Community and Gamer Zone form a unified ecosystem for learning, collaboration, and celebration of PC culture. About Newegg Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in Diamond Bar, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250826870736/en/ Contacts Andrew Choi Newegg Commerce Inc. [email protected]
Investor releaseQuarter not tagged2025-08-22Newegg Announces First Half 2025 Results
Business Wire
Newegg Announces First Half 2025 Results
DIAMOND BAR, Calif., August 22, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG) (the "Company" or "Newegg"), a leading global technology e-commerce retailer, today announced results for the six months ended June 30, 2025. "Newegg experienced strong year-over-year growth in the first half of 2025, driven primarily by increased demand for GPUs and other core PC components, including the highly successful launch of the NVIDIA GeForce RTX 50 Series and AMD Radeon RX 9000 Series graphics cards, and AMD Ryzen 9000X3D Series CPUs," said Newegg Chief Executive Officer Anthony Chow. "These new product launches further boosted organic traffic and spurred robust cross-category purchasing, driving both topline growth and improved gross margins. We also benefited from pull-forward spending due to tariff uncertainty while simultaneously minimizing tariff impact on supply chain and customer experience through close collaboration with our key partners and suppliers. I am pleased with our results, and we will continue to be agile and opportunistic throughout the remainder of the year as we aim to deliver a superior experience for our loyal Newegg customers." Newegg Interim Chief Financial Officer Christina Ching added, "In the first half of 2025, Newegg demonstrated significant growth driven by robust sales of PC components, particularly boosted by positive momentum from the new GPU and CPU product launches. This strong consumer demand led to a 14% year-over-year increase in GMV and a 13% rise in net sales. Along with SG&A expense reductions following various strategic cost optimization measures throughout 2024 and 2025, our adjusted EBITDA improved substantially to $11.3 million for the six months ended June 30, 2025, up from a $7.3 million loss for the same period in 2024. We have also maintained focus on our cash balance and working capital. We also recently launched an ‘at the market’ (ATM) offering program, which we intend to use for general corporate purposes and working capital. As we move forward, our focus remains on maximizing market opportunities while navigating the ongoing tariff environment and other macroeconomic factors." 2025 First Half Financial Highlights Net sales increased 12.6% to $695.7 million for the six months ended June 30, 2025, compared to $618.1 million for the six months ended June 30, 2024. GMV (defined below) increased 13.7% to $8…Read full documentShow less
DIAMOND BAR, Calif., August 22, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG) (the "Company" or "Newegg"), a leading global technology e-commerce retailer, today announced results for the six months ended June 30, 2025. "Newegg experienced strong year-over-year growth in the first half of 2025, driven primarily by increased demand for GPUs and other core PC components, including the highly successful launch of the NVIDIA GeForce RTX 50 Series and AMD Radeon RX 9000 Series graphics cards, and AMD Ryzen 9000X3D Series CPUs," said Newegg Chief Executive Officer Anthony Chow. "These new product launches further boosted organic traffic and spurred robust cross-category purchasing, driving both topline growth and improved gross margins. We also benefited from pull-forward spending due to tariff uncertainty while simultaneously minimizing tariff impact on supply chain and customer experience through close collaboration with our key partners and suppliers. I am pleased with our results, and we will continue to be agile and opportunistic throughout the remainder of the year as we aim to deliver a superior experience for our loyal Newegg customers." Newegg Interim Chief Financial Officer Christina Ching added, "In the first half of 2025, Newegg demonstrated significant growth driven by robust sales of PC components, particularly boosted by positive momentum from the new GPU and CPU product launches. This strong consumer demand led to a 14% year-over-year increase in GMV and a 13% rise in net sales. Along with SG&A expense reductions following various strategic cost optimization measures throughout 2024 and 2025, our adjusted EBITDA improved substantially to $11.3 million for the six months ended June 30, 2025, up from a $7.3 million loss for the same period in 2024. We have also maintained focus on our cash balance and working capital. We also recently launched an ‘at the market’ (ATM) offering program, which we intend to use for general corporate purposes and working capital. As we move forward, our focus remains on maximizing market opportunities while navigating the ongoing tariff environment and other macroeconomic factors." 2025 First Half Financial Highlights Net sales increased 12.6% to $695.7 million for the six months ended June 30, 2025, compared to $618.1 million for the six months ended June 30, 2024. GMV (defined below) increased 13.7% to $849.1 million for the six months ended June 30, 2025, compared to $746.7 million for the six months ended June 30, 2024. Gross profit increased 26.5% to $79.8 million for the six months ended June 30, 2025, compared to $63.1 million for the six months ended June 30, 2024. Net loss was $4.2 million for the six months ended June 30, 2025, compared to $25.0 million for the six months ended June 30, 2024. Adjusted EBITDA (defined below) was $11.3 million for the six months ended June 30, 2025, an increase of $18.6 million, compared to negative $7.3 million for the six months ended June 30, 2024. 2025 First Half Operational Metrics Average order value was $467 for the six months ended June 30, 2025, compared to $401 for same period in the prior year. Active customers, defined as unique customer IDs with at least one item purchased on Newegg platforms in the past six months, totaled approximately 1.13 million as of June 30, 2025, compared to 1.09 million for the same period in the prior year. Repeat purchase rate, which is the percentage of active customers who made at least two purchases on Newegg platforms during the past six months, was 25.2% as of June 30, 2025, compared to 23.0% for the same period in the prior year. Mr. Chow added, "We are excited for several launches in the second half, including the expansion of our ABS line of PCs to high-performance workstations and tower servers, powered by industry-leading NVIDIA RTX PRO 6000 Blackwell graphic cards, helping businesses to explore and advance generative, agentic and physical AI. We will also be debuting our Gamer Community and Gamer Zone, which underscore our commitment to growing and supporting the gaming ecosystem, giving back to the very community that has fueled our success. We remain energized by our momentum, steadfast in optimizing our supply chain strategies to minimize any macroeconomic impacts, and confident in what lies ahead." About Newegg Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in Diamond Bar, California, near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com. Follow Newegg on X, TikTok, Instagram, Facebook, YouTube, Twitch, and Discord. Non-GAAP Financial Information This press release presents certain "non-GAAP" financial measures. The components of these non-GAAP measures are computed by using amounts that are determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). A reconciliation of non-GAAP financial measures used in this press release to their nearest comparable GAAP financial measures is included in the schedules attached hereto. GMV The Company defines gross merchandise value, or GMV, as the total dollar value of products sold on its websites and third-party marketplace platforms, directly to customers and by its Marketplace sellers through Newegg Marketplace, net of returns, discounts, taxes, and cancellations. GMV also includes the services fees charged through its Newegg Partner Services in rendering services for its third-party logistics, shipped-by-Newegg, and media ad services, as well as the sales made by its Asia subsidiaries. Newegg believes that GMV helps it assess and analyze changes in revenues, and if reviewed in conjunction with net sales and other GAAP financial measures, can provide more information in evaluating its current performance and in assessing its future performance. Adjusted EBITDA Newegg calculates Adjusted EBITDA as net income/loss, excluding stock-based compensation expense, interest income, net, income tax (benefit) provision, depreciation and amortization expense, gain/loss from sales of fixed assets, gain/loss from sales of investment, and gain/loss from warrants liabilities. Newegg believes that exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis and excludes items that it does not consider to be indicative of its core operating performance. Accordingly, Newegg believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of Newegg’s results as reported under GAAP. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not reflect changes in, or cash requirements for, working capital needs; Adjusted EBITDA does not consider the potentially dilutive impact of stock-based compensation; Adjusted EBITDA does not reflect tax payments that may represent a reduction in cash available to Newegg; and other companies, including companies in our industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure. Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, operating profit and Newegg’s other GAAP results. Cautionary Statement Concerning Forward-Looking Statements This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, beliefs or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "plans," "believes," "should," "continue," "intend," "aim" and certain other statements about the future may be deemed forward-looking statements, including those regarding potential new product launches, the ability of new product launches to meet consumer needs, the Company’s ability to navigate ongoing tariff uncertainty. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable at the time given, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. These risks and uncertainties include changes in global economic and geopolitical conditions, fluctuations in customer demand and spending, inflation, interest rates and global supply chain constraints. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company’s SEC filings are available at http://www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20250821632667/en/ Contacts Newegg Commerce, Inc.: Investor Relations [email protected]
Investor releaseQuarter not tagged2025-04-28Newegg Announces Fiscal Year 2024 Results
Business Wire
Newegg Announces Fiscal Year 2024 Results
DIAMOND BAR, Calif., April 28, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the fiscal year ended December 31, 2024. Newegg Chief Executive Officer Anthony Chow announced, "2024 was a year defined by operational discipline and strategic focus. Throughout the year, we executed a broad range of SG&A reduction initiatives, including warehouse consolidation, subleasing unused property, and aligning our workforce to match business needs. These actions improved our bottom line, strengthened our foundation, and we believe position us for future growth. Notably, we closed the year with a strong fourth-quarter performance. Sales momentum accelerated, driven by a month-long Black Friday campaign that delivered impressive results, highlighting the effectiveness of our promotional strategy and our ability to drive engagement and conversion in a highly competitive environment. Through the first quarter of 2025, we have continued to experience positive momentum from new product launches, including the launch of NVIDIA GeForce 50 Series GPUs, AMD Radeon 9000 Series GPUs, and the latest high-end AMD Ryzen CPUs, resulting in double digit GMV growth in direct and marketplace sales on a year-over-year basis. We are also exploring new opportunities in the business-to-business software as a service space, expanding our offerings beyond traditional e-commerce and placing greater emphasis on high-growth categories such as gaming notebooks and desktops, which are experiencing a notable surge in demand. Additionally, while we’ve benefited from a pull forward in sales due to tariff warnings, we are actively monitoring the impact to sales on a post-tariff basis and are working closely with our partners to optimize under current conditions. As we move forward, we are focused on expanding our presence in the AI PC and high-performance PC segments, while forming new strategic partnerships to unlock the next phase of innovation and customer value." Newegg Chief Accounting Officer Christina Ching noted, "We are pleased to report significant progress following the implementation of various cost optimization measures throughout 2023 and 2024, including our real estate consolidation efforts. These actions have resulted in a notable reduction in SG&A expenses, which is reflected in our improved Adjuste…Read full documentShow less
DIAMOND BAR, Calif., April 28, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the fiscal year ended December 31, 2024. Newegg Chief Executive Officer Anthony Chow announced, "2024 was a year defined by operational discipline and strategic focus. Throughout the year, we executed a broad range of SG&A reduction initiatives, including warehouse consolidation, subleasing unused property, and aligning our workforce to match business needs. These actions improved our bottom line, strengthened our foundation, and we believe position us for future growth. Notably, we closed the year with a strong fourth-quarter performance. Sales momentum accelerated, driven by a month-long Black Friday campaign that delivered impressive results, highlighting the effectiveness of our promotional strategy and our ability to drive engagement and conversion in a highly competitive environment. Through the first quarter of 2025, we have continued to experience positive momentum from new product launches, including the launch of NVIDIA GeForce 50 Series GPUs, AMD Radeon 9000 Series GPUs, and the latest high-end AMD Ryzen CPUs, resulting in double digit GMV growth in direct and marketplace sales on a year-over-year basis. We are also exploring new opportunities in the business-to-business software as a service space, expanding our offerings beyond traditional e-commerce and placing greater emphasis on high-growth categories such as gaming notebooks and desktops, which are experiencing a notable surge in demand. Additionally, while we’ve benefited from a pull forward in sales due to tariff warnings, we are actively monitoring the impact to sales on a post-tariff basis and are working closely with our partners to optimize under current conditions. As we move forward, we are focused on expanding our presence in the AI PC and high-performance PC segments, while forming new strategic partnerships to unlock the next phase of innovation and customer value." Newegg Chief Accounting Officer Christina Ching noted, "We are pleased to report significant progress following the implementation of various cost optimization measures throughout 2023 and 2024, including our real estate consolidation efforts. These actions have resulted in a notable reduction in SG&A expenses, which is reflected in our improved Adjusted EBITDA. We have also maintained a strong focus on efficient inventory management, leading to a decrease in inventory from $136.2 million as of December 31, 2023 to $98.5 million as of December 31, 2024. This reduction was largely driven by a strong sales surge during the Black Friday and Christmas holiday sales periods. We have already seen the increased demand that began with the holiday season carry over into the first quarter of 2025, driven by several new product launches. This increase in sales, combined with our SG&A reduction efforts, has begun to result in positive profitability momentum, with our Adjusted EBITDA notably moving to the positive in Q1 2025. However, a key challenge for the remainder of 2025 will be the impact of tariff policy on consumer confidence and purchasing behavior. As a result of this uncertainty, we are not prepared to deliver full year 2025 guidance at this time. As of December 31, 2024, our $50 million credit facility remained fully undrawn. Additionally, we effected a twenty-to-one share combination on April 7, 2025 in order to regain compliance with Nasdaq’s minimum bid price requirement, which we achieved on April 22, 2025." 2024 Fiscal Year Financial Highlights Net sales decreased to $1.24 billion, compared to net sales of $1.50 billion in fiscal year 2023. GMV decreased to $1.53 billion, compared to GMV of $1.81 billion in fiscal year 2023. Gross profit decreased to $131.5 million, compared to gross profit of $167.6 million in fiscal year 2023. Net loss decreased to $43.3 million, compared to net loss of $59.0 million in fiscal year 2023. Adjusted EBITDA was ($9.5) million, compared to Adjusted EBITDA of $(21.3) million in fiscal year 2023. 2024 Fiscal Year Operational Metrics Average order value was $396 for the year ended December 31, 2024, compared to $379 for the prior year. Active customers, defined as unique customer IDs with at least one item purchased on Newegg platforms in the past 12 months, totaled approximately 2.1 million as of December 31, 2024, a decrease from 2.5 million the prior year. Repeat purchase rate, the percentage of active customers who made at least two purchases on Newegg platforms during the past 12 months, was 26.0% as of December 31, 2024, compared to 29.2% for the prior year. The Company anticipates filing its annual report on Form 20-F for the fiscal year ended December 31, 2024, on April 28, 2025. About Newegg Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in Diamond Bar, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com. Follow Newegg on X, TikTok, Instagram, Facebook, YouTube, Twitch and Discord. Non-GAAP Financial Information This press release presents certain "non-GAAP" financial measures. The components of these non-GAAP measures are computed by using amounts that are determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). A reconciliation of non-GAAP financial measures used in this press release to their nearest comparable GAAP financial measures is included in the schedules attached hereto. GMV The Company defines gross merchandise value, or GMV, as the total dollar value of products sold on its websites and third-party marketplace platforms, directly to customers and by its Marketplace sellers through Newegg Marketplace, net of returns, discounts, taxes, and cancellations. GMV also includes the services fees charged through its Newegg Partner Services ("NPS") in rendering services for its third-party logistics ("3PL"), shipped-by-Newegg ("SBN"), staffing and media ad services, as well as the sales made by its Asia subsidiaries. Adjusted EBITDA Newegg calculates Adjusted EBITDA as net income/loss, excluding stock-based compensation expense, depreciation and amortization expense, interest income, net, income tax (benefit) provision, gain/loss from warrant liabilities, gain/loss from fixed assets disposal, and gain/loss from sales of investment. Newegg believes that exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis and excludes items that it does not consider to be indicative of its core operating performance. Accordingly, Newegg believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of Newegg’s results as reported under GAAP. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not reflect changes in, or cash requirements for, the working capital needs; Adjusted EBITDA does not consider the potentially dilutive impact of stock-based compensation; Adjusted EBITDA does not reflect tax payments that may represent reduction in cash available to Newegg; and other companies, including companies in our industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure. Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, operating profit and Newegg’s other GAAP results. Cautionary Statement Concerning Forward-Looking Statements This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance, including those relating to future impacts of tariff policy on consumer confidence and purchasing behavior, and the filing date of Newegg’s annual report on Form 20-F for the fiscal year ended December 31, 2024. Words such as "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and variations of such words or similar expressions are intended to identify such forward-looking statements. In addition, any statements other than statements of historical fact are forward-looking statements. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company’s SEC filings are available at http://www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20250428182487/en/ Contacts Newegg Commerce, Inc.: Investor Relations [email protected]
Investor releaseQuarter not tagged2025-03-25Newegg Kicks Off Biggest Sale of the Quarter
Business Wire
Newegg Kicks Off Biggest Sale of the Quarter
DIAMOND BAR, Calif., March 25, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a global leader in e-commerce for technology products, today launched its biggest promotion of the quarter: the Super Spring Sale. Starting now, customers can enjoy massive savings on hundreds of deals across gaming desktops, laptops, storage, surveillance, software, home appliances, and more. Shop the sale here. "We’re kicking off the season with our biggest savings of 2025 so far," said Katie Lau, Director of Corporate Marketing at Newegg. "We’ve already seen several major product launches this year, and the Super Spring Sale is a great opportunity for customers to get the parts and gear they’ve been waiting for to complete their setups. We’re excited to make it easier for them with deep discounts and a smooth shopping experience." Key Details Sales Dates: March 25 – 31, 2025 Categories: Computer hardware, monitors and peripherals, gaming desktops, gaming notebooks, laptops, storage, home & smart appliances, surveillance, software, server components, networking, and more Featured Deals Highlighted offers Monster Hunter Wilds - PC [Steam Online Game Code] for $57.99 AIRROBO T20+ Robot Vacuum and Mop -Auto-Empty - 60-Day Capacity for $199.99 eufy Security S380 HomeBase Security Center, No Monthly Fee for $99.99 PLAUD NOTE AI Voice Recorder with Magnetic Case for $128.10 Bitdefender Total Security 2025 - 10 Devices / 2 Years - Download for $32.99 Combo Savings Combo: AMD Ryzen 5 5500 CPU + ASRock B450M/AC R2.0 + Cooler Master Thermal Paste for $129.59 Combo: Intel Core Ultra 7 265K CPU + ASRock Z890 Pro-A Motherboard for $441.98 Storage Crucial T700 1TB GEN5 NVME M.2 SSD w/ Heatsink for $117.99 SAMSUNG SSD 990 PRO 4TB - Read Speeds Up to 7,450MB/s for $279.99 WD Red Plus 8TB NAS Hard Drive for $149.99 Synology 4-Bay NAS DiskStation DS923+ for $509.99 WD Elements 20TB USB 3.0 Desktop External Hard Drive for $279.99 Seagate Exos 16TB Enterprise HDD 7200 RPM for $269.99 Gaming PCs ABS Cyclone Aqua Gaming PC - i5-14400F - RTX 4060 - 32GB DDR5 6000 - 1TB NVMe SSD for $899.99 Skytech Shadow Gaming PC - i5 12400F - RTX 4060 - 1TB NVMe SSD - 16GB DDR5 6000 for $849.99 Laptops MSI - 15.6" GeForce RTX 4060 Laptop GPU - AMD Ryzen 9 8945HS - 16GB - 1 TB PCIe SSD for $929.99 Acer Swift Edge 16.0" OLED Laptop Ryzen 7 7840U AMD Radeon 780M 16GB RAM 1TB for $699.99 Peripherals Logitec…Read full documentShow less
DIAMOND BAR, Calif., March 25, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG), a global leader in e-commerce for technology products, today launched its biggest promotion of the quarter: the Super Spring Sale. Starting now, customers can enjoy massive savings on hundreds of deals across gaming desktops, laptops, storage, surveillance, software, home appliances, and more. Shop the sale here. "We’re kicking off the season with our biggest savings of 2025 so far," said Katie Lau, Director of Corporate Marketing at Newegg. "We’ve already seen several major product launches this year, and the Super Spring Sale is a great opportunity for customers to get the parts and gear they’ve been waiting for to complete their setups. We’re excited to make it easier for them with deep discounts and a smooth shopping experience." Key Details Sales Dates: March 25 – 31, 2025 Categories: Computer hardware, monitors and peripherals, gaming desktops, gaming notebooks, laptops, storage, home & smart appliances, surveillance, software, server components, networking, and more Featured Deals Highlighted offers Monster Hunter Wilds - PC [Steam Online Game Code] for $57.99 AIRROBO T20+ Robot Vacuum and Mop -Auto-Empty - 60-Day Capacity for $199.99 eufy Security S380 HomeBase Security Center, No Monthly Fee for $99.99 PLAUD NOTE AI Voice Recorder with Magnetic Case for $128.10 Bitdefender Total Security 2025 - 10 Devices / 2 Years - Download for $32.99 Combo Savings Combo: AMD Ryzen 5 5500 CPU + ASRock B450M/AC R2.0 + Cooler Master Thermal Paste for $129.59 Combo: Intel Core Ultra 7 265K CPU + ASRock Z890 Pro-A Motherboard for $441.98 Storage Crucial T700 1TB GEN5 NVME M.2 SSD w/ Heatsink for $117.99 SAMSUNG SSD 990 PRO 4TB - Read Speeds Up to 7,450MB/s for $279.99 WD Red Plus 8TB NAS Hard Drive for $149.99 Synology 4-Bay NAS DiskStation DS923+ for $509.99 WD Elements 20TB USB 3.0 Desktop External Hard Drive for $279.99 Seagate Exos 16TB Enterprise HDD 7200 RPM for $269.99 Gaming PCs ABS Cyclone Aqua Gaming PC - i5-14400F - RTX 4060 - 32GB DDR5 6000 - 1TB NVMe SSD for $899.99 Skytech Shadow Gaming PC - i5 12400F - RTX 4060 - 1TB NVMe SSD - 16GB DDR5 6000 for $849.99 Laptops MSI - 15.6" GeForce RTX 4060 Laptop GPU - AMD Ryzen 9 8945HS - 16GB - 1 TB PCIe SSD for $929.99 Acer Swift Edge 16.0" OLED Laptop Ryzen 7 7840U AMD Radeon 780M 16GB RAM 1TB for $699.99 Peripherals Logitech C920s HD Pro Webcam for $59.99 MSI 34" 240 Hz OLED Gaming Monitor 3440 x 1440 for $739.99 PC Components CORSAIR Vengeance RGB 64GB (2 x 32GB) DDR5 6400 Memory for $199.99 NZXT Kraken Elite RGB 360mm AIO CPU Liquid Cooler – Customizable LCD Display for $259.99 LIAN LI O11 Dynamic EVO RGB ATX Mid Tower for $159.98 ASUS TUF GAMING X870-PLUS WIFI motherboard for $229.99 CORSAIR RM850x ATX 3.1 Power Supply for $134.99 Bonus Offer for Newegg Store Credit Card Holders Cardholders can earn a $50 statement credit when they make a purchase of $1,000 or more using their Newegg Store Credit Card during the Super Spring Sale (March 25–31, 2025). This is in addition to promotional financing offers on orders of $199 and above. Learn more about the Newegg Store Credit Card here. Disclaimers Prices and availability are subject to change without notice. Products from third-party brands are sold by Newegg but manufactured and warrantied by their respective companies. For the latest updates, visit Newegg.com. * Newegg Store credit card offer is subject to credit approval. In order to qualify for this offer, you must use your Newegg Store Credit Card account to make a qualifying first purchase of $1,000 or more (minus any returns or adjustments during the promotional period) between March 25, 2025 - March 31, 2025 . For accounts that qualify, a $50 statement credit will post to your account within 90 days from end of offer period. Only one $50 statement credit can be earned per account. Account must remain open, be in good standing and not become delinquent at the time the credit is posted to the account. Offer is valid for all Newegg Store Credit Card accounts. Statement credit cannot be used to satisfy the required monthly payment on your Newegg Store Credit Card credit card account and may not be redeemed for cash or cash equivalent. About Newegg Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in Diamond Bar, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com. This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially due to factors beyond Newegg’s control, including but not limited to market conditions, supply chain disruptions, and evolving customer demands. For additional information, please review Newegg’s filings with the U.S. Securities and Exchange Commission. View source version on businesswire.com: https://www.businesswire.com/news/home/20250325987370/en/ Contacts Andrew Choi Newegg Commerce Inc. [email protected]

