Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO. According to the company, it has shipped 21.6 million devices, has 5.82 million registered accounts, and has 877,000 paid accounts, as of January 2022.3Wikipedia text CC BY-SA 4.0
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue101112139$529.3M in 2025+43% since 2019Gross profit101112139$232.8M in 2025+550% since 2019Operating income101112139$6.1M in 2025Net income101112139$14.9M in 2025
Revenue1415$155.9M in Q2 FY2026+4% since Q1 FY2026Gross profit1415$75.2M in Q2 FY2026+4% since Q1 FY2026Operating income1415$2.5M in Q2 FY2026−68% since Q1 FY2026Net income1415$3.0M in Q2 FY2026−80% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Total revenue
$529.3M
$510.9M
$491.2M
Total cost of revenue
$296.5M
$323.4M
$323.6M
Gross profit
$232.8M
$187.5M
$167.6M
Research and development
$73.7M
$73.2M
$68.6M
Sales and marketing
$84.8M
$73.7M
$66.1M
General and administrative
$66.1M
$72.1M
$56.4M
Other operating expense
$2.2M
$3.4M
$1.3M
Total operating expenses
$226.8M
$222.4M
$192.5M
Income (loss) from operations
$6.1M
-$34.9M
-$24.9M
Gain on early lease termination
$4.1M
$0
$0
Interest income, net
$5.5M
$5.6M
$3.9M
Other income (expense), net
$0
-$104.0K
$107.0K
Total other income, net
$9.6M
$5.5M
$4.0M
Income (loss) before income taxes
$15.7M
-$29.4M
-$20.9M
Effective income tax rate
$741.0K
$1.1M
$1.2M
Basic (in dollars per share)
$0.14
-$0.31
-$0.24
Diluted (in dollars per share)
$0.14
-$0.31
-$0.24
Basic (in shares)
104.2M shares
98.6M shares
92.8M shares
Diluted (in shares)
110.2M shares
98.6M shares
92.8M shares
Net income (loss)
$14.9M
-$30.5M
-$22.0M
Other comprehensive income (loss), net of tax
-$18.0K
-$286.0K
$427.0K
Total comprehensive income (loss)
$14.9M
-$30.8M
-$21.6M
No quarter-by-quarter statement was filed.
Total assets16101112139$310.5M in 2025−43% since 2019Total liabilities16101112139$182.7M in 2025−46% since 2019Shareholders’ equity1112139$127.8M in 2025−37% since 2019Cash101112139$146.4M in 2025−38% since 2019
Total assets1415$374.6M in Q2 FY2026+21% since Q1 FY2025Total liabilities1415$216.1M in Q2 FY2026+18% since Q1 FY2025Shareholders’ equity1415$158.5M in Q2 FY2026+24% since Q1 FY2025Cash1415$101.4M in Q2 FY2026−31% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$146.4M
$82.0M
$56.5M
Short-term investments
$20.0M
$69.4M
Accounts receivable, net
$39.7M
$57.3M
Inventories
$41.2M
$40.6M
Prepaid expenses and other current assets
$13.2M
$13.2M
Total current assets
$260.5M
$262.6M
Property and equipment, net
$13.2M
$4.8M
Operating lease right-of-use assets, net
$9.2M
$15.7M
Goodwill
$11.0M
$11.0M
Long-term investment
$12.5M
$0
Other non-current assets
$4.2M
$4.3M
Total assets
$310.5M
$298.4M
Accounts payable
$42.8M
$63.8M
Deferred revenue
$37.1M
$27.2M
Accrued liabilities
$92.4M
$85.7M
Total current liabilities
$172.3M
$176.8M
Non-current operating lease liabilities
$6.7M
$18.4M
Other non-current liabilities
$3.6M
$2.4M
Total liabilities
$182.7M
$197.5M
Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding
$0
$0
Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 105,030,947 at December 31, 2025 and 100,885,158 at December 31, 2024
$105.0K
$101.0K
Additional paid-in capital
$510.8M
$498.7M
Accumulated other comprehensive income
$16.0K
$34.0K
Accumulated deficit
-$383.0M
-$398.0M
Total stockholders equity
$127.8M
$100.9M
$103.3M
$87.7M
Total liabilities and stockholders equity
$310.5M
$298.4M
Preferred stock, par value (in dollars per share)
$0.00
$0.00
Preferred stock, authorized (in shares)
50.0M shares
50.0M shares
Preferred stock, issued (in shares)
0 shares
0 shares
Preferred stock, outstanding (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.00
$0.00
Common stock, authorized (in shares)
500.0M shares
500.0M shares
Common stock, issued (in shares)
105.0M shares
100.9M shares
Common stock, outstanding (in shares)
105.0M shares
100.9M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$146.4M
$82.0M
$56.5M
Short-term investments
$20.0M
$69.4M
Accounts receivable, net
$39.7M
$57.3M
Inventories
$41.2M
$40.6M
Prepaid expenses and other current assets
$13.2M
$13.2M
Total current assets
$260.5M
$262.6M
Property and equipment, net
$13.2M
$4.8M
Operating lease right-of-use assets, net
$9.2M
$15.7M
Goodwill
$11.0M
$11.0M
Long-term investment
$12.5M
$0
Other non-current assets
$4.2M
$4.3M
Total assets
$310.5M
$298.4M
Accounts payable
$42.8M
$63.8M
Deferred revenue
$37.1M
$27.2M
Accrued liabilities
$92.4M
$85.7M
Total current liabilities
$172.3M
$176.8M
Non-current operating lease liabilities
$6.7M
$18.4M
Other non-current liabilities
$3.6M
$2.4M
Total liabilities
$182.7M
$197.5M
Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding
$0
$0
Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 105,030,947 at December 31, 2025 and 100,885,158 at December 31, 2024
$105.0K
$101.0K
Additional paid-in capital
$510.8M
$498.7M
Accumulated other comprehensive income
$16.0K
$34.0K
Accumulated deficit
-$383.0M
-$398.0M
Total stockholders equity
$127.8M
$100.9M
$103.3M
$87.7M
Total liabilities and stockholders equity
$310.5M
$298.4M
Preferred stock, par value (in dollars per share)
$0.00
$0.00
Preferred stock, authorized (in shares)
50.0M shares
50.0M shares
Preferred stock, issued (in shares)
0 shares
0 shares
Preferred stock, outstanding (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.00
$0.00
Common stock, authorized (in shares)
500.0M shares
500.0M shares
Common stock, issued (in shares)
105.0M shares
100.9M shares
Common stock, outstanding (in shares)
105.0M shares
100.9M shares
Cash from operations101112139$78.7M in 2025+758% since 2019Capital spending10111213$2.7M in 2024−60% since 2019Free cash flow101112139$48.6M in 2024+1839% since 2019Share buybacks139$45.6M in 2025
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income (loss)
$14.9M
-$30.5M
-$22.0M
Stock-based compensation expense, net of amounts capitalized
$62.3M
$68.7M
$47.9M
Depreciation and amortization
$3.9M
$3.2M
$4.7M
Gain on early lease termination
-$4.1M
$0
$0
Allowance for credit losses and non-cash changes to reserves
$888.0K
$2.1M
$279.0K
Deferred income taxes
-$216.0K
-$13.0K
$112.0K
Discount accretion on investments and other
-$2.7M
-$3.3M
-$2.0M
Accounts receivable, net
$17.7M
$8.2M
$690.0K
Inventories
-$1.4M
-$4.5M
$7.8M
Prepaid expenses and other assets
$318.0K
-$3.6M
-$1.5M
Accounts payable
-$21.1M
$8.3M
$3.7M
Deferred revenue
$11.1M
$9.4M
$6.6M
Accrued and other liabilities
-$2.9M
-$6.7M
-$8.0M
Net cash provided by operating activities
$78.7M
$51.3M
$38.3M
Purchases of property and equipment, including capitalized software
-$11.8M
-$2.7M
-$2.8M
Purchases of short-term investments
-$112.9M
-$205.1M
-$149.9M
Purchase of long-term investment
-$12.5M
$0
$0
Proceeds from maturities of short-term investments
$165.0M
$218.6M
$102.0M
Net cash provided by (used in) investing activities
$27.8M
$10.8M
-$50.7M
Proceeds related to employee benefit plans
$3.5M
$8.4M
$8.5M
Repurchase of common stock
-$45.6M
-$4.4M
$0
Restricted stock unit withholdings
$0
-$44.7M
-$23.6M
Net cash used in financing activities
-$42.1M
-$40.8M
-$15.1M
Net increase (decrease) in cash, cash equivalents, and restricted cash
$64.4M
$21.4M
-$27.5M
Cash paid for income taxes, net
$1.2M
$1.2M
$1.2M
Purchases of property and equipment included in accounts payable and accrued liabilities
$470.0K
$708.0K
$189.0K
Stock-based compensation expense capitalized for software development
Arlo Technologies, Inc. sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Arlo Technologies, Inc.
WASATCH ADVISORS LPFiled SCHEDULE 13G/A on Arlo Technologies, Inc., latest Oct 9, 2026 (2 filings since Nov 12, 2025)
BRANDES INVESTMENT PARTNERS, LPFiled SCHEDULE 13G/A on Arlo Technologies, Inc., latest May 14, 2026 (3 filings since Nov 14, 2024)
VANGUARD GROUP INCFiled SCHEDULE 13G/A on Arlo Technologies, Inc., latest Mar 26, 2026 (5 filings since Feb 9, 2022)
BlackRockFiled SCHEDULE 13G/A on Arlo Technologies, Inc., latest Jul 18, 2025 (7 filings since Jan 26, 2022)
PRIMECAP MANAGEMENT CO/CA/Filed SC 13G/A on Arlo Technologies, Inc., latest Sep 9, 2024 (4 filings since Feb 10, 2022)
Arlo Technologies, Inc.Wilmington, Delaware, United States
ARLO TECHNOLOGIES INTERNATIONAL LIMITED Subsidiary · Cork, Ireland
ARLO TECHNOLOGIES SERVICES INDIA PRIVATE LIMITED Subsidiary · Bangalore, India
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Arlo Technologies, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We are a global company with corporate headquarters located in Carlsbad, California, where we occupy a facility totaling approximately 36,700 square feet under a lease that expires in June 2033. We also lease offices in Milpitas and Irvine, California, which we primarily use for principal research and development (“R&D”), sales and marketing (“S&M”), and general and administrative (“G&A”).
Our international principal R&D, S&M, and G&A facilities are located in leased offices in Cork (Ireland). We also lease facilities in Richmond (Canada) for R&D, as well as in Taipei (Taiwan) for R&D and operations.
The rest of Item 2
In addition, we use third parties to provide warehousing services to us, consisting of facilities in Southern California, Texas, Mexico, Hong Kong, and Australia.
On February 6, 2018, Netgear made the announcement that its board of directors had unanimously approved the separation of its Arlo business from Netgear. During the second quarter of 2018, Netgear's Arlo unit became a holding of Arlo Technologies, Inc. Netgear issued less than 20% of the Arlo common stock in the IPO, allowing it to retain majority control.
The CEO of Arlo is Matthew McRae. McRae joined Netgear in October 2017 when he was hired as senior vice president of strategy.
Arlo makes products such as the Arlo Security Camera, as well as portable and baby monitoring cameras. Arlo cameras are designed to save energy by use of a low-power standby mode.
Manufacturing
Arlo manufacturing is outsourced to Foxconn and Pegatron.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
386 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 35 major events, 213 insider forms, 22 large holders, 96 other. The latest 20:
120 open-market trades by officers, directors and large owners since October 2021: 13 buys and 107 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Arlo Technologies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).17
Risk factors and legal proceedings
The risks Arlo Technologies, Inc. names in Item 1A of its 10-K filed Feb 27, 2026: 58 risks under these headings, as written.17
Risks Related to Our Business
We obtain several key components from limited or sole source suppliers, and if these suppliers fail to satisfy our supply requirements or we are unable to properly manage our supply requirements with our third-party manufacturers, we may lose sales and experience increased component costs.
We depend on a limited number of third-party manufacturers for substantially all of our manufacturing needs. If these third-party manufacturers experience any delay, disruption, or quality control problems in their operations, we could lose or fail to grow our market share and our brand may suffer.
If disruptions in our transportation network occur or our shipping costs substantially increase, we may be unable to sell or timely deliver our products, and our operating expenses could increase.
If we lose the services of key personnel or are unable to attract new qualified personnel, we may not be able to execute our business strategy effectively.
We expect our results of operations to fluctuate on a quarterly and annual basis, which could cause our stock price to decline.
If we fail to continue to introduce or acquire new products or services that achieve broad market acceptance on a timely basis, if our products or services are not adopted as expected, or if we fail to successfully manage the introduction of such products or services, we will not be able to compete effectively and we will be unable to increase or maintain revenue and gross margin.
We may need additional financing to meet our future long-term capital requirements and may be unable to raise sufficient capital on favorable terms or at all.
Some of our competitors have substantially greater resources than we do, and to be competitive we may be required to lower our prices or increase our sales and marketing expenses, which could result in reduced margins and loss of market share.
We have an asset purchase agreement (the “Asset Purchase Agreement”) and supply agreement (the “Supply Agreement”) with Verisure Sàrl (“Verisure”) that gives Verisure exclusive marketing and distribution rights for our products in Europe as well as the ability to sell our products through their direct channel globally. We cannot provide assurance that the arrangement with Verisure will continue to be a successful collaboration.
We are dependent on information technology systems, infrastructure and data. If our information technology systems or data, or those of third parties upon which we rely, are or were compromised, we could experience adverse consequences resulting from such compromise, including but not limited to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm; loss of customers or sales; reduced revenue or profits; increased expenses; significant decline in our stock price; and other adverse consequences.
Our future success depends on our ability to increase sales of our paid subscription services.
The other 47 risks
If the U.S. insurance industry were to change its practice of providing incentives to homeowners for the use of home security services, we could experience a reduction in new subscriber growth or an increase in our subscriber churn.
Interruptions with the cloud-based systems that we use in our operations provided by an affiliate of Amazon, which is also one of our primary competitors, may materially and adversely affect our business, results of operations, and financial condition.
Our current and future products may experience quality problems, including defects or errors, from time to time that can result in adverse publicity, product recalls, litigation, regulatory proceedings, and warranty claims and could lead to significant direct or indirect costs, decreased revenue, and operating margin, and harm to our brand.
We and the third parties with whom we work are subject to stringent and evolving U.S. and foreign laws, regulations, rules, contractual obligations, policies and other obligations related to data privacy and security. Our (or the third parties with whom we work) actual or perceived failure to comply with such obligations could lead to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; loss of customers or sales; and other adverse business consequences.
We rely on a limited number of traditional and online retailers and wholesale distributors for a substantial portion of our sales, and our revenue could decline if they refuse to pay our requested prices or reduce their level of purchases or if there is significant consolidation in our sales channels, which results in fewer sales channels for our products.
We depend on large, recurring purchases from certain significant retailers, distributors, and other channel partners, and a loss, cancellation, or delay in purchases by these channel partners could negatively affect our revenue.
The average selling prices of our products typically decrease rapidly over the sales cycle of the product, which may negatively affect our revenue and gross margin.
We have spent, and expect to continue to spend, significant amounts on advertising and other marketing campaigns, which may not be successful or cost effective.
Introducing new products and services may be difficult and expensive. If we are unable to do so successfully, our brand may be adversely affected and we may not be able to maintain or grow our current revenue and profit levels.
If we fail to enhance our brand, our ability to expand our customer base will be impaired and our operating results may suffer.
The reputation of our services may be damaged, and we may face significant direct or indirect costs, decreased revenue, and operating margins if our services contain significant defects or fail to perform as intended.
We are subject to financial and operating covenants in the Credit Agreement with HSBC and any failure to comply with such covenants, or obtain waivers in the event of non-compliance, could limit our borrowing availability under the Credit Agreement, resulting in our being unable to borrow under the Credit Agreement and materially and adversely impact our liquidity. In addition, our operations may not provide sufficient cash to meet the repayment obligations of debt incurred under the Credit Agreement.
Instability in geographies where we have operations or where we derive amounts of revenue could have a material adverse effect on our business, customers, operations and financial results.
Global geopolitical, economic and business conditions could materially and adversely affect our revenue and results of operations.
We depend substantially on our sales channels, and our failure to maintain and expand our sales channels would result in lower sales and reduced revenue.
If we do not effectively manage our sales channel inventory and product mix, we may incur costs associated with excess inventory, or lose sales from having too few products.
If we are unable to secure and protect our intellectual property rights, our ability to compete could be harmed.
We rely upon third parties for technology that is critical to our products, and if we are unable to continue to use this technology and future technology, our ability to develop, sell, maintain, and support technologically innovative products would be limited.
Our sales and operations in international markets expose us to operational, financial and regulatory risks.
Governmental regulations of imports or exports affecting internet security could affect our revenue.
The current international trade environment and related unfavorable macroeconomic conditions have adversely affected, and may continue to adversely affect, our business.
We are involved in litigation matters in the ordinary course and may in the future become involved in additional litigation, including litigation regarding intellectual property rights, which could be costly and subject us to significant liability.
Our business and operations could be negatively affected if we become subject to stockholder activism, which could cause us to incur significant expense, disrupt our business, result in a proxy contest or litigation, or impact our stock price.
As part of growing our business, we may make acquisitions or engage in other strategic transactions. If we fail to successfully select, execute, or integrate our acquisitions or adequately address and resolve risk associated with acquisitions or other strategic transactions, then our business, results of operations, and financial condition could be materially and adversely affected and our stock price could decline.
The success of our business depends on customers’ continued and unimpeded access to our platform on the internet.
Changes in tax laws or exposure to additional income tax liabilities could affect our future profitability.
We must comply with indirect tax laws in multiple jurisdictions, as well as complex customs duty regimes worldwide. Audits of our compliance with these rules may result in additional liabilities for taxes, duties, interest and penalties related to our international operations which would reduce our profitability.
We are subject to governmental export and import controls, economic sanctions, and anti-corruption laws regulations, that could impair our ability to compete in international markets and subject us to liability if we are not in full compliance with applicable laws.
We are subject to, and must remain in compliance with, numerous laws and governmental regulations concerning the manufacturing, use, distribution, and sale of our products, as well as any such future laws and regulations. Some of our customers also require that we comply with their own unique requirements relating to these matters. Any failure to comply with such laws, regulations, and requirements, and any associated unanticipated costs, could materially and adversely affect our business, results of operations, and financial condition.
Disruption of our manufacturing facilities or other operations or those of our suppliers, or in the operations of our customers, due to climate change, severe weather events, and other natural catastrophic events, could result in cancellation of orders, delays in deliveries or other business activities, or loss of customers and could seriously harm our business.
We are exposed to the credit risk of some of our customers and to credit exposures in certain markets, which could result in material losses.
We are subject to payment processing risk.
If our products are not compatible with some or all leading third-party IoT products and protocols, we could be materially and adversely affected.
The marketability of our products may suffer if wireless telecommunications operators do not deliver acceptable wireless services.
We are exposed to adverse currency exchange rate fluctuations in jurisdictions where we transact in local currency, which could materially and adversely affect our business, results of operations, and financial condition.
Risks Related to Ownership of Our Common Stock
We may change our dividend policy at any time.
Future sales, or the perception of future sales, of our common stock may depress the price of our common stock.
The market price of our common stock could be volatile and is influenced by many factors, some of which are beyond our control. Your investment in our common stock could suffer a decline in value.
Stock repurchases could increase the volatility of the trading price of our common stock and diminish our cash reserves, and we cannot guarantee that any stock repurchase program we implement will enhance long-term stockholder value.
If securities or industry analysts do not publish research or reports about our business, if they adversely change their recommendations regarding our stock, or if our operating results do not meet their expectations, our stock price could decline.
Any impairment of goodwill, other intangible assets, and long-lived assets could negatively impact our results of operations.
Your percentage ownership in Arlo may be diluted in the future.
Certain provisions in our amended and restated certificate of incorporation and amended and restated bylaws and of Delaware law may prevent or delay an acquisition of Arlo, which could decrease the trading price of our common stock.
Our amended and restated certificate of incorporation contains exclusive forum provisions that may discourage lawsuits against us and our directors and officers.
Our Board of Directors has the ability to issue blank check preferred stock, which may discourage or impede acquisition attempts or other transactions.
General Risks
We incur significant costs as a result of operating as a public company, and our management devotes substantial time to complying with public company regulations.
Failure to maintain effective internal control over financial reporting in accordance with Section 404 of the SOX Act could materially and adversely affect our business, results of operations, financial condition, and stock price.
Legal proceedings
We are, and from time to time, we may become involved in disputes, litigation and other legal actions in the ordinary course of business. We are not currently party to any claim or proceedings that, in the opinion of our management, are likely to have a material adverse effect on our financial position. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors. For additional discussion of certain risks associated with legal proceedings, see Item 1A, Risk Factors.
