Newegg Commerce, Inc.
- Open
- 13.72
- Day high
- 13.77
- Day low
- 12.81
- Prev close
- 13.93
- Volume
- 57K
- Mkt cap
- $272M
- P/E (TTM)
- 57.3
- EPS (TTM)
- $0.23
- P/B
- 1.6
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$4.7M over the last 3 months (0 open-market buys, 19 sales)
- 🏛Institutions reducing (13F)
Newegg Commerce, Inc. (NEGG) is a Consumer Cyclical company listed on NASDAQ. The stock is down 56% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 19 sales (SEC Form 4).
Newegg Commerce, Inc. (NEGG) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NEGG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 28, 2025 | — | $-0.11 | — | $348M | — |
| Sep 30, 2024 | — | $-0.47 | — | $309M | — |
| Apr 25, 2024 | $-0.02 | $-0.79 | -3837.3% | $456M | -1.2% |
| Mar 30, 2024 | — | $-0.64 | — | $309M | — |
| Dec 22, 2023 | $-1.20 | $-0.77 | +35.6% | $318M | -12.2% |
| Aug 29, 2023 | $-0.03 | $-0.77 | -2479.3% | $362M | +6.7% |
| Apr 27, 2023 | — | $-1.61 | — | $481M | — |
| Dec 1, 2022 | — | $-0.45 | — | $349M | — |
| Aug 30, 2022 | — | $-0.51 | — | $445M | — |
| Apr 29, 2022 | $-0.02 | $0.30 | +1590.0% | $628M | +43.1% |
| Mar 31, 2022 | — | $-0.51 | — | $445M | — |
| Sep 30, 2021 | — | $0.39 | — | $541M | — |
NEGG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 8, 2026 | Ching Christinaofficer: Interim CFO | Option | 131 | $14.72 |
| Jul 8, 2026 | Ching Christinaofficer: Interim CFO | Tax | 48 | $14.72 |
| Jul 2, 2026 | Chen Michaelofficer: Chief Legal Officer | Sell | 67 | $16.38 |
| Jul 2, 2026 | Chen Michaelofficer: Chief Legal Officer | Tax | 38 | $16.38 |
| Jul 2, 2026 | Chen Michaelofficer: Chief Legal Officer | Option | 105 | $16.38 |
| Jun 8, 2026 | Ching Christinaofficer: Interim CFO | Option | 131 | $17.34 |
| Jun 8, 2026 | Ching Christinaofficer: Interim CFO | Tax | 48 | $17.34 |
| Jun 3, 2026 | CHANG FRED FACHINGdirector, 10 percent owner: | Sell | 2,583 | $17.58 |
| Jun 3, 2026 | CHANG FRED FACHINGdirector, 10 percent owner: | Sell | 18,539 | $20.00 |
| Jun 3, 2026 | CHANG FRED FACHINGdirector, 10 percent owner: | Sell | 11,091 | $20.19 |
| Jun 2, 2026 | Chen Michaelofficer: Chief Legal Officer | Sell | 67 | $18.18 |
| Jun 1, 2026 | Chen Michaelofficer: Chief Legal Officer | Option | 105 | $18.57 |
| Jun 1, 2026 | CHANG FRED FACHINGdirector, 10 percent owner: | Sell | 10,000 | $17.91 |
| Jun 1, 2026 | Chen Michaelofficer: Chief Legal Officer | Tax | 38 | $18.57 |
| May 28, 2026 | CHANG FRED FACHINGdirector, 10 percent owner: | Sell | 10,000 | $20.43 |
Source: NEGG SEC Form 4 filings, latest Jul 8, 2026. For informational purposes only — not investment advice.
See the full NEGG insider & 13F page →Newegg Commerce, Inc. company profile
Overview
Newegg Commerce, Inc. (NASDAQ:NEGG) is an electronics-focused e-commerce retailer founded in 2001 and headquartered in City of Industry, California. The company went public in 2010 and operates primarily in North America, serving both business and consumer customers through its online platforms. Newegg is a subsidiary of Hangzhou Liaison Interactive Information Technology Co., Ltd., a Chinese company. The retailer has built its reputation as a destination for technology enthusiasts, gamers, and IT professionals seeking computer components, electronics, and related products.
Business
Newegg operates in the specialty electronics retail industry, functioning as an online marketplace and direct retailer for technology products. The company's core business revolves around selling electronics and technology-related products through its e-commerce platforms, primarily targeting tech-savvy consumers and businesses. The company operates several key platforms: Newegg.com serves as the primary consumer-facing website in the United States, while Newegg.ca caters to Canadian customers. Newegg Global extends the company's reach internationally, and NeweggBusiness.com specifically targets business customers. The company also offers mobile applications to enhance customer accessibility. Newegg's product portfolio spans multiple categories. Computer hardware and components represent a significant portion of sales, including CPUs, graphics cards, motherboards, storage devices, and accessories. The company also sells complete systems like desktops, laptops, and gaming computers. Beyond core computing products, Newegg offers consumer electronics such as home audio/video equipment, smartphones, cameras, and gaming consoles. The platform has expanded into adjacent categories including automotive electronics, home improvement tools, appliances, office supplies, fitness equipment, and even pet supplies. The business model combines direct sales of inventory with marketplace operations, where third-party sellers can list products on Newegg's platforms. This hybrid approach allows the company to offer a broader product selection while generating revenue through both product margins and marketplace fees.
Revenue model
Newegg generates revenue through multiple streams within its e-commerce ecosystem. The primary revenue source comes from direct product sales, where the company purchases inventory from manufacturers and distributors, then sells these products to end customers at marked-up prices. This traditional retail model applies to the majority of products sold on their platforms. The company also operates a marketplace model, earning commission fees from third-party sellers who list their products on Newegg's platforms. This approach allows Newegg to expand its product catalog without carrying inventory risk, while generating revenue through listing fees, transaction commissions, and fulfillment services. Additional revenue streams include advertising and promotional services provided to manufacturers and sellers who want to increase visibility for their products on Newegg's platforms. The company also generates income from extended warranties, technical services, and shipping fees. Newegg's customer base consists of both individual consumers (B2C) and business customers (B2B). Consumer customers typically include gaming enthusiasts, PC builders, and technology early adopters who value Newegg's product selection and technical expertise. Business customers range from small IT service providers to larger enterprises seeking bulk technology purchases. Several factors influence Newegg's profitability margins. Competition from larger e-commerce players like Amazon puts pressure on pricing and market share. Supplier relationships and purchasing power affect cost of goods sold, while inventory management efficiency impacts working capital requirements. Shipping and logistics costs significantly affect margins, particularly for heavy items like computer cases and monitors. Technology trends and product cycles influence demand patterns, with new product launches typically commanding higher margins than older inventory. The company's margins are also affected by promotional activities and price matching policies needed to remain competitive in the electronics retail space.
Competitive moat
Newegg's competitive moat is relatively narrow and primarily based on brand recognition within the technology enthusiast community. The company has built a reputation as a trusted destination for PC components and gaming hardware, particularly among DIY computer builders and IT professionals who value detailed product specifications, customer reviews, and technical support. The company's specialized focus on technology products provides some differentiation from general e-commerce platforms, as Newegg offers more technical depth in product descriptions, compatibility information, and customer support for complex technology purchases. This specialization creates value for customers who need expert guidance when building systems or selecting compatible components. However, Newegg's moat faces significant challenges. Amazon's dominance in e-commerce presents the most substantial competitive threat, as Amazon offers similar products often at competitive prices with superior logistics and customer service. Amazon's Prime membership program and extensive fulfillment network create customer loyalty that is difficult for Newegg to match. Other competitors include Best Buy's online platform, direct manufacturer sales channels, and specialized retailers like Micro Center. The company's inventory-heavy business model creates working capital challenges and inventory risk, while marketplace giants can offer better pricing through superior scale and negotiating power. Newegg's limited geographic presence compared to global competitors also constrains growth opportunities. The rise of direct-to-consumer sales by manufacturers and the increasing commoditization of technology retail further erode Newegg's competitive position. Overall, while Newegg maintains some brand loyalty among technology enthusiasts, its competitive moat is weak and faces ongoing pressure from larger, better-capitalized competitors with superior logistics and broader product offerings.
Risks & safety
Newegg's margin of safety appears concerning based on recent financial performance and balance sheet metrics. • Cash burn and solvency: The company holds $96.3 million in cash and short-term investments as of Q4 2024, but generated negative operating cash flow of $0.8 million for fiscal 2024. Free cash flow was negative $4.4 million for the year, indicating ongoing cash consumption. • Debt levels: Debt-to-equity ratio of 0.69 suggests moderate leverage. Current ratio of 1.16 indicates tight liquidity, with current assets barely exceeding current liabilities. • Profitability concerns: The company reported net losses of $43.3 million in fiscal 2024 and $59.0 million in fiscal 2023, with negative EBITDA of $33.0 million and $45.7 million respectively. • Valuation metrics: Trading at negative P/E ratios due to losses. Price-to-book ratio of 1.45 suggests modest premium to book value despite poor operating performance. • Revenue decline: Revenue decreased from $1.72 billion in 2022 to $1.24 billion in 2024, indicating deteriorating business fundamentals. • Other considerations: Return on equity of -40.8% in 2024 reflects poor capital efficiency. The company's subsidiary status under a Chinese parent company adds potential regulatory and geopolitical risks.
Recent development
Based on available financial data, Newegg appears to be facing significant operational challenges rather than pursuing major strategic pivots. The company has experienced declining revenues from $1.72 billion in fiscal 2022 to $1.24 billion in fiscal 2024, representing a concerning 28% decrease over two years. The financial trajectory shows persistent losses across recent periods, with the company reporting negative net income and EBITDA in each of the past three fiscal years. This suggests ongoing difficulties in maintaining profitability in the competitive e-commerce environment. Cash flow management has been inconsistent, with the company generating positive free cash flow of $11.3 million in 2022 but turning negative in subsequent years, culminating in negative $4.4 million free cash flow in 2024. This pattern indicates challenges in converting sales into cash generation. The company's inventory and working capital management appears to be under pressure, as evidenced by the declining current ratios and quick ratios over the reporting periods. The business model's reliance on inventory-heavy operations in a competitive market environment has created ongoing margin pressure. Without access to recent earnings call transcripts, specific strategic initiatives or new product launches cannot be detailed. However, the financial metrics suggest the company is primarily focused on operational efficiency and cost management rather than major expansion or diversification efforts during this challenging period.
NEGG company profile · for informational purposes only — not investment advice.
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