Newegg Commerce Inc NEGG

Consumer DiscretionarySoftware & IT ServicesUnited States of America

Last close 10.31 USD on Nov 1, 2026, −80.6% year to date

Quant rating

Quant rating D Rank 341 of 344 in Consumer Discretionary

Growth D 318 of 344
Valuation D 323 of 344
Quality D 341 of 344
Revisions D 318 of 344
Momentum D 328 of 344

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 206M
Enterprise value: 126M
52-week range: 9.43 – 96.00
3-year range: 3.50 – 128.09
Dividend yield: –
Beta (5 years): 3.75
Shares outstanding: 21.0M
Next earnings: –

About the company

Newegg Commerce, Inc. is a global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. The Company also serves businesses' e-commerce needs with marketing, supply chain, and technical solutions in a single platform. It has developed an online marketplace that delivers value to consumers, brands and sellers in the technology products sector. Additionally, the Company's platforms offer a comprehensive suite of e-commerce solutions, including product listing, fulfillment, marketing, customer service and other value-added tools and services. Its core customers include both its business-to-consumer (B2C) customers and its business-to-business (B2B) customers. The Company's B2C Platforms include Newegg.com, Newegg.ca, Newegg Global and Mobile apps. NeweggBusiness.com, its B2B e-commerce platform, offers a full range of information technology, office and industrial products and solutions for various customers.

Growth and profitability

Growth and profitability by fiscal year
	2023	2022	2021	2020	2019	5Y avg
Revenue (mil)	1,444	1,236	1,497	1,720	2,376	–
Revenue growth	16.9%	−17.5%	−13.0%	−27.6%	662,650.3%	426.1%
EPS (basic, normalized)	–	−3.00	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	11.7%	10.6%	11.2%	12.6%	13.7%	12.0%
Net margin	−0.3%	−3.5%	−3.9%	−3.3%	1.5%	−1.9%
ROE	−3.7%	−36.8%	−41.5%	−34.0%	39.2%	−15.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	82.2
Current ratio	1.55x
Long-term debt (mil)	0
Net debt (mil)	−80.0
Total equity (mil)	171
Net debt / equity	−0.47x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2023 actual	1,444	+16.9%	0.1x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2024	–	–	–	–	–	–	–	–
2025	–	–	–	–	–	–	–	–
2026	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	FQ-8	FQ-7	Dec 2022	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	481	–	–	–	–	–	–
Sales mean (mil)	–	–	–	439	356	339	–	–	–	–
Surprise	–	–	–	+9.4%	–	–	–	–	–	–
EPS reported	–	–	–	−1.60	–	–	–	–	–	–
EPS mean	–	–	–	−0.40	−0.60	−0.60	–	–	–	–
Surprise	–	–	–	−300.0%	–	–	–	–	–	–

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
NEGG Newegg Commerce Inc	206M	–	−0.3%	1.21x	–	–	–	–
SFIX Stitch Fix, Inc.	361M	−3.23x	−0.9%	1.82x	−18.4x	−31.4x	5.2x	4.1x
SIMPQ Simply Inc	0M	–	−14.1%	–	–	–	–	–
Mean		−3.23x	−5.1%	1.51x	−18.4x	−31.4x	5.2x	4.1x
Median		−3.23x	−0.9%	1.51x	−18.4x	−31.4x	5.2x	4.1x

Technical analysis

1M−24.5%
3M−30.1%
1Y−84.5%
3Y−10.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Newegg Commerce Inc, fiscal years, most recent first
	2023	2022	2021	2020	2019	2018
Total revenue	1,444	1,236	1,497	1,720	2,376	0.4
Cost of revenue	1,276	1,104	1,329	1,504	2,050	0.6
Gross profit	168	131	168	217	326	−0.3
Selling, general & administrative expenses	178	183	239	266	292	2.7
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	0	2.3	−2.0	0.2
Other operating expenses	0	0	0	0	0	0
Operating income	−9.5	−51.6	−71.1	−51.8	35.6	−3.2
Net interest income (expense)	1.3	3.4	6.7	3.2	−6.8	0
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	5.4	3.6	2.8	5.3	1.8	0
Net income before taxes	−2.9	−44.6	−61.7	−43.3	30.5	−3.2
Provision for taxes	2.0	−1.3	−2.7	14.1	−5.8	0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−4.9	−43.3	−59.0	−57.4	36.3	−3.2
Extraordinary items	–	–	–	–	–	–
Net income	−4.9	−43.3	−59.0	−57.4	36.3	−3.2
EBIT, normalized	−9.5	−51.6	−71.1	−49.5	33.5	−3.0
EBITDA, normalized	−1.9	−40.8	−57.6	−38.5	44.4	−2.5
Basic EPS, normalized	–	−3.00	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Newegg Commerce Inc, fiscal years, most recent first
	2023	2022	2021	2020	2019	2018
Assets
Cash & short-term investments	108	96.3	103	123	100.0	1.8
Receivables	62.5	66.8	83.6	88.7	63.7	0.2
Total inventory	166	98.5	136	156	245	0.1
Prepaid expenses	18.3	14.2	13.4	17.0	17.9	0.1
Other current assets	5.8	7.8	8.7	6.6	12.3	3.8
Total current assets	361	284	344	391	439	6.0
Property, plant & equipment	97.0	112	139	129	145	0.1
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	–	0	2.2	11.2	17.3	–
Note receivable	–	–	–	–	–	–
Other long-term assets	11.3	11.9	13.7	10.8	25.6	0
Total assets	469	407	499	542	627	6.0
Liabilities
Accounts payable	160	148	207	207	221	0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	52.6	47.8	42.9	65.3	89.3	0.7
Short-term debt	6.3	7.1	7.3	6.1	6.2	1.8
Current portion of long-term debt	–	0	0.3	0.3	0.3	–
Other current liabilities	37.4	40.4	39.5	31.0	39.8	0.2
Total current liabilities	257	244	297	310	356	2.7
Long-term debt	0	0	1.1	1.4	1.8	0
Minority interest	–	–	–	–	–	–
Other liabilities	51.7	57.7	72.0	75.7	86.1	0.5
Total liabilities	308	301	370	387	444	3.2
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	9.2	8.5	8.3	8.2	8.1	0.1
Additional paid-in capital	347	289	267	233	198	48.0
Retained earnings (accumulated deficit)	−179	−174	−131	−71.7	−14.3	−47.8
Treasury stock	–	–	–	–	–	–
Other equity	−16.3	−17.5	−15.0	−14.1	−9.1	2.6
Total equity	161	106	129	155	182	2.8
Total liabilities & shareholders' equity	469	407	499	542	627	6.0

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Newegg Commerce Inc, fiscal years, most recent first
	2023	2022	2021	2020	2019	2018
Operating activities
Net income	−4.9	−43.3	−59.0	−57.4	36.3	−3.2
Depreciation, depletion & amortization	7.6	10.7	13.4	11.0	10.8	0.5
Deferred taxes	0.5	0.7	−0.7	12.5	−12.7	–
Non-cash items	24.9	31.3	30.6	44.2	21.7	0.4
Changes in working capital	−55.1	−0.2	11.8	10.2	−109	0.1
Cash from operations	−27.0	−0.8	−3.8	20.5	−53.3	−2.3
Investing activities
Capital expenditures	−2.7	−3.6	−30.3	−9.2	−13.8	0
Other investing cash flows	2.8	6.1	16.0	5.4	0	0
Cash from investing	0.1	2.4	−14.3	−3.8	−13.8	0
Financing activities
Financing cash flow items	−2.3	−1.3	−0.8	−1.5	11.4	–
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	37.9	−4.7	2.3	3.1	1.3	7.7
Cash from financing	35.6	−6.1	1.6	1.5	12.7	7.7
Foreign exchange effects	0.2	−2.3	−0.5	0.9	1.0	0
Net change in cash	8.9	−6.7	−17.0	19.2	−53.4	5.3
Free cash flow	−29.7	−4.4	−34.1	11.3	−67.1	−2.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.