Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Newegg Commerce, Inc. serves as a prominent online retailer specializing in electronics across North America. Its vast product offerings extend beyond traditional computing, encompassing a comprehensive range of items. Customers can procure everything from complete desktop and laptop systems, including dedicated gaming models, to individual computer components like CPUs, graphics cards, motherboards, and storage devices.
How they make money
Newegg operates as an electronics-focused e-retailer using a hybrid model of direct sales and a third-party marketplace. The company generates revenue through product sales, commissions from marketplace sellers, and by providing logistics, fulfillment, and marketing services to third-party sellers and brand partners.
Products & services
Online retail platforms (Newegg.com, Newegg.ca, Newegg Global) offering IT and consumer electronics, alongside third-party logistics (3PL), Shipped-by-Newegg (SBN) fulfillment, and advertising services.
Brands & revenue mix
Newegg
The primary brand under which the company operates its e-commerce platforms and logistics services.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
The company does not rely on any single customer for a significant portion of its total revenue as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
IT and Consumer Electronics Manufacturers — The company sources merchandise from a broad network of global manufacturers and distributors across more than 25 countries.Source
Competitors
Amazon.com, Inc. — A global e-commerce retailer that competes across the broad spectrum of consumer electronics and general merchandise.Source
Best Buy Co., Inc. — A specialty retailer of consumer electronics and related services with both physical and online presence.Source
Strengths
Specialized focus on IT and consumer electronicsSource
Established third-party logistics and fulfillment infrastructureSource
Risks
Intense competition in the e-commerce and retail sectorsSource
Dependence on third-party suppliers and logistics partnersSource
Overall investment score · Quality, value, risk and opportunity
39
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
54
Fair
Financial Strength
69
Business Quality / Moat
63
Management
59
Growth Quality
29
Risk / Durability
12
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
10
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
16/100
Building Historical Record
Model Score 16/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Balance-sheet / debt profile scores strongly
What to watch
•Debt service risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for NEGG
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving NEGG's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•How long can NEGG fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is NEGG likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What future growth or profitability would be needed to justify NEGG's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NEGG
Detected from reported data — verify before acting.
Debt service risk
Interest coverage is low (~-9.5x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on NEGG.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Specialized focus on IT and consumer electronics.
+Established third-party logistics and fulfillment infrastructure.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Specialty Retail industry.
−Intense competition in the e-commerce and retail sectors.
−Dependence on third-party suppliers and logistics partners.
−Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak39/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Elite
97
Debt Cost1.6%
Debt Reduction YoY13.4%
Debt / Equity0.39x
Tap for breakdown →
Revenue
Poor
24
Revenue YoY-4.8%
Revenue CAGR-1.8%
Net Margin0.7%
Tap for breakdown →
Asset
Fair
68
Asset Growth YoY15.1%
Liquidation/Share$9.26
Net Assets/MCap1.52x
Tap for breakdown →
Capital
Poor
28
Earnings Yield3.7%
Buyback Yield0.6%
Debt Cost1.6%
Tap for breakdown →
Management
Fair
59
ROIC-6.1%
ROE5.0%
ROA2.1%
Tap for breakdown →
Moat
Fair
63
EPS Growth—
FCF/Share Growth—
Rev/Share Growth61.1%
Tap for breakdown →
Valuation
Poor
16
Intrinsic Value$3.80
Value Reference$2.28
MOS-185.0%
Tap for breakdown →
Buffett
Fair
59
Revenue24
Moat63
Valuation16
Tap for breakdown →
MOS
Poor
0
MOS %-185.0%
Value Reference$2.28
Deep Discount Reference$1.52
Tap for breakdown →
Financial
Poor
25
Interest Coverage-9.5x
ROIC-6.1%
FCF Yield-11.7%
Tap for breakdown →
Master
Weak
42
Financial25
Valuation16
Debt97
Tap for breakdown →
Resilience
Poor
30
Survival Years3.6 yrs
Current Ratio1.41x
FCF Margin-2.1%
Tap for breakdown →
Was this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
YesNot yetDismiss
Score Changes
3 historical score records available
Previous Score
39
Oct 1, 2026
Change
+0.2
points
Current Score
39
Oct 8, 2026
Category Changes
Revenue+0.2
Debt0
Assets+0.6
Capital+1.0
Management0
Moat0
Valuation0
Buffett+0.1
NEGG increased 0.2 points because overall fundamentals improved.
Projected Score
Projected Score
33
Projected Change
-5.9 points
Preliminary comparable-period financial changes suggest decline of approximately 5.9 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$1.38B
$1.44B
$1.24B
$1.50B
····
····
····
····
····
····
····
Cost of Revenue
$1.20B
$1.28B
$1.11B
$1.33B
····
····
····
····
····
····
····
Gross Profit
$170.9M
$168.5M
$120.8M
$167.6M
····
····
····
····
····
····
····
Research & Development
$0.00
$0.00
$0.00
$0.00
····
····
····
····
····
····
····
SG&A Expenses
$164.2M
$170.4M
$172.3M
$238.6M
····
····
····
····
····
····
····
Operating Expenses
$164.2M
$178.0M
$172.0M
$238.6M
····
····
····
····
····
····
····
EBITDA
$14.1M
$5.7M
-$33.0M
-$45.7M
····
····
····
····
····
····
····
Operating Income
$6.7M
-$9.5M
-$51.6M
-$71.1M
····
····
····
····
····
····
····
Interest Expense
$936K
$1.0M
$952K
$2.5M
····
····
····
····
····
····
····
Income Before Tax
$11.5M
-$2.9M
-$44.6M
-$61.7M
····
····
····
····
····
····
····
Income Tax Expense
$2.1M
$2.0M
-$1.3M
-$2.7M
····
····
····
····
····
····
····
Net Income
$9.3M
-$4.9M
-$43.3M
-$59.0M
····
····
····
····
····
····
····
Basic EPS
$0.45
$-0.24
$-2.25
$-3.12
····
····
····
····
····
····
····
Basic Shares
20.97M
20.11M
19.29M
18.93M
····
····
····
····
····
····
····
Diluted Shares
20.97M
20.11M
19.29M
18.93M
····
····
····
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
Debt reduced
Potential Score Impact
Positive indicators included cash levels, debt levels, net income margin. Pressure indicators included revenue growth, EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 8.1%. EPS declined 200.0%. Cash increased 40.7%. Total debt declined 30.5%. Net income margin improved by 1.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.