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BALCAO · RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT · SMALL CAP

Cambium Networks Corp. CMBMF

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$159.6M
▼ 10.0% YoY
$-38.5M
$-16.1M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Cambium Networks designs, develops, and manufactures fixed wireless and PON/XGSPON based broadband, Wi-Fi, and local area networking switching infrastructure, and security gateway solutions for applications including broadband access, wireless backhaul, Internet of Things connectivity, public safety communications, and Wi-Fi access. As of December 31, 2025, the company had approximately 486 full-time employees located in 25 countries, of whom 341 worked outside the United States. Its product lines fall into three broad, interrelated categories: Fixed Wireless and fiber Broadband, Enterprise Networking, and Subscription and Services. The FWB portfolio spans point-to-point and point-to-multi-point architectures across licensed, unlicensed, and lightly licensed spectrum, together with fiber products addressing commercial, government, and defense applications. The Enterprise portfolio includes indoor and outdoor Wi-Fi 5, Wi-Fi 6, and Wi-Fi 7 access points, copper- and optical-based Ethernet switches, and security gateway and software-defined wide area network devices. The Subscription and Services portfolio includes network planning and design solutions along with cloud or on-premises network management and control solutions delivered through subscription to cnMaestro. Cambium Networks was formed in 2011 as Vector Cambium Holdings (Cayman), Ltd., and adopted the name Cambium Networks Corporation in 2018.

Written from the business description in Cambium Networks Corporation's annual report to the U.S. Securities and Exchange Commission, filed 1 May 2026. Every sentence was checked against that document before publication.

Growth

USD 159.6M
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 159.6 · Net income -38.5
150M300M-30M-60M
2017202020232025
Compound annual growth
−18.7%
−10.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −10.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−24 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -17.5% · Net -24.1%
5%10%-20%-40%
201720212025
ROE
FY2023 · ROE -80.8%
20%40%-50%
201720212025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -16.1
20M40M-10M-20M
201720212025

Total assetsUSD 137.1M
EquityUSD -35.9M
CashUSD 11.3M
Gross debtUSD 66.4M
Net debtUSD 55.1M
Current ratio0.66×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 9-year record

9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CMBMF, 9-year financial record
Metric 202520242023202220212020201920182017
Revenue $B0.20.20.20.30.30.30.30.20.2
Operating income $B−0.0−0.1−0.10.00.00.00.00.00.0
EBITDA $B−0.0−0.1−0.00.00.00.00.00.00.0
Income tax $B0.0−0.00.0−0.0−0.0−0.00.0−0.0−0.0
Net income $B−0.0−0.1−0.10.00.00.0−0.0−0.00.0
Free cash flow $B−0.0−0.0−0.0−0.00.00.10.0−0.00.0
EPS, diluted $−1.34−2.65−2.690.721.310.70−0.89−0.110.67
Dividend / sh $0.000.000.000.000.000.000.00◌◌
Payout % — not applicable: no dividend—————————
ROE %——−80.817.242.636.0———
Shares out B0.030.030.030.030.030.030.030.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 43 reconciliationsAUDITED

Reconciled in 9 of the 9 fiscal years we could check. 22 checks were skipped: the balance sheet is not tagged before 2018. 10 checks were skipped: EPS is not tagged before 2017. 10 checks were skipped: revenue is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRadio & Tv Broadcasting & Communications Equipment
Listed onOTC market
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2017

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