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MARKETS / BALCAO / CMBMF
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
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
200.0M-25.0M-50.0M201720182019202020212022202320242025
Compound annual growth
−18.7%
−10.5%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%201720182019202020212022202320242025
ROE
FY2024 · ROE -257.2%
20%40%-100%-200%201720182019202020212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -16.1
20M40M-8M-16M201720182019202020212022202320242025

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

Equity was negative — liabilities 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
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 %·········
ROE %·−257.2−80.817.242.636.0−181.8··
Shares out B0.030.030.030.030.030.030.030.00·

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

Provenance
Company facts, as filed
How we verify · 0 failures in 43 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 52 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 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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