MARKETS / BALCAO / NLST
BALCAO · SEMICONDUCTORS & RELATED DEVICES · SMALL CAP

Netlist Inc. NLST

16 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$188.6M
▲ 28.2% vs FY2024
EPS · FY25
$-0.09
Dividend / sh · FY25
Payout · FY25
ROE · FY25
Net margin · FY25
-13.2%
Dividend coverage
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Result
USD 188.6M
Revenue, FY2025 · full 16-year series below
Revenue Net income
0.050.10.150.20.2-0.0201020132016201920222025
0.050.10.150.20.2-0.02016201920222025

The company lost 13 cents on every revenue dollar this year.

Per share
USD -0.09
Diluted EPS, FY2025
EPS
0.40.81.2-0.09201020132016201920222025
0.40.81.2-0.092016201920222025

The company pays no cash dividend.

Profitability
Return on equity, FY2025
ROE
5101520201020132016201920222025
51015202016201920222025
Operating margin-13.5%
Net margin-13.2%
Return on assets-54.4%

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+31.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.3%
+31.9%
+37.1%
+11.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.31B
Shares outstanding, FY2025
0.030.31201020132016201920222025
0.060.312016201920222025
Change, 5 years+56.8%
Change, 10 years

The share count grew 57% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 49.5M
total assets, end of FY2025
Total assetsUSD 49.5M
EquityUSD -5.2M
CashUSD 31.8M
Current ratio0.88×

Equity funds -11% of total assets.

History
16 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Revenue $B
0.2
0.1
0.1
0.2
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.0
Operating income $B
−0.0
−0.1
−0.1
−0.0
0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
−0.0
−0.1
−0.1
−0.0
0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
·
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
Net income $B
−0.0
−0.1
−0.1
−0.0
0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
−0.09
−0.21
−0.25
−0.14
0.02
−0.04
−0.08
−0.16
−0.20
−0.21
−0.42
−0.38
−0.35
−0.50
−0.22
−0.64
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
·
−608.3
−236.9
−82.1
18.8
·
·
·
·
·
−1212.8
−262.2
−103.9
−83.1
−26.8
−69.2
Shares out B
0.31
0.27
0.25
0.23
0.23
0.20
0.17
0.14
0.08
0.06
0.05
0.04
0.03
0.03
0.03
0.03

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
63 of 63
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed