Newegg Commerce Reports Strong Fiscal 2025 Earnings, Narrowing Loss and Positive Adjusted EBITDA

NEGG
April 29, 2026

Newegg Commerce, Inc. reported fiscal 2025 revenue of $1.44 billion, up 16.9% from $1.236 billion in 2024, and gross merchandise volume of $1.77 billion, a 15.4% year‑over‑year increase. The company posted a net loss of $4.9 million, a dramatic improvement from the $43.3 million loss in 2024, while gross profit rose to $168.5 million from $131.5 million. Adjusted EBITDA swung to $24.8 million, turning a $9.5 million loss in 2024 into a positive figure.

The turnaround was driven by robust demand for next‑generation PC components, including the launch of NVIDIA GeForce 50 Series GPUs and AMD Radeon 9000 Series GPUs, and a successful Black Friday door‑buster campaign that sustained customer engagement through the holiday season. Cost‑control initiatives and real‑estate consolidation helped keep operating expenses in check, allowing the company to convert higher sales into improved profitability.

Compared with 2024, the company’s net loss narrowed from $43.3 million to $4.9 million, and adjusted EBITDA moved from a $9.5 million loss to $24.8 million. Gross profit increased by $37 million, reflecting a stronger mix of high‑margin GPU and CPU sales and better inventory management. These shifts signal a significant improvement in operational efficiency and a clearer path toward profitability.

For 2026, Newegg guided net sales between $1.23 billion and $1.47 billion, maintaining confidence in continued revenue growth while acknowledging macro‑economic uncertainty. The guidance reflects expectations of sustained demand for AI‑enabled computing hardware and the expansion of the company’s gaming community initiatives.

Headwinds remain, with macro‑economic uncertainty and supply‑chain constraints cited as potential risks. Nevertheless, the company’s focus on AI commerce and the growing gaming community are positioned to provide tailwinds, supporting the outlook for continued margin improvement and profitability.

"2025 was a year of strong execution and meaningful growth for Newegg. We achieved double‑digit year‑over‑year GMV growth, driven by robust demand for next‑generation PC components and continued scaling across both our direct and marketplace businesses," said CEO Anthony Chow. "Performance during the year was supported by strong product cycles, including the launches of NVIDIA GeForce 50 Series GPUs and AMD Radeon 9000 Series GPUs, as well as the success of our inaugural month‑long Black Friday door‑buster campaign, which drove sustained customer engagement throughout the holiday season," he added. "We are pleased to report Newegg's strong year‑over‑year growth in 2025, driven by solid demand for PC components, including increased interest in AI computing hardware alongside new GPU and CPU launches. GMV rose 15.4% year‑over‑year to $1.77 billion in 2025, with net sales increasing by 16.9%. Supported by cost control measures and real‑estate consolidation efforts, adjusted EBITDA improved significantly to $24.8 million in 2025, compared to a $9.5 million loss in 2024," said Interim CFO Christina Ching.

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