AI-extracted from the 10-K filed 2026-08-17 — FY2026 (year ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Extreme Networks' net revenues reached $1.28B (+12.6% YoY) with net income of $42.1M vs. loss of $7.5M prior year, driven by product revenue growth of 14.9% and improved operating leverage.
Biggest Revenue Drivers
Product$809.6M+14.9% YoY
Average selling price improvements from price increases and favorable product mix changes.
Subscription and Support$474.0M+8.8% YoY
Increased adoption of cloud network management solutions including Extreme Platform ONE, generally available July 2025.
Biggest Revenue Drivers
Total revenue: $1,283.6M+12.6% YoY
Product$809.6M+14.9% YoY
Average selling price improvements from price increases and favorable product mix changes.
Subscription and Support$474.0M+8.8% YoY
Increased adoption of cloud network management solutions including Extreme Platform ONE, generally available July 2025.
Largest Expense Items
Sales and Marketing$364.3M+11.2% YoY
Personnel costs increased $17.2M, sales commissions rose $9.9M, and information technology costs increased $5.5M.
Research and Development$233.9M+5.6% YoY
Personnel costs increased $5.7M, IT costs rose $4.0M, primarily supporting autonomous AI focus and Agent ONE capabilities.
General and Administrative$125.3M-10.3% YoY
Legal costs decreased $25.9M due to reduced litigation matters, partially offset by higher compensation and amortization.
Margins: Gross margin decreased 70 basis points to 61.5% from 62.2% YoY, primarily due to higher subscription hosting costs of $10.0M and increased product distribution costs of $8.2M, offset partially by strong product revenue growth and improved product gross profit from price increases.
Watch Items from the Filing
International revenue represents 55% of total net revenues (vs. 52% prior year), with EMEA growing 18.3% and APAC surging 34.9%, creating significant foreign exchange exposure and geopolitical risk.
SaaS ARR grew 17.7% YoY to $244.3M, representing only 19% of total revenues; subscription base remains relatively immature with further upside potential but dependency on cloud adoption.
Debt outstanding of $165.0M under 2026 Credit Agreement with consolidated total net leverage ratio covenant of 3.75x and interest coverage of 3.00x, recently refinanced July 29, 2026.
Product backlog declined to $51.8M from $72.3M at prior year-end, suggesting potential revenue visibility challenges despite strong current-period results.
Three largest distributors—Westcon, TD Synnex, and Jenne—represent significant customer concentration with non-exclusive relationships subject to annual negotiation.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Pasek Ronald JDirectorGrant or award · Jan 5, 2026
About EXTREME NETWORKS INC (EXTR): stock profile, AI score and financials
EXTREME NETWORKS INC (EXTR) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores EXTR at 54.0/100 on a composite quality score built from its SEC filings, placing it at rank #1,357 of 2,925 stocks — the top half of the AI-ranked universe. EXTR scores in the top quartile across earnings quality (79.7). Shareholder dilution risk is elevated at 20.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q4 2026), EXTREME NETWORKS INC reports quarterly revenue of $338.5M, net income of $18.0M, an operating margin of 6.2%. Top institutional holders of EXTR by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. EXTR trades on the Nasdaq exchange and files with the SEC under CIK 1078271. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EXTR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EXTREME NETWORKS INC directly from SEC EDGAR.