EXTR on Nasdaq

Extreme Networks

Logo: Extreme Networks, Public domain, via Wikimedia Commons5

American networking company

Extreme Networks, Inc. is an American networking company based in Morrisville, North Carolina.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$1.3BRevenue, fiscal 20266
$42.1MNet income, fiscal 20266
1996Founded1

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  • TickerEXTR on Nasdaq1
  • Industrynetworking hardware1
  • HeadquartersSan Jose1
  • Websitewww.extremenetworks.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address2121 Rdu Center Drive, Suite 300, Morrisville, Nc 275607
  • Filer categoryLarge accelerated filer7
  • LEI549300WRECW11X94UB574
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 29901534
Extreme Networks 02
Photo: Yamazaki Hitoshi, CC BY-SA 4.0, via Wikimedia Commons9

Extreme Networks, Inc. is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security and access controls.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

61.5%Gross margin6
4.9%Operating margin6
3.3%Net margin6
12.6%Revenue growth, 20266
47.5%Return on equity6
1.63×Debt to equity6
$95.2MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 63% of the revenue Extreme Networks broke down this way in fiscal 2026.

  1. Product$809.6M663%up 15% from 2025
  2. Subscription And Support$474.0M637%up 9% from 2025
Products and services by year
Products and services202420252026
Product$699.3M$704.5M$809.6M
Subscription And Support$417.9M$435.6M$474.0M

Regions

United States brought in 45% of the revenue Extreme Networks broke down this way in fiscal 2026.

  1. United States$576.2M645%up 5% from 2025
  2. EMEA$534.3M642%up 18% from 2025
  3. Asia Pacific$123.7M610%up 35% from 2025
  4. Other Americas$49.3M64%up 1% from 2025
Regions by year
Regions202420252026
United States$581.1M$547.7M$576.2M
EMEA$422.0M$451.6M$534.3M
Asia Pacific$67.5M$91.7M$123.7M
Other Americas$46.6M$49.0M$49.3M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue39¢$494.5M
  • Research and development18¢$233.9M
  • Other costs38¢$490.0M
  • Interest1¢$13.8M
  • Income tax1¢$9.4M
  • Profit3¢$42.1M

Out of $1.3B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending23¢$27.9M
  • Share buybacks71¢$87.0M
  • Kept or used elsewhere7¢$8.2M

Out of $123.2M of cash from operations.6

Financial statements

Revenue10111213146$1.3B in 2026+29% since 2019
0$500.0M$1.0B$1.5B2019: $995.8M$995.8M20192020: $948.0M$948.0M2020−5%2021: $1.0B$1.0B2021+6%2022: $1.1B$1.1B2022+10%2023: $1.3B$1.3B2023+18%2024: $1.1B$1.1B2024−15%2025: $1.1B$1.1B2025+2%2026: $1.3B$1.3B2026+13%
Gross profit10111213146$789.1M in 2026+43% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $551.2M$551.2M20192020: $517.8M$517.8M2020−6%2021: $585.1M$585.1M2021+13%2022: $629.9M$629.9M2022+8%2023: $754.7M$754.7M2023+20%2024: $630.8M$630.8M2024−16%2025: $709.1M$709.1M2025+12%2026: $789.1M$789.1M2026+11%
Operating income10111213146$62.7M in 2026
-$100.0M0$100.0M$200.0M2019: -$14.7M-$14.7M20192020: -$98.9M-$98.9M2020+572%2021: $34.4M$34.4M20212022: $64.2M$64.2M2022+87%2023: $108.3M$108.3M2023+69%2024: -$65.2M-$65.2M20242025: $16.9M$16.9M20252026: $62.7M$62.7M2026+270%
Net income10111213146$42.1M in 2026
-$200.0M-$100.0M0$100.0M2019: -$25.9M-$25.9M20192020: -$126.8M-$126.8M2020+391%2021: $1.9M$1.9M20212022: $44.3M$44.3M2022+2187%2023: $78.1M$78.1M2023+76%2024: -$86.0M-$86.0M20242025: -$7.5M-$7.5M2025−91%2026: $42.1M$42.1M2026

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-06-302025-06-302024-06-30
Total net revenues$1.3B$1.1B$1.1B
Total cost of revenues$494.5M$430.9M$486.4M
Total gross profit$789.1M$709.1M$630.8M
Research and development$233.9M$221.5M$211.9M
Sales and marketing$364.3M$327.6M$345.8M
General and administrative$125.3M$139.6M$99.9M
Restructuring and related charges$1.3M$1.5M$36.3M
Amortization of intangible assets$1.7M$2.0M$2.0M
Total operating expenses$726.4M$692.2M$696.0M
Operating income (loss)$62.7M$16.9M-$65.2M
Interest income$4.2M$4.3M$4.6M
Interest expense-$13.8M-$15.9M-$17.0M
Other income (expense), net-$1.6M-$1.1M$133.0K
Income (loss) before income taxes$51.5M$4.3M-$77.5M
Provision for income taxes$9.4M$11.7M$8.5M
Net income (loss)$42.1M-$7.5M-$86.0M
Net income (loss) per share - basic$0.32-$0.06-$0.66
Net income (loss) per share - diluted$0.31-$0.06-$0.66
Shares used in per share calculation - basic132.8M shares132.3M shares129.3M shares
Shares used in per share calculation - diluted135.0M shares132.3M shares129.3M shares

Compare Extreme Networks with another company

The story

Extreme Networks was established by co-founders Gordon Stitt, Herb Schneider, and Stephen Haddock in 1996 in California, United States, with its first offices located in Cupertino, which later moved to Santa Clara, and later to San Jose. Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. Gordon Stitt was a co-founder and was chief executive officer until August 2006, when he retired and became chairman of the board of directors.

The initial public offering in April 1999 was listed on the NASDAQ stock exchange as ticker "EXTR."

In April 2013, Charles W. Berger (from ParAccel as it was acquired by Actian) replaced Oscar Rodriguez as CEO.

On April 19, 2015, Charles W. Berger resigned as CEO, and was replaced by Board Chairman Ed Meyercord.

From Wikipedia’s article on Extreme Networks, shared under CC BY-SA 4.0.8

Leadership

Who has led Extreme Networks, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (44)

Products and brands

  • networking hardware

Listed on Wikidata.1

Acquisitions

In October 1996, Extreme Networks acquired Mammoth Technology.

Extreme Networks acquired Optranet in February 2001 and Webstacks in March 2001. Extreme had invested in both companies, which were purchased for about $73 million and $74 million respectively.

On September 12, 2013, Extreme Networks announced it would acquire Enterasys Networks for about $180 million.

On October 31, 2016, Extreme Networks announced that it completed the acquisition of Zebra Technologies' wireless LAN business for about $55 million.

Read the full text

On March 7, 2017, Extreme Networks announced its intention to acquire Avaya's networking business in a transaction valued at $100 million. The acquisition officially closed on July 17, 2017. As part of this transaction, Extreme acquired customers, personnel, and technology assets from Avaya. Extreme has publicly stated that it expects to "generate over $200 million in additional annualized revenue" from the acquired networking assets from Avaya.

On March 29, 2017, Extreme Networks announced its intention to acquire Brocade's SRA (Switching, Routing, and Analytics) business from Broadcom for an undisclosed sum. The acquisition officially closed on October 30, 2017, and with it, Extreme acquires customer relationships, personnel, and technology assets from Brocade including the SLX, VDX, MLX, CES, CER, Workflow Composer, Automation Suites, and certain other Data Center related products. Extreme has publicly stated that it anticipates "the transaction will generate over $230 million in additional annualized revenue from the acquired assets".

On June 26, 2019, Extreme Networks announced its intention to acquire Aerohive Networks for $272 million. Aerohive's cloud-managed portfolio of wireless, LAN, and SD-WAN products is well-regarded in the industry. The acquisition was completed on August 9, 2019, at an aggregate purchase price of approximately $272 million.

On September 15, 2021, Extreme Networks acquired Infovista's Ipanema SD-WAN business.

From Wikipedia’s article on Extreme Networks, shared under CC BY-SA 4.0.8

Employees over time

  • 20182,7131
  • 20151,3001

Timeline

  1. May 12, 2015New chief executive Edward Meyercord becomes CEO19
  2. May 6, 2013New chief executive Charles W. Berger becomes CEO20
  3. Sep 16, 2010New chief executive Juan Oscar Rodriguez becomes CEO22
  4. Feb 9, 2010New chief executive Bob L. Corey becomes CEO21
  5. Jul 31, 2007New chief executive Gordon Stitt becomes CEO23
  6. Sep 7, 2006New chief executive Mark A. Canepa becomes CEO24
  7. 1996Founded Founded1

Filings

362 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 37 major events, 214 insider forms, 18 large holders, 73 other. The latest 20:

  1. Oct 1, 2026144 EDGAR
  2. Sep 18, 2026ARS EDGAR
  3. Sep 18, 2026DEFA14A EDGAR
  4. Sep 18, 2026DEF 14A EDGAR
  5. Sep 2, 20264 E. MEYERCORD 10B5-1 RSU SALE_9.1.2026 EDGAR
  6. Aug 26, 20268-K EDGAR
  7. Aug 21, 2026144 EDGAR
  8. Aug 21, 20264 K. RHODES - 8.21.2026 10B5-1 EDGAR
  9. Aug 18, 20264 K. RHODES - 8.15.2026 VESTING EDGAR
  10. Aug 18, 20264 K. MOTIEY - 8.15.2026 VESTING EDGAR
  11. Aug 18, 20264 E. MEYERCORD - 8.15.2025 VESTING EDGAR
  12. Aug 17, 202610-K EDGAR
  13. Aug 11, 20264 R. KHANNA 10B5-1 SALE 8.10.2026 EDGAR
  14. Aug 10, 2026144 EDGAR
  15. Aug 5, 20268-K EDGAR
  16. Aug 4, 20264 10B5-1 EXERCISE AND SALE_8.3.2026 EDGAR
  17. Jul 30, 20268-K EDGAR
  18. Jul 2, 20264 10B5-1 EXERCISE_7.1.2026 EDGAR
  19. Jul 1, 2026144 EDGAR
  20. Jun 12, 2026144 EDGAR

The 362 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

110 open-market trades by officers, directors and large owners since October 2021: 1 buys and 109 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026MEYERCORD EDWARDPRESIDENT AND CEOSale50,000$21.90$1.1MForm 4
Aug 21, 2026RHODES KEVIN REVP Chief Financial OfficerSale21,825$22.30$486.7KForm 4
Aug 10, 2026Khanna RajDirectorSale15,000$24.20$363.0KForm 4
Aug 3, 2026MEYERCORD EDWARDPRESIDENT AND CEOSale50,000$29.79$1.5MForm 4
Jul 1, 2026MEYERCORD EDWARDPRESIDENT AND CEOSale50,000$31.71$1.6MForm 4
Jun 12, 2026MOTIEY KATAYOUNChief Legal Admin Sust OfficerSale30,000$31.03$930.9KForm 4
Jun 11, 2026RHODES KEVIN REVP Chief Financial OfficerSale35,000$30.43$1.1MForm 4
Jun 8, 2026MOTIEY KATAYOUNChief Legal Admin Sust OfficerSale7,500$30.00$225.0KForm 4
Jun 2, 2026MOTIEY KATAYOUNChief Legal Admin Sust OfficerSale7,500$29.00$217.5KForm 4
Jun 2, 2026MEYERCORD EDWARDPRESIDENT AND CEOSale100,000$29.20$2.9MForm 4
Jun 1, 2026MOTIEY KATAYOUNChief Legal Admin Sust OfficerSale7,500$28.00$210.0KForm 4
Jun 1, 2026MEYERCORD EDWARDPRESIDENT AND CEOSale50,000$27.64$1.4MForm 4
May 26, 2026MOTIEY KATAYOUNChief Legal Admin Sust OfficerSale15,000$26.50$397.5KForm 4
May 26, 2026MEYERCORD EDWARDPRESIDENT AND CEOSale100,000$26.10$2.6MForm 4
May 15, 2026HOLMGREN KATHLEEN MDirectorSale19,521$24.78$483.7KForm 4
May 14, 2026MOTIEY KATAYOUNChief Legal Admin Sust OfficerSale7,661$25.00$191.5KForm 4
May 14, 2026RHODES KEVIN REVP Chief Financial OfficerSale12,410$25.00$310.2KForm 4
May 5, 2026MEYERCORD EDWARDPRESIDENT AND CEOSale21,209$23.12$490.4KForm 4
May 5, 2026Khanna RajDirectorSale10,000$23.20$232.0KForm 4
May 4, 2026MEYERCORD EDWARDPRESIDENT AND CEOSale78,791$23.06$1.8MForm 4

All 110 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.20,842,155$674.7M0.0%+652,273
Vanguard Portfolio Management LLC12,841,357$415.7M0.0%−733,901
State Street Corp6,137,138$198.6M0.0%−312,731
Vanguard Capital Management LLC5,680,918$183.9M0.0%−100,975
Paradigm Capital Management Inc/ny4,241,300$137.3M3.7%−993,600
Fmr LLC3,510,085$113.6M0.0%+186,125
Geode Capital Management, LLC3,405,660$110.3M0.0%+80,508
Arrowstreet Capital, Limited Partnership3,358,416$108.7M0.0%+110,736
Goldman Sachs Group Inc3,006,288$97.3M0.0%−123,323
Loomis Sayles & Co L P2,536,716$82.1M0.1%−178,967
American Century Companies Inc2,481,691$80.3M0.0%+2,328,319
Renaissance Technologies LLC1,862,580$60.3M0.1%−213,500
Morgan Stanley1,808,176$58.5M0.0%+13,679
Ameriprise Financial Inc1,699,543$55.0M0.0%+882,014
Southernsun Asset Management, LLC1,685,450$54.6M7.3%−612,483
Boston Partners1,673,962$54.3M0.0%New
Trigran Investments, Inc.1,507,325$48.8M8.9%−1,340,045
Nuveen, LLC1,483,289$48.0M0.0%−93,220
Northern Trust Corp1,461,747$47.3M0.0%+59,240
Shannon River Fund Management LLC1,424,095$46.1M4.1%+111,034
Bank Of America Corp /de/1,406,591$45.5M0.0%+649,519
Charles Schwab Investment Management Inc1,380,240$44.7M0.0%−114,482
First Eagle Investment Management, LLC1,165,832$37.7M0.0%+816,292
Panagora Asset Management Inc1,031,475$33.4M0.1%+568,329
Millennium Management LLC1,028,891$33.3M0.0%+869,765

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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