Extreme Networks Files 2025 10-K

TL;DR

EXTR 10-K filed: Full FY25 financials out, check for revenue, expenses, and debt details.

AI Summary

Extreme Networks, Inc. filed its 10-K for the fiscal year ending June 30, 2025, reporting on its financial performance and business operations. The company, headquartered in Morrisville, NC, operates in the computer communications equipment sector. Key financial data and operational details for the period are disclosed, including information on revenue, expenses, and liabilities.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of Extreme Networks' financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — 10-K filings inherently carry medium risk due to the complexity of financial data and the potential for market-moving information.

Key Numbers

• 2025-06-30 — Fiscal Year End (Reporting period for the 10-K)
• 2024-06-30 — Previous Fiscal Year End (Comparative period for financial data)
• 2023-07-01 — Start of Fiscal Year (Beginning of the reporting period)

Key Players & Entities

• EXTREME NETWORKS INC (company) — Filer
• 20250630 (date) — Fiscal Year End
• MORRISVILLE, NC (location) — Business Address City, State
• 408-579-2800 (phone_number) — Business Phone
• SAN JOSE, CA (location) — Mail Address City, State
• Jenne Inc (company) — Customer Concentration Risk
• TDSynnex Corporation (company) — Customer Concentration Risk
• Asia Pacific (location) — Geographic Segment
• Americas (location) — Geographic Segment

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share EXTR Nasdaq Global Select
• $42 billion — Access Service Edge ("SASE"), exceeded $42 billion in calendar year 2024. Based on data fr
• $59 billion — ("CAGR") of approximately 7%, reaching $59 billion by 2029. Within this market, cloud-mana
• $15 billion — . Cloud networking is estimated to be a $15 billion segment of the networking market compri

Filing Documents

• extr-20250630.htm (10-K) — 4032KB
• extr-ex10_34.htm (EX-10.34) — 150KB
• extr-ex10_35.htm (EX-10.35) — 259KB
• extr-ex19_1.htm (EX-19.1) — 164KB
• extr-ex21_1.htm (EX-21.1) — 35KB
• extr-ex23_1.htm (EX-23.1) — 5KB
• extr-ex31_1.htm (EX-31.1) — 16KB
• extr-ex31_2.htm (EX-31.2) — 16KB
• extr-ex32_1.htm (EX-32.1) — 8KB
• extr-ex32_2.htm (EX-32.2) — 8KB
• img47032128_0.jpg (GRAPHIC) — 150KB
• img232540485_0.jpg (GRAPHIC) — 187KB
• img232540485_1.jpg (GRAPHIC) — 176KB
• img233464006_0.jpg (GRAPHIC) — 187KB
• img233464006_1.jpg (GRAPHIC) — 176KB
• 0000950170-25-109742.txt ( ) — 18870KB
• extr-20250630.xsd (EX-101.SCH) — 2099KB
• extr-20250630_htm.xml (XML) — 3529KB

Forward Looking Statements

Forward Looking Statements 2 PART I 3 Item 1.

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 15 Item 1B. Unresolved Staff Comments 30 Item 1C. Cybersecurity 30 Item 2.

Properties

Properties 32 Item 3.

Legal Proceedings

Legal Proceedings 32 Item 4. Mine Safety Disclosures 32 PART II 33 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33 Item 6. [Reserved] 34 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 35 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 45 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 46 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 81 Item 9A.

Controls and Procedures

Controls and Procedures 81 Item 9B. Other Information 81 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 81 PART III 82 Item 10. Directors, Executive Officers and Corporate Governance 82 Item 11.

Executive Compensation

Executive Compensation 82 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 82 Item 13. Certain Relationships and Related Transactions, and Director Independence 82 Item 14. Principal Accountant Fees and Services 82 PART IV 83 Item 15. Exhibits and Financial Statement Schedules 83 Item 16. Form 10-K Summary 86

SIGNATURES

SIGNATURES 87 i FORWARD LOOKI NG STATEMENTS Except for historical information contained herein, certain matters included in this Annual Report on Form 10-K are, or may be deemed to be, forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. The words "will," "may," "designed to," "believe," "should," "anticipate," "plan," "expect," "intend," "estimate" and similar expressions identify forward-looking statements, which speak only as of the date of this Annual Report. These forward-looking statements are contained principally under Item 1, "Business," and under Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," but may also be in other sections of this Annual Report on Form 10-K. Because these forward-looking statements are subject to risks and uncertainties, actual results could differ materially from the expectations expressed in the forward-looking statements. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements include those described in Item 1A, "Risk Factors," and Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations." In addition, new risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risk factors on our business. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. We undertake no obligation to update or revise these forward-looking statements to reflect subsequent events or circumstances. SUMMARY OF MATERIAL RISKS ASSOCIATED WITH OUR BUSINESS The principal risks and uncertainties affecting our business include the following: Geopolitical changes are creating uncertainty regarding economic and trade matters, potentially leading to adverse general econo

B usiness

Item 1. B usiness Overview Extreme Networks, Inc. (EXTR) (collectively referred to as "Extreme," "Company," and as "we," "us" and "our") is a leader in AI-powered cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users. We push the boundaries of technology, leveraging the powers of artificial intelligence ("AI"), analytics, and automation and have industry leading support services. Tens of thousands of customers globally trust Extreme to drive value, foster innovation, and overcome extreme challenges. Extreme also designs, develops, and manufactures wired, wireless, and software-defined wide area network ("SD-WAN") infrastructure equipment. Our Extreme Platform ONE TM solution, announced in December 2024 and made generally available in July 2025, is a technology platform that is designed to reduce complexity for enterprises by seamlessly integrating networking, security and AI solutions into a single platform. AI-powered automation includes conversational, interactive and autonomous AI agents—to assist, advise and accelerate the productivity of networking, security and business teams—reducing the time to complete complex tasks. Our global footprint provides service to some of the world's leading names in business across verticals such as large sports and entertainment venues, hospitality, retail, transportation and logistics, education, government, healthcare, manufacturing and service providers. We derive all our revenues from the sale of our networking equipment, software subscriptions, and related maintenance contracts. Our global headquarters is located at 2121 RDU Center Drive, Suite 300, Morrisville, North Carolina 27560, and our telephone number is (408) 579-2800. We have several corporate offices in the United States and international locations. Our website is www.extremenetworks.com . Industry Background Enterprises across every indu

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View this 10-K filing on SEC EDGAR