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Sells smart home security cameras and doorbells, increasingly bundled with paid cloud-monitoring subscriptions.
Sells smart home security cameras and doorbells, increasingly bundled with paid cloud-monitoring subscriptions.
Sells cameras and doorbells at modest margins to bring households onto its platform, then earns recurring subscription fees for video storage and smart alerts, the part that repeats. Contract manufacturers in Asia build the hardware. It was separated from Netgear in 2018.
In one line: A smaller, camera-only Ring/Nest.
Moat: narrow (brand, switching costs). App/subscription lock-in and retail shelf presence help, but Ring/Nest/Google have far more scale.
Headquarters: San Jose, California · Founded: 2018 · Employees: 376
Size Arlo Technologies (ARLO) is a United States Information Technology company (Telecommunications Equipment) with a market value of $1.33B, the 2069th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.34 on 6 Nov 2026.
Performance Over six months the shares fell 19.1%, against -26.4% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 19 in its peer set.
Growth Revenue grew 15.7% over the last twelve months (peer median +13.9%); the operating margin is 3.2% (peer median 6.1%).
Valuation It trades at 13.8× forward earnings against a peer median of 14.7× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 50.6 points above its cost of capital (12.8% WACC).
Backlog Backlog (remaining performance obligations) was $40.6M at 31 Dec 2025, up 38% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 12.8% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $587M | $529M | $511M | $491M | $490M |
| Revenue growth | — | +4% | +4% | 0% | — |
| Gross profit | $270M | $233M | $188M | $168M | $136M |
| EBITDA | $25.5M | $10.0M | -$29.2M | -$19.6M | -$50.3M |
| Net income | $30.5M | $14.9M | -$30.5M | -$22.0M | -$56.6M |
| Free cash flow | $66.9M | $66.9M | $48.6M | $35.5M | -$48.0M |
| Capital expenditure | $11.4M | $11.8M | $2.69M | $2.85M | $2.01M |
| Total debt | $7.73M | $8.65M | $24.0M | $21.2M | $23.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Arlo Technologies ARLO | $1.33B | -19% | +16% | 3% | 13.8× | 32.6% |
| Alphabet Inc. (Class A) GOOGL | $3.47T | -29% | +22% | 33% | 20.5× | 18.5% |
| Anker Innovations Technology 300866.SZ | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ARLO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.6% | -6.2% | 4th highest of 20 |
| 6-month return | -19.1% | -26.4% | 8th highest of 19 |
| Distance from 52-week high | -30.5% | -46.2% | 5th highest of 20 |
| Revenue growth (TTM) | +15.7% | +13.9% | 8th highest of 21 |
| Operating margin | 3.2% | 6.1% | 10th lowest of 21 |
| Forward P/E | 13.8× | 14.7× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 32.6% | 8.7% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +8.2% | +9.2% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | +24.4 pp | +2.3 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | +50.6 pp | -2.6 pp | highest of 21 |
| Net debt / EBITDA | -5.3× | -0.1× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Arlo Technologies ARLO | United States | $1.33B | -19% | +16% | 3% | 13.8× | 32.6% | +8.2% |
| Zhejiang Chengchang Technology 001270.SZ | China | $1.34B | -37% | -1% | 27% | 100.9× | 44.0% | +18.3% |
| Noritsu Koki 7744.T | Japan | $1.31B | -7% | +33% | 20% | 9.9× | -6.9% | +16.8% |
| Hwa Create 300045.SZ | China | $1.35B | -39% | -7% | -20% | n/a | n/a | n/a |
| Vistance Networks VISN | United States | $1.27B | -35% | -38% | 12% | 8.7× | -4.6% | -25.5% |
| Tianjin 712 Communication & Broadcasting 603712.SS | China | $1.41B | -25% | +27% | -17% | 31.1× | n/a | n/a |
| Hanwha Vision 489790.KS | South Korea | $1.41B | -56% | +20% | 11% | 10.4× | n/a | n/a |
| Shenzhen Gongjin Electronics 603118.SS | China | $1.42B | -18% | +21% | 2% | n/a | n/a | n/a |
| Furuno Electric 6814.T | Japan | $1.42B | -1% | +14% | 13% | 13.0× | 7.4% | +11.3% |
| CITIC Guoan Information Industry 000839.SZ | China | $1.45B | -17% | +14% | 7% | n/a | 11.3% | +7.0% |
| Adtran Networks ADV.DE | Germany | $1.21B | -10% | +15% | -3% | 113.3× | -2.7% | -3.1% |
| Hubei Jiuzhiyang Infrared System 300516.SZ | China | $1.18B | -15% | -7% | -8% | n/a | 20.4% | -1.0% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | n/a | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | n/a | -11.0% | +19.4% |
| Chengdu CORPRO Technology 300101.SZ | China | $1.07B | -35% | -25% | -18% | 14.7× | n/a | n/a |
| Shenzhen Infinova 002528.SZ | China | $1.06B | +23% | -29% | -77% | n/a | n/a | n/a |
| Tozed Kangwei Tech 301718.SZ | China | $1.05B | n/a | +43% | 5% | n/a | n/a | n/a |
| Flaircomm Microelectronics 301600.SZ | China | $1.04B | -35% | +19% | 9% | 32.0× | 27.2% | +29.1% |
| Harmonic HLIT | United States | $1.04B | -26% | -21% | 15% | 11.6× | 10.0% | -1.0% |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
Arlo Technologies reported $40.6M of remaining performance obligations at 31 Dec 2025, up 38% from a year earlier. That is 0.1 years of trailing revenue already under contract.