NEGG
Newegg Commerce, Inc.
NEGG's fundamentals are mixed, but it looks cheap: trading at 19x earnings, less than half its usual 106x.
NEGG Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Under pressure | |
| Strong |
NEGG's profitability and balance sheet are currently healthy, but its revenue and cash flow are under pressure.
NEGG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 19x | $8.65 | — |
| Cheap | 61x | $27.55 | +218% |
| Fair | 105x | $47.21 | +446% |
| Expensive | 220x | $98.94 | +1044% |
Historical ranges are pointers, not guarantees.
NEGG's PE is in its cheap range at 19x.
NEGG Forward outlook
There aren't enough analyst estimates for NEGG to show an outlook.
NEGG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.45 | +$1.61 |
| Q1 2026 | $0.23 | +$1.92 |
| Q4 2025 | -$0.25 | +$1.97 |
| Q3 2025 | -$0.71 | +$1.83 |
| Q2 2025 | -$1.16 | +$1.68 |
| Q1 2025 | -$1.69 | +$1.28 |
| Q1 2024 | -$2.97 | +$0.37 |
| Q1 2023 | -$3.34 | -584% |
NEGG has returned to profit: it earned $0.45 per share over the past year, after losing money the year before.
NEGG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $320.4M | -8.1% |
| Q1 2026 | $306.2M | -12% |
| Q4 2025 | $374.4M | +21% |
| Q3 2025 | $374.4M | +21% |
| Q2 2025 | $348.5M | +13% |
| Q1 2025 | $347.2M | +12% |
| Q4 2024 | $308.7M | -32% |
| Q3 2024 | $308.7M | -2.8% |
NEGG's revenue is growing: $320M last quarter, down 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 0.4% | +1.6 points |
| Q1 2026 | 2.4% | +3.4 points |
| Q4 2025 | -0.3% | +3.2 points |
| Q3 2025 | -0.3% | +3.2 points |
| Q2 2025 | -1.2% | +3.7 points |
| Q1 2025 | -1% | +3.8 points |
| Q4 2024 | -3.5% | +0.4 points |
| Q3 2024 | -3.5% | +2.4 points |
NEGG's operating margin was 0.4% last quarter, up 1.6 points from the same quarter a year ago.
NEGG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $24.9M | +$80.3M |
| Q1 2026 | -$46.3M | -1188% |
| Q4 2025 | $10.8M | -64% |
| Q3 2025 | $10.8M | -64% |
| Q2 2025 | -$55.5M | -$23.3M |
| Q1 2025 | $4.3M | +$36.5M |
| Q4 2024 | $30M | -40% |
| Q3 2024 | $30M | +70% |
NEGG still generates free cash flow, though less than at its 2020 peak: $122,598 over the past year.
NEGG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +940 shares |
| 1 year | +7.6% | +1.5M shares |
| 3 years | +11% | +2M shares |
| 5 years | -1.4% | -303K shares |
| Available history | +16% | +2.8M shares |
NEGG has 21M diluted shares, up 7.6% from a year ago, despite $2M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.1M |
| Q3 2025 | $1.1M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $551,000 |
| Q3 2024 | $551,000 |
NEGG spent $2M buying back its own shares over the past year, up 100% from the year before.
NEGG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.2x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -18.3x | Net Cash |
| Q1 2022 | 2.3x | Moderate |
| Q4 2021 | 0.2x | Very low |
| Q3 2021 | -0.8x | Net Cash |
| Q2 2021 | -1.6x | Net Cash |
| Q1 2021 | -1.7x | Net Cash |
NEGG has more cash than debt.
NEGG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.5 | Oversold |
| Stochastic | 4.6 | Oversold |
NEGG's weekly RSI is 29 (oversold) and its Stochastic is 5 (oversold).
NEGG PE vs Consumer Cyclical Sector
| Metric | NEGG | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 18x | 7.5% above |
| PE % | 0 | 47 | 47 pts below |
NEGG is trading at 19x earnings, in line with the Consumer Cyclical sector's median of 18x.
NEGG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 19% below |
| 20 week MA | $13.4 | 36% below |
| 50 week MA | $29.3 | 71% below |
| 100 week MA | $29.7 | 71% below |
| 200 week MA | $24.9 | 65% below |
NEGG is in a downtrend: it's below all five of its weekly moving averages, and 65% below its 200-week average.
NEGG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.0 | $94.2 | +47% |
| 2021 | $94.2 | $219.6 | +133% |
| 2022 | $219.6 | $26.4 | -88% |
| 2023 | $26.4 | $25.2 | -4.5% |
| 2024 | $25.2 | $8.89 | -65% |
| 2025 | $8.89 | $53.0 | +496% |
| 2026 YTD | $53.0 | $8.65 | -84% |
NEGG's yearly returns have swung widely, from +496% in 2025 to −88% in 2022. It's down 84% so far in 2026.