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Arlo Technologies, Inc. (ARLO)

NYSE / Industrials / Security & Protection Services

Share price

12.44 USD Market dataClose of Oct 15, 2026

Market capitalisation

1.34B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 27, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

11.7% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

88.86x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

n/a Computed

FY2025 accounts, priced at the latest close

Why n/a

We do not hold this figure for this company, so there is nothing to show.

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 184.6M USDFY2016 Net income: -13.7M USDFY2017 Revenue: 370.7M USDFY2017 Net income: 6.5M USDFY2018 Revenue: 464.9M USDFY2018 Net income: -75.5M USDFY2019 Revenue: 370.0M USDFY2019 Net income: -86.0M USDFY2020 Revenue: 357.2M USDFY2020 Net income: -101.3M USDFY2021 Revenue: 435.1M USDFY2021 Net income: -56.0M USDFY2022 Revenue: 490.4M USDFY2022 Net income: -56.6M USDFY2023 Revenue: 491.2M USDFY2023 Net income: -22.0M USDFY2024 Revenue: 510.9M USDFY2024 Net income: -30.5M USDFY2025 Revenue: 529.3M USDFY2025 Net income: 14.9M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
1 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 88.86x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits above the highest.

Today, against the Industrials sector (412 companies), 88.86x sits at the 92nd percentile; the middle half of that group runs from 15.04x to 38.40x.

Is it good

Return on equity was 11.7% in FY2025, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Industrials sector (643 companies), 11.7% sits at the 64th percentile; the middle half of that group runs from -15.6% to 15.8%.

Is it safe

Arlo Technologies, Inc. held more cash than debt at the end of FY2025 (net cash of 137.8m USD), so net debt to EBITDA is a net cash position rather than a leverage reading.

Year by year against peers
Whether Arlo Technologies, Inc.'s return on equity stayed above the median of the Industrials sector, year by year. (FY2017 to FY2025, 9 fiscal years of Arlo Technologies, Inc. with a comparable figure)
The direction
Which way Arlo Technologies, Inc.'s gross margin has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Arlo Technologies, Inc.)
What could explain it
What in Arlo Technologies, Inc.'s filed statements could explain the movements. (3 readings drawn from the statement lines Arlo Technologies, Inc. filed)
What to check next
What to check next on Arlo Technologies, Inc., and where in its filings. (2 questions for Arlo Technologies, Inc.)
In one paragraph
One paragraph on Arlo Technologies, Inc.'s returns, cash, balance sheet and price. (10 of sixteen figures read for Arlo Technologies, Inc.)

These are ARLO’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research ARLOPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 27, 2026, accession 0001736946-26-000031.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Arlo Technologies, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/m

Equity plus debt less cash is zero or below, so there is no invested capital to divide by (n/m).

n/m ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Return on equity11.7% ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Return on capital employed, pre-tax4.4% ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Return on assets4.8% ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Gross margin44.0% ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Operating margin1.1% ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Net margin2.8% ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
ARLO 2.8%
NSSC 21.3%EVLV -22.7%MG 2.3%CIX 12.3%NL -23.9%
-23.9%21.3%
Net margin: ARLO against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Arlo Technologies, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.07 ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Current ratio1.51 ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Quick ratio1.27 ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Interest coverage
Why n/a

No interest expense is filed for this year, so coverage is not computed.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Altman Z-score4.88 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Net debt-137.8M ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Total assets 310.5MTotal liabilities 182.7MShareholders' equity 127.8MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Arlo Technologies, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 27, 2026, 0001736946-26-000031).

Arlo Technologies, Inc: balance sheet position
Total assets310.5M FiledFY2025 10-K, filed Feb 27, 2026
Total liabilities182.7M FiledFY2025 10-K, filed Feb 27, 2026
Shareholders' equity127.8M FiledFY2025 10-K, filed Feb 27, 2026
Cash146.4M FiledFY2025 10-K, filed Feb 27, 2026
Total debt8.7M FiledFY2025 10-K, filed Feb 27, 2026
Net debt-137.8M
Current ratio1.51
Debt to equity0.07
  • Interest cover: FY2025: No interest expense is filed for this year, so coverage is not computed.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Arlo Technologies, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings88.86x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
P/E on trailing twelve months43.11x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book10.72x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Price to sales2.59x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Enterprise value to EBIT203.02x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Enterprise value to EBITDA123.23x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Diluted earnings per share0.14 USD FiledFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Graham number1.91 USD ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031

We publish no fair value or price target of our own. Value ARLO on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Arlo Technologies, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Arlo Technologies, Inc: valuation
Share price12.44 USD
Market capitalisation1.34B USD
Enterprise value to EBITDA123.23x
Graham number1.91 USD
Diluted earnings per share, FY20250.14 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Nov 2, 2018: low 42.68x, median 97.78x, high 564.67x, latest 43.11x. 234 trading days with a meaningful ratio, 1,761 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Arlo Technologies, Inc

  1. Napco Security Technologies, Inc. (NSSC)Market cap 1.29B USD
  2. Evolv Technologies Holdings, Inc. (EVLV)Market cap 751.9M USD
  3. Mistras Group, Inc. (MG)Market cap 658.6M USD
  4. CompX International Inc. (CIX)Market cap 459.9M USD
  5. NL Industries, Inc. (NL)Market cap 330.1M USD

Same industry (Security & Protection Services) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

Computed

Arlo Technologies, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Free cash flow
Why n/a

The FY2025 filing carries no free cash flow we could read.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Free cash flow margin
Why n/a

No free cash flow, and no operating cash flow and capital expenditure pair, is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
FY2016 Free cash flow: -34.6M USDFY2016 Net income: -13.7M USDFY2017 Free cash flow: -42.6M USDFY2017 Net income: 6.5M USDFY2018 Free cash flow: -39.4M USDFY2018 Net income: -75.5M USDFY2019 Free cash flow: 2.5M USDFY2019 Net income: -86.0M USDFY2020 Free cash flow: -50.4M USDFY2020 Net income: -101.3M USDFY2021 Free cash flow: -25.5M USDFY2021 Net income: -56.0M USDFY2022 Free cash flow: -48.0M USDFY2022 Net income: -56.6M USDFY2023 Free cash flow: 35.5M USDFY2023 Net income: -22.0M USDFY2024 Free cash flow: 48.6M USDFY2024 Net income: -30.5M USDFY2025 Net income: 14.9M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Arlo Technologies, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
88.86xFY2025Oct 15, 2026
10.72xFY2025Oct 15, 2026
203.02xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports neither free cash flow nor the operating cash flow and capital spending it is built from.
n/mFY2025Feb 27, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
0.07FY2025Feb 27, 2026
1.51FY2025Feb 27, 2026
2.59xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
4.88FY2025Oct 15, 2026
-3.65FY2025Feb 27, 2026
6/9FY2025Feb 27, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Arlo Technologies, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Arlo Technologies, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2025529.3M6.1M14.9M0.14n/a1.1%11.7%10-K, Feb 27, 20260001736946-26-000031
FY2024510.9M-34.9M-30.5M-0.3148.6M-6.8%-30.2%10-K, Feb 27, 20250001736946-25-000014
FY2023491.2M-24.9M-22.0M-0.2435.5M-5.1%-21.3%10-K, Feb 29, 20240001736946-24-000012
FY2022490.4M-56.9M-56.6M-0.65-48.0M-11.6%-64.6%10-K, Mar 7, 20230001736946-23-000012
FY2021435.1M-60.1M-56.0M-0.68-25.5M-13.8%-49.7%10-K, Mar 2, 20220001736946-22-000010
FY2020357.2M-104.9M-101.3M-1.30-50.4M-29.4%-75.7%10-K, Feb 26, 20210001736946-21-000010
FY2019370.0M-85.2M-86.0M-1.142.5M-23.0%-42.3%10-K, Feb 28, 20200001736946-20-000007
FY2018464.9M-74.8M-75.5M-1.12-39.4M-16.1%-28.0%10-K, Feb 22, 20190001736946-19-000010
FY2017370.7M5.7M6.5M0.11-42.6M1.6%5.2%10-K, Feb 22, 20190001736946-19-000010
FY2016184.6M-13.1M-13.7M-0.22-34.6M-7.1%n/a10-K, Feb 22, 20190001736946-19-000010
  • Revenue, compound annual growth FY2016 to FY2025: 12.4%
  • Earnings: Earnings was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow: Free cash flow was not positive in both 2016 and 2024, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Arlo Technologies, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-3.65 ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Piotroski F-score6/9 ComputedFY2025 10-K, filed Feb 27, 2026, 0001736946-26-000031
Named tests met1 of 30 Computed
Beta1.90 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 22 not met, 7 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Gross margin, turnover (Robert Novy-Marx)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; EV/EBITDA and coverage; Dividends and buybacks; Low beta, profitable; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Low PEG, low debt (Peter Lynch); High yield, low payout; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); Cash-covered dividend; Cash-flow yield and ROIC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(11)
  • Return on Invested Capital: Equity plus debt less cash is zero or below, so there is no invested capital to divide by (n/m).
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No interest expense is filed for this year, so coverage is not computed.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Free Cash Flow Yield: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Capex To Ocf: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 11 figures could not be read on this company, among them Return on Invested Capital, PEG Ratio, Eps Growth 5Y. Each blank in the table above names the rest, with its reason. 7 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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