CMBM

MKT CAP:$4M

Cambium Networks Corporation

Market Cap

$4M

Technology·Communication Equipment·🇺🇸 United States·NASDAQ

Technology·Communication·🇺🇸·NASDAQ

Stock Price

$0.19-$1.31 (-87.33%)

Apr 20, 2026

Company Details

Cambium Networks Corporation, through its subsidiaries, provides wireless broadband networking infrastructure products and solutions for commercial and government network operators. Its wireless fabric includes intelligent radios, smart ant...

CEO

Morgan C. S. Kurk

IPO Date

Jun 26, 2019

Website

www.cambiumnetworks.com

Key Metrics TTM

Revenue

$175M

-42.2% YoY

Net Income

-$71M

EPS (Diluted)

-$2.57

Free Cash Flow

-$19M

Revenue / Share

$6.20

Gross Margin

29.4%

Operating Margin

-36.1%

Net Margin

-40.8%

FCF Margin

-10.7%

P/S

0.0x

P/E

—

Earnings Reports

Q3 2024

Nov 12, 2024

$44M+1.6%EPS -$0.34

Q2 2024

Aug 9, 2024

$46M-22.8%EPS -$0.33

Q1 2024

May 10, 2024

$42M-45.3%EPS -$0.95

FY 2023

Mar 15, 2024

$220M-25.8%EPS -$2.81

Q3 2023

Nov 3, 2023

$43M-47.0%EPS -$0.95

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$73M	$36M	$7M
Q4 20	$83M	$42M	$11M
Q1 21	$89M	$44M	$13M
Q2 21	$93M	$46M	$14M
Q3 21	$76M	$36M	$6M
Q4 21	$79M	$35M	$3M
Q1 22	$62M	$29M	-$2M
Q2 22	$69M	$33M	$3M
Q3 22	$81M	$41M	$10M
Q4 22	$85M	$41M	$9M
Q1 23	$77M	$40M	$6M
Q2 23	$60M	$29M	-$3M
Q3 23	$43M	$11M	-$22M
Q1 24	$42M	$9M	-$21M
Q2 24	$46M	$14M	-$12M
Q3 24	$44M	$17M	-$8M

Valuation

Quarter	P/S	P/E
Q3 20	0.0x	0.5x
Q4 20	0.0x	0.2x
Q1 21	0.0x	0.1x
Q2 21	0.0x	0.1x
Q3 21	0.0x	0.1x
Q4 21	0.0x	0.1x
Q1 22	0.0x	0.2x
Q2 22	0.0x	0.5x
Q3 22	0.0x	0.3x
Q4 22	0.0x	0.2x
Q1 23	0.0x	0.1x
Q2 23	0.0x	0.2x
Q3 23	0.0x	—
Q1 24	0.0x	—
Q2 24	0.0x	—
Q3 24	0.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$16M	$15M
Q4 20	$15M	$13M
Q1 21	-$8M	-$9M
Q2 21	$20M	$18M
Q3 21	$12M	$9M
Q4 21	$6M	$2M
Q1 22	-$19M	-$21M
Q2 22	$10M	$7M
Q3 22	$2M	-$255.0K
Q4 22	$4M	$1M
Q1 23	-$6M	-$9M
Q2 23	-$5M	-$7M
Q3 23	-$246.0K	-$4M
Q1 24	-$16M	-$19M
Q2 24	$2M	-$2M
Q3 24	$9M	$5M

Capital Expenditures

Quarter	CapEx
Q3 20	$1M
Q4 20	$2M
Q1 21	$2M
Q2 21	$2M
Q3 21	$3M
Q4 21	$3M
Q1 22	$2M
Q2 22	$2M
Q3 22	$2M
Q4 22	$3M
Q1 23	$3M
Q2 23	$2M
Q3 23	$3M
Q1 24	$3M
Q2 24	$4M
Q3 24	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+11.1%	+6.6%
Q4 20	+29.3%	+14.8%
Q1 21	+46.5%	+25.1%
Q2 21	+48.9%	+36.5%
Q3 21	+4.0%	+6.8%
Q4 21	-4.9%	+6.2%
Q1 22	-30.1%	-14.7%
Q2 22	-25.3%	-15.0%
Q3 22	+7.0%	+1.6%
Q4 22	+7.4%	-1.0%
Q1 23	+25.1%	+12.1%
Q2 23	-14.1%	-6.6%
Q3 23	-47.0%	-8.6%
Q1 24	-49.9%	-15.6%
Q2 24	-40.6%	-19.2%
Q3 24	-26.6%	-16.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$954.0K	1.3%
Q4 20	$731.0K	0.9%
Q1 21	$1M	1.6%
Q2 21	$2M	2.3%
Q3 21	$2M	2.7%
Q4 21	$2M	2.7%
Q1 22	$2M	3.9%
Q2 22	$3M	3.6%
Q3 22	$3M	3.5%
Q4 22	$3M	3.4%
Q1 23	$3M	3.7%
Q2 23	$3M	5.1%
Q3 23	$3M	6.6%
Q1 24	$3M	6.1%
Q2 24	$3M	5.6%
Q3 24	$2M	5.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 20	$10M	$9M	$8M
Q4 20	$12M	$7M	$10M
Q1 21	$12M	$8M	$10M
Q2 21	$13M	$8M	$10M
Q3 21	$12M	$7M	$10M
Q4 21	$12M	$7M	$11M
Q1 22	$13M	$7M	$10M
Q2 22	$11M	$7M	$11M
Q3 22	$13M	$6M	$11M
Q4 22	$15M	$2M	$13M
Q1 23	$14M	$7M	$12M
Q2 23	$13M	$6M	$12M
Q3 23	$13M	$9M	$10M
Q1 24	$11M	$8M	$10M
Q2 24	$9M	$6M	$10M
Q3 24	$9M	$6M	$8M

Revenue Segments

Quarter	Point To Multi Point	Point To Point	Product And Service Other	Wifi	Product and Service, Other	Enterprise
Q3 20	$43M	$18M	$2M	$10M	—	—
Q4 20	$54M	$17M	$1M	$11M	—	—
Q1 21	$58M	$17M	$1M	$12M	—	—
Q2 21	$60M	$14M	$550.0K	$18M	—	—
Q3 21	$50M	$14M	$1M	$11M	—	—
Q4 21	$37M	$15M	$585.0K	$26M	—	—
Q1 22	$31M	$15M	$748.0K	$16M	—	—
Q2 22	$28M	$16M	—	$24M	$1M	—
Q3 22	$26M	$15M	—	—	$1M	$38M
Q1 23	$22M	$18M	—	—	$1M	$36M
Q2 23	$27M	$25M	—	—	$1M	$6M
Q3 23	$24M	$16M	—	—	$1M	$2M
Q1 24	$19M	$14M	—	—	$1M	$7M
Q2 24	$20M	$14M	—	—	$1M	$11M
Q3 24	$18M	$9M	—	—	$1M	$15M

Revenue by Geography

Quarter	Asia Pacific	Caribbean And Latin America	E M E A	North America	Emea
Q3 20	$5M	$9M	$20M	$39M	—
Q4 20	$6M	$10M	$22M	$45M	—
Q1 21	$5M	$11M	$19M	$54M	—
Q2 21	$6M	$12M	$25M	$49M	—
Q3 21	$8M	$8M	$23M	$37M	—
Q4 21	$9M	$10M	$26M	$33M	—
Q1 22	$8M	$5M	$20M	$28M	—
Q2 22	$9M	$8M	—	$31M	$21M
Q3 22	$13M	$9M	—	$30M	$29M
Q1 23	$6M	$4M	—	$48M	$20M
Q2 23	$7M	$6M	—	$40M	$7M
Q3 23	$5M	$6M	—	$18M	$14M
Q1 24	$4M	$5M	—	$25M	$8M
Q2 24	$5M	$5M	—	$21M	$15M
Q3 24	$4M	$6M	—	$21M	$12M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 20	$62M	$0	$62M
Q1 21	$51M	$0	$51M
Q2 21	$51M	$0	$51M
Q3 21	$59M	$0	$59M
Q4 21	$59M	$0	$59M
Q1 22	$38M	$0	$38M
Q2 22	$46M	$0	$46M
Q3 22	$45M	$0	$45M
Q4 22	$48M	$0	$48M
Q1 23	$39M	$0	$39M
Q2 23	$32M	$0	$32M
Q3 23	$28M	$0	$28M
Q4 23	$19M	$0	$19M
Q1 24	$39M	$0	$39M
Q2 24	$43M	$0	$43M
Q3 24	$46M	$0	$46M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	26M	+2.2%	+2.8%
Q4 20	28M	+4.7%	+7.6%
Q1 21	29M	+3.4%	+11.1%
Q2 21	29M	+1.4%	+12.1%
Q3 21	29M	-0.9%	+8.7%
Q4 21	28M	-1.1%	+2.7%
Q1 22	27M	-5.5%	-6.2%
Q2 22	28M	+3.1%	-4.6%
Q3 22	28M	+1.4%	-2.3%
Q4 22	28M	+1.1%	-0.1%
Q1 23	28M	+0.6%	+6.4%
Q2 23	27M	-3.6%	-0.6%
Q3 23	28M	+0.7%	-1.3%
Q1 24	28M	+0.8%	-1.5%
Q2 24	28M	+0.2%	-1.9%
Q3 24	28M	+1.1%	+2.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$136.9K	533
Q4 20	$161.7K	512
Q1 21	$172.9K	512
Q2 21	$181.1K	512
Q3 21	$148.3K	512
Q4 21	$137.4K	573
Q1 22	$108.0K	573
Q2 22	$120.9K	573
Q3 22	$141.7K	573
Q4 22	$130.0K	650
Q1 23	$119.1K	650
Q2 23	$91.6K	650
Q3 23	$66.2K	650
Q1 24	$67.7K	625
Q2 24	$73.5K	625
Q3 24	$70.0K	625

Revenue / Employee