Newegg Commerce (NEGG) H1 2025 earnings summary

Executive summary

• Achieved strong year-over-year growth in the first half of 2025, driven by high demand for GPUs and PC components, including successful launches of NVIDIA GeForce RTX 50 and AMD Radeon RX 9000 Series cards, and AMD Ryzen 9000X3D CPUs.

• Organic traffic and cross-category purchasing increased, boosting topline growth and gross margins.

• Strategic cost optimization led to significant improvement in adjusted EBITDA and reduced net loss.

• Maintained focus on cash balance, working capital, and launched an ATM offering for general corporate purposes.

Financial highlights

• Net sales rose 12.6% year-over-year to $695.7 million for the six months ended June 30, 2025.

• GMV increased 13.7% to $849.1 million year-over-year.

• Gross profit grew 26.5% to $79.8 million year-over-year.

• Net loss narrowed to $4.2 million from $25.0 million year-over-year.

• Adjusted EBITDA improved to $11.3 million from a $7.3 million loss year-over-year.

Outlook and guidance

• Anticipates further launches in the second half, including expansion of ABS PCs and debut of Gamer Community and Gamer Zone.

• Remains focused on optimizing supply chain strategies and navigating macroeconomic and tariff-related challenges.