Revenue: As of FY2025 Q2, the actual value is USD 39.39 M.

EPS: As of FY2025 Q2, the actual value is USD -0.32.

EBIT: As of FY2025 Q2, the actual value is USD -4.229 M.

Financial and Operational Metrics by Segment

Revenue Overview

CAMBIUM NETWORKS CORPORATION reported total revenues of $39,393 thousand for the three months ended June 30, 2025, representing a -12.9% decrease from $45,233 thousand in the prior-year period. For the six months ended June 30, 2025, total revenues were $73,135 thousand, down -20.8% from $92,303 thousand in the same period of 2024 .

Segment Revenue Performance (Three Months Ended June 30)

• Product Revenues: Decreased by -14.3% to $34,639 thousand in 2025 from $40,434 thousand in 2024, primarily due to lower demand and impacts from factory moves .
• Subscriptions and Services Revenues: Remained relatively flat at $4,754 thousand in 2025 compared to $4,799 thousand in 2024, a decrease of -0.9% .

Segment Revenue Performance (Six Months Ended June 30)

• Product Revenues: Decreased by -22.8% to $63,766 thousand in 2025 from $82,612 thousand in 2024 .
• Subscriptions and Services Revenues: Decreased by -3.3% to $9,369 thousand in 2025 from $9,691 thousand in 2024 .

Revenue by Product Category (Three Months Ended June 30)

• Point-to-Multi-Point (PMP): Decreased by -38.8% to $11,952 thousand (30% of total revenue) in 2025 from $19,520 thousand (43%) in 2024 .
• Point-to-Point (PTP): Decreased by -23.5% to $10,999 thousand (28% of total revenue) in 2025 from $14,379 thousand (32%) in 2024 .
• Enterprise: Increased by 53.9% to $15,395 thousand (39% of total revenue) in 2025 from $10,003 thousand (22%) in 2024 .
• Other: Decreased by -21.3% to $1,047 thousand (3% of total revenue) in 2025 from $1,331 thousand (2%) in 2024 .

Revenue by Geography (Three Months Ended June 30)

• North America: Increased by 1.8% to $19,669 thousand (50% of total revenue) in 2025 from $19,315 thousand (43%) in 2024 .
• Europe, Middle East, Africa: Decreased by -27.0% to $11,633 thousand (30% of total revenue) in 2025 from $15,945 thousand (35%) in 2024 .
• Caribbean and Latin America: Decreased by -35.3% to $3,512 thousand (9% of total revenue) in 2025 from $5,430 thousand (12%) in 2024 .
• Asia Pacific: Remained flat at $4,579 thousand (12% of total revenue) in 2025 compared to $4,543 thousand (10%) in 2024 .

Gross Profit and Margin (Three Months Ended June 30)

• Total Gross Profit: Increased to $16,061 thousand in 2025 from $14,706 thousand in 2024 .
• Total Gross Margin: Improved to 40.8% in 2025 from 32.5% in 2024 .
• Product Gross Margin: Increased to 38.7% in 2025 from 29.1% in 2024 .
• Subscriptions and Services Gross Margin: Decreased to 55.7% in 2025 from 61.7% in 2024 .

Operating Expenses (Three Months Ended June 30)

• Total Operating Expenses: Decreased by -16.2% to $22,626 thousand in 2025 from $26,996 thousand in 2024 .
• Research and Development: Decreased by -19.0% to $7,412 thousand in 2025 from $9,149 thousand in 2024 .
• Sales and Marketing: Decreased by -15.9% to $8,162 thousand in 2025 from $9,706 thousand in 2024 .
• General and Administrative: Remained flat at $6,439 thousand in 2025 compared to $6,472 thousand in 2024 .
• Depreciation and Amortization: Decreased by -72.8% to $454 thousand in 2025 from $1,669 thousand in 2024 .
• Impairment: A charge of $159 thousand was incurred in 2025 for software, with no comparable charge in 2024 .

Operating Loss (Three Months Ended June 30)

• The operating loss improved to -$6,565 thousand in 2025 from -$12,290 thousand in 2024 .

Net Loss (Three Months Ended June 30)

• The net loss improved to -$9,125 thousand in 2025 from -$14,246 thousand in 2024 .

Interest Expense, Net (Three Months Ended June 30)

• Increased by 67.3% to $2,336 thousand in 2025 from $1,396 thousand in 2024 .

Cash Flows (Six Months Ended June 30)

• Net Cash Used in Operating Activities: Increased to -$14,099 thousand in 2025 from -$13,481 thousand in 2024 .
• Cash Used in Investing Activities: Decreased to -$3,469 thousand in 2025 from -$6,952 thousand in 2024 .
• Cash Provided by (Used in) Financing Activities: Changed from $44,318 thousand provided in 2024 to -$1,338 thousand used in 2025 .
• Cash and Restricted Cash, End of Period: Decreased to $16,045 thousand in 2025 from $42,574 thousand in 2024 .

Unique Metrics & Operational Costs

• Share-based compensation: Total share-based compensation expense was $1,444 thousand for the three months ended June 30, 2025, compared to $2,561 thousand in the prior year period. For the six months ended June 30, 2025, it was $3,521 thousand, down from $5,147 thousand in 2024 .
• Provision for inventory excess and obsolescence: For the six months ended June 30, 2025, there was a -$1,653 thousand reduction, compared to a $6,515 thousand provision in 2024 .
• Provision for estimated credit losses: For the six months ended June 30, 2025, there was a -$96 thousand reduction, compared to an $893 thousand provision in 2024 .
• Restructuring Charges: The company incurred $1,799 thousand in restructuring charges under the February 2025 plan for the six months ended June 30, 2025 .

Outlook and Strategy

CAMBIUM NETWORKS CORPORATION faces significant macroeconomic headwinds, including higher interest rates, inflationary pressures, and geopolitical tensions, leading to softened demand and increased costs . The company anticipates negative impacts on revenues and gross margins due to increased competition and pricing pressure, particularly from new market entrants . Manufacturing challenges from relocating production are expected to continue into 2026, limiting the ability to meet customer demand . The company is not in compliance with credit facility covenants and faces substantial uncertainty regarding its ability to continue as a going concern, having ceased principal and interest payments on its term loan and interest on its revolving credit facility as of June 2025 . To improve profitability, the company is pursuing actions such as reducing discretionary spending, deferring capital expenditures, implementing cost reductions, and seeking additional capital through potential divestitures or capital raising transactions .