NETLIST INC

NLST

NETLIST INC

NLST

Insider Sentiment (TTM):

Last Purchase:2025-06-24Last Sale:2026-06-08Shares Purchased (TTM):0Shares Sold (TTM):483,769

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:21,824Shares Outstanding:309,445,000Institutional Ownership Pct.:0.01%

Earnings Market Reaction:

Filing Date:2026-08-11Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	31	17	32	11	18	14	23	17	24	29	40	43
Restricted Cash	10	10	10	10	11	11	12	13	13	12	12	7
Accounts Receivable Net Current	3	3	2	4	1	2	2	2	5	5	5	5
Inventory Net	27	41	3	18	9	2	3	4	8	15	12	9
Prepaid Expense And Other Assets Current	1	14	0	12	1	1	1	1	3	1	0	1
Assets Current	71	86	48	55	40	31	40	36	53	62	70	65
Property Plant And Equipment Net	0	0	0	0	0	0	1	1	1	1	1	1
Operating Lease Right Of Use Asset	1	1	1	1	1	1	1	1	1	1	2	2
Other Assets	0	0	0	0	0	0	0	0	0	0	1	1
Assets	73	88	49	56	41	32	42	38	56	65	73	68
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	41	27	21	37	33	39	42	34	27	43	40	27
Lines Of Credit Current	3	3	2	3	1	2	1	2	5	4	4	-
Employee Related Liabilities Current	2	1	1	1	1	1	1	1	1	2	1	1
Accrued Liabilities Current	-	-	-	-	-	-	-	3	4	4	3	2
Contract With Customer Liability Current	3	44	31	27	10	2	0	6	18	-	-	-
Other Liabilities Current	1	1	1	1	2	2	3	-	-	-	3	-
Convertible Debt Current	0	0	-	-	0	-	-	-	-	-	-	-
Liabilities Current	49	76	55	69	48	46	47	46	54	53	48	31
Operating Lease Liability Noncurrent	1	1	0	0	0	0	1	1	1	1	1	1
Other Liabilities Noncurrent	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities	50	77	55	70	48	46	48	47	56	54	49	32
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital Common Stock	375	364	357	347	346	333	331	316	315	311	307	306
Retained Earnings Accumulated Deficit	-352	-354	-363	-360	-353	-347	-338	-325	-316	-301	-284	-271
Stockholders Equity	23	10	-5	-13	-7	-14	-6	-8	-0	10	24	36
Liabilities And Stockholders Equity	73	88	49	56	41	32	42	38	56	65	73	68
Series A Preferred Stock	-	0	0	0	0	0	0	0	0	0	0	0
Allowance For Doubtful Accounts Receivable Current	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Preferred Stock Shares Authorized	10	10	10	10	10	10	10	10	10	10	10	10
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	-
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	675	675	675	450	450	450	450	450	450	450	450	450
Common Stock Shares Issued	334	318	307	293	292	275	272	258	258	256	254	254
Shares Outstanding	334	318	307	293	292	275	272	258	258	256	254	254

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10‑Q10‑K

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Interactive Financial Visualizations

10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-3.64%	0.00%	-21.19%	-	-	-	-	-	-	-	-	-
2025	-9.88%	-20.99%	-18.52%	19.18%	42.47%	-12.33%	16.13%	59.68%	93.55%	-6.75%	85.28%	78.53%
2024	23.08%	3.08%	9.23%	1.56%	-9.38%	-25.78%	-16.10%	-28.81%	-35.59%	-12.75%	-28.43%	-29.41%
2023	-	-	-	-	-	-	12.93%	62.07%	69.83%	10.83%	-21.02%	-17.20%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.45	1.12	0.88	0.79	0.83	0.67	0.84	0.79	0.98	1.17	1.47	2.13
Quick Ratio	0.89	0.39	0.81	0.36	0.63	0.60	0.77	0.69	0.77	0.86	1.21	1.80
Working Capital	22.10M	9.28M	-6.43M	-14.55M	-8.25M	-14.99M	-7.31M	-9.65M	-1.30M	9.04M	22.29M	34.50M
Leverage & Debt
Debt to Equity	2.16	7.39	-10.51	-5.24	-6.96	-3.37	-7.92	-5.55	-304.58	5.24	2.06	0.89
Interest Coverage TTM	1.63	-20.45	-48.87	-51.03	-50.57	-53.44	-52.70	-42.58	-38.68	-37.74	-45.54	-70.98
Debt Ratio	0.68	0.88	1.11	1.24	1.17	1.42	1.14	1.22	1.00	0.84	0.67	0.47
Efficiency & Turnover
Asset Turnover TTM	5.80	4.41	4.13	3.11	2.99	2.89	2.57	2.75	2.39	1.60	0.99	0.79
Days Sales Outstanding TTM	2.45	3.40	3.95	7.21	8.40	8.39	7.73	7.74	10.15	19.91	33.77	48.34
Receivables Turnover TTM	148.82	107.28	92.42	50.63	43.46	43.50	47.20	47.15	35.97	18.33	10.81	7.55
Per Share Metrics
Diluted EPS TTM	0.00	-0.02	-0.09	-0.12	-0.14	-0.17	-0.21	-0.21	-0.24	-0.24	-0.25	-0.24
Free Cash Flow Per Share TTM	-0.05	-0.09	-0.05	-0.13	-0.11	-0.11	-0.13	-0.10	-0.14	-0.17	-0.17	-0.15
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	16.24%	12.30%	6.06%	3.25%	2.82%	2.47%	1.96%	2.59%	2.51%	2.65%	3.46%	4.95%
Operating Profit Margin TTM	0.12%	-2.71%	-13.52%	-24.65%	-26.72%	-33.94%	-37.54%	-38.19%	-52.19%	-65.94%	-89.24%	-106.18%
Net Profit Margin TTM	0.06%	-2.75%	-13.47%	-23.98%	-25.96%	-33.07%	-36.62%	-37.19%	-50.76%	-64.15%	-87.27%	-104.66%
Growth Metrics
Net Revenue Growth (1Y)	129.21%	88.60%	28.23%	0.64%	18.19%	46.13%	112.56%	154.69%	63.46%	-20.31%	-57.18%	-67.43%
Net Income Growth (1Y)	-100.53%	-84.30%	-52.82%	-35.12%	-39.54%	-24.67%	-10.82%	-9.50%	19.03%	42.26%	80.99%	109.84%
EPS Growth (1Y)	-100.44%	-86.18%	-57.22%	-42.78%	-43.74%	-29.50%	-16.23%	-13.22%	11.52%	31.20%	71.63%	96.54%
Valuation Metrics
P/E TTM	5,070.30	-66.29	-10.04	-7.79	-5.12	-5.64	-3.86	-5.46	-5.52	-6.71	-7.60	-8.97
P/B TTM	43.52	46.22	-49.03	-20.69	-27.74	-19.13	-34.38	-35.34	-1,878.72	39.90	19.32	14.95
P/S TTM	3.03	1.82	1.35	1.87	1.33	1.86	1.41	2.03	2.80	4.30	6.63	9.39
Market Cap	1.01B	482.73M	255.11M	275.00M	193.03M	261.48M	207.92M	296.73M	343.81M	412.99M	458.94M	539.38M
Enterprise Value	971.12M	468.65M	225.11M	257.60M	165.27M	237.48M	186.65M	268.53M	311.99M	376.23M	409.94M	488.80M
Calculated Values
Free Cash Flow TTM	-15.57M	-26.52M	-14.78M	-37.12M	-30.34M	-30.48M	-34.66M	-27.09M	-34.91M	-43.14M	-41.60M	-37.45M
Net Debt	-37.87M	-14.08M	-29.99M	-17.41M	-27.75M	-24.01M	-21.28M	-28.20M	-31.82M	-36.76M	-49.00M	-50.58M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-08Sale

Owner: Hong, Chun K

Title: President, CEO and Chairman

Shares: 40,000

Price/Share: $2.72

Value: $108,800.00

Shares Owned: 8,676,887

Relationship: Director,Officer

Ownership: Direct

2026-05-15Sale

Owner: Sasaki, Gail M

Title: EVP and CFO

Shares: 8,876

Price/Share: $2.63

Value: $23,343.88

Shares Owned: 484,594

Relationship: Officer

Ownership: Direct

2026-05-11Sale

Owner: Sasaki, Gail M

Title: EVP and CFO

Shares: 25,000

Price/Share: $3.49

Value: $87,250.00

Shares Owned: 493,470

Relationship: Officer

Ownership: Direct

2026-04-23Sale

Owner: Cho, Jun

Title: -

Shares: 10,000

Price/Share: $2.18

Value: $21,800.00

Shares Owned: 200,000

Relationship: Director

Ownership: Direct

2026-04-22Sale

Owner: Welcher, Blake

Title: -

Shares: 37,500

Price/Share: $2.00

Value: $75,000.00

Shares Owned: 100,000

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-08	Hong, Chun K	Director,Officer	President, CEO and Chairman	Direct	Sale	40,000	2.72	$108,800.00	8,676,887	4
2026-05-15	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	8,876	2.63	$23,343.88	484,594	4
2026-05-11	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	25,000	3.49	$87,250.00	493,470	4
2026-04-23	Cho, Jun	Director	-	Direct	Sale	10,000	2.18	$21,800.00	200,000	4
2026-04-22	Welcher, Blake	Director	-	Direct	Sale	37,500	2.00	$75,000.00	100,000	4
2026-03-25	Cho, Jun	Director	-	Direct	Sale	10,000	1.89	$18,900.00	220,000	4
2026-03-17	Welcher, Blake	Director	-	Direct	Sale	37,500	1.66	$62,250.00	137,500	4
2026-03-16	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	20,898	1.50	$31,347.00	518,470	4
2026-03-16	Hong, Chun K	Director,Officer	President, CEO and Chairman	Direct	Sale	93,995	1.50	$140,992.50	7,860,387	4
2026-01-05	Hong, Chun K	Director,Officer	President, CEO and Chairman	Direct	Sale	200,000	1.00	$200,000.00	8,154,382	4
2025-06-24	Hong, Chun K	Director,Officer	President, CEO and Chairman	Direct	Purchase	4,285,715	0.70	$3,000,000.50	7,054,382	4
2025-05-15	Hong, Chun K	Director,Officer	President, CEO and Chairman	Direct	Sale	61,374	0.72	$44,189.28	2,768,667	4
2025-05-15	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	10,430	0.72	$7,509.60	339,368	4
2025-03-17	Hong, Chun K	Director,Officer	President, CEO and Chairman	Direct	Sale	41,721	1.15	$47,979.15	2,830,041	4
2025-03-17	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	10,430	1.15	$11,994.50	349,798	4
2024-08-12	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	8,183	1.25	$10,228.75	370,658	4
2024-07-15	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	4,092	1.47	$6,015.24	378,841	4
2024-03-18	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	10,415	1.62	$16,872.30	282,933	4
2024-03-18	Hong, Chun K	Director,Officer	President, CEO and Chairman	Direct	Sale	51,972	1.62	$84,194.64	2,173,808	4
2024-03-06	Sasaki, Gail M	Officer	EVP and CFO	Direct	Sale	3,917	1.54	$6,032.18	303,763	4
2024-03-06	Hong, Chun K	Director,Officer	President, CEO and Chairman	Direct	Sale	15,667	1.54	$24,127.18	2,225,780	4
2024-01-16	Sasaki, Gail M	Officer	Vice President and CFO	Direct	Sale	5,202	2.02	$10,508.04	307,680	4
2023-09-06	Sasaki, Gail M	Officer	Vice President and CFO	Direct	Sale	3,292	1.91	$6,287.72	312,882	4
2023-08-11	Sasaki, Gail M	Officer	Vice President and CFO	Direct	Sale	8,820	3.24	$28,576.80	316,174	4
2023-07-13	Sasaki, Gail M	Officer	Vice President and CFO	Direct	Sale	4,364	3.27	$14,270.28	324,994	4
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Institutional Ownership

No data available for chart

2026-03-31

0.01%

Inst. Shares: 21,824

Shares Outstanding: 309,445,000

2025-12-31

0.01%

Inst. Shares: 34,640

Shares Outstanding: 286,638,000

2025-09-30

0.00%

Inst. Shares: 11,965

Shares Outstanding: 292,557,000

2025-06-30

0.00%

Inst. Shares: 10,966

Shares Outstanding: 275,751,000

2025-03-31

0.01%

Inst. Shares: 19,500

Shares Outstanding: 272,379,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	21,824	309,445,000	0.01%
2025-12-31	34,640	286,638,000	0.01%
2025-09-30	11,965	292,557,000	0.00%
2025-06-30	10,966	275,751,000	0.00%
2025-03-31	19,500	272,379,000	0.01%
2024-12-31	19,500	259,904,000	0.01%
2024-09-30	19,500	258,025,000	0.01%
2024-06-30	325,769	256,571,000	0.13%
2024-03-31	20,170	254,931,000	0.01%
2023-12-31	20,170	244,118,000	0.01%
2023-09-30	20,170	247,420,000	0.01%
2023-06-30	10,812	240,382,000	0.00%
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NETLIST INC (NLST) — SEC Financial Statements & Analysis

NETLIST INC (NLST) is a semiconductors & related devices company, incorporated in DE. NETLIST INC trades on OTC as: NLST. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), NETLIST INC reported a 129.21% year-over-year revenue growth, a Gross Profit Margin of 16.24% (TTM), a Debt-to-Equity ratio of 2.16x, a Price-to-Sales (P/S) ratio of 3.03x (TTM), a Price-to-Book (P/B) ratio of 43.52x (TTM), at a market cap of $1.01B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 129.21%
Gross Profit Margin TTM: 16.24%
Debt To Equity: 2.16x
P/S TTM: 3.03x
P/B TTM: 43.52x
Market Cap: $1.01B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is NETLIST INC in?

NETLIST INC (NLST) operates in the Semiconductors & Related Devices industry.

What is NLST's market cap?

NETLIST INC (NLST) has a market capitalization of $1.01B as of 2026-06-30.

What is NLST's P/E ratio?

NETLIST INC (NLST)'s trailing twelve month P/E ratio is 5070.30x as of 2026-06-30.

What exchange does NLST trade on?

NETLIST INC (NLST) trades on the OTC.

Where is NETLIST INC incorporated?

NETLIST INC is incorporated in DE.

NETLIST INC

Financial Statements

Custom Table

Interactive Financial Visualizations

Earnings Market Reaction

Performance and Valuation Metrics

Insider Transactions

Institutional Ownership

NETLIST INC (NLST) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Semiconductors & Related Devices

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NETLIST INC (NLST) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Semiconductors & Related Devices

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.