Invesaro

Stocks Technology NLST

OTC · Technology

Netlist Inc (NLST)

Netlist Inc brought in $332.7M of revenue over the twelve months to June 27, 2026, up 129.2% from a year earlier. Net income was $789K, a net margin of 0.2%. In fiscal 2025 capital spending exceeded operating cash flow by $14.8M. At June 27, 2026 it held $30.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 11, 2026.

Watch NLST in 60 seconds
Price
$5.42
-2.52% on the day · September 28, 2026
52-week range $0.45 to $7.00
Market cap
$1.9B
Revenue (last 12 months)
$332.7M
+129.2% year on year
Net margin
0.2%

What Netlist Inc does

Netlist Inc is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on OTC under the ticker NLST.

Revenue and profit by year

Revenue
FY18: $33.5M $33.5M FY18FY19: $26.1M $26.1M FY19FY20: $47.2M $47.2M FY20FY21: $142.4M $142.4M FY21FY22: $161.6M $161.6M FY22FY23: $69.2M $69.2M FY23FY24: $147.1M $147.1M FY24FY25: $188.6M $188.6M FY25
Net income
FY18: -$17.1M -$17.1M FY18FY19: -$12.5M -$12.5M FY19FY20: -$7.3M -$7.3M FY20FY21: $4.8M $4.8M FY21FY22: -$33.4M -$33.4M FY22FY23: -$60.4M -$60.4M FY23FY24: -$53.9M -$53.9M FY24FY25: -$24.8M -$24.8M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$188.6M-$25.5M-$24.8M-$0.09-$14.8M
2024$147.1M-$55.2M-$53.9M-$0.21-$34.7M
2023$69.2M-$61.8M-$60.4M-$0.25n/a
2022$161.6M-$33.5M-$33.4M-$0.14-$15.5M
2021$142.4M$11.4M$4.8M$0.02$5.5M
2020$47.2M-$6.8M-$7.3M-$0.04-$8.2M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 5, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 6, 2025. Not a date the company has announced. See the report calendar

Where NLST ranks in Technology

Revenue$188.6M
#406 of 731 in Technology · Bottom 45%
Revenue growth+28.2%
#110 of 604 in Technology · Top 18%
Net margin-13.2%
#454 of 611 in Technology · Bottom 26%
Free cash flow margin-7.8%
#464 of 569 in Technology · Bottom 18%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What Netlist Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 21, 2026
  2. August 11, 2026
    Quarterly report 10-Q · period to June 27, 2026Revenue rose 163% to $109.8M versus the same quarter last year; diluted EPS $0.00 versus -$0.02.
  3. August 5, 2026
  4. July 31, 2026
  5. July 31, 2026
  6. July 31, 2026
  7. July 30, 2026
  8. July 2, 2026
  9. July 2, 2026
  10. May 28, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 19, 2026. Insider transactions on SEC

Insider trades

What the people running Netlist Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $902.7K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$902.7K
last 90 days
Net sold
150,000
$902.7K
DateInsiderWhatSharesPriceValueFiling
August 17, 2026 Sasaki Gail MEVP and CFO Soldpre-planned (10b5-1) 100,000 $6.91 $690.7K Form 4
August 12, 2026 Sasaki Gail MEVP and CFO Soldpre-planned (10b5-1) 25,000 $4.49 $112.3K Form 4
August 5, 2026 Sasaki Gail MEVP and CFO Soldpre-planned (10b5-1) 25,000 $3.99 $99.8K Form 4
July 16, 2026 Hong Chun KPresident, CEO and Chairman, Director Received as pay 4,000,000 - - Form 4
June 5, 2026 Welcher BlakeDirector Received as pay 100,000 - - Form 4
June 5, 2026 Cho JunDirector Received as pay 100,000 - - Form 4
June 5, 2026 Sasaki Gail MEVP and CFO Received as pay 200,000 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns NLST

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

We have not read this company's Schedule 13D and 13G filings yet.

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

4 insiders reported holding 13,711,481 shares in total, about $74.3M at the last price.

HolderSharesAs of
Hong Chun KPresident, CEO and Chairman, Director 12,676,887 July 16, 2026
Sasaki Gail MEVP and CFO 534,594 August 17, 2026
Cho JunDirector 300,000 June 5, 2026
Welcher BlakeDirector 200,000 June 5, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about NLST

What does Netlist Inc do?

Netlist Inc is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on OTC under the ticker NLST.

Is Netlist Inc profitable?

Yes. Over the twelve months to June 27, 2026 it reported net income of $789K on revenue of $332.7M, a net margin of 0.2%.

How much revenue does Netlist Inc make?

Over the twelve months to June 27, 2026 Netlist Inc reported revenue of $332.7M. That is 129.2% more than a year earlier.

When did Netlist Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 11, 2026. It covers the period to June 27, 2026. Its newest filing of any kind is the shareholder vote results from September 21, 2026.

Similar companies

Compare NLST with

Compare NLST with any company

Follow NLST

Get an email when Netlist Inc files with the SEC: results, executive changes, material agreements and annual reports.

Follow NLST: get an email when it files

Where the numbers come from

Financial figures are the values Netlist Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.