Newegg Commerce, Inc.
NEGG · Retail-Retail Stores, NEC · 21.0M shares · +9%/yr ↑ shares · EDGAR filings ↗
Reference price $20.00 · est. market cap ~$419M — last insider sale, 2026-06-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C63Electronics e-retailer; supplied metrics show strong profitability but are tagged to a stale FY2012 period inconsistent with the current low-margin business.
Strengths
- Reported metrics are strong (operating margin 100th pct, net margin 92nd, current ratio 8.5)
- Large established tech-focused marketplace with scaled SKU/brand selection
Risks
- Period (FY2012) is far stale and the 15%+ net margin conflicts with Newegg's actual thin-margin e-tail economics and declining revenue
- Controlled company (~94% insider voting), Nasdaq-compliance and macro/tariff exposure
Notable findings
- No interest coverageInterest coverage -9.46 (cannot cover interest)
- Cash burnNegative free cash flow (-29.7M)
- Strong balance sheetStrong balance sheet — $108M cash & investments, ~14 quarters of runway
- Insider sellingInsider selling — 27 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$8M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-3.0%
Return on assets
-1.0%
Revenue growth (QoQ)
0.2%
Interest coverage
-9.5×
Current ratio
1.4×
Free cash flow
-$30M
EBITDA
-$2M
Tangible book value
$161M
Cash & investments
$108M
Cash runway
14q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Ching Christina | Tax withheld | 48 | $17.34 |
| 2026-06-05 | Ching Christina | Option exercise | 131 | $17.34 |
| 2026-06-03 | CHANG FRED FACHING | Sell | 19K | $20.00 |
| 2026-06-02 | CHANG FRED FACHING | Sell | 11K | $20.19 |
| 2026-06-01 | CHANG FRED FACHING | Sell | 2.6K | $17.58 |
| 2026-06-01 | Chen Michael | Sell | 67 | $18.18 |
| 2026-05-29 | Chen Michael | Tax withheld | 38 | $18.57 |
| 2026-05-29 | Chen Michael | Option exercise | 105 | $18.57 |
| 2026-05-29 | CHANG FRED FACHING | Sell | 10K | $17.51 |
| 2026-05-28 | CHANG FRED FACHING | Sell | 10K | $17.91 |
| 2026-05-27 | CHANG FRED FACHING | Sell | 10K | $18.80 |
| 2026-05-26 | CHANG FRED FACHING | Sell | 10K | $20.43 |
| 2026-05-22 | CHANG FRED FACHING | Sell | 10K | $20.14 |
| 2026-05-21 | CHANG FRED FACHING | Sell | 20K | $19.40 |
| 2026-05-20 | CHANG FRED FACHING | Sell | 20K | $20.07 |
| 2026-05-19 | CHANG FRED FACHING | Sell | 20K | $19.09 |
| 2026-05-18 | CHANG FRED FACHING | Sell | 20K | $19.66 |
| 2026-05-15 | CHANG FRED FACHING | Sell | 20K | $20.87 |
| 2026-05-14 | CHANG FRED FACHING | Sell | 20K | $22.52 |
| 2026-05-13 | CHANG FRED FACHING | Sell | 20K | $23.05 |
| 2026-05-12 | CHANG FRED FACHING | Sell | 20K | $23.66 |
| 2026-05-11 | CHANG FRED FACHING | Sell | 6.9K | $25.41 |
| 2026-05-08 | CHANG FRED FACHING | Sell | 20K | $26.25 |
| 2026-05-07 | CHANG FRED FACHING | Sell | 6.5K | $30.25 |
| 2026-05-06 | Ching Christina | Tax withheld | 48 | $31.85 |
| 2026-05-06 | CHANG FRED FACHING | Sell | 703 | $32.29 |
| 2026-05-06 | Ching Christina | Option exercise | 131 | $31.85 |
| 2026-05-05 | CHANG FRED FACHING | Sell | 3.7K | $30.10 |
| 2026-05-04 | CHANG FRED FACHING | Sell | 15K | $31.88 |
| 2026-05-01 | CHANG FRED FACHING | Sell | 15K | $33.94 |
| 2026-05-01 | Chen Michael | Sell | 67 | $35.00 |
| 2026-04-30 | Chen Michael | Tax withheld | 38 | $34.91 |
| 2026-04-30 | Chen Michael | Option exercise | 105 | $34.91 |
| 2026-04-30 | CHANG FRED FACHING | Sell | 20K | $34.53 |
| 2026-04-06 | Ching Christina | Tax withheld | 48 | $39.22 |
| 2026-04-06 | Ching Christina | Option exercise | 131 | $39.22 |
| 2026-03-31 | Chen Michael | Tax withheld | 38 | $41.06 |
| 2026-03-31 | Chen Michael | Sell | 67 | $41.06 |
| 2026-03-31 | Chen Michael | Option exercise | 105 | $41.06 |
| 2025-08-15 | Galkin Vladimir | Buy | 11K | $104.72 |
| 2025-08-07 | Galkin Vladimir | Buy | 49K | $55.55 |
| 2025-08-06 | Galkin Vladimir | Buy | 6.2K | $58.78 |
| 2025-08-06 | Galkin Vladimir | Buy | 56K | $55.55 |
| 2025-08-04 | Galkin Vladimir | Buy | 56K | $52.52 |
| 2025-07-29 | Galkin Vladimir | Buy | 6.1K | $40.40 |
| 2025-07-29 | Galkin Vladimir | Buy | 133K | $42.42 |
| 2025-07-17 | Galkin Vladimir | Buy | 166K | $29.54 |
| 2025-07-17 | Galkin Vladimir | Buy | 111K | $29.24 |
| 2025-07-17 | Galkin Vladimir | Buy | 139K | $30.19 |
| 2025-07-17 | Galkin Vladimir | Buy | 44K | $30.30 |
| 2025-07-17 | Galkin Vladimir | Buy | 67K | $28.82 |
| 2025-07-16 | Galkin Vladimir | Buy | 67K | $28.28 |
| 2025-07-16 | Galkin Vladimir | Buy | 44K | $28.00 |
| 2025-07-15 | Galkin Vladimir | Buy | 56K | $29.29 |
| 2025-07-15 | Galkin Vladimir | Buy | 31K | $29.51 |
| 2025-07-15 | Galkin Vladimir | Buy | 25K | $30.23 |
| 2025-07-14 | Galkin Vladimir | Buy | 86K | $44.44 |
| 2025-07-14 | Galkin Vladimir | Buy | 81K | $33.53 |
| 2025-07-14 | Galkin Vladimir | Buy | 56K | $47.16 |
| 2025-07-09 | Galkin Vladimir | Buy | 58K | $21.77 |
| 2025-07-08 | Galkin Vladimir | Buy | 64K | $18.10 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-28 | 2025-12-31 | 0001213900-26-048633 ↗ |
| 20-F | 2025-04-28 | 2024-12-31 | 0001213900-25-036055 ↗ |
| 20-F | 2024-04-24 | 2023-12-31 | 0001213900-24-035840 ↗ |
| 20-F | 2023-04-27 | 2022-12-31 | 0001213900-23-033334 ↗ |
| 20-F | 2022-04-28 | 2021-12-31 | 0001213900-22-022346 ↗ |
| 20-F | 2021-03-31 | 2020-12-31 | 0001213900-21-019034 ↗ |
| 20-F | 2020-05-15 | 2019-12-31 | 0001213900-20-012609 ↗ |
| 20-F | 2019-05-15 | 2018-12-31 | 0001213900-19-008649 ↗ |
| 20-F | 2018-04-25 | 2017-12-31 | 0001213900-18-004948 ↗ |
| 20-F | 2017-04-28 | 2016-12-31 | 0001144204-17-023283 ↗ |
| 20-F | 2016-07-18 | 2015-12-31 | 0001144204-16-113220 ↗ |
| 20-F | 2015-04-30 | 2014-12-31 | 0001144204-15-026182 ↗ |