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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and Commerce.com, Inc. (CMRC). Click either name above to swap in a different company.
Arlo Technologies, Inc. is the larger business by last-quarter revenue ($141.3M vs $89.5M, roughly 1.6× Commerce.com, Inc.). Arlo Technologies, Inc. runs the higher net margin — 4.1% vs -9.3%, a 13.4% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs 2.9%). Over the past eight quarters, Arlo Technologies, Inc.'s revenue compounded faster (6.7% CAGR vs 5.5%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
ARLO vs CMRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $89.5M |
| Net Profit | $5.8M | $-8.4M |
| Gross Margin | 46.4% | 78.3% |
| Operating Margin | 3.3% | -7.4% |
| Net Margin | 4.1% | -9.3% |
| Revenue YoY | 16.2% | 2.9% |
| Net Profit YoY | 218.6% | -250.0% |
| EPS (diluted) | $0.06 | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $141.3M | $89.5M | ||
| Q3 25 | $139.5M | $86.0M | ||
| Q2 25 | $129.4M | $84.4M | ||
| Q1 25 | $119.1M | $82.4M | ||
| Q4 24 | $121.6M | $87.0M | ||
| Q3 24 | $137.7M | $83.7M | ||
| Q2 24 | $127.4M | $81.8M | ||
| Q1 24 | $124.2M | $80.4M |
| Q4 25 | $5.8M | $-8.4M | ||
| Q3 25 | $6.9M | $-2.2M | ||
| Q2 25 | $3.1M | $-8.4M | ||
| Q1 25 | $-835.0K | $-353.0K | ||
| Q4 24 | $-4.9M | $-2.4M | ||
| Q3 24 | $-4.4M | $-7.0M | ||
| Q2 24 | $-11.6M | $-11.3M | ||
| Q1 24 | $-9.6M | $-6.4M |
| Q4 25 | 46.4% | 78.3% | ||
| Q3 25 | 40.5% | 78.4% | ||
| Q2 25 | 44.9% | 79.0% | ||
| Q1 25 | 44.3% | 79.4% | ||
| Q4 24 | 36.9% | 77.6% | ||
| Q3 24 | 35.2% | 76.3% | ||
| Q2 24 | 36.8% | 75.8% | ||
| Q1 24 | 38.1% | 77.1% |
| Q4 25 | 3.3% | -7.4% | ||
| Q3 25 | 0.6% | -0.5% | ||
| Q2 25 | 1.5% | -8.0% | ||
| Q1 25 | -1.2% | -2.9% | ||
| Q4 24 | -5.0% | -0.9% | ||
| Q3 24 | -4.0% | -23.0% | ||
| Q2 24 | -10.0% | -16.5% | ||
| Q1 24 | -8.5% | -10.2% |
| Q4 25 | 4.1% | -9.3% | ||
| Q3 25 | 4.9% | -2.6% | ||
| Q2 25 | 2.4% | -9.9% | ||
| Q1 25 | -0.7% | -0.4% | ||
| Q4 24 | -4.0% | -2.7% | ||
| Q3 24 | -3.2% | -8.4% | ||
| Q2 24 | -9.1% | -13.8% | ||
| Q1 24 | -7.8% | -8.0% |
| Q4 25 | $0.06 | $-0.11 | ||
| Q3 25 | $0.06 | $-0.03 | ||
| Q2 25 | $0.03 | $-0.10 | ||
| Q1 25 | $-0.01 | $0.00 | ||
| Q4 24 | $-0.05 | $-0.03 | ||
| Q3 24 | $-0.04 | $-0.09 | ||
| Q2 24 | $-0.12 | $-0.15 | ||
| Q1 24 | $-0.10 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $141.1M |
| Total DebtLower is stronger | — | $157.0M |
| Stockholders' EquityBook value | $127.8M | $39.4M |
| Total Assets | $310.5M | $308.8M |
| Debt / EquityLower = less leverage | — | 3.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $141.1M | ||
| Q3 25 | $86.0M | $142.0M | ||
| Q2 25 | $71.2M | $134.5M | ||
| Q1 25 | $84.0M | $120.7M | ||
| Q4 24 | $82.0M | $178.2M | ||
| Q3 24 | $77.0M | $168.4M | ||
| Q2 24 | $62.9M | $275.8M | ||
| Q1 24 | $62.1M | $265.2M |
| Q4 25 | — | $157.0M | ||
| Q3 25 | — | $157.3M | ||
| Q2 25 | — | $157.5M | ||
| Q1 25 | — | $157.8M | ||
| Q4 24 | — | $216.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $340.9M | ||
| Q1 24 | — | $340.5M |
| Q4 25 | $127.8M | $39.4M | ||
| Q3 25 | $129.2M | $42.8M | ||
| Q2 25 | $118.3M | $38.8M | ||
| Q1 25 | $103.4M | $38.1M | ||
| Q4 24 | $100.9M | $33.4M | ||
| Q3 24 | $96.9M | $29.0M | ||
| Q2 24 | $99.3M | $26.1M | ||
| Q1 24 | $99.9M | $26.9M |
| Q4 25 | $310.5M | $308.8M | ||
| Q3 25 | $350.9M | $309.5M | ||
| Q2 25 | $319.7M | $302.5M | ||
| Q1 25 | $296.6M | $286.3M | ||
| Q4 24 | $298.4M | $340.3M | ||
| Q3 24 | $312.4M | $335.1M | ||
| Q2 24 | $295.8M | $452.5M | ||
| Q1 24 | $289.8M | $442.5M |
| Q4 25 | — | 3.99× | ||
| Q3 25 | — | 3.67× | ||
| Q2 25 | — | 4.06× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 13.06× | ||
| Q1 24 | — | 12.65× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.8M | $980.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -2.4% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | 3.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $980.0K | ||
| Q3 25 | $19.2M | $10.6M | ||
| Q2 25 | $8.8M | $13.6M | ||
| Q1 25 | $30.9M | $401.0K | ||
| Q4 24 | $6.7M | $12.4M | ||
| Q3 24 | $18.4M | $5.6M | ||
| Q2 24 | $6.5M | $11.7M | ||
| Q1 24 | $19.8M | $-3.4M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $11.9M | ||
| Q1 25 | $28.1M | $-424.0K | ||
| Q4 24 | $5.6M | $11.6M | ||
| Q3 24 | $17.4M | $4.5M | ||
| Q2 24 | $6.2M | $10.7M | ||
| Q1 24 | $19.4M | $-4.2M |
| Q4 25 | — | -2.4% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | 23.6% | -0.5% | ||
| Q4 24 | 4.6% | 13.3% | ||
| Q3 24 | 12.6% | 5.4% | ||
| Q2 24 | 4.8% | 13.0% | ||
| Q1 24 | 15.7% | -5.3% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | 2.4% | 1.0% | ||
| Q4 24 | 0.9% | 0.9% | ||
| Q3 24 | 0.7% | 1.3% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.3% | 1.0% |
| Q4 25 | 3.43× | — | ||
| Q3 25 | 2.79× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
