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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
National Storage Affiliates Trust is the larger business by last-quarter revenue ($187.0M vs $141.3M, roughly 1.3× Arlo Technologies, Inc.). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 4.1%, a 8.2% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs -1.6%). Over the past eight quarters, Arlo Technologies, Inc.'s revenue compounded faster (6.7% CAGR vs -2.4%).
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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
ARLO vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $187.0M |
| Net Profit | $5.8M | $22.9M |
| Gross Margin | 46.4% | 72.5% |
| Operating Margin | 3.3% | 20.2% |
| Net Margin | 4.1% | 12.2% |
| Revenue YoY | 16.2% | -1.6% |
| Net Profit YoY | 218.6% | 36.8% |
| EPS (diluted) | $0.06 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $139.5M | $188.7M | ||
| Q2 25 | $129.4M | $188.8M | ||
| Q1 25 | $119.1M | $188.4M | ||
| Q4 24 | $121.6M | $190.1M | ||
| Q3 24 | $137.7M | $193.6M | ||
| Q2 24 | $127.4M | $190.4M | ||
| Q1 24 | $124.2M | $196.1M |
| Q4 25 | $5.8M | $22.9M | ||
| Q3 25 | $6.9M | $18.4M | ||
| Q2 25 | $3.1M | $19.5M | ||
| Q1 25 | $-835.0K | $13.0M | ||
| Q4 24 | $-4.9M | $16.7M | ||
| Q3 24 | $-4.4M | $18.7M | ||
| Q2 24 | $-11.6M | $17.1M | ||
| Q1 24 | $-9.6M | $59.0M |
| Q4 25 | 46.4% | 72.5% | ||
| Q3 25 | 40.5% | 70.7% | ||
| Q2 25 | 44.9% | 70.5% | ||
| Q1 25 | 44.3% | 70.7% | ||
| Q4 24 | 36.9% | 72.5% | ||
| Q3 24 | 35.2% | 72.8% | ||
| Q2 24 | 36.8% | 72.6% | ||
| Q1 24 | 38.1% | 72.1% |
| Q4 25 | 3.3% | 20.2% | ||
| Q3 25 | 0.6% | 15.8% | ||
| Q2 25 | 1.5% | 16.5% | ||
| Q1 25 | -1.2% | 11.0% | ||
| Q4 24 | -5.0% | 14.5% | ||
| Q3 24 | -4.0% | 15.8% | ||
| Q2 24 | -10.0% | 17.2% | ||
| Q1 24 | -8.5% | 48.9% |
| Q4 25 | 4.1% | 12.2% | ||
| Q3 25 | 4.9% | 9.8% | ||
| Q2 25 | 2.4% | 10.3% | ||
| Q1 25 | -0.7% | 6.9% | ||
| Q4 24 | -4.0% | 8.8% | ||
| Q3 24 | -3.2% | 9.7% | ||
| Q2 24 | -9.1% | 9.0% | ||
| Q1 24 | -7.8% | 30.1% |
| Q4 25 | $0.06 | $0.23 | ||
| Q3 25 | $0.06 | $0.17 | ||
| Q2 25 | $0.03 | $0.19 | ||
| Q1 25 | $-0.01 | $0.10 | ||
| Q4 24 | $-0.05 | $0.19 | ||
| Q3 24 | $-0.04 | $0.18 | ||
| Q2 24 | $-0.12 | $0.16 | ||
| Q1 24 | $-0.10 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $127.8M | $946.0M |
| Total Assets | $310.5M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $23.3M | ||
| Q3 25 | $86.0M | $26.3M | ||
| Q2 25 | $71.2M | $26.1M | ||
| Q1 25 | $84.0M | $19.3M | ||
| Q4 24 | $82.0M | $50.4M | ||
| Q3 24 | $77.0M | $69.9M | ||
| Q2 24 | $62.9M | $59.0M | ||
| Q1 24 | $62.1M | $64.2M |
| Q4 25 | $127.8M | $946.0M | ||
| Q3 25 | $129.2M | $973.1M | ||
| Q2 25 | $118.3M | $1.0B | ||
| Q1 25 | $103.4M | $1.0B | ||
| Q4 24 | $100.9M | $1.1B | ||
| Q3 24 | $96.9M | $986.9M | ||
| Q2 24 | $99.3M | $1.2B | ||
| Q1 24 | $99.9M | $1.3B |
| Q4 25 | $310.5M | $5.1B | ||
| Q3 25 | $350.9M | $5.1B | ||
| Q2 25 | $319.7M | $5.2B | ||
| Q1 25 | $296.6M | $5.3B | ||
| Q4 24 | $298.4M | $5.4B | ||
| Q3 24 | $312.4M | $5.4B | ||
| Q2 24 | $295.8M | $5.3B | ||
| Q1 24 | $289.8M | $5.4B |
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 | $338.5M |
| Free Cash FlowOCF − Capex | — | $299.8M |
| FCF MarginFCF / Revenue | — | 160.3% |
| Capex IntensityCapex / Revenue | — | 20.7% |
| Cash ConversionOCF / Net Profit | 3.43× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | — | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $338.5M | ||
| Q3 25 | $19.2M | $100.2M | ||
| Q2 25 | $8.8M | $79.9M | ||
| Q1 25 | $30.9M | $85.6M | ||
| Q4 24 | $6.7M | $363.1M | ||
| Q3 24 | $18.4M | $105.7M | ||
| Q2 24 | $6.5M | $83.2M | ||
| Q1 24 | $19.8M | $94.0M |
| Q4 25 | — | $299.8M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | $28.1M | $79.9M | ||
| Q4 24 | $5.6M | $344.4M | ||
| Q3 24 | $17.4M | $101.8M | ||
| Q2 24 | $6.2M | $79.5M | ||
| Q1 24 | $19.4M | $88.6M |
| Q4 25 | — | 160.3% | ||
| Q3 25 | — | 46.6% | ||
| Q2 25 | — | 39.1% | ||
| Q1 25 | 23.6% | 42.4% | ||
| Q4 24 | 4.6% | 181.2% | ||
| Q3 24 | 12.6% | 52.6% | ||
| Q2 24 | 4.8% | 41.7% | ||
| Q1 24 | 15.7% | 45.2% |
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | 2.4% | 3.0% | ||
| Q4 24 | 0.9% | 9.8% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | 0.2% | 1.9% | ||
| Q1 24 | 0.3% | 2.7% |
| Q4 25 | 3.43× | 14.79× | ||
| Q3 25 | 2.79× | 5.44× | ||
| Q2 25 | 2.83× | 4.10× | ||
| Q1 25 | — | 6.59× | ||
| Q4 24 | — | 21.70× | ||
| Q3 24 | — | 5.65× | ||
| Q2 24 | — | 4.88× | ||
| Q1 24 | — | 1.59× |
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% |
NSA
Segment breakdown not available.
