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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
Arlo Technologies, Inc. is the larger business by last-quarter revenue ($141.3M vs $91.6M, roughly 1.5× SHENANDOAH TELECOMMUNICATIONS CO). Arlo Technologies, Inc. runs the higher net margin — 4.1% vs -5.9%, a 9.9% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs 7.2%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 6.7%).
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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
ARLO vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $91.6M |
| Net Profit | $5.8M | $-5.4M |
| Gross Margin | 46.4% | — |
| Operating Margin | 3.3% | -1.0% |
| Net Margin | 4.1% | -5.9% |
| Revenue YoY | 16.2% | 7.2% |
| Net Profit YoY | 218.6% | -95.8% |
| EPS (diluted) | $0.06 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $139.5M | $89.8M | ||
| Q2 25 | $129.4M | $88.6M | ||
| Q1 25 | $119.1M | $87.9M | ||
| Q4 24 | $121.6M | $85.4M | ||
| Q3 24 | $137.7M | $87.6M | ||
| Q2 24 | $127.4M | $85.8M | ||
| Q1 24 | $124.2M | $69.2M |
| Q4 25 | $5.8M | $-5.4M | ||
| Q3 25 | $6.9M | $-9.4M | ||
| Q2 25 | $3.1M | $-9.0M | ||
| Q1 25 | $-835.0K | $-9.1M | ||
| Q4 24 | $-4.9M | $-2.7M | ||
| Q3 24 | $-4.4M | $-5.3M | ||
| Q2 24 | $-11.6M | $-12.9M | ||
| Q1 24 | $-9.6M | $214.7M |
| Q4 25 | 46.4% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 3.3% | -1.0% | ||
| Q3 25 | 0.6% | -8.0% | ||
| Q2 25 | 1.5% | -10.3% | ||
| Q1 25 | -1.2% | -6.9% | ||
| Q4 24 | -5.0% | -6.7% | ||
| Q3 24 | -4.0% | -4.8% | ||
| Q2 24 | -10.0% | -18.5% | ||
| Q1 24 | -8.5% | -4.0% |
| Q4 25 | 4.1% | -5.9% | ||
| Q3 25 | 4.9% | -10.5% | ||
| Q2 25 | 2.4% | -10.2% | ||
| Q1 25 | -0.7% | -10.4% | ||
| Q4 24 | -4.0% | -3.2% | ||
| Q3 24 | -3.2% | -6.0% | ||
| Q2 24 | -9.1% | -15.0% | ||
| Q1 24 | -7.8% | 310.0% |
| Q4 25 | $0.06 | $-0.13 | ||
| Q3 25 | $0.06 | $-0.20 | ||
| Q2 25 | $0.03 | $-0.19 | ||
| Q1 25 | $-0.01 | $-0.19 | ||
| Q4 24 | $-0.05 | $-0.34 | ||
| Q3 24 | $-0.04 | $-0.13 | ||
| Q2 24 | $-0.12 | $-0.24 | ||
| Q1 24 | $-0.10 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $127.8M | $880.8M |
| Total Assets | $310.5M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $27.3M | ||
| Q3 25 | $86.0M | $22.6M | ||
| Q2 25 | $71.2M | $29.1M | ||
| Q1 25 | $84.0M | $87.5M | ||
| Q4 24 | $82.0M | $46.3M | ||
| Q3 24 | $77.0M | $43.1M | ||
| Q2 24 | $62.9M | $43.8M | ||
| Q1 24 | $62.1M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $127.8M | $880.8M | ||
| Q3 25 | $129.2M | $892.7M | ||
| Q2 25 | $118.3M | $902.0M | ||
| Q1 25 | $103.4M | $910.5M | ||
| Q4 24 | $100.9M | $918.6M | ||
| Q3 24 | $96.9M | $925.4M | ||
| Q2 24 | $99.3M | $933.1M | ||
| Q1 24 | $99.9M | $871.6M |
| Q4 25 | $310.5M | $1.9B | ||
| Q3 25 | $350.9M | $1.9B | ||
| Q2 25 | $319.7M | $1.8B | ||
| Q1 25 | $296.6M | $1.8B | ||
| Q4 24 | $298.4M | $1.7B | ||
| Q3 24 | $312.4M | $1.7B | ||
| Q2 24 | $295.8M | $1.7B | ||
| Q1 24 | $289.8M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | 3.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $28.8M | ||
| Q3 25 | $19.2M | $30.7M | ||
| Q2 25 | $8.8M | $20.9M | ||
| Q1 25 | $30.9M | $20.5M | ||
| Q4 24 | $6.7M | $20.6M | ||
| Q3 24 | $18.4M | $24.3M | ||
| Q2 24 | $6.5M | $2.5M | ||
| Q1 24 | $19.8M | $15.2M |
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | $28.1M | $-62.7M | ||
| Q4 24 | $5.6M | $-72.0M | ||
| Q3 24 | $17.4M | $-51.3M | ||
| Q2 24 | $6.2M | $-78.3M | ||
| Q1 24 | $19.4M | $-54.9M |
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | 23.6% | -71.3% | ||
| Q4 24 | 4.6% | -84.3% | ||
| Q3 24 | 12.6% | -58.5% | ||
| Q2 24 | 4.8% | -91.3% | ||
| Q1 24 | 15.7% | -79.3% |
| Q4 25 | — | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | 2.4% | 94.7% | ||
| Q4 24 | 0.9% | 108.4% | ||
| Q3 24 | 0.7% | 86.2% | ||
| Q2 24 | 0.2% | 94.2% | ||
| Q1 24 | 0.3% | 101.2% |
| Q4 25 | 3.43× | — | ||
| Q3 25 | 2.79× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
