Newegg Reports 2024 Financial Results with Strategic Focus on Growth

Newegg Commerce ( (NEGG) ) has shared an announcement.

On April 28, 2025, Newegg Commerce, Inc. announced its financial results for the fiscal year ending December 31, 2024. The company reported a decrease in net sales and GMV compared to the previous year, but noted improvements in operational efficiency and profitability due to strategic cost-cutting measures such as warehouse consolidation and workforce alignment. Despite a challenging market environment, Newegg experienced strong sales momentum, particularly during the Black Friday campaign, and continued growth in the first quarter of 2025 with new product launches. The company is focusing on expanding its presence in high-growth categories and exploring new opportunities in the business-to-business software as a service space, while also addressing potential impacts from tariff policies.

Spark’s Take on NEGG Stock

According to Spark, TipRanks’ AI Analyst, NEGG is a Underperform.

Newegg Commerce’s overall stock score reflects significant financial challenges, including declining revenues and negative cash flows, which impact its ability to maintain operations. Technical analysis indicates bearish trends, and the absence of concrete valuation metrics adds uncertainty. Strategic improvements are necessary for better financial health.

To see Spark’s full report on NEGG stock, click here.

More about Newegg Commerce

Newegg Commerce, Inc., founded in 2001 and based in Diamond Bar, California, is a leading global online retailer specializing in PC hardware, consumer electronics, gaming peripherals, home appliances, automotive, and lifestyle technology. The company also provides e-commerce solutions for businesses, including marketing, supply chain, and technical services.

YTD Price Performance: -52.57%

Average Trading Volume: 40,927

Technical Sentiment Signal: Strong Buy

Current Market Cap: $72.93M

For an in-depth examination of NEGG stock, go to TipRanks’ Stock Analysis page.