CLFD FINANCIAL STATEMENTS

Clearfield Inc — balance sheet, income statement and cash flow trends

CLFDClearfield Inc

🇺🇸 USA · NASDAQ · Technology · Communication Equipment

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue136.2 M $-23.6%

Gross Profit50.7 M $+16.0%

Operating Income1.9 M $—

EBITDA13.9 M $—

Net Income-8.6 M $—

Peer Comparison· Communication Equipment

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
CLFD	-23.6%	37.2%	10.2%	-6.3%
KAREL	14.1%	11.4%	7.0%	-7.2%
ALCTL	-14.6%	15.6%	6.2%	-2.7%
NETAS	7.5%	6.7%	2.3%	-2.6%
Industry median	9.2%	38.0%	10.3%	0.3%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
CLFD	-23.6%	37.2%	10.2%	-6.3%
NTGR	2.8%	37.5%	-2.5%	-5.8%
AVNW	0.2%	32.4%	7.4%	2.1%
ADTN	18.8%	38.6%	9.4%	-3.2%
HLIT	-27.5%	50.5%	9.8%	-8.4%
DGII	13.5%	63.4%	21.0%	9.1%
Industry median	9.2%	38.0%	10.3%	0.3%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity242.8 M $92%
Current Liabilities12.7 M $5%
Long-term Liabilities8 M $3%

Key Figures

YoY change

Total Assets263.5 M $-15.2%

Total Liabilities20.7 M $-53.9%

Total Equity242.8 M $-8.7%

Cash & ST Investments91.1 M $-18.7%

Total Debt10.9 M $-49.5%

Net Debt1.5 M $—

Peer Comparison· Communication Equipment

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
CLFD	12.84	4.5%	-5.75	92.1%
KAREL	0.77	372.2%	4.08	11.0%
ALCTL	2.73	3.9%	-3.76	54.8%
NETAS	0.78	-940.3%	8.99	-3.3%
Industry median	1.61	73.1%	0.85	37.5%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
CLFD	12.84	4.5%	-5.75	92.1%
NTGR	2.58	10.2%	14.61	58.8%
AVNW	1.99	39.2%	0.89	44.1%
ADTN	1.77	177.0%	1.16	11.6%
HLIT	2.26	36.9%	0.45	50.4%
DGII	1.11	23.1%	1.22	68.4%
Industry median	1.61	73.1%	0.85	37.5%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow18.1 M $-34.9%

Capital Expenditures3 M $-69.9%

Free Cash Flow16.1 M $-10.2%

Dividends Paid——

Peer Comparison· Communication Equipment

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
CLFD	13.3%	11.8%	2.2%	-210.4%
KAREL	22.1%	15.4%	7.7%	-307.2%
ALCTL	7.5%	7.4%	0.1%	-278.7%
NETAS	2.2%	2.0%	0.1%	-85.6%
Industry median	12.5%	11.1%	2.3%	65.9%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
CLFD	13.3%	11.8%	2.2%	-210.4%
NTGR	1.7%	-1.6%	3.3%	-30.1%
AVNW	4.8%	2.7%	2.1%	232.8%
ADTN	8.8%	5.2%	3.7%	-278.0%
HLIT	11.2%	9.1%	2.1%	-133.6%
DGII	27.2%	26.7%	0.5%	299.1%
Industry median	12.5%	11.1%	2.3%	65.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.