Netlist, Inc. (NLST)

Netlist Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Cash & Equivalents	10.54	22.51	40.45	25.01	47.68	13.33
Cash & Short-Term Investments	10.54	22.51	40.45	25.01	47.68	13.33
Cash Growth	-38.57%	-44.35%	61.71%	-47.54%	257.79%	48.63%
Receivables	4.15	1.67	4.56	8.24	12.73	4.68
Inventory	17.57	2.74	12.03	10.69	15.67	3.2
Prepaid Expenses	12.31	0.73	0.44	1.31	1.13	0.51
Restricted Cash	10.3	12.1	12.4	18.6	10.8	3.2
Total Current Assets	54.88	39.76	69.88	63.85	88	24.92
Property, Plant & Equipment	1.03	1.62	2.36	3.18	2.88	0.3
Other Long-Term Assets	0.44	0.47	0.56	0.3	0.29	0.06
Total Assets	56.34	41.84	72.8	67.32	91.18	25.27
Accounts Payable	37.28	42.31	39.83	28.47	25.89	5.33
Accrued Expenses	0.87	0.81	1.35	3.56	1.6	1.15
Short-Term Debt	3.44	1.23	3.84	4.94	7	3.68
Current Portion of Long-Term Debt	-	-	-	0.45	0.56	17.06
Current Portion of Leases	0.63	0.64	0.71	0.66	0.34	0.14
Current Unearned Revenue	26.97	0.04	-	-	-	0.3
Other Current Liabilities	0.23	2.03	1.86	-	-	-
Total Current Liabilities	69.42	47.06	47.59	38.07	35.39	27.64
Long-Term Debt	-	-	-	-	-	0.15
Long-Term Leases	0.18	0.64	1.22	1.84	1.63	0.05
Other Long-Term Liabilities	0.03	0.18	0.23	0.17	0.11	0.06
Total Liabilities	69.64	47.89	49.04	40.09	37.13	27.89
Common Stock	0.29	0.27	0.25	0.23	0.23	0.2
Additional Paid-In Capital	346.68	331.37	307.33	250.43	243.87	192.07
Retained Earnings	-360.26	-337.69	-283.82	-223.43	-190.06	-194.89
Shareholders' Equity	-13.29	-6.05	23.76	27.24	54.04	-2.62
Total Liabilities & Equity	56.34	41.84	72.8	67.32	91.18	25.27
Total Debt	4.25	2.52	5.77	7.88	9.54	21.06
Net Cash (Debt)	6.3	19.99	34.67	17.13	38.14	-7.74
Net Cash Growth	-55.78%	-42.35%	102.45%	-55.10%	-	-
Net Cash Per Share	0.02	0.08	0.14	0.07	0.17	-0.04
Filing Date Shares Outstanding	307.25	273.94	254.95	235.52	230.57	215.01
Total Common Shares Outstanding	292.66	271.99	253.59	232.56	230.11	195.98
Working Capital	-14.55	-7.31	22.29	25.77	52.61	-2.73
Book Value Per Share	-0.05	-0.02	0.09	0.12	0.23	-0.01
Tangible Book Value	-13.29	-6.05	23.76	27.24	54.04	-2.62
Tangible Book Value Per Share	-0.05	-0.02	0.09	0.12	0.23	-0.01
Machinery	-	3.16	10.31	10.98	10.43	10.39
Construction In Progress	-	-	0.01	0.01	0.27	-
Leasehold Improvements	-	0.5	0.77	0.78	0.64	0.74

Updated Sep 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.