Cambium Networks Corporation

cambiumnetworks.com

What Do They Do?

Builds fixed-wireless and fiber broadband systems, enterprise networking equipment, and security gateways for service providers, businesses, and public and industrial organizations.

How Do They Make Money?

Point-to-Multi-Point is the largest product category and consists of wireless broadband hardware sold through distributors and other channel partners; hardware sales occur when products ship. Cambium also sells perpetual software licenses, extended warranties, and subscriptions; warranty and subscription services run over a term.

revenue

Segment	Share	How money arrives
Point-to-Multi-Point Sold outright	37% FY2022: 39%	Sold outright
Point-to-Point Sold outright	27% FY2022: 23%	Sold outright
Enterprise Sold outright	33% FY2022: 37%	Sold outright
Other	2.3% FY2022: 1.7%

Who Are Their Customers?

Substantially all products are sold through distributors and other channel partners, such as resellers and systems integrators.

Customers above 10% of revenue, FY2025

of revenue from two customers (15%, 14%)

FY2024: 29% from two customers

Do Revenues Turn Into Profits?

No. It lost $38.5M in FY2025.

Operating income, FY2025

−18% of revenue

▼ −60% (Loss) vs FY2024 (−$70.4M, −40%)

Net income, FY2025

−24% of revenue

▼ −48% (Loss) vs FY2024 (−$74.5M, −42%)

Free cash flow, FY2025

−10% of revenue

▼ −24% (Loss) vs FY2024 (−$21.4M, −12%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q1 FY2026, the three months to Mar 31, 2026

Revenue: ▲ +32%; vs $33.7M in Q1 FY2025
Net income: ▼ −72% (Loss); vs −$12M in Q1 FY2025

Point-to-Multi-Point share of revenue vs 39.0% in Q1 FY2025

Sep 11, 2026 UK subsidiary entered administration Administrators will attempt to sell company assets, including some or all business lines; remaining entities in the subsidiary group are expected to be wound up.
Aug 31, 2026 Nasdaq affirmed the decision to delist Cambium's shares Trading has been suspended, and the company expects shares to remain quoted on the OTC Expert Market.

Shrinking. Revenue fell 52% in 4 years, from $335.9M in FY2021 to $159.6M in FY2025, about 17% a year.

Fiber broadband products The latest overview includes fiber broadband products alongside fixed wireless, while the older overview described wireless broadband and Wi-Fi networking infrastructure.

Revenue over time

Point-to-Multi-Point Point-to-Point Enterprise Other

$500M$250M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Ubiquiti, Tarana Wireless, Radisys, Mimosa Networks, Radwin, HFCL Group, Airspan Networks, Ericsson, Nokia, Baicells Technologies, Ceragon Networks, Aviat Networks, SIAE Microelettronica, Intracom Telecom, Calix, GE MDS, Freewave, TowerCoverage.com, Ruckus Networks, and Cisco Meraki

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