Arlo Technologies
ARLO on NYSE. Arlo sells home security cameras and monitoring services to people and businesses. Market value $1.4bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 50 of 100. Price score: not known. Our list needs 70 on quality and 60 on price.
$12.80 a share, 16% above its 1-year low
Over the past year the price has ranged from $11.05 to $19.94.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $435m | $490m | $491m | $511m | $529m |
| Operating margin | |||||
| Operating margin | -13.8% | -11.6% | -5.1% | -6.8% | 1.1% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.09bn | 0.09bn | 0.10bn | 0.11bn | 0.11bn |
Health checks
- Free cash flow positive2 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)6 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsSlow, 8.2% a year
- Buying back its own sharesNo, 22% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $156 million last quarter, up 21% on a year ago.
- Profit: $3 million, about the same as a year ago.
- It keeps 3 cents of each $1 of sales as operating profit, after losing 2 cents a year earlier.
- 3% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $138m |
| December 2024 | $122m |
| March 2025 | $119m |
| June 2025 | $129m |
| September 2025 | $140m |
| December 2025 | $141m |
| March 2026 | $150m |
| June 2026 | $156m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$4m |
| December 2024 | -$5m |
| March 2025 | -$835,000 |
| June 2025 | $3m |
| September 2025 | $7m |
| December 2025 | $6m |
| March 2026 | $15m |
| June 2026 | $3m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 27 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
6 long-term investors we follow own it, down from 7 last quarter. 261 funds in all.
- Barrow HanleyBarrow Hanley team
- Value
- $2,777
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Brandes Investment PartnersCharles Brandes | $145m | 1.0% | Added |
| First Eagle Investment ManagementMatthew McLennan | $20m | <0.1% | Added |
| Royce & AssociatesChuck Royce | $18m | 0.1% | Added |
| Hosking PartnersJeremy Hosking | $16m | 0.5% | Added |
| Gotham Asset ManagementJoel Greenblatt | $159,671 | <0.1% | New |
| Barrow HanleyBarrow Hanley team | $2,777 | <0.1% |
Sold out this quarter
- GAMCO InvestorsMario GabelliSold out
- Polen CapitalDan DavidowitzSold out
Largest holders overall
- BlackRock$236mAdded
- Brandes Investment Partners$145mAdded
- Wasatch Advisors LP$80mAdded
- Vanguard Portfolio Management$79mAdded
- State Street$66mAdded
- Vanguard Capital Management$62mAdded
- Rice Hall James & Associates$50m
- Geode Capital Management$37mAdded
- Jupiter Topco$35m
- Renaissance Technologies$28m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor15.3%−1.1 ptsSince 30 June 2025
- Brandes Investment PartnersPassive investor9.6%+1.9 ptsSince 31 March 2026
- Wasatch Advisors LPPassive investor5.3%Since 30 September 2025
- Vanguard Portfolio ManagementPassive investor5.2%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 15.3%−1.1 pts | 30 June 2025 | |
Brandes Investment Partners Passive investor | 9.6%+1.9 pts | 31 March 2026 | |
Wasatch Advisors LP Passive investor | 5.3% | 30 September 2025 | |
Vanguard Portfolio Management Passive investor | 5.2% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $23m, $11m of it under preset trading plans.
- Binder Kurtis JosephCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 29 September 2026
- Shares
- 13,358
- Price
- $12.58
- Value
- $168,005
- Binder Kurtis JosephCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 28 September 2026
- Shares
- 83,211
- Price
- $12.44
- Value
- $1m
- Rothstein Amy MDirectorSoldunder a preset trading plan
- Date
- 1 September 2026
- Shares
- 6,149
- Price
- $12.55
- Value
- $77,150
- Rothstein Amy MDirectorSoldunder a preset trading plan
- Date
- 7 August 2026
- Shares
- 9,251
- Price
- $16.13
- Value
- $149,219
- Rothstein Amy MDirectorSoldunder a preset trading plan
- Date
- 5 August 2026
- Shares
- 2,100
- Price
- $16.00
- Value
- $33,600
- Rothstein Amy MDirectorSoldunder a preset trading plan
- Date
- 4 August 2026
- Shares
- 5,010
- Price
- $15.34
- Value
- $76,847
- Binder Kurtis JosephCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 4 August 2026
- Shares
- 27,297
- Price
- $15.52
- Value
- $423,707
- Rothstein Amy MDirectorSoldunder a preset trading plan
- Date
- 3 August 2026
- Shares
- 12,490
- Price
- $15.01
- Value
- $187,450
- Binder Kurtis JosephCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 3 August 2026
- Shares
- 13,971
- Price
- $15.01
- Value
- $209,638
- Binder Kurtis JosephCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 6 July 2026
- Shares
- 16,507
- Price
- $12.83
- Value
- $211,706
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 29 September 2026 | Binder Kurtis Joseph CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 13,358 | $12.58 | $168,005 |
| 28 September 2026 | Binder Kurtis Joseph CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 83,211 | $12.44 | $1m |
| 1 September 2026 | Rothstein Amy M Director | Sold under a preset trading plan | 6,149 | $12.55 | $77,150 |
| 7 August 2026 | Rothstein Amy M Director | Sold under a preset trading plan | 9,251 | $16.13 | $149,219 |
| 5 August 2026 | Rothstein Amy M Director | Sold under a preset trading plan | 2,100 | $16.00 | $33,600 |
| 4 August 2026 | Rothstein Amy M Director | Sold under a preset trading plan | 5,010 | $15.34 | $76,847 |
| 4 August 2026 | Binder Kurtis Joseph CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 27,297 | $15.52 | $423,707 |
| 3 August 2026 | Rothstein Amy M Director | Sold under a preset trading plan | 12,490 | $15.01 | $187,450 |
| 3 August 2026 | Binder Kurtis Joseph CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 13,971 | $15.01 | $209,638 |
| 6 July 2026 | Binder Kurtis Joseph CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 16,507 | $12.83 | $211,706 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 27 Feb 2026, plus the 10-Q filed 6 Aug 2026 and 4 later 8-Ks.
One big customer
Worth knowingOne customer brings in a big share of sales: 32% last year. Losing that customer would hurt.
“During the years ended December 31, 2025, 2024 and 2023, one customer accounted for 32 %, 43 %, and 34 % of the total revenue, respectively.”
From the 10-K filed 27 February 2026, Item 8. Financial Statements and Notes. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.