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Arlo Technologies, Inc.

Rank #47Value

ARLO · NYSE · Industrials

Arlo Technologies, Inc. (ARLO) — Rank #47 by gross profitability (GP/assets 0.62) · ROE 9.4% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001736946 · all metrics point-in-time as of the filing date.

About

Arlo Technologies, Inc., together with its subsidiaries, provides cloud-based platform services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

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The company offers Arlo Essential Cameras and Doorbells delivers smart home protection, including automated privacy shield, 360-degree coverage, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; ARLO PRO 6, a pro series wireless security cameras; ARLO ULTRA 3, a 4K HDR video resolution, auto-zoom and tracking and an expansive 180-degree field of view camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; and Arlo Floodlight Camera, a wire-free floodlight camera. It also provides security system accessories, charging accessories, and mounts. In addition, the company offers Arlo Secure subscriptions, including AI-powered recognition and detection; 2K secure plan and 4K secure plus plan cloud-based video recording; unlimited cameras; advanced object detection; smart interactive notifications; smoke and CO alarm detection; cloud-based activity zone; call a friend; and 24/7 priority support and professional monitoring services; Arlo Total Security, a subscription which provides 24/7 professional monitoring and security hardware; Arlo Safe, a personal safety app that offers one-touch emergency response, family safety, and crash detection and response services; and Arlo SmartCloud, a SaaS solution that delivers security cloud services for business. It sells its products through retailers, wholesale distributors, broadcast channels, wireless carriers, and security solution providers, as well as through its website. Arlo Technologies, Inc.

was incorporated in 2018 and is headquartered in Carlsbad, California.

Industry
Building Products & Equipment
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
arlo.com

Price History

ARLO+109.7% · +16.0% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

$1.48B

P/E (annual)

98.0

P/S (annual)

2.8

P/B

9.3

P/OCF (annual)

18.8

Shareholder Yield

-11.7%

Employees

376

Industry

Building Products & Equipment

Exchange

NYSE

Signal Flags

3 green2 yellow
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
RPO outpacing revenueRemaining performance obligations growing faster than recognized revenue — forward demand building
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass
GP / assets
0.62
Return on equity
9.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.36
Current ratio
1.40×
Net cash
$101.38M

Cash Flow

1/1 pass
Positive FCF
N/A
Cash-backed earnings
N/A
Accruals healthy
PASS
SBC / revenue
11.8%

Growth

1/2 pass
Revenue growth
3.6%
Piotroski F-Score
6 / 9
Share dilution
11.7%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / S

Price / revenue per share

3.3xExpensive
0.5xmed 1.5x3.3x

P / B

Price / book value per share

13.5xExpensive
0.8xmed 4.1x13.5x

P / GP

Price / gross profit per share

7.4xExpensive
2.2xmed 6.3x9.8x

P / FCF

Price / free cash flow per share

N/A
24.2xmed 27.2x98.2x

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Gross profitability (GP / assets)

0.62

Primary signal (Novy-Marx).

85th pctl of 98 SIC 73 peers

Return on equity

9.4%

Gross margin

44.0%

24th pctl of 97 SIC 73 peers

Revenue growth (YoY)

3.6%

RPO growth (YoY)

37.6%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

2.6%

Revenue CAGR (5Y)

8.2%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.36

16th pctl of 87 SIC 73 peers (best = lowest)

Current ratio

1.40×

26th pctl of 97 SIC 73 peers

Quick ratio

0.85×

Net cash

$101.38M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

—

Operating cash flow minus capex.

Positive free cash flow

N/A

FCF / net income

—

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

N/A

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

11.8%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Startup
Hypergrowth
Value
View full financial statements →