Newegg Commerce Reports 12.5% YoY Revenue Growth in 1H 2025

Newegg Commerce reported 1H results with revenue of $695.67M, a 12.5% YoY increase. Gross merchandise volume (GMV) rose 13.7% to $849.1 million. Net income was $1.19M, down from $3.29M in the same period last year. The company's total active customers increased 19.6% to 15.5 million.

Newegg Commerce, the e-commerce platform, released its 1H 2025 financial results, reflecting a mixed performance. Revenue for the period was $695.67 million, marking a 12.5% year-over-year (YoY) increase [1]. Gross merchandise volume (GMV) rose 13.7% to $849.1 million, highlighting strong sales growth [1]. However, net income declined to $4.2 million, down from $25.0 million in the same period last year [1].

Despite the revenue and GMV growth, the company reported a net loss of $4.2 million, indicating operational challenges. Adjusted EBITDA improved significantly, rising to $11.3 million from negative $7.3 million in the prior year [1]. The average order value increased to $467, up from $401 in the same period last year [1].

The number of active customers grew by 19.6% to approximately 1.13 million, reflecting increased customer engagement. The repeat purchase rate also improved, reaching 25.2% from 23.0% in the prior year [1]. These metrics suggest that Newegg is successfully attracting and retaining customers.

Newegg Commerce continues to face operational challenges, as evidenced by the net loss. However, the company's growth in revenue, GMV, and active customers indicates potential for future profitability. Investors should closely monitor the company's operational efficiency and strategic initiatives to improve profitability.

References:
[1] https://seekingalpha.com/news/4488192-newegg-commerce-reports-1h-results