{ "ok": true, "cik": "1738177", "ticker": "CMBMF", "name": "Cambium Networks Corporation", "filings": [ { "form": "8-K", "filed": "2026-09-28", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.01 Completion of Acquisition or Disposition of Assets", "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526405403/0001193125-26-405403-index.htm" }, { "form": "8-K", "filed": "2026-09-14", "items": [ "1.03 Bankruptcy or Receivership", "2.05 Costs Associated with Exit or Disposal Activities", "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526389901/0001193125-26-389901-index.htm" }, { "form": "8-K", "filed": "2026-08-31", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526376720/0001193125-26-376720-index.htm" }, { "form": "8-K", "filed": "2026-06-26", "items": [ "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526285442/0001193125-26-285442-index.htm" }, { "form": "DEF 14A", "filed": "2026-05-22", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526236836/0001193125-26-236836-index.htm" }, { "form": "10-Q", "filed": "2026-05-20", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526232550/0001193125-26-232550-index.htm" } ], "events12m": 12, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [ { "code": "1.03", "label": "Bankruptcy or receivership", "count": 1, "latest": { "filed": "2026-09-14", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526389901/0001193125-26-389901-index.htm" } }, { "code": "NT 10-K", "label": "Late annual report notice", "count": 1, "latest": { "filed": "2026-03-31", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526134964/0001193125-26-134964-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 7, "latest": { "filed": "2026-08-31", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526376720/0001193125-26-376720-index.htm" } }, { "code": "NT 10-Q", "label": "Late quarterly report notice", "count": 3, "latest": { "filed": "2026-08-17", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526354023/0001193125-26-354023-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2025-12-03", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312525306934/0001193125-25-306934-index.htm" } }, { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2026-09-14", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526389901/0001193125-26-389901-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-09-28", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526405403/0001193125-26-405403-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001738177.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1738177" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Cambium Networks Corporation ($CMBMF). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-28. 12 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-12-03. Non-reliance (8-K Item 4.02) filed 2025-08-11.", "auditor": { "changes": [ { "filed": "2025-12-03", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312525306934/0001193125-25-306934-index.htm" } ], "nonReliance": [ { "filed": "2025-08-11", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312525178029/0001193125-25-178029-index.htm" } ], "restatedSince": true }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 159645000, "revenueGrowth1y": -0.09950588314926168, "revenueGrowthPerYear": -0.16966910203231267, "yearsOfData": 5, "operatingMargin": -0.17515738043784648, "operatingMarginPrior": -0.39716052028925014, "netMargin": -0.2413981020388988, "operatingCashFlow": -15706000, "capitalSpending": 440000, "freeCashFlow": -16146000, "researchAndDevelopment": 32863000, "researchShareOfRevenue": 0.2058504807541733, "cash": 11331000, "longTermDebt": 66383000, "longTermDebtChange": -0.0185691686748769, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 335854000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 296899000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 226767000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 177286000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 159645000 } ], "totalEquity": -35948000, "totalAssets": 137141000, "equityRatio": -0.26212438293435225, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": 0, "dividendYearsRising": 0, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -1.34, "sharesOutstanding": 28768492, "bookValuePerShare": -1.2495614994348678, "revenuePerShare": 5.549300255293187, "range80": { "low": 115030440.56681453, "high": 156290707.27738795, "baseline": 136789080.6300952, "n": 4309, "band": "b01", "bandLabel": "$100M–1B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.08388664753942494, "classVolatility": 0.1022985825903761, "volatility": 0.09354669859327935 }, "ifPaceHeld": { "low": 115030440.56681453, "high": 156290707.27738795 } }, "edgarette": "🔖 Exposure: revenue $159.6M (FY2025), total debt $66.4M. Experience: revenue down 10.0% on the year, down 17.0% a year over 4 years; operating margin -17.5%, up from -39.7%. Soundness: equity -26.2% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $115.0M and $156.3M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $106.4M to $169.4M. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, radio & tv broadcasting & communications equipment): operating margin -17.5% against a -7.1% median; growth -10.0% against 4.4%.", "peers": { "sic": 3663, "sicDescription": "Radio & Tv Broadcasting & Communications Equipment", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3663", "growth": [ 0.0439, 11 ], "opMargin": [ -0.0712, 12 ], "equityRatio": [ 0.2456, 11 ], "returnOnEquity": [ -0.0121, 9 ] }, "summary": "Cambium Networks (CMBMF) saw revenue fall 10.0% in FY2025 to $160 million, operating margin -17.5% against a -7.1% median for radio & tv broadcasting & communications equipment, equity -26.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Cambium Networks Corporation against its own record and its peers
Operating marginPeer median -7.1%-17.5%Revenue, on the yearPeer median 4.4%-10.0%Equity of assetsPeer median 24.6%-26.2%Gold tick: the median of 11–11 peers with $50M+ revenue in radio & tv broadcasting & communications equipment
", "chartHorizon": null, "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 0, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-29T14:16:45.239Z", "hash": "0d626b2981d41fff", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Cambium Networks (CMBMF) saw revenue fall 10.0% in FY2025 to $160 million, operating margin -17.5% against a -7.1% median for radio & tv broadcasting & communications equipment, equity -26.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 159645000, "totalDebt": 66383000, "cash": 11331000 }, "experience": { "revenueGrowth1y": -0.09950588314926168, "revenueGrowthPerYear": -0.16966910203231267, "operatingMargin": -0.17515738043784648, "operatingMarginPrior": -0.39716052028925014, "netMargin": -0.2413981020388988, "freeCashFlow": -16146000 }, "soundness": { "equityRatio": -0.26212438293435225, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": 0, "dividendYearsRising": 0, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3663, "sicDescription": "Radio & Tv Broadcasting & Communications Equipment", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3663", "growth": [ 0.0439, 11 ], "opMargin": [ -0.0712, 12 ], "equityRatio": [ 0.2456, 11 ], "returnOnEquity": [ -0.0121, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": { "filed": "2025-08-11", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312525178029/0001193125-25-178029-index.htm", "restatedSince": true, "markedDown": false }, "auditorChange": { "filed": "2025-12-03", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312525306934/0001193125-25-306934-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [ { "code": "1.03", "label": "Bankruptcy or receivership", "count": 1, "latest": { "filed": "2026-09-14", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526389901/0001193125-26-389901-index.htm" } }, { "code": "NT 10-K", "label": "Late annual report notice", "count": 1, "latest": { "filed": "2026-03-31", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526134964/0001193125-26-134964-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 7, "latest": { "filed": "2026-08-31", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526376720/0001193125-26-376720-index.htm" } }, { "code": "NT 10-Q", "label": "Late quarterly report notice", "count": 3, "latest": { "filed": "2026-08-17", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526354023/0001193125-26-354023-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2025-12-03", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312525306934/0001193125-25-306934-index.htm" } }, { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2026-09-14", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526389901/0001193125-26-389901-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-09-28", "url": "https://www.sec.gov/Archives/edgar/data/1738177/000119312526405403/0001193125-26-405403-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 115030440.56681453, "high": 156290707.27738795, "baseline": 136789080.6300952, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4309, "sizeBand": "$100M–1B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.08388664753942494, "classVolatility": 0.1022985825903761, "pricedVolatility": 0.09354669859327935, "k": 3 }, "stress": { "low": 106447490.79645748, "high": 169419381.33060142, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 0, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-29T14:16:45.239Z", "hash": "0d626b2981d41fff", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001738177.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1738177" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.0984, "growth3y": -0.1868, "volatility": 0.0839, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.2621, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns -9.8% of revenue into operating cash; revenue shrinking 18.7% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $100M-1B companies: 13th percentile for cash, 4th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$100M-1B", "cashPctInClass": 13, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed bankruptcy or receivership, late annual report notice, late quarterly report notice, auditor change, restructuring or exit costs in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "cash", "text": "operating cash flow was negative" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -15706000, "investing": -6365000, "financing": -1399000, "capitalSpending": 440000, "free": -16146000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 29960000, "free": 23701000 }, { "fiscalYearEnd": "2022-12-31", "operating": -3054000, "free": -7628000 }, { "fiscalYearEnd": "2023-12-31", "operating": -16696000, "free": -21541000 }, { "fiscalYearEnd": "2024-12-31", "operating": -14975000, "free": -21376000 }, { "fiscalYearEnd": "2025-12-31", "operating": -15706000, "free": -16146000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 11331000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 137141000, "ladder": null, "currentRatio": 0.66, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.0984, "growth3y": -0.1868, "volatility": 0.0839, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.2621, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns -9.8% of revenue into operating cash; revenue shrinking 18.7% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $100M-1B companies: 13th percentile for cash, 4th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$100M-1B", "cashPctInClass": 13, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed bankruptcy or receivership, late annual report notice, late quarterly report notice, auditor change, restructuring or exit costs in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "cash", "text": "operating cash flow was negative" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -15706000, "investing": -6365000, "financing": -1399000, "capitalSpending": 440000, "free": -16146000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 29960000, "free": 23701000 }, { "fiscalYearEnd": "2022-12-31", "operating": -3054000, "free": -7628000 }, { "fiscalYearEnd": "2023-12-31", "operating": -16696000, "free": -21541000 }, { "fiscalYearEnd": "2024-12-31", "operating": -14975000, "free": -21376000 }, { "fiscalYearEnd": "2025-12-31", "operating": -15706000, "free": -16146000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 11331000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 137141000, "ladder": null, "currentRatio": 0.66, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }