Arlo Technologies (ARLO)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	167,563	152,184	145,795	137,677	136,035	135,781	123,374	115,803	108,035	100,857	97,923	77,243	55,389	44,557	33,651	37,812	35,804	27,079	46,323	64,967
Revenue (ttm)	US$ in thousands	495,885	478,632	475,901	479,098	493,340	517,147	499,348	478,314	435,648	407,138	406,300	374,509	358,206	365,783	362,185	379,712	372,177	371,922	396,887	423,525
Gross profit margin		33.79%	31.80%	30.64%	28.74%	27.57%	26.26%	24.71%	24.21%	24.80%	24.77%	24.10%	20.63%	15.46%	12.18%	9.29%	9.96%	9.62%	7.28%	11.67%	15.34%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $167,563K ÷ $495,885K
= 33.79%

The gross profit margin of Arlo Technologies Inc has exhibited a positive trend over the past eight quarters. Starting at 24.26% in Q1 2022, it has steadily increased to reach 34.11% in Q4 2023. This indicates the company has been able to effectively control its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. The consistent improvement in gross profit margin suggests enhanced operational efficiency and pricing strategies that have positively impacted the company's profitability over time.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Arlo Technologies

ARLO

33.79%