Company: NEGG
Filing Date: 2025-10-14
Form Type: 6-K
Source: 0001213900-25-098392
Chunk: 3

Company: Newegg Commerce, Inc.
Filing Date: 2025-10-14
Form: 6-K
Chunk 3
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 Adjusted EBITDA does not reflect tax payments that may represent
reduction in cash available to Newegg; and other companies, including companies in our industry, may calculate Adjusted EBITDA differently,
which reduces its usefulness as a comparative measure. Because of these limitations, Adjusted EBITDA should be considered alongside other
financial performance measures, including various cash flow metrics, operating profit and Newegg’s other GAAP results.

|                                                        |     | For the Twelve Months Ended 
 December 31, 2025           |       |   |     |            |       |   |
|:-------------------------------------------------------|:----|:----------------------------|------:|:--|:----|:-----------|------:|:--|
|                                                        |     | Low-range                   |       |   |     | High-range |       |   |
|                                                        |     | -in millions                |       |   |     |            |       |   |
| Net loss                                               |     | $                           | (15.8 | ) |     | $          | (10.4 | ) |
| Adjustments:                                           |     |                             |       |   |     |            |       |   |
| Stock-based compensation expenses                      |     |                             |  22.1 |   |     |            |  22.1 |   |
| Interest income, net                                   |     |                             |  (1.2 | ) |     |            |  (1.2 | ) |
| Income tax provision                                   |     |                             |   1.4 |   |     |            |   1.4 |   |
| Depreciation and amortization                          |     |                             |   7.8 |   |     |            |   7.8 |   |
| Gain from sales of Fixed Assets                        |     |                             |  (1.0 | ) |     |            |  (1.0 | ) |
| Loss from change in fair value of warrants liabilities |     |                             |   0.4 |   |     |            |   0.4 |   |
| Adjusted EBITDA                                        |     | $                           |  13.7 |   |     | $          |  19.1 |   |

Newegg has not finalized its financial statements as of and for
the six or twelve months ended December 31, 2025. The actual amounts that it reports will be subject to financial closing procedures