# EDGAR Filing Document

**Accession Number:** 0001474627
**File Stem:** 0001213900-25-079437
**Filing Date:** 2025-8
**Character Count:** 20381
**Document Hash:** 68eda0ca27526469cbf1559c47b0b56c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-079437.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001213900-25-079437

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250821

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Newegg Commerce, Inc.
- **CENTRAL INDEX KEY:** 0001474627
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34661
- **FILM NUMBER:** 251241763

**BUSINESS ADDRESS:**
- **STREET 1:** 21688 GATEWAY CENTER DR
- **STREET 2:** #300
- **CITY:** DIAMOND BAR
- **STATE:** CA
- **ZIP:** 91765
- **BUSINESS PHONE:** (8610)8860-9850

**MAIL ADDRESS:**
- **STREET 1:** 21688 GATEWAY CENTER DR
- **STREET 2:** #300
- **CITY:** DIAMOND BAR
- **STATE:** CA
- **ZIP:** 91765

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lianluo Smart Ltd
- **DATE OF NAME CHANGE:** 20161118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dehaier Medical Systems Ltd
- **DATE OF NAME CHANGE:** 20091015

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**

**THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of August 2025**

**Commission File Number: 001-34661**

**<u>Newegg Commerce, Inc.</u>**

(Translation of registrant's name in English)

**<u>21688 Gateway Center Dr #300, Diamond Bar, CA 91765</u>**

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

**First Half 2025 Results**

On August 21, 2025, Newegg Commerce, Inc. (the "Company" or "Newegg") issued a press release announcing its financial results for the six months ended June 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

**INDEX TO EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Exhibit Title** |
| 99.1 | [Press Release dated August 21, 2025](ea025310201ex99-1_newegg.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Newegg Commerce, Inc.** | **Newegg Commerce, Inc.** |
| August 21, 2025 | By: | /s/ Anthony Chow |
|  |  | Anthony Chow |
|  |  | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**Newegg Announces First Half 2025 Results**

**Diamond Bar, California, August 21, 2025 –** Newegg Commerce, Inc. (NASDAQ: NEGG) (the "Company" or "Newegg"), a leading global technology e-commerce retailer, today announced results for the six months ended June 30, 2025.

"Newegg experienced strong year-over-year growth in the first half of 2025, driven primarily by increased demand for GPUs and other core PC components, including the highly successful launch of the NVIDIA GeForce RTX 50 Series and AMD Radeon RX 9000 Series graphics cards, and AMD Ryzen 9000X3D Series CPUs," said Newegg Chief Executive Officer Anthony Chow. "These new product launches further boosted organic traffic and spurred robust cross-category purchasing, driving both topline growth and improved gross margins. We also benefited from pull-forward spending due to tariff uncertainty while simultaneously minimizing tariff impact on supply chain and customer experience through close collaboration with our key partners and suppliers. I am pleased with our results, and we will continue to be agile and opportunistic throughout the remainder of the year as we aim to deliver a superior experience for our loyal Newegg customers."

Newegg Interim Chief Financial Officer Christina Ching added, "In the first half of 2025, Newegg demonstrated significant growth driven by robust sales of PC components, particularly boosted by positive momentum from the new GPU and CPU product launches. This strong consumer demand led to a 14% year-over-year increase in GMV and a 13% rise in net sales. Along with SG&A expense reductions following various strategic cost optimization measures throughout 2024 and 2025, our adjusted EBITDA improved substantially to $11.3 million for the six months ended June 30, 2025, up from a $7.3 million loss for the same period in 2024. We have also maintained focus on our cash balance and working capital. We also recently launched an "at the market" (ATM) offering program, which we intend to use for general corporate purposes and working capital. As we move forward, our focus remains on maximizing market opportunities while navigating the ongoing tariff environment and other macroeconomic factors."

**<u>2025 First Half Financial Highlights</u>**

● Net sales increased 12.6% to $695.7 million for the six months ended June 30, 2025, compared to $618.1 million for the six months ended June 30, 2024.

● GMV (defined below) increased 13.7% to $849.1 million for the six months ended June 30, 2025, compared to $746.7 million for the six months ended June 30, 2024.

● Gross profit increased 26.5% to $79.8 million for the six months ended June 30, 2025, compared to $63.1 million for the six months ended June 30, 2024.

● Net loss was $4.2 million for the six months ended June 30, 2025, compared to $25.0 million for the six months ended June 30, 2024.

● Adjusted EBITDA (defined below) was $11.3 million for the six months ended June 30, 2025, an increase of $18.6 million, compared to negative $7.3 million for the six months ended June 30, 2024.

![](ex99-1_001.jpg)

**<u>2025 First Half Operational Metrics</u>**

● Average order value was $467 for the six months ended June 30, 2025, compared to $401 for same period in the prior year.

● Active customers, defined as unique customer IDs with at least one item purchased on Newegg platforms in the past six months, totaled approximately 1.13 million as of June 30, 2025, compared to 1.09 million for the same period in the prior year.

● Repeat purchase rate, which is the percentage of active customers who made at least two purchases on Newegg platforms during the past six months, was 25.2% as of June 30, 2025, compared to 23.0% for the same period in the prior year.

**<u>About Newegg</u>**

Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in Diamond Bar, California, near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses' e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com.

Follow Newegg on X, TikTok, Instagram, Facebook, YouTube, Twitch, and Discord.

**<u>Non-GAAP Financial Information</u>**

This press release presents certain "non-GAAP" financial measures. The components of these non-GAAP measures are computed by using amounts that are determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). A reconciliation of non-GAAP financial measures used in this press release to their nearest comparable GAAP financial measures is included in the schedules attached hereto.

*GMV*

The Company defines gross merchandise value, or GMV, as the total dollar value of products sold on its websites and third-party marketplace platforms, directly to customers and by its Marketplace sellers through Newegg Marketplace, net of returns, discounts, taxes, and cancellations. GMV also includes the services fees charged through its Newegg Partner Services in rendering services for its third-party logistics, shipped-by-Newegg, and media ad services, as well as the sales made by its Asia subsidiaries. Newegg believes that GMV helps it assess and analyze changes in revenues, and if reviewed in conjunction with net sales and other GAAP financial measures, can provide more information in evaluating its current performance and in assessing its future performance.

![](ex99-1_001.jpg)

*Adjusted EBITDA*

Newegg calculates Adjusted EBITDA as net income/loss, excluding stock-based compensation expense, interest income, net, income tax (benefit) provision, depreciation and amortization expense, gain/loss from sales of fixed assets, gain/loss from sales of investment, and gain/loss from warrants liabilities.

Newegg believes that exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis and excludes items that it does not consider to be indicative of its core operating performance. Accordingly, Newegg believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors.

Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of Newegg's results as reported under GAAP. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not reflect changes in, or cash requirements for, working capital needs; Adjusted EBITDA does not consider the potentially dilutive impact of stock-based compensation; Adjusted EBITDA does not reflect tax payments that may represent a 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, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, operating profit and Newegg's other GAAP results.

**<u>Cautionary Statement Concerning Forward-Looking Statements</u>**

This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, beliefs or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "plans," "believes," "should," "continue," "intend," "aim" and certain other statements about the future may be deemed forward-looking statements, including those regarding potential new product launches, the ability of new product launches to meet consumer needs, the Company's ability to navigate ongoing tariff uncertainty. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable at the time given, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. These risks and uncertainties include changes in global economic and geopolitical conditions, fluctuations in customer demand and spending, inflation, interest rates and global supply chain constraints. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company's SEC filings are available at http://www.sec.gov.

**<u>Contact</u>**

**Newegg Commerce, Inc.:**

Investor Relations

ir@newegg.com

![](ex99-1_001.jpg)

**NEWEGG COMMERCE, INC.**

**Consolidated Balance Sheets**

**(In thousands, except par value) (Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **June 30,<br> 2025** | **December 31, <br> 2024** |
| **Assets** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $59063 | $96255 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 843 | 3487 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 28970 | 64363 |
| &nbsp;&nbsp;&nbsp;Inventories, net | 152859 | 98537 |
| &nbsp;&nbsp;&nbsp;Income taxes receivable | 2085 | 2452 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 11440 | 14222 |
| &nbsp;&nbsp;&nbsp;Other current assets | 4559 | 4329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 259819 | 283645 |
| Property and equipment, net | 46597 | 51175 |
| Noncurrent deferred tax assets | 915 | 914 |
| Right of use assets, net | 54474 | 60636 |
| Other noncurrent assets | 10932 | 10951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $372737 | $407321 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $118031 | $148279 |
| &nbsp;&nbsp;&nbsp;Accrued liabilities | 37192 | 48629 |
| &nbsp;&nbsp;&nbsp;Deferred revenue | 23619 | 26988 |
| &nbsp;&nbsp;&nbsp;Line of credit | 15775 | 7069 |
| &nbsp;&nbsp;&nbsp;Lease liabilities – current | 12815 | 12608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 207432 | 243573 |
| Income taxes payable | 1795 | 1871 |
| Lease liabilities – noncurrent | 46864 | 53318 |
| Other liabilities | 2545 | 2467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 258636 | 301229 |
| Stockholders' Equity |  |  |
| &nbsp;&nbsp;&nbsp;Common Stock, $0.43696 par value; unlimited shares authorized; 19,499 and 19,478 shares issued and outstanding as of June 30, 2025, and December 31, 2024, respectively | 8521 | 8512 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 300628 | 289096 |
| &nbsp;&nbsp;&nbsp;Notes receivable – related party | (15187) | (15189) |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (1653) | (2300) |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (178208) | (174027) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 114101 | 106092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $372737 | $407321 |

---

![](ex99-1_001.jpg)

**NEWEGG COMMERCE, INC.**

**Consolidated Statements of Operations**

**(In thousands) (Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended<br> June 30,** | **Six Months Ended<br> June 30,** |
|  | **2025** | **2024** |
| Net sales | $695670 | $618119 |
| Cost of sales | 615878 | 555003 |
| Gross profit | 79792 | 63116 |
| Selling, general, and administrative expenses | 87329 | 93083 |
| Loss from operations | (7537) | (29967) |
| Interest income | 1058 | 1544 |
| Interest expense | (466) | (440) |
| Other income, net | 3410 | 1880 |
| Gain from sales of investment |  | 1619 |
| Change in fair value of warrants liabilities | (72) | (64) |
| Loss before provision for (benefit from) income taxes | (3607) | (25428) |
| Provision for (benefit from) income taxes | 574 | (474) |
| Net loss | $(4181) | $(24954) |

---

![](ex99-1_001.jpg)

**NEWEGG COMMERCE, INC.**

**Consolidated Statements of Cash Flows**

**(In thousands) (Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended<br> June 30,** | **Six Months Ended<br> June 30,** |
|  | **2025** | **2024** |
| Cash flows from operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(4181) | $(24954) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 4425 | 5739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for expected credit losses | 20 | 1193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for related party receivables | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for obsolete and excess inventory | 1359 | 1569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 11630 | 15022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain from sales of investment |  | (1619) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of warrant liabilities | 72 | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss (gain) on disposal of property and equipment | (643) | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized gain on marketable securities |  | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes |  | (169) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 35377 | 42426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (55168) | 2223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 2807 | 4913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | 6533 | 8959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (30604) | (95388) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities and other liabilities | (18099) | (15036) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | (3482) | (8182) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities | (49952) | (63197) |
| Cash flows from investing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Payments to acquire property and equipment | (1248) | (1212) |
| &nbsp;&nbsp;&nbsp;Proceeds on disposal of property and equipment | 2723 | 15 |
| &nbsp;&nbsp;&nbsp;Proceeds from sale of investment | - | 2076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by investing activities | 1475 | 879 |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Borrowings under line of credit | 10000 | 41098 |
| &nbsp;&nbsp;&nbsp;Repayments under line of credit | (1751) | (27474) |
| &nbsp;&nbsp;&nbsp;Repayments of long-term debt |  | (132) |
| &nbsp;&nbsp;&nbsp;Proceeds from exercise of stock options |  | 95 |
| &nbsp;&nbsp;&nbsp;Payments for employee taxes related to stock compensation | (89) | (241) |
| &nbsp;&nbsp;&nbsp;Payments for shares buyback | - | (3503) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 8160 | 9843 |
| Foreign currency effect on cash, cash equivalents and restricted cash | 481 | (886) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net decrease in cash, cash equivalents and restricted cash | (39836) | (53361) |
| Cash, cash equivalents and restricted cash: |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 99742 | 106474 |
| &nbsp;&nbsp;&nbsp;End of period | $59906 | $53113 |

---

![](ex99-1_001.jpg)

**<u>Schedule 1</u>**

**Reconciliation of Net Sales to GMV**

**(In millions) (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended<br> June 30,** | **Six Months Ended<br> June 30,** |
|  | **2025** | **2024** |
| **Net Sales** | $695.7 | $618.1 |
| **Adjustments:** |  |  |
| GMV - Marketplace | 173.0 | 153.0 |
| Marketplace Commission | (14.3) | (12.7) |
| Deferred Revenue | (4.6) | (5.8) |
| Other | (0.7) | (5.9) |
| **GMV** | $**849.1** | $**746.7** |

---

![](ex99-1_001.jpg)

**<u>Schedule 2</u>**

**Reconciliation of Net Loss to Adjusted EBITDA**

**(In millions) (Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended<br> June 30,** | **Six Months Ended<br> June 30,** |
|  | **2025** | **2024** |
| **Net loss** | $(4.2) | $(25.0) |
| **Adjustments:** |  |  |
| Stock-based compensation expenses | 11.6 | 15.0 |
| Interest income, net | (0.6) | (1.1) |
| Income tax (benefit) provision | 0.6 | (0.4) |
| Depreciation and amortization | 4.4 | 5.7 |
| Gain from sale of fixed assets | (0.6) |  |
| Gain from sale of investment |  | (1.6) |
| Loss from change in fair value of warrants liabilities | 0.1 | 0.1 |
| **Adjusted EBITDA** | $**11.3** | $**(7.3)** |

---