AI Networking Momentum, Growth In SaaS ARR: What To Know About Extreme Networks’ Fiscal 2025

In its fifth consecutive quarter of revenue growth, Extreme Networks posted double-digit fourth-quarter 2025 revenue increases thanks in part to cloud and subscription growth, according to the networking specialist.

Networking specialist Extreme Networks comes to market with a portfolio that ties together wired, wireless and SD-WAN into a single offering that’s layered on top of a unified management platform available in the cloud or on-premises. That flexible and streamlined approach to secure networking has helped the company, despite its relatively small size compared with market heavyweights such as Cisco Systems and Hewlett Packard Enterprise, pick up its fair share of enterprise customers, especially in the government, education and hospitality sectors.

Extreme Networks Wednesday reported its fourth-quarter and full 2025 earnings, marking the company’s fifth consecutive quarter of revenue growth with revenue up 19.6 percent year over year. The company’s SaaS ARR, which is increasingly making up more of its revenue, also climbed about 24 percent year over year. For the full 2025 year, Extreme Networks’ revenue was up 2 percent.

The Morrisville, N.C.-based company expects to continue its path to revenue growth thanks to its developing AI networking capabilities and its new flagship Extreme Platform One offering that just went GA last month. Extreme Platform One is an AI-powered networking and security management platform that can consolidate license, contract and asset management into a single place for end users, giving partners and customers real-time visibility into usage, renewals, support coverage and device inventory across all sites and product lines, according to Extreme Networks.

Here are the results of Extreme Networks’ fourth-quarter and full-year 2025 financial results.

AI Networking Traction

Extreme Networks last month announced the general availability of Extreme Platform One, the networking specialist’s unified management platform that’s instilled with agentic AI. First revealed in December, the platform boils down network and security management by bringing the tools into one platform for enterprises, including products from third-party networking and security vendors such as Microsoft. The company said that as a result, up to 90 percent of manual work can be reduced and resolution times cut by up to 98 percent.

“I’m proud of our team for putting Extreme at the forefront of AI innovation in networking. Platform One is the first generally available AI for networking platform that provides a fundamentally advanced customer experience achieved through a mix of conversational and agentic AI capabilities. With Extreme Platform One we’re intent [on redefining] enterprise networking with end-to-end visibility, AI-powered automation and the industry’s most intuitive and simplified licensing model. We are well-positioned to accelerate growth, gain market share and lead this next wave of AI-driven innovation,” said Extreme Networks President and CEO Ed Meyercord of the company’s fourth-quarter 2025 results.

Interest in the platform has been strong, and it already has more than 265 early adopter customers, Extreme Networks said in July.

Subscription Momentum

Extreme Networks over the last several years has seen growing cloud adoption and interest in subscriptions from customers. Extreme Networks uses SaaS annual recurring revenue, known as SaaS ARR, to identify the annual recurring revenue of ExtremeCloud IQ and other subscription revenue. The company in fourth-quarter 2025 posted SaaS ARR of $207.6 million, up 24.4 percent year over year. Extreme Networks’ subscription and support revenue was $115.1 million, up about 12 percent compared with $103.9 million a year ago.

About 36 percent of the company’s profits were generated by recurring revenue, Extreme Networks said. The company said that a good chunk of its revenue growth was fueled by an increase in large deals worth more than $1 million.

Fiscal Fourth-Quarter 2025 Results

Extreme Networks said that its fourth-quarter results were driven by continuous sequential growth in revenue and prudent expense management, on top of the momentum the company is seeing in subscriptions and AI networking.

For fourth-quarter 2025, which ended June 30, Extreme Networks’ revenue was up 19.6 percent year over year to $307 million. The company posted non-GAAP diluted earnings per share of 25 cents, compared with a non-GAAP diluted loss per share of 8 cents last year. Extreme Networks beat Wall Street’s expectations of 22 cents.

“We closed the fourth quarter with significant momentum, driven by sharp execution and growing demand for our solutions and services,” Meyercord said. “Five consecutive quarters of revenue growth and ARR jumping 24 percent year over year are clear indicators that our subscription model is gaining traction. Increased customer engagement in EMEA and APAC underscores our global momentum, highlighted by sizable wins this quarter.”

Fiscal Full 2025 Results

For the full 2025 year, Extreme Networks’ revenue was up 2 percent year over year to $1.14 billion. The company posted non-GAAP diluted earnings per share of 84 cents, compared with non-GAAP diluted earnings per share of 33 cents last year.

“Heading into the new fiscal year, our outlook is for a reacceleration of overall revenue growth on a full-year basis, which we expect to translate to higher earnings and cash flow,” said Extreme Networks Executive Vice President and CFO Kevin Rhodes.

The company attributed its booking strength to certain verticals in 2025, including government and K-12 education, which made up about 40 percent of the year’s revenue. Meanwhile, manufacturing, health care, hospitality and venues each attributed about 10 percent of the company’s bookings for the year.