Netlist Inc.
- NLST · OTC
- Semiconductors & Related Devices
- Irvine, CA
- 72 employees
- CIK 0001282631
Updated from SEC filings through
Top things to know
Executives
- Chun K. Hong President, CEO and Chairman 4, 2026-07-17
- Gail M. Sasaki EVP and CFO 4, 2026-08-19
What leadership is saying
“Netlist delivered its second consecutive quarter of significant revenue growth and improved profitability”
Earnings press release (8-K Ex. 99.1), filed July 30, 2026
Netlist Inc is a U.S. public company in semiconductors & related devices (SIC 3674), headquartered in Irvine, CA. It trades as NLST on OTC. Revenue was $189M in the fiscal year ending December 27, 2025, +28.2% from the year before. It reported about 72 employees. Chun K. Hong is President, CEO and Chairman.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $189M 10-K, 2026-03-19 | $147M 10-K, 2026-03-19 | $69.2M 10-K, 2025-03-28 | $162M 10-K, 2024-02-23 | $142M 10-K, 2024-02-23 |
| Operating income | -$25.5M 10-K, 2026-03-19 | -$55.2M 10-K, 2026-03-19 | -$61.8M 10-K, 2025-03-28 | -$33.5M 10-K, 2024-02-23 | $11.4M 10-K, 2024-02-23 |
| SG&A | $13.2M 10-K, 2026-03-19 | $12.1M 10-K, 2026-03-19 | $12.4M 10-K, 2025-03-28 | $14.3M 10-K, 2024-02-23 | $10.8M 10-K, 2024-02-23 |
| Net income | -$24.8M 10-K, 2026-03-19 | -$53.9M 10-K, 2026-03-19 | -$60.4M 10-K, 2025-03-28 | -$33.4M 10-K, 2024-02-23 | $4.8M 10-K, 2024-02-23 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Chun K. Hong | President, CEO and Chairman | 4, 2026-07-17 |
| Gail M. Sasaki CFO at Netlist, Inc | EVP and CFO | 4, 2026-08-19 |
What Netlist Inc does
We are a leading innovator in advanced memory and storage solutions. With a rich portfolio of patented technologies, our inventions are foundational to the advancement of artificial intelligence (“AI”) computing.
Item 1. Business, 10-K for the year ending December 27, 2025
Shares and governance
| Shares outstanding | 349.6 million (as of August 6, 2026) | 10-Q, August 11, 2026 |
|---|---|---|
| Public float | $189M (as of June 27, 2025) | 10-K, March 19, 2026 |
| Reportable segments | 1 (period ending June 27, 2026) | 10-Q, August 11, 2026 |
| Latest proxy statement | Meeting September 18, 2026 (filed July 31, 2026) | DEF 14A, July 31, 2026 |
| Auditor | Macias Gini & O’Connell LLP (Irvine, California) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 17, 2026 | Gail M. Sasaki EVP and CFO | Sale | 100,000 | $691K | Form 4, August 19, 2026 |
| August 12, 2026 | Gail M. Sasaki EVP and CFO | Sale | 25,000 | $112K | Form 4, August 14, 2026 |
| August 5, 2026 | Gail M. Sasaki EVP and CFO | Sale | 25,000 | $100K | Form 4, August 7, 2026 |
| June 8, 2026 | Chun K. Hong President, CEO and Chairman | Sale | 40,000 | $109K | Form 4, June 9, 2026 |
| May 15, 2026 | Gail M. Sasaki EVP and CFO | Sale | 8,876 | $23K | Form 4, May 19, 2026 |
| May 11, 2026 | Gail M. Sasaki EVP and CFO | Sale | 25,000 | $87K | Form 4, May 13, 2026 |
| April 23, 2026 | Jun Cho Director | Sale | 20,000 | $42K | Form 4, April 24, 2026 |
| April 22, 2026 | Blake Welcher Director | Sale | 37,500 | $75K | Form 4, April 24, 2026 |
Recent 8-K events
- 8-K filed 2026-10-06
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- Item 8.01 Other events
- 8-K filed 2026-09-21
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-08-05
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- Item 8.01 Other events
- 8-K filed 2026-07-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-02
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-05-12
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-09
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-03-03
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-11-06
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-10-07
- Item 1.01 Entry into a material definitive agreement
- Item 3.03 Material modification to rights of security holders
- Item 8.01 Other events
Frequently asked questions about Netlist Inc
- What does Netlist Inc do?
- In its own words, from Item 1 of its 10-K: "We are a leading innovator in advanced memory and storage solutions. With a rich portfolio of patented technologies, our inventions are foundational to the advancement of artificial intelligence (“AI”) computing."
- What is Netlist Inc's revenue?
- $189M for the fiscal year ending December 27, 2025, from its 10-K filed March 19, 2026.
- Is Netlist Inc profitable?
- Netlist Inc reported net income of -$24.8M for the fiscal year ending December 27, 2025.
- How many employees does Netlist Inc have?
- About 72 as of December 27, 2025, as stated in its annual report.
- Who is the CEO of Netlist Inc?
- Chun K. Hong, President, CEO and Chairman, as named in a 4 filed July 17, 2026.
- Who is the CFO of Netlist Inc?
- Gail M. Sasaki, EVP and CFO, as named in a 4 filed August 19, 2026.
- Where is Netlist Inc headquartered?
- Irvine, CA.
- What is Netlist Inc's stock ticker?
- NLST on OTC.
- What industry is Netlist Inc in?
- Semiconductors & Related Devices, SIC code 3674.
- What is Netlist Inc's website?
- netlist.com. Investor relations: https://investors.netlist.com/.
- When does Netlist Inc report earnings next?
- November 14, 2026. Source: estimate_10q_cadence.
- Is Netlist Inc a public company?
- Yes. Netlist Inc files with the SEC under CIK 0001282631 and trades as NLST.
- Who audits Netlist Inc?
- Macias Gini & O’Connell LLP, Irvine, California, as named in its latest annual report (10-K).
- How many shares of Netlist Inc are outstanding?
- 349.6 million shares as of August 6, 2026, from its 10-Q filed August 11, 2026.
- What is Netlist Inc's public float?
- $189M as of June 27, 2025, as reported on the cover of its 10-K filed March 19, 2026.
- How many business segments does Netlist Inc report?
- 1 reportable segment for the period ending June 27, 2026, from its 10-Q filed August 11, 2026.
- When is Netlist Inc's annual shareholder meeting?
- September 18, 2026, per its proxy statement (DEF 14A) filed July 31, 2026.
- Have Netlist Inc insiders traded stock recently?
- Since January 5, 2026, officers and directors reported 13 open-market sales worth about $2.1M and 0 purchases on Forms 4 and 5. The most recent: Gail M. Sasaki (EVP and CFO) sold 100,000 shares on August 17, 2026.