Netlist Inc. reported a net loss of $7.0 million, or $0.02 per share, for the third quarter ended September 27, 2025, compared to a net loss of $9.4 million, or $0.04 per share, in the same period last year. For the nine months ended September 27, 2025, the net loss was $22.6 million, or $0.08 per share, down from $41.2 million, or $0.16 per share, in the prior year period. Operating expenses for the nine-month period decreased by 38%, or $17.0 million, compared to the previous year. As of September 27, 2025, Netlist had $20.8 million in cash, cash equivalents, and restricted cash, total assets of $56.3 million, a working capital deficit of $14.5 million, and a stockholders' deficit of $13.3 million. The company highlighted continued demand for DDR5 memory and actions taken with the U.S. International Trade Commission regarding its intellectual property.