What changed in this filing

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Item 1. Business

2025-02-27 compared with 2024-02-29 · 75 added, 85 removed, 212 unchanged (43% of the section changed)

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(“we” or “Arlo”) is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security services that combine a globally scaled cloud platform, advanced monitoring and analytics capabilities, and award-winning app-controlled devices to create a personalized security ecosystem.

Arlo’s deep expertise in cloud services, cutting-edge AI and computer vision analytics, wireless connectivity and intuitive user experience design delivers seamless, smart home security for Arlo users that is easy to setup and engage with every day.

Arlo’s deep expertise in cloud services, cutting-edge artificial intelligence (“AI”) and computer vision analytics, wireless connectivity and intuitive user experience design delivers seamless, smart home security for Arlo users that is easy to setup and engage with every day.

Our highly secure, cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection – all rooted in a commitment to safeguard privacy for our users and their personal data.

To date, we have launched subscription services such as Arlo Secure, Arlo Total Security, and Arlo Safe, and several categories of award-winning smart security devices, including smart Wi-Fi and LTE-enabled cameras, video doorbells, floodlight cameras and home security systems.

In addition, Arlo’s broad compatibility allows the platform to seamlessly integrate with third-party internet-of-things (“IoT”) products and protocols, such as Amazon Alexa, Apple HomeKit, Apple TV, Google Assistant, IFTTT, Stringify and Samsung SmartThings.

We plan to continue to introduce new smart security devices to the Arlo platform both in cameras and other categories, increase the number of registered accounts on our platform, keep them highly engaged through our mobile app and generate incremental recurring revenue by offering them paid subscription services.

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These premium services boast support for unlimited household security devices, along with advanced AI object detection, and smarter, more interactive notifications.

Additionally, the new 24/7, one-touch Emergency Response is available with the Secure Plus and Safe and Secure Pro plans, enabling Arlo users to directly dispatch first responders during an emergency for quicker action.

Additionally, the 24/7, one-touch Emergency Response is available with the Secure Plus and Premium plans, enabling Arlo users to directly dispatch first responders during an emergency for quicker action.

A trial period of Arlo Secure is provided with various Arlo cameras, home security, and doorbell products.

The features of Arlo Secure subscriptions include:

• Emergency Response (Secure Plus plan) – With one touch in the Arlo Secure App, users can directly dispatch fire, police, or medical responders to the camera’s location.

• AI-powered Recognition and Detection – Leveraging advanced computer vision AI and recognition engines, Arlo Secure 5 provides more meaningful, detailed alerts so users can make informed decisions about their security and safety.

Users can train Arlo AI to create personalized, custom detections to protect what matters most and can teach Arlo camera to recognize certain objects or changes in view to trigger custom notifications.

• Emergency Response – With one touch in the Arlo Secure App, users can directly dispatch fire, police, or medical responders to the camera’s location.

If directed by the user, Arlo’s Emergency Response team can also provide critical location information to responders en route to better prepare them, such as gate codes, medical conditions of family members, and pet details.

• 2K (Secure plan) and 4K (Secure Plus plan) Cloud-based Video Recording – View 30 days of recordings securely stored on Arlo’s SmartCloud platform, for ultimate peace of mind and protection even if the device is damaged or stolen in a break-in, storm or other physical incident.

• 2K and 4K Cloud-based Video Recording – View 30 days of recordings securely stored on Arlo’s SmartCloud platform, for ultimate peace of mind and protection even if the device is damaged or stolen in a break-in, storm or other physical incident.

• Unlimited Cameras – Users can enjoy Arlo Secure service for all cameras in their home with one all-encompassing plan and can add newly purchased Arlo cameras for no additional service charge.

• Advanced Object Detectio n – Arlo processes and filters 200 million events each day through advanced object detection backed by visual artificial intelligence, allowing for better recognition of people, packages, vehicles, and animals to add key context to notifications and reduce unwanted alerts.

• Advanced Object Detectio n – Arlo processes and filters approximately 195 million events each day through advanced object detection backed by visual AI, allowing for better recognition of people, packages, vehicles, and animals to add key context to notifications and reduce unwanted alerts.

• Smart Interactive Notifications – Users can take quicker action by responding to rich notifications or viewing an animated preview of a notification video through the lock screen on their smartphone.

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• 24/7 Priority Support – Users get priority technical support through the in-app Help Center with omnichannel access to phone, chat, Community or self-help articles.

• 24/7 Professional Monitoring (Secure Pro plan) – Users have access to Live Security Experts who swiftly assist in an emergency, regardless of whether a user is home or away.

• 24/7 Professional Monitoring – Users have access to Live Security Experts who swiftly assist in an emergency, regardless of whether a user is home or away.

Through Emergency Response, live agents can access authorized camera video to verify emergencies, potentially reducing false alarms, expediting response from emergency personnel in a crisis.

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Arlo SmartCloud is a fully managed robust global platform built for security, scalability, and reliability that can be deployed as part of advanced subscription services for hardware companies, automotive companies, service providers, insurance companies, home builders, smart communities, smart cities, traditional security companies, and other related verticals.

Our services also include certain development services provided to Verisure under a Non-recurring Engineering arrangement, including development of certain custom products specified by Verisure.

Smart Security Devices

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Arlo Home Security System , released in the fourth quarter of 2022, is a first-of-its-kind smart security system featuring the Arlo All-in-One Multi-Sensor capable of eight different sensing functions.

The system, which is managed through the Arlo Secure App, pairs with Arlo's new 24/7 Professional Monitoring service, granting one-tap access to highly trained Security Experts who monitor and respond to emergency situations.

The system, which is managed through the Arlo Secure App, pairs with Arlo’s 24/7 Professional Monitoring service, granting one-tap access to highly trained Security Experts who monitor and respond to emergency situations.

Able to be placed anywhere, from walls to windows and doors, to under sinks and water heaters, the simple-to-install wireless multi-sensor can detect motion, door/window openings and tilt, water leaks, freezing temperatures, lighting changes and T3/T4 smoke/CO alarm audio sirens.

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The latest addition to the award-winning Pro series, Pro 5S boasts tri-band connectivity - operating via dual-band Wi-Fi and Arlo SecureLink technology.

Pro 5S is backed by the Arlo Secure App which features an all-new, highly intuitive interface that streamlines access to critical tools like Emergency Response.

Pro 5S is backed by the Arlo Secure App which features an all-new,

highly intuitive interface that streamlines access to critical tools like Emergency Response.

Since Pro 5S operates on the lowest power band when in sleep mode, users will appreciate significant battery life improvements.

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Arlo Ultra 2, released in the second quarter of 2020, is designed to deliver an enhanced user experience with improved range, building on advanced features such as 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects with clarity and detail, color night vision allowing the user to see video in color rather than traditional black and white, built-in siren that is automatically triggered by motion or audio, or manually triggered via the Arlo App and more.

Arlo Ultra 2 works with Amazon Alexa, Google Assistant, Apple Homekit, and IFTTT for easy interaction, automation and control.

Arlo Ultra 2 works with Amazon Alexa, Google Assistant, and Apple Homekit for easy interaction, automation and control.

Arlo Floodlight Camera , released in the first quarter of 2020, is the first wire-free floodlight camera on the market.

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The floodlight camera also offers three different light patterns – constant, flashing, and pulsating – which users can control manually on-demand or via automation rules.

In the third quarter of 2024, we also released the all-new wired floodlight camera, which brings crystal clear details with 2K HDR video and a 160-degree field of view.

It has an adjustable camera and ultra-bright 2000 lumen articulating floodlights for flexible coverage where it is needed.

The wired floodlight works with Amazon Alexa and Google Home for easy interaction, automation, and control.

Arlo Accessories

Security System Accessories provide added functionality to the Arlo Security System for added peace of mind.

Security System Accessories provide added functionality to the Arlo Security System for greater peace of mind.

The Wire-Free Outdoor Siren extends protection outside of the home with a loud wire-free siren featuring a weather-resistant design, built-in strobe and adjustable volume settings.

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Verisure is the exclusive distributor of our products in Europe for all retail channels and direct channels in connection with Verisure’s security business.

During the five-year period that commenced on January 1, 2020, Verisure has an aggregate purchase commitment of $500.0 million.

As of December 31, 2023, $469.8 million of the purchase commitment has been fulfilled.

Based on the Supply Agreement with Verisure, a purchase obligation is not deemed to exist until we receive and accept Verisure’s purchase order.

As of December 31, 2023, we had a backlog of $52.3 million which represents performance obligations that will be recognized as revenue once fulfilled, which is expected to occur over the next twelve months.

On April 25, 2024, Verisure notified us that it was exercising its right under the Supply Agreement to extend the term for another five years (through November 2029) with no minimum purchase obligations.

Under the Supply Agreement, a purchase obligation is not deemed to exist until we receive and accept Verisure’s purchase order.

As of December 31, 2024, we had a backlog of $33.5 million which represents performance obligations that will be recognized as revenue once fulfilled, which is expected to occur over the next six months.

We believe we are well-positioned to compete within the broader smart security market, both within and beyond the home as we continue to launch new product lines and services on our highly secure, globally-scaled platform.

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consumer network connected camera systems market, best-in-class technology, direct relationship with users and user engagement, trusted Arlo platform, strong Arlo brand and channel partners and deep strategic partnerships with key suppliers, such as Infineon Technologies AG, OmniVision Technologies Inc., Realtek and Qualcomm Incorporated.

Moreover, our focus on building a smart security platform, combined with our leadership in innovation in the consumer network connected camera systems

market, has led to the strength of our Arlo brand worldwide.

We believe this focus allows us to compete favorably with companies that have introduced or have announced plans to introduce smart security devices or services.

Moreover, our focus on building a smart security platform, combined with our leadership in innovation in the consumer network connected camera systems market, has led to the strength of our Arlo brand worldwide.

We believe this focus allows us to compete favorably with

companies that have introduced or have announced plans to introduce smart security devices or services.

Nevertheless, the smart security market remains highly competitive, and has a multitude of participants, including:

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security service vendors, such as ADT;

telecom service providers, such as AT&T and Comcast;

telecom service providers, such as AT&T, Verizon and Comcast;

and other companies, such as TP Link, Eufy and Wyze.

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Our operations teams based in the United States, Ireland, Taiwan, and Vietnam coordinate with our manufacturers’ engineering, manufacturing and quality control personnel to develop the requisite manufacturing processes, quality checks and testing and general oversight of the manufacturing activities.

believe this model has enabled us to quickly and efficiently deliver high-quality and innovative products, while enabling us to minimize costs and manage inventory.

We believe this model has enabled us to quickly and efficiently deliver high-quality and innovative products, while enabling us to minimize costs and manage inventory.

Our products are manufactured and packaged for retail sale by our manufacturers mostly in Vietnam, Thailand, and Indonesia, and shipped to our logistics hubs located in the United States, Hong Kong, and Australia.

Our operations team coordinates with our manufacturers to ensure that the shipment of our products from the manufacturers to these logistics hubs meets customer demand.

Arlo Cloud Engineering Operations

We currently serve our users from third-party data center hosting facilities.

Our cloud platform runs in data centers in the United States and a data center in Ireland to serve our European Union users.

We also utilize data centers in Singapore and Australia.

We have designed our cloud environments to be highly resilient with built-in redundancy and provide failover to other data centers in our network.

Our marketing programs are focused on building global brand awareness, increasing product adoption and driving sales.

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As our installed base continues to grow in new geographies, categories and technologies, we will continue to focus on building a scalable support infrastructure that enables our users to engage with us through the channel that is most convenient and efficient for their needs.

Arlo Cloud Engineering Operations

We currently serve our users from third-party data center hosting facilities.

Our cloud platform runs in data centers in the United States and a data center in Ireland to serve our European Union users.

We also utilize data centers in Singapore and Australia.

We have designed our cloud environments to be highly resilient with built-in redundancy and provide failover to other data centers in our network.

Fiscal Periods

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Under the fiscal quarter basis, each of the first three fiscal quarters ends on the Sunday closest to the calendar quarter end, with the fourth quarter ending on December 31.

Historically, we have generated higher product revenue in the third and fourth quarters of each year compared to the first and second quarters due to seasonal demand from consumer markets, primarily relating to the beginning of the school year and the holiday season.

For example, for the years ended December 31, 2023, 2022 and 2021, our third and

fourth quarters collectively represented 54.0%, 50.3% and 58.4%, respectively, of our revenue for such years.

Therefore, timely and effective product introductions are critical to our results of operations.

Intellectual Property

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We also pursue the registration of our domain names and trademarks and service marks in the United States and in certain locations outside the United States.

We currently have seven registered trademarks and three pending trademark applications in the United States, as well as 80 registered trademarks and 25 pending trademark applications outside of the United States.

We currently have six registered trademarks and six pending trademark applications in the United States, as well as 82 registered trademarks and 25 pending trademark applications outside of the United States.

We currently hold trademark registrations for “ARLO” in 13 countries:

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Our products and manufacturing processes are subject to numerous governmental regulations, which cover both the use of various materials and environmental concerns.

Environmental issues such as pollution and climate change have had significant legislative and regulatory efforts on a global basis, and there are expected to be additional changes to the regulations in these areas.

Environmental issues such as pollution and climate change have had significant legislative and regulatory efforts on a global basis, and there are additional changes to the regulations in these areas in the upcoming years.

These changes could directly increase the cost of energy, which may have an impact on the way we manufacture products.

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To the best of our knowledge, we maintain compliance with all current government regulations concerning our production processes for all locations in which we operate.

Since we operate on a global basis, this is also a complex process that requires continual monitoring of regulations and an ongoing compliance process to ensure that we and our suppliers are in compliance with all existing regulations.

Since we operate on a global basis, this is also a complex process that requires continual monitoring of regulations and we have an internal group focused on monitoring our compliance process to ensure that we and our suppliers are in compliance with all existing regulations.

Environmental, Social, and Governance

We believe responsible and sustainable business practices support our long-term success.

As a company, we are deeply committed to protecting and supporting our people, our environment, and our communities.

That commitment is reflected through various corporate initiatives as well as day-to-day activities, including our adoption of sustainability-focused policies and procedures, our publicly recognized focus on fostering an inclusive workplace, our constant drive toward more efficient use of materials and energy, our careful and active management of our supply chain, our services and products which help reduce carbon footprints and enhance road safety, and our impactful and globally integrated ethics and compliance program.

We believe that responsible and sustainable business practices support our long-term success.

As a company, we are deeply committed to protecting all stakeholders including support of our employees, our environment, and our communities.

That commitment is reflected through various corporate initiatives as well as day-to-day activities, including our adoption of sustainability-focused policies and procedures, our publicly recognized and award-winning focus on fostering an inclusive workplace, our constant drive toward more efficient use of materials and energy, our careful and active management of our supply chain, our services and products which help reduce carbon footprints and enhance road safety, and our impactful and globally integrated ethics and compliance program.

Our adoption of environmental, social and governance (“ESG”) practices is based on several principles that help position our business for long-term, sustainable success.

We believe a holistic ESG approach creates competitive advantages over business rivals as our partners, suppliers, and customers increasingly look to build relationships with companies that boast sustainable and adaptable business operations.

We believe a holistic ESG approach creates competitive advantage over business rivals as our partners, suppliers, and customers increasingly require relationships with companies that boast sustainable and adaptable business operations.

Environmental

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This commitment continues to be a driving force at our company, and a principle that is deeply ingrained in our values.

As we continue to further implement our ESG and Sustainability program, we have experienced an improvement in our management of our environmental practices.

Our environmental programs have received low-risk ratings from prominent ESG ratings agencies, demonstrating our continued efforts to integrate ESG into our business.

We strive for continuous improvement by establishing internal targets and timelines to improve our carbon footprint which we expect will help improve our risk ratings even further.

As we continue to further expand our ESG and Sustainability program, we have driven an improvement in our management of our environmental practices.

We strive for continuous improvement by establishing internal targets and

timelines to improve our carbon footprint which we expect will help improve our risk ratings even further.

Additionally, our engagement with the various stakeholders including ESG rating agencies, have enabled us to expand the scope of analysis in our annual ESG reporting to our external stakeholders.

We believe in fostering a culture of fairness and inclusion both within our company and throughout our supplier network.

We believe in fostering a culture of fairness and inclusion within our company and with our partners.

We prioritize open communication and collaboration with our employees and partners to address any concerns related to recruitment, working hours, compensation, discrimination, and the freedom to associate.

By working closely together, we strive to create a welcoming and respectful work environment, both within our organization and beyond, promoting equal and humane treatment both within our company as well as at our suppliers.

We work with our employees and partners closely to resolve any issues with respect to recruitment, working hours, compensation, discrimination, and freedom of association, hence ensuring a respectable working environment internally and externally.

We believe we can play a crucial role in driving positive social change and, in our commitment to the humane treatment of employees globally, we have continued to administer our Conflict Mineral Program.

All of our employees and our ODMs are expected to follow the requirements of the Conflict Minerals Program, improve employee practices, and maintain tight control over supply chain relationships to ensure compliance in accordance with the Organization for Economic Co-operation and Development (“OECD”).

By collaborating closely, we have created a welcoming and respectful work environment at Arlo and beyond, promoting equal and humane treatment within our company as well as at our partners.

We believe we can play a crucial role in driving positive social change and, in our commitment to humane treatment globally, we have continued to administer our Conflict Mineral Program.

All of our employees and our Original Design Manufacturers (“ODMs”) are expected to follow the requirements of the Conflict Minerals Program, improve employee practices, and maintain tight control over supply chain relationships to ensure compliance in accordance with the Organization for Economic Co-operation and Development (“OECD”).

In addition, we have a zero tolerance policy for both forced labor and human trafficking.

In an effort to support the California Transparency in Supply Chains Act of 2010 (“SB657”) and to confront slavery, we have committed to assess risks related to our supply chain and our direct commercial suppliers and to evaluate suppliers’ compliance with the Arlo Technologies Supplier Code of Conduct via periodic audits.

We are committed to fostering a diverse and inclusive workplace by implementing policies and programs that promote diversity in hiring, provide equal opportunities for career advancement, and create a supportive environment for underrepresented groups.

Our commitment to inclusion and diversity has resulted in a significant increase in the total number of women in our workforce, a sizable uptick in the number of Women in Tech, and a meaningful rise in the number of women in leadership roles.

We continue to seek opportunities to ensure we are bringing in diverse viewpoints to the conversation, because we believe those efforts support a long-term and sustainable track record of operational success.

We are committed to fostering an inclusive workplace by implementing policies, norms, and programs that reflect the voice of all of our employees.

We provide equal opportunities for career advancement with access available to all employees.

Our work environment is supportive with many well-being initiatives aimed at creating a safe workplace for all.

We continue to seek opportunities to ensure we are incorporating a wide range of viewpoints to decision making, because we believe those efforts support a long-term and sustainable track record of operational success.

We prioritize the well-being of employees by offering comprehensive benefits, promoting work-life balance, providing mental health support, and fostering a culture that values employee health and professional development.

We believe another measure of success is having a positive impact on community stakeholders.

Our leadership team and employees have made the commitment to work closely with local charities in their communities to support philanthropic initiatives, such as fundraising for humanitarian crises and working with young people with autism and other learning difficulties.

Charitable giving is a core part of our community outreach and we expect to continue those efforts.

Another action we have undertaken in community empowerment is supporting minority businesses and local suppliers.

We are committed to supporting marginalized communities, including racial and ethnic minorities, LGBTQ+ individuals, refugees and immigrants, by advocating for their rights and providing resources and support.

We strive to have a positive impact on the local communities where we have offices.

Our leadership team and employees have committed to work closely with local charities in their communities to support philanthropic initiatives, such as fundraising for humanitarian crises and working with young people with autism and other learning difficulties.

Charitable giving is a core part of our community outreach.

We make a purposeful effort to support local small businesses and local suppliers in certain of our purchasing decisions.

We are committed to providing customers with high quality products that comply with regulatory laws, directives, standards and industry regulations.

Our products, including Verisure's Arlo branded products, go through rigorous testing and certification processes to achieve regulatory compliance.

Ethics are a key element in our Corporate Social Responsibility Program.

Our Code of Ethics serves as a foundation of our corporate governance policy and provides guidance on standard business conduct for all of our employees and partners.

Ethics is a key foundational element in our Corporate Social Responsibility Program.

Our Code of Ethics is at the core of our corporate governance policy and provides guidance on standard business conduct for all of our employees and partners.

We demonstrate transparency and accountability, which are core components of our business, in our corporate governance, decision-making processes, and reporting practices, including regular disclosure of social and environmental impact metrics and engagement with stakeholders.

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We are committed to ethical practices in the development and deployment of technology, including responsible data handling, protection of user privacy, and avoidance of harmful applications such as surveillance or discrimination algorithms.

Data privacy is a point of emphasis within our organization and is critical to our competitive differentiation.

We believe the customer data belongs to the customer, and we only use that data to improve their safety and security.

Without an effective and efficient management system, we would not be able to optimize the value of the Corporate Social Responsibility Program and fulfill our responsibility as a loyal global citizen.

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Human Capital Resources

Our human capital measures and objectives, which are used to drive our business results focus on our talent and culture as we look to develop the Arlo workforce for the future.

We nurture our talent through carefully crafted processes that build effective compensation arrangements and drive culture and purpose at Arlo.

This then translates into our performance management and reward systems.

We aim to have the right people in the right roles at the right time to drive our business outcomes, ensuring top diverse talent for our critical roles.

We embed Diversity, Equity and Inclusion into our culture strategy.

It is a key pillar in our employee value proposition in line with our talent philosophy.

Other key pillars in our value proposition include providing an inclusive and flexible workplace and providing the right development opportunities.

We also believe in leadership excellence as we connect our group success with individual performance.

We strive to attract and retain exceptionally talented, diverse, and ethical employees, and we are proud of the culture we have built.

The human capital measures and objectives we employ to drive our business results focus primarily on our talent and culture as we look to develop the Arlo workforce for the future.

We nurture and develop our talent through carefully crafted processes and development opportunities that drive culture and performance at Arlo.

This then translates into our performance management and compensation and reward systems.

We aim to have the right people in the right roles at the right time to drive our business outcomes, ensuring top talent for our critical roles.

We embed fairness, equity and inclusion into our culture strategy.

Building a healthy workplace for our employees is key to our culture as we engage all of our employees who together are redefining how people protect and connect with what matters most.

We believe in leadership excellence as we connect our group success with individual performance.

We strive to attract and retain exceptionally talented and ethical employees from all backgrounds, and we are proud of the culture that we have built.

We continue to shape our desired experience, in line with the promised employee value proposition and desired culture to drive engagement and high performance.

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We believe that we maintain a great working relationship with our employees, as evidenced by our regular employee engagement surveys, and we have not experienced any labor disputes.

As of December 31, 2023, we had a total of 363 full-time employees, of which approximately 64% were based in the United States, and approximately 36% were based in other global regions.

Diversity, Equity and Inclusion

Diversity, Equity and Inclusion initiatives are integrated into every aspect of our people strategy as we plan to increase our organization ’ s diversity.

We want our employees’ voices to be heard and believe that when our workplace encourages employees to fully participate in an inclusive environment, we can provide high quality outcomes for our customers.

Arlo is proud to be an equal opportunity workplace.

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We aim to connect people from all backgrounds and beliefs and strive for a truly inclusive and collaborative working environment.

We have taken action alongside a group of more than 1,200 businesses in a collective commitment to make progress towards advancing diversity and inclusion in our workplace, communities, and country.

We value diversity and integrate it into our business by striving to ensure that our company is representative of the customers we serve and that inclusion is at the core of our workplace culture.

Our Chief Executive Officer signed the CEO Action for Diversity & Inclusion pledge, the largest CEO-driven business commitment to advance diversity and inclusion within the workplace to underscore our commitment.

By making this pledge, we go beyond accepting diversity and are committed to the following actions:

• Continue to cultivate our workplace to support open dialogue on complex, and sometimes difficult conversations about diversity and inclusion.

• Make unconscious bias education available to everyone.

• Share best known—and unsuccessful—actions.

• Create and share strategic inclusion and diversity plans with our board of directors in an effort to prioritize diversity and inclusion and to drive accountability in our organization.

For the third year running, we are partnering with the GEM Consortium (“GEM”).

GEM connects highly qualified students from underrepresented groups to STEM graduate programs with much-needed financial support that is often the deciding factor in pursuing graduate education.

We have welcomed a number of GEM interns at Arlo.

Arlo has built a healthy and fair workplace in which all of our employees can thrive.

We believe that high quality security solutions are developed by inclusive representative teams that are empowered to innovate responsibly.

We connect people from all backgrounds and beliefs and strive for an inclusive and collaborative working environment.

We host a number of events and days of observance with guest and internal speakers at Arlo.

Each Spring, for example, we hold a “Week of Understanding” with speakers on key diversity and inclusion topics.

Each year, we hold a “Month of Understanding” with speakers on a wide variety of topics.

These events provide a platform for dialogue and an opportunity for every employee to learn, discuss, and appreciate differences between colleagues as we grow to drive greater inclusion at Arlo and truly reflect the customers we serve.

We continually strive to be a deeply inclusive employer with diversity reflected in our teams.

We encourage employees to truly be themselves and thrive in an environment where their voices matter, differences are understood and valued, and where they are supported to express their unique ideas openly.

We encourage employees to truly be themselves and thrive in an environment where their voices matter, differences are understood and

valued, and where they are supported to express their unique ideas openly.

We aim to foster a highly engaged and energized workplace, where everyone is treated with dignity and respect and is excited to achieve more.

In addition to incorporating inclusion into our performance review process, we are also diversifying interview teams by adding a greater number of employees into the decision-making process.

Training on bridging diversity gaps has also been provided to employees to further drive an inclusive culture and build upon employee engagement.

As of December 31, 2024, we had a total of 360 full-time employees, of which approximately 63% were based in the United States, and approximately 37% were based in other global regions.

Compensation and Benefits

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We were incorporated in Delaware in January 2018.

Our principal executive offices are located at 2200 Faraday Ave., Suite #150, Carlsbad, California 92008, and our telephone number is (408) 890-3900.

Our principal executive offices are located at 5770 Fleet Street, Carlsbad, California 92008, and our telephone number is (408) 890-3900.

Our website is http://www.arlo.com.

Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to reports filed pursuant to Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) are available free of charge on our website as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities Exchange Commission (the “SEC”).

The contents of our website are not incorporated into this Annual Report.

The contents of or accessible through our website are not incorporated into this Annual Report.

Further, our references to the URLs for these websites are intended to be inactive textual reference only.

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Our website also provides a link to Section 16 filings which are available free of charge on the same day as such filings are made.

Information contained on these websites is not a part of this Annual Report on Form 10-K.

Information contained on or accessible through these websites is not a part of this Annual Report on Form 10-K.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business