Newegg is a U.S.-based e-commerce retailer focused on consumer electronics and IT products, targeting tech-savvy consumers — PC builders, gamers, IT professionals, and early adopters — as well as business customers via its NeweggBusiness.com platform. Newegg sells computers, components (CPUs, GPUs, motherboards, storage), peripherals, gaming hardware, networking equipment, and adjacent categories like smart home and home appliances. Newegg operates through two sales models: direct sales, where Newegg buys inventory from manufacturers and distributors and resells it at a markup (~78% of GMV), and a third-party Marketplace where over 5,100 sellers list products and Newegg earns commissions of 8-15% on sales (~22% of GMV). The Marketplace is a higher-margin, asset-light channel since Newegg takes no inventory risk. Beyond retail, Newegg earns ancillary revenue from third-party logistics services (warehousing and fulfillment via Shipped by Newegg and Newegg Logistics), marketing services sold to brand partners and Marketplace sellers, and two private label brands — Rosewill (components, accessories, peripherals) and ABS (gaming PCs). The business is concentrated in North America, with the U.S. as the primary market and Canada as a secondary one. Newegg operates fulfillment centers in Southern California, Indiana, and Ontario, Canada, designed to reach over 98% of the North American population within three business days. The business is seasonal, with a meaningful Q4 spike driven by holiday demand.