Calix, Inc income statement
In fiscal 2025, Calix, Inc reported revenue of $1.00bn, up 20.3% on the year before, operating income of $21.0m (a 2.1% margin) and net income of $17.9m, or $0.26 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 233 | 287 | 345 | 330 | 383 | 401 | 407 | 459 | 510 | 441 | 424 | 541 | 679 | 868 | 1,040 | 832 | 1,000 | 1,111 |
| Cost of revenue | 156 | 174 | 225 | 193 | 212 | 223 | 217 | 258 | 337 | 244 | 236 | 274 | 323 | 432 | 521 | 378 | 432 | 482 |
| Gross profit | 77 | 113 | 119 | 138 | 171 | 178 | 190 | 201 | 173 | 197 | 188 | 267 | 357 | 435 | 518 | 454 | 568 | 629 |
| Research and development | 46 | 55 | 68 | 67 | 79 | 80 | 90 | 107 | 128 | 90 | 81 | 85 | 102 | 132 | 178 | 180 | 190 | 208 |
| Selling and marketing | 33 | 42 | 56 | 62 | 68 | 76 | 79 | 84 | 83 | 86 | 83 | 94 | 126 | 175 | 215 | 218 | 249 | 253 |
| General and administrative | 16 | 28 | 27 | 26 | 32 | 31 | 38 | 42 | 40 | 41 | 37 | 44 | 56 | 76 | 100 | 99 | 108 | 107 |
| Operating income | −19 | −17 | −52 | −29 | −18 | −20 | −27 | −28 | −82 | −19 | −15 | 37 | 74 | 53 | 26 | −43 | 21 | 61 |
| Interest expense | 4 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | −23 | −18 | −52 | −28 | −17 | −20 | −26 | −27 | −82 | −19 | −17 | 34 | 73 | 54 | 35 | −32 | 34 | 73 |
| Income tax | −0 | 0 | 0 | 0 | −0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | −166 | 13 | 5 | −2 | 16 | 21 |
| Net income | −26 | −19 | −53 | −28 | −17 | −21 | −26 | −27 | −83 | −19 | −18 | 33 | 238 | 41 | 29 | −30 | 18 | 51 |
| Diluted EPS | −$6.48 | −$0.65 | −$1.15 | −$0.59 | −$0.35 | −$0.41 | −$0.51 | −$0.56 | −$1.66 | −$0.37 | −$0.32 | $0.54 | $3.51 | $0.60 | $0.42 | −$0.45 | $0.26 | $0.73 |
| Diluted shares (average) | — | 30m | 46m | 48m | 49m | 51m | 51m | 49m | 50m | 53m | 55m | 62m | 68m | 69m | 69m | 66m | 69m | 70m |
| EBITDA | −14 | −12 | −44 | −20 | −8 | −11 | −16 | −20 | −71 | −9 | −5 | 51 | 89 | 67 | 42 | −23 | 39 | 79 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 201 | 206 | 220 | 242 | 265 | 272 | 280 | 293 |
| Cost of revenue | 91 | 93 | 98 | 106 | 113 | 115 | 121 | 133 |
| Gross profit | 110 | 113 | 123 | 136 | 152 | 157 | 159 | 160 |
| Research and development | 45 | 46 | 44 | 46 | 47 | 54 | 55 | 53 |
| Selling and marketing | 52 | 59 | 58 | 64 | 60 | 67 | 63 | 62 |
| General and administrative | 23 | 27 | 27 | 26 | 27 | 28 | 28 | 23 |
| Operating income | −11 | −19 | −6 | 0 | 17 | 9 | 13 | 22 |
| Income before tax | −8 | −16 | −3 | 3 | 20 | 13 | 15 | 24 |
| Income tax | −4 | 2 | 2 | 4 | 5 | 6 | 4 | 6 |
| Net income | −4 | −18 | −5 | −0 | 16 | 7 | 11 | 17 |
| Diluted EPS | −$0.06 | −$0.27 | −$0.07 | $0.00 | $0.22 | $0.11 | $0.16 | $0.26 |
| EBITDA | −6 | −14 | −2 | 5 | 22 | 14 | 17 | 26 |
Compare with peers
- Adtran Holdings, Inc. income statement
- Extreme Networks Inc income statement
- Netscout Systems Inc income statement
- Ribbon Communications Inc. income statement
- Netgear, Inc. income statement
Head to head: ADTN vs CALXCALX vs EXTRCALX vs NTCT
More: Communications Equipment stocks compared, Technology sector, rankings of US companies