Harmonic Inc. balance sheet

At the end of fiscal 2025, Harmonic Inc. had total assets of $718m, total liabilities of $335m and shareholders' equity of $383m. It held $124m in cash against $112m of debt: net cash of $12.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Harmonic Inc.: balance sheet, annual
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	LTMJul 2026
Cash and equivalents	152	97	91	97	90	73	126	56	57	66	93	99	133	90	84	101	124	232
Receivables	65	102	110	86	75	74	70	87	70	82	89	66	89	108	142	144	86	90
Inventory	35	58	71	64	37	33	39	41	26	26	29	35	71	121	84	43	48	66
Total current assets	418	349	392	397	329	233	286	217	172	197	251	238	323	345	331	565	494	417
Goodwill	64	212	212	213	198	198	198	237	243	241	240	244	240	238	61	61	61	61
Total assets	556	720	734	718	606	481	525	554	508	511	587	592	694	710	768	797	718	633
Accounts payable	22	26	31	25	22	15	19	29	33	34	41	24	64	67	39	28	23	39
Deferred revenue (current)	33	46	33	33	27	39	34	52	52	42	37	54	57	62	46	14	32	21
Total current liabilities	93	131	113	103	85	90	85	145	142	136	192	147	224	322	272	192	198	137
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2	3	3
Long-term debt	—	—	—	—	—	—	0	19	22	20	17	22	18	16	0	112	109	108
Total debt	0	0	0	0	0	0	98	111	116	122	132	130	136	114	120	119	112	111
Total liabilities	149	200	170	164	112	109	197	283	290	283	332	333	397	386	331	331	335	272
Shareholders' equity	407	520	564	553	494	372	328	272	230	230	252	258	296	325	437	465	383	360
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	−11	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	−152	−97	−91	−97	−90	−73	−28	55	59	56	39	31	2	24	36	18	−12	−121
Shares outstanding	96m	112m	116m	114m	99m	88m	76m	78m	83m	87m	92m	98m	103m	110m	112m	117m	111m	109m

US$ millions unless shown otherwise. Fiscal quarters.

Harmonic Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Apr 2026	2026 Q2Jul 2026
Receivables	174	144	99	121	105	86	83	90
Inventory	74	43	62	71	69	48	51	66
Total current assets	336	565	341	343	327	494	485	417
Goodwill	240	61	238	242	242	61	61	61
Total assets	760	797	774	783	759	718	705	633
Accounts payable	42	28	27	41	23	23	35	39
Deferred revenue (current)	51	14	51	51	50	32	30	21
Total current liabilities	162	192	165	172	157	198	214	137
Short-term debt	—	2	—	3	3	3	3	3
Long-term debt	113	112	111	111	110	109	108	108
Total debt	113	114	111	113	113	112	111	111
Total liabilities	331	331	328	337	316	335	350	272
Shareholders' equity	429	465	446	446	443	383	355	360
Shares outstanding	117m	117m	115m	113m	112m	111m	108m	109m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Harmonic Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Harmonic Inc.