Maxlinear, Inc income statement
In fiscal 2025, Maxlinear, Inc reported revenue of $468m, up 29.7% on the year before, operating income of −$127m (a -27.1% margin) and net income of −$137m, or −$1.58 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 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 69 | 72 | 98 | 120 | 133 | 300 | 388 | 420 | 385 | 317 | 479 | 892 | 1,120 | 693 | 361 | 468 | 661 |
| Cost of revenue | 17 | 22 | 27 | 37 | 47 | 51 | 145 | 158 | 212 | 176 | 149 | 266 | 397 | 470 | 308 | 166 | 202 | 277 |
| Gross profit | 34 | 47 | 45 | 61 | 73 | 82 | 155 | 230 | 208 | 209 | 168 | 213 | 496 | 650 | 386 | 195 | 266 | 383 |
| Research and development | 20 | 28 | 40 | 46 | 53 | 57 | 85 | 98 | 112 | 120 | 98 | 180 | 278 | 296 | 270 | 225 | 209 | 222 |
| Selling, general and administrative | 10 | 16 | 20 | 27 | 32 | 34 | 78 | 64 | 106 | 102 | 89 | 130 | 150 | 168 | 132 | 138 | 160 | 167 |
| Operating income | 5 | 4 | −15 | −13 | −12 | −9 | −44 | 63 | −22 | −19 | −22 | −101 | 65 | 180 | −38 | −223 | −127 | −6 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 14 | 11 | 13 | 13 | 10 | 11 | 11 | 10 | 10 |
| Income before tax | 5 | 4 | −15 | −13 | −12 | −9 | −43 | 64 | −34 | −33 | −32 | −115 | 48 | 174 | −64 | −239 | −141 | −15 |
| Income tax | 0 | −6 | 7 | 0 | 0 | −2 | −1 | 2 | −25 | −7 | −13 | −16 | 6 | 49 | 9 | 6 | −4 | 15 |
| Net income | 4 | 10 | −22 | −13 | −13 | −7 | −42 | 61 | −9 | −26 | −20 | −99 | 42 | 125 | −73 | −245 | −137 | −29 |
| Diluted EPS | $0.06 | $0.30 | −$0.68 | −$0.40 | −$0.37 | −$0.19 | −$0.79 | $0.91 | −$0.14 | −$0.38 | −$0.28 | −$1.35 | $0.53 | $1.55 | −$0.91 | −$2.93 | −$1.58 | −$0.32 |
| Diluted shares (average) | 12m | 29m | 33m | 33m | 34m | 36m | 53m | 68m | 66m | 68m | 71m | 73m | 80m | 81m | 81m | 84m | 87m | 92m |
| EBITDA | 5 | 5 | −12 | −10 | −9 | −4 | −3 | 90 | 45 | 60 | 44 | −25 | 157 | 261 | 33 | −169 | −83 | 32 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 92 | 96 | 109 | 126 | 136 | 137 | 169 | 218 |
| Cost of revenue | 41 | 42 | 47 | 55 | 58 | 58 | 71 | 90 |
| Gross profit | 51 | 54 | 62 | 72 | 79 | 79 | 98 | 128 |
| Research and development | 51 | 55 | 47 | 54 | 52 | 53 | 56 | 61 |
| Selling, general and administrative | 38 | 37 | 33 | 48 | 42 | 42 | 46 | 37 |
| Operating income | −41 | −46 | −25 | −41 | −15 | −17 | −4 | 30 |
| Interest expense | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 |
| Income before tax | −41 | −49 | −31 | −43 | −18 | −19 | −7 | 28 |
| Income tax | 17 | 1 | −4 | 2 | −3 | 26 | −8 | −1 |
| Net income | −58 | −50 | −27 | −45 | −15 | −45 | 2 | 29 |
| Diluted EPS | −$0.68 | −$0.58 | −$0.31 | −$0.52 | −$0.17 | −$0.52 | $0.02 | $0.30 |
| EBITDA | −29 | −35 | −19 | −36 | 2 | −6 | 1 | 36 |
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