← CALIX, INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $458.8m | $510.4m | $441.3m | $424.3m | $541.2m | $679.4m | $867.8m | $1.0b | $831.5m | $1.0b | |
| Revenue from Contract with Customer, Including Assessed Tax | $458.8m | $510.4m | $441.3m | $424.3m | $541.2m | $679.4m | $867.8m | $1.0b | $831.5m | $1.0b | |
| Cost of Revenue | $253.5m | $337.5m | $243.9m | $236.4m | $274.2m | $322.8m | $432.4m | $521.3m | $377.9m | $431.7m | |
| Gross Profit | $201.2m | $172.9m | $197.4m | $187.9m | $267.0m | $356.6m | $435.4m | $518.3m | $453.6m | $568.3m | |
| Operating Expenses | $229.3m | $254.4m | $215.9m | $203.3m | $230.2m | $282.6m | $382.8m | $492.7m | $496.6m | $547.3m | |
| Operating Income (Loss) | ($28.1m) | ($81.6m) | ($18.5m) | ($15.4m) | $36.8m | $73.9m | $52.6m | $25.6m | ($43.0m) | $21.0m | |
| Additional Financial Items | |||||||||||
| Goodwill, Impairment Loss | $0.00 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Amortization of Intangible Assets | $5.8m | $813k | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | $4.5m | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($28.9m) | ($84.4m) | ($20.5m) | ($17.9m) | $33.8m | $70.8m | $51.4m | $31.0m | ($37.0m) | $25.8m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | $16.5m | $34.3m | $72.7m | $54.0m | $34.8m | ($31.6m) | $34.2m | |
| Investment Income, Net | — | ($160k) | ($632k) | ($958k) | ($1.6m) | ($402k) | $2.0m | — | — | — | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | $33.5m | $238.4m | $41.0m | $29.3m | ($29.7m) | $17.9m | |
| Earnings Per Share, Basic | — | — | ($0.37) | ($0.32) | $0.57 | $3.77 | $0.63 | $0.44 | ($0.45) | $0.27 | |
| Earnings Per Share, Diluted | ($0.56) | ($1.66) | ($0.37) | ($0.32) | $0.54 | $3.51 | $0.60 | $0.42 | ($0.45) | $0.26 | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | 59.1m | 63.3m | 65.1m | 66.0m | 65.9m | 66.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | 62.0m | 67.9m | 68.9m | 69.3m | 65.9m | 69.3m | |
| Research and Development Expense | $106.9m | $127.5m | $90.0m | $81.2m | $85.3m | $101.7m | $132.0m | $177.8m | $179.9m | $190.4m | |
| General and Administrative Expense | $41.6m | $39.9m | $40.5m | $37.1m | $44.4m | $55.8m | $76.3m | $100.4m | $98.9m | $108.3m | |
| Other Nonoperating Income (Expense) | $912k | ($73k) | $378k | ($173k) | ($977k) | ($882k) | ($577k) | ($532k) | ($955k) | ($256k) | |
| Current Income Tax Expense (Benefit) | $775k | $692k | $465k | $1.1m | $792k | $3.3m | $11.1m | $6.1m | $8.1m | $3.4m | |
| Interest Expense | $585k | — | — | — | — | — | — | — | — | — | |
| Selling and Marketing Expense | $83.7m | $82.8m | $86.4m | $82.6m | $94.2m | $125.9m | $174.5m | $214.6m | $217.9m | $248.6m | |
| Income Tax Expense (Benefit) | $347k | $1.2m | $530k | $1.2m | $800k | ($165.7m) | $13.0m | $5.4m | ($1.9m) | $16.3m | |
| Interest Income (Expense), Nonoperating, Net | $1.1m | $233k | $254k | $1.1m | $2.6m | $1.3m | $1.4m | $9.7m | $12.3m | $13.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.