Calix, Inc
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $831.5M | $1.04B | $867.8M | $679.4M | $541.2M | $424.3M | $441.3M |
| Cost of Revenue | $431.7M | $377.9M | $521.3M | $432.4M | $322.8M | $274.2M | $236.4M | $243.9M |
| Gross Profit | $568.3M | $453.6M | $518.3M | $435.4M | $356.6M | $267.0M | $187.9M | $197.4M |
| Gross Margin | 56.8% | 54.6% | 49.9% | 50.2% | 52.5% | 49.3% | 44.3% | 44.7% |
| Operating Expenses | ||||||||
| Research & Development | $190.4M | $179.9M | $177.8M | $132.0M | $101.7M | $85.3M | $81.2M | $90.0M |
| SG&A Expense | $108.3M | $98.9M | $100.4M | $76.3M | $55.8M | $44.4M | $37.1M | $40.5M |
| Operating Income | $21.0M | $-43.0M | $25.6M | $52.6M | $73.9M | $36.8M | $-15.4M | $-18.5M |
| Operating Margin | 2.1% | -5.2% | 2.5% | 6.1% | 10.9% | 6.8% | -3.6% | -4.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $34.2M | $-31.6M | $34.8M | $54.0M | $72.7M | $34.3M | $-16.5M | $-18.8M |
| Income Tax Expense | $16.3M | $-1.9M | $5.4M | $13.0M | $-165.7M | $800.0K | $1.2M | $530.0K |
| Net Income | $17.9M | $-29.7M | $29.3M | $41.0M | $238.4M | $33.5M | $-17.7M | $-19.3M |
| Net Margin | 1.8% | -3.6% | 2.8% | 4.7% | 35.1% | 6.2% | -4.2% | -4.4% |
| EPS (Basic) | $0.27 | $-0.45 | $0.44 | $0.63 | $3.77 | $0.57 | $-0.32 | $-0.37 |
| EPS (Diluted) | $0.26 | $-0.45 | $0.42 | $0.60 | $3.51 | $0.54 | $-0.32 | $-0.37 |
| Shares Outstanding (Basic) | 66.0M | 65.9M | 66.0M | 65.1M | 63.3M | 59.1M | 55.0M | 52.6M |
| Shares Outstanding (Diluted) | 69.3M | 65.9M | 69.3M | 68.9M | 67.9M | 62.0M | 55.0M | 52.6M |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |