CALIX, INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.0B | $831.5M | $1.0B | $867.8M | $679.4M |
| Cost of revenue | $431.7M | $377.9M | $521.3M | $432.4M | $322.8M |
| Gross profit | $568.3M | $453.6M | $518.3M | $435.4M | $356.6M |
| Research and development | $190.4M | $179.9M | $177.8M | $132.0M | $101.7M |
| Operating expenses | $547.3M | $496.6M | $492.7M | $382.8M | $282.6M |
| Operating income | $21.0M | -$43.0M | $25.6M | $52.6M | $73.9M |
| Pretax income | $34.2M | -$31.6M | $34.8M | $54.0M | $72.7M |
| Income tax expense | $16.3M | -$1.9M | $5.4M | $13.0M | -$165.7M |
| Net income | $17.9M | -$29.7M | $29.3M | $41.0M | $238.4M |
| Balance Sheet | |||||
| Cash and equivalents | $143.1M | $43.2M | $63.4M | $79.1M | $51.3M |
| Current assets | $691.6M | $584.7M | $598.0M | $547.4M | $409.2M |
| Total assets | $1.1B | $939.3M | $941.9M | $884.8M | $742.0M |
| Current liabilities | $163.2M | $131.1M | $187.6M | $165.4M | $128.1M |
| Total liabilities | $199.3M | $158.3M | $222.9M | $205.3M | $173.6M |
| Stockholders' equity | $859.2M | $780.9M | $719.0M | $679.6M | $568.4M |
| Cash Flow Statement | |||||
| Cash from operations | $135.0M | $68.4M | $56.3M | $27.2M | $56.8M |
| Depreciation and amortization | $17.7M | $19.6M | $16.6M | $14.3M | $15.0M |
| Stock-based compensation | $87.9M | $70.8M | $62.8M | $44.8M | $24.2M |
| Capital expenditure | $19.4M | $18.1M | $17.9M | $14.1M | $10.5M |
| Free cash flow | $115.5M | $50.3M | $38.4M | $13.1M | $46.3M |
| Share repurchases | $93.6M | $10.7M | $86.4M | $0 | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 63.8M · Free float 67.5%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.