HARMONIC 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 | $360.5M | $488.2M | $388.5M | $625.0M | $507.1M |
| Cost of revenue | $185.8M | $248.1M | $210.4M | $309.1M | $247.4M |
| Gross profit | $174.7M | $240.1M | $178.1M | $315.9M | $259.7M |
| Selling, general & administrative | $81.4M | $79.2M | $78.3M | $146.7M | $138.1M |
| Research and development | $76.3M | $72.6M | $69.7M | $120.3M | $102.2M |
| Operating expenses | $160.7M | $165.4M | $148.1M | $270.4M | $240.9M |
| Operating income | $14.1M | $74.7M | $30.0M | $45.5M | $18.8M |
| Interest expense | $3.8M | $6.5M | $2.7M | $5.0M | $10.6M |
| Pretax income | $8.9M | $71.5M | $27.8M | $44.5M | $8.9M |
| Income tax expense | $7.6M | $20.8M | -$60.5M | $16.3M | -$4.4M |
| Net income | -$43.3M | $39.2M | $84.0M | $28.2M | $13.3M |
| Balance Sheet | |||||
| Cash and equivalents | $124.1M | $101.5M | $84.3M | $89.6M | $133.4M |
| Current assets | $494.4M | $565.1M | $330.7M | $345.3M | $323.1M |
| Total assets | $718.5M | $796.5M | $768.2M | $710.0M | $693.7M |
| Current liabilities | $197.9M | $192.3M | $272.4M | $322.1M | $224.5M |
| Total liabilities | $335.2M | $331.2M | $331.3M | $385.5M | $396.9M |
| Stockholders' equity | $383.2M | $465.3M | $436.9M | $324.5M | $295.9M |
| Cash Flow Statement | |||||
| Cash from operations | $108.0M | $61.9M | $7.1M | $5.5M | $41.0M |
| Depreciation and amortization | $11.1M | $12.1M | $12.3M | $12.3M | $12.5M |
| Stock-based compensation | $31.9M | $28.1M | $27.3M | $25.2M | $24.1M |
| Capital expenditure | $11.1M | $9.2M | $8.5M | $9.2M | $13.0M |
| Free cash flow | $96.9M | $52.7M | -$1.4M | -$3.8M | $28.0M |
| Dividends paid | — | $0 | $0 | $0 | $0 |
| Share repurchases | $79.0M | $30.0M | $0 | $5.1M | $0 |
| Impairments | $1.6M | $12.0M | $0 | $0 | $0 |
Shares outstanding 108.5M · Free float 94.7%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.