MAXLINEAR, 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 | $467.6M | $360.5M | $693.3M | $1.1B | $892.4M |
| Cost of revenue | $201.8M | $165.7M | $307.6M | $470.5M | $396.6M |
| Gross profit | $265.8M | $194.8M | $385.7M | $649.8M | $495.8M |
| Selling, general & administrative | $159.6M | $138.3M | $132.2M | $168.0M | $149.9M |
| Research and development | $208.6M | $225.2M | $269.5M | $296.4M | $278.4M |
| Operating expenses | $392.7M | $418.1M | $423.9M | $469.5M | $430.6M |
| Operating income | -$126.9M | -$223.4M | -$38.2M | $180.2M | $65.2M |
| Interest expense | $10.1M | $10.9M | $10.7M | $9.8M | $13.0M |
| Pretax income | -$140.9M | -$238.7M | -$63.8M | $174.2M | $47.9M |
| Income tax expense | -$4.2M | $6.5M | $9.3M | $49.2M | $5.9M |
| Net income | -$136.7M | -$245.2M | -$73.1M | $125.0M | $42.0M |
| Balance Sheet | |||||
| Cash and equivalents | $72.8M | $118.6M | $187.3M | $187.4M | $130.6M |
| Current assets | $248.8M | $323.4M | $488.0M | $563.1M | $404.1M |
| Total assets | $796.4M | $864.6M | $1.1B | $1.2B | $1.1B |
| Current liabilities | $186.0M | $182.3M | $222.1M | $341.1M | $207.4M |
| Total liabilities | $344.5M | $348.4M | $394.0M | $503.6M | $561.2M |
| Total debt | $125.0M | $125.0M | $125.0M | $125.0M | $310.0M |
| Stockholders' equity | $451.9M | $516.3M | $686.3M | $676.4M | $489.2M |
| Cash Flow Statement | |||||
| Cash from operations | $19.6M | -$45.3M | $43.4M | $388.7M | $168.2M |
| Depreciation and amortization | $44.0M | $54.1M | $71.5M | $80.7M | $91.8M |
| Stock-based compensation | $77.1M | $66.0M | $55.2M | $81.7M | $59.4M |
| Capital expenditure | $12.6M | $17.7M | $13.5M | $41.3M | $39.2M |
| Free cash flow | $7.0M | -$63.0M | $29.9M | $347.5M | $129.1M |
| Share repurchases | $20.0M | $0 | $0 | $31.5M | $23.5M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 89.5M · Free float 72.6%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.