Calix Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,000	831.52	1,040	867.83	679.39
Revenue Growth (YoY)	20.26%	-20.02%	19.79%	27.73%	25.53%
Cost of Revenue	431.69	377.92	521.28	432.4	322.81
Gross Profit	568.32	453.59	518.32	435.43	356.59
Selling, General & Admin	356.97	316.76	314.96	250.82	181.69
Research & Development	190.36	179.87	177.77	131.99	101.75
Operating Expenses	547.33	496.63	492.73	382.82	283.44
Operating Income	20.99	-43.03	25.59	52.61	73.15
Interest Expense	-	-	-	-	-0.4
Interest & Investment Income	13.43	12.34	9.7	2.01	-
Currency Exchange Gain (Loss)	-	-0.7	-	-	-
Other Non Operating Income (Expenses)	-0.26	-0.26	-0.53	-0.58	-0.88
EBT Excluding Unusual Items	34.17	-31.65	34.76	54.04	71.87
Merger & Restructuring Charges	-	-	-	-	0.79
Pretax Income	34.17	-31.65	34.76	54.04	72.65
Income Tax Expense	16.28	-1.9	5.43	13.03	-165.72
Net Income	17.88	-29.75	29.33	41.01	238.38
Net Income to Common	17.88	-29.75	29.33	41.01	238.38
Net Income Growth	-	-	-28.49%	-82.80%	611.92%
Shares Outstanding (Basic)	66	66	66	65	63
Shares Outstanding (Diluted)	69	66	69	69	68
Shares Change (YoY)	5.20%	-4.96%	0.59%	1.55%	9.45%
EPS (Basic)	0.27	-0.45	0.44	0.63	3.77
EPS (Diluted)	0.26	-0.45	0.42	0.60	3.51
EPS Growth	-	-	-30.00%	-82.91%	550.00%
Free Cash Flow	115.52	50.35	38.4	13.12	46.33
Free Cash Flow Per Share	1.67	0.76	0.55	0.19	0.68
Gross Margin	56.83%	54.55%	49.86%	50.18%	52.49%
Operating Margin	2.10%	-5.17%	2.46%	6.06%	10.77%
Profit Margin	1.79%	-3.58%	2.82%	4.73%	35.09%
Free Cash Flow Margin	11.55%	6.05%	3.69%	1.51%	6.82%
EBITDA	38.7	-23.48	42.22	66.93	88.16
EBITDA Margin	3.87%	-2.82%	4.06%	7.71%	12.98%
D&A For EBITDA	17.71	19.55	16.63	14.32	15.01
EBIT	20.99	-43.03	25.59	52.61	73.15
EBIT Margin	2.10%	-5.17%	2.46%	6.06%	10.77%
Effective Tax Rate	47.66%	-	15.63%	24.12%	-
Revenue as Reported	1,000	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.