Harmonic 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	360.52	678.72	607.91	624.96	507.15
Revenue Growth (YoY)	-46.88%	11.65%	-2.73%	23.23%	33.87%
Cost of Revenue	185.78	312.34	294.68	308.54	246.84
Gross Profit	174.75	366.38	313.23	316.42	260.31
Selling, General & Admin	82.76	160.85	167.01	146.72	138.09
Research & Development	74.96	112.5	117.35	120.31	102.23
Amortization of Goodwill & Intangibles	-	-	-	-	0.51
Operating Expenses	157.71	273.34	284.36	267.02	240.82
Operating Income	17.03	93.04	28.87	49.39	19.49
Interest Expense	-3.8	-7.33	-2.7	-5.04	-10.63
Currency Exchange Gain (Loss)	-	2.4	-0.2	-0.3	0.6
Other Non Operating Income (Expenses)	-1.42	-0.28	-0.14	4.31	0.09
EBT Excluding Unusual Items	11.81	87.83	25.84	48.36	9.55
Merger & Restructuring Charges	-1.32	-16.43	-1.5	-3.87	-0.68
Asset Writedown	-1.64	-12.71	-	-	-
Other Unusual Items	-	-0.76	-5.2	-	-
Pretax Income	8.86	57.93	19.14	44.49	8.87
Income Tax Expense	7.65	18.72	-64.85	16.3	-4.38
Earnings From Continuing Operations	1.22	39.22	83.99	28.18	13.25
Earnings From Discontinued Operations	-44.53	-	-	-	-
Net Income	-43.31	39.22	83.99	28.18	13.25
Net Income to Common	-43.31	39.22	83.99	28.18	13.25
Net Income Growth	-	-53.31%	198.04%	112.63%	-
Shares Outstanding (Basic)	114	115	112	105	101
Shares Outstanding (Diluted)	114	117	117	112	106
Shares Change (YoY)	-2.81%	0.10%	4.43%	5.85%	9.49%
EPS (Basic)	-0.38	0.34	0.75	0.27	0.13
EPS (Diluted)	-0.38	0.33	0.72	0.25	0.12
EPS Growth	-	-54.17%	188.00%	108.33%	-
Free Cash Flow	96.89	52.73	-1.42	-3.77	28.04
Free Cash Flow Per Share	0.85	0.45	-0.01	-0.03	0.26
Gross Margin	48.47%	53.98%	51.53%	50.63%	51.33%
Operating Margin	4.72%	13.71%	4.75%	7.90%	3.84%
Profit Margin	-12.01%	5.78%	13.82%	4.51%	2.61%
Free Cash Flow Margin	26.87%	7.77%	-0.23%	-0.60%	5.53%
EBITDA	28.11	105.18	41.12	61.65	32.54
EBITDA Margin	7.80%	15.50%	6.77%	9.87%	6.42%
D&A For EBITDA	11.08	12.14	12.26	12.26	13.05
EBIT	17.03	93.04	28.87	49.39	19.49
EBIT Margin	4.72%	13.71%	4.75%	7.90%	3.84%
Effective Tax Rate	86.28%	32.31%	-	36.65%	-
Revenue as Reported	360.52	678.72	607.91	624.96	507.15
Advertising Expenses	-	0.3	0.5	0.7	1

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